Master of Commerce in India (M Com) is a postgraduate course focusing on subjects like finance, business, economics, strategic management, management accounting, etc.
The exact syllabus of this course might differ from the university offering the course. However, the program comprehends required courses like Indian Financial System, Financial accounting and reporting, investment management, Cost Accounting, Insurance Management etc.
After completing this course, the career options include- Finance Executives, Bank Managers, Teachers, Trade Managers, Wealth Managers, Shares brokers etc. Likewise, the career areas are government and private sectors, national banks, railways, tax companies, finance companies, educational institutions, etc.
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's degree and entrance test |
Selection process |
Merit-based 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's 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 (E-commerce)
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, etc.
The top recruiters for the graduates of Master of Commerce graduates are
- Wipro
- Samsung
- Citibank
- McKinsey & Company
- 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 significant finance and accounting subjects, it will be easier 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 |
|
|
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 |