M.Com Course: Eligibility, Admission Process, Syllabus & Fee Structure

MCom Course: Master of Commerce (M.Com) is a two-year program that teaches advanced skills in areas like finance, business, and accounting. This course is perfect for students who want to build strong knowledge in managing and analyzing finances. M.Com graduates gain skills that help them understand complex financial concepts, preparing them for careers in finance and business management or for further studies like CA, CS, or CMA.

MCom Course Highlights

A PG degree program in commerce can be pursued by students in all forms of education conventional, online, and distance education. The eligibility criteria for admission to a Master of Commerce postgraduate program, in general, is a BCom or relevant degree.

What is an M.Com Course?

The Master of Commerce or MCom course comprises topics that are related to commerce and the banking sector. The course is ideal for students or learners who want to earn knowledge & job in this sector. Learning these banking and commerce skills at the master’s level can lead to job profiles like an accountant, tax auditor, & more. The costs of this course in India vary from INR 10,000 to INR 25,000. An MCom Course salary in India is estimated to be INR 4,72,913 per year.

There is no difference between the online/distance M.Com course and the regular M.Com course. There is an online/distance M.Com course available to students who wish to learn more about corporate finance but cannot leave their current jobs in order to do so. This course is designed to teach participants how to move forward in their current jobs or how to apply for better positions in different companies in the near future.

What is MCom Full Form?

MCom is also known as Master of Commerce, and It is a Master’s level degree course. After completing the BCom course from a recognized university, students apply for the MCom Course. Every year, thousands of students opt for this course because of the popularity of the program. 

Why Study an MCom Course from IMTS Institute?

When it comes to helping out poor Students, IMTS Institute is Trustworthy and Consistent. The Institute, “which was founded in 2005,” is dedicated to helping the education sector without regard for personal gain. It has Aided and inspired applicants from underprivileged backgrounds to move up the way to the top.

Well, over 45,500 students have received assistance from the institute so far in achieving their Objectives. The fact that the passing rate for the IMTS never dropped below 99 demonstrates how excellent it has been overall. Along with partnerships with some prestigious Universities, the institute has the backing and endorsement of educational authorities.

Apart from that, the institute is also offering student support services. It provides free counselling to students and counsellors are available on working days. Students can call or WhatsApp for their queries related to course admission.

MCom Course Details

Students who want to take admission to the MCom course must meet the eligibility criteria. And there are many things that students will be required to know while applying for this course, such as the course fees, duration, types of MBA courses, and many more. Below, we have mentioned brief details about the course.

• This is the full name of M.Com: Master of Commerce.
• Enrollment in M.Com programs is based on passing an entrance exam or being on a list of people who did well.
• the best M.Com colleges in India are Miranda House, Hindu College, Hansraj College, SRCC, Christ University in Bangalore, Loyola College, and many more.
• The CUET PG, BHU PET, the AU CET, the PU CET, and other top admission tests are used to get into the M.Com courses at the top universities.
• Online, distance, part-time, and full-time options are available for students who want to study for their M.Com. They must also know this.
• Distance learning degrees are meant for working adults and cost INR 10,000 to 25,000.
• Organizational Theory and Behavior, Marketing Management, Managerial Accounting, Economic Analysis, and many other subjects are surrounded by the M.Com Curriculum, also called the MBA.
• It can help students become operation managers, accounting assistants, business analysts, cost accountants, and many other kinds of people.
• The State Bank of India, KPMG, ICRA, HDFC Bank, PWC, and other big companies hire many people.
• People who work in the government or the private sector usually make about INR 4.72 Lacs per year.
• As soon as they finish the program, people can start studying for an MBA or other degrees like a CA, CFA, or even a PhD.

Why Study an MCom Course after Graduation?

M.Com degree studies are in great supply because of the monetary rewards they bring to applicants. M.Com programs are accessible in various formats, and the extensive specialties give aspirants the to build out a specialty in a multitude of sectors. The key benefits that a student will receive upon the end of the training are:

The MCom Course will lead to improved job opportunities in the long term. For instance, Today’s finance industry is predicted to rise to USD 1 trillion before 2025, creating job prospects for M.Com students. Over the coming 8 to 10 years, the Banking and Financial Service Industry (BFSI) that employs M.Com students will create approximately 8 million employees.

Many applicants who want to educate as a career, particularly in economics, are strongly motivated to pursue an M.Com concentration in their master’s level test. The M.Com program is required for subsequent Doctoral degrees and acts as a prerequisite.

