Top 10 MCom Specialization In Demand 2024 - How to Choose?

After graduating from a commerce background, the first choice for candidates is a Master of Commerce (M.Com) degree. This PG program helps you gain knowledge on various aspects of the commerce & finance fields. In 2 years of this course, you will be equipped with some valuable skills & advanced methodologies that will be fruitful for your career.

M.Com is a PG program with minimum eligibility criteria for a bachelor’s degree in commerce or related discipline. It can be taken up after clearing the entrance exams of CUET, PU CET, BHU PET, IPU CET, AUCET, etc. At some universities, you can apply directly for this program that will facilitate your higher education journey.

Pursuing an M.Com helps you attain your career goal but doing it in the right specialization can make you achieve them at a faster pace. Since there is a variety of specializations available in M.Com, choosing one of them is a bit tough. However, with a list of the trending M.Com specializations this task can be completed easily.

In this blog, you will get detailed knowledge on the top 10 trending specializations of M.Com in 2024 that will make you climb up the organizational ladder with some highly rewarding outcomes.

Top 10 M.Com Specializations in 2024

1. M.Com in Computer Applications

M.Com in Computer Applications helps you gain knowledge in both computer & commerce fields. This technical major makes you use applications & software in the business world for an efficient workflow. The technicalities & advanced methodologies learned in this program will give you an edge over others in the business industry.

Why should you opt for an M.Com in Computer Applications?

After completing this major, you have an open way in both commercial sectors & the software industry. You can even secure a job in government organizations with this PG degree. Moreover, the demand in the software industry for M.Com in Computer Applications graduates promises a good scope in the future.

Here is a summary of some essential aspects of M.Com in Computer Applications.

Accreditations	UGC
Course Duration	2 years
Approximate Fee Range	60,000 to 2 lakh INR
Accepted Mode of Learning	On-Campus/Regular Online Distance Part-time
Important Subjects	Fundamental of Computers Internet and Web Designing E-Commerce Business Accounting Software Office Automation Banking Practice
Top Colleges For the Course	NGM College, Pollachi Dr. SNS Rajalakshmi College of Arts and Science, Coimbatore Kongu Arts and Science College, Erode Annamalai University Lovely Professional University
Job Profiles	Stockbroker Auditor Accountant Finance Consultant Budget Analyst Book Keeper Business Consultant, etc.
Salary Trend	6 to 15 LPA
Top Hiring Firms	Deloitte Amazon Capgemini KPMG Infosys E&Y Dell CTS Wipro, etc.

2. M.Com in Accounting & Finance

Financial planning is one of the major aspects you must be aware of to run a business or join an organization with a firm grip on the business industry. An M.Com in Accounting & Finance equips you with all the details of accounting & related concepts to help you take your career in the right direction with proper knowledge.

Why should you opt for an M.Com in Accounting & Finance?

This particular program is capable of landing you at your dream job in the banking & finance sector. With a core understanding of topics learned in this program, you can even apply for a Ph.D. or M.Phil for higher studies. 

A summary of M.Com Accounting & Finance is tabulated below to help you better understand.

Accreditations	UGC
Course Duration	2 years
Approximate Fee Range	50,000 to 2 Lakhs INR
Accepted Mode of Learning	On-Campus/Regular Online Distance Part-time
Important Subjects	Insurance and risk management Economics of Global Trade and Finance Corporate Legal Environment E-Commerce Managerial Finance Indirect Taxation
Top Colleges For the Course	Motilal Nehru College, New Delhi Hindu College, New Delhi Amity University, Noida Bharati Vidyapeeth Deemed University, Pune Jain University, Bengaluru
Job Profiles	Business Consultant Finance Consultant Investment Banker Cost Accountant Stock Broker, etc.
Salary Trend	6 to 12 LPA
Top Hiring Firms	Tata AIG Wipro Google IBM Reliance HCL Capgemini Maruti Suzuki TCS HDFC  Amazon, etc.

