M.Com: Course, Admission, Syllabus, Colleges, Jobs, Scope

  • By Bhavya Thakkar
  • 29 December 2021
label

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 Specializations

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

Course Name  Duration
PhD (Doctor of Philosophy) 3-5 Years
MBA 2 Years
PGPM 1-2 Years
PGDM 2 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
Accountant  2.5-3 Lakh
Assistant Manager 6-7 Lakh
Chartered Accountant 8-8.5 Lakh
Business Analyst 6-6.5 Lakh
Share Broker 4-4.5 Lakh
Trader 3-4 Lakh
Researcher  6.5-7 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
Teacher 4-4.5 Lakh
Auditor  4-5 Lakh
Insurance Agent  2.5-3 Lakh
Investment Banker  9-10 Lakh

Top Recruiters for M.Com

Deloitte Citibank
Pricewaterhouse Coopers RBS
SBI  Punjab National Bank
Ernest & Young ICICI Bank
KPMG TCS
TFC Wipro
Samsung Capgemini
P & G Reliance
Infosys IBM
Dell  TATA Motors
Flipkart Amazon

Conclusion

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.

Frequently Asked Questions (FAQs)

Which M.Com specialization is the best?

The selection of specialization in M.Com also depends upon the Bachelors' Degree that one possesses. If you have a specialization in B.Com Accounting or Finance, it is recommended to go for a similar specialization in M.Com. However, some of the best specializations are banking and finance, accounting, and business management.

What is the eligibility for M.Com?

The candidate must have a graduation degree from any recognized university of commerce stream with a minimum aggregate score of 50-60%. 

What is the process of admission for M.Com?

Some colleges give admission based on the merit list, graduation marks, or seats available in the college. On the other hand, few universities and colleges conduct entrance examinations to shortlist the candidates according to the exam's performance or score. 

What is the duration of an M.Com?

Ideally, the M.Com course is of three years with a total of four semesters.

What are M.Com courses?

M.Com or Master of Commerce is a two-year course of post-graduation level that offers in-depth and broader knowledge regarding the commerce stream. The syllabus includes various subjects that are crucial for the economy and business, and it imparts wisdom related to management, economics, accounting, taxation, finance, and many more. Additionally, there is an array of specializations in the M.Com course list that one can choose as per the interests or desirable job profile. 

Why should I do an M.Com?

M.Com opens a door of opportunities for the candidates. There are various career choices that one can make after completing M.Com. If you want to make it big in the BFSI sector, M.Com is necessary. Furthermore, a candidate can become a commerce teacher, banker, accountant, manager, and more after M.Com. 

Does an M.Com have entrance exams?

Yes. Some colleges conduct entrance exams for giving M.Com admissions such as PU CET, PGAT, BHU PET, CUCET, AUCET, SRMCHAT, etc. 

What can I do after an M.Com?

The career prospects after M.Com are PhD, MBA, PGDM, PGPM, CA, CS, CFA, LLB, CFP, ACCA, CPA, FRM, etc. 
apply-now-form-img

Enter a world of possibilities

Apply for a graduate or a post graduate program and shape your career now.