It allows youngsters to interact with their peers and elders, instructors, and recent graduates. The fundamental goal of networking is to create testimonials for potential employment.

Applicants with an M.Com degree can sit for rigorous tests such as the public administration test or examinations connected to accounting and finance needs such as taxable income, Audit, or customs agencies.

In addition to account assistants, cost accountants, and investment bankers, M.Com graduates are hired in a variety of professions. M.Com fees in the country typically range from INR 10,000 to INR 25,000 per year, with a typical income of INR 4.72 lacs per year. In this way, the applicants can easily repay their expenditures. There is a wide range of employment opportunities available to M.Com students.

Who Should Pursue the MCom Course? 

• Students interested in the field of commerce must enroll in the M.Com program.
• Applicants interested in a future in the Insurance (BFSI), Financial Services, and banking industry must enroll in the M.Com program.
• Students who desire to seek senior roles in organizations may enroll in M.Com programs.
• Practitioners with undergraduate credentials in commerce may enroll in this online learning program to increase their career opportunities.
• The M.Com Program is suitable for working as a financial manager.
• Applicants who are dissatisfied with their undergraduate courses in a specific stream can select an M.Com discipline based on their own choice.
• Upon completing their degree program, individuals who plan to continue a profession as an accountant might enroll in the M.Com Programme.

When to pursue M.Com?

• Applicants can begin working on the M.Com program shortly after finishing their undergraduate degrees.
• Students might take this course after acquiring certain relevant experiences to increase overall professional prospects.
• Working expert people can take this training program to advance their careers or improve their abilities.

What are the Benefits MCom Course?

Master of Commerce courses are in high demand among graduates as they provide financial knowledge that is applicable in corporate and day-to-day life. Graduates from this course have abundant employment opportunities as a nation’s economy is built on its finance system. Students after completing the MCom course can attempt to clear CA and CFA which will secure them high-paying jobs in the public and private sectors. 

MCom graduates can further opt for doctoral programs if they wish to increase their knowledge in the field of commerce and it will further help in increasing employment opportunities in the education sector. The curriculum helps in developing managerial skills, handling finance, and further making strategies helpful positive growth of a company.

Modes of M.Com Course

M.Com Course is among India’s leading degree programs. The master’s in commerce program provides options for a variety of specialties and numerous versions of the degree that applicants may follow based on availability, skill, and qualification. The many forms of M.Com programs are explained further below.

Full-Time MCom Course

• The M.Com Full-Time classes are designed for two years. The most common version of the M.Com program in India is the entire M.Com program.
• Entry to M.Com programs is based on an admission exam or merit.
• Christ University Hindu College and the University of Calcutta are among the best universities that provide M.Com programs.
• Accounting, statistics, BM, financial management, and other topics are covered in the M.Com Specialization.

Part-Time M.Com Course

• Part-time M.Com facilities are offered for two years.
• Programs are accessible from various institutions, including ICFAI Dimapur, Nalanda Open University, and Birla Global University.
• The typical fee ranges from INR 3,400 to INR 15,000.
• Admissions are based upon the principle of a merit list compiled from the scores received in undergraduate studies.

Online M.Com Course

• Online M.Com studies are preferred for working adults and applicants who cannot join conventional classrooms.
• Before enrolling in a distant academic program, applicants must ensure that the programs have been approved by the Distance Education Board and the University Grants Commission.
• Annamalai University, Lovely Professional University, Karnataka State Open University, IGNOU, and others offer the programs.
• The typical fee for this program varies from INR 5,000 to INR 22,000. The mean tenure of the program is two to five years.

M.Com Course Admission 2024

The postgraduate program for Master of Commerce (MCom) admission is currently going on. The distance, regular, and online universities or institutions, including IMTS Institute, NILM University, Subharti Univesity, Mangalayatan University, etc., are conducting admissions for the 2024 session to MCom postgraduate degree programs. 31 October 2024 is the last date for MCom course admission at the IMTS Institute for the 2024 academic session.

The registration amount is necessary for students when it comes to turning in applications for admission to the MCom degree program. The registration fees at various universities for the MCom degree program range from 350 Indian rupees to INR 1500.

Regular universities mostly prefer to use entrance examinations to shortlist candidates for admission compared to online and distance education modes. The basic eligibility criteria for admission to the MCom PG program is a BCom or relevant degree.

The admissions process at the above-mentioned MCom-oriented universities is generally followed online. To learn more about the admissions procedures at these universities, read the sections that follow.

