M.Com Finance is a 2-year full-time postgraduate degree course, comprising 4 semesters in the entire duration. The course offers an advanced study on financing and accounting, its principle, strategies, policies, and more.
MCom Finance graduates have plenty of potential job positions available, like Financial Analyst, Investment Banker, Chief Finance Officer and more in Government and private sectors, banking sectors, public accounting firms, financial consultancies, corporations, etc. They can also opt for an MBA course as it will improve their career trajectory.
The candidates who are willing to pursue this course must complete their Bachelor’s degree in Commerce with accounts, finance, and economics subjects. They need to secure at least 55% aggregate marks at the graduation level.
Most of the colleges allow admission to this course on the basis of the candidate’s performance in the entrance exam conducted by the respective colleges. The entrance exam is followed by a round of interview sessions to evaluate the candidate’s logical thinking capabilities and other course-related aspects.
However, some colleges grant direct admission to this course on the basis of the candidate's score obtained in the last qualifying examination. Some colleges also arrange personal interviews for the shortlisted candidates.
Table of Content
2.1 Why Study?
3.2 Entrance Exams
3.3 How to Get Admission into a Good M.Com Finance College?
5.1 Books
7.1 Future Scope
M.Com Finance: Course Highlights
Major highlights of M.Com Finance course study are mentioned in the following:
| Course Level | Post Graduate |
| Duration | 2 Years |
| Eligibility Criteria | Bachelor’s degree in Commerce with 55% aggregate score |
| Admission Procedure | Entrance Exam + Counselling |
| Examination Type | Semester Based |
| Job Profile | Financial Consultant, Investment Banker, Auditor, Finance Manager, Financial Analyst, Quant Specialist, Financial Controllers etc. |
| Top Recruiting Fields | Government and Private Sectors, Public Accounting Firms, Corporations, Consultancy, Budget Planning, Market Research etc. |
| Top Recruiting Companies | Genpact, Tata Motors, BSNL, Wipro Technologies Ltd., WNS Global Services, TATA CONSULTANCY SERVICES LIMITED, National Small Industries Corporation Limited, Heavy Engineering Corporation Limited etc. |
| Average Course Fees | INR 1,00,000-4,00,000 per annum |
| Average Starting Annual Salary | INR 4,00,000-INR 20,00,000 (per annum) |
Know More About Finance Courses
What is it about M.Com Finance?
- M.Com in Finance postgraduate degree program focuses on the systematic study of finance and accounting. The course is specially designed to provide a wide array of financial skills to the students who want to pursue their career in the corporate business world, stock markets, etc.
- This course offers in-depth knowledge on accounting principles, economic theory, an advanced study on financial planning, banking system, micro, and macro economy, and more.
- The course curriculum basically focuses on Accounting, Taxation, Accounts and Finance related mathematics, Payroll accounting, SAP etc.
- During this course study, the students can learn about business and accounting trades, business management policies, marketing principles emerged in the business world, corporate sectors, financial management firms.
- Students can specialize in Public accounting, audit, tax, budget analysis, real estate finance etc.
- Some of the subjects typically covered in this course study are- financial management, financial accounting, business management, costing, statistics and more.
Why Study M.Com Finance?
- The recent researches prove that top multinational companies nowadays are looking for the expert financial advisors or finance officers who can provide better advice on company’s profit and well-being. So, M.Com Finance course has high in-demand in today’s accounting and finance world.
- Upon successful completion of this course, the candidates can have a diverse range of potential job openings in the financial and banking sectors.
- The successful postgraduates are hired as a financial consultant, investment banker, financial analyst, quant specialist, financial manager, chief financial officer, stockbroker, financial controllers and more in govt. and private sectors, public accounting firms, banking sectors, stock exchange markets, corporations, budget planning sectors and more.
- The candidates can also apply for lectureship and professor positions by applying for UGC-NET or JRF exams.
- Such professionals can easily earn up to INR 4,00,000-20,00,000 per annum on the basis of the skills and experience in this field.
- Besides these, the postgraduates can have the opportunity to contribute their knowledge in the related field of study through further research.
What is the Admission Procedure for M.Com Finance course?
M.Com Finance course admission is done on the basis of the candidate’s performance in the entrance exams conducted by the college itself. Based on their scores, the college admission committee will shortlist the most eligible candidates for M.Com Finance admission.
However, there are some colleges and universities available in India, offer direct admission to this course on the basis of the candidate's merit in the last qualifying examination.
Merit-Based Admission:
Most of the M.Com Finance colleges and universities release application forms in the months of May and June. After analyzing all submitted application forms, the college admission authority will publish the merit list. The candidates who clear the cut-off rank, are eligible to take admission to this course. You can apply both in online and offline mode.
