M.Com in Finance is a 2- year management course, minimum eligibility for which is a B.Com degree. Accounting is essentially the communication process through which financial information is passed to users such as shareholders, while finance is essentially the science of managing funds. Subjects typically covered in this course are financial management, financial accounting, business management, costing and statistics.
The mode of admission to the course is a relevant entrance examination conducted by different universities.
Final selection to the course is based on the candidate’s academic profile, performance in the entrance test and round of interview (video interview for outstation candidates).
The average tuition fee charged in India for the course ranges between INR 1 and 4 Lacs.
Some of the popular organizations that recruit successful postgraduates of the course are Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd). They are hired in capacities such as Financial Analyst, Financial Advisor, Financial Planner, Stockbroker, Financial Counsellor and Retirement Counsellor etc.
The average annual salary offered to such postgraduates lies between INR 6.5 to 12 lacs.
Tabulated below are some of the major highlights of the course.
|Course Level||Post Graduate|
|Examination Type||Semester System|
|Eligibility||Bachelor's degree with commerce subjects such as accounts, maths and economics|
|Admission Process||Based on counselling after clearing entrance tests|
|Course Fee||INR 1 to 4 Lacs p.a.|
|Average Starting salary||INR 4 to 20 Lacs p.a.|
|Top Recruiting Companies||Genpact, TATA CONSULTANCY SERVICES LIMITED, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd)|
M.Com with specialization in Accounting and Finance involves economy- related topics. Candidates are trained in Principles of Accounting, theories related to Economy, Financial Planning, Banking systems, Micro and Macro economy, Business and trade in term of accounting, characteristics of policies etc., for areas as diverse as politics, business world, corporate sector, management sector, etc.
Some of the fields of specialization in the discipline are:
Compiled here is a list of the top institutes in India offering the course along with their respective locations, and fees charged by each.
|Name of Institute||City||Fees|
|K. P. B Hinduja College of Commerce||Mumbai||INR 7,000 (course)|
|Punjabi University||Punjab||INR 20,000 (course)|
|Mata Gujri College||Punjab||INR 16,000 (course)|
|Seshadripuram College||Bangalore||INR 36,000 (course)|
|NSS College||Kerala||INR 2,000 (course)|
|Musaliar College of Arts and Science||Kerala||INR 12,000 (course)|
|St.Joseph's College||Kerala||INR 19,000 (course)|
|Jiwaji University||Gwalior||INR 10,000 (course)|
The eligibility criterion for pursuing this course is a Bachelor's degree with commerce subjects such as accounts, maths and economics.
Candidates having completed graduation in B.Com./ B.B.A./ B.B.S. or another equivalent degree with a minimum of 55% marks in aggregate are eligible to apply.
Admission to the course is based on the candidate’s performance in a relevant entrance exam, and the admission process of every university/ institution is different. Many universities/ colleges conduct their own entrance exam for admission.
List of Entrance Exams conducted in India for M.Com in Finance
The entrance exam consists of components of assessment such as English Comprehension, Data Analysis and Data Sufficiency, Logical & Critical Reasoning, Quantitative Aptitude, and General awareness.
Successful postgraduate of the course interested in higher studies in the discipline may go for pursuing research- based courses such as M. Phil or Ph. D in the subject. They are hired in industries such as government and private sectors, public accounting firms, markets research, budget planning, corporations and consultancies.
They are hired in capacities such as:
Listed here are some of the popular job positions offered to successful postgraduates of the discipline with the corresponding job descriptions and salaries offered.
|Job Profile||Job Description||Average Annual Pay Scale in INR|
|Financial Consultant||To gather financial information on clients, assess factors such as investments, asset allocation, savings, tax planning, retirement planning and estate planning. Consultants may work on a freelance basis or be part of a financial consultancy firm or agency.||600,000|
|Quant Specialist||To analyse statistics and market trends using high-end mathematics to determine appropriate levels of risk management and derivative pricing, to create models for presentation to clients along with your recommendations for future investment decisions.||7,70,000|
|Investment Banker||To gather and interpret complex data sets, assess and predict financial risks and returns, prepare legal documents and liaise with accountants, lawyers and other financial experts.||9,20,000|
|Auditor||To provide expert advice on the most efficient use of resources, both in the public and private sectors. In many countries, all publicly traded and publicly funded bodies are legally required to undergo an annual audit, with requirements for the audit set down in legislation.||3,73,343|
|Finance Officer||To perform various tasks relating to the financial matters of an organization, assist with the monthly budget, prepare monthly financial reports (such as operating costs reports, variance analysis, balance sheets, client statements), control and maintain the nominal ledger, check payments, carryout payments, issue checks, investigate any suspicious account activity, maintain financial files and records and ensure security across all financial areas.||7,50,000|
|Financial Analyst||To record cash, checks, and credit card transactions, to post revenues by verifying and entering transactions form lock box and local deposits, to updates receivables by totalling unpaid invoices, and maintains records by microfilming invoices, debits, and credits.||3,55,717|
|To assist in all aspects of the administrative, financial, capital and operations of the assigned portfolio, oversee local third- party property managers and leasing agents, propose goals and objectives for each property.||4,55,286|
|To facilitate mergers and acquisitions of other companies, working for large investment banks or corporate advisory firms.||9,56,578|
|To advise corporate clients about mergers, acquisitions, capital markets etc. and prepare lending agreements.||7,82,988|
Credit Risk Management
|To provides leadership and direction to the credit risk management group, ensures that the credit process, policies and activities fall within the parameters of the organization's policies and standards and appropriate legislation.||9,92,343|
Business Environment & Legislation
Quantitative Techniques for Business
Information Technology for Business
Financial Accounting & Packages
Quantitative Methods for Business
Human Resource Management
Banking & Technology
Insurance Products & Management
Principles of Life Insurance
Financial Markets & Services
Security Analysis and Investment Management
Banking Law & Practice
Insurance & Risk Management
The curriculum focuses on area such as Introduction to Accounting, Taxation, Accounts and Financial Mathematics, Payroll Accounting, Advanced Excel, Soft Skills, SAP.
Listed here are some suggested books for preparation for the course.