MCom Banking is a 2-year postgraduate course. It deals with the study and analysis of banking, finance, banking laws and financial management. The candidate must have an undergraduate degree in any related stream (preferably commerce or economics) with a minimum of 45% to 50% as a basic eligibility criterion. Some colleges may require the candidates to write an entrance exam or attend group discussions or personal interviews.
Some Top MCom Colleges in India offering MCom Banking are Shri Ram College of Commerce, Loyola College, St. Joseph’s College of Commerce, Hans Raj College, Indian Institute of Management and Commerce, Christ University and more. The average fees for the course range from INR 2 lakhs to INR 5 lakhs.
Graduates can find work in banking sectors, credit companies, business schools, Indian economic services, consultancies and others. The average starting salary for graduates is INR 15,000 to INR 3 lakhs.
3.1 Eligibility
3.2 Admission
3.3 Entrance Exam
3.4 Important dates
MCom Banking Quick Facts
- MCom Banking is a postgraduate course that can be pursued after getting a degree in Commerce stream from a recognised institution.
- The stipulated time to complete the course is 2 years and is distributed in 8 semesters with a duration of 6 months for each semester.
- Basic eligibility depends on the performance of the candidate in a relevant qualifying examination at a degree level. The admission process can also take place through scores obtained in entrance exams (if any) depending on the college which conducts it.
- The exam is conducted annually and demands a minimum score of 50-55% in a candidate’s academic performance.
- The average fees charged for a degree in M.Com banking is between INR 9K to 6L and varies from college to college.
- The degree can be pursued by both normal as well as correspondence mode as prescribed by respective colleges.
- The average salary for an MCom graduate is INR 25,000 to INR 60,000. The various job posts offered to the graduates are corporate analyst, financial analyst, investment banker, stock analyst, loan officer to name a few.
| Course Level | Postgraduate |
| Duration | 2 years |
| Examination Type | Semester |
| Eligibility | BCom or graduation (Hons) in Economics or Management |
| Admission Process | Entrance-based/ Merit-based |
| Course Fee | Between INR 2 lakhs to 5 lakhs |
| Average Salary | Rs.15000 to 3 lakhs |
| Recruiting Sectors | Banking sectors, Credit Companies, Economic Services/ consultancies |
| Job Positions | Business Analyst, Marketing Executive, Credit and Risk manager, etc. |
About MCom Banking
MCom in Banking is a postgraduate course that covers all the significant and real-world applications involved in the day to day activities of banking. It includes the study and analysis of these subjects: banking, finance, banking laws and financial management.
The aspirants learn to acquire a skill set to assist in the smooth functioning of activities by a bank, non-profit organization, public agencies, consultancies or any other notable industries in the financial field. The study incorporates both practical as well as theoretical aspects in areas of banking, taxation, micro-finance, stock market, auditing, investments and corporate governance.
Why study MCom Banking?
- Professional Knowledge: The course helps in imparting a professional knack in students in areas such as banking, finance, investments and economy.
- Diverse Opportunities: Successful completion of this degree might fetch the students an opportunity to work under top-notch Banks, Business Schools, Economic Services, Mortgage Companies, Credit companies, Consultancies, Investments, Savings and Loan associations across any region in India. Candidates might get opportunities from the various government as well as private sector firms.
- Competitive Salary: Depending on the expertise, experience and application skills, a candidate can get an average monthly salary in the range of INR 25K to 60K.
- Further Education: Candidates who have studied BCom can attend the course to increase their involvement and learn more about the subject.
MCom Banking Admission Process
MCom Banking Eligibility
The following eligibility criterias must be met by a student who aspires to fulfil M.Com in Banking:
- The candidate must have completed their graduation degree in Commerce stream from a recognised Board/University/Institution. This implies that the candidate must have completed either BCom/BBA and must have an aggregate of 50-55% in their Boards or any equivalent examination conducted by their respective Universities.
