Master of Commerce (MCom)

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MCom

Are you someone who feels intrigued by the immense opportunities available in the arena of commerce such as economics, business studies, accountancy, finance, and mathematics? Do you feel excited when you learn about different papers developed in multiple areas of research in these fields? Are understanding corporate matters, sales, and purchase, goods, and services something you feel excited about? Then, Commerce is the domain that might spark a chord with you. So, if you are an undergraduate degree holder such as BCom, you may progress further in this direction and achieve an MCom degree to solidify your commitment to Commerce. 

Course Level Postgraduate (PG)
Duration 2 years
Examination Type Semester System
Eligibility Bachelor’s degree in Commerce
Admission Process Merit-based / Common Entrance Test
Job Profiles Accountant, Finance Manager, Operations Manager, Financial Analyst, Assistant Finance Manager, Account Executive

What is MCom?

Being one of the most revered courses in the field of commerce, MCom is a postgraduate degree that spans a period of one to two years. In the course of this duration, a master’s course in commerce such as this tries to develop a clear understanding of money and banking, economics: macro and micro, trading and business, accounting and finance. Being a trademark course in commerce, MCom engages the students in developing their professional as well as their research skills. In this degree, students become accustomed to multiple aspects of commerce in the initial period. But later on, one gets the freedom to choose a certain subject as their core area of specialization. To understand it with more clarity, read on to glance through the syllabus of MCom. 

MCom Course: Required Skillset

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 the banking and finance sector Good with computers

MCom Specialisations

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 Entrance Exams

Exam Name Application Period Exam Date Result Declaration
Delhi University Entrance Exam To be announced  To be announced  To be announced 
BHU PET Postponed Due to Covid-19 To be announced  To be announced
CUCET To be Announced To be announced To be announced
PUCET PG To be announced To be announced To be announced
AUCET To be announced To be announced To be announced

MCom Top Books

The following table shows the MCom course books list that helps students to perform well in the semester-end examinations:

Name of the Book Name of the Author
Principles of Accounting Dixon Cooper, Mitchell Franklin, and Patty Graybeal
Business Taxation Radhakrishnan P
Financial Accounting R. Narayanaswamy
Cost Accounting  M.P Gupta
Financial Management I.M. Pandey

Syllabus for MCom

The key aspect to understanding the suitability and your interest in something is by delving into a deeper sense into understanding what the subject entails. This helps us gain a sense of orientation to determine whether it grabs our attention and makes us feel excited by it. So, to help you get a gist of what would you be studying in the two years of this course, here is a condensed copy of the syllabus of MCom. 

Semester  MCom Subject 
Semester 1  Business Statistics, Financial Planning, Financial Economics, Managerial Economics, Managerial Accounting and Organizational Behaviour & Theory 
Semester 2  Marketing Management, Quantitative Techniques for Business, Financial Management and Policy, Legal Aspects of Business and International Business
Semester 3  Entrepreneurship, Corporate Tax Planning, ECommerce, and Global Strategic Management
Semester 4  Corporate Legal Environment, Corporate Governance, Ethics and Social Responsibility of Business and Business Research

Elective Courses in MCom

The subjects of MCom discussed above were the core areas of study that was a part of the compulsory syllabus for the major chunk of universities. Beyond these core subjects, there are certain electives that everyone chooses for themselves. These electives can be chosen as a group of courses wherein you can choose certain subjects and engage deeply in research and understanding with a particular group. Some of the Elective Courses in MCom are:  

Group A – Advanced Accounting, Corporate Accounting & Financial Management  

  • Advanced Financial Accounting 
  • Corporate Financial Accounting 
  • Financial Institutions & Markets 
  • Advanced Auditing 
  • International Financial System 
  • International Financial Management 
  • Financial Journalism 
  • Strategic Cost Management
  • Accounting Theory and Financial Reporting
  • India’s Foreign Trade and Investment
  • Management of International Business Operation

Group B – Marketing & ECommerce 

  • Consumer Behaviour 
  • International Marketing 
  • Database Management System 
  • Network Infrastructure and Payment System
  • Advertising & Sales Management 
  • E-Commerce Security and Law 
  • Supply Chain Management & Logistics 
  • Business Models in ECommerce & ICT Applications
  • International Business, Law and Taxation

Group C – Human Resource Management  

  • Human Resource Development 
  • Strategic Human Resource Management 
  • Management of Industrial Relations 
  • Compensation Management & Employee Welfare Laws 

MCom Specializations 

Since MCom is a Master’s course, a range of specializations is there to choose from. With each specialization being in great demand, the coursework focuses on both theoretical and practical aspects of the field. Some of the widely pursued subjects to gain expertise in are listed below:

Eligibility Criteria for MCom 

Getting yourself admitted to one of the top universities around the world requires you to complete certain eligibility conditions which are expected from every candidate from every country. So, if you are looking forward to getting yourself admitted into one of the premier colleges across the globe, it would be rather prudent for you to fulfil the conditions of MCom as well as prepare in advance the requisite documents as discussed below: 

  • BCom or a related course in Commerce with maths after 12th from a recognized institution or university with minimum qualifying marks or GPA. 
  • English Language Proficiency Test: You must get the minimum qualifying marks or a score band as requested by the universities of your choice in IELTS, TOEFL or PTE
  • A good GRE score
  • As MCom is a master’s degree specialization, certain universities require minimum work experience of some years. So, that needs to be thoroughly checked. 

