Master of Commerce (M.Com.) Finance & Controls
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2 Years
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Post Graduate
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Commerce
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Full Time
2 Years
Post Graduate
Commerce
Full Time
The Master of Commerce (M.Com.) Finance & Controls is a two-year postgraduate course. It covers various topics on financial management and control. Candidates must have a Bachelor's degree in commerce or finance. Candidates should have a minimum of 50% aggregate marks to qualify for this program. Candidates belonging to reserved categories must have at least 45% marks. The MCom Finance & C degree course prepares students for various financial decision-making roles.
M.Com is offered in the fields of finance, economics, accounting, taxation, and mathematics. The course includes a study of the banking and finance sector. Candidates should be well-versed in computer and English language. There are also several specializations in the M.Com course. The minimum eligibility criteria for this course is 50% in BCom (H). Students belonging to the reserved category are also eligible for 5% relaxation.
Those with a Master's degree in Finance and Controls can opt to pursue a career in a range of financial services. Depending on your interest, MCom Finance & Controls can lead to employment in an accounting firm, as a revenue agent, or as a tax advisor. The benefits of pursuing an M.Com Finance & Controls degree are immense. Aspiring professionals can be tax advisors, business consultants, and mutual fund brokers.
A Master's degree in business science can open doors in virtually any industry. Graduates of this program can work in the finance and insurance sectors, which are forecast to reach USD 1 trillion by 2025. Further, with the rise of technology and digitalization, commerce sectors have become even more diverse. Many areas of employment for MCom graduates include banking and finance. They can even become CEOs, or they can continue their studies to be a business consultant.
highlights of the M.Com Finance Course study are mentioned in the following:
| Full-Form | Master of Commerce in Finance and Controls |
|---|---|
| Course Level | Post Graduate |
| Duration | 2 years |
| Examination Type | Semester |
| Admission Process | Mostly Entrance Based |
| Eligibility Criteria | Graduate in Commerce |
| Average Annual Fees | INR 30,000 to 1,00,000 |
| Average Annual Salary | INR 6,00,000 to 15,00,000 |
| Top Recruiting Areas | Financial Controller, Financial Manager, Financial Officers, and many other related job positions. |
M.Com Finance and Controls offers several advantages:
Most colleges offering M.Com Finance and Controls consider a candidate's aggregate marks in B.Com for admission. The typical admission process includes the following steps:
Application: Candidates must apply to individual colleges through online or offline application forms, providing personal details, ID proof, academic credentials, and percentages.
Shortlisting: Colleges will shortlist candidates based on the information provided in the application form.
Merit Lists: Shortlisted candidates are typically called for further rounds of admission, such as personal interviews.
Counseling: Shortlisted candidates must report to the college or designated reporting center with all relevant documents.
Document Verification: Officials will verify the authenticity of the candidate's documents.
Enrollment: Candidates who complete the document verification process and meet the eligibility criteria will be enrolled in the M.Com Finance and Controls program.
The basic eligibility criteria for the M.Com Finance and Controls course are as follows:
While Admission to M.Com Finance and Controls programs primarily considers a candidate's academic performance and merit, some universities and institutions may also require applicants to take entrance exams. Here are some common entrance exams accepted by various colleges and universities for M.Com Finance and Controls:
Common Admission Test (CAT): CAT is a national-level entrance exam conducted by the Indian Institutes of Management (IIMs). Many top business schools and universities accept CAT scores for admission to their postgraduate management programs, including M.Com Finance and Controls.
Management Aptitude Test (MAT): Conducted by the All India Management Association (AIMA), MAT is a national-level entrance exam accepted by various management institutes and universities for admission to their postgraduate management courses, including M.Com Finance and Controls.
Xavier Aptitude Test (XAT): XAT is a national-level entrance exam conducted by the Xavier School of Management (XLRI) for admission to its postgraduate management programs. Many other colleges and universities also accept XAT scores for admission to their M.Com Finance and Controls courses.