M.Com Course Admission Process 2024

• The scores necessary for the various M.Com concentrations differ depending on the college/university. Nevertheless, the fundamentals stay the very same. The admissions procedures are clear and easy to understand, and it is given as:
• Entrance to M.Com programs is based on talent or a written test. There are various entrance exams at regional, country, and institute levels for M.Com admissions.
• One should either qualify for the admission test or perform well in your UG degree. 
• Age limits are not provided, but some institutes may include them in their criteria.

MCom Course Eligibility Criteria

To be considered for admission to the MCom program, applicants must meet the eligibility requirements. The following points will help students better understand the Master of Commerce degree eligibility criteria.

• The following are the primary criteria for pursuing an M.Com:
• Applicants must have a least a 35 percent average in B.Com Hons, B.Com, or any degree in a related discipline from a university.
• Many colleges also accept individuals who’ve already obtained a UG degree in Statistics and Economics, BBE, BBS, or BFIA, 
• from a reputed institute with an average result of 60 percent or comparable.
• Candidates from the Scheduled caste are eligible for a 5% score reduction in public institutions.
• The M.Com program has no age restriction for entry.

MCom Course Entrance Exams 2024

The leading admissions examinations for M.Com enrolment in India are as follows:

• CUET: UGC has declared to conduct admissions in 45 central universities and some private universities based on the Common University Entrance Test (CUET 2024). The Central University of Rajasthan (CURAJ), DU, JNU, and many other universities will take admission to its PG courses including the M.Com Course based on entrance test results.
  
• PU CET: It is a provincial standardized test administered by the University Of Punjab, Chandigarh, for students entering its many postgraduate programs and courses in subjects such as science, commerce, and management. Each year the exam is conducted offline in May or June.
• IPU CET: Master of Commerce or MCom course at Guru Gobind Singh Indraprastha University is offered to students based on the performance of IPU CET 2024. The University conducts the Common Entrance Test every year in July.
• AUCET: It is a standardized test for people who want to go to Andhra University, Visakhapatnam, and get a master’s degree. Andhra University and Dr. BR Ambedkar University, Srikakulam, are linked to each other. There are usually paper-based tests in May and June every year.
• BHU PET: The exam is an academic level test that is taken by people all over India to get into PG programs like M.Com. It is run by the Banaras Hindu University (BHU). Hundreds of students in India take this test every year in the hope of getting into this prestigious and well-known university.

M.Com Entrance Exam Syllabus

The syllabus for most of the M.Com entrance exams is also similar in most cases. It is mainly made of quantitatively based topics. All the questions in the entrance exam are MCQs based on quantitative questions. There are almost 150 questions on which the paper is composed. In most cases, a negative mark is applicable, and one mark is deducted for the negative answer.

MCom Course Specializations

The MCom two-year postgraduate degree program is accessible via online, distance, or conventional modes of education. Each mode of MCom has several types, including accounting, business management, finance, banking, taxation, etc. Some of the MCom types or specializations are discussed below.

• MCom in Marketing
• MCom in Statistics
• MCom in Computer Application
• MCom in E-Commerce
• MCom in Banking
• MCom in Economics
• MCom in Business Management
• MCom in Finance
• MCom in Mathematics
• MCom in Banking and Finance
• MCom in Accounting
• MCom in Taxation
• MCom in Accounting & Finance

MCom in Accounting:

MCom in Accounting holds a duration of two-year (four-semester), and it is designed to offer education on management of cost accounting, strategic financial management, income tax law, and practices, institutional accounting, and so on. The course is available at KPB Hinduja College of Commerce, KES Shroff College, Sharda University, etc. The fee for the MCom in Accounting program is seen from INR 10,000 to 60,000 Indian rupees per year.

MCom in Banking:

The banking-oriented advanced degree program of MCom focuses on teaching financial accounting, insurance principles, business statistics, financial mathematics, and more. 

The postgraduate program in Banking can be studied at Manipal, Madurai Kamaraj University, Mohanlal Sukhadia University, etc. The fee for the MCom in Banking generally rover from 11,200 Indian rupees to 64,000 Indian rupees at UGC-approved universities.

MCom Course Distance Education

M.Com Distance Learning is among the best rewarding options provided to learners who cannot continue their careers traditionally. When enrolling in an M.Com Online Learning program, applicants must determine if the curriculum is authorized by the Distance Education Board (DEB) and the University Grants Commission (UGC).

Distance MCom Course Admission

• A student must usually have completed their degree with a minimum grade of 50% to qualify for entry to the MCom course online mode.
• Most of the best universities/colleges admit students based on their grade point average.
• The application forms are typically submitted electronically, but institutions can also submit all required documents in person, such as mark sheets, degrees, and scores.

