Distance M.Com (Master of Commerce) Course 2024 - Check List of Specialization of Distance M.Com
Update on 20 Sep, 2024
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Master of Commerce or M.Com is a postgraduate course related to the field of commerce. M.Com course is for candidates who want to become an expert in the fields of banking and finance.
The M.Com course duration of 2 years duration and is highly selected by the students as well as the industries in order to hire a deserving candidate in their organization.
The Master of Commerce course offers quality education to the candidates to serve the needs of the managerial cadre in business and industry. After completing these M.com courses, candidates can also go for research and teaching in business studies.
Distance MCom Course: Highlights
| Course Level | Post Graduate |
| Full Form | Master of Commerce |
| Duration of Distance MCom Course | 2 Years |
| Examination Type | Semester-Bases Examinations |
| Eligibility Criteria of Distance MCom Course | 45-50% in Graduation for the Commerce Stream |
| Admission Process of Distance MCom Course | Merit-Based or Entrance Based |
| Distance M.com Course Fees | INR 60,000-1,20,000 |
| Average Salary After Distance MCom Course | INR 4-6 LPA |
| Top Recruiting Companies for M.Com Graduates | Genpact, Accenture, E&Y, HDFC Bank, WNS Global Services, Tech Mahindra Ltd., and others |
| Job Roles After M.Com Course: | Tax Consultant, Accountant, Event Manager, Bank PO, Chartered Accountant, Accountant, Lecturer, and Human Resource Development, etc. |
Distance M.Com Course: Overview
Distance M.Com Course is for candidates who won’t be able to attend regular classes due to some reason. The reason may be that they are doing a job or the college is in a faraway place from their house or they are not comfortable in regular classes and have some other work.
For such students, M.Com Distance Education is suitable. Candidates can get a master’s degree without attending daily classes.
The course duration for distance M.Com is 2 years. The duration of the course is the same for both the distance as well as the regular mode of education. This distance M.Com course helps the candidates in many ways.
It is helpful for the students who are doing some jobs or planning for some other work. The degree of the distance Master of Commerce course will be the same for both the regular and distance course.
After completing the correspondence M.Com course, candidates can apply for certain jobs based on the degree that will be provided to them after completing the course.
A list of job profiles after completing the MCom course is given in this article. Must read this article for detailed information about the M.Com course and distance M.Com course.
M.Com course can only be pursued by the candidates who are graduated from a commerce background, i.e., have done B.Com, B.Com Hons with a minimum of 50% aggregate marks.
There are basic M.Com admission eligibility criteria that are followed in almost all the colleges and universities in India. Admission to the M.Com course is purely based on the Entrance Exams. The entrance exams also consider the Bachelor’s degree marks.
After completing this course, candidates will be able to learn different skills such as logical reasoning, communication skills, analytical skills, business management skills, mathematical and statistical knowledge, teaching, and research skills.
Candidates who are interested in the field of teaching, lecturer, professor, or if they want to pursue higher education (Ph.D.) can apply for this course.
Exposure to M.Com (Master of Commerce) Course
- A Master of Commerce is a degree that enables candidates to grow in the corporate and finance sectors of the industry. The MCom course covers the study of macroeconomics, accounting, business principles, and many more such topics. The M.Com course is divided into 4 semesters.
- The M.Com course mainly focuses on students who are genuinely interested in the teaching and research field of commerce. This course provides them a platform to increase their knowledge and qualification to pursue a Ph.D. or any other relevant research degree after completing the course.
- M.Com graduates will have job opportunities in almost every sector of the economy. Some of the top recruiters of M.Com graduates are Dell, Infosys, Capgemini, and others. Besides this, there is no age bar to pursuing an M.Com degree.
- After completing the MCom course, candidates can appear for competitive exams like the civil services exams or exams related to finance and accounting requirements like income tax, CAG, or excise departments.
Best Career Options After MCom Course
There are several reasons for a candidate to pursue M.Com.
Some of the interesting reasons are given below:
- After completing the M.Com course, candidates will get exposure to higher-paid private and government jobs.
- Candidates will get the opportunity to experience the industry related to research, teaching, and others.
- It is a professional job-oriented postgraduate degree that helps the candidates to increase their skills, knowledge, and ability in all or one of the many fields of commerce like Accounting, Finance, Finance Management, Corporate Finance, Banking, Income Tax, Insurance, etc.
Eligibility Criteria for Distance MCom (Master of Commerce) Course
The basic eligibility criteria to pursue the M.Com course are given below:
- Candidates have to score a minimum of 50% aggregate in B.Com or BCom Hons or equivalent from a recognized university.
