Master of Commerce or M.Com is a 2-year post- graduate Master’s degree which focuses on Commerce, Accounting, Management and Economics related subjects.The course mainly includes thesis based components and there may be some research based elements included.
The minimum eligibility criterion required for M.Com. course is having a Bachelor degree in Commerce with a minimum of 50% marks.The admission is generally done through a common entrance test conducted by various universities accordingly. Certain universities also offer merit-based direct admission.
The average tuition fee for this course ranges between INR 3,700 to 12,000 for 2 years by some of the top universities which are as follows:
An M.Com. graduate can look for a career opportunity in public sector in various nationalized banks like State Bank of India, Union Bank etc. or in private sector in roles like Assistant Manager, Company Law Assistant, Junior Accountant, Relationship Manager, Sales Officer (accounts). The average starting salary after Post graduation in commerce ranges from INR 15,000 to 25,000.
Mentioned below are some major highlights of the course.
|Examination type||Semester system|
|Eligibility||Bachelor’s degree in Commerce|
|Admission Process||Merit based|
|Top Recruiting Companies|
YES Bank, Canara Bank, Export –Import Bank, India, Snapdeal, Hindustan Unilever Ltd., Nestle India, Cadbury India, Asian Paints India etc.
Accountant, Finance manager, Operations manager, Financial analyst, Assistant finance manager, Account executive and others such
|Course Fee||INR 3700 to 12,000|
|Average Starting Salary||INR 15,000 to 25,000|
Master of Commerce is one of the prestigious courses in the country. The program is well received in the industry and for years had been serving the needs of managerial cadre in business and industry. It is a notch higher than a Bachelor degree in Commerce and helps build an in-depth knowledge about various commerce and trade practices.
It is a specialized course which prepares an individual for a career in finance and corporate sector. The course is of 2 years duration in which each year is comprised of two semesters with various subjects based on thesis and research work according to the curriculum of university.
Mentioned below are some of the top institutes offering M.Com course along with their location and average annual course fees.
|College Name||Location||Average Annual Fees in INR|
|Shri Ram College of Commerce||New Delhi||29.6K|
|Hindu College||New Delhi||12.8K|
|St. Joseph’s College of Commerce||Bangalore||88K|
|Narsee Monjee College of Commerce and Economics||Mumbai||29.5K|
|Symbiosis College of Arts and Commerce||Pune||18.5K|
|Hansraj College||New Delhi||18.1K|
|Mount Carmel College||Bangalore||70K|
|Madras Christian College||Chennai||27.3K|
For admission to M.Com. Program, students must fulfil the below-mentioned eligibility criteria.
The general process for admission to M.Com. course is through an entrance test. The eligibility for appearing in the entrance test is a minimum of 45% marks in Bachelor’s degree. Common Entrance Test is generally objective type and is of maximum 100 marks. The questions are based on the following topics:
After entrance test, students are shortlisted for Group Discussion and Personal Interview round. Some universities may not conduct Group Discussion. There is no minimum or maximum age bar for this course generally.
Universities such as University of Delhi also offer direct admission to M.Com. program. Direct admissions is offered according to the merit in undergraduate degree.Generally, students with a first class degree in B.Com. are given direct admission to the M.Com. program.
Ideally M.Com. course consists of core courses and electives. While core courses relate to fundamental concepts of commerce, electives are generally associated with specific knowledge and skills. Mostly all colleges offering M.Com. follow same structure. Methods of education include lectures, seminars, classroom study and discussion, individual and group projects, case studies, and internship.
Organization Theory and Behavior
The objective of the course is to develop a theoretical understanding about the structure and behavior of organization as it develops over time. The Course will also help students realize the competitiveness for firms.
The objective of this course is to acquaint students with some of the important statistical techniques for managerial decision making .The emphasis will be on their applications to business and economic situations.
This course helps students learn the concepts of micro-economic theory and their use in business decision making. The effort is to make them capable of using various concepts to deal with business problems in a globalized economic Environment.
Financial Management and Policy
The objective of this course is to acquaint the students with the basic analytical
Techniques and methods of financial management of business firms. The course also provides students the exposure to certain sophisticated and analytical techniques that are used for taking financial policy decisions.
The objective of this course is to enable students to acquire sound Knowledge of concepts, methods and techniques of management accounting and to make the students develop competence with their usage in managerial decision making and control.
This course introduces the concepts of macro-economic and the macro environment in which a business organization operates.
Quantitative Techniques for Business Decisions
In this course students learn the use of quantitative models in decision making.
This course familiarizes the students with the basic concepts and principles of marketing and to develop their conceptual and analytical skills to be able to manage marketing operations of a business firm.
This course helps students develop an understanding of the basic inputs in making and implementing corporate strategic decisions and also familiarize them with the issues and practices involved.
Accounting Theory and Practice
The course aims at acquainting the students with a coherent set of logical principles and a general frame of reference for evaluation and development of sound accounting practices.
The purpose of this paper is to acquaint the students with nature, scope, structure and operations of international business and familiarize them with trends and developments
in India’s foreign trade and investments and policy framework.
Human Resource Management
In this course students learn techniques and principles to manage human resource of an organization. This knowledge would make the students capable of employing these techniques to harness the best of each individual working in the organization.
M.Com is a post graduate course pursued after B.com which is an undergraduate course. After M.Com., students can opt for MBA or LLB, Doctor of Commerce (D.Com.), Doctor of Business Administration (DBA), or a Doctor of Philosophy (PhD). MBA is being offered by many Top Universities all over India including Indian Institute of Management (IIM) and Symbiosis Institute of Business Management, Pune (SIBM).
After completion of Master of Commerce program, a student can also find employment in both Private and Public Sector. An M.Com. degree holder can look for a career opportunity in public sector in various nationalized banks like State Bank of India, Union Bank etc. Railway Recruitment Board recruits these postgraduates for the post of Assistant Accounts/Audit Officer.
In Private Sector too, they can find employment in many roles such as:
They can also join Heavy Engineering Corporation Limited (HEC Ltd) as Accounts assistant. With experience, they can move up to the position of Senior Accounts Executive, Senior Executive of Corporate Sales or even ERP Functional Executive. Some of the top recruiters in private sector for M.Com. are:
The average salary offered to M.Com. graduates largely depends upon the sector of employment and the position held. The chart below, maps the minimum and maximum salary offered to Master of Commerce degree holders.
The average company wise salary offered to M.Com. graduates is projected in the chart given below: