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:
- Agurchand Manmull Jain College
- Annamalai University
- Jamia Milia Islamia
- Delhi University
- Bangalore University
- Bharathiar University
- DAV College
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.
Top Colleges for Master of Commerce [M.Com] (Accounting and Finance)
M.Com in Accounting and Finance: Course Highlights
|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.|
M.Com in Accounting and Finance: What is it about?
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.
M.Com in Accounting and Finance: Top Institutes offering the course
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|
M.Com in Accounting and Finance: Eligibility
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.).
- He/She shall not be having any Supplementary or Compartment in any of the subject/Subjects at graduation level that is yet to be cleared at the time of taking admissions.
- Apart from the above-mentioned eligibility criteria’s various colleges and institutes may have their own additional criteria’s which the students would have to satisfy in order to take admission.
- In case of reserved category students, they would have to present their reservation certificates issued by the competent authorities in order to avail the benefits applicable to them.
- Institutes offering admissions through Common Entrance Test go for scores of IPU CET, BU CET, etc. To get admissions in these institutes candidates would have to qualify the respective entrance exam by securing minimum qualifying marks.
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.
M.Com in Accounting and Finance: Admission Process
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).
- Students who have passed their graduation level examinations with a minimum of 50% marks (relaxable for reserved category students) can make application in colleges offering the course.
- Majority of the Universities/Colleges conduct a common entrance test for admission into M.Com. Courses (like IPU CET, AMU etc.) or take admissions through commonly held entrance exam like BHU CET, BU CET etc. Hence students would have to make an application for such exams.
- Students have to qualify these exams (for which they should be eligible to appear) in order to get admission in the course.
- After the conduct of the test, a merit list of finally qualified candidates is prepared and candidates are invited for admission process by the respective university or college.
- After admission process final allotment of seats to the candidate takes place and the candidate is asked to deposit the fee for the course and register for the respective academic year.
- The new academic year begins after the completion of all the above processes.
Admission process would more or less be same across all the colleges and universities that are offering this course.
M.Com in Accounting and Finance: Syllabus and Course description
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 in Accounting and Finance: Who Should Opt for?
- Students who have done bachelors in the respective domain.
- Those who have a career as Accountant in mind.
- Those who are looking for public sector jobs after graduation.
- Those aiming at higher studies in the domain can opt for the course.
M.Com in Accounting and Finance: Career Prospects
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|