What is M.Com?
Masters of Commerce or MCom is a post graduate level course ideal for candidates who wish to make a career in banking financial services and insurance (BFSI) as well as accounting and commerce sectors. The 2-year course delves deeper into the functioning of the economy, capital, revenue, trade, taxes, etc. taught in BCom.
Since, MCom is a specialized area in itself, only those candidates who have pursued BCom or BCom (H), can go for it. MCom is also a good option for CA/CS candidates. However, not many CA/CS aspirants pursue MCom as CA/CS courses can be pursued after class 12.
MCom is most popular among aspiring teachers/lecturers and researchers. UGC-NET/JRF and PhD are among popular options for MCom degree holders.
Admission to MCom in top universities is done through entrance exam. Many universities offer merit based admission to the course.
MCom covers a wide area for study and research and has many specializations to offer besides MCom (General) and MCom (Honours), like:
| MCom Specialisations |
|
|---|---|
| MCom (Taxation) |
MCom (Economics) |
| MCom (Mathematics) |
MCom (Accounting) |
| MCom (Accounting & Finance) |
MCom (Statistics) |
| MCom (Banking) |
MCom (Finance) |
| MCom (Banking and Finance) |
MCom (Finance & Control) |
| MCom (Marketing) |
MCom (E-Commerce) |
| MCom (Business Management) |
MCom (Computer Application) |
MCom Required Skillset
The MCom course is largely about numbers, graphs and calculations, hence it is essential for an aspirant to have sharp analytical skills and love for numbers.
To pursue MCom and further make a career in the related field, one should possess the following skills:
| MCom Required Skillset |
|
|---|---|
| Logical reasoning |
Ability to remember facts and figures |
| Strong analytical skills |
Ability to handle pressure (of course as well as work) |
| Strength in Mathematics |
Strong verbal and communication skills |
| Eye for detail |
Leadership qualities |
| Knowledge of banking and finance sector |
Good with computers |
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MCom Eligibility Criteria
- Minimum eligibility criteria for MCom is a minimum of 50% marks in aggregate in BCom or BCom (Honours) or equivalent from a recognized university
- Some universities also induct students who have completed Economics (H), BBS, BFIA and BBE will a minimum score of 60% in aggregate or equivalent
- Reserved category students are entitled to marks relaxation of up to 5%
- State level universities also offer marks relaxation to home students
MCom Syllabus
In MCom, while core courses remain the same for all, candidates opting for a specialisation have to choose from elective courses. Take a look at the MCom syllabus and topics generally taught in a MCom course of two years.
| Paper |
Paperwise Topics in MCom Syllabus |
|---|---|
| Organisation Theory and Behaviour |
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, band wagon 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’s. Implications of modified IS and LM functions on 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 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 |
MCom Job Profiles & Top Recruiters
After completing MCom, a candidate can seek employment in the BFSI sector, opt for teaching or lecturer-ship or go for research. There are various job options for MCom degree holders in private, public as well as government sectors. Nationalised banks, Railways, Income Tax and other such government departments are good options for MCom degree holders to aim for a secure and prosperous career.
Top job profiles for MCom degree holders are:
MCom Job Profiles |
|
|---|---|
| Accountant/Senior Accountant |
Finance Manager |
| Finance Executive |
Financial Analyst |
| Assistant Manager |
Accounts Executive |
| Cashier/Teller |
Cost Accountant |
| Chartered Accountant |
Company Secretary |
| Bank Manager |
Risk Analyst |
| Business Analyst |
Marketing Manager |
| Securities Analyst |
Investment Banker |
| Share Broker |
Bank Executive |
| Wealth Manager |
Market Analyst |
| Trader |
Entrepreneur |
| Teacher |
Lecturer |
| Researcher |
Finance Consultant |
| Auditor |
Insurance Agent |
Every business organization, whether it is an international conglomerate or a NGO, requires commerce graduates in various capacities to run their finance and accounting department. Banks and auditing firms hire MCom degree holders in large capacity.
Top recruiters includes banks, multinational companies, finance firms and auditing agencies.
| MCom Top Recruiters |
|
|---|---|
| SBI |
Punjab National Bank |
| ICICI Bank |
Citibank |
| HDFC |
PricewaterHouse Cooper |
| RBS |
Deloitte |
| IndusInd Bank |
KPMG |
| Ernest & Young |
TFC |
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Popular M.Com Colleges in India
Top Rated Courses
Courses
- M.Com.Hansraj College
- M.Com.Hindu College
- M.Com in Advanced AccountingNarsee Monjee College of Commerce and Economics
- M.Com. in AccountancyMithibai College of Arts, Chauhan Institute of Science & Amrutben Jivanlal College of Commerce and Economics
- M.Com.Loyola College
- M. Com (Master of Commerce)St. Xavier's College, Kolkata
- M.Com.Atma Ram Sanatan Dharma College
- M.Com. in AccountancyH.R. College of Commerce and Economics
- M.Com.Gujarat University
- M/Com. in Accounting and Financial ManagementMSU - The Maharaja Sayajirao University of Baroda
Popular M.Com Specializations in India
Popular Specializations
- Cost and Management Accounting
2 Colleges
- Auditing and Control
1 College
- Chartered Accountancy
1 College
- Company Secretary
1 College
Ask & Answer (Showing 5 of 2.8K Q&A)
check with the eligibility of the college you have to check accordingly.
Answered bykanu vashisht Scholar-Level 16
You have to clear all the subjects only then you will be able to pursue M.com.
Answered bykanu vashisht Scholar-Level 16
for which region you are asking for?
Answered bykanu vashisht Scholar-Level 16
There are various colleges which offer this course through distance learning mode such as du, IGNOU, annamalai, Symbiosis Centre for Distance learning and many more. You can choose Du or IGNOU (are the best universities). .
Answered byKaur Kaur Contributor-Level 9
You have to clear ugc net exam to pursue phd. For further detail, I am sharing link https://www.shiksha.com/university/gndu-guru-nanak-dev-university-amritsar-24108 you may find everthing through this link about the college which you are looking for.
Answered byKaur Kaur Contributor-Level 9
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