Undergraduate · Business
Bachelor of Commerce
University of Melbourne, Melbourne, VIC, Australia
About this program
Melbourne's Bachelor of Commerce sits inside the Faculty of Business and Economics, one of the largest and most consistently well-ranked commerce faculties in the country, and the degree's reputation is built substantially on its Actuarial Studies major: Melbourne has one of the longer-running and more respected actuarial programs in Australia, with direct accreditation pathways into the Actuaries Institute's professional exams that shave years off qualifying compared to some alternative routes.
The major list beyond actuarial studies covers the standard commerce set (Accounting, Economics, Econometrics, Finance, Management, Marketing), and students choose their major partway through first year after a common introductory sequence, which gives some flexibility for students who arrive uncertain and change direction once they've had a taste of the different disciplines.
Melbourne's economics teaching in particular carries weight because the department has genuine research depth and a track record of producing academics and policymakers who go on to roles at the Reserve Bank, Treasury, and international bodies. The economics major here draws students specifically wanting that pedigree rather than treating economics as a service subject for a finance career.
Cost & duration
English test scores
Course structure
5 terms of coursework
- Year 1: Introductory Microeconomics, Introductory Macroeconomics, Accounting Reports and Analysis, Quantitative Methods, Business Statistics
- Year 2: major selection (Accounting, Actuarial Studies, Econometrics, Economics, Finance, Management, Marketing), core major subjects begin
- Year 3: advanced major subjects, capstone subject within major, one elective outside the major
- Actuarial Studies major carries direct accreditation recognition from the Actuaries Institute
- Breadth subjects required outside the Faculty of Business and Economics, per the Melbourne Model structure
Admissions
Completion of Year 12 (or equivalent); ATAR of approximately 90-95 typically competitive, plus prerequisite Units 3/4 Mathematics (Any).