The Master of Commerce (M.Com) is a postgraduate degree that focuses on commerce, accounting, management, and economics. This two-year course is designed for candidates who wish to pursue a career in accounting, banking, investment, financial service, economics, and marketing. Students should know about economics, and business to pursue this two-year programme.
Aspiring individuals looking to pursue advanced studies and careers in commerce, accountancy, banking, finance, and insurance typically opt for either M.Com or MBA at the postgraduate level.
The M.Com degree is versatile and allows students to work in almost all sectors of the economy. It is particularly popular among aspirants who wish to pursue a career as a teacher or lecturer. For this, candidates usually enrol in PhD courses after the completion of the M.Com course.
Admission to the M.Com program is based on the merit or entrance examination. Candidates who have completed their graduation from a commerce background (B.Com, B.Com Honors) with a minimum score of 50% are eligible to apply. The cost of pursuing an M.Com course in India ranges between INR 5,000 – INR 140,000.
The M.Com degree opens up career opportunities in the corporate and finance sectors, offering specialisations in accounting, taxation, finance, and human resource management. It is considered an entry point for professions like chartered accountancy, company secretary, cost and work accountancy, and insurance and banking services.
The M.Com curriculum covers a wide range of subjects related to commerce, business, finance, and economics.
Common subjects include:-
- Financial Accounting
- Managerial Economics
- Business Statistics
- Corporate Finance
- Marketing Management
- Human Resource Management
- Business Ethics
- Taxation.
M.Com (Master of Commerce) Overview
| Particulars | Details |
| Course Full Name | Master of Commerce |
| Degree | Post Graduation |
| Duration | 2 Years |
| Entrance Exams | SAT, CUET, DUET, AMU Entrance Exams etc. |
| Eligibility | Minimum 50 per cent marks in B.Com, B.Com (Honors), or equivalent from a recognised university. |
| Specialisations | Accounting, Economics, Statistics, Finance, Business Management etc. |
| Fees | INR 50K to 60 K |
| Average Salary | INR 4 LPA |
| Job Profiles | Accountant, Finance Executive, Business Analyst, Share Broker, Chartered Accountant etc. |
| Top Recruiters | HDFC, ICICI Bank, Ernest & Young, Deloitte, KPMG and so on. |
Why Choose the M.Com Course?
Choosing to pursue a Master of Commerce (M.Com) course can offer several advantages, and individuals often opt for this program for various reasons. Here are some common reasons why students choose to pursue an M.Com:
- Specialised Knowledge: M.Com provides in-depth knowledge and understanding of various aspects of commerce, finance, economics, and business management. This specialised knowledge can be valuable in career fields such as accounting, finance, and business.
- Career Advancement: Many career paths in commerce and business require advanced education for career progression. M.Com graduates often have an advantage when it comes to securing promotions and higher-level positions in their respective fields.
- Professional Qualification: M.Com is often seen as a professional qualification that enhances the skills and competencies of individuals in areas like financial analysis, taxation, and accounting. This qualification can make individuals more marketable in the job market.
- Research Opportunities: M.Com programs typically include research projects or dissertations, allowing students to develop strong research and analytical skills. This can be beneficial for those considering a career in academia or research-oriented roles.
- Networking Opportunities: Being part of a master’s program provides students with opportunities to network with professors, industry professionals, and fellow students. Networking can be crucial for future career opportunities, collaborations, and staying informed about industry trends.
- Career Diversification: M.Com graduates are equipped with a broad skill set, making it possible to pursue careers in various fields such as banking, finance, accounting, consultancy, and academia. This flexibility can be advantageous in a dynamic job market.
- Global Perspective: Many M.Com programs incorporate a global perspective, preparing students for the challenges and opportunities of the global business environment. This is particularly important in a world where businesses are interconnected across borders.
- Entrepreneurship: For those interested in entrepreneurship, an M.Com program can provide the necessary skills and knowledge to manage the financial aspects of a business, make informed decisions, and navigate the complexities of the business world.
- Professional Recognition: Some professional certifications in areas like accounting and finance may require or give preference to candidates with a master’s degree. M.Com can be a stepping stone towards obtaining these certifications.
- Personal Development: Beyond academic and professional benefits, pursuing a master’s degree is often a journey of personal development. It challenges individuals to think critically, manage time effectively, and overcome academic and professional obstacles.
Admission and Eligibility Criteria
Candidates must obtain a minimum qualifying mark at the bachelor’s degree level to be admitted to M.Com. The eligibility criteria for M.Com may differ from one college to another in terms of the total aggregate.
