Master of Commerce (MCom) is a postgraduate degree, which deals with commerce , accounting , management , and economics. The two-year degree course opens career opportunities in the corporate and finance sectors. It offers specialization in accounting, taxation, finance, and human resource management. This is a four-semester choice based credit system course and has approval from UGC. After completing a two-year course, students get an academic degree from the respective university which is designated as a Master of Commerce.
Master of Commerce (M.Com) course is considered as an entry point for professions like chartered accountancy, company secretary, cost and work accountancy, and insurance and banking services. One can also pursue higher studies and become the lecturer and assistant professor at universities. In this article, we will discuss M Com full form, M Com general subjects, eligibility, admission, career opportunities.
M Com full form is of Master of Commerce, is a postgraduate course in the field of commerce. Major candidates who complete graduation with B.Com proceed with M.Com. It is one of the most prominent courses for commerce background students.
Course level
Post Graduate
Full form
Master of Commerce
Course duration
2 Years
Admission process
Based on the entrance exam/merit-based
Eligibility
Candidates are required to have 50 per cent in B.Com from a recognised university.
Fees
Rs. 35,000 to Rs. 50,000 per annum
Average salary offered
Up to Rs. 4 lakhs per annum, depending on the experience.
Career Opportunities
Chartered Accountant, Company Secretary, Insurance and Banking services.
M.Com is a popular course among students. To get an admission to M.Com, candidates are required to have minimum qualifying marks at bachelor’s degree level. The detailed admission process is given below:
Admission to an M.Com is on the basis of the score obtained at the degree course - B.Com and the availability of seats.
The candidates must have passed a degree in Bachelor of Commerce (B.Com) from a recognised university, with a minimum of 50 per cent.
The admission to M.Com is based on the merit of a bachelor’s degree in commerce - B.Com from a recognized university or college. It is also based on an entrance exam. The admission process of the M.Com, in brief, is given below.
Eligible candidates are required to submit their application online at the college or university’s website along with scanned copies of the required documents. They have to pay the application fee online.
They can also download the filled in application form and send it to the concerned department of the university/college along with required documents and receipt of application fee payment.
Candidates will be shortlisted based on the merit of the qualifying exam - B.Com.
Some of the universities/colleges conduct the entrance test.
Candidates have to appear for the entrance test conducted by the university or college.
Based on the entrance test result, candidates are invited for the counselling/interview.
Selected candidates have to report to the college/university/institute and complete the admission process, which includes, document verification and fee payment.
M.Com distance course admission:
M.Com course is also offered to the students through the distance mode. Candidates can go for the M.Com Distance Admission in case they are unable to attend regular classes by being physically present at the institute. Such candidates can enrol for admission to M.Com course through distance mode.
M.Com distance course admission procedure:
Admission to M.Com course in the distance mode is offered on the basis of merit of the qualifying examination and there is no entrance exam conducted for admission by the colleges offering this course. IGNOU is one of the universities, offering distance education in M.Com. The detailed M.Com Distance Admission procedure is given below:
Candidates aspiring to take admission in the distance mode for M.Com course have to first fill in all the details in the application form available on the website of the respective university and submit it along with all the necessary documents as demanded by the institute/university.
Admission shall be given on the basis of marks scored in the qualifying exam. Eligible candidates meeting the eligibility criteria shall be offered admission once the documents are successfully submitted by the candidate.
Fee payment is the final step of the admission process. Admission to M.Com course is confirmed once the requisite fee is paid.
CUET PG : CUET PG or Common University Entrance Test-PG is a national-level entrance examination conducted by NTA (National Testing Agency) for admission to various master's degree programmes. The score of the CUET-PG entrance examination is accepted by 47 central universities in India.
CUET PG Application Form
CUET PG Syllabus
CUET PG Admit Card
CUET PG Eligibility Criteria
CUET PG Result
CUET PG Answer Key
CUET PG Exam Pattern
CUET PG Cut off
MCom admission process at top colleges:
M.Com degree is offered by various universities and colleges in India. The admission process of these colleges and universities are based on merit as well as the entrance exam conducted by the respective colleges. Following colleges and universities offer M.Com degrees.
Madras Christian College
St. Xavier's College
Sri Guru Govind Singh College
Hindu College, Delhi
Financial Institutions and Markets: Deals with an interest rate, financial markets, banking, financial services, and financial inclusion.
Security Analysis and Portfolio Management deal with an analysis of fixed income securities, equity analysis, portfolio analysis, management, and financial derivatives.
International Financial System, focuses on the international monetary system, exchange rate determination and forecasting, international financial market, international banking, and financial crises.
Advertising and Sales Management: The area deals with the organisation and evaluation of advertising efforts. It also covers the topics of fundamentals of personal selling, sales planning, and organisation.
International Marketing: The specialisation deals with international product planning and pricing decisions, international distribution decisions, international promotion strategies, emerging trends in international marketing.
Consumer Behaviour: This deals with the consumer decision-making process, individual differences in consumers, socio-cultural determinants of consumer behaviour.
Supply Chain Management and Logistics: This field deals with managing relationships, logistics and supply chain management, challenges in logistics, and supply chain.
