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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, purchases, 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, and 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.
Why pursue MCom Course?
MCom courses are in high demand among students due to the financial benefits they provide. BCom graduates can pursue an MCom degree to advance their careers. Here are some of the benefits of pursuing an MCom degree:
- A stepping stone in the careers of students, particularly those interested in becoming teachers. MCom is a good option for students who want to work in the commerce and Banking, Financial Services, and Insurance (BFSI) sectors.
- Improved career opportunities
- A good wage
- Many MCom students pursue professional degrees such as CA, CS, or CFA. Because these courses are more difficult to complete, MCom students always have the option of continuing their education or working even if they do not perform well in the professional courses.
- Develop your leadership, management, entrepreneurial, and interpersonal skills.
- MCom is a good choice for students who want to work as a Financial Manager or Auditor.
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:
- A minimum of 50% aggregate in BCom or BCom (Honours), or equivalent, from a recognised university, is required.
- Some universities also admit students who have completed Economics (H), BBA, BFIA, and BBE with a minimum aggregate or equivalent score of 60%.
- Students from the reserved categories are eligible for a 5% grade reduction.
- State universities also provide home-state students with grade reductions.
- 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 a 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 prerequisites for admission to a particular university, you must visit the official university’s website.
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 of 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 |
Must Read: MCom Syllabus
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:
- Economics
- Accountancy
- Finance
- Banking
- Statistics
- Mathematics and Computing
- Taxation
- Marketing
- ECommerce Marketing
- Computer Applications
- Business Management
Must Read: Job Oriented Courses after BCom
Top Universities for MCom
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.
Universities Abroad
- University College London
- Northeastern University
- University of Essex
- University of South Wales
- The University of Western Australia
- University of Melbourne
- University of Queensland
- Dublin City University
- University of Sydney
- Curtin University of Technology
Colleges in India
- Sri Ram College of Commerce, Delhi
- Symbiosis College of Arts and Commerce, Pune
- Narsee Monjee College of Commerce and Economics, Mumbai
- Christ College, Bangalore
- Loyola College, Chennai
- Hindu College
- Madras University
- Mithibai College of Arts
- Osmania University
- 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-travelled career in Commerce and take up Investment Banking or become Insurance Underwriter, Tax Policy Analyst, or Asset Manager. (drhagmeyer) Some of the popular job profiles deemed highly respected in this arena with their salary structure:
| Master of Commerce Jobs | Average Salary |
| Accountant | INR 2,50,000 – INR 4,50,000 LPA |
| Business Analyst | INR 6,00,000 – INR 9,75,000 LPA |
| Stock Broker | INR 7,00,000 – INR 10,00,000 LPA |
| Audit Officer | INR 4,50,000 – INR 7,50,000 LPA |
| Banker | INR 7,00,000 – INR 15,00,000 LPA |
| Finance Manager | INR 8,50,000 – INR 17,00,000 LPA |
| Lecturer | INR 4,60,000 – INR 6,00,000 LPA |
| Finance Consultant | INR 5,60,000 – INR 20,00,000 LPA |
| School Teacher | INR 3,00,000 – INR 6,00,000 LPA |
| Finance Analyst | INR 8,00,000 – INR 16,00,000 LPA |
| Marketing Manager | INR 4,60,000 – INR 8,00,000 LPA |
| Operations Manager | INR 7,60,000 – INR 18,00,000 LPA |
| Investment Banker | INR 10,60,000 – INR 50,00,000 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
Must Read: How to Become a Bank Manager?
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] 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:
Must Read: 15 Highest Salary Jobs for Commerce Students
FAQs
Is M.Com better than MBA?
MBA and MCom graduates work in a wide range of fields. MBA graduates, on the other hand, are preferred for managerial roles in corporations, whereas MCom is a better course for finding job opportunities in core finance and accounting.
M.Com subjects are classified into five broad categories: commerce, accounting, marketing, economics, and finance. M.Com students can also choose from a variety of specialisations and electives. Students pursuing an M.Com degree study E-Commerce, Finance Management, and Banking Laws and Theories.
M Com is a two-year postgraduate degree programme that can be pursued by students with a Bachelor of Commerce degree or another relevant Bachelor’s degree from an institution of higher learning.
