M.Com: Eligibility, Fees, Career, Salary & More (2021)

However Master of Commerce (M.Com) is perhaps a 2 years PG course that is offered in different commerce colleges all over India. Likewise this two year degree course will provide you with career opportunities in the corporate and finance sectors. Moreover it is made to enhance your skills and knowledge on commerce, accounting, finance, economics, accounting and other related areas. Moreover this is a four-semester choice based credit systems course and is also approved from UGC. Similarly after you complete the two year course you will get an academic degree from the respective university that is designated as Master of Commerce.

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However this course is perhaps an entry point for professionals such as chartered accountancy, cost and work, company secretary, insurance and banking services. Moreover you can even pursue higher studies and become assistant professor and lecturer at universities. Likewise being a PG degree M.Com in India is made to make sure that you get in depth knowledge and understand the different aspects of banking and commerce.

However all over India Master of Commerce M.Com Full Form is considered to be one of the popular options for B.Com and B.Com (Hons) graduate in India. Similarly it will help to enhance your knowledge of business and management. Moreover it is important for smooth functioning of business and organization. Likewise the extreme curriculum in the field of management, commerce, banking, marketing, finance, etc. Moreover the course is able to make way for future teachers, professors, researchers.

Some Things To Know About

Likewise M.Com colleges in India provide a great curriculum that will allow you to choose a blend of core and elective courses. Subsequently it will ensure that you get thoroughly trained in different areas like Specialization-Specific training, business, accounting. Moreover you can choose a specialization along with your M.Com degrees which will make you specialist in the field of commerce. Moreover you even get M.Com Distance Education Facility.

However most of the M.Com students may pursue other professional courses like Chartered Accountant (CA), Company Secretary or CFA. Moreover the main reason is that these professional courses are difficult to pass. Similarly only 6% of the total students have passed both the group of CA exams. Subsequently the passing percentage of the CFA course is  between 42 to 54%. hence if anything goes wrong then you have something to fall back on.

Moreover if you want to take up teaching as a profession especially in the commerce field then you should take up M.Com specialization in your PG level exam. Likewsie the M.Com course is important if you want to take up Ph.D program in the future.

All About M.Com

M.Com Duration 2 Years
M.Com Admission Criteria Entrance Based/Merit
Master of Commerce Eligibility Graduation with at least 50% aggregate marks
M.Com Course Level Undergraduate/Postgraduate/Ph.D
M.Com Fees Rs. 8,000 to Rs. 2.25 Lakhs
Master of Commerce Full Form Master of Commerce
M.Com Average Placement Package Rs. 15,000 to Rs. 19,000
M.Com Average Cut Of 50% marks

 

M.Com: Eligibility Criteria

However to get M.Com Admission it is important that you are eligible to apply for the same. Moreover there are some eligibility criteria that you have to meet in order to get admission to M.Com course. So here we will discuss about the basis eligibility criteria to pursue this course.

  • However it is important that you have to score at least 50% aggregate marks in B.Com or B.Com (Hons) or any related exam from a recognized board
  • Likewise there are some universities that will consider if you complete your bachelors degree in Economics and Statistics, BEE, BFIA, BBS. Similarly the minimum aggregate marks that you have to score is 60% or equivalent from a recognized board or university
  • Moreover if you belong to Reserved category then you will get relaxation of up to 5% in government universities.
  • Subsequently state level universities will also provide you with relaxation of marks to home students.

M.Com: Fees Structure

College/University Type Average Fees
Central Universities Rs. 10,000 to Rs. 60,000
Private Universities Rs. 8,000 to Rs. 1,20,000
Deemed/Deemed to be Universities Rs. 8,000 to Rs 1 lakh
State Universities Rs. 5,000 to Rs. 1 lakh
Private Colleges Rs. 10,000 to Rs. 2 lakhs
Government Colleges Rs. 3,400 to Rs. 67,500
Institute of National Importance Rs. 1 lakh to Rs. 4 lakhs

 

M.Com: Admission Process

However to take admission in the M.Com course then you have to give an entrance exam that is done on the basis of entrance exam. Moreover it is usually MCQ based to test your knowledge and background in Commerce. Likewise the top M.Com universities like Banaras Hindu University, Delhi University, Christ University, and many others will hold a national level examination so that you get admission to masters course in commerce. Subsequently here is the step by step admission process that you have to follow in order to get M.Com admission.

Step By Step Admission Process

  • However at first you have to choose the M.Com colleges in which you want to take admission. Moreover you need to check the application process period along with the deadline
  • Likewise if the colleges or universities offer admission through entrance exam then you have to register and apply for the exam which is the first step.
  • Similarly you have to pay the application fee after you fill in the application.
  • Moreover you have to fill in the application form with all the required details and upload all the necessary documents along with the application form. However make sure that you avoid making mistakes while filling up the form
  • Subsequently after getting the confirmation it is better that you download the application form for future reference
  • Moreover you have to keep an eye on the official website of the examination or the college for the admit cards and different other notifications
  • Similarly after you qualify your M.Com entrance exam you have to fill in the application form of the college or university that you want to take admission in. subsequently you have to fill in your personal details like the scores that you receive in your entrance exam, academic qualifications and many other information

Some More Eligibility Criteria:

  • However if you successfully achieve the eligibility criteria of the selected college then you will be called for written exam or interview rounds (direct admission) in order to finalize the admission process
  • However to get admission you have to pay the college admission fee through internet banking or through Demand Draft.
  • Moreover in some cases if you get shortlisted you will be invited to take part in the final selection procedure which includes WAT, GD, PI
  • Likewise some of the top commerce colleges like St. Xavier’s Kolkata holds WAT (Written Ability Test) along with PI (Personal Interview) for the final selection
  • Moreover in some colleges GD that is Group Discussion is also held.

