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

MCom: Syllabus, Courses, Scope, Fees, Online, Distance, Salary

A master’s degree (MCom) in commerce is a two-year postgraduate programme for those interested in jobs in accounting, banking, investing, financial services, investment, economics, and marketing. MCom is one of the most adaptable courses in India, allowing students to operate in practically every area of the economy. The insurance industry, which employs a large number of MCom graduates, is predicted to grow to USD 1 trillion by 2025, creating additional jobs for MCom graduates.

Candidates who have finished their graduation from a commerce background (BCom, BCom Honours) with a minimum score of 50% are eligible to study MCom. The MCom Admission 2022 will be based on merit or an admission examination. BHU PET, CUCET, PU CET, and many other admission tests are among the most popular.

In India, the cost of taking an MCom education ranges from INR 5,000 to INR 140,000. According to the Payscale website, an MCom income in India is INR 372,913 per year. As a result, the hopefuls can treble their initial investment.

MCom is a common choice for those who want to work as a teacher or lecturer. Candidates must enrol in PhD courses after completing the MCom course in order to do so.

MCom Quick Facts

  • Master of Commerce is the full form of MCom.
  • The MCom course costs between INR 5,000 to INR 150,000 per year on average.
  • Admission to the MCom Programs is based on both a merit list and an entrance examination.
  • Hindu College in Delhi, Mithibai College of Arts in Mumbai, Christ University in Bangalore, and others are among the best MCom colleges in India.
  • The leading MCom entry examinations include BHU PET, PU CET, AU CET, and others.
  • MCom courses are available in a variety of formats, including traditional, online, and distance learning.
  • Working professionals will benefit from a distance MCom. The average fee for a distance MCom course is between INR 5000 and INR 138,000.
  • Organization Theory and Behaviour, Economic Analysis, Managerial Accounting, Marketing Management, and other disciplines are included in the MCom syllabus.
  • Candidates who complete the course can work as account assistants, cost accountants, business analysts, finance consultants, operations managers, and many other positions.
  • KPMG, PWC, State Bank of India, HDFC Bank, ICRA, and others are among the top recruiters.
  • In the private and public sectors of banking, accounting, finance, and insurance, the typical beginning pay is roughly INR 5 LPA.
  • Candidates who complete the course can pursue advanced degrees such as an MBA, CFA, CA, PhD, and so on.

About MCom 

The two-year MCom programme provides students with a high-quality education that meets the needs of managers in business and industry. It also functions as a research and teaching tool in the field of business studies.

The course enhances logical reasoning, analytical skills, communication skills, mathematical and statistical knowledge, business management skills, teaching and research skills, and business management skills. As a result, individuals who want to become teachers, lecturers, or professors, as well as seek further education (PhD), frequently enrol in this course.

Why MCom? 

The MCom courses are in high demand because of the financial advantages they bring to students. MCom courses are offered in a variety of formats, and the extensive specialisation allows candidates to carve out a speciality in a variety of industries. After completing the course, a candidate will be eligible for the following benefits:

  • New Job Chances: In the future, the MCom course will bring better job opportunities. For example, India’s investment sector is predicted to reach USD 1 trillion by 2025, resulting in job chances for MCom graduates. Similarly, India’s investment banking business is predicted to increase at an 8.4% CAGR from USD 102.84 billion in 2020 to USD 111.45 billion in 2021, and USD 137.97 billion by 2025. In the next 8-10 years, the Banking and Financial Service Industry (BFSI), which employs MCom graduates, is predicted to create over 8 million employees.
  • MCom candidates are employed in a variety of roles, including account assistants, cost accountants, investment bankers, and so on. The average MCom salary in India is INR 372,913 per year, with fees ranging from INR 5000 to INR 140,000. As a result, the applicants can readily repay their investment. MCom graduates can find work in nearly every sector of the economy. Capgemini, Dell, Infosys, and other companies are among the top recruiters of MCom graduates. Furthermore, there is no upper age limit for pursuing an MCom degree.
  • A safety net: The majority of MCom students go on to seek further professional degrees such as Chartered Accountant (CA), Company Secretary, or Chartered Financial Analyst (CFA). The reason for this is that professional courses are more difficult to pass. For example, only 6% of the candidates passed both sets of CA exams. The pass rate for the CFA course is between 42 and 54 per cent. So the candidates would have something to fall back on if something went wrong.
  • A stepping stone: Most applicants interested in teaching as a career, particularly in the commerce field, are strongly encouraged to pursue an MCom concentration in their postgraduate level test. The MCom course is necessary for taking up the PhD programs in the future and serves as a preparatory course.
  • Managerial Skills Development: The MCom Syllabus covers a variety of topics relating to the management of an organisation and its personnel. The MCom curriculum is designed in such a way that graduates will be able to manage finances, establish a business, and devise methods to help them get through difficult times.
  • MCom Specialization: The MCom programme offers a wide range of specialisations, including finance, accounting, and finance, marketing, computer applications, financial management, and business management, among others. The variety of specialisations enhances work prospects.
  • It enables candidates to form networks with their classmates, as well as seniors, professors, and alumni. The basic goal of networking is to establish references for future employment.
  • Candidates with an MCom degree are eligible to sit for competitive tests such as the civil service exam or exams connected to finance and accounting, such as income tax, CAG, or excise departments.

Who should do MCom? 

  • Candidates interested in a career in commerce should enrol in the MCom programme.
  • Candidates who want to work in the Banking, Financial Services, and Insurance (BFSI) industry should enrol in the MCom programme.
  • MCom courses are recommended for candidates who desire to pursue various leadership roles in various businesses.
  • Working professionals with a bachelor’s degree in commerce can take this course online to improve their job prospects.
  • The MCom programme is ideal for those interested in pursuing a career as a financial manager.
  • Candidates who are dissatisfied with their bachelor’s degree in a specific field might pick an MCom Specialization based on their own interests.
  • After completing their degree programme, those interested in pursuing a career as an auditor might enrol in the MCom Course.
  • MCom courses are available for those who want to start their own business.
  • Candidates who want to become commerce professors should use this degree as a stepping stone to the PhD programme.

