The Master of Commerce or M.Com in Business Management is an ideal platform to develop essential skills required to pursue a career as a business executive. Fast emerging as a desirable alternative to the Master of Business Administration degree, it is gaining popularity as it is largely without the hassle of the multiple qualifying Management Aptitude Tests.
The course is generally a two year program with four semesters. It also features several electives and requires project work that help facilitate necessary industrial experience, all of which contribute to the credits earned in the duration of the course. However, given the intensive nature of the course, distance education and lateral entry are usually not available. Reservations are in accordance with the stipulations of the Government of India.
In order to pursue this course, candidates need a minimum eligibility of a pass (minimum 45%) in the undergraduate degree with a background in Commerce, with most colleges accepting only B.Com. degrees. Certain relaxations may be made in the case of SC/ST/OBC candidates. Students who successfully complete this course can pursue careers in the field of Business Analysis, or in the capacity of Business Management Executive. The starting salary is generally in the around Rs.30,000.
|Name of the course||Master of Commerce or M.Com in Business Management|
|Duration of the course||2 years|
|Average course fee||INR 14,000 p.a.|
|Sectors of employment||Business and Finance|
|Average entry-level salary||INR 30,000 per month|
The Master of Commerce in Business Management is considered to be the most appropriate follow-up course to an undergraduate B.Com degree. It provides further insight into the important fields of Commerce including accountancy, business studies and economics.
Candidates opting for this course should have a strong background in the basic concepts of the stream, especially those covered in the undergraduate B.Com degree. This includes a strong foundation in Economics, Accountancy and Business Studies.
The course is a post graduate program and follows a two year system usually consisting of four semesters. It is a full time study program in almost all cases.
A number of different colleges across the country offer this course, particularly due to its growing popularity as a seeming alternative to an MBA degree.
|Name of the Institute||City/Region||Expected Fees (per year)|
|Bhavan’s College||Mumbai, Maharashtra||Rs. 9,000|
|Jamia Millia Islamia||New Delhi||Rs. 7,100|
|Sydenham College of Commerce and Economics||Mumbai, Maharashtra||Rs. 10,500|
|Jiwaji University||Gwalior, Madhya Pradesh||Rs. 12,500|
|St. Xavier’ College of Arts and Science||North Goa||Rs. 33,000|
The basic eligibility requirement for Master of Commerce in Business Management is stated to be a pass in the undergraduate B.Com course (minimum 45%) from any recognized university in the country.
In the case of SC/ST candidates, the minimum required mark is relaxed by 5%, i.e. minimum eligibility is 40%.
Certain institutions may also conduct entrance examinations, a pass in which is considered necessary for eligibility.
The admission process differs depending on the institute but the general structure is similar. Selection is largely based on the merit list of each institution and therefore direct admission on the basis of merit is considered to be the most prominent means of gaining admission. Reservation policy is according to the Rules set by the Government of India. Admission may also be subject to performance in the entrance examination conducted by certain institutions.
The selection process generally consists of a personal interview, with results being based on merit. Detailed analysis of past academic performance can be expected. Knowledge of and ability to answer relevant questions on the subject matter is a major component. Entrance examinations may be held by certain universities, involving a combination of questions on general knowledge matters as well as
Students who graduate with a degree in Master of Commerce in Business Management will be able to pursue a wide variety of careers. The starting salary that can be expected from these placements lies in the range around Rs. 35,000.
|Business Analyst||Analysing the existing system in the capacity of a business consultant||>5,00,000 annually|
|Finance Manager||Enabling efficient use of various accountancy and budgeting techniques||>8,00,000 annually|
|Business Banking Relationship Manager||Implementing various efficient managerial techniques in the banking field||>4,00,000 annually|
|Business Management – Sales and Accounting||Managerial contributions to the sectors of sales and accounting within given industries.||>7,00,000 annually|
The Master of Commerce course is a standard two year programme, which is divided between basic subjects and specialization electives. The course also involves extensive project work as well as industrial related activities, which are graded in the form of submitted project reports and viva voce.
Electives and their availability and assessment are subject to the university in question.
There is no fixed scheme of assessment, as the specialisations and electives may differ, depending on the institution in question. The assessment pattern is based on the credit system. In general, the assessment is divided into continuous internal assessment (CIA) which is worth around half the final grade, with the rest being attributed to the performance in the end semester examination. Project work and contributions to industrial practices hold significant weightage in the overall CGPA obtained.
The syllabus is structured around the required basics of the course, while allotting sufficient time to project work and industrial applications. The general syllabus is given below:
|Semester 1||Semester 2|
|Strategic Management||Corporate Finance|
|Economics for Business Decisions||E-Commerce|
|Cost and Management Accounting||Macro-Economics|
|Business Ethics and Corporate Social Responsibility||Research Methodology|
|Statistical Analysis for Business||Applied Business Research|
Semester 3 and Semester 4 are generally dedicated to research work as well as industrial experience in the form of full-time internships with regular reports being submitted to the university at the given intervals.