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.
➢ Economic theory
➢ Micro and macroeconomics
➢ Money and banking systems
➢ Knowledge of business
➢ Trade and its characteristics
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.
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.
The aspirants can register for M.Com in their desirous college through Online/ Offline mode.
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.
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.
Optional Group: Accounting and Finance
Accounting for Managerial Decision, Advanced Financial, Accounting Corporate, Financial Accounting, Financial Institutions, Markets Project Planning, Control Security Analysis and Portfolio Management
Optional Group: Marketing
Advertising & Sales Management Consumer Behaviour and Marketing Research
Optional Group: International Marketing
Foreign Trade Policy, Documentation of International Business, Procedures, Environment International Marketing
Optional Group: Statistics
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.
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.
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