M.Com Admission is based on the results of the B.Com degree course and the availability of seats. Admission to the M.Com course is generally done on a direct entry basis. Various universities have entrance examinations for admission to M.Com programmes. Interviews are also conducted at some universities.
Mentioned below are the general eligibility criteria for pursuing the M.Com course:
- The candidate must have secured a minimum of 50% aggregate in B.Com or B.Com (Honors), or equivalent from a recognised university.
- Some universities also induct students who have completed Economics (H), BBA, BFIA and BBE with a minimum score of a minimum of 60% aggregate or equivalent.
- Reserved category students are entitled to marks relaxation of up to 5 per cent.
- State-level universities also offer mark relaxation to home-state students.
Top 10 M.Com Colleges in India
Many colleges and educational institutions in India provide M.Com degrees. These colleges’ and universities’ admission processes are based on merit as well as the entrance exam administered by the various colleges.
M.Com degrees are available from the colleges and universities listed below. Students need to shortlist colleges as per their suitability and then prepare for the admission process accordingly.
Please note that the table lists the colleges alphabetically and does not follow any ranking hierarchy.
Top Private Colleges for M.Com
The students should also be aware of the seat intake so that it gives them an idea of selection chances. Candidates can read below to know some of the prestigious private institutes that offer M.Com courses along with their fees:
| Name of College | 1st Year Fees (in INR) |
| Amity University, Noida | INR 2 lakh |
| Christ University, Bangalore | INR 2 lakh |
| Chanakya University | INR 1.9 lakh |
| Kristu Jayanti College, Bangalore | INR 1.7 lakh |
| K R Mangalam University, Gurgaon | INR 2 lakh |
| Lovely Professional University, Jalandhar | INR 3.2 lakh |
| Loyola College, Chennai | INR 50,000 |
| Narsee Monjee College of Commerce & Economics, Mumbai | INR 42,000 to 1.6 lakh |
| Presidency College, Bangalore | INR 2.6 lakh |
| St. Joseph’s College of Commerce, Bangalore | INR 1.89 lakh |
Top Government Colleges for M.Com
The fees of government colleges are less as compared to private institutes. Hence, students can think of pursuing an M.Com from government colleges.
Some renowned government colleges, where commerce students can pursue M.Com, are listed below.
| Name of College | 1st Year Fees (in INR) |
| Deshbandu College, Delhi | INR 16,000 |
| Hindu College, University of Delhi | INR 16,000 |
| Hansraj College, Delhi | INR 16,000 |
| Indian Institute of Management and Commerce, Hyderabad | INR 67,600 |
| Kishinchand Chellaram College, Mumbai | INR 71,000 |
| MCC – Madras Christian College, Chennai | —- |
| Ramjas College, Delhi | INR 15,000 |
| Sri Guru Gobind Singh College of Commerce, University of Delhi | —- |
| S.S. Jain Subodh PG College, Jaipur | INR 20,000 |
| SRCC, Delhi | INR 30,000 |
M.Com Course Standard Syllabus
The M.Com programme aims to equip students with the technical training necessary for a career in the finance industry. The main organising themes of the entire course are financial and business principles.
In this study, while core courses remain the same for all, candidates opting for specialisation have to choose from elective courses. The M.Com programme also includes specialisations, internships, and on-the-job team projects with businesses. Students can select electives based on their preferences and aspirations for their future professional development.
Here is the full list of the M.Com syllabus and topics generally taught in an M.Com over the two years.
| Paper | Topics |
| Organisation Theory and Behaviour | Organisational Theories and Behaviour: Classical, Neo-classical and Contemporary; Authority, Power, Status, Formal and Informal Structure, Flat and Tall structures; Bureaucratisation of Organisations; Organisational Behaviour-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, Behavioural Approaches, Growth Theories, Satisfying Theory, etc.; Relevance of Profit Maximization in the Modern Context; Consumer Behaviour: Determination of Demand; 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 and 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 Framework, Asset Markets, Demand for and Supply of Real Balances and Interest Elasticity, 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 Price Level; Interaction of Aggregate Demand and Aggregate Supply and Determination of Real Income; Shifts in Aggregate Demand and 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 behaviour |
| 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: 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 |
M.Com Course Specialisations
- M.Com covers a wide area for study and research and has many specialisations to offer besides M.Com (General) and M.Com (Honors).
- The students can have a look at the specialisations offered according to their area of interest. The expansion of businesses has highlighted the need for graduates in the taxation, accounting, finance, and marketing sectors.