- A relaxation of 5% will be allowed for candidates belonging to SC/ST or minorities as prescribed by the college a candidate applies for.
- Commerce or any of its disciplines along with Accounts, Mathematics and Economics must have been a compulsory subject of study at UG-level. However, candidates who have pursued their Honors in Accountancy, Economics or Business courses can also apply for this course.
MCom Banking Admission 2024
Admission to MCom Banking is completely merit-based depending on the last qualifying examination at the degree level. Few colleges conduct entrance exams followed by a counselling round as one of the selection procedures for this course. Finally, a merit list is generated shortlisting the students who are selected based on scores obtained in all the rounds organised by the respective college.
MCom Banking Entrance Exams
Entrance tests followed by a counselling round are organised by certain colleges as one of the criteria for selection. The counselling round might consist of Personal interviews and Group Discussion rounds examined by a panel consisting of highly qualified faculty members. Further, a merit list is prepared consisting of selected candidates and is completely based on the student’s performance in all the rounds according to the weightage allotted to each round by the conducting body.
Some of the colleges which conduct entrance exams for MCom in Banking are listed below:
- Christ University, Bangalore
- St. Joseph’s College of Commerce, Bangalore
- Indraprastha University
- Indian Institute of Management and Commerce, Hyderabad
Important dates
| Exam | Exam Dates |
|---|---|
| CUET PG | Check CUET PG Exam Dates |
MCom Banking Course Curriculum
The syllabus and subjects as prescribed by various universities for MCom in Banking are listed in the table below:
| Semester I | Semester II |
|---|---|
| Banking Law and Practices | Economics of Global Trade and Finance |
| Business Policy and Strategic Management | Financial Markets and Institutions |
| Commercial Bank Management | Financial Markets in India |
| Direct and Indirect Taxes | Financial Management |
| Foreign Exchange | Forex Management |
| Financial Services | International Financial Management |
| Semester III | Semester IV |
| Investment Management | Principles of Personal Finance |
| International Banking and Finance | Project Finance |
| Management Concepts | Quantitative Techniques for Finance |
| Management Information Systems | Research Methodology |
| Management of Financial Services | Modern Banking, Theory, Law and Practice |
MCom Banking Electives
- Banking & Finance
- Entrepreneurial Management
- Financial Bank Management
- International Finance
- Investment Management
- Quantitative Techniques of Business Decisions
- Human Resource Management
MCom Banking Course Comparison
The table below lists out the salient features and differences between popular courses, namely: MCom in Banking & MBA in India.
| Course | MCom Banking | MBA |
|---|---|---|
| Full form | Master of Commerce in Banking | Master of Business Administration |
| Overview | MCom Banking is a 2-year course which focuses on subjects related to accounts, economics, banking and finance. | MBA is a postgraduate 2-year course that deals with the study of business management, marketing, finance and logistics of human resources. |
| Selection Criteria | Merit-based/ Entrance Exam | Entrance Exam based |
| Top Colleges | Viva College, Virar; Anna Adarsh College for Women, Chennai, Model College, Dombivli, Adarsh College of Arts and Commerce, Kulgaon | IIM Ahmedabad, IIM Bangalore, Chandigarh University, IIM Kolkata, IIM Indore |
| Average Course Fee | INR 60,000 | INR 1 lakhs |
| Average Salary per annum | INR 5 lakhs | INR 8 lakhs |
| Top Recruiting Companies | HDFC Bank, ICICI, SBI, Punjab National Bank, Ernst & Young, Citibank | Amazon, Apple, Bain and Company, Citigroup, Deloitte, Facebook, Accenture |
MCom Banking Distance Education
MCom Banking is taught in the following college in distance education mode:
Centre for Distance Education Bharathidasan University, Tiruchirappalli
- For admissions to the college, candidates must have passed in BCom/ Bank Management / Computer Applications/ Financial Management/ BCom (Applied) / Co-operation / BBA and other related programmes equivalent to BCom.
- The course lasts for 2 years.
