About the course
Master of Commerce in Finance and Controls, also known as MCom Finance and Controls is a 2-year postgraduate course in the field of Finance and Commerce. The course is divided into 4 semesters. It basically discusses important topics related to management and control of all the financial operations in an organisation.
The admission process to the MCom course varies from university to university and can be either merit-based or entrance based. The entrance exams for this course are conducted by the universities themselves.
Some subjects taught during the program are: Economic Analysis and Decision Making, Accounting for Managerial Decision, Financial Accounting, Risk & Insurance Management, Quantitative Techniques for Management, Investment Analysis & Equity Research, Marketing management, Merchant Banking & Financial Services, Financial Management, International business and more. Colleges offer their own electives from which the students can choose from.
Apart from these financial topics, the course also covers several important management related topics in detail. The subjects taught include Marketing Management, Retail Management, Small Business Management, Entrepreneurship Management, and many others.
Overall, this course will not only impart enough knowledge to make students capable of all the financial operations of an organisation, but it will also make students capable enough to take important financial decisions and manage their implementation.
Eligibility
- The candidates must score well above 65% to 70% marks in graduation to secure their seats in the top colleges. They will need around 60% marks for getting a medium level college.
- This course requires high management and communication skills along with sound financial handling. So, the candidates will be tested on the basis of these skills during the personal interview and document verification round.
- Fill the application form carefully, so that it does not have any errors. Errors in the application may lead to the cancellation of the candidature.
- Candidates with letters of recommendation will get preferences, however, it is not compulsory.
- Generally, there is no upper age limit for applying to MCom Finance and Control, though some universities may have specific criteria or restrictions.
Why to study MCom Finance and Controls
- The candidates completing this course will get respectable job profiles in established financial institutions.
- They will have job opportunities in both Government and Private sector organisations. Also, finance managers are recruited in all the sectors like IT, Industry, Corporate and many other sectors. So, it is not compulsory to work only in the financial sector.
- The candidates are offered a very high salary which ranges from INR 8,00,000 to 15,00,000 or even higher. This is considerably higher than in many other courses.
- The candidates will get many managerial jobs even if they don't complete an MBA. Thus, this course has similar job opportunities to MBA, though the fees for this course is considerably lesser than the MBA courses.
- The candidates will get multiple opportunities to work and collaborate with international organisations and they can even go to work and study abroad.
Scope of MCom Finance and Controls
- The candidates who wish to get better job opportunities in future should definitely go for MBA courses. Many relevant courses like MBA in Finance, MBA in Operations, etc are available for these candidates.
- The candidates will have to qualify in MBA Entrance Exams like CAT, MAT, CMAT, etc to get admission in the MBA courses. These courses will help them to get very good salary packages in future.
- The candidates can also apply for various government service exams in the financial and banking sectors to get jobs as Provisionary Officers and Managers in Banks.
- The scope of MCom (Finance and Control) is broad, offering opportunities in various sectors and roles within the finance industry. Given its focus on advanced financial concepts, accounting, and control mechanisms, graduates can pursue careers in both traditional and emerging fields.
- Finance and Accounting: With businesses becoming increasingly complex and global, there is a growing demand for skilled financial professionals to help manage financial risks, optimize investments, and ensure legal compliance.
Top 10 colleges in India
| S.NO | NAME OF THE COLLEGE | AVERAGE PACKAGE | NO OF SEATS | PLACE |
|---|---|---|---|---|
| 1 | Shri Ram college of commerce | RS.8.63 LPA avg | 44 approx | New Delhi |
| 2 | Hansraj College | Rs.8.2 LPA avg | 36 approx | Delhi |
| 3 | Kishinchand Chellaram College | Rs.3-5.50 LPA avg | 60 approx | Mumbai, Maharashtra |
| 4 | Christ University | Rs.5.16-8 LPA avg | 180 approx | Bengaluru, Karnataka |
| 5 | Mithibai College | Rs.4.72 LPA avg | 60 approx | Mumbai |
| 6 | Loyola College | Rs.4-6 LPA avg | 40-70 approx | Chennia,Tamilnadu |
| 7 | St. Xavier's College | Rs.4.70 LPA avg | 60 approx | Mumbai |
| 8 | Madras Christian College | Rs.3.5-7 LPA avg | 20-40 approx | Chennai,Tamilnadu |
| 9 | University of Delhi | Rs.4.70-6 LPA avg | 20-30 approx | Delhi |
| 10 | Assam Don Bosco University | Rs.1.9-3 LPA avg | 40-60 approx | Assam |
Syllabus of the Course
YEAR 1
| SEM 1 | SEM 2 |
|---|---|
| Management Concepts | Management of Financial Institutions |
| Economic Analysis and Decision Making | Accounting for Managerial Decision |
| Financial Accounting | Risk & Insurance Management |
| Quantitative Techniques for Management | Investment Analysis & Equity Research |
| Marketing management | Merchant Banking & Financial Services |
| Financial Management | International business |
| Business & financial environment | Mutual Fund & Portfolio Management |
| Financial Markets & Instruments | Research Methodology & Business Communication |
YEAR 2
| SEM 3 | SEM 4 |
|---|---|
| Financial derivatives & Risk Management | Strategic Financial Management |
| International Finance | Corporate governance & Business Ethics |
| IT for Managers | Commodity Markets & Futures |
| Strategic Management | Retail Management |
| Tax planning & Management | Business & Corporate Law |
| Service Marketing | Accounting Standards & Small Business Management |
| Corporate Re-structuring & Financial Engineering | M Entrepreneurship & Small Business Management |
| Training Projects | Project & Viva voice |
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
- Financial Controller:Financial Controllers control and keep track of all the financial transactions. They also see the overall financial aspect of the organisation.
- Financial Manager:Finance Managers manage the finances of a company. This includes releasing finances to employees, keep a record of credits and debits, etc.
- Assistant Controller of Finances:Assistant Controller of Finances assists the controller of finances in keeping a track of all the financial transactions of a company.
- Finance Director:Financial Directors are board members who decide and foresee the financial decisions and financial situations of the organisation.