Mater in Commerce (M.Com)

Master in Commerce is postgraduate master’s degree focusing on commerce, accounting, management, and economics. As it is a master degree course, it usually requires completion of a bachelor’s degree in the same field which is termed as Bachelor of Commerce, it often prefers Honours graduate.

Depending upon the degree definiteness, a related undergraduate major and/or a fairly strong quantitative background may also be a compulsory requirement. The master degree course comprises the study of Principles of accounting, economic theory, micro, and macroeconomics, money, and banking system, mastery of business, trade and it’s features and policies involved.

Master in commerce is one of the distinguished courses in the country. The program is well collected in the industry and for years has been serving the needs of managerial cadre in business and industry.

Under course, students can opt for specialized study in any of the following fields –

  • Statistics
  • Taxation
  • Marketing
  • Accounting and finance
  • Banking is preferably for those students who want to pursue higher studies and research work in the field of statistics and relatable areas other than taking up a teacher/lecturer job in various colleges and universities.

A master degree in commerce develops a postgraduate for a wide range of career dealing with the flow of money in the world economy.

Course Duration is a nick higher than Bachelor’s degree in commerce and helps develop an extensive knowledge about various commerce and trade practices. It is an authoritative course which prepares an individual for a career in the world economy. The course is of a duration of 2 years in which each year is divided into two semesters with miscellaneous subjects based on thesis and research work according to the schedule of the particular University.

Admission Procedure

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 the Bachelor’s degree.

After entrance test, students are shortlisted for Group Discussion and Personal Interview round. Some universities may not conduct Group Discussion (depends upon the particular college or university)

Universities such as the University of Delhi also offer direct admission to M.Com. program. Direct admissions are offered according to the merit in an undergraduate degree. Generally, students with a first class degree in B.Com are given direct admission to the M.Com program.

Eligibility Criteria

The candidates those who will be satisfying all the eligibility criteria for the M.Com course will only be considered appropriate for the admission.

  • Bachelor’s degree in Commerce
  • Minimum 50% marks at the level of graduation
  • However, as substitute criterion, many Universities accept graduation degree with honors in economics or business or management studies for admission to degree course.
  • 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.


M.Com 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

The course Examination is conducted in four parts named as semesters. Each year comprises of two semesters, so for 2 years, 4 semester is there.

Following is the syllabus for Examination –

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

Statistical Analysis

Probability and Expectation: Approaches to probability. Addition, multiplication and Bayes Theorem, Mathematical Expectation.

Probability Distribution: Binomial, Poisson, Exponential, Beta and Normal Distributions.

Economic Analysis

Firm and its objectives: Theories of the firm, managerial theories, behavioral approaches, growth theories, satisfying theory etc. The 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, the theory of attributes, snob appeal, bandwagon effect, and the demand function. Intertemporal demand function. Demand for durable goods.

Financial Management and Policy

Financial Management: Nature, objectives, and scope; financial decision-making and types of financial decisions; the 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.

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

Business Environment

Basic IS-LM frame-work, Asset markets, the demand for and the supply of real balances and their interest elasticities. Implications of modified are and LM functions on the 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.

Quantitative Techniques for Business  Decisions

Introduction: Quantitative approach to management decision making.

Linear Programming.

Transportation: Solving the problem, testing the optimality MODI method.

Integer Programming: Problem Formulation and solution.

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

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

Accounting Theory and Practice

Accounting Theory: Nature and Scope. Accounting methodology. Different approaches to theory construction.

The conceptual framework of financial accounting and reporting.

Issues in accounting standard setting. Accounting standards in India. Income concepts for financial reporting

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.

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.

Job & Career Opportunities

After completion of Master of Commerce program, a student can find employment in both Private and Public Sector. An M.Com. degree holder can look for a career opportunity in the 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 the Private Sector too, candidates can find employment in many designations such as:

  • Accountant
  • Finance manager
  • Operation manager
  • Financial analyst
  • Assistant finance manager
  • Account executive.

Some of the top recruiters in the private sector for M.Com. are:

  • YES Bank
  • Canara Bank
  • Export-Import Bank, India
  • Snap deal
  • Hindustan Unilever Ltd.
  • Nestle India
  • Cadbury India

The average salary offered to M.Com. graduates largely depend upon the sector of employment and the position held.