MCom – The Master of Commerce (M.Com) is a two-year postgraduate or master’s degree programme given in business institutions across India, with the goal of improving one’s skills and knowledge in fields such as commerce, finance, management, accounting, and economics, among others. M.Com in India is a postgraduate degree that is aimed to provide students with in-depth information and comprehension of numerous facets of commerce and banking.
M.Com has become one of the most popular alternatives for B.Com and B.Com (Hons) graduates across India since it provides a deeper understanding of business and management, which is critical for the smooth operation of enterprises and organisations. The program is successful in establishing a route for future researchers, instructors, and professors with its wide curriculum in the fields of commerce, banking, finance, marketing, and management, among others.
M.Com colleges in India have a unique curriculum that allows students to identify a mix of core and elective courses, ensuring that each graduate is well-versed in a variety of subjects, making them more appealing to employers. While the more advanced classes will provide students with substantial training in areas such as business, accounting, and specialisation-specific training. Along with their M.Com degree, aspirants will be able to choose a specialisation, making them experts in the field of commerce.
What is MCom?
A postgraduate degree in commerce, accounting, management, and economics is known as a Master of Commerce (M.Com). The two-year degree programme prepares students for careers in the corporate and financial sectors. Accounting, taxation, finance, and human resource management are among the specialisations available.
This is a four-semester choice-based credit system course that has been approved by the University of Georgia. Students receive an academic degree from the individual university, which is labelled as a Master of Commerce, after finishing a two-year study. The programme prepares students for careers in chartered accounting, company secretaryship, cost and work accounting, and insurance and banking services. Higher education can also be pursued, with the goal of becoming a lecturer or assistant professor at a university.
What is M com full form?
Master of Commerce, or M Com, is a postgraduate course in the subject of commerce. Major applicants who earn a B.Com degree go on to earn an M.Com. It is one of the most popular courses for students with a business background.
Types of degree – A Master of Commerce (M.Com) is a postgraduate degree in the field of commerce. Universities provide a two-year degree programme in this field. Students receive an academic degree from the relevant university that is labelled as a Master of Commerce after finishing a two-year degree programme.
Why Choose MCom?
In terms of auditing the financial industry in the organisation, corporate financial accounting and corporate tax planning are just a few of the requirements of today’s company sector. Accounts Assistants, accountants, business analysts, and financial analysts are some of the most lucrative M.Com job prospects in terms of recruitment.
In this era of startups and entrepreneurship, positions such as market analyst and operations manager are in high demand and can be filled by M.Com graduates. Internships in large organisations such as Infosys and Dell will add a lot of weight to the resumes of M.Com professionals in terms of experience.
Applicants can either continue their education or pursue careers in statistics, taxation, accounting and finance, banking, and insurance, among other fields. For recent postgraduates in commerce, law school is a very popular choice.
MCom Course Eligibility Criteria
The following are the essential requirements for enrolling in this course.
- At least of 50% in BCom or BCom Hons or equivalent from a recognised university is required of candidates.
- Some colleges also consider candidates who have earned a Bachelor’s degree in Economics and Statistics, BFIA, BBS, or BBE from a recognised university with a minimum aggregate score of 60% or comparable.
- In government universities, students in the Reserved category are eligible for up to a 5% mark relaxation.
- For entrance to the MCom program, there is no maximum age limit.
MCom Courses Admission Process
Admission to the M.Com programme is either based on merit or an entrance exam administered by the university/institute:
Merit Admissions – The majority of M.Com colleges in India admit students based on their academic merit. Candidates will be selected for the program if they meet the M.Com eligibility requirements set forth by the college in question.
Entrance Exam Admissions – Admission to the M.Com program is done on the basis of an admissions test at some universities. Entrance exams are held at universities such as Christ University, Delhi University, and Amity University. Applicants who pass the entrance exam will be considered for M.Com admissions at their chosen college.
Here is given below some popular entrance exams.
MCom Course Preparation Tips
Every course requires thorough preparation, and course preparation tips are essential for effective preparation. The following are some course preparation tips for the M.Com course.
- Read and Practice – It is critical to read and practise the subjects on a regular basis. Basic mathematics is covered throughout the M.Com course, and it is critical to practise on a regular basis.
- Have intrinsic knowledge and interest in subjects – We can only get good grades if we are interested in the subjects, and this interest should be nurtured together with a thorough understanding of the subject.
- Methodically revise – For any course, revision is critical. The key to getting good grades is to revise on a regular basis. Regularly revising will assist the learner in better understanding the material and achieving good grades.
- Prepare a timeline – It is critical to prepare a timetable since it will assist students in scheduling their activities and allocating time to each course.
