Brief description about Commerce
Commerce is the conduct of trade among economic agents. Generally, commerce refers to the exchange of goods, services or something of value between businesses or entities. From a broad perspective, nations are concerned with managing commerce in a way that enhances the well-being of citizens, by providing and producing beneficial goods and services.
Generally, commerce is the exchange of goods or services for money or in kind, usually on a scale large enough to require transportation from place to place or across city, state or national boundaries.
Few lines about M.Com
M.Com is a 2- years post graduate course that is divided into 4-semesters. The course mainly includes thesis-based components and there may be some research-based elements. The course prepares the students for a career in the finance and corporate sector. The course also builds an in-depth knowledge about various commerce and trade practices.
Eligibility for M.Com
The students who have passed their undergraduate degree in B.Com/BBM/BBA with 50% aggregate from recognised university are eligible to apply for M.Com course.
Admission Procedures
The students with relevant degrees can get admission to M.Com course by two modes of admission. The first one is merit admissions and 2nd one is direct admissions.
1. Merit Admissions
There are certain government registered bodies that conduct entrance exams for M.Com students. There are also certain top institutes that conduct entrance exams for students and offer admissions to M.Com. The students who are confident about their capabilities can apply to these entrance exams and clear them with high marks. This mode of admission is called a merit admissions procedure. The probability of getting merit seats is very less due to increased competition for available limited seats in colleges and universities. So, admission is not guaranteed under merit admission procedure. The fees are also reasonable for merit admissions.
2. Direct Admissions
The students are also having another mode of admission that is called direct admissions. Under this process the students can get admissions to M.Com through direct mode under management quota. The main advantage of this mode is that the students can get their seats confirmed without any entrance exams. The students under direct admissions are given special privileges and are exempted from appearing for any entrance exams. Another, important thing in direct admission is that the students can book and confirm their seats even before the commencement of the academic year in their desired colleges. The interested students can contact the government registered educational advisory centres like Galaxy Educational Services and get their seats confirmed through direct admission procedures.
Course Curriculum
The students of M.Com will be studying the following subjects during their course duration
| Sl.No | Subjects of Study |
|---|---|
| 1 | Organisation Theory and Behaviour |
| 2 | Economic Analysis |
| 3 | Financial Management and Policy |
| 4 | Managerial Accounting |
| 5 | Business Environment and Business Decisions |
| 6 | Marketing Management |
| 7 | Accounting Theory and Practice |
| 8 | Security Analysis and Portfolio Management |
| 9 | Corporate Tax Planning |
| 10 | Corporate Financial Accounting |
| 11 | E-Commerce |
| 12 | Economics of Global Trade and Finance |
| 13 | Financial Management |
| 14 | Management Concepts and Organisational Behaviour |
| 15 | Managerial Economics |
| 16 | Statistical Analysis |
| 17 | Strategic Management |
| 18 | Banking & Finance |
| 19 | Commercial Bank Management |
| 20 | Financial Bank Management |
| 21 | Entrepreneurial Management |
| 22 | Financial Markets |
| 23 | International Finance |
| 24 | Investment Management |
| 25 | Research Methodology in Commerce |
Career and Scope
The M.Com students enjoy a large variety of lucrative job opportunities in a variety of areas with high employment scope. They are hired in the organisations of the economic sector like banks financial institutions. The students interested in research can join a PhD course to take up research in commerce.
Job Roles available after M.Com
Some of the important job roles available after M.Com are:
- Investments Analyst
- Accounts Assistant
- Investment Banker
- Market Analyst
- Accountant
- Marketing Manager
- Operations Manager
- Corporate Analyst
Salary and Emoluments
The fresh M.Com graduates will be earning around 4 lakhs to 6 lakhs per annum. The experienced professionals will be earning around 6 lakhs to 8 lakhs per annum. The salary depends upon location and recruiter.
Top Organisations hiring M.Com students
Some of the top organisations hiring M.Com students are:
- Accenture
- Capgemini
- JP Morgan Chase
- Fidelity Solutions
- Ernst & Young
- Kotak Mahindra Bank
- Genpact
Final Words
The demand for M.Com students has increased day by day. The last decade saw a steep increase in demand for M.Com students. The skilled commerce professionals will be paid decently and are also given excellent career growth opportunities. The eligible students interested in the commerce field can join M.Com after their degree.