Course, Degree, Eligibility, Admission, Fees, Syllabus, Examinations, Scope: M.Com (Master of Commerce)

A postgraduate degree in commerce, accounting, management, and economics is called a Master of Commerce (MCom). The two-year degree program leads to employment prospects in the financial and business sectors. It provides specialty in human resource management, accounting, taxes, and finance. This course has been approved by UGC and is a four-semester choice-based credit system course. Students who successfully complete a two-year program are awarded a Master of Commerce degree by the particular institution.

A Master of Commerce (M.Com) degree is seen to be a prerequisite for careers in chartered accounting, corporate secretarial work, cost and work accounting, insurance, and banking. Additionally, one might continue their education to work as an associate professor or lecturer at a university. The M Com complete form, M Com general topics, eligibility, admission, and job options will all be covered in this article.

In what entire form is MCom?

Master of Commerce, or M Com as it is fully abbreviated, is a postgraduate program in commerce. Major applicants who graduate with a B.Com. go on to pursue an M.Com. For students with a background in business, it is one of the most popular courses.

MCom Course Overview

Level of the course

After Graduation

Complete version

Commerce Master's degree

Duration of the course

Two Years

Admissions procedure

based on the merit-based entrance test

Qualifications

Applicants must have 50% of their B.Com. from an accredited institution.

Charges

Between Rs. 35,000 and Rs. 50,000 annually

Average pay package provided

up to Rs. 4 lakhs annually, depending upon experience.

Career Possibilities

Company secretary, insurance, banking, and chartered accountant services.

MCom Qualifications

M.Com is a course that many students take. In order to be admitted to the M.Com program, applicants must meet minimal requirements at the bachelor's degree level. The following is a full admissions process:

The availability of seats and the grade received in the B.Com degree course determine admission to the M.Com program.

The applicants must have earned a minimum of 50% in their Bachelor of Commerce (B.Com) degree from an accredited institution.

Admission to MCom

The quality of a bachelor's degree in commerce (B.Com) from an accredited institution or college is the basis for admission to the M.Com program. It is also predicated on an admission test. A quick overview of the M.Com. admissions procedure is provided here.

Candidates who meet the eligibility requirements must upload their application and scanned copies of the necessary paperwork to the college or university's website. The application cost must be paid online.

Additionally, they may download the completed application form and mail it, together with the necessary paperwork and proof of payment for the application fee, to the relevant department of the university or institution.

A shortlist of candidates will be created based on their performance on the B.Com. qualifying test.

A few colleges and institutions offer admission exams.

Applicants must show up for the admission exam that the college or institution administers.

Candidates are invited for counseling and interviews based on the results of the admission exam.

Candidates who are chosen for admission must report to the college, university, or institution and finish the admissions procedure, which includes paying the required fees and verifying their documentation.

M.Com. remote learning admission:

The M.Com course is also available to students via remote learning. If candidates are unable to attend regular courses in person at the institution, they may apply for the M.Com. Distance Admission program. These applicants may apply via distance learning for admission to an M.Com program.

M.Com. remote learning admissions process:

The institutions that offer the M.Com. course do not need an entrance test; instead, admission is granted based solely on the merits of the qualifying examination. One of the universities that offers M.Com. distant learning is IGNOU. The following is a comprehensive guide to the M.Com. remote admission process:

In order to be considered for admission to the M.Com program via distance learning, candidates must first complete the online application form found on the website of the relevant institution and submit it with all required supporting documentation as specified by the university.

Admission will be granted based on the qualifying exam results. After the applicant submits their paperwork successfully, those who satisfy the requirements will be given the opportunity to apply for admission.

The last step in the admissions procedure is to pay the fee. After the required payment is received, admission to the M.Com program is verified.

Highest Admission Test

CUET PG: The Common University Entrance Test-PG, often known as CUET PG, is an entrance test for master's degree programs that is administered nationally by the National Testing Agency (NTA). 47 central institutions in India recognize the results of the CUET-PG admission test.

