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Introduction Our Course
M.Com
We all know, that if you want to work in the field of Commerce, then you have to do a B.Com or bachelor of commerce first as the initiation, after that you should go for the M.Com. The M.Com or Master of Commerce is the advanced degree of B.Com degree where you have to spend about 2 years at the Postgraduate level. The benefit of this course is that you can pursue this degree in the form of full-time, part-time, distance, or correspondence and online courses. Before going for this degree, you should know the career scope or course benefits after completion as you can go for the UGC-NET/JRF and Doctor of Philosophy (Ph.D.) with this degree. Another benefit is that you can choose a career in Corporate Secretary, Electronic marketing, Auditors, ACCA course, or many more sectors. Additionally, you can choose the government sectors as well like in the fields of Banks, Educational institutes, the Finance sector, and many more. Some Entrance exams like SAT, DUET, CUET and AMU are conducted by different bodies.
Universities
27
Duration
2 Years
Eligibility
Graduation
What is M.Com?
M.Com candidates may have the ability and knowledge in the fields of accounting, taxation, banking, finance, and insurance or you can work in the sectors as well. This is usually a 2-year degree at the Postgraduate level. People usually consider a teaching career in college. In that way, you should enroll for a Ph.D. to become a professor/teacher at your desired college. Additionally, You can choose your career like CA, CS, or CFA.
There are buckets of career opportunities if you choose this course to develop leadership quality, communication skills, business management skills, and many more skills.
If you want to get admitted to M.Com, you should have chosen the course specializations like M.Com (Banking), M.Com (Marketing), M.Com (Taxation), M.Com (Accounting), M.Com (Finance), M.Com (Computer Application), and many more, so that you can choose your career accordingly.
Why M.Com?
No doubt, Because of the demands, there is high popularity of this M.Com degree, Because it has provided many real-life career growth like people may use the knowledge or skills in real life too because, In this course, you will learn about business, economics, stock markets, accountancy, and many more things.
- Rising of career growth:
If you have completed your M.com degree, you will get various career aspects or areas to settle somewhere, if you have observed that, People commonly choose teaching areas because of the demand, they either choose B.Ed or Ph.D. Other options are that you can go for the Banking Financial Services and Insurance (BFSI) sectors, Financial Manager or Auditor, etc.
- Professional Courses/Degrees:
Courses like CA, CS, or CFA, are usually considered by the M.com students because these are counted as one of the lengthy examinations in India, because of the complicated syllabus. But once you clear these examinations, they will give you healthy career growth and salary packages.
- Maximum Salary hike:
This is not unknown to anyone if you succeed in the preferred career after the completion of an M.Com degree, this will give you a maximum salary hike or growth in the private as well as government sectors.
If you are fresher you will get a salary of about Rs. 2 lakhs per annum to Rs. 5 lakhs per annum. Here we are giving you an idea about the salary package based on experience level-
Experience level |
Average Salary |
Entry-level |
Rs. 5-7 lakh p.a (approx) |
Mid Level |
Rs. 6-8 lakh p.a (approx) |
Top-level |
Rs. 10-15 lakh p.a (approx) |
Highlights about the M.Com (Master of Commerce):
Specifications |
Details |
Course |
M.Com (Master of Commerce) |
Degree level |
Post Graduation |
Course Duration |
2 Years |
Eligibility Criteria of Course |
Graduation (B.Com, B.Com (Honours), or equivalent) |
Entrance Exams |
SAT, CUET, DUET, AMU Entrance Exams etc. |
Admission Process |
Merit/entrance based |
Course Fee |
INR 50,000 - INR 60,000/- |
Average Salary |
INR 4 LPA |
M.Com Specializations |
Accounting, Economics, Statistics, Finance, Business Management, etc. |
M.Com Colleges |
Loyola College, Chennai, Hindu College, New Delhi, Hansraj College - [HRC], New Delhi, Shri Ram College of Commerce |
Top Recruiters |
HDFC, ICICI Bank, Deloitte, KPMG and so on. |
Job Profiles |
Share Broker, Accountant, Business Analyst, Chartered Accountant etc. |
What is the Duration of the M.Com?
As we know M.Com is available in various modes, if you want to pursue an M.Com degree you can pursue it in full-time, part-time, distance, or correspondence and online mode. Generally, the duration of this course is 2 years at the PG (post-graduation) level which can vary as per university.
