M.Com. stands for Master of Commerce and is a postgraduate degree program focusing on finance. It consists of 28 papers - theory and practice project papers. The program is open to all graduates with a minimum of 55% aggregate. Admission to this program is based on an entrance test and personal interview.
The minimum requirement to pursue a Master Of Commerce M.Com. Financial Management course is a Bachelor's degree in Commerce with a minimum percentage of 50%. Admissions to this course are generally done through a common entrance test, but some institutions offer direct admission to students based on merit.
The eligibility criteria for the M.Com. Financial Management course is the same as any other management course, but it varies from college to college. Those who belong to a reserved category are required to submit a certificate proving their category.
The M.Com is a 2-year postgraduate course focused on the study of finance and related fields. Graduates of this program can find countless job opportunities in the finance sector. After graduation, graduates can choose from a variety of positions, from assistant finance manager to senior account executive.
The main points of this MCom Financial Management course are as follows:
Course Level | Postgraduate |
Full-Form | Master of Commerce Financial Management |
Duration | 2 Years |
Type of exam | Semester Wise |
Eligibility | Minimum marks of 55% at the graduation level |
Admission Process | Entrance exam based on merit or based on the test |
Course Fee | Between INR 11,000 and INR 2.50 LAKHS |
Average Salary | Rs.14,000 to Rs.20,000 |
Top Recruiting Companies | banks, Insurance Companies, Mutual Fund Companies, Stock exchange, NBFCs |
Job Openings | Financial officer; Insurance manager Treasurer, Controller Consulta |
The study of M.Com Financial Management can be advantageous for a variety of reasons:
Increased Financial Understanding: M.Com Financial Management provides an in-depth understanding of the fundamentals of finance as well as theories and practices. Through studying this field you'll acquire an advanced understanding of areas like financial analysis and investment management and risk management, as well as financial strategy. This information can be used across a variety of industries, including corporate finance, banking as well as investment banking and financial advisory.
Career Opportunities: Achieving an M.Com Financial Management can open many possibilities for career advancement. Students who have this degree are desired by employers working in the financial sector such as investment companies, banks and insurance companies as well as multinational corporations. This degree could be used to fill roles like financial analyst or investment banker as well as treasurer, financial manager or chief financial officer.
Learning Skills: M.Com Financial Management equips students with a wide range of abilities that are useful in the work place. They will be able to demonstrate analytical thinking, critical thinking solving problems, making decisions, and efficient communication. In addition, you'll acquire strong mathematical and computational skills, and the ability to comprehend the financial software and tools that are that are used in the field.
Strategic decision-making: Financial management plays an important role in making strategic decisions within organizations. Through studying M.Com Financial Management, you will understand how to analyze financial information and analyze the potential of investments and manage risk. You will also learn how to make sound financial decision-making. The knowledge you acquire will allow you to help contribute to the financial and strategic performance of an organization.
Networking and connections: to the industry enrollment into the MCom Financial Management program provides the opportunity to network with fellow students faculty members, faculty members, as well as industry professionals. These connections can be beneficial in terms of career development as well as mentorship and career prospects. A lot of programs offer internships and industry partnerships that let you get hands-on experience and develop connections with employers who may be interested in hiring you.
Personal Development: Taking a course like MCom Financial Management can also aid in your personal growth. It improves your capacity to effectively manage and invest in your personal financial resources effectively. Furthermore the skills of analysis and problem-solving acquired through this program will be useful in a variety of aspects of your life, assisting you make more informed choices and manage your finances better.
There are many benefits to earning an M.Com. degree in Finance Management. Here are some of the benefits:
Advanced Knowledge and Experience Advanced: Knowledge and Expertise M.Com. in Financial Management provides you with specific knowledge and skills in the area of finance. You'll gain a comprehensive understanding of financial concepts as well as concepts and practices which will allow you to make well-informed decisions and resolve complicated financial issues.
Improved Career Opportunities: Possessing an M.Com. with a focus on Financial Management can significantly enhance your job prospects. This level of education is highly sought-after by employers across a range of industries which include financial institutions, investment firms as well and the corporate finance department. It may lead to higher-level positions like finance manager, financial analyst chief financial officer, and financial advisor.
