M.Com Honours Course: Fees, Duration, Eligibility, Colleges, Job & Salary
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M.Com Honours Course: Fees, Duration, Eligibility, Colleges, Job & Salary

07 Jul,2020

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M.Com Honours Course:

M.Com Honours Course is a 2-years post-graduation. In this course, you learn about the important managerial skills and advanced commercial principles. This course is suitable for students who want to achieve specialization in the field of business and management. Also, you can opt for a teaching and research field after this course.

M.com (Hons.) course is mainly concerned with accounting, business management, banking system, micro, and macroeconomics, etc. M.com is a post-graduation so it promises expertise in commercial and business management subjects. One specific feature of M.com (Hons.) is that you can choose your area of specialization like finance, accounting, business, and insurance, etc.

Most of the subjects of a business management and commerce stream course are theoretical. However, some subjects like accounting will have numerical. The subjects contain principles for effective commercial activities. The importance of mathematics can not be underestimated because the mathematical principles and theories are also applicable in commerce.

After finishing M.com (Hons.) course students become a professional with deep knowledge of commerce disciplines. You will have a good grip on every commercial principle and concept. But for industry, you need to have experience. Companies that hire M.com graduates require candidates with good subject knowledge and work experience. However, you can also make your future in the teaching field or research work. As both, the fields require deep knowledge of the commerce subjects.

Important Skills:

In any domain, practical skills are given more priority than theoretical knowledge. The theory is of great importance only when you know how to apply it. Before taking admission into M.com (Hons.) course you must have some skills which help you to succeed not only in your study but also in your career. If you don’t have these skills you can also develop these skills. The most important skill for M.com (Hons.) are listed below:

Mathematical Knowledge:

M.com is post-graduation in the field of commerce and business management. So, it is obviously related to calculations. Hence, mathematical knowledge is a must for every student who wants to get specialization in the commerce stream. However, you don’t trigonometry and advanced sections. Only those concepts are required which are related to the commerce stream.

Subject knowledge:

Whether you want to become a teacher of commerce or want to make your career in the research industry, you should have good knowledge of every subject of M.com (Hons.) course. This will give you expertise in your area and you can work effectively. Also, companies prefer those candidates who have good subject knowledge.

Analytical Skills:

This skill is related to breaking a complex process into simple forms. Thus as a commerce professional, you should have the ability to understand the complex data and make it understandable for everyone. If you are working in an organization, your main motive is to manage the commercial activities of the organization. The analytical skill is composed of several skills like critical thinking, research, data analysis, etc.

Creativity:

M.com (Hons.) course is mainly related to theoretical subjects and focuses more on expertise in a particular field. So, apart from a deep knowledge of the subjects you should have the creativity to find solutions to different kinds of problems. Generally, this skill helps you to think beyond the conventional knowledge provided in the M.com (Hons.) course.

M.Com (Hons.) Course Eligibility:

Eligibility is the minimum requirement you must meet to take admission in a course. Different colleges may have different eligibility criteria for the same course. But the major requirements remain the same. The M.Com (Hons.) course eligibility is decided by the board of education which regulates this course. A candidate who wants to take admission to M.com (Hons.) needs to meet the following requirements.

  • The student should score at least 50% marks in B.com or B.com honors. from a recognized university.
  • Applicants with graduation in Economics and statistics, BBS, BBE, etc. can also apply for M.com honors. However, not every college accepts these graduation courses.
  • Candidates which belong to reserved categories can get a relaxation of 5% in marks.
  • If the university asks for marks in an entrance exam, candidates should have sufficient marks in the entrance exam. Otherwise, they will not be considered as eligible candidates.

These are the minimum eligibility criteria for every college. Some universities will have some additional requirements, so you will need to fulfill the M.Com (Hons.) course eligibility criteria of the respective institution.

M.Com (Hons.) Course Duration and Fees:

The duration of an honors program is generally one year more than the general program. But in the case of M.com (Hons.) course, it is similar to the general program. M.com (Hons.) course duration is 2 years and each year is composed of two semesters. So, there are 4 semesters in this course. You need to qualify each semester separately.

M.com (Hons.) course fees are different from college to college. It depends upon several factors like infrastructure of the college, placement record, etc. So, there is no fixed amount of fees applicable in every college. However, the range of M.com (Hons.) is around Rs. 10,000 to 25,000 per year. This amount will be reduced significantly for government colleges or admission through entrance exams.

