M.Com (Master of Commerce) Course, Fees, Eligibility, Admission, Syllabus, Colleges, Scope

Master of Commerce (MCom) is a postgraduate degree, which deals with commerce, accounting, management, and economics. The two-year degree course opens career opportunities in the corporate and finance sectors. It offers specialization in accounting, taxation, finance, and human resource management. This is a four-semester choice based credit system course and has approval from UGC. After completing a two-year course, students get an academic degree from the respective university which is designated as a Master of Commerce.

Master of Commerce (M.Com) course is considered as an entry point for professions like chartered accountancy, company secretary, cost and work accountancy, and insurance and banking services. One can also pursue higher studies and become the lecturer and assistant professor at universities. In this article, we will discuss M Com full form, M Com general subjects, eligibility, admission, career opportunities.

What is MCom Full Form?

M Com full form is of Master of Commerce, is a postgraduate course in the field of commerce. Major candidates who complete graduation with B.Com proceed with M.Com. It is one of the most prominent courses for commerce background students.

MCom Course Details

MCom Eligibility Criteria

M.Com is a popular course among students. To get an admission to M.Com, candidates are required to have minimum qualifying marks at bachelor’s degree level. The detailed admission process is given below:

• Admission to an M.Com is on the basis of the score obtained at the degree course - B.Com and the availability of seats.
• The candidates must have passed a degree in Bachelor of Commerce (B.Com) from a recognised university, with a minimum of 50 per cent.

MCom Admission Process

The admission to M.Com is based on the merit of a bachelor’s degree in commerce - B.Com from a recognized university or college. It is also based on an entrance exam. The admission process of the M.Com, in brief, is given below.

• Eligible candidates are required to submit their application online at the college or university’s website along with scanned copies of the required documents. They have to pay the application fee online.
• They can also download the filled in application form and send it to the concerned department of the university/college along with required documents and receipt of application fee payment.
• Candidates will be shortlisted based on the merit of the qualifying exam - B.Com.
• Some of the universities/colleges conduct the entrance test.
• Candidates have to appear for the entrance test conducted by the university or college.
• Based on the entrance test result, candidates are invited for the counselling/interview.
• Selected candidates have to report to the college/university/institute and complete the admission process, which includes, document verification and fee payment.

M.Com distance course admission

M.Com course is also offered to the students through the distance mode. Candidates can go for the M.Com Distance Admission in case they are unable to attend regular classes by being physically present at the institute. Such candidates can enrol for admission to M.Com course through distance mode.

M.Com distance course admission procedure

Admission to M.Com course in the distance mode is offered on the basis of merit of the qualifying examination and there is no entrance exam conducted for admission by the colleges offering this course. IGNOU is one of the universities, offering distance education in M.Com. The detailed M.Com Distance Admission procedure is given below:

• Candidates aspiring to take admission in the distance mode for M.Com course have to first fill in all the details in the application form available on the website of the respective university and submit it along with all the necessary documents as demanded by the institute/university.
• Admission shall be given on the basis of marks scored in the qualifying exam. Eligible candidates meeting the eligibility criteria shall be offered admission once the documents are successfully submitted by the candidate.
• Fee payment is the final step of the admission process. Admission to M.Com course is confirmed once the requisite fee is paid.

Top MCom Entrance Examination

CUET PG: CUET PG or Common University Entrance Test-PG is a national-level entrance examination conducted by NTA (National Testing Agency) for admission to various master's degree programmes. The score of the CUET-PG entrance examination is accepted by 47 central universities in India.

MCom Specializations

M.Com in Finance

• Financial Institutions and Markets: Deals with an interest rate, financial markets, banking, financial services, and financial inclusion.

• Security Analysis and Portfolio Management deal with an analysis of fixed-income securities, equity analysis, portfolio analysis, management, and financial derivatives.

• The International Financial System, focuses on the international monetary system, exchange rate determination and forecasting, international financial market, international banking, and financial crises.

M.Com in Marketing

• Advertising and Sales Management: The area deals with the organisation and evaluation of advertising efforts. It also covers the topics of fundamentals of personal selling, sales planning, and organisation.

• International Marketing: The specialisation deals with international product planning and pricing decisions, international distribution decisions, international promotion strategies, emerging trends in international marketing.

• Consumer Behaviour: This deals with the consumer decision-making process, individual differences in consumers, and socio-cultural determinants of consumer behaviour.

• Supply Chain Management and Logistics: This field deals with managing relationships, logistics and supply chain management, and challenges in logistics, and supply chain.

M.Com in Human Resource Development

• Human Resource Development: This deals with HRD activities and applications, HRD in trends and practices.

• Management of Industrial Relations: This area focuses on the structure and evolution of industrial relations, industrial conflicts and disputes relations, industrial conflicts and disputes resolution, trade unions, negotiation, collective bargaining and industrial democracy.

• Strategic Human Resource Management (SHRM): This area deals with implementing strategic human resource management, and trends and issues in SHRM.

• Compensation Management and Employee Welfare Laws: This area covers various acts related to workforce management, which includes payment, wages, compensation, and maternity benefits.

M.Com in Accounting

• This is the study of accounting principles and other finance-related subjects.

• Taxation: This deals with taxation problems, tax-related literature, tax reviews, and others.
  
  
• Computer Application: This software is a programme or group of programmes designed for end-users. The application includes a word processor, a spreadsheet, an accounting application, a web browser.

Types of M.Com Degree

M.Com is a postgraduate degree in the commerce discipline. This is a two- year degree course offered by the universities. After completing a two-year degree course, students get an academic degree from the respective university which is designated as a Master of Commerce.

Advantages of MCom Degree

In-depth Knowledge- If an individual pursues a master degree he or she gets exposed to a lot of in-depth knowledge about the field. Same applies to someone who will pursue M.Com. If a student has pursued a bachelor in commerce then an M.Com degree will provide him or her with a lot of knowledge about the areas which they would have studied in the past.

Wider scope- After pursuing an M.Com a student has a wider scope in terms of career as well as job opportunities. He or she can get a job easily especially in the field of finance and accounting.

Further Studies- For a candidate who wishes to pursue a PhD in future he or she can pursue an M.Com before that in order to have in-depth knowledge of the field.

MCom Syllabus

Careers Opportunities after MCom

M.Com degree holders have ample scope of the job in the finance and corporate sector. After completing the degree, they can choose and apply to various jobs, like operation manager, finance consultant, investment banker, marketing manager, accountant and business analyst.

The salary offered in various professions varies from sector to sector depending upon the skills, qualifications, experience, and other specific demands of the recruiters. As freshers or at the entry level the average salary package offered varies from Rs. 2 lakhs per annum to Rs. 5 lakhs per annum. The experienced person can earn up to Rs. 8 lakhs per annum.

The details regarding some job opportunities are provided below:

MCom Salary

The private, as well as the government sector, offers jobs to people who have successfully completed the M.Com course. The public sector offers higher pay than the private sector. The salary offered varies from sector to sector depending upon the skills, qualifications, experience, and other specific demands of the recruiters. As freshers or at the entry level the average salary package offered varies from Rs. 2 lakhs per annum to Rs. 5 lakhs per annum. People with a decent number of years of experience can earn up to a salary package of Rs. 6 lakhs per annum to Rs. 8 lakhs per annum.

The detailed salary offers as per the experience is given below. The salary scales mentioned below are only for reference purposes, please treat them as such only and not any actual salary figures. Actual salary scales depend upon a lot of factors such as the interview, educational proficiency and the employer as well as the geographical location of the job.