What are the Eligibility criteria for M.Com?
If you are looking for the Eligibility criteria for an M.Com degree, then we need to tell you that to pursue any PG (Postgraduate) Degree, there can be a demand for the UG (undergraduate). Similarly, For the M.Com degree, there is demand for the B.com degree or equivalent. You can check the eligibility criteria for the M.Com Degree-
- If you have completed your graduation in BCom or BCom (Honours), or equivalent, you are eligible for the M.Com degree.
- You are also eligible if you have completed Economics (H), BBA, BFIA, and BBE with a minimum of 60% marks.
- In some universities, they are giving reservations about 5% to reserved categories.
What about the M.Com Admission?
For the application to an M.Com, you have to meet your eligibility first as per the university and specializations, we are mentioning a general admission process because Some universities can take admissions based on entrance as well as merit basis.
- If you want to apply, you should choose your course specialization first, then, choose/ prefer your university to get admitted
- After that, you can apply by visiting the official site of the preferred university.
- Upload your all necessary documents and pay the fees as per the university via credit card, Debit card, UPI or net banking, etc.
- Some universities/colleges conduct the entrance examinations, and after that, they clear the cutoff. Where you have to meet their declared cutoffs.
- If the admissions, a merit basis, you have also a clear cutoff which will depend upon your academic marks.
Top Colleges for M.Com Courses
There are so many private and government colleges, that have a slight difference in fee structure and some facilities. Here we are giving you a general idea of the Colleges, you can take a look from here-
Top Private Colleges for M.Com:
India has various private colleges/universities for M.Com degrees, you can get an idea about their fee structure from here-
Name of College |
Fees (In INR) |
Christ University, Bangalore |
INR 2 lakh |
Amity University, Noida |
INR 2 LPA |
Lovely Professional University, Jalandhar |
INR 3.2 LPA |
Narsee Monjee College of Commerce & Economics, Mumbai |
INR 42,000 to 1.6 lakh |
Loyola College, Chennai |
INR 50,000 |
Top Government Colleges for M.Com
If you want to be admitted to government colleges, you have to score well in the entrance examination because government colleges/universities have many facilities in terms of fees, hostels, quota everything. You can take a look here-
Name of College |
Fees (In INR) |
Hindu College, University of Delhi |
INR 37,000 |
Deshbandu College, Delhi |
INR 1,600 |
Indian Institute of Management and Commerce, Hyderabad |
INR 67,600 |
Kishinchand Chellaram College, Mumbai |
INR 71,000 |
Ramjas College, Delhi |
INR 29,000 |
What about the M.Com Specializations?
We know that M.Com provides many specializations like in MCom (General) and MCom (Honours). Which is considered by you and your interest and capabilities. This can provide you a plenty of job scopes.
M.Com Specializations |
|
Here, we are explaining to you some top M.Com specializations and their details-
M.Com Specialisation |
Details |
M.Com (Taxation) |
|
M.Com (Mathematics) |
|
M.Com (Accounting & Finance) |
|
M.Com (Marketing) |
|
M.Com (Computer Application) |
|
What about the syllabus/subjects of the M.Com Course?
You know that an M.Com degree is a 2-year degree programe which will be divided into 4 semesters. Under this course, you will learn about the finance industry where you can gain technical knowledge as well. The degree considers the specializations, internships, and on-the-job team projects with businesses.
Here, are some descriptions of the general M.Com degree, you can take an idea from here-
Semester I |
Semester II |
|
|
Semester III |
Semester IV |
|
|
What are the Career Opportunities of the M.Com Course?
After the completion of this degree, you will have vast career options, if you want you can go for a teaching job/ lecturer-ship or go for research. Additionally, you can choose to go for private, public, or government sectors. Here we are giving a gist about the top job profile with their job salaries given below-
M.Com Job profiles |
Average salary (per year) |
Finance Executive |
INR 4.15 LPA |
Chartered Accountant (CA) |
INR 8 LPA |
Bank Manager |
INR 7.9 LPA |
Business Analyst |
INR 6 LPA |
Share Broker |
INR 4 LPA |
Finance Manager |
INR 9.8 LPA |
Risk Analyst |
INR 5.16 LPA |