MCom Accounting and Finance is a 2 year PG program in the field of commerce. It is an advanced level of systematic study that is focused on finance and accounting topics.
An interested candidate can apply for this program after the successful completion of B.Com, BBA, or BCA. However, a candidate needs to score the required percentage or grade to seek admission to their desired college.
For admission, there are two types of processes to get enrolled in the MCom Accounting and Finance program, merit/entrance based. Some universities enroll the students based on merit scores, and some of them conduct the entrance exam for enrollment.
Top colleges offering MCom Accounting and Finance are University of Delhi, Aligarh Muslim University, Christ University, Jadavpur University, and many more. The average fee may range between INR 10,000 to INR 2 Lakhs.
After completing MCom Accounting and Finance, graduates can take up roles like accountant, sales analyst, marketing analyst, sales manager, assistant finance accountant, etc. The average salary offered to the freshers ranges between CTC INR 2.5 lacs to 3 lacs. The recruiting companies in this field of work are HCL, ICICI Bank, Bharti Airtel, Amazon, Jio, etc.
Table of Content
2.2 Merit-Based
2.3 Entrance-Based
- MCom Accounting and Finance: Syllabus
- MCom Accounting and Finance: Distance Mode
- Top MCom Accounting and Finance Colleges in India
- MCom Accounting and Finance: Abroad
- MCom Accounting and Finance: Jobs Profile
7.1 Top Recruiters
What is MCom Accounting and Finance?
- MCom Accounting and Finance cover the study of principles of accounting, financial planning, economic theory, trade and its characteristics and policies involved, etc.
- It is a 2 year PG degree program that primarily focuses on the systematic study of the concepts in the specialized subjects and topics related to the fields of Accounting and Finance.
- Some of the topic studies throughout the course are financial planning, economic theory, and knowledge about banking systems and policies.
- Students also study Business and trades in terms of accounting, characteristics of policies and their involvement.
MCom Accounting and Finance Course Highlights
| Course type | Full time |
| Course Duration | 2 years |
| Course Examination Type | Offline or Online (if needed) |
| Course Eligibility | Bachelor's degree |
| Course Admission process | Merit/Entrance based |
| Course Fee | INR 8,000 - 2 lacs |
| Course Average Salary | 2.5 lacs - 3 lacs annually |
| Top Recruiting companies | Amazon, Jio, HCL, Airtel, HDFC Bank, Flipkart, ICICI Bank, etc. |
| Job Position | Accounting Manager, Assistant Manager, Supervisor, Senior Accountant, Investment Analysts, etc. |
Why study M.Com?
MCom Accounting and Finance have a great demand in the field of commerce and marketing. It enhances a person’s ability to handle finance-related tasks and helps to communicate with their peers professionally and ethically. Some of the benefits of pursuing M.Com are given below.
- A person who opts for Master's course in Commerce with Finance and Marketing may pursue higher education like P.hD. or M.Phill after the completion of M.Com.
- After the successful completion of Masters in Commerce, a person can apply for UGC-NET or JRF to build a career in research.
- A person will be able to apply for a higher position in teaching jobs after completing Masters in Commerce.
- A Master's degree in Commerce will prepare the student in the field of finance and accounting and provides a strong and professional background in the finance sector.
- A Master's degree in Commerce will allow an individual to work in a government as well as in a private sector firm.
MCom Accounting and Finance Admission Process 2023
A student must have a graduation degree from a commerce field of study. He/she is required to appear in the entrance test which is usually MCQ-based and secure the maximum cut-off score to get enrolled in their desired university. Thus, each university runs its entrance test schedule. Also, some private institutions run merit-based admission procedures along with entrance exams.
- A student should have passed graduation with a minimum of 50% of marks from a reputed university or college.
- After qualifying for the entrance test conducted by the university, based on merit score, students are invited to apply to the M.Com course.
- A student has to participate in the counseling process of the university before final enrollment.
- A student may apply to a private university based on their merit score of graduation.
- Therefore, a student is admitted to a new academic session after completing the enrollment procedure.
The universities are now open for registration for the new academic year 2023. Hence, students who have completed their bachelor’s or are awaiting the results of their bachelor’s course are eligible to appear for the M.Com entrance exam.
MCom Accounting and Finance Eligibility
- A student has to pass the graduation exam with a minimum of 50% of marks.
- A student has to pass the graduation course from a central/state/private/deemed-to-be university.
- A student must have completed their graduation course in B.Com, BCA, BBA, B.Com(Hons.), or B.Com (Economics).
- Students who belong to the reserved category have been given some relaxation in the eligibility criteria.
MCom Accounting and Finance Entrance Exam
| Exam Name | Application Period | Exam Date |
|---|---|---|
| CUET PG | Mid March 2023 - 3rd week of March 2023 | June 1 – 10, 2023 |
MCom Accounting and Finance: Distance Education
- MCom Accounting and Finance in distance education mode has been offered to the students and it is highly recognized.
- Such a mode of study has proved to be profitable and productive for the students also.
- Most importantly, a candidate should double-check the university providing the distance education study, that it should be UGC approved or accredited by the Distance Education Board.
Admission Process for M.Com Distance Education 2023
- A candidate should pass the 10+2+3 exams from a recognized college or university.
- A candidate should pass their graduation with a minimum of 50% marks.
- A candidate has to fill the application form of a university of their choice and attach the soft copy of the documents asked.
- Admission is being done mostly based on the merit score of graduation.
- For offline admission, the candidate has to fill up the application form and attach the photocopy of the mark sheets, identity proof, degree certificate, and passport size photo.
MCom Accounting and Finance Distance Education Institutes
| University | Average Fees |
|---|---|
| Allahabad University Distance Education | INR 18,000 |
| IGNOU | INR 11,000 |
| SRM University (Distance Education) | INR 16,000 |
| SOL Delhi University | INR 10,000 |
| Karnataka State Open University | INR 13,500 |
| IDOL Mumbai University | INR 12,000 |
| Chandigarh University Distance Education | INR 22,900 |
MCom Accounting and Finance Syllabus
| First Year | Second Year |
|---|---|
| Indirect Taxation | Management Accounting |
| Insurance and risk management | Managerial Finance |
| International Financial Management | Modern Banking |
| Business Environment | E-Commerce |
| Computer Applications in Business | Economics of Global Trade and Finance |
| Corporate Legal Environment | Corporate Financial Accounting |
MCom Accounting and Finance: Top Colleges
| College Name | Average Fees |
|---|---|
| Motilal Nehru College, New Delhi | INR 8,636 |
| University of Delhi, Delhi | INR 5,140 |
| Hindu College, New Delhi | INR 18,310 |
| Atma Ram Sanatan Dharam College, New Delhi | INR 11,771 |
| J.D. Birla Institute, Kolkata | INR 62,600 |
| The University of Calcutta, Kolkata | INR 2,314 |
| University of Allahabad, Prayagraj | INR 3,500 |
| Amity University, Noida | INR 62,600 |
| Bharati Vidyapeeth Deemed University, Pune | INR 11,500 |
| YashwantRao Mohite College, Pune | INR 11,500 |
MCom Accounting and Finance: Top Colleges Abroad
| College Name | Fees |
|---|---|
| AUT University, Auckland | INR 23,49,800 |
| University of Auckland, Auckland | INR 20,79,400 |
| Victoria University of Wellington, Wellington | INR 18,62,000 |
| University of Michigan, USA | INR 38,28,600 |
| University of Idaho, USA | INR 17,85,900 |
| University of California, California | INR 43,15,300 |
| Western University, Canada | INR 9,72,100 |
| York University, Toronto | INR 41,39,900 |
| University of Toronto, Toronto | INR 27,10,500 |
| University of Sydney, Australia | INR 21,29,400 |
MCom Accounting and Finance: Job Profile
| Job Profile | Job Description | Average Salary |
|---|---|---|
| Account Assistant | This includes maintaining ledgers, assisting customers, preparing and distributing checks, and basic bookkeeping work. | INR 2.20 lacs |