- Some universities also consider candidates who have completed their Bachelor’s degree in Economics & Statistics, BFIA, BBS Course, and BBE Course with a minimum aggregate score of 60% or equivalent from a recognized university.
- Candidates who belong to the reserved category are unrestricted to mark relaxation of up to 5% in government universities.
Admission Process for MCom in Distance Course
For taking admission into the M.Com in distance course, candidates must have passed a Bachelor's degree from a recognized university with a good percentage of marks, i.e., more than 40% aggregate. The selection of the candidates for admission in the M.Com correspondence Course is done based on the marks secured in the qualifying degree.
Distance M.Com Course Admission Process is quite simple as candidates can apply online to their preferred college and fill the application form. For applying through offline mode, simply visit the college and fill out the application form. There are several colleges in India that offer distance Education M.Com courses, just select your college and apply through the online M.com Course or offline mode.
- To take admission to the M.Com course, candidates have to give an entrance examination which is usually MCQ-based. The entrance exam tests the candidate’s knowledge and background in commerce.
- Top M.Com Universities such as Banaras Hindu University, Delhi University, Christ University, etc. organize a national level examination for admission into their PG courses.
- Therefore, to take admission to the M.Com course, candidates have to apply for the entrance exam. Based on the performance in the exam, candidates are offered admission or succeeded in the next round of the admission process, i.e., Counselling or Group Discussion and/or Personal Interview.
- A merit list is released by the colleges on the basis of which candidates are given admissions.
In case, if any student is applying to an institute that gives admission on a merit-based, like in many private universities such as Chandigarh University, Amity University, LPU, etc., then the candidates have to simply visit the institute’s website and fill up the online application form.
Candidates can also fill out the application form offline by simply visiting the institute and filling up the form:
Step 1: Go to the college website and register yourself and login to your account.
Step 2: Read all the instructions carefully and fill up the application form.
Step 3: Upload the relevant documents.
Step 4: Go through the application form before submitting it.
Step 5: Submit the final payment of the application fee.
List of MCom Entrance Exams
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Delhi University M.Com Entrance Exam: This entrance exam is conducted by Delhi University every year to take admission of the candidates into its many colleges offering M.Com course. A merit list is released having all the affiliated colleges cut off and on the basis of the student’s performance, they will be given admission into the college whose cut-off is cleared.
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BHU PET: BHU PET is a university-level national examination that is organized by the Banaras Hindu University (BHU). The purpose of this exam is to take admission of the candidates into PG courses, including M.Com. Every year thousands of candidates appear for this exam across several exam centers all over India.
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PU CET (PG): PU CET is a state-level entrance exam which is organized by the Punjab University, Chandigarh. The purpose of this exam is to take admission of the candidates into its various PG courses and programs in different fields such as science, management, commerce, etc. Every year this exam is conducted in the month of May and June through the offline mode.
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CUCET: CUCET is a national-level examination conducted jointly by ten central universities. This entrance exam is conducted by the Central University of Rajasthan (CURAJ) in the month of April-May every year. CUCET exam offers admission into various UG, PG, Diploma & Ph.D. programs of the participating universities and colleges.
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Allahabad University PGAT: PGAT is a state-level entrance exam that is conducted by the University of Allahabad every year to offer admission to its different PG level courses. The mode of the PGAT exam is usually through the offline mode whose application process starts in the month of March-April every year.
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AUCET: AUCET is a state-level entrance exam which is conducted by Andhra University, Visakhapatnam. This entrance exam offers admission only in PG courses. The affiliated colleges are Dr. BR Ambedkar University, Srikakulam, along Andhra University. AUCET exam is usually conducted in the month of May-June every year through the offline mode.
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SRMHCAT: SRMHCAT is SRM Common Admission Test which is conducted by SRM University. The purpose of this entrance exam is to offer admission to management, engineering, and commerce courses at the UG & PG levels. SRMHCAT is an aptitude-based MCQ test of 150 minutes, therefore the syllabus is the same for all the courses.
How to Prepare for MCom Entrance Exam?
Mostly the entrance exams ask questions that are objective in nature, i.e., objective-type questions, and are completely Aptitude Based exams.
The M.Com entrance exam generally covers 4 sections which are as follows:
- General Knowledge
- Logical Reasoning
- Quantitative Aptitude
- English
Some of the entrance exams also ask graduation-related questions in paper format. Such entrance exams are a maximum of 100-200 marks. This depends on the test to test. After clearing the entrance exams, candidates will be selected for the group discussion and personal interview session (or counseling).
