Master of Commerce or M.Com is one of the most preferable and versatile post-graduation courses. One can pursue this course in regular/full-time, part-time, correspondence, distance, or online mode. There is a bounty of colleges in India that offer M.Com courses. In particular, aspirants willing to make a career in accounting, banking, and financial sectors opt for M.Com. Besides, the M.Com candidates can quickly work in different sectors of the economy.
Another great thing to consider about the M.Com is the broader career opportunities. Likewise, after completing M.Com, there are fair chances of the candidate getting a salary that is twice the initial investment.
About M.Com Course
M.Com is a post-graduation course with a duration of two years. It focuses on imparting practical knowledge regarding commerce and its interlinked sectors. Precisely, it emphasizes segments such as banking, finance, insurance, accounting, economy, taxation, revenue, capital, and management.
Besides, M.Com enriches the candidate's calibre to meet the business and managerial industry requirements. By doing M.Com, the candidate can enter into diverse types of fields. Moreover, this course helps enhance qualitative and quantitative skills. Further, the M.Com course aids in improving analytical understanding, communication and leadership skills, business management effectiveness, and research/statistical literacy.
M.Com Course Details
The University Grants Commission or UGC recognizes M.Com. It is one of the most popular courses candidates opt for after graduation. From BFSI to the teaching sector, the demand for M.Com degree holders is constantly increasing. Here are the M.Com course details that you need to know before enrolling!
|M.Com Full From||Master of Commerce (M.Com)|
|M.Com Courses||M.Com in Finance, M.Com in Banking & M.Com in Business ManagementM.Com in Economics and M.Com in Accounting|
|M.Com Duration||Two Years|
|M.Com Eligibility||Bachelors’ Degree preferably in B.Com with an aggregate of 50-60%|
|M.Com Admission Process||Merit-Based or Entrance Exam Performance|
|M.Com Fees||5,000 to 1,50,000 approximately|
|M.Com Salary||4-5 Lakh per annum|
|M.Com Colleges||Hindu College, Christ University, Mithibai College of Arts, Shri Ram College of Commerce|
|M.Com Entrance Exams||BHU PET, PU CET, CUCET, AUCET, PGAT, etc.|
|M.Com Jobs||Accountant, Finance Executive, Bank Manager, Insurance Agent, Investment Banker|
Generally, M.Com consists of four semesters. However, one can also opt for a particular specialization while pursuing an M.Com. The subjects will vary as per the specialization. The same topics are taught to the candidates in the first year, irrespective of the specialization. The students have to select elective subjects in the second year in case of any specialization. In a few instances, an internship is also required during the final semester of the course. Below-mentioned is the M.Com course details as per the syllabus.
|Business Environment||Corporate Financial Accounting|
|Corporate Tax Planning||Marketing Behavior|
|Management Concepts and Organization Behavior||Economics of Global Trade and Finance|
|Strategic Management||Computer Applications in Business|
|Accounting and Managerial Decisions||E-commerce|
|Corporate Legal Environment||Managerial Economics|
|Financial Management||Statistical Analysis|
Most Common M.Com Elective Subjects
|Banking and Finance||Financial Markets|
|Entrepreneurial Management||Human Resource Management|
|Commercial Bank Management||International Finance|
|Income Tax||Research Methodology in Commerce|
|Financial Bank Management||Investment Management|
Why an M.Com?
Many graduates pursue M.Com due to their financial prospects and career opportunities. Similarly, a variety of specializations available for M.Com allows the candidate to make a career in diverse industries. Mentioned below are a few benefits of pursuing an M.Com:
- More significant Job Opportunities: Most sectors in the economy hire M.Com candidates for respectable positions in the organization. Along with that, a decent amount of salary is also given. Further, the BFSI sector is witnessing significant growth, thus generating more jobs for the M.Com aspirant.