M.Com: Entrance Exams

However M.Com is a Postgraduate course in the field of commerce. Likewise Master of Commerce is also called as M.Com is actually a masters degree course that will focus on the subjects that are linked to economics, trade, management and accounting. Moreover this course is made so that if can provide you with wide range of managerial skills while building competence in a particular area of business. Similarly during this course you get to learn about finance, marketing, general business, human resources, business management, marketing, accounting and many others.

However M.Com admissions in India is done based on the entrance exam that is held by different institutes or universities. Moreover some of the common and popular M.Com entrance exam in India include AUCET, DUET, SKUCET, OUCET and many others. Likewise there are some institutes that hold these exams in online mode while other universities like Delhi University holds the exam in offline mode. Subsequently here we will discuss about some of the M.Com entrance exam and other information related to it.

1.     OUCET Entrance Exam

OUCET (CPGET) 2021 is held by Osmania University for the admission of different Postgraduate Diploma, Postgraduate and 5 Years Integrated courses. Likewise these are offered by Telangana, Palamuru Universities, Osmania, Mahatma Gandhi and its affiliated colleges in Telangana State. Similarly this exam will grant admission to MA, BLISc, M.P.Ed, M.Sc, MCJ, MLISc, M.Com, MSW degree programs. However it is important that you hold a BA, B.Sc, Bachelors degree with at least 40% aggregate marks so that you become eligible to sit for this exam. Moreover this exam will be held in offline mode with 100 objective types (MCQ) questions that you have to answer in 90 minutes.

Exam Syllabus: Chemistry, Physics, Biology, English, Mathematics

Validity: Private Colleges, Central Universities

Level of Difficulty: Highly Advanced

Exam Fee: Rs. 600 to Rs. 800

2.     PESSAT Exam

However PESSAT stands for People’s Education Society Scholastic Aptitude Test. likewise PESSAT is actually an university level exam that is held by PES University, Bangalore. Moreover this exam is held every year for admission to UG and PG courses. Likewise PES University will decide the exam pattern along with the M.Com Syllabus of the exam. Similarly the exam pattern include details like total number of questions, marking scheme, marks distribution and other details related to the exam. However the duration of the exam is 3 hours (180 minutes) and it consists of Physics, English, Mathematics, Chemistry papers. Moreover you will get shortlisted based on your test marks and how well you perform in the personal interview round.

Exam Syllabus: English Comprehensive/Verbal Ability, Quantitative Reasoning, Analytical and Logical Reasoning, General Awareness

Validity: Private Colleges, Central Universities

Level of Difficulty: Highly Advanced

Exam Fees: Rs. 1050

3.     Jain Entrance Exam

Jain Entrance Test or JET 2021 is perhaps an entrance exam that is conducted to get admission to different UG and PG courses. Likewise Jain University is a private university that is located in Bangalore, Karnataka. Similarly you will get admission to all the courses in Jain University on the basis of merit cum rank that you get in JET 2021. Moreover the exam is held online as proctored online exam. However JET 2021 will be held in many different centers in India. Moreover if you choose the online mode of exam then you can choose your preferred exam center while you fill up in this application form. Likewise this exam is held in both online and offline mode. Moreover the offline exam mode will be held in the Jain University campus only on specific dates along with the online exam that is held in PAN India.

Exam Syllabus: Essay Writing, Subject based Questions, Basic Mathematics, Current Affairs related to your topic

Validity: Private Colleges, Central Universities

Level of Difficulty: Highly Advanced

Exam Fee: Rs. 600

4.     JUEE Exam

However Jagannath University Entrance Exam (JUEE) is perhaps a university level test that is held for admission to UG, PG and Ph.D courses. Moreover this test is conducted by Jagannath University, Rajasthan three times in a year in two its campuses. Likewise you can appear for JUEE in either Delhi or Jaipur Campus of the university. Subsequently you can mention your preference of center in the application form. However once the exam centers are allotted it will not be changed under any circumstances. Moreover you can get the M.Com Result on the official website of this university. However if you score a minimum cut off then you will be called for interview and counselling process. Likewise your final selection will be done based on your overall performance.

Exam Syllabus: Physics, Chemistry, Mathematics

Validity: Private Colleges, Central Universities

Level of Difficulty: Highly Advanced

Exam Fee: Rs. 250 to Rs. 1200

5.     KU PGCET

However KU PGCET stands for Kakatiya University Post Graduate Common Entrance Test is held by the Kakatiya University, Warangal to provide admission to various PG and PG Diploma courses. Moreover through KU PGCET you will get admission in the university and its affiliated colleges. Similarly KU PGCET is a state level entrance exam that is held in offline mode that is it is a pen and paper test. however before you apply online you have to meet the eligibility criteria of KU PGCET that is set by the university. Similarly KU PGCET will be held across Warangal or Karimnagar center. Likewise you need to choose your convenient centers during the time of filling the application form. However the exam centers can be changed by the university if there is insufficient or less than 100 candidates for a specific program.

