Master of Commerce (M.Com)
Details of Master of Commerce (M.Com)
M.Com is a master’s degree in commerce. it is a two-year postgraduate programme for those interested in jobs in accounting, banking, investing, financial services, investment, economics, and marketing.
M.Com courses are recommended for candidates who desire to pursue various leadership roles in multiple businesses. Working professionals with a bachelor’s degree in commerce can take this course online to improve their job prospects. The M.Com programme is ideal for those interested in pursuing a career as a financial manager. Candidates dissatisfied with their Bachelor’s degree in a specific field might pick an M.Com Specialization based on their interests.
M.Com is one of India’s most widely studied courses in India, allowing students to work in practically every area of the economy. It is a postgraduate programme designed for applicants who want to work in the banking, financial services, insurance (BFSI) industries, and accounting and commerce. The two-year course digs further into the economy’s functioning, capital, revenue, commerce, taxes, and other topics covered in B.Com.
This programme provides students with a high-quality education that meets the needs of business and industry’s managerial cadre. In the discipline of business studies, it also serves as a research and teaching tool. The course enhances analytical skills, logical reasoning, business management skills, mathematical and statistical knowledge, communication skills, teaching and research skills, and business management skills.
Eligibility Criteria for Master of Commerce (M.Com)
- In BCom or BCom Hons or equivalent exams from a recognised university, students must have a minimum 50% score.
- Candidates with a Bachelor’s degree in Economics and Statistics, BFIA, BBS, or BBE from a recognised university with a minimum score of 60% or similar are also considered by some colleges.
- Reserved category students are eligible for up to a 5% mark relaxation at government universities.
- For entrance to the MCom programme, there is no maximum age limit.
Benefits of Master of Commerce (M.Com)
The M.Com courses are in high demand because of the financial advantages they bring to students. M.Com courses are offered in various formats, and the extensive specialisation allows candidates to carve out a speciality in various industries. After completing the course, a candidate will be eligible for the following benefits:
- In the future, the M.Com course will boost work chances.
- In the next 8-10 years, the Banking and Financial Service Industry (BFSI) employs M.Com graduates.
- The M.Com curriculum is designed to provide applicants with the necessary abilities to manage finances, establish a business, and devise methods to help them navigate challenging situations.
- The variety of specialisations enhances work prospects.
- It enables candidates to form networks with their classmates and seniors, professors, and alumni. The fundamental goal of networking is to establish references for future employment.
- Candidates with an MCom degree can 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.
Future Scopes of Master of Commerce (M.Com)
- The majority of MCom students pursue further professional degrees such as Chartered Accountant (CA), Company Secretary, or Chartered Financial Analyst (CFA).
- The MCom course is a prerequisite for subsequent PhD programmes and serves as a preparation course.
- Most students prepare for CA (Chartered Accountancy), CMA (Certified Management Accountant), and other prestigious national and international financial and accounting certification courses.
Career, Salary Package and Job Opportunities after Master of Commerce (M.Com)
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 the public and private sectors, as long as they are not limited to careers in accounting, finance, or banking.