State-Level Entrance Exams: Some state governments conduct their own entrance exams for admission to postgraduate courses, including M.Com Finance and Controls, in state-affiliated colleges and universities. Examples include the Tamil Nadu Common Entrance Test (TANCET) and the Maharashtra Common Entrance Test (MAH CET).
University-Specific Entrance Exams: Certain universities conduct their entrance exams for admission to their M.Com Finance and Controls programs. Examples include the Delhi University Entrance Test (DUET) and the Banaras Hindu University Entrance Test (BHU UET).
| College Name | Average Annual Fees |
|---|---|
| Alagappa University, Karaikudi | INR 5,500 |
| BJB Autonomous College, Bhubaneswar | INR 25,000 |
| Udayanath College of Science and Technology, Cuttack | INR 41,000 |
| Mahendra Institute of Management and Technical Studies, Khorda | INR 1,00,000 |
| Vikram University, Ujjain | INR 11,331 |
| Institute of Media Studies, Bhubaneshwar | INR 80,000 |
| Mohanlal Sukhadia University, Udaipur | INR 20,000 |
| Semester I | Semester II |
|---|---|
| Management Concepts | Management of Financial Institutions |
| Economic Analysis and Decision Making | Accounting for Managerial Decision Making |
| Financial Accounting | Risk and Insurance Management |
| Quantitative Techniques for Management | Investment Analysis and Equity Research |
| Marketing Management | Merchant Banking and Financial Services |
| Financial Management | International Business |
| Business and Financial Environment | Mutual Fund and Portfolio Management |
| Financial Markets and Instruments | Research Methodology and Business Communication |
| Semester III | Semester IV |
|---|---|
| Financial Derivatives and Risk Management | Strategic Financial Management |
| International Finance | Corporate Governance and Business Ethics |
| IT for Managers | Commodity Markets and Futures |
| Strategic Management | Retail Management |
| Tax Planning and Management | Business and Corporate Law |
| Service Marketing | Accounting Standards and Small Business Management |
| Corporate Restructuring and Financial Engineering | Entrepreneurship and Small Business Management |
| Training Projects | Project and Viva Voice |
The answer is Here is a table comparing the M.Com Finance and Controls course to the MBA Finance course:
| Parameters | MCom Finance and Controls | MBA Finance |
|---|---|---|
| Full-Form | Master of Commerce in Finance and Controls | Master of Business Administration in Finance |
| Domain | Commerce | Management |
| Overview | MCom Finance and Controls covers financial control and financial management topics with a mostly theoretical, academic approach. Management topics discussed are finance-related. | MBA Finance covers financial management, risk management, and financial decision-making practically and technically. It focuses on overall management and the impact of financial decisions. |
| Duration | 2 years | 2 years |
| Eligibility | Bachelor's degree in commerce | Bachelor's degree in any discipline with a minimum of 50% aggregate marks |
| Admission Process | Merit-based | Entrance-based |
| Examination Type | Semester | Semester |
| Top Colleges | Alagappa University, Vikram University | IIT Kharagpur, IIT Bombay, IIT Roorkee, IIT Madras, etc. |
| Average Annual Fees | INR 30,000 to 1,00,000 | INR 3,00,000 to 15,00,000 |
| Job Profiles | Financial Controller, Financial Manager, Financial Officers | Finance Manager, Finance Officer, Finance Planner, Chief Finance Officer |
| Average Annual Salary | INR 6,00,000 to 15,00,000 | INR 6,00,000 to 25,00,000 |
A graduate with a Master of Commerce (M.Com.) Finance & Controls has an advantage in a number of different ways. The course covers the various aspects of financial management. Although the course is theoretical, the topics of discussion focus primarily on finance-related topics. In addition to this, MBA Finance students will learn how to apply financial decision-making techniques in practical contexts. They will gain insight into the broader management aspects and how financial decisions can influence the performance of a business.
A graduate of this course will be well-qualified for several jobs in the finance and control industries. The course will prepare you to enter the finance industry as an executive. Many government and corporate institutions require an MBA to join the ranks, which will open a wealth of job opportunities. Additionally, a Master's degree will help you to start your own business in the finance industry. By learning the ins and outs of the field, you'll become a world-class professional with numerous opportunities.
