What is a B.Comm like?

[lolbox]

Sorry, I know this question is VERY vague. I don't usually ask questions like this but ATM I have very limited knowledge on the content/opportunities gained from a Bachlor of Commerce.

Also, in terms of both education and job opportunities, is there a significant difference if I gained my B.Comm from ANU, Monash or Melbourne (provided my results were of similar standards at each institution)

[Kopite]

Sorry, I know this question is VERY vague. I don't usually ask questions like this but ATM I have very limited knowledge on the content/opportunities gained from a Bachlor of Commerce.

Also, in terms of both education and job opportunities, is there a significant difference if I gained my B.Comm from ANU, Monash or Melbourne (provided my results were of similar standards at each institution)

Job prospects for a B.Comm graduate would be pretty good coming from any of those unis. But I'd take UoM over Monash anyday for a B.Comm. (just fyi i'm doing a B.Comm at UoM, so a bit of bias-but i think it's widely acknowledged that Commerce and UoM is better than Monash).

Job prospects really depends on your specialisation/major and the job market in that particular field at the point of your graduation. However, I think you'll find accounting is always in demand. Finance and economics prospects are pretty good aswell. Management and marketing I'm not so sure.

At UoM, core subjects include micro+macroeconomics and two statistics subjects.

[TrueTears]

I'm really enjoying Commerce, I think it's a very good degree.

[tram]

monash, Uom or ANU, pretty much no difference where you go. Go to wahtever is most convinient for you, If you know specifically what major you want to do, some unis are better than others (eg. for act stud UoM=ANU>>>>>>>>>>>>Monash(conceidering next yr will be the 1st yr they offer it)) but for commerce generally, they're all pretty good unis and will get you a respected degree.

[lolbox]

money wise. What do commerce grads typically get 1st year out - in all majors (accounting, economics, finance etc)

Also. What jobs can you get majoring in economics. Is it mainly advisory jobs?

[TrueTears]

Majoring in economics could lead you into the finance industry as they are closely related. Investments, property investments, banking etc.

Majoring in economics/finance will involve a lot of maths too.

[luken93]

(eg. for act stud UoM=ANU>>>>>>>>>>>>Monash(conceidering next yr will be the 1st yr they offer it))

is that definate? will it only be a single or double degree?

[IntoTheNewWorld]

Management is the worst subject ever. I hate it so much. Microeconomics is interesting though I guess.

[tram]

(eg. for act stud UoM=ANU>>>>>>>>>>>>Monash(conceidering next yr will be the 1st yr they offer it))

is that definate? will it only be a single or double degree?

TBH, i have absolutely no idea. When i asked about it at the age vce and careers expo, all i got was a "dunno.....come to open day and ask then" whihc wasn't very promising.......

[IntoTheNewWorld]

(eg. for act stud UoM=ANU>>>>>>>>>>>>Monash(conceidering next yr will be the 1st yr they offer it))

is that definate? will it only be a single or double degree?

TBH, i have absolutely no idea. When i asked about it at the age vce and careers expo, all i got was a "dunno.....come to open day and ask then" whihc wasn't very promising.......

For the Commerce students starting this year this year there are optional tutorials to take for those who want to do acturial studies as far as I know

EDIT: Copy and pasted from email

Dear ECC1000 or ECC1100 Student,

If you may possibly decide to follow the actuarial program within an Econometrics major over the balance of your B.Com or B.Ec degree, you should
take notice of the following!

To use ECC1000 & ECC1100, with high enough results (Av. 70%, min. 60% in each), to obtain exemption from the Institute of Actuaries subject CT7 Economics, you must attend additional tutorials (& pass a relevant test).

These tutorials cover utility theory, a topic not covered in economics lectures until 2nd year. It is, however, a necessary topic for
actuaries to become familiar with at an early stage.

On the Econometrics and Business Statistics Department (EBS) website look up the “Proposed Monash Actuarial Program Structure” page:

http://www.buseco.monash.edu.au/depts/ebs/student/undergrad/actuarial/program.php

That page of the website has a link you can use to register your interest in the additional tutorials.

The tutorials are planned to take place at over two weeks in late April, early May, and will be followed by an assessment exercise the following week.

This information originates from Graham Forbes, Senior Lecturer Actuarial in EBS Department.

Kind Regards,

Student Services
Faculty of Business and Economics

[lolbox]

Whats the typical wage for a Commerce graduate 1st year out? Say an accountant

[Fyrefly]

Whats the typical wage for a Commerce graduate 1st year out? Say an accountant

For a Big 4 firm, a graduate accountant will find their starting wage is around $35k.
This is a bit lower than mid-tier firms offer, but Big 4 usually give a pay rise of around $7k per year.
Mid-tier firms and banks usually have a starting salary of $45k, but the pay rises are much smaller.

You may find these to be of interest:
http://www.hays.com.au/salary/pdfs05/Accountancy.pdf
http://www.hays.com.au/salary/pdfs05/ProfessionalPractice.pdf

[AzureBlue]

(eg. for act stud UoM=ANU>>>>>>>>>>>>Monash(conceidering next yr will be the 1st yr they offer it))

is that definate? will it only be a single or double degree?

TBH, i have absolutely no idea. When i asked about it at the age vce and careers expo, all i got was a "dunno.....come to open day and ask then" whihc wasn't very promising.......

Will the new Monash program be accredited by the IAA (and do you get exemptions from it?)

[nbalakers24]

Whats the typical wage for a Commerce graduate 1st year out? Say an accountant

For a Big 4 firm, a graduate accountant will find their starting wage is around $35k.
This is a bit lower than mid-tier firms offer, but Big 4 usually give a pay rise of around $7k per year.
Mid-tier firms and banks usually have a starting salary of $45k, but the pay rises are much smaller.

You may find these to be of interest:
http://www.hays.com.au/salary/pdfs05/Accountancy.pdf
http://www.hays.com.au/salary/pdfs05/ProfessionalPractice.pdf

where did you find the big 4 starting is 35k source from? :O

[methodsman]

Monash Commerce is great! Especially micro economics, financial accounting and finance. EXCEPT:management (accounting).