M.Com. (Finance and Wealth Management): Courses, Admission, Syllabus, Colleges, Eligibility, Entrance Exam, Career Scope and Salary

  • course years 2 Years
  • type of course Post Graduate
  • course stream Commerce
  • course type Full Time
Written By universitykart team | Last Updated date Oct, 09, 2024

(1). About the M.Com. (Finance & Wealth Management)

M.Com Finance & Wealth Management is a 2-year full-time postgraduate degree course, comprising 4 semesters in the entire duration. The path gives a complicated look at financing and accounting, its principle, strategies, policies, and more.

The applicants who're inclined to pursue this direction need to entire their Bachelor’s degree in Commerce with accounts, finance, and economics subjects. They want to steady at least 55% combination marks on the commencement level.

Most of the schools permit admission to this path on the idea of the candidate’s overall performance inside the entrance examination performed through the respective colleges. The entrance examination is observed through a spherical of interview classes to assess the candidate’s logical wondering abilities and different course-associated aspects.

However, a few schools provide direct admission to this path on the idea of the candidate's rating acquired inside the closing qualifying examination. Some schools additionally set up private interviews for the shortlisted candidates.

M.Com Finance & Wealth graduates have plenty of potential job positions available, like Financial Analyst, Investment Banker, Chief Finance Officer, and more in Government and private sectors, banking sectors, public accounting firms, financial consultancies, corporations, etc. They can also opt for an MBA course as it will improve their career trajectory.

Course Highlights for M.Com Finance & Wealth Management

Major highlights of the M.Com Finance & Wealth course study are mentioned in the following:

Particulars Value
Course Name Master of Commerce in Finance and Wealth Management
Course Level Postgraduate
Course Duration 2 year
Course Mode Full-time, Part-time, Distance, Online
Eligibility Criteria Bachelor’s degree in Commerce with a 55% aggregate score from a recognized university
Admission Process Entrance/Merit-based
Entrance Exams GVSAT, BHU PET, etc.
Examination Type Semester based
Age No age limit
Average Annual Fee INR 35,000-4,00,000
Average Annual Salary INR 4,00,000-20,00,000
Job Profiles Chartered Accountant, Company Secretary, Insurance and Banking services., Financial Consultant, Investment Banker, Auditor, Finance Manager, Financial Analyst, Quant Specialist, Financial Controller, etc.
Top Recruiters TATA CONSULTANCY SERVICES LIMITED, National Small Industries Corporation Limited, Heavy Engineering Corporation Limited, Genpact, Tata Motors, BSNL, Wipro Technologies Ltd., WNS Global Services, etc.

Why study M.Com. Finance & Wealth Management course?

Studying M.Com. Finance & Wealth Management can be a beneficial choice for several reasons:

(i). This course focuses on finance and wealth management, providing you with in-depth knowledge and skills in areas like financial markets, investment management, portfolio analysis, risk assessment, and financial planning.
(ii). Finance professionals are consistently in demand across industries. Financial expertise is crucial for businesses and individuals to make informed decisions about investments, risk management, and financial planning.
(iii). The wealth management aspect of the course equips you to handle the financial needs of high-net-worth individuals and families, helping them grow and preserve their wealth through strategic planning and investment advice.
(iv). M.Com. (Finance & Wealth Management) programs typically include practical training, case studies, and real-world projects, enabling you to apply theoretical concepts to practical scenarios.
(v). Careers in finance, especially wealth management, can be financially rewarding due to the potential for higher salaries and performance-based incentives.
(vi). The curriculum is designed to keep up with the latest trends and developments in the financial world, ensuring that you are equipped with relevant knowledge and expertise.

(2). Admission Process for M.Com Finance & Wealth Management

Students ought to make sure that they fulfill all eligibility standards for M.Com Finance & Wealth to get admission to a school of their choice. M.Com Finance & Wealth admission is performed on an advantage foundation or examination foundation. Admission methods range throughout all M.Com Finance & Wealth universities in India.

Types of M.Com Finance & Wealth Management course

There are several universities and institutions that offered M.Com. (Finance & Wealth Management) courses through various modes such as distance learning, part-time, and full-time. However, it's important to note that course offerings and availability may change over time, so I recommend checking with specific universities or educational institutions for the most up-to-date information.

(1). Distance Learning

Many universities offer M.Com. (Finance & Wealth Management) through distance education or online learning. These programs allow students to study remotely and complete coursework at their own pace. Distance learning is especially beneficial for those who are already working or have other commitments.

