MCom (Master of Commerce): Full Form, Course, Distance Education, Colleges, Syllabus, Jobs, Scope 2021-2022

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Abhijit Pal

Updated on - May 15, 2021

MCom, or Master of Commerce, is a postgraduate course in the field of commerce that is particularly aimed for students who want to become an expert in different fields of banking and finance. This course is of 2 years duration and is highly regarded and very well received in the industry. 

Know More About Commerce Courses

MCom Admission 2021 can only be pursued by graduate students from commerce background (BCom, BCom Hons) with a minimum of 50% aggregate secured at graduation level. This is the basic MCom eligibility that is followed in almost all the colleges and universities. Admissions are done both on the basis of Merit list and entrance exam. The top entrance exams are BHU PET, CUCET, PU CET and many more.

MCom Syllabus includes subjects such as Organisation Theory and Behaviour, Economic Analysis, Managerial Accounting, Marketing Management, etc.

Table of Contents
  1. MCom Quick Facts
  2. About MCom

2.1 Why MCom

2.2 Who should do MCom

2.3 When to do MCom

  1. MCom Admission Process

3.1 Eligibility

3.2 MCom Admission 2021

3.3 MCom Entrance Exam 2021

3.4 MCom Entrance Exam Important Dates

  1. Types of MCom

4.1 Full-time MCom

4.2 Part-Time MCom

4.3 Distance MCom

4.4 MCom vs MBA

  1. MCom Distance Education

5.1 MCom Distance Education Admission 2021

5.2 MCom From IGNOU

5.3 MCom From Annamalai University

5.4 MCom from LPU Distance Education

5.5 MCom Distance Education Top Colleges

  1. MCom Curriculum

6.1 MCom Syllabus

6.2 MCom Top Books

  1. MCom Specialisation

7.1 MCom Accounting and Finance

7.2 MCom Computer Application

7.3 MCom Taxation

7.4 MCom Marketing

7.5 MCom Banking and Finance

7.6 MCom Finance

  1. MCom Colleges in India

8.1 Delhi

8.2 Mumbai

8.3 Chennai

8.4 Bangalore

8.5 Hyderabad

8.6 Pune

8.7 Kolkata

8.8 College Comparison

  1. MCom Abroad

9.1 USA

9.2 New Zealand

9.3 Canada

9.4 Australia

  1. MCom College Ranking

10.1 MCom Colleges: NIRF Ranking

  1. MCom Jobs and Career
  2. MCom Scope
  3. MCom FAQs

MCom Quick Facts

  • MCom full Form is Master of Commerce
  • The average fees of the MCom course ranges between INR 5,000 to INR 150,000 per annum.
  • The admissions to the MCom Courses are done on the basis of both merit list and entrance examination.
  • The top MCom Colleges in India are Hindu College, Delhi, Mithibai College of Arts, Mumbai, Christ University, Bangalore, and many more
  • The top entrance exams for MCom Admission are BHU PET, PU CET, AU CET, etc.
  • Candidates can pursue MCom Courses in regular, online , distance education mode.
  • Distance MCom is suitable for working professionals. The average fees for MCom Course in distance mode ranges between INR 5000-INR 38,000.
  • Candidates after completion of the course can land jobs in different profiles such as account assistant, cost accountant, business analysts, finance consultants, operation manager and many more.
  • The top recruiters are KPMG, PWC, State Bank of India, HDFC Bank, ICRA, etc.
  • The average starting salary can be around INR 5 LPA across private and government sectors of banking, accounting, finance and insurance.
  • Candidates after completion of the course can go for higher education such as an MBA, CFA, CA, PhD, etc.

Average MCom Fees

About MCom 

The 2 years MCom course provides quality education to the students serving the needs of managerial cadre in business and industry. It also serves the purpose of research and teaching in business studies.

The course improves logical reasoning, analytical skills, communication skills, mathematical and statistical knowledge, business management skills, teaching and research skills. Therefore, candidates who are interested in becoming teachers, lecturers, professors and pursue higher education (PhD) usually go for this course. 

Why MCom? 

The MCom courses are in high demand due to the financial benefits it provides to the candidates. The MCom courses are available in different modes and the large amount of specialization allows the candidates to carve a niche among the different industries. The following are the advantages a candidate can avail after the completion of course:

  • Development of Managerial Skills: The MCom Syllabus includes different subjects related to management of the organisation and its people. The MCom syllabus is curated in such a way that the candidates equipped with skills to handle the finance, growth of company, create strategies to tide over difficult situation
  • MCom Specialization: The MCom course offers a large number of specialisations that includes streams such as Finance, Accounting and Finance, Marketing, Computer application, Financial management, business management, etc. The different specialization improves the job prospect.
  • It allows the candidates to build up their networks with different batch mates as well as seniors, professors and alumni. The main idea behind networking is the creation of references for future jobs.
  • Robust Salary: A MCom Graduate in India earns an average salary of INR 5,00,000 per annum. MCom graduates have job opportunities in almost every sector of the economy. Some of the top recruiters of MCom graduates are Capgemini, Dell, Infosys and others. Moreover, there is no age bar to pursue an MCom degree.
  • Many Chartered Accountant (CA) and Company Secretary (CS) students pursue MCom courses on the side. 
  • MCom qualification allows candidates to appear for competitive exams like civil services exam or exam related to finance and accounting requirements like income tax, CAG or excise departments.

Check out: Career as a Banker

Who should do MCom? 

