MCom or Master of Commerce is a specified postgraduate course in the field of banking, insurance, finance, economics and other related aspects of the commerce industry.
Admissions are usually granted to students who are from commerce background with a minimum of 40% in their Bachelor's degree, on the basis of performance in a relevant MCom Entrance Exam.
All the colleges and universities almost follow the same guidelines and have the same subjects that was approved by UGC. The syllabus and subjects included is different for each course specialization.
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MCom Syllabus
Master of Commerce's course curriculum and program structure is regulated and almost all the universities’ syllabus and course structure is the same with minor variations in the subject names.
In the syllabus, there are compulsory core subjects which are the same in all the MCom specializations and there are different elective subjects offered by the college that students can choose in the last year to focus in a particular area of expertise.
Apart from theory classes, subject assignments, project work, internships and research work is promoted. Students are given opportunities to attend workshops and seminars to increase their knowledge.
In the last year, almost all the colleges ask students to submit a proper dissection after doing a relevant project work for 3-6 months duration, and it's scores are also included in the final year or semester end examinations.
The table below shows MCom syllabus along with important subjects included in the course curriculum:
| MCom Subjects | Topics Included | |
|---|---|---|
| Organisation Theory and Behaviour | Different Organization theories and behavior | Decision Making and Communication |
| Contemporary theories of motivation | Concept of Leadership, Power and Conflict | |
| Organizational Culture and Development | Stress Management | |
| Economic Analysis | Theories of Firm and its objectives | Consumer Behaviour |
| Classifications of Cost and Production | Price and output relationship of different market structures | |
| Pricing Theories | Case Studies | |
| Financial Management and Policy | Nature, Objectives and Scope of Financial Management | Capital Budgeting Decisions |
| Capital structure, Planning and management | Corporate Restructuring | |
| Managerial Accounting | Concept and Function of Managerial Accounting | Concepts and Classifications of Cost |
| Cost Volume Profit Analysis | Nature and Functions of Budgeting | |
| Responsibility Accounting and Divisional Performance Measurement | Divisional Performance Measurement | |
| Business Environment and Business Decisions | Basic IS-LM frame-work & Asset markets concept | Expectations and Economic Behaviour |
| Globalisation, Liberalisation and Business environment | Consumer Laws, Cost and Business Behaviour | |
| Integer Programming | Inventory Control | |
| Markov Analysis and Game Theory | Replacement Analysis and Simulation | |
| Marketing Management | Traditional and Modern view of Marketing | Marketing Environment |
| Product and Pricing Decisions | Marketing Planning, Organizing and Control | |
| Accounting Theory and Practice | Types of Accounting Theory and practice, its objectives and scope | Conceptual framework of financial accounting and reporting |
| Measurement and reporting of revenues, expenses, gains and losses | Objectives of Corporate Reporting | |
| Depreciation policy. Valuation of assets and liabilities. | Recent developments in financial accounting and reporting | |
| Security Analysis and Portfolio Management | Nature, process and scope of financial assets investment decisions | Analysis of Fixed Income Securities |
| Analysis of Variable Income Securities (Equity) | Traditional and Modern Portfolio Theories and Management | |
| Corporate Tax Planning | Meaning of tax planning and management, tax evasion and tax avoidance | Computation of corporate tax |
| Tax planning with reference to managerial decisions | Foreign collaborations and incidence of taxation on domestic companies | |
Important Admissions Links:
| Delhi University MCom Admissions 2023 | IGNOU MCom Admissions 2023 |
| MCOM IDOL Mumbai University Admissions 2023 | BHU MCom Admissions 2023 |
MCom Specializations Syllabus
The table below shows some of the elective subjects that are included in the MCom specilaizations:
| Name of the Specializations | Subjects Offered | |
|---|---|---|
| Finance | Financial Market and Institutions | Security Analysis and Portfolio Management |
| Project Management and Financial Services | International Financial Management | |
| Marketing | International Marketing | Marketing Research |
| Advertising and Sales Management Paper | Consumer Behaviour | |
| Taxation & Insurance | Corporate Tax Planning | Principles and Practice of Taxation and Indian Tax System |
| Insurance Management | Actuarial Practice | |
| Human Resource Management | Human Resource Development | HR Training and Development |
| Industrial Relations | Management of Transformation | |
| Computer Applications & IT | Computer Applications in Business | E-Commerce |
MCom Course Books
Check the common books and study material that is mentioned in the final syllabus suggested by the college:
| Name of the Book | Name of the Author |
|---|---|
| Organisational Behaviour | S.P. Robbins |
| Micro Economic Analysis | Varian |
| Management and Cost Accounting | Drury Colin |
| Quantitative Techniques in Management | N.D. Vohra |
| Operations Research: An Introduction | Hamdy Taha |
| Marketing Management | Kotler Philip and Kevin Keller |
| Financial Accounting Theory and Analysis | Richard G. Schroeder, Myrtle W. Clark and Jack M. Cathey |
| Investment Analysis and Portfolio Management | Frank K. Reilly, and Keith C. Brown |
| The Tax and Corporate Law | Taxman |
Usually, all the colleges provide admitted students with a relevant study material, lectures and suggested readings.
MCom Syllabus FAQs
Ques: Which subject is best for M Com?
Ans: The candidates generally need to pass the relevant subjects in BCom to undertake that specialization at the MCom level. For example, if the candidates want to pursue MCom in Marketing, then they need to study BCom in marketing at the graduation level.
Ques: Is MCom better than MBA?
Ans: MCom is better at developing an intricate theoretical knowledge about the particular subjects. The MCom course becomes much more handy for students who want to pursue a career in research and development or pursue a career in teaching. MBA on the other side is based on practical learning and focuses on case studies. A MBA graduate earns almost double the amount of money than a MCom graduate in India (MBA salary: INR 796,512 per annum, MCom salary INR 372,913 per annum)
Ques: What is next after MCom?
Ans: Candidates after completion of the MCom can pursue MPhil or PhD degree if they are interested in teaching or research. Other professional courses the candidates can pursue are CA, CFA, CS or MBA.
Ques: Does MCom have maths?
Ans: Maths in MCom is not necessary for all the courses. However, some universities keep the maths or other statistics courses as pass subjects in their syllabus or as elective. However, the candidates need to have knowledge about the basic mathematical operations for subjects such as taxation, accountancy, finance, etc.
Ques: What is the salary of M Com?
Ans: A MCom graduate in India earns INR 372,913 per annum.
Ques: Can I do both MBA and MCom together?
Ans: Yes you can. Candidates can pursue either of the course in regular mode and the other in Distance format or both in Distance mode.
Check out: MBA Distance Education
Ques: What is the use of studying M Com?
Ans: The MCom course can help the candidates to understand about the different theoretical aspects of the different specializations. The MCom courses are more like stepping stones for candidates who want to pursue research courses. Studying MCom allows the candidates to earn at least INR 372,913 per annum
Ques: How much percentage is required for MCom?
Ans: The average percentage required for an MCom course in India is 50% in relevant graduate courses. There a relaxation of 5% for reserved candidates.
Ques: What is full form MCom?
Ans: MCom full form is Master of Commerce.
Ques: What is the fees of M Com in Ignou?
Ans: The fees for MCom in IGNOU is INR 11,000.
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