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M Com or Master of Commerce is a 2 years postgraduate degree course that can be pursued after completing a B Com degree or any relevant graduation degree from a recognised university. To pursue an MCom course, one has to appear for the M Com entrance examinations.
M Com course is offered by numerous institutes in India. It is a highly popular degree across the country. MCom course is generally opted for by candidates who want to make their career in the field of commerce, accountancy, business, finance and taxation. MCom course is offered both online and offline and also in distance mode.
To pursue an M Com course, one has to qualify the MCom entrance examinations held across India. Some of the popular entrance exams for MCom include CUCET, PU CET (PG), AUCET, DU MCom, DUET, SKUCET, JUEE, Jain Entrance Test, DU MCom Entrance Exam, ANUPGCET etc.
Some of the leading job roles offered after MCom are Accountant, Consultant, Banker, Lecturer, Stock Broker etc. MCom course fee usually ranges from INR 5,000 to 1,40,000 LPA. The top colleges offering MCom courses include Delhi University, Mumbai University, Presidency College Bangalore, University of Calcutta, St. Xaviers Kolkata, Osmania University Hyderabad, Loyola College Chennai etc.
The important highlights of M Com course are given below:
The detailed highlights are tabulated below:
Course Name |
Master of Commerce |
Short Name |
M Com |
Course Level |
Postgraduate |
Course Stream |
Commerce |
Course Duration |
2 Years |
Eligibility Criteria |
Bachelor’s Degree |
Selection Procedure |
Merit & Entrance Exam Based |
Master of Commerce Course Fees |
INR 5,000 - 1,40,000 LPA |
Master of Commerce Jobs |
Accountant, Consultant, Banker, Lecturer, Stock Broker etc. |
Master of Commerce Salary |
INR 3,00,000 - INR 5,00,000 LPA |
The eligibility requirement for a Master of Commerce course varies from university to university. The following are the eligibility norms to pursue the Master of Commerce Course, however, the general criteria or the basic requirement remain the same.
There has been a massive surge in the demand for the Master of Commerce professionals across the world. In India, the Master of Commerce Course is offered full-time as well as in distance mode, the details of which are given below:
The detailed admission process of Master of Commerce is given below:
After qualifying the relevant Master of Commerce entrance examination candidates are granted admission on the result list prepared after Master of Commerce entrance examination results, counselling, availability of seats etc.
Throughout India, there are numerous Master of Commerce entrance exams conducted. All these grant admissions into the Master of Commerce Course. Candidates need to qualify these Master of Commerce entrance examinations and excel in achieving the very first step. After qualifying the relevant Master of Commerce entrance examination candidates are granted admission on the merit list prepared after Master of Commerce entrance examination results, counselling, availability of seats etc. Some of the popular Master of Commerce entrance examinations with their details are listed below:
DU MCom Entrance Exam |
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SRMHCAT |
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AUCET Exam |
ANUPGCET Exam |
Kurukshetra University MCom Entrance Exam |
Jain Entrance Test |
OUCET Exam |
|
JUEE Exam |
AKNUCET Test |
AMU Entrance Exam |
MGKVP Entrance |
Loyola College MCom Entrance Exam |
|
There are many public and private universities offering Master of Commerce in India. Given below are the popular universities offering 2 years Master of Commerce Course. Along with every college, their NIRF Ranking is also given. Candidates are advised to go through the table thoroughly and then decide on the desired college of their choice.
College Name |
NIRF Rankings |
Hindu College, DU |
3 |
5 |
|
6 |
|
7 |
|
10 |
|
SRCC, DU |
12 |
Atma Ram Sanatan Dharam College, DU |
13 |
17 |
|
19 |
The detailed list of institutes offering Master of Commerce courses in India along with their fee details is listed below. Master of Commerce Fees vary from college to college but in most cases, it is affordable. Candidates can go through the prospectus available on the official website of all these institutes and read them thoroughly. Candidates should choose their desired Master of Commerce colleges on the basis of numerous factors like location, faculty, rankings, pedagogy, curriculum, infrastructure, fees, placement etc.