(2). Full-Time

Full-time M.Com. (Finance & Wealth Management) programs are more intensive and require students to attend classes regularly during the day. They are suitable for those who can dedicate their time fully to their studies and complete the degree in a shorter timeframe.

(3). Part-Time

Part-time M.Com. (Finance & Wealth Management) programs are designed to accommodate students who wish to pursue the degree while balancing other responsibilities, such as a job or family commitments. Typically, part-time courses offer classes during evenings or weekends.

Eligibility Criteria for M.Com Finance & Wealth Management

To get entry to the M.Com Finance & Wealth Management course, interested candidates need to fulfill the following eligibility Criteria:

(i). Completed Bachelor’s degree in commerce subjects, like accounts, math, and economics from any recognized university.
(ii). Candidates who passed B.Com, BBA, BBS, or any other equivalent degree with at least 55% aggregate score are eligible for this course application.

Admission Process for M.Com Finance & Wealth Management

(i). Visit the official website and create your unique login credentials to begin the admission procedure.
(ii). After you've registered, fill out the application form with your details.
(iii). Upload your documents for verification in the application form.
(iv). Submit the completed application form, along with the registration fee (if any).
(v). Then, using the website's authorized payment option, pay the academic fee.
(vi). Candidates will get an email containing their enrollment number as well as a note of confirmation about their admission.

Accepted Entrance Exams for M.Com Finance & Wealth Management

Admission to the M.Com Finance & Wealth course in India is through entrance examinations. Entrance exams for M.Com Finance & Wealth are conducted at the university level, state level, and national level. Common exams that most of the M.Com Finance & Wealth candidates apply for are as follows:

DU MCom Entrance Pune University MCom Entrance Exam
IGNOU OPENMAT Jamia Millia Islamia M Com Entrance Exam
Madras University M Com Entrance Exam CUET
JUET SUAT
APRDC GVSAT
BHU PET PUCET

Skills Required for M.Com Finance & Wealth Management course

Here are some key skills that are often valuable for students pursuing this specialization:

Decision-Making Abilities Communication Skills
Time Management Ethical Awareness
Data Interpretation Knowledge of Financial Software
Strong Analytical Abilities Quantitative Proficiency
Financial Knowledge Problem-Solving Skills
Attention to Detail Networking Skills

Fee Structure for M.Com Finance & Wealth Management

M.Com Finance & Wealth fees range from INR 35,000-4,00,000 PA. The costs may also range consistent with the university or college primarily based totally on the type of institute, location, infrastructure, faculties, and facilities available. Below are some of the M. Com Finance & Wealth colleges with its fees structure:

Name of College Average Fee
Mata Gujri College, Fatehgarh Sahib INR 60,510
Swarnim Startup & Innovation University, Gandhinagar INR 60,000
Bharata Mata College, Kochi INR 11,000
SES College, Kannur INR 75,000
Punjabi University, Patiala INR 1,02,800

Selection Criteria for M.Com Finance & Wealth Management

Admission is strictly done for only those students who clear M.Com Finance & Wealth eligibility criteria. The shortlisted candidate list and further admission process are available either on the college's official website or by email.

(3). Course Comparison

M.Com Finance & Wealth Management v/s MBA in Wealth Management

The distinctions between M.Com Finance & Wealth Management and MBA in Wealth Management are shown in the table below:

Parameters M.Com F & W M MBA in WM
Course Name Master of Commerce in Finance and Wealth Management Master of Business Administration in Wealth Management
Course Overview M.Com. Finance & Wealth Management is a postgraduate degree program that focuses on advanced financial concepts, investment strategies, portfolio management, and wealth creation and preservation for individuals and businesses. Master of Business Administration in Wealth Management is a two-year Post-Graduate degree program. A full-time Master of Business Administration in Wealth Management wishes 4 semesters of six months each. Wealth control is a complicated expert carrier that entails accounting, taxation, retirement planning, and criminal or property planning.
Course Duration 2 years 2 Years
Eligibility Bachelor’s degree in Commerce with a 55% aggregate score from a recognized university Graduation with a minimum aggregate score of 60% from a recognized university
Course Stream Commerce Management
Entrance Exams GVSAT, BHU PET, etc. CAT, XAT, SNAP, NMAT
Average Annual Fees INR 35,000-4,00,000 INR 35,000-1,40,000
Average Annual Salary INR 4,00,000-20,00,000 INR 1,00,000-9,00,000
Top Colleges Bharata Mata College, SES College, Punjabi University, etc. M.M. institute of management, SVIIT, Venkateshwara open university, etc.