- Considerable Salary: Usually, the M.Com candidates are selected for the posts such as investment banker, financial manager, or accountant. Such positions are highly paying and eventually give a great kick start to one's career in the initial stages. The average salary after competing M.Com ranges around 3-4 lakh per annum and can go up to 14 lakh per annum.
- Choice of Specialization: The M.Com course list provides an opportunity to the candidates to select a specialization such as finance, banking, accounting, marketing, etc. Ultimately, a specialization boosts the job prospects for the students in specific fields.
- A BackupBackup Option: After graduation, most students opt for professional courses such as CA, CS, CMA, and more. The chances of clearing these examinations are comparatively fewer due to the challenging syllabus. Hence, pursuing M.Com can be a backup option for such students.
- Beneficial for Teaching Sector: The students who want to become commerce teachers primarily go for an M.Com degree. This is because M.Com is necessary for pursuing different PhD programs. Likewise, M.Com also prepares the candidates for doctorate-level courses in the commerce field.
- Enhancement of Managerial Acumen: M.Com imparts knowledge and understanding of business and human resource management. Therefore, it enriches the candidate’s capabilities to manage the financial growth and functioning of the company.
Who should do an M.Com?
The aspirants wishing to take up their career in the commerce segment should take up the course. Other than it, the candidates looking forward to working in Banking, Financial Service, and Insurance or BFSI sector must go for the M.Com. Moreover, any student who wants to secure a job at big MNCs at managerial positions must consider M.Com after graduation.
The students who dream of becoming investment bankers, financial executives, accountants, business managers, and auditors should apply for M.Com. Apart from it, an M.Com also aids in working as a commerce teacher. Last but not least, M.Com is beneficial for budding entrepreneurs as it provides a fair idea of successfully running a business.
M.Com Eligibility Criteria
- The candidate must hold a degree in B.Com (Honors)/B.Com or equivalent from any recognized university. Nevertheless, the minimum aggregate should not be less than 50%
- Some universities or colleges also consider the students with bachelor' Degree in fields such as Economics/Statistics, BBE, BFIA, and BBS from any recognized university. The minimum aggregate score should not be below 60%.
- The government universities provide relaxation of around 5% to the students from reserved categories.
- Suppose the college or university conducts an entrance test. In that case, the admission eligibility will be decided on merit or performance/score in the exam.
M.Com Admission Process
- In most colleges, M.Com admissions are based on merit or entrance examination scores.
- For admission through merit, the student's graduation score will be considered.
- If there is an entrance examination, the admission will depend on the score and number of seats available in the college.
- Once the admission is finalized, the student must submit all relevant documents, such as the 10th and 12th standard mark sheet and graduation results.
Required Skills for an M.Com
- Strong analytical skills with efficient quantitative and qualitative aptitude
- A knack to reminisce the relevant facts/figures
- Capabilities to work under pressure
- Effective communication skills
- Good leadership qualities
- Basic yet relevant knowledge related to the BFSI sector
- Should know how to use computers
|M.Com in Accounting and Finance||M.Com in Taxation|
|M.Com in Banking||M.Com in Mathematics|
|M.Com in Banking and Finance||M.Com in Business Management|
|M.Com in Marketing||M.Com in Economics|
|M.Com in Accounting||M.Com in Statistics|
|M.Com in Finance||M.Com in Finance and Control|
|M.Com in Computer Application||M.Com in E-commerce|
M.Com Entrance Exams in India
- BHU PET: It is a national-level examination led by the Banaras Hindu University for granting admission in PG courses
- PU CET (PG): Punjab University conducts this exam at the state level for providing admissions in different PG programs in various fields
- CUCET: The Central University of Rajasthan arranges this examination at the national level in collaboration with ten central universities for admission in wide-ranging UG, PG, PhD, and diploma programs
- Delhi University M.Com Entrance Exam: Delhi University conducts this examination annually for admitting candidates into its affiliated colleges that offer M.Com courses. A merit list is made along with the colleges' cut-off to select the candidates.
