M.Com
M.Com (Master of Commerce) , M.Com Eligibility Criteria, M.Com Syllabus, M.Com scope, M.Com Admission Process, M.Com FAQs
M.Com, short for Master of Commerce, is a postgraduate level course that deals with advanced studies in commerce, accounting, finance, banking, and economics. The course duration is generally two years, divided into four semesters. The program aims to provide a deeper understanding of the subject matter and helps students to enhance their skills in areas such as accounting, taxation, auditing, financial analysis, etc.
The M.Com curriculum includes various subjects such as Financial Accounting, Cost Accounting, Income Tax, Business Management, Business Law, Auditing, Marketing Management, etc. The course also includes research-based projects and case studies to develop practical skills and analytical abilities in students.
M.Com is an excellent choice for commerce graduates who wish to pursue a career in the fields of banking, finance, accounting, and related areas. The course helps in developing a strong foundation in these areas, making it easier for students to secure senior positions in reputed organizations. Additionally, M.Com provides an opportunity for students to pursue further research in the field of commerce and related areas.
Some of the popular specializations in M.Com include:
- Accountancy
- Finance
- Taxation
- Banking and Insurance
- E-commerce
M.Com degree holders can find opportunities in various sectors such as finance, banking, accounting, taxation, government organizations, etc. The course opens up job profiles like financial analyst, auditor, tax consultant, investment banker, accounting professional, etc.
M.Com Eligibility
To be eligible for M.Com admission, candidates should have completed their undergraduate degree in Commerce or a related field with a minimum of 50% aggregate marks. Some universities may also require candidates to have studied specific subjects at the undergraduate level. Additionally, candidates may also have to clear entrance exams and/or interviews conducted by the respective universities or colleges. It is advisable to check the specific eligibility criteria of the universities/colleges one is interested in before applying.
Why to do M.Com ?
M.Com or Master of Commerce is a postgraduate program that provides advanced knowledge and skills in commerce, accounting, banking, economics, and related fields. Here are some reasons why one should consider doing an M.Com:
Enhance Knowledge and Skills: M.Com offers advanced knowledge and skills in commerce and related fields that can enhance the candidate’s expertise in various domains.
Better Career Opportunities: An M.Com degree can open up various job opportunities in accounting, finance, banking, and related fields. The program offers practical training and exposure, which can be beneficial for the candidate’s career growth.
Higher Salary: A postgraduate degree in commerce can lead to higher-paying jobs in the industry. M.Com graduates can expect to earn more than those with only a bachelor’s degree in commerce.
Pursue Higher Education: An M.Com degree can also provide a foundation for further studies, such as Ph.D. or M.Phil.
Personal Development: Pursuing an M.Com degree can help in personal development, including time management, decision-making, and problem-solving skills.
Overall, M.Com degree can offer a wide range of career opportunities, personal growth, and financial stability.
Highlight in M.Com
Here are the highlights of the M.Com program :
| Program Name | Master of Commerce (M.Com) |
|---|---|
| Level | Postgraduate |
| Duration | 2 years |
| Eligibility | Bachelor’s degree in Commerce or related field |
| Admission Process | Merit-based or Entrance Exam based |
| Top Entrance Exams | DUET, JNU CEEB, BHU PET, AMU Entrance Exam |
| Specializations | – Advanced Accounting <br>- Marketing <br>- Business Management <br>- Business Economics |
| Job Profiles | – Accountant <br>- Financial Analyst <br>- Tax Consultant <br>- Business Development Manager |
| Average Salary | INR 3-6 LPA |
| Top Recruiters | HDFC Bank, ICICI Bank, Deloitte, EY, KPMG, TCS |
Note: The information provided in the table is indicative and may vary from institute to institute.
Admission Process (2024) in M.Com
The admission process for M.Com programs may vary depending on the institution. However, here are some general steps that candidates can follow:
Application: The first step is to fill out the application form for the M.Com program, which is usually available online on the institution’s website.
Entrance Exam: Some universities or colleges require candidates to take an entrance exam such as the Common Admission Test (CAT), Common Entrance Test (CET), or Graduate Management Admission Test (GMAT).
Merit-Based Admission: Some universities admit candidates based on their academic performance in their undergraduate degree program.
Group Discussion/Personal Interview: Some universities conduct group discussions or personal interviews as a part of the selection process.
Final Selection: After completing all the steps, the final selection is made based on the candidate’s performance in the entrance exam, academic record, and other selection criteria set by the institution.
Admission Offer: Once a candidate is selected, the institution will send them an offer of admission, along with the details of the program, fee structure, and other relevant information.