Application Form for CUET PG

The syllabus for CUET PG

Admit Card for CUET PG

CUET PG Qualification Standards

CUET PG Outcome

Answer Key for CUET PG

Exam Pattern for CUET PG

Cut off of CUET PG

Top institutions' admissions procedure for MCom:

Numerous Indian institutions and colleges offer an M.Com degree. These schools and universities use a merit-based admissions procedure in addition to entrance exams administered by their individual institutions. The institutions and colleges listed below provide M.Com degrees.

Christian College of Madras, New Delhi, Shri Ram College of Commerce (SRCC)

St. Xavier's College, New Delhi Hansraj College

Bangalore's St. Joseph College

College of Sri Guru Govind Singh

Delhi's Stella Maris College, a Hindu College for Women

MCom Areas of Expertise

Interest rates, financial markets, banking, financial services, and financial inclusion are all covered in the M.Com. in Finance course on financial institutions and markets.

Fixed income securities analysis, equities analysis, portfolio analysis, management, and financial derivatives are all covered under security analysis and portfolio management.

The international financial system is concerned with the international monetary system, international banking, forecasting and setting of exchange rates, and financial crises.

M.Com. in Marketing, Advertising, and Sales Management: This field focuses on planning and assessing advertising campaigns. It also covers organization, sales strategy, and the principles of personal selling.

International Product Planning and Pricing Decisions, International Distribution Decisions, International Promotion Strategies, and Emerging Trends in International Marketing are all covered within this specialization.

Consumer Behavior: This includes the decision-making process used by consumers as well as individual variations and sociocultural factors that influence consumer behavior.

Logistics and supply chain management, relationship management, supply chain, and logistical issues are all included in this discipline.

Human Resource Development M.Com.

Human Resource Development (HRD) encompasses the activities, applications, trends, and practices related to HRD.

Management of Industrial Relations: This field focuses on trade unions, collective bargaining, negotiation, industrial democracy, industrial conflicts and disputes settlement, and the structure and development of industrial relations.

Strategic Human Resource Management (SHRM): This field focuses on the application of SHRM as well as its trends and problems.

Laws pertaining to employee welfare and compensation management: These laws encompass a range of workforce management-related actions, such as those pertaining to salaries, compensation, and maternity benefits.

M.Com. in Accounting

This is the study of different topics connected to finance and accounting concepts.

Taxation: This covers tax-related issues, tax reviews, and related literature, among other things.

Computer Application: A program or collection of programs created with end users in mind is this software. The program has an accounting program, a word processor, a spreadsheet, and a web browser.

M.Com degree types

A postgraduate degree in commerce is called an M.Com. Universities provide a two-year degree program in this area. Students who successfully complete a two-year degree program are awarded a Master of Commerce academic degree by the particular institution.

Benefits of an MCom Degree: Comprehensive Understanding A person who seeks a master's degree is exposed to a great deal of in-depth information on the area. The same is true for those who want to pursue an M.Com. An M.Com degree will provide a student who has pursued a bachelor's degree in commerce a wealth of understanding about the subjects they would have previously studied.

Greater scope: Students who pursue an M.Com. have access to a greater range of professional and employment options. He or she has easy access to employment, particularly in the accounting and financial industries.

Further Studies: To get in-depth understanding of the area, a candidate wishing to pursue a PhD in the future may first take an M.Com.

MCom Course Schedule

First Semester

Advanced Financial Accounting paper/course

Managerial Economics of the Indian Financial Sector

Second Semester

Methods of Research

Advanced Accounting for Costs

Co-management

Management of Human Resources

Third Semester

Core Group: Statistical Methods and Advanced Management Accounting

Fourth Semester

International Business Environment Project, Core Group

Career Opportunities after M.Com. Holders of an M.Com. degree have several work options in the corporate and financial sectors. They may choose and apply to a variety of positions, such as operation manager, financial consultant, investment banker, marketing manager, accountant, and business analyst, after earning their degree.

The pay scale for different occupations differs from industry to industry based on the experience, education, and other requirements that recruiters have. The typical compensation package provided to new hires or entry-level employees ranges from Rs. 2 lakhs to Rs. 5 lakhs annually. An experienced individual may make up to Rs. 8 lakhs a year.

