MCom, or Master of Commerce, is a two-year post-graduate study designed for applicants interested in banking, financial services, and insurance (BFSI), as well as accounting and commerce. The two-year course digs further into the economy’s functioning, capital, revenue, commerce, taxes, and other topics covered in B.Com. MCom is an extremely adaptable subject that allows students to pursue professions in a variety of industries. Because M.Com is such a specialised field, it is only open to individuals who have completed a B.Com or B.Com (H) degree. For CA/CS applicants, M.Com is also a viable alternative. However, because CA/CS courses may only be studied after Class 12, few CA/CS applicants study MCom. The cost of an MCom course ranges from INR 5,000 to INR 1,50,000. The MCom course has a strong return on investment and might be a worthwhile investment for students.
Masters of Commerce (M.Com) Highlights:
|Full-Form||Master of Commerce|
|Age Between||20 years or above|
|Eligibility||Bachelor of Commerce|
|Course Fees||INR Rs. 1 to 2 Lakh INR Rs.|
|Average Starting Salary||INR Rs. 40000 to 60000 INR Rs.|
|Assistant Accountant, Market Analyst, Accountant, Marketing Manager, Investments Analyst, Accounts Assistant, Investment Banker, Business Analyst, etc.|
The following are the essential requirements for enrolling in this course:
- A minimum of 50% in BCom or BCom Hons or equivalent from a recognised university is required of students.
- Some colleges additionally 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 programme, there is no maximum age limit.
- Admission to the MCom programme is based on merit and an entrance examination.
- In the event of merit-based admission, only the candidate’s marks at the undergraduate level would be considered.
- In certain situations, students are required to take an entrance exam, which is generally a multiple-choice question (MCQ) test that assesses their knowledge and background in business.
- For admission to their PG programmes, top MCom universities such as Delhi University, Banaras Hindu University, Christ University, and others have a national level test.
- Admission to Calcutta University’s MCom programme is based on a merit list compiled from BCom or similar examination results.
- As a result, in order to enrol in an MCom course, students must apply for the exam, and based on their performance, they are either admitted or advanced to the next level of the admissions process, which includes Counseling, Group Discussion, and/or Personal Interview.
Top M.Com Entrance Exams:
- Allahabad University PGAT
- PU CET (PG)
- Delhi University MCom Entrance Exam
- BHU PET
Syllabus For M.Com Entrance Exams:
- Accounting Standard -Concepts, objectives, Benefits
- Accounting Policies
- Capital and Revenue Expenditure and Receipts
- Depreciation Accounting
- Basic Accounting Principle
- Accounting Process
- Meaning and Scope of Accounting
- Accounting Concepts, Principles and Conventions
How to Apply?
A applicant must have a bachelor’s degree in commerce to be eligible to pursue an MCom course. Many universities and institutions accept any graduating degree with honours in economics or business/management studies as an alternate criterion for admission to an MCom programme.
The following is the online application process:
Step 1: Go to the website, register, and log in to your account.
Step 2: Carefully read the instructions and complete the application form.
Step 3: Add the relevant papers to your account.
Step 4: Before submitting the application form, double-check it.
Step 5: Pay the application cost in its whole.
Documents Required for M.Com:
- A bachelor’s degree, as well as a mark sheet, is required.
- The Certificate of Completion of Class 12th, as well as the accompanying mark sheet.
- The certificate for class ten, as well as the mark sheet for that class.
- Certificate of Transfer.
- Certificate of Relocation.
- Identification proof is required.
