M.Com Finance: Course Details, Fees, Colleges, Admission, Eligibility, Salary

  • Posted 3 weeks ago

Mohit Dhulia

M.Com Finance is a two-year full-time postgraduate degree programme that is divided into four semesters. The course covers advanced topics in finance and accounting, including principles, strategies, and policies.

Financial Analyst, Investment Banker, Chief Finance Officer, and other positions in government and private sectors, banking, public accounting firms, financial consultancies, corporations, and other fields are accessible to MCom Finance graduates. They can also enrol in an MBA programme, which would help them advance in their careers.

Candidates who want to pursue this course must have a Bachelor’s degree in Commerce with a focus on accounting, finance, and economics. They must have at least a 55 per cent overall grade point average in order to graduate.

The majority of institutions grant admission to this program based on the candidate’s success in the particular college’s entrance exam. The entrance exam is followed by a round of interview sessions to evaluate the candidate’s logical thinking capabilities and other course-related aspects. 

Some colleges, on the other hand, offer direct admission to this course based on the candidate’s score on the previous qualifying examination. Shortlisted candidates may also be invited to a personal interview at some colleges.

The following are some of India’s best M.Com Finance Colleges:

Name of the College Admission Process Average Course Fees Average Annual Salary  
K.P. B Hinduja College of Commerce, Mumbai Merit-Based INR 7,000 INR 4,00,000 
Punjab University, Punjab Entrance Based  (CET-PG) INR 20,000 INR 3,50,000 
Mata Gujri College, Punjab Entrance Based INR 16,000 INR 3,00,000 
Seshadripuram College, Bangalore Merit-Based INR 36,000 INR 2,50,000 
NSS College, Kerala Merit-Based INR 2,000 INR 4,50,000 

M.Com Finance tuition fees typically range from INR 1,00,000 to INR 4,00,000. The government-affiliated colleges demanded lower course costs than the private colleges.

Genpact, Tata Motors, TATA CONSULTANCY SERVICES LIMITED, WNS Global Services, BSNL, National Small Industries Corporation Limited, Heavy Engineering Corporation Limited, and others have all hired such individuals.

The typical starting wage for postgraduates in this field ranges from INR 4,00,000 to INR 20,00,000 per year.

M.Com Finance: Course Highlights

The following are the major highlights of the M.Com Finance course:

Course Level  Post Graduate 
Duration  2 Years  
Eligibility Criteria  Bachelor’s degree in Commerce with 55% aggregate score 
Admission Procedure  Entrance Exam + Counselling 
Examination Type  Semester Based  
Job Profile  Financial Consultant, Investment Banker, Auditor, Finance Manager, Financial Analyst, Quant Specialist, Financial Controllers etc. 
Top Recruiting Fields Government and Private Sectors, Public Accounting Firms, Corporations, Consultancy, Budget Planning, Market Research 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. 
Average Course Fees  INR 1,00,000-4,00,000 per annum 
Average Starting Annual Salary INR 4,00,000-INR 20,00,000 (per annum) 

What is it about M.Com Finance?

  • The M.Com in Finance programme focuses on the systematic study of finance and accounting. The course is specifically designed to offer students a broad range of financial abilities in preparation for a future in corporate business, stock markets, and other financial fields.
  • This course covers accounting principles, economic theory, financial planning, banking, micro and macroeconomics, and more.
  • Accounting, Taxation, Accounts and Finance related mathematics, Payroll accounting, SAP, and other topics are covered in the course programme.
  • Students can learn about business and accounting trades, business management policies, marketing principles that have arisen in the business world, corporate sectors, and financial management organisations during this course study.
  • Public accounting, audit, tax, budget analysis, real estate finance, and other specialisations are available to students.
  • Financial management, financial accounting, company management, costing, statistics, and other topics are often addressed in this course.

Why Study M.Com Finance?

  • According to recent studies, leading multinational corporations are looking for skilled financial advisers or finance officers that can provide better guidance on the profit and well-being of the organisation. In today’s accounting and finance industry, an M.Com Finance course is in high demand.
  • Candidates who complete this course successfully may be eligible for a variety of job opportunities in the financial and banking sectors.
  • Financial consultants, investment bankers, financial analysts, quant specialists, financial managers, chief financial officers, stockbrokers, financial controllers, and other positions in the public and private sectors, public accounting firms, banking sectors, stock exchange markets, corporations, budget planning sectors, and more are available to successful postgraduates.
  • By taking the UGC-NET or JRF exams, applicants can apply for lectureships and professorships.
  • On the basis of their talents and expertise in this industry, such individuals can easily earn up to INR 4,00,000-20,00,000 each year.
  • Aside from that, postgraduates may be able to contribute their knowledge in a relevant subject of study by conducting additional research.

