Master of Commerce [M.Com] (Banking) - Course Overview




    2 YEARS




    Post Graduation

    Master of Commerce in Banking Top Colleges, Syllabus, Scope and Salary

    Sakshi Gupta Sakshi Gupta
    Content Curator

    Master of Commerce in Banking is a two year postgraduate course, designed for aspirants to study about various activities of a bank and how to manage a bank so that it runs smoothly. Students learn about various concepts of banking and financial management skills, which are required to function effectively within private businesses, non-profit organizations, and public agencies.

    The whole program is sub-divided into four semesters, of six months each, which can be pursued via regular mode or correspondence mode. In order to be eligible for the course, students are required to have a graduation degree in a commerce stream, from a well recognized university.

    Eligible candidates are provided admission based on their performance in a relevant entrance exam like,

    • GGSIPU M. Com. Entrance Exam
    • JMI M. Com. Entrance Exam
    • JNU M. Com. Entrance Exam
    • DU M. Com. Entrance Test

    In India, the average annual fee charged for the course, ranges anywhere between INR 10K and 2 Lac, varying across institutes.

    Top Institutes offering (Banking) are:

    Successful graduates of the course can find job opportunities in various government and private sector companies and in areas like Banks, Business Schools, Mortgage Companies, Indian Economic Services, Investments, Savings and Loan Associations, etc. where they are expect an average monthly salary ranging between INR25k and 60K, at an initial level, depending upon candidate’s expertise and experience in the field.

    M. Com. in Banking: Course Highlights

    Some of the major highlights of the course are tabulated below.

    Course LevelPostgraduate
    DurationTwo Years
    Minimum Qualification RequiredA graduation degree in B.Com. or equivalent qualification
    Examination TypeSemester System
    Admission ProcedureCounseling after taking Entrance Exam
    Total Course FeeINR 10k to 3 Lac
    Top Recruiting Areas/FieldsBanks, Investments, Business Schools, Mortgage Companies, Indian Economic Services, Savings and Loan Associations, Credit Companies, Indian Civil Services, Insurance Companies, Property Developers, etc.
    Job PositionsAdministrative Officer, Business Analyst, Finance Manager, Loan Counselor, Investment Analyst, Loss Control Specialists, Investment Banker, Internal Auditor, Sales Officer, Risk Analyst, and many more. 
    Average Initial Annual SalaryINR 3 Lac to 8 Lac
    Major Entrance ExaminationsGGSIPU M. Com. Entrance Exam, IIMC Entrance Test, JMI M. Com. Entrance Exam, JNU M. Com. Entrance Exam, DU M. Com. Entrance Test, SRCC Entrance Exam, SJCC Entrance Test, etc.

    M. Com. in Banking: What is it about?

    The program in Banking has been designed to offer to eligible candidates a specialization in various concepts of banking, banking laws, finance and financial management, which are required to function effectively within private businesses and banks.

    Candidates interested in learning more about the discipline can also pursue higher degree courses like Ph. D, M. Phil., and certificate courses in Stock Market, Derivatives, Income Tax, Accounting, Micro Finance and Investment Banking, which will help them to grow higher in their career.

    The course develops accounting and financial management skills in candidates and offers an in-depth adequate knowledge and practical skills to plan the financial strategy for an organization or company. During the course, candidates also develop skills in the areas of auditing, information systems, financial analysis, taxation, corporate governance and in subjects related to commerce. At the end of the course, students would have a thorough understanding about the causes and consequences of monetary policy decisions and skills to manage finance and investments.

    One of the major objectives of the course is to impart professional exposure and training to candidates in diverse aspects of banking, finance and insurance, and produce graduates who are capable of successfully operating in and contributing to the finance industry. The course’s curriculum integrates the theoretical and practical components of the study.        

    M. Com. in Banking: Top Institutes

    In India, a large number of colleges and institutes offer a master’s degree in banking, but all of them are not considered to be good for the pursuance of the course. Some of the top colleges offering the course in the country are listed below along with their corresponding location (city) and fee charged by each (annually).

    Shri Ram Colleges of Commerce (SRCC)New DelhiINR 29,625
    Loyola CollegeChennaiINR 4,390
    St. Joseph’s College of Commerce (SJCC)BangaloreINR 88,007
    Hans Raj College (HRC)New DelhiINR 12,807
    Indian Institute of Management & Commerce (IIMC)HyderabadINR 12,710
    Christ UniversityBangaloreINR 57,500
    Hindu CollegeNew DelhiINR 12,807
    Narsee Monjee College of Commerce and EconomicsMumbaiINR 29,500
    St. Andrews College of Arts Science and Commerce MumbaiINR 11,540
    Symbiosis College of Arts and CommercePuneINR 18,500
    Mount Carmel College (MCC)BangaloreINR 80,000
    Stella Maris CollegeChennaiINR 3,870
    Madras Christian College (MCC)ChennaiINR 27,257
    St. Xavier’s College (SXC)KolkataINR 63,800
    HR College of Commerce and EconomicsMumbaiINR 4,688
    Nizam CollegeHyderabadINR 3,900
    Indraprastha College for Women (IP)New DelhiINR 10,500
    Goenka College of Commerce and Business AdministrationKolkataINR 1,809
    Ethiraj College for WomenChennaiINR 18,700
    KJ Somaiya College of Arts and CommerceMumbaiINR 7,113

    Eligibility for M. Com. in Banking

    All the candidates interested in pursuing a career in Banking are required to first qualify all the below mentioned minimum eligibility criteria, in order to be eligible for the course.