- Proof of Address
- Certificate of Birth Date
Top M.Com Colleges in India:
- Shri Ram College of Commerce, [SRCC] New Delhi
- Hindu College, Delhi University
- Hansraj College, Delhi University
- Loyola College, Chennai
- Madras Christian College, [MCC] Chennai
- Christ University
- Ramjas College, Delhi University
- Narsee Monjee College of Commerce and Economics, Mumbai
- St Josephs College of Commerce Autonomous, Bangalore
- Stella Maris College, Chennai
- KJ Somaiya College of Arts and Commerce, Mumbai
- Kristu Jayanti College, [KJC] Bengaluru
- Mount Carmel College, [MCC] Bangalore
M.Com Course Subjects:
- Economics of Global Trade and Finance
- Financial Management
- Management Concepts and Organization Behaviour
- Managerial Economics
- Marketing Behaviour
- Statistical Analysis
- Strategic Management
- Accounting and Managerial Decisions
- Business Environment
- Computer Applications in Business
- Corporate Financial Accounting
- Corporate Legal Environment
- Corporate Tax Planning
Future Course After M.com:
- Enroll in an MBA Program
- Become a Chartered Accountant
- Consider doing the ACCA course
- Pursue Company Secretaryship
- Earn the CMA credential
- Complete the CFA course
- Obtain a CPA license
- Become an FRM certified professional
- Crack the CFP exam
- Get into digital marketing
- Get CIB certified
- Pursue a career in teaching and research
M.com Job Scope:
- Finance Manager
- Insurance Agent
- Market Analyst
- Investment Banker
- Risk Analyst
- Company Secretary
- Cost Accountant
- Finance Executive
- Assistant Manager
- Chartered Accountant
- Bank Manager
- Business Analyst
- Securities Analyst
- Share Broker
- Wealth Manager
M.Com Jobs Salary:
|Account Assistant||INR 2.16 Lakhs|
|Business Analyst||INR 6.1 Lakhs|
|Investment Banker||INR 9.4 Lakhs|
|Marketing Manager||INR 7.17 Lakhs|
MCom Distance Education is one of the most lucrative courses available to those who are unable to continue their degree in a traditional setting. Candidates should confirm whether the MCom Distance Education programme is accredited by the Distance Education Board (DEB) and the University of Georgia (UGC) before applying.
- Working professionals and aspirants who are unable to attend classes on a regular basis choose distant MCom courses.
- Candidates should check with the Distant Education Board and the University of Georgia before enrolling in a distance education course.
- IGNOU, Lovely Professional University, Annamalai University, Karnataka State Open University, and others also provide courses.
- The cost of a course often ranges from INR 5000 to INR 38,000.
- The training usually lasts between 2 and 5 years.
M.Com Distance Education Top Colleges:
- LPU Distance Education Jalandhar
- Mahatma Gandhi University, School of Distance Education
- Annamalai University Distance Education
- Karnataka State Open University (KSOU)
- IGNOU New Delhi
- SRM University (Distance Education)
- IDOL Mumbai University
- SOL Delhi University
|What are the different kinds of MCom?|
In India, there are just a few different sorts of MCom degrees. It is typically determined by the specialities or themes offered by the college or institution.
|What options do I have now that I’ve completed my MCom? What does MCom entail in India?|
Students with an MCom degree can pursue careers in finance, economics, business, e-commerce, and banking. Following completion of this master’s degree programme, these are the key sectors of employment.
If you want to advance your career, there are a variety of courses available after MCom, including PhD, CA, CFA, CFM, CFP, ICW, LLB, and others.
Which is preferable: an MCom or an MBA?
A master’s degree in commerce is known as MCom, while a master’s degree in management is known as MBA. Both provide a wide range of career opportunities and have their own set of benefits.
Accountants, Tax Consultants, CA, CFA, Financial Consultants, Business Consultants, and other professions can become Accountants, Tax Consultants, CA, CFA, Financial Consultants, Business Consultants, and other professionals with an MCom. Following graduation, students can pursue a variety of higher degrees and courses, as previously noted.
MBAs, on the other hand, prepare students for management and leadership roles in a variety of fields, including marketing, finance, international business, digital marketing, e-commerce, data and business analytics, and so forth. After an MBA from a top B-School, the typical beginning income is about INR 12-20 LPA. The average cost of pursuing an MCom is significantly lower than that of an MBA.
Is it possible to become a CA after completing an MCom?
Without a doubt! After completing your MCom, you can pursue a career in accounting. In fact, you may pursue it concurrently with your MCom. There is no age limit for pursuing CA, so you can start at any moment. CA will take at least 3-5 years to finish.
|Which is preferable: a Master of Commerce or an LLB?|
Both of these routes are diametrically opposed to one another. LLB is a law degree that may be pursued after graduation to help you become a lawyer, advocate, or work in the legal field. MCom degrees provide a higher level of study and understanding in areas such as economics, finance, taxation, and business management.
So, which master’s degree you pursue is entirely dependent on your interests. A LLB has more employment opportunities than a mere MCom. MCom is useful if you wish to pursue higher education and work as a lecturer or teacher in colleges or universities.