Masters of Commerce (M.Com) Course

Masters of Commerce is a postgraduate academic degree which is awarded after successful completion of the 2-year program. Generally, aspirants choose M.Com after their completion of Bachelor of Commerce. M.Com degree serves as a foundation for further advanced areas such as PhD and M.Phil degree in Commerce. The duration of M.Com course is 2-years. Study of M.Com degree provides an insight into commerce, management, and economics as a whole. It is a specialized course which trains applicants for a career in the finance and corporate sector.

The Master Degree Course Comprises The Study Of Principles Of:

➢ Accounting

➢ Economic theory

➢ Micro and macroeconomics

➢ Money and banking systems

➢ Knowledge of business

➢ Trade and its characteristics

➢ Politics

It is a notch higher than a Bachelor degree in Commerce and helps build an in-depth knowledge about various commerce and trade practices, to be utilized in the ever-changing business world. Renowned and acknowledged banks like Standard Chartered Bank, Yes Bank, Manchester Bank are some of the major recruiting and employment partners for M.Com professionals. Enchanting the routes of trades in the '90s was a major boon for the Economic sector in terms of growth and employability, and that's being one of the reasons to pursue Masters in the field of Commerce.

Why choose Masters of Commerce?

There is no business which does not need an accountant. Corporate financial accounting and Corporate Tax Planning are one of the necessities of the modern day business sector in terms of auditing the financial sector in the organization. Accounts Assistant, Accountant, Business Analyst, Financial Analyst job profiles, are some of the major recruitments being conducted in the campuses of Commerce in terms of employability perspective. In the era of startups and growth of entrepreneurship, designations such as Market Analyst, Operations Manager carries a huge responsibility and are in-demand which can be filled by the M.Com professional. Learners can either pursue their career or further study in Statistics, Taxation, Accounting & Finance, Banking, Insurance etc. Law school is a very common destination nowadays for recent postgraduates in Commerce.

Eligibility Criteria:

• The basic eligibility criteria for pursuing M.Com degree is to have a graduation degree in Commerce stream. As an alternative criterion, many universities accept any graduation degree with Honours in Economics or Business/Management Studies for admission to their M.Com degree.
• A handful of reputed institutions and universities demand a minimum of 45-50% aggregate marks in graduation as a qualifying criterion to secure admission in their M.Com Degree course.
• Selection of the applicant seeking admission to the degree course in these colleges is based on marks secured in the final merit i.e, total marks aggregated in the final exams of graduation and the entrance exam.

Admission Procedure:

The aspirants can register for M.Com in their desirous college through Online/ Offline mode.

• Online Mode: The candidate has to log in to the official website of the college and fill in the important details.
• Offline Mode: The candidate has to buy the application form from the college campus and fill in the details and submit it there.

After filling in the application form the candidate will be selected according to the guidelines provided by the college. The candidate has to fulfil all the eligibility criteria to get selected for the personal interview round. After completed all the selection rounds, the candidate will get the results regarding the admission.

Entrance Examination for Master of Commerce:

1. Acharya Nagarjuna University M.Com Entrance Exam
2. Banaras Hindu University M.Com Entrance Exam
3. Kannur University M.Com Entrance Exam
4. Aligarh Muslim University, Aligarh
5. Osmania University M.Com Entrance Exam Yashwant Rao Chavan Maharashtra Open University M.Com Entrance Exam
6. Tamil Nadu Open University M.Com Entrance Exam
7. Calicut University M.Com Entrance Exam
8. Alagappa University M.Com Entrance Exam
9. Kakatiya University M.Com Entrance Exam
10. Jawaharlal Nehru University M.Com Entrance Exam
11. Indira Gandhi National Open University M.Com Entrance Exam
12. Bangalore University M.Com Entrance Exam
13. Indian Institute Of Management M.Com Entrance Exam
14. Guru Gobind Singh Indraprastha University M.Com Entrance Exam
15. Avinashilingam University For Women M.Com Entrance Exam
16. Assam University M.Com Entrance Exam
17. Annamalai University M.Com Entrance Exam
18. Andhra University M.Com Entrance Exam
19. Punjab University M.Com Entrance Exam
20. Rajiv Gandhi University M.Com Entrance Exam
21. Shivaji University M.Com Entrance Exam
22. Karnataka State Open University M.Com Entrance Exam
23. Aligarh Muslim University, Aligarh

Syllabus and Subjects

The syllabus of Masters of Commerce is divided into two in Part A there are compulsory subjects which have to been studied by the aspirants and in Part B there is the choice in the optional group.

