Home » MCom in Financial Management Courses: Syllabus, Fees, Scope, Salary, Online, Distance

MCom in Financial Management Courses: Syllabus, Fees, Scope, Salary, Online, Distance

MCom Financial Management is a two-year postgraduate programme that focuses on banking and financial services, insurance, commerce, accounting, economics, and management. Students with a UG degree from any recognised university are eligible to apply.

At the undergraduate level, a candidate’s marks must be at least 55 per cent to be considered for admission to the MCom Financial Management programme. Every college’s eligibility requirements are different, with some allowing admission through lists and others requiring entrance examinations. The cost of a course ranges from INR 8,000 to INR 1,50,000.

Students who earn a salary of INR 3 LPA to INR 7 LPA after obtaining their MCom Financial Management degree can work as Assistant Accountants, Financial analysts & Managers, or Investment Bankers. They can pursue MBA or PhD programmes in the same field in the future.

MCom Financial Management Course Overview

The following table lists the highlights of the MCom Financial Management course:

Course LevelPostgraduate
Full-FormMaster of Commerce Financial Management
Duration2 Years
Examination typeSemester Wise
EligibilityMinimum 55% marks at graduation level
Admission ProcessEntrance exam based/merit-based
Course FeeBETWEEN INR 11,000 TO INR 2.50 LAKHS
Average SalaryRs.14,000 to 20,000
Top Recruiting CompaniesBanks, Insurance Companies, Mutual Fund Companies, Stock exchange, NBFCs
Job PositionsFinance officer, Insurance Manager, Treasurer, Controller, Risk manager, Consultant, etc

MCom Financial Management: Course Advantages

  • The candidate will get adequate abilities in data handling and mathematical procedures from areas such as accounting and finance by studying this programme.
  • Holders of an MCom in Financial Management degree have a lot of options in terms of job and higher education. After finishing the programme, candidates can pursue a PhD.
  • Candidates holding this degree have a plethora of career options in the banking and finance industries.
  • Candidates have a lot of choices in both the public and private sectors.
  • After completing the MCom FM degree, one can pursue a career in teaching.
  • Because the subjects are identical to those in the Chartered Accountancy degree, many other candidates will be able to advance their careers as CAs while taking this MCom programme.

MCom Financial Management: What is it about?

The following is all of the information regarding MCom Financial Management:

  • MCom Financial Management is a postgraduate degree that entails a thorough examination of current and historical financial and accounting management expertise.
  • It also aids candidates in developing a thorough understanding of accounting and finance, even if they have no prior experience with the subject.
  • It incorporates management disciplines in addition to other areas to help applicants improve their theoretical understanding.
  • It’s a two-year programme that covers topics including finance, accounting, risk management, project planning and control, economic analysis, marketing analysis, auditing, and corporate planning.
  • Candidates interested in becoming Chartered Accountants should take this course because the two topics are comparable in that they both deal with money and management.
  • The average MCom Financial Management course fee lies around INR 3 LPA to INR 5 LPA.

DOCUMENTS REQUIRED FOR M.COM FINANCIAL MANAGEMENT ADMISSION

  • HSC Certificate and Mark sheet.
  • +2 Certificate and Mark sheet.
  • Graduation All Certificates and Mark sheets.
  • College Leaving Certificate
  • Migration Certificate in case of a student migrating from another university.
  • Provisional Certificate
  • Recent passport size colour photographs duly attested by a Gazetted Officer (5 copies).
  • Caste/Tribe certificate (for SC/ST candidate)/Physically Handicapped certificate.

NOTE:- Students who are admitted must bring all the original documents with them to the Institute Campus. Students failing to present all relevant original documents upon request may be denied admission or later told to leave the university.

MCom Financial Management: Admission Process

Admissions to the MCom Financial Management programme are based on either entrance tests or merit lists. Every college has its own admissions process and depending on the state/national level, some conduct CET while others conduct their own entrance tests. The following is a guide to getting admittance through entrance exams:

Entrance-Based Admission:

  • Registration: The college announces registration dates prior to examinations. Candidates must create an account with basic information such as an e-mail address, name, and phone number in order to finish the registration procedure.
  • Fill in the blanks: Candidates must carefully fill in all of the blanks. The information provided on the application form must be true and correct.
  • Documents must be scanned and uploaded to the official portal in accordance with the format. Every college’s website has a different document type.
  • Fee for application: After you’ve filled out all of the information and submitted all of your papers, the following step is to pay the application cost. Payment can be made using any of the online payment methods.
  • Admit cards are released once all of the candidate’s information has been confirmed. Candidates must download their admission cards and bring them with them to the entrance exams.
  • Exam: Candidates can prepare for the exam by studying all of the courses listed. They can also use prior exam question papers to improve their scores.
  • The results of the entrance exam are released two to three weeks after the exam. Candidates who have qualified can proceed to the next step in the process.
  • Counselling and Admission: For those candidates who passed the entrance exam, each college had a counselling session. They can choose a course based on their interests and prior educational qualifications.

Merit-Based Admission:

Both online and offline applications are accepted for the MCom Financial Management programme. Candidates that achieve merit status are more likely to be accepted into their preferred college or university.

The steps for candidates to apply for the MCom FM course are listed below:

  • For the offline admission process, go to the university’s official admission portal or stop by the office.
  • Fill out the application form with all of the information requested on the site.
  • After the application procedure is completed, the selection process will begin, and the candidate will be assigned to a position.

MCom Financial Management: Eligibility Criteria

The MCom Financial Management eligibility criteria are the same as for any other management programme. It should be noted that eligibility requirements range from one college to the next. So, here are the eligibility requirements, which you should review before enrolling in the course.

  • The most important requirement for the MCom Financial Management programme is that you have a bachelor’s degree in commerce.
  • Candidates with a diploma that is comparable to the necessary qualification can apply for the MCom Financial Management programme.
  • At the graduate level, a minimum percentile requirement of 55 per cent is required.
  • No extracurricular activities will be permitted to participate in the admissions process.

The above criteria apply to a variety of universities, however many colleges have their own eligibility requirements that candidates must meet in order to be considered for admission.

  • In order to be eligible for the benefits, students in the reserved category must submit a certificate from their regional authority.
  • Candidates must first pass the Common Entrance Test and score well on it in order to be considered for admission. CET, AUCET, OUCET, JUEE, and other university admission tests are examples.

MCom Financial Management: Entrance Exams

For admission to the MCom Financial Management programme, you must take a variety of national and state-level entrance tests.

Some of the most popular MCom Financial Management admission tests are listed below.

  • Acharya Nagarjuna University Post Graduate Common Entrance Test (ANUPGCET) is a state-level test held by Acharya Nagarjuna University (ANU) in Guntur. It accepts applications for a variety of postgraduate courses, with registration beginning in March each year and the exam taking place in May.
  • JUEE is an annual examination held by the Jagannath University of Rajasthan in the month of May. It is a university-level exam that occurs three times every year. The exam will last 120 minutes and will consist of objective-type questions.
  • Peoples’ Education Society University conducts the PESSET for applicants interested in the MCom Financial Management course.
  • The registration period runs from December through April, with the exam taking place in May each year. The exam will last 180 minutes. There will be no negative marking and the exam will consist of objective-type questions.
  • OUCET (Osmania University Common Entrance Test): OUCET stands for Osmania University Common Entrance Test. For PG Courses, Osmania University administers this exam. Every year in the month of July, it is held. The exam will last 90 minutes. There will be no negative marking and the exam will consist of objective-type questions.

The table below contains the details of the applications for the above-mentioned examinations.

ExaminationExam Mode
ANUPGCETOnline
JUEEOnline
PESSATOnline
OUCETOnline
AKNUCETOnline

MCom Financial Management: Tips to the Best College

A variety of things are considered while applying to a top-ranked MCom Financial Management college or university. The following pointers will assist applicants in securing their seats.

  • Prepare for the various levels of questions and the level of difficulty of the questions asked in different exam patterns. Some exams are simpler to take, while others are more difficult. This will assist candidates in achieving good grades.
  • Candidates can use their graduating reference books and notes to answer questions because they are asked at the graduation level. Basic concepts must be reviewed.
  • The dates and deadlines for each college application form are different. Candidates must keep up with all crucial dates and announcements on a regular basis.
  • It is vital to be aware of such developments.
  • Candidates can stay informed by reading newspapers and keeping up with current events across the world on a daily basis. This will also assist you in passing your tests.

MCom Financial Management: Preparation Tips

The following are some ideas that can be used to help candidates get good grades and pass their admission exams:

  • Examine the reference books: Candidates must first select the best books that have been specially edited for such tests before taking the entrance exams. Don’t rely on a single book; instead, look for a different writer’s edition.
  • Prepare a Time Table: Candidates can choose a subject and make a proper timetable to choose which topics to clear first, depending on the difficult syllabus. Candidates must adhere to the timetable in order to be considered for admission to a good college.
  • Time Management: When it comes to preparing for an entrance exam, time management is crucial. Time management is crucial not just in preparation but also in the exam room. Candidates that manage their time well will always reach the peak of achievement.
  • Refer to Previous Years’ Papers: Referring to previous years’ questionnaires completes half of the preparation. Candidates will be able to tell which subjects are given greater weight and which topics are addressed more frequently by looking at previous year’s papers.
  • Solve Sample Papers and Mock Tests: Solving sample papers or mock tests is the greatest technique to prepare for any entrance exam.

MCom Financial Management: Top Colleges

The table below lists the top MCom Financial Management colleges and universities that provide full-time MCom Financial Management programmes.

College NameAverage FeeAverage Salary Package
Shri Ram College of CommerceINR 29,400INR 4 LPA
Lady Shriram CollegeINR 30,000INR 6 LPA
Loyola CollegeINR 28,500INR 4.5 LPA
St Xavier’s CollegeINR 23,100INR 5 LPA
Anil Surendra Modi School of CommerceINR 1,80,000INR 4 LPA
Symbiosis College of Arts and CommerceINR 30,500INR 5.7 LPA

MCom Financial Management College Comparison

The table below displays the comparison between India’s top three MCom colleges.

ParameterSymbiosis InstituteLoyola College
LocationPuneChennai
ObjectiveSIU Pune was established in 1983. also offers the ACCA course alongside the graduation programmes to empower students with an international level certification. Loyola College is affiliated with the University of Madras. It is one of the top-ranked institutes in India.
LocationPuneKerala
NIRF Ranking226
Average Annual FeesINR 45,820INR 42,000
Average Annual SalaryINR 7.4 LakhINR 6.5 Lakh

MCom Financial Management: Syllabus

At the management level, all colleges’ syllabuses are largely the same across the country. The MCom Financial Management syllabus is listed below each year.

Year 1Year 2
Business ManagementFinancial Accounting & Packages
Business EnvironmentQuantitative Methods for Business
Business EconomicsFinancial Management
Information Technology for BusinessMarketing Management
Quantitative Techniques for BusinessHuman Resource Management
Entrepreneurship DevelopmentE-Commerce Management
Year 3Year 4
Banking & TechnologyBanking Law & Practice
Advanced BankingInsurance Actuarial
Insurance Products & ManagementBank Management
Financial Markets & ServicesInsurance & Risk Management
Principles of Life InsuranceFinancial Derivatives
Security Analysis and Investment ManagementPortfolio Management

MCom Financial Management: Course Comparison

MCom Financial Management vs MBA Financial Management: Which one to Choose?

The following is a comparison of MCom Financial Management and MBA Financial Management:

ParametersMCom Financial ManagementMBA Financial Management
Duration2 Years2 Years
Focus AreaCommerceManagement
Course OverviewThis course study course includes Advanced Marketing, Portfolio Analysis, Microeconomics, Statistics for Business, Money and Capital Markets. This course imparts education about administration, budgeting, investment outcomes and monitoring of financial assets.
Admission CriteriaEntrance Test+CounselingState/National/College Entrance Test
Eligibility CriteriaBachelor’s Degree in any Accounts, Math or EconomicsGraduation in any stream
Average Courses FeesINR 1 LakhINR 5-6 Lakh
Area Of EmploymentBanking, Insurance, Financial Service Sectors, Investment Banking, Private Companies, etcMarketing Manager, Project Manager, Business Analyst, Human Resource Manager, etc
Average Placement PackageINR 4 LakhINR 6 Lakh

MCom Financial Management: Job Prospects

The following are the numerous career profiles for MCom Financial Management graduates, together with the average income package:

Job ProfileAverage Salary
AccountantINR 5 LPA
Business & Corporate AnalystINR 4.5 LPA
Investments AnalystINR 4 LPA
Executive AssistantINR 6.2 LPA
Marketing & Money ManagerINR 7 LPA

MCom Financial Management: Future Scope

  • Asset management, banking and financing, insurance management, private equity, risk management, retail sector Treasury, sales and trading, and stock market are just a few of the industries where MCom Financial Management graduates can work.
  • For such graduates, government jobs such as Lecturer/Professor are an excellent alternative.
  • Graduates who want to pursue a career in research might enrol in an MPhil or Doctorate programme.

