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M.Com full form Masters of commerce is a 2 - years postgraduate course for candidates who want to pursue a career in accounting, banking, investment, financial service, investment as well as economics and marketing.
MCom course allows the students to work in almost all sectors of the economy and remains one of the most versatile courses in India. The insurance sector, one of the main sectors that employ MCom graduates of the economy, is expected to reach USD 1 Trillion by 2025, thus generating new jobs for the MCom graduates.
MCom can be pursued by candidates who have completed their graduation from a commerce background (BCom, BCom Honours) with a minimum score of 50%. The MCom Admission 2023 is to be conducted on the basis of the merit or entrance examination. The top entrance exams are BHU PET, CUCET, PU CET and many more.
The cost of pursuing a MCom course in India, ranges between INR 5,000 -INR 140,000. And MCom salary in India is INR 372,913 per annum, according to the Payscale website. Thus, the aspirants are able to earn double the initial investment.
MCom is popular among aspirants who wish to pursue a career as a teacher or lecturer. For that candidates have to enroll in PhD courses after the completion of the MCom course.
2.1 Why MCom
2.3 When to do MCom
3.1 Eligibility
3.4 MCom Entrance Exam Important Dates
4.1 Full-time MCom
4.2 Part-Time MCom
4.3 Distance MCom
4.4 MCom vs MBA
5.1 MCom Distance Education Admission 2023
5.2 MCom From IGNOU
5.3 MCom From Annamalai University
5.4 MCom from LPU Distance Education
5.5 MCom Distance Education Top Colleges
6.1 MCom Syllabus
6.2 MCom Top Books
7.1 MCom Accounting and Finance
7.3 MCom Taxation
7.4 MCom Marketing
7.6 MCom Economics
7.7 MCom Finance
8.1 Delhi
8.2 Mumbai
8.3 Chennai
8.4 Bangalore
8.5 Hyderabad
8.6 Pune
8.7 Kolkata
9.1 USA
9.2 New Zealand
9.3 Canada
9.4 Australia
10.1 MCom Colleges: NIRF Ranking
11.1 Top Recuiter
MCom Course Details
- MCom full Form is Master of Commerce
- The average fees of the MCom course ranges between INR 5,000 to INR 150,000 per annum.
- The admissions to the MCom Courses are done on the basis of both merit list and entrance examination.
- The top MCom Colleges in India are Hindu College, Delhi, Mithibai College of Arts, Mumbai, Christ University, Bangalore, and many more
- The top entrance exams for MCom Admission are BHU PET, PU CET, AU CET, etc.
- Candidates can pursue MCom Courses in regular, online , distance education mode.
- Distance MCom is suitable for working professionals. The average fees for MCom Course in distance mode ranges between INR 5000-INR 138,000.
- MCom Syllabus includes subjects such as Organisation Theory and Behaviour, Economic Analysis, Managerial Accounting, Marketing Management, etc.
- Candidates after completion of the course can land jobs in different profiles such as account assistant, cost accountant, business analysts, finance consultants, operation manager and many more.
- The top recruiters are KPMG, PWC, State Bank of India, HDFC Bank, ICRA, etc.
- The average starting salary can be around INR 5 LPA across private and government sectors of banking, accounting, finance and insurance.
- Candidates after completion of M.Com can go for higher education such as an MBA, CFA, CA, PhD, etc.
What is M.Com?
The 2 years MCom course provides quality education to the students serving the needs of managerial cadre in business and industry. It also serves the purpose of research and teaching in business studies.
M.Com improves logical reasoning, analytical skills, communication skills, mathematical and statistical knowledge, business management skills, teaching and research skills. Therefore, candidates who are interested in becoming teachers, lecturers, professors and pursue higher education (PhD) usually go for this course.
Why MCom?
The MCom courses are in high demand due to the financial benefits it provides to the candidates. The MCom courses are available in different modes and the large amount of specialization allows the candidates to carve a niche among the different industries. The following are the advantages a candidate can avail after the completion of M.Com:
- New Job opportunities: The MCom course will provide improved job opportunities in the future. For example, the investment sector in India is expected to grow up to USD 1 trillion by 2025, thus providing employment opportunities for the MCom graduates. Similarly, the investment banking sector in India is expected to grow from USD 102.84 billion in 2020, to 111.45 Billion in 2021 at a CAGR of 8.4 %, and would reach USD 137.97 Billion by 2025. The Banking and Financial Service Industry (BFSI) which hires MCom graduates is expected to generate over 8 million jobs in the next 8-10 years.
- Robust Salary:The MCom candidates are absorbed in different positions such as Account assistant, cost accountants, investment bankers, etc. The average MCom salary in India is INR INR 372,913 per annum, whereas the average fee ranges between INR 5000-INR 140,000. Hence, the candidates are able to recoup their investment easily. MCom graduates have job opportunities in almost every sector of the economy. Some of the top recruiters of MCom graduates are Capgemini, Dell, Infosys and others. Moreover, there is no age bar to pursue an MCom degree.
- A safety net: Most of the MCom candidates pursue other professional courses such as Chartered Accountant (CA), Company Secretary or CFA. The reason is that these professional courses are tougher to pass. For example only 6% of the total candidates have passed both the group of CA exams. And the passing percentage of the CFA course is between 42-54 %. So if anything goes wrong the candidates would have something to fall back on.
- A stepping stone: Most of the candidates who wish to take up teaching as a profession, especially in the commerce section, are heavily inclined in taking up a MCom specialization in their post graduate level exam. The MCom course is necessary for taking up the PhD programs in the future and serves as a preparatory course.