What is the Admission Procedure for the M.Com Finance course?

Admission to the M.Com Finance programme is determined by a candidate’s success in the college’s own entrance tests. The college admission committee will shortlist the most qualified candidates for M.Com Finance admission based on their scores.

However, certain Indian institutions and universities provide direct admission to this course based on the candidate’s performance in the previous qualifying examination.

Merit-Based Admission: 

In the months of May and June, the majority of M.Com Finance colleges and universities release application forms. The college admissions office will publish the merit list after examining all submitted application forms. Candidates that achieve the cut-off rank are eligible to enrol in this programme. Both online and offline applications are accepted.

Entrance-Based Admission: 

  • To choose the most qualified students for this programme, the majority of M.Com Finance universities hold their own entrance exam.
  • The individual colleges publish a cut-off list after evaluating their performance on the entrance exam. Qualified candidates will be invited to an interview round.
  • On the basis of their academic performance, entrance exam scores, and personal round performance, the college admission committee will admit eligible candidates.
  • Candidates must submit all required documentation to colleges at the time of admission after final selection.
Relevant Links
Master Of Business Administration [MBA] (marketing) Master Of Business Administration [MBA] (human Resource Management) Master Of Commerce [M.com] (accounting And Finance)
Master Of Commerce [M.com] (marketing) Master Of Commerce [M.com] (financial Management) Master Of Business Administration [MBA] (finance)

What are the Eligibility Criteria for Admission to M.Com Finance Course?

Interested candidates must meet the following eligibility criteria to be considered for admission to the M.Com Finance programme:

  • Any authorised university must award a Bachelor’s degree in commercial areas such as accounting, algebra, and economics.
  • Candidates who have completed a B.Com/BBA/BBS or any other similar degree with a minimum aggregate score of 55 per cent are eligible to apply for this course.

M.Com Finance Selection Process

The selection of the candidate for M.Com Finance is done on the basis of entrance exams. There are several colleges across India that give admission to M.Com in Finance based on the candidate’s result in the qualifying entrance exam such as AUCET, SKUCET, ANU PGCET, OUCET etc. Most of the entrance tests would be computer-based and consist of objective-type questions. And in some cases, the entrance exam will be carried out in offline mode/ pen paper-based entrance test. Based on the candidate’s ranking or score, they will be shortlisted for the M.Com in Finance admission. The entrance exam consists of components of assessment such as English Comprehension, Data Analysis and Data Sufficiency, Logical & Critical Reasoning, Quantitative Aptitude, and General Awareness.

But there are some universities and colleges that offer direct admission in M.Com Finance based upon the candidate’s performance in the last qualifying examination.

M.Com Finance Course Fee

The course fee of M.Com in Finance can vary from Rs Rs 1,00,000/- to 4,00,000/- annually and in some colleges, the course of the program will even be higher. Nevertheless, the course fee can vary from college to college.

What are the Entrance Exams Applicable for M.Com Finance Course Admission? 

Most reputable M.Com Finance colleges in India admit qualified candidates based on their performance in the college’s entrance exams.

AUCET stands for Andhra University Common Entrance Test, which is used to admit students to postgraduate programmes. Andhra University’s Directorate of Admission administers this state-level exam.

PUCET: Punjab University conducts a state-level entrance exam for admission to both undergraduate and graduate programmes. The exam has been cancelled this year due to the COVID-19 pandemic.

Exam Name  Mode of Exam  

How to Prepare for M.Com Finance Entrance Exams? 

Try to remember the following suggestions while you prepare for the M.Com Finance admission exams:

  • To begin, you must review the M.Com Finance entrance exam syllabus. If you want to do well on the examination, you must understand the syllabus, exam pattern, and other details.
  • Quantitative aptitude, logical reasoning, data interpretation, and other topics are covered in MCQ format on the admission exam. As a result, learning certain shortcut strategies to solve the questions fast is critical.
  • Try to improve your general knowledge by reading newspapers, current events, and economic and financial information on a regular basis. This will assist you in succeeding in the interview process.
  • Because most tests have negative markings, don’t try to rush through any questions. Only respond to the question if you are certain.
  • The secret to passing an admission exam is time management. Divide your time into sections for each topic and try to cover everything in the allotted time.
  • Examine previous year’s question papers and the sample question booklet to determine your strong and weak aspects.
  • It is essential to revise regularly and take practice tests before taking the exam.

