MCom Financial Management Course Overview, Eligibility, Top Colleges, Syllabus, Jobs and Salary 

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Sounak Banerjee

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MCom Financial Management is a 2 year PG degree which focuses on banking financial services, insurance, commerce, accounting, economics, and management subjects. It can be pursued by the students who have a UG degree from any recognized university.

Know More About: Finance Courses

In the MCom Financial Management admission process, the candidate’s marks should be 55% minimum marks at the UG level. Every college eligibility criteria differ, where some colleges allow admission through lists while others conduct entrance exams for the same. The average course fee lies around INR 8,000 to INR 1,50,000.

Post completing MCom Financial Management students can work as Assistant Accountant, Financial Analyst & Manager, Investment Banker and get a salary of INR 3 LPA to INR 7 LPA. In future they can also opt for MBA or Phil courses in the same field.

See Also: List of all MCom Courses 2020

Admission Process

MCom Financial Management: Admission Process

MCom Financial Management admissions are either based on entrance exams or based on the merit lists. Every college’s admissions process is not the same, while many conduct CET and some conduct their own entrance exams depending upon state/national level.  The guide to take admissions through entrance exams is as follows: 

Entrance-Based Admission:

  • Registration: Registration dates are mentioned before examinations by the college. To complete the registration process, candidates have to create an account with basic details of an e-mail I’d, name, contact number, etc.
  • Fill up details: The candidates must fill up all the details very carefully. The details filled in the application form must be accurate and genuine.
  • Submit documents: The required documents should be scan and upload to the official portal as per the format. The document’s format is different on every college site.
  • Application fee: Once all the details are filled in and documents are uploaded, the next process is to pay the application fee. The payment can be done through all the online payment modes.
  • Download Admit Card: Admit cards get released once all the candidate’s details are verified. It is mandatory for the candidates to download the admit card and take it to attend the entrance exams.
  • Examination: Candidates can prepare with all the subjects mentioned for that particular exam. They can also refer to previous exam question papers to score well.
  • Results: Results are released after two to three weeks of the entrance exam. Once candidates get qualified they can further move to the next process.
  • Counseling & Admission: Every college held a counseling round for those candidates who have qualified for the entrance exam. They can select the preferred course as per their interest and previous education qualification.

Merit-Based Admission:

Candidates can apply for the MCom Financial Management course through both online and offline processes. Candidates with merit marks can easily get admission to their desired college/university.

Below mentioned are the steps how candidates can apply for the MCom FM course:

  • Visit the official admission portal of the university or can visit the office for the offline admission process.
  • Fill the application form with all the required details as prescribed in the portal.
  • Once the application process is done, the selection process will get started and the candidate will get allotted.

Checkout: MCom Admission 2021

MCom Financial Management: Eligibility Criteria

The eligibility criteria for MCom Financial Management is as simple as any other management course. It must be noted that eligibility criteria may differ from college to college. So here are the eligibility criteria mentioned below, go through them before planning for the course.

  • The most essential eligibility criterion for the MCom Financial Management course is to have a graduation degree in the commerce stream. 
  • Diploma holder candidates equivalent to the required qualification can go for MCom Financial Management.
  • The minimum percentile requirement is 55% marks at graduation level.
  • No supplementary will be allowed to go through the admission process.

Above mentioned criteria are of various colleges but many colleges have their own eligibility criteria which candidates have to fulfill to get admission.

  • In the case of reserved category, students have to submit their category certificate from their regional authorities in order to avail the beneficiaries. 
  • To get qualified for admission, candidates have to go through the Common Entrance Test first and have to score good marks for it. Some of the Universities entrance exams are CET, AUCET, OUCET, JUEE, etc.

MCom Financial Management: Entrance Exams

There are many national and state-level entrance exams to appear for admission into the  MCom Financial Management program. 

Listed below are some of these popular MCom Financial Management entrance exams.

