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Jagpreet
17 August, 2024
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M.Com stands for Master of Commerce. It is a postgraduate degree in the subject of Commerce. Here are its components:
Business Studies
Accountancy
Economics
Below is a list of the compulsory subjects that are a part of the curriculum of the online M.Com programme:
| Accounting and Managerial Decisions | Business Environment |
| Strategic Management | Management Concepts and Organisational Behaviour |
| Marketing Behaviour | Financial Management |
| E-commerce | Corporate Finance Accounting |
| Corporate Legal Environment | Computer Applications in Business |
| Statistical Analysis | Economics of Global Trade and Finance |
| Managerial Economics | Corporate Tax Planning |
Accounting and Managerial Decisions: The course emphasises how managers use accounting to make decisions that affect the growth of the business. This is a crucial part of the analysis of financial statements, maintaining a budget, managing costs, and overseeing the entire financial performance.
Business Environment: This subject particularly focuses on factors such as the economic scenario, political highs and lows, legalities, social world, and technological advancements. These factors and their interplay also affect the performance of the business and are therefore crucial to examine.
Strategic Management: It is necessary to devise long-term strategies to secure the business. Therefore, the entire process of formulation, implementation and evaluation of the business strategies is supervised to ensure that the resources are allocated accordingly, and the goals are set for the employees to follow.
Management Concepts and Organisational Behaviour: Management of an organisation largely determines its future and is generally as huge task to undertake. For this to be effectively carried out, there needs to be coordination, leadership, motivation and an amiable relationship within the organisation that keeps it together.
Marketing Behaviour: Marketing is responsible to a significant extent for the wide reach of a business. This subject focuses on market research for understanding consumer behaviour, making decisions according to the popular choices among consumers and devising appropriate strategies for the business to increase its publicity.
Financial Management: The management of financial resources determines its future position in the market. Therefore, the subject is crucial in teaching topics such as capital management, financial decision-making, financial risk and its management and also an in-depth analysis of the investments the business makes.
E-Commerce: E-commerce focuses on the digital presence of the business through digital marketing, online selling, electronic payment systems and cybersecurity of the business. This also includes training ht students with the necessary skills to manage the E-commerce platforms.
Corporate Finance Accounting: This subject focuses on financial statement and their preparation, mergers and acquisitions and the dividend policy along with some other crucial topics related to the finance management of the company.
Corporate Legal Environment: This subject focuses on the legal framework that is required within the business and its operations. It also includes essential topics like contract law, corporate governance and intellectual property.
Computer Applications in Busines: This introduces topics related to the technological aspects of a business. It focuses on software applications, data management, and information systems.
Statistical Analysis: This subject teaches the students the usage of tools that help analyse the data and draw interpretations from it for the necessary decisions that businesses need to make. This subject focuses on the statistical methods, that help make decisions on the basis of the data.
Economics of Global Trade and Finance: This subject focuses on exchange rates, balance of payments, trade theories and international monetary system- the entire micro and macroeconomics of the business.
Managerial Economics: This subject includes topics like pricing, market and its analysis, demand and supply chain analysis, and cost functions.
Corporate Tax Planning: This subject focuses on the strategies that the business uses that help minimise the tax liabilities and also ensure that the business follows the tax laws. Tax regulations, incentives, tax-efficient business strategies and other business-related structures are a part of this subject.
| Banking and Finance | Financial Bank Management |
| Research Methodology in Commerce | Financial Markets |
| Investment Management | Entrepreneurial Management |
| Income Tax | Human Resource Management |
| International Finance | Commercial Bank Management |
Banking and Finance: The subject includes topics that are concerned with finance management and the detailed analysis of the banking industry such as understanding banking operations and financial management.
Financial Bank Management: Financial Bank Management includes topics such as risk management, financial statements and their analysis and bank performance metrics.
Research Methodology in Commerce: This subject focuses on the processes involved while conducting research in the field of commerce such as the identification of a problem, collection of data and complete analysis to make infrared decisions for the business.
Financial Markets: This subject particularly emphasises the study of the financial markets, such as the stock exchange, bonds, and the share market analysis.
Investment Management: This subject focuses on the strategies and techniques that are devised to manage the entire investment portfolio of the business. This includes topics such as allocating resources, assessing the risks involved from time to time and overseeing the company’s performance.
Entrepreneurial Management: This is a subject that focuses on the practices of entrepreneurship such as the brainstorming of ideas and start-up financing, venture growth and the challenges that a business faces.
Income Tax: This subject includes the most important elements of taxation, such as tax laws, tax planning and compliance.
Human Resource Management: Human resource management is the subject that focuses on the strategies and practices that are a part of the organisation’s human capital.
International Finance: International finance is a crucial subject that focuses on the overall financial management in the domestic as well as international perspective. This includes the study of foreign exchange markets, international financial systems and investment.
Commercial Bank Management: Commercial bank management focuses on the operations and the management of commercial banks and topics such as bank regulations, management of the risks involved and the assets and liabilities of the business.
Flexibility: An online M.Com offers a versatile curriculum that opens several career avenues. It enables you to explore diverse opportunities in the commerce and management industries. The distance or the online mode of such courses makes this even more convenient, allowing you to study at your own speed and timeline. You can easily balance your work and personal life commitments without hassle with an Online M.Com.
Cost-Effective: Even though the courses of Online M.Com offered by these colleges are not too expensive, there are certain other miscellaneous expenses that can be avoided by studying at a distance or in an online mode. This makes the programme highly cost-effective and you also save on your time and energy.
