Master of Commerce or M.Com is a two years post-graduate Master’s degree that solely focuses on Commerce, Management, Accounting and Economics-related subjects. It includes a lot of thesis-based components and also has some research-based elements. It takes you a notch higher than a Bachelor degree in Commerce and helps you have a thorough knowledge of various commerce and trade practices.
This program is quite well received in the industry and has been serving the needs of managerial cadre in business and industry.
It is a specialized course which prepares an individual for a career in finance and corporate sector.
The minimum eligibility for the M.Com. course is simply possessing a Bachelor’s degree in Commerce with a minimum percentage of 50. The admission process happens through a common entrance test organised by different universities. Many universities offer direct admission on the basis of merit.
The average tuition fee for this degree is ideally between INR 3,700 to 12,000 for 2 years if you enroll in these top universities:
- University of Delhi
- Amity University, Noida
- Bangalore University
- University of Mumbai
- Central University of Rajasthan
Master of Commerce (M.Com): Highlights
|Examination type||Semester system|
|Eligibility||Bachelor’s degree in Commerce|
|Top Recruiters||YES Bank, Export-Import Bank, Canara Bank, India, Hindustan Unilever Ltd., Snapdeal, Nestle India, Asian Paints India, Cadbury India, etc.|
|Job Profiles||Accountant, Operations Manager, Finance Manager, Financial Analyst, Account Executive, Assistant Finance Manager and others|
|Course Fee||INR 3700 to 12,000|
|Average Starting Salary||INR 15,000 to 25,000|
Top Institutes Offering Master of Commerce (M.Com)
Here are some of the top institutes that offer the M.Com course along with their location.
|Shri Ram College of Commerce||New Delhi|
|Hindu College||New Delhi|
|St. Joseph’s College of Commerce||Bangalore|
|Narsee Monjee College of Commerce and Economics||Mumbai|
|Symbiosis College of Arts and Commerce||Pune|
|Hansraj College||New Delhi|
|Mount Carmel College||Bangalore|
|Madras Christian College||Chennai|
Master of Commerce (M.Com) Eligibility
To get an admission into an M.Com. Program, you need to fulfill the following eligibility criteria.
- Bachelor’s degree in Commerce
- Minimum 50% marks at the level of graduation
- Some universities also take in students who have a B.A. Economics (Hons.) degree.
- Students who have passed B.B.S., B.B.A., B.F.I.A. and B.B.E. with at least 60% marks can also apply.
Master of Commerce (M.Com): Admission Process
The universal process for admission to M.Com. course happens through an entrance exam. The eligibility for the entrance test is a minimum of 45% marks in the Bachelor’s degree. The Common Entrance Test is primarily an objective-type exam with a maximum 100 marks. The questions are based on these topics:
- Logical Reasoning
- Quantitative Aptitude
- English Language
- General Knowledge
Once the entrance test is done, students get selected for Group Discussion and then the Personal Interview round. A lot of universities do not conduct the Group Discussion round. This course doesn’t have a minimum or maximum age bar.
Master of Commerce (M.Com): Syllabus
|Organization Theory and Behavior||· Organizational Theories and Behavior: Classical, Neo-classical and Contemporary
· Authority, Power, status, formal and informal structure. Flat and Tall structures
· Bureaucratization of organizations. Organizational Behavior-concepts, determinants
· Models, challenges and opportunities of OB
|Statistical Analysis||· Probability and Expectation: Approaches to probability. Addition, multiplication and Bayes Theorem, Mathematical Expectation.
· Probability Distribution: Binomial, Poisson, Exponential, Beta and Normal Distributions.
· Statistical Decision Theory
|Economic Analysis||· Firm and its objectives: Theories of the firm, managerial theories, behavioral approaches, growth theories, satisfying theory etc. Relevance of profit maximization in the modern context.