  • Candidates who want to pursue a career in commerce stream should pursue the MCom course.
  • Candidates who want to pursue different leadership positions in the industries should opt for the MCom courses.
  • Working professionals who have graduate certificates in commerce can pursue this course in distance mode to improve their job prospects.
  • Candidates who are not satisfied with their graduation degree in particular steam can choose a MCom Specialization according to their own interest 
  • Aspirants who wish to start their own business can pursue an MCom course.
  • Candidates having aspiration of becoming a professor of commerce should pursue this degree as a stepping stone for the PhD program. 

When to do MCom? 

  • Candidates can pursue MCom Degree immediately after thecompletion of their graduate programs.
  • Candidates can pursue this degree after gaining some experience in relevant fields so that they can improve their career prospect.
  • Working professionals can pursue this course in distance mode after in order to gain promotion or upgrade their skills.

MCom Admission Process 

The admission to the MCom courses are done on the basis of merit or entrance examination. The admission processes are quite straightforward and easy to follow. You either need to pass the entrance exam or score decently well in the graduation. The marks required for the different MCom specializations vary according to the different colleges/universities. However, the basic details remains the same 

Eligibility 

The basic eligibility criteria to pursue this course is as follows:

  • Students need to secure a minimum of 50% aggregate in BCom or BCom Hons or equivalent from a recognized university.
  • Some universities also consider students who have completed Bachelor’s degree in Economics & Statistics, BFIA, BBS and BBE with a minimum aggregate score of 60% or equivalent from a recognized university.
  • Students belonging to Reserved category are entitled to marks relaxation of up to 5% in government universities.

MCom Admission 2021 

  • The MCom admissions are done on the basis of merit and entrance examination.
  • In case of admission through merit list the candidates marks in the graduation level would only be taken for consideration. 
  • In some cases , students are required to give an entrance examination which is usually MCQ based, testing students’ knowledge and background in commerce.
  • Top MCom Universities such as Delhi University, Banaras Hindu University, Christ University, etc. conduct a national level examination for admission into their PG courses. 
  • Hence, to take admission in MCom course, students are required to apply for the exam, and on the basis of its performance, students are given admissions or succeeded to the next round of admission process, i.e., Counselling or Group Discussion and/or Personal Interview.
  • A merit list is released on the basis of which students are given admissions.

Check Out: MCom Cutoff

In case candidates are applying in an institute that gives merit based admission like in many private universities such as Amity, LPU, Chandigarh University, etc., then they just need to simply visit the institute’s website and fill up the online application form or visit the college and fill-up the form offline. 

The online application process is as follows:

  • Step 1: Visit the website and register yourself and login to your account.
  • Step 2: Read the instructions carefully and fill up the application form.
  • Step 3: Upload the required documents.
  • Step 4: Check the application form before submitting it.
  • Step 5: Make the final payment of the application fee.

Many top government universities in India such as University Of Calcutta, Kalyani University offer admission through merit list.

MCom Entrance Exam 2021

Following are the top entrance exams considered for MCom admissions in India:

BHU PET 

The exam is a university level national examination that is conducted by Banaras Hindu University (BHU) for admission into PG courses, including MCom. Every year thousands of students appear for this exam across several exam centres in India in the hope to get admission in this reputed and highly acclaimed university.

Delhi University MCom Entrance Exam 

This exam is conducted by Delhi University every year to admit the deserving candidates into its many colleges offering MCom courses. A merit list is released mentioning all the affiliated colleges’ cut off and basis on the student’s performance, he/she is granted admission into the college whose cut off is cleared.

PU CET (PG) 

PU CET is a state level entrance exam conducted by Panjab University, Chandigarh for candidates seeking admission to its various PG courses and programs in different fields such as science, commerce, management, etc. Every year this offline exam is conducted in the month of May and June.

Allahabad University PGAT

It is a state level entrance exam conducted by University of Allahabad each year to allow students to take admission to its different PG level courses. The mode of exam is usually in an offline mode whose application process starts in the month of March-April every year.

CUCET 

This is a national level examination regularly jointly by ten central universities. Conducted by Central University of Rajasthan (CURAJ) in the month April-May every year, this offline exam offers admission into various UG, PG, Diploma & PhD programmes of the participating universities and colleges. 

AUCET 

It is a state level entrance exam conducted by Andhra University, Visakhapatnam offering admission in only PG courses. The affiliated colleges are Dr BR Ambedkar University, Srikakulam, along with Andhra University. This offline mode exam is usually conducted in the month of May-June every year.

SRMHCAT 

It is SRM Common Admission Test conducted by SRM University for providing admissions in management, engineering and commerce courses of UG & PG level. It is an aptitude based MCQ test of 150 minutes, hence the syllabus is the same for all the courses.

MCom Entrance Exam Important Dates 

Exam Name Exam Mode Application Period Exam Date Result Declaration
Delhi University Entrance Exam Online/Offline To be announced  To be announced  To be announced 
BHU PET 2021 Offline Postponed Due to Covid-19 To be announced  To be announced
CUCET 2021 Offline June 2021 September, 2021 (Tentative) To be announced
PUCET PG 2021 Offline April 24-May 18, 2021 June 13-14, 2021 July 14-16, 2021
AUCET 2021 Offline To be announced May, 2021 (Tentative) June, 2021 (Tentative)

Types of MCom 

MCom is one of the most popular academic courses in India. The MCom course offers the opportunities for a number of specializations as well as different variants of the course that can be pursued by the candidates according to their time, ability and eligibility. The different types of MCom courses have been discussed below.

Full-time MCom 

  • The Full Time MCom courses are offered for a duration of two years. The full-time MCom course is the most popular form of MCom course in India
  • Admission to MCom Courses are done on the basis of merit or entrance exam.
  • The top colleges offering MCom courses in India are Hindu College, Christ University, University of Calcutta, etc.
  • Mcom Specialization includes Accounting and Finance, financial management, Business management, statistics , etc.