| Cost Accountant | They usually perform routine analyses to help determine the type of operations and materials that are most cost-effective for the office or their organization. | INR 5.16 lacs |
| Business Consultant | Their role is to analyze the market, product lines, and the overall profitability of the business. | INR 9.86 lacs |
| Investment Banker | They help their clients to raise money in the capital market by issuing debt or selling their equity in the companies. | INR 9.4 lacs |
| Marketing Manager | They are responsible for developing, implementing, and executing the marketing plans of the organization. | INR 7.17 lacs |
| Operations Manager | They deal with the hiring procedures, setting up of targets, team management, and alike. | INR 7.8 lacs |
| 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 lacs |
| Stock Broker | Stock Brokers usually deals with stocks and performs financial services for the company | INR 3.50 lacs |
| Assistant Professor | They are usually employed in institutes and colleges and teach the younger generations everything about commerce and conduct research at the same time. | As per Govt. Standards |
MCom Accounting and Finance: Recruiters
| HDFC Bank | Maruti Suzuki |
| Tata AIG | Jaypee Cement Industries |
| Reliance Jio | Wipro |
| Amazon | Punjab National Bank |
| ICICI Bank | Deloitte |
MCom Accounting and Finance: Future Scope
- Graduates can further pursue a higher level of education like MBA, CA, CFA, etc., and research field. They can also apply for the UGC-NET/JRF for pursuing a PhD in the field of commerce and accounts.
- After completing MCom Accounting and Finance, a candidate has better job prospects and lands in the job profile like assistant accounts manager, accounts analyst, finance consultant, marketing analyst, cost accountant, bank manager PA, etc.
MCom Accounting and Finance: FAQs
Ques. Can a student pursue the management course after M.Com?
Ans. Yes, a candidate can pursue a higher level of management courses after completing M.Com. Some of the courses are the Executive Fellow Program in Management, MBA, PGDM, and PGPM.
Ques. What are the subjects studied in M.Com?
Ans. Following are the subjects studied in the course of M.Com -
- Organizational Behaviour
- Human Resource Management
- Managerial Economics
- International Business
- Micro Economics & Macro Economics
- Statistics
- Operational Research
- Accounting Theory
- Business Ethics and Corporate Governance
- Marketing Management
Ques. Is it necessary to clear the entrance exam for M.Com?
Ans. No, it is not necessary to appear in the entrance exam, as many colleges are taking admissions based on merit marks scored in graduation.
Ques. What is the average salary after M.Com?
Ans. The average salary of a fresher candidate will be approximately between 2.5 lacs to 3.5 lacs.
Ques. Is it true that the entrance exams are postponed due to Covid-19?
Ans. Yes, indeed, all the entrance exams scheduled in April, May, and June are postponed in the country. Amidst the spread of the virus, the universities and central government have postponed all the exams till further notice.
Ques. What is the teaching technique in MCom?
Ans. Teachers held regular base theory classes in the college. Also, students are advised to take up a compulsory 1 month of internship from a reputed company. Moreover, regular lectures from industrialists and businessmen are being organized for the industry exposure of the students.
Ques. Is pursuing M.Com a good career choice?
Ans. Yes, it is one of the most popular courses pursued by the students of commerce and management. It provides a base in the field of commerce, accounting, and marketing. It further helps a candidate to find a reputed job with a good source of income.
Ques. Which is better, M.Com or MBA?
Ans. Both the courses provide a wide source of opportunities. If compared, an MBA has a better approach and growth if a person pursues the job. And, M.Com mainly gives a better base if a person plans for higher education or research work.
Ques. How is MBA different from M.Com?
Ans. Simply, the MBA course of MBA is a professional course that serves as a basis of practical knowledge in the field of marketing, finance, and sales. Whereas, M.Com is a study of theoretical applications in the field of commerce.
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