M.Com. is a postgraduate academic degree in Commerce Department. It is a 2-year Masterâ€™s degree which focuses on Commerce, Accounting, Management and Economics related subjects. In the final year or last semester, the students opt for specialized study in any one fields of Commerce such as Statistics, Taxation, Marketing, Accounting & Finance, Banking, Insurance, etc. It is a specialized course which prepares an individual for a career in finance and corporate sector.
Minimum Educational Qualification Required for M.Com. Admission
For admission to M.Com. Program, students must fulfil the below-mentioned eligibility criteria.
- Bachelorâ€™s degree in Commerce.
- Minimum 50% marks at the level of graduation.
- Certain universities also admit students with a B.A. Economics (Hons.) degree.
- Students who have passed B.B.S., B.B.A., B.F.I.A. and B.B.E. with at least 60% marks can also apply.
M.Com Course Duration
Master of Commerce (M.Com.) is of 2 years duration in which each year is comprised of two semesters with various subjects based on thesis and research work according to the curriculum of university.
M.Com. (Master of Commerce) Specializations:
- Accounting & Finance
- International Business Operations
- Actuarial Studies
M.Com. Admission Process
Admission to the Master of Commerce (M.Com) course is done through an entrance test.. After entrance test, students are shortlisted for Group Discussion and Personal Interview round. Some universities may not conduct Group Discussion. There is no minimum or maximum age limit for MBA course generally.
M.Com Entrance Test Pattern
The eligibility for appearing in the entrance test is a minimum of 45% marks in Bachelorâ€™s degree. The Entrance Test is generally objective type and is of maximum 100 marks. The questions are based on the following topics:
- Logical Reasoning
- Quantitative Aptitude
- English Language
- General Knowledge
There will be no negative marking for wrong answer.
M.Com Career Prospects Or Job Scope
After the completion of the M.Com program, the candidates can go for the professional programs such as MBA. Candidates can subsequently taking up the job of teacher / lecturer in universities and colleges after passing exams like UGC-NET/JRF, a candidate gaining M.Com degree can learn for Chartered Accountancy and Company Secretary-ship also. After completion of M.Com. program, a student can also find employment in both Private and Public Sector. An M.Com. degree holder can look for a career opportunity in public sector in various nationalized banks like State Bank of India, Union Bank etc. Railway Recruitment Board recruits these postgraduates for the post of Assistant Accounts/Audit Officer. In Private Sector too, they can find employment in many roles such as:
- Finance manager
- Operation manager
- Financial analyst
- Assistant finance manager
- Account executive
The salary of M.Com holders is good in government & private sector organizations. As a fresher, you will get a pay approx. Rs. 20,000 to Rs. 30, 000 per month. The salary will be increased on the basis of your promotions, proficiency, experience, etc. Teaching field is also another lucrative career option for the M.Com degree holder. In the teaching field, you will get handsome salary.