Part-Time MCom 

  • The part time MCom courses are available for a duration of 2 years.
  • The courses are available from different colleges such as Birla Global University, Nalanda Open University, ICFAI Dimapur, etc.
  • The average fees range between INR 3,400- INR 67,500.
  • The admissions are provided on the basis of Merit list that is prepared from the marks obtained at the graduation level

 Distance MCom 

  • The distance MCom courses are popular amongst working professionals or aspirants who cannot attend classes on a regular basis.
  • The candidates before pursuing the distance education course should see that the courses are validated by the Distance Education Board and UGC.
  • The courses are offered by IGNOU, Lovely Professional University, Annamalai University, Karnataka State Open University, and many more.
  • The average course fee ranges between INR 5000-INR 38,000.
  • The average duration idf the course is 2-5 years

MCom vs MBA 

MCom (Master of Commerce) and MBA (Master of Business Administration) are two separate courses that have their own benefits. It totally depends on your qualification background and area of interest to select one of this course. 

Some of the key differences of these courses are mentioned below:

Parameters MCom MBA
Overview MCom is a master’s degree focusing on accounting, commerce and economics related subjects, particularly aimed for students who are interested in research and teaching. MBA is a course that focuses on the study related to the business environment and management system, involving many specializations such as marketing, finance, logistics, etc.
Full Form Master of Commerce Master of Business Administration
Suitability Suitable for those who wish to make a career in the field of teaching and research and want to pursue higher education. It also offers many jobs in the accounts and commerce industry. Suitable for those who are looking into making their career in the business making field and management field suitable with managerial and leadership positions.
Focus Area This course mainly focuses on academic and theoretical approach. This course is more of a professional job oriented course.
Average Total Fee INR 60,000 INR 10,00,000
Average Salary INR 5,00,000 INR 8,00,000

MCom vs MBA_ Fees & Salary

Source: College Websites

MCom Distance Education

MCom Distance Education is one of the most lucrative courses that is available to aspirants who are unable to pursue the degree in regular mode. The candidates before taking admission to MCom Distance education course should check whether the course is accredited by Distance Education Board (DEB) and UGC or not. 

MCom Distance Education Admission 2021 

The minimum eligibility criteria for admission to MCom distance education course is that the candidates should pass their graduation with a minimum score of 50% in most cases. The admission to the top colleges are done mainly on the basis of merit list from the score obtained in the graduation level. 

Applications are mostly online, but colleges also have the option to apply in an offline mode with the submission of all necessary documents such as marksheets, scores, degree certificates, etc.

The detailed information of MCom distance admission of different colleges has been listed below:

MCom From IGNOU 

  • The duration of MCom from IGNOU is 2 to 5 years
  • The average course fee is INR 11,000.
  • There is no upper age limit for pursuing MCom from IGNOU.
  • The course offers regular teleconferencing for regular guidance.
  • Graduates from any discipline from any recognized university are eligible to study this course.

CheckTop Part Time MCom Colleges in India

 MCom From Annamalai University

  • The Course is recognised by the UGC and it can be used as a valid certificate for government or private employment.
  • MCom admission is provided for different specialisations such as Finance and accounting, marketing Management, Computer application,etc.
  • The Admissions are done on the basis of merit list.
  • The average course fee is INR 7000.

MCom from LPU Distance Education 

  • The minimum duration of the course varies from 2-4 Years.
  • The candidates should pass B.Com, BBA, BSc (Economics), BA (Commerce), or any other graduation with Mathematics or economics as one of the subjects. 
  • The course fee is INR 9,650 per semester.
  • The admission are done on the basis of merit list.

 MCom Distance Education Top Colleges 

Some of the top MCom Distance Education Universities/Colleges are:

Name Location Average Fees
IGNOU New Delhi INR 11000
SRM University (Distance Education) Chennai INR 16,000
IDOL Mumbai University Mumbai INR 12,000
SOL Delhi University New Delhi INR 10,000
LPU Distance Education Jalandhar INR 38,600
Mahatma Gandhi University, School of Distance Education Kottayam INR 5000
Annamalai University Distance Education Annamalai INR 7000
Karnataka State Open University (KSOU) Mysore INR 13,500

MCom Curriculum

The MCom curriculum is divided into 4 semesters. The subjects of different MCom specializations vary accordingly. There are a number of subjects that are offered in the MCom course, however, during the first year of the program, the same set of MCom subjects are taught to the students in all the course specializations. In the second year, students opting for specialization have to choose a set of elective subjects that are offered in the Master of Commerce course. In some cases the candidates are required to undertake internship projects in the final semester.

MCom Syllabus 

The MCom syllabus and course curriculum of the majority of the colleges in the country is almost the same with a little bit of variation. 

Both the common compulsory and elective MCom subjects are listed below:

MCom Compulsory Subjects
Accounting and Managerial Decisions Business Environment
Computer Applications in Business Corporate Financial Accounting
Corporate Legal Environment Corporate Tax Planning
E-Commerce Economics of Global Trade and Finance
Financial Management Management Concepts and Organization Behaviour
Managerial Economics Marketing Behaviour
Statistical Analysis Strategic Management

The following table shows some of the common elective subjects and courses in Master of Commerce. These subjects are generally offered to students in the later semesters.

MCom Elective Subjects
Banking and Finance Entrepreneurial Management
Commercial Bank Management Financial Bank Management
Financial Markets Human Resource Management
International Finance Investment Management
Research Methodology in Commerce Income Tax

Click on MCom Syllabus to know the full course list. 