-
The candidates can apply online.
Centre for Distance Education, Acharya Nagarjuna University, Guntur
- For admissions to the college, candidates must have passed in BCom/BBM.
- The course lasts for 2 years.
- The total tuition fee for the course is INR 10,570.
- The candidates can apply online.
| College | Fees |
|---|---|
| Bharathidasan University Centre for Distance Education, Tiruchirappalli | INR 11,500 |
| Acharya Nagarjuna University Centre for Distance Education, Guntur | INR 10,570 |
MCom Banking Colleges in India
Listed below are a few of the top colleges along with the annual course fee to pursue M.Com Banking in India:
| College | Annual Fee (in) |
|---|---|
| Indian Institute of Management and Commerce, Hyderabad | INR 12,710 |
| Christ University, Bangalore | INR 57,500 |
| Maharshi Dayanand College of Arts, Science and Commerce, Mumbai | INR 9,875 |
| Urumu Dhanalakshmi College, Tiruchirappalli | INR 30,000 |
| Narsee Monjee College of Commerce and Economics, Mumbai | INR 29,500 |
| Acharya Nagarjuna University, Guntur | INR 6,900 |
| St.Andrews College of Arts, Science and Commerce, Mumbai | INR 11,540 |
| Symbiosis College of Arts and Commerce | INR 18,500 |
| Adarsh College of Arts and Commerce, Kulgaon | INR 50,000 |
| Model College, Dombivli | NA |
| VPMs K G Joshi College of Arts and N G Bedekar College of Commerce, Thane | INR 32,000 |
| KMM College of Arts and Science, Thrikkakara | NA |
| Arafa College of Arts and Science, Ernakulam | NA |
| Viva College, Vasai | INR 14,795 |
| Dr Ambedkar College of Commerce and Economics, Mumbai | INR 23,000 |
MCom Banking Colleges Abroad
MCom Banking is a very popular course and can be studied abroad as well to build an overall career foundation in different countries in the field of Finance and Banking. The following colleges listed below are according to the QS World University Rankings and include the course of MCom Finance in their respective colleges.
MCom Banking Scope
MCom Banking students have abundant options to choose from once they complete their graduation.
- Graduates can consider doing an MBA course. An MBA degree is one of the most preferred degrees for students. They then go ahead and further their careers.
- Graduates can also learn to become Chartered Accountants. It takes students 3-5 years to qualify for a CA. Having prior knowledge on the subject comes in handy. Some CA graduates work with Ernst & Young, Deloitte, KPMG Consulting, Grant Thorton and many reputed companies.
- Graduates can consider doing an Association of Chartered Certified Accountants (ACCA) course. This increases your chances of being hired.
- Graduates can pursue a Company Secretaryship. This role requires intense training and practical knowledge, so graduates can find it interesting.
- Graduates can study for Certified Management Accountant (CMA) credentials. The CMA credentials are offered by the IMA and have global recognition.
- Graduates can study the Chartered Financial Analyst or CFA course and earn a CFA license. The course is given by US-based CFA colleges. It can serve as a doorway to top companies like Goldman Sachs, JP Morgan, Royal Bank of Canada, and Morgan Stanley.
- Graduates can become FRM certified or CIB certified or CFP certified professionals. This again has global recognition and opens a lot of new opportunities for the students.
- Graduates can also explore job options in digital marketing or teaching.
- The employment zones open to MCom Banking graduates are Economic Consultations, Indian Civil Services, Mortgage companies, Indian Economic Services, Business schools, Insurance industries, Property developers, Credit companies, Consulting firms.
-
Graduates can also pursue PhD in a related field.
MCom Banking Jobs & Placements
A wide variety of job posts are available for a graduate in MCom Banking and are generally allotted according to their expertise in their respective fields. The average starting salary bagged by an MCom Banking graduate is INR 25,000 per month.
