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M.Com Course: Eligibility, Admission Process, Syllabus & Fee Structure
MCom Course: M.Com or Master of Commerce is a two-year PG-level direction that makes a speciality of commercial enterprise management and its resources. Economics, Marketing, Human Resources, Business Analytics, and Finance are the primary topics of the M.Com course. The minimum eligibility criteria to sign up for this course is that candidates must have a UG degree in a relevant field with 50% marks from a UGC-authorised university. The common fee for this route is INR 10,000 to 25,000, and it varies from college to university. Admission is carried out based totally at the benefit or front examination. CUET PG, BHU PET, and CUCET are the pinnacle front checks to assist get right of entry to authorities universities.
After completing this course, applicants can pursue their profession in Finance, Banking, Auditing, Accounting, and many greater industries. The starting income in India is estimated to be INR four,72,913 according to 12 months.
A PG diploma program in commerce may be pursued by college students in all sorts of education conventional, on-line, and distance education. The eligibility standards for admission to a Master of Commerce postgraduate program, in popular, is a BCom or applicable diploma.
What is an M.Com Course?
The Master of Commerce or MCom course accommodates subjects that are related to commerce and the banking sector. The course is good for students or beginners who want to earn expertise & task on this region. Learning those banking and trade competencies on the master’s level can lead to process profiles like an accountant, tax auditor, & greater. The prices of this path in India range from INR 10,000 to INR 25,000. An MCom Course profits in India is estimated to be INR four,72,913 according to yr.
There is no distinction between the online/distance M.Com direction and the regular M.Com course. There is a web/distance M.Com course to be had to college students who want to study greater about company finance however can not go away their current jobs that allows you to do so. This path is designed to teach individuals a way to move ahead of their present day jobs or a way to practice for higher positions in extraordinary businesses inside the close to destiny.
What is MCom Full Form?
MCom is also known as Master of Commerce, and It is a Master’s degree diploma path. After completing the BCom direction from a identified college, college students follow for the MCom Course. Every 12 months, hundreds of students choose this route due to the popularity of the program.
Why Study an MCom Course from college campus ?
When it comes to assisting out negative Students, college campus is Trustworthy and Consistent. The Institute, “which changed into based in 2005,” is dedicated to assisting the training zone without regard for non-public advantage. It has Aided and stimulated candidates from underprivileged backgrounds to move up the manner to the pinnacle.
Well, over forty five,500 students have obtained help from the institute up to now in accomplishing their Objectives. The fact that the passing price for the college campus never dropped below ninety nine demonstrates how outstanding it’s been normal. Along with partnerships with some prestigious Universities, the institute has the backing and endorsement of tutorial government.
Apart from that, the institute is also imparting pupil assist offerings. It affords unfastened counselling to students and counsellors are available on working days. Students can name or WhatsApp for their queries related to route admission.
MCom Course Highlights
| M.Com Full form | Master of Commerce |
|---|---|
| Course Level | Master |
| M.Com Course Duration | 2 Years |
| Eligibility Criteria for MCom | 50% aggregate from a recognized university or college |
| MCom Course Fees | INR 10,000 to INR 25,000 (average) |
| Admission Process | Merit or Entrance Exam |
| Type of MCom Course | Online, Part-Time, Full-Time |
| Entrance Exams | CUET PG, BHU PET, DUET, CUCET |
MCom Course Details
Students who want to take admission to the MCom course must meet the eligibility criteria. And there are many things that scholars will be required to understand while applying for this route, including the direction prices, length, styles of MBA guides, and plenty of more. Below, we’ve got noted quick details about the route.
- This is the total call of M.Com: Master of Commerce.
- Enrollment in M.Com packages is based on passing an entrance examination or being on a list of those who did well.
- the first-rate M.Com faculties in India are Miranda House, Hindu College, Hansraj College, SRCC, Christ University in Bangalore, Loyola College, and lots of more.
- The CUET PG, BHU PET, the AU CET, the PU CET, and different top admission assessments are used to get into the M.Com guides on the top universities.
- Online, distance, part-time, and full-time options are to be had for college kids who want to examine for their M.Com. They ought to additionally recognize this.
- Distance learning stages are meant for working adults and price INR 10,000 to twenty-five,000.
- Organizational Theory and Behavior, Marketing Management, Managerial Accounting, Economic Analysis, and many other subjects are surrounded by the M.Com Curriculum, additionally called the MBA.
- It can help students come to be operation managers, accounting assistants, business analysts, cost accountants, and lots of other types of humans.
- The State Bank of India, KPMG, ICRA, HDFC Bank, PWC, and different huge companies hire many people.
