Commerce is one of the most lucrative careers at present. Liberalization, Globalization and Privatization have changed the world into a small global village where all the big and small industrial houses trade with each other. This era is a commercial era and the international standards are quite high. To match these standards, latest technology is being adopted, money is invested in huge amounts and one thing is of utmost importance; that is to reduce wastage of resources. It requires a strong and modern system of accounting.
This is what the M.Com offers to students – a strong base of accounting and commerce related knowledge such as industrial laws, accounting, financial planning, etc. M.Com offers students a bright career in the field of accounting. Today the need of accounting is felt in every department whether it is valuation of business or finding worth of the business, day to day functions recording or auditing and analysis of financial statements.
M.Com is a 2 year post graduate degree which includes studies of Business Administration, Management and Cost Accounting, Advanced Financial Accounting, Financial Management, Advanced Business Statistics, Financial Management, Security Analysis and Portfolio Management, International Marketing, Human resource Management, International Banking Foreign Exchange.
We can see from the above paragraph that M.Com is offering wide knowledge base to the students that will help them to understand the complexity and the implications of the current commercial era.
The eligibility criteria for admission to M.Com course differs from university to university. Basic criteria is that the student must have completed graduation degree in B.Com, BBA or any other degree level course having the accounts as its subject. Some universities also set the minimum percentage for admission from 55% to 60%. Other than that no certain criteria is laid down for M.Com.
Admission procedure again differs from university to university. Some universities conduct an entrance exam for the admission while others offer direct admission based on percentage or first come first serve basis.
Career after M.Com
Accountant, Auditing jobs, Financial and Research analyst, Accounts assistant, Financial Analysis, Teaching, accounts training, etc are some of the possible careers a candidate can pursue after doing M.Com.
Colleges and Universities
Almost all the universities such as Delhi University, Punjab University, Punjabi University, Pune University, IGNOU (Indira Gandhi National Open University), etc. This course is being offered at almost all the Universities and most academic post graduate colleges offer this particular course.
The total fee ranges from 40,000 to 1.5 lacs for whole course.