How to Get Admission into a Good M.Com Finance College? 

  • The candidate’s performance in the entrance exam is usually used to determine admission to the M.Com Finance programme. As a result, being well-prepared for the test is essential if you want to get into one of India’s top M.Com Finance colleges.
  • Some colleges will admit students based on their graduation grade point average. As a result, if you want to be admitted to universities that offer merit-based admission, you must score higher on the qualifying exams.
  • Remember to submit your completed application form before the application submission window closes, otherwise, your application will be rejected by the college committee.
  • Keep up with the most recent admissions procedures supplied by the various colleges. Visit the college’s official website and get the updated details of the course curriculum, entrance exam dates, and more.

Which are the Top Colleges for Studying M.Com Finance?

Based on their admission process, average course fee, and average placement package, some of India’s best M.Com Finance Colleges are listed below:

Name of the College Admission Process Average Course Fees Average Annual Salary  
K.P. B Hinduja College of Commerce, Mumbai Merit-Based INR 7,000 INR 4,00,000 
Punjab University, Punjab Entrance-Based (CET-PG) INR 20,000 INR 3,50,000 
Mata Gujri College, Punjab Entrance Based INR 16,000 INR 3,00,000 
Seshadripuram College, Bangalore Merit-Based INR 36,000 INR 2,50,000 
NSS College, Kerala Merit-Based INR 2,000 INR 4,50,000 
Mercy College, PallakadMerit Based INR 75,600INR 3,00,000 
St. Joseph’s College, Kerala Entrance Based   INR 19,000 INR 4,00,000 
Jiwaji University, Gwalior Merit Based INR 10,000 INR 3,00,000 

College Comparison for M.Com Finance

The following table compares the top three colleges in India that provide M.Com Finance courses:

Parameter K.P. B Hinduja College of Commerce Punjab University Jiwaji University 
Location Mumbai Punjab Gwalior 
Overview KPBHCC is a private college affiliated with the University of Mumbai. The college offers 15 different academic programs on UG, PG and doctorate levels. PU is approved by AICTE, UGC and NAAC. The college is well-known for offering UG, Integrated, PG, Executive, Diploma, PG Diploma, Certificate and research level courses. JU offers 21 UG, 64 PG, 22 Pre-Doctoral, 41 Doctoral and several Diploma and PG diploma courses. 
Eligibility Criteria Bachelor’s degree in Commerce discipline B.Com from any recognized university Bachelor’s degree in Commerce or Management with 50% marks 
Admission Process Merit Based     Entrance Based Merit Based     
Average Annual Fees INR 7,000 INR 20,000   INR 10,000   
Average Annual Salary INR 4,00,000   INR 3,50,000   INR 3,00,000   

What are the Subjects Covered in M.Com Finance Syllabus?

The M.Com Finance course syllabus is broken down into semesters as follows:

Semester 1 Semester 2 
Business Management E-Commerce 
Business Environment & Legislation Financial Accounting & Packages 
Business Economics Quantitative Methods for Business 
Quantitative Techniques for Business Financial Management 
Information Technology for Business Marketing Management 
Entrepreneurship Development Human Resource Management 
Semester 3 Semester 4 
Advanced Banking Banking Law and Practice 
Banking & Technology Bank Management 
Insurance Products & Management Insurance & Risk Management 
Principles of Life Insurance Insurance Actuarial 
Financial Markets & Services Portfolio Management 
Security Analysis and Investment Management Financial Derivatives 

Which Books are Recommended for M.Com Finance Course? 

