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A master of commerce degree is an asset for any professional working in the business field who is interested in further gaining knowledge and understanding of how and why strategies in areas from accounting to project management can support an organization’s vision and goals. With this graduate degree, professionals are well-prepared to manage organizations and drive business operations.
Master of Commerce Degree Curriculum
The foundation of a graduate degree program in commerce is to build knowledge and understanding of the economic theories that drive markets and consumers. While the curriculum varies by program, graduates can expect to complete courses that build skills in critical analysis, decision-making, communication, researching, and modeling. Course work is also focused on helping students to build skills in quantitative analysis, understanding the relationship between culture and economic development, and developing an understanding of the impact of environmental conditions on the application of economical theory to commerce.
Specific course work typically begins with advanced courses in microeconomics and macroeconomics. Econometrics and statistics are also often core classes. Advanced mathematics courses are also part of many graduate programs in commerce. Additionally, students will complete courses that might include economics and law, principles of economics for e-commerce, development of capital, and sustainable development in economics.
In some master’s programs, there is also a significant focus on opportunities in international commerce and trade. Some programs also offer course work that is completed globally through internship experience.
Graduate Degree Specializations
In addition to a core curriculum that provides an overview of the areas that affect commerce, graduate programs focusing on commerce also often provide students options for specializations. The specialization within the degree further enhance knowledge and skill in a particular area of commerce, better preparing graduates for specific positions and career fields.
Common specializations associated with a commerce degree at the master’s level include economics, statistical analysis, and finance. Additionally, many educational institutions also offer opportunities to concentrate the degree focus on areas such as e-commerce, human resource management, project management, supply chain management, and marketing.
Degree specializations are also helpful for preparing for various certifications within a particular career focus. Examples of certifications beneficial for students concentrating course work on e-business include the CIW E-Commerce Specialist.
Possible Career Paths for Graduates
Many graduates of a master’s degree program in commerce will pursue positions that are directly related to the specialization or concentration of their respective studies. Graduates can look for career opportunities in private businesses and corporations, at educational institutions, at non-profit organizations, and in government agencies. Possible career positions include e-commerce web developer, project manager, financial consultant, director of finance, manager or director of marketing, director of human resources, business analyst, and international trade developer.
With an understanding of the intricate balance and role that various factors and elements contribute to economics and commerce, graduates of a program in commerce at the master’s level are able to work within various organizations to create, support, and develop business growth. Whether looking to pursue a career in international commerce and trade, economic development, or management, prospective graduate students can consider a master of commerce graduate degree to add to qualifications for a number of positions.
