M.Com. or Master of Commerce is a postgraduate academic degree which is awarded after successful completion of a two years program. The Master degree course covers the study of principles of accounting, economic theory, micro and macroeconomics, money and banking systems, knowledge about business, trade and its characteristics and policies involved, etc. In the final year, the students opt for specialized study in any one fields of Commerce such as Statistics, Taxation, Marketing, Accounting & Finance, Banking, Insurance, etc. Simply, M.Com. is a postgraduate degree program that focuses on the systematic study of the concepts of Accountancy, Business Studies, Statistics, Economics, Mathematics, Finance, Banking, Law, Taxation, Marketing, Management Studies, etc. Therefore, study of M.Com. Degree gives an insight of commerce, management and economics as a whole.
Master of Commerce Eligibility
The basic eligibility criterion for pursuing M.Com. Degree is having graduation degree in Commerce stream.
However, as an alternative criterion, many universities accept graduation degree with Honours in Economics or Business/Management Studies for admission to their M.Com degree course.
Some of the very reputed universities and institutes demand a minimum of 45-50% marks in graduation as qualifying criteria to secure admission in this course and some also conduct entrance examination to get admission to their M.Com. Degree course. Selection to the degree course in these colleges is based on marks secured in the final merit i.e. total marks aggregated in the final exams of graduation and the entrance exam.
Master of Commerce Syllabus
The following are study related subjects:-
Subjects of Study
Accounting for Managerial Decisions
Computer Applications in Business
Corporate Financial Accounting
Corporate Legal Environment
Corporate Tax Planning
Economics of Global Trade and Finance
Management Concepts and Organization Behaviour
Banking & Finance
Commercial Bank Management
Financial Bank Management
Human Resource Management
Research Methodology in Commerce
Further, a student has to select one optional group out of:
Optional Group: 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
Optional Group: Marketing
Advertising and Sales Management
Consumer Behaviour and Marketing Research
Optional Group: International Marketing
Foreign Trade Policy, Procedures and Documentation
Those who want to have further higher studies and research in the field of Statistics and want to take up the job of teacher / lecturer in several universities and colleges after clearing exams like UGC-NET/JRF are good suit for it.
Candidates willing to study for Chartered Accountancy and Company Secretary-ship also are good match for it.
Those who want to go for further research work in the degree like M.Phil. and Ph.D. also are suitable for it.
How is Master of Commerce Course Beneficial?
M.Com degree serves as a basis for further higher studies and research in this field such as Ph.D. and M.Phil. Degree in Commerce.
M.Com degree holders can opt for further higher studies and career in various specializations of Commerce such as in Statistics, Taxation, Accounting & Finance, Banking, Insurance and many more.
Commerce post graduates can take up research work in various fields of India’s national security problems including the international relations, geostrategic, geopolitical, socio-economic, tactical aspects of war, etc.
A Master's Degree in Commerce prepares a post graduate for a wide variety of careers dealing with the flow of money, from accountant to investment banker, money manager to personal finance consultant.
Law schools are a very common destination now-a-days for recent post graduates in Commerce.
On successful completion of Master’s degree in Commerce, a student can apply for the UGC-NET or JRF exam; the success in these exams makes teaching or research as good options.
Master of Commerce Employment Areas
Various Corporate Sectors in their Marketing and Accounts Sections
Finance, Commerce and the Banking Sectors
Research Associates with Economic Consulting Firms