· Consumer Behavior: Determination of demand. The type of goods and the demand function. Indifference curve analysis, Indifference preference, and Slutsky’s analysis of demand, Revealed preference, theory of attributes, snob appeal, bandwagon effect and the demand function. Inter-temporal demand function. Demand for durable goods.
|Financial Management and Policy||· Financial Management: Nature, objectives and scope; financial decision-making and types of financial decisions; role of a finance manager in a firm and Agency problem. Risk-Return framework for financial decision-making.
· Capital Budgeting Decisions: Nature and Kinds of Capital Budgeting Decisions; techniques of evaluating capital budgeting decisions, capital budgeting decisions under constraints and with multiple objectives using Mathematical Programming Models.
|Managerial Accounting||· Management Accounting – Nature and Functions; Financial vs. Management Accounting; Cost vs. Management Accounting; Role of Management Accountant.
· Cost Concepts and Classifications.
· Activity Based Product Costing – Concept and uses; Emerging Costing Approaches.
· Variable and Absorption Costing – Concept, Comparison, Applications of Variable Costing, Preparation of Income Statement
|Business Environment||· Basic IS-LM frame-work, Asset markets, the demand for and the supply of real balances and their interest elasticity. Implications of modified IS and LM functions on the relative efficacy of fiscal and monetary policies. Short and long-run aggregate supply and shifts in aggregate supply. Aggregate demand, aggregate supply and the price level. Interaction of aggregate demand and aggregate supply and the determination of real income. Shifts in aggregate demand, demand management policies.
· Exchange rate regimes, foreign exchange markets, Asset choices in an open economy and capital flows. Trade flows, External balances, IS-LM-BOP curve analysis and implications for policy choices.
· Expectations and Economic Behavior.
|Quantitative Techniques for Business Decisions||· Introduction: Quantitative approach to management decision making.
· Linear Programming.
· Transportation: Solving the problem, testing the optimality MODI method.
· Integer Programming: Problem Formulation and solution.
|Marketing Management||· Introduction: Traditional view of marketing; Evolution of marketing concept; Modern concept of marketing; Marketing functions and role; Marketing management process- a strategic perspective.
· Marketing Environment.
· Buyer behavior
|Strategic Management||· Introduction: Concept and Role of Corporate Strategy. Levels of Strategy. Basic Model of Strategic Management
· Strategic Analysis: Analysis of Broad Environment- Environmental Profile; Constructing Scenarios
· Strategic Choice
· Strategic Implementation
|Accounting Theory and Practice||· Accounting Theory: Nature and Scope. Accounting methodology. Different approaches to theory construction.
· Conceptual framework of financial accounting and reporting.
· Issues in accounting standard setting. Accounting standards in India. Income concepts for financial reporting
|International Business||· International Business: Its Importance, nature and scope; Modes of entry into international business; Management of international business operations –complexities and issues; IT and international business, India’s involvement in International Business.
· Theoretical Foundations of International Trade: Reasons for international trade; theories of international trade; Gains from trade; foreign trade multiplier; Terms of trade.
|Human Resource Management||· Nature of Human Resource Management, concepts, functions, themes and controversies
· HRM, Job Analysis and Job Design
· Business Strategy and Human Resource Strategy
Master of Commerce (M.Com): Career Prospects
M.Com is a postgraduate course that can be taken up after B.com, which is primarily an undergraduate course. Once M.Com. is done, students can go for MBA or LLB, Doctor of Business Administration (DBA), Doctor of Commerce (D.Com.) or a Doctor of Philosophy (PhD). Many top universities all over India such as the Indian Institute of Management (IIM) and Symbiosis Institute of Business Management, Pune (SIBM) offer the MBA course.
In Private Sector, these could be the employment roles:
- Finance manager
- Operation manager
- Financial analyst
- Assistant finance manager
- Account executive
After completing the Master of Commerce program, students can get employed in both Private and Public Sector. In the public sector, students can work in various nationalized banks like State Bank of India, Union Bank, etc. Even the Railway Recruitment Board hires M.Com postgraduates for the position of Assistant Accounts/Audit Officer.
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