The M.Com course is a two-year postgraduate degree application with an in-depth take look at subjects, such as accounting, commerce, economics, and advancing finance-associated matters. The direction aim is to educate people for powerful control in finance and marketing. The graduates can locate work as Mutual Fund Brokers, Finance Bookkeepers, Budget Analysts, or Business Consultants.
To maintain an M.Com, applicants should have finished their undergraduate research in commerce (B.Com, B.Com Honours) with a minimal rating of 50%. Admissions can be primarily based totally on advantage or entrance examinations, with pinnacle entrance checks which include CUET, IPU CET, and PU CET, amongst others.
M.Com in India may be pursued as a full-time, part-time, distance, or correspondence and online course. There are approximately 3500 personal, authorities, and public-personal M.Com schools in India that offer the course. M.Com topics are designed to offer all essential data to scholars referring to the accounting and trade stream.
The price of pursuing an M.Com course in India typically ranges between INR 10,000-5,00,000. However, the potential M.Com salary in India ranges from INR 2,00,000-10,00,000 per annum, as reported by the Payscale website, making it a lucrative investment yielding substantial returns.
M.Com is famous amongst aspirants who desire to pursue a profession as an instructor or lecturer. For that applicants need to sign up in PhD guides after the crowning glory of the M.Com course.
The students can go through the table below for a quick look at important points related to the M.Com course:
|Course Name||Master of Commerce|
|Course Mode||Full-time, Part-time, Distance, Online|
|Course Duration||2 year|
|Examination Type||Semester based|
|Eligibility Criteria||Minimum 50 percent marks in B.Com, B.Com (Hons), or equivalent from a recognized university.|
|Entrance Exam||DUET, AMU Entrance Exams, SAT, CUET, etc.|
|Age||No age limit|
|Average Annual Fees||INR 10,000-5,00,000|
|Average Annual Salary||INR 2,00,000-10,00,000|
|Job Profiles||Finance Manager, Cost Accountant, Accounting Manager, Finance Executive, Business Analyst, Share Broker, Chartered Accountant etc.|
|Top Recruiters||Genpact, Accenture, WNS Global Services, HDFC, ICICI Bank, Ernest & Young, Deloitte, KPMG, etc.|
Please note that the statistics furnished inside the table are primarily based on preferred trends and might vary depending on the particular college or group presenting the M.Com course.
Studying M.Com offers several compelling reasons for individuals looking to advance their career in the field of business and commerce:
Admission to the M.Com publications is accomplished on the premise of benefit or front examination. The admission strategies are quite sincere and easy to follow. You each need to pass the entrance exam or fee decently nicely within the graduation. The marks required for the distinctive M.Com specializations range in step with the unique colleges/universities. However, the basic details remain the same.
Types of M.Com course
M.Com programs are offered in various modes, including distance learning, full-time, part-time, and online formats. Here's an explanation of each type:
Distance M.Com programs allow you to pursue your master's degree remotely, often without the need to attend regular on-campus classes. Course materials, lectures, assignments, and assessments are provided through online platforms or study materials sent to your address. These programs are designed to provide flexibility for individuals who may have work or personal commitments that make attending traditional classes difficult.
Full-time M.Com programs typically require you to attend regular classes on campus. These programs offer a more immersive learning experience and the opportunity to engage with professors and peers in person. Full-time programs are ideal for those who can commit to full-time studies and want to complete their degree relatively quickly.
Part-time M.Com programs are designed for individuals who want to pursue their master's degree while also managing work or other responsibilities. These programs usually have a more relaxed schedule, with classes conducted during evenings, weekends, or in a way that accommodates working professionals.
Online M.Com programs are conducted entirely over the Internet. You can access lectures, study materials, and assignments online. This mode is suitable for those who prefer the convenience of studying from home or any location with an internet connection. Online programs often offer similar flexibility as distance learning programs.
