Master of Commerce in Management Accounting & Financial Strategies
B.Com. or Grad (Honours) in Economics/Management
M.Com. Management Accounting & Financial Strategies or Master of Commerce in Management Accounting & Financial Strategies is a postgraduate Finance course. It covers the study of principles of accounting, financial planning and strategies, economic theory, micro and macroeconomics, knowledge about business, trade and its characteristics and policies involved, etc. In simpler words, M.Com. (MA & FS) is a postgraduate degree program that primarily focuses on the systematic study of the concepts in the specialised subjects and topics related to the fields of Management Accounting and Finance. This degree course is of two years duration and it offers many types of careers to the candidates after its completion.
The basic eligibility criterion for pursuing M.Com. (MA & FS) degree is having graduation degree in Commerce stream.
However, as an alternative criterion, many universities accept graduation degree with Honours in Accountancy, Economics or Business/Management Studies for admission to their M.Com. (MA & FS) degree course.
Specifically, Indira Gandhi National Open University (IGNOU) demands that students who have passed in ICWAI Intermediate or Final course are eligible to seek admission to its M.Com. (Management Accounting & Financial Strategies) degree course designed and developed in collaboration with the Institute of cost and works Accountants of India, exclusively for the ICWAI students.
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. (MA & FS) 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.
They should have skills like people skills, sales skills, communication skills, analytical skills, creative ability and computer skills.
Candidates must have good knowledge of accounts and banking terms.
They should also have the ability to explain complex financial information in a clear way, honesty and discretion and team-working skills.
They also possess good business understanding and good attention to detail.
How is M.Com. Management Accounting & Financial Strategies Course Beneficial?
M.Com. (MA & FS) degree serves as a basis for further higher studies and research in this field such as Ph.D. and M.Phil. Degree in Management Accounting & Financial Strategies.
On successful completion of Master’s degree in Management Accounting & Financial Strategies, a student can apply for the UGC-NET or JRF exam; the success in these exams makes teaching or research as good options.
A Master's Degree in Management Accounting & Financial Strategies 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.
M.Com. (MA & FS) degree makes one eligible to work in Accounts and Finance departments of various firms & companies, banks, government departments and agencies, educational institutions and a number of other types of organizations.
M.Com. (MA & FS) degree course prepares students for a professional qualification in finance and accounting and provides a solid base in the field of Accounting and Finance, thus making it easier to acquire a leadership/managerial role in the financial sector.
M.Com. Management Accounting & Financial Strategies Employment Areas
Economic Consulting Jobs
Finance, Commerce and the Banking Sectors
Indian Civil Services
Indian Economic Services
Research Associates with Economic Consulting Firms
Various Corporate Sectors in their Marketing and Accounts Sections