MCom Banking Job Profiles
Listed below are the job posts, along with their description and salary for each post available for an MCom banking graduate.
| Job Role | Description | Average Starting Salary |
|---|---|---|
| Accountant | Proper management of financial transaction records associated with the revenue and expenditure of the firm. | INR 2.38 - INR 2.73 lakhs |
| Investment Analyst | Analyse and develop strategies to increase revenue for firms/corporations/clients | INR 2.49 lakhs - INR 2.85 lakhs |
| Personal Finance Consultant | Provide personalised solutions in areas of finance, economy and accountancy | INR 2.84 lakhs - INR 3.25 lakhs |
| Investment Banker | Work as an advisor to provide investment-related or financial advice to government/big corporations/MNCs | INR 2.92 lakhs - INR 3.5 lakhs |
| Economic officer | Serve as an economic advisor or assistant in various departments/ministries. It is a public sector job | INR 5.82 lakhs - INR 6.15 lakhs |
Some other job roles offered are:
- Internal Auditor
- Accountant
- Investment Analyst,
- Treasurer,
- Market Analyst
- Asset Manager
- Sales Representative
- Investment Banker
- Financial Manager
- Security/Risk Analyst
- Recovery Agent
- Administrative Officer
- Loss Control Specialist
- And more
MCom Banking FAQs
Ques. What kind of documents are to be submitted during MCom Banking admissions?
Ans. These are the documents that are generally required for admissions to MCom Banking:
- HSC Certificate and Scorecard
- 10+2 Certificate/Scorecard
- Graduation/Degree Marksheet and Scorecard
- College Leaving Certificate/TC
- Migration Certificate (only applicable for students migrating from another University)
- Provisional Certificate
- 5 Copies of Passport size photographs have been attested by a gazetted officer.
- Caste/Tribe certificates (for SC/ST students) or Physically Handicapped certificate (for physically disabled students)
Ques. What kind of companies hire MCom Banking graduates?
Ans. M.Com graduates are usually employed in zones such as Economic consultation, Indian Civil Services, Mortgage companies, Indian Economic Services, Business schools, Insurance industries, Property developers, Credit companies, Consulting Firms etc. The top recruiters in this field are some of the top-notch functioning banks in India, namely, HDFC Bank, ICICI, SBI, Punjab National Bank, Ernst & Young, Citibank etc.
Ques. Is MCom Banking good for the future?
Ans. Successful MCom Banking graduates are provided with numerous career opportunities in national & international companies. The graduates can go for a job, study further or even try teaching.
Ques. Is MCom better than MBA?
Ans. MBA is a professional course that deals with management related jobs. While MCom helps the graduates find more finance and commerce related jobs.
Ques. Can I pursue CA (Chartered Accountancy) after doing MCom Banking?
Ans. CA can be pursued anytime. There are no age limits for this course. It can be pursued after MCom or side-by-side while doing MCom as well. It takes a minimum of 3-5 years to complete a CA course. Having prior knowledge in banking, accounts and finance is an added advantage to craft a career in CA.
Ques. Is MCom Banking difficult?
Ans. MCom Banking is not that difficult if you find numbers interesting. The students will have to work hard as most of the work deals with financial transactions and commerce-related laws and more.
Ques. What is the highest salary for MCom Banking graduates?
Ans. MCom Banking graduates receive starting salaries with a range between INR 2 lakhs to INR 6 lakhs per annum. Some top recruiters are HDFC Bank, Goldman Sachs, SBI, Punjab National Bank, Ernst & Young, Citibank etc.
Ques. Is the distance education of MCom Banking valid?
Ans. Yes, universities offering MCom Banking in distance education programs are UGC recognised and are valid.
Ques. Can I become a college lecturer after studying MCom Banking?
Ans. Yes, you can apply and write NET exams for teachers conducted by the UGC. If you qualify you can teach commerce in college.
Ques. Can I do a PhD course after MCom in distance education mode?
Ans. Yes, you can do a PhD after MCom in distance mode provided that your college is recognised by the directorate of distance education and UGC.
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