Commerce Specialist - B2004

Commerce Specialist

Bachelor degree

Commerce is about innovation, big-picture thinking and decision-making.

If you like to unpick problems and consider ideas in abstract ways, and want to find solutions to global challenges, Commerce will teach you how to apply your thinking to commercial environments.

In this specialist course you will have genuine depth of study, giving you the skills to join the next generation of commercial leaders, and use your analytical abilities to adapt to or influence change.

You will develop strong commercial knowledge, while also building your expertise from day one in one of three specialist areas:

  • Actuarial science
  • Economics
  • Finance

You can also combine your course as a double degree, providing genuine diversity of study, and graduate with an internationally recognised qualification that makes you employable across the globe.

Your learning experience at Monash is enhanced through a range of co-curricular activities that develop your critical thinking, communication and negotiation skills including:

  • Internships with leading companies and brands.
  • International exchange programs with one of our 100 partner universities across the world.
  • Leadership and professional development programs.
  • Networking opportunities with business leaders.

From day one you'll be able to focus your study and begin your career journey.

Actuarial Science will prepare you for a career as an actuary, where you will use mathematical and econometric models to forecast real-life scenarios such as calculating insurance premiums or the likelihood of economic or property losses, managing superannuation investments or working across financial consulting.

Economics will allow to you work as an economist, unlocking how the world works by reviewing important economic activity such as the consumption of goods and services, employment rates or living standards. You will learn to use economic theories and econometric modelling to figure out how the economy is operating and identify and communicate the impacts of government policies in both domestic and international environments.

Finance will give you the high-level skills to manage, organise and invest money. You will learn how to develop financial policy and products and use mathematical models to solve complex financial problems.

Plus, very high achieving students enrolled in the single Commerce Specialist course or the Commerce and Commerce Specialist double-degree course will be eligible for selection to the Monash Business School Scholars Program.

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At a glance


90 Note Estimated clearly in ATAR
86.35 Note 2017 lowest ATAR offer

^All domestic applicants with a score above the Clearly-in ATAR who meet the course prerequisites are offered a place. This is an estimate of what the the Clearly-in ATAR will be in 2017.

Subject prerequisites

English Maths Sciences / Other
Tick Tick N/A

Course Details

  • On-campus at Clayton: Full time & part time
  • 3 years (full time)
  • 6 years (part time)
Start date First Semester (February)
See course requirements

Please select a specialisation for more details:

"I chose a Bachelor of Commerce for the flexibility – both within the course and once I graduated. A Commerce degree allowed me to explore the different options available in business, and I ended up choosing majors and units that I hadn't considered when I first enrolled in the degree." Kristen Fernandez, Bachelor of Commerce

"I've always had a passion for business and consulting, and the Bachelor of Commerce allows me to pursue my career ambitions, and has set a clear transition from academic life to a professional career." Kerrydan Flory, Bachelor of Commerce

At Monash, we pride ourselves on offering a broad range of flexible, easily understood course options. To make our course portfolio easy to navigate we have divided our undergraduate courses into two groups. Monash Comprehensive courses and Monash Specialist courses. This video explains how they work.

Entry Requirements

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

Minimum Entry Requirements


Equivalent Australian Year 12


All applicants must satisfy the following prerequisites or their equivalents.

English Maths Sciences/Other
Australian VCE subjects Units 3 & 4: a study score at least 30 in English (EAL) or 25 in English other than EAL Units 3 & 4: a study score of at least 25 in one of Mathematical Methods (any) or Specialist Mathematics N/A
IB A score of at least 4 in English SL or 3 in English HL or 5 in English B SL or 4 in English B HL At least 4 in Mathematics SL or 3 in Mathematics HL or 3 in Further Mathematics HL N/A

Alternative qualifications and prerequisites

For other domestic and international qualification entry requirements and scores for this course based on your prior studies, use the study credit and admissions eligibility search.

Non-School leaver requirements

All applicants must satisfy the equivalence of the VCE subject prerequisites.

VET Diploma or Advanced Diploma graduates: To be considered, applicants will normally require at least an 80% average. Preference will be given to students whose prior studies are related to the course in which they are seeking admission. Programs that involve competency-based assessment without grades or marks will not meet the admission requirements.

University: Two single units at an Australian higher education institution satisfy minimum entry requirements, but more units are recommended to be competitive for selection, especially in areas of study related to the course in which admission is being sought. Applicants should have at least a 70% average in their studies. Studies must have been completed within five years of intended commencement.

Applicants must complete the VTAC Personal Statement. Information provided receives equal weighting with academic results in deciding the ranking of applicants.

English requirements

Applicants must also meet the English language requirements.

University entrance requirements

Minimum entrance requirements for admission to Monash University Australia.

Extra Requirements

VTAC Personal Statement (for domestic students only)

Current year 12 applicants are not required to complete this statement. All other applicants must complete the VTAC Personal Statement detailing any experience that is relevant to the course. Information on the statement receives equal weighting with academic results in deciding the ranking.

Making the application

Future students

Semester one (February)

Applications for on campus studies should be made online through the Victorian Tertiary Admissions Centre.

Semester two (July)

Not available for Second Semester (July) entry.

Course codes for applying directly to Monash:

  • Actuarial science - B20041
  • Economics - B20042
  • Finance - B20043

Current Monash students

You may apply to transfer from another Monash course. Transfers are a competitive process. You may apply mid-year for available courses however consideration will be given as to whether you will be able to follow your course progression.

Please note that if you apply for a course transfer, you should still enrol in your current course as if you were continuing so as not to jeopardise your enrolment in the Faculty if your transfer application is unsuccessful. More about Course Transfer...

Self assess for credit eligibility

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


Fees are subject to change annually.

Commonwealth supported place (CSP)

The average annual student contribution amount is:


Note: see information on how average fee is calculated.

Fee assistance

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


We offer over 200 types of scholarships, valued at up to $70,000. Some scholarships offer one-off payments while others continue for the length of your course. Learn more about Monash Scholarships.

Other fees

The Student Services and Amenities Fee applies to some students each calendar year.

With a specialist course at Monash you begin study in your area of interest from day one. If you have a specific career goal or more specific field of study firmly in your sights, this may be the option for you. These courses are designed to ensure you have the right combination of skills needed for your professional field.

The course develops through the four themes of foundation commerce knowledge, specialist discipline knowledge, capstone experience and elective breadth/depth study.

Partner with another course

Double degree courses allow you to study towards two different degrees at the same time, and graduate with two separate qualifications. And because a required subject in one course can count as an elective in the other, our double degrees take up to two years less than if you studied for the two degrees separately.