Master of Commerce [M.Com] - Course Overview

  • STREAM

    COMMERCE

  • DURATION

    2 YEARS

  • COURSE

    General

  • COURSE TYPE

    Post Graduation

    MCom (Master of Commerce) Full Form, Course, Distance Education, Colleges, Syllabus, Jobs, Scope 2020-2021

    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. The 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.

    MCom 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. 

    The admission process is purely based on Entrance Exams, which also consider the Bachelor’s degree marks.

    ALERT: The registration process for Delhi University (DU) Admissions has been put on hold until further notice due to the COVID 19 crisis.

    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. 

    Key Points of MCom

    • Duration: 2 years (Full Time & Part Time)
    • Minimum Eligibility: Bachelor's degree (Commonly BCom) in a related field with a minimum of 50%.
    • Admission Process: University level entrance exam and marks scored at graduation level. The admission process usually starts in the month of May-June every year.
    • Top MCom Entrance Exams: Delhi University MCom Exam, BHU PET, Allahabad University PGAT, PU CET, CUCET, JUET, SKUCET, and other relevant entrance exams.
    • Top Universities: Delhi University, Banaras Hindu University, Allahabad University, Christ University, Mumbai University, Osmania University, NMIMS, University of Calcutta, Punjab University, and others.
    • Distance Education/Correspondence/Online: Yes. 
    • Distance Education Colleges: IGNOU, SOL Delhi University, IDOL Mumbai University, Lovely Professional University (LPU), Madurai Kamaraj University, Pondicherry University, University of Mumbai, Karnataka State Open University, Mahatma Gandhi University, etc.
    • Specializations Offered: MCom Accountancy, MCom Business Management, MCom Banking & Finance, MCom Accounting & Finance, MCom Finance, MCom E-Commerce, MCom Marketing, and others.
    • Popular Courses after MCom: CA, CFA, CMA, ACCA, CFP, PhD, MBA, PGDM, PGPM, etc.


    The average total course fee of MCom can be around INR 60,000, and can be up to INR 1,50,000 in private colleges such as Amity University, Lovely Professional University, etc.

    The average starting salary can be around INR 5 LPA across private and government sectors of banking, accounting, finance and insurance.

    Average MCom Fees

    India Today has made a list showing the best commerce colleges in India offering MCom courses.

    India Today 2019 RankingCollege NameAdmission ProcessAverage FeesAverage Salary
    1SRCC, DelhiEntrance ExamINR 59,000INR 9,00,000
    2Hindu College, DelhiEntrance ExamINR 30,000INR 5,00,000
    5Christ University, BangaloreMerit + Entrance ExamINR 1,36,000INR 6,00,00
    9St. Joseph’s College of Commerce, BangaloreEntrance ExamINR 1,54,000INR 6,00,000
    10Mithibai College of Arts, MumbaiEntrance ExamINR 25,000INR 6,00,000
    Top MCom Universities in India

    Other than going into teaching and research, MCom offers a plethora of job opportunities such as Accountant, Financial Consultant, Tax Consultant, Insurance manager, Bank Manager, Investment Banker, and many more.

    The most common option after MCom in India is to go for Chartered Accountancy (CA) apart from other national and internally acclaimed certification courses in the field of banking, finance, insurance, economics and management. 

    MCom Admission Process

    MCom Admission Process

    • To take admission in the Master of Commerce course, 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.

    In case you are applying in an institute that gives merit based admission like in many private universities such as Amity, LPU, Chandigarh University, etc., then you 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 application fee.

    MCom 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 Entrance Exams

    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 Exams Important Dates 2020:

    Exam NameExam ModeApplication PeriodExam DateResult Declaration
    Delhi University Entrance ExamOnline/OfflineApril-May, 2020May 2020June-July 2020
    BHU PET 2020OfflineJanuary 30-March 21, 2020May 10, 2020June 15-20, 2020
    CUCET 2020OfflineMarch 16-May 23, 2020To be DeclaredTo be Declared
    PUCET PG 2020OfflineApril 24-May 20, 2020June 13-14, 2020July 3, 2020
    AUCET 2020OfflineThird week of May-Third week of June, 2020July 2020Last week of July 2020

    How to prepare for the MCom Entrance Exams?