Increased employability and potential for salary: M.Com. graduates with a degree in Financial Management are often sought-after by employers because of their expertise and skills. This can result in better job prospects and better salary opportunities compared to those who have just an undergraduate education. M.Com. graduates are often able to access more career opportunities and may get better the terms of employment and other conditions.
The development of skills for demand-based: jobs Learn to develop in-demand skills throughout your M.Com. studies, you'll acquire an array of abilities that are highly valued in jobs. These include analytical thinking, critical thinking capabilities, problem-solving skills decisions financial modeling, as well as efficient communication. Employers look for individuals with these qualities since they are vital to succeed in the financial sector and beyond.
Networking and Industry: Connections M.Com. programs typically provide excellent networking opportunities for former students and alumni as well as industry professionals. These connections can lead to mentorships, internships, and even job openings. Many universities have strong partnerships with companies and financial institutions that allow students to establish connections in the industry and access exclusive career tools.
Academic and Research Pursuits: If you are interested in academia or research or academia, an M.Com. in Finance Management can be a good stepping into more academic studies, for example, a doctoral degree or a research career. The degree is an excellent foundation for conducting research in finance and helps to advance knowledge within the area.
Confidence and Personal Development: Achieving an M.Com. in Financial Management can foster your personal development and growth. The rigorous curriculum in the academic world challenges you to think through your thoughts, resolve complicated problems, and make important choices. It increases your confidence when managing financial issues and allows you to assume the leadership roles you need in your professional life.
The Global Recognization and Mobility: M.Com. degrees, particularly those of accredited universities, are usually internationally acknowledged. The recognition of these degrees can lead to opportunities in the global market and give you an advantage when applying for jobs in multinational corporations or when pursuing overseas studies or job opportunities.
M.Com Financial Management admissions are usually based on entrance exams or merit lists. The admissions process for each college is different however, many schools run CET and some have their entrance examinations based on the national or state level. The procedure for gaining admission through entrance examinations is like this:
Entrance-Based Admission:
Merit-Based Admission:
Candidates can be eligible to apply for the M.Com Financial Management course through either offline or online applications. Candidates who have scored well will be able to gain admission into their preferred college or university.
Below are the steps that applicants could apply to M.Com FM. M.Com FM course:
The Eligibility criteria for MCom Financial Management are as easy as the other courses in management. Be aware that the eligibility requirements may vary between colleges. Here are the eligibility criteria listed below. Go through them before deciding to take the course.
These criteria are for different colleges, however, many have their own criteria for admission which applicants must meet to be admitted.
There are numerous state and national-level entrance tests that you can take to get to M.Com Financial Management. M.Com Financial Management program.
Below are a few of the most popular M.Com Financial Management entrance exams.
Name of College | Average Fee | Average Salary Package |
---|---|---|
Shri Ram College of Commerce | INR 29,400 | INR 4 LPA |
Lady Shriram College | INR 30,000 | INR 6 LPA |
Loyola College | INR 28,500 | INR 4.5 LPA |
St Xavier's College | INR 23,100 | INR 5 LPA |
Anil Surendra Modi School of Commerce | INR 1,80,000 | INR 4 LPA |
Symbiosis College of Arts and Commerce | INR 30,500 | INR 5.7 LPA |
The top government colleges in India offering M.Com. in Financial Management:
College Name | Location |
---|---|
Delhi School of Economics (DSE), University of Delhi | Delhi |
Shri Ram College of Commerce (SRCC), University of Delhi | Delhi |
Banaras Hindu University (BHU) | Varanasi |
University of Calcutta | Kolkata |
University of Mumbai | Mumbai |
Loyola College | Chennai |
University of Madras | Chennai |
Panjab University | Chandigarh |
University of Kerala | Thiruvananthapuram |
University of Calcutta, Kolkata | Kolkata |
Department of Commerce, University of Mumbai | Mumbai |
The top private colleges in India offering M.Com. in Financial Management:
College Name | Location |
---|---|
Loyola College | Chennai |
Symbiosis International University | Pune |
Christ University | Bangalore |
Narsee Monjee Institute of Management Studies | Mumbai |
Amity University | Noida |
K.J. Somaiya College of Arts and Commerce | Mumbai |
St. Joseph's College | Bangalore |
Gitam University | Visakhapatnam |
Indian School of Business and Finance | New Delhi |
ICFAI Business School | Hyderabad |
All college syllabuses are generally the same across the country at the managerial level. Here is the annual Syllabus specific to M.Com Financial Management.
