Courses, Scope, Salary, And Eligibility For M.Com
The degree master in commerce has been trending because of its relevance in current scenarios. You can learn basic and fundamental knowledge of management, commerce, and various accounting courses in B.Com but if you want to take your knowledge at the further level and specialize in any core subject then M.Com degree is certainly your cup of tea. M.Com gives you much-needed knowledge to step your feet in the corporate world and public sectors. Generally, M.Com is a two years program and some colleges have a semester-based system as well. Without wasting a second, lets take a look at the nitty-gritty of M.Com courses. Eligibility: If you want to do post graduation in commerce, you must have a B.Com degree. Most colleges have minimum criteria of 50 % marks but some colleges exempt the rule. With the passing days, traditional courses are becoming more competitive, in order to maintain competition and get the best pool of talents, many colleges and universities have started to conduct their own entrance exams. But still, there are few colleges that prefer merit-based admissions. Course details: In M.Com, basic courses are the same as in B.Com. As an M.Com student, youll see similar courses such as Management courses, Accounting courses, Economics courses, etc. So, what is a major difference? The difference is, M.Com courses are detail oriented and some of them are quite research oriented. Since this is a details-oriented course, youll find many optional subjects in M.Com that will help you to find the right direction for your career. Lets take a brief look at the main courses of M.Com. First semester: Accounting for managerial decisions: Any commerce course cannot be completed without accounting and what is ice on the cake? the management touch to an accounting course. Both accounting and management are core parts of any commerce degree, so together they make a great pair. In this paper, a student can learn accounting that is needed for managerial decisions. Financial management: What is the use of any business without managing finances? To keep in mind this fact, financial management has been included in M.Com course. Whatever you have learned in B.Com, you can apply here and take your knowledge to the deeper level. Marketing management; No business can succeed without managing marketing strategies. That is why marketing management plays a key role in any commerce student’s career life. This subject is the extension of Marketing management courses that are taught in an undergraduate class. Human resource management: Human resource management is a very traditional yet very interesting course. Most of the technology and management courses include HRM as the core subject. Here, you can get a brief but essential knowledge about Human resource management. Second semester: The second semester has some interesting yet important courses. Some of the courses are as follows: Business Environment: How to work in a business environment is a very crucial question. This course makes a student ready for the working environment. Statistical analysis: Statistics is a very important subject. It opens door to enormous opportunities. Once, you get easy with statistics, other subjects just follow with ease. With the increasing use of machine learning and analytics, statistics is gaining its power and becoming more and more important. Organizational Behavior: Organizational Behavior is an underrated subject but this is very crucial. It somehow, tells about the phycology of various people and how to succeed as a team in any organization. You can easily guess the importance of this subject by the fact that it has been part of the commerce and management degree for several years. Corporate Tax Planning: This is the second part of the course that you have learned in your undergraduate course. Corporate Tax Planning is very important because if plan properly, it can boost the profit of any business. Third semester: Research methodology: M.Com courses are different from B.Com courses, youll start realizing that from your third semester or at the beginning of your second year. This course is all about research methodologies. If you want to dig deeper then you are at right place. After M.Com, if you wish to take research as your career, this course will be very beneficial for you. Accounting for planning and control: A great product can fall in the absence of proper planning and good accounting. This is the sole reason why this course has been included in the third semester of the M.Com degree. Labour legislation in India: In this course, a student gets familiarity about labor laws across the country. This includes various welfare schemes and regulation laws of employees. Entrepreneurial development and small business: This course is all about developing entrepreneur skills in a student so that he can give employment to other people. Fourth semester: Strategic Management: Strategic Management has become a very essential part of any management team. Without a good strategy, no business or product can reach its goals. International Marketing: As the world is turning into a global village, no one can deny the importance of international marketing. This course serves the same purpose. Management Information System: Management Information System is popularly known as MIS. It is a very helpful tool in decision making. Many organization uses MIS to assess their performance and based on that they rectify their drawbacks. Colleges: There are many reputed colleges that offer M.Com. degree. If you talk about government aided colleges then nothing can beat Delhi Universitys M.Com courses and other facilities, but in any case, you could not get in Delhi University, dont worry, there are plenty of private colleges that are providing world-class education. For example, SMS Varanasi is one of the finest among private colleges where you can get a modern commerce education with amazing faculties and facilities. Fee structure: The fee structure varies from 40000 per year to 100000 per year. Different colleges and universities have their own fee structure but it is worth to spend your valuable money on the M.Com degree. Careers after M.Com: There are many options available for you after completing M.Com. You can get a job in public sectors as well as in private sectors. Public sector jobs are mostly from banks while private sector jobs are from various corporate offices. Apart from these jobs, you can opt for research. There are many institutions that are constantly encouraging research. The Indian government has already raised the scholarships of the research students and the Government is planning for a total revamp in the research area. For a detail description of jobs after your M.Com, please visit the following link: Career after M.Com. Salary and incentives: Everyone wants to know the worth of the degree and here comes your answer. If you are an average student, you can make around 3-4 lakh per year at the beginning of your career, rest depends on your interest and hard work. For example, if you go ahead with the research part, you can get 8-10 lakh per annum as an assistant professor in any government institution and up to 8 lakh in any private university. At first, dont think much about the salary, just focus on shaping your skills and get better every day. Sooner, youll get your dream job and salary both. M.Com has become more research-oriented in the past few years, it gives you wide knowledge of management, accounting, and economics. Gain the knowledge and work very hard, success will be yours. Good luck !!!