Online M.Com course is Master of Commerce program which is for 2 years. It give knowledge of main business things like accounting, finance, economics, management and more. But, this course cost around INR 10,000 to INR 2 lakhs, depend on different universities. With this program, students can make future in accounting, finance, marketing, human resource management and more.
Best Universities for Online M.Com Course
| University (Online M.Com) | University Approvals |
|---|---|
| Chandigarh University Online | UGC-DEB, AICTE, NIRF, WES, NAAC A+, QS Ranking, ACCA, Harvard Business Publishing Edu |
| Parul University Online | UGC, NIRF, NAAC A++ |
| MODY University Online | UGC, AICTE, NAAC A+ |
| LPU Online | UGC-DEB, AICTE, AIU, NIRF, WES, NAAC A++ |
| Guru Kashi University Online | UGC, NAAC A++, ISO, BCI, PCI, NCTE |
| Amrita University Online | UGC, AICTE, NIRF, WES, NAAC A++, Category-1 Autonomy |
| Galgotias University Online | UGC, AICTE, NIRF, NAAC A+ |
| Jain University Online | UGC, AICTE, AIU, NIRF, WES, NAAC A++, QS Ranking, AUAP |
| Manipal University Online | UGC, AICTE, NIRF, WES, NAAC A+, QS World University Rankings, NBA |
| Manav Rachna University Online | UGC-DEB, AICTE, WES, NAAC A |
What is Online M.Com or Master of Commerce?
Online Masters of Commerce or M.Com is commerce based program which student did right after their graduation or this is a post-graduate level course, a student who has an interest in banking accounting, finance or BFSI and commerce sectors can go for the Online M.Com program, M.Com is a 2-year time duration course which provides in-depth knowledge into the revenue, functioning of the economy, capital, taxes, trade,
Generally, student pursue Online M.Com after the B.Com or B.Com Honour, this is also the best option for CA//CA candidate but CS/CA student generally not apply for B.Com
M.Com Online is one of the popular course in among teaches and researchers, UGC-NET/JRF and Ph.D. are among popular options for Online M.Com degree holders. Student can get admission in Online M.Com directly but to get admission in top university student have to clear the entrance exam also many universities provide the admission on merit based
Key Highlight of Online MCom
- Full form of Online M.Com the course is Master of commerce
- Time Duration of the course is two years and spread into four-semester, student can peruse Full Time and Part Time course
- Require Eligibility is minimum Bachelor’s degree such as B.Com or equivalent field with a minimum score of 50%
- The admission process for the Online M.Com course depends on university some offers on University level entrance exam on merit bases and some university conducts the exam for own university and marks scored at graduation level. Generally, admission starts in the month of May to June in universities
- Main Online M.Com Entrance Exams:, CUCET, BHU, Allahabad University PGAT, JNU Delhi University Online M.Com Exam PU CET, JUET, SKUCET, PET, and other relevant entrance exams.
Online M.Com course mode is regular education. Distance Education Correspondence/Online:
Distance Education Colleges which offers Online M.Com course Delhi University, IGNOU, IDOL SOL Mumbai University, Madurai Kamaraj University, Pondicherry University, Lovely Professional University (LPU), University of Mumbai, Amity University, Karnataka State Open University, Mahatma Gandhi University, etc.
Few of Online M.Com Specializations are M.Com Business Management, M.Com Finance, M.Com Accountancy, M.Com E-Commerce, M.Com Marketing, M.Com Banking & Finance, M.Com Accounting & Finance,
Courses that can be pursued after the MCom CFA, Ph.D., ACCA, CFP, MBA, PGDM, PGPM, CMA, CA, etc.
MCom have many specializations which cover all area for learning and research, MCom (General) and MCom (Honours) both have many specializations like
| MCom Specialisations MCom (Marketing) MCom (Statistics)) MCom (Mathematics) MCom (Accounting) MCom (Accounting & Finance) MCom (Economics MCom (Business Management) MCom (E-Commerce) MCom (Banking and Finance) MCom (Finance & Control) MCom (Taxation) MCom (Finance) MCom (Banking) MCom (Computer Application) |
MCom Required Skillset
As MCom is all about numbers, economic, graphs, accounting and calculation, hence who want to do MCom they should have analytical mind and logical thinking focused toward study and should be interested in study
| MCom Required Skillset | |
| Logical cerebral | Ability to remember facts and figures |
| Strong analytical skills | Ability to handle pressure (of course as well as work) |
| Strong in Mathematics and Good in the calculation | Strong in communication and verbal skills |
| Focused and can manage the things | Have quality of Leadership qualities |
| Interest toward banking and finance | Good with computers |
Require Eligibility Criteria for MCom Online
· To peruse MCom Student require a graduate-level degree with a minimum 50% score such as BCom or BCom (Honours) degree or any equivalent degree from a recognized university
· Few universities also offered admission to students who have done BBA, BFIA, Economics (H), also, require a minimum score of minimum 60% marks for BBE
· Reserved category students have some relaxation in marks of around 5%
· Also, a home student at State level universities got some relaxation in marks
Online M.Com Course Preparation Tips:
Every year so many students apply for the MCom course to get admission in top colleges but these colleges have fixed seats where a limited student can get the admission and that is by competition get higher day by day and that is by MCom entrance the exam requires more practice so that you can qualify for the exam and can get college according to your choice,
Below are some entrance exam key tips which can help you in preparation for the exam
Make an effective timetable: with the help of preparing a timetable you can cover each topic and each subject you can schedule the thing can work on your weak point and strong point,
Do the Practice on daily basis: The core subjects of Mcom is finance and commerce which require more practice because of its numerical topics, theorem, and logics,