MCom Top Books

The following table shows MCom course books list that helps students to perform well in the semester end examinations:

Name of the Book Name of the Author
Principles of Accounting Dixon Cooper, Mitchell Franklin, and Patty Graybeal
Business Taxation Radhakrishnan P
Financial Accounting R. Narayanaswamy
Cost Accounting  M.P Gupta
Financial Management I.M. Pandey

MCom Specialisation 

The different MCom specialization has been tabulated below. The top MCom specialization will be described in the following section.

MCom Accounting and Finance 

MCom Accounting and Finance is the course that focuses more on the accounting sector & Finances of the economy. It provides you with the detailed study of accounting principles and other finance related subjects. Mount Carmel College, NIMS University, etc, offer this MCom course that offers great career opportunities in the accounting field and alike.

Duration of the Course 2 years
Examination Type Semester-Wise
Eligibility Minimum score of 50% (Relaxable for reserved category students) marks at graduation level.
Admission Process Entrance exam based/Merit-based
Course Fee Between INR 8,000 to 2.25 Lacs
Average Starting Salary INR 15,000 to 19,000
Top Recruiting Companies Investment firms, Banks, Custom departments, Insurance Industry, Import/Export Firms
Job Positions Accountant, Investment analyst, Personal Finance Consultant, Business and Corporate analyst, Investment banker, Operations Manager etc.

Check: MCom Accounting and Finance Colleges in India

MCom Computer Application

Computer applications give you both theoretical knowledge and practical exposure to the computer applications world. This zone is more concerned with the software designed to help users to get easy accessibility of applications. MCom Computer Applications can be pursued form colleges such as NIMS University, Annamalai University, Kakatiya University, etc.

Duration of the course 2 Years
Examination Type  Semester Wise
Eligibility Minimum score of 50% in the undergraduate level and for SC/ST/OBC the percentage is 45%.
Admission Process Merit Based/Entrance Based admission
Course Fee Rs. 10,000 to Rs. 60,000
Average Salary Rs. 30,000 to Rs. 6,00,000
Top Recruiters Cognizant, Wipro, HP, L&T infotech, Polaris, IndusInd Bank, Capgemini
Job positions Budget analysts, Mobile application developers, Management Consultants, etc

Check: Top MCom Computer Applications Colleges in India 2021

MCom Taxation 

MCom Taxation course guides candidates on taxation problems, tax related literature, tax reviews and others. After this course completion you can get into jobs like financial analyst, tax collectors, business analyst and alike.

Duration of the course 2 years
Examination Type Semester system
Eligibility Minimum score of 50% in the undergraduate level and for SC/ST/OBC the percentage is 45%. The candidates must from from commerce
Admission Process Entrance exam based/Merit-based
Course Fee INR 1 to 4 Lacs
Average Starting salary INR 5 to 20 Lacs per annum
Top recruiting companies Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd), etc.
Job Positions Tax Recruiter, Tax Policy Analyst, Tax Advisor, Revenue Agents, Tax Examiners, Tax Manager, Tax Accountant, Tax Collectors, etc.

Also see: Top MCom Taxation Colleges in India 2021

MCom Marketing 

Marketing is widely pursued and used in the field of business and management. MCom Marketing usually involves a practical based project and provides all the technical knowledge and skills needed for marketing in the field of commerce and finance.

Duration of the course 2 years
Examination type Semester
Eligibility Bachelor's degree in Commerce with a minimum score of 50%. Candidates must have Maths, Economics or Accounts in the graduation level
Admission Process Entrance Exam / Merit-based
Course Fee INR 3,720 to 1,29,000
Average Salary INR 4.5 to 8 Lakhs per annum
Top Recruiting Companies Google, Facebook, ITC, Hindustan Unilever, BhartiAirtel, etc.
Job Positions Marketing Operations Specialist, Assistant Manager, Communications Manager, Public Relations Manager, Lecturer, Teacher, Management Associate, Business Manager.

MCom Banking and Finance 

MCom Banking and Finance is a 2 years post graduate course that offers the candidates in-depth knowledge about the banking procedure, laws, financial management, etc. The candidates after completing the MCom in Banking and Finance can land job opportunity in different profiles such as treasurer, loan counsellor, sales officers and many more

Duration of the Course 2 years
Examination Type Semester
Eligibility Bachelor's degree in Commerce with a minimum score of 50%.
Admission Process Entrance Exam / Merit-based
Course Fee Between INR 2 lac to 5 lac
Average Starting Salary Rs.15000 to 3 lac
Top Recruiting Companies banks, credit companies, business schools, Indian economic services, consultancies etc.
Job Positions Treasurer, Business Analyst, Loan Counsellor, Marketing executive, credit and risk manager, etc.

Check Out: MCom Banking and Finance Colleges

MCom Finance 

MCom Finance deals with the financial issues of the organization like budgeting and other finance related issues. It covers subjects such as Financial Accounting and Packages, Banking & Technology, Insurance and Risk Management, Portfolio Management, etc.

Duration of the course 2 Years
Examination Type Semester Based
Eligibility Criteria Bachelor’s degree in Commerce with 55% aggregate score 
Admission Procedure Entrance Exam + Counselling 
Course Fees INR 1,00,000-4,00,000 per annum 
Average Starting Salary  INR 4,00,000-INR 20,00,000 (per annum) 
Job Positions  Financial Consultant, Investment Banker, Auditor, Finance Manager, Financial Analyst, Quant Specialist, Financial Controllers etc. 
Top Recruiting Companies  Genpact, Tata Motors, BSNL, Wipro Technologies Ltd., WNS Global Services, TATA Consultancy Services Limited, National Small Industries Corporation Limited, Heavy Engineering Corporation Limited etc. 

