Master of Commerce or M.Com course is a 2-year postgraduate programme that educates candidates in various advanced concepts related to Commerce, Finance, and Economics. The programme is catered as a full-time or part-time biennial year course by several educational institutions across India. Master of Commerce programme is divided into 4 semesters. While first two semesters provide the fundamental knowledge about various aspects of Commerce, the final two semesters impart syllabus depending on the specialisation chosen by the candidate undergoing the postgraduate course.
Candidates interested in pursuing a Master of Commerce degree are required to have successfully undergone a Bachelor’s degree. Applicants with a Bachelor’s degree in Commerce are given preference over the rest. During the biennial programme, candidates are acquainted with the principles of accounting, finance, consulting, information systems, marketing, human resource management, and several other important commerce subjects. Typically, a Master of Commerce programme is summed up by the submission of a thesis project.
After the successful completion of the M.Com course, students can choose to either work or pursue further studies in the form of M. Phil and Ph.D. Master of Commerce postgraduates can provide their services within their core branch or find work in some field they find fascinating. These candidates are apt to assume managerial roles as well.
Master of Commerce programme requires candidates to be good in calculations. They should be aware of the fundamental principles of Mathematics. Candidates should have an above average analytical ability and the capability to decompose bigger and complex problems into smaller, easily manageable sub-problems. All vital skills required to successfully pursue an M.Com course are briefed up as follows:
Those with a Bachelor’s degree are eligible to apply for a Master of Commerce programme. Some prestigious institutes might require candidates to undergo and clear a self-held entrance examination. The full eligibility criteria for successfully taking admission in an M.Com course are summed up as follows:
Some top-tier institutions offering Master of Commerce programmes accept applicants with a work experience of not less than 2 years. Such candidates are required to produce a recommendation, in written form, from their present employer.
Master of Commerce in Applied Economics programme educates candidates in various fundamental concepts of Economics. Applied economics refers to the application of Economic theory and analysis. During the course, candidates are educated in various forms of Economics, ranging from development economics to labour economics. Additionally, the course provides candidates with a sound understanding of Statistics, Finance, Banking, and Accountancy.
Post successful completion of M.Com course in Applied Economics, postgraduates can provide services as quant analysts (financial services), accounts assistants, accountants, corporate analysts, market analysts, money managers, personal finance consultants, securities & investments analysts, and risk analysts. Candidates with Master of Commerce degree in Applied Economics are eligible to pursue higher studies, such as Master of Philosophy (M. Phil) and Doctor of Philosophy (PhD).
M.Com in Accountancy programme covers several essential subjects related to accounting, including accounting operations, accounting patterns, and foreign currency operations. Candidates are also provided fundamentals of Finance, Statistics, Taxation, and Insurance during the biennial postgraduate course.
Candidates successfully completing an M.Com course in Accountancy are apt to work as accountants, business analysts, corporate analysts, investment analysts, investment bankers, and money managers. M.Com in Accountancy postgraduates can choose whether to work full-time or provide their services on a freelance basis.
An M.Com in Accounting & Auditing stresses on business commerce, micro and macroeconomics, and import and export policies. Other important topics covered during the 2-year postgraduate course are banking systems, principles of accounting, and money systems.
Candidates with a postgraduate degree in Accounting & Auditing can provide their services as accountants, accounts assistants, accounts managers, executive accounts managers, financial analysts, personal finance consultants, and securities analysts. These professionals can also provide services as educators and research associates.
M.Com in Accounting and Finance is a 2-year postgraduate programme offered to candidates with a Bachelor’s degree. The biennial course primarily deals with the principles of Accounting and Finance. Students are educated about various concepts exclusive to business management and corporate leadership.
There are several career avenues available for M.Com in Accounting and Finance postgraduates. They can work part-time or full-time as accountants, financial analysts, financial managers, investments analysts, operations managers, security & risk analysts, and investment banker & market analysts.
Candidates are educated in the fundamental principles and contemporary scenarios of Accounting, Financial Planning and Economic theory with a stress on taxation during the 2-year term of M.Com in Accounting and Taxation degree. The programme focuses on the principles of Taxation and accurately computing the same in different scenarios.
Postgraduates that have successfully completed an M.Com course in Accounting and Taxation can provide their services by assuming different roles. Some potential career options for these candidates are accountant & budget analysts, employment tax analysts, equity research analysts, financial analyst & cost accountants, tax advisor & tax assistants, tax attorney specialists, and tax policy analysts.
M.Com in Banking & Insurance Management programme educates candidates in various aspects of insurance, in addition to providing knowledge of Accounting and Banking. In the context of insurance, students get the knowledge of insurance law, insurance regulations, and insurance risks.
After the successful completion of an M.Com course in Banking & Insurance Management, postgraduates can work as insurance managers, administrative officers, asset managers, investment bankers, internal auditors, loan counsellors, credit and risk managers, personal financial advisors, risk analysts, loss control specialists, and development officers.