3. M.Com in Human Resource Management

HRM or Human Resource Management is another trending major in the commerce field that makes you learn people management skills for a strong foundation for your organization. An M.Com in HRD prepares you well for the MNCs, banking & finance, & corporate houses in both private & government sectors.

Why should you opt for M.Com Human Resource Management?

With an increasing demand for HRM graduates, the scope of candidates with a PG degree in the same domain has increased by many folds. The competitive salary packages & stable job profiles make this major one of the popular choices among business professionals. 

Some important facts about M.Com Human Resource Management are provided below to give you clarity on its prospects.

Accreditations	UGC
Course Duration	2 years
Approximate Fee Range	50,000 to 2 Lakhs INR
Accepted Mode of Learning	On-Campus/Regular Online Distance Part-time
Important Subjects	Theories of Human Development Guidance & Counselling Early Childhood Education Parent and Community Education Techniques of Child Study Child Development
Top Colleges For the Course	​​​​​​​Amity University, Noida University of Jammu, Jammu Maharshi Dayanand University - [MDU], Rohtak Maharaja Sayajirao University of Baroda - [MSU], Vadodara The Oxford College of Business Management, Bangalore
Job Profiles	Human Resource Manager Human Resources Recruiter Office Manager HRD Executive Client Relationship Manager, etc.
Salary Trend	6 to 12 LPA
Top Hiring Firms	Infosys TCS Wipro Google Standard Bank HCL Capgemini HDFC, etc.

4. M.Com in Marketing

An M.Com in Marketing is an area that makes you understand consumer behavior, market research, functional areas of marketing, marketing management, etc. This PG specialization helps you focus on market strategies & trends with a foundation in the commerce field. 

Why should you opt for M.Com Marketing?

The knowledge of marketing research & analysis is quite vital for your marketing career. The in-depth theoretical & practical learnings of this program can help you opt for a lot of rewarding courses to become a CA, CCA, CCP, & BFSI professional. 

A few points about M.Com Marketing are listed here to you a clear idea of this major. 

Accreditations	UGC
Course Duration	2 years
Approximate Fee Range	40,000 to 1.5 Lakhs INR
Accepted Mode of Learning	On-Campus/Regular Online Distance Part-time
Important Subjects	General Marketing International Marketing Service Marketing Marketing Channels Retail Management Consumer Behavior
Top Colleges For the Course	Veer Narmad South Gujarat University, Surat Lovely Professional University Tamil University: Directorate of Distance Education, Tamil Nadu Amity University, Noida Sri Venkateswara University (SVU)
Job Profiles	Marketing Operations Specialist Public Relations Manager Communications Manager Management Associate Business Manager, etc.
Salary Trend	5.5 to 10 LPA
Top Hiring Firms	Infosys TCS Dell CTS Wipro Google Standard Bank HCL City Bank Capgemini HDFC, etc.

5. M.Com in Foreign Trade Management

M.Com in Foreign Trade Management is the globalization of marketing that makes you learn about international marketing & the key differences between the national & international marketing processes. This major opens your doors to international platforms & provides you with some exciting career opportunities.

Why should you opt for the M.Com Foreign Trade Management?

The opportunity to work with international firms is the prime reason to choose this course. The career prospects in the high-paying sectors of Export Companies, International Banks, Ports and Harbors, Public Sector Houses, etc. make this major of M.Com worth pursuing.

A summary of important aspects of the M.Com Foreign Trade Management is provided below to equip you with essential knowledge of this major.

Accreditations	UGC
Course Duration	2 years
Approximate Fee Range	50,000 to 2 Lakhs INR
Accepted Mode of Learning	On-Campus/Regular Online Distance Part-time
Important Subjects	International Business Foreign Exchange Management Export Management International Trade Laws Global Marketing Economic Policies
Top Colleges For the Course	Indian Institute of Foreign Trade Symbiosis Institute of Management Amity University, Noida Lovely Professional University, Jalandhar Narsee Monjee College of Commerce & Economics, Mumbai
Job Profiles	Auditor Budget Analyst Equity Research Analyst Business Analyst / Corporate Analyst Investment Banker, etc.
Salary Trend	5 to 10 LPA
Top Hiring Firms	Standard Bank Infosys TCS City Bank Dell Wipro Google HDFC CTS HCL Capgemini, etc.

