Master of Commerce (M.com)
M Com Course Details
A Master of Commerce (M.Com.) degree is awarded after completing a two-year program. The Master’s programme addresses accounting theory, macroeconomics, microeconomics, money and banking systems, company information, trade, and policy issues, among other subjects. During the final year, students majoring in commerce take courses in such subjects as statistics, taxation, marketing, accounting and finance, banking, insurance, and so on.
Essentially, a Master of Commerce is a postgraduate degree programme that focuses on integrating concepts from accountancy, business studies, statistics, economics, mathematics, finance, banking, law, taxation, marketing, and management studies.
Full Form of M com Course –
The full form of M Com is “Master of Commerce,” which is a postgraduate course. Candidates who have graduated with a B.Com. may pursue a M Com. It is one of the most prominent courses for commerce students.
Master of Commerce Course Highlights :
|M Com course level||Post Graduate Degree|
|M Com course duration||2 Years|
|M Com full form||Master of Commerce|
|M Com admission process||Based on the entrance exam/merit-based|
|M Com course fee at various colleges and universities||Rs. 35,000 to Rs. 50,000 per annum|
|Minimum percentage required at UG level, for the M.Com admission||Students are required to have 50% marks in B.Com. from a recognised university.|
|Average salary offered||Up to Rs. 4 lakhs per annum, depending on the experience.|
|Career Opportunities:||The course is considered as an entry point for professions like chartered accountancy, company secretary, cost and work accountancy, and insurance and banking services.|
Syllabus of Master of Commerce-
|Master of Commerce Semester-I|
|Sr. No.||Subjects of Study|
|1||Corporate Financial Accounting|
|2||Accounting for Managerial Decisions|
|4||Computer Applications in Business|
M.com Semester- II subjects
|2||Corporate Tax Planning|
|3||Computer applications in business|
Master of Commerce Semester- III subjects
|1||Economics of Global Trade and Finance|
|4||Management Concepts and Organization Behaviour|
Master of Commerce Semester- IV subjects
|Banking & Finance||Commercial Bank Management||Financial Bank Management|
|Financial Markets||Entrepreneurial Management||Human Resource Management|
|International Finance||Research Methodology in Commerce||Investment Management|
Furthermore, a student should choose one optional subject out of:
|Optional Group: Accounting and Finance||Optional Group: Statistics||Optional Group: Marketing||Optional Group: International Marketing|
Master of Commerce Eligibility –
- A graduate degree in the commerce stream is required for aspiring students.
- However, as an alternative criterion, many universities accept graduation degrees with honors in economics or business/management studies for admission to their M.Com. degree courses.
- Universities and institutes with excellent reputations require a minimum of 45–50% in graduation to be eligible for this course, and some also administer entrance exams to assess applicants for admission to their M.Com degree program.
- Admission to these universities is determined by the final merit score, which is the sum of the final exam grades and the entrance exam score.
Master of Commerce Colleges –
- MCM DAV College for Women, Chandigarh
- Hindu College, Delhi
- Lovely Professional University- LPU, Jalandhar
- Rayat Bahra University, Mohali
- University of Delhi, Delhi (DU)
- Amity University, Noida
- Banaras Hindu University- BHU, Varanasi
- CRM University, Bangalore
- Calcutta University, Kolkata
- Christ University, Bangalore
- Chandigarh University, Chandigarh (CU)
- DAV College, Chandigarh
- Goswami Ganesh Dutta SD College, Chandigarh
Master of Commerce Course Suitability –
- A Master of Commerce degree is suited for students who wish to pursue postgraduate studies or research in statistical fields, in addition to working as professors in a university or college after taking the necessary tests like the UGC NET or JRF.
- This course is for those candidates who are willing to pursue chartered accountancy and company secretaryship..
How is the Master of Commerce Course Beneficial?
- Having an M.Com. degree prepares you for further studies and research in this subject, such as a Ph.D. or an M.Phil. in Commerce.
- Holders of an M.Com degree can choose from a wide range of specialisations in commerce, including statistics, tax, accounting, finance, banking, insurance, and others.
- Postgraduates in Commerce can undertake research in a variety of India’s national security issues, including international relations, geostrategic, geopolitical, socio-economic, and tactical aspects of war, among others.
- Accountant, investment banker, money manager, and personal finance consultant are just a few of the careers available to postgraduates in commerce with a master’s degree.
- On successful completion of a Master’s degree in Commerce, a student can apply for the UGC-NET or JRF (Junior Research Fellowship) exam, which makes teaching or research a good option.
- A law degree is a very popular postgraduate destination for students of commerce.
Master of Commerce Employment Areas –
- Banking Sectors
- Customs Department
- Economic Consulting Firms
- Indian Economic Services
- Indian Statistical Services
- Various Corporate Sectors
- Import/Export Companies
- Insurance Industry
- Indian Civil Services
Master of Commerce Job Types –
- Accounts Assistant
- Assistant Accountant
- Operations Manager
- Personal Finance Consultant
- Risk Analyst
- Securities Analyst
- Corporate Analyst
- Executive Assistant
- Financial Analyst
- Business Analyst
- Marketing Manager
- Finance Manager
- Investment Banker
- Investments Analyst
- Market Analyst
- Money Manager
- Senior Accountant
Advanced Course in Master of Commerce –
After finishing the Management Certificate Program, you can become accountant.
Also Read : Bachelor in Commerce (B.Com)
Frequently Asked Questions
What is the duration of the M.Com program?
The duration of the M.Com program is typically 2 years, but it can vary depending on the institution and country.
What are the eligibility criteria for the M.Com program?
The eligibility criteria for the M.Com program typically include a bachelor's degree in commerce or a related field, with a minimum aggregate score as required by the institution.
What are the subjects covered in the M.Com program?
The subjects covered in the M.Com program can vary depending on the institution, but generally include advanced level courses in areas such as Accounting, Economics, Finance, Management, Marketing, and Business Law.
What are the career opportunities after completing the M.Com program?
Career opportunities after completing an M.Com program include roles such as financial analysts, business consultants, accounting managers, and marketing managers in various industries such as finance, banking, retail, insurance and other sectors.
Is there any entrance exam required for the M.Com program?
Some institutions may require an entrance exam for the M.Com program, while others may consider the candidate's undergraduate academic performance.
Are there any distance learning options available for the M.Com program?
Yes, many institutions offer distance learning options for the M.Com program.