- Allahabad University PGAT: It is a state-level examination organized by the University of Allahabad to shortlist the candidates for admission in its different PG programs.
- SRMHCAT: The SRM Common Admission Test is led by the SRM University for granting admissions to students in engineering, management, and commerce programs of UG and PG level.
- AUCET: Andhra University conducts this exam at the state level to select students for admission into its affiliated colleges for PG courses. Dr B.R Ambedkar University also falls under the list of affiliated education institutions for AUCET.
M.Com Entrance Exams Syllabus
The syllabus for M.Com comprises quantitative aptitude along with verbal and non-verbal reasoning. Apart from that, it also includes business studies and accountancy. Current affairs and basic computer knowledge also come under the M.Com syllabus for entrance exams. The paper is MCQ-based with negative marking as well.
Top Colleges for M.Com in India
|Name of Colleges||Average Fee (INR)|
|Shri Ram College of Commerce (SRCC), New Delhi||29,400|
|Hansraj College, New Delhi||17,304|
|Atma Ram Sanatan Dharma College, New Delhi||11,771|
|Hindu College, New Delhi||18,310|
|Delhi University, New Delhi||5,140|
|Ramjas College, New Delhi||14,284|
|Narsee Monjee Institute of Commerce and Economics, Mumbai||32,000|
|St, Andrew’s College of Arts, Science, and Commerce, Mumbai||16,125|
|Mumbai University, Mumbai||2,226|
|Loyola College, Chennai||11,580|
|Presidency College, Chennai||870|
|Queen Mary’s College Chennai||592|
|SRM Institute of Technology, Kattankulathur, Chennai||35,000|
|Christ University, Bangalore||75,000|
|St. Joseph’s College Bangalore||78,500|
|T John Institute of Management and Science, Bangalore||72,000|
|Symbiosis College of Arts and Commerce, Pune||40,511|
|MIT World Peace University, Pune||50,000|
|Dr D.Y. Patil Arts, Science, and Commerce College, Pimpri, Pune||22,080|
|JD Birla Institute, Kolkata||62,600|
|Goenka College of Commerce & Business Administration, Kolkata||1,485|
Courses after M.Com
|PhD (Doctor of Philosophy)||3-5 Years|
|LLB (Bachelor of Law)||3 Years|
|CA (Chartered Accountant)||3 Years|
|CS (Cost Accountant)||3 Years|
|CFA (Chartered Financial Analyst)||4 Years|
|CFP (Chartered Financial Planner)||3 Years|
|FRM (Financial Risk Manager)||1.5-2 Years|
|CPA (Public Accounting)||7-12 months|
|ACCA (Association of Chartered Certified Accountants)||2 Years|
Jobs and Salary after M.Com
|Job Prospects||Average Salary|
|Assistant Manager||6-7 Lakh|
|Chartered Accountant||8-8.5 Lakh|
|Business Analyst||6-6.5 Lakh|
|Share Broker||4-4.5 Lakh|
|Finance Manager||9-10 Lakh|
|Market Analyst||4.5-5 Lakh|
|Risk Analyst||5-6 Lakh|
|Cost Accountant (CA)||6-7 Lakh|
|Company Secretary (CS)||5.8-7 Lakh|
|Finance Executive||4-5 Lakh|
|Cashier or Teller||2-3 Lakh|
|Bank Manager||7-8 Lakh|
|Securities Analyst||5-6 Lakh|
|Wealth Manager||7-7.5 Lakh|
|Insurance Agent||2.5-3 Lakh|
|Investment Banker||9-10 Lakh|
Top Recruiters for M.Com
|SBI||Punjab National Bank|
|Ernest & Young||ICICI Bank|
|P & G||Reliance|
The Master of Commerce (M.Com) course is offered in colleges across India, designed to enhance one's skill and knowledge in commerce, finance, management, accounting and economics, and other related areas.