  • ANUPGCET: Acharya Nagarjuna University Post Graduate Common Entrance Test  is a state-level exam and is conducted by Acharya Nagarjuna University (ANU), Guntur. It offers admissions for various PG courses and the registration process starts in the month of March every year and the exam is held in May. 
  • JUEE: is conducted by the Jagannath University of Rajasthan each year in the month of May. It is a University level exam and it is held three times a year. The exam duration is 120 minutes with objective type questions.
  • PESSET: is conducted by Peoples’ Education Society University for candidates who are interested in the MCom Financial Management course. The registration process starts between Dec to April and the exam is held in the month of May every year. The exam duration is 180 minutes. The exam pattern is of objective type questions and no negative marking.
  • OUCET: OUCET stands for Osmania University Common Entrance Test. This exam is conducted by Osmania University for PG Courses. It is held in the month of July each year. The exam duration is 90 minutes. The exam pattern is of objective type questions and no negative marking.

The details of the applications for the above-mentioned examinations are mentioned in the table below.

Examination Application Date Exam Date Exam Mode
ANUPGCET April 2021 May 2021 Online
JUEE August 2021 Third Week of September, 2021 Online
PESSAT April 2021 May 2021 Online
OUCET Last week of June 2021 July 2021 Online
AKNUCET April 2021 May 2021 Online

MCom Financial Management: Tips to Clear the Entrance Examinations

To help candidates to score good marks and crack the entrance examinations, below mentioned are the tips which can be followed:

  • Go through the reference books: Candidates before going to participate in the entrance exams first have to select the best books which are specially edited for such exams. Do not depend upon a single book, go for an alternative writer’s edition.
  • Prepare a Time Table: Depending upon the tough syllabus, candidates can select the subject and make a proper time table which topics to clear first. To get eligible in a good college, candidates have to follow the time table accordingly.
  • Time Management: Time management plays a vital role in the preparation of an entrance exam. Time management not only plays an important role in preparation but also in the exam hall. Proper management of time will always lead the candidates to the pinnacle of success.
  • Refer to Past Years Paper: Half of the preparation gets done when the candidate refers to past years’ questionnaires. Through previous year’s papers, it will be easy for the candidates to assume which subject is given more impotence and which topics are mostly covered.
  • Solve Sample Papers and Mock Tests: The best way to prepare for any entrance exams is to solve sample papers or mock tests. This way candidates will know their weaknesses and can cover the topic in a sufficient time. 

MCom Financial Management: Tips to the Best College

To get admission to a well-ranked MCom Financial Management college/university, a number of factors are included. Some of the following tips will help the candidates to secure their seats.

  • Be prepared for the different levels of questions and the difficulty level of the questions asked in various exam patterns. Some exams are easier to attempt while some others may be tough. This will help the candidates to score good marks.
  • Since questions are asked from the graduation level, candidates can refer to their graduation reference books and notes. Revision of basic topics is a must.
  • Every college application form dates and deadlines are different. Candidates need to stay updated with all the important dates and notifications from time to time. It is necessary to know such updates.
  • Candidates can keep themselves updated by reading newspapers and current affairs of the world regularly. This will help to crack the exams as well.

Checkout: Top Ranked MCom Colleges 

What it is about?

MCom Financial Management: What it is about?

All information about MCom Financial Management is as follows:

  • MCom Financial Management is a postgraduate course that involves a detailed study of modern and historical knowledge of financial and accounting management. 
  • It also helps candidates to develop a deep understanding of accounting and finance also, to those who have zero knowledge about it. 
  • Along with other subjects, it also includes management subjects to enhance the theoretical knowledge of the candidates.
  • It is a two-year program that involves the detailed study of subjects in finance, accounting, risk management, project planning and control, economic analysis, marketing analysis, audit, corporate planning, etc.
  • Candidates pursuing Chartered Accountants, go for this course as both subjects are similar mostly related to the field of finance and management.
  • The average MCom Financial Management course fee lies around INR 3 LPA to INR 5 LPA.

