M.Com
The MCom, or Masters of Commerce, is a postgraduate degree program that lasts two years and is ideal for candidates who want to work in the accounting and business industries, as well as banking, financial services, and insurance (BFSI). The two-year course focuses more in-depth on the economy's operation, including the capital, revenue, trade, taxes, and other topics. taught at the B.Com. The Master of Business Administration (MCom) is a course that offers students a wide range of career options.
The course is only open to candidates who have completed a B.Com or B.Com (H) degree, as M.Com is a specialized field in and of itself. M.Com. is another viable option for CA/CS applicants. The MCom course fee ranges from INR 5,000 to INR 1,50,000. The MCom course has a good return on investment, and students may find it to be a wise investment.
MCom Course Details
• MCom full Form is Master of Commerce
• The average fees of the MCom course range between INR 5,000 to INR 150,000 per annum.
• The admissions to the MCom Courses are done on the basis of both merit list and entrance examination.
• The top MCom Colleges in India are Hindu College, Delhi, Mithibai College of Arts, Mumbai, Christ University, Bangalore, and many more
• The top entrance exams for MCom Admission are BHU PET, PU CET, AU CET, etc.
• Candidates can pursue MCom Courses in regular, online, and distance education modes.
• Distance MCom is suitable for working professionals. The average fees for MCom Course in distance mode ranges between INR 5000-INR 138,000.
• MCom Syllabus includes subjects such as Organisation Theory and Behaviour, Economic Analysis, Managerial Accounting, Marketing Management, etc.
• Candidates after completion of the course can land jobs in different profiles such as account assistant, cost accountant, business analyst, finance consultant, operation manager, and many more.
• The top recruiters are KPMG, PWC, State Bank of India, HDFC Bank, ICRA, etc.
• The average starting salary can be around INR 5 LPA across private and government sectors of banking, accounting, finance, and insurance.
• Candidates after completion of M.Com can go for higher education such as an MBA, CFA, CA, Ph.D., etc.
MCom Admission Process
Merit or an entrance exam is the criteria for admission to MCom courses. The admissions procedures are simple and straightforward. Either the graduation exam or your entrance exam must be successful. The imprints expected for the different MCom specializations fluctuate as indicated by the various schools/colleges. However, the fundamentals remain unchanged.
MCom Eligibility Criteria
In terms of the total, the MCom eligibility requirements may differ from college to college. The following are the general requirements for enrolling in the MCom program:
• The up-and-comer probably got at least half the total in BCom or BCom (Praises), or identical from a perceived college.
• Students who have completed Economics (H), BBA, BFIA, and BBE with a minimum score of 60% aggregate or the equivalent are also accepted into some universities.
• Students in the reserved category are entitled to a 5% mark reduction.
• Home-state students can also take advantage of mark reductions at state-level universities.
Why Do MCom Courses?
• Due to the financial advantages it offers, MCom courses are in high demand among students. To accelerate their careers, BCom graduates can choose the MCom program. There are a few good reasons to take an MCom course:
• a stepping stone for students futures, particularly for those who want to work as teachers. MCom can be a very good option for students who want to work in the banking, financial services, and insurance (BFSI) industries.
• Better career opportunities and a higher salary A lot of MCom candidates choose to take professional courses like CA, CS, or CFA. These courses are nearly harder to clear, thus, with MCom understudies generally have the choice of choosing higher examinations or occupations regardless of whether they in all actuality do well in the expert courses.
• hone your interpersonal, managerial, and leadership abilities.
• MCom is a good option for students who want to work as financial managers or auditors.
MCom Entrance Exam
Following are the top entrance exams considered for MCom admissions in India:
BHU PET
The exam is a university-level national examination that is conducted by Banaras Hindu University (BHU) for admission into PG courses, including MCom. Every year thousands of students appear for this exam across several exam centers in India in the hope to get admission to this reputed and highly acclaimed university.
Delhi University MCom Entrance Exam
This exam is conducted by Delhi University every year to admit deserving candidates into its many colleges offering MCom courses. A merit list is released mentioning all the affiliated colleges’ cut off and the basis on the student’s performance, he/she is granted admission into the college whose cut-off is cleared.