- Development of Managerial Skills: The MCom Syllabus includes different subjects related to management of the organisation and its people. The MCom syllabus is curated in such a way that the candidates equipped with skills to handle the finance, growth of company, create strategies to tide over difficult situation
- MCom Specialization: The MCom course offers a large number of specialisations that includes streams such as Finance, Accounting and Finance, Marketing, Computer application, Financial management, business management, etc. The different specialization improves the job prospect.
- It allows the candidates to build up their networks with different batch mates as well as seniors, professors and alumni. The main idea behind networking is the creation of references for future jobs.
- MCom qualification allows candidates to appear for competitive exams like civil services exam or exam related to finance and accounting requirements like income tax, CAG or excise departments.
Check out: Career as a Banker
Who should do MCom?
- Candidates who want to pursue a career in commerce stream should pursue the MCom course.
- Candidates who wish to pursue a career in Banking Financial Service and Insurance (BFSI) sector should pursue the MCom course
- Candidates who want to pursue different leadership positions in the industries should opt for the MCom courses.
- Working professionals who have graduate certificates in commerce can pursue this course in distance mode to improve their job prospects
- MCom Course is Ideal for pursuing a career as a Financial Manager..
- Candidates who are not satisfied with their graduation degree in particular steam can choose a MCom Specialization according to their own interest
- Candidates who wish to pursue a career as an Auditor can take up the MCom Course after the completion of their graduate program.
- Aspirants who wish to start their own business can pursue an MCom course.
- Candidates having aspiration of becoming a professor of commerce should pursue this degree as a stepping stone for the PhD program.
When to do MCom?
- Candidates can pursue MCom Degree immediately after thecompletion of their graduate programs.
- Candidates can pursue this degree after gaining some experience in relevant fields so that they can improve their career prospect.
- Working professionals can pursue M.Com in distance mode after in order to gain promotion or upgrade their skills.
Is MCom Worth Doing It?
Before pursuing any course it is ideal that the candidates check out the worthiness of the course. In the present age where MBA is preferred by almost all the candidates, the question remains: Is MCom worth it? The answer is simple, Yes. First of all MCom is much cheaper than the other professional degrees such as MBA or PGDM Courses. While an MBA course can be seen as a Multi disciplinary course, the MCom Course only focuses on a specific aspect from the field of commerce. But this does not mean that the MCom course does not take into consideration the business management subjects. MCom program includes subjects such as Organizational Behavior, Organizational Management, Management Principles, that allows the candidates to compete with MBA graduates. Also MCom Course duration is similar to MBA and is much shorter than a CA course. Thus, to reaffirm again, MCom is worth doing.
MCom Admission Process
The admission to the MCom courses are done on the basis of merit or entrance examination. The admission processes are quite straightforward and easy to follow. You either need to pass the entrance exam or score decently well in the graduation. The marks required for the different MCom specializations vary according to the different colleges/universities. However, the basic details remains the same
Eligibility
The basic eligibility criteria to pursue this course is as follows:
- Students need to secure a minimum of 50% aggregate in BCom or BCom Hons or equivalent from a recognized university.
- Some universities also consider students who have completed Bachelor’s degree in Economics & Statistics, BFIA, BBS and BBE with a minimum aggregate score of 60% or equivalent from a recognized university.
- Students belonging to Reserved category are entitled to marks relaxation of up to 5% in government universities.
- There is no upper age limit for the admission to the MCom course.
MCom Admission 2023
- The MCom admissions are done on the basis of merit and entrance examination.
- In case of admission through merit list the candidates marks in the graduation level would only be taken for consideration.
- In some cases , students are required to give an entrance examination which is usually MCQ based, testing students’ knowledge and background in commerce.
- Top MCom Universities such as Delhi University, Banaras Hindu University, Christ University, etc. conduct a national level examination for admission into their PG courses.
- Admission to the MCom course in Calcutta University is done on the basis of a merit list prepared from the BCom or equivalent examination
- Hence, to take admission in MCom course, students are required to apply for the exam, and on the basis of its performance, students are given admissions or succeeded to the next round of admission process, i.e., Counselling or Group Discussion and/or Personal Interview.
-
A merit list is released on the basis of which students are given admissions.
Check Out: MCom Cutoff
In case candidates are applying in an institute that gives merit based admission like in many private universities such as Amity, LPU, Chandigarh University, etc., then they just need to simply visit the institute’s website and fill up the online application form or visit the college and fill-up the form offline.
The online application process is as follows:
- Step 1: Visit the website and register yourself and login to your account.
- Step 2: Read the instructions carefully and fill up the application form.
- Step 3: Upload the required documents.
- Step 4: Check the application form before submitting it.
- Step 5: Make the final payment of the application fee.
Many top government universities in India such as University Of Calcutta, Kalyani University offer admission through merit list.
MCom Entrance Exam
Following are the top entrance exams considered for MCom admissions in India:
BHU PET
The exam is a university level national examination that is conducted by Banaras Hindu University (BHU) for admission into PG courses, including MCom. Every year thousands of students appear for this exam across several exam centres in India in the hope to get admission in this reputed and highly acclaimed university.
Delhi University MCom Entrance Exam
This exam is conducted by Delhi University every year to admit the deserving candidates into its many colleges offering MCom courses. A merit list is released mentioning all the affiliated colleges’ cut off and basis on the student’s performance, he/she is granted admission into the college whose cut off is cleared.
PU CET (PG)
PU CET is a state level entrance exam conducted by Panjab University, Chandigarh for candidates seeking admission to its various PG courses and programs in different fields such as science, commerce, management, etc. Every year this offline exam is conducted in the month of May and June.
Allahabad University PGAT
It is a state level entrance exam conducted by University of Allahabad each year to allow students to take admission to its different PG level courses. The mode of exam is usually in an offline mode whose application process starts in the month of March-April every year.