Blended or hybrid M.Com programs combine both online and in-person components. You might have some classes online and others on campus. This format aims to provide a balance between flexibility and in-person interaction.
Eligibility Criteria for M.Com
The qualifying conditions for M.Com may range from one college to the next. The following are the basic eligibility criteria for pursuing the M.Com course:
Admission Process for M.Com
Accepted Entrance Exams for M.Com
Following are the top entrance exams considered for M.Com admissions in India:
|PU CET||Allahabad University PGAT|
The students interested in pursuing M.Com courses need to possess some basic skills. These are:
|Numeracy skills||Good Communication skills|
|Problem-solving ability||Leadership skills|
|Critical and analytical thinking||Confidence|
|Strong negotiation skills||Quick Thinker|
The M.Com costs in India vary among INR 10,000-5,00,000 PA on average. The route costs can vary for exclusive schools and universities across the United States primarily based totally on the infrastructure and schools they provide. Below is the listing of a number of the pinnacle faculties and statistics concerning rate structure:
|Name of College||Average Fee|
|Christ University, Bangalore||INR 75,000|
|Loyola College, Chennai||INR 25,000|
|Shri Ram College of Commerce, Delhi||INR 30,000|
|Hindu College, Delhi||INR 20,000|
Selection Criteria for M.Com
Students who achieve the eligibility requirements of a minimal aggregate are only admitted to M.com programs in India. The college's official website will have a list of selected candidates, and they will be notified of the results and following steps in the admissions process through email.
(3). M.Com Specializations
The table shown below shows the various types of M.Com specializations available to a student:
|M.Com in Business Policy Corporate Governance||M.Com in Business Studies|
|M.Com in Human Resource Development||M.Com in International Banking|
|M.Com in Management||M.Com in Statistics|
|M.Com in Sales and Marketing||M.Com in Marketing|
|M.Com in Taxation||M.Com in Tourism Administration|
|M.Com in International Business||M.Com in Accountancy and Business Statistics|
|M.Com in Accountancy||M.Com in Accounting & Auditing|
|M.Com in Accounting and Finance||M.Com in Accounting and Taxation|
|M.Com in Advanced Accountancy||M.Com in Applied Economics|
|M.Com in Bank Management||M.Com in Banking and Finance|
|M.Com in Banking and Insurance Management||M.Com in Business Administration|
|M.Com in Business Finance||M.Com in Business Management|
(4). Course Comparison
M.Com v/s MBA
M.Com and MBA are two separate courses that have their own benefits. It totally depends on your qualification background and area of interest to select one of these courses. Some of the key differences of these courses are mentioned below:
|Course Name||Master of Commerce||Master of Business Administration|
|Course Overview||The M.Com course is a two-year postgraduate degree application with an in-depth take look at subjects, such as accounting, commerce, economics, and advancing finance-associated matters. The direction aim is to educate people for powerful control in finance and marketing.||Master of Business Administration or MBA is a two-year path and are expert postgraduate degree course in commercial enterprise management and commercial enterprise management. MBA publications are designed to broaden diverse skills, along with commercial enterprise acumen and management skills.|
|Course Duration||2 year||2 year|
|Eligibility Criteria||Minimum 50 percent marks in B.Com, B.Com (Hons), or equivalent from a recognized university.||Minimum of 50% of total marks in UG|
|Entrance Exam||DUET, AMU Entrance Exams, SAT, CUET, etc.||XAT, NMAT, SNAP, etc.|
|Average Annual Fees||INR 10,000-5,00,000||INR 3,00,000-10,00,000|
|Average Annual Salary||INR 2,00,000-10,00,000||INR 5,00,00-25,00,000|
|Top Colleges||Loyola College(Chennai), Shri Ram College of Commerce(Delhi), Hindu College(Delhi), etc.||IIMs, XLRI, FMS, etc.|
Read More: MBA
M.Com's scope in India is vast as the demand for graduates who wish to pursue a career in finance, accounting, or business has increased. The M.Com courses are offered by various prominent colleges in India and the candidate can get admission based on merit or entrance exam scores.