Almost every college gives a relaxation in the M.com (Hons.) course fees. Reserved candidates can avail the fees relaxation.

M.Com (Hons.) Course Admission:

M.com (Hons.) course admission procedure begins from the month of July. At the time of admission the university enrolls your name for the M.com (Hons.) course. Different universities have different rules regarding the admission in the M.com course. The disparity is based on the minimum requirement for taking admission. There are two modes of admission : Direct mode and Entrance exam mode.

Direct mode:

In this mode of admission, the admission is based on merit based. Students who have scored good marks in the graduation course will be shortlisted for M.com (Hons.) course admission. The minimum eligibility is the same as mentioned above. The institution gives you an application and you need to submit it by filling the necessary details. If the institution has a website, you can also submit the form online.

  • Visit the official website of the educational institution.
  • Click on the registration or signup option and complete the registration procedure.
  • After making an account apply for the course and fill all the details carefully.
  • Click on the submit button and pay the fees.
  • After paying the fees you will receive a confirmation page.
  • Download the confirmation page and submit it to the institution.
Entrance exam:

Another option to take admission in the best colleges is through the entrance exam. The top institutions which provide M.com (Hons.) course ask for an entrance exam score. A valid score in the entrance exam will ensure your eligibility for the course. So, you can apply for an entrance exam to get M.com (Hons.) course admission in a reputed college. Some entrance exams for the M.com (Hons.) course are as follow:

  • BHU PET
  • Delhi University M.com Entrance Exam
  • PU CET (PG)
  • Allahabad University PGAT
  • CUCET
  • AUCET
  • SRM CAT

M.Com (Hons.) Course Syllabus:

The syllabus is very important for scoring good marks in the subject. It decides whether the subject is tough or not. The ideal syllabus is that which makes you acquainted with all the required knowledge and equip you with all the necessary skills. You should have the syllabus at the beginning of semester. This will help you in preparation and give your sufficient time to learn every concept.

M.com (Hons.) course syllabus is different from the syllabus of general M.com courses in a manner that honors courses that are mainly focused on specialization. Therefore the subjects and the curriculum will equip you with skills related to a particular stream. The following is the syllabus of one institution. Different institutions have a different syllabus, however, the difference is minor.

M.com (Hons.) Course Syllabus:

First Semester:

  • Organizational Behaviour
  • Business Economics
  • Business Statistics
  • Business Finance
  • Business Computing
  • Business Environment
  • Workshop on Business Communication
  • Workshop on Business Research

Second Semester:

  • Marketing Management
  • Human Resource Management
  • Operation and Material Management
  • Management Information System
  • Management of Financial Services
  • Summer Training and Viva Voce
  • Seminar on Accounting Theory and Practice
  • Seminar on Microfinance Management

Third Semester:

  • Business Strategy
  • Advanced Auditing
  • Seminar on Corporate Reconstructing
  • Workshop on Teaching Theory and Practice

Fourth Semester:

  • Corporate Governance
  • Corporate Tax Planning
  • Comprehensive Viva-Voce From Syllabuses of All Four Semesters
  • Major Project

M.Com Honours 3rd Sem Syllabus & Subjects:

Group 1: Accounting I:

  • Strategic Cost Management
  • International Accounting
  • Forensic Accounting

Group 2: Finance I:

  • International Financial Management
  • Investment Management
  • Behavioural Finance

Group 3: Banking and Insurance I:

  • Bank Management
  • Insurance Management
  • Microfinance and Rural Credit

Group 4: Business Law I

  • Socio-Economic Environmental Laws
  • Industrial Laws
  • Marketing Laws

Group 5: Entrepreneurship and Family Business I:

  • Entrepreneurial Development and New Enterprise Management
  • Entrepreneurial Finance
  • Legal and Government Policy Considerations in New Enterprise

Elective Subjects for Fourth Subjects:

Group 1: Accounting II:

  • Management Control Systems
  • Financial Statement Analysis

Group 2: Finance II

  • Project Planning, Analysis, and Management
  • Financial Engineering

Group 3: Banking and Insurance II

  • International Banking
  • Actuarial Practice

Group 4: Business Law II

  • Intellectual Property Laws
  • E-Security and Cyber Laws

Group 5: Entrepreneurship and Family Business II

  • Marketing for Entrepreneurship
  • Managing Strategic Implementation and Business Transformation

M.Com (Hons.) Course Colleges:

M.com (Hons.) course is post-graduation which gives you a specialization in the field of commerce and business administration. There are many universities and institutions that offer this course. But not every institution provides quality education and important skills. Thus it is mandatory to check the college and choose the best one. You can identify a college as good or bad based on some factors.

