Master of Commerce

Master of Commerce (M.Com) is a two-year post-graduate master’s degree. M.Com is an in-depth study of commerce, accounting, management, and economic-related subject. Following are the specialized field in which one can get specialization through M.Com:-
• Accounting
• Actuarial Science
• Business Management
• Corporate Governance
• Economics
• External Economic and Commercial Relations Policy
• Finance / Financial Management
• Human Resource Management
• Information Technology
• International Commercial Arbitration
• Trade Law / International Trade Law
• Marketing
• Risk Management
• Statistics
• Supply Chain Management

Eligibility:-

Minimum eligibility is Bachelor of Commerce (B.Com) from recognized university\college. Apart from this minimum aggregate 50% mark in B. Com is also required, however, it may be less or more than this varies from college to college.

Admission Process:-

Usually on either merit that is marks obtained in B.Com or through an entrance examination conducted by various universities, one can get admission in M.Com.
Following are entrance test conducted my Universities\Colleges for M. Com:-
• Jagannath university entrance examination
• Jain entrance test, Karnataka
• People’s education society scholastic aptitude test, Karnataka
• Osmania university common entrance test, Karnataka
• Allahabad university PGAT, Uttar Pradesh
• Adikavi Nannaya University common entrance test.
• Andhra university common entrance test
• Delhi University M.Com, Delhi
• Christ University.
• Amity University.

Best Colleges:-

• SHRI RAM COLLEGE OF COMMERCE – [SRCC], NEW DELHI
• LOYOLA COLLEGE, CHENNAI
• CHANDIGARH UNIVERSITY – [CU], CHANDIGARH
• HINDU COLLEGE, NEW DELHI
• HANSRAJ COLLEGE – [HRC], NEW DELH
• MADRAS CHRISTIAN COLLEGE – [MCC], CHENNAI
• CHRIST UNIVERSITY, BANGALORE
• NARSEE MONJEE COLLEGE OF COMMERCE AND ECONOMICS, MUMBAI
• RA PODAR COLLEGE OF COMMERCE AND ECONOMICS, MUMBAI
• SYMBIOSIS COLLEGE OF ARTS AND COMMERCE, PUNE
• STELLA MARIS COLLEGE, CHENNAI
• ETHIRAJ COLLEGE FOR WOMEN, CHENNAI
• HR COLLEGE OF COMMERCE AND ECONOMICS, MUMBAI
• ST. JOSEPH’S COLLEGE OF COMMERCE – [SJCC], BANGALORE
• K J SOMAIYA COLLEGE OF ARTS & COMMERCE – [KJSAC], MUMBAI

Syllabus:-

Syllabus of M.Com subject wise which has to be completed in two years:-
• Organisation Theory and Behaviour:-
Organizational Theories and Behavior: Classical, Neo-classical and Contemporary
Authority, Power, Status, Formal and Informal Structure, Flat and Tall structures
The bureaucratization of Organizations, Organizational Behaviour-Concepts, Determinants
Models, Challenges and Opportunities of OB

• Statistical Analysis:-
Probability and Expectation: Approaches to Probability, Addition, Multiplication and Bayes Theorem, Mathematical Expectation
Probability Distribution: Binomial, Poisson, Exponential, Beta, and Normal Distributions
Statistical Decision Theory

• Economic Analysis:-
Firm and its Objectives: Theories of the Firm, Managerial Theories, Behavioural Approaches, Growth Theories, Satisfying Theory, etc. The relevance of Profit Maximization in the Modern Context
• Consumer Behaviour:
Determination of Demand. Type of Goods and the Demand Function, Indifference Curve Analysis, Indifference Preference and Slutsky’s Analysis of Demand, Revealed Preference, Theory of Attributes, Snob Appeal, Bandwagon Effect and the Demand Function, Inter-temporal Demand Function and Demand for Durable Goods

• Financial Management and Policy Financial Management:-
Nature, Objectives and Scope, Financial Decision-Making and Types of Financial Decisions, Role of a Finance Manager in a Firm and Agency Problem, Risk-Return Framework for Financial Decision-Making
Capital Budgeting Decisions: Nature and Kinds of Capital Budgeting Decisions, Techniques of Evaluating Capital Budgeting Decisions, Capital Budgeting Decisions Under Constraints and with Multiple Objectives using Mathematical Programming Models