MCom Course Syllabus

An M.Com is a 2-year long duration course broken up into four terms. The subjects of different M.Com specialties were also different. The MCom course curriculum covers a wide range of subjects, but students from all majors take the same M.Com classes in the first year of the course.

Those who want to specialize in their second year must choose a group of optional courses from the Master of Commerce program that they can take. In some cases, people who want to work as an apprentice have to pass assignments in their last year of college. Business Environment, Marketing Behavior, Statistical Analysis, E-Commerce, Accounting, and Managerial Decisions are the most common topics.

MCom Course Subjects

The following are the major subjects in the MCom course that a student has to pursue after enrolling in this course.

MCom Course Compulsory Subjects

Top MCom Colleges in Delhi

There are 167 MCom colleges in Delhi NCR, some of these are govt while others are private. The Fee range for this programme ranges between INR 13,500 to 58, 000 per year. Below are the best colleges available for MCom courses in Delhi:

• Miranda House
• Shrim Ram College of Commerce (SRCC)
• Lady Shri Ram College for Women
• Ramjas College
• Hindu College
• Hansraj College
• Jamia Millia Islamia
• Shaheed Bhagat Singh College
• Kirori Mal College

Top MCom Colleges in UP

In UP, various colleges offer M.Com courses for a nominal fee. Usually, Admission to BCom courses at UP College took place in July. Most of the students prefer to apply in below the mentioned top colleges:

• Lucknow University
• DAV College
• Aligarh Muslim University
• Amity University
• Chaudhary Charan Singh University
• National Post Graduate College
• Banaras Hindu University

Scope of MCom Course

Students who apply for admission in the MCom course will get a chance to look for a bright future in the field of commerce as it is a course that offers a wide variety of career opportunities for students after they graduate. There has been a gradual increase in the demand for professionals with detailed knowledge in the field of commerce with every passing day and year.

A student who has completed an MCom course can go for PhD in MCom specializations to become a professor. They can also start preparation for government jobs. There are some decent posts like Assistant Audit Officer, Assistant Accounts Officer, Assistant Section Officer, Inspector of Income Tax, Assistant Enforcement Officer, etc.

MCom Course Job Opportunities

Graduates with MCom courses have employment opportunities in diverse industries such as accounting, finance, auditing, etc. They can secure jobs in the private and public sectors with job profiles like Stock Broker, Business Analyst, Accounts Assistant, Auditor, etc. The salary in this field is around INR 2.90 Lacs annually but with experience and skills it can go up to INR 4.72 Lacs annually. 

Financial Analyst: they work in financial and non-financial industries such as insurance companies, banks, etc. They are responsible for making financial decisions in the company and maximizing profits. The average annual salary in this profession is INR 4.72 lacs. 

Account Administrator: they are responsible for reviewing and reconciling accounts, maintaining records, creating invoices, and ensuring proper bookkeeping. 

Recruitment Areas

There are various fields where MCom degree holders recruit with a good salary package some of them are given below:

• Account Assistant
• Finance Executive
• Risk Analyst
• Market Analyst
• Bank Accountant
• Finance Consultant

FAQs of MCom Course

Ques 1: Is there a future for M.Com students?

Ans: There are many career options available to graduates with an MCom course such as auditors, business analysts, company secretaries, consultants, tax accountants, finance officers, stock brokers, sales analysts, and economists.

Ques 2: How valuable is an M.Com degree?

Ans: Although the MCom course is less expensive than the MBA, the M.Com is more valuable for commerce students since it guarantees you a high-paying job after graduation.

Ques 3: What is the salary of M.Com in India?

Ans: The average salary for the MCom course is INR 4.72 LPA in India.

Ques 4: After MCom which course is best?

Answer: After completing an MCom course some of the best courses that a student can pursue are CA, CS, CFA, ACCA, CMA,  PhD, and research work.

Ques 5: Who is eligible for MCom degree admission?

Ans: BSc or any equivalent degree holder is eligible to pursue a master of commerce from a well-known university with a 50 percent score.

Ques 6: Which MCom specialization is best?

Ans: All specializations are good in MCom courses. however,  students prefer to pursue Management, Accounting, and Finance.

Q Is M.Com Course better than an MBA?

Ans It depends on various factors, such as interest, scope, salary, and most important, student. If someone wants to make their career in commerce field and wants to learn about Finance, Accounting, or taxation. Then Master’s of Commerce (MCom) is the best course for them.

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