M.Com: Course Details, Admission, Fees, Eligibility Criteria

Duration: 2 Years
Avg Fees: ₹5K - 2 LPA

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The M.Com course is a two-year postgraduate degree programme that deals with a detailed study of subjects, including accounting, commerce, economics and the advancement of finance-related matters. The course goal is to train individuals for effective management in finance and commerce. The graduates can find work as Mutual Fund Brokers, Finance Bookkeepers, Budget Analysts, or Business Consultants.

Table of Contents

M.Com Course Details

Degree Masters
Full Form Master of Commerce
Duration 2 Years
Age The minimum age limit is 20-21 years.
Minimum Percentage A minimum of 50% in bachelor's degree from a recognized institution.
Average Fees ₹5K - 2 LPA
Similar Options of Study M.Phil (Commerce), MBA, CA
Average Salary INR 4 - 10 LPA
Employment Roles Accountant, Finance Manager, Cost Accountant, Accounting Manager, etc.
Top Recruiters EY (Ernst & Young), Genpact, Accenture, WNS Global Services, HDFC Bank Pvt Ltd, etc.

About MCom Course 

MCom full form stands for Master of Commerce. It is a postgraduate Master’s degree program focusing on Commerce, Accounting, Management, and Economics-related subjects. The MCom course duration is 2 years.

MCom admission 2024 requires candidates to have 50% or above in the bachelor's degree of Commerce from any recognized university. The student must pass the entrance exam such as CUET, BHU PET, etc., with the required cut-off marks. The MCom syllabus covers topics like Economic Analysis, International Business, Corporate Tax Planning, etc.

The MCom degree provides good employment opportunities for students looking for exposure in the field of commerce with various job roles such as Business Analyst, Stock Broker, Finance Bookkeeper, Finance Consultant, etc. The average salary of MCom graduates is in the range of INR 4-10 LPA.

Why Choose M.Com?

MCom program helps students to study subjects related to commerce such as accounting for managerial decisions, computer applications in business, and so on. It is ideal that the candidates check out the worthiness of the M.Com course. The following pointers can help students to understand the M.Com benefits.

  • MCom itself is a diverse field and there are a plethora of opportunities swimming around with the ever-advancing technology being implemented.
  • M.Com course includes subjects such as Organizational Behavior, Organizational Management, and Management Principles, which allow the candidates to compete with MBA graduates.
  • According to the Bureau of Labor Statistics, it is anticipated that the number of accountants and auditors will increase by 6% from 2021 to 2031.
  • Graduates can work both in the public and private sectors which include banking, stock market, financial services department, government agencies, software development companies, and consultancy services.
  • Internship opportunities in major companies such as Infosys and Dell will add a lot of weight in terms of experience to the resumes of MCom professionals.
  • Prestigious banks like Standard Chartered Bank, Yes Bank, and Manchester Bank are some of the major recruiting and employment partners for professionals.
  • Graduates can be part of the finance sector as Finance consultants, Bookkeepers, Business Analysts, Stockbrokers, etc.

Read More: M.Com Job Opportunities and Scope

Why Choose M.Com?

Who Should Pursue a Master of Commerce Course?

Below mentioned are points regarding who should pursue an MCom course:

  • Candidates who want to pursue a career in Commerce stream should pursue the M.Com course.
  • Candidates who wish to pursue a career in Banking Financial Service and the Insurance sector should pursue the M.Com course.
  • Working professionals who have graduate certificates in commerce can pursue this course in distance mode to improve their job prospects.
  • Candidates who wish to pursue a career as an Auditor can take up the M.Com course after completing their graduate program.

MCom Eligibility Criteria

The MCom qualification in India differs according to the university. For admission, the aspirants are required to meet the eligibility criteria. The basic eligibility criteria for the  course are listed below:

  • Aspirants wanting to pursue an M.Com course should have an average of 50% or above in their bachelor's degree from any recognized university. 
  • The relaxation of 5% marks is given to SC/ST/OBC students.
  • Candidates need to clear entrance exam cut off such as CUET, BHU PET, etc.
  • The minimum age limit to enroll in the course is 20-21 years.