|Name of College||Average Annual Fee(INR)|
|Parul University||INR 40,000|
|Stella Maris College, Chennai||INR 20,000|
|Kristu Jayanti College, Bangalore||INR 80,000|
|Mumbai University, Mumbai||INR 2,226|
|Atma Ram Sanatan Dharma College, New Delhi||INR 11,771|
|Kalinga University||INR 25,000|
|Arunachal University of Studies||INR 35,000|
|Ramniranjan Jhunjhunwala College, Mumbai||INR 14,815|
|Women's Christian College, Chennai||INR 48,728|
|Sri Guru Tegh Bahadur Khalsa College, New Delhi||INR 18,954|
|University of Mysore||INR 9,680|
|St Joseph's College, Bangalore||INR 78,500|
|Guru Nanak College, Chennai||INR 11,450|
|Delhi University||INR 8,000|
|Nmkrv College For Women, Bangalore||INR 1,50,000|
|Sister Nivedita University||INR 1,53,000|
|Hansraj College , New Delhi||INR 17,304|
|Jain University||INR 62,500|
|Sydenham College of Commerce and Economics||INR 6,265|
M.Com degree holders have ample jobs in the finance and corporate sectors. After completing the degree, they can choose and apply to various jobs, Like operation manager, finance consultant, funding banker, advertising manager, accountant, and enterprise analyst.
Job Profiles for M.Com
Some of the prominent M.Com Jobs available to the postgraduates are:
|Job Profile||Job Description|
|Business Analyst||An enterprise analyst examines the market, product lines, and the general profitability of the enterprise. They examine the troubles and search for an appropriate solution.|
|Operations Manager||They deal with the hiring procedures, setting up of targets, team management, and the like.|
|Account Assistant||This includes maintaining ledgers, assisting customers, preparing and distributing checks, and basic bookkeeping work.|
|Finance Consultant||They help their clients in meeting their short and long-term goals by advising them on tax planning, investment and retirement planning, and others.|
|Accountant||An accountant looks after the finance-associated count of the companies or institutes. He maintains the report of the fees that arise for the duration of the year with the assistance of accounting software. He additionally makes the corporations privy to the present fund and destiny expenses. An accountant prepares and distributes cheques, and manages record-retaining paintings at banks and account departments of diverse organizations.|
|Stock Broker||Stock Brokers usually deal with stocks and perform financial services for the company.|
|Marketing Manager||Marketing Manager allows the corporation and institute to broaden and put into effect the advertising plans of the organization.|
|Cost Accountant||They usually perform routine analyses to help determine the type of Operations and substances that can be maximum price powerful for the workplace or their organization.|
|Assistant Professor||They are typically hired in institutes and faculties and educate the more youthful generations in the entirety of their trade and behavior studies at the same time.|
|Business Consultant||Their function is to research the market, product traces, and the general profitability of the business.|
|Investment Banker||Investment Banker allows customers to elevate cash inside the capital marketplace and difficulty debt or promote their fairness inside the companies.|
Top Recruiters for M.Com
The following are the top recruiters for the M.Com Graduates:
|Price Waterhouse||Grant Thornton|
|Lodha & Co.||SS Kothari Mehta & Co.|
|Punjab National Bank||Ernst & Young|
Average Salary for M.Com
The table below consists of a range of profiles and average M.Com salary:
|Job Role||Average Annual Salary(INR)|
|Finance Manager||Rs. 9,80,000|
|Finance Executive||Rs. 3,60,000|
|Business Analyst||Rs. 4,80,000|
|Wealth Manager||Rs. 7,20,000|
The commerce sector is ever-increasing due to the digitalization of the world. Banking and Finance are the pinnacle employment regions for college kids after an M.Com degree. The majority of students are preparing for CA (Chartered Accountancy), CMA (Certified Management Accountant), and different incredibly acclaimed country wide and global certification publications with inside the discipline of finance and accounting.
