M.Com: Course Details, Admission, Fees, Eligibility Criteria
Latest Updates for M.Com
- 21 December 2024 :
CA Final 2024 result for the November session will be released on Dec 26, 2024.
- 20 December 2024 :
ICSI CSEET 2025 registration for May session is in progress. The last date to register is Apr 15, 2025.
- 20 December 2024 :
ICSI CSEET 2025 exam for January session will be commenced on Jan 11, 2025.
- 20 December 2024 :
ICSI CSEET 2025 Admit Card for January session is expected by January 2025.
The M.Com course is a two-year postgraduate degree programme that deals with a detailed study of subjects, including accounting, commerce, economics and the advancement of finance-related matters. The course goal is to train individuals for effective management in finance and commerce. The graduates can find work as Mutual Fund Brokers, Finance Bookkeepers, Budget Analysts, or Business Consultants.
Table of Contents
- About MCom Course
- Why Choose M.Com?
- MCom Eligibility Criteria
- MCom Admission 2024
- MCom Entrance exam
- M.Com Fees Structure
- Types of MCom Courses
- MCom Specialisations
- Top MCom Colleges in India
- M.Com College Comparison
- MCom Subjects and Syllabus
- MCom Course Comparison
- Courses After M.Com
- Career Options After Master of Commerce
- Salary of an M.Com Graduate
- M.Com Scholarships
- Skills Required For MCom Graduates
M.Com Course Details
| Degree | Masters |
| Full Form | Master of Commerce |
| Duration | 2 Years |
| Age | The minimum age limit is 20-21 years. |
| Minimum Percentage | A minimum of 50% in bachelor's degree from a recognized institution. |
| Average Fees | ₹5K - 2 LPA |
| Similar Options of Study | M.Phil (Commerce), MBA, CA |
| Average Salary | INR 4 - 10 LPA |
| Employment Roles | Accountant, Finance Manager, Cost Accountant, Accounting Manager, etc. |
| Top Recruiters | EY (Ernst & Young), Genpact, Accenture, WNS Global Services, HDFC Bank Pvt Ltd, etc. |
About MCom Course
MCom full form stands for Master of Commerce. It is a postgraduate Master’s degree program focusing on Commerce, Accounting, Management, and Economics-related subjects. The MCom course duration is 2 years.
MCom admission 2024 requires candidates to have 50% or above in the bachelor's degree of Commerce from any recognized university. The student must pass the entrance exam such as CUET, BHU PET, etc., with the required cut-off marks. The MCom syllabus covers topics like Economic Analysis, International Business, Corporate Tax Planning, etc.
The MCom degree provides good employment opportunities for students looking for exposure in the field of commerce with various job roles such as Business Analyst, Stock Broker, Finance Bookkeeper, Finance Consultant, etc. The average salary of MCom graduates is in the range of INR 4-10 LPA.
Why Choose M.Com?
MCom program helps students to study subjects related to commerce such as accounting for managerial decisions, computer applications in business, and so on. It is ideal that the candidates check out the worthiness of the M.Com course. The following pointers can help students to understand the M.Com benefits.
- MCom itself is a diverse field and there are a plethora of opportunities swimming around with the ever-advancing technology being implemented.
- M.Com course includes subjects such as Organizational Behavior, Organizational Management, and Management Principles, which allow the candidates to compete with MBA graduates.
- According to the Bureau of Labor Statistics, it is anticipated that the number of accountants and auditors will increase by 6% from 2021 to 2031.
- Graduates can work both in the public and private sectors which include banking, stock market, financial services department, government agencies, software development companies, and consultancy services.
- Internship opportunities in major companies such as Infosys and Dell will add a lot of weight in terms of experience to the resumes of MCom professionals.
- Prestigious banks like Standard Chartered Bank, Yes Bank, and Manchester Bank are some of the major recruiting and employment partners for professionals.
- Graduates can be part of the finance sector as Finance consultants, Bookkeepers, Business Analysts, Stockbrokers, etc.
Read More: M.Com Job Opportunities and Scope
Who Should Pursue a Master of Commerce Course?
Below mentioned are points regarding who should pursue an MCom course:
- Candidates who want to pursue a career in Commerce stream should pursue the M.Com course.
- Candidates who wish to pursue a career in Banking Financial Service and the Insurance sector should pursue the M.Com course.