CUCET
This is a national level examination regularly jointly by ten central universities. Conducted by Central University of Rajasthan (CURAJ) in the month April-May every year, this offline exam offers admission into various UG, PG, Diploma & PhD programmes of the participating universities and colleges.
AUCET
It is a state level entrance exam conducted by Andhra University, Visakhapatnam offering admission in only PG courses. The affiliated colleges are Dr BR Ambedkar University, Srikakulam, along with Andhra University. This offline mode exam is usually conducted in the month of May-June every year.
SRMHCAT
It is SRM Common Admission Test conducted by SRM University for providing admissions in management, engineering and commerce courses of UG & PG level. It is an aptitude based MCQ test of 150 minutes, hence the syllabus is the same for all the courses.
MCom Entrance Exam Important Dates
Types of MCom
MCom is one of the most popular academic courses in India. The MCom course offers the opportunities for a number of specializations as well as different variants of the course that can be pursued by the candidates according to their time, ability and eligibility. The different types of MCom courses have been discussed below.
Full-time MCom
- The Full Time MCom courses are offered for a duration of two years. The full-time MCom course is the most popular form of MCom course in India
- Admission to MCom Courses are done on the basis of merit or entrance exam.
- The top colleges offering MCom courses in India are Hindu College, Christ University, University of Calcutta, etc.
- Mcom Specialization includes Accounting and Finance, financial management, Business management, statistics , etc.
Part-Time MCom
- The part time MCom courses are available for a duration of 2 years.
- The courses are available from different colleges such as Birla Global University, Nalanda Open University, ICFAI Dimapur, etc.
- The average fees range between INR 3,400- INR 67,500.
- The admissions are provided on the basis of Merit list that is prepared from the marks obtained at the graduation level
Distance MCom
- The distance MCom courses are popular amongst working professionals or aspirants who cannot attend classes on a regular basis.
- The candidates before pursuing the distance education course should see that the courses are validated by the Distance Education Board and UGC.
- The courses are offered by IGNOU, Lovely Professional University, Annamalai University, Karnataka State Open University, and many more.
- The average course fee ranges between INR 5000-INR 38,000.
- The average duration idf the course is 2-5 years
MCom vs MBA
MCom (Master of Commerce) and MBA (Master of Business Administration) are two separate courses that have their own benefits. It totally depends on your qualification background and area of interest to select one of this course.
Some of the key differences of these courses are mentioned below:
| Parameters | MCom | MBA |
|---|---|---|
| Overview | MCom is a master’s degree focusing on accounting, commerce and economics related subjects, particularly aimed for students who are interested in research and teaching. | MBA is a course that focuses on the study related to the business environment and management system, involving many specializations such as marketing, finance, logistics, etc. |
| Full Form | Master of Commerce | Master of Business Administration |
| Suitability | Suitable for those who wish to make a career in the field of teaching and research and want to pursue higher education. It also offers many jobs in the accounts and commerce industry. | Suitable for those who are looking into making their career in the business making field and management field suitable with managerial and leadership positions. |
| Focus Area | This course mainly focuses on academic and theoretical approach. | This course is more of a professional job oriented course. |
| Average Total Fee | INR 60,000 | INR 10,00,000 |
| Average Salary | INR 5,00,000 | INR 8,00,000 |
Source: College Websites
MCom Distance Education
MCom Distance Education is one of the most lucrative courses that is available to aspirants who are unable to pursue the degree in regular mode. The candidates before taking admission to MCom Distance education course should check whether the course is accredited by Distance Education Board (DEB) and UGC or not.
MCom Distance Education Admission 2023
The minimum eligibility criteria for admission to MCom distance education course is that the candidates should pass their graduation with a minimum score of 50% in most cases. The admission to the top colleges are done mainly on the basis of merit list from the score obtained in the graduation level.
Applications are mostly online, but colleges also have the option to apply in an offline mode with the submission of all necessary documents such as marksheets, scores, degree certificates, etc.
The detailed information of MCom distance admission of different colleges has been listed below:
MCom From IGNOU
- The duration of MCom from IGNOU is 2 to 5 years
- The average M.Com course fee is INR 11,000.
- There is no upper age limit for pursuing MCom from IGNOU.
- The course offers regular teleconferencing for regular guidance.
- Graduates from any discipline from any recognized university are eligible to study this course.
Check: Top Part Time MCom Colleges in India
MCom From Annamalai University
- The Course is recognised by the UGC and it can be used as a valid certificate for government or private employment.
- MCom admission is provided for different specialisations such as Finance and accounting, marketing Management, Computer application,etc.
- The Admissions are done on the basis of merit list.
- The average course fee is INR 7000.
MCom from LPU Distance Education
- The minimum duration of the course varies from 2-4 Years.
- The candidates should pass B.Com, BBA, BSc (Economics), BA (Commerce), or any other graduation with Mathematics or economics as one of the subjects.
- The course fee is INR 9,650 per semester.
- The admission are done on the basis of merit list.
MCom Distance Education Top Colleges
Some of the top MCom Distance Education Universities/Colleges are:
| Name | Location | Average Fees |
|---|---|---|
| IGNOU | New Delhi | INR 11000 |
| SRM University (Distance Education) | Chennai | INR 16,000 |
| IDOL Mumbai University | Mumbai | INR 12,000 |
| SOL Delhi University | New Delhi | INR 10,000 |
| LPU Distance Education | Jalandhar | INR 38,600 |
| Mahatma Gandhi University, School of Distance Education | Kottayam | INR 5000 |
| Annamalai University Distance Education | Annamalai | INR 7000 |
| Karnataka State Open University (KSOU) | Mysore | INR 13,500 |
MCom Syllabus
The MCom syllabus is divided into 4 semesters. The M.Com subjects of different MCom specializations vary accordingly. There are a number of subjects that are offered in the MCom course, however, during the first year of the program, the same set of MCom subjects are taught to the students in all the course specializations. In the second year, students opting for specialization have to choose a set of elective subjects that are offered in the Master of Commerce course. In some cases the candidates are required to undertake internship projects in the final semester.
