The Bachelor of Commerce, together with other specified membership requirements, satisfies the accreditation requirements of Australian professional associations. Australian professional bodies have links with equivalent bodies throughout the world, so your credentials are portable and recognised internationally.
The Faculty of Business and Economics does not recommend one professional body over another. We encourage you to research prospective employers, explore your career options and compare your preferences with the stated aims of the professional bodies.
The accounting major in the Bachelor of Commerce meets the accreditation requirements of the following professional bodies:
Melbourne Commerce graduates are eligible to apply for associate membership of these associations. To practise as a professional accountant in Australia, graduates must first become a member of one of these professional accounting bodies. Each body has individual requirements to obtain full membership.
The actuarial studies major in the Bachelor of Commerce allows students to undertake studies leading towards qualification as a professional actuary. Actuarial accreditation is granted by the Actuaries Institute Australia, the sole professional body for actuaries in the country.
To qualify as a Fellow of the Institute of Actuaries of Australia, a student must pass or be exempt from three Parts. More information about exemptions from Actuaries Institute exams can be found on the Centre for Actuarial Studies website.
The Centre for Actuarial Studies is fully accredited by the Actuaries Institute. As a result, you can obtain exemptions from Parts I and II of the actuarial professional exams, which lead to the designation Associate of the Actuaries Institute. To qualify as an actuary, you must pass (or be exempt from) three parts of the professional accreditation as prescribed by the Actuaries Institute. The first two parts can be undertaken as a part of the Bachelor of Commerce (Honours) degree.
The University of Melbourne is a CFA Program Partner of the CFA Institute, the world's largest association of investment professionals. The CFA Institute administers the CFA Program and awards the prestigious CFA designation, the best known and most respected investment credential in the world.
This program partnership means that the finance major in the Bachelor of Commerce covers 70 per cent of the Level I CBOK topics, including the CFA Institute ethical and professional standards. Recognition as a CFA Program Partner
confirms that the University curriculum ties closely to professional practice and suitably prepares you for the CFA exams. Participating in the partnering programs entitles you to apply for scholarships and have access to CFA Institute curriculums, journals, webcasts, and other educational resources. You will also have access to a specially prepared online Level I sample exam.
The Finance & Treasury Association gives recognition to finance subjects in the Bachelor of Commerce as part of their membership and accreditation requirements.
The Level-2 subject Introductory Personal Finance appears on the Australian Securities and Investments Commission (ASIC) Training Register.