Require interest in the subject’s knowledge: you can score good marks only when you have interest in subjects and have the capability to understand the things
Make Revision methodically: Revision is very necessary for the preparation of any entrance exam when you make on regular basis you will defiantly score good marks. The revision will help you to cover you all topics and subject,
Online M.Com Course Fees structure
MCom course fees totally depend on college to college and institution, fees start from 5000 INR to 1 lakhs per year, here the student has to decide what institute the choosing as per placement history faculty, the infrastructure of college, they are capable to give fees or not, generally private institute have a high fee as compare to government institute
Online M.Com Admission process
Now days every college have their own websites and portals, here candidate has to decide what college they want and according to the choice they can apply, here The candidate has to go on the website can register online, here you have to select a specialization and fill the details which they are asking
Also can apply through Offline mode here the aspirant have to go to college and have to buy the application form, fill in the details, and submit it there. At the time of registration they will ask you for the application fees and you can pay in both mode, just you have to keep the receipt with you,
Online MCom Syllabus
As MCom is a master degree where student have to choose any specialization hence the syllabus of MCom is according to specialization but here MCom have common core subject and student have to choose the elective subject according to specialization MCom is a two-year course which divided into four semester
Below are the mentioned syllabus according to paper wise topic
Financial Management and Policy
Capital Budgeting Decisions: Techniques of Evaluating Capital Budgeting Decisions, Capital Budgeting Decisions Under Constraints and with Multiple Objectives using Mathematical Nature and Kinds of Capital Budgeting Decisions Programming Models
Financial Management: Objectives, Scope and Nature, Role of a Finance Manager in a Firm and Agency Problem, Risk-Return Framework for Financial Decision-Making, Financial Decision-Making, and Types of Financial Decisions
Organizational Theories and Behaviour: Status, Neo-classical and Contemporary
Authority, Classical, Power, Formal and Informal Structure, Bureaucratization of Organizations, Organizational Behaviour-Concepts, Flat and Tall structures
Determinants, Challenges and Opportunities of OB, Models
Economic Analysis
Firm and its Objectives: Managerial Theories, Relevance of Profit Maximization in the Modern Context, Theories of the Firm Growth Theories, Satisfying Theory, Behavioural Approaches
Consumer Behaviour: Indifference Preference and Slutsky’s Analysis of Demand Type of Goods and the Demand Function, Determination of Demand. Indifference Curve Analysis, Indifference Preference, Type of Goods and the Demand Function, Revealed Preference, Theory of Attributes, Slutsky’s Analysis of Demand, Bandwagon Effect, and the Demand Function, Inter-temporal Demand Function and Demand for Durable Goods Snob Appeal,
Statistical Analysis
Probability Distribution: Poisson, Beta, and Normal Distributions, Exponential,
Statistical Decision Theory, Binomial
Probability and Expectation: Mathematical Expectation Approaches to Probability Multiplication and Bayes Theorem, Addition
Managerial Accounting
Management Accounting: Nature and Functions, Financial versus Management Accounting, Cost vs Management Accounting, Role of Management Accountant,
Cost Concepts and Classifications
Activity and Action Based Product Costing: Developing Costing Approaches, Concept, and Uses
Flexible and Absorption Costing: Assessment, Preparation of Income Statement, Concept, Applications of Variable Costing,
Business Environment
Asset Markets, Shifts in Aggregate Demand and Demand Management Policies
Basic IS-LM Frame-Work Implications of Modified IS and LM Functions on Relative Efficacy of Fiscal and Monetary Policies. Demand for and Supply of Real Balances and Interest Elasticity Short and Long-Run Aggregate Supply and Shifts in Aggregate Supply, Aggregate Demand, Aggregate Supply and Price Level, Interaction of Aggregate Demand and Aggregate Supply and Determination of Real Income, Asset Choices in an Open Economy and Capital Flows, External Balances, IS-LM-BOP Curve Analysis and Implications for Policy Choices
Expectations and Economic Behaviour, Exchange Rate Regimes, Foreign Exchange Markets, Trade Flows, Trade Flows
Quantitative Techniques for Business Decisions
Introduction: Measureable Approach to Management Decision Making
Linear Programming
Integer Programming: Problem Formulation and Solution
Shipping: Difficult Optimality MODI The method, Resolving the Problem,
Marketing Management
Overview: Marketing Management Process-A strategic perspective
Traditional View of Marketing, Marketing Environment Evolution of Marketing Concept, Modern Concept of Marketing, Marketing Functions, and Role, Buyer behavior
Strategic Management
Overview: Concept and Role of Corporate Strategy, Levels of Strategy, Basic Model of Strategic Management
Strategic Analysis: Environmental Profile, Examination of Broad Environment Constructing Scenarios
Strategic Choice
Strategic Implementation
Accounting Theory and Practice
Accounting Theory: Accounting standards in India Nature and Scope, Accounting methodology, Different approaches to theory construction. Income concepts for financial reporting
Conceptual Framework of Financial Accounting and Reporting
Issues in accounting standard-setting.
International Business
Theoretical Foundations of International Trade: Reasons for International Trade, Terms of Trade, Theories of International Trade, Gains from Trade, Foreign Trade Multiplier,
International Business: Importance, Modes of Entry into International Business, Management of International Business Operations – Complexities and Issues, Nature and Scope