The following contains information on a few career opportunities:

Manager of Operations

The operations manager oversees recruiting practices, goal-setting, and team supervision.

Financial Advisor

The customer receives advice on investments, retirement planning, and tax preparation from the financial expert.

Financial Advisor

Investment bankers assist customers with loan issuance, stock sales, and capital market fundraising.

Manager of Marketing

The marketing manager works with the company and institution to create and carry out the marketing strategies.

Accountant

An accountant handles the organization's or institute's financial matters. With the use of accounting software, he maintains a record of all of the costs that come up throughout the year. Additionally, he informs the organizations of the fund's current status and upcoming costs. In addition to managing record-keeping tasks at banks and account divisions of different organizations, an accountant prepares and distributes checks.

Analyst for Business

Analyze the market, product lines, and overall profitability of the company as a business analyst. They examine the issues and try to find a workable solution.

MCom Pay

Those who have successfully finished the M.Com course may find employment in both the public and private sectors. Pay is greater in the public sector than in the private sector. The wage range provided varies per industry based on the recruiters' unique needs in terms of experience, education, and other requirements. The typical compensation package provided to new hires or entry-level employees ranges from Rs. 2 lakhs to Rs. 5 lakhs annually. Individuals with a respectable amount of expertise may expect to get between Rs. 6 and Rs. 8 lakhs annually in income.

Below are the specific compensation offers based on experience. Please note that the compensation scales shown below are just meant to serve as a guide and do not represent real wage amounts. The actual compensation scales are determined by a number of elements, including the company, educational background, and location of the position, in addition to the interview.

Level of experience

Average income

Beginning-level

About Rs. 5 lakh per year

Level Mid

About Rs. 6 lakh per year

Superior

About Rs. 10 lakh per year

Common Questions and Answers (FAQs)

1. How can I get into an M.Com. program?

It is necessary for candidates to apply online via the college or university's website. The shortlisting of qualified applicants will be determined by their entrance exam results or merit.

2. What types of positions are open to those with an M.Com.?

Upon completion of the two-year degree program, individuals may choose to pursue careers in banking and insurance services, cost and work accounting (CWA), company secretarial (CS), and chartered accounting (CA).

3. Which institutions are best for M.Com. students?

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 are the best universities for M.Com. candidates.

4. Which M.Com. specializations are available?

The M.Com specialties are in Finance, Computer Application, Accounting, Taxation, and Human Resource Development Management.

5. In brief, what is global financial management?

Decisions about funding, working capital management, and cross-border investments are all covered under international financial management. It also covers international accounting, international taxation, foreign portfolio investing, and international diversification.

6. What are the academic job possibilities after an M. Com.?

After completing an M.Com., there is plenty of academic opportunity. It is required of candidates to take the UGC NET/JRF test. Candidates will get either NET or both NET and JRF depending on their UGC score. Candidates may enroll for a Ph.D. program or become lecturers at institutions after passing the UGC NET/JRF.  

7. What does a business analyst do?

Analyze the business's overall profitability as well as its product lines and market. They examine the issues and try to find a workable solution.

8. What does an accountant do?

Accountants handle the organization's or institute's financial matters. With the use of accounting software, he maintains a record of all of the costs that come up throughout the year. Additionally, he informs the organizations of the fund's current status and upcoming costs. In addition to managing record-keeping tasks at banks and account divisions of different organizations, an accountant prepares and distributes checks.

9. What is an investment banker's job description?

Investment bankers assist customers with loan issuance, stock sales, and capital market fundraising.

10. What is the starting compensation package for someone with an M.Com?

Compensation will range from 2 to 5 LPA based on the applicants' qualifications.

11. What is industrial relations management?

The structure and development of industrial relations, industrial conflicts and disputes settlement, trade unions, collective bargaining, negotiation, and industrial democracy are the main topics of industrial relations management.

12.What's the complete form of M.Com? 

Master of Commerce, or M Com as it is fully abbreviated, is a postgraduate program in commerce. Major applicants who graduate with a B.Com. go on to pursue an M.Com. For students with a background in business, it is one of the most popular courses.