- People who work in the authorities or the private quarter generally make approximately INR four.Seventy two Lacs consistent with year.
- As quickly as they finish the program, human beings can begin studying for an MBA or other stages like a CA, CFA, or even a PhD.
Why Study an MCom Course after Graduation?
M.Com degree research are in excellent supply because of the financial rewards they carry to applicants. M.Com applications are reachable in various codecs, and the great specialties provide aspirants the to build out a distinctiveness in a multitude of sectors. The key blessings that a student will obtain upon the stop of the training are:
The MCom Course will lead to stepped forward activity opportunities within the long time. For example, Today’s finance enterprise is expected to upward thrust to USD 1 trillion earlier than 2025, growing process potentialities for M.Com students. Over the approaching eight to ten years, the Banking and Financial Service Industry (BFSI) that employs M.Com college students will create approximately eight million employees.
Many applicants who want to train as a career, in particular in economics, are strongly stimulated to pursue an M.Com attention in their grasp’s stage test. The M.Com program is needed for next Doctoral tiers and acts as a prerequisite.
It allows youngsters to interact with their peers and elders, teachers, and latest graduates. The fundamental intention of networking is to create testimonials for capability employment.
Applicants with an M.Com diploma can sit for rigorous tests which include the public administration check or examinations linked to accounting and finance needs along with taxable earnings, Audit, or customs groups.
In addition to account assistants, value accountants, and funding bankers, M.Com graduates are employed in a number of professions. M.Com prices inside the u . S . Generally range from INR 10,000 to INR 25,000 according to 12 months, with a standard income of INR 4.72 lacs in line with year. In this way, the applicants can effortlessly pay off their costs. There is a extensive range of employment possibilities to be had to M.Com college students.
Who Should Pursue the MCom Course?
- Students inquisitive about the field of trade need to enroll in the M.Com program.
- Applicants inquisitive about a future in the Insurance (BFSI), Financial Services, and banking enterprise have to enroll in the M.Com application.
- Students who desire to are searching for senior roles in agencies may enroll in M.Com packages.
- Practitioners with undergraduate credentials in trade may enroll in this online gaining knowledge of application to growth their career possibilities.
- The M.Com Program is suitable for running as a monetary supervisor.
- Applicants who’re upset with their undergraduate courses in a specific circulation can pick an M.Com subject based totally on their personal desire.
- Upon completing their degree program, folks who plan to keep a career as an accountant might enroll within the M.Com Programme.
When to pursue M.Com?
- Applicants can start working on the M.Com application quickly after completing their undergraduate tiers.
- Students may take this course after obtaining positive relevant stories to boom overall expert possibilities.
- Working professional people can take this education application to boost their careers or improve their competencies.
What are the Benefits MCom Course?
Master of Commerce courses are in excessive call for among graduates as they offer economic know-how that is relevant in company and everyday existence. Graduates from this route have considerable employment possibilities as a kingdom’s financial system is built on its finance gadget. Students after finishing the MCom course can try and clear CA and CFA in order to steady them high-paying jobs in the public and personal sectors.
MCom graduates can in addition opt for doctoral programs if they desire to increase their information inside the subject of trade and it’ll in addition assist in growing employment opportunities inside the education region. The curriculum allows in developing managerial abilities, dealing with finance, and further making techniques useful nice increase of a employer.
Modes of M.Com Course
M.Com Course is among India’s leading diploma applications. The grasp’s in commerce application presents options for a number of specialties and severa variations of the diploma that applicants may additionally comply with primarily based on availability, talent, and qualification. The many sorts of M.Com packages are explained further underneath.
Full-Time MCom Course
- The M.Com Full-Time instructions are designed for two years. The maximum commonplace version of the M.Com software in India is the whole M.Com program.
- Entry to M.Com applications is based on an admission examination or benefit.
- Christ University Hindu College and the University of Calcutta are many of the first-rate universities that provide M.Com programs.
- Accounting, facts, BM, economic control, and other subjects are covered inside the M.Com Specialization.
Part-Time M.Com Course
- Part-time M.Com facilities are supplied for 2 years.
- Programs are available from numerous establishments, which include ICFAI Dimapur, Nalanda Open University, and Birla Global University.
- The regular charge tiers from INR 3,four hundred to INR 15,000.
- Admissions are based totally upon the precept of a advantage listing compiled from the scores obtained in undergraduate research.
Online M.Com Course
- Online M.Com studies are preferred for operating adults and candidates who can’t be part of conventional classrooms.
- Before enrolling in educational application, applicants must make certain that the packages were authorised via 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 charge for this program varies from INR 5,000 to INR 22,000. The imply tenure of the program is two to five years.
