MCom – Master of Commerce MCom, short for Master of Commerce, is a postgraduate degree program that focuses on advanced […]
MCom, short for Master of Commerce, is a postgraduate degree program that focuses on advanced commerce-related topics such as accounting, economics, finance, management, and business studies. The program is designed to provide students with a deeper understanding of theoretical and practical aspects of business and commerce and equip them with specialized knowledge and skills in the field.
The MCom program usually spans over two years, is divided into four semesters, and is offered by various universities and colleges across India. The course curriculum covers a range of topics such as financial accounting, business management, corporate law, marketing, economics, taxation, auditing, and financial analysis, among others. The program provides students with an opportunity to specialize in a particular area of commerce and business, enabling them to pursue a career in their chosen field.
After completing an MCom degree, students can pursue various career options such as working in accounting firms, financial institutions, corporate houses, government organizations, and educational institutions. MCom graduates can also go on to pursue further studies such as Ph.D., MBA, or specialized certifications such as CA, CPA, or CMA to enhance their career prospects.
| Key Feature | Description |
|---|---|
| Course Level | Postgraduate |
| Course Duration | 2 years |
| Eligibility | Completion of a Bachelor’s degree in Commerce or a related field |
| Specializations | Accounting, Finance, Marketing, Management, Economics, Taxation |
| Curriculum | Advanced studies in Commerce, Business, Economics, and related fields |
| Career Opportunities | Accounting, Finance, Marketing, Management, Banking, Consulting, Government, Academia |
| Skills Developed | Analytical and critical thinking, Problem-solving, Communication, Leadership, Time management |
| Entrance Exams | Some universities require entrance exams such as CAT, MAT, GRE, or others |
| Admission Process | Application form, supporting documents, entrance exams (if required), group discussion or personal interview (if required) |
| Fees | Varies by institution and location |
| Scholarships | Available for eligible students based on academic merit, financial need, and other criteria |
| Further Studies | Doctor of Philosophy (Ph.D.) in Commerce, Business Administration, or related fields |
MCom Distance Education is a popular choice among students who want to pursue higher education in commerce and business but are unable to attend traditional, full-time classes due to various reasons such as work commitments, personal responsibilities, or geographical limitations.
Here are some reasons why students opt for MCom Distance Education:
Most students opt to pursue a Master of Commerce degree immediately after completing their undergraduate degree. However, there is no specific age or time limit for pursuing an MCom degree.
Here are some factors that students should consider when deciding when to pursue an MCom degree:
The admission process for an M.Com, or Master of Commerce, may vary depending on the university or institution offering the program. However, here are some common steps that students need to follow to apply for admission to an MCom program:
The eligibility criteria for M.Com, or Master of Commerce, may vary depending on the institution or university offering the program. However, here are some general eligibility criteria that most universities and institutions follow:
| Entrance Exam | Conducting Authority | Exam Duration | Exam Format | Subjects Covered |
|---|---|---|---|---|
| CAT | Indian Institutes of Management (IIM) | 3 hours | Multiple Choice Questions (MCQs) | Verbal Ability, Reading Comprehension, Data Interpretation, Logical Reasoning, Quantitative Ability |
| MAT | All India Management Association (AIMA) | 2.5 hours | MCQs | Language Comprehension, Mathematical Skills, Data Analysis and Sufficiency, Intelligence and Critical Reasoning, Indian and Global Environment |
| XAT | Xavier School of Management (XLRI) | 3.5 hours | MCQs and Essay Writing | Verbal and Logical Ability, Decision Making, Quantitative Ability and Data Interpretation, General Awareness, Essay Writing |
| GMAT | Graduate Management Admission Council (GMAC) | 3.5 hours | MCQs | Analytical Writing Assessment, Integrated Reasoning, Quantitative Reasoning, Verbal Reasoning |
| SNAP | Symbiosis International University (SIU) | 1.5 hours | MCQs | General English, Analytical and Logical Reasoning, Quantitative, Data Interpretation and Data Sufficiency, Current Affairs |
| NMAT | Graduate Management Admission Council (GMAC) | 2 hours | MCQs | Language Skills, Quantitative Skills, Logical Reasoning |
Master of Commerce, is offered in different modes depending on the university or institution offering the program. Here are some of the common types of M.Com courses:
| Parameter | M.Com | MBA |
|---|---|---|
| Full Form | Master of Commerce | Master of Business Administration |
| Course Duration | 2 years | 2 years |
| Course Focus | Commerce and related subjects such as accounting, finance, economics, taxation, and business law | Business management and related subjects such as marketing, operations, human resources, finance, and strategy |
| Eligibility Criteria | Bachelor’s degree in Commerce or a related field | Bachelor’s degree in any field |
| Entrance Exams | Some universities may require entrance exams such as CAT, MAT, or GRE | Common entrance exams such as CAT, XAT, NMAT, or GMAT |
| Course Fee | Relatively lower compared to MBA | Relatively higher compared to MCom |
| Career Opportunities | Accounting, finance, taxation, auditing, banking, financial analysis, research, teaching | Business management, consulting, entrepreneurship, marketing, human resources, operations, project management |
