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Master of Commerce (MCom) is a postgraduate study in banking, insurance, finance, economics, and other relevant areas of the commerce business.
Based on the performance in a relevant MCom Entrance Exam, admissions are generally granted to students from a commerce background with a minimum of 40% in their Bachelor's degree.
Almost all colleges and universities adhere to the same criteria and provide the same subjects that the UGC has approved. Each course speciality has a different Mcom syllabus and courses included.
There are mandatory core subjects in the syllabus that are the same for all MCom specialities and elective classes offered by the college that students can choose in their final year to specialise in a specific area of expertise.
Subject assignments, project work, internships, and research work are encouraged in addition to theory classes. Students are given the opportunity to participate in workshops and seminars to further their education.
Master of Commerce is a famous course in India that focuses on Commerce, management, and economics disciplines. The curriculum has a positive reputation in the market and has met the demands of business and industry executives for many years. It is a step up from a Bachelor's degree in Commerce. It aids in developing in-depth knowledge of numerous commerce and trade procedures. It is a specialist course that prepares students for careers in finance and business.
Let us look at some of the Mcom course highlights.
M Com Course Level |
Post Graduate Degree |
M.Com full form |
Master of Commerce |
M.Com course duration |
2yr |
M.Com admission process |
Entrance exam/merit-based |
Minimum percentage |
Candidates are required to have 50 per cent in B.Com from a recognised university. |
M.Com course fee |
Rs. 35,000 to Rs. 50,000 per annum |
Salary Offered |
Upto 4lakh per annum |
Employment Areas |
Government and Private sectors, National bank, Railway, Income tax, Private banks. |
Course Fees |
10k to 1 Lakh |
The M.Com course programme at most colleges across the country follows the same syllabus and courses. While slight differences in syllabus construction may exist in a few institutions, the core of the syllabus structure remains the same across the country.
The M.Com course syllabus and subjects cover a wide range of topics from accounting to finance, allowing students to gain a better understanding of the course and the topics covered. The abbreviation of M.Com is Masters in Commerce. It is a two-year postgraduate programme that covers all of the important and relevant principles in business. Students might concentrate in a specific field while doing this course.
There are core and elective subjects in the M.Com curriculum. While the core topics deal with the principles of Commerce, the elective topics give students a practical grasp of various areas. Though the subjects may differ depending on the university, we have compiled a list of some of the most frequent disciplines included in the M.Com curriculum:
This course offers a theoretical understanding of an organization's structure and workplace environment as it evolves through time. The course's primary goal is to look at how organizations are managed effectively while improving people's work lives. Organizational theories, authority, power, status, formal and informal structure, behavioural notions, and other topics are studied in this discipline of the M.Com course.
This course teaches students how to do research and utilize specific approaches to investigate business problems to arrive at sure findings and conclusions and how to interpret the findings and conclusions in the form of reports. Because it takes a quantitative approach to managerial decision-making, linear programming, and evaluating optimality methods, it is a core discipline in the M.Com syllabus.
Microeconomic Principles, their characteristics and their application in corporate decision-making are covered by economic analysis. Theories of firms, managerial theories, growth theories, satisfaction theory, indifference curve analysis, Determinants of Demand, bandwagon effect, and other topics are addressed in this specialization of the M.Com course.
Financial Management and Policy provides students with an understanding of the fundamental analytical tools and methodologies used in financial management in businesses and organizations. You will study the nature of financial management, its objectives and scope, financial decision-making and its forms, capital budgeting decisions, methodologies for analyzing capital budgeting decisions, etc., in the M.Com course.
Recognizing, estimating, assessing, evaluating, and reporting financial information to managers and determining if it is accomplishing organizational goals is the focus of managerial accounting. Cost vs management accounting, cost ideas and classification, variable absorption costing, and other topics are covered in this M.Com course.
Marketing Management aims to provide students with the conceptual and analytical abilities they will need to manage and operate market operations and businesses. The basics of marketing, functions and roles, buyer-seller behaviour, and other topics are covered in the M.Com course.
You will gain a modern perspective on modern finance and management accounting by studying accounting theory and practice. This subject in the M.Com syllabus also covers principles of accounting theory such as cost principle, materiality, monetary unit assumption, matching principle, and conservatism, in addition to the basic notions of accounting and advanced theories and methodologies.
Students learn the principles and procedures for managing an organization's human resources in this sub-discipline of the M.Com programme. Knowledge of this field enables them to effectively harness the best qualities of each employee in an organization.
The study of banking, banking law, finance, and financial management is known as banking and finance. In other words, M.Com. (Banking & Finance) is a degree programme in which the primary focus is on the organized study of concepts in specialized subjects and topics related to Banking & Finance circles and a general course study in Commerce. The course lasts two years and is very important because it provides various employment opportunities to those who complete it successfully.
A Master of Commerce in Entrepreneurship is a postgraduate programme in business administration. The theory of economic activity evolution, a continuous process of economic development, an ingredient in economic development, essentially a creative activity or an innovative function, a risk-taking factor responsible for a result are all covered in the Master of Commerce degree course in Entrepreneurship.
MCom Financial Management is a two-year postgraduate programme that focuses on banking and financial services, insurance, Commerce, accounting, economics, and management. Students with a UG degree from any recognized university are eligible to apply.
A Postgraduate Banking course is the Master of Commerce in Bank Management. The Master of Commerce in Banking Management is a Bank Management programme that teaches students how to manage banking activities. Banking Management degree programmes provide students with the abilities they will need to succeed in the financial business as a leader.
The MCom (International Finance) programme aims to produce professionals with specialized skills and worldwide capabilities in the areas of Strategic Financial Management, Wealth Management, and Risk Management to meet the needs of industry and academics.
Investment management encompasses more than just the purchasing and selling financial assets and other transactions. Developing a short- or long-term strategy for acquiring and disposing of portfolio holdings is part of management. Banking, budgeting, and tax services and charges are all examples of what it can cover.
The curriculum develops competency in human development, knowledge of development's social and political contexts, communication skills, theory-to-practice integration, and research, preparing graduates to take on leadership roles in a variety of settings supporting individuals of all ages and families.
Quick Read : Courses After 12th Commerce
Master of Commerce (M.Com) is a postgraduate academic degree that attempts to provide students with knowledge in various Commerce specializations, including Management, Accounting, and Economics. It gives students the chance to go further into the fundamental principles covered in a Bcom degree. Furthermore, the course structure is interdisciplinary, with the M.Com syllabus covering courses like Business Accounting and Environment, International Business, Financial Management, and Organizational Behavior.
Let us briefly look over the MCom syllabus semester-by-semester:
Quick Read: MSc Maths Syllabus
Once you have familiarised yourself with the MCom syllabus, it is time to look at several books that will assist you in studying the topics listed above-
Books |
Name of the author |
Organisational Behaviour |
S.P. Robbins |
Micro Economic Analysis |
Varian |
Quantitative Techniques in Management |
N.D. Vohra |
Management and Cost Accounting |
Drury Colin |
Operations Research: An Introduction |
Hamdy Taha |
Investment Analysis and Portfolio Management |
Frank K. Reilly, and Keith C. Brown |
Marketing Management |
Kotler Philip and Kevin Keller |
The Tax and Corporate Law |
Taxman |
MCom in Finance, Accounting and Computer Applications are considered some of the best MCom courses.
If you wish to go for further studies and research, MCom is a better option though MBA has wider job opportunities.
MCom is not a really tough course if you plan well and study well.
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