Bachelor of Commerce and Bachelor of Economics

Undergraduate Entry Requirements

Application Fee: AUD $100

Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 70% or above in their previous academic qualifications.

English Language Proficiency:

• IELTS: Overall band score of 6.0 or 6.5 with a minimum of 5.5 in each component.
• TOEFL: Overall score of 80 with a minimum of 19 in each section.
• PTE (Pearson Test of English): Overall score of 58 with a minimum of 50 in each section.

Students must provide:

• academic marksheets & transcripts
• letters of recommendation
• a personal statement - SOP
• passport
• other supporting documents as required by the university.

It's important to note that entry requirements can vary by program and may change over time. Additionally, some programs may have additional requirements, such as interviews, portfolios, or work experience.

Monash University offers a range of scholarships to both domestic and international students to help cover the cost of tuition fees, living expenses, and other study-related costs. These scholarships are awarded based on academic excellence, financial need, leadership potential, and other criteria.

Monash International Merit Scholarship: This scholarship is offered to international students who have demonstrated academic excellence in their previous studies. The scholarship provides up to $10,000 per annum for the duration of the student's course.

Monash Asylum Seekers Scholarship: This scholarship is designed to provide financial assistance to asylum seekers who are undertaking undergraduate or postgraduate study at Monash University. The scholarship covers the cost of tuition fees, as well as a range of other study-related expenses.

Monash Equity Scholarship: This scholarship is offered to students who have experienced financial hardship or other forms of disadvantage that have impacted their ability to succeed academically. The scholarship provides up to $6,000 per annum to assist with living expenses and other costs.

Monash Indigenous Scholarship: This scholarship is available to Indigenous students who are undertaking undergraduate or postgraduate study at Monash University. The scholarship provides a range of benefits, including financial assistance, mentoring, and academic support.

Graduates of the Bachelor of Commerce (BCom) and Bachelor of Economics program at Monash University are equipped with a solid foundation in business management, economic principles, and analytical skills, preparing them for diverse career opportunities in finance, economics, business analysis, and policy development. 

Financial Analyst: Graduates can work as financial analysts, analyzing financial data, trends, and investment opportunities. They evaluate company financial statements, assess market conditions, and provide recommendations for investment strategies, mergers, or acquisitions.

Economic Consultant: With expertise in economics, graduates can specialize as economic consultants, advising businesses, government agencies, or international organizations on economic policies, market trends, and regulatory issues. They conduct economic impact assessments, analyze data, and develop strategies to optimize economic outcomes.

Investment Banker: Graduates can pursue roles in investment banking, facilitating corporate finance transactions, mergers, acquisitions, and initial public offerings (IPOs). They evaluate financial risks, structure deals, and negotiate terms to support clients in raising capital and achieving financial goals.

Market Research Analyst: Graduates with strong analytical skills can work as market research analysts, studying market trends, consumer behavior, and competitive landscapes. They gather data, conduct surveys, and analyze findings to provide insights that guide business strategy, product development, and marketing campaigns.

Policy Analyst: Graduates can specialize as policy analysts, working in government agencies, think tanks, or non-profit organizations. They research policy issues, analyze economic impacts, and make recommendations to inform public policies related to taxation, healthcare, education, and environmental regulations.

Business Strategist: Graduates can work as business strategists, developing and implementing strategic plans to enhance organizational performance and competitive advantage. They analyze industry trends, identify growth opportunities, and recommend initiatives to drive revenue growth, operational efficiency, and market expansion.

Management Consultant: Graduates can pursue roles as management consultants, advising businesses on organizational improvements, operational efficiencies, and change management strategies. They conduct business assessments, recommend process improvements, and facilitate organizational transformations to achieve business objectives.

Financial Planner/Advisor: Graduates with expertise in finance and economics can work as financial planners or advisors, helping individuals and businesses manage investments, retirement planning, and wealth accumulation strategies. They assess client financial goals, develop personalized financial plans, and provide guidance on asset allocation and risk management.

Data Analyst/Scientist: Graduates with skills in data analysis and econometrics can work as data analysts or scientists, extracting insights from large datasets to support business decision-making, forecasting trends, and optimizing operational processes. They use statistical tools, data visualization techniques, and predictive modeling to drive data-driven solutions.

International Trade Specialist: Graduates can specialize in international trade roles, facilitating global trade agreements, export-import operations, and trade finance transactions. They monitor international markets, analyze trade policies, and provide advice to businesses on market entry strategies and trade compliance regulations.