    A minimum aggregate score of 55% or equivalent CGPA is required at the level of graduation, which should be completed from a well-recognized institute or college. All ST/SC candidates are given a relaxation of 5% under the minimum aggregate section.

    Graduation should be completed in B. Com. /BBA or any other equivalent qualification in a relevant commerce discipline, with Accounts, Mathematics and Economics as compulsory subjects. Candidates having a graduation degree with Honors in Accountancy, Economics, or Business/Management Studies can apply too.

    Although, it is advisable to candidates, especially those who wish to pursue the course by correspondence mode, to have a work experience of minimum one year, as it is required by many reputed institutes. 

    Candidates waiting for their final year examination’s result are also welcomed to apply, but admission will be given to such candidates on a provisional basis until they satisfy all the mentioned eligibility criteria.

    M. Com. in Banking: Admission Process

    Most of the colleges and institutes providing the course in banking admit students based on their combined performance in the last qualification exam (i.e. total marks aggregated in the final exams of graduation) and a relevant entrance exam, conducted at institutional level.

    Many institutes also conduct a counseling procedure, before allotting seats, which consists of a personal interview round, wherein candidate’s general aptitude for the course is examined by highly qualified faculty members. A merit list is then issued by each institute allotting available seats to the most deserving candidates.

    However, there are certain universities that provide merit based admission, on the basis of candidate’s performance in the last qualifying exam (i.e. graduation).

    Some of the major entrance examinations conducted by of the leading institutes of the country are listed as follows:

    • GGSIPU M. Com. Entrance Exam
    • IIMC Entrance Test
    • JMI M. Com. Entrance Exam
    • JNU M. Com. Entrance Exam
    • DU M. Com. Entrance Test
    • SRCC Entrance Exam
    • SJCC Entrance Test
    • Rajiv Gandhi University M. Com. Entrance Exam
    • Shivaji University M. Com Entrance Test
    • Dr B R Ambedkar Open University M. Com Entrance Test
    • Christ University Entrance Exam

    M. Com. in Banking: Syllabus & Course Description

    A semester-wise breakup of the course’s curriculum is tabulated below.

    Banking Law & PracticeEconomics of Global Trade & Finance
    Business policy 7 Strategic ManagementFinancial Markets in India
    Commercial Bank ManagementFinancial Markets & Institutions
    Direct & Indirect taxesFinancial Management
    Financial ServicesForex Management
    Foreign ExchangeInternational Financial Management
    International Banking & FinancePrinciples of Personal Finance
    Investment ManagementProject Finance
    Management ConceptsQuantitative Techniques for Finance
    Management Information SystemsResearch Methodology
    Management of Financial ServicesModern Banking Theory, Law & Practice

    M. Com. in Banking: Career Prospects

    Candidates having a Master’s degree in Banking have great career scope and never-ending potential of growth, because of the growing start ups in India and India being a developing country and even in case of crisis, loss of job is highly minimal.

    After successfully completing the course, one can get a job in banking and finance sectors of various MNCs and government and private banks like, ICICI, SBI, Central Bank of India, HDFC, etc. and in areas such as, Business Schools, Mortgage Companies, Indian Economic Services, Investments, Savings and Loan Associations, etc. where they can get a starting average salary ranging somewhere between INR 3 and 10 Lac, depending upon his/her dedication and hard work.

    Candidates can also pursue higher degree courses in the discipline, like Ph. D. (Doctorate of Philosophy), M. Phil. (Master of Philosophy) and various other certificate courses for better career options and salary packages.

    Some of the popular professional avenues open to such postgraduates are tabulated below along with the basic salary offered and job responsibilities associated to each.

    M.Com. in Banking Annual salary
    Business AnalystA Business Analyst develops technical solutions to business problems and to advance a company's sales efforts and also assists with the business cases.INR 3 Lac to 7 Lac
    Finance Manager A Finance Manager review financial reports, prepares financial forecasts, finds ways to improve profitability and also analyzes markets for expansion, mergers or acquisitions.INR 2.5 Lac to 7 Lac
    Investment BankerAn Investment banker helps the clients to raise money in capital markets by issuing debt or selling equity in the companies and also assists clients with mergers and acquisitions (M&As).INR 3.5 Lac to 8 Lac
    LecturerA Lecturer teaches students at undergraduate and graduate level, interviews course applicants and supervises Ph. D. students and research staff.INR 2 Lac to 6.5 Lac
    Risk Analyst A Risk Analyst examines statistical reports and other documents and deals with problems related to physical location of the organization, potential for robberies, and the likelihood of employees being injured on the job.INR 3 Lac to 5 Lac

    Master of Commerce [M.Com] (Banking) Fee Structure in India

    8.25 K (Minimum Fee)PUBLIC COLLEGES1.42 L (Maximum Fee)
    42.85 K (Average Fee)
    10.57 K (Minimum Fee)PRIVATE COLLEGES1.5 L (Maximum Fee)
    43.62 K (Average Fee)



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