Check out: Top MCom Finance Colleges in India 2021

MCom Colleges in India

The MCom colleges according to their city wise location.

Delhi 

The Top MCom colleges in Delhi has been listed below 

 Mumbai

The top MCom Colleges in Mumbai are

Chennai 

List of MCom colleges in Chennai has been tabulated below

Bangalore 

List of MCom colleges in Bangalore has been tabulated below

Hyderabad 

List of MCom colleges in Hyderabad has been tabulated below

 Pune 

The following are list of some of the nest MCom colleges in Pune

Kolkata 

List of MCom colleges in Kolkata has been tabulated below

College Comparison

The table below shows a significant comparison of some of the best colleges considered for MCom course:

Parameters Hindu College, New Delhi Presidency College, Chennai Loyola College, Chennai
Overview It’s one of the oldest and prestigious colleges of delhi university offering UG and PG courses in all streams. It is one of the best universities in the world with the bestest teaching methodology and education environment. Loyola college is the institute affiliated to the university of madras. It is also famous for health care law and a medical school.
NIRF- Ranking 2 3 6
Average Fee INR 44,000 INR 1700 INR 20,000
Average Placement Package INR 5 LPA INR 3.5 LPA INR 5 LPA
ROI Rank 3 1 2
Top companies participate in placement drives KPMG, DE Shaw, Maruti, Jaypee, deloitte, google and others. HDFC Bank, TATA AIG, Federal Bank. Mind tree, reliance etc E&Y, Zoho corps, well fargo, Wipro, TCS, IBM, Amazon and others.

Top MCom Colleges in India

Source: College Websites

MCom Abroad 

MCom or similar courses are taught in the top foreign nations such as the USA, New Zealand, Canada and Australia.

The courses are more expensive than the courses that are provided in India. 

The eligibility criteria for the courses varies from one nation to another. However, some of the eligibility criteria of the course remains the same

  • The candidates should complete their 12th or equivalent exam with good marks.
  • The candidates should pass their english proficiency exam such as IELTS, TOEFL, etc.
  • The candidates have to qualify for the GRE exam as it is mandatory for some universities and colleges.
  • The candidates need to produce a letter of intent in some cases.
  • Candidates need to provide 2 references.
  • Some colleges require the candidate to qualify their entrance exam and personal interview.

USA 

College/University Names Average Fees
University of California - Riverside Campus INR 43,15,300
University of Dayton INR 24,33,300
University of South Carolina INR 21,93,000
University of Michigan INR 38,28,600
University of Idaho INR 17,85,900

New Zealand 

College/University Names Average Fees
AUT University, Auckland INR 23,49,800
University of Otago, Dunedin INR 21,25,700
University of Auckland, Auckland INR 20,79,400
Victoria University of Wellington, Wellington INR 18,62,000

Canada 

College/University Names Average Fees
Western University INR 9,72,100
University of Toronto INR 27,10,500
York University, Toronto INR 41,39,900
Queen's University, Kingston INR 37,49,500
Saint Mary's University, Halifax INR 22,07,600

 Australia 

College/University Names Average Fees
Victoria University, Melbourne INR 11,74,800
The University of Adelaide INR 21,53,800
Flinders University, Adelaide INR 17,62,200
Swinburne University of Technology, Melbourne INR 14,49,000
University of Sydney INR 21,29,400

MCom College Ranking

The Mcom College rankings are done by different government and private agencies based on different parameters. The MCom college ranking by NIRF and India Today has been listed below.

MCom College NIRF ranking 

Top MCom Universities in India

MCom Jobs & Career

After being awarded the MCom degree, candidates can either look for jobs in various departments or opt for certification courses such as CA, CFA, CMA, ACCA, etc. 

  • The areas in the private sector that are open to a MCom graduate include Accounting, Consumer durable industry, Telecom industry, Banking, and Insurance Industry, Automobile industry, BPO industry, Media industry, Retail industry and a lot more.
  • MCom course graduates may start as a Sales Officer, Accounts Manager, Finance Manager, Company Law Assistant, Cost Accountant, Financial Advisor, Financial Consultant, Tax Consultant, etc. 

Students have a plethora of job opportunities in government as well as private sectors to choose from provided that they are not limited to careers in accounts, finance and banking.

Some of the prominent MCom Jobs available to the postgraduates are:

Job Profile Job Description Average Package
Account Assistant This includes maintaining ledgers, assisting customers, preparing and distributing checks, and basic bookkeeping work. INR 2.20 LPA
Cost Accountant They usually perform routine analyses to help determine the type of operations and materials that are most cost effective for the office or their organization. INR 5.16 LPA
Business Consultant Their role is to analyze the market, product lines and the overall profitability of the business. INR 9.86 LPA
Investment Banker They basically help their clients to raise money in the capital market by issuing debt or selling their equity in the companies. INR 9.4 LPA
Marketing Manager They are responsible for developing, implementing and executing the marketing plans of the organization. INR 7.17 LPA
Operations Manager They deal with the hiring procedures, setting up of targets, team management and alike. INR 7.8 LPA
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. INR 3.6 LPA
Stock Broker Stock Brokers usually deals with stocks and performs financial services for the company INR 3.50 LPA
Assistant Professor They are usually employed in institutes and colleges and teach the younger generations everything about commerce and conduct research at the same time. As per Govt. Standards

Source: Payscale

MCom Salary Trend Graph:

MCom Jobs & Salary

MCom Scope

Commerce sector is ever increasing due to the digitalization of the world. Banking and Finance are the top employment areas for students after an MCom degree. Majority of students are preparing for CA (Chartered Accountancy), CMA (Certified Management Accountant) and other highly acclaimed national and international certification courses in the field of finance and accounting.