Human Resource Development: This deals with HRD activities and application, HRD in trends and practices.
Management of Industrial Relation: This area focuses on the structure and evolution of industrial relations, industrial conflicts and disputes relations, industrial conflicts and disputes resolution, trade union, negotiation, and collective bargaining and industrial democracy.
Strategic Human Resource Management (SHRM): This area deals with implementing strategic human resource management, and trends and issues in SHRM.
Compensation Management and Employee Welfare Laws: This area covers various acts related to workforce management, which includes-payment, wages, compensation, and maternity benefits.
This is the study of accounting principles and other finance-related subjects.
M.Com is a postgraduate degree in the commerce discipline. This is a two- year degree course offered by the universities. After completing a two-year degree course, students get an academic degree from the respective university which is designated as a Master of Commerce.
In-depth Knowledge- If an individual pursues a master degree he or she gets exposed to a lot of in-depth knowledge about the field. Same applies to someone who will pursue M.Com. If a student has pursued a bachelor in commerce then an M.Com degree will provide him or her with a lot of knowledge about the areas which they would have studied in the past.
Wider scope- After pursuing an M.Com a student has a wider scope in terms of career as well as job opportunities. He or she can get a job easily especially in the field of finance and accounting.
Further Studies- For a candidate who wishes to pursue a PhD in future he or she can pursue an M.Com before that in order to have in-depth knowledge of the field.
Also Read : Commerce Certification Courses
Research Methodology
Advanced Cost Accounting
Human Resource Management
International Business Environment
M.Com degree holders have ample scope of the job in the finance and corporate sector. After completing the degree, they can choose and apply to various jobs, like operation manager, finance consultant, investment banker, marketing manager, accountant and business analyst.
The salary offered in various professions varies from sector to sector depending upon the skills, qualifications, experience, and other specific demands of the recruiters. As freshers or at the entry-level the average salary package offered varies from Rs. 2 lakhs per annum to Rs. 5 lakhs per annum. The experienced person can earn upto Rs. 8 lakhs per annum.
The details regarding some job opportunities are provided below:
Operations Manager
Operation Manager deals with the hiring procedures, setting up targets, and team management.
Finance Consultant
The finance consultant guides the client on tax planning,
investment, and retirement planning.
Investment Banker
Investment Banker helps clients to raise money in the capital market and issue debt or sell their equity in the companies.
Marketing Manager
Marketing Manager helps the organization and institute to develop and implement the marketing plans of the organisation.
Accountant
An accountant takes care of the finance-related matter of the organisations or institutes. He keeps the record of the expenses that occur throughout the year with the help of accounting software. He also makes the organisations aware of the existing fund and future expenses. An accountant prepares and distributes cheques, and manages record-keeping work at banks and account departments of various organisations.
Business Analyst
A business analyst, analyze the market, product lines, and the overall profitability of the business. They analyse the problems and look for a suitable solution.
The private, as well as the government sector, offers jobs to people who have successfully completed the M.Com course. The public sector offers higher pay than the private sector. The salary offered varies from sector to sector depending upon the skills, qualifications, experience, and other specific demands of the recruiters. As freshers or at the entry-level the average salary package offered varies from Rs. 2 lakhs per annum to Rs. 5 lakhs per annum. People with a decent number of years of experience can earn up to a salary package of Rs. 6 lakhs per annum to Rs. 8 lakhs per annum.
The detailed salary offers as per the experience is given below. The salary scales mentioned below are only for reference purposes, please treat them as such only and not any actual salary figures. Actual salary scales depend upon a lot of factors such as the interview, educational proficiency and the employer as well as the geographical location of the job.
Experience level
Avarage salary
Entry-level
Rs. 5 lakh p.a (approx)
Mid Level
Rs. 6 lakh p.a (approx)
Top-level
Rs. 10 lakh p.a (approx)
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Answer:
Management of industrial relation focuses on the structure and evolution of industrial relations, industrial conflicts and disputes relations, industrial conflicts and disputes resolution, trade union, negotiation, and collective bargaining and industrial democracy.
Salary package will be between 2 to 5 LPA, depending on the skills of the candidates.
Accountant takes care of the finance-related matter of the organisations or institutes. He keeps the record of the expenses that occur throughout the year with the help of accounting software. He also makes the organisations aware of the existing fund and future expenses. An accountant prepares and distributes cheques, and manages record-keeping work at banks and account departments of various organisations.
The Business Analyst, analyze the market, product lines, and the overall profitability of the business. They analyze the problems and look for a suitable solution.
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.
International financial management, deals with cross border investment decisions, financing decisions, working capital management. It also deals with international diversification and portfolio investment and international tax environment and international accounting.
Finance, Computer Application, Accounting, Taxation, and Human Resource Development Management are the M.Com specializations.
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, Sri Guru Gobind Singh College.
After the two-year degree, candidates can opt for professions like Chartered Accountancy (CA), Company Secretary (CS), Cost and Work Accountancy (CWA), Insurance & Banking services.
Candidates are required to submit their application online at the college or university’s website. Eligible candidates will be shortlisted based on their merit or entrance test exam.
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