Exam Syllabus: Business Economics, Industrial Organization and Management, Financial Accounting, Quantitate Techniques, Financial Management

Validity: State Universities, Private Colleges, Central Universities

Level of Difficulty: Highly Advanced

Exam Fee: Rs. 350 to Rs. 450

6.     BHU PET Exam

However BHU PET Exam is a university level PG entrance exam that is held by Banaras Hindu College in Varanasi, Uttar Pradesh. Likewise it is conducted to offer admission to General, Special, Vocational, Professional Courses. Moreover the minimum eligibility criteria that you need to apply for BHU PET Exam is a bachelors degree in the related subject. Likewise you have to score at least 50% aggregate marks. Similarly you can take the exam in an online mode by visiting the official website. Moreover according to BHU PET Exam Paper the paper will have in total 120 MCQs.

Likewise the duration of this exam will be 120 minutes and the paper will be conducted in an offline mode. However BHU PET will declare its results online and after the results are declared the online counselling process will start. Moreover BHU PET will be held in 115 different cities. Subsequently you have to choose the five exam centers at the time of application according to your convenience.

Exam Syllabus: English Comprehension, Mathematical Aptitude, General Knowledge, Quantitate Reasoning.

Validity: Private Colleges, Central Universities

Level of Difficulty: Highly Advanced

Exam Fees: Rs. 300 to Rs. 600

7.     SKUCET Exam

Sri Krishnadevaraya University (SKU) holds a Common Entrance Test (CET) for admission to various PG courses. Likewise based on the marks that you get in SKUCET you will get admission to different PG courses and affiliated colleges of SKU Anatapur. Moreover SKUCET holds a pen and paper mode test inside the university campus. Similarly you have to get at least 25% out of total scores to qualify SKUCET. However there is no minimum cut off is needed if you belong to Schedules Caste and Scheduled Tribe category. Likewise you will be called to attend the centralized SKUCET counseling based on your performance in the exam. However if you want to book a seat then you have to submit the token amount immediately after you pay the fee.

Exam Syllabus: Paper will come from Undergraduate level books

Validity: Private Colleges, Central Universities

Level of Difficulty: Highly Advanced

Exam Fees: Rs. 500 to Rs. 5500

8.     PU CET PG Exam

Punjab University Common Entrance Test (PU CET) is perhaps a state level entrance exam that is held by Punjab University, Chandigarh. Moreover this exam is held for those who wants to take admission in UG, PG courses. Likewise to apply for this course you have to qualify your bachelors degree from a recognized board. Likewise you have to score at least 50% to 55% marks depending on the course that you are applying for in the bachelors degree. However if you are in your final year and appearing for the qualifying exam then also you will be eligible to apply for the PU CET PG provided if you pass your qualifying exam by the time of admission.

Exam Syllabus: Physics, Chemistry, Mathematics, Biology

Validity: Private Colleges, Central Universities

Level of Difficulty: Highly Advanced

Exam Fee: Rs. 1050 to Rs. 2100

9.     AUCET

However Andhra University Common Entrance Test (AUCET) is a state level entrance exam that is held by Andhra University, Vishakhapatnam. Moreover it is conducted for the admission to different PG courses in the field of Management, Commerce, Teaching, Humanities, Science, and many others. Likewise it is offered by the colleges that is affiliated with Andhra University and Dr. B R Ambedkar University, Srikakulam. Similarly AUCET will be held across 8 cities in the state of Andhra Pradesh. Moreover you have to choose your preferred exam center while you fill up the application form. However no request regarding the change of exam center will be entertained after you submit the application form.

Exam Syllabus: Life Sciences, Physical Sciences, Mathematical Sciences, Chemical Sciences, Geology, Humanities and Social Sciences, English

Validity: Private Colleges, Central Universities

Level of Difficulty: Highly Advanced

Exam Fee: Rs. 500 to Rs. 600

      10. SRMHCAT

However SRMHCAT is an online entrance exam that is held with the duration of 150 minutes for you to take the test. Moreover it tests your aptitude and management skills. Similarly SRMHCAT is held for the admission to various UG and PG courses that is offered by SRM University. Subsequently the exam centres of SRMHCAT is available across India. Similarly you can choose 3 exam centres and give preferences from 1 to 3.

Exam Syllabus: Data Interpretation, Quantitative, Reasoning, English, GK/CA/BA

Validity: Private Colleges, Central Universities

Level of Difficulty: Highly Advanced

Exam Fee: Rs. 1080

List of Top M.Com Specializations

However M.Com or Master of Commerce is a postgraduate course that includes a detailed study of M.Com Subjects like Computer applications, finance, accounts and many other Master of Commerce Subjects. Likewise the course curriculum of M.Com also includes management related subjects. However the main focus of the course lies to enhance your theoretical knowledge. Subsequently the M.Com course will also enhance your academic value and will help you to prepare for a career in the core areas of commerce and commercial applications.

1.     Finance

However M.Com Finance is a 2 year full time PG degree course. Moreover it consists of 4 semesters in the whole duration. However to get into Finance degree course you have to complete your bachelors degree in commerce with economics, accounts and finance subjects. Subsequently you have to score at least 55% aggregate marks in the graduation level. However there are many colleges that will allow admission to this course based on how you perform in your entrance exam that the respective college holds. Moreover after the entrance exam you have to attend the interview sessions. However as this will help to evaluate your capabilities of logical thinking along with other course related aspects.

However M.Com in Finance focuses on the systematic study of finance and accounting. Moreover this course is made to offer array of financial skills if you want to pursue your career in corporate business world, stock markets, etc. Likewise this course provides you with in depth knowledge on banking system, accounting principles, advanced study on financial planning, macro economy, economic theory and many others. Moreover the course curriculum focuses on SAP, Accounts and Finance related Mathematics, Accounting, Payroll accounting, Taxation, and many others. Likewise during this course you get to learn about business and accounting trades, financial management, business management policies, marketing principles that emerges in the business world, corporate sectors. However some of the subjects that will be typically covered in this course are: statistics, financial management, business management, financial accounting, costing and many others.