6. M.Com in International Business

M.Com in International Business (IB) is concerned with international trade issues & relations. This program prepares you to face the global challenges of the commercial field. Moreover, the knowledge of global business methods helps you stand out from the crowd & makes you the first choice of top recruiters in the country. 

Why should you opt for M.Com International Business?

Getting global is always a better option whether considered in terms of education or a job. M.Com in International Business is one such program that makes you learn the tactics of the international market & ultimately gets you placed in one of those firms. The competitive salary packages & exciting company perks are the major attractions for the learners of this program.

An overview of M.Com International Business is provided in the table below to get you a more profound knowledge of this particular specialization.

Accreditations	UGC
Course Duration	2 years
Approximate Fee Range	60,000 to 2 Lakhs INR
Accepted Mode of Learning	On-Campus/Regular Online Distance Part-time
Important Subjects	International Business Environment International Banking and Financial Markets International Financial Management International Legal Environment International Economics Foreign Exchange & Risk Management
Top Colleges For the Course	St. Joseph's College of Commerce - [SJCC], Bangalore PSG College of Arts and Science, Coimbatore Annamalai University - [AU], Chidambaram University of Madras, Chennai Jain (Deemed-to-be University) Online, Bangalore
Job Profiles	International Business Consultants Business Development Manager International Business Developer Business Development Specialist International Business Developer Executive, etc.
Salary Trend	4 to 10 LPA
Top Hiring Firms	McKinsey & Company Amazon Google Genpact Deutsche Bank Deloitte Infosys TCS Dell Wipro HCL Capgemini, etc.

7. M.Com in Banking & Insurance 

The specialization of M.Com in Banking and insurance deals with the basic concepts of accounting, banking, insurance risk, insurance law, etc. The study of this major will help you make your way to the employment areas of Indian Economic Services, the Automobile Industry, the Insurance Industry, & many others.

Why should you opt for M.Com Banking & Insurance?

M.Com in banking & insurance is a major that makes your banking career possible in a short span. The systematic study of the core concepts of this program helps you get placed at your dream job with a big-fat salary package. 

Some of the key factors that you must know about M.Com Banking & Insurance are listed here.

Accreditations	UGC
Course Duration	2 years
Approximate Fee Range	50,000 to 1 Lakh INR
Accepted Mode of Learning	On-Campus/Regular Online Distance Part-time
Important Subjects	Principles of Management and Organizational Behavior Accounting and Financial Management Banking Operations and Services Insurance and Risk Management Financial Markets and Instruments Corporate Governance and Business Ethics
Top Colleges For the Course	Jain (Deemed-to-be University) Online, Bangalore Sri Dharmasthala Manjunatheshwara College - SDM College Ujire, Dharwad Efforts Institute of Management and Technology, New Delhi PS Institute, Pune
Job Profiles	Agent and Broker Assistant Controller Credit and Risk Manager Administrative Officer / Assistant Administrative Officer Assistant Accountant / Actuary & Accountant
Salary Trend	4 to 8 LPA
Top Hiring Firms	TCS Dell Snapdeal Genpact NewGen Wipro HCL Amazon Google Motorola Deloitte Infosys Capgemini, etc.

8. M.Com in Finance 

M.Com in Finance is another major that equips you with basic to advanced-level concepts of the finance field & helps you develop a meaningful career in this particular domain. A detailed understanding of accounting principles, financial planning, economic theory, banking system, micro, and macro economy, and more make you a perfect fit for the corporate business world & stock markets.

Why should you opt for M.Com Finance?

The broad career scope of this M.Com specialization is one of the key factors that attracts most commerce graduates. Public accounting firms, market research, budget planning, corporations, and finance consultancies are some of the top recruiting sectors for postgraduates who have completed their M.Com in Finance.

