M.Com Overview
The M.Com course is a two-year postgraduate degree application with an in-depth take look at subjects, such as accounting, commerce, economics, and advancing finance-associated matters. The direction aim is to educate people for powerful control in finance and marketing. The graduates can locate work as Mutual Fund Brokers, Finance Bookkeepers, Budget Analysts, or Business Consultants.
To maintain an M.Com, applicants should have finished their undergraduate research in commerce (B.Com, B.Com Honours) with a minimal rating of 50%. Admissions can be primarily based totally on advantage or entrance examinations, with pinnacle entrance checks which include CUET, IPU CET, and PU CET, amongst others.
M.Com in India may be pursued as a full-time, part-time, distance, or correspondence and online course. There are approximately 3500 personal, authorities, and public-personal M.Com schools in India that offer the course. M.Com topics are designed to offer all essential data to scholars referring to the accounting and trade stream.
The price of pursuing an M.Com course in India typically ranges between INR 10,000-5,00,000. However, the potential M.Com salary in India ranges from INR 2,00,000-10,00,000 per annum, as reported by the Payscale website, making it a lucrative investment yielding substantial returns.
M.Com is famous amongst aspirants who desire to pursue a profession as an instructor or lecturer. For that applicants need to sign up in PhD guides after the crowning glory of the M.Com course.
M.Com Admission Process
The admission to M.Com is based on the merit of a bachelor’s degree in commerce – B.Com from a recognized university or college. It is also based on an entrance exam. The admission process for the M.Com, in brief, is given below.
Eligible candidates are required to submit their application online at the college or university’s website along with scanned copies of the required documents. They have to pay the application fee online.
They can also download the filled-in application form and send it to the concerned department of the university/college along with the required documents and receipt of the application fee payment.
Candidates will be shortlisted based on the merit of the qualifying exam – B.Com.
Some of the universities/colleges conduct entrance tests.
Candidates have to appear for the entrance test conducted by the university or college.
Based on the entrance test result, candidates are invited for counseling/interview.
Selected candidates have to report to the college/university/institute and complete the admission process, which includes, document verification and fee payment.
Document Required For M.Com Course
Original and attested copy of the certificate showing the marks obtained in the last University examination.
Original and attested copy of the character certificate from the Principal of the college last attended.
Original and attested copy of Senior Secondary certificate.
An attested copy of the matriculation or other certificate evidencing the date of birth.
In the case of students coming from another University, a migration certificate from that University. Please note that this document in original is required at the time of admission only.
Three copies of a recent passport-size photograph, duly attested.
Original and attested copy of the Category Certificate (in case of SC, ST, OBC, PWD, and CW category).
M.Com Course Details
M.Com full Form is Master of Commerce
The average fees of the M.Com course range between INR 5,000 to INR 150,000 per annum.
The admissions to the M.Com Courses are done based on both the merit list and entrance examination.
The top M.Com Colleges in India are Hindu College, Delhi, Mithibai College of Arts, Mumbai, Christ University, Bangalore, and many more
The top entrance exams for M.Com Admission are BHU PET, PU CET, AU CET, etc.
Candidates can pursue M.Com Courses in regular, online, distance education mode.
Distance M.Com is suitable for working professionals. The average fees for the M.Com Course in distance mode ranges between INR 5000-INR 138,000.
M.Com Syllabus includes subjects such as Organisation Theory and Behaviour, Economic Analysis, Managerial Accounting, Marketing Management, etc.
Candidates after completion of the course can land jobs in different profiles such as account assistant, cost accountant, business analyst, finance consultant, operation manager, and many more.
The top recruiters are KPMG, PWC, State Bank of India, HDFC Bank, ICRA, etc.
The average starting salary can be around INR 5 LPA across private and government sectors of banking, accounting, finance, and insurance.
Candidates after completion of M.Com can go for higher education such as an MBA, CFA, CA, PhD, etc.
M.Com Eligibility Criteria
M.Com is a popular course among students. To get admission to M.Com, candidates are required to have minimum qualifying marks at the bachelor’s degree level. The detailed admission process is given below:
Admission to an M.Com is based on the score obtained at the degree course – B.Com and the availability of seats.
The candidates must have passed a degree in Bachelor of Commerce (B.Com) from a recognized university, with a minimum of 50 percent.