If candidates clear all the required rounds, then a merit list will be released by the college on the basis of which admission will take place.
Given below are some tips that will help to qualify M.Com Entrance Exam:
- Try to make separate notes for each subject such as Taxation, Accountancy, Insurance, Banking, etc.
- Keep updated about the current affairs for the general awareness section.
- Practice from sample papers will help to understand the exam pattern and also help in time management.
- Practice at least 4-6 Mock Tests so that you will be comfortable with the type of questions that you will face in the exam.
- For the Aptitude section, your logical reasoning and quantitative ability should be strong.
- Self-study is the most important factor in the preparation of any exam, so stay focused and give your best.
Master of Commerce (M.Com) Course Syllabus
There are several subjects that are taught in the M.Com course, however, during the first year of the course, the same subjects are taught to the candidates in all the course M.com specializations. In the second year, students who have selected their M.com specialization have to choose a set of elective subjects that are offered in the M.Com Course Syllabus.
Given below is the list of all the compulsory subjects and elective subjects that students have to choose from for their course. Have a look.
M.Com Compulsory Subjects:
- Business Environment
- Accounting and Managerial Decisions
- Computer Applications in Business
- Corporate Legal Environment
- Corporate Financial Accounting
- Corporate Tax Planning
- E-Commerce
- Economics of Global Trade and Finance
- Management Concepts and Organization Behaviour
- Managerial Economics
- Financial Management
- Strategic Management
- Marketing Behaviour
- Statistical Analysis
M.Com Elective Subjects:
- Entrepreneurial Management
- Banking and Finance
- Commercial Bank Management
- Financial Markets
- Human Resource Management
- Financial Bank Management
- International Finance
- Research Methodology in Commerce
- Investment Management
- Income Tax
List of Specializations in M.Com Course
There are several M.Com specializations in the commerce field. The M.Com courses list deals with a wide range of research and study.
Some of the M.Com Specialisations are given below:
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M.Com Computer Applications: Computer applications provide both theoretical knowledge and practical exposure to the computer applications world. This part mostly deals with the software designed to help the users to get easy accessibility of applications. Candidates can pursue M.Com Computer Applications Course from the colleges such as Annamalai University, NIMS University, Kakatiya University, etc.
|
Average Fees |
INR 40,000 |
|
Average Salary |
INR 5,00,000 |
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M.Com Accounting and Finance: M.Com Accounting and Finance focuses more on the accounting sector & Finances of the economy. It offers a detailed study of accounting principles and other finance-related subjects. To get admission to M.Com Accounting and Finance field, candidates can apply to colleges like Mount Carmel College, NIMS University, etc.
|
Average Fees |
INR 1,00,000 |
|
Average Salary |
INR 4,00,000 |
-
M.Com Taxation: M.Com Taxation course deals with taxation problems, tax reviews, tax-related literature, and others. After completing this course, candidates can get into jobs like financial analysts, tax collectors, business analysts, and alike.
|
Average Fees |
INR 1,20,000 |
|
Average Salary |
INR 6,00,000 |
-
M.Com Finance: M.Com Finance looks after the financial issues of the organization like budgeting and other finance-related issues. It encompasses subjects such as Banking & Technology, Financial Accounting, and Packages, Portfolio Management, Insurance and Risk Management, etc.
|
Average Fees |
INR 2,00,000 |
|
Average Salary |
INR 5,00,000 |
-
M.Com Human Resource Management: M.Com Human Resource Management deals with the study of human resource development and the areas relevant to the topic of human resource behavior in an organization.
|
Average Fees |
INR 30,000 |
|
Average Salary |
INR 4,00,000 |
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M.Com Marketing: Marketing is pursued worldwide and its application is used in the field of business and management. M.Com Marketing deals with a practical-based project and gives all the technical knowledge and skills which are needed for marketing in the field of commerce and finance.
