M.Com in Accounting and Finance is a 2 year postgraduate program in the domain of accounting and finance along with its related aspect. The minimum eligibility criterion which most of the institutes ask for is a score of at least 50% (relaxable for reserved category candidates) at graduation level.
Some of the popular institutes/universities that offer the course in India are listed below:
The average tuition fee charged for the course in Indian colleges/University ranges between INR 8,000 to 2.25 Lacs and depends upon the nature of college/institute (that is government, state/private/deemed) as well as its location.
M.Com in Accounting and Finance course admission involves Common Entrance Test (CET) based selection method as well as merit-based selection criterion that is the percentage of marks obtained at graduation level by the candidate. Colleges and Institute that provide admissions through CET mechanism rely on the score of All India Level common entrance exams like Bangalore University Entrance test, Jamia Milia Islamia M.Com entrance, GGSIPU CET, BHU CET etc while some of them go for a separate entrance exam of their own (AMU Entrance Test etc).
The course is designed to provide holistic knowledge of Accounting and Finance to the master’s level students so, as to make them capable of undertaking their learnings into practicality. It aims at providing a complete overview of all the aspects related to the subject.
Candidates completing the course successfully can expect job offers ranging from INR 15,000 to 19,000 per month. The annual salary in the industry can go beyond this average bracket with enhancement in the skill set and experience of the candidate.
|Duration of the Course||2 years|
|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.|
Finance is the backbone of any commercial activity and proper management of financial transaction is crucial for the sustainable running of the business. Accounting in simpler terms can be defined as the proper management of financial transactions of the firm by keeping it in a book or entry type format.
With expanding business and growth opportunities firms nowadays require a dedicated set of personnel who can handle their finance related matters in an effective and efficient manner. This, in turn, has increased the demand for qualified commerce background students in the industry.
A master’s level course in accounting and finance tries to satisfy the industry’s demands by crafting professional and qualified personnel out of master’s level students. The course achieves these objectives through its exhaustive syllabus and wider coverage area that provides the students with a 360-degree overview of the concepts and principle.
Master of Commerce in accounting and finance is offered as a course by a good number of colleges and universities across the country to candidates who have passed their graduation level examination from a recognized state/central/private/deemed university.
For your reference, we have tabled down a list of various colleges/universities that are offering this course in India.
|Institute||City||Average Fee (Per annum basis)|
|Agurchand Manmull Jain College||Chennai||INR 17,500|
|Annamalai University||Cuddalore||INR 8,989|
|Jamia Milia Islamia||Delhi||INR 7,167|
|Delhi University||Delhi||INR 8,155|
|Bangalore University||Banagalore||INR 48,520|
|Bharathiar University||Coimbatore||INR 20,795|
|Bijoy Krishna Girls College||Howrah||INR 4,650|
|DAV College||Jalandhar||INR 32,233|
Candidate must have passed the graduation level examination from a recognized state/central/private/deemed University with at least 50% (relaxable for reserved category candidates) marks at graduation level in B.Com/B.Com (Hons.)/B.Com (Economics)/B.Com (Economics) (Hons.).
The eligibility criteria’s mentioned above are common to most of the universities and colleges across the country that are offering this course to the students.
Admissions to the course are done through common entrance test based admission process (as seen across various Universities and colleges in the country) as well as merit-based selection process (as seen in a good number of institutes/colleges).
Admission process would more or less be same across all the colleges and universities that are offering this course.
The course syllabus is divided into 4 semesters spread over a span of two years with End Semester Exams being held after each semester. The syllabus of the course is divided into various subjects and domain-specific modules that students are taught during the course of their post-graduation. The syllabus covers all the aspects related to financing and accounting so, as to provide a holistic understanding of the subject to the master’s level students.
The details regarding the syllabus of the course are mentioned below so, as to provide a reference to the candidates.
|Year I||Year II||Year III|
|Accounting Business Decisions||Cost Control Techniques||Indirect Taxation|
|Theory and Standards of Accounting||Costing Methods||Insurance and risk management|
|Corporate Accounting||Direct Taxes||International Financial Management|
|Financial Accounting||E-commerce||Investment and Portfolio Management|
|Business research method||Enterprise resource planning||Management Accounting|
|Computerized accounting||Financial Services||Managerial Finance|
|Communicative skills||Human resource management||Modern Banking|
|Applied cost accounting||-||-|
M.Com Accounting and Finance postgraduates have plenty of options to choose from in terms of their career. One can choose to work as Accountant, Investment analyst, Personal Finance Consultant, Business and Corporate analyst, Investment banker, Operations Manager etc.
To provide you a holistic view of the career prospects of the course we have tabled certain areas and the respective roles attached to the same where M.Com. Postgraduates can look for in terms of their career.
|Area/Domain||Role||Average Salary for Fresher’s|
|Accountant||The job of an accountant involves proper management of financial transaction records pertaining to revenue and expenditure of the firm.||INR 2.38-2.73Lacs|
|Investment Analyst||The job involves market research in regards to investment options so, as to offer best possible advice to the investors.||INR 2.49-2.85 Lacs|
|Personal Finance Consultant||Personal Finance Consultant is involved in providing personalized solutions in regards to the financial management related queries of the customers/firms.||INR 2.84-3.25 Lacs|
|Investment Banker||An Investment banker act as an advisory that provides investment-related advice to government or big corporations helping them raise money in the capital market.||INR 2.92-3.5 Lacs|
|Economic officer||It is a typical public sector job for which recruitment is done through UPSC exam. The job involves one to be in a role of economic advisor or assistant in various departments/ministries||INR 5.82-6.15 Lacs|