- Working professionals who have graduate certificates in commerce can pursue this course in distance mode to improve their job prospects.
- Candidates who wish to pursue a career as an Auditor can take up the M.Com course after completing their graduate program.
MCom Eligibility Criteria
The MCom qualification in India differs according to the university. For admission, the aspirants are required to meet the eligibility criteria. The basic eligibility criteria for the course are listed below:
- Aspirants wanting to pursue an M.Com course should have an average of 50% or above in their bachelor's degree from any recognized university.
- The relaxation of 5% marks is given to SC/ST/OBC students.
- Candidates need to clear entrance exam cut off such as CUET, BHU PET, etc.
- The minimum age limit to enroll in the course is 20-21 years.
MCom Admission 2024
For M.Com registration, the candidates must meet the eligibility criteria set by the universities which may vary when applying for the course. Mentioned below are the general guidelines for admission to the course:
- Step 1: The aspirants can apply online or offline to the universities offering MCom courses in India.
- Step 2: The students must clear the entrance exam cut-off as required by the respective colleges.
- Step 3: Students may have to appear for GD/PI sessions before final selection.
- Step 4: After the publication of the merit list, students must provide the required documents for the document verification process.
MCom Entrance exam
There are various entrance exams conducted at national, state, and institute levels for MCom course. Here is a list of some of the popular entrance exams along with the application form details:
|
M.Com Entrance Exam |
Registration Details |
| PU CET |
Application Form |
|
JMI EE |
Application Form |
|
Application Form |
|
| BHU PET |
Application Form |
|
Application Form |
|
|
Application Form |
M.Com Fees Structure
The MCom fees in India range between INR 5,000-2 LPA on average. The course fees can differ for different colleges and universities around the country based on the infrastructure and faculty they provide.
Below is the list of some of the top colleges and information regarding fee structure:
|
SI.NO |
Name of College |
Tuition Fees |
MCom Admission Fees |
Miscellaneous Fees |
|
1. |
INR 20,000 |
INR 2,000 |
INR 8,000 |
|
|
2. |
INR 12,000 |
INR 1,500 |
INR 5,000 |
|
|
3. |
INR 15,000 |
INR 2,000 |
INR 8,000 |
|
|
4. |
INR 50,000 |
INR 5,000 |
INR 20,000 |
Types of MCom Courses
The course has full-time, part-time, and distance learning options available to students. The following MCom course details are provided below:
|
Type |
Basic Eligibility |
MCom Duration |
|
MCom Full Time |
Should have completed bachelor's degree with a minimum of 50% + Entrance Exams |
2 Years |
|
MCom Part-Time |
Should have completed bachelor's degree with a minimum of 50% |
2 Years |
|
Distance MCom |
Should have completed bachelor's degree with a minimum of 50% |
2-5 Years |
M.Com Distance Education
MCom distance education is one of the most lucrative courses that are available to aspirants who are unable to pursue the degree in regular mode. Given below are some of the popular pointers regarding the distance M Com course:
- The candidates before pursuing the distance education course should see that the courses are validated by the Distance Education Board and UGC.
- The courses are offered by IGNOU, Annamalai University, Karnataka State Open University, and many more.
- The average course fee ranges between INR 5000 to 38,000 PA.
- The average M Com duration of the course is 2-5 years.
Integrated MCom Course Details
Integrated MCom can be pursued by students after 10+2 (high school degree) completion. The integrated M.Com course duration is five years. The course can be pursued in a combination of BCom+MCom from colleges like Gauhati University, Guru Nanak Dev University, etc.
IGNOU MCom
Given below are some of the popular pointers regarding the M.Com course from IGNOU:
- The duration of the course is 2 to 5 years
- The average course fee is INR 11,000 PA.
- There is no upper age limit for pursuing M.Com from IGNOU.
- The course offers regular teleconferencing for regular guidance.
M.Com From Annamalai University
Given below are some of the popular pointers regarding the MCom course details from Annamalai University:
- The course is recognized by the UGC and it can be used as a valid certificate for government or private employment.
- Admission is provided for different specializations such as Finance and accounting, marketing Management, etc.
- The admissions are done based on a merit list.
- The average course fee is INR 7,000 PA.
M.Com from LPU Distance Education
Given below are some of the popular pointers regarding the M.Com course from LPU Distance Education:
- The minimum duration varies from 2 to 5 years.