|
Average Fees |
INR 80,000 |
|
Average Salary |
INR 6,00,000 |
Top Colleges for M.Com (Master of Commerce) Course
| Rank | Colleges | Admission Mode | Fees | Package |
| 2 | Hindu College, New Delhi | Merit-Based or Entrance Exam | INR 30,000 | INR 5 LPA |
| 3 | Presidency College, Kolkata | Merit-Based | INR 1700 | INR 3.5 LPA |
| 6 | Loyola College, Chennai | Merit-Based | INR 20,000 | INR 5 LPA |
| 7 | Shri Ram College of Commerce (SRCC), New Delhi | Merit-Based or Entrance Exam | INR 60,000 | INR 9.48 LPA |
| 9 | Hansraj College, New Delhi | Merit-Based or Entrance Exam | INR 35,000 | INR 5.5 LPA |
| 13 | Madras Christian College, Chennai | Merit-Based | INR 30,000 | INR 3 LPA |
| 39 | St. Joseph’s College, Bangalore | Merit-Based | INR 1,50,000 | INR 3 LPA |
| 58 | Stella Maris College for Women, Chennai | Merit-Based | INR 40,000 | INR 4 LPA |
| 87 | Sri Guru Gobind Singh College of Commerce, New Delhi | Merit-Based or Entrance Exam | INR 30,000 | INR 6 LPA |
Top Colleges for M.Com Distance Education
| Name of the Colleges | Location | Average Fees |
| IGNOU | New Delhi | INR 7000 |
| SRM University (Distance Education) | Chennai | INR 16,000 |
| IDOL Mumbai University | Mumbai | INR 12,000 |
| SOL Delhi University | New Delhi | INR 10,000 |
| LPU Distance Education | Jalandhar | INR 38,000 |
| Mahatma Gandhi University, School of Distance Education | Kottayam | INR 5000 |
| Annamalai University Distance Education | Annamalai | INR 7000 |
| Karnataka State Open University (KSOU) | Mysore | INR 13,500 |
M.Com Reference Books & Recommended Authors
| Name of the Book | Name of the Author |
| Business Taxation | Radhakrishnan P |
| Principles of Accounting | Dixon Cooper, Mitchell Franklin, and Patty Graybeal |
| Cost Accounting | M.P Gupta |
| Financial Accounting | R. Narayanaswamy |
| Financial Management | I.M. Pandey |
Job Opportunities After M.Com Course
After completing the M.Com course successfully, candidates can get into the field of commerce, many corporate companies, e-commerce companies, finance companies, constancies, banks, and insurance agencies required M.Com graduates to work efficiently.
Jobs Profile & Salary Packages for M.Com Graduates
The average salary packages that will be offered to any M.Com graduate is around INR 5-10 LPA. Candidates can apply for both private and government jobs with this degree.
| Job Profile | Lowest Package | Average Package | Highest Package |
| Business Analyst | Up to INR 2.76 Lakhs | Up to INR 6.1 Lakhs | Up to INR 10 Lakhs |
| Account Assistant | Up to INR 1.21 Lakhs | Up to INR 2.16 Lakhs | Up to INR 4.12 Lakhs |
| Investment Banker | Up to INR 3.43 Lakhs | Up to INR 9.4 Lakhs | Up to INR 50 Lakhs |
| Marketing Manager | Up to INR 2.9 Lakhs | Up to INR 7.17 Lakhs | Up to INR 20 Lakhs |
| Operations Manager | Up to INR 3.01 Lakhs | Up to INR 7.8 Lakhs | Up to INR 20 Lakhs |
| Finance Consultant | Up to INR 1.97 Lakhs | Up to INR 6.5 Lakhs | Up to INR 20 Lakhs |
| Company Secretary | Up to INR 2.9 Lakhs | Up to INR 5.84 Lakhs | Up to INR 10 Lakhs |
| Chartered Financial Analyst | Up to INR 3.01 Lakhs | Up to INR 6.65 Lakhs | Up to INR 20 Lakhs |
Top Recruiters for MCom Course Graduates
The average salary in such companies varies depending upon the candidate’s capabilities and skills. Top Recruiters for M.Com Course Graduates give the average salary can be around INR 4-10 LPA or more if a student has more than 3 years of experience.
As a Manager, the average salary will be between INR 6-15 LPA in these top companies, consultancies, and banks.
- Punjab National Bank
- HDFC Bank
- SBI
- KPMG
- Price Waterhouse
- Ernst & Young
- ICICI Bank
- Amazon
- HCL
- Deloitte
- PwC
- Grant Thornton
- Lodha & Co.
- SS Kothari Mehta & Co.
- TFC
- Price Water House Cooper
- IndusInd Bank
- Citibank
Future Scope of M.Com Course
Students can choose various fields after completing the M.Com course. They can go for research, teaching, or other industry specializations for their future goal.
Given below are the courses that a candidate can choose after completing the M.Com course:
- CFA (Chartered Financial Analyst)
- CA (Chartered Accountancy)
- CFP (Certified Financial Planner)
- MBA (Master of Business Administration)/PGDM (Post Graduate Diploma in Management) /PGPM (Post Graduate Program in Management) to enter the corporate industry
- Ph.D.(Doctor of Philosophy) in Statistics, economics, Accountant, Finance, etc.
- CMA (Certified Management Accountant), and others
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