MCom Subjects
The MCom syllabus and course curriculum of the majority of the colleges in the country is almost the same with a little bit of variation.
Both the common compulsory and elective MCom subjects are listed below:
| MCom Compulsory Subjects | |
|---|---|
| Accounting and Managerial Decisions | Business Environment |
| Computer Applications in Business | Corporate Financial Accounting |
| Corporate Legal Environment | Corporate Tax Planning |
| E-Commerce | Economics of Global Trade and Finance |
| Financial Management | Management Concepts and Organization Behaviour |
| Managerial Economics | Marketing Behaviour |
| Statistical Analysis | Strategic Management |
The following table shows some of the common elective subjects and courses in Master of Commerce. These subjects are generally offered to students in the later semesters.
| MCom Elective Subjects | |
|---|---|
| Banking and Finance | Entrepreneurial Management |
| Commercial Bank Management | Financial Bank Management |
| Financial Markets | Human Resource Management |
| International Finance | Investment Management |
| Research Methodology in Commerce | Income Tax |
Click on MCom Syllabus to know the full course list.
MCom Top Books
The following table shows MCom course books list that helps students to perform well in the semester end examinations:
| 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 Specialisation
The different MCom specialization has been tabulated below. The top MCom specialization will be described in the following section.
MCom Accounting and Finance
MCom Accounting and Finance is the course that focuses more on the accounting sector & Finances of the economy. It provides you with the detailed study of accounting principles and other finance related subjects. Mount Carmel College, NIMS University, etc, offer this MCom course that offers great career opportunities in the accounting field and alike.
| Duration of the Course | 2 years |
| Examination Type | Semester-Wise |
| Eligibility | Minimum score of 50% (Relaxable for reserved category students) marks at graduation level. |
| Admission Process | Entrance exam based/Merit-based |
| Course Fee | Between INR 8,000 to 2.25 Lacs |
| Average Starting Salary | INR 15,000 to 19,000 |
| Top Recruiting Companies | Investment firms, Banks, Custom departments, Insurance Industry, Import/Export Firms |
| Job Positions | Accountant, Investment analyst, Personal Finance Consultant, Business and Corporate analyst, Investment banker, Operations Manager etc. |
Check: MCom Accounting and Finance Colleges in India
MCom Computer Application
Computer applications give you both theoretical knowledge and practical exposure to the computer applications world. This zone is more concerned with the software designed to help users to get easy accessibility of applications. MCom Computer Applications can be pursued form colleges such as NIMS University, Annamalai University, Kakatiya University, etc.
| Duration of the course | 2 Years |
| Examination Type | Semester Wise |
| Eligibility | Minimum score of 50% in the undergraduate level and for SC/ST/OBC the percentage is 45%. |
| Admission Process | Merit Based/Entrance Based admission |
| Course Fee | Rs. 10,000 to Rs. 60,000 |
| Average Salary | Rs. 30,000 to Rs. 6,00,000 |
| Top Recruiters | Cognizant, Wipro, HP, L&T infotech, Polaris, IndusInd Bank, Capgemini |
| Job positions | Budget analysts, Mobile application developers, Management Consultants, etc |
Check: Top MCom Computer Applications Colleges in India 2023
MCom Taxation
MCom Taxation course guides candidates on taxation problems, tax related literature, tax reviews and others. After this course completion you can get into jobs like financial analyst, tax collectors, business analyst and alike.
| Duration of the course | 2 years | ||
| Examination Type | Semester system | ||
| Eligibility | Minimum score of 50% in the undergraduate level and for SC/ST/OBC the percentage is 45%. The candidates must from from commerce | ||
| Admission Process | Entrance exam based/Merit-based | ||
| Course Fee | INR 1 to 4 Lacs | ||
| Average Starting salary | INR 5 to 20 Lacs per annum | ||
| Top recruiting companies | Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd), etc. | ||
| Job Positions | Tax Recruiter, Tax Policy Analyst, Tax Advisor, Revenue Agents, Tax Examiners, Tax Manager, Tax Accountant, Tax Collectors, etc. |
Also see: Top MCom Taxation Colleges in India 2023
MCom Marketing
Marketing is widely pursued and used in the field of business and management. MCom Marketing usually involves a practical based project and provides all the technical knowledge and skills needed for marketing in the field of commerce and finance.