Specialized Subjects: Financial Management, Statistics, Financial Accounting, Costing, Business Management, etc.

Average Fee: Rs. 1 lakh to Rs. 4 lakhs

Types of Jobs: Financial Analyst, Chief Finance Officer, Investment Banker, etc.

Average Salary: Rs. 4 lakhs to Rs. 20 lakhs

2.     Banking and Finance

However Banking and Finance is a 2 year PG course banking course. Moreover M.Com in Banking and Finance is the course that is separate from the general commerce study. Similarly it mainly focuses on the systematic study about the concepts of special subjects and other topics related to banking and financial circles. Moreover after you complete this course then you will be capable of working in banking and financial firms. Moreover you can also apply for UGC-NET or JRF exams. Subsequently this course will prepare you for the professional qualification in banking and finance and will offer a solid based in the field of banking and insurance.  Likewise it will make it easier for you to get leadership or managerial role in both the banking and finance sectors.

However to take up this course you need to have a basic eligibility with graduation degree in commerce stream. Moreover you have to score ta least 45% to 50% aggregate marks in your graduation degree. Likewise the admission process of this course is done on the basis of your performance in your graduation degree in the same stream. Moreover there are some institutes that also include the scores of entrance exam. Likewise these entrance exam marks will include different quantitative tests. Similarly the M.Com in banking and finance is a banking course which is a study of banking law, financial management, banking, finance.

Skills Required For This Course

Likewise it is important that you have a strong communication skills and completion abilities then you will be suitable for this course. Similarly this course also needs strong mathematical ability skills which is necessary for investment banking. Subsequently also some teamwork skills is important for finance and banking lines.

Specialized Subjects: Banking Law and Practice, Business Research Methods, Management Accounting, Communication Skills, etc.

Average Fee: Rs. 2 lakh to Rs. 5 lakhs

Types of Jobs: AO, Business Analyst, Marketing Executive, Customer Service, Credit and Risk Manager, etc.

Average Salary: Rs. 15,000 to Rs. 3 lakhs

3.     Statistics

However M.Com statistics is perhaps a PG degree program which is of 2 years. Moreover this program is best for those who want to pursue a career in accounting, finance, investment or banking. Likewise it is a specialization course that deals with the subject area of statistics the art and science to collect and to analyze data to make a meaningful inferences. Similarly the basic eligibility of M.Com statistics is that you have to qualify your B.Com, BBA, BA course with at least 55% aggregate marks in a related stream from a recognized board. Subsequently you will get admission to this courses on the basis of entrance exam that is held at the state and national level.

Moreover statistics actually deals with data analysis and interpretation. So if you want to take up this course you will get complete knowledge of how to analyze data, how to interpret it and the practical applications for the companies and governments. Likewise when you take up this course you will surely develop the most important skill and that is of logical reasoning and analysis. Similarly other skills like critical reasoning, testing appropriateness of parameters, data interpretation, etc. will also be a part of the course. Subsequently after you complete this course besides being eligible for a job in the banking and finance sector you can take up professorship or even join a consulting firm.

Specialized Subjects: Descriptive Statistics, Mathematical Economics, Advanced Statistics, Econometrics, etc.

Average Fee: Rs. 12,000 to Rs. 1,60,000

Types of Jobs: Data Analyst, Risk Analyst, Finance Manager, Senior Accountant, Business Analyst, Bank Manager, etc.

Average Salary: Rs. 3 lakhs to Rs. 9 lakhs

4.     Taxation

However M.Com in Taxation is perhaps a 2 year PG course and to get pursue Taxation course you have to complete your B.Com course. Moreover in this course you will learn about research tax literature, complete analytical reviews of tax returns, solve complex taxation problems. Likewise you will get admission to this course on the basis of your academic profile and how well you perform in a related entrance exam followed by other rounds of interview. However this course has been made to offer advanced learning to the eligible students in federal, local taxes, concepts and processes, etc. Moreover the main aim of this program is to train you to contribute gainfully to the State departments of revenue, IRS, and many others.

Moreover Taxation is the government set mechanism to collect money from the citizens to pay for the public services. For instance libraries, public parks and many others. Moreover the auditors are very much professionals since they perform audits for the organizations and individuals to check for discrepancies, cases of financial deceit, inconsistencies and many others. Moreover taxation is actually a method to thrust financial charge or tax on people who make taxable income. Likewise the taxes might be charged on the tax payers by the central, State government or any other government authority. However these may include local council or the municipality.

Specialized Subjects: Public Accounting, Real Estate Finance, Budget Analysis, Management Accounting, etc.

Average Fee: Rs. 1 lakh to Rs. 4 lakhs

Types of Jobs: Tax recruiter, Tax Collectors, Revenue Agents, Tax Advisor, Tax Policy Analyst

Average Salary: Rs. 5 lakhs to Rs. 20 lakhs

5.     E-Commerce

However M.Com in E-Commerce is a PG course of 2 years. Moreover to apply for this course you have to complete your B.Com course or a graduate course in a related field. Likewise during the duration of this course you will get to learn e-commerce in depth. Moreover in today’s world E-Commerce is of great importance and opportunities. Likewise this course will train you how to develop and to use the ideas in the real business world. Moreover the main aim of this course is to offer both technical and managerial skills which will help you to transform the business world for better. Subsequently you can even pursue higher studies by choosing Ph.D Programs. Likewise you can even go on to take government jobs and can also pursue jobs in teaching fields.