First, check the education quality of that M.Com (Hons.) course colleges. For that, you can see the previous students’ records. The faculty should be well educated and have a good experience. However, you also need to work hard to learn the concepts. But a good faculty will clear all your doubts.

Another factor you should consider is the fee structure. Two different colleges can provide the same course at two different course fees. You should prefer a college which offers the course at minimum price. But never compromise with the quality of education.

Top Colleges for M.Com Honours Course

S.No.

College Name

Apply online

1.

Goenka College of Commerce and Business Administration, Kolkata

http://goenkacollege.net/

2.

Ramjas College, Delhi

http://ramjas.du.ac.in/

3.

St. Joseph’s College of Commerce, Bengaluru

https://www.sjcc.edu.in/

4.

Hans Raj College, New Delhi

https://www.hansrajcollege.ac.in/

5.

Shri Ram College of Commerce, Delhi

https://www.srcc.edu/

6.

Hindu College, New Delhi

http://www.hinducollege.ac.in/

7.

Indian Institute of Management and Commerce, Hyderabad

http://www.iimchyderabad.com/

8.

H.L. College of Commerce, Ahmedabad

https://www.hlcollege.edu/

9.

H.R. College of Commerce and Economics, Mumbai

https://www.hrcollege.edu/

10.

Madras Christian College, Chennai

https://www.mcc.edu.in/

Career opportunities after M.Com (Hons.) Course:

Every student wants to have a decent earning after finishing their education. However, this is not possible for everyone. Some students get employment while others struggle to get even a job. M.com (Hons.) course promises a good career for the student after its completion. Every organization needs a professional who could handle its commercial activities. So, you can apply to any organization.

Apart from that applicants can make their career in different sectors which are listed below:

Government Jobs:

M.com graduates can apply for government jobs. There are different posts which require an M.com graduate. These are the reputed posts with good salaries and facilities. Most of the students apply for these government jobs. Indian Statistical Services (ICS) and Indian Economic Services (IES) are two prestigious departments for the students. So, this is a good career option for M.com graduates.

Research field:

The research field required deep theoretical knowledge of every concept and topic of the related field. Applicants should be able to deal with complex problems and come up with new ideas. All these qualities are also available in M.com graduates. They have specialization in their domain and can use every principle of commerce and business management effectively. Thus, they can make their career in the research field.

Private companies:

This is the most common option for every student who has a commerce degree. Every industry requires a professional who can deal with its commercial activities. They can make the record of every transaction and track the expenses. This helps to increase efficiency and reduces extravagance.

To make a good career in this sector you should have good knowledge of the subjects and their practical use. Also, if you have the experience, it will be better for you. You will be promoted to higher ranks.

Teaching field:

A student who has a good command over every subject and has a specialization in a particular stream can make his future in the teaching field. This field requires good communication with the students and you should be able to clear your perspective to the students. Because no matter how in-depth knowledge you have, if you are not able to explain it to the students, you will never be recognized as a good teacher.

Job Roles After M.Com Honours Course:

There are different employment areas for a commerce disciple. They can make their career in different sectors. But the earning depends upon several factors like organization, experience, job role, etc. An M.com graduate is eligible for different job roles. He can use his knowledge and skills in performing several functions in an organization. Some job roles suitable for a fresh candidate are listed below:

Accounts Assistant 

An accounting assistant helps the main accountant. This is a junior-level job role but the function is of utmost importance. He performs clerical tasks.

Business Analyst

The major function of a business analyst is to analyze the commercial activities of the organization and come up with the best possible model to reduce the expenses.

Accountant

An accountant tracks all the transactions and financial activities of an organization. He gives all the records to the management and also analyses the complex data and makes it understandable.

Financial Analyst

Based on the information provided by the accountant, a financial analyst makes forecasts and makes decisions for capital investment. They make money through investments

Investment Banker

The main activity of an investment banker is to raise capital for an organization through issuing securities and making suitable investments. An investment banker may also undertake several other activities for a client

Personal Finance Consultant

A personal finance consultant guides you for making the best use of your money. He guides you about the right investment options and teaches you different money-making habits. His main objective is to make you financially secure.

Marketing Manager

Marketing managers design, implement, and execute marketing plans for an entire organization (or lines of business and brands within an organization). The key objective is to attract potential customers and retain existing ones.

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