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Master of Commerce (M.Com)

Master of Commerce, M.Com is a postgraduate degree that helps to create a career in the field of finance and corporate sector. The course duration is 2 years. Distance M.Com course provides you complete details about commerce and business-related subjects.

Distance M.Com is one of the best ways to pursue a master\'s degree in commerce background without leaving the job. It offers a plethora of benefits over regular M.Com.

Master of Commerce in distance learning covers accounting, e-commerce, business administration, computer applications, and several other subjects. Students can also pursue an M.Com course via distance education from many reputed colleges and universities. Students must have a 45-50% score of graduation in commerce stream is the minimum eligibility criteria for pursuing an M.Com degree. The entrance exam for the M.Com course is conducted by some colleges/universities. You must be clear this exam to be eligible to join a particular university/college

Table of Contents
M.Com: What is it about?
Admission Process of M.Com
M. Com Eligibility
M.Com: Entrance Exams
Why M.Com Course?
M.Com Specializations

M.Com: What is it about?

Master of Commerce is a 2-year postgraduate degree. It helps you to grow in the corporate and finance sectors. This course covers accounting, e-commerce, business administration, computer applications subjects. It has 4 semesters. M.Com graduates have a large number of job opportunities. Top MNCs are recruiting M.Com graduates to include Dell, Infosys, Capgemini, etc. Moreover, there is no age restriction for M.Com admission.


Course Level Post Graduate
Full-Form Master of Commerce
Duration Of Course 2 years
Type of examination Objective type
Eligibility 45-50% in graduation from a commerce stream
Admission Process Merit-based/ Entrance-based
Course Fee Ranging from 5,000 to 1 Lakh
Average SalarCourse Fee Ranging from 5,000 to 1 Lakh Average Salary Up to INR 5-6 Lakhs per annum
Top Recruiting Companies Accenture, Tech Mahindra Ltd., HDFC Bank, WNS Global services and others
Job Positions Software Engineer, Quality Analyst, Software Tester, etc.

M.Com: Admission Process

Master of Commerce admission takes place in two ways. The first one is the student can wait for their cut-off list released by the institute /university, or applicants can attend the entrance exam.

If you are going to apply for colleges that give merit-based admission, then you need to visit that particular college website and fill the online application form or directly visit the institute to get the application to fill it offline. The complete application process mentioned below.

Visit the particular college website and log in from yourself 

  • First read all instruction given from college
  • Fill up the online application form
  • Upload all the required documents by online
  • Before submitting, the form verifies your details.
  • Finally, submit the application fees.
M. Com Eligibility The minimum eligibility criteria for pursuing an M.Com course:-
  • Students must have a 50% marks in graduation in commerce stream.
  • For applicants who finished their BMS, BFIA, BBE, they must have a minimum of 60% score is eligible for M.Com.

M.Com: Entrance Exams The applicants who are applying for the M.Com can appear for the various number of entrance exams. Let us see a few of them.

BHU PET 2020 : BHU PET is the entrance exam for the M.Com course conducted by Banaras Hindu University. This exam offers admission to various PG and UG courses at Banaras Hindu University. It is conducted in online mode.

Important dates of BHU PET exams

Entrance Test Important Dates
Availability of Application Form January 30, 2020
Last date to submit the application February 29, 2020
Admit Card releasing date April 2020
Examination Date April 26, May 10, 22, 23, 24 26, 27 and 29, 2020
Result Declaration June 15- 20, 2020
Counseling and Final Admissions First Week of July 2020 (Tentative)

Other entrance exams for M.Com are-

  • OUCET
  • PUCET
  • JUEE
  • KIITEE etc.

How to prepare for the entrance exam?

The M.Com entrance exams have 4 sections.

  • English
  • GK (General Knowledge)
  • Logical Reasoning
  • Quantitative Aptitude

Apart from this, some graduation questions are also asked in the exam. The total marks for the entrance exam are 100 marks and after the exam, students have to appear for group discussion and personal interview. If applicants clear all three stages, then the list of finally selected students is released by respective colleges/universities.

If you are preparing for the M.Com entrance exam keep following points in mind:-

  • Create separate notes for each subject and start preparing
  • Keep yourself updated with the current national affairs and general awareness.
  • Mock test paper practice will help you to reach a high score.

Daily studies are the most important activity for these entrance exams. Stay focused.


Why M.Com?

There are several reasons to take this course. Few of the essential reasons include-

  • M.Com graduates can get higher paid jobs in private and government sector organizations.
  • M.Com graduates can do a Ph.D. and research their respective fields of interest.
  • It is one of the best professional Postgraduate degrees.