| Duration of the course | 2 years |
| Examination type | Semester |
| Eligibility | Bachelor's degree in Commerce with a minimum score of 50%. Candidates must have Maths, Economics or Accounts in the graduation level |
| Admission Process | Entrance Exam / Merit-based |
| Course Fee | INR 3,720 to 1,29,000 |
| Average Salary | INR 4.5 to 8 Lakhs per annum |
| Top Recruiting Companies | Google, Facebook, ITC, Hindustan Unilever, BhartiAirtel, etc. |
| Job Positions | Marketing Operations Specialist, Assistant Manager, Communications Manager, Public Relations Manager, Lecturer, Teacher, Management Associate, Business Manager. |
MCom Banking and Finance
MCom Banking and Finance is a 2 years post graduate course that offers the candidates in-depth knowledge about the banking procedure, laws, financial management, etc. The candidates after completing the MCom in Banking and Finance can land job opportunity in different profiles such as treasurer, loan counsellor, sales officers and many more
| Duration of the Course | 2 years |
| Examination Type | Semester |
| Eligibility | Bachelor's degree in Commerce with a minimum score of 50%. |
| Admission Process | Entrance Exam / Merit-based |
| Course Fee | Between INR 2 lac to 5 lac |
| Average Starting Salary | Rs.15000 to 3 lac |
| Top Recruiting Companies | banks, credit companies, business schools, Indian economic services, consultancies etc. |
| Job Positions | Treasurer, Business Analyst, Loan Counsellor, Marketing executive, credit and risk manager, etc. |
Check Out: MCom Banking and Finance Colleges
MCom Economics
MCom Economics is one of the most pursued specializations of the MCom Course. The course allows the candidates to understand about the various microeconomic as well as macroeconomic parameters. The MCom Economics course allows the candidates to understand the various fiscal and monetary policies.
| Duration of the Course | 2 Years |
| Examination Type | Semester Based |
| Eligibility Criteria | Bachelor’s degree in Commerce with 55% aggregate score |
| Admission Procedure | Merit or Entrance Based |
| Course Fees | INR 6,000-INR 55,000 |
| Average Starting Salary | INR 4,00,000 |
| Job Positions | Economist, Part time Teacher, Financial risk analyst, Economic researcher, etc |
| Top Recruiting Companies | TVS Motor Company, MoonRun Capital, Monech, The Economist Intelligence Unit, Barclays, IMA India , CRISIL Limited , etc |
MCom Finance
MCom Finance deals with the financial issues of the organization like budgeting and other finance related issues. It covers subjects such as Financial Accounting and Packages, Banking & Technology, Insurance and Risk Management, Portfolio Management, etc.
| Duration of the course | 2 Years |
| Examination Type | Semester Based |
| Eligibility Criteria | Bachelor’s degree in Commerce with 55% aggregate score |
| Admission Procedure | Entrance Exam + Counselling |
| Course Fees | INR 1,00,000-4,00,000 per annum |
| Average Starting Salary | INR 4,00,000-INR 20,00,000 (per annum) |
| Job Positions | Financial Consultant, Investment Banker, Auditor, Finance Manager, Financial Analyst, Quant Specialist, Financial Controllers etc. |
| Top Recruiting Companies | Genpact, Tata Motors, BSNL, Wipro Technologies Ltd., WNS Global Services, TATA Consultancy Services Limited, National Small Industries Corporation Limited, Heavy Engineering Corporation Limited etc. |
Check out: Top MCom Finance Colleges in India 2023
MCom Colleges in India
The MCom colleges according to their city wise location.
Delhi
The Top MCom colleges in Delhi has been listed below
| College Names | Average Fee |
|---|---|
| Shri Ram College Of Commerce, New Delhi | INR 29,400 |
| Hindu College, New Delhi | INR 18,310 |
| Hansraj College , New Delhi | INR 17,304 |
| Atma Ram Sanatan Dharma College , New Delhi | INR 11,771 |
| Sri Guru Tegh Bahadur Khalsa College -, New Delhi | INR 18,954 |
| Delhi University, New Delhi | INR 5,140 |
| Ramjas College, New Delhi | INR 14,284 |
| Department Of Commerce, University Of Delhi, New Delhi | INR 4001 |
| Janki Devi Memorial College, New Delhi | INR 15,711 |
| Motilal Nehru College, New Delhi | INR 8,636 |
Mumbai
The top MCom Colleges in Mumbai are
| College Names | Average Fee |
|---|---|
| Narsee Monjee College Of Commerce And Economics, Mumbai | INR 32,000 |
| K J Somaiya College Of Arts & Commerce, Mumbai | INR 13,320 |
| Sydenham College Of Commerce & Economics, Mumbai | INR 8,165 |
| Jai Hind College, Mumbai | INR 14,947 |
| St Andrew's College Of Arts Science And Commerce, Mumbai | INR 16,125 |
| Mumbai University, Mumbai | INR 2226 |
| Ramniranjan Jhunjhunwala College, Mumbai | INR 14,815 |
| Shreemati Nathibai Damodar Thackersey Women's University, Mumbai | INR 15,189 |
| Spn Doshi Women's College, Mumbai | INR 8,865 |
| Rizvi College Of Arts Science And Commerce, Mumbai | INR 15,500 |
Chennai
List of MCom colleges in Chennai has been tabulated below
| College Names | Average Fee |
|---|---|
| Loyola College, Chennai | INR 11,580 |
| Stella Maris College, Chennai | INR 20,000 |
| Women's Christian College , Chennai | INR 48,728 |
| Guru Nanak College, Chennai | INR 11,450 |
| Presidency College, Chennai | INR 870 |
| Srm Institute Of Technology, Kattankulathur, Chennai | INR 35,000 |
| Queen Mary's College, Chennai | INR 592 |