Read More: Jobs after MCom Courses

MCom Financial Management Course Highlights

The highlights for the MCom Financial Management course is given in the table below:

Course Level Postgraduate
Full-Form Master of Commerce Financial Management
Duration 2 Years
Examination type Semester Wise
Eligibility Minimum 55% marks at graduation level
Admission Process Entrance exam based/merit-based
Course Fee BETWEEN INR 11,000 TO INR 2.50 LAKHS
Average Salary Rs.14,000 to 20,000
Top Recruiting Companies Banks, Insurance Companies, Mutual Fund Companies, Stock exchange, NBFCs
Job Positions Finance officer, Insurance Manager, Treasurer, Controller, Risk manager, Consultant, etc

MCom Financial Management: Course Advantages

  • The study of this program helps the candidate to gain adequate skills in data handling and quantitative techniques from the subjects like accounting and finance.
  • MCom in Financial Management degree holder has a wide scope both in career and higher education. Candidates can go for Ph.D. after completing the program.
  • Candidates with this degree can find endless career opportunities in the banking and finance sectors.
  • Candidates have a great option in both government and private sectors.
  • One can go for teaching after completing the MCom FM program. 
  • As subjects are equivalent to the Chartered Account course, it will help many other candidates to grow their career as a CA along with this MCom course.
MCom Financial Management vs MBA Financial Management Course Comparison

MCom Financial Management: Course Comparison

MCom Financial Management vs MBA Financial Management: Which one to Choose?

The comparison between MCom Financial Management and MBA Financial Management are as follows:

Parameters MCom Financial Management MBA Financial Management
Duration 2 Years 2 Years
Focus Area Commerce Management
Course Overview This course study within the course includes Advanced Marketing, Portfolio Analysis, Microeconomics, Statistics for Business, Money and Capital Markets.  This course imparts education about administration, budgeting, investment outcomes and monitoring of financial assets.
Admission Criteria Entrance Test+Counseling State/National/College Entrance Test
Eligibility Criteria Bachelor’s Degree with any Accounts, Math or Economics Graduation in any stream
Average Courses Fees INR 1 Lakh INR 5-6 Lakh
Area Of Employment Banking, Insurance, Financial Service Sectors, Investment Banking, Private Companies, etc Marketing Manager, Project Manager, Business Analyst, Human Resource Manager, etc
Average Placement Package INR 4 Lakh INR 6 Lakh
Top Colleges

MCom Financial Management: Top Colleges

The table below shows the best MCom Financial Management colleges and universities that offer the course in a full-time mode.

College Name Average Fee Average Salary Package
Shri Ram College of Commerce INR 29,400 INR 4 LPA
Lady Shriram College INR 30,000 INR 6 LPA
Loyola College INR 28,500 INR 4.5 LPA
St Xavier's College INR 23,100 INR 5 LPA
Anil Surendra Modi School of Commerce INR 1,80,000 INR 4 LPA
Symbiosis College of Arts and Commerce INR 30,500 INR 5.7 LPA

MCom Financial Management College Comparison

The following table depicts the comparison made among the top three MCom Colleges in India.

Parameter Symbiosis Institute Loyola College
Location Pune Chennai
Objective SIU Pune was established in 1983. also offers the ACCA course alongside the graduation programmes to empower students with an international level certification.  Loyola College is affiliated with the University of Madras. It is one of the top ranked institutes of India.
Location Pune Kerala
NIRF Ranking 22 6
Average Annual Fees INR 45,820 INR 42,000
Average Annual Salary INR 7.4 Lakh INR 6.5 Lakh

MCom Financial Management: Syllabus

All colleges' syllabus are mostly the same all over the country at the management level. Here is the syllabus yearly wise for MCom Financial Management.