After graduation, MCom students earn salaries ranging from INR 6,00,000 to INR 15,00,000. Some of the jobs that graduates of this course pursue include financial controller, financial manager, or financial officer. To get admission to an MCom program, you must first decide what specialization you'd like to specialize in. Then, find a college that offers that specialization. Make sure that the college is accredited by a reputable university. You should apply to as many colleges as you can and maintain an excellent academic record.
A graduate degree in finance and controls, also known as M.Com Finance and Controls, is a postgraduate degree that explores financial management and control. This program typically requires candidates to possess a Bachelor's degree in finance or commerce with a minimum of 50% aggregate marks. Those from reserved categories need to achieve a score of 45% to be considered for admission. This master's degree program has a high demand in today's business world.
This degree is highly regarded and often earns graduates substantial salaries. As with any graduate degree, the salary will depend on a variety of factors. The type of company and position you seek will likely determine your salary. The M.Com degree in finance and controls will enable you to get paid significantly more than a bachelor's degree. If you have extensive work experience and are a candidate with some previous work experience, you may even qualify for a high-paying position with excellent benefits.
A Master of Commerce in Finance & Controls will enable you to advance your career and gain experience in the financial sector. As a graduate, you'll be equipped with the necessary skills to apply your knowledge and work for the benefit of others. The course consists of core subjects and elective courses associated with specialization. Elective subjects may also include taxation, finance, or human resource management. This program is accredited by the University of Georgia and teaches students how to apply financial concepts and techniques to business practice.
An M.Com degree in Finance & Controls can open up many job opportunities, both in the national and international arena. Graduates can find jobs in foreign insurance, banking, and marketing. They can also pursue doctorate studies, which will increase their earning potential and help them pursue research in the field of their choice. Many companies are searching for people who are experts in particular fields. Specialization can lead to a better-paying job or a career in management consulting.
Career opportunities and job Opportunities for M.Com graduates in the field of finance and control can vary greatly. With a strong education in finance, graduates may pursue jobs in banking or insurance, accounting, or consulting. Specialization in Economics or Taxation may open up a variety of job opportunities in international firms. Those interested in Accounting and Finance can pursue positions as a financial analyst, economists, tax accountants, and stockbrokers.
M.Com graduates can also choose to pursue a postgraduate degree in a field related to finance. Many M.Com graduates choose to become accountants, financial analysts, or management consultants. In addition, graduates can also work in banking as Chartered Accountants or Company Secretaries. Whether you choose a postgraduate or undergraduate degree, the Career Opportunities for M.Com finance and controls are endless.
Graduates of this course can find jobs in many areas, including corporate management, international banking, and government services. With their master's degree, M.Com graduates can apply for government jobs, appear for the UPSC, or pursue higher education. They can even pursue a doctoral degree if they so desire. These jobs are well-paying, with good prospects for advancement and promotions.
Job Profiles and Average Annual Salary for M.Com Finance and Controls:
| Job Profile | Job Description | Average Annual Salary |
|---|---|---|
| Financial Controller | Financial controllers are responsible for tracking and managing all financial transactions within an organization. They oversee the financial aspect of the company, ensuring accurate record-keeping and providing financial insights. | INR 18,00,000 |
| Financial Manager | Finance managers handle the financial operations of a company, including budgeting, allocating funds, and maintaining records of credits and debits. They ensure efficient use of financial resources and may also be involved in financial planning and strategy. | INR 9,50,000 |
| Assistant Controller of Finances | Assistant controllers of finances work closely with the financial controller to track and manage financial transactions. They assist in maintaining financial records, preparing reports, and ensuring compliance with financial regulations. | INR 9,00,000 |
| Chief Financial Officer (CFO) | The CFO is the highest authority on financial matters within an organization. They are responsible for making critical financial decisions, formulating financial strategies, and managing the overall financial health of the company. | INR 25,00,000 |
| Finance Director | Finance directors are board members who hold significant influence over financial decisions and strategies. They provide financial leadership, ensure compliance with financial regulations, and contribute to the long-term financial success of the organization. | INR 25,00,000 |
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