MCom Admission 2024

For M.Com registration, the candidates must meet the eligibility criteria set by the universities which may vary when applying for the course.  Mentioned below are the general guidelines for admission to the course:

  • Step 1: The aspirants can apply online or offline to the universities offering MCom courses in India. 
  • Step 2: The students must clear the entrance exam cut-off as required by the respective colleges.
  • Step 3: Students may have to appear for GD/PI sessions before final selection. 
  • Step 4: After the publication of the merit list, students must provide the required documents for the document verification process. 

M.Com Admission Process

MCom Entrance exam 

There are various entrance exams conducted at national, state, and institute levels for MCom course. Here is a list of some of the popular entrance exams along with the application form details:

M.Com Entrance Exam

Registration Details

PU CET

Application Form

JMI EE

Application Form

MAJU

Application Form

BHU PET

Application Form

DUET

Application Form

AUCET

Application Form

M.Com Fees Structure

The MCom fees in India range between INR 5,000-2 LPA on average. The course fees can differ for different colleges and universities around the country based on the infrastructure and faculty they provide. 

Below is the list of some of the top colleges and information regarding fee structure:

SI.NO

Name of College

Tuition Fees

MCom Admission Fees

Miscellaneous Fees

1.

Shri Ram College of Commerce, Delhi

INR 20,000

INR 2,000

INR 8,000

2.

Hindu College, Delhi

INR 12,000

INR 1,500

INR 5,000

3.

Loyola College, Chennai

INR 15,000

INR 2,000

INR 8,000

4.

Christ University, Bangalore

INR 50,000

INR 5,000

INR 20,000

Types of MCom Courses

The course has full-time, part-time, and distance learning options available to students. The following MCom course details are provided below:

Type

Basic Eligibility

MCom Duration

MCom Full Time

Should have completed bachelor's degree with a minimum of 50% + Entrance Exams

2 Years

MCom Part-Time

Should have completed bachelor's degree with a minimum of 50% 

2 Years

Distance MCom

Should have completed bachelor's degree with a minimum of 50% 

2-5 Years

M.Com Distance Education

MCom distance education is one of the most lucrative courses that are available to aspirants who are unable to pursue the degree in regular mode. Given below are some of the popular pointers regarding the distance M Com course:

  • The candidates before pursuing the distance education course should see that the courses are validated by the Distance Education Board and UGC.
  • The courses are offered by IGNOU, Annamalai University, Karnataka State Open University, and many more.
  • The average course fee ranges between INR 5000 to 38,000 PA.
  • The average M Com duration of the course is 2-5 years.

Integrated MCom Course Details

Integrated MCom can be pursued by students after 10+2 (high school degree) completion.  The integrated M.Com course duration is five years. The course can be pursued in a combination of BCom+MCom from colleges like Gauhati University, Guru Nanak Dev University, etc.

IGNOU MCom

Given below are some of the popular pointers regarding the M.Com course from IGNOU:

  • The duration of the course is 2 to 5 years
  • The average course fee is INR 11,000 PA.
  • There is no upper age limit for pursuing M.Com from IGNOU.
  • The course offers regular teleconferencing for regular guidance.

M.Com From Annamalai University

Given below are some of the popular pointers regarding the MCom course details from Annamalai University:

  • The course is recognized by the UGC and it can be used as a valid certificate for government or private employment.
  • Admission is provided for different specializations such as Finance and accounting, marketing Management, etc.
  • The admissions are done based on a merit list.
  • The average course fee is INR 7,000 PA.

M.Com from LPU Distance Education

Given below are some of the popular pointers regarding the M.Com course from LPU Distance Education:

  • The minimum duration varies from 2 to 5 years.
  • The candidates should pass B.Com, BBA, BSc (Economics), BA (Commerce), or any other graduation with mathematics or economics as one of the subjects.
  • The course fee is INR 44,000 PA.
  • The admission is done based on a merit list.

