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M.Com Honours Course - Check Course Fees, Duration, Eligibility, Colleges, Job & Salary 2024

Update on 24 Apr, 2024


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M.Com Honours Course - Check Course Fees, Duration, Eligibility, Colleges, Job & Salary 2024-here

M.Com Honours Course is a 2-years post-graduation. In this course, you learn about 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.

Details of MCom (Hons.) Course (Hons.) course is mainly concerned with accounting, business management, banking system, micro, and macroeconomics, etc. is a post-graduation so it promises expertise in commercial and business management subjects. One specific feature of (Hons.) is that you can choose your area of specialization like finance, accounting, business, 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 mathematical principles and theories are also applicable in commerce.

After finishing (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 the industry, you need to have experience.

Companies that hire graduates require candidates with good subject knowledge and work experience. However, you can also make your future in the teaching field or research work. Both fields require deep knowledge of the commerce subjects.

Skills Required for M.Com (Hons.) Course

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 (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.

Mathematical Knowledge: 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 a specialization in the commerce stream. However, you don’t do trigonometry and advanced sections. Only those concepts 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 the (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 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: (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 (Hons.) course.

Eligibility Criteria of M.Com (Hons.) Course 2024

Eligibility is the minimum requirement you must meet to take admitted to 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 that regulates this course.

A candidate who wants to take admitted to (Hons.) needs to meet the following requirements:

  • The student should score at least 50% marks in or honors. from a recognized university.
  • Applicants with graduation in Economics and Statistics, BBS, BBE, etc. can also apply for 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 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 Fees and Duration 2024

The duration of an honors program is generally one year more than the general program. But in the case of the (Hons.) course, it is similar to the general program. (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 for each semester separately. (Hons.) course fees are different from college to college. It depends upon several factors like the infrastructure of the college, placement record, etc. So, there is no fixed amount fees applicable in every college.

However, the range of (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 relaxation in the (Hons.) course fees. Reserved candidates can avail of the fee relaxation.

M.Com (Hons.) Course Admission Procedure 2024 (Hons.) course admission procedure begins in the month of July. At the time of admission, the university enrolls your name for the (Hons.) course. Different universities have different rules regarding admission to the course. The disparity is based on the minimum requirement for taking admission.

There are two modes of admission:

  • Direct Mode
  • 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 (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 in 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 in 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 to the best colleges is through the entrance exam. The top institutions which provide (Hons.) courses 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 (Hons.) course admission in a reputed college.

Some entrance exams for the (Hons.) course are as follow:

  • Delhi University Entrance Exam
  • PU CET (PG)
  • Allahabad University PGAT

M.Com (Hons.) Course Syllabus 2024

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 one that makes you acquainted with all the required knowledge and equips you with all the necessary skills. You should have the syllabus at the beginning of the semester. This will help you in preparation and give your sufficient time to learn every concept. (Hons.) course syllabus is different from the syllabus of general 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 different syllabi, however, the difference is minor.

➦ 1st Semester

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

➦ 2nd 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

➦ 3rd Semester

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

➦ 4th 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 (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 a minimum price. But never compromise with the quality of education.

Top Colleges for M.Com Hons Course

College Name Apply Online
Goenka College of Commerce and Business Administration, Kolkata
Ramjas College, Delhi
St. Joseph’s College of Commerce, Bengaluru
Hans Raj College, New Delhi
Shri Ram College of Commerce, Delhi
Hindu College, New Delhi
Indian Institute of Management and Commerce, Hyderabad
H.L. College of Commerce, Ahmedabad
H.R. College of Commerce and Economics, Mumbai
Madras Christian College, Chennai

Career Opportunities After M.Com (Hons.) Course

Every student wants to have decent earnings after finishing their education. However, this is not possible for everyone. Some students get employment while others struggle to get even a job. (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: graduates can apply for government jobs. There are different posts that require an 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 students. So, this is a good career option for 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 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 a 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 earnings depend upon several factors like organization, experience, job role, etc.

An 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 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 in 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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