The most highly suggested books for M.Com Finance course study are listed below:

Name of the Book Author  
The Intelligent Investor Benjamin Graham, Jason Zweig, Warren E. Buffet 
The Five Rules for Successful Stock Investing Pat Dorsey, Joe Mansueto 
The Rise of Finance: Causes, Consequences and Cures V. Anantha Nageswaran 
Common Stocks and Uncommon Profits and Other Writings Philip A. Fisher, Kenneth L. Fisher 

MCom Finance Course Comparison 

M.Com Finance Vs. M.Com Accountancy

If you want to pursue a master’s degree in business administration, finance and accounting will be your top choices. In today’s business environment, both of these courses are in high demand. However, there are some minor distinctions between M.Com Finance and M.Com Accountancy; the important factors are shown below:

Parameter  M.Com Finance M.Com Accountancy 
Overview  The course imparts advanced study on analyzing accounts-related data so that one can predict the future growth of an organization. The course focuses on the in-depth study of financial records management. This course teaches the students to analyze financial reports and utilize them for the company’s profit. 
Duration  2 Years  2 Years     
Eligibility Criteria Bachelor’s degree with Commerce subjects like accounts, math, and economics from a recognized university with a 55% aggregate score B.Com/BBA/BBS or any other equivalent Bachelor’s degree along with minimum 50% aggregate marks 
Admission Procedure  Entrance Based + Counselling Entrance Test + Counselling session   
Top Colleges  Punjab University, NSS College, Mata Gujri College, K.P.B Hinduja College of Commerce etc. K.P.B Hinduja College of Commerce, Annamalai University, Mohanlal Sukhadia University, Bharathiar University etc. 
Job Roles  Financial Consultant, Investment Banker, Quant Specialist, Auditor, Finance Officer, Finance Analyst, Finance Advisors, Financial Manager etc. Accounting Clerk, Auditing Clerk, Accounting Associate, Accountant, Chief Accounting Officer, Accounts Receivable Clerk, Accounting Firm Partner etc. 
Top Recruiting Companies  Genpact, TATA CONSULTANCY SERVICES LIMITED, BSNL, Wipro Technologies Ltd., WNS Global Services, NSIC, HEC Ltd. Etc. Educational Institutes, HDFC Bank, SBI, BSNL, Genpact, Wipro Technologies Ltd., TCS Limited, Tata Motors, NSIC, HEC Ltd. Etc. 
Average Fees  INR 1,00,000-4,00,000 INR 1,00,000-4,00,000 
Average Starting Salary  INR 4,00,000-20,00,000  (per annum) INR 4,00,000-20,00,000   (per annum) 

What are the Career Options and Job Profiles Available After Completing M.Com Finance Course? 

Successful postgraduates from this 2-year M.Com Finance programme can find work in a variety of areas, including government and commercial sectors, public accounting firms, budget planning, market research, enterprises, and finance consultancies.

Finance Manager, Financial Consultant, Investment Banker, Quant Specialist, Auditor, Financial Analyst, Chief Financial Officer, Certified Public Accountant, and more positions are accessible to M.Com postgraduates.

Some of the most promising job options available to accomplished M.Com Finance graduates, along with job descriptions and average salaries, are included below:

Job Role  Job Description  Average Annual Salary 
Financial Consultant Their role is to gather information for clients on the basis of investments, asset allocation, savings, tax planning, estate planning etc. They can also work as a freelancer or be a part of a financial consulting firm. INR 6,00,000 
Quant Specialist Their responsibility is to analyze statistics and market trends by using high-end mathematics. This will help them to determine appropriate levels of risk management and derivative pricing so that they can create presentations for clients along with recommendations for future investment planning. INR 7,70,000 
Investment Banker Their role is to interpret complex data to assess and predict financial risks and returns. Prepare legal documents by consulting with financial experts, accountants and lawyers. INR 9,20,000 
Auditor They actually work in the public and private sectors and provide expert advice on the usage of resources. INR 3,73,343 
Finance Officer They basically perform the organization’s financial matters, assist in monthly budget planning and prepare monthly reports on its basis. They also control and maintain nominal ledgers, carry out and check payments and other financial issues. Besides these, they have to investigate any suspicious account activity, maintain and record financial files and have to ensure complete financial security. INR 7,50,000 
Financial Analyst Their main responsibility is to record cash, cheques and credit card transactions. Post revenues by verifying and filing transactions from local deposits. They have to update all receivables by figuring out all unpaid invoices and maintain records through microfilming invoices, debits and credits.  INR 3,55,717 
Corporate Finance They are actually working for large investment banks or any corporate advisory firms to facilitate mergers and acquisitions of other companies. INR 9,56,578 
Corporate Banking Their role is to advise corporate clients regarding mergers, acquisitions, and capital markets and have to prepare lending agreements on their basis. INR 7,82,988 
Credit Risk Management They actually lead the credit risk management group to ensure that the whole credit process, policies and activities fall within the parameters of organizations’ policies and standards. INR 9,92,343 

What is the future Scope After Completing M.Com Finance Course?