Courses after MCom

Following are the list of courses that are usually pursued after MCom:

  • Doctor of Philosophy (PhD): 

PhD is the highest degree that one can pursue after completing a master degree course. Hence, after MCom, students can pursue this research based degree which can take upto 3-5 years to complete. Admission is based on entrance exams such as NET and other equivalent national level or university level examinations. This is considered a best option for students who are interested in lectureship and fellowship.

In the field of commerce, students can opt for one of the following PhD degrees:

  • Management Courses:

As we all know, management is one field that requires top industry professionals and managers to excel. There are many management courses that are available at master level. Admission is based on entrance exams such as CAT, MAT, XAT, GMAT, GRE, CMAT and other management entrance exams

They provide a plethora of job opportunities and better career prospects in different high paying fields such as management, finance, international business, business analytics, supply chain, logistics, healthcare management, and many more. 

Following are the top master level or higher management courses that MCom students are eligible to pursue to enter the demanding field of management:

MBA (Master of Business Administration) PGDM (Post Graduate Diploma in Management)
PGPM (Post Graduate Program in Management) Executive Fellow Program in Management
  • Bachelor of Law (LLB):

It is the only recognized law degree that should be used only if you want to become a legal expert or enter the field of legal studies and management. LLB is of 3 years and offers great career prospects such as Lawyer, Advocate, Legal Expert, Corporate Lawyer, Legal Consultant, Government Lawyer, etc. The salary in the law fields increases with experience and knowledge.

The following list shows the top certification courses that students can puruse after MCom to have a great career in the field of accountancy, finance, and economics, both in India and Abroad:

  • Chartered Accountancy (CA)

CA is highly pursued by most of the Indian students from commerce background because of the financial stability, career respect and higher paying job options. The average salary range of a CA is around INR 7-20 LPA in India according to Payscale.

  • Certified Management Accountant (CMA)

If you are highly interested in working globally in the account management field, then opting this course is the best option. CMA is offered by the Institute of Management Accountants (IMA), USA and offers a great deal of career prospects. The Average Salary after this course is around INR 5-20 LPA in India, and upto INR 30 LPA in the US.

  • Chartered Financial Analyst (CFA)

CFA is one of the most respected and difficult courses to qualify. It is one of the best certification courses out there in the world, providing and regulating higher standards of education in the field of finance. Students are required to qualify three levels of examinations in order to officially work as a CFA. The average salary of around INR 4-25 LPA can be expected after this course in India.

  • Certified Financial Planner (CFP)

CFP is again one of the highly pursued courses after BCom honors to officially work as a Financial Consultant in India. The certification provides an extra edge to the candidates and provides better compensation in the industry. The average salary can be around INR 4-15 LPA, and even more in some scenarios after relevant experience and successful client base, if you are working independently.

  • Public Accounting (CPA)

US certified Public Accountant is one of the highest certifications that you can earn in the US, that can help you to uplift your career globally in the field of accounting. The average salary can be around INR 7-20 LPA in India after qualifying this certification.

  • Financial Risk Manager (FRM)

If you are interested in risk management and its allied fields, then you should pursue FRM. It is a globally recognized certification for finance and banking professionals by Global Association of Risk Professionals (GARP, USA). The average salary can be around INR 10-17 LPA in India and even more in the US.

  • Association of Chartered Certified Accountants (ACCA)

ACCA is one of the fastest growing organizations that is particularly aimed for accountants in the world. After joining ACCA, students have great career prospects in India and all over the world, and there are opportunities to bag a salary of around INR 6-16 LPA, and above.

MCom: FAQs

Ques. What are the types of MCom?

Ans. There are not many types of MCom degrees in India. It is usually based on the specializations or topics the college or university is providing.

The different types of MCom are:

  • Mcom Regular
  • MCom Financial Management
  • MCom Accounts and Finance
  • MCom Finance
  • MCom Computer Applications
  • MCom Business Management, etc.

Ques. What opportunities do I have after completing MCom? What is the scope of MCom in India?

Ans. After MCom, there are a number of opportunities for students in finance, economics,  business, e-commerce and in banks. These are the major areas of jobs employment after completing this master degree course.

If you aspire to go forward in your career, there are many courses after MCom that you can pursue like PhD, CA, CFA, CFM, CFP, ICW, LLB, and others. 

These courses will provide MCom students an extra edge that helps them to perform better in their career, and they have an opportunity to earn an average salary of around INR 6-12 LPA.

If you are interested in teaching, you can associate yourself with some coaching institute of classes and earn pretty well. If you want to get into lecturership then you can qualify NET exam and become a Professor in a distinguished college or institute, and earn around INR 4-10 LPA, and even more as per the government standards.

Ques. Which is better: MCom or MBA?

Ans. MCom is a master level degree in the field of commerce and MBA is a master level degree in the field of management. Both offer diverse career options and have their own advantages. 

  • MCom will offer you jobs in the finance and banking sector, and professionals can become an Accountant, Tax Consultant, CA, CFA, Financial Consultant, Business Consultant, etc. As mentioned above as well, there are many higher degrees and courses that students can pursue after post graduation.
  • MBA, on the other hand offers management level and leadership positions in various sectors that could be marketing, finance, international business, digital marketing, e-commerce, data & business analytics, etc. The average starting salary after MBA from a top B-School is around INR 12-20 LPA. The average fees to pursue MCom is a lot less than MBA. It can go upto INR 23 Lakhs to complete MBA from IIMs, SJIMER, NMIMS, etc. 