Read More: MBA in Wealth Management

(4). Top Colleges for M.Com Finance & Wealth Management

Some of the top-most M.Com Finance & Wealth Colleges available in India are tabulated below based on their average course fee:

Name of College Average Annual Fee(INR)
Madras Christian College (MCC), Chennai INR 50,000
Jiwaji University, Gwalior INR 10,000
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai INR 1,50,000
K.P. B Hinduja College of Commerce, Mumbai INR 7,000
St. Xavier's College, Kolkata INR 60,000
Punjab University, Punjab INR 20,000
Indian Institute of Management (IIM), Ahmedabad INR 2,50,000
Mata Gujri College, Punjab INR 16,000
Symbiosis School of Banking and Finance (SSBF), Pune INR 1,20,000
Seshadripuram College, Bangalore INR 36,000
National Institute of Securities Markets (NISM), Mumbai: INR 1,00,000
Mercy College, Pallakad INR 75,600
Amity University, Noida INR 1,50,000
Christ University, Bangalore INR 1,00,000
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai INR 2,00,000
Banaras Hindu University (BHU), Varanasi INR 80,000

(5). Job & Placements for M.Com Finance & Wealth Management

After finishing this 2-year M.Com Finance course, the successful postgraduates will have masses of capability process roles in essential industries, Like authorities and personal sectors, public accounting firms, finance planning, marketplace research, agencies, and finance consultancies. Some of the pinnacle professional possibilities to be had for such M.Com postgraduates are Finance Manager, Financial Consultant, Investment Banker, Quant Specialist, Auditor, Financial Analyst, Chief Financial Officer, Certified Public Accountant, and more.

Job Profiles for M.com Finance & Wealth Management

Listed below are some of the most prospective job positions offered to successful M.Com Finance & Wealth graduates along with job descriptions and average salary offered:

Job Profiles Job Description
Finance Officer They basically perform the organization's financial matters, assist in monthly budget planning and prepare monthly reports on its basis. They additionally manage and hold nominal ledgers, carry out and test bills, and different economic issues. Besides these, they've to analyze any suspicious account activity, preserve and document monetary documents and must make sure whole monetary security.
Wealth Manager Wealth Managers are responsible for functioning in a wide range of fields, such As economic planning, funding management, and economic recommendation on pensions, trusts, inheritances, and tax bands. Often, wealth control offerings are provided via way of means of excessive avenue banks with the intention of attracting excessive-price customers.
Portfolio Manager A portfolio Manager is a financial professional who is responsible for investing money. They also handle the products like mutual funds. The portfolio manager has massive experience in asset management and investment.
Investment Banker Their role is to interpret complex data to assess and predict financial risks and returns. Prepare felony files with the aid of using consulting with economic experts, accountants, and lawyers.
Financial Analyst Their main responsibility is to record cash, cheques, and credit card transactions. Post sales via way of means of verifying and submitting transactions from nearby deposits. They need to replace all receivables with the aid of using identifying all unpaid invoices and preserve data thru microfilming invoices, debits, and credits.
Corporate Finance They are actually working for large investment banks or any corporate advisory firms to facilitate mergers and acquisitions of other companies.
Credit Risk Management They really lead the credit score hazard control organization to make certain that the entire credit score process, guidelines, and sports fall inside the parameters of organizations’ guidelines and standards.
Corporate Banking Their function is to recommend company customers concerning mergers, acquisitions, and capital markets and ought to put together lending agreements on its basis.
Financial Consultant Their role is to gather information for clients on the basis of investments, asset allocation, savings, tax planning, estate planning, etc. They can also work as a freelancer or as part of a financial consulting firm.
Auditor They actually work in the public and private sectors and provide expert advice on the usage of resources.
Quant Specialist Their obligation is to research data and marketplace developments through the use of high-give-up mathematics. This will assist them to decide suitable tiers of threat control and by-product pricing so that they can create presentations for clients along with recommendations for future investment planning.

