MCom – Master of Commerce

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? Is understanding corporate matters, sale and purchase, goods and services something you feel excited about? Then, Commerce is the domain that might really 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. 

Understanding MCom as a Degree 

Being one of the most revered courses in the field of commerce, MCom is a postgraduate degree that spans over 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. 

Syllabus for MCom

The key aspect to understanding the suitability and your interest in something is by delving in a deeper sense into understanding what the subject entails. This helps us gaining a sense of orientation so as 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

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 for you to complete certain eligibility conditions which are expected from each and 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 of admission of a particular university, it is imperative that you visit the official university’s website. 

Top Institutions to Pursue MCom 

Masters 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 towards 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 of India offering a course in MCom.

Best International Universities

Top 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 

Career Prospects 

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 an Asset Manager. Beyond these careers, you can also venture in the below-discussed domain. Job Profiles deemed as highly respected in this arena: 

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: 

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 into 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, 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 AdministrationMasters in Marketing ManagementMaster in International Business
MBA in Project ManagementMBA in Retail ManagementMBA in Energy Management
MBA in CommunicationMBA in LogisticsMasters in Journalism
MCA: Master of Computer ApplicationsMasters in Human Resource ManagementMasters in Advertising
Master of FinanceMasters in MarketingMasters in Mass Communication

With the use of 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 specialisation field to choose after graduation? Let our experts at Leverage Edu help you discover the right career!

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