PU CET (PG)
PU CET is a state-level entrance exam conducted by Panjab University, Chandigarh for candidates seeking admission to its various PG courses and programs in different fields such as science, commerce, management, etc. Every year this offline exam is conducted in the month of May and June.
Allahabad University PGAT
It is a state-level entrance exam conducted by the University of Allahabad each year to allow students to take admission to its different PG-level courses. The mode of exam is usually offline mode whose application process starts in the month of March-April every year.
CUCET
This is a national-level examination regularly jointly by ten central universities. Conducted by the Central University of Rajasthan (CURAJ) in the month of April-May every year, this offline exam offers admission into various UG, PG, Diploma & Ph.D. programs of the participating universities and colleges.
AUCET
It is a state-level entrance exam conducted by Andhra University, Visakhapatnam offering admission in only PG courses. The affiliated colleges are Dr BR Ambedkar University, Srikakulam, along with Andhra University. This offline mode exam is usually conducted in the month of May-June every year.
SRMHCAT
It is the SRM Common Admission Test conducted by SRM University for providing admissions in management, engineering, and commerce courses of UG & PG level. It is an aptitude-based MCQ test of 150 minutes, hence the syllabus is the same for all the courses.
MCom Specialisations
MCom covers a wide area for study and research and has many specializations to offer besides MCom (General) and MCom (Honours) such as:
| Column1 | Column2 |
| List of MCom Specialisations | |
| MCom (Taxation) | MCom (Economics) |
| MCom (Mathematics) | MCom (Accounting) |
| MCom (Accounting & Finance) | MCom (Statistics) |
| MCom (Banking) | MCom (Finance) |
| MCom (Banking and Finance) | MCom (Finance & Control) |
| MCom (Marketing) | MCom (E-Commerce) |
| MCom (Business Management) | MCom (Computer Application) |
MCom Course: Required Skillset
The MCom course is largely about numbers, graphs, and calculations, hence, it is essential for an aspirant to have sharp analytical skills and a love for numbers. To pursue MCom and further make a career in the related field, one should possess the following skills:
| Column1 | Column2 |
| MCom Required Skillset | |
| Logical reasoning | Ability to remember facts and figures |
| Strong analytical skills | Ability to handle pressure (of course as well as work) |
| Strength in Mathematics | Strong verbal and communication skills |
| Eye for detail | Leadership qualities |
| Knowledge of the banking and finance sector | Good with computers |
MCom Syllabus
In MCom, while core courses remain the same for all, candidates opting for specialization have to choose from elective courses. Take a look at the MCom syllabus and topics generally taught in an MCom course of two years.
| Column1 | Column2 |
| Paper | Paper-wise Topics in MCom Syllabus |
| Organisation Theory and Behaviour | Organisational Theories and Behavior: Classical, Neo-classical and Contemporary |
| Authority, Power, Status, Formal and Informal Structure, Flat and Tall structures | |
| Bureaucratisation of Organisations, Organisational Behaviour-Concepts, Determinants | |
| Models, Challenges and Opportunities of OB | |
| Statistical Analysis | Probability and Expectation: Approaches to Probability, Addition, Multiplication and Bayes Theorem, Mathematical Expectation |
| Probability Distribution: Binomial, Poisson, Exponential, Beta and Normal Distributions | |
| Statistical Decision Theory | |
| Economic Analysis | Firm and its Objectives: Theories of the Firm, Managerial Theories, Behavioural Approaches, Growth Theories, Satisfying Theory, etc. Relevance of Profit Maximization in the Modern Context |
| Consumer Behaviour: Determination of Demand. Type of Goods and the Demand Function, Indifference Curve Analysis, Indifference Preference and Slutsky’s Analysis of Demand, Revealed Preference, Theory of Attributes, Snob Appeal, Bandwagon Effect and the Demand Function, Inter-temporal Demand Function and Demand for Durable Goods | |
| Financial Management and Policy | Financial Management: Nature, Objectives and Scope, Financial Decision-Making and Types of Financial Decisions, Role of a Finance Manager in a Firm and Agency Problem, Risk-Return Framework for Financial Decision-Making |