M.Com Course Admission 2024
The postgraduate application for Master of Commerce (MCom) admission is presently taking place. The distance, everyday, and on-line universities or institutions, together with college campus NILM University, Subharti Univesity, Mangalayatan University, and many others., are engaging in admissions for the 2024 session to MCom postgraduate degree programs. 31 May 2024 is the remaining date for MCom path admission on the college campus for the 2024 academic session.
The registration amount is vital for college kids on the subject of turning in programs for admission to the MCom diploma application. The registration prices at various universities for the MCom diploma application variety from 350 Indian rupees to INR 1500.
Regular universities generally opt to use entrance examinations to shortlist candidates for admission as compared to on-line and distance education modes. The primary eligibility standards for admission to the MCom PG program is a BCom or relevant diploma.
The admissions manner on the above-cited MCom-oriented universities is commonly followed on-line. To study greater approximately the admissions strategies at those universities, read the sections that follow.
M.Com Course Admission Process 2024
- The ratings vital for the diverse M.Com concentrations differ depending on the university/college. Nevertheless, the basics live the very same. The admissions approaches are clean and easy to apprehend, and it’s far given as:
- Entrance to M.Com packages is based on expertise or a written check. There are diverse front checks at regional, united states of america, and institute ranges for M.Com admissions.
- One need to either qualify for the admission take a look at or carry out well in your UG degree.
- Age limits are not furnished, however some institutes may consist of them of their criteria.
MCom Course Eligibility Criteria
To be taken into consideration for admission to the MCom application, applicants need to meet the eligibility necessities. The following factors will assist students better recognize 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 common in B.Com Hons, B.Com, or any degree in a associated subject from a college.
- Many schools additionally receive folks who’ve already acquired a UG diploma in Statistics and Economics, BBE, BBS, or BFIA,
- from a reputed institute with a median end result of 60 percentage or comparable.
- Candidates from the Scheduled caste are eligible for a 5% rating discount in public establishments.
- The M.Com application has no age restriction for entry.
MCom Course Entrance Exams 2024
The main admissions examinations for M.Com enrolment in India are as follows:
- CUET: UGC has declared to behavior admissions in forty five crucial universities and a few personal universities based totally on the Common University Entrance Test (CUET 2024). The Central University of Rajasthan (CURAJ), DU, JNU, and plenty of different universities will take admission to its PG guides together with the M.Com Course based on front check results.
- PU CET: It is a provincial standardized test administered by using the University Of Punjab, Chandigarh, for college kids getting into its many postgraduate programs and publications in subjects along with technology, commerce, and control. Each 12 months the exam is performed offline in May or June.
- IPU CET: Master of Commerce or MCom direction at Guru Gobind Singh Indraprastha University is obtainable to college students primarily based on the overall performance of IPU CET 2024. The University conducts the Common Entrance Test each year in July.
- AUCET: It is a standardized take a look at for those who need to go to Andhra University, Visakhapatnam, and get a master’s degree. Andhra University and Dr. BR Ambedkar University, Srikakulam, are connected to each different. There are commonly paper-based assessments in May and June each yr.
- BHU PET: The exam is an academic level check this is taken by using human beings all over India to get into PG applications like M.Com. It is run through the Banaras Hindu University (BHU). Hundreds of college students in India take this take a look at each 12 months within the hope of getting into this prestigious and famous college.
M.Com Entrance Exam Syllabus
The syllabus for maximum of the M.Com entrance exams is also similar in most cases. It is particularly fabricated from quantitatively based totally subjects. All the questions in the front exam are MCQs primarily based on quantitative questions. There are almost 150 questions on which the paper is composed. In most instances, a poor mark is relevant, and one mark is deducted for the poor answer.
MCom Course Specializations
The MCom -12 months postgraduate degree application is obtainable thru on line, distance, or conventional modes of training. Each mode of MCom has numerous types, which includes accounting, business management, finance, banking, taxation, and many others. Some of the MCom sorts or specializations are discussed underneath.
- 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 period of two-12 months (4-semester), and it’s miles designed to provide schooling on control of price accounting, strategic financial management, profits tax regulation, and practices, institutional accounting, and so on. The direction is available at KPB Hinduja College of Commerce, KES Shroff College, Sharda University, and so on. The price for the MCom in Accounting software is seen from INR 10,000 to 60,000 Indian rupees in line with 12 months.
MCom in Banking:
The banking-orientated advanced diploma program of MCom focuses on coaching monetary accounting, coverage standards, business facts, monetary mathematics, and extra.