Year 1 | Year 2 |
---|---|
Business Management | Financial Accounting & Packages |
Business Environment | Quantitative Methods in Business |
Business Economics | Financial Management |
Information Technology for Business | Marketing Management |
Quantitative Techniques for Business | Human Resource Management |
Entrepreneurship Development | E-Commerce Management |
Year 3 | Year 4 |
---|---|
Banking & Technology | Banking Law & Practice |
Advanced Banking | Insurance Actuarial |
Insurance Products & Management | Bank Management |
Financial Markets & Services | Insurance & Risk Management |
Principles of Life Insurance | Financial Derivatives |
Security Analysis and Investment Management | Portfolio Management |
MCom Financial Management vs MBA Financial Management Which one to choose?
The similarities between M.Com Financial Management and MBA Financial Management are as below:
Parameters |
MCom Financial Management |
MBA Financial Management |
---|---|---|
Duration | 2 Years | 2 Years |
Focus Area | Commerce | Management |
Course Overview | This study course within the course covers Advanced Marketing, Portfolio Analysis, Microeconomics, Statistics for Business, Money and Capital Markets. | This course provides instruction on management, budgeting results, monitoring investment performance and the management of assets in the financial sector. |
Admission Criteria | Entrance Test + Counselling | State/National/College Entrance Test |
Eligibility Criteria | Bachelor's Degree in Accounting with any of the following or Economics, Math, or Accounting | Graduation is a part of any stream. |
Average Course Fees | INR 1 Lakh | INR 5-6 Lakh |
The Workplace | Banking, Insurance, Financial Service Sectors, Investment Banking, Private Companies, etc | Marketing Manager, Project Manager, Business Analyst, Human Resource Manager, etc |
Average Placement Package | INR 4 Lakh | INR 6 Lakh |
Graduates with an M.Com in Financial Management can pursue research in areas related to global business, economics, human resources, or geopolitics. After completing a master's program in Finance and Management, they may choose to work in a research capacity or join management consulting firms.
These positions are both exciting and well-paid. These graduates can also be employed as entry-level workers in a variety of fields, such as banking or accounting.
The M.Com. is a postgraduate degree in commerce that offers a wide range of career opportunities. This degree is typically two years in length and focuses on various aspects of accounting, management, and economics. It is a great option for students interested in higher studies, research work, or even becoming a Chartered Accountant.
Those who are looking to advance their career in Finance may also consider pursuing an M.Com in Finance. The certification is necessary to work in financial institutions and private enterprises. The Salary range for an M.Com graduate is INR 4 to 10 lakh in India, and it increases with experience.
Job Prospects
Below are the different job descriptions and the typical Salary for M.Com Financial Management graduates:
Job Profile | Average Salary |
---|---|
Accountant | INR 5 LPA |
Business and Corporate Analyst | INR 4.5 LPA |
Analyst in Investments | INR 4 LPA |
Executive Assistant | INR 6.2 LPA |
Marketing and Money Manager | INR 7 LPA |
The Future Scope of an M.Com Financial Management is vast. The field of commerce encompasses economics, accounting, finance, and other related fields. Graduates of the Master of Commerce degree will have a deep understanding of corporate matters, the sale and purchase of goods and services, and management.
Graduates of the M.Com degree can pursue several lucrative careers. The commerce industry is growing in India. After completing the degree, you can get a decent job with a good benefits package. However, it is important to consider the salary ranges of various positions before deciding to pursue a degree.
The M.Com degree prepares you to work as an entry-level worker in a variety of financial institutions. In addition to developing financial management skills, the program teaches students to conduct research and apply analytical skills to current market trends. In addition, they'll learn how to improve their business skills and sharpen their decision-making ability.
The Master of Commerce program is a 2-year post-graduate degree in business that focuses on accounting and related subjects. The course is composed mostly of research-based and thesis-based elements. Candidates typically choose this program to further their education in accounting and banking.
Ask us and get personalized response free of cost.
Get Latest Notification of Colleges, Exams and News.