However today M.Com has become a very popular course since it is a very interesting field which will help you to get jobs immediately. hence if you have analytical skills and love numbers then you will surely flourish in this field. Moreover the average packages in this course in usually higher both in private and public sectors. Likewise you can also find many jobs in many different industries. Similarly there is also many opportunities from the government sectors.

Specialized Subjects: Service Marketing and Customer Relationship, On-Line Marketing, Relationship Management, Internet and Web Designing, etc.

Average Fee: Rs. 5,000 to Rs. 2 lakhs

Types of Jobs: Business Development, Quality Manager, E-Business developer, Taxation Consultant, Market Analyst, Auditor, etc.

Average Salary: Rs. 2 lakhs to Rs. 10 lakhs

6.     Business Administration

However M.Com in Business Administration is a two years full time PG course that is offered in commerce. Moreover it deals with the study of planning, organizing related to the business field. Likewise in the second year you need to choose the electives and the list of electives may different for each college or university. Similarly to pursue this course you need to score at least 50% aggregate marks in the field of B.Com or any related degree from a recognized board. However after you complete your course you can do jobs like Human Resource Managers, Finance Manager in banking sectors, and many others. Likewise after you complete this course you can also choose to pursue higher education in Ph.D or research.

Specialized Subjects: Business Environment, Human Resource Management, General Management

Average Fees: Rs. 20,000 to Rs. 5 lakhs

Types Of Jobs: Business Managers, Lead Consultants, Finance Managers, Human Resource Managers

Average Salary: Rs. 3,80,000 to Rs. 9,00,000

7.     Marketing

However M.Com in Marketing is a full time 2 year PG course that is usually research based and focuses om the different aspects of marketing like marketing research, consumer behavior, marketing management and many others. However to be eligible to apply for this course you need to have a bachelors degree in Commerce with subjects like Mathematics, Accounts or Economics. Likewise the admission process is different according to the policy of the respective college but usually the admission to this course is on the basis of the marks that you get in the bachelors degree or on the basis of the marks that you score in the entrance test. M.Com marketing is a course that focuses on different theoretical and practical aspects of marketing like Consumer behavior, Quality management, advertising, functional areas of marketing, marketing research, etc.

Specialized Subjects: International Marketing, General Marketing, Retail Marketing

Average Fee: Rs. 3,720 to Rs. 1,29,000

Types of Jobs: Marketing Operations Specialist, Business Manager, Assistant Manager, Public Relations Manager

Average Salary: Rs. 4.5 lakhs to Rs. 8 lakhs

8.     Finance & Controls

However master of commerce in Finance and controls is a 2 year PG course in the field of finance and controls. Moreover the course is segmented into 4 semesters and discusses the important topics which are linked to management and control of all the financial operation in the organizations. However to get admission to this course you need to at first qualify your bachelors degree in the field of commerce or finance with at least 50% aggregate marks. Likewise if you belong to reserved categories then you need to score at least 45% aggregate marks. Subsequently the admission process to this course differ from university to university and can be either on merit based or entrance based. Moreover the entrance exam is conducted by the university itself.

Similarly after you study this course you will get a respectable job profile in established institutions. Moreover you can get job opportunities both in government and private sectors. Likewise you get different opportunities to work and to collaborate with the international organizations and you can even work abroad.

Specialized Subjects: Management Concepts, Financial Accounting, Risk and Insurance Management, Marketing Management

Average Fee: Rs. 30,000 to Rs. 1 lakh

Types of Jobs: Financial Controller, Financial Officers, etc.

Average Salary: Rs. 8 lakhs to Rs. 15 lakhs

9.     Computer Application

However M.Com in Computer Application is 2 year PG course. Likewise the course is taught in both full time and distance learning. Moreover the eligibility for the candidate to pursue this degree is that you should hold a B.Com degree from a recognized board. Likewise you should have at least 50% aggregate marks when you apply for this course. Similarly admission to this course will be done on the basis of your performance in the qualifying exam. Likewise there are some colleges where you have to sit for an entrance exam. Similarly the basic objective of it is that you pass on the knowledge in a wide way so that you understand it in a standard manner.

Similarly M.Com in Computer Applications will give you many options to the aspirants to become an expert in a specific field like designing and developing. Moreover it will help you to carry out finance, banking, accounting. Similarly you can have one more professional certificate degree to add to your qualification certificate after you do M.Phil or Ph.D. Similarly it is the course that is enough for you to get a good career. Moreover this professional degree will increase your career prospects also.

Specialized Subjects: Database Management Accounting, E-Commerce, Marketing Management, Object-Oriented Programming with C++

Average Fee: Rs. 10,000 to Rs. 60,000

Types Of Job: Budget Analyst, Business Consultant, Managers, Chief Information Officer, Designers

Average Salary: Rs. 30,000 to Rs. 6 lakhs

10. Business Management

However M.Com in Business Management is a 2 year PG course. Moreover it deals with the process of leading, planning, staffing, controlling business activities, directing. Likewise the course is made for those who are interested in business in developing and managing the business. Similarly to get admission to this course you have to complete your bachelors course in any commerce stream. Likewise you have to get at least 50% aggregate marks in the bachelors course. Subsequently you will get admission to M.Com in Business Management on the basis of merit or entrance exam. Subsequently some colleges accept admission on the basis of merit while other accept entrance exam like JUET, PU CET, AUCET, and many others. However besides providing knowledge and will also give you insights about business values.