Postgraduates who complete the M.Com Finance course will have access to potential job openings and career opportunities. If a student wants to continue their education in the same field, they can choose from the following degree programmes:

  • PhD in Finance and Accounts: After finishing the M.Com Finance programme, students can pursue a PhD in Finance and Accounts. It’s a 2- to 5-year research-based programme that teaches advanced concepts in accounting and finance management.
  • MBA courses are also an option for MCom Finance graduates who want to gain a better understanding of the organisational work structure.
  • Competitive Exams: If the students are willing to pursue a career in the academic field, then they can appear for the UGC-NET exam and apply for lectureships in reputed colleges and universities. 

Preparation Tips for M.Com Finance

Some of the essential course preparation tips for a candidate who wants to pursue an M.Com Finance are:

  • Get to know the Syllabus: The syllabus of the course is one of the essential factors which a student should focus upon as this helps a student to focus during the time of the examination.
  • Make a Plan: Make a course plan that can help the student to plan according to the study of the work which enables them to keep both balanced.
  • Practice Regularly: Practice mantras and medicine-making techniques regularly so that it becomes a learning experience for practical examinations. Solving as many mock tests can help you gain speed and accuracy.
  • Practice Question Papers: Practice solving previous year’s papers to understand what type of questions are asked. It also helps to improve and prepare yourself for the actual exam ahead of time.
  • Connect With Fellow Students: Start connecting with peers and finance experts who can help you with providing an exchange of knowledge that might help you to excel in this course.

Skills That Make You The Best M.Com Finance Graduate

People who are very passionate about Finance and want to take it as a career. M.Com Finance is wide-ranging and deep in subjects as it explores and is sure to catch all business lovers. Some required skills are:

  • Management Skills
  • Critical thinking Skills
  • Presentation Skills
  • Communication Skills
  • Calculating Skills

M.Com Finance FAQs

Q1. What is the duration of the M.Com Finance program? 

Ans. It is a 2-year long full-time postgraduate degree course comprising 4 semesters. 

Q2. What are the subjects taught in the M.Com Finance course? 

Ans. Financial management, financial accounting, business management, costing, statistics, and other topics are often studied in this course of study.

Q3. What is M.Com Finance course eligibility? 

Ans. Students interested in pursuing an M.Com Finance degree must first complete a bachelor’s degree in Commerce with disciplines such as accounting, algebra, and economics. At the graduation level, they must achieve a cumulative grade point average of at least 55 per cent.

Q4. What is the admission procedure applicable for this course? 

Ans. Most M.Com Finance Colleges in India admit qualified candidates based on their performance in the entrance exam, which is followed by an interview with the college admissions committee. Some colleges, on the other hand, allow direct admission to bachelor’s degree programmes based on merit.

Q5. What is the M.Com Finance course fee? 

Ans. The cost of an M.Com Finance course varies per campus. The average course fee is between INR 1,00,000 and INR 4,00,000.

Q6. What are the top M.Com Finance colleges in India? 

Ans. Some of the top-most M.Com Finance Colleges in India are listed below: 
Punjab University, Punjab 
K.P. B Hinduja College of Commerce, Mumbai 
Mata Gujri College, Punjab 
NSS College, Kerala 
Jiwaji University, Gwalior etc. 

Q7. What are the career opportunities available for M.Com Finance postgraduates? 

Ans. After successfully completing this course, postgraduates are hired as Finance Managers, Financial Consultants, Investment Bankers, Quant Specialists, auditors, Financial Analysts, Chief financial officers, Certified Public accountants, and more by top recruiting firms such as Genpact, TATA CONSULTANCY SERVICES LIMITED, Tata Motors, Bharat Sanchar Nigam Limited, WNS Global Services, Wipro Technologies Ltd., National Small Industries Corporation Limited (NSIC), Heavy Engine Industries Corporation Limited (HEIC), Heavy Engine Industries Corporation

Q8. What is the average salary package of such professionals? 

Ans. An M.Com Finance degree holder’s starting pay ranges from INR 4,00,000 to INR 20,00,000 per year.

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