Types of M.Com degree
M.Com is a postgraduate degree in the commerce discipline. This is a two-year degree course offered by the universities. After completing a two-year degree course, students get an academic degree from the respective university which is designated as a Master of Commerce.
M.Com Course Semester
M.Com Course Semester 1 Syllabus
Paper/course
Advanced Financial Accounting
Indian Financial System
Managerial Economics
M.Com Course Semester Semester 2 Syllabus
Research Methodology
Advanced Cost Accounting
Co – operation
Human Resource Management
M.Com Course Semester Semester 3 Syllabus
Core Group
Advanced Management Accounting
Statistical Techniques
M.Com Course Semester Semester 4 Syllabus
Core Group
International Business Environment
Project
M.Com Specializations
There are various M Com specializations offered in India in both public and private universities. Individuals can choose their desired M.Com Specialisation after considering various factors like course fees, location, colleges and universities offering, rankings, job opportunities, recruiters, industries that recruit law professionals, salary, etc. Popular M.Com specializations are tabulated below:
M Com Accounting & Finance
M Com Banking & Finance
M.Com Business Administration
M Com Accountancy
M.Com Banking
M.Com Taxation
M Com Business Management
M Com Financial Management
M.Com Statistics
M Com Economics
M.Com Marketing
M Com Computer Applications
M Com E-Commerce
M.Com Finance
Types of M Com Courses
M Com (Masters of Commerce) courses are offered through various modes to cater to the diverse needs of students. The types of MCom courses include the following:
Regular/ Full-time Mode:Â In this traditional mode, students attend regular classes at the university or college campus. The course duration is typically two years, and students are required to complete a specified number of credits or modules to earn the degree.
Distance Learning Mode:Â M Com programs are also offered through distance education or correspondence mode. Students receive study materials through mail or online platforms and can study at their own pace while adhering to the course timeline.
Online Mode:Â Many universities now offer M Com courses in a fully online mode, allowing students to access lectures, study materials, and assessments through online platforms. This mode offers flexibility and convenience for working professionals and those unable to attend on-campus classes.
Part-time Mode: MÂ Com courses in part-time mode are designed for individuals who wish to pursue the degree while managing other commitments, such as work or family responsibilities. Classes are often conducted during weekends or in the evenings to accommodate working professionals.
Executive M.Com:Â Some institutions offer an Executive M.Com program, specifically designed for mid-career professionals seeking to enhance their expertise in commerce-related fields without leaving their jobs. These courses are usually offered in part-time or weekend formats.
Dual Degree/ Integrated Programs:Â In some cases, universities may offer integrated programs that combine MCom with other postgraduate degrees or certifications, allowing students to earn dual qualifications simultaneously. It is essential for aspiring M Com students to carefully research the different modes of courses offered by various universities and choose the one that best suits their individual preferences, schedule, and career goals. Each mode has its advantages, and students should select the mode that aligns with their learning style and lifestyle.
Advantages of an M.Com Degree
In-depth Knowledge-Â If an individual pursues a master’s degree he or she gets exposed to a lot of in-depth knowledge about the field. The same applies to someone who will pursue an M.Com. If a student has pursued a bachelor in commerce then an M.Com degree will provide him or her with a lot of knowledge about the areas which they would have studied in the past.
Wider scope-Â After pursuing an M.Com a student has a wider scope in terms of career as well as job opportunities. He or she can get a job easily, especially in the field of finance and accounting.
Further Studies-Â For a candidate who wishes to pursue a PhD in the future he or she can pursue an M.Com before that to have in-depth knowledge of the field.
Careers Opportunities After M.Com Course
M.Com degree holders have ample scope for the job in the finance and corporate sector. After completing the degree, they can choose and apply to various jobs, like operation manager, finance consultant, investment banker, marketing manager, accountant, and business analyst.
The salary offered in various professions varies from sector to sector depending upon the skills, qualifications, experience, and other specific demands of the recruiters. As freshers or at the entry-level the average salary package offered varies from Rs.2 lakhs per annum to Rs. 5 lakhs per annum. The experienced person can earn up to Rs.8 lakhs per annum.
M.Com Job Scope
- Accountant
- Financial Analyst
- Tax Consultant
- Auditor
- Banking and Finance Jobs
- Business Analyst
- Management Accountant
- Treasury Manager
- Insurance Specialist
- Research Analyst
- Teaching and Academia
- Entrepreneurship
- Government Jobs
- Consultancy
- Non-Profit and NGO Jobs
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