Friday, September 14, 2018

M.Com. Admissions Started In 2018-20 From Govt. University In Distance Mode

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           Masters In Commerce(M.Com.)
                   Session-2018-20
                     Distance Mode
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Assistance In M.Phil./Ph.D. Course Admissions

Master of Commerce or M.Com is a 2-year post- graduate Master’s degree which focuses on Commerce, Accounting, Management and Economics related subjects.The course mainly includes thesis based components and there may be some research based elements included.
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The minimum eligibility criterion required for M.Com. course is having a Bachelor degree in Commerce with a minimum of 50% marks.The admission is generally done through a common entrance test conducted by various universities accordingly. Certain universities also offer merit-based direct admission.
The average tuition fee for this course ranges between INR 3,700 to 12,000 for 2 years by some of the top universities which are as follows:
An M.Com. graduate can look for a career opportunity in public sector in various nationalized banks like State Bank of India, Union Bank etc. or in private sector in roles like Assistant Manager, Company Law Assistant, Junior Accountant, Relationship Manager, Sales Officer (accounts). The average starting salary after Post graduation in commerce ranges from INR 15,000 to 25,000.

Master of Commerce (M.Com): Course Highlights

Mentioned below are some major highlights of the course. 
Course LevelPostgraduate
Duration2 years
Examination typeSemester system
EligibilityBachelor’s degree in Commerce
Admission ProcessMerit based
Top Recruiting Companies
YES Bank, Canara Bank, Export –Import Bank, India, Snapdeal, Hindustan Unilever Ltd., Nestle India, Cadbury India, Asian Paints India etc. 
Job Profiles
Accountant, Finance manager, Operations manager, Financial analyst, Assistant finance manager, Account executive and others such
Course FeeINR 3700 to 12,000
Average Starting SalaryINR 15,000 to 25,000

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Master of Commerce (M.Com): What is it about? 

Master of Commerce is one of the prestigious courses in the country. The program is well received in the industry and for years had been serving the needs of managerial cadre in business and industry. It is a notch higher than a Bachelor degree in Commerce and helps build an in-depth knowledge about various commerce and trade practices.
Begin Your Application Process For M.Com Colleges
It is a specialized course which prepares an individual for a career in finance and corporate sector. The course is of 2 years duration in which each year is comprised of two semesters with various subjects based on thesis and research work according to the curriculum of university.

Top Institutes Offering Master of Commerce (M.Com)

Mentioned below are some of the top institutes offering M.Com course along with their location and average annual course fees. 
College NameLocationAverage Annual Fees in INR
Loyola CollegeChennai4.39K
Shri Ram College of CommerceNew Delhi29.6K
Christ UniversityBangalore57.5K
Hindu CollegeNew Delhi12.8K
St. Joseph’s College of CommerceBangalore88K
Narsee Monjee College of Commerce and EconomicsMumbai29.5K
Symbiosis College of Arts and CommercePune18.5K
Hansraj CollegeNew Delhi18.1K
Mount Carmel CollegeBangalore70K
Madras Christian CollegeChennai27.3K

Master of Commerce (M.Com) Eligibility

For admission to M.Com. Program, students must fulfil the below-mentioned eligibility criteria.
  • Bachelor’s degree in Commerce
  • Minimum 50% marks at the level of graduation
  • Certain universities also admit students with a B.A. Economics (Hons.) degree
  • Students who have passed B.B.S., B.B.A., B.F.I.A. and B.B.E. with at least 60% marks can also apply

Master of Commerce (M.Com): Admission Process

The general process for admission to M.Com. course is through an entrance test. The eligibility for appearing in the entrance test is a minimum of 45% marks in Bachelor’s degree. Common Entrance Test is generally objective type and is of maximum 100 marks. The questions are based on the following topics:
  • Logical Reasoning
  • Quantitative Aptitude
  • English Language
  • General Knowledge 
After entrance test, students are shortlisted for Group Discussion and Personal Interview round. Some universities may not conduct Group Discussion. There is no minimum or maximum age bar for this course generally.
Universities such as University of Delhi also offer direct admission to M.Com. program. Direct admissions is offered according to the merit in undergraduate degree.Generally, students with a first class degree in B.Com. are given direct admission to the M.Com. program.  

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Master of Commerce (M.Com): Syllabus and Course Description

Ideally M.Com. course consists of core courses and electives. While core courses relate to fundamental concepts of commerce, electives are generally associated with specific knowledge and skills. Mostly all colleges offering M.Com. follow same structure. Methods of education include lectures, seminars, classroom study and discussion, individual and group projects, case studies, and internship.
Paper 
    Topics     
Objectives 
Organization Theory and Behavior                         
  • Organizational Theories and Behavior: Classical, Neo-classical and Contemporary
  • Authority, Power, status, formal and informal structure. Flat and Tall structures
  • Bureaucratization of organizations. Organizational Behavior-concepts, determinants
  • Models, challenges and opportunities of OB
The objective of the course is to develop a theoretical understanding about the structure and behavior of organization as it develops over time. The Course will also help students realize the competitiveness for firms.
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     
The objective of this course is to acquaint students with some of the important statistical techniques for managerial decision making .The emphasis will be on their applications to business and economic situations.
Economic Analysis
  • Firm and its objectives: Theories of the firm, managerial theories, behavioral approaches, growth theories, satisfying theory etc. Relevance of profit maximization in the modern context.
  • Consumer Behavior: Determination of demand. The 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, band wagon effect and the demand function. Inter – temporal demand function. Demand for durable goods.   
This course helps students learn the concepts of micro-economic theory and their use in business decision making. The effort is to make them capable of using various concepts to deal with business problems in a globalized economic Environment.
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.
The objective of this course is to acquaint the students with the basic analytical
Techniques and methods of financial management of business firms. The course also provides students the exposure to certain sophisticated and analytical techniques that are used for taking financial policy decisions.
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
The objective of this course is to enable students to acquire sound Knowledge of concepts, methods and techniques of management accounting and to make the students develop competence with their usage in managerial decision making and control.
Business Environment
  • Basic IS-LM frame-work, Asset markets, the demand for and the supply of real balances and their interest elasticity’s. 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 the price level. Interaction of aggregate demand and aggregate supply and the determination of real income. Shifts in aggregate demand, 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.
This course introduces  the concepts of macro-economic and the macro environment in which a business organization operates.

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.
In this course students learn the use of quantitative models in decision making.
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
This course familiarizes the students with the basic concepts and principles of marketing and to develop their conceptual and analytical skills to be able to manage marketing operations of a business firm.
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
This course helps students develop an understanding of the basic inputs in making and implementing corporate strategic decisions and also familiarize them with the issues and practices involved.
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
The course aims at acquainting the students with a coherent set of logical principles and a general frame of reference for evaluation and development of sound accounting practices.
International Business
  • International Business: Its 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.
The purpose of this paper is to acquaint the students with nature, scope, structure and operations of international business and familiarize them with trends and developments
in India’s foreign trade and investments and policy framework.
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
In this course students learn techniques and principles to manage human resource of an organization. This knowledge would make the students capable of employing these techniques to harness the best of each individual working in the organization.

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Master of Commerce (M.Com): Career Prospects

M.Com is a post graduate course pursued after B.com which is an undergraduate course. After M.Com., students can opt for MBA or LLB, Doctor of Commerce (D.Com.), Doctor of Business Administration (DBA), or a Doctor of Philosophy (PhD). MBA is being offered by many Top Universities all over India including Indian Institute of Management (IIM) and Symbiosis Institute of Business Management, Pune (SIBM).
After completion of Master of Commerce program, a student can also find employment in both Private and Public Sector. An M.Com. degree holder can look for a career opportunity in public sector in various nationalized banks like State Bank of India, Union Bank etc. Railway Recruitment Board recruits these postgraduates for the post of Assistant Accounts/Audit Officer.
In Private Sector too, they can find employment in many roles such as:
  • Accountant
  • Finance manager
  • Operation manager
  • Financial analyst
  • Assistant finance manager
  • Account executive
They can also join Heavy Engineering Corporation Limited (HEC Ltd) as Accounts assistant. With experience, they can move up to the position of Senior Accounts Executive, Senior Executive of Corporate Sales or even ERP Functional Executive. Some of the top recruiters in private sector for M.Com. are:
  • YES Bank
  • Canara Bank
  • Export –Import Bank, India
  • Snap deal
  • Hindustan Unilever Ltd.
  • Nestle India
  • Cadbury India
  • Asian Paints India
The average salary offered to M.Com. graduates largely depends upon the sector of employment and the position held. The chart below, maps the minimum and maximum salary offered to Master of Commerce degree holders.      
Profile wise average salary for M.Com. 1
The average company wise salary offered to M.Com. graduates is projected in the chart given below:
Company wise average salary for M.Com.2

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