    Most of the entrance examinations have objective type questions and are completely Aptitude Based exams. The MCom entrance test basically cover the following 4 sections:

    • Logical Reasoning
    • General Knowledge
    • English
    • Quantitative Aptitude

    Some exams also include graduation related questions in the paper format. The entrance exam is generally of maximum 100-200 marks. It varies from test to test.

    After the entrance exams you will be screened in the group discussion and personal interview session (or counselling). If you are able to clear off all the required rounds, then a merit list will be released by the college or university based on which you shall be provided an admission.

    BHU PET MCom SyllabusCUCET MCom SyllabusAllahabad PGAT MCom Syllabus

    Few steps are mentioned below which you should keep in mind while preparing for MCom Exams:

    • Prepare separate notes for each subject such as Accountancy, Taxation, Insurance, Banking, etc.
    • Keep yourself updated to the current affairs for the general awareness section.
    • Practice from sample papers and if you can get a hand of previous years exam papers, then it will be beneficial to you.
    • Give at least 4-6 Mock Tests to get comfortable with the type of questions you are going to face in the exam.
    • For Aptitude based tests, your logical reasoning and quantitative ability should be strong. 
    • Self-study is the most important factor in the preparation, so just stay focussed and attempt well.

    How to get MCom Admission in Delhi University (DU)?

    • The admission is usually done through entrance exams.
    • There are many commerce colleges in Delhi University that release their cut off for MCom admission, and based on the performance in the entrance exam, and the scores obtained at graduation level are considered for admission.
    • There may be counselling session where you shall be allowed to apply for the colleges whose cutoff you have passed.

    How to get MCom Admission in Banaras Hindu University (BHU)?

    • The admissions in this university is totally based on the performance in BHU PET 2020.
    • After the result declaration, a meri list of all the qualified candidates are released and they are notified for the counselling session.
    • The Cut Off marks will be displayed on the official portal, which is based on the minimum qualifying marks announced for each course. Closing rank for each course will be determined from the released cut off list. Category wise cut off will also be published for reserved category students.
    • The counselling is usually held in three steps: Online Preference Entry, Activity on the day of Counselling and Activity on the Next day of Counselling Date.
    • Candidates will be selected through merit listing. After the Cut Off and Merit List is declared, selected applicants will be able to download the ‘Call letter’. Online Preference Entry should be submitted where the candidate can select their choice course, location and seat type.
    • After all the entries, candidates will be called for the Document verification process and Payment of Admission Fee of the college.

    How to get MCom Admission in Private Universities?

    • Many top private universities such as Amity University, LPU, SRM University, KIIT, etc. ar considered to be the best institutes for MCom programs.
    • Most of these colleges take admission on the basis of marks obtained in graduation level, followed by Group Discussion and/or Personal Interview session.
    • But many of them also conduct university level Aptitude Based entrance examinations to allow deserving candidates to go forward with the admission process.
    • Other than this, each private university has their own admission criteria which should be checked before applying for the course in that college.
    • A minimum of 50-60% or equivalent is the minimum eligibility in almost all the private universities.
    Delhi University MCom Admissions 2020BHU MCom Admissions 2020
    AMU MCom Admissions 2020SRM MCom Admissions 2020
    MCom: What is it About?

    MCom: What is it About?

    • Master of Commerce is a professional degree that enables you to grow in the corporate and finance sectors of the industry. It generally covers the study of macro-economics, accounting, business principles and alike. The course is usually divided into 4 semesters.
    • The program is mainly aimed for students who are genuinely interested in teaching and research in the field of commerce, providing them a platform to increase their knowledge and qualification to be able to pursue PhD or any other relevant research degree after the course completion.
    • 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 MCom degree.
    • MCom qualification allows you to appear for competitive exams like civil services exam or exam related to finance and accounting requirements like income tax, CAG or excise departments.

    MCom: Course Highlights

    Course LevelPost Graduate
    Full-FormMaster of Commerce
    Duration2 years
    Examination typeSemester Based Examinations
    Eligibility45-50% in graduation from a commerce stream
    Admission ProcessMerit-based/ Entrance-based
    Course FeeINR 60,000-1,20,000
    Average SalaryINR 4-6 LPA
    Top Recruiting CompaniesAccenture, E&Y, Genpact, Tech Mahindra Ltd., HDFC Bank, WNS Global services and others
    Job PositionsAccountant, Tax Consultant, Bank PO, Accountant, Event Manager, Lecturer, Chartered Accountant, and Human Resource Development, etc.
    Why study MCom?