When to do MCom? 

  • Candidates can begin working on their MCom degree as soon as their graduate degrees are completed.
  • Candidates might pursue this degree after having suitable work experience in order to increase their career prospects.
  • After that, working professionals can take this course online to advance their careers or update their abilities.

Is MCom Worth Pursuing?

It is recommended that candidates research the course’s worthiness before enrolling in it. In an age where practically every candidate prefers an MBA, the question remains: Is an MCom worth it? Yes, is an easy response. First and foremost, MCom is significantly less expensive than other professional degrees such as MBA or PGDM. While an MBA programme is multidisciplinary, the MCom programme concentrates solely on one facet of the business. However, this does not negate the importance of business management disciplines in the MCom programme. Organizational Behavior, Organizational Management, and Management Principles are among the disciplines covered in the MCom curriculum, allowing candidates to compete with MBA graduates. Also, the MCom Course duration is similar to MBA and is much shorter than a CA course. Thus, to reaffirm again, MCom is worth doing.

MCom Admission Process 

Admission to the MCom programmes is based on merit or an entrance examination. The admissions procedures are simple and easy to understand. You must either pass the entrance exam or get a good grade in your graduation. The minimum grades necessary for various MCom specialisations vary depending on the colleges/universities. The core details, however, remain the same.

Eligibility 

The following are the essential requirements for enrolling in this course:

  • A minimum of 50% in BCom or BCom Hons or equivalent from a recognised university is required of students.
  • Some colleges also consider candidates who have earned a Bachelor’s degree in Economics and Statistics, BFIA, BBS, or BBE from a recognised university with a minimum aggregate score of 60% or comparable.
  • In government universities, students in the Reserved category are eligible for up to a 5% mark relaxation.
  • For entrance to the MCom programme, there is no maximum age limit.

MCom Admission 2022 

  • Admission to the MCom programme is based on merit and an entrance examination.
  • In the case of merit-based admission, only the candidate’s marks at the undergraduate level would be considered.
  • In some situations, students are required to take an entrance exam, which is usually a multiple-choice question (MCQ) test that assesses their knowledge and background in commerce.
  • For admission to their PG programmes, top MCom universities such as Delhi University, Banaras Hindu University, Christ University, and others hold a national level examination.
  • Admission to Calcutta University’s MCom programme is based on a merit list compiled from BCom or similar examination results.
  • As a result, in order to enrol in an MCom course, students must apply for the exam, and based on their performance, they are either admitted or advanced to the next level of the admissions process, which includes Counseling, Group Discussion, and/or Personal Interview.
  • A merit list is published, based on which pupils are offered admission.

If individuals are going to a private university that offers merit-based admission, such as Amity, LPU, Chandigarh University, and others, they must either go to the institute’s website and fill out an online application form or go to the college and fill out an application form in person.

The following is the online application process:

  • Step 1: Go to the website, register, and log in to your account.
  • Step 2: Carefully read the instructions and complete the application form.
  • Step 3: Add the relevant papers to your account.
  • Step 4: Before submitting the application form, double-check it.
  • Step 5: Pay the application cost in its entirety.

Many of India’s finest government universities, such as the University of Calcutta and Kalyani University, offer merit-based admission.

MCom Entrance Exam

The top entrance examinations for MCom admissions in India are as follows:

BHU PET 

Banaras Hindu University (BHU) conducts a university-level national test for admission to postgraduate degrees, including MCom. Every year, hundreds of students from all over India take this exam in the hopes of being accepted into this prestigious and well-known university.

Delhi University MCom Entrance Exam 

Every year, Delhi University holds this exam to choose qualified applicants for admission to its numerous MCom colleges. A merit list with all associated colleges’ cut-offs is released, and based on the student’s performance, he or she gets admitted to the college with the lowest cut-off.

PU CET (PG)

The Panjab University Common Entrance Test (PU CET) is a state-level entrance exam held by Panjab University in Chandigarh for individuals seeking admission to its many postgraduate courses and programmes in subjects such as science, commerce, and management. This offline exam is held every year in the months of May and June.

Allahabad University PGAT

It is an annual state-level entrance exam held by the University of Allahabad to allow candidates to apply for admission to its various PG level programmes. The exam is normally conducted in an offline format, with the application process beginning in the months of March and April each year.

CUCET

This is a national examination held on a regular basis by ten central universities. This offline exam, held by Central University of Rajasthan (CURAJ) every year in April-May, gives admission to various UG, PG, Diploma, and PhD programmes offered by the participating universities and institutes.

AUCET

It is a state-level entrance exam held by Andhra University in Visakhapatnam that solely admits students to PG programmes. Dr. BR Ambedkar University, Srikakulam, and Andhra University have affiliated colleges. Every year, in the months of May and June, this offline mode exam is held.

SRMHCAT 

SRM Common Admission Test is a UG and PG admissions test held by SRM University for management, engineering, and commerce degrees. Because it is a 150-minute aptitude-based MCQ test, the syllabus is the same for all courses.

MCom Entrance Exam Important Dates 

Exam NameExam ModeApplication PeriodExam DateResult Declaration
Delhi University Entrance ExamOnline/OfflineTo be announced To be announced To be announced 
BHU PETOfflinePostponed Due to Covid-19To be announced To be announced
CUCETOfflineTo be AnnouncedTo be announcedTo be announced
PUCET PGOfflineTo be announcedTo be announcedTo be announced
AUCETOfflineTo be announcedTo be announcedTo be announced

Types of MCom 

MCom is one of India’s most popular academic programmes. The MCom course offers a variety of specialities as well as several course versions that candidates can pursue based on their time, skill, and eligibility. The various sorts of MCom courses are mentioned further down.

Full-time MCom 

  • The two-year Full-Time MCom programme is available. In India, the full-time MCom programme is the most common option.
  • Admission to MCom programmes is based on merit or an admission exam.
  • Hindu College, Christ University, University of Calcutta, and others are among the finest colleges in India that offer MCom programmes.
  • Accounting and Finance, financial management, business management, statistics, and other Mcom specialisations are available.

Part-Time MCom 

  • Part-time MCom programmes are available for a two-year period.
  • Different colleges, such as Birla Global University, Nalanda Open University, and ICFAI Dimapur, offer the programmes.
  • The prices range from INR 3,400 to INR 67,500 on average.
  • Admissions are granted on the basis of a merit list compiled from the grades earned at the undergraduate level.

 Distance MCom 

  • Working professionals and aspirants who are unable to attend classes on a regular basis prefer distant MCom courses.
  • Candidates should check with the Distant Education Board and the University of Georgia before enrolling in a distance education course.
  • IGNOU, Lovely Professional University, Annamalai University, Karnataka State Open University, and others all provide courses.
  • The cost of a course often ranges from INR 5000 to INR 38,000.
  • The training usually lasts between 2 and 5 years.

MCom vs MBA 

The MCom (Master of Commerce) and MBA (Master of Business Administration) are two distinct programmes with distinct advantages. To choose one of these courses is entirely dependent on your educational background and area of interest.

The following are some of the major differences between these courses:

ParametersMComMBA
OverviewMCom is a master’s degree focusing on accounting, commerce and economics related subjects, particularly aimed at students who are interested in research and teaching.MBA is a course that focuses on the study related to the business environment and management system, involving many specializations such as marketing, finance, logistics, etc.
Full-FormMaster of CommerceMaster of Business Administration
SuitabilitySuitable for those who wish to make a career in the field of teaching and research and want to pursue higher education. It also offers many jobs in the accounts and commerce industry.Suitable for those who are looking into making their career in the business making field and management field suitable with managerial and leadership positions.
Focus AreaThis course mainly focuses on academic and theoretical approaches.This course is more of a professional job oriented course.
Average Total FeeINR 60,000INR 10,00,000
Average SalaryINR 5,00,000INR 8,00,000

MCom Distance Education

MCom Distance Education is one of the most lucrative courses available to those who are unable to continue their degree in a traditional setting. Candidates should confirm whether the MCom Distance Education programme is accredited by the Distance Education Board (DEB) and the University of Georgia (UGC) before applying.

MCom Distance Education Admission 2022 

In most circumstances, candidates must pass their graduation with a minimum score of 50% in order to be considered for admission to the MCom online education programme. Admission to the best institutions is primarily determined by a merit list based on graduation grade point averages.

The majority of applications are submitted online, but institutions can also apply in person by submitting all required papers such as mark sheets, scores, and degree certificates.

The following is a list of MCom distance admission information from various colleges:

MCom From IGNOU 

  • The MCom programme at IGNOU lasts 2 to 5 years.
  • INR 11,000 is the average course fee.
  • IGNOU does not have an upper age limit for MCom students.
  • Regular teleconferences are offered as part of the course to provide ongoing guidance.
  • This course is open to graduates of any discipline from an accredited university.

 MCom From Annamalai University

  • The UGC has approved the course, and it can be used to obtain a legitimate credential for government or private work.
  • MCom admissions are available in a variety of specialisations, including finance and accounting, marketing management, computer applications, and so on.
  • The admissions process is based on a merit list.
  • INR 7000 is the average course fee.

MCom from LPU Distance Education 

  • The course’s minimum duration ranges from 2-to 4 years.
  • Candidates must have completed a B.Com, BBA, BSc (Economics), BA (Commerce), or any other degree programme that includes mathematics or economics as a topic.
  • The semester course fee is INR 9,650.
  • The admissions process is based on a merit list.

 MCom Distance Education Top Colleges

The following are some of the best MCom Distance Education Universities/Colleges:

NameLocationAverage Fees
IGNOUNew DelhiINR 11000
SRM University (Distance Education)ChennaiINR 16,000
IDOL Mumbai UniversityMumbaiINR 12,000
SOL Delhi UniversityNew DelhiINR 10,000
LPU Distance EducationJalandharINR 38,600
Mahatma Gandhi University, School of Distance EducationKottayamINR 5000
Annamalai University Distance EducationAnnamalaiINR 7000
Karnataka State Open University (KSOU)MysoreINR 13,500

MCom Curriculum

The MCom programme is split into four semesters. Distinct MCom concentrations have different subjects. There are a variety of subjects available in the MCom degree; nevertheless, during the first year of the programme, students in all specialisations are taught the same set of MCom subjects. Students who choose a specialisation in their second year must select from a list of elective subjects available in the Master of Commerce programme. Candidates may be expected to complete internship projects in the final semester in specific situations.

MCom Syllabus 

The majority of colleges in the country have a nearly identical MCom syllabus and course content, with minor differences. The following are the common MCom subjects, both required and elective:

MCom Compulsory Subjects
Accounting and Managerial DecisionsBusiness Environment
Computer Applications in BusinessCorporate Financial Accounting
Corporate Legal EnvironmentCorporate Tax Planning
E-CommerceEconomics of Global Trade and Finance
Financial ManagementManagement Concepts and Organization Behaviour
Managerial EconomicsMarketing Behaviour
Statistical AnalysisStrategic Management

The table below lists some of the most prevalent elective disciplines and courses in the Master of Commerce programme. These courses are usually offered in the later semesters to students.

MCom Elective Subjects
Banking and FinanceEntrepreneurial Management
Commercial Bank ManagementFinancial Bank Management
Financial MarketsHuman Resource Management
International FinanceInvestment Management
Research Methodology in CommerceIncome Tax

MCom Top Books

The table below displays a list of MCom course books that can assist students to perform well in semester-end exams:

Name of the BookName of the Author
Principles of AccountingDixon Cooper, Mitchell Franklin, and Patty Graybeal
Business TaxationRadhakrishnan P
Financial AccountingR. Narayanaswamy
Cost Accounting M.P Gupta
Financial ManagementI.M. Pandey

MCom Specialisation 

The many MCom specialisations have been listed here. The following section will go over the top MCom specialisations.

MCom Accounting and FinanceMCom Computer Application
MCom TaxationMCom Marketing 
MCom Banking and FinanceMCom Business Management
MCom Business AdministrationMCom Financial Management
MCom E-CommerceMCom Finance and Control
MCom StatisticsMCom Accountancy
MCom EconomicsMCom Banking

MCom Accounting and Finance 

MCom Accounting and Finance is a course that focuses on the accounting industry and the economy’s finances. It gives you a thorough understanding of accounting principles and other finance-related topics. This MCom course is offered by Mount Carmel College, NIMS University, and other institutions, and it provides excellent employment chances in the accounting profession and elsewhere.

Duration of the Course2 years
Examination TypeSemester-Wise
EligibilityA minimum score of 50% (Relaxable for reserved category students) marks at graduation level.
Admission ProcessEntrance exam based/Merit-based
Course FeeBetween INR 8,000 to 2.25 Lacs
Average Starting SalaryINR 15,000 to 19,000
Top Recruiting CompaniesInvestment firms, Banks, Custom departments, Insurance Industry, Import/Export Firms
Job PositionsAccountant, Investment analyst, Personal Finance Consultant, Business and Corporate analyst, Investment banker, Operations Manager etc.

MCom Computer Application

Computer applications provide you with both theoretical and practical experience in the field of computer applications. This section is mostly concerned with software designed to assist users in gaining simple access to apps. Colleges like as NIMS University, Annamalai University, Kakatiya University, and others offer MCom Computer Applications programmes.

Duration of the course2 Years
Examination Type Semester Wise
EligibilityA minimum score of 50% in the undergraduate level and for SC/ST/OBC the percentage is 45%.
Admission ProcessMerit-Based/Entrance Based admission
Course FeeRs. 10,000 to Rs. 60,000
Average SalaryRs. 30,000 to Rs. 6,00,000
Top RecruitersCognizant, Wipro, HP, L&T infotech, Polaris, IndusInd Bank, Capgemini
Job positionsBudget analysts, Mobile application developers, Management Consultants, etc

MCom Taxation 

The MCom Taxation course instructs students on tax issues, tax literature, tax reviews, and other topics. You can work as a financial analyst, a tax collector, or a business analyst after completing this course.

Duration of the course2 years
Examination TypeSemester system
EligibilityA minimum score of 50% in the undergraduate level and for SC/ST/OBC the percentage is 45%. The candidates must be from commerce
Admission ProcessEntrance exam based/Merit-based
Course FeeINR 1 to 4 Lacs
Average Starting salaryINR 5 to 20 Lacs per annum
Top recruiting companiesGenpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd), etc.
Job PositionsTax Recruiter, Tax Policy Analyst, Tax Advisor, Revenue Agents, Tax Examiners, Tax Manager, Tax Accountant, Tax Collectors, etc.

MCom Marketing 

In the sphere of business and management, marketing is actively pursued and applied. MCom Marketing typically entails a hands-on project and covers all of the technical knowledge and abilities required for marketing in the fields of commerce and finance.

Duration of the course2 years
Examination typeSemester
EligibilityBachelor’s degree in Commerce with a minimum score of 50%. Candidates must have Maths, Economics or Accounts in the graduation level
Admission ProcessEntrance Exam / Merit-based
Course FeeINR 3,720 to 1,29,000
Average SalaryINR 4.5 to 8 Lakhs per annum
Top Recruiting CompaniesGoogle, Facebook, ITC, Hindustan Unilever, BhartiAirtel, etc.
Job PositionsMarketing Operations Specialist, Assistant Manager, Communications Manager, Public Relations Manager, Lecturer, Teacher, Management Associate, Business Manager.

MCom Banking and Finance 

MCom Banking and Finance is a two-year postgraduate programme that provides applicants with in-depth knowledge of banking procedures, laws, and financial management, among other topics. After completing the MCom in Banking and Finance, individuals can work as treasurers, loan counsellors, sales officers, and a variety of other positions.

Duration of the Course2 years
Examination TypeSemester
EligibilityBachelor’s degree in Commerce with a minimum score of 50%.
Admission ProcessEntrance Exam / Merit-based
Course FeeBetween INR 2 lac to 5 lac
Average Starting SalaryRs.15000 to 3 lac
Top Recruiting Companiesbanks, credit companies, business schools, Indian economic services, consultancies etc.
Job PositionsTreasurer, Business Analyst, Loan Counsellor, Marketing executive, credit and risk manager, etc.

MCom Economics

One of the most popular specialities in the MCom Course in Economics. Candidates will gain an understanding of numerous microeconomic and macroeconomic aspects through this course. Candidates who take the MCom Economics course will gain an understanding of various fiscal and monetary policies.

Duration of the Course2 Years
Examination TypeSemester Based
Eligibility CriteriaBachelor’s degree in Commerce with 55% aggregate score 
Admission ProcedureMerit or Entrance Based 
Course FeesINR 6,000-INR 55,000
Average Starting Salary INR 4,00,000
Job Positions Economist, Part-time Teacher, Financial risk analyst, Economic researcher, etc
Top Recruiting Companies TVS Motor Company, MoonRun Capital, Monarch, The Economist Intelligence Unit, Barclays, IMA India, CRISIL Limited, etc

MCom Finance 

MCom Finance deals with the organization’s financial difficulties, such as budgeting and other finance-related issues. Financial Accounting and Packages, Banking & Technology, Insurance and Risk Management, Portfolio Management, and other topics are covered.

Duration of the course2 Years
Examination TypeSemester Based
Eligibility CriteriaBachelor’s degree in Commerce with 55% aggregate score 
Admission ProcedureEntrance Exam + Counselling 
Course FeesINR 1,00,000-4,00,000 per annum 
Average Starting Salary INR 4,00,000-INR 20,00,000 (per annum) 
Job Positions Financial Consultant, Investment Banker, Auditor, Finance Manager, Financial Analyst, Quant Specialist, Financial Controllers etc. 
Top Recruiting Companies Genpact, Tata Motors, BSNL, Wipro Technologies Ltd., WNS Global Services, TATA Consultancy Services Limited, National Small Industries Corporation Limited, Heavy Engineering Corporation Limited etc. 

MCom Colleges in India

The MCom colleges are listed by city.

 Mumbai

The top MCom Colleges in Mumbai are

College NamesAverage Fee
Narsee Monjee College Of Commerce And Economics, MumbaiINR 32,000
K J Somaiya College Of Arts & Commerce, MumbaiINR 13,320
Sydenham College Of Commerce & Economics, MumbaiINR 8,165
Jai Hind College, MumbaiINR 14,947
St Andrew’s College Of Arts Science And Commerce, MumbaiINR 16,125
Mumbai University, MumbaiINR 2226
Ramniranjan Jhunjhunwala College, MumbaiINR 14,815
Shreemati Nathibai Damodar Thackersey Women’s University, MumbaiINR 15,189
Spn Doshi Women’s College, MumbaiINR 8,865
Rizvi College Of Arts Science And Commerce, MumbaiINR 15,500

Delhi 

Below is a list of the best MCom colleges in Delhi.

College NamesAverage Fee
Shri Ram College Of Commerce, New DelhiINR 29,400
Hindu College, New DelhiINR 18,310
Hansraj College, New DelhiINR 17,304
Atma Ram Sanatan Dharma College, New DelhiINR 11,771
Sri Guru Tegh Bahadur Khalsa College -, New DelhiINR 18,954
Delhi University, New DelhiINR 5,140
Ramjas College, New DelhiINR 14,284
Department Of Commerce, University Of Delhi, New DelhiINR 4001
Janki Devi Memorial College, New DelhiINR 15,711
Motilal Nehru College, New DelhiINR 8,636

Bangalore

A list of MCom Colleges in Bangalore has been tabulated below

College NamesAverage Fee
Christ University, BangaloreINR 75,000
Kristu Jayanti College, BangaloreINR 80,000
Nmkrv College For Women, BangaloreINR 150,000
St Joseph’s College, BangaloreINR 78,500
Seshadripuram College, BangaloreINR 36,000
Aims Institutes, BangaloreINR 166,000
PES University, BangaloreINR 80,000
Presidency College, BangaloreINR 90,000
T John Institute Of Management And Science, BangaloreINR 72,000
REVA University, BangaloreINR 90,000

 Pune 

The following is a list of some of the nest MCom colleges in Pune

College NamesAverage Fee
Symbiosis College Of Arts And Commerce, PuneINR 40,511
Brihan Maharashtra College Of Commerce, PuneINR 7,225
Bharati Vidyapeeth Deemed University, PuneINR 11,500
Abeda Inamdar Senior College, PuneINR 10,670
Marathwada Mitra Mandal’s College Of Commerce, PuneINR 57,000
Mit World Peace University, PuneINR 50,000
Dr D.Y. Patil Arts, Science And Commerce College Pimpri, PuneINR 22,080
Suryadatta College Of Management, Information Research And Technology, PuneINR 60,000
Yashwantrao Mohite College, PuneINR 11,500
Tilak Maharashtra Vidyapeeth, Pune

Chennai

A list of MCom colleges in Chennai has been tabulated below

College NamesAverage Fee
Loyola College, ChennaiINR 11,580
Stella Maris College, ChennaiINR 20,000
Women’s Christian College, ChennaiINR 48,728
Guru Nanak College, ChennaiINR 11,450
Presidency College, ChennaiINR 870
Srm Institute Of Technology, Kattankulathur, ChennaiINR 35,000
Queen Mary’s College, ChennaiINR 592
The New College, ChennaiINR 3,905
B.S. Abdur Rahman Crescent Institute Of Science & Technology, ChennaiINR 60,000
Mohamed Sathak College Of Arts And Science, ChennaiINR 27,000

Hyderabad 

A list of MCom Colleges in Hyderabad has been tabulated below

College NamesAverage Fee
St Ann’s College For Women, HyderabadINR 12,080
Osmania University College For Women, HyderabadINR 22,730
A.V. College Of Arts Science And Commerce, HyderabadINR 12,080
Dr B.R. Ambedkar Open University, HyderabadINR 5,000
K L University, HyderabadINR 140,000
Maulana Azad National Urdu University, HyderabadINR 6,100
Sarojini Naidu Vanita Mahavidyalaya , HyderabadINR 11,000
R.G. Kedia College Of Commerce, HyderabadINR 12,080
Osmania University, Prof. G. Ram Reddy Centre For Distance Education, HyderabadINR 4,500
Badruka College Of Commerce And Arts, Hyderabad

Kolkata

A list of MCom colleges in Kolkata has been tabulated below

College NamesAverage Fee
Goenka College Of Commerce And Business Administration, KolkataINR 1,485
JD Birla Institute, KolkataINR 62,600
University Of Calcutta, KolkataINR 2,314
St. Xavier’s College, KolkataINR 94,000
Amity University, KolkataINR 95,000
Shri Shikshayatan College, KolkataINR 43,620
Sister Nivedita University, KolkataINR 94,600
St. Xavier’s University, KolkataINR 136,000
Netaji Nagar Day College, KolkataINR 18,810
Prafulla Chandra College, KolkataINR 20,000

Top MCom Colleges: Highest Placements in India

NamesTop RecruitersPlacement Package
Shri Ram College Of Commerce, New DelhiWipro, Samsung, KPMG, EY etcINR 15 LPA
Christ University, BangaloreDeloitte, EY, KPMG, TCS etcINR 13 LPA
Hansraj College, New DelhiCapgemini, P&G, OYO, KPMG etcINR 31 LPA
Narsee Monjee College, MumbaiReliance, Citi Bank, Infosys, Deloitte etcINR 8 LPA
Loyola College, ChennaiIBM, Dell, TATA Motos, Flipkart etcINR 5.5 LPA

College Comparison

A substantial comparison of some of the best colleges considering for an MCom programme is shown in the table below:

ParametersHindu College, New DelhiPresidency College, ChennaiLoyola College, Chennai
OverviewIt’s one of the oldest and most prestigious colleges of Delhi university offering UG and PG courses in all streams.It is one of the best universities in the world with the best teaching methodology and education environment.Loyola college is an institute affiliated with the university of madras. It is also famous for health care law and a medical school.
NIRF- Ranking236
Average FeeINR 44,000INR 1700INR 20,000
Average Placement PackageINR 5 LPAINR 3.5 LPAINR 5 LPA
ROI Rank312
Top companies participate in placement drivesKPMG, DE Shaw, Maruti, Jaypee, Deloitte, Google and others.HDFC Bank, TATA AIG, Federal Bank. Mind tree, reliance etcE&Y, Zoho corps, well Fargo, Wipro, TCS, IBM, Amazon and others.

MCom Abroad

In top overseas countries such as the United States, New Zealand, Canada, and Australia, MCom or equivalent courses are taught. The courses are more expensive in comparison to those offered in India. The eligibility requirements for the courses differ from one country to the next. However, some of the course’s eligibility requirements remain the same.

  • Candidates must pass their 12th grade or comparable exam with honours.
  • Candidates must pass an English proficiency exam, such as the IELTS or TOEFL.
  • Candidates must pass the GRE exam, which is required by various universities and colleges.
  • In some situations, candidates must submit a letter of intent.
  • Two references are required from candidates.
  • Some colleges require the candidate to qualify for their entrance exam and personal interview.

USA 

College/University NamesAverage Fees
University of California – Riverside CampusINR 43,15,300
University of DaytonINR 24,33,300
University of South CarolinaINR 21,93,000
University of MichiganINR 38,28,600
University of IdahoINR 17,85,900

New Zealand 

College/University NamesAverage Fees
AUT University, AucklandINR 23,49,800
University of Otago, DunedinINR 21,25,700
University of Auckland, AucklandINR 20,79,400
Victoria University of Wellington, WellingtonINR 18,62,000

Canada 

College/University NamesAverage Fees
Western UniversityINR 9,72,100
University of TorontoINR 27,10,500
York University, TorontoINR 41,39,900
Queen’s University, KingstonINR 37,49,500
Saint Mary’s University, HalifaxINR 22,07,600

 Australia 

College/University NamesAverage Fees
Victoria University, MelbourneINR 11,74,800
The University of AdelaideINR 21,53,800
Flinders University, AdelaideINR 17,62,200
Swinburne University of Technology, MelbourneINR 14,49,000
University of SydneyINR 21,29,400

MCom College Ranking

Mcom College rankings are determined by a variety of government and commercial entities using a variety of criteria. The NIRF and India Today MCom college rankings are mentioned below.

MCom College NIRF ranking 

NIRF ranking College Names
3Hindu College, Delhi
5Presidency College, Chennai
6Loyola College, Chennai
St. Xavier’s College, Kolkata
10PSGR Krishnammal College for Women, Coimbatore
12Shri Ram College of Commerce, Delhi
13Atma Ram Sanatan Dharma College, Delhi
15Deen Dayal Upadhyaya College, Delhi
17Madras Christian College, Chennai
19Kirori Mal College, Delhi

MCom Jobs & Career

Candidates with an MCom degree can seek employment in a variety of departments or pursue certification courses such as CA, CFA, CMA, ACCA, and others.

  • Accounting, Consumer durables industry, Telecom industry, Banking and Insurance industry, Automobile industry, BPO industry, Media industry, Retail industry, and a variety of other fields are available to MCom graduates in the private sector.
  • Sales Officers, Accounts Managers, Finance Managers, Company Law Assistants, Cost Accountants, Financial Advisors, Financial Consultants, Tax Consultants, and other positions are available to MCom graduates.

Students have a wide range of work options in both the public and private sectors, as long as they are not limited to careers in accounting, finance, or banking.

Some of the prominent MCom Jobs available to the postgraduates are:

Job ProfileJob DescriptionAverage Package
Account AssistantThis includes maintaining ledgers, assisting customers, preparing and distributing checks, and basic bookkeeping work.INR 2.20 LPA
Cost AccountantThey usually perform routine analyses to help determine the type of operations and materials that are most cost-effective for the office or their organization.INR 5.16 LPA
Business ConsultantTheir role is to analyze the market, product lines and the overall profitability of the business.INR 9.86 LPA
Investment BankerThey basically help their clients to raise money in the capital market by issuing debt or selling their equity in the companies.INR 9.4 LPA
Marketing ManagerThey are responsible for developing, implementing and executing the marketing plans of the organization.INR 7.17 LPA
Operations ManagerThey deal with the hiring procedures, setting up of targets, team management and alike.INR 7.8 LPA
Finance ConsultantThey help their clients in meeting their short and long term goals by advising them on tax planning, investment and retirement planning and others.INR 3.6 LPA
Stock BrokerStock Brokers usually deal with stocks and perform financial services for the companyINR 3.50 LPA
Assistant ProfessorThey are usually employed in institutes and colleges and teach the younger generations everything about commerce and conduct research at the same time.As per Govt. Standards

Top Recruiter

The top recruiters for MCom graduates are shown below.

