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

  • STREAM

    COMMERCE

  • DURATION

    2 YEARS

  • COURSE

    Finance

  • COURSE TYPE

    Post Graduation

    M.Com in Finance Colleges, Syllabus, Jobs and Scope

    Pranjal Singhal Pranjal Singhal
    Content Curator

    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.

    M.Com in Finance: Course Highlights

    Tabulated below are some of the major highlights of the course.

    Course LevelPost Graduate
    Duration2 years
    Examination TypeSemester System
    EligibilityBachelor's degree with commerce subjects such as accounts, maths and economics
    Admission ProcessBased on counselling after clearing entrance tests
    Course FeeINR 1 to 4 Lacs p.a.
    Average Starting salaryINR 4 to 20 Lacs p.a.
    Top Recruiting CompaniesGenpact, 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 in Finance: What is it About?

    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:

    • Public Accounting
    • Audit
    • Tax
    • Budget Analysis
    • Financial
    • Real estate finance
    • Management accounting

    Top Institutes Offering M.Com in Finance

    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 InstituteCity Fees
    K. P. B Hinduja College of CommerceMumbaiINR 7,000 (course)
    Punjabi UniversityPunjabINR 20,000 (course)
    Mata Gujri CollegePunjabINR 16,000 (course)
    Seshadripuram CollegeBangaloreINR 36,000 (course)
    NSS CollegeKeralaINR 2,000 (course)
    Musaliar College of Arts and ScienceKeralaINR 12,000 (course)
    St.Joseph's CollegeKeralaINR 19,000 (course)
    Jiwaji UniversityGwaliorINR 10,000 (course)

    Eligibility for M.Com in Finance

    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.

    M.Com in Finance: Admission Process

    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

    • Acharya Nagarjuna University M.Com Entrance Exam
    • Alagappa University M.Com Entrance Exam
    • Aligarh Muslim University M.Com Entrance Exam
    • Andhra University M.Com Entrance Exam
    • Annamalai University M.Com Entrance Exam
    • Assam University M. Com Entrance Exam
    • Avinashilingam University for Women M. Com Entrance Exam
    • Banaras Hindu University M.Com Entrance Exam
    • Bangalore University M.Com Entrance Exam
    • Barkatullah Vishwavidhyalaya University M.Com Entrance Exam
    • Berhampur University M.Com Entrance Exam
    • Bharathiar University M.Com Entrance Exam
    • Bharathidasan University M.Com Entrance Exam
    • Calicut University M.Com Entrance Exam

    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.

    M.Com in Finance: Career Prospects

    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:

    • Finance Managers
    • Independent Worker
    • Financial Advisors
    • Directors (Finance)
    • Financial Controllers
    • Chief Financial Officer
    • Certified Public Accountant
    • Chartered Management Accountant

    Listed here are some of the popular job positions offered to successful postgraduates of the discipline with the corresponding job descriptions and salaries offered.

    Annual Salary in M. Com in Finance
    Job ProfileJob DescriptionAverage Annual Pay Scale in INR
    Financial ConsultantTo 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 SpecialistTo 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 BankerTo 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
    AuditorTo 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 OfficerTo 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 AnalystTo 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
    Asset Management
    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
    Corporate Finance
    To facilitate mergers and acquisitions of other companies, working for large investment banks or corporate advisory firms.9,56,578
    Corporate Banking
    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

    M.Com in Finance: Syllabus and Course Description

    Semester I
    Business Management
    Business Environment & Legislation
    Business Economics
    Quantitative Techniques for Business
    Information Technology for Business
    Entrepreneurship Development
    Semester II
    e-Commerce
    Financial Accounting & Packages
    Quantitative Methods for Business
    Financial Management
    Marketing Management
    Human Resource Management
    Semester III
    Advanced Banking
    Banking & Technology
    Insurance Products & Management
    Principles of Life Insurance
    Financial Markets & Services
    Security Analysis and Investment Management
    Semester IV
    Banking Law & Practice
    Bank Management
    Insurance & Risk Management
    Insurance Actuarial
    Portfolio Management
    Financial Derivatives

    The curriculum focuses on area such as Introduction to Accounting, Taxation, Accounts and Financial Mathematics, Payroll Accounting, Advanced Excel, Soft Skills, SAP.

    M.Com in Finance: Suggested Books and Study Material

    Listed here are some suggested books for preparation for the course.

    • The Intelligent Investor by Benjamin Graham, Jason Zweig, and Warren E. Buffet
    • The Five Rules for Successful Stock Investing by Pat Dorsey and Joe Mansueto
    • Common Stocks and Uncommon Profits and Other Writings by Philip A. Fisher and Kenneth L. Fisher
    • Interpretation and Application of Generally Accepted Accounting Principles by Steven M. Bragg
    • Competitive Strategy: Techniques for Analyzing Industries and Competitors by Michael E. Porter
    • Best Practices for Equity Research Analysts by James J. Valentine

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


    3.6 K (Minimum Fee)PUBLIC COLLEGES75 K (Maximum Fee)
    26.84 K (Average Fee)
    4.94 K (Minimum Fee)PRIVATE COLLEGES2.08 L (Maximum Fee)
    67.85 K (Average Fee)

    Master of Commerce [M.Com] (Finance) Fee Structure by State


    Kerala

    3.6 KPUBLIC COLLEGES75 K
    27.48 K
    4.94 KPRIVATE COLLEGES2.08 L
    69.16 K

    Tamil Nadu

    8.25 KPUBLIC COLLEGES18.27 K
    13.26 K
    7.74 KPRIVATE COLLEGES64.78 K
    34.27 K

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