Acceptance of Admission: Candidates need to accept the admission offer by paying the admission fee and completing other formalities within the given deadline.
It is important to note that the admission process may vary depending on the institution and program requirements. Therefore, candidates are advised to check the specific admission process and requirements of the institution they wish to apply to.
Syllabus of M.Com
The syllabus for M.Com may vary depending on the university and the specialization chosen by the student. However, some of the common topics covered in the program are:
Semester 1:
- Accounting Theory and Practice
- Managerial Economics
- Corporate Financial Accounting
- Research Methodology
- Business Statistics
Semester 2:
- Corporate Law and Laws Governing Capital Markets
- Cost Accounting
- Direct and Indirect Taxation
- E-commerce and Digital Marketing
- Entrepreneurship Development
Semester 3:
- Financial Management
- Auditing
- International Business
- Banking and Financial Systems
- Principles of Marketing
Semester 4:
- Strategic Management
- Human Resource Management
- Insurance and Risk Management
- Project Planning and Control
- Ethics and Corporate Governance
Note: The above-mentioned syllabus is indicative and may vary depending on the university and specialization.
Scope After M.Com
After completing an M.Com degree, there are various career opportunities available for the graduates in both public and private sectors. Here are some career opportunities available for M.Com graduates:
Accountant: M.Com graduates can work as accountants and handle the financial operations of the organization.
Banking and Finance: M.Com graduates can find job opportunities in banks, insurance companies, and other financial institutions.
Taxation: M.Com graduates can work as tax consultants or tax auditors and help individuals or organizations to file their tax returns.
Business Analyst: M.Com graduates can work as business analysts and provide insights into the financial operations of an organization.
Teaching and Research: M.Com graduates can pursue higher studies such as Ph.D. and become professors or researchers in the field of commerce.
Entrepreneurship: M.Com graduates can start their own businesses and become entrepreneurs.
Government Jobs: M.Com graduates can also find job opportunities in government departments such as the Income Tax Department, Public Sector Banks, and other government organizations.
Overall, M.Com graduates have a wide range of career opportunities available, and they can choose the field that best suits their interests and skills.
Frequently Asked Questions M.Com Admissions
Question: What is M.Com?
Answer: M.Com or Master of Commerce is a postgraduate degree program that provides in-depth knowledge of various aspects of commerce and finance.
Question: What is the eligibility criteria for M.Com?
Answer: The eligibility criteria for M.Com vary from college to college. However, most colleges require candidates to have a bachelor’s degree in commerce or a related field with a minimum of 50% marks.
Question: How long is the M.Com course?
Answer: The M.Com course is typically two years long, divided into four semesters.
Question: Can I pursue M.Com after completing my bachelor’s degree in a field other than commerce?
Answer: Yes, you can pursue M.Com even if you have completed your bachelor’s degree in a field other than commerce. However, you may have to take some additional courses to make up for the lack of commerce background.
Question: What is the admission process for M.Com?
Answer: The admission process for M.Com varies from college to college. However, most colleges conduct an entrance exam followed by a personal interview or group discussion.
Question: Is M.Com a good course?
Answer: Yes, M.Com is a good course for those who want to make a career in finance, accounting, or commerce. The course provides in-depth knowledge of various aspects of commerce and finance, making it an excellent choice for those interested in these fields.
Question: What is the fee for an M.Com course?
Answer: The fee for an M.Com course varies from college to college. However, the average fee for the course ranges from Rs. 20,000 to Rs. 2,00,000 per year.
Question: Can I pursue M.Com through distance learning mode?
Answer: Yes, many universities offer M.Com through distance learning mode. However, it is essential to ensure that the university you choose is recognized by the University Grants Commission (UGC) and the Distance Education Council (DEC).
Question: What is the salary package after M.Com?
Answer: The salary package after M.Com varies depending on the job profile and the organization. However, the average salary range for an M.Com graduate is between Rs. 3,00,000 to Rs. 7,00,000 per year.
Question: What are the career options after M.Com?
Answer: Some of the popular career options after M.Com are:
- Accountant
- Financial Analyst
- Tax Consultant
- Banking and Insurance Professional
- Auditor
- Investment Banker
- Stock Broker
- Business Consultant
Request Info
If you have any questions or would like to learn more about our services, please feel free to reach out to us. We are always happy to help and answer any queries you may have.
You can contact us through our email or phone number, which can be found on this page. Our support team is available 24/7 to assist you with any issues or concerns you may have.
At Education Beast, we believe in providing our students with the best possible experience. Therefore, we welcome all feedback and suggestions to help us improve our services and cater to your unique needs. We look forward to hearing from you soon!