Year 1 Year 2
Business Management Financial Accounting & Packages
Business Environment Quantitative Methods for Business
Business Economics Financial Management
Information Technology for Business Marketing Management
Quantitative Techniques for Business Human Resource Management
Entrepreneurship Development E-Commerce Management
Year 3 Year 4
Banking & Technology Banking Law & Practice
Advanced Banking Insurance Actuarial
Insurance Products & Management Bank Management
Financial Markets & Services Insurance & Risk Management
Principles of Life Insurance Financial Derivatives
Security Analysis and Investment Management Portfolio Management
Job Profiles

MCom Financial Management: Job Prospects

Below given are the various job profiles along with the average salary package for the MCom Financial Management graduates:

Job Profile Average Salary
Accountant INR 5 LPA
Business & Corporate Analyst INR 4.5 LPA
Investments Analyst INR 4 LPA
Executive Assistant INR 6.2 LPA
Marketing & Money Manager INR 7 LPA
Future Scope

MCom Financial Management: Future Scope

  • MCom Financial Management graduates can work in sectors like Asset Management, Bank and Financing, Insurance Management, Private Equity, Risk Management, Retail Sector Treasury, Sales and Trading and Stock Market etc. 
  • Government jobs such as Lecturer / Professor is also a great option for such graduates.
  • Graduates who are interested in the research field can also opt for MPhil or Doctorate Course.               

MCom Financial Management FAQs

Ques. What is the course duration of MCom Financial Management?

Ans. The MCom Financial Management has a course duration of two years which is further divided into four semesters.

Ques. Is there any entrance exam for admission to the MCom Financial Management course? 

Ans. Yes, there are a few entrance exams conducted for admission to the MCom Financial Management. Some of the top ones are CET, JUEE, PESSET, AUCET, OUCETetc. 

Ques. What is the educational qualification required for admission to the MCom Financial Management course?

Ans. For admission to the MCom Financial Management course, candidates must have passed graduation with Account, Economics, or Mathematics with a reasonably high percentage of marks in the aggregate. Also required to clear the different national and state-level entrance exams.

Ques. What is the admission procedure for admission to MCom Financial Management program?

Ans. Few colleges have their own admission criteria, while many other colleges conduct common entrance tests as part of the admission process. Offline admissions are also allowed on merit-based marks.

Ques. What is the average fee for the course MCom Financial Management program in Indian Colleges/ Universities?

Ans. The average annual fee to pursue this program ranges from INR 2,00,000 to INR 7,00,000 depending on the college/ university one is seeking admission to.

Ques. Name some of the popular jobs available for MCom Financial Management graduates?

Ans. Some of the most popular job profiles available for MCom Financial Management graduates are Finance Officer, Investment Officer, Finance Controller, Consultant, Chief Financial Officer, Risk Manager, Treasurer, etc.

Ques. What is the average salary of an MCom Financial Management graduate?

Ans. At the start of a career, the average salary of an MCom Financial Management candidate ranged between INR 4 LPA to INR 5 LPA. But with 3 to 5 years of experience, a graduate can earn between INR 10 to INR 20 LPA.

Ques. Is there any age limit for the Masters of Financial Management course?

Ans. No, there is no age limit to pursue a Masters of Financial Management course. However, one can re-check with the college-age criteria of your choice.

Ques. How can I fill up the application form for the Masters of Financial Management course?

Ans. Mostly, the application forms can be filled in online simply by visiting the university’s official portal for the application forms. Some colleges/universities allow offline application processes as well.

Ques.  Which is better, MCom FM or MBA FM?

Ans.  As per the candidate’s interest, they can prefer their subject of interest. Where MBA FM is recognized globally, whereas MCom FM is popular mostly in India. MBA is costly as compared to MCom FM.

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

5.04 K (Minimum Fee)PUBLIC COLLEGES38 K  (Maximum Fee)
11.73 K (Average Fee)
5.68 K (Minimum Fee)Private COLLEGES2.20 L (Maximum Fee)
62.61 K (Average Fee)

Master of Commerce [M.Com] (Financial Management) Fee Structure By state


6.32 K
5.68 KPrivate COLLEGES84.27 K
42.10 K



Master of Commerce [M.Com] (Financial Management) Colleges IN INDIA

View All
St Thomas' College
Thrissur, Kerala
3.38 K first year fees
Amity University
Noida, Uttar Pradesh
1.1 L first year fees
Farook College
Kozhikode, Kerala
3.76 K first year fees
9.9 K first year fees
Sardar Patel University - [SPU]
Vallabh Vidyanagar, Gujarat
60.43 K first year fees
52 K first year fees