M.Com Distance Education Top Colleges

Some of the top MCom distance education universities/colleges are:

Name

Average Fees

IGNOU

INR 11,000 PA

SRM University, Chennai

INR 16,000 PA

IDOL Mumbai University

INR 12,000 PA

SOL Delhi University

INR 10,000 PA

LPU Distance Education

INR 44,000 PA

Mahatma Gandhi University, School of Distance Education

INR 5,000 PA

Annamalai University Distance Education

INR 7,000 PA

Karnataka State Open University (KSOU)

INR 13,500 PA

MCom Specialisations

Students can pursue MCom specialization based on their interests and previous academic stream. The course list of different specializations has been given below. 

Top MCom Colleges in India

MCom's scope in India is vast as the demand for graduates who wish to pursue a career in finance, accounting, or business has increased. The MCom courses are offered by various prominent colleges in India and the candidate can get admission based on merit or entrance exam scores.

Top MCom Government Colleges in India

The average MCom fees in government colleges range between INR 5,000-50,000 PA. The top government colleges in India offering an M Com course are shown in the table below:

Sl.No

College Name

Average Fees

1

Delhi University INR 8,000 PA

2

Mumbai University INR 6,025 PA

3

Kalinga University INR 25,000 PA

4

University of Mysore INR 9,680 PA

5

Sydenham College of Commerce and Economics INR 6,265 PA

Top MCom Private Colleges in India

There are various private colleges for MCom degree in India providing good learning exposure in terms of research projects, internships, site visits, etc. Below is a list of private MCom colleges in India:

Sl.No

College Name

Average Fees

1

Parul University

INR 40,000 PA

2

Arunachal University of Studies

INR 35,000 PA

3

Sister Nivedita University INR 1.53 LPA

4

St Josephs College INR 39,250 PA

5

Jain University INR 62,500 PA

Top Master of Commerce Colleges by City

MCom Colleges in Mumbai

MCom Colleges in Ahmedabad

MCom Colleges in Pune

MCom Colleges in Chennai

MCom Colleges in Indore

MCom Colleges in Surat

MCom Colleges in Jaipur

MCom Colleges in Bangalore

MCom Colleges in Kolkata

MCom Colleges in Lucknow

MCom Colleges in Coimbatore

MCom Colleges in Kottayam

Top MCom Colleges by State

MCom Colleges in Hyderabad

MCom Colleges in Gujarat

MCom Colleges in Delhi

MCom Colleges in Kerala

MCom Colleges in Karnataka

MCom Colleges in Tamil Nadu

MCom Colleges in Rajasthan

MCom Colleges in Uttar Pradesh

MCom Colleges in Chandigarh

MCom Colleges in Punjab

MCom Colleges in Maharashtra

MCom Colleges in Bihar

Highest MCom Placements in India

Listed below are the top colleges with the highest MCom placements.

Names Top Recruiters Placement Package
SRCC, New Delhi Wipro, Samsung, KPMG, EY, etc INR 15 LPA
Christ University, Bangalore Deloitte, EY, KPMG, TCS, etc INR 13 LPA
Hansraj College, New Delhi Capgemini, P&G, OYO, KPMG etc INR 31 LPA
NMIMS, Mumbai Reliance, Citi Bank, Infosys, Deloitte, etc INR 8 LPA
Loyola College, Chennai IBM, Dell, TATA Motors, Flipkart etc INR 5.5 LPA

MCom Mumbai University

Listed below are some of the most common pointers for the MCom Mumbai University:

  • The University's Faculty of Commerce and other affiliated colleges offer two-year MCom degree.
  • Candidates need to have a minimum of 50% in BCom. 
  • MCom Admission is available for various specializations, including E-Commerce, Advanced Accounting & Auditing, Financial Markets, Agribusiness Management, Accountancy, E-Commerce, Business Management, Banking, Finance, etc.
  • The admissions are done based on an M Com entrance exam.
  • The average MCom course fee is INR 10,000 - INR 1 lakh. 
M Com Eligibility 50% in Bachelor's Degree with Commerce
MCom Course Duration 2  years
M Com specialization E-Commerce, Advanced Accounting & Auditing, Financial Markets, Agribusiness Management, Accountancy, E-Commerce, Business Management, Banking, and Finance
Average MCom Fees INR 10,000 - INR 1 lakh

Calcutta University MCom

Some of the most common pointers for the Calcutta University MCom are listed below: Calcutta University also provides full-time and part-time MCom courses.

  • The MCom course duration at Calcutta University is two years.
  • M Com Admission at Calcutta University is based on academic achievement.
  • There are 420 total seats for the Master of Commerce course at Calcutta University.
  • The average MCom course fee at Calcutta University is INR 2,400. 
M Com Eligibility 50% in Bachelor's Degree with Commerce
MCom Course Duration 2  years
Average M Com Fees INR 2,400

M.Com College Comparison

The table below shows a significant comparison of some of the best colleges considered for the M.Com course:

Parameters Hindu College, New Delhi Presidency College, Chennai Loyola College, Chennai
NIRF- Ranking 2 3 6
Average Fee INR 44,000 INR 1,700 PA INR 20,000 PA
Average Placement Package INR 5 LPA INR 3.5 LPA INR 5 LPA
ROI Rank 3 1 2
Top companies participate in placement drives KPMG, DE Shaw, Maruti, Jaypee, Deloitte, and Google. HDFC Bank, TATA AIG, Federal Bank. Mind tree, reliance, etc. E&Y, Zoho Corps, well Fargo, Wipro, TCS, IBM, Amazon, and others.

MCom Subjects and Syllabus

Master of Commerce course in India aims at making students familiar with commerce, accounting, finance, and banking. Below mentioned is the M.Com subjects list:

  • Banking Practise
  • Cost and Account Management
  • Financial Accounting
  • Business Accounting
  • Taxation
  • Business Management
  • Marketing of Financial Service
  • Banking Law and Theory
  • Entrepreneurship

Read More: M.Com Syllabus and Subjects

MCom Course Comparison

The MCom course offers diverse career options to students in terms of employment roles and higher education options. There are also other courses that offer the same career prospects to students such as:

M.Com vs MBA

M.Com (Master of Commerce) and MBA (Master of Business Administration) are two separate courses that have their own benefits. It depends on your qualification background and area of interest to select one of these courses.

Some of the key differences between these courses are mentioned below:

Parameters MCom MBA
Full-Form Master of Commerce Master of Business Administration
Course Duration 2 Years 2 Years
Eligibility 50% in Bachelor's Degree with Commerce 50% in Bachelor's Degree
Average Fees INR 5,000-2 LPA INR 3-15 LPA
Entrance Exam BHU PET, PU CET, AU CET CAT, MAT, XAT
Top Colleges SRCC, Hindu College, Loyola College IIMs, XMRI, FMS

Read More: MBA

M.Com vs LLB

Some of the key differences between M.Com and LLB are mentioned below:

Parameters MCom LLB
Full-Form Master of Commerce Bachelor of Laws
Course Duration 2 Years 2 Years
Eligibility 50% in Bachelor's Degree with Commerce 45% in Bachelors Degree
Average Fees INR 5,000-2 LPA INR 10,000 - 3.5 LPA 
Entrance Exam BHU PET, PU CET, AU CET CLAT, LSAT, CUET
Top Colleges SRCC, Hindu College, Loyola College NLSIU, NLU, Nalsar University of Law

Read More: LLB

MA Economics vs M.Com

The key differences between M.Com and MA Economics are mentioned below:

Parameters M.Com MA Economics
Full-Form Master of Commerce Master of Arts in Economics
Course Duration 2 Years 2 Years
Eligibility 50% in Bachelor's Degree with Commerce 50% in Bachelor's Degree 
Average Fees INR 5,000-2 LPA INR 50,000 - 2 LPA
Entrance Exam BHU PET, PU CET, AU CET BHU PET, JNUEE, CUEE, AUCET
Top Colleges SRCC, Hindu College, Loyola College JNU, SXC, Presidency College Kolkata

Read More: MA Economics

M.Com vs CA

Some of the key differences between M.Com and CA are mentioned below:

Parameters M.Com CA
Full-Form Master of Commerce Chartered Accountancy
Course Duration 2 Years 5 Years
Eligibility 50% in Bachelor's Degree with Commerce 55% aggregate in 10+2 examination
Average Fees INR 5,000-2 LPA INR 2-2.5 Laks.
Entrance Exam BHU PET, PU CET, AU CET

CA Foundation, CA Intermediate, CA Final Exam

Top Colleges SRCC, Hindu College, Loyola College ICAI, Academy of Commerce, CHAMPS 

Read More: CA

Courses After M.Com

After graduating from the course, the aspirant can choose to pursue higher courses in Commerce. The aim of the program is to develop scholars into researchers who can make substantial contributions to the field of commerce and finance. Here is the list of Higher Education after post-graduation:

Career Options After Master of Commerce

There are a plethora of career options for an M.Com graduate. India has multi-national companies which hire M.Com graduates for various positions. Here is the list of some of the top recruits:

  • Cognizant
  • HCL Technologies
  • IndusInd Bank
  • Wipro
  • Microsoft
  • SBI

Salary of an M.Com Graduate

The average M.Com salary in India is in the range of INR 4-10 LPA for freshers. The salaries and annual earnings depend on the specific kind of practice and performance, expertise, and other related aspects.

Read More: M.Com Salary

M.Com Scholarships

The Indian government offers several scholarships to economically disadvantaged, minority, and physically challenged students who wish to pursue a Master of commerce degree. There are many private and public scholarships available to qualified applicants for an M Com degree.

The several MCom Scholarships are listed below:

  • Reliance Foundation Scholarships
  • Vijaybhoomi University Scholarships and Financial Aid
  • Lakshadweep Scholarship Scheme
  • Swami Vivekananda Scholarship
  • Nagaland State Research Scholarship
  • Nagaland State Merit Scholarship
  • Post Matric ST Scholarship, Nagaland

Skills Required For MCom Graduates

An aspirant wishing to pursue M.Com must have the necessary skills to develop in the course. The course is a theory-based course where knowledge skills are required. Here is a list of a few skills an applicant should have:

  • Logical Reasoning
  • Mathematical Ability
  • Communication Skills
  • Leadership Skill

Top Commerce Entrance Exams

M.Com Fee Structure

FAQs

What is the salary of MCom graduate in India?

The average salary of M.Com graduates in India is between INR 4-10 LPA.

What job opportunities are available after M.Com?

The M.Com degree provides several employment options such as marketing analyst, cost accountant, finance manager, etc. in the both private and public sectors.

What is M.Com course fees?

The average M.Com course fee is in the range of INR 20,000 - 3 LPA.

Which colleges are best for M.Com course in India?

The best colleges in India offering M.Com course are Hansraj College, SRCC, Christ University, etc.

What are the best M.Com specialization to pursue?

The top M.Com specializations are in finance, marketing, computer application, business management, etc.

Which is better MCom or MBA?

MBA covers a wider range of business disciplines including marketing, management, and strategy, and MCom primarily focuses on accounting and finance. The choice between two courses depends on students' goals and interests.

Can I study MCom course after the 12th?

No, MCom is a Postgraduate degree that can be pursued after completion of a BCom degree.

What is MCom full form?

MCom full form is Master of Commerce.

See Various M.Com Colleges in India

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