| Average Salary | Depends on the industry and job role, but generally lower compared to MBA | Depends on the industry and job role, but generally higher compared to MCom |
Semester 1 | Semester 3 |
| Accounting for Managerial Decisions | Advanced Financial Management |
| Advanced Corporate Accounting | International Business |
| Business Statistics and Analytics | Business Research Methods |
| Managerial Economics | Elective Paper 1 |
| Financial Markets and Institutions | Elective Paper 2 |
Semester 2 | Semester 4 |
| Cost Accounting | Strategic Management |
| Direct and Indirect Taxation | Corporate Governance and Business Ethics |
| Financial Management | Elective Paper 3 |
| Entrepreneurship and Small Business Management | Elective Paper 4 |
| Elective Paper 1 | Elective Paper 5 |
| Elective Paper 2 | Elective Paper 6 |
The elective papers may vary depending on the institution and specialization chosen. Some of the popular elective papers in M.Com include:
| 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 |
| MCom Accounting and Finance | MCom Computer Application |
| MCom Taxation | MCom Marketing |
| MCom Banking and Finance | MCom Business Management |
| MCom Business Administration | MCom Financial Management |
| MCom E-Commerce | MCom Finance and Control |
| MCom Statistics | MCom Accountancy |
| MCom Economics | MCom Banking |
| College Name | Location | Course Fee (Approx.) |
|---|---|---|
| St. Xavier’s College | Mumbai, Maharashtra | INR 40,000 – 50,000 per year |
| Christ University | Bangalore, Karnataka | INR 1,20,000 – 1,30,000 per year |
| Lady Shri Ram College for Women | New Delhi | INR 40,000 – 50,000 per year |
| Loyola College | Chennai, Tamil Nadu | INR 20,000 – 25,000 per year |
| Narsee Monjee Institute of Management Studies (NMIMS) | Mumbai, Maharashtra | INR 1,00,000 – 1,50,000 per year |
| Delhi School of Economics | New Delhi | INR 20,000 – 25,000 per year |
| Symbiosis School of Economics | Pune, Maharashtra | INR 1,00,000 – 1,20,000 per year |
| Shri Ram College of Commerce | New Delhi | INR 20,000 – 25,000 per year |
| Hindu College | New Delhi | INR 20,000 – 25,000 per year |
| Fergusson College | Pune, Maharashtra | INR 10,000 – 15,000 per year |
| Job Profile | Average Package |
| Account Assistant | INR 2.20 LPA |
| Cost Accountant | INR 5.16 LPA |
| Business Consultant | INR 9.86 LPA |
| Investment Banker | INR 9.4 LPA |
| Marketing Manager | INR 7.17 LPA |
| Operations Manager | INR 7.8 LPA |
| Finance Consultant | INR 3.6 LPA |
| Stock Broker | INR 3.50 LPA |
| Assistant Professor | As per Govt. Standards |
| Top Companies | Average Salary |
| HDFC Bank | INR 350,000 |
| KPMG | INR 390,000 |
| Amazon | INR 820,000 |
| PwC | INR 5,50,000 |
| SBI | INR 331,000 |
| Punjab National Bank | INR 890,000 |
| Deloitte | INR 807,040 |
| Grant Thornton | INR 970,000 |
| IndusInd Bank | INR 3,66,818 |
| ICICI Bank | INR 465,772 |
| Ernst & Young | INR 500,000 |
| Lodha & Co. | INR 428,000 |
M.Com graduates have various options for further studies, depending on their interests, career goals, and educational background. Here are some of the popular options:
What is an online MCom course?
An online MCom course refers to a Master’s in Commerce program that can be pursued remotely through online learning platforms. It allows students to earn a postgraduate degree in commerce without attending traditional brick-and-mortar classes.
How does an online MCom course work?
Online MCom courses typically consist of pre-recorded lectures, reading materials, assignments, and assessments that students can access through a dedicated online learning platform. Students can study at their own pace and interact with instructors and peers through virtual discussions, email, or online forums.
What are the benefits of pursuing an online MCom course?
Some benefits of pursuing an online MCom course include flexibility in terms of a study schedule, the ability to study from anywhere with an internet connection, cost savings (no commuting or accommodation expenses), and the opportunity to balance studies with work or personal commitments.
What are the admission requirements for an online MCom course?
Admission requirements vary depending on the institution offering the course. Generally, applicants are required to have a bachelor’s degree in a relevant field, such as commerce, business administration, or economics. Some institutions may also consider work experience and require standardized test scores or a statement of purpose.
How long does it take to complete an online MCom course?
The duration of an online MCom course typically ranges from one to two years, depending on the program and the student’s study pace. Some institutions may offer accelerated or part-time options, allowing students to customize their study duration.
Can I specialize in a specific area of commerce during an online MCom course?
Yes, many online MCom courses offer specializations or elective courses that allow students to focus on specific areas of commerce. Common specializations include accounting, finance, marketing, international business, human resource management, and entrepreneurship.
What career opportunities are available after completing an online MCom course?
Graduates of an online MCom course can pursue various career paths in commerce, such as financial analyst, accountant, tax consultant, marketing manager, business consultant, financial planner, or corporate strategist. The specific career opportunities depend on the specialization and individual interests.
Is an online MCom degree considered equivalent to a traditional on-campus degree?
Yes, an online MCom degree from an accredited institution is generally considered equivalent to a traditional on-campus degree. Employers and academic institutions typically recognize and value online degrees that meet the same academic standards as their on-campus counterparts.
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