M.Com is the short abbreviation of the degree named Masters of Commerce. M.Com is famous as a higher degree for people who are aspiring to become lecturers, teachers, researchers, professionals in different domains like finance, management, business, accountancy, etc. M.Com degree is available in different universities and colleges all over the country. M.Com offers the flexibility for students to pursue a full-time, part-time, and even distance or online learning course in India.
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As per a report, there are more than 3,000 colleges in the country that offer M.Com courses. In order to do M.Com, the basic educational requirement is that the candidates should have at least got 50% in their last year of Bachelor’s degree which can be from any stream. Some universities also have relaxations in the percentage of academics in their final year exams for reserved category students.
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M.Com is offered in different specializations such as finance, accounting, economics, taxation, statistics, banking, finance, marketing, business management, e-commerce, and computer applications among others. If you visit the specific college or university website from where you plan to do your M.Com, you will get an idea of which specialization they offer and what are the subjects or topics covered in every specialization. This will help you to make better career decisions and thus, enroll in the college that fulfills your expectations.
An average salary in India for an M.Com passout starts with 2.5 lakh per annum and the highest can be up to 6 lakhs per annum depending on the candidate’s capability and how they are a value-add to the company or organization. Some cool profiles for M.Com passouts include Accountant, Finance Executive, Assistant Manager, Teller, Chartered Accountant, Bank manager, securities analyst, business analyst, trader, wealth manager, teacher, researcher, market analyst, business leader, insurance agent, finance manager among others.
The fees for doing M.Com differ from university to university. However, the minimum fees for a distance learning course come up to Rs. 10,000 approximately per year. So, one can note that the fees can be between Rs. 20,000 to Rs. 1 lakh. Many people compare the degrees of M.Com with that of an MBA. However, MBA has international recognition because of the wide scope of the assignments, projects, and learning material that students get exposed to while they are doing their post-graduate degree.
M.Com is good for people who want to get into research or work in the public and private sectors. Some of the subjects covered in M.Com include Economics, Strategic Management, Marketing Management, International Business, Business Environment, Financial Management, Human Resource Management, Corporate Governance, and Organizational Behavior. Top colleges as per rankings and reports on media that offer M.Com degrees include Delhi University, School of Open Learning in the University of Delhi, Christ University, Shri Ram College of Commerce, Banaras Hindu University, University of Mumbai, University of Mysore, University of Madras, Bangalore University, and others.
M.Com also has a research area that helps passouts to do a doctorate degree such as Doctor of Commerce, Doctor of Business Administration, Doctor of Philosophy among others.