- The candidates should pass B.Com, BBA, BSc (Economics), BA (Commerce), or any other graduation with mathematics or economics as one of the subjects.
- The course fee is INR 44,000 PA.
- The admission is done based on a merit list.
M.Com Distance Education Top Colleges
Some of the top MCom distance education universities/colleges are:
|
Name |
Average Fees |
|
INR 11,000 PA |
|
|
INR 16,000 PA |
|
|
INR 12,000 PA |
|
|
INR 10,000 PA |
|
|
INR 44,000 PA |
|
|
INR 5,000 PA |
|
|
INR 7,000 PA |
|
|
INR 13,500 PA |
MCom Specialisations
Students can pursue MCom specialization based on their interests and previous academic stream. The course list of different specializations has been given below.
- M.Com Finance
- M.Com Computer Application
- M.Com Business Management
- M.Com Accounting and Finance
- M.Com Taxation
- M.Com Marketing
- M.Com Banking and Finance
- M.Com Business Administration
- M.Com Financial Management
- M.Com E-Commerce
- M.Com Finance and Control
- M.Com Statistics
- M.Com Accountancy
- M.Com Economics
- M.Com Banking
Top MCom Colleges in India
MCom's scope in India is vast as the demand for graduates who wish to pursue a career in finance, accounting, or business has increased. The MCom courses are offered by various prominent colleges in India and the candidate can get admission based on merit or entrance exam scores.
Top MCom Government Colleges in India
The average MCom fees in government colleges range between INR 5,000-50,000 PA. The top government colleges in India offering an M Com course are shown in the table below:
|
Sl.No |
College Name |
Average Fees |
|
1 |
Delhi University | INR 8,000 PA |
|
2 |
Mumbai University | INR 6,025 PA |
|
3 |
Kalinga University | INR 25,000 PA |
|
4 |
University of Mysore | INR 9,680 PA |
|
5 |
Sydenham College of Commerce and Economics | INR 6,265 PA |
Top MCom Private Colleges in India
There are various private colleges for MCom degree in India providing good learning exposure in terms of research projects, internships, site visits, etc. Below is a list of private MCom colleges in India:
|
Sl.No |
College Name |
Average Fees |
|
1 |
Parul University |
INR 40,000 PA |
|
2 |
Arunachal University of Studies |
INR 35,000 PA |
|
3 |
Sister Nivedita University | INR 1.53 LPA |
|
4 |
St Josephs College | INR 39,250 PA |
|
5 |
Jain University | INR 62,500 PA |
Top Master of Commerce Colleges by City
|
MCom Colleges in Mumbai |
MCom Colleges in Ahmedabad |
|
MCom Colleges in Pune |
MCom Colleges in Chennai |
|
MCom Colleges in Indore |
MCom Colleges in Surat |
|
MCom Colleges in Jaipur |
MCom Colleges in Bangalore |
|
MCom Colleges in Kolkata |
MCom Colleges in Lucknow |
|
MCom Colleges in Coimbatore |
MCom Colleges in Kottayam |
Top MCom Colleges by State
|
MCom Colleges in Hyderabad |
MCom Colleges in Gujarat |
|
MCom Colleges in Delhi |
MCom Colleges in Kerala |
|
MCom Colleges in Karnataka |
MCom Colleges in Tamil Nadu |
|
MCom Colleges in Rajasthan |
MCom Colleges in Uttar Pradesh |
|
MCom Colleges in Chandigarh |
MCom Colleges in Punjab |
|
MCom Colleges in Maharashtra |
MCom Colleges in Bihar |
Highest MCom Placements in India
Listed below are the top colleges with the highest MCom placements.
| Names | Top Recruiters | Placement Package |
| SRCC, New Delhi | Wipro, Samsung, KPMG, EY, etc | INR 15 LPA |
| Christ University, Bangalore | Deloitte, EY, KPMG, TCS, etc | INR 13 LPA |
| Hansraj College, New Delhi | Capgemini, P&G, OYO, KPMG etc | INR 31 LPA |
| NMIMS, Mumbai | Reliance, Citi Bank, Infosys, Deloitte, etc | INR 8 LPA |
| Loyola College, Chennai | IBM, Dell, TATA Motors, Flipkart etc | INR 5.5 LPA |
MCom Mumbai University
Listed below are some of the most common pointers for the MCom Mumbai University:
- The University's Faculty of Commerce and other affiliated colleges offer two-year MCom degree.
