B6023 Master of Commerce
Faculty of Business and Economics
Master of Commerce (B6023) is a 2 years full-time, 96-credit-point, master's degree (coursework) course from the Faculty of Business and Economics, taught at Caulfield. Map your units semester by semester with the MonMap planner.
- Credit points
- 96
- Duration
- 2 years full time
- 4 years part time
- Campus
- Caulfield
- On campus
This is the 2024 handbook entry. See the 2027 entry.
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Requisite map
Overview
This program of coursework and research in finance is designed for high-achieving students who intend to pursue a PhD in finance. The course involves undertaking research methodology training and carrying out independent research projects in banking and finance, working closely with a supervisor who will provide you with individual guidance and academic counselling.
The course is the compulsory pathway to the PhD programme in finance. Students intending to pursue the 5-year PhD program in finance will be given priority during selection. Upon successful completion of the Master of Commerce, displaying exceptional proficiency, students progress to the PhD program in finance (3 years).
Course structure
Part A. Research studies48 credit points
- BFX5000Research skillsNo reviews yet6 cp
- BFX5001Corporate finance and intermediation theoryNo reviews yet6 cp
- BFX5002Empirical corporate finance and bankingNo reviews yet6 cp
- BFX5003Econometrics for financeNo reviews yet6 cp
- BFX5004Asset pricing theoryNo reviews yet6 cp
- BFX5005Empirical asset pricing and investmentsNo reviews yet6 cp
- BFX5006Research in financeNo reviews yet12 cp
Part B. Advanced research studies48 credit points
Note: You may need permission from the owning faculty to enrol in some units taught by other faculties.
The handbook's description of this structure
The course is structured in two parts: Part A. Research studies and Part B. Advanced research studies.
Master's entry points
Depending on prior qualifications you may receive entry level credit (a form of block credit) which determines your point of entry to the course:
- If you are admitted at entry level 1 you must complete 96 credit points, comprising Part A and Part B.
- If you are admitted at entry level 2 you must complete 48 credit points, comprising Part B.
Note: If you are eligible for credit for prior studies you may elect not to receive the credit and complete one of the higher credit-point options.
Course progression map
The course progression map provides guidance on unit enrolment for each semester of study.
The course comprises 96 credit points structured into two parts: Part A. Research studies (48 credit points) and Part B. Advanced research studies (48 credit points).
Units are 6 credit points unless otherwise stated.
Part A: Research studies (48 credit credit points)
You must complete the following seven units (48 credit points):
• BFX5000 Research skills
• BFX5001 Corporate finance and intermediation theory
• BFX5002 Empirical corporate finance and banking
• BFX5003 Econometrics for finance
• BFX5004 Asset pricing theory
• BFX5005 Empirical asset pricing and investments
• BFX5006 Research in finance (12 credit points)
Part B: Advanced research studies (48 credit points)
You must complete the following five units (42 credit points):
• BFX5011 Advanced asset pricing
• BFX5012 Advanced corporate finance
• BFX5014 Advanced behavioural finance
• BFX5015 Research project 1 (12 credit points)
• BFX5016 Research project 2 (12 credit points)
And you must complete one level 5 elective unit (6 credit points).
Units can be identified using the [[http://www.monash.edu.au/pubs/handbooks/units/search][browse units]] tool and [[http://www.monash.edu.au/pubs/handbooks/units/][indexes of units]] in the current edition of the Handbook. The level of the unit is indicated by the first number in the unit code. You may need permission from the owning faculty to enrol in some units taught by other faculties.
Learning outcomes
These course outcomes are aligned with the Australian Qualifications Framework and Monash Graduate Attributes.
Upon successful completion of this course it is expected that you will be able to:
- 1
be critical and creative scholars who:
- produce innovative solutions to problems
- apply research skills to business challenges
- communicate effectively and perceptively
- 2
be responsible and effective global citizens who:
- engage in an international world
- exhibit cross cultural competence
- demonstrate ethical values
- 3
utilise knowledge to design relevant solutions that respond to business, professional and public policy communities
- 4
apply conceptual frameworks to analyse complex problems arising in a variety of contexts and be able to apply economic theories and strategies to conduct capital market research and evaluate corporate and financial institution policy outcomes.
Entry requirements
English language
Monash Level A, that is: IELTS (Academic): 6.5 overall (no band lower than 6.0); or Pearson Test of English (Academic): score of 58 overall with no band lower than 50; or TOEFL Internet-based test: score of 79 overall with minimum scores: Writing: 21, Listening: 12, Reading: 13 and Speaking: 18; or Equivalent approved English test
More information
Progression to further studies
Successful completion of this course may provide a pathway to a graduate research degree.
Other information
This program of coursework and research in finance is designed for high-achieving students who intend to pursue a PhD in finance. The course involves undertaking research methodology training and carrying out independent research projects in banking and finance, working closely with a supervisor who will provide you with individual guidance and academic counselling.
The course is the compulsory pathway to the PhD programme in finance. Students intending to pursue the 5-year PhD program in finance will be given priority during selection. Upon successful completion of the Master of Commerce, displaying exceptional proficiency, students progress to the PhD program in finance (3 years).
Common questions
How long is Master of Commerce?
2 years full time, 96 credit points. At 24 credit points a semester, that is 4 semesters of full-time study.
Where can I study Master of Commerce?
At Caulfield.
How do I plan my Master of Commerce units?
Open the course in the MonMap planner. It lays out your semesters, checks prerequisites as you drag units in, and tracks the credit points each requirement still needs.