Entrance Based Admission:
- The majority of M.Com Finance colleges conduct their own entrance exam to select the most eligible candidates for this course admission.
- After evaluating their performance in the entrance exam, the respective colleges release a cut-off list. The qualified candidates need to appear for an interview round.
- The college admission committee will grant admission of the eligible candidates on the basis of their scores in academic performance, entrance exam and personal round performance.
- After final selection, the candidates need to submit all required documents to the colleges at the time of admission.
What is the Eligibility Criteria for Admission to M.Com Finance Course?
To get admission in M.Com Finance course, the interested candidates need to fulfill the following eligibility Criteria:
- Completed Bachelor’s degree with commerce subjects, like accounts, math, economics from any recognized university.
- Candidates who passed B.Com/BBA/BBS or any other equivalent degree with at least 55% aggregate score are eligible for this course application.
What are the Entrance Exams Applicable for M.Com Finance Course Admission?
Most of the reputed M.Com Finance colleges in India offer an admission of the eligible candidates on the basis of their performance in the entrance examination conducted by the respective colleges.
AUCET: The Andhra University Common Entrance Test applicable for PG course admission. This state-level exam is conducted by the Directorate of Admission, Andhra University.
PUCET: It is another state-level entrance exam conducted by Punjab University for both UG and PG course admission.
| Exam Name | Exam Date |
|---|---|
| PUCET | Check PUCET Exam Dates |
| AUCET | Check AUCET Exam Dates |
How to Prepare for M.Com Finance Entrance Exams?
While preparing for M.Com Finance entrance exams, try to follow the below-mentioned pointers:
- First, you need to go through the syllabus of the M.Com Finance entrance exam. If you want to score well in the test, it is essential to have a clear idea about the syllabus, exam pattern, and more.
- The entrance exam consists of MCQ type questions on quantitative aptitude, logical reasoning, data interpretation, and more. So, it is quite important to learn some shortcut tricks to solve the questions quickly.
- Try to enhance your general knowledge by regular reading of newspapers, current affairs, economic and finance reports. This will help you to perform well in the interview round.
- Most of the exams have negative marking, so don’t try to attempt any question in a hurry. Answered the question only when you are sure enough.
- To crack any entrance exam, the essential key is time management. Divide your time frame for each topic and try to cover it all within the stipulated time.
- Solve previous years’ question papers and sample question booklet to identify your weak points and strong points.
- Regular revision is a must and appears for mock tests before appearing for the examination.
How to Get Admission into a Good M.Com Finance College?
- The admission in M.Com Finance course is usually done on the basis of the candidate's performance in the entrance exam. So, it is necessary to be well-prepared for the test for getting the chances of admission to the top M.Com Finance colleges in India.
- Some of the colleges offer admission on the basis of marks obtained at the graduation level. So, if you want to get admitted to those colleges that grant merit-based admission, then you have to achieve higher marks in the qualifying examination.
- Remember to submit the duly filled application form before the application submission window is being closed, otherwise, the college committee will reject your application.
- Stay updated with the latest admission process offered by the respective colleges. Visit the college’s official website and get the updated details of the course curriculum, entrance exam dates, and more.
Check Out:
Which are the Top Colleges for Studying M.Com Finance?
Some of the top-most M.Com Finance Colleges available in India are tabulated below based on their admission process, average course fee, average Placement package:
| Name of the College | Admission Process | Average Course Fees | Average Annual Salary |
|---|---|---|---|
| K.P. B Hinduja College of Commerce, Mumbai | Merit Based | INR 7,000 | INR 4,00,000 |
| Punjab University, Punjab | Entrance Based (CET-PG) | INR 20,000 | INR 3,50,000 |
| Mata Gujri College, Punjab | Entrance Based | INR 16,000 | INR 3,00,000 |
| Seshadripuram College, Bangalore | Merit Based | INR 36,000 | INR 2,50,000 |
| NSS College, Kerala | Merit Based | INR 2,000 | INR 4,50,000 |
| Mercy College, Pallakad | Merit Based | INR 75,600 | INR 3,00,000 |
| St. Joseph’s College, Kerala | Entrance Based | INR 19,000 | INR 4,00,000 |
| Jiwaji University, Gwalior | Merit Based | INR 10,000 | INR 3,00,000 |
College Comparison for M.Com Finance
The comparison among the top three colleges in India offering M.Com Finance course is tabulated below:
| Parameter | K.P. B Hinduja College of Commerce | Punjab University | Jiwaji University |
|---|---|---|---|
| Location | Mumbai | Punjab | Gwalior |
| Overview | KPBHCC is a private college affiliated by the University of Mumbai. The college offers 15 different academic programs on UG, PG and doctorate level. | PU is approved by AICTE, UGC and NAAC. The college is well-known for offering UG, Integrated, PG, Executive, Diploma, PG Diploma, Certificate and research level courses. | JU offers 21 UG, 64 PG, 22 Pre-Doctoral, 41 Doctoral and several Diploma and PG diploma courses. |
| Eligibility Criteria | Bachelor’s degree in Commerce discipline | B.Com from any recognized university | Bachelor’s degree in Commerce or Management with 50% marks |
| Admission Process | Merit Based | Entrance Based | Merit Based |
| Average Annual Fees | INR 7,000 | INR 20,000 | INR 10,000 |
| Average Annual Salary | INR 4,00,000 | INR 3,50,000 | INR 3,00,000 |
What are the Subjects Covered in M.Com Finance Syllabus?
