Master of Commerce or M.Com. in Financial Management is a two-year postgraduate program in the domain of finance-related managerial skills and principles. The course is structured into a semester-wise orientation with each year comprising two semesters. There are a total of 4 semesters over the 2-year span of the course.
M.Com. in Financial Management course can be pursued after completion of one’s graduation from a recognized state/central/private/deemed university. Those who have attained a diploma or any certification that is equivalent to graduation can also apply. A score of at least 55% (relaxable for reserved category candidates) at graduation level is required.
Admission to the course is mostly dependent on a common entrance test based selection method while few colleges/institutes also opt for merit-based selection criterion that is the percentage of marks obtained at graduation level by the candidate. Colleges and institutes that provide admissions through CET mechanism rely on the score of All India Level common entrance exams like CCSU. M.Com. entrance test, Goa University M.Com entrance, GGSIPU CET, etc while some of them go for a separate entrance exam of their own (IIM Entrance Test).
The course is structured to provide complete knowledge and overview of financial management related principles and skills to the master’s level students so as to make them capable of undertaking their skill and knowledge into practicality. It aims at providing a complete overview of all the aspects related to the subject.
Some of the popular institutes/universities that offer the course in India are listed below:
The average tuition fee charged for the course in Indian colleges/University ranges between INR 11,000 to INR 2.50 lacs depends upon the nature of college/institute (that is government, state/private/deemed) as well as its location.
Candidates completing the course successfully can expect job offers ranging from 14,000 to 20,000 per month. The annual salary can go beyond this average bracket with enhancement in the skill set and experience of the candidate.
|Duration of the Course||2 years|
|Eligibility||Minimum score of 55% (Relaxable for reserved category students) marks at graduation level.|
|Admission Process||Entrance exam based/Merit-based|
|Course Fee||Between INR 11,000 to INR 2.50 Lacs|
|Average Starting Salary||Rs.14,000 to 20,000|
|Top Recruiting Companies||Insurance Companies, Banks, Stock exchange, Mutual Fund Companies, NBFCs|
|Job Positions||Treasurer, Finance officer, Insurance Manager, Consultant, Controller, Risk manager etc.|
Finance is undoubtedly the most crucial element for kick-starting any economic venture. Finance provides a medium for accumulation and arrangement for other necessary resources like land and labour. Management, on the other hand, deals with proper organization and utilization of available resources so, as to bring out maximum output.
The very concept of management that aims at maximizing output from the input is what makes it applicable in terms of finance. Proper management of finance is crucial for cutting out wasteful expenditure and producing maximum out of available resources. Thus, enhancing the profitability of the firm.
A Master’s level course in Financial Management is structured and designed in a manner that allows students to grasp the basic essentials of the concept of financial management along with its practical application. This helps them to withstand the demands of industry in more so effective and sustainable manner.
The course is offered 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.
Students can take admission in the course through All India Level Entrance Test conducted by certain exam conducting authorities such as Goa University, Himachal Pradesh University etc. as well as separate exams conducted by respective Colleges/Universities (such as AMU, IIM) that are offering this course.
For your reference, we have tabulated a list of various colleges/universities that are offering this course in India.
|Institute||City||Average Fee (Per annum basis)|
|Catholic College||Pathanamthitta||INR 15,500|
|Christ University||Bangalore||INR 57,500|
|Goa University||Panaji||INR 10,567|
|MES Asmabi College||Thrissur||INR 37,500|
|NSS College||Malappuram||INR 1,585|
|Oriental Institute of Management Studies||Wayanad||INR 35,520|
|Himachal Pradesh University||Shimla||INR 30,795|
|Sai Education Cell||Delhi||INR 15,783|
|St. Thomas College||Thrissur||INR 2,650|
|CCS University||Meerut||INR 22,233|
Candidates must fulfil the below-mentioned eligibility criteria before applying to the course.
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.
Admission to the course is generally based on common entrance test. Candidates also get admission by the merit-based selection process.
Admission process would more or less be same across all the colleges and universities that are offering this course.
The syllabus of the course 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 subject-specific modules that students are taught during the course of their post-graduation. The syllabus covers all the aspects related to financial management principles and skills so, as to provide a holistic understanding of the subject to the master’s level students.
1st Year of Study
|Year 1||Year 2|
|Management Principles and Practice||Human Resource Management|
|Corporate Financial Accounting||Research Methods and Statistics|
|Business Environment||Management accounting|
|Managerial Economics||Legal aspects of business|
|Computer Applications in Business||Organizational design, development, and change|
|Business communication||Elective subject|
|Financial Management||E-commerce Management|
|Marketing Management||Human Resource Management|
|Management of financial services||-|
|Income tax laws||-|
|Project planning and evaluation||-|
|Seminar and Viva Voce||-|
Interested aspirants for the course must possess the following:
M.Com Financial Management postgraduates have numerous options to choose from in terms of their career. One can choose to work as Treasurer, Finance officer, Insurance Manager, Consultant, Controller, Risk 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 someone with Post graduation in M.Com. can look for in terms of career.
|Job Role||Job Description||Average Annual Salary|
|Treasurer||The job of a Treasurer involves a watchdog approach over all aspects of financial management working closely with other members of the management committee.||INR 2.48-3.10 Lacs|
|Insurance Manager||The job involves one to manage all the insurance-related schemes offered by a respective company along with providing assistance to the investors.||INR 2.39-2.95 Lacs|
|Consultant||A consultant plays a crucial role in providing relevant and sustainable advice to the investors who are looking for big-ticket investment in capital market.||INR 2.74-3.35 Lacs|
|Risk Manager||A Risk manager categorizes the investment and assets as risk-free or risky so as to provide a clear picture to individuals and firms in regards to their financial decision making.||INR 2.52-3.15 Lacs|
|Finance controller||The job of a controller involves approval or disapproval of expenditure on particular head based on the merit classification of the expenditure.||INR 2.82-3.25 Lacs|