    Why study MCom?

    There are ample reasons to pursue MCom. Some of them are mentioned below:

    • After your MCom completion you will get exposed to higher paid private and government jobs.
    • You get the opportunity to experience the field related to research, teaching and others.
    • It’s a professional job oriented post graduate degree allowing students to increase their skills, knowledge and ability in all or one of the many fields of commerce such as Finance, Finance Management, Corporate Finance, Accounting, Banking, Insurance, Income Tax, etc.
    MCom Vs MBA

    Course Comparison

    • 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:

    ParametersMComMBA
    OverviewMCom 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 FormMaster of CommerceMaster of Business Administration
    SuitabilitySuitable 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 AreaThis course mainly focuses on academic and theoretical approach.This course is more of a professional job oriented course.
    Average Total FeeINR 60,000INR 10,00,000
    Average SalaryINR 5,00,000INR 8,00,000
    MCom vs MBA_ Fees & Salary

    Source: College Websites

    MCom Specializations

    MCom Specializations

    MCom offers you a number of specialisations in the commerce field. This course covers a wide range of research and study. Few of these MCom Specialisations are discussed below:

    • MCom Computer Applications:

    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.

    Average FeesINR 40,000
    Average SalaryINR 5,00,000
    Top MCom Computer Applications Colleges in India 2020
    • 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.

    Average FeesINR 1,00,000
    Average SalaryINR 4,00,000
    Top MCom Accounting Colleges in India 2020
    • MCom Taxation:

    MCom Taxation course guides you 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.

    Average FeesINR 1,20,000
    Average SalaryINR 6,00,000
    Top MCom Taxation Colleges in India 2020
    • 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.

    Average FeesINR 2,00,000
    Average SalaryINR 5,00,000
    Top MCom Finance Colleges in India 2020
    • MCom Human Resource Management

    This specialization deals with the study of human resource development and the key areas related to the topic regarding human resource behaviour in an organization.

    Average FeesINR 30,000
    Average SalaryINR 4,00,000
    • 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.

    Average FeesINR 80,000
    Average SalaryINR 6,00,000
    Top MCom Marketing Colleges in India 2020
    Top MCom Specializations

    Source: College Websites & Payscale

    MCom Top Colleges

    MCom Top Colleges

    The following are the top colleges that are famous and considered the best for studying MCom course in India as per the NIRF 2019 Ranking:

    NIRF Rank College NameAdmission ModeAverage Annual Fees Average Placement Package
    2Hindu College, New DelhiMerit Based or Entrance Exam INR 30,000INR 5 LPA
    3Presidency College, KolkataMerit BasedINR 1700INR 3.5 LPA
    6Loyola College, ChennaiMerit BasedINR 20,000INR 5 LPA
    7Shri Ram College of Commerce (SRCC), New DelhiMerit Based or Entrance ExamINR 60,000INR 9.48 LPA
    9Hansraj College, New DelhiMerit Based or Entrance ExamINR 35,000INR 5.5 LPA
    13Madras Christian College, ChennaiMerit BasedINR 30,000INR 3 LPA
    39St. Joseph’s College, BangaloreMerit BasedINR 1,50,000INR 3 LPA
    58Stella Maris College for Women, ChennaiMerit BasedIN 40,000INR 4 LPA
    87Sri Guru Gobind Singh College of Commerce, New DelhiMerit Based/ Entrance Exam basedINR 30,000INR 6 LPA
    Find the Best MCom Colleges in India 2020

    MCom College Comparison

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

    ParametersHindu College, New DelhiPresidency College, ChennaiLoyola College, Chennai
    OverviewIt’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- Ranking236
    Average FeeINR 44,000INR 1700INR 20,000
    Average Placement PackageINR 5 LPAINR 3.5 LPAINR 5 LPA
    ROI Rank312
    Top companies participate in placement drivesKPMG, DE Shaw, Maruti, Jaypee, deloitte, google and others.HDFC Bank, TATA AIG, Federal Bank. Mind tree, reliance etcE&Y, Zoho corps, well fargo, Wipro, TCS, IBM, Amazon and others.
    Top MCom Colleges in India

    Source: College Websites

    MCom Distance Education

    MCom Distance Education

    One of the best things about MCom is that students have the option to pursue it through correspondence or through distance learning. 