Moreover this course will also offer you important industrial experience through the project work and practical subjects. Similarly you can join different private and corporate sectors in different areas like Stock Exchanges, Banking, Commerce, Marketing, Finance, and many others.

Specialized Subjects: Strategic Management, Corporate Social Responsibility, Business Ethics,

Average Fee: Rs. 10,000 to Rs. 12 lakhs

Types of Jobs: Accountant, Business Consultant, Tax Assistant, Tax Analyst, etc.

Average Salary: Rs. 3.6 lakhs to Rs. 9 lakhs.

11. Financial Management

However this is a 2 years PG course that focuses that focuses on banking financial services, accounting, economics, insurance and management subjects. Moreover you can take up this course only if you have completed your bachelors degree from a recognized board. Likewise you should score at least 55% marks in your bachelors degree. However every eligibility criteria of the college varies. Some allow admission through lists whereas other will hold entrance exam to get admission. Subsequently after you complete your M.Com financial management course you can work as a Manager, Assistant Accountant, Financial Analyst and many others. However this is a PG course that includes detailed study of the modern and historical knowledge of financial and accounting management.

Moreover it will help you to get a deep understanding of the accounting and finance to those who have zero knowledge about the same. Similarly if you take Chartered Accountants then you can take up this course since both the subject are same and are almost related to the field of finance and management.

Specialized Subjects: Finance, Audit, Marketing Analysis, Corporate Planning, Accounting

Average Fee: Rs. 11,000 to Rs. 2.5 lakhs

Types Of Jobs: Finance Manager, Risk Manager, Insurance Manager, Consultant

Average Salary: Rs. 14,000 to Rs. 20,000

12. Accountancy

However it is a 2 year PG course and to get admission to this course you have to qualify your bachelors degree. Moreover accounting is the communication process through which financial information is carried on to its users like shareholders. However the final selection will be done on the basis of your academic profile, test scores and interview. Likewise the mode of admission id through the entrance exam and tests that is conducted by different universities. Moreover accountancy or accounting is perhaps the art of presenting the financial information of any business organization to users like shareholders and managers as these are usually in the form of financial statements.

However we can say that we know accountancy as the primary and most looked after subjects in commerce department. Similarly if you have qualification in this field then you have a very good knowledge of monetary matters and is called as accountants. Moreover study of accountancy involves auditing and financial statements. Subsequently the shareholders and investors should know the truth about the financial state of the company and this is why the job of an accountant is so important.

Specialized Subjects: Management Principles and Practices, Organizational Behavior, Research Methodology, Financial Management

Average Fee: Rs. 1 lakhs to Rs. 4 lakhs

Types of Jobs: Chief Accounting Officer, Finance Director, Accounting Firm Partner, Audit Manager

Average Salary: Rs. 4 lakhs to Rs. 20 lakhs

13. Banking

However banking is a 2 year PG course that is made for those who are interested in this field to study about different activities of a bank and how you can manage a bank to make it run smoothly. Moreover here you get to learn about various concepts of banking and financial management skills that is needed to function properly within private businesses, public agencies, non profit organization. Likewise this program, is segmented into four semesters of 6 months. Similarly you can take this course through regular or correspondence mode. However to get admission to this course you need to complete your graduation degree in a commerce stream. Moreover you have to qualify from a recognized board.

Specialized Subjects: Banking Law and Practice, Financial Markets and Institutions, Foreign Exchange, Financial Services

Average Fee: Rs. 10,000 to Rs. 3 lakhs

Types of Jobs: Administrative Officer, Loss Control Specialists, Sales Officer, Risk Analyst

Average Salary: Rs. 3 lakhs to Rs. 8 lakhs

Subjects/Syllabus For M.Com in India

However M.Com course curriculum and course structure is regulated and most of the syllabus of the universities and the course structure is the same with a little differences in the subject names. Moreover in the Master of Commerce Syllabus there are compulsory main subjects which is the same in all the M.Com specializations and there are different elective subjects that if offered by the colleges. Similarly you can choose in the last years so that you can focus in a specific are of expertise. Subsequently besides theory classes, projects works, subjects assignments and internships and research work is also done. Likewise you have the opportunity to attend the various workshops and seminars to get more knowledge about this course.

1st Sem
  1. Paper/Course
  2. Advanced Financial Accounting
  3. Indian Financial System
  4. Managerial Economics
2nd Sem
  1. Research Methodology
  2.  Advanced Cost Accounting
  3. CO-Operation
  4. Human Resource Management
3rd Semester
  1. Core Group
  2. Advanced Management Accounting
  3. Statistical Techniques
4th Sem
  1. Core Group
  2. International Business Environment
  3. Project
  4. Foundation Group-1
  5. Direct Taxes or
  6. Computer Application in Business
  7. Foundation Group-2
  8. Indirect Taxes or
  9. Operations Research
  10. Elective Group-1
  11. Entrepreneurship Development
  12. Service Sector
  13. Management
  14. Elective Group-2
  15. E-Commerce or
  16. Company Law

 

Skills Required For M.Com In India

However M.Com stands for Masters in Commerce and is a 2 years PG course. Moreover if you want to pursue your career in banking, financial services, accounting, investment along with economics and marketing then this course is for you. Likewise M.Com course will allow you to work in almost all the sectors of the economy which makes it the most versatile course in India today. Moreover the insurance sector is perhaps one of the main sectors to employ M.Com graduates of the economy. Similarly M.Com is a famous course among the aspirants who want to pursue a career as a teacher or lecturer. Moreover M.Com is mainly about numbers, calculations, graphs. Moreover it is important that you have a sharp analytical skills and love numbers. Likewise here are some of the skills that is required for M.Com in India:

  • Logical Reasoning
  • Strong Analytical Skills
  • Eye for Details
  • Strength in Mathematics
  • Knowledge of Banking and Finance Sector
  • Ability to Remember Facts and Figures
  • Ability to Handle Pressure
  • Strong Verbal and Communication Skills
  • Leadership Qualities
  • Good with Computers

Jobs After M.Com in India

However after you complete your M.Com course you can look for M.Com Jobs in different departments or you can even choose to do certification courses like ACCA, CA, CMA, CFA, and many others. Moreover you can have job opportunities in government and private sectors to chose from if it is not limited to careers in banking, accounts and finance.

Job Name Average Pay (Per Annum)
Account Assistant Rs. 2.20 lakhs
Cost Accountant Rs. 5.16 lakhs
Business Consultant Rs. 9.86 lakhs
Investment Banker Rs. 9.4 lakhs
Marketing Manager Rs. 7.17 lakhs
Operations Manager Rs. 7.8 lakhs
Finance Consultant Rs. 3.6 lakhs
Stock Broker Rs. 3.50 lakhs
Assistant Professor According to Government Standards
Executive Assistant Rs.3.1 lakhs
Accountant Rs. 2.2 lakhs
Finance Manager Rs. 10 lakhs
Finance Analyst Rs. 3.9 lakhs
Senior Accountant Rs. 3.7 lakhs

 

Top Employers For M.Com In India

However almost every business organization be it international or an NGO needs commerce graduates in different capacities to run their departments like accounting and finance. Moreover there are banks and auditing sectors that hire M.Com degree holders in huge capacity. Likewise the top recruiters are auditing agencies, multinational companies, banks, finance firms, and many others. So let us take a look into some of the best and top recruiters.

  • HDFC Bank- Personal Banker, Operations Manager, Sales Officer, Assistant Branch Manager, Banking
  • KPMG
  • Amazon – Area Manager, SLP Specialist, Project Manager, etc.
  • PwC- Consumer Market Analyst, Customer UX Strategy, Third Party Risk Management Compliance
  • SBI- Assistant General Manager, Manager, Deputy Manager
  • Punjab National Bank- Manager, Senior Manager, etc.
  • Deloitte- Senior Analyst, Data Specialist, Informatica Cloud Developer
  • Grant Thornton- Assistant Manager-Risk Advisory, Manager, Growth Advisory, Tax Assistant Executive Compliance
  • IndusInd Bank- Team Lead, Program Manager, Relationship Manager
  • ICICI Bank- Relationship Manager/Solution Manager, Branch Sales Manager, Deputy Branch Manager
  • Ernst & Young-Financial Analyst, Accountant, Accountants Executive
  • Lodha & Co.- Indirect Tax Executive, Assistant/Deputy Manager, UI/UX Developer

Top M.Com Colleges in India

However M.Com is a 2 years course that needs quality education to those who needs managerial cadre in business and industry. Moreover it also serves the purpose of business studies and research and teaching. Likewise this course will improve your communication skills, teaching and research skills, logical reasoning, mathematical and statistical knowledge, analytical skills and business management skills. Similarly you can even opt for higher studies after completing your M.Com course. Moreover the M.Com college ranking has been done by different government and private agencies on the basis of different variables. Likewise here is the list of M.Com college and ranking by NIRF couples with India Today are as follows:

College Name NIRF Ranking
Hindu College, Delhi 3
Presidency College, Chennai 5
Loyola College, Chennai 6
St. Xavier’s College, Kolkata 7
PSGR Krishnammal College for Women, Coimbatore 10
Shri Ram College of Commerce, Delhi 12
Atma Ram Sanatan Dharma College, Delhi 13
Deen Dayal Upadhyaya College, Delhi 15
Madras Christian College, Chennai 17
Kirori Mal College, Delhi 19

 

Top M.Com Universities In India

However with the M.Com course you can work in almost all the sectors of the economy since M.Com course is one of the versatile courses in India at present. Moreover the insurance sector is one of the main sectors that will employ the M.Com graduates of the economy. Likewise you can take up M.Com course only if you have completed your bachelors course from a commerce background such as B.Com, B.Com Honors. However you have to score at least 50% marks in your graduation level to be eligible to apply for M.Com course. Similarly you will get admission on the entrance exam or on the basis of merit.

College Name QS Ranking
University of Delhi 474
Banaras Hindu University 1001-1200
Christ University 81-85
University of Allahabad 23
University of Mumbai 801-100
University of Calcutta 11
University of Madras 1660
Pondicherry University 801-1000
Mangalore University 43
University of Kerela 42

 

Frequently Asked Questions About M.Com

Is M.Com Better Than MBA?

However one can say that both M.Com and MBA both are good PG courses choices for a commerce students. But the at the same time both these courses are very different in many ways which includes the core focus areas. However MBA is a professional course that mainly focuses on the requirement of the industry and helping students to get better management jobs. Consequently M.Com is a course that targets the theoretical knowledge in the field of commerce. Moreover MBA will prepare you for a career in business administration and management whereas M.Com is an excellent course for the academic students in Finance and Commerce.

Likewise M.Com is a postgraduate course which includes a detailed study of the subjects like computer applications, finance, accounts and many others. Similarly its course curriculum includes management related subject but the focus of this course lies to enhance the theoretical knowledge of the students. Similarly an M.Com course will enhance your academic value and will help you to prepare for a career in core areas of commerce and commercial applications.

