MCom Admission 2024: The Master of Commerce (MCom) is a two-year postgraduate degree focusing on advanced topics in commerce, accounting, and finance. Admission for MCom 2024 is now open at various universities across India. Eligibility generally requires a Bachelor’s degree in commerce or a related field with at least 50% marks. The course includes subjects like Financial Accounting, Business Statistics, Corporate Law, and Taxation. Application fees range from INR 500 to INR 1,500, depending on the university. MCom graduates can pursue careers in banking, accounting, and finance sectors.
MCom Admission Important Points:
- Course Full Name: Master of Commerce (M.Com)
- Course Overview: The M.Com is a postgraduate program focusing on advanced studies in commerce, accounting, finance, and economics. It is ideal for those who wish to deepen their knowledge in these areas and pursue careers in finance, banking, or business management.
- Eligibility Criteria: To apply for an M.Com Admission, you must complete a bachelor’s program in Commerce (B.Com) or other related field with at least 50% marks.Â
- Program Duration: It will be finished in 2 years.
- Course Curriculum: The curriculum includes subjects like Advanced Financial Accounting, Corporate Finance, Taxation, Auditing, Business Environment, and Research Methodology.Â
- Career Opportunities: You can pursue roles such as Accountant, Financial Analyst, Tax Consultant, Auditor, and Banking Professional.Â
- Average Salary: After completing an M.Com, salary ranging from INR 3.5 LPA to INR 8.5 LPA.
- Approx. Fees: The fee for this master level course varies with universities from INR 11,000 to INR 45,000 per year.
MCom Admission Latest Update:
- SKU University: Subjects include Financial Accounting, Corporate Law, and Business Statistics. Approx. fee: INR 35,000. Last date: 26 September 2024*. (Apply Here)
- Mangalayatan University: Subjects include Taxation, Economics, and Finance. Approx. fee: INR 45,000. Last date: 27 September 2024*. (Apply Here)Â
- IMTS Institute: Subjects include Management Accounting, Auditing, and Marketing. Approx. fee: INR 32,000. Last date: 28 September 2024*. (Apply Here)
MCom Admission 2024 Highlights
Course Name | Master of Commerce |
Eligibility | B.Com or Graduation with minimum 50% marks with Economics /Statistics/Mathematics/Commerce/Accounts as a main subjects |
Similar Options of Study | M.Phil. (Commerce), MBA, CA |
Duration | 2 Years |
Approved By | UGCÂ /Â DEB |
Fee Structure | INR 11,000 to INR 45,000Â |
Admission Process | Online / Offline |
MCom Admission 2024
Students who completed the BCom can opt for MCom. The MCom admission process at the institute can be based on scores in UG or any entry test. Some famous entrance tests to get into the MCom program are CUET PG, BHU PET, PG CET, & more.
Due to technological advancement, MCom admission is offered online by almost all universities. Specifically, MCom admission takes place either through a merit or entrance exam, depending on the admission process followed by the university/college. Other than this, the application process remains the first step of admission, which needs to be completed correctly.
Depending on the merits or the entrance scores of a student, they may be invited to appear in further rounds of selection. Most institutions follow a standard admission process consisting of counselling, document verification, and final confirmation as an integral part of the admission process.
Eligibility
The eligibility Criteria and Qualification for MCom admission are given below:
- Candidates must have a BCom (General), BCom (honors), BBA, or equivalent undergraduate degree with at least 50% marks from any recognized university.
- Some universities consider students with a degree in Economics, Statistics, BBE, and BBS. However, students should check eligibility specified by the respective university.
- Students belonging to OBC or SC/ST get a relaxation of 5% in universities.
- For MCom admission at some universities, students have to appear in the entrance test.
MCom Admission Process:Â
The admission process for the M.Com program is given below:
- Application: Applicants must get an application form from the appropriate university to apply for an M.Com program. Complete the application form completely and truthfully, including all needed information and supporting documentation, is crucial.
- MCom Admission Entrance-Based Selection: Various colleges administer entrance exams for admission to the M.Com program. Interested students are required to appear and secure good scores in MCom admission tests.
- Interviews:Â After the results of the M.Com entrance exams, candidates will be called for an interview. These interviews are arranged to observe the interest of the students in commerce and also to determine his/her communication skills.
- Merit-Based Selection: In the context of M.Com admissions in India, “merit-based selections” refers to assessing and admitting individuals based on their academic performance and achievements. Candidates are chosen in this system only based on merits, such as their performance on prerequisite tests like undergraduate degrees or admission exams.
What is MCom?
Master of Commerce is a postgraduate degree in the field of commerce. There is a wide range of information in the course material, Including Accounting and finance information as well as financial regulations and their implications. This course is aimed at providing students with an overview of the fundamentals of management and business. It is one of the skills that M.Com students learn as they prepare themselves for a business career, which is the management of financial statements.