Students who are genuinely interested in the commerce field and want to achieve a higher position in accounting, banking or taxation, then MCom is the course that you want to pursue. But if you want to enter the field of corporate industry as a management professional and expert then MBA is the best study option for you.

Ques. Is it worth doing MCom correspondence from IGNOU?

Ans. IGNOU is a central university that offers many UG, PG and diploma and certification level courses to the students. The course curriculum of an MCom degree is quite comprehensive, hence it can be considered a good option if you are pursuing some other course like CA, CFA, CFP, CMA, or any other higher degree course, then it is wise to pursue MCom through correspondence or distance in IGNOU. The fee is less and it offers good curriculum and employment advice from the teachers and professors.

Ques. What is the criteria for MCom admission in SRCC?

Ans. SRCC is affiliated to Delhi University, which conducts admission through 2 ways: direct admission and through entrance exam. 

  • Direct Admission is granted on the basis of marks obtained in BCom course. It should be above 90%.
  • Entrance Exams are conducted yearly that offer MCom admissions, and based on the performance students will be granted admission in SRCC

Ques. What is the passing criteria for passing IGNOU MCom?

Ans. Following is the passing criteria for MCom IGNOU:

  • Theory Subjects: A minimum of 40% in total in all the theory subjects.
  • Assignments: A minimum of 50% in total in all the submitted assignments.
  • Final Marks: 70% of theory+ 30% of assignments, which should be a minimum of 40% of the total marks.

Ques. What are the best colleges for MCom?

Ans. Some of the best universities to pursue MCom degree are:

To know more, check Top MCom Colleges in India 2021.

Ques. Can I become a CA after doing an MCom?

Ans. Yes, of course! You can pursue CA after doing MCom. In fact, you can also pursue it side by side during MCom. There is no age bar to pursue CA, hence you can pursue it anytime. It will take a minimum of 3-5 years to complete CA.

Ques. Which is better, Master of Commerce or LLB?

Ans. Both these courses are different from each other and poles apart. LLB is a law degree which can be pursued after graduation to become a lawyer, advocate and get into legal services. MCom offers a higher degree of education and knowledge in different fields of commerce such as economics, finance, taxation, business management, etc.

So, it totally depends upon your interest, which master degree to choose. LLB offers greater career prospects than a simple MCom. MCom is beneficial if you are interested in higher studies and wants to go into lectureship or teaching in colleges or universities.

Ques. How many subjects are there in Master of Commerce 1st year?

Ans. Following are the subjects in MCom 1st year:
  • Organizational Behaviour
  • Human Resource Management
  • Managerial Economics
  • International Business
  • Micro Economics & Macro Economics
  • Statistics
  • Operational Research
  • Accounting Theory
  • Business Ethics and Corporate Governance
  • Marketing Management

Ques. What has been the highest placement package at Delhi School of Economics in MCom course?

Ans. Delhi School of Economics is highly known for commerce education in India. The highest placement package ever offered was of INR 28 LPA, and the average package is around INR 10-12 LPA.

Ques. What is the average placement in Banaras Hindu University after Master of Commerce?

Ans. BHU is considered a top university in India for education i n different streams. In terms of placement, they offer great opportunities and many companies come to recruit skillful students. The average salary is around INR 4-7 LPA in companies such as HDFC, ICICI, TCS, Infosys. All the students above the cgpa of 5.5 are eligible to sit for placements. The college is known for providing placements to around 90-97% of the students. The placement committee is not extremely impressive but due to the credibility of the college, many top companies visit the campus and recruit the deserving candidates. 

Ques. Is it true that BHU PET exam date is postponed due to COVID-19 crisis?

Ans. Yes, due to the coronavirus and lockdown extension in India, BHU PET exam, which was supposed to happen on April 26, 2020 has been postponed until further notice. Notifications will be sent to the applied candidates through mail and mobile messages.

Master of Commerce [M.Com] : 3 answered questions

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Ques. What is the Pedagogy of M.Com program at MIT-WPU?

● Top Answer By Asmita Khandelwal on 28 Aug 20

Ans. Pedagogy of M.Com program are: Student-centric, Group discussions on current topics, Developing case studies with local community and business, Guest lectures by industry experts, Interactive sessions, Project-based learning, Research orientation, Seminars & workshops on current topics, Tutorial & assignments, Class test / Open book test.  Read more
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Ques. What are the Employment Opportunities after completion of the M.Com program from MIT-WPU?

● Top Answer By Shubham Gupta on 28 Aug 20

Ans. Employment Opportunities after completion of M.Com program are: Professional Accountancy, Investment Banking, Investment analysis, Management consultancy, Financial management in reputed companies, Business Analyst, Financial Analysts, Executive Assistant,  Securities Analyst, Risk Analysts, Consultant in Banks, Research & NGO, Chartered Accountancy(C.A), Company secretary(C.S), Cost & Management Accountancy(C.M.A), Certified Public accounting (C.P.A), M.B.A- Master of Business Administration(Marketing Management, Financial Management, Human Resource Management, Banking & Insurance Management).Read more
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Ques. What are the unique features of studying M.Com from MIT WPU?

