M.Com Finance and Taxation

Master of Commerce in Finance and Taxation

M.Com Finance & Taxation or Master of Commerce in Finance & Taxation is a postgraduate Finance course. The Master of Commerce degree program in Finance & Taxation is two years duration program and the course covers the study of principles of finance, financial planning, accountancy, and economic theory along with a specialized focus on Taxation which is termed as a process of imposing financial charge (tax) on the citizens who earn taxable income.

In other words, Master of Commerce in Finance & Taxation is a degree program in which, apart from a general course study in Commerce, the primary focus is on the systematic study of the concepts in the specialized subjects and topics related to the fields of Finance and Taxation and covers all types of taxes including Income tax, Sales Tax, VAT, Service tax, Property tax, etc and Tax laws & regulations.

M.Com Finance & Taxation Eligibility

• Aspiring students should have passed a bachelor of commerce from a recognized university board.
• However, as an alternative criterion, many universities accept graduation degrees with Honours in Accountancy, Economics, or Business/Management Studies for admission to their M.Com (Finance & Taxation) degree course.
• Specifically, Indira Gandhi National Open University (IGNOU) demands that students who are currently pursuing Chartered Accountancy Final Course or those who have already completed Chartered Accountancy are eligible to seek admission to its M.Com (Finance & Taxation) 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 examinations to get admission to their M.Com (Finance & Taxation) 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.

M.Com Finance & Taxation Syllabus

Syllabus of Finance & Taxation course as prescribed by various Universities and Colleges.

M.Com Finance & Taxation Colleges

• IGNOU - Indira Gandhi National Open University, Delhi
• Mar Augusthinose College, Kottayam
• Guru Kashi University, Bathinda

M.Com Finance & Taxation Course Suitability

• Students should have a creative mind, good communication skills, up-to-date general awareness, abundant knowledge about the taxation sector and the market, and the ability to work as part of a team.
• They also possess strong problem-solving skills, good knowledge of the Microsoft Office software suite, and Excel spreadsheet skills.
• They must have a strong sense of work and other personality traits.
• They also have the desire to develop professional skills and leadership skills.
• They also possess good Mathematical and Accountancy skills as they are hugely used in the financial sector.

How is the M.Com Finance & Taxation Course Beneficial?

• The degree serves as a basis for further higher studies and research in this field such as a Ph.D. degree in Finance & Taxation.
• On successful completion of a Master’s degree in Finance & Taxation, a student can apply for the UGC-NET or JRF exam; success in these exams makes teaching or research a good option. 
• It has been concluded in a number of recent surveys that more and more students are now opting for a degree that enables them to establish a good career in Finance & Taxation areas. Degree holders are in a position to acquire the status of a government employee who is regarded as a notch above the ordinary people in terms of both post and power. 
• The area of Taxation is so vast that a candidate can select from the fields of different types of taxes, where one wants to specialize and establish. 
• M.Com (Finance & Taxation) degree course prepares students for a professional qualification in Taxation and Finance and provides a solid base in the field of Taxation, Accounting, and Finance, thus making it easier to acquire a leadership/managerial role in the financial sector.

M.Com Finance & Taxation Employment Areas

• Customs Department
• Excise Department
• Economic Consulting Jobs
• Finance, Commerce, and the Banking Sectors
• Import / Export Companies
• Indian Civil Services / Indian Economic Services
• Research Associates with Economic Consulting Firms
• State Sales Tax Laws
• Various Corporate Sectors in their Marketing and Finance Departments

M.Com Finance & Taxation Job Types

• Accountant
• Auditing Clerk
• Budget Analyst / Business Analyst
• Corporate Analyst
• Equity Research Analyst
• Employment Tax Specialist
• Financial Analyst / Money Manager
• Investment Banker / Investments Analyst
• Marketing Analyst / Marketing Manager / Operations Manager
• Personal Finance Consultant
• Risk Analyst
• Revenue Agent
• Securities Analyst
• Tax Advisor / Tax Manager / Tax Collector / Tax Assistant / Tax Examiner / Tax Consultant / Tax Policy Analyst / Tax Attorney Specialist