The article discusses how to work with government agencies and how to deal with them. With a Master of Commerce degree, you have a wide range of career options at your disposal. Employers are always looking for a responsible accountant.
- International Business
- Entrepreneurship
- Business Analytics
- Corporate Law
- Industrial Business
- Operations Management
- Management Accounting
Why Pursue M.Com Admission 2024?
Here are some of the reasons why students take up M.Com as their post-graduation course-
- There is a wide range of opportunities for students pursuing a master’s in commerce.Â
- For students who want to pursue a career as a chartered accountant, this course will help them have an idea about cracking CA or CS.Â
- The course provides specialization in various courses like Accounting and finance, banking and finance, taxation, business management, economics, statistics, computer application, and more.Â
- Master in commerce involves graphs, numbers, and calculations. Therefore, students must possess sharp analytical skills and a love for mathematics.
Subharti University MCom Admission
To be eligible, students must have a bachelor’s degree in commerce from a recognized university with a minimum of 50% marks. Selection is based on merit in the qualifying examination or the SNET score. For more information and to apply, visit the Subharti University website.
MCom IGNOU Admission
For MCom admission 2024, selection will be based on merit scores only. Applicants must have a bachelor’s degree (10+2+3) from any recognized university with a minimum of 50% marks. To apply for MCom admission, candidates must register on the IGNOU website before the closing date. The selection to the MCom program will be based on the marks obtained in the last qualifying exam at the UG level. The application fee for the MCom program is Rs. 300.
BHU MCom Admission
Banaras Hindu University offers a two-year Master of Commerce (MCom) postgraduate program through the CUET PG exam. To be eligible, candidates must have completed a BCom degree with a minimum aggregate score of 50% and secured a valid CUET PG score. Selection is based on CUET PG scores, followed by counselling.
MCom DU Admission
MCom admission at Delhi University (DU) has now begun for the academic session 2024-25. Admission will be based on scores in the Common University Entrance Test – Postgraduate (CUET PG) 2024. Students must have a valid CUET PG scorecard to be considered for admission to the MCom postgraduate program. BCom degree holders will be preferred, but students with other bachelor’s degrees are also eligible to apply.
Amity University MCom Admission
Amity University has currently opened the admission portal for the M.Com course. To fill out the form for M.Com Admission, one should follow the link provided on the university’s online site. One should have passed B.Com with 50% or above from a valued university.
Additionally, they should have obtained at least 60% marks in Class XII from a well-known board. Selection will rely on the student’s performance on an online video test conducted at the Microsite Admission window, and the process will be purely online mode.
MCom Calcutta University Admission
Calcutta University has started the MCom admission for the new academic session. Students must have a BCom degree before applying for an MCom. The University also released a notification on its official website regarding the waiver of admission fees. There will be no admission fee charged for Postgraduate programs offered on the campuses of the university.
Gujarat University MCom Admission
GU is the most famous university in India and it offers admission to MCom students. This is a public University so its fee structure is very affordable for all students. The fee for MCom in GU is INR 36,000 for the full course. It takes admission of MCom students on a merit-based.
Students should pass in BCom or BBA from any recognized university or Institute to gain admission. This University is best known for its placement of students. The Admission for MCom students will be held in the month of July.
MCom Admission: Syllabus
The syllabus tries to cover all the possibilities a student can face. It includes general subjects as well as professional subjects. The course mainly focuses on principles of accounts and business. Specifically, the method proceeds to the B.Com subject. But M.Com covers more details and knowledge. The program is mainly dependent on Management courses and Accounting courses. Also, Economics courses have a significant part in the M.Com degree.
1st Year | ||
SUBJECT(S) / PAPER(S) | MAX INTERNAL MARKS | MAX EXTERNAL MARKS |
Financial Accounting | 40 | 60 |
Managerial Economics | 40 | 60 |
Business Statistics | 40 | 60 |
Corporate Laws | 40 | 60 |
Marketing Management | 40 | 60 |
Organizational Behavior | 40 | 60 |
Taxation | 40 | 60 |
2nd Year | ||
SUBJECT(S) / PAPER(S) | MAX INTERNAL MARKS | MAX EXTERNAL MARKS |
Financial Management | 40 | 60 |
Business Environment | 40 | 60 |
Cost and Management Accounting | 40 | 60 |
International Business | 40 | 60 |
Research Methodology | 40 | 60 |
Strategic Management | 40 | 60 |
Entrepreneurship Development | 40 | 60 |
MCom Admission SpecializationÂ
Master of Commerce (MCom) in India offers a wide variety of specializations. It will be offered in many universities, including both private & government. While taking MCom admission, students get into the thought of Which M.Com specialization is best? Specializations like Computer Application, HRM, Taxation and Marketing are all best for the M.Com course. These topics raise many job roles & scope probability.Â
M.Com provides a variety of specializations within the commerce sector. A few of them are listed below:
- MCom in Computer Applications –Â It is the area that provides theoretical and practical information about the computer world.
