About the course
M.Com (Master of Commerce) in Banking and Finance is a 2-year postgraduate level Banking course. It is the study of the conception of Banking, Finance and Financial Management, and Banking Law.
The prospective candidates must have a bachelor’s degree in commerce stream with the same subjects and the minimum required score is 45% to 50%. The admission process is dependent on the candidate’s performance in bachelor’s degree and some institutes may conduct entrance exams for admission.
This course prepares students for professional competency in banking and finance and provides a solid foundation in the field of banking and insurance, making it easy to achieve leadership/managerial roles in both banking and finance.
Candidates are also able to take their jobs in employment sectors like credit companies, banks, the Indian economy, consulting, business schools, etc.
For the duration of 2 years, the average fees of this course are charged between INR 90 thousand to 6 lakh.
The applicants can also apply for the UGC-NET or JRF exam upon completion of the program.
Eligibility
- The eligibility criteria for this course is the completion of B.Com or Graduate (Hons) in Economics and Management as their major discipline with a minimum 45-50% aggregate score obtained in the examination.
- You must have completed a Bachelor’s degree (preferably B.Com, B.B.A, B.M.S., or equivalent) from a recognized university or institution.
- Personal Interview or Group Discussion (GD): Some institutions may conduct an interview or group discussion as part of the admission process after the entrance exam. This helps assess the candidate's knowledge, skills, and fit for the course.
Why to study MCom Banking and Finance
- Endless Career Options: A career in this field provides candidates the foundation for a wide range of careers in banking, insurance, broking, and fund management. The candidate will be able to work with the corporate, in the financial markets, or with the government. This course provides professional training and development.
- Salary and Benefit: The banking and finance sector allows you to enjoy a strong salary proposition as well as other incentives such as insurance, discounted travel, meals, and private healthcare.
- International Travel and Working Abroad: After being professional in this course can take you to work in the financial centre of another continent. Candidates will be able to work in international spheres, globalization, foreign insurance, and foreign banks.
- Enhanced Capabilities: After doing Bachelor’s and masters in banking and finance will increase the candidate’s knowledge in the banking sector and will make a favourable CV in front of recruiters.
Scope of MCom Banking and Finance
- The scope of M.Com in Banking and Finance is quite promising due to the growing demand for professionals in the financial and banking sectors. This specialization equips students with the skills and knowledge necessary to succeed in roles within banking, finance, and related industries. Here are some key aspects of the scope of M.Com in Banking and Finance
- High Demand in Financial Sectors:The banking and finance industry is a critical part of the global economy, and its growth ensures a constant demand for qualified professionals. With the rise of digital banking, financial technology (FinTech), and global financial markets, M.Com graduates specializing in Banking and Finance can find numerous opportunities in both traditional banking and innovative financial services.
- Scope in the Digital and FinTech Industry:The FinTech (Financial Technology) sector is rapidly growing, with numerous opportunities for professionals who have a strong understanding of finance and banking. As more financial services move online (through digital payments, online lending, blockchain, and cryptocurrencies), M.Com graduates with knowledge of digital banking, blockchain, and financial software will have an edge in the job market.
- International Opportunities:An M.Com in Banking and Finance opens doors not only in India but also abroad. With the global nature of finance and banking, many international organizations and financial institutions seek individuals with expertise in international finance, banking regulations, and investment strategies.
Top 10 colleges in India
| S.NO | NAME OF THE COLLEGE | AVERAGE PACKAGE | NO OF SEATS | PLACE |
|---|---|---|---|---|
| 1 | University of Delhi (DU) | RS.4-6 LPA avg | 30-60 approx | Delhi |
| 2 | Banaras Hindu University (BHU) | Rs.7-12 LPA avg | 60-80 approx | Varanasi |
| 3 | University of Mumbai | Rs.3.5-5 LPA avg | 50-100 approx | Mumbai |
| 4 | Panjab University | Rs.6-8 LPA avg | 30-50 approx | Chandigarh |
| 5 | Aligarh Muslim University (AMU) | Rs.4-5 LPA avg | 40-60 approx | Aligarh |
| 6 | Calcutta University | Rs.6-8 LPA avg | 40-70 approx | kolkata |
| 7 | Jamia Millia Islamia (JMI) | Rs.4-12 LPA avg | 30-50 approx | New Delhi |
| 8 | University of Rajasthan | Rs.3-8 LPA avg | 50-70 approx | Jaipur |
| 9 | Dr. Bhim Rao Ambedkar University | Rs.3-5 LPA avg | 30-50 approx | Agra |
| 10 | University of Madras | Rs.6-8 LPA avg | 40-60 approx | Chennai |
Syllabus of the Course
YEAR 1
| SEM 1 | SEM 2 |
|---|---|
| Banking Law & Practice | Financial Services |
| Business Policy & Strategic Management | Foreign Exchange |
| Commercial Bank Management | Forex Management |
| Direct & Indirect Taxes | Financial Management |
| Economics of Global Trade and Finance | Financial Markets and Institutions |
| Financial Markets in India | International Financial Management |
YEAR 2
| SEM 3 | SEM 4 |
|---|---|
| Investment Management | Marketing of Financial Services |
| International Banking & Finance | Modern Banking Theory, Law & Practice |
| Managerial Finance | Principles of Personal Finance |
| Management Concepts | Quantitative Techniques for Finance |
| Management of Financial Services | Project Finance |
| Management Information Systems | Research Methodology |
Fees Structure
| TYPE OF QUOTA | AVERAGE FEES PER YEAR |
|---|---|
| Government Quota | RS.10,000 - 40,000 approx |
| Management Quota | Rs.50,000 - 2,00,000 approx |
Job Roles
- Risk Analyst:A risk analyst identifies, evaluates, and monitors the amount of risk faced by the organization.
- Sales Officer:Sales executives are those who work with companies’ sales teams to determine the best strategy for increasing customer purchases.
- Loan Counsellor:A loan counsellor helps an interested client or borrower to find the best loan scheme for their needs.
- Treasurer:A treasurer is responsible for running the treasury of an organization including cash and liquidity management, corporate finance, and risk management.
- Market Analyst:Market Analyst helps companies determine which products are in demand, who will buy the product, and the price they are willing to pay.