The postgraduate application in Banking can be studied at Manipal, Madurai Kamaraj University, Mohanlal Sukhadia University, etc. The fee for the MCom in Banking commonly rover from eleven,200 Indian rupees to 64,000 Indian rupees at UGC-authorised universities.
MCom Course Distance Education
M.Com Distance Learning is a number of the pleasant worthwhile options provided to novices who cannot preserve their careers traditionally. When enrolling in an M.Com Online Learning program, applicants should decide if the curriculum is authorized with the aid of the Distance Education Board (DEB) and the University Grants Commission (UGC).
Distance MCom Course Admission
- A scholar ought to normally have finished their degree with a minimal grade of fifty% to qualify for entry to the MCom path online mode.
- Most of the high-quality universities/colleges admit college students primarily based on their grade point average.
- The software paperwork are commonly submitted electronically, however institutions also can post all required documents in person, which includes mark sheets, stages, and ratings.
MCom Course Syllabus
An M.Com is a 2-yr lengthy length course damaged up into four terms. The topics of different M.Com specialties had been also specific. The MCom path curriculum covers a wide variety of subjects, but college students from all majors take the identical M.Com instructions in the first year of the course.
Those who need to specialize in their second yr should select a group of optionally available courses from the Master of Commerce application that they could take. In a few cases, individuals who want to work as an apprentice must pass assignments of their last 12 months of university. Business Environment, Marketing Behavior, Statistical Analysis, E-Commerce, Accounting, and Managerial Decisions are the most commonplace topics.
MCom Course Subjects
The following are the important topics within the MCom direction that a student has to pursue after enrolling on this direction.
Top MCom Colleges in Delhi
There are 167 MCom faculties in Delhi NCR, a number of those are govt at the same time as others are personal. The Fee range for this programme levels among INR 13,500 to fifty eight, 000 in keeping with yr. Below are the great schools available for MCom guides 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 provide M.Com publications for a nominal rate. Usually, Admission to BCom publications at UP College occurred in July. Most of the scholars choose to apply in underneath the cited 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 practice for admission inside the MCom course will get a danger to search for a bright future within the subject of commerce as it’s miles a path that gives a huge form of profession opportunities for college students once they graduate. There has been a sluggish boom inside the call for for experts with precise understanding within the field of commerce with every passing day and yr.
A scholar who has finished an MCom direction can pass for PhD in MCom specializations to grow to be a professor. They also can start coaching 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, and so forth.
MCom Course Job Opportunities
Graduates with MCom publications have employment possibilities in numerous industries along with accounting, finance, auditing, and many others. They can stable jobs within the personal and public sectors with job profiles like Stock Broker, Business Analyst, Accounts Assistant, Auditor, and so forth. The salary in this area is around INR 2.Ninety Lacs yearly however with enjoy and talents it is able to cross as much as INR 4.72 Lacs yearly.
Financial Analyst: they work in financial and non-monetary industries which includes insurance corporations, banks, and many others. They are responsible for making economic decisions in the agency and maximizing income. The common annual income on this career is INR four.Seventy two lacs.
Account Administrator: they’re responsible for reviewing and reconciling accounts, preserving facts, creating invoices, and ensuring proper bookkeeping.
Recruitment Areas
There are numerous fields where MCom diploma holders recruit with an excellent income package deal some of them are given beneath:
- 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 route including auditors, enterprise analysts, agency secretaries, experts, tax accountants, finance officials, inventory brokers, income analysts, and economists.
Ques 2: How treasured is an M.Com diploma?
Ans: Although the MCom direction is less costly than the MBA, the M.Com is greater precious for commerce students because it ensures you a excessive-paying task after commencement.
Ques 3: What is the earnings of M.Com in India?
Ans: The common salary for the MCom direction is INR four.Seventy two LPA in India.
Ques 4: After MCom which path is great?
Answer: After finishing an MCom route some of the high-quality guides that a scholar can pursue are CA, CS, CFA, ACCA, CMA, PhD, and studies work.
Ques five: Who is eligible for MCom degree admission?
Ans: BSc or any equal diploma holder is eligible to pursue a grasp of trade from a well-known college with a 50 percent rating.
Ques 6: Which MCom specialization is best?
Ans: All specializations are desirable in MCom guides. But, students prefer to pursue Management, Accounting, and Finance.
Q Is M.Com Course higher than an MBA?
Ans It depends on different factors, along with interest, scope, earnings, and most critical, student. If a person wants to make their profession in trade subject and desires to find out about Finance, Accounting, or taxation. Then Master’s of Commerce (MCom) is the high-quality route for them.