Master of Commerce: Entrance Exam 2024, Admission Process
Learn everything about Master of Commerce, from the admission process to top colleges, eligibility, career options, salary packages and much more!
Izhar Ahmad10 Dec, 2023
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The Master of Commerce (MCom) is an advanced postgraduate program focused on business, accounting, management, and economics. This four-semester program relies on a choice-based credit system and is accepted by the University Grants Commission (UGC). Upon successfully finishing the two-year program, learners earn the formal title of Master of Commerce from their universities.
Admission to MCom studies in top universities usually includes an entrance test, although certain colleges also consider merit-based admission. In India, M.Com can be done full-time, part-time, distant, or online. The course is given by approximately 3500 private, government, and public-private MCom colleges nationwide. MCom graduates have various choices, including studying UGC-NET/JRF or choosing a Doctor of Philosophy (Ph.D.). These possibilities add to the success and flexibility of the MCom degree in India.Master of Commerce Overview
M Com, short for Master of Commerce, is a higher education program in commerce . Many people who successfully finish their college studies in B.Com often choose M.Com. This course holds significant importance among students with a background in commerce.Master of Commerce - Course Highlights
The program suits students seeking to pursue advanced studies or work in research in the area of statistics and related subjects. It is also ideal for those seeking qualifications in Chartered Accountancy and Company Secretaryship. Given below is the general overview of the postgraduate course in commerce stream, Master of Commerce:| Particulars | Details |
| Course Level | Post Graduate |
| Full Form | Master of Commerce |
| Course Duration | 2 Years |
| Admission Process | Entrance exam/merit-based |
| Entrance Exams | SAT, CUET, DUET, AMU Entrance Exams etc. |
| Eligibility | B.Com degree with a minimum of 50% from a recognized university |
| Fees | Rs. 35,000 to Rs. 50,000 per annum |
| Average Salary Offered | Up to Rs. 4 lakhs per annum, contingent on experience |
| Top Recruiters | HDFC, ICICI Bank, Ernest & Young, Deloitte, KPMG |
| Career Opportunities | Chartered Accountant, Company Secretary, Insurance and Banking Services |
Master of Commerce Entrance Exam 2024
The majority of entrance exams feature objective-type questions and primarily assess aptitude. The MCom entrance test typically encompasses four key sections: Logical Reasoning, General Knowledge, English, and Quantitative Aptitude. A few of the popular exams used for entry to MCom colleges are mentioned below:| Entrance Exam | Registration Date 2024 | Exam Date 2024 |
| Banaras Hindu University Entrance Exam (BHUET) | Not Yet Declared | Not Yet Declared |
| Jawaharlal Nehru University Entrance Exam (JNUEE) | Not Yet Declared | Not Yet Declared |
| CUET PG | Not Yet Declared | Not Yet Declared |
| IPU CET | Not Yet Declared | Not Yet Declared |
| Delhi University Entrance Test (DUET) | Not Yet Declared | Not Yet Declared |
Master of Commerce Admission Process 2024
Admission to MCom is either merit-based or through an entrance exam. The admission process for MCom involves:- Submission of online applications with necessary documents and payment of the application fee.
- Shortlisting of candidates based on the merit of the B.Com degree.
- Some universities conduct entrance tests.
- Candidates participate in the entrance test, followed by counseling/interview for selected individuals.
- Successful candidates complete the admission process, including document verification and fee payment.
Master of Commerce Admission 2024- Eligibility Criteria
To be eligible for the MCom Admission 2024, candidates need to meet the following eligibility criteria:- Applicants should have successfully completed their undergraduate degree.
- A minimum aggregate score of 50% in the undergraduate degree is required for MCom Admission in 2024.
- For MCom Admission based on entrance exams, candidates must not only pass the entrance test but also participate in counseling sessions, which are determined by their exam scores.
