M.Com
Get List of all M.Com courses along with Fees, Types, Admission dates, Top colleges, Placements & future scope.You'll get latest researched information on M.Com courses at educators.tuteehub.com
Full form of MCom is Masters of Commerce. M.Com is most popular among aspiring teachers/lecturers and researchers. UGC-NET/JRF and Ph.D. are among popular options for MCom degree holders. Admission to MCom in top universities is done through an entrance exam. Many universities offer merit-based admission to the course. MCom in India can be pursued as a full-time, part-time, distance or correspondence and online course. There are about 3500 private, government and public-private MCom colleges in India which provide the course.
What is MCom?MCom or Masters of Commerce is a two-year post-graduate level course ideal for candidates who wish to make a career in banking financial services and insurance (BFSI) as well as accounting and commerce sectors. The two-year course delves deeper into the functioning of the economy, capital, revenue, trade, taxes, etc. taught in B.Com. MCom is a very versatile course and gives the students to choose their careers in various fields.
Since M.Com is a specialised area in itself, only those candidates who have pursued B.Com or B.Com (H), can pursue the course. M.Com is also a good option for CA/CS candidates. The course fee of MCom ranges between INR 5,000 to INR 1,50,000. The ROI for the MCom course is good and the course can prove to be a good investment for students.
MCom Eligibility CriteriaThe eligibility criteria for MCom may differ from one college to another in terms of the total aggregate. Mentioned below are the general eligibility criteria for pursuing the MCom course:
Also Read: Top MCom colleges in India
MCom SpecialisationsMCom covers a wide area for study and research and has many specializations to offer besides MCom (General) and MCom (Honours) such as:
| 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) |
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:
| 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 banking and finance sector |
Good with computers |
Also Read:
In MCom, while core courses remain the same for all, candidates opting for specialisation have to choose from elective courses. Take a look at the MCom syllabus and topics generally taught in an MCom course of two years.
| 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 |
After completing MCom, a candidate can seek employment in the BFSI sector, opt for a teaching job or lecturer-ship or go for research. There are various job options for MCom degree holders in the private, public as well as government sectors. Nationalised banks, Railways, Income Tax and other such government departments are good options for MCom degree holders to aim for a secure and prosperous career. Some of the top job profiles for MCom degree holders are:
| 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 |
Every business organisation, whether it is an international conglomerate or an NGO, requires commerce graduates in various capacities to run their finance and accounting departments. Banks and auditing firms hire MCom degree holders in large capacity. Top recruiters include banks, multinational companies, finance firms and auditing agencies.
| Top MCom Recruiters |
|
|---|---|
| SBI |
Punjab National Bank |
| ICICI Bank |
Citibank |
| HDFC |
PricewaterHouse Cooper |
| RBS |
Deloitte |
| IndusInd Bank |
KPMG |
| Ernest & Young |
TFC |
Q: What is MCom?
A; MCom or Masters in Commerce is a two-year post-graduation degree offered at various colleges in India. The course is ideal for students who wish to pursue a career in banking, finance, accounting and different commerce sectors.Q: What are the eligibility criteria to apply for MCom?
A: The minimum eligibility criteria to apply for MCom is 50% aggregate in BCom or BCom (H) from a recognised university or college. Some universities also accept students who have completed their graduation in Economics (H), BBA, BFIA or BBE with a minimum of 60% aggregate.Q: Is there a concession for the reserved category students for MCom?
A: Yes, 5% relaxation is provided to candidates belonging to reserved categories.Q: What are the future opportunities for MCom graduates?
A: Students who successfully complete the MCom degree, have numerous career options worldwide. They can opt for various jobs in the public, private and government sectors. Chartered Accountants is one of the most popular job options for MCom graduates. Students can also opt to become Finance Executives, Bank Managers, Teachers, Trade Managers, Wealth Managers, Shares Broker, etc.Q: What is the average salary offered to MCom graduates?
A: The average salary of MCom graduates is approximately INR 5.1 lakh.Q: Are there any specialization for MCom?
A: Yes, the course has many specializations to offer besides MCom (General) and MCom (Honours) such as MCom in Mathematics, MCom in Finance, MCom in Economics, MCom in Taxation, MCom in Banking, MCom in Accounting, MCom in Business Management, etc.Q: Do I need to have any specific skill set to be able to study MCom?
A: MCom tests the applicant's analytical skills. Therefore the candidates who wish to pursue MCom must possess skills such as a love for numbers, strong logical reasoning skills, ability to remember facts and figures, good mathematic ability, strong verbal and communication skills, leadership skills, eye for detail, knowledge of banking and finance sector, good computer skills, etc.Q: Which are some the entrance exams for MCom admission?
A: Some of the top MCom entrance exams are the Institute of Chartered Accountant of India exam (ICAI), ICSI exam, ICWAI exam, PU CET (PG), etc.Q: Does DU offer MCom course?
A: Yes, Delhi University offers MCom course with various specialisations.Q: Which are some of the top recruiters who hire MCom graduates?
A: Some of the top recruiters who hire MCom graduates are SBI, Punjab National Bank, Citibank, ICICI Bank, HDFC, Deloitte, KPMG, TFC, Ernst and Young, etc.Q: What is the admission fee of MCom at DU's Open School of Learning?
A: The admission fee for MCom at Open School of Learning is INR 10,280 approx.| Course Level | Degree |
| Course Type | entry |
| Course Entry Level | PG |
| Duration | 18 months |
| Total Seats | 0 |
| Min Fees | 0 |
| Max Fees | 0 |
| Paid Course | Not Available |