A summary of M.Com Finance is tabulated below for your better understanding.

Accreditations	UGC
Course Duration	2 years
Approximate Fee Range	80,000 to 2 Lakhs INR
Accepted Mode of Learning	On-Campus/Regular Online Distance Part-time
Important Subjects	Business Environment & Legislation  Information Technology for Business  Financial Markets & Services Financial Management  Financial Accounting & Packages  Security Analysis and Investment Management
Top Colleges For the Course	K.P. B Hinduja College of Commerce, Mumbai  Punjab University, Punjab  Mata Gujri College, Punjab  Seshadripuram College, Bangalore  NSS College, Kerala
Job profiles	Financial Consultant Investment Banker Auditor Financial Analyst Finance Manager Financial Controllers, etc.
Salary Trend	4 to 10 LPA
Top Hiring Firms	NewGen Wipro TCS Dell HCL Amazon Infosys Google Deloitte Genpact, etc.

9.  M.Com in Economics 

M.Com in Economics is aimed to provide you with a 360-degree knowledge of Indian Economy. The advanced learnings of this program transform you into a well-versed Economist who can serve the commercial fields of the industry with an innovative approach.

Why should you opt for M.Com Economics?

If you are a business enthusiast, an M.Com in Economics is the best-suited PG program for you. The economic principles & theories that you learn from this course help you get a stable career in the commerce field. 

A quick overview of M.Com Economics is provided below in the table.

Accreditations	UGC
Course Duration	2 years
Approximate Fee Range	60,000 to 1.5 Lakhs INR
Accepted Mode of Learning	On-Campus/Regular Online Distance Part-time
Important Subjects	Microeconomics Macroeconomics Development economics Econometrics International Economics Financial Economics
Top Colleges For the Course	Ethiraj College for Women, Chennai Calicut University - [CU], Calicut St Xaviers College, Jaipur University of Lucknow - [LU], Lucknow Apex University, Jaipur
Job Profiles	Economist Credit Analyst Financial Analyst Market Research Analyst Statistician, etc.
Salary Trend	4 to 8 LPA
Top Hiring Firms	Wipro ITC Infotech TCS Capgemini Dell HCL Amazon Infosys Google Deloitte, etc.

10. M.Com in Taxation 

M.Com in taxation is a mix of finance & tax-related topics. The curriculum of this course makes you an expert in solving taxation problems, completing analytical reviews of tax returns, and researching tax literature. With this degree, you can contribute to the Indian Revenue Service (IRS) & State Departments of Revenue with your skills & subject knowledge.

Why should you opt for M.Com Taxation?

The opportunity to work with national and global economies is one of the reasons that makes this M.Com specialization among its applicants. Apart from this, highly paid job profiles & job surety make this major more popular among commerce graduates. 

Some important aspects that you must know about this program are provided below.

Accreditations	UGC
Course Duration	2 years
Approximate Fee Range	60,000 to 2 Lakhs INR
Accepted Mode of Learning	On-Campus/Regular Online Distance Part-time
Important Subjects	Law of Direct Taxes and Practices Tax payment liabilities Tax Authorities and Tribunal Special Features of Indirect Taxes Return of Income and Assessment  Penalties and Prosecutions
Top Colleges For the Course	Acharya Nagarjuna University, Andhra Pradesh Annamalai University, Tamil Nadu Chandigarh University, Chandigarh Avinashilingam University for Women, Coimbatore University Of Rajasthan, Jaipur
Job Profiles	Tax policy Analyst Marketing Manager Employment Tax Specialist Personal Financial Consultant Tax Attorney Specialist, etc.
Salary Trend	4 to 10 LPA
Top Hiring Firms	Deloitte Infosys TCS Dell Wipro Google HDFC CTS HCL Capgemini, etc.

Other M.Com Specializations with Good Future Scope

Other than the above-mentioned M.Com specializations there are many more in the list that are capturing the attention of learners because of their promising career prospects. A few of them are discussed here in detail to give you an idea of their fee range, job profiles, salary trends, & the colleges that offer them.