Ease & Accessibility: Commerce can be slightly tricky given the sub-topics it includes. You need time to understand and grasp the course content as a fresher. Therefore, it is necessary to manage your time efficiently. A course pursued online can help you save time, optimise accessibility to the required material, and make it easy to learn the concepts. The additional travel time can be utilised here.
Variety: Once you embark on this journey, you can also find other commerce-related courses that you can pursue in a short period to enhance your skills. This will allow you to study and explore beyond the curriculum.
Given here are the career prospects after completing an online M.Com. However, these salary figures are subject to change and also depend on other factors such as job role, responsibilities, location of the recruiter, etc.
| Job profiles | Salary Figures(Per Annum) |
| Accountant | ₹ 3.3 LPA |
| Financial Analyst | ₹ 1.9 LPA to ₹ 18.0 LPA |
| Tax Consultant | ₹ 1.5 LPA to ₹ 11.0 LPA |
| Auditor | ₹ 0.3 LPA to ₹ 8.0 LPA |
| Investment Banker | ₹ 2.0 LPA to ₹ 55.0 LPA |
| Corporate Financial Advisor | ₹ 1.2 LPA to ₹ 8.6 LPA |
Here are the details of the colleges which are recognised for their online and distance M.Com course. They are listed in the order of their NIRF Ranking along with the other details.
Manipal University is one of the most versatile universities for offering a wide variety of programmes in the online as well as offline mode. It offers multiple programmes from the undergraduate and postgraduate categories such as management, science, commerce, literature and much more.
| Location | Karnataka |
| Established | 1999 |
| Type | Private |
| Fee | INR 1,08,000 (full course fee) |
| Eligibility | Bachelor’s degree (Commerce or Management or Economics or Accounts or Math/Economics as one of the subjects/ courses) or equivalent |
| Accreditations | UGC- DEB entitled degree from a NAAC A++ accredited university NIRF 16 |
| Placements | • E&Y • Coffee Day Beverages • Federal Bank • Preethi Appliances • Karvy Stock Broking |
Chandigarh University is a private university that is well-known for its academic curriculum that appropriately caters its students the industry-based knowledge and trends along with well-designed undergraduate and postgraduate courses.
| Location | Chaheru, Phagwara, Punjab. |
| Established | 2012 |
| Type | Private |
| Fee | INR 22,750 Per Semester |
| Eligibility | Bachelor’s degree in Commerce or its equivalent from a recognised University/ Institution |
| Accreditations | UGC- DEB entitled degree, NAAC A+, Accredited by ACCA NIRF Ranking- 27 |
| Placements | • Google • Amazon • Microsoft • Mahindra |
Lovely Professional University is one of the most widely recognised private universities in India. It has an excellent campus life and offers multiple academic and extra-curricular opportunities to its students. It focuses on global exposure and experience-based learning to enhance its students’ learning experience.
| Location | Delhi |
| Established | 2005 |
| Type | Private |
| Fee | INR 38,000 (full course fee) |
| Eligibility | Bachelor’s degree (Commerce or Management or Economics or Accounts or Math/Economics as one of the subjects/ courses) or equivalent |
| Accreditations | NAAC A++ NIRF Ranking 46 UGC-DEB |
| Placements | • Wipro • LIC • TATA Sky • HDFC • Reliance |
Jain University in Bangalore is widely recognised for its interdisciplinary approach. It provides a variety or programmes in the online as well as offline mode across subjects like science, commerce, and business administration and offers a numerous amount of specialisations.
| Location | Bengaluru |
| Established | 1990 |
| Type | Private |
| Fee | INR 26,250 to 55,000 Per Semester |
| Eligibility | A Degree from a recognised University with a minimum of 50% of total marks obtained (45% for SC/ST) in the cognate/related subjects in the entire degree course. |
| Accreditations | NAAC A++ NIRF Ranking 68 UGC |
| Placements | • Honeywell • ICICI • HDFC • Flipkart |
Indira Gandhi National Open University popularly known as IGNOU is one of the largest open universities in the world that offers flexible online and distance learning programmes at a very reasonable fee across India and internationally.
| Location | Bengaluru, Delhi, Kolkata, Chennai |
| Established | 1985 |
| Type | Open University, Government |
| Fee | INR 4,050 Per Semester |
| Eligibility |
The eligibility criteria for the IGNOU Distance M.Com course require a Bachelor’s degree in any discipline from a recognised university with a minimum of 50% marks in the bachelor’s degree (45% for reserved categories). There is no entrance exam for the IGNOU Distance MCom course. Admissions are based on merit, as determined by the marks obtained in the bachelor’s degree. |
| Accreditations | NAAC A++ NIRF Ranking 71 UGC-DEB MHRD Approved |
| Placements | • HDFC Bank • ICICI Bank • Ernst & Young (EY) • Deloitte • KPMG |
The salary depends on various factors. However, generally, the position of a finance director is one of the most well-paying jobs. It offers a pay of 30 LPA.
In general, yes, you can pursue an M.Com (Master of Commerce) without having a B.Com (Bachelor of Commerce) degree prior. However, it is recommended you pursue a B.Com degree before an M.Com degree to get more acquainted with the subjects.
Accountancy is generally considered one of the toughest. However, with the right guidance and practice, you will not find the subject difficult.
Here are the top five careers after M.Com:
Financial Analyst
Tax Consultant
Investment Banker
Corporate Financial Advisor
Auditor