The semester-wise course breakup of M.Com Finance course syllabus is tabulated below:
| Semester 1 | Semester 2 |
|---|---|
| Business Management | E-Commerce |
| Business Environment & Legislation | Financial Accounting & Packages |
| Business Economics | Quantitative Methods for Business |
| Quantitative Techniques for Business | Financial Management |
| Information Technology for Business | Marketing Management |
| Entrepreneurship Development | Human Resource Management |
| Semester 3 | Semester 4 |
| Advanced Banking | Banking Law and Practice |
| Banking & Technology | Bank Management |
| Insurance Products & Management | Insurance & Risk Management |
| Principles of Life Insurance | Insurance Actuarial |
| Financial Markets & Services | Portfolio Management |
| Security Analysis and Investment Management | Financial Derivatives |
Which Books are Recommended for M.Com Finance Course?
Listed below the most recommended books for M.Com Finance course study:
| Name of the Book | Author |
|---|---|
| The Intelligent Investor | Benjamin Graham, Jason Zweig, Warren E. Buffet |
| The Five Rules for Successful Stock Investing | Pat Dorsey, Joe Mansueto |
| The Rise of Finance: Causes, Consequences and Cures | V. Anantha Nageswaran |
| Common Stocks and Uncommon Profits and Other Writings | Philip A. Fisher, Kenneth L. Fisher |
MCom Finance Course Comparison
M.Com Finance Vs. M.Com Accountancy
While you are willing to pursue M.Com, then the most preferred subjects will be Finance and Accountancy. Both these courses have high in-demand needs in today’s business world. But M.Com Finance and M.Com Accountancy, both courses have some little differences, here the major parameters are tabulated below:
| Parameter | M.Com Finance | M.Com Accountancy |
|---|---|---|
| Overview | The course imparts advanced study on analyzing accounts related data so that one can predict the future growth of an organization. | The course focuses on the in-depth study of financial records management. This course teaches the students to analyze financial reports and utilize them for company’s profit. |
| Duration | 2 Years | 2 Years |
| Eligibility Criteria | Bachelor’s degree with Commerce subjects like accounts, math, economics from a recognized university with 55% aggregate score | B.Com/BBA/BBS or any other equivalent Bachelor’s degree along with minimum 50% aggregate marks |
| Admission Procedure | Entrance Based + Counselling | Entrance Test + Counselling session |
| Top Colleges | Punjab University, NSS College, Mata Gujri College, K.P.B Hinduja College of Commerce etc. | K.P.B Hinduja College of Commerce, Annamalai university, Mohanlal Sukhadia University, Bharathiar University etc. |
| Job Roles | Financial Consultant, Investment Banker, Quant Specialist, Auditor, Finance Officer, Finance Analyst, Finance Advisors, Financial Manager etc. | Accounting Clerk, Auditing Clerk, Accounting Associate, Accountant, Chief Accounting Officer, Accounts Receivable Clerk, Accounting Firm Partner etc. |
| Top Recruiting Companies | Genpact, TATA CONSULTANCY SERVICES LIMITED, BSNL, Wipro Technologies Ltd., WNS Global Services, NSIC, HEC Ltd. Etc. | Educational Institutes, HDFC Bank, SBI, BSNL, Genpact, Wipro Technologies Ltd., TCS Limited, Tata Motors, NSIC, HEC Ltd. Etc. |
| Average Fees | INR 1,00,000-4,00,000 | INR 1,00,000-4,00,000 |
| Average Starting Salary | INR 4,00,000-20,00,000 (per annum) | INR 4,00,000-20,00,000 (per annum) |
What are the Career Options and Job Profiles Available After Completing M.Com Finance Course?
After completing this 2-year M.Com Finance course, the successful postgraduates can have plenty of potential job roles in major industries, like government and private sectors, public accounting firms, budget planning, market research, corporations and finance consultancies.
Some of the top career opportunities available for such M.Com postgraduates are: Finance Manager, Financial Consultant, Investment Banker, Quant Specialist, Auditor, Financial Analyst, Chief Financial Officer, Certified Public Accountant and more.
