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Master of Commerce

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@Krish Shah

Published on Feb. 4th 2020

Master of Commerce

Introduction

Commerce is one of the crucial parts to run a country. Without Commerce, a country looks like fish without water as both cannot survive. A company's requirement also includes employees from Commerce background, and in some cases, they require employees to possess a degree of higher studies. In this case, M.Com plays a vital role. For those who are unaware of what to do after Bachelors in B.Com can apply for M.Com. M.Com, which is also known as Masters in Commerce, is a 2-year post-graduation course. It focuses on various specialization.

Requirements

There are specific requirements that should be fulfilled by an applicant to enroll himself/herself for the M.Com course. These requirements are listed below.

An applicant must have a degree of B.Com or B.Com(Honours) or equivalent undergraduate course with at least 50% marks in aggregate through a recognized university.
Applicants pursued courses like Economic(H), BBS, BFIA, and BBE with at least 60% marks in aggregate can apply for the M.Com course.

Syllabus

The syllabus of M.Com has two years of education. Further, it gets divided into four semesters. These subjects, according to their respective semesters, are listed in the table below.

Subject	Topic related to subjects
Organization Theory and Behaviour	Classical, Neo-classical and contemporary Authority, Power, Status, Formal and Informal Structure Bureaucratization of organizations Models, Challenges and Opportunities of Organizational Behaviour
Statistical Analysis	Mathematical Expectation and Probability Probability Distribution Statistical Decision Theory
Economic Analysis	Objectives of Firms related to profit maximization Consumer behaviour and responses
Financial Management and Policy	Financial Management of business such as calculation of risk and providing financial decision Capital Budget decisions like evaluating expenditures.
Managerial Accounting	Nature and features of Managerial Accounting Cost Concepts and Classifications Cost Auditing Variable and Absorption Costing
Business Environment	Basic IS-LM framework Exchange rate regimes and foreign exchange markets for investment Economic Behaviour
Quantitative Techniques for Business Decisions	Introduction to the topic Linear Programming Transportation Integer Programming
Marketing Management	Introduction to marketing Understanding Marketing Understanding the Behaviour of Buyer
Strategic Management	Introduction to strategic management Strategic Analysis Strategic Choice Strategic Implementation
Accounting Theory and Practice	Nature and scope of Accounting Theory Conceptual framing of financial accounting Accounting standards in India.
International Business	Nature and scope of International Business Understanding policies and the market for International Business Reasons and theories for International Business.
Human Resource Management	Concept of Human Resource and its Management Job Analysis Business as well as Human Resource Strategy

An applicant must also select one of the optional subjects displayed in the table below.

Options	Groups	Subjects
A	Accounting and Finance	Accounting for Managerial Decision Advanced Financial Accounting Corporate Financial Accounting Financial Institutions and Markets Project Planning and Control Security Analysis and Portfolio Management
B	Marketing	Advertising and Sales Marketing Consumer Behaviour and Marketing Research
C	International Marketing	Foreign Trade Policy, Procedures, and Documentation International Business Environment International Marketing
D	Statistics	Quantitative Techniques and Research Methodology

Specializations

Students can pursue M.Com in many specialities. Some of these have been provided in the table below.

Specializations
Accounting	Taxation	Corporate Law
Finance	International Business	Industrial Business
Marketing	Entrepreneurship	Operations Management
Human Resource Management	Business Analytics	Management Accounting

Institutes

M.Com is a course provided by most of the Commerce or even some non-commerce institutes. But only a few colleges get a chance of arriving at the top. Some of these colleges are given below.

Institutes	Cities	Annual Average Cost
Amity University	Noida, Uttar Pradesh	₹1,28,000
Bangalore University	Bangalore, Karnataka	₹9,500
Christ University	Bangalore, Karnataka	₹65,000
Hindu College	New Delhi, Delhi	₹16,000
St. Joseph’s College of Commerce	Bangalore, Karnataka	₹77,000
University of Mumbai	Mumbai, Maharashtra	₹6,000
Symbiosis College of Arts and Commerce	Pune, Maharashtra	₹26,000
Hansraj College	New Delhi, Delhi	₹17,000
Central University of Rajasthan	Ajmer, Rajasthan	₹12,200
Stella Maris College	Chennai, Tamil Nadu	₹20,000

Future Prospects

A person holding the M.Com degree can be hired for the following positions.

Job Positions	Description	Annual Average Salary
Accountant	An Accountant is responsible for managing the expenses, gains, losses, and profits and notes them in a journal in the perfect format. According to daily reports, they have to make changes in the books of accountants.	₹2,30,000
Finance Analyst	Analyzing the financial status of a company is the job of a Financial Analyst. He/she analyses the risk of the investments to be made by a company.	₹4,00,000
Operations Manager	Operations Manager is appointed to look upon all the operations taking place in a company. This designation requires to be more attentive as his/her daily reports reach the head or the employer of the company.	₹5,50,000
HR Executive	HR Executive has the task of appointing people according to work and look upon their work daily. He/she also manages visitors, business associates, clients such people in some cases.	₹2,20,000

1 Comment

anandivelar@gmail.com 4 years, 6 months

Kindly connect with me at 7977359302, I’m having query for M.A. in Economics