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

    NameLocationAverage Fees
    IGNOUNew DelhiINR 7000
    SRM University (Distance Education)ChennaiINR 16,000
    IDOL Mumbai UniversityMumbaiINR 12,000
    SOL Delhi UniversityNew DelhiINR 10,000
    LPU Distance EducationJalandharINR 38,000
    Mahatma Gandhi University, School of Distance EducationKottayamINR 5000
    Annamalai University Distance EducationAnnamalaiINR 7000
    Karnataka State Open University (KSOU)MysoreINR 13,500

    Admission in these universities is usually based on the scores obtained at graduation level.

    • The score should be a minimum of 40% to be able to apply for an MCom course in one of these colleges.
    • 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.
    Top MCom Distance Education Universities

    Source: Official College Websites

    MCom Syllabus

    MCom Syllabus

    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 specialisation have to choose a set of elective subjects that are offered in the Master of Commerce course.

    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 DecisionsBusiness Environment
    Computer Applications in BusinessCorporate Financial Accounting
    Corporate Legal EnvironmentCorporate Tax Planning
    E-CommerceEconomics of Global Trade and Finance
    Financial ManagementManagement Concepts and Organization Behaviour
    Managerial EconomicsMarketing Behaviour
    Statistical AnalysisStrategic 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 FinanceEntrepreneurial Management
    Commercial Bank ManagementFinancial Bank Management
    Financial MarketsHuman Resource Management
    International FinanceInvestment Management
    Research Methodology in CommerceIncome Tax

    Click on MCom Syllabus to know the full course list. 

    MCom Course Books

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

    Name of the BookName of the Author
    Principles of AccountingDixon Cooper, Mitchell Franklin, and Patty Graybeal
    Business TaxationRadhakrishnan P
    Financial AccountingR. Narayanaswamy
    Cost Accounting M.P Gupta
    Financial ManagementI.M. Pandey
    MCom Jobs & Career

    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 ProfileJob DescriptionAverage Package
    Account AssistantThis includes maintaining ledgers, assisting customers, preparing and distributing checks, and basic bookkeeping work.INR 2.20 LPA
    Cost AccountantThey 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 ConsultantTheir role is to analyze the market, product lines and the overall profitability of the business.INR 9.86 LPA
    Investment BankerThey 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 ManagerThey are responsible for developing, implementing and executing the marketing plans of the organization.INR 7.17 LPA
    Operations ManagerThey deal with the hiring procedures, setting up of targets, team management and alike.INR 7.8 LPA
    Finance ConsultantThey 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 BrokerStock Brokers usually deals with stocks and performs financial services for the companyINR 3.50 LPA
    Assistant ProfessorThey 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

    Salary Trend Graph:

    MCom Jobs & Salary
    MCom Scope

    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:

    PhD EconomicsPhD Business ManagementPhD Accountancy
    PhD Banking & FinancePhD Business EconomicsPhD Finance
    • 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 honours 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

    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 2020.

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

    Ans. Yes, of course! You can pursue CA after doing MCom. Infact, 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] Fee Structure in India


    770 (Minimum Fee)PUBLIC COLLEGES3.11 L (Maximum Fee)
    33.18 K (Average Fee)
    583 (Minimum Fee)PRIVATE COLLEGES2.6 L (Maximum Fee)
    53.09 K (Average Fee)