Listed below some of the most prospective job positions offered to the successful M.Com Finance graduates along with job description and average salary offered:
| Job Role | Job Description | Average Annual Salary |
|---|---|---|
| Financial Consultant | Their role is to gather information for clients on the basis of investments, asset allocation, savings, tax planning, estate planning etc. They can also work as a freelancer or being a part of a financial consulting firm. | INR 6,00,000 |
| Quant Specialist | Their responsibility is to analyze statistics and market trends by using high-end mathematics. This will help them to determine appropriate levels of risk management and derivative pricing so that they can create presentations for clients along with the recommendations of future investment planning. | INR 7,70,000 |
| Investment Banker | Their role is to interpret complex data to assess and predict the financial risks and returns. Prepare legal documents by consulting with financial experts, accountants and lawyers. | INR 9,20,000 |
| Auditor | They actually work in the public and private sectors and provide expert advice on usages of resources. | INR 3,70,000 |
| Finance Officer | They basically perform the organization's financial matters, assist in monthly budget planning and prepare monthly reports on its basis. They also control and maintain nominal ledgers, carryout and check payments and other financial issues. Besides these, they have to investigate any suspicious account activity, maintain and record financial files and have to ensure complete financial security. | INR 7,50,000 |
| Financial Analyst | Their main responsibility is to record cash, cheques and credit card transactions. Post revenues by verifying and filing transactions from local deposits. They have to update all receivables by figuring out all unpaid invoices, and maintain records through microfilming invoices, debits and credits. | INR 3,50,000 |
| Corporate Finance | They are actually working for large investment banks or any corporate advisory firms to facilitate mergers and acquisitions of other companies. | INR 9,55,000 |
| Corporate Banking | Their role is to advise corporate clients regarding mergers, acquisitions, capital markets and have to prepare lending agreements on its basis. | INR 7,80,000 |
| Credit Risk Management | They actually lead the credit risk management group to ensure that the whole credit process, policies and activities fall within the parameters of organizations’ policies and standards. | INR 9,90,000 |
What is the future Scope After Completing M.Com Finance Course?
On successful completion of M.Com Finance course, the postgraduates can avail prospective job positions and career opportunities. If the student willing to pursue further higher studies in the same field, then he/she can easily opt for the following degree programs:
- Ph.D.: After completing M.Com Finance course, the students can opt for Ph.D. in Finance and Accounts. It is a 2-5 years research level program that imparts advanced study of fundamental aspects in Accounting and Finance Management.
- MCom Finance graduates can also opt for MBA courses as it will provide them a deeper knowledge about the organisational work structure.
- Competitive Exams: If the students are willing to pursue the career in the academic field, then they can appear for the UGC-NET exam and apply for lectureship in reputed colleges and universities.
M.Com Finance FAQs
Ques. What is the duration of M.Com Finance program?
Ans. It is a 2-year long full-time postgraduate degree course comprising 4 semesters.
Ques. What are the subjects taught in M.Com Finance course?
Ans. Some of the most important subjects typically covered in this course study are- financial management, financial accounting, business management, costing, statistics and more.
Ques. What is M.Com Finance course eligibility?
Ans. Students who are interested to pursue an M.Com Finance course need to complete their bachelor’s degree in Commerce with accounts, math and economics as subjects. They need to secure at least 55% aggregate marks at graduation level.
Ques. What is the admission procedure applicable for this course?
Ans. Most of the M.Com Finance Colleges in India allow admission to the eligible candidates based on their score in the entrance exam, followed by an interview round conducted by the college admission authority. However, some colleges offer direct admission on the basis of merit in bachelor's degree courses.
Ques. What is M.Com Finance course fee?
Ans. M.Com Finance course fee may vary from one college to another. The average course fee usually ranges between INR 1,00,000-4,00,000.
Ques. What are the top M.Com Finance colleges in India?
Ans. Some of the top-most M.Com Finance Colleges in India are listed below:
- Punjab University, Punjab
- K.P. B Hinduja College of Commerce, Mumbai
- Mata Gujri College, Punjab
- NSS College, Kerala
- Jiwaji University, Gwalior etc.
Ques. What are the career opportunities available for M.Com Finance postgraduates?
Ans. After completing this course successfully, the postgraduates are hired as a Finance Manager, Financial Consultant, Investment Banker, Quant Specialist, Auditor, Financial Analyst, Chief Financial Officer, Certified Public Accountant and more in top recruiting companies, like Genpact, TATA CONSULTANCY SERVICES LIMITED, Tata Motors, Bharat Sanchar Nigam Limited, WNS Global Services, Wipro Technologies Ltd., National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd) etc.
Ques. What is the average salary package of such professionals?
Ans. The average starting salary of an M.Com Finance degree holder ranges between INR 4,00,000- INR 20,00,000 per annum.
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