● Top Answer By Anam Shams on 28 Aug 20

Ans. Unique features of studying M.Com from MIT WPU is: Continuous internal evaluation, Case study approach, Focus on skill development and start, Encouragement to attend and present papers at national/ international symposiums, Peer Assessment, Online certification courses, webinars and corporate training, Choice of elective subjects from a wide spectrum of subjects to meet individual’s professional goal, Experiential learning in association with industry.  Read more
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Master of Commerce [M.Com] Fee Structure in India


360 (Minimum Fee)PUBLIC COLLEGES2.89 L  (Maximum Fee)
33.53 K (Average Fee)
583 (Minimum Fee)Private COLLEGES2.80 L (Maximum Fee)
53.39 K (Average Fee)

Master of Commerce [M.Com] Fee Structure By state


Tamil Nadu

770PUBLIC COLLEGES1.08 L
22 K
1.63 KPrivate COLLEGES1.20 L
39.96 K

Karnataka

11.20 KPUBLIC COLLEGES2.79 L
72.87 K
9.80 KPrivate COLLEGES2.60 L
1.02 L

Maharashtra

3.23 KPUBLIC COLLEGES53 K
17.07 K
2.75 KPrivate COLLEGES1.70 L
26.77 K

Uttar Pradesh

360PUBLIC COLLEGES56 K
14.33 K
2.38 KPrivate COLLEGES2.32 L
54.18 K

Madhya Pradesh

1.87 KPUBLIC COLLEGES1.92 L
27.29 K
2 KPrivate COLLEGES1.85 L
34.79 K

Kerala

3.25 KPUBLIC COLLEGES1.76 L
20.02 K
583Private COLLEGES1.96 L
47.32 K

Delhi NCR

2.86 KPUBLIC COLLEGES2.72 L
41.56 K
2.38 KPrivate COLLEGES2.32 L
79.51 K

Punjab

21.80 KPUBLIC COLLEGES1.10 L
53.70 K
24.68 KPrivate COLLEGES1.92 L
68.45 K

Haryana

3.72 KPUBLIC COLLEGES2.72 L
48.93 K
9.62 KPrivate COLLEGES2 L
59.68 K

Gujarat

5.90 KPUBLIC COLLEGES1.11 L
42.97 K
2.84 KPrivate COLLEGES1.20 L
39.64 K

Rajasthan

2.03 KPUBLIC COLLEGES73.50 K
33.02 K
15.50 KPrivate COLLEGES2.22 L
74.76 K

Uttarakhand

3.24 KPUBLIC COLLEGES9.45 K
5.23 K
7.35 KPrivate COLLEGES2.21 L
74.70 K

Andhra Pradesh

3.30 KPUBLIC COLLEGES29.60 K
15.13 K
8.04 KPrivate COLLEGES1.80 L
36.28 K

Telangana

9 KPUBLIC COLLEGES45.46 K
21.82 K
4.82 KPrivate COLLEGES2.80 L
40.62 K

West Bengal

2.81 KPUBLIC COLLEGES2.37 L
40.93 K
7.95 KPrivate COLLEGES1.90 L
82.44 K

Chhattisgarh

2.17 KPUBLIC COLLEGES31.70 K
14.89 K
8.70 KPrivate COLLEGES1 L
37.12 K
3.40 KPUBLIC COLLEGES26 K
9.78 K
4.58 KPrivate COLLEGES40 K
18.51 K

Jharkhand

1.56 KPUBLIC COLLEGES56.04 K
16.23 K
2.42 KPrivate COLLEGES1 L
30.59 K

Orissa

2 KPUBLIC COLLEGES2.89 L
49.95 K
4.38 KPrivate COLLEGES90 K
37.43 K
12 KPUBLIC COLLEGES14 K
12.93 K
12.80 KPrivate COLLEGES1.81 L
66.44 K

Himachal Pradesh

1.45 KPUBLIC COLLEGES1 L
59.69 K
1 LPrivate COLLEGES1.20 L
1.10 L

Chandigarh

21.80 KPUBLIC COLLEGES43.19 K
37.70 K
42.63 KPrivate COLLEGES51.57 K
47.57 K

Jammu and Kashmir

18.70 KPUBLIC COLLEGES21.05 K
19.88 K
29.56 KPrivate COLLEGES70.76 K
50.16 K
20.08 KPUBLIC COLLEGES89.22 K
54.65 K
93.47 KPrivate COLLEGES93.47 K
93.47 K

Meghalaya

8.44 KPUBLIC COLLEGES1.65 L
95.09 K
2.15 LPrivate COLLEGES2.15 L
2.15 L

Puducherry

31.65 KPUBLIC COLLEGES31.65 K
31.65 K
3.06 KPrivate COLLEGES3.06 K
3.06 K

Sikkim

10.13 KPUBLIC COLLEGES1.44 L
1.08 L
1.10 LPrivate COLLEGES1.10 L
1.10 L

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Comments


1 Comments
P
priya
Can I do mvom in finance after BSC (pcm)
S
shobhna chaturvedi
Hi Priya, generally, eligibility criteria for M.Com is to be graduate in B.Com/BBA or any other equivalent degree with Maths/Accounts/Economics as one of the main subjects. However, minimum percentage criteria may vary from college to college. B.Sc is less likely to be considered for being eligible to take admission in M.Com.

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Master of Commerce [M.Com] Colleges IN INDIA

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Banaras Hindu University - [BHU]
Varanasi, Uttar Pradesh
UGC
3.31 K first year fees
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Panjab University - [PU]
Chandigarh, Chandigarh
AICTE
47.8 K first year fees
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Loyola College
Chennai, Tamil Nadu
UGC
11.58 K first year fees
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Hansraj College - [HRC]
New Delhi, Delhi NCR
UGC
17.03 K first year fees
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Presidency College
Chennai, Tamil Nadu
AICTE
870 first year fees
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11.77 K first year fees
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1.19 L first year fees
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10 K first year fees
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