There are various Master of Commerce colleges in New Delhi. The Master of Commerce admission in these colleges is mainly done through Master of Commerce entrance examinations. Some of the popular Master of Commerce colleges in New Delhi are listed below:
Master of Commerce College Name |
Master of Commerce Course Fees |
INR 30,700 |
|
INR 18,900 |
|
INR 17,000 |
|
INR 12,700 |
|
INR 19,200 |
|
INR 14,250 |
|
INR 8,600 |
|
INR 15,700 |
There are various Master of Commerce colleges in Mumbai. Some of them are listed below:
Master of Commerce College Name |
Master of Commerce Course Fees |
INR 32,400 |
|
INR 13,300 |
|
INR 14,620 |
|
INR 8,434 |
|
INR 16,000 |
|
INR 6,000 |
|
INR 15,000 |
|
INR 15,500 |
|
Spn Doshi Women’s College |
INR 9,000 |
There are various Master of Commerce colleges in Pune. Some of them are listed below:
Master of Commerce College Name |
Master of Commerce Course Fees |
- |
|
INR 11,512 |
|
Suryadatta College of Management, Information Research & Technology |
INR 60,000 |
INR 22,620 |
|
INR 50,434 |
|
INR 57,000 |
|
Abeda Inamdar Senior College |
INR 10,600 |
INR 12,000 |
|
INR 8,000 |
|
INR 41,100 |
There are various Master of Commerce colleges in Bangalore. The Master of Commerce admission in these colleges is mainly done through Master of Commerce entrance examinations. Some of the popular Master of Commerce colleges in Bangalore are listed below:
Master of Commerce College Name |
Master of Commerce Course Fees |
Presidency College |
INR 90,000 |
INR 90,125 |
|
INR 72,000 |
|
INR 79,500 |
|
INR 1,66,000 |
|
INR 36,000 |
|
INR 78,500 |
|
INR 80,000 |
|
INR 75,000 |
|
INR 1,50,000 |
There are various Master of Commerce colleges in Kolkata. The Master of Commerce admission in these colleges is mainly done through Master of Commerce entrance examinations. Some of the popular Master of Commerce colleges in Kolkata are listed below:
Master of Commerce College Name |
Master of Commerce Course Fees |
INR 43,500 |
|
INR 94,500 |
|
INR 18,000 |
|
INR 20,500 |
|
INR 5,000 |
|
INR 6,000 |
|
INR 62,664 |
|
INR 93,600 |
|
Amity University |
INR 95,000 |
There are various Master of Commerce colleges in Chennai. Some of the popular Master of Commerce colleges in Chennai are listed below:
Master of Commerce College Name |
Master of Commerce Course Fees |
INR 20,500 |
|
Loyola College |
INR 11,580 |
INR 48,700 |
|
INR 12,000 |
|
Presidency College |
INR 2,500 |
INR 1,500 |
|
INR 35,000 |
|
B.S. Abdur Rahman Crescent Institute of Science & Technology |
INR 60,000 |
INR 9,000 |
|
INR 27,000 |
There are various Master of Commerce colleges in Hyderabad. Some of the popular Master of Commerce colleges in Hyderabad are listed below:
Master of Commerce College Name |
Master of Commerce Course Fees |
- |
|
Osmania University |
INR 5,000 |
INR 12,080 |
|
INR 11,000 |
|
Maulana Azad National Urdu University |
INR 6,100 |
INR 1,40,500 |
|
Dr B R Ambedkar Open University |
INR 15,000 |
INR 12,000 |
|
INR 13,000 |
The list of institutes offering Distance Master of Commerce courses in India along with their fee details is given below. Master of Commerce Distance Course Fees varies from college to college but in most cases, it is affordable. Candidates can go through the prospectus available on the official website of all these institutes and read them thoroughly. Candidates should choose their desired Master of Commerce colleges on the basis of numerous factors like rankings, curriculum, fees etc.
Name of the College |
Location |
Average Fees |
Indira Gandhi National Open University |
New Delhi |
INR 11,000 |
SRM University (Distance Education) |
Chennai |
INR 16,000 |
SOL Delhi University |
New Delhi |
INR 10,000 |
Jalandhar |
INR 38,600 |
|
Mahatma Gandhi University, School of Distance Education |
Kottayam |
INR 5,000 |
Annamalai University Distance Education |
Annamalai |
INR 7,000 |
Karnataka State Open University (KSOU) |
Mysore |
INR 13,500 |
Master of Commerce Course Fees varies from college to college, university to university. Master of Commerce Course Fees in India ranges from INR 15,000- INR2,00,000 LPA. The Master of Commerce Course Fees depends upon various factors such as location, ranking, placement, faculty, curriculum etc. Master of Commerce Course Fees in New Delhi range from INR 15,000-INR 30,0000. Master of Commerce Course Fees in Mumbai ranges from INR 15,000-INR 30,000.