    Master of Commerce [M.Com] Fee Structure by State


    Tamil Nadu

    770PUBLIC COLLEGES1.08 L
    21.44 K
    1.63 KPRIVATE COLLEGES1.2 L
    39.15 K

    Karnataka

    11.64 KPUBLIC COLLEGES3.11 L
    68.1 K
    9.8 KPRIVATE COLLEGES2.6 L
    1.01 L

    Maharashtra

    4 KPUBLIC COLLEGES53 K
    16.95 K
    2.75 KPRIVATE COLLEGES1.7 L
    29.24 K

    Uttar Pradesh

    2.86 KPUBLIC COLLEGES56 K
    14.73 K
    2.38 KPRIVATE COLLEGES2.32 L
    57.96 K

    Madhya Pradesh

    1.87 KPUBLIC COLLEGES1.92 L
    26.91 K
    2 KPRIVATE COLLEGES1.85 L
    34.72 K

    Delhi NCR

    2.86 KPUBLIC COLLEGES2.72 L
    43.73 K
    2.38 KPRIVATE COLLEGES2.2 L
    78.53 K

    Kerala

    3.25 KPUBLIC COLLEGES1.76 L
    18.31 K
    583PRIVATE COLLEGES1.96 L
    50.57 K

    Punjab

    22.4 KPUBLIC COLLEGES1 L
    53.3 K
    20.4 KPRIVATE COLLEGES1.62 L
    68.17 K

    Haryana

    3.72 KPUBLIC COLLEGES2.72 L
    55.69 K
    9.07 KPRIVATE COLLEGES2.2 L
    62.59 K

    Rajasthan

    2.03 KPUBLIC COLLEGES60 K
    23.86 K
    5.5 KPRIVATE COLLEGES2.18 L
    73.55 K

    Uttarakhand

    3.24 KPUBLIC COLLEGES7.65 K
    4.78 K
    7.35 KPRIVATE COLLEGES2.13 L
    72.87 K

    Gujarat

    5.9 KPUBLIC COLLEGES1.16 L
    35.11 K
    2.84 KPRIVATE COLLEGES80 K
    28.75 K

    Andhra Pradesh

    3.3 KPUBLIC COLLEGES38.4 K
    15.52 K
    6 KPRIVATE COLLEGES1.2 L
    26.82 K

    Telangana

    9 KPUBLIC COLLEGES45.46 K
    22.15 K
    5.25 KPRIVATE COLLEGES66.6 K
    23.58 K

    Chhattisgarh

    2.17 KPUBLIC COLLEGES31.7 K
    14.95 K
    8.7 KPRIVATE COLLEGES1 L
    36.26 K

    West Bengal

    2.82 KPUBLIC COLLEGES2.32 L
    42.59 K
    11.4 KPRIVATE COLLEGES1.9 L
    77.22 K

    Orissa

    2 KPUBLIC COLLEGES2.6 L
    45.82 K
    4.38 KPRIVATE COLLEGES1.71 L
    59.37 K

    Jharkhand

    1.57 KPUBLIC COLLEGES56.04 K
    16.23 K
    1.89 KPRIVATE COLLEGES1 L
    44.67 K

    Bihar

    3.4 KPUBLIC COLLEGES26 K
    10.3 K
    5.29 KPRIVATE COLLEGES30 K
    19.27 K

    Assam

    12.8 KPUBLIC COLLEGES17.95 K
    14.92 K
    12.8 KPRIVATE COLLEGES1.7 L
    76.25 K

    Himachal Pradesh

    1.45 KPUBLIC COLLEGES1 L
    60.56 K
    1 LPRIVATE COLLEGES1.2 L
    1.1 L

    Chandigarh

    15.64 KPUBLIC COLLEGES65.4 K
    42.01 K
    42.63 KPRIVATE COLLEGES51.44 K
    46.57 K

    Arunachal Pradesh

    28.5 KPUBLIC COLLEGES28.5 K
    28.5 K
    12 KPRIVATE COLLEGES76 K
    54 K

    Meghalaya

    7.96 KPUBLIC COLLEGES1.65 L
    94.99 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

    Goa

    19.71 KPUBLIC COLLEGES89.22 K
    54.47 K
    93.37 KPRIVATE COLLEGES93.37 K
    93.37 K

    Sikkim

    8.13 KPUBLIC COLLEGES1.42 L
    1.08 L
    1.1 LPRIVATE COLLEGES1.1 L
    1.1 L

    Study Master of Commerce Courses from Abroad

    Comments

    Comments


    1 Comment
    P
    Priya

    Can I do mvom in finance after BSC (pcm)

    11 Jul, 2019 09:45
    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.

    11 Jul, 2019 10:00

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