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.
- 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 |