Master of Commerce Course Fees in Pune ranges from INR 15,000-INR 40,000. Master of Commerce Course Fees in Bangalore ranges from INR 50,000-INR 1,00,000. Master of Commerce Course Fees in Kolkata ranges from INR 20,000-INR 50,000. Master of Commerce Course Fees in Hyderabad ranges from INR 25,000-INR 60,000. Master of Commerce Course Fees in Chennai ranges from INR 20,000-INR 50,000. Thus, Master of Commerce Course Fee in India is quite affordable and still offers lucrative Master of Commerce Salary.
There are various Master of Commerce specialisations offered in India in both public and private universities. Individuals can choose their desired Master of Commerce Specialisation after considering various factors like course fees, location, colleges and universities offering, rankings, job opportunities, recruiters, industries that recruit law professionals, salary etc. Popular Master of Commerce specialisations are tabulated below:
MCom Accounting & Finance |
MCom Taxation |
MCom Marketing |
MCom Banking & Finance |
MCom Business Management |
MCom Computer Applications |
MCom Business Administration |
MCom Financial Management |
MCom E-Commerce |
MCom Accountancy |
MCom Statistics |
MCom Finance & Control |
MCom Banking |
MCom Economics |
- |
Master of Commerce Syllabus is divided into 2 full years, further subdivided into 6 semesters. The Master of Commerce Syllabus varies from specialisation to specialisation and college to college. There are a few subjects that remain common across all Master of Commerce Course fields which are listed below:
First Year:
Accounting for Managerial Decisions |
Strategic Management |
E-Commerce |
Organisation Behaviour |
Management Concepts |
Commercial Bank Management |
Corporate Legal Environment |
Financial Markets |
International Finance |
Second Year:
Corporate Tax Planning |
International Finance |
Corporate Financial Accounting |
Marketing Management |
Investment Management |
Economics of Global Trade & Finance |
Computer Applications in Business |
Research Methodology in Commerce |
Statistical Analysis |
Some popular books of the Masters of Commerce Course are tabulated below. These books definitely aid students to perform better in the Master of Commerce semester examinations. It is advisable to always study from the latest editions of these books.
Name of the Book |
Name of the Author |
Principles of Accounting |
Dixon Cooper, Mitchell Franklin & Patty Graybeal |
Business Taxation |
Radhakrishnan P |
Financial Accounting |
R. Narayanaswamy |
Cost Accounting |
M.P Gupta |
Financial Management |
I.M. Pandey |
Advanced Cost Accounting |
Mahesh Kulkarni & Suhas Mahajan |
Strategic Management |
Pradeep Kumar Sinha |
Managerial Economics |
Yogesh Maheshwari |
Corporate Accounting |
SK & SN Maheshwari |
Master of Commerce attracts a lot of job opportunities as their credentials are well-identified across the world. Depending on the talent of the candidate, Master of Commerce certified professionals can earn an annual salary varying from INR 3,00,000 LPA to INR 5,00,000 LPA. The Master of Commerce Course Fees are affordable and the Master of Commerce Salary prospects improve after gaining a certain amount of experience. Some of the top job profiles with work details are given below:
Master of Commerce graduates are hired in almost all industries, both public and private. Master of Commerce graduates are offered great experience while working with these employment industries, they help them gain expertise as well as aid them to upgrade their skills. Some of the popular employment areas where Master of Commerce graduates are hired are listed below:
Banks |
Economic Consultancy Firms |
Corporate Sector |
Educational Institutes |
Research Associate Firms |
Import/Export Companies |
Indian Civil Services |
Finance Sector |
Commerce Sector |
Insurance Industry |
Customs Department |
Indian Economic Services |
Indian Economic Services |
Telecom Sector |
Tax Firms |
Commercial Banking |
International Banking |
Accounting & Auditing Departments |
Aviation Sector |
Tourism |
Sales & Excise Departments |
Master of Commerce professionals are hired in almost all industries. Master of Commerce Jobs are available in banks, colleges & universities, telecom, insurance firms, business houses, multinational companies, financial consultancies, news channels, sales tax and excise departments, automobile industry, BPO industry, media, retail industry etc. Some of the top recruiters offering jobs to Master of Commerce professionals are given below:
HDFC Bank |
Deloitte |
PNB Bank |
PwC |
Amazon |
KPMG |
Citi Bank |
Grant Thornton |
EY |
Lodha & Co. |
SBI BANK |
ICICI Bank |
SS Kothari Mehta & Co |
TFC |
IndusInd Bank |
HCL |
Wipro |
Samsung |
OYO |
P&G |
Capegemini |
IBM |
Infosys |
Reliance |
Genpact |
Tata Consultancy |
WNS Global Services |
BSNL |
HEC Ltd. |
National Small Industries Corporation Limited (NSIC) |
Dell |
Tata Motors |
Flipkart |
Listed below are the best Master of Commerce Jobs and Master of Commerce Salary packages offered to Master of Commerce degree holders. Master of Commerce Fees are affordable and one still gets decent pay after completing this course. Master of Commerce Salary may vary depending on several factors like prior work experience, skill set etc.