| The New College, Chennai | INR 3,905 |
| B.S. Abdur Rahman Crescent Institute Of Science & Technology, Chennai | INR 60,000 |
| Mohamed Sathak College Of Arts And Science, Chennai | INR 27,000 |
Bangalore
List of MCom colleges in Bangalore has been tabulated below
| College Names | Average Fee |
|---|---|
| Christ University, Bangalore | INR 75,000 |
| Kristu Jayanti College, Bangalore | INR 80,000 |
| Nmkrv College For Women, Bangalore | INR 150,000 |
| St Joseph's College , Bangalore | INR 78,500 |
| Seshadripuram College, Bangalore | INR 36,000 |
| Aims Institutes, Bangalore | INR 166,000 |
| PES University , Bangalore | INR 80,000 |
| Presidency College, Bangalore | INR 90,000 |
| T John Institute Of Management And Science, Bangalore | INR 72,000 |
| REVA University, Bangalore | INR 90,000 |
Hyderabad
List of MCom colleges in Hyderabad has been tabulated below
| College Names | Average Fee |
|---|---|
| St Ann's College For Women, Hyderabad | INR 12,080 |
| Osmania University College For Women, Hyderabad | INR 22,730 |
| A.V. College Of Arts Science And Commerce, Hyderabad | INR 12,080 |
| Dr. B.R. Ambedkar Open University, Hyderabad | INR 5,000 |
| K L University , Hyderabad | INR 140,000 |
| Maulana Azad National Urdu University , Hyderabad | INR 6,100 |
| Sarojini Naidu Vanita Mahavidyalaya , Hyderabad | INR 11,000 |
| R.G. Kedia College Of Commerce, Hyderabad | INR 12,080 |
| Osmania University, Prof. G. Ram Reddy Centre For Distance Education, Hyderabad | INR 4,500 |
| Badruka College Of Commerce And Arts , Hyderabad | - |
Pune
The following are list of some of the nest MCom colleges in Pune
| College Names | Average Fee |
|---|---|
| Symbiosis College Of Arts And Commerce, Pune | INR 40,511 |
| Brihan Maharashtra College Of Commerce, Pune | INR 7,225 |
| Bharati Vidyapeeth Deemed University , Pune | INR 11,500 |
| Abeda Inamdar Senior College, Pune | INR 10,670 |
| Marathwada Mitramandal's College Of Commerce , Pune | INR 57,000 |
| Mit World Peace University, Pune | INR 50,000 |
| Dr. D.Y. Patil Arts, Science And Commerce College Pimpri, Pune | INR 22,080 |
| Suryadatta College Of Management, Information Research And Technology, Pune | INR 60,000 |
| Yashwantrao Mohite College, Pune | INR 11,500 |
| Tilak Maharashtra Vidyapeeth, Pune |
Kolkata
List of MCom colleges in Kolkata has been tabulated below
| College Names | Average Fee |
|---|---|
| Goenka College Of Commerce And Business Administration, Kolkata | INR 1,485 |
| JD Birla Institute , Kolkata | INR 62,600 |
| University Of Calcutta, Kolkata | INR 2,314 |
| St. Xavier's College , Kolkata | INR 94,000 |
| Amity University, Kolkata | INR 95,000 |
| Shri Shikshayatan College, Kolkata | INR 43,620 |
| Sister Nivedita University , Kolkata | INR 94,600 |
| St. Xavier's University, Kolkata | INR 136,000 |
| Netaji Nagar Day College, Kolkata | INR 18,810 |
| Prafulla Chandra College, Kolkata | INR 20,000 |
Top MCom Colleges: Highest Placements in India
| Names | Top Recruiters | Placement Package |
|---|---|---|
| Shri Ram College Of Commerce, New Delhi | Wipro, Samsung, KPMG, EY etc | INR 15 LPA |
| Christ University, Bangalore | Deloitte, EY, KPMG, TCS etc | INR 13 LPA |
| Hansraj College , New Delhi | Capgemini, P&G, OYO, KPMG etc | INR 31 LPA |
| Narsee Monjee College, Mumbai | Reliance, Citi Bank, Infosys, Deloitte etc | INR 8 LPA |
| Loyola College, Chennai | IBM, Dell, TATA Motos, Flipkart etc | INR 5.5 LPA |
College Comparison
The table below shows a significant comparison of some of the best colleges considered for MCom course:
| Parameters | Hindu College, New Delhi | Presidency College, Chennai | Loyola College, Chennai |
|---|---|---|---|
| Overview | It’s one of the oldest and prestigious colleges of delhi university offering UG and PG courses in all streams. | It is one of the best universities in the world with the bestest teaching methodology and education environment. | Loyola college is the institute affiliated to the university of madras. It is also famous for health care law and a medical school. |
| NIRF- Ranking | 2 | 3 | 6 |
| Average Fee | INR 44,000 | INR 1700 | INR 20,000 |
| Average Placement Package | INR 5 LPA | INR 3.5 LPA | INR 5 LPA |
| ROI Rank | 3 | 1 | 2 |
| Top companies participate in placement drives | KPMG, DE Shaw, Maruti, Jaypee, deloitte, google and others. | HDFC Bank, TATA AIG, Federal Bank. Mind tree, reliance etc | E&Y, Zoho corps, well fargo, Wipro, TCS, IBM, Amazon and others. |
Source: College Websites
MCom Abroad
MCom or similar courses are taught in the top foreign nations such as the USA, New Zealand, Canada and Australia.
The courses are more expensive than the courses that are provided in India.
The eligibility criteria for the courses varies from one nation to another. However, some of the eligibility criteria of the course remains the same
- The candidates should complete their 12th or equivalent exam with good marks.
- The candidates should pass their english proficiency exam such as IELTS, TOEFL, etc.
- The candidates have to qualify for the GRE exam as it is mandatory for some universities and colleges.
- The candidates need to produce a letter of intent in some cases.
- Candidates need to provide 2 references.
- Some colleges require the candidate to qualify their entrance exam and personal interview.