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!
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, purchases, 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, and 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.
Why pursue MCom Course?
MCom courses are in high demand among students due to the financial benefits they provide. BCom graduates can pursue an MCom degree to advance their careers. Here are some of the benefits of pursuing an MCom degree:
- A stepping stone in the careers of students, particularly those interested in becoming teachers. MCom is a good option for students who want to work in the commerce and Banking, Financial Services, and Insurance (BFSI) sectors.
- Improved career opportunities
- A good wage
- Many MCom students pursue professional degrees such as CA, CS, or CFA. Because these courses are more difficult to complete, MCom students always have the option of continuing their education or working even if they do not perform well in the professional courses.
- Develop your leadership, management, entrepreneurial, and interpersonal skills.
- MCom is a good choice for students who want to work as a Financial Manager or Auditor.
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:
- A minimum of 50% aggregate in BCom or BCom (Honours), or equivalent, from a recognised university, is required.
- Some universities also admit students who have completed Economics (H), BBA, BFIA, and BBE with a minimum aggregate or equivalent score of 60%.
- Students from the reserved categories are eligible for a 5% grade reduction.
- State universities also provide home-state students with grade reductions.
- 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 a 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 prerequisites for admission to a particular university, you must visit the official university’s website.
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 of 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 |
Must Read: MCom Syllabus
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:
- Economics
- Accountancy
- Finance
- Banking
- Statistics
- Mathematics and Computing
- Taxation
- Marketing
- ECommerce Marketing
- Computer Applications
- Business Management
Must Read: Job Oriented Courses after BCom
Top Universities for MCom
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.
Universities Abroad
- University College London
- Northeastern University
- University of Essex
- University of South Wales
- The University of Western Australia
- University of Melbourne
- University of Queensland
- Dublin City University
- University of Sydney
- Curtin University of Technology
Colleges in India
- Sri Ram College of Commerce, Delhi
- Symbiosis College of Arts and Commerce, Pune
- Narsee Monjee College of Commerce and Economics, Mumbai
- Christ College, Bangalore
- Loyola College, Chennai
- Hindu College
- Madras University
- Mithibai College of Arts
- Osmania University
- 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-travelled career in Commerce and take up Investment Banking or become Insurance Underwriter, Tax Policy Analyst, or Asset Manager. (drhagmeyer) Some of the popular job profiles deemed highly respected in this arena with their salary structure:
| Master of Commerce Jobs | Average Salary |
| Accountant | INR 2,50,000 – INR 4,50,000 LPA |
| Business Analyst | INR 6,00,000 – INR 9,75,000 LPA |
| Stock Broker | INR 7,00,000 – INR 10,00,000 LPA |
| Audit Officer | INR 4,50,000 – INR 7,50,000 LPA |
| Banker | INR 7,00,000 – INR 15,00,000 LPA |
| Finance Manager | INR 8,50,000 – INR 17,00,000 LPA |
| Lecturer | INR 4,60,000 – INR 6,00,000 LPA |
| Finance Consultant | INR 5,60,000 – INR 20,00,000 LPA |
| School Teacher | INR 3,00,000 – INR 6,00,000 LPA |
| Finance Analyst | INR 8,00,000 – INR 16,00,000 LPA |
| Marketing Manager | INR 4,60,000 – INR 8,00,000 LPA |
| Operations Manager | INR 7,60,000 – INR 18,00,000 LPA |
| Investment Banker | INR 10,60,000 – INR 50,00,000 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
Must Read: How to Become a Bank Manager?
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] 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:
Must Read: 15 Highest Salary Jobs for Commerce Students
FAQs
Is M.Com better than MBA?
MBA and MCom graduates work in a wide range of fields. MBA graduates, on the other hand, are preferred for managerial roles in corporations, whereas MCom is a better course for finding job opportunities in core finance and accounting.
M.Com subjects are classified into five broad categories: commerce, accounting, marketing, economics, and finance. M.Com students can also choose from a variety of specialisations and electives. Students pursuing an M.Com degree study E-Commerce, Finance Management, and Banking Laws and Theories.
M Com is a two-year postgraduate degree programme that can be pursued by students with a Bachelor of Commerce degree or another relevant Bachelor’s degree from an institution of higher learning.
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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