Top Recruiters for M.com Finance & Wealth Management

M.Com graduates are admired via way of means of diverse employers in India. Some of the top recruiters for M.Com graduates are:

Infosys Wipro
ICICI Bank HDFC Bank
State Bank of India Axis Bank
Reliance Industries Limited Aditya Birla Group
Hindustan Unilever Limited Larsen & Toubro

Average Salary for M.com Finance & Wealth Management

Below is a table showing the approximate salary range for M Com graduates in various job roles in India:

Job Role Average Annual Salary(INR)
Treasury Manager Rs. 4,00,000-8,50,000
Auditor Rs. 3,00,000-6,50,000
Accountant Rs. 2,50,000-5,00,000
Management Accountant Rs. 3,50,000-7,50,000
Financial Analyst Rs. 3,00,000-6,00,000
Business Analyst Rs. 3,50,000-7,00,000
Tax Consultant Rs. 3,50,000-7,00,000

(6). Career/Scope for M.com Finance & Wealth Management

M.Com degree holders have enough scope for processes within the finance and company sector. After finishing the degree, they could pick and follow diverse jobs, Like operation manager, finance consultant, funding banker, advertising manager, accountant, and commercial enterprise analyst.

Career options after M.com Finance & Wealth Management

After the final touch of the course, the graduates can locate jobs in regions like Indian Statistical Services, Banks, Investment Firms, Insurance Industry, etc. The graduates may even observe for the exams. Clearing those checks makes a profession in coaching or research. Some job roles offered to graduates are:

(i). Marketing Manager
(ii). Accountant
(iii). Business Analyst
(iv). Operations Manager
(v). Finance Consultant
(vi). Investment Banker

Scope for Higher Education in M.com Finance & Wealth graduates

After completing M.Com Finance & Wealth, graduates can either choose to take up jobs or continue for higher studies. An additional degree in the same field improves job opportunities. Graduates can specialize in the areas like Accounting, Business Decisions, Costing, Taxes etc. Some higher options are:

(i). PG Diploma
(ii). Certificate courses
(iii). M.Phil Finance & Wealth Management
(iv). Ph.D. Finance

Skills that make you the Best M.Com Finance & Wealth Graduate

People who are very passionate about Finance and want to take it as a career. M.Com Finance & Wealth is wide-ranging and deep in subjects as it explores and is sure to catch all business lovers. Some required skills are:

(i). Presentation Skills
(ii). Communication Skills
(iii). Calculating Skills
(iv). Management Skills
(v). Critical thinking Skills

(7). FAQs

(1). What is M.Com. Finance & Wealth Management course?

Ans. M.Com. Finance & Wealth Management is a postgraduate degree program that focuses on advanced financial concepts, investment strategies, portfolio management, and wealth creation and preservation for individuals and businesses.

(2). What is M.Com Finance & Wealth course fee?

Ans. M.Com Finance & Wealth course fee may vary from one college to another. The average course fee usually ranges between INR 35,000-4,00,000.

(3). What is the average salary package of such professionals?

Ans. The average starting salary of an M.Com Finance & Wealth degree holder ranges between INR 4,00,000-20,00,000 per annum.

(4). What is M.Com Finance & Wealth course eligibility?

Ans. Students who are interested to pursue an M.Com Finance & Wealth course need to complete their bachelor’s degree in Commerce with accounts, math, and economics as subjects. They need to secure at least 55% aggregate marks at the graduation level. 

(5). What are the career opportunities after completing an M.Com. Finance & Wealth Management course?

Ans. Graduates can pursue careers as financial analysts, investment managers, wealth advisors, financial consultants, portfolio managers, or work in corporate finance roles.

(6). What is the duration of the M.Com Finance & Wealth program?

Ans. It is a 2-year long full-time postgraduate degree course comprising 4 semesters.

(7). Is work experience required for admission to the M.Com. Finance & Wealth Management course?

Ans. Work experience is not always a mandatory requirement, but some universities may give preference to candidates with relevant work experience.

(8). Are there any entrance exams for M.Com. Finance & Wealth Management courses?

Ans. Some universities may conduct their entrance exams for admission, while others may consider national-level entrance exams like CAT, MAT, or CMAT.

(9). Is it better to pursue M.Com. Finance & Wealth Management on a full-time or part-time basis?

Ans. The choice between full-time and part-time depends on individual circumstances. Full-time programs offer a more immersive experience, while part-time programs allow students to work or manage other commitments simultaneously.

(10). What is the role of a Business Analyst?

Ans. The Business Analyst, analyzes the market, product lines, and the overall profitability of the business. They analyze the problems and look for a suitable solution. 

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