USA
| College/University Names | Average Fees |
|---|---|
| University of California - Riverside Campus | INR 43,15,300 |
| University of Dayton | INR 24,33,300 |
| University of South Carolina | INR 21,93,000 |
| University of Michigan | INR 38,28,600 |
| University of Idaho | INR 17,85,900 |
New Zealand
| College/University Names | Average Fees |
|---|---|
| AUT University, Auckland | INR 23,49,800 |
| University of Otago, Dunedin | INR 21,25,700 |
| University of Auckland, Auckland | INR 20,79,400 |
| Victoria University of Wellington, Wellington | INR 18,62,000 |
Canada
| College/University Names | Average Fees |
|---|---|
| Western University | INR 9,72,100 |
| University of Toronto | INR 27,10,500 |
| York University, Toronto | INR 41,39,900 |
| Queen's University, Kingston | INR 37,49,500 |
| Saint Mary's University, Halifax | INR 22,07,600 |
Australia
| College/University Names | Average Fees |
|---|---|
| Victoria University, Melbourne | INR 11,74,800 |
| The University of Adelaide | INR 21,53,800 |
| Flinders University, Adelaide | INR 17,62,200 |
| Swinburne University of Technology, Melbourne | INR 14,49,000 |
| University of Sydney | INR 21,29,400 |
MCom College Ranking
The Mcom College rankings are done by different government and private agencies based on different parameters. The MCom college ranking by NIRF and India Today has been listed below.
MCom College NIRF ranking
| NIRF ranking | College Names |
|---|---|
| 3 | Hindu College, Delhi |
| 5 | Presidency College, Chennai |
| 6 | Loyola College, Chennai |
| 7 | St. Xavier's College, Kolkata |
| 10 | PSGR Krishnammal College for Women, Coimbatore |
| 12 | Shri Ram College of Commerce, Delhi |
| 13 | Atma Ram Sanatan Dharma College, Delhi |
| 15 | Deen Dayal Upadhyaya College,Delhi |
| 17 | Madras Christian College, Chennai |
| 19 | Kirori Mal College, Delhi |
MCom Jobs & Career
After being awarded the MCom degree, candidates can either look for jobs in various departments or opt for certification courses such as CA, CFA, CMA, ACCA, etc.
- The areas in the private sector that are open to a MCom graduate include Accounting, Consumer durable industry, Telecom industry, Banking, and Insurance Industry, Automobile industry, BPO industry, Media industry, Retail industry and a lot more.
- MCom course graduates may start as a Sales Officer, Accounts Manager, Finance Manager, Company Law Assistant, Cost Accountant, Financial Advisor, Financial Consultant, Tax Consultant, etc.
Students have a plethora of job opportunities in government as well as private sectors to choose from provided that they are not limited to careers in accounts, finance and banking.
Some of the prominent MCom Jobs available to the postgraduates are:
| Job Profile | Job Description | Average Package |
|---|---|---|
| Account Assistant | This includes maintaining ledgers, assisting customers, preparing and distributing checks, and basic bookkeeping work. | INR 2.20 LPA |
| Cost Accountant | They usually perform routine analyses to help determine the type of operations and materials that are most cost effective for the office or their organization. | INR 5.16 LPA |
| Business Consultant | Their role is to analyze the market, product lines and the overall profitability of the business. | INR 9.86 LPA |
| Investment Banker | They basically help their clients to raise money in the capital market by issuing debt or selling their equity in the companies. | INR 9.4 LPA |
| Marketing Manager | They are responsible for developing, implementing and executing the marketing plans of the organization. | INR 7.17 LPA |
| Operations Manager | They deal with the hiring procedures, setting up of targets, team management and alike. | INR 7.8 LPA |
| Finance Consultant | They help their clients in meeting their short and long term goals by advising them on tax planning, investment and retirement planning and others. | INR 3.6 LPA |
| Stock Broker | Stock Brokers usually deals with stocks and performs financial services for the company | INR 3.50 LPA |
| Assistant Professor | They are usually employed in institutes and colleges and teach the younger generations everything about commerce and conduct research at the same time. | As per Govt. Standards |
Source: Payscale
MCom Salary Trend Graph:
Top Recruiter
The following are the top recruiters for the MCom Graduates
| 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 |
MCom Scope
Commerce sector is ever increasing due to the digitalization of the world. Banking and Finance are the top employment areas for students after an MCom degree. Majority of students are preparing for CA (Chartered Accountancy), CMA (Certified Management Accountant) and other highly acclaimed national and international certification courses in the field of finance and accounting.
Following are the list of courses that are usually pursued after MCom:
-
Doctor of Philosophy (PhD):
PhD is the highest degree that one can pursue after completing a master degree course. Hence, after MCom, students can pursue this research based degree which can take upto 3-5 years to complete. Admission is based on entrance exams such as NET and other equivalent national level or university level examinations. This is considered a best option for students who are interested in lectureship and fellowship.
In the field of commerce, students can opt for one of the following PhD degrees:
| PhD Economics | PhD Business Management | PhD Accountancy |
| PhD Banking & Finance | PhD Business Economics | PhD Finance |
-
Management Courses:
As we all know, management is one field that requires top industry professionals and managers to excel. There are many management courses that are available at master level. Admission is based on entrance exams such as CAT, MAT, XAT, GMAT, GRE, CMAT and other management entrance exams.
They provide a plethora of job opportunities and better career prospects in different high paying fields such as management, finance, international business, business analytics, supply chain, logistics, healthcare management, and many more.
Following are the top master level or higher management courses that MCom students are eligible to pursue to enter the demanding field of management:
| MBA (Master of Business Administration) | PGDM (Post Graduate Diploma in Management) |
| PGPM (Post Graduate Program in Management) | Executive Fellow Program in Management |
-
Bachelor of Law (LLB):
It is the only recognized law degree that should be used only if you want to become a legal expert or enter the field of legal studies and management. LLB is of 3 years and offers great career prospects such as Lawyer, Advocate, Legal Expert, Corporate Lawyer, Legal Consultant, Government Lawyer, etc. The salary in the law fields increases with experience and knowledge.