 

The M.Com specializations we are going to discuss here are quite new but the recognition that they have gotten from the top recruiters in the country is bringing them into the limelight rapidly. 

1. M.Com in International Finance 

M.Com in International Finance deals with the global financial challenges of the industry & helps you develop expertise in the accounting & finance field. This M.Com specialization is designed to equip you with the global scenarios of the business world. Not just in India but international recruiters have a high demand for graduates with this major.

For your clarity, some essential points are listed here about M.Com International Finance.

Accreditations	UGC
Course Duration	2 years
Approximate Fee Range	1 to 3 Lakhs INR
Accepted Mode of Learning	On-Campus/Regular Online Distance Part-time
Important Subjects	Business and Technology Corporate and Business Law Advanced Financial Accounting Financial Planning and Wealth Management Strategic Business Reporting Strategic Business Reporting
Top Colleges For the Course	Jain University Online Amrita University Online Christ University JECRC University
Job Profiles	Actuarial Analyst Investment Banker Financial Analyst Finance Manager CXO Roles such as CEO/CFO/CBO, etc.
Salary Trend	6 to 15 LPA
Top Hiring Firms	Infosys Google Deloitte Wipro Maruti Suzuki India Ltd. ITC Infotech TCS Boston Consulting Group Capgemini Cognizant  McKinsey & Company Dell HCL Amazon, etc.

2. M.Com in Financial Management 

M.Com in Financial Management is associated with the management of finances at the organizational level. This M.Com specialization is one of the best options for banking professionals who are already serving this sector & need promotions. Besides, for fresh graduates, this program builds a strong foundation that helps them get a sustainable job in the future.

A few key points related to M.Com Financial Management are tabulated below.

Accreditations	UGC
Course Duration	2 years
Approximate Fee Range	1 to 2 Lakhs INR
Accepted Mode of Learning	On-Campus/Regular Online Distance Part-time
Important Subjects	Advanced Financial Accounting Financial Engineering Financial Management Financial Reporting and Decision Making Treasury Management Statistics for Management
Top Colleges For the Course	Amity University Christ University Jamia Hamdard University
Job Profiles	Financial Analyst Internal Auditor Securities Analyst Personal Finance Consultant Stock Broker, etc.
Salary Trend	5 to 12 LPA
Top Hiring Firms	Infosys Google Boston Consulting Group Deloitte Wipro Cognizant ITC Infotech TCS Capgemini McKinsey & Company Dell HCL Amazon, etc.

3. M.Com in Fintech 

Fintech is an M.Com specialization that is best suited for professionals aspiring to have a long-term career in finance-related technical domains. This emerging field of commerce provides you with a wide range of career opportunities in multiple sectors.

An overview of the M.Com Fintech program is provided in the table below.

Accreditations	UGC
Course Duration	2 years
Approximate Fee Range	1 to 3 Lakhs INR
Accepted Mode of Learning	On-Campus/Regular Online Distance Part-time
Important Subjects	Managerial Economics Statistics for Management Business Research Methods Financial Reporting and Decision Making Digital Disruptions and Trends in FinTech Divergence: Cloud Computing and Blockchain
Top Colleges For the Course	Amity University Chandigarh University  Hindustan Institute Of Technology And Science
Job Profiles	AI Engineer Cybersecurity Analyst Quantitative Analyst Data Scientist Blockchain Developer, etc.
Salary Trend	5 to 10 LPA
Top Hiring Firms	Infosys Google Boston Consulting Group Deloitte Wipro Cognizant ITC Infotech TCS Capgemini McKinsey & Company Dell HCL Amazon, etc.

How to Select the Right M.Com Specialization?

Choosing an M.Com specialization is not as tough as it seems. You just need to have clarity in mind regarding a few points. To help you finalize your decision, here are the factors that you must consider to have a purposeful professional journey.

• Are you interested in the chosen specialization?

Well, this is something that you must ask yourself before jumping on to any decision. Choosing a program just for monetary purposes or under pressure is not going to help you in the long run. Your interest & passion for your field will make you use 100% of your strengths & aptitude that will help you achieve that goal that you have dreamed of.

• Does your chosen M.Com specialization have a bright future?

Getting enrolled in any of the M.Com programs for the sake of having a postgraduate degree is not a smart decision. To fulfill your professional desires, you must choose a specialization that has a promising career scope & favors your interest area.

• Would you enjoy the job roles & responsibilities of your M.Com specialization?

Well, this is where you must explore the career opportunities you will get to serve upon completion of your program. If the responsibilities of your job profile are way out of your league & interest area, it is best not to choose that particular specialization.

• Are you getting satisfactory ROI for your M.Com specialization?

At this point, you need to check on the salary packages offered in the industry for your M.Com specialization. The increasing slope of entry-level, medium, & maximum salary packages will help you make this decision quickly.

• Does the curriculum of your M.Com specialization include technical topics?

The last considerable factor in choosing a particular major is to look for the curriculum design of that program. Since we live in a digital era, getting equipped with the technicalities of a field is one of the key requirements. So, you must check the subject list of your program for technical topics apart from theoretical ones to get ahead with it.

Regular vs Distance vs Online M.Com

A brief comparison between a regular, distance, & online M.Com is tabulated below to make you choose a convenient & result-oriented degree course.

Specification	Regular M.Com	Distance M.Com	Online M.Com
Learning Format	On-Campus	Hybrid (Weekend Classes)	Online
Flexibility Level	Limited	Moderate	High
Location of Study	Fixed college campus	Regional centers or College Campus	Anywhere
Class Schedule	Fixed Time Table	Weekend-based	Flexible online classes
Mode of Interaction	Physical	Via mail or call or Administrative	Online forums
Networking Range	Local peers & faculty members	Limited	Global networking
Cost	Little Expensive	Affordable	Affordable
Access to Academic Resources	Via classes & libraries	Limited to course materials	Digitized Academic resources (LMS)
Technical Skills	Only as incorporated in the syllabus	Weekend training sessions	Webinars, Training Sessions, Placement Assistance, etc.
Work-Life Balance	Limited	Moderate	Excellent
Career Opportunities	Limited to the Domestic level with rare global opportunities	Limited to Domestic level	Global Opportunities
Industry Exposure	Limited	Limited	High

Why Choose an M.Com?

Master of Commerce is generally the common choice for commerce graduates but in reality, this program allows candidates to work in all the sectors related to the economy & finances. If you had a different background in graduation & now you have developed your interests in the banking sector, an M.Com can help.

The benefits of pursuing this PG program are not limited to just high packages & variety of job profiles but the bright future scope that you get with this program is something you must have in this dynamic corporate world.

Upon completion of this program, you can prepare for highly acclaimed national and international courses like CA (Chartered Accountancy), CMA (Certified Management Accountant) & many more in the field of accounting & finance. Moreover, you can also try for a doctorate program in the same or related fields with this PG degree.

Alternative to Regular M.Com: Online M.Com

After completing a bachelor’s degree in any discipline, we generally get occupied with a job/internship/any personal obligations. Pursuing a full-time master’s program with this busy schedule is quite tough. So, what’s the solution? 

Well, stepping back from upgrading your knowledge & skills via a PG degree is not the solution for that but looking for an easy alternative can help you with this. Besides, for commerce aspirants, a flexible mode of M.Com has been launched by universities in the name of Online M.Com. This online course is available at government-approved universities & is even recognized by UGC.

The benefits of online M.Com are listed here to help you make a smart decision for your career.

• This online program is UGC-approved & holds similar weightage as a regular degree.
• There is no need to visit the college campus for classes as you get to attend online lectures led by faculty members. 
• There is unlimited access to digitized academic resources & study materials via the LMS of the university.
• The pocket-friendly fee structure makes this online program even more feasible for aspirants from weak financial backgrounds.
• There is no difference between the curriculum, career prospects, & salary trend of online & regular M.Com programs.

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