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Master of Commerce in Finance and Controls, also known as MCom Finance and Controls is a 2-year postgraduate course in the field of Finance and Commerce. The course is divided into 4 semesters. It basically discusses important topics related to management and control of all the financial operations in an organisation.
The candidates must complete a Bachelor degree in the field of commerce or finance with a minimum of 50% aggregate marks to be eligible for MCom Finance and Controls. The candidates from reserved categories will need to score a minimum of 45% marks to be eligible for the course.
The admission process to the MCom course varies from university to university and can be either merit-based or entrance based. The entrance exams for this course are conducted by the universities themselves.
The average annual fees for studying MCom Finance and Controls in India ranges between INR 30,000 to 1,00,000. Some public universities offer this course at as low as INR 5,000 per annum.
See Also: MCom Finance and controls
Some subjects taught during the program are: Economic Analysis and Decision Making, Accounting for Managerial Decision, Financial Accounting, Risk & Insurance Management, Quantitative Techniques for Management, Investment Analysis & Equity Research, Marketing management, Merchant Banking & Financial Services, Financial Management, International business and more. Colleges offer their own electives from which the students can choose from.
The average annual salary offered to MCom Finance and Controls candidates range between INR 6,00,000 to 15,00,000 per annum. The salary may increase significantly with the experience of the candidates.
MCom Finance and Controls: Course Highlights
| Full-Form | Master of Commerce in Finance and Controls |
| Course Level | Post Graduate |
| Duration | 2 years |
| Examination Type | Semester |
| Admission Process | Mostly Entrance Based |
| Eligibility Criteria | Graduate in Commerce |
| Average Annual Fees | INR 30,000 to 1,00,000 |
| Average Annual Salary | INR 6,00,000 to 15,00,000 |
| Top Recruiting Areas | Financial Controller, Financial Manager, Financial Officers, and many other related job positions. |
MCom Finance and Controls: Admission Process
For admission to MCom Finance and Controls Course, most of the colleges will consider your BCom aggregate marks. The basic admission process for this course is discussed below.
- Step 1: Application: The candidates must apply to the individual colleges via the online or offline application forms. The candidates will be asked their personal details like ID proof, academic credentials and percentages, etc.
- Step 2: Shortlisting: Candidates will then be shortlisted based on the information.
- Step 3: Merit Lists: After shortlisting the candidates, these candidates will be called for further rounds of admission like a personal interview.
- Step 4: Counselling: The shortlisted candidates must report to the college/reporting centre with all the relevant documents.
- Step 5: Document Verification: The candidate’s documents will be verified by the officials.
- Step 6: Enrollment: The candidates found eligible during document verification will be enrolled on the MCom Finance and Controls course.
MCom Finance and Controls: Eligibility Criteria
Admission to the MCom Finance and Controls course on the basis of aggregate of the qualifying examination. Candidates must have at least a minimum of 50% aggregate marks
How to get Admission to Top MCom Finance and Controls Colleges?
The candidates must keep in mind the following tips to get selected in top MCom Finance and Controls Colleges.
- The candidates must score well above 65% to 70% marks in graduation to secure their seats in the top colleges. They will need around 60% marks for getting a medium level college.
- This course requires high management and communication skills along with sound financial handling. So, the candidates will be tested on the basis of these skills during the personal interview and document verification round.
- Fill the application form carefully, so that it does not have any errors. Errors in the application may lead to the cancellation of the candidature.
- The candidates with prior experience of working in the financial sector must highlight their employment aspects in the CV.
- Candidates with letters of recommendation will get preferences, however, it is not compulsory.
MCom Finance and Controls: What is it About?
- MCom Finance and Controls cover every aspect of financial management and control in any organisation.
- The course discusses the process of financial and economic decision making and their impacts in the future. These include Tax Management and Planning, Risk and Insurance, and many other related topics.
- The course includes important topics of financial management. These discuss the management of both debits and credits of an organisation. They include Quantitative Financial Management, Strategic Financial Management, International Finance Management, among others.
- The course also touches on the accounting and taxation topics which are very important for any employee working in the financial sector. The course will also cover mutual funds, portfolios, the financial environment, and many other related topics.
- Subjects related to Banking, Investments, and financial services are also covered in this course. The candidates are also taught how to market and sell these services.