The following list shows the top certification courses that students can puruse after MCom to have a great career in the field of accountancy, finance, and economics, both in India and Abroad:
-
Chartered Accountancy (CA)
CA is highly pursued by most of the Indian students from commerce background because of the financial stability, career respect and higher paying job options. The average salary range of a CA is around INR 7-20 LPA in India according to Payscale.
-
Certified Management Accountant (CMA)
If you are highly interested in working globally in the account management field, then opting this course is the best option. CMA is offered by the Institute of Management Accountants (IMA), USA and offers a great deal of career prospects. The Average Salary after this course is around INR 5-20 LPA in India, and upto INR 30 LPA in the US.
-
Chartered Financial Analyst (CFA)
CFA is one of the most respected and difficult courses to qualify. It is one of the best certification courses out there in the world, providing and regulating higher standards of education in the field of finance. Students are required to qualify three levels of examinations in order to officially work as a CFA. The average salary of around INR 4-25 LPA can be expected after this course in India.
-
Certified Financial Planner (CFP)
CFP is again one of the highly pursued courses after BCom honors to officially work as a Financial Consultant in India. The certification provides an extra edge to the candidates and provides better compensation in the industry. The average salary can be around INR 4-15 LPA, and even more in some scenarios after relevant experience and successful client base, if you are working independently.
-
Public Accounting (CPA)
US certified Public Accountant is one of the highest certifications that you can earn in the US, that can help you to uplift your career globally in the field of accounting. The average salary can be around INR 7-20 LPA in India after qualifying this certification.
-
Financial Risk Manager (FRM)
If you are interested in risk management and its allied fields, then you should pursue FRM. It is a globally recognized certification for finance and banking professionals by Global Association of Risk Professionals (GARP, USA). The average salary can be around INR 10-17 LPA in India and even more in the US.
-
Association of Chartered Certified Accountants (ACCA)
ACCA is one of the fastest growing organizations that is particularly aimed for accountants in the world. After joining ACCA, students have great career prospects in India and all over the world, and there are opportunities to bag a salary of around INR 6-16 LPA, and above.
MCom: FAQs
Ques. What are the types of MCom?
The different types of MCom are:
- Mcom Regular
- MCom Financial Management
- MCom Accounts and Finance
- MCom Finance
- MCom Computer Applications
- MCom Business Management, etc.
Ques. What opportunities do I have after completing MCom? What is the scope of MCom in India?
If you aspire to go forward in your career, there are many courses after MCom that you can pursue like PhD, CA, CFA, CFM, CFP, ICW, LLB, and others.
These courses will provide MCom students an extra edge that helps them to perform better in their career, and they have an opportunity to earn an average salary of around INR 6-12 LPA.
If you are interested in teaching, you can associate yourself with some coaching institute of classes and earn pretty well. If you want to get into lecturership then you can qualify NET exam and become a Professor in a distinguished college or institute, and earn around INR 4-10 LPA, and even more as per the government standards.
Ques. Which is better: MCom or MBA?
- MCom will offer you jobs in the finance and banking sector, and professionals can become an Accountant, Tax Consultant, CA, CFA, Financial Consultant, Business Consultant, etc. As mentioned above as well, there are many higher degrees and courses that students can pursue after post graduation.
- MBA, on the other hand offers management level and leadership positions in various sectors that could be marketing, finance, international business, digital marketing, e-commerce, data & business analytics, etc. The average starting salary after MBA from a top B-School is around INR 12-20 LPA. The average fees to pursue MCom is a lot less than MBA. It can go upto INR 23 Lakhs to complete MBA from IIMs, SJIMER, NMIMS, etc.
Students who are genuinely interested in the commerce field and want to achieve a higher position in accounting, banking or taxation, then MCom is the course that you want to pursue. But if you want to enter the field of corporate industry as a management professional and expert then MBA is the best study option for you.
Ques. Is it worth doing MCom correspondence from IGNOU?
Ques. What is the criteria for MCom admission in SRCC?
- Direct Admission is granted on the basis of marks obtained in BCom course. It should be above 90%.
- Entrance Exams are conducted yearly that offer MCom admissions, and based on the performance students will be granted admission in SRCC.
Ques. What is the passing criteria for passing IGNOU MCom?
- Theory Subjects: A minimum of 40% in total in all the theory subjects.
- Assignments: A minimum of 50% in total in all the submitted assignments.
- Final Marks: 70% of theory+ 30% of assignments, which should be a minimum of 40% of the total marks.
Ques. What are the best colleges for MCom?
- Delhi University
- Christ University
- IGNOU
- Banaras Hindu University (BHU)
- Lucknow University
- Allahabad University
- Mumbai University
- University of Calcutta
- Bangalore University, among others.
To know more, check Top MCom Colleges in India 2023.
Ques. Can I become a CA after doing an MCom?
Ques. Which is better, Master of Commerce or LLB?
So, it totally depends upon your interest, which master degree to choose. LLB offers greater career prospects than a simple MCom. MCom is beneficial if you are interested in higher studies and wants to go into lectureship or teaching in colleges or universities.
Ques. How many subjects are there in Master of Commerce 1st year?
- Organizational Behaviour
- Human Resource Management
- Managerial Economics
- International Business
- Micro Economics & Macro Economics
- Statistics
- Operational Research
- Accounting Theory
- Business Ethics and Corporate Governance
- Marketing Management
Ques. What has been the highest placement package at Delhi School of Economics in MCom course?
Ques. What is the average placement in Banaras Hindu University after Master of Commerce?
Ques. Is it true that BHU PET exam date is postponed due to COVID-19 crisis?
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