- Students can choose among these specializations offered by many colleges to acquire detailed knowledge of the subject.
| M.Com Specialisation | Details |
| M.Com (Taxation) | Taxation courses are available at the certification, UG, PG, and Diploma levels. The taxation course might last up to three years. The course aims to provide students with practical and theoretical knowledge of financial accounting, direct taxation, indirect taxation, and auditing. |
| M.Com (Mathematics) | Mathematics is an important academic discipline that is used in a variety of domains such as natural science, engineering, psychology, medicine, and economics. |
| M.Com (Accounting & Finance) | Accounting is a developing field of commerce, and employment opportunities in this field are expanding in response to market demands. |
| M.Com (Banking) | Individuals interested in a profession in banking, finance, or insurance can expect a prosperous and satisfying job. |
| M.Com (Banking and Finance) | A job in this profession necessitates strong analytical and mathematical abilities. A student who wishes to work in the banking industry must either take the required education or pass the applicable competitive exam. |
| M.Com (Marketing) | The domain is concerned with the organisation and assessment of advertising operations. It also covers the principles of personal selling, sales planning, and organisational skills. |
| M.Com (Business Management) | This subject of study teaches students about the formation of a firm or organisation, as well as many functional levels such as production, financial, administrative, human resources, sales and marketing, and others. |
| M.Com (Economics) | Economics teaches students about the numerous elements at work in financial institutions in India and around the world. The transformation we are witnessing today in the country’s economy makes this course more important than ever. |
| M.Com (Accounting) | Accounting is defined as the process of recording and analysing a business organisation’s financial transactions. Accounting is the backbone of any corporate organisation since it is the only method to maintain track of its financial health, which allows stakeholders to make future decisions. |
| M.Com (Statistics) | Statistics is the branch of study that deals with the collection, organisation, analysis, interpretation, and presentation of data sets. Statistics is a subject of economics that is taught in high school as well as through specific degree programmes. |
| M.Com (Finance) | Finance is the study and administration of money and investments. Finance is largely concerned with how individuals, organisations, and governments manage their money and investments. |
| M.Com (E-Commerce) | E-commerce is a fast-expanding job path. Every year, a large number of positions with various characteristics are produced in this area. Given the current state of the digital world, a job in the e-commerce industry is one of the finest employment alternatives for students. |
| M.Com (Computer Application) | The Master of Computer Application is a two-year postgraduate study that goes deeper into specialisations in the field of computer applications. |
Career Options after doing an M.Com Course
After completing an M.Com, a candidate can seek employment in the BFSI sector, opt for a teaching job or lecturer-ship or go for research. There are various job options for M.Com degree holders in the private, public, and government sectors. Banks, Railways, Income Tax, and other government departments are good options for M.Com degree holders for a secure and prosperous career.
People who have completed the M.Com programme can find work in both the business and public sectors. Recruiters determine the salary paid, which varies by field and depends on their skills, qualifications, experience, and other special requirements.
The typical salary package offered to freshers or entry-level employees ranges from INR 2 lakhs per annum to INR 5 LPA. People with a good number of years of experience can expect to earn between INR 6 lakh and INR 8 lakh per annum.
What is the Average Salary of an M.Com Course Graduate?
Some of the top job profiles for M.Com degree holders are:
| M.Com Job Profiles | Average Salary (in INR) |
| Accountant/Senior Accountant | INR 2.5 LPA |
| Finance Executive | INR 4.15 LPA |
| Chartered Accountant | INR 8 LPA |
| Bank Manager | INR 7.9 LPA |
| Business Analyst | INR 6 LPA |
| Share Broker | INR 4 LPA |
| Wealth Manager | INR 7.2 LPA |
| Auditor | INR 4.8 LPA |
| Finance Manager | INR 9.8 LPA |
| Risk Analyst | INR 5.16 LPA |
Banks and auditing firms hire M.Com degree holders in a large capacity. Top recruiters include banks, multinational companies, finance firms and auditing agencies.
| SBI | Punjab National Bank |
| ICICI Bank | Citibank |
| HDFC | Price Waterhouse Cooper |
| RBS | Deloitte |
| IndusInd Bank | KPMG |
| Ernst & Young | TFC |
FAQs
Q1. Can I pursue an M.Com without a background in commerce?
Ideally, individuals with a commerce background generally prefer M.Com programs, but these programs accept students from diverse disciplines. However, a foundational understanding of business or related fields is beneficial. Make sure to check M.Com Course Eligibility to get more detailed information.
Q2. What is better after B.Com, MBA or M.Com?
Choosing between MBA and M.Com depends on your career goals. In-depth knowledge in commerce and finance, suitable for roles like accounting or research, characterizes M.Com. Whereas an MBA is ideal for those seeking leadership roles in diverse industries, emphasising practical skills.