Top CompaniesAverage Salary 
HDFC BankINR 350,000
KPMGINR 390,000
AmazonINR 820,000
PwCINR 5,50,000 
SBIINR 331,000
Punjab National BankINR 890,000
DeloitteINR 807,040 
Grant ThorntonINR 970,000
IndusInd BankINR 3,66,818
ICICI BankINR 465,772
Ernst & YoungINR 500,000
Lodha & Co.INR 428,000

MCom Scope

Because of the world’s digitalization, the commerce sector is growing at an ever-increasing rate. Students with an MCom degree are most likely to work in banking and finance. The majority of students are studying for CA (Chartered Accountancy), CMA (Certified Management Accountant), and other prestigious national and international financial and accounting certification courses.

The following is a list of courses that are commonly pursued after completing an MCom:

Doctor of Philosophy (PhD): 

After completing a master’s degree programme, a PhD is the highest degree that can be pursued. As a result, students can pursue this research-based degree after completing their MCom, which can take up to 3-5 years to accomplish. Entrance exams such as the NET and other equivalent national or university-level examinations are used to determine admission. For students interested in lectureships and fellowships, this is the greatest alternative.

Students can pursue one of the following PhD degrees in the discipline of commerce:

PhD EconomicsPhD Business ManagementPhD Accountancy
PhD Banking & FinancePhD Business EconomicsPhD Finance

Management Courses:

Management, as we all know, is a field where top business professionals and managers are required to flourish. At the master’s level, there are numerous management courses offered. Entrance tests such as the CAT, MAT, XAT, GMAT, GRE, CMAT, and other management entrance exams are used to determine admission.

They offer a wide range of job chances and improved career prospects in a variety of high-paying industries, including management, finance, international business, business analytics, supply chain, logistics, healthcare management, and many more.

The top master’s level or higher management courses that MCom students are qualified to study in order to enter the difficult area of management are listed below:

MBA (Master of Business Administration)PGDM (Post Graduate Diploma in Management)
PGPM (Post Graduate Program in Management)Executive Fellow Program in Management

Bachelor of Law (LLB):

It is the only recognised law degree and should only be used if you intend to practise law or work in the fields of legal research and management. The LLB programme lasts three years and leads to positions such as lawyer, advocate, legal expert, corporate lawyer, legal consultant, government lawyer, and so on. In the legal area, pay rises with experience and knowledge.

The following is a list of the best certification courses that students can pursue after completing their MCom in order to pursue a successful career in the fields of accountancy, finance, and economics in India and abroad:

Chartered Accountancy (CA)

Most Indian students with a commerce background pursue CA because of the financial stability, professional respect, and higher-paying job opportunities. According to Payscale, the average compensation range for a CA in India is around INR 7-20 LPA.

Certified Management Accountant (CMA)

If you want to work in the account management profession on a global scale, this is the appropriate course for you. The Institute of Management Accountants (IMA) in the United States offers the CMA programme, which has numerous job opportunities. In India, the average salary after completing this course is around INR 5-20 LPA, and up to INR 30 LPA in the United States.

Chartered Financial Analyst (CFA)

CFA is one of the most prestigious and challenging certifications to obtain. It is one of the greatest certification courses available, delivering and controlling higher education requirements in the subject of finance. In order to formally work as a CFA, students must pass three levels of tests. In India, an average salary of INR 4-25 LPA can be earned after completing this degree.

Certified Financial Planner (CFP)

Following BCom honours, CFP is once again one of the most sought-after courses to work as a Financial Consultant in India. The certification gives individuals an advantage in the job market and allows them to earn more money. If you work independently, you can expect to earn roughly INR 4-15 LPA on average, and even more in some cases if you have relevant experience and a successful customer base.

Public Accounting (CPA)

A US certified public accountant is one of the top qualifications you can obtain in the United States, and it can help you further your career in the field of accounting around the world. After passing this certification, the typical pay in India is around INR 7-20 LPA.

Financial Risk Manager (FRM)

If you’re interested in risk management and related subjects, FRM is the programme for you. The Global Association of Risk Professionals offers a globally recognised certification for financial and banking professionals (GARP, USA). In India, the average pay is around INR 10-17 LPA, while in the United States, it is considerably more.

Association of Chartered Certified Accountants (ACCA)

The Association of Chartered Certified Accountants (ACCA) is one of the world’s fastest-growing accounting organisations. Students who join ACCA have excellent employment prospects in India and around the world, with salaries ranging from INR 6-16 lakhs per annum and higher.

MCom Course: Required Skillset

The MCom course is largely about numbers, graphs and calculations, hence, it is essential for an aspirant to have sharp analytical skills and a love for numbers. To pursue MCom and further make a career in the related field, one should possess the following skills:

MCom Required Skillset
Logical reasoningAbility to remember facts and figures
Strong analytical skillsAbility to handle pressure (of course as well as work)
Strength in MathematicsStrong verbal and communication skills
Eye for detailLeadership qualities
Knowledge of the banking and finance sectorGood with computers

Salary After M.Com

The average starting salary of a fresher can range between Rs. 3 lakhs to Rs. 5.5 lakhs. Most of the time salary packages largely depend upon different factors like professional experience, the area of employment and position held. With adequate professional experience, candidates can also look for jobs in Heavy Engineering Corporation Limited for posts like Accounts Assistant, Senior Accounts Executive etc. for better salary packages and positions.

Here are some of the M.Com specialisation-specific salary ranges for freshly graduated candidates. It must be notified that the salary may vary as per a candidate’s experience, job role, employer and various other factors like location, etc. 

M.Com SpecialisationSalary 
M.Com FinanceUp to INR 5.1 LPA or more
M.Com ITINR 4.2 LPA
M.Com MarketingINR 3.9 LPA
M.Com Supply Chain ManagementINR 11 LPA
M.Com IBINR 5.1 LPA

MCom: FAQs

Q1. What are the types of MCom?

