Distance M.com Course, Admission, Fees, Colleges, Eligibility, Syllabus, Jobs, Scope & Career
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Distance M.com Course, Admission, Fees, Colleges, Eligibility, Syllabus, Jobs, Scope & Career

10 Jul,2020

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5 min read read

Distance M.com Course: About

Master of Commerce or M.Com is a postgraduate course related to the field of commerce. M.Com course is for the candidates who want to become an expert in the fields of banking and finance. The M.Com course is 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 M.Com course offers quality education to the candidates to serve the needs of the managerial cadre in business and industry. After completing this course, candidates can also go for research and teaching in business studies.

M.Com course can only be pursued by the candidates who are graduated from the commerce background, i.e., have done B.Com, B.Com Hons with a minimum of 50% aggregate marks. These is the basic M.Com admission eligibility criteria that are followed in almost all the colleges and universities in India. The admission in 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. The candidates who are interested in the field of teaching, lecturer, professors, or if they want to pursue higher education (Ph.D.) can apply for this course.

Distance M.Com Course:

Distance M.Com Course is for the 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, the distance M.Com course 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 M.Com course will be the same for both the regular and distance course.

After completing the distance 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 M.Com course is given in this article. Must read this article for the detailed information about the M.Com course and distance M.Com course.

M.Com Course Highlights

Course Level

Post Graduate

Full-Form

Master of Commerce

Duration of the M.Com course (Regular/ Distance)

2 years

Examination type

Semester Based Examinations

Eligibility

45-50% in graduation from a commerce stream

Admission Process

Merit-based/ Entrance-based

Course Fee

INR 60,000-1,20,000

Average Salary

INR 4-6 LPA

Top Recruiting Companies

Genpact, Accenture, E&Y, HDFC Bank, WNS Global Services, Tech Mahindra Ltd.,  and others

Job Positions

Tax Consultant, Accountant, Event Manager, Bank PO, Chartered Accountant, Accountant, Lecturer, and Human Resource Development, etc.

What is M.Com Course?

  • Master of Commerce is a degree that enables the candidates to grow in the corporate and finance sectors of the industry. The M.Com course covers the study of macro-economics, accounting, business principles, and many more such topics. The M.Com course is divided into 4 semesters.
  • The M.Com course mainly focuses on the students who are genuinely interested in the teaching and research field in 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 pursue an M.Com degree.
  • After completing the M.Com 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.

Why M.Com Degree?

There are several reasons for a candidate to pursue M.Com. Some of the interesting reasons are given below. Have a look.

  • After completing the M.Com course, candidates will get exposure to the 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.

M.Com Specializations:

There are several M.Com specializations in the commerce field. The M.Com course deals with a wide range of research and study.

Some of the M.Com Specialisations are given below. Have a look.

  • 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 from the colleges such as Annamalai University, NIMS University, Kakatiya University, etc.

Average Fees

INR 40,000

Average Salary

INR 5,00,000

  • 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 in 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

  • 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

What are the Eligibility Criteria for M.Com?

The basic eligibility criteria to pursue the M.Com course are given below.

  • Candidates have to score a minimum of 50% aggregate in BCom 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, and BBE with a minimum aggregate score of 60% or equivalent from a recognized university.
  • Candidates who belong to the reserved category are unrestricted to marks relaxation of up to 5% in government universities.

Admission Process for M.Com (Regular)

  • 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. organizes a national level examination for admission into their PG courses.
  • Therefore, to take admission in the M.Com course, candidates have to apply for the entrance exam. Based on the performance in the exam, candidates are offered admissions or succeeded in the next round of 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 in an institute that gives admission on the 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 the application form offline by simply visiting the institute and filling up the form.

The process for filling the application form is as follows:

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.

M.Com Entrance Exams:

  1. Delhi University M.Com Entrance Exam

This entrance exam is conducted by the Delhi University every year to take admission of the candidates into its many colleges offering M.Com courses. 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.

  1. 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.

  1. 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.

  1. 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.

  1. Allahabad University PGAT

PGAT is a state level entrance exam which 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.

  1. AUCET

AUCET is a state level entrance exam which is conducted by the Andhra University, Visakhapatnam. This entrance exam offers admission only in PG courses. The affiliated colleges are Dr. BR Ambedkar University, Srikakulam, along with the Andhra University. AUCET exam is usually conducted in the month of May-June every year through the offline mode.

  1. SRMHCAT

SRMHCAT is SRM Common Admission Test which is conducted by the SRM University. The purpose of this entrance exam is to offer admission in management, engineering, and commerce courses of UG & PG level. SRMHCAT is an aptitude based MCQ test of 150 minutes, therefore the syllabus is the same for all the courses.

How to Prepare for the M.Com Entrance Exams?

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 the 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 which 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 focussed and give your best.

Admission Process for Distance M.Com Course:

For taking admission into the Distance M.Com 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 Distance M.Com Course is done based on the marks secured in the qualifying degree.

Candidates can apply online to their preferred college and fill the application form. For applying through the offline mode, simply visit the college and fill the application form. There are several colleges in India which offers distance M.Com course, just select your college and apply through the online or offline mode.

Top Colleges for M.Com

Rank

College Name

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/ Entrance Exam based

INR 30,000

INR 6 LPA

M.Com Distance Education

Name

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 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 specializations. In the second year, students who have selected their specialization have to choose a set of elective subjects that are offered in the M.Com course.

Given below is the list of all the compulsory subjects and elective subjects that students have to choose 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

M.Com Course Books

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

M.Com Jobs:

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, insurance agencies required M.Com graduates to work efficiently.

M.Com Jobs & Career:

The average salary that will be offered to any M.Com graduate is around INR 5-10 LPA. Candidates can apply for both the 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:

  • 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

The average salary in such companies varies depending upon the candidate’s capabilities and skills. 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.

Future Scope:

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. Have a look.

  • 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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