We’ve heard many inspiring stories about successful entrepreneurs out there that drive us to be productive and improve ourselves. A lot of these stories emphasise on discipline, willpower, and learning from mistakes in order to maintain successful businesses.
The real questions are; What sort of knowledge and skills do we need to ensure businesses can be run successfully? How do we avoid failures in businesses? How can we globalise a small business into successful corporations? These are among the questions that you will figure out when you study either a business or commerce degree
If you’re not sure on what kind of career you might want to do in the future, or maybe you are looking to learn something that has a broad discipline which allows you to keep your options for now, so you explore into different fields later, then studying business degree can be an excellent choice for you.
About Times Higher Education Ranking System
Times Higher Education is a platform that provides trusted performance data on universities and tertiary study programs around the world. It involves more than 1500 universities, across 93 countries and regions. One of the best parts about Times Higher Education is that it shows the university rankings internationally.
The rankings allow you to assess the university performance on the global stage. More importantly, you can find out about the quality of universities based on five categories which are Teaching, Research, Citations, Industry Income and International Outlook. This way you will get to see an overall comparison between institutions and help you decide which university to choose based on the program that you’re interested in.
On another side note, whenever global companies recruit new staff members to join the team, some may even revisit the Times Higher Education rankings to shortlist candidates based on the performance of the universities. Thus, choosing the right university based on these ranking systems can provide you with a certain assurance that one day you can land that dream job of your choice with a wise decision made today.
What is a Business or Commerce Degree?
Whether you want to be an entrepreneur or interested in a management position in a global company, a business or commerce degree is a popular option as it gives you the essential knowledge and skills to pursue wide career opportunities and help to develop understanding of businesses and specific areas including finance, marketing and human resources.
You will learn what makes a company successful in a saturated global business environment. This includes the fundamentals of how businesses work from scratch for businesses or companies of all sizes from multinational companies to start-ups. It also involves organising, planning and analysing businesses to understand how to manage and run them efficiently.
Why should you study a Business or Commerce Degree?
Develop fundamental management skills
You will learn and build a skill set to respond to challenges and current developments in business and society. This can help to ensure you can make informed managerial decisions that consider the aspect of ethical, economic and social implications. When you graduate, some of the essential business management skills that you should be able to acquire are:
- critical and strategic thinking
- communication
- problem-solving
- organisation
- presenting
- reporting
- leadership
- project management
Employability
Studying business or commerce will equip you with multiple transferable skills and strong business fundamentals that you can apply in various fields or industries. This is because most companies will have multiple business divisions which includes sales, marketing, finance, accounts, logistics and other interesting divisions. As you progress through your business or commerce degree, you will be able to shape the direction of your career by choosing a specialization that suits you and most business and commerce degree will allow you to specialise up to 2 different majors. Among the fields that business graduates can consider to look for jobs include:
- management
- eCommerce
- marketing and advertising
- human resources
- logistics and supply chain management
- finance and accounting
What can you do with a Business or Commerce Degree?
Career Flexibility
From a business owner to a high-powered executive, there are numerous jobs available to those who obtained business or commerce degree. This shows that being a business graduate allows you to keep your options open. Business graduates who are interested in leadership can also opt for supervisory and managerial roles.
Upward Mobility
Being a graduate in this field will open up opportunities to climb the corporate ladder. You will be one step ahead of those who don’t have a degree or have less marketable degree, because employers always seek to hire those with business degrees for managerial roles. This means it can increase your chance to pave your way to future advancement opportunities and have career growth.
Increased earning potential
Many companies look for those with business or commerce degrees to entrust them with high-level decision making positions because of the knowledge and skills which they possess, especially in terms of leadership and management experience. Hence, business and commerce graduates have a good chance to earn better income or negotiate for higher salary when they land into higher position roles that come with more responsibilities and compensations.
General Entry Requirements for Business or Commerce program in Australia
Academic Requirements
| Qualification | Scores |
| STPM | Min. 3 Credits |
| A-Levels | Min. 3 Cs |
| IB Diploma | Min. 24 points |
| Australian Matriculation | Min. ATAR 60 |
| UEC | Min. 6 Cs. |
*NOTE : Different universities may have different entry requirements. For inquiries on specific requirements, contact us now!
Language Requirements
| Qualification | Scores |
| IELTS | Min. 6.5 |
| PTE | Min. 59 |
| TOEFL | Min. 79 |
*NOTE : Different universities may have different entry requirements. For inquiries on specific requirements, contact us now!