• Financial Management and Policy Financial Management:-
Nature, Objectives and Scope, Financial Decision-Making and Types of Financial Decisions, Role of a Finance Manager in a Firm and Agency Problem, Risk-Return Framework for Financial Decision-Making
Capital Budgeting Decisions:
Nature and Kinds of Capital Budgeting Decisions, Techniques of Evaluating Capital Budgeting Decisions, Capital Budgeting Decisions Under Constraints and with Multiple Objectives using Mathematical Programming Models

• Managerial Accounting Management Accounting:-
Nature and Functions, Financial vs Management Accounting, Cost vs Management Accounting, Role of Management Accountant,
Cost Concepts and Classifications
Activity-Based Product Costing:
Concept and Uses, Emerging Costing Approaches
Variable and Absorption Costing:
Concept, Comparison, Applications of Variable Costing, Preparation of Income Statement

• Business Environment:-
Basic IS-LM Frame-Work, Asset Markets, Demand for and Supply of Real Balances and Interest Elasticity, Implications of Modified IS and LM Functions on Relative Efficacy of Fiscal and Monetary Policies. Short and Long-Run Aggregate Supply and Shifts in Aggregate Supply, Aggregate Demand, Aggregate Supply and Price Level, Interaction of Aggregate Demand and Aggregate Supply and Determination of Real Income, Shifts in Aggregate Demand and Demand Management Policies
Exchange Rate Regimes, Foreign Exchange Markets, Asset Choices in an Open Economy and Capital Flows, Trade Flows, External Balances, IS-LM-BOP Curve Analysis and Implications for Policy Choices
Expectations and Economic Behavior

• Quantitative Techniques for Business Decisions:-
Introduction:
Quantitative Approach to Management Decision Making
Linear Programming
Transportation:
Solving the Problem, Testing Optimality MODI Method
Integer Programming: Problem Formulation and Solution

• Marketing Management:-
Introduction: Traditional View of Marketing, Evolution of Marketing Concept, Modern Concept of Marketing, Marketing Functions and Role, Marketing Management Process-A strategic perspective
Marketing Environment
Buyer behavior

• Strategic Management:-
Introduction: Concept and Role of Corporate Strategy, Levels of Strategy, Basic Model of Strategic Management
Strategic Analysis:
Analysis of Broad Environment- Environmental Profile, Constructing Scenarios
Strategic Choice
Strategic Implementation

• Accounting Theory and Practice:-
Accounting Theory: Nature and Scope, Accounting methodology, Different approaches to theory construction.
Conceptual Framework of Financial Accounting and Reporting
Issues in accounting standard-setting. Accounting standards in India. Income concepts for financial reporting

• International Business:-
International Business: Importance, Nature and Scope, Modes of Entry into International Business, Management of International Business Operations – Complexities and Issues, IT and International Business, India’s Involvement in International Business
Theoretical Foundations of International Trade:
Reasons for International Trade, Theories of International Trade, Gains from Trade, Foreign Trade Multiplier, Terms of Trade

• Human Resource Management:-
Nature of Human Resource Management, Concepts, Functions, Themes and Controversies
HRM, Job Analysis and Job Design
Business Strategy and Human Resource Strategy

Career Prospects:-

In-depth study of commerce, finance, management, accounting, economics, and other related areas makes the students skilled and knowledgeable enough to do any lucrative occupation in the above-mentioned field. Following are the fields in which one can work after pursuing M. Com:-
• Accountant/Senior Accountant
• Finance Executive
• Assistant Manager
• Cashier/Teller
• Chartered Accountant
• Bank Manager
• Business Analyst
• Securities Analyst
• Share Broker
• Wealth Manager
• Trader
• Teacher
• Researcher
• Auditor
• Finance Manager
• Financial Analyst
• Accounts Executive
• Cost Accountant
• Company Secretary
• Risk Analyst
• Marketing Manager
• Investment Banker
• Bank Executive
• Market Analyst
• Entrepreneur
• Lecturer
• Finance Consultant
• Insurance Agent