- MCom in Accounting and Finance is more focused on the accounting field and economic finances.
- MCom in Taxation:Â In this class, students learn to resolve taxation issues comprehensively and research tax-related literature. They also learn to conduct a comprehensive analysis of tax returns.
- MCom in Finance –This is the organization’s finance such as budgeting.
- MCom in HR Management-Â Deals with managing human res within the organization.
- MCom in Marketing gives you all the technical information and the skills required to market in finance and commerce.
Career Prospects
The career or scope for the MCom program is wide in India. Many top government colleges provide placement after the MCom course. Any learner who is interested in pursuing a career in the commerce or accountancy field can choose the MCom course. Students can pursue job roles as an accountant in different companies.
They can work as employees in business forms. They can work as a content writer on various topics related to accounting, finance, and business. Graduates can also get a job in the marketing sector. Some job options are mentioned below:
- Account Assistant helps with administrative tasks for accountants, including completing clerical duties like filing, typing, handling mail, and basic bookkeeping.
- Operations Manager: It is responsible for the hiring process, setting targets, and team leadership.
- The Marketing Manager’s role is to prepare and implement marketing strategies.
- Analyst Performs data operation and creates reports based on the data’s interpretation.
- The Stockbroker works with stocks and provides financial services to the company.
- The Bank Manager is responsible for overseeing and managing branches of banks.
- A business Consultant’s job is to study the market, product lines, and overall financial performance.
- Cashier/Teller managing transactions with customers through cash registers.
What Job profiles are offered after MCom Admission?
There are several jobs that an MCom degree holder can do. In MCom, there are subjects that give knowledge about different streams including Accounting, Business Environment, Management, International Business, Insurance, Finance, Banking, etc. MCom students can get jobs as Cost Accountants, Tax Consultants, Certified Public Accountants, Investment Bankers, etc. The starting salary can be between 3 LPA to 5 LPA.
Top Job profiles after MCom
After completing M.Com candidates can apply for jobs in high-end MNCs and BFSI. You can also choose to take lecturer-ships or teaching positions or opt to research.
- Account Assistant Helps with administrative tasks for accountants in completing clerical duties like filing, typing, handling mail, and basic bookkeeping.
- Operations Manager: It is responsible for the hiring process, setting targets, and team leadership. Marketing Manager responsible for preparing and implementing the marketing strategies.
- Analyst: Performs data operation and creates reports based on the data’s interpretation. The Stockbroker works with stocks and provides financial services to the company.
- Bank Manager: The Bank Manager is responsible for overseeing and managing branches of banks.
- Business Consultants:Â Their job is to study the market, product lines, and overall company’s financial performance.
- Cashier/Teller: Managing transactions with customers through cash registers.
Top Colleges for MCom Admission in India
In India, various colleges and institutions offer MCom degrees. Out of those, below we have listed some of the top colleges in India for MCom admission 2024:
Miranda House |
Stella Maris College
|
Loyola College
|
Madras Christian College
|
Presidency College
|
Kristu Jayanti College
|
Brihan Maharashtra College of Commerce
|
St. Joseph’s College of Commerce
|
Goenka College of Commerce and Business
|
Mount Carmel College
|
Ramjas College |
Hansraj College
|
Hindu College |
Shri Ram College of Commerce (SRCC)
|
Some institutions have two admission sessions. The admissions courses are based on merit, but top colleges require National, State, or institute-level examinations.
- Private colleges: ICSI New Delhi, Igra Institute of Management and Professional Studies, Achieva Educations, School of Distance Education, Bharda Vidyapeeth, and Aryabhatta Degree College, to name a few. Â
- Public Colleges:Â Shri Ram College of Commerce, Miranda House, Loyola College, Hindu College, Ramjas College, etc.
Frequently Asked Questions?
Question 1: How can I prepare for the entrance exam for MCom Admission?
Answer:Â Entrance Exams contain objectives and are 100% Aptitude Based examinations. The M.Com entrance exam comprises Logical reasoning and General Knowledge, English, and Quantitative Aptitude.
Question 2: Does a student have the ability to become a CA after having completed Mcom?
Answer:Â Yes. Students can pursue a CA after completing their M.Com. Actually, one could take it on in tandem with M.Com. No age limit to pursuing a CA.
Question 3: How much is the average cost of MCom Admission 2024?
Answer: The average cost of MCom admission is between INR 11,000 – and INR 45,000, and it can vary from the institution.