Master of Commerce- Career Opportunities
M.Com graduates find ample job opportunities in the finance and corporate sectors. Upon completing their degree, they can opt for various positions such as:- Operations Manager
- Finance Consultant
- Investment Banker
- Marketing Manager
- Accountant
- Business Analyst
Master of Commerce Year Wise Syllabus
The MCom program offers specializations, internships, and on-the-job team projects with companies. Students may choose electives depending on their interests and goals for future professional growth. See the MCom syllabus and subjects typically covered in a two-year MCom program.|
M Com Syllabus |
|
| First Year | Second Year |
| Accounting for Managerial Decisions | Corporate Tax Planning |
| Strategic Management | Marketing Management |
| Organization Behaviour | Computer Applications in Business |
| Corporate Legal Environment | International Finance |
| Financial Markets | Investment Management |
| Marketing Concepts | Research Methodology in Commerce |
| E-Commerce | Corporate Financial Accounting |
| Commercial Bank Management | Statistical Analysis |
| International Finance | Economics of Global Trade & Finance |
Master of Commerce Salary Packages
Upon MCom graduation, individuals have various job paths, including chances in the banking and financial services industry, teaching or lecturer roles, and research activities. MCom degree students can explore careers in private, public, and government areas. Aim for safe and successful jobs in privatized banks, Railways, Income Tax, and different government offices. Top job profiles for MCom degree holders and their corresponding average salaries (in INR) include:- Wealth Manager: INR 7.5-8 LPA
- Auditor: INR 5-6 LPA
- Accountant/Senior Accountant: INR 3-4 LPA
- Finance Executive: INR 4.5-6 LPA
- Chartered Accountant: INR 7-9 LPA
- Finance Manager: INR 8-10 LPA
- Risk Analyst: INR 4.5-6 LPA
- Bank Manager: INR 6-7 LPA
- Business Analyst: INR 7-8 LPA
- Share Broker: INR 4.5-6 LPA
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Specializations in Master of Commerce
Numerous colleges offer the following specializations in the master of commerce, providing students with in-depth knowledge in their chosen field.MCom (Taxation):
Taxation courses are available at certification, undergraduate, postgraduate, and diploma levels. The course, lasting up to three years, aims to equip students with both practical and theoretical knowledge in financial accounting, direct taxation, indirect taxation, and auditing.MCom (Mathematics):
Mathematics is a crucial academic discipline utilized in various fields such as natural science, engineering, psychology, medicine, and economics.MCom (Accounting & Finance):
Accounting is a dynamic field with expanding employment opportunities driven by market demands.MCom (Banking):
Individuals aspiring to work in banking, finance, or insurance can anticipate a prosperous and fulfilling career.MCom (Banking and Finance):
This profession requires strong analytical and mathematical abilities, with students needing relevant education or passing competitive exams for careers in the banking industry.MCom (Marketing):
Focuses on organizing and evaluating advertising operations, covering principles of personal selling, sales planning, and organizational skills.MCom (Business Management):
Teaches students about the establishment and management of firms, encompassing various functional levels like production, finance, administration, human resources, sales, and marketing.MCom (Economics):
Provides insights into the elements shaping financial institutions globally, especially relevant in the current transformative phase of the country's economy.MCom (Accounting):
Defines the process of recording and analyzing financial transactions, serving as the backbone for any corporate organization.MCom (Statistics):
Deals with the collection, organization, analysis, interpretation, and presentation of data sets, a crucial subject taught in high school and specific degree programs.MCom (Finance):
Focuses on the study and management of money and investments, examining how individuals, organizations, and governments handle financial matters.MCom (E-Commerce):
Recognizes the fast-expanding job opportunities in the e-commerce sector, offering diverse roles in the digital world.MCom (Computer Application):
A two-year postgraduate program that delves into specialized areas within the field of computer applications.master of Commerce FAQs
Is M.Com a good career option?
Yes, individuals with an M.Com degree are ready to work as auditors, business analysts, corporate secretaries, consultants, tax accountants, finance officers, stock brokers, and other related positions.
What is the salary of M.Com in India?
An initial-level M.COM student with fewer than three years of work experience gets an average annual income of 4.2 Lakhs.
How many types of M.Com are there?
Aside from MCom (General) and MCom (Honors), the course offers various specializations, including MCom in Mathematics, MCom in Finance, MCom in Economics, MCom in Taxation, MCom in Banking, MCom in Accounting, MCom in Business Management, and so on.
Can I do M. Com after MBA?
Yes, however, if you are completing a full-time MBA, you may pursue a Mcom via distant study.
Can I apply for M.Com after BBA?
Yes, you may pursue M.Com after finishing your BBA. You must have a minimum of 50% in your BBA course from a recognized college or university.
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