Note: These are the condensed eligibility requirements for MCom based upon the certain conditions of different universities around the world. If you want to know the pre-requisites for admission to a particular university, you must visit the official university’s website. 

Top Universities for MCom Abroad

Master in Commerce pertains to a field that has a quite wide spectrum of domains catering to broad-ranging aspects of it. Different institutions around the world offer a plethora of opportunities in several specializations. So, if you are keen on getting yourself enrolled in a postgraduate degree in Commerce, we have curated an extensive list of the world’s most renowned institutions along with the best educational institutions in India offering a course in MCom.

  1. University College London 
  2. Northeastern University 
  3. University of Essex 
  4. University of South Wales 
  5. The University of Western Australia 
  6. University of Melbourne
  7. University of Queensland
  8. Dublin City University
  9. University of Sydney
  10. Curtin University of Technology

Top Colleges in India for MCom

  1. Sri Ram College of Commerce, Delhi 
  2. Symbiosis College of Arts and Commerce, Pune 
  3. Narsee Monjee College of Commerce and Economics, Mumbai 
  4. Christ College, Bangalore 
  5. Loyola College, Chennai 
  6. Hindu College
  7. Madras University
  8. Mithibai College of Arts
  9. Osmania University
  10. BK Birla College of Arts

Job Profiles & Salary

With an array of highly lucrative career opportunities, your MCom degree can aid you in following your passion in the chosen field of your specialization. One might also go forward in taking a less traveled career in Commerce and take up Investment Banking or become Insurance Underwriter, Tax Policy Analyst, or Asset Manager. Some of the popular job profiles deemed highly respected in this arena with their salary structure: 

MCom Job Profiles Average Salary (in INR)
Accountant/Senior Accountant 2.5 LPA
Finance Executive 4.15 LPA
Assistant Manager 6.2 LPA
Cashier/Teller 2 LPA
Chartered Accountant 8 LPA
Bank Manager 7.9 LPA
Business Analyst 6 LPA
Securities Analyst 4.9 LPA
Share Broker 4 LPA
Wealth Manager 7.2 LPA
Trader 3 LPA
Teacher 4 LPA
Researcher 6.8 LPA
Auditor 4.8 LPA
Finance Manager 9.8 LPA
Insurance Agent 2.4 LPA
Market Analyst 4.6 LPA
Investment Banker 9.09 LPA
Risk Analyst 5.16 LPA
Company Secretary 5.9 LPA
Cost Accountant 5.9 LPA

Top Employment Areas

Industries offering reputed job avenues to MCom degree holders: 
  • Banks 
  • Finance 
  • Corporate Sector 
  • Insurance Sector 
  • Research Institutes 
  • Economic Consulting Firms 
  • Import & Export Business
  • Indian Civil Services 
  • Customs Department 
  • Indian Economic Services 
  • Indian Statistical Services 
  • Commerce & Banking 

Also Read: 

MCom Top Recruiters

Top MCom Recruiters
SBI Punjab National Bank
ICICI Bank Citibank
HDFC Pricewaterhouse Cooper
RBS Deloitte
IndusInd Bank KPMG
Ernest & Young TFC

If you are looking forward to attaining a professional degree besides MCom that helps you get into a job right after your BCom to progress further in the Commerce Stream. There are certain job-oriented courses after BCom such as MBA, CMA, ACCA, CFA, CPA, PGDBA, Actuarial Science, and Tally Course. These courses would not only provide you with attractive career opportunities but also equip you with practical skills that would broaden your knowledge base. 

If you are considering getting yourself enrolled in short-term courses after BCom, then you may venture into applying for various short-term courses like Business Accounting and Taxation, Bank Management, Financial Risk Management [FRM] and International Business Management, and International Financial Reporting Standards. 

Apart from these courses mentioned above, you may also head in the direction of applying for a Master’s degree that would suit your academic requirements as mentioned in the tabular representation below: 

Master of Business Administration Masters in Marketing Management Master in International Business
MBA in Project Management MBA in Retail Management MBA in Energy Management
MBA in Communication MBA in Logistics Masters in Journalism
MCA: Master of Computer Applications Master in Human Resource Management Masters in Advertising
Master of Finance Masters in Marketing Masters in Mass Communication

With the use of the latest technology businesses are expanding internationally. With the increasing demand for highly qualified professionals, more and more students are opting for MCom after completing their graduation. Still, confused about which specialization field to choose after graduation? Let our experts at Leverage Edu help you discover the right career!

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