M.Com full form is Master of Commerce. M.Com is a 2-year PG course focused on providing students with a deeper understanding of various aspects of Commerce and Business Administration. The M.Com curriculum often includes coursework, research projects, and sometimes internships.
M.Com typically delves deeper into subjects such as Accounting, Economics, Finance, Marketing, Management, and other related areas, building upon the foundation laid during undergraduate studies in Commerce or a related field.
To be eligible for M.Com, candidates must make sure to have passed B.Com or B.Com Class 12 with a minimum of 50% scores. Admission to M.Com is based on entrance exams such as CPGET, CUET PG, AP PGCET, MAH CET, URAT PG, etc. The M.Com fees range between INR 50,000 and INR 60,000. Popular colleges that offer M.Com are Christ University, Hansraj College, St. Xavier\’s College Kolkata, BHU, etc.
Once graduated with an MCom, candidates can opt for job profiles such as Accountants, Finance Executives, Business Analysts, Share Brokers, Chartered Accountants, etc. A graduate of an MCom course can earn an average salary of up to INR 4 LPA.
M.Com Eligibility Criteria
M.Com is a well-known course among students. 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 programs. Interviews are also conducted at some universities.
Mentioned below are the general eligibility criteria for pursuing M Com:
- The candidate must have secured a minimum of 50% aggregate in B.Com or B.Com (Honours), or equivalent from a recognized 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.
Types of M.Com
M.Com courses can vary depending on the institution offering them. Therefore, prospective students need to research and choose the M.Com courses that best aligns with their career goals and interests.
Here are some common types:
MCom Course Types Details Full-time M.Com - Full-time M.Com courses typically span two years and are widely favoured in India.
- Admittance to M.Com courses is determined through either merit-based selection or entrance examinations.
Part-Time M.Com - These programs are designed for working professionals who want to pursue further education while continuing to work.
- They often offer evening or weekend classes to accommodate students\’ work schedules.
Distance M.Com - Distance M.Com courses are favoured by individuals who are employed or unable to attend regular classes.
- Before enrolling in a distance education course, candidates should ensure that the programs are accredited by the Distance Education Board and UGC.
M.Com Career Scope: Job Profiles, Salary and Top Recruiters
After completing M.Com course, 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 course holders in the private, public, and government sectors. Nationalized banks, Railways, Income Tax, and other government departments are good options for M.Com degree holders to aim for a secure and prosperous career.
M.Com Salary in India
People who have completed the M.Com course can find work in both the business and public sectors. The salary paid varies by field and is determined by the recruiters\’ 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.
Some of the top job profiles for M.Com course holders are:
MCom Job Profiles Description Average Salary Accountant/Senior Accountant An accountant is responsible for overseeing financial records, preparing reports, and ensuring compliance with regulatory standards for a company or organization. INR 2.5 LPA Finance Executive A finance executive typically holds a senior position within a company\’s finance department, overseeing various financial activities and strategies. INR 4.15 LPA Chartered Accountant A Chartered Accountant is typically involved in providing financial advice, auditing financial records, and ensuring compliance with tax laws and regulations. INR 8 LPA Bank Manager A bank manager oversees the operations of a bank branch, managing staff, ensuring customer satisfaction, and implementing strategies to meet financial targets while adhering to regulatory requirements. INR 7.9 LPA Business Analyst A business analyst analyzes an organization\’s business processes, identifies areas for improvement, and develops solutions to enhance efficiency, productivity, and profitability. INR 6 LPA Share Broker A share broker facilitates the buying and selling of securities, such as stocks, bonds, and mutual funds, on behalf of clients, providing investment advice and executing trades on various financial markets. INR 4 LPA Wealth Manager A wealth manager provides comprehensive financial planning and investment management services to high-net-worth individuals or families. INR 7.2 LPA Finance Manager A finance manager is responsible for overseeing the financial health of an organization by managing financial reporting, budgeting, forecasting, and strategic financial planning. INR 9.8 LPA MCom Top Recruiters
Every business organisation, whether it is an international conglomerate or an NGO, requires commerce graduates in various capacities to run their finance and accounting departments.
Businesses are developing globally as a result of the adoption of cutting-edge technologies. Many businesses and organisations today are looking for specialized and skilled marketers to help them increase profits in a smart approach.
Banks and auditing firms hire M.Com degree holders in a large capacity. Top recruiters include banks, multinational companies, finance firms and auditing agencies.
MCom Top Recruiters SBI Punjab National Bank ICICI Bank Citibank HDFC Pricewaterhouse Cooper RBS Deloitte IndusInd Bank KPMG Ernest & Young TFC