M.Com Specializations

This course has several specializations related to the commerce sectors. Most important specializations are discussed below-

Accounting

The accounting course focuses more on the accounting sector of the economy. It mainly deals with accounting principles and other finance-related subjects.

Annual Salary: 4 to 20 L/PA

Average Fees: 1 to 4 L

Computer Applications

Computer applications course gives you knowledge about practical as well as theoretical aspects of computer science.

Annual Salary: 3.86 L/PA

Average Fees: 5000 to 1 L

Finance

This specialization deals with finance and budgeting for organizations and other finance-related issues.

Annual Salary: 3 to 4 L/PA

Average Fees: 2 to 2.5 L

Human Resource Management

This specialization deals with human resource behavior in an organization.

Annual Salary: 3.3 L/PA

Average Fees: 25000

Top Colleges for distance M.Com

Sr. No.

Institute Name

Process of Admission

 Fees (Approximately)

Average Package

1.

IGNOU

Merit-Based

INR 13,200

Up to INR 3 Lakhs

2.

Annalmalai University

Merit-Based

INR 6,500

Up to INR 4 Lakhs

3.

Dr. Ambedkar open university

Merit-Based

INR 7,000

Up to INR 3 Lakhs

4.

Andra University

Merit-Based

INR 8,000

Up to INR 4 Lakhs

5.

Panjab University

Merit-Based

INR 32,000

Up to INR 4 Lakhs

The annual course fees for M.Com is INR 5,000 to 1,00,000. Although the course fees will be different from college to college. The M.Com graduate gets the average annual salary range is 4 to 5 lakhs.

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M.Com College comparison

Parameters

Hindu College

Presidency College

Loyola College

Overview

It's one of the prestigious and oldest colleges of Delhi university offering UG and PG courses in all streams.

It is one of the oldest and best universities in the world with the best teaching methodology and education environment.

Loyola college is affiliated to the university of madras.

NIRF- Ranking

2

3

6

Average fee

INR 44,000

INR 1,20,000

INR 20,000

Average Placement package

Up to INR 5 Lakhs

Up to INR 2.5 Lakhs

Up to INR 5 Lakhs

Top companies participate in placement drives

KPMG, Maruti, Jaypee, Deloitte, Google, DE Shaw and others.

Federal Bank. Mind tree, TATA AIG, HDFC Bank, reliance, etc

E&Y, well Fargo, Zoho corps, Wipro, TCS, IBM, Amazon, and others.

Distance M.Com Syllabus

Mandatory Subjects
Accounting and Managerial decisions Business Environment
Computer Applications in Business Corporate Financial Accounting
Corporate Legal Environment Corporate Tax Planning
E-Commerce Economics of Global Trade and Finance
Financial Management Management Concepts and Organization Behaviour
Managerial Economics Marketing Behaviour
Statistical Analysis Strategic Management

Allied Subjects

Allied Subjects
Banking and Finance Entrepreneurial Management
Commercial Bank Management Financial Bank Management
Financial Markets Human Resource Management
International Finance Investment Management
Research Methodology in Commerce

M.Com: Job Prospects and Career Options

Job Profile

Job Description

Average Package

Accounts Assistant

Assisting customers, maintaining ledgers, preparing and distributing checks, and basic bookkeeping work.

INR 2.16 Lakhs

Business Analyst

Their role is to analyze the target market and product, overall profitability of the business. They analyze the problems and look for a suitable solution.

INR 6.1 Lakhs

Investment Banker

The main role is to help their clients to raise money in the capital market by issuing debt or selling their equity in the companies.

INR 9.4 Lakhs

Marketing Manager

They are liable for developing, implementing and executing the marketing plans of the organization.

INR 7.17 Lakhs

Operations Manager

They deal with the hiring procedures, setting up targets, team management and alike.

INR 7.8 Lakhs

Finance Consultant

They 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 Lakhs


Course Comparison (M.Com vs. MBA)

Parameter

M.Com

MBA

Overview

Accounting, commerce, and economics are the main subjects in M.Com.

MBA is a postgraduate degree in business administration. It offers managerial positions.

Appropriateness

M.Com course is best for candidates who wish to make their career in the industry of accounts and commerce.

MBA Course is best for candidates who wish to make their career in creating a new business and management positions.

Focus Area

M.Com course focuses on the conceptual and academic approach

MBA is a white-collar job-related course

Average Fees

Fees of M.Com starts from 5,000-1 Lakh

Fees of MBA starts from 7-12 Lakh

Average Salary

4-5 L/PA

6-7 L/PA