M.Com Course (Master of Commerce) - Check Course Fees, Duration, Eligibility, Colleges, Career & Scope 2023

MCom Course Details

M.Com Course is a postgraduate academic degree that 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 Ph.D. and M. Phil degree in Commerce.

The duration of the M.Com Course is 2 years. The study of M Com degree provides an insight into commerce, management, and economics as a whole. It is a specialized course that trains applicants for a career in the finance and corporate sector.

Things We Study in M.Com Course

• 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's 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, and Manchester Bank are some major recruiting and employment partners for M Com professionals.

Enchanting the routes of trade in the '90s was a major boon for the Economic sector in terms of growth and employability, and that's one of the reasons to pursue a Master's in the field of Commerce.

Reasons to Choose MCom Course

There is no business that does not need an accountant. Corporate financial accounting and Corporate Tax Planning are some of the necessities of the modern-day business sector in terms of auditing the financial sector in the organization.

Accounts Assistant, Accountant, Business Analyst, and Financial Analyst job profiles, are some major recruitments being conducted on the campuses of Commerce in terms of employability perspective.

In the era of startups and the growth of entrepreneurship, designations such as Market Analyst, and Operations Manager carry 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 for M.Com Course

• The basic eligibility criteria for pursuing an 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.
• The 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.

MCom Admission Process 2023

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 fulfill all the eligibility criteria to get selected for the personal interview round. After completing all the selection rounds, the candidate will get the results regarding admission.

M.Com Entrance Exam 2023

• Acharya Nagarjuna University M.Com Entrance Exam
• Banaras Hindu University MCom Entrance Exam
• Kannur University M.Com Entrance Exam
• Aligarh Muslim University, Aligarh
• Osmania University M.Com Entrance Exam Yashwant Rao Chavan Maharashtra Open University M.Com Entrance Exam
• Tamil Nadu Open University M.Com Entrance Exam
• Calicut University M Com Entrance Exam
• Alagappa University M.Com Entrance Exam
• Kakatiya University M.Com Entrance Exam
• Jawaharlal Nehru University M.Com Entrance Exam
• Indira Gandhi National Open University M.Com Entrance Exam
• Bangalore University M.Com Entrance Exam
• Indian Institute Of Management M.Com Entrance Exam
• Guru Gobind Singh Indraprastha University M.Com Entrance Exam
• Avinashilingam University For Women M.Com Entrance Exam
• Assam University M.Com Entrance Exam
• Annamalai University M.Com Entrance Exam
• Andhra University M.Com Entrance Exam
• Punjab University M.Com Entrance Exam
• Rajiv Gandhi University M.Com Entrance Exam
• Shivaji University Master of Commerce Entrance Exam
• Karnataka State Open University M.Com Entrance Exam
• Aligarh Muslim University, Aligarh

Mcom Subjects and Syllabus

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

Part A (Compulsory Subjects)

• Accounting for Managerial Decisions
• E-Commerce
• Managerial Economics
• Marketing Management
• Statistical Analysis
• Business Environment
• Computer Applications in Business
• Corporate Financial Accounting
• Corporate Tax Planning
• Economics of Global Trade and Finance
• Financial Marketing
• Management Concepts and Organization Behavior
• Strategic Management
• Corporate Legal Environment

Part B (Optional Subjects)

• Banking & Finance
• Commercial Bank Management
• Entrepreneurial Management
• Financial Bank Management
• Financial Markets
• Human Resource Management
• International Finance
• Investment Management
• Research Methodology in Commerce

Apart From These Aspirants Have to Choose One Optional Group Out Of the following:

Parts	Optional Subjects
A	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
B	Optional Group: Marketing Advertising & Sales Management Consumer Behavior and Marketing Research
C	Optional Group: International Marketing Foreign Trade Policy, Documentation of International Business, Procedures, Environment International Marketing
D	Optional Group: Statistics

List of M.Com Colleges in India

• 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 Options After M Com

After completion of the M.Com program, aspirants can find employment in both the Private and Public Sectors. 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 profits in a smarter way.

MCom Scope

• 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

MCom Jobs Profile

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

Top Recruiting Companies for MCom Freshers

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

MCom Salary

M Com presents 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 of 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. The same is the case here a master's 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 a 6-figure income. The salary of M.Com graduates also varies according to the profile they are working in and knowledge.