Career options after M.Com
Here are some common career options you can consider:
(ii). Logistics Analyst
(iii). Data Analyst
(iv). Business Intelligence Analyst
(v). Insurance Manager
(vi). Claims Adjuster
(vii). E-commerce Manager
(viii). Retail Operations Manager, etc.
Scope for Higher Education M.Com
After graduating from the course, the aspirant can choose to pursue higher courses in Commerce. The aim of the program is to develop scholars into researchers who can make substantial contributions to the field of commerce and finance. Here is the list of Higher Education after post-graduation:
(1). What is an M.Com course?
Ans. M.Com stands for "Master of Commerce. It is a postgraduate degree in commerce and finance-related subjects, focusing on advanced studies in accounting, economics, management, and business principles. The program aims to enhance students' understanding of business practices, finance, and trade to prepare them for various career opportunities in the corporate world.
(2). What are the eligibility criteria to apply for M.Com?
Ans. The minimal eligibility standard to use for M.Com is 50% combination in B.Com or B.Com (H) from a recognized college or college. Some universities also accept students who have completed their graduation in Economics (H), BBA, or BBE with a minimum of 60% aggregate.
(3). Can I become a CA after doing an M.Com?
Ans. Yes, of course! You can pursue a CA after doing an M.Com. In fact, you can also pursue it side by side during M.Com. There isn't any age bar to pursue CA, consequently, you could pursue it anytime. It will take a minimum of 3-5 years to complete CA.
(4). What are the fees for M.Com?
Ans. Average fees for an M.Com Course are between 10,000-5,00,000 Per Annum. This varies based on the institute, faculty, placement history, and several factors.
(5). What is the role of an Investment Banker?
Ans. Investment Banker helps clients raise money in the capital market and issue debt or sell their equity in the companies.
(6). What is the starting salary for M.Com graduates?
Ans. The starting salary for M.Com graduates in India typically ranges from INR 2,00,000-10,00,000 PA. However, salary figures can vary depending on factors such as job role, company, location, and individual qualifications
(7). Is M Com better than an MBA?
Ans. M.Com graduates experience appealing income programs and are in call for throughout each public and personal sectors. On the contrary, pursuing an MBA complements one's abilities, expertise, and expert network, beginning doorways to more promising career prospects and providing valuable insights into entrepreneurship.
(8). Can I do M.Com after BBA?
Ans. Yes, students from the BBA program are eligible to join M.Com The students who have completed their BBA degree with 50% aggregate from any recognized university in India and abroad are eligible to apply for M.Com
(9). What specializations are there in M.Com?
Ans. Specializations in M.Com (Master of Commerce) typically include Accounting, Finance, Marketing, Business Analytics, International Business, and Human Resource Management, among others. These specializations allow students to gain expertise in specific areas of commerce and tailor their academic and professional focus accordingly.
(10). Which company is best for M.Com students?
Ans. There isn't a single "best" company for M Com students, as it depends on individual career goals and preferences. Many top companies across sectors like finance, banking, consulting, and retail value M.Com graduates for their financial expertise and analytical skills. Some renowned companies include Deloitte, PwC, Ernst & Young, ICICI Bank, and Tata Consultancy Services.
(11). What are the career prospects in academics after M. Com?
Ans. There is a good scope in academics after studying M.Com. Candidates need to appear for the UGC NET/JRF exam. Based on their UGC score candidates will get NET or both NET and JRF. After clearing the UGC NET/JRF, candidates are eligible for lectureship at colleges or they can join for the Ph.D.
(12). What are the top colleges for M.Com?
Ans. The top colleges for M.Com are Shri Ram College of Commerce, Hansraj College, St. Joseph College, Stella Maris College for Women, St. Xavier's College, and Sri Guru Gobind Singh College.