MCom – Master of Commerce
Master of Commerce (MCom) is a 2-year postgraduate degree that focuses on advanced concepts in commerce, finance, accounting, taxation, banking, and business management. It is ideal for students aiming for careers in accounting, finance, teaching, or higher education like PhD and competitive exams like UGC NET, UPSC, or banking services.
MCom: Course Highlights
| Course Name | Master of Commerce (MCom) |
|---|---|
| Duration | 2 Years (4 Semesters) |
| Level | Postgraduate |
| Eligibility | BCom / BBA / BBM or equivalent degree |
| Admission Process | Merit-Based / Entrance Exam |
| Course Fees | INR 15,000 – 1,00,000 (varies by college) |
| Average Salary | INR 3 – 8 LPA |
| Top Job Roles | Accountant, Auditor, Tax Consultant, Banker, Lecturer |
| Top Recruiters | Banks, MNCs, Audit Firms, Govt Depts, Colleges |
Why Choose MCom?
-
Career Readiness: Prepares students for roles in finance, accounts, tax, and business.
-
Teaching & Research: Eligible for UGC NET, assistant professor, and PhD opportunities.
-
Professional Exam Support: Helps in CA, CS, CMA, and banking exam preparation.
-
Higher Pay Potential: Opens doors to high-paying roles in both public and private sectors.
Who Should Pursue MCom?
-
BCom/BBA/BBM graduates looking to deepen their commerce knowledge.
-
Aspirants of academic careers or competitive exams like UGC NET.
-
Professionals aiming to specialize in accounting, taxation, or finance.
Eligibility Criteria
| Requirement | Details |
|---|---|
| Qualification | BCom/BBA/BBM or relevant degree |
| Minimum Marks | 45% – 55% (varies by university) |
| Entrance Exams (if any) | DUET, CUET-PG, PU CET, university-level |
| Age Limit | No upper age limit |
Top Job Roles and Salary
| Job Role | Description | Average Salary (INR p.a.) |
|---|---|---|
| Accountant | Maintain and analyze financial records | 3 – 5 LPA |
| Tax Consultant | Manage taxation, compliance, and advisory services | 4 – 7 LPA |
| Auditor | Examine and verify financial statements | 4 – 6 LPA |
| Banker | Work in retail, corporate, or investment banking | 4 – 8 LPA |
| Financial Analyst | Analyze financial data for decision-making | 5 – 9 LPA |
| Lecturer / Professor | Teach commerce-related subjects | 4 – 7 LPA |
Top Recruiters
-
Banks: SBI, HDFC, ICICI, Axis, RBI
-
Audit Firms: Deloitte, EY, PwC, KPMG
-
Corporates: Tata, Infosys, Wipro, Reliance
-
Government Departments: Income Tax, GST, Customs
-
Academic Institutions: Colleges and Universities
MCom Semester-wise Subjects (Sample)
Semester 1
-
Managerial Economics
-
Advanced Financial Accounting
-
Business Environment
-
Marketing Management
Semester 2
-
Corporate Legal Environment
-
Advanced Cost Accounting
-
Human Resource Management
-
Banking & Insurance
Semester 3
-
International Business
-
Financial Management
-
E-Commerce
-
Elective I (e.g., Income Tax, Investment Analysis)
Semester 4
-
Research Methodology & Project
-
Corporate Tax Planning
-
Elective II (e.g., Strategic Management, Risk Management)
-
Viva Voce
Core Subjects in MCom
-
Accounting & Financial Management
-
Business Laws & Corporate Governance
-
Taxation (Direct & Indirect)
-
Business Economics
-
Banking & Financial Services
-
International Trade & Finance
-
Auditing & Insurance
Higher Education & Certifications after MCom
-
PhD in Commerce / Management
-
UGC-NET / SET – For Assistant Professor eligibility
-
MBA in Finance / HR / Marketing
-
Chartered Accountant (CA)
-
Cost & Management Accountant (CMA)
-
Company Secretary (CS)
-
Financial Modelling, Tally, SAP, GST Certification
FAQs: MCom Course
Q1: Can I pursue MCom without a BCom degree?
Yes, if you have done BBA, BBM, or an equivalent with commerce subjects.
Q2: Is MCom better than MBA?
MCom is better for academic and finance careers; MBA is better for business and managerial roles.
Q3: Is MCom available via distance education?
Yes, universities like IGNOU, Annamalai, and many state universities offer it in distance mode.
Q4: Is MCom good for teaching jobs?
Yes, after clearing UGC NET, MCom postgraduates can work as assistant professors.
Q5: What are the government jobs after MCom?
MCom graduates can appear for UPSC, SSC, Banking, Railways, and other PSU jobs.