Top 5 Universities in Australia to study a Business or Commerce Program based on Times Higher Education 2022
#1 University of Melbourne
The University of Melbourne is a public research university in Melbourne, Australia. The university is well known for their notable alumni including include former prime minister of Australia Julia Gillard, author and academic Germaine Greer, comedian Ronny Chieng and chef, restaurateur and food writer Stephanie Alexander
Melbourne Business School offers bachelor of commerce for undergraduate students who wish to venture into the business field. Students also has the flexibility to choose between six majors based on their interests. These include accounting, actuarial studies, economics, finance, management and marketing. Students will be equipped with the required knowledge and skills to be confident leaders in rapidly changing business environment and to ensure they are ready to enter the business corporate world.
| Times Higher Education Subject Rankings for Business & Management 2022 | No.1 in Australia
No. 33 in the world |
| Programme name | Bachelor of Commerce |
| Intake | February, July |
| Duration | 3 years |
| Indicative Fees (2022) | Contact Us |
For more information regarding the fees, program structure and entry requirements, contact us now for free consultation.
#2 Australian National University
The Australian National University (ANU) is a national research university located in Australia’s capital city, Canberra. The university has is well known to be the only university created by the Parliament of Australia.
Students are also given the opportunity to participate in extracurricular clubs and programmes to network with like-minded students and receive advice on starting their own business. For example, there is a programme called the Global Business Immersion course, which helps students to understand global and cultural practices in businesses. This also includes a visit to one or more countries for up to 11 days which enable students to browse opportunities internationally.
| Times Higher Education Subject Rankings for Business & Management 2022 | No. 2 in Australia
No. 54 in the world |
| Programme name |
|
| Intake | February and July |
| Duration | 3 years (Full-time) |
| Indicative Fees (2022) | Contact Us |
For more information regarding the fees, program structure and entry requirements, contact us now for free consultation.
#3 The University of Queensland
The University of Queensland is a public research university located primarily in Brisbane, the state capital of Queensland. The UQ Business School is home to academies such as the Startup and Social Entrepreneurship academies. Students have the opportunity to attend workshops and mentoring sessions to help them get their business ideas and social enterprises off the ground.
The business course allows students to learn from guest lectures from industry figures as well as getting the opportunities for placement in industrial training or internship. The university heavily emphasizes practical experience and industry engagement, where students will hear from industry experts, examine real-life case studies and have the option to undertake applied projects with leading businesses.
| Higher Education Subject Rankings for Business & Management 2022 | No. 3 in Australia
No. 54 in the world |
| Programme name |
|
| Intake | February, July |
| Duration | 3-4 years (Full-time) |
| Indicative Fees (2022) | Contact Us |
For more information regarding the fees, program structure and entry requirements, contact us now for free consultation.
#4 Monash University
Founded in 1958, Monash University is known to be the largest university in Australia in terms of student numbers. The university is also a member of the Group of Eight, an organisation of Australia’s leading research universities.
The university has student clubs associated with Monash Business School that include the Business and Commerce Students Society, the Computing and Commerce Association and many more. The business school also has links with other business schools around the world to facilitate student exchanges and research partnerships which can benefit the students in terms of networking and intellectual development.
| Times Higher Education Subject Rankings for Business & Management 2022 | No. 4 in Australia
No. 57 in the world |
| Programme name |
|
| Intake | February, July, November |
| Duration | 3 years (Full-time) |
| Indicative Fees (2022) | Contact Us |
For more information regarding the fees, program structure and entry requirements, contact us now for free consultation.
#5 University of Sydney
The University of Sydney is one of the world’s leading, comprehensive research and teaching universities. Having leadership at the core of its values, University of Sydney not only produce excellent graduates with great leadership, but also equipped them with essential skills and qualities that will allow them to serve and contribute to society at all levels.
The University of Sydney Business School provides a distinctive education that prepares the students to become confident graduates with the ability to think critically, collaborate productively and make impactful contributions to the working world. Supported by more than 90 research centres, the university is greatly recognized for their excellence in research for finding solutions to the world’s greatest challenges.
| Times Higher Education Subject Rankings for Business & Management 2022 | No. 5 in Australia
No. 58 in the world |
| Programme name | Bachelor of Commerce |
| Intake | February, August |
| Duration | 3 years (Full-time) |
| Indicative Fees (2022) | Contact Us |
For more information regarding the fees, program structure and entry requirements, Contact Us now for free consultation.
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About The Author
Diyanah
Like a river that keeps flowing, like a tree that absorbs and gives back to the soil and air, we stay curious and learning.