- Candidates need to have a minimum of 50% in BCom.
- MCom Admission is available for various specializations, including E-Commerce, Advanced Accounting & Auditing, Financial Markets, Agribusiness Management, Accountancy, E-Commerce, Business Management, Banking, Finance, etc.
- The admissions are done based on an M Com entrance exam.
- The average MCom course fee is INR 10,000 - INR 1 lakh.
| M Com Eligibility | 50% in Bachelor's Degree with Commerce |
| MCom Course Duration | 2 years |
| M Com specialization | E-Commerce, Advanced Accounting & Auditing, Financial Markets, Agribusiness Management, Accountancy, E-Commerce, Business Management, Banking, and Finance |
| Average MCom Fees | INR 10,000 - INR 1 lakh |
Calcutta University MCom
Some of the most common pointers for the Calcutta University MCom are listed below: Calcutta University also provides full-time and part-time MCom courses.
- The MCom course duration at Calcutta University is two years.
- M Com Admission at Calcutta University is based on academic achievement.
- There are 420 total seats for the Master of Commerce course at Calcutta University.
- The average MCom course fee at Calcutta University is INR 2,400.
| M Com Eligibility | 50% in Bachelor's Degree with Commerce |
| MCom Course Duration | 2 years |
| Average M Com Fees | INR 2,400 |
M.Com College Comparison
The table below shows a significant comparison of some of the best colleges considered for the M.Com course:
| Parameters | Hindu College, New Delhi | Presidency College, Chennai | Loyola College, Chennai |
| NIRF- Ranking | 2 | 3 | 6 |
| Average Fee | INR 44,000 | INR 1,700 PA | INR 20,000 PA |
| Average Placement Package | INR 5 LPA | INR 3.5 LPA | INR 5 LPA |
| ROI Rank | 3 | 1 | 2 |
| Top companies participate in placement drives | KPMG, DE Shaw, Maruti, Jaypee, Deloitte, and Google. | HDFC Bank, TATA AIG, Federal Bank. Mind tree, reliance, etc. | E&Y, Zoho Corps, well Fargo, Wipro, TCS, IBM, Amazon, and others. |
MCom Subjects and Syllabus
Master of Commerce course in India aims at making students familiar with commerce, accounting, finance, and banking. Below mentioned is the M.Com subjects list:
- Banking Practise
- Cost and Account Management
- Financial Accounting
- Business Accounting
- Taxation
- Business Management
- Marketing of Financial Service
- Banking Law and Theory
- Entrepreneurship
Read More: M.Com Syllabus and Subjects
MCom Course Comparison
The MCom course offers diverse career options to students in terms of employment roles and higher education options. There are also other courses that offer the same career prospects to students such as:
M.Com vs MBA
M.Com (Master of Commerce) and MBA (Master of Business Administration) are two separate courses that have their own benefits. It depends on your qualification background and area of interest to select one of these courses.
Some of the key differences between these courses are mentioned below:
| Parameters | MCom | MBA |
| Full-Form | Master of Commerce | Master of Business Administration |
| Course Duration | 2 Years | 2 Years |
| Eligibility | 50% in Bachelor's Degree with Commerce | 50% in Bachelor's Degree |
| Average Fees | INR 5,000-2 LPA | INR 3-15 LPA |
| Entrance Exam | BHU PET, PU CET, AU CET | CAT, MAT, XAT |
| Top Colleges | SRCC, Hindu College, Loyola College | IIMs, XMRI, FMS |
Read More: MBA
M.Com vs LLB
Some of the key differences between M.Com and LLB are mentioned below:
| Parameters | MCom | LLB |
| Full-Form | Master of Commerce | Bachelor of Laws |
| Course Duration | 2 Years | 2 Years |
| Eligibility | 50% in Bachelor's Degree with Commerce | 45% in Bachelors Degree |
| Average Fees | INR 5,000-2 LPA | INR 10,000 - 3.5 LPA |
| Entrance Exam | BHU PET, PU CET, AU CET | CLAT, LSAT, CUET |
| Top Colleges | SRCC, Hindu College, Loyola College | NLSIU, NLU, Nalsar University of Law |
Read More: LLB
MA Economics vs M.Com
The key differences between M.Com and MA Economics are mentioned below:
| Parameters | M.Com | MA Economics |
| Full-Form | Master of Commerce | Master of Arts in Economics |
| Course Duration | 2 Years | 2 Years |