Business Management is defined as the process of controlling, organising and planning various business activities. M.Com course in Business Management educates candidates with the fundamental principles of business management. Moreover, it aims at developing essential leadership skills in candidates so that they can adapt to the rapidly changing modern business environment.
Candidates with a successfully completed Master’s degree in Business Management can choose to work as business management executives, business analysts, business support management analysts, business management associates, sales and distribution agents, finance coordinators, wealth managers, and business banker & relationship managers.
The primary aim of M.Com course in Business Policy and Corporate Governance is to develop the required competencies and skills in candidates for successfully meeting the challenges offered by business policy making and corporate governance. The course is catered by only a few Indian institutes, including IGNOU (Indira Gandhi National Open University).
Postgraduates in M.Com in Business Policy and Corporate Governance can work as company secretaries, business policy managers, business policy consultants, and business analysts. These professionals can also work as educators, researchers, financial policy advisors, and international operations managers.
M.Com in Computer Applications is a biennial programme that brings together several concepts of computers and commerce. Candidates that have successfully completed a Bachelor’s degree are apt for undergoing the postgraduate programme. The primary focus of the programme is to educate candidates in the development and appreciation of computer-based applications used in solving complex commerce related problems.
Candidates having an M.Com course in this specialisation are apt to work as mobile application developers, senior accountants, auditors, stock brokers, information management applications architects, web applications developers, finance consultants, educators, computer programmers, computer systems analysts, educators, application support technicians, and research associates.
The M.Com in Entrepreneurship is a biennial postgraduate course. The programme imparts knowledge of the theory of evolution of economic activities, economic development, and various skills for assuming leadership roles in an organisation. The entire course is divided into 4 semesters, each followed by a semester-end examination.
After the successful completion of the M.Com in Entrepreneurship, candidates can either work or pursue higher studies. Those interested in a job can choose to work as managers, assistant managers (costing), chief human resources officers, senior network administrators, system analysts (build configuration management), delivery managers, and assistant managers (training).
M.Com in Finance is a 2-year postgraduate programme available for candidates with a complete Bachelor’s degree in any specialisation. Preference is given to candidates with a Bachelor’s degree in Commerce. The biennial programme educates candidates in financial regulations, real estate asset management, advanced theory of corporate finance, the Mathematics of Finance, et cetera.
Candidates with a postgraduate degree in Finance can work as funds managers, management consultants, investment bankers, auditors, stockbrokers, company secretaries, corporate analysts, personal finance consultants, tax assistants, risk analysts, operations managers, financial analysts, equity research analysts, revenue agents, and marketing managers.
The M.Com in Finance and Taxation programme educates candidates in principles of finance, financial planning, accountancy, economic theory, and taxation. The specialised course stresses on various aspects of finance and taxation. Candidates are educated in various laws, regulations and systems related to taxation during the biennial postgraduate programme.
Candidates have a wide number of working opportunities after successfully completing the M.Com in Finance and Taxation. They can work as employment tax specialists, corporate analysts, marketing managers, investment bankers, securities analysts, financial analysts, tax advisors, tax attorney specialists, personal finance consultants, educators, research associates, tax managers, and tax policy analysts.
International Business is another specialisation available for a Master of Commerce candidate. The biennial programme deals with the identification and management of various challenges that arise by virtue of business activities on a global scale. Postgraduates in International Business are suitable for controlling, coordinating, and planning business activities on an international level. Trade finance, foreign languages, and foreign trade policy are some important subjects of that make up the specialised course.
Besides pursuing higher studies, postgraduates in M.Com in International Business are apt to explore potential career options. Some of the available top-notch job options for these postgraduates include international business developers, business development managers, business development specialists, international business development executives, business development executive, and international business managers.
M.Com in Marketing is a 2-year postgraduate course that provides advanced study in management and marketing. The course is also available on a part-time basis with some Indian institutions.
Postgraduates with a degree in Marketing can either choose to work or pursue advanced studies. Marketing postgraduates can provide their services as marketing managers, marketing executives, marketing experts, marketing consultants, business development executives, business relationships managers, financial advisors, stockbrokers, educators, lecturers, business consultants, and marketing team leads.
Statistics is defined as a discipline that applies mathematical and statistical methods to assess the risk involved in insurance and finance of industries and businesses. M.Com course in Statistics provides in-depth knowledge of Actuarial Science, Biostatistics, Econometrics, Psychological Statistics, etc. to candidates. The postgraduate programme can be pursued by those with a knack for huge numbers and their calculations.
Several career avenues are available for those with an M.Com degree in Statistics. These postgraduates can provide their services as data analysts, enumerators, statistics researchers, biostatisticians, data interpreters, econometricians, research analysts, statisticians, educators, research associates, professors, business consultants, and financial advisors.