About the course
MCom Accounting and Finance is a 2 year PG program in the field of commerce. It is an advanced level of systematic study that is focused on finance and accounting topics.
An interested candidate can apply for this program after the successful completion of B.Com, BBA, or BCA. However, a candidate needs to score the required percentage or grade to seek admission to their desired college.
For admission, there are two types of processes to get enrolled in the MCom Accounting and Finance program, merit/entrance based. Some universities enroll the students based on merit scores, and some of them conduct the entrance exam for enrollment.
Some of the topic studies throughout the course are financial planning, economic theory, and knowledge about banking systems and policies.
Students also study Business and trades in terms of accounting, characteristics of policies and their involvement.After completing MCom Accounting and Finance, graduates can take up roles like accountant, sales analyst, marketing analyst, sales manager, assistant finance accountant, etc. The average salary offered to the freshers ranges between CTC INR 2.5 lacs to 3 lacs. The recruiting companies in this field of work are HCL, ICICI Bank, Bharti Airtel, Amazon, Jio, etc
Eligibility
- A student has to pass the graduation exam with a minimum of 50% of marks..
- A student has to pass the graduation course from a central/state/private/deemed-to-be university.
- A student must have completed their graduation course in B.Com, BCA, BBA, B.Com(Hons.), or B.Com (Economics).
- Students who belong to the reserved category have been given some relaxation in the eligibility criteria.
- Certain universities or colleges may conduct an entrance exam for MCom admission. Some popular exams include:
Why to study MCom Accounting and Finance
- A person who opts for Master's course in Commerce with Finance and Marketing may pursue higher education like P.hD. or M.Phill after the completion of M.Com.
- After the successful completion of Masters in Commerce, a person can apply for UGC-NET or JRF to build a career in research.
- A person will be able to apply for a higher position in teaching jobs after completing Masters in Commerce.
- A Master's degree in Commerce will prepare the student in the field of finance and accounting and provides a strong and professional background in the finance sector.
- A Master's degree in Commerce will allow an individual to work in a government as well as in a private sector firm.
Scope of MCom Accounting and Finance
- Graduates can further pursue a higher level of education like MBA, CA, CFA, etc., and research field. They can also apply for the UGC-NET/JRF for pursuing a PhD in the field of commerce and accounts.
- After completing MCom Accounting and Finance, a candidate has better job prospects and lands in the job profile like assistant accounts manager, accounts analyst, finance consultant, marketing analyst, cost accountant, bank manager PA, etc.
- The scope of MCom in Accounting and Finance is broad and dynamic. Graduates can build successful careers in various sectors and roles that require expertise in finance, accounting, and business strategy. With further qualifications or experience, there are many opportunities for career advancement and specialization.
Top 10 colleges in India
| S.NO | NAME OF THE COLLEGE | AVERAGE PACKAGE | NO OF SEATS | PLACE |
|---|---|---|---|---|
| 1 | Delhi School of Economics (DSE) | RS.6-10 LPA avg | 90-120 seats | Delhi |
| 2 | Banaras Hindu University (BHU) | Rs.5-8LPA avg | 60-100 approx | Varanasi, Uttar Pradesh |
| 3 | University of Calcutta | Rs.4-7 LPA avg | 50-80 approx | kolkatta,West Bengal |
| 4 | University of Mumbai | Rs.5-8 LPA avg | 120-150 approx | Mumbai,Maharashtra |
| 5 | Jamia Millia Islamia (JMI) | Rs.5-9 LPA avg | 60-80 approx | New Delhi |
| 6 | Aligarh Muslim University (AMU) | Rs.4-6 LPA avg | 50-60 approx | Aligarh, Uttar Pradesh |
| 7 | Madras School of Economics (MSE) | Rs.5-7LPA avg | 50-70 approx | Chennai,Tamilnadu |
| 8 | Gujarat University | Rs.4-7 LPA avg | 100-150 approx | Ahmedabad, Gujarat |
| 9 | University of Rajasthan | Rs.4-6 LPA avg | 100-120 approx | Jaipur, Rajasthan |
| 10 | Savitribai Phule Pune University | Rs.5-8 LPA avg | 100-150 approx | Pune, Maharashtra |
Syllabus of the Course
| YEAR 1 | YEAR 2 |
|---|---|
| Indirect Taxation | Management Accounting |
| Insurance and risk management | Managerial Finance |
| International Financial Management | Modern Banking |
| Business Environment | E-Commerce |
| Computer Applications in Business | Economics of Global Trade and Finance |
| Corporate Legal Environment | Corporate Financial Accounting |
Fees Structure
| TYPE OF QUOTA | AVERAGE FEES PER YEAR |
|---|---|
| Government Quota | RS.15,000 - ₹50,000 approx |
| Management Quota | Rs.₹70,000 - ₹3,00,000 approx |
Job Roles
- Account Assistant: This includes maintaining ledgers, assisting customers, preparing and distributing checks, and basic bookkeeping work.
- Marketing Manager:They are responsible for developing, implementing, and executing the marketing plans of the organization.
- Business Consultant:Their role is to analyze the market, product lines, and the overall profitability of the business.
- Finance Consultant:They help their clients in meeting their short and long-term goals by advising them on tax planning, investment and retirement planning, and others.
- Stock Broker:Stock Brokers usually deals with stocks and performs financial services for the company.