| Eligibility | 50% in Bachelor's Degree with Commerce | 50% in Bachelor's Degree |
| Average Fees | INR 5,000-2 LPA | INR 50,000 - 2 LPA |
| Entrance Exam | BHU PET, PU CET, AU CET | BHU PET, JNUEE |
| Top Colleges | SRCC, Hindu College, Loyola College | JNU, SXC, Presidency College Kolkata |
Read More: MA Economics
M.Com vs CA
Some of the key differences between M.Com and CA are mentioned below:
| Parameters | M.Com | CA |
| Full-Form | Master of Commerce | Chartered Accountancy |
| Course Duration | 2 Years | 5 Years |
| Eligibility | 50% in Bachelor's Degree with Commerce | 55% aggregate in 10+2 examination |
| Average Fees | INR 5,000-2 LPA | INR 2-2.5 Laks. |
| Entrance Exam | BHU PET, PU CET, AU CET |
CA Foundation, CA Intermediate, CA Final Exam |
| Top Colleges | SRCC, Hindu College, Loyola College | ICAI, Academy of Commerce, CHAMPS |
Read More: CA
Courses After M.Com
After graduating from the course, the aspirant can choose to pursue higher courses in Commerce. The aim of the program is to develop scholars into researchers who can make substantial contributions to the field of commerce and finance. Here is the list of Higher Education after post-graduation:
Career Options After Master of Commerce
There are a plethora of career options for an M.Com graduate. India has multi-national companies which hire M.Com graduates for various positions. Here is the list of some of the top recruits:
- Cognizant
- HCL Technologies
- IndusInd Bank
- Wipro
- Microsoft
- SBI
Salary of an M.Com Graduate
The average M.Com salary in India is in the range of INR 4-10 LPA for freshers. The salaries and annual earnings depend on the specific kind of practice and performance, expertise, and other related aspects.
Read More: M.Com Salary
M.Com Scholarships
The Indian government offers several scholarships to economically disadvantaged, minority, and physically challenged students who wish to pursue a Master of commerce degree. There are many private and public scholarships available to qualified applicants for an M Com degree.
The several MCom Scholarships are listed below:
- Reliance Foundation Scholarships
- Vijaybhoomi University Scholarships and Financial Aid
- Lakshadweep Scholarship Scheme
- Swami Vivekananda Scholarship
- Nagaland State Research Scholarship
- Nagaland State Merit Scholarship
- Post Matric ST Scholarship, Nagaland
Skills Required For MCom Graduates
An aspirant wishing to pursue M.Com must have the necessary skills to develop in the course. The course is a theory-based course where knowledge skills are required. Here is a list of a few skills an applicant should have:
- Logical Reasoning
- Mathematical Ability
- Communication Skills
- Leadership Skill
Top M.Com [Master of Commerce] Colleges
Top Commerce Entrance Exams
Exam Date: Dec 13, 2021
Exam Date: Feb 19, 2024
Exam Date: May 02, 2023
Exam Date: May 31, 2023
M.Com Fee Structure
FAQs on M.Com
Q: What is the salary of MCom graduate in India?
A: The average salary of M.Com graduates in India is between INR 4-10 LPA.
Q: What job opportunities are available after M.Com?
A: The M.Com degree provides several employment options such as marketing analyst, cost accountant, finance manager, etc. in the both private and public sectors.
Q: What is M.Com course fees?
A: The average M.Com course fee is in the range of INR 20,000 - 3 LPA.
Q: Which colleges are best for M.Com course in India?
A: The best colleges in India offering M.Com course are Hansraj College, SRCC, Christ University, etc.
Q: What are the best M.Com specialization to pursue?
A: The top M.Com specializations are in finance, marketing, computer application, business management, etc.
Q: Which is better MCom or MBA?
A: MBA covers a wider range of business disciplines including marketing, management, and strategy, and MCom primarily focuses on accounting and finance. The choice between two courses depends on students' goals and interests.
Q: Can I study MCom course after the 12th?
A: No, MCom is a Postgraduate degree that can be pursued after completion of a BCom degree.
Q: What is MCom full form?
A: MCom full form is Master of Commerce.