Master of Commerce Jobs |
Average Salary |
INR 2,50,000 - INR 4,50,000 LPA |
|
Business Analyst |
INR 6,00,000 - INR 9,75,000 LPA |
INR 7,00,000 - INR 10,00,000 LPA |
|
INR 4,50,000 - INR 7,50,000 LPA |
|
INR 7,00,000 - INR 15,00,000 LPA |
|
Finance Manager |
INR 8,50,000 - INR 17,00,000 LPA |
Lecturer |
INR 4,60,000 - INR 6,00,000 LPA |
INR 5,60,000 - INR 20,00,000 LPA |
|
School Teacher |
INR 3,00,000 - INR 6,00,000 LPA |
Finance Analyst |
INR 8,00,000 - INR 16,00,000 LPA |
Marketing Manager |
INR 4,60,000 - INR 8,00,000 LPA |
Operations Manager |
INR 7,60,000 - INR 18,00,000 LPA |
INR 10,60,000 - INR 50,00,000 LPA |
Commerce & Finance touches practically every facet of human existence, such as politics, human rights, economics, business, foreign trade, environment, foreign diplomacy etc. Thus, in India, a lot of good and reputed colleges offer Master of Commerce Course. Thus the significance of a Master of Commerce degree in a country like India comes in huge demand especially in contemporary times. Master of Commerce Course is considered reputed, affordable and well-paid in India as well as abroad. Individuals who want lucrative careers by joining top firms and government organizations or the ones who want to practice independently can choose a Master of Commerce Course.
The Master of Commerce Course is quite competitive & difficult being a postgraduate degree. The entire journey of the Master of Commerce Course demands knowledge of the subjects along with candidates' diligence, endurance and willpower.
Master of Commerce Course is considered a holistic professional degree; thus, only passing the Master of Commerce Course exams is not enough. Clearing exams will definitely grant certification but one needs to acquire the skill set for the Master of Commerce Course as well. So, in order to pursue a Master of Commerce Course, the professionals need to have the following skill-set:
Time-Management Skills |
Diligence |
Discipline |
Logical Reasoning |
Patience |
Resilience |
Self-Confidence |
Quick Learner Abilities |
Critical-Thinking Ability |
Organisational Skills |
Ability to Remember Facts & Figures |
Strength in Mathematics |
Integrity |
Analytical Skills |
Decision Making Skills |
Self-Motivation Skills |
Leadership |
Problem Solving Attitude |
Eye For Details |
Statistical Mindset |
Knowledge of the Banking Sector |
Knowledge of the Finance Sector |
Good With Computers |
Ability to Handle Pressure |
Verbal Communication Skills |
Understanding of Data Interpretations |
- |
Master of Commerce is one of the most well known & reputed courses offered across the world. The Master of Commerce professionals are in huge demand throughout India and abroad and can get lucrative opportunities to work. The Master of Commerce Course Fees is also less and The Master of Commerce Salary is quite decent. Individuals interested in making a career in the commerce, banking and accounting field should definitely opt for the Master of Commerce Course.
Given below are some of the benefits of pursuing a Master of Commerce Course:
Yes, you can choose a Master of Commerce distance or online in such a scenario as MBA is best when done from a regular program. You can also pursue a Master of Commerce after completing your MBA, this is also done by many students who want both their degrees to be regular and not distance or online.
The demand after completing a Master of Commerce degree is great. Master of Commerce offers specific specializations depending on which the candidate can select their preferred interests such as M.Com in Business Management, M.Com in Finance, or even M.Com in Financial Management etc.
The eligibility to get admission in the Master of Commerce course is that the candidate must have cleared a bachelor degree in commerce. However, some of the universities offer admission to Master of Commerce course to candidates who have passed Honors in Economics or Management. But, with bachelor degree in science one is not eligible to get admission in Master of Commerce Course.
Master of Commerce (MCom) is a postgraduate master's degree comprising commerce- related subjects like- accounting, management, business studies and economics. The course can land one into great jobs like lectureship, banking, audit and accounting.
Yes, Tally Course will surely help one in getting a good job in a bank with a decent salary package and will help candidates to get a stable and secured career.
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