- Apart from these financial topics, the course also covers several important management related topics in detail. The subjects taught include Marketing Management, Retail Management, Small Business Management, Entrepreneurship Management, and many others.
- Overall, this course will not only impart enough knowledge to make students capable of all the financial operations of an organisation, but it will also make students capable enough to take important financial decisions and manage their implementation.
Why Study MCom Finance and Controls?
MCom Finance and Controls comes with some massive advantages, which are being discussed below.
- The candidates completing this course will get respectable job profiles in established financial institutions.
- They will have job opportunities in both Government and Private sector organisations. Also, finance managers are recruited in all the sectors like IT, Industry, Corporate and many other sectors. So, it is not compulsory to work only in the financial sector.
- The candidates are offered a very high salary which ranges from INR 8,00,000 to 15,00,000 or even higher. This is considerably higher than in many other courses.
- The candidates will get many managerial jobs even if they don't complete an MBA. Thus, this course has similar job opportunities to MBA, though the fees for this course is considerably lesser than the MBA courses.
- The candidates will get multiple opportunities to work and collaborate with international organisations and they can even go to work and study abroad.
MCom Finance and Controls: Top Colleges
Not many colleges offer this course in India. Top Colleges offering MCom Finance and Controls course are tabulated below.
| College Name | Average Annual Fees |
|---|---|
| Alagappa University, Karaikudi | INR 5,500 |
| BJB Autonomous College, Bhubaneswar | INR 25,000 |
| Udayanath College of Science and Technology, Cuttack | INR 41,000 |
| Mahendra Institute of Management and Technical Studies, Khorda | INR 1,00,000 |
| Vikram University, Ujjain | INR 11,331 |
| Institute of Media Studies, Bhubaneshwar | INR 80,000 |
| Mohanlal Sukhadia University, Udaipur | INR 20,000 |
MCom Finance and Controls: College Comparison
The top three colleges offering MCom Finance and Controls course have been compared in the table given below.
| Parameters | Alagappa University | BJB Autonomous College | Udayanath College of Science and Technology |
|---|---|---|---|
| Overview | Alagappa University is a renowned public university in Karaikudi. It offers UG, PG and PhD level courses. It was established in 1985 and is recognized by UGC. | Buxi Jagabandhu Bidyadhar Autonomous College, also known as BJB college, is a public autonomous college affiliated with Utkal University. It is a NAAC A graded institute. It offers UG and PG courses. | Udayanath College od Science and Technology is an autonomous undergraduate and postgraduate college focused in the field of Science and Engineering. It also offers Commerce and Management courses. |
| Location | Karaikudi | Bhubaneswar | Cuttack |
| Admission Process | Merit-Based | Merit-Based | Merit-Based |
| Average Annual Fees | INR 5,500 | INR 25,000 | INR 41,000 |
| Average Placement Package | INR 2,00,000 | INR 2,20,000 | INR 2,50,000 |
| Top Recruiters | Axis Bank, HDFC Bank, City Union Bank, Cognizant, etc. | TCS, Wipro, Technotip, L&T, etc. | TCS, Wipro, etc. |
MCom Finance and Controls: Distance Education
Though very rare, the course is offered in Distance Learning mode by a few reputed distance learning schools in India.
- The candidates must be a graduate degree holder in Commerce to get admission to this course. Admission will be granted on the basis of merit.
- The duration of the course ranges from 2-3 years. The materials will be offered to the candidates in postal and online modes.
Colleges that offer this course in distance learning mode are:
| College | Average Fees |
|---|---|
| Alagappa School Of Distance Education, Alagappa University, Karaikudi | INR 8,800 |
| School of Distance Education, University of Kerala, Thiruvananthapuram | INR 13,350 |
| Amity Online University | INR 150,000 |
MCom Finance and Controls: Course Syllabus
The semester wise breakup of the subjects taught in MCom Finance and Controls course is tabulated below.
