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What Is the Full Form of M.com?
The full form of M.Com is Master of Commerce, which is a PG course in the Commerce domain. Students who have completed their bachelor’s in a commerce domain from a recognized university can apply for both distance M.Com and regular M.Com.
M.Com is available in both regular and distance mode and students can apply for any of the programs if they have completed their bachelor’s with a minimum percentile. Many students work for MNCs, private banks, or in the education sector after completing their B.com degree. However, as a graduate, you may have few prospects for career advancement and pay increases. At the very least, you’ll need a Master’s degree for that.
| Course Level | Post Graduate |
| Full-Form | Master of Commerce |
| Duration | 2 years |
| Examination type | Semester Based Examinations or Yearly Based |
| Eligibility | 45-50% in graduation from a commerce stream |
| Admission Process | Merit-based/ Entrance-based |
| Course Fee | INR 45,000 – INR 60,000 PA |
| Average Salary | INR 4.5 – INR 6 LPA |
| Top Recruiting Companies | Accenture, E&Y, Genpact, Tech Mahindra Ltd., HDFC Bank, WNS Global services and others |
| Job Positions | Accountant, Tax Consultant, Bank PO, Event Manager, Lecturer, Chartered Accountant, and Human Resource Manager, etc. |
Why Should I Even Pursue M.Com?
M.Com is a postgraduate course in the field of commerce and finance. Hence, students can land amazing jobs after completing M.Com either from regular or distance mode. However, M.Com can give you other perks like:
- Aspirants studying for a chartered accountant (CA), Company Secretary (CS), or ICWA, or other professions, should consider pursuing M.com because your concepts will be more clear.
- M.Com provides the deep understanding of accounting and finance
- Students who aim to become accountants should pursue this course
What are the types of M.Com?
Master of Commerce is available in different types or different modes of learning to suit the needs and interests of students.
- Regular M.Com – Students in this course must attend traditional classes on a regular basis. This programme is designed for recent graduates who have two years to devote to their further education.
- Distance M.Com: Distance M.com is a programme created specifically for working professionals. Students in this course are not required to attend on-campus classes, and they have more flexibility in terms of study hours. Because the University Grants Commission has approved M.Com in the distance mode, the value of a distance M.Com is the same as a regular M.Com.
- Online M.Com: An advanced level curriculum that addresses the issues that working professionals face. Students in an online M.Com programme receive timely online lectures and online tests via a Learning Management System.
| Types of M.Com | Duration | Eligibility | Mode of Learning | Top Colleges | Entrance Exams |
| Full-time/Regular | 2 Years | Graduation + Entrance marks | Offline | The University Of Delhi, Amity, LPU, Chandigarh, etc. | Universities conduct their own entrance exams |
| Online M.Com | 2 Years | Graduation | Online | LPU, Chandigarh, Manipal, Amity, Jain, etc. | No entrance |
| Distance M.Com | 2 Years | Graduation | Online + Offline | Chandigarh, Andhra University, Jamia Millia Islamia, etc. | No entrance |
Do I Require Work Experience For M.Com?
There is no such requirement to have any work experience in order to take admission in M.Com. Students can take admission in the M.Com program on the basis of marks obtained in the bachelor’s degree.
Eligibility Criteria Of M.Com
- A minimum of 50 percent aggregate in B.com or B.com Hons or equivalent from a recognized university is required.
- Some universities will also accept students who have completed a bachelor’s degree in Economics and Statistics, BFIA, BBS, or BBE from a recognized university with a minimum 60 percent aggregate.
- The entrance examination depends on the university, some prefer to take entrance for distance M.Com while some provide direct admission.
What is Distance M.Com?
Distance M.Com is a postgraduate course in the commerce stream specially designed for working professionals. Students are not required to attend regular on-campus classes as they can get access to online learning and self study material. With the help of distance M.Com students can continue their jobs and studies simultaneously.
What are the M.Com Specializations?
M.com is a technical master’s degree program in which you specialize in a specific subject of your preference. There are several subjects to choose from while pursuing a master’s degree. Since course choices differ from university to university, you should research the topics and enroll in the best university that offers a course that lies in your area of interest.
- M.com in Computer Applications
- M.com in Accounting & Finance
- M.com in Taxation
- M.com in Finance
- M.com in Human Resource Management
- M.com in Marketing
M.Com Syllabus and Structure
The distance M.com programme is split into four semesters over two years. The subjects for both the distance M.com and the regular M.com are the same.
You will gain a broad understanding of the subjects you learned in B.Com. Accounting, management, and financial principles are the core topics. List the subjects you’ll be studying during your distance M.com course below. Take a look at it to get a sense of what I’m talking about.
|
M.Com First Year |
M.Com Second Year |
| Accounting for Managerial Decision | Corporate Tax Planning |
| Commercial Bank Management | Economics of Global Trade & Finance |
| Corporate legal Environment | Statistical Analysis |
| Strategic Management | International Finance |
| Management Concept | Investment Management |
| Financial Markets | Marketing Management |
| E-Commerce | Corporate Financial Accounting |
| Organizational Behavior | Research Methodology in Commerce |
| International Finance | Computer Application in Business |
M.Com Scope and Career Opportunities
|
Job Profiles |
Job Description |
Average Salary (in INR) |
| Assistant Accountant | An Assistant Accountant’s job is to support the senior accountant and work with the rest of the staff. Account reconciliation is a part of their job. They’re in charge of accurately receiving fees and invoices. | 3 LPA |
| Audit Officer | The audit officer’s job is to carry out the audit instructions that the audit committee and the board of directors have authorised. They must inspect the company’s work in accordance with those directories, and they must work with the company’s leadership to put in place all procedures. |
|
| Operation Manager | The operation manager’s job is to ensure that the organization’s procedures and strategies are followed. Their role is to develop strategies and rules to boost the company’s efficiency. | 8 LPA |
| Business Analyst | A business analyst examines various aspects of a company’s operations and makes recommendations to help it boost its results. They can start their own firm to provide individual business advice. | 10 LPA |
| Finance Analyst | The job of a finance analyst is to provide financial advice to businesses and individuals. They examine the financial records of the companies for which they are compensated. | 3.8 LPA |
| Marketing Manager | The job of the marketing manager is to make marketing strategies and execute the marketing plans of the company. | 7 LPA |
| Cost Accountant | They help in optimizing the cost of the firm by analyzing the operations and materials that are cost effective. | 5 LPA |
What Is the Average Salary of an M.Com graduate?
M.com is one of the popular courses amongst commerce students and it is available in different specializations. Here is the list of average salaries offered to students who have done M.Com in different specializations:
- M.Com in Finance: INR 5 – 6 LPA
- M.Com in IT: INR 4- 5 LPA
- M.Com in Marketing: INR 3.5 – 4 LPA
- M.Com in Supply Chain Management: INR 1.5 – 2.5 LPA
- M.Com in International Business: INR 5- 7 LPA
What is the cost of pursuing M.Com?
The average cost of pursuing an M.Com degree in India is Rs. 5,000 – Rs. 1,00,000. However, the cost of M.Com varies as per the university and students will incur less cost if they pursue M.Com in the distance or online mode.
Can I Get a Scholarship To Pursue An M.Com degree?
There are universities that give students scholarships depending on particular criteria. The scholarships students will likely receive from the universities are:
- Scholarships based on Merit
- Scholarships for reserved categories such as SC, ST, OBC.
- Scholarships depending on family earnings
Top Recruiters Of M.Com
Students are able to get a good package and a good job profile after distance M.Com programs. There are some major firms that hire M.Com graduates and these are:
| Yes Bank | Tata |
| Reliance | Railway Recruitment board |
| Nestle India | State Bank of India |
| Snapdeal | Cadbury India |
What Are The Top Destinations Of M.Com?
Here is the list of all the top colleges that are offering M.Com degree to students:
| Delhi University | Karnataka State Open University |
| IGNOU | Vidyasagar University |
| University of Mumbai | Jaipur National University |
| Madurai Kamaraj University | Amity University |
| Punjab University | NMIMS Global Access for Continuing Education |
| Chandigarh University | Dr. BR Ambedkar Open University |
Can I Pursue M.Com After 30?
Yes, you can pursue M.Com after 30 if you are willing to broaden the horizons of your skills. However, there are certain universities with age restrictions in the eligibility criteria. Hence, students are required to check the eligibility criteria of M.Com of the university. Nevertheless, students can easily pursue M.Com in the distance mode even after 30.
Full-Form Of M.Com, Remember?
The full form of M.Com is Master of Commerce and it is one of the most pursued courses by commerce students. Students can enter into the field of account and finance after completing the program. I hope this blog helped you in solving your query regarding M.Com.