Ans. There are not many types of MCom degrees in India. It is usually based on the specializations or topics the college or university is providing. The different types of MCom are:
Mcom Regular
MCom Financial Management
MCom Accounts and Finance
MCom Finance
MCom Computer Applications
MCom Business Management, etc.

Q2. What opportunities do I have after completing MCom? What is the scope of MCom in India?

Ans. Students with an MCom degree can pursue careers in finance, economics, business, e-commerce, and banking. Following completion of this master’s degree programme, these are the key sectors of employment.
If you want to advance your career, there are a variety of courses available after MCom, including PhD, CA, CFA, CFM, CFP, ICW, LLB, and others.
These courses will give MCom students an advantage that will enable them to perform better in their careers, and they will be able to earn an average salary of INR 6-12 LPA.
If you want to teach, you can join a coaching institute of classes and make a good living. If you want to get into lecturership then you can qualify for the NET exam and become a Professor in a distinguished college or institute, and earn around INR 4-10 LPA, and even more as per the government standards.

Q3.  Which is better: MCom or MBA?

Ans. A master’s degree in commerce is known as MCom, and a master’s degree in management is known as MBA. Both provide a wide range of professional opportunities and have their own set of benefits.
Accountants, Tax Consultants, CA, CFA, Financial Consultants, Business Consultants, and other professionals can become Accountants, Tax Consultants, CA, CFA, Financial Consultants, Business Consultants, and other professionals with an MCom. Following graduation, students can pursue a variety of higher degrees and courses, as previously noted.
MBAs, on the other hand, prepare students for management and leadership roles in a variety of fields, including marketing, finance, international business, digital marketing, e-commerce, data and business analytics, and so forth. After an MBA from a top B-School, the typical beginning income is around INR 12-20 LPA. The average fee to pursue MCom is a lot less than MBA. It can go up to INR 23 Lakhs to complete MBA from IIMs, SJIMER, NMIMS, etc. 
For students who are genuinely interested in the commerce field and want to achieve a higher position in accounting, banking or taxation, then MCom is the course that you want to pursue. But if you want to enter the field of corporate industry as a management professional and expert then MBA is the best study option for you.

Q4. Is it worth doing MCom correspondence from IGNOU?

Ans. IGNOU is a central university that offers a variety of undergraduate, graduate, diploma, and certification programmes to students. Because the course curriculum of an MCom degree is rather extensive, it can be a suitable alternative if you are pursuing another course such as CA, CFA, CFP, CMA, or any other higher degree course. It is also a good idea to take MCom through correspondence or distance learning in IGNOU. The tuition is lower, and it includes a good curriculum as well as career advice from academics and teachers.

Q5. What are the criteria for MCom admission to SRCC?

Ans. SRCC is affiliated with Delhi University, which conducts admission in 2 ways: direct admission and through entrance exam. 
Direct Admission is granted on the basis of marks obtained in the BCom course. It should be above 90%.
Entrance Exams are conducted yearly that offer MCom admissions, and based on their performance students will be granted admission to SRCC. 

Q6. What are the passing criteria for passing IGNOU MCom?

Ans. Following are the passing criteria for MCom IGNOU:
Theory Subjects: A minimum of 40% in total in all the theory subjects.
Assignments: A minimum of 50% in total in all the submitted assignments.
Final Marks: 70% of theory+ 30% of assignments, which should be a minimum of 40% of the total marks.

Q7. What are the best colleges for MCom?

Ans. Some of the best universities to pursue an MCom degree are:
Delhi University
Christ University
IGNOU
Banaras Hindu University (BHU)
Lucknow University
Allahabad University
Mumbai University
University of Calcutta
Bangalore University, among others.

Q8. Can I become a CA after doing an MCom?

Ans. Without a doubt! After completing your MCom, you can pursue a career in accounting. In fact, you can pursue it concurrently with your MCom. There is no age limit for pursuing CA, so you can start at any moment. CA will take at least 3-5 years to finish.

Q9. Which is better, Master of Commerce or LLB?

Ans. Both of these routes are diametrically opposed to one another. LLB is a law degree that can be pursued after graduation to help you become a lawyer, advocate, or work in the legal field. MCom degrees provide a higher level of study and understanding in areas such as economics, finance, taxation, and business management.
So, which master’s degree to pursue is entirely dependent on your interests. An LLB has more job opportunities than a mere MCom. MCom is useful if you wish to pursue higher education and work as a lecturer or teacher in colleges or universities.

Q10. How many subjects are there in the Master of Commerce 1st year?

Ans. Following are the subjects in MCom 1st year:
Organizational Behaviour
Human Resource Management
Managerial Economics
International Business
Micro Economics & Macro Economics
Statistics
Operational Research
Accounting Theory
Business Ethics and Corporate Governance
Marketing Management

Q11. What has been the highest placement package at Delhi School of Economics in the MCom course?

Ans. In India, the Delhi School of Economics is well-known for its commerce education. The highest ever placement package was INR 28 LPA, and the average package is about INR 10-12 LPA.

Q12. What is the average placement in Banaras Hindu University after a Master of Commerce?

Ans. BHU is a prominent institution in India for education in a variety of fields. They provide excellent placement chances, and many organisations come to recruit talented students. In firms like HDFC, ICICI, TCS, and Infosys, the average salary is around INR 4-7 LPA. Students with a cgpa of 5.5 or higher are eligible to sit for placements. The college is noted for placing approximately 90-97 per cent of its students. Although the placement committee is not very spectacular, many prominent organisations visit the campus to seek deserving applicants due to the college’s reputation.

Q13.  Is it true that the BHU PET exam date is postponed due to the COVID-19 crisis?

Ans. Yes, the BHU PET exam, which was scheduled for April 26, 2020, has been postponed until further notice due to the coronavirus and lockdown extension in India. Applicants will be notified by email and text messages if they are selected.