| Capital Budgeting Decisions: Nature and Kinds of Capital Budgeting Decisions, Techniques of Evaluating Capital Budgeting Decisions, Capital Budgeting Decisions Under Constraints and with Multiple Objectives using Mathematical Programming Models | |
| Managerial Accounting | Management Accounting: Nature and Functions, Financial vs Management Accounting, Cost vs Management Accounting, Role of Management Accountant, |
| Cost Concepts and Classifications | |
| Activity Based Product Costing: Concept and Uses, Emerging Costing Approaches | |
| Variable and Absorption Costing: Concept, Comparison, Applications of Variable Costing, Preparation of Income Statement | |
| Business Environment | Basic IS-LM Frame-Work, Asset Markets, Demand for and Supply of Real Balances and Interest Elasticity, Implications of Modified IS and LM Functions on Relative Efficacy of Fiscal and Monetary Policies. Short and Long Run Aggregate Supply and Shifts in Aggregate Supply, Aggregate Demand, Aggregate Supply and Price Level, Interaction of Aggregate Demand and Aggregate Supply and Determination of Real Income, Shifts in Aggregate Demand and Demand Management Policies |
| Exchange Rate Regimes, Foreign Exchange Markets, Asset Choices in an Open Economy and Capital Flows, Trade Flows, External Balances, IS-LM-BOP Curve Analysis and Implications for Policy Choices | |
| Expectations and Economic Behavior | |
| Quantitative Techniques for Business Decisions | Introduction: Quantitative Approach to Management Decision Making |
| Linear Programming | |
| Transportation: Solving the Problem, Testing Optimality MODI Method | |
| Integer Programming: Problem Formulation and Solution | |
| Marketing Management | Introduction: Traditional View of Marketing, Evolution of Marketing Concept, Modern Concept of Marketing, Marketing Functions and Role, Marketing Management Process-A strategic perspective |
| Marketing Environment | |
| Buyer behavior | |
| Strategic Management | Introduction: Concept and Role of Corporate Strategy, Levels of Strategy, Basic Model of Strategic Management |
| Strategic Analysis: Analysis of Broad Environment- Environmental Profile, Constructing Scenarios | |
| Strategic Choice | |
| Strategic Implementation | |
| Accounting Theory and Practice | Accounting Theory: Nature and Scope, Accounting methodology, Different approaches to theory construction. |
| Conceptual Framework of Financial Accounting and Reporting | |
| Issues in accounting standard setting. Accounting standards in India. Income concepts for financial reporting | |
| International Business | International Business: Importance, Nature and Scope, Modes of Entry into International Business, Management of International Business Operations - Complexities and Issues, IT and International Business, India’s Involvement in International Business |
| Theoretical Foundations of International Trade: Reasons for International Trade, Theories of International Trade, Gains from Trade, Foreign Trade Multiplier, Terms of Trade | |
| Human Resource Management | Nature of Human Resource Management, Concepts, Functions, Themes and Controversies |
| HRM, Job Analysis and Job Design | |
| Business Strategy and Human Resource Strategy |
MCom: Job Profiles and Top Recruiters
A candidate with an MCom degree can pursue research, teaching, or lecturership, or work in the BFSI industry. MCom graduates can work in the private, public, and government sectors in a variety of capacities. For MCom graduates looking for a stable and lucrative career, nationalized banks, railways, Income Tax, and other government agencies are good options. The following are some of the most desirable job roles for MCom graduates:
| Column1 | Column2 |
| MCom Job Profiles | Average Salary (in INR) |
| Accountant/Senior Accountant | 2.5 LPA |
| Finance Executive | 4.15 LPA |
| Assistant Manager | 6.2 LPA |
| Cashier/Teller | 2 LPA |
| Chartered Accountant | 8 LPA |
| Bank Manager | 7.9 LPA |
| Business Analyst | 6 LPA |
| Securities Analyst | 4.9 LPA |
| Share Broker | 4 LPA |
| Wealth Manager | 7.2 LPA |
| Trader | 3 LPA |
| Teacher | 4 LPA |
| Researcher | 6.8 LPA |
| Auditor | 4.8 LPA |
| Finance Manager | 9.8 LPA |
| Insurance Agent | 2.4 LPA |
| Market Analyst | 4.6 LPA |
| Investment Banker | 9.09 LPA |
| Risk Analyst | 5.16 LPA |
| Company Secretary | 5.9 LPA |
| Cost Accountant | 5.9 LPA |