MCom Course Fee structure
The usual course expenses for an M.Com aspirant range from INR 5,000 to INR 1 lakh per year. This price varies according to the college/university/institution to which the applicant desires to be admitted, the prestige, faculty, infrastructure, and placement history of the relevant college/university/institution, as well as government and management quota.
The M.Com programme offers a variety of specialisations. The following are some of the specialisation possibilities accessible to M.Com students.
- M.Com in Accounting
- M.Com in Finance
- M.Com in Marketing
- M.Com in Human Resources Management
- M.Com in Taxation
- M.Com in International Business
- M.Com in Entrepreneurship
- M.Com Business Management
- M.Com in Corporate Law
- M.Com in Industrial Business
- M.Com in Operations Management
- M.Com in Management Accounting
- M.Com Computer Applications
The themes are quite significant, and the M.Com course covers a wide range of topics in commerce. The following are the subjects that make up the M.Com course curriculum.
- Accounting for Managerial Decisions
- Business Environment
- Computer Applications in Business
- Computer Financial Accounting
- Corporate Legal Environment
- Corporate Tax Planning
- Economics of Global Trade and Finance
- Financial Management
- Management Concepts and Organisation Behaviour
- Managerial Economics
- Marketing Management
- Statistical Analysis
- Strategic Management
- Banking & Finance
- Commercial Bank Management
- Entrepreneurial Management
- Financial Bank Management
- Financial Markets
- Human Resource Management
- International Finance
- Investment Management
- Research Methodology in Commerce
- Financial Institutions and Markets
- Project Planning
- Control Security Analysis
- Portfolio Management
- Advertising and Sales Management
- Consumer Behaviour
- Marketing Research
- Foreign Trade Policy
- International Business Environment
- International Marketing
MCom Higher Studies
Students who intend to pursue higher education after completing their M.Com should be aware of the many higher education alternatives accessible. Candidates can choose an area depending on their skills and interests.
Doctoral programmes necessitate a high level of commitment on the part of the candidates. There are also fellowship programmes and certificate courses available. The applicant must decide whether to enrol in long-term or short-term courses. Long-term courses include the following.
- Master of Business Administration
- Chartered Accountant
- Chartered Financial Analyst
- B. Ed
Aspirants can obtain positions in both the public and private sectors after completing their M.Com. Many graduates, on the other hand, choose to pursue an M.Com in order to apply for a Junior Research Fellowship and take the UGC NET. After earning an M.Com and passing the exams, you will have more options in research and teaching. The following are some of the top recruiting firms and career opportunities for M.Com graduates.
MCom Job Profiles
M.Com graduates have a wide range of profitable work options in a wide range of fields with high employment potential, as noted below.
- Investments Analyst
- Accounts Assistant
- Investment Banker
- Assistant Accountant
- Market Analyst
- Marketing Manager
- Business Analyst
- Money Manager
- Operations Manager
- Corporate Analyst
- Personal Finance Consultant
- Executive Assistant
- Risk Analyst
- Finance Manager
- Securities Analyst
- Financial Analyst
MCom Top Recruiters
The following are the recruiters for all those who are completed their MCom.
- YES Bank
- Nestle India
- Cadbury India
- State Bank of India
- Railway Recruitment Board
- Canara Bank
- Asian Paints India
An aspirant’s average course income after completing an M.Com programme is INR 4 lakh per year. This value varies depending on the sector and company where the aspirant works, as well as the aspirant’s dedication, diligence, and seniority.
Here is given below the list of Some reputed colleges and universities to pursue MCom courses.
- Sri Ram College of Commerce [SRCC], New Delhi
- Lady Sriram College for Women, New Delhi
- Loyola College, Chennai
- Christ University, Bangalore
- St. Xavier’s College, Kolkata
- Anil Surendra Modi School of Commerce, Mumbai
- Symbiosis College of Arts & Commerce, Pune
- St. Joseph’s College of Commerce, Bangalore
- Hans Raj College, Delhi University
- Madras Christian College, Chennai
Frequently Asked Questions
Aspirants must fill out an online application on the college or university’s website. Shortlisted candidates will be chosen on the basis of merit or an entrance exam.
Aspirants can pursue careers in Chartered Accountancy (CA), Company Secretary (CS), Cost and Work Accountancy (CWA), Insurance, and Banking after completing the two-year degree.
Here is given below the name of some popular colleges where anyone can complete their M.Com.
Shri Ram College of Commerce
St. Joseph College
Stella Maris College for Women
St. Xavier’s College
Sri Guru Gobind Singh College
M.Com specialities include finance, computer application, accounting, taxation, and human resource development management.
After completing your M.Com, you will have a lot of opportunities in academia. Aspirants must take the UGC NET/JRF examination. Aspirants will be offered NET or both NET and JRF positions based on their UGC score. Candidates who pass the UGC NET/JRF are eligible to teach in colleges or pursue a Ph.D. after passing the exam.