Part-A (Compulsory Subjects)

1. Accounting for Managerial Decisions
2. E-Commerce
3. Managerial Economics
4. Marketing Management
5. Statistical Analysis
6. Business Environment
7. Computer Applications in Business
8. Corporate Financial Accounting
9. Corporate Tax Planning
10. Economics of Global Trade and Finance
11. Financial Marketing
12. Management Concepts and Organization Behaviour
13. Strategic Management
14. Corporate Legal Environment

Part- B (Optional Subjects)

1. Banking & Finance
2. Commercial Bank Management
3. Entrepreneurial Management
4. Financial Bank Management
5. Financial Markets
6. Human Resource Management
7. International Finance
8. Investment Management
9. Research Methodology in Commerce

Apart From This Aspirants Have to Choose One Optional Group Out Of

Illustrious colleges offering M.Com Course:

• Lady Sriram College for Women, New Delhi
• Christ University, Bangalore
• Loyola College, Chennai
• St. Xavier's College, Kolkata
• Anil Surendra Modi School of Commerce, Mumbai
• Symbiosis College of Arts & Commerce, Pune
• Hans Raj College, Delhi University
• Madras Christian College, Chennai
• St. Joseph's College of Commerce, Bangalore
• Sri Ram College of Commerce (SRCC), New Delhi

Career Prospectus

After completion of M.Com program, aspirants can find employment in both Private and Public Sector. An M.Com. degree holder can look for a career opportunity in the public sector in various nationalized banks like State Bank of India, Union Bank etc. In addition to this, students of M.Com can even apply for jobs within the Government sector. UPSC is a major recruiter of M.Com scholars, providing a lucrative and fruitful salary package. Many reputed companies and organizations in today’s life are looking for specialized and expert marketers to get higher profit in a smarter way.

Scope for Master of Commerce:

• Finance, Commerce and the Banking Sectors
• Research Associates with Economic Consulting Firms
• Economic Consulting Jobs
• Customs Department
• Import/Export Companies
• Indian Civil Services
• Indian Statistical Services
• Indian Economic Services
• Insurance Industry

Job Types for M.Com Professionals:

• Accounts Assistant
• Accountant
• Senior Accountant
• Money Manager
• Corporate Analyst
• Investment Banker
• Executive Assistant
• Account Executive
• Finance Manager
• Financial Analyst
• Financial Controller

Recruiting Companies:

• YES Bank
• Canara Bank
• Export-Import Bank, India
• Hindustan Unilever Ltd.
• Cadbury India
• Asian Paints India
• Genpact
• Accenture
• Tech Mahindra Ltd
• Amazon

Job Opportunities and Salary Package

Com present plenty of career opportunities to the aspirants. Banks and Financial organizations majorly hire these candidates. Central Government companies offer numerous opportunities with basic pay at the entry level is Rs. 20,000 to Rs. 30,000 per month. Employees get grade promotions in the job and hence see the hike in the salary. In addition to this, working in a government organization comes with a lot of perks like gratuity funds, travel allowances etc. To secure a government job, the applicant needs to pass a few tests conducted by the government such as UPSC, SSC, state PSC etc.

The private sector has always maintained a standard of paying more than the Government sector. Same is the case here a master degree holder in a private sector company gets paid around Rs 50,000 to Rs. 80,000 per month. Applicants with expertise and proficiency can easily earn up to 6 figure income. The salary of M.Com graduates also varies according to the profile they are working in and knowledge.