| Semester I | Semester II |
|---|---|
| Management Concepts | Management of Financial Institutions |
| Economic Analysis and Decision Making | Accounting for Managerial Decision |
| Financial Accounting | Risk & Insurance Management |
| Quantitative Techniques for Management | Investment Analysis & Equity Research |
| Marketing management | Merchant Banking & Financial Services |
| Financial Management | International business |
| Business & financial environment | Mutual Fund & Portfolio Management |
| Financial Markets & Instruments | Research Methodology & Business Communication |
| Semester III | Semester IV |
| Financial derivatives & Risk Management | Strategic Financial Management |
| International Finance | Corporate governance & Business Ethics |
| IT for Managers | Commodity Markets & Futures |
| Strategic Management | Retail Management |
| Tax planning & Management | Business & Corporate Law |
| Service Marketing | Accounting Standards & Small Business Management |
| Corporate Re-structuring & Financial Engineering | M Entrepreneurship & Small Business Management |
| Training Projects | Project & Viva voice |
MCom Finance and Controls: Course Comparison
The MCom Finance and Controls course have been compared to MBA Finance course in the table given below.
| Parameters | MCom Finance and Controls | MBA Finance |
|---|---|---|
| Full-Form | Master of Commerce in Finance and Controls | Master of Business Administration in Finance |
| Domain | Commerce | Management |
| Overview | MCom Finance and Controls cover almost all the financial control and financial management related topics but it is mostly a theory-based academic approach. Also, the management topics discussed mostly focuses on finance-related matters. | MBA Finance covers topics related to financial management, risk management and financial decision making in a more practical and technical way. It is a management degree so it focuses on the overall management aspects and how the financial decision may impact it. |
| Duration | 2 years | 2 years |
| Eligibility | Bachelor degree in commerce | Bachelor in any discipline with minimum 50% aggregate marks |
| Admission Process | Merit-based | Entrance-based |
| Examination Type | Semester | Semester |
| Top Colleges | Alagappa University, Vikram University | IIT Kharagpur, IIT Bombay, IIT Roorkee, IIT Madras, etc. |
| Average Annual Fees | INR 30,000 to 1,00,000 | INR 3,00,000 to 15,00,000 |
| Job Profiles | Financial Controller, Financial Manager, Financial Officers, and many other related job positions. | Finance Manager, Finance Officer, Finance Planner, Chief Finance Officer, etc. |
| Average Annual Salary | INR 6,00,000 to 15,00,000 | INR 6,00,000 to 25,00,000 |
MCom Finance and Controls: Future Scopes
The students completing MCom Finance and Controls course will have the following future scope options available for them.
- The candidates can do higher courses like MPhil and PhD in Finance, Finance and Controls, and other related streams.
- The candidates will have to qualify for exams like UGC-NET, UGC-CSIR-NET, etc to get admission in PhD courses in Finance and Controls.
- The candidates who wish to get better job opportunities in future should definitely go for MBA courses. Many relevant courses like MBA in Finance, MBA in Operations, etc are available for these candidates.
- The candidates will have to qualify in MBA Entrance Exams like CAT, MAT, CMAT, etc to get admission in the MBA courses. These courses will help them to get very good salary packages in future.
- The candidates can also apply for various government service exams in the financial and banking sectors to get jobs as Provisionary Officers and Managers in Banks.
MCom Finance and Controls: Job Profiles
The major job profiles along with the expected average annual salary for MCom Finance and Controls course are tabulated below.
| Job Profiles | Job Description | Average Annual Salary |
|---|---|---|
| Financial Controller | Financial Controllers control and keep track of all the financial transactions. They also see the overall financial aspect of the organisation. | INR 18,00,000 |
| Financial Manager | Finance Managers manage the finances of a company. This includes releasing finances to employees, keep a record of credits and debits, etc. | INR 9,50,000 |
| Assistant Controller of Finances | Assistant Controller of Finances assists the controller of finances in keeping a track of all the financial transactions of a company. | INR 9,00,000 |
| Chief Financial Officer | Chief Financial Officer or CFO is the highest authority to decide on any finance-related matter in an organisation. | INR 25,00,000 |
| Finance Director | Financial Directors are board members who decide and foresee the financial decisions and financial situations of the organisation. | INR 25,00,000 |
MCom Finance and Controls: FAQs
Ques. What are the advantages of the MCom Finance and Controls course over the MBA Finance course?
Ques. Can I get employed in the Banking sector after completing the MCom Finance and Controls course?
Ques. Which reputed Public universities offer MCom Finance and Controls course in India?
Ques. Can I do an MBA course in Finance after completing the MCom Finance and Controls course?
Ques. Why should I consider doing MCom in Finance and Controls after completing BCom?
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