Commerce - B3701

Commerce

Bachelor degree (honours year)

Honours is an extra year of study that builds on the knowledge gained in your undergraduate degree and gives you the skills to undertake independent research. Students in our honours program are exposed to the latest research and cutting edge developments in their field of study.

An honours degree gives you a competitive advantage in your career, and is the first step to pursuing further studies, such as master's degree or a PhD.

Monash Business School offers a one-year, Bachelor of Commerce (Honours) program for selected students. The honours program gives you the opportunity to study aspects of your undergraduate major in more depth.

Programs contain a mix of advanced theory, research training, a research project or thesis and coursework units.

Specialisations under the Bachelor of Commerce (Honours) include accounting, econometrics, economics, finance, management, marketing, actuarial studies and business analytics.

Honours graduates have special expertise valued by employers and therefore have a competitive advantage in the job market. The honours year also prepares you to undertake higher degrees by research including the Master of Philosophy or Doctor of Philosophy (PhD).

If you're enrolled in a Monash double degree course and who have not yet completed the requirements for the two degrees, you may be eligible to enrol in this honours program once you have completed 144 points of study, including the normal requirements for the Bachelor degree containing the intended honours discipline.

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At a glance

Course Details

Location
  • On-campus at Caulfield: Full time & part time
  • On-campus at Clayton: Full time & part time
Duration
  • 1 year (full time)
  • 2 years (part time)
Start date
First Semester (February)
Qualification
Bachelor of Commerce (Honours)
Course Handbook

Entry Requirements

You need to satisfy the following entrance requirements to be considered for entry to this course.

Minimum Entry Requirements (Domestic students)

Qualifications

An Australian bachelor degree (or equivalent) with a major in the chosen honours area of study. A distinction average (70%) or above in four units (24 points) in the relevant discipline units at level three is required.

The following specialisations require completion of specific units, or their equivalent, in addition to the requirements. Please note applicants from other universities or from other Monash degrees will be assessed on a case-by-case basis.

Actuarial studies specialisation

You should have completed at least three third-year actuarial studies units including:

(a) at least one of

  • ETC3530 Contingencies in insurance and pensions
  • ETC3420 Insurance mathematics

and

(b) at least two of:

  • ETC3430 Financial mathematics under uncertainty
  • ETC3460 Financial econometrics
  • ETC3520 Foundations of quantitative finance

Alternatively, the following units may be appropriate:

  • ETC3410 Applied econometrics
  • ETC3550 Applied forecasting for business and economics
  • ETC3555 Statistical machine learning
  • ETC3580 Advanced statistical modelling
  • ETF3500 High dimensional data analysis

Business analytics specialisation

You should have completed at least three third-year business analytics units including:

ETC3250 Introduction to machine learning

and

at least two of:

  • ETC3550 Applied forecasting for business and economics
  • ETC3555 Statistical machine learning
  • ETF3500 High dimensional data analysis
  • ETC3580 Advanced statistical modelling.

Alternatively, the following units may be appropriate:

  • ETX2250 Data visualisation and analytics
  • FIT3003 Business intelligence and data warehousing
  • FIT3154 Advanced Data Analysis
  • FIT3179 Data visualisation

Economics specialisation

You should have completed the following units in your undergraduate degree:

  • ECC2000 Intermediate microeconomics
  • ECC2010 Intermediate macroeconomics
  • ETC2410 Introductory econometrics

Double degree students: Applicants who are enrolled in a Monash double degree course and who have not yet completed the requirements for the two degrees may be eligible to enrol in this honours program once they have completed 144 points of study, including the normal requirements for the Bachelor degree containing the intended honours discipline.

Alternative qualifications and prerequisites

For other domestic and international qualification entry requirements and scores for this course use the study credit and admissions eligibility search.

English requirements

Applicants must also meet the English language requirements.

University entrance requirements

Minimum entrance requirements for admission to Monash University Australia.

Extra Requirements

Completion of the Honours Supplementary Form is also required and applicants may be requested to attend an interview with the discipline Honours Coordinator.

Alternative entry pathways

Multiple pathways to this course

There are many ways to gain entry to a course at Monash. If you don't meet our entry requirements, there are pathways to help. More about alternative pathways...

Additionally, we recognise that some applicants may have experienced difficulties that have disadvantaged them when applying for university. We offer a range of special admissions schemes that may help you gain entry to your chosen course, including pathways for Australian Aboriginal and/or Torres Strait Islander students. .More about special admissions schemes...

This course consists of a combination of coursework and research. In the coursework component you will develop advanced theoretical and/or technical knowledge of your discipline and appropriate research methodologies. In the research component you will plan and execute a research project under the individual guidance of an academic supervisor.

Specialisations under the Bachelor of Commerce (Honours) include: (All applicants must submit the Bachelor of Commerce (Honours) Supplementary Form.)

  • Accounting
  • Actuarial studies
  • Business analytics
  • Econometrics
  • Economics
  • Finance
  • Management
  • Marketing

Making the application

Future students

Semester one (February)

Apply directly to Monash using course code B3701

Apply

Self assess for credit eligibility

Check for study credit using the "Credit search" link on the Credit for prior study page

Fees

Fees are subject to change annually.

Note Please note: The fee information displayed is based on the 2021 rates and should only be used as a guide.

Commonwealth supported place (CSP)

The average annual student contribution amount is:

A$14,500

Note: see information on how average fee is calculated.

Fee assistance

As a Commonwealth supported student, you may be able to either:

Full fee

Fees are per 48 credit points which represents a standard full-time course load for a year.

A$30,200

Scholarships

We offer over 360 types of scholarships, valued at up to $280,000. Some scholarships offer one-off payments while others continue for the length of your course. Learn more about Monash Scholarships.

Other costs and fees

For information on other study costs and fees, see other study costs.