Master of Commerce in India

Master of Commerce in India

Master of Commerce in India
Tn AryalWed Feb 02 2022

Master of Commerce in India (M Com) is a postgraduate course that focuses on subjects like finance, business, economics, strategic management, management accounting, and so on. 

The exact syllabus of this course might differ from the university offering the course. However, the program overall comprehends crucial courses like Indian Financial System,  Financial accounting and reporting, investment management, Cost Accounting, Insurance Management etc.

The career options after completing this course include- Finance Executives, Bank Managers, Teachers, Trade Managers, Wealth Managers, Shares Broker etc. Likewise, the career areas are government and private sectors, national banks, railways, tax companies, finance companies, educational institutions and so on. 

Highlights

Course

Master of Commerce (M Com)

Course Duration

2 years

Course Fees

INR 20,000 to INR 1.5 Lakhs per year

Eligibility

Pass Bachelor degree and entrance test

Selection process

Merit-based for Entrance exam based

Employment Areas

Private ad government banks, finance companies, tax firms and so on. 

Recruiters

Yes Bank, Nestle India, Snapdeal, Amazon, State Bank of India etc.

Master of Commerce in India Admission Process

Eligibility

  • Applicants should pass BCom or another equivalent degree with a minimum aggregate of 50% in their Bachelor degree. 
  • Appear and pass the university entrance examinations unless direct admission is offered.

MCom Entrance Exams

  • Punjab University Combined Entrance Test (PU CET)
  • Central Universities Combines Entrance Test (CUCET)
  • Banaras Hindu University Postgraduate Entrance Test (BHU PET)
  • Acharya Nagarjuna University Post Graduate Common Entrance Test (ANUPGCET)
  • Jain Entrance Test
  • Sri Krishnadevaraya University Common Entrance Test
  • Andhra University Common Entrance Test (AUCET)

Top Colleges for Master of Commerce in India

Best MCom Colleges

Highest annual package in INR

Sri Ram College of Commerce (SRCC)

INR 15 Lakhs

Christ College

INR 13.12 Lakhs

Hansraj College, Delhi- University of Delhi

INR 21 Lakhs

Stella Maris College, Chennai

INR 5 Lakhs

Symbiosis College of Arts and Commerce

INR 6 Lakhs

St. Joseph College of Commerce (SJCC), Bangalore

INR 6 Lakhs

Narsee Monjee College of Commerce and Economics, (NMCEE), Mumbai

INR 8 Lakhs

Loyola College, Chennai

INR 5.5 Lakhs

Mount Carmel College (MCC), Bangalore

INR 7.5 Lakhs

Madras Christian College-MCC Chennai

INR 6 Lakhs

Symbiosis College of Arts and Commerce Pune

30,500

SAGE University Indore

50,000

Nehru Arts and Science College Coimbatore

70,000

Top Government Colleges for M.Com in India

  • IGNOU Delhi- Indira Gandhi National Open University
  • JMI New Delhi- Jamia Milia Islamia 
  • MSU Baroda- Maharaja Sayajirao University of Baroda
  • UNIPUNE (Pune University)- Savitrabai Phule Pune University
  • AMU Aligarh, Aligarh Muslim University
  • BRAOU Hyderabad- Dr BR Ambedkar Open University
  • Ravenshaw University, Cuttack

Top Private Colleges for M.Com in India

  • SRM University Chennai- SRM Institute of Science and Technology
  • Christ University, Bangalore
  • BHU Varanasi- Banras Hindu University
  • Chandigarh University
  • Integral University, Lucknow
  • REVA University, Bangalore
  • Techno  India University, Kolkata
  • Dr MGR Educational and Research Institute, Chennai
  • Presidency University, Bangalore
  • Manipal University (MAHE)- Mania Academy of Higher Education
  • Gujarat University, Ahmedabad 

MCom Specializations in India

The list of MCom Specializations offered in India are: 

  • MCom (Economics )
  • MCom (Taxation)
  • MCom (Mathematics)
  • MCom (Accounting & Finance)
  • MCom (Banking)
  • MCom (Banking & Finance)
  • MCom (Statistics)
  • MCom (Marketing)
  • MCom (Computer Application)
  • MCom (Business Management)
  • MCom (Accounting)
  • MCom (Finance & Control)
  • MCom (Finance)
  • MCom (Ecommerce)

M.Com Fees in India

University/ College

Course fees in INR

Institute of Chartered Accountants of India

15,000 for course

Manipal University, Jaipur

USD 2700 (Total course fees, all-inclusive)

Chandigarh University

INR 40,000 per semester for students from SAARC Countries

USD 1500 per semester for students from other countries

Christ University

INR 1.65 Lakhs

St. Joseph College of Commerce

INR 1.72 Lakhs

Aligarh Muslim University

INR 11,500 per year for Indian students

USD 550 for international students.

OM Sterling Global University (OSGU), Hisar

45,000

Gulzar Group of Institutes (GGI), Ludhiana

47,000

Amity University

96,000

M.Com Syllabus

Institute of Chartered Accountants of India M. Com Course Content

First Year: 

Code No

PAPER

Marks

M101

Marketing Management

    100

M102

Human Resource Management

    100

M103

Business Environment

    100

M104

Financial Management

    100

M105

 

Corporate Accounting

    100

Second Year

M106

Auditing

    100

M107

Company Law

    100

M108

Cost & Management Accounting

    100

M109

Information Technology in Business

    100

M110

Taxation

    100

Scope of Master of Commerce in India

Depending upon your specialization and interest, you can find jobs like Tax Consultants, Taxation Executive, Company Secretary, Financial Analyst, Business Development executives and so on.

The top recruiters for the graduates of Master of Commerce graduates are 

  • Wipro
  • Samsung
  • Citibank
  • McKinsey & Company
  • Google
  • Deloitte
  • Axis Bank
  • HDFC Bank
  • KPMG
  • Axis Bank
  • Reliance
  • TATA Consultancy Services
  • Cognizant
  • Yes Bank
  • IBM
  • EY India
  • ICICI Bank
  • KPMG
  • Amazon
  • Infosys
  • Accenture

Job Title

Range

Average

Accountant

₹131k - ₹507k

₹245,385

Account Executive

₹152k - ₹470k

₹243,904

Finance Manager

₹521k - ₹2m

₹1,036,995

Senior Accountant

₹241k - ₹742k

₹414,446

Financial Analyst

₹194k - ₹685k

₹360,782

Account Manager

₹240k - ₹1m

₹478,417

Senior Account Executive

₹271k - ₹632k

₹410,883

Operations Manager

₹346k - ₹1m

₹700,642

Executive Assistant

₹189k - ₹827k

₹397,452

Senior Financial Analyst

₹297k - ₹897k

₹520,572

Accounts Assistant

₹115k - ₹568k

₹215,625

Finance Associate

₹148k - ₹862k

₹316,533

Primary School Teacher

₹123k - ₹426k

₹240,645

Assistant Finance Manager

₹396k - ₹1m

₹766,133

You can also do CA after M Com. Since you would already have completed major finance and accounting subjects, it will be easier for you to understand and pass Chartered Accountancy.

Master of Commerce in India Vs Abroad

Parameter

M Com in Inda

M.Com in USA, UK, Canada, Australia etc. 

Eligibility

  • Pass Bachelor degree in any stream
  • Entrance Exams
  • Pass Bachelor in commerce/ business relates areas..
  • English Test Scores (Overall 6.0 to 7.0 in IELTS in most institutes). 
  • Letter of Recommendations
  • Statement of Purpose

Course duration

2 years

1-2 years

Specializations

Available

Available

Global Recognition

Yes

Yes

Tuition Fees

INR 30,000 to INR 4, Lakhs

USD 30,000 to USD 50,000 per year. 

Colleges are more affordable than universities.

Placements

Depend on college

Depends on university and college

Salary post-graduation

INR 4 Lakhs to INR 14 Lakhs per year

USD 34,000 to USD 80,000 per year

 

Related Posts :

blog

BSC Nursing in India

BSc Nursing in India: Eligibility Criteria, entrance test, government colleges, Private Colleges, and cost of Studying. BSC Nursing jobs in India.
Study Info CentreTue Jun 29 2021
blog

Bachelor in Business Administration (BBA) in India

Complete guide to Bachelor in Business Administration (BBA) In India like TOP BBA Colleges, BBA entrance Exams and other highlights of BBA in India.
Study Info CentreThu Jul 01 2021