M.Com. Financial Management Course Suitability

  • They should be able to excel in a number of roles within the treasury and controller duties while also laying the groundwork for the role of CFO.
  • Students will also be given management information, such as how to obtain and understand financial data in order to make day-to-day and long-term management decisions.
  • Applicants must also have outstanding time management and prioritisation abilities, as well as the ability to operate as part of a team and form solid working connections.
  • Candidates who intend to pursue further research studies are also eligible for the programme.

How is M.Com Financial Management Course Beneficial?

  • The curriculum provides students with skills and expertise in the most current banking and financial management research issues, as well as opportunities for network thinking and teamwork.
  • This course gives students the abilities they’ll need to run a business. The program’s industry-relevant and academically grounded curriculum will assist students in becoming “reflective” persons capable of meeting the difficulties of ambitious and diverse professional goals.
  • They can also become financial experts who will assist the company in increasing profits, developing future financial strategies, managing liquidity, and even planning the acquisition of another company.
  • They also have the option of pursuing further degrees for research and studies.

M.Com. Financial Management Employment Areas

  • National and International Marketing Companies
  • Advertising & Market Research Centres
  • Export & Import Centres
  • Banks
  • Insurance Companies

M.Com. Financial Management Job Types

  • Treasurer
  • Consultant
  • Risk Manager
  • Chief Financial Officer
  • Finance Officer
  • Insurance Manager
  • Finance Controller
  • Director of Finance
  • Credit & Cash Manager

MCom Financial Management FAQs

Is there any entrance exam for admission to the MCom Financial Management course? 

Yes, there are a few entry tests for the MCom Financial Management programme. CET, JUEE, PESSET, AUCET, OUCET, and other top exams include CET, JUEE, PESSET, AUCET, OUCET, and others.

What is the course duration of MCom Financial Management?

The MCom Financial Management has a course duration of two years which is further divided into four semesters.

What is the average fee for the course MCom Financial Management program in Indian Colleges/ Universities?

The typical annual fee for this programme varies between INR 2,00,000 and INR 7,00,000, depending on the college or university to which one applies.

Which is better, MCom FM or MBA FM?

Candidates can choose their subject of interest based on their interests. MBA FM is well-known worldwide, but MCom FM is primarily famous in India. MBA is more expensive than MCom FM.

What is the admission procedure for admission to MCom Financial Management program?

Only a few institutions have their unique admissions standards, while many others use common entrance exams as part of the application process. Offline admissions are also possible based on merit.

Is there any age limit for the Masters of Financial Management course?

No, there is no upper age limit for pursuing a master’s degree in financial management. However, you can double-check using your preferred college-age criteria.

What is the educational qualification required for admission to the MCom Financial Management course?

Candidates for admission to the MCom Financial Management programme must have a bachelor’s degree in Accountancy, Economics, or Mathematics with a high percentage of marks in the aggregate. It is also necessary to pass various national and state-level entrance tests.

What is the average salary of an MCom Financial Management graduate?

An MCom Financial Management candidate’s average pay at the start of their career ranged from INR 4 LPA to INR 5 LPA. A graduate with 3 to 5 years of experience, on the other hand, can expect to earn between INR 10 and INR 20 LPA.

How can I fill up the application form for the Masters of Financial Management course?

Generally, the application forms can be filled out online by going to the university’s official application portal. Some schools and institutions also accept applications via mail.

Name some of the popular jobs available for MCom Financial Management graduates?

Some of the most popular job profiles available for MCom Financial Management graduates are Finance Officer, Investment Officer, Finance Controller, Consultant, Chief Financial Officer, Risk Manager, Treasurer, etc.