Master of Commerce (M.Com)
M.com is a two-year postgraduate program, that builds on your B.Com knowledge by offering advanced studies in specific areas like accounting, finance, taxation, commerce, management, investment, economics or marketing. This program offers high-quality education to students, addressing the requirements of managerial positions in business and industry and facilitating research and teaching in business studies. M.Com program develops critical thinking, enhances analytical abilities, communication competencies, mathematical and statistical acumen that builds business management expertise, and fosters teaching and research proficiencies. The M.Com course allows students to work in various sectors of the economy and is expected to grow USD 1 Trillion by 2025, opening up new job prospects for M.Com graduates. Students who have completed their Bachelor’s degree in commerce domain can apply for both regular M.Com and distance M.com. It is considered as entry point into occupations such as chartered accountancy, company secretary, cost and work accountancy, as well as insurance and banking services. Those who desire to become a lecturer or assistant professor have to enroll in PhD courses after the completion of the MCom course.
Eligibility Criteria
Eligibility criteria for M.Com programs varies depending on the university or institution you’re applying to. Some general requirements include:
- A Bachelor’s degree in Commerce (B.Com) or a related field like Business Administration (BBA), Economics (B.A. or Sc.), or Management (B.B.M.) from a recognized university.
- Students need to secure a minimum of 50% aggregate in their bachelor’s degree. Some universities may have higher or lower cut-offs depending on the program and competition.
- Students belonging to Reserved category are entitled to marks relaxation of up to 5% in government universities.
- There is no upper age limit for Com course.
Entrance Exams
Many universities conduct entrance exams to assess your knowledge of commerce subjects and your aptitude for postgraduate studies. Some common M.Com entrance exams include:
- Central Universities Common Entrance Test (CUET PG): A national-level entrance exam for admission to various postgraduate programs in central universities across India, including M.Com.
- University Grants Commission National Eligibility Test (UGC NET): Primarily for those aspiring for lectureships or research positions, but some universities consider UGC NET scores for Com admissions as well.
- Institute/University-Specific Entrance Exams: Many universities conduct their own entrance exams for M.Com programs. These exams are designed to test your knowledge of the specific curriculum offered by the
Tips for M.Com Entrance Exams
- Start preparing your entrance exam early. Many resources are available online and offline like mock tests, sample papers, and previous years’ question papers that will help you.
- Identify the areas where you need more practice and focus your preparation on those areas.
- Time management is important during the entrance exam. Practice solving previous years’ question papers within the stipulated time limit.
- Stay calm and have a positive attitude during the It can help you to go a long way and you perform well.
Types of MCom
Regular MCom
- Regular Com courses are offered for a duration of two years. Students must attend traditional class on a regular basis.
- The admissions provided to M.Com Courses are on the basis of merit or entrance exam.
- The Hindu College, Christ University, University of Calcutta, etc. are top colleges in India that offers M.Com program.
- Com Specialization includes Accounting and Finance, financial management, Business management, statistics , etc.
Part-Time MCom
- Part time Com courses are also available for 2 years.
- Different colleges such as Nalanda open University, Birla Global University, ICFAI Dimapur, etc. offers part time M.com
- Here admissions are based upon Merit list that is prepared from the marks obtained at the graduation level.
Distance MCom
- Distance Com courses are prepared for working professionals or aspirants who cannot attend classes on a regular basis.
- Candidates seeking for the distance education course must enquire that the courses are approved by the Distance Education Board and UGC.
- The courses are offered by IGNOU, Lovely Professional University, Annamalai University, Karnataka State Open University and many more.
- The average duration of this course is 2-5
Specializations
M.Com in Finance
- Financial Institutions and Markets: Discusses interest rate, financial markets, banking, financial services, and financial inclusion.
- Security Analysis and Portfolio Management: covers the analysis of fixed income securities, equity analysis, portfolio analysis, management, and financial derivatives.
- International Financial System: Concentrates on the international monetary system, exchange rate determination and forecasting, international financial market, international banking, and financial
M.Com in Marketing
- Management of advertising and sales: This field deals with the organisation and evaluation of advertising efforts. It covers basics of personal selling, sales planning, and organisation.
- International Marketing: This specialisation involves international product planning and pricing decisions, international distribution decisions, international promotion strategies, and emerging trends in international marketing.
- Understanding consumer Behaviour: This area explores the consumer decision-making process, individual differences in consumers, socio- cultural determinants of consumer behaviour.
- Supply Chain Management and Logistics: This discipline deals with management relationships, logistics and supply chain management, challenges in logistics, and supply chain.
M.Com in Human Resource Development
- Human Resource Development: It includes HRD activities and application as well as trends and practices in HRD.
- Management of Industrial Relation: This area covers the management of industrial relations, focusing on the structure, evolution, conflicts, and disputes, trade unions, negotiation, collective bargaining, and industrial
- Strategic Human Resource Management (SHRM): This area deals with implementing strategic human resource management, and trends and issues in SHRM.
- Compensation Management and Employee Welfare Laws: This area encompasses on various acts related to workforce management, including payment, wages, compensation, and maternity benefits.
M.Com in Accounting
- Taxation: Covers studies related to taxation problems, tax-related literature, tax reviews, and other relevant areas.
- Computer Application is a software designed for end-users which includes a word processor, a spreadsheet, an accounting application, a web
Career Opportunities After M.Com
An M.Com degree opens doors to a broad range of career paths in various sectors. Prominent options:
Accounting and Finance:
- Chartered Accountant (CA): A highly sought-after qualification, a CA verifies financial statements, audits companies, and provides tax advice. (Requires a separate entrance exam)
- Certified Public Accountant (CPA): Similar to a CA, a CPA focuses on accounting, auditing, and tax services for individuals and (May require additional exams depending on the country)
- Cost Accountant (CMA): Manages an organization’s financial costs, ensuring efficient resource allocation. (Requires a separate entrance exam)
- Management Accountant: Analyzes financial data to support management decisions, budgeting, and forecasting.
- Financial Analyst: Researches and analyzes financial markets and investments, recommending strategies to clients.
- Auditor: Reviews financial records for accuracy and compliance with
- Tax Accountant: Prepares tax returns, advises on tax implications, and helps clients minimize tax liabilities.
Banking and Financial Services:
- Investment Banker: Facilitates mergers, acquisitions, and other financial transactions for businesses and governments.
- Treasury Manager: Manages an organization’s financial assets, including cash flow, investments, and risk management.
- Loan Officer: Evaluates loan applications, assesses creditworthiness, and approves or denies loans.
- Financial Advisor: Provides financial planning and investment advice to individuals and businesses.
- Risk Analyst: Identifies, assesses, and mitigates financial risks faced by an organization
Other Industries:
- Management Consultant: Advises companies on various aspects of their business, including strategy, operations, and human resources.
- Market Research Analyst: Conducts research to understand market trends, consumer behavior, and competitor activity.
- Economist: Studies economic trends, analyzes data, and forecasts future economic conditions.
- Business Analyst: Analyzes business processes, identifies areas for improvement, and recommends solutions. (Can involve data analysis skills)
- Data Analyst: Cleans, analyzes, and interprets data to generate insights that inform business decisions. (M.Com with additional data science courses can be beneficial)
Government Jobs:
- Indian Revenue Service (IRS) Officer: Assesses taxes, investigates tax evasion, and collects taxes for the government. (Requires a separate entrance exam)
- Assistant Professor: Teaches commerce subjects in colleges and universities. (Require a Ph.D. for higher positions)
- Other Government Positions: Many government departments, like banking and finance, recruit M.Com graduates for various roles.
1. What is M.Com and why M.Com?
M.Com is a master’s degree in Commerce, that spans over a period of two years and designed to provide advanced business knowledge and specialized expertise in accounting, management, finance, economics and related areas.
2. What is the salary offered to M.Com graduates?
Typically, salary offered for M.Com graduates in India is approximately 3- 6 LPA. M.Com graduates salaries depends on factors like experience, location, industry and their specialization.
3. What is the av3. Name the top recruiters for M.Com graduates?erage annual course fee for BFA?
M.Com graduates have the opportunity to pursue careers in various companies such as KPMG, Deloitte, Boston Consulting Group, Accenture, McKinsey & Company, SBI Bank, and HDFC Bank and many more.
4. Name some top colleges that offers M.Com programes?
Shri Ram College of Commerce, Hansraj College, St. Joseph College, Stella Maris College for Women, St. Xavier’s College, and Sri Guru Gobind Singh College are all among the top colleges for M.Com.
5. What is the duration of M.Com?
It lasts for two years but one can complete it in 2-5 years.
6. Which are some popular colleges for BFA?
Chandigarh University, Mangalayatan University, and Kurukshetra University are some well-known colleges offering BFA programs.