However MBA which stands for Master of Business Administration is perhaps a professional postgraduate course that will prepare you to take up managerial positions at the key sectors in business. Likewise MBA is also one of the most famous choice of course across different industries. Moreover in this course you will get to learn about the basic aspects of marketing, finance, sales and many others. Subsequently you will also get in depth knowledge on accounting, finance and other related subjects.

So if you are still confused as to which course is better among MBA and M.Com then here’s how you can decide which course is best for your interests and aspirations.

MBA Vs. M.Com

  • Cost: however the MBA course is usually an expensive course. Likewise on the basis of college we can say that you may have to spend at least Rs. 10 to 12 lakhs on MBA course.

Likewise an M.Com course is a very affordable course especially in the government colleges. Moreover you can complete an M.Com course within Rs. 1 lakhs.

  • Recognition: however an MBA course is very much known in India and in the global markets. Likewise M.Com is also a recognized course but it does not have much international recognition.
  • Who is The Course For: however in the case of MBA if you want to take up management positions in the private industries then you can surely take up MBA course.

However in case of M.Com you can take up this course if you want to take up teaching or research in finance and commerce fields

  • Core Recruiting Areas: in MBA the core recruiting areas include Advertising, Private Organizations, Analytics, Marketing, Specialized sectors, business administration.

However in case of M.Com the core recruiting areas include Taxation, financial research, banking and insurance, stock market, government jobs.

Does M.Com Have Any Value?

However yes M.Com course do have value. Moreover after you complete your M.Com course you can either look for jobs in different departments or you an choose to do certification courses like ACCA, CFA, CA, CMA, and many others. Likewise there are many corporate and government sectors that needs Master of Commerce students but however the growth rate of such is not very high. Moreover areas in private sectors are also open to M.Com graduates including Banking, BPO Industry, Accounting, Retail Industry, Consumer durable industry, automobile industry, and many others. Similarly the M.Com course graduates can start as a Finance Manager, Financial Advisor, Sales Officer, Tax Consultant, Accounts Manager, Cost Accountant, Company Law Assistant, and many others. Subsequently for M.Com graduates there are many job opportunities in government and private sectors to choose from if it is not limited to careers in finance, accounts and banking.

Is M.Com A Professional Degree?

However M.Com is not a professional course but is rather a course that focuses on academic and theoretical approach. M.Com stands for Master of Commerce and is a 2 years course.  Moreover if you want to pursue a careers in banking, financial services, accounting, banking, investment along with economics and marketing. Likewise the M.Com course will provide you with provides quality education that will serve the needs of managerial cadre in business and industry. Moreover it will also serve the purpose of research and teaching in business studies.

Similarly this course will improve your mathematical and statistical knowledge, analytical reasoning, teaching and research skills, logical reasoning, business management and many others. Subsequently if you are interested in becoming teachers, professors, lecturers then you can pursue higher studies like Ph.D for this course.

What Are M.Com Subjects?

However M.Com curriculum has been distributed into 4 semesters. Moreover the subjects of different M.Com specializations differ. Similarly during the first years of the course the same set of M.Com subjects are taught in all the course specializations. Subsequently in the second year if you choose for specialization then you have to opt for a set of elective subjects that is offered in the M.Com course. However in some cases you may also have to undertake internship projects in the final semester. Likewise the M.Com syllabus and course curriculum of the majority of the colleges in the country is almost the same with a little difference. Here is the list of compulsory subjects.

List Of Compulsory Subjects

Subjects Definition
Accounting and Managerial Decisions
  1. Accounting and Managerial decisions is the system of accounting for management that gives important information for the management for charging its management.
  2. This process includes controlling, decision making, organizing, planning, directing.
  3. Some of the important topics include Fundamentals of Accounting, Analysis of Financial Statements, Standard Costing, Cost Volume Profit Analysis, Budgeting and Budgetary Control
Computer Application in Business
  1. It is a two year course that will cover how you can solve the business problems using computer software.
  2. Likewise it will also help to manage data for decision making and also to prepare statistical reports, presentations, web pages, spreadsheets, publications.
Corporate Legal Environment
  1. However it is a body of law that governs the right, conduct of person, relations, businesses and organizations.
  2. Moreover this term refers to legal practice of law related to corporations or to the theory of corporations.
Financial Management
  1. However financial management refers to the strategic planning, controlling financial undertakings, directing in an organization or an institute.
Managerial Economics
  1. However managerial economics is perhaps a branch of economics that includes the application of economic methods in the managerial decision making process.
Statistical Analysis
  1. However statistical analysis is actually the science of collecting data and to uncover the patterns and trends. Moreover it is another way of saying statistics.
Business Environment
  1. However it refers to a sum or collecting all the internal and external factors like customer needs, clients, social trends, employees, management, market trends, technology, etc.
Corporate Financial Accounting
  1. However corporate finance accounting deals with financing, reporting, capital structure, analysis to help maximize returns and shareholder value.

Some More Compulsory Subjects

Corporate Tax Planning
  1. Likewise this is perhaps a means to reduce tax liabilities on a registered companies.
Economics of Global Trade and Finance
  1. However this means that all the measures regarding all international economic transactions between the reporting country and foreign countries.
Marketing behavior
  1. However marketing behavior will explore the nature of the psychology of the buyer and its influence on buying behavior in the context of marketing.
Strategic Management
  1. Likewise it is process of setting goals, objectives, process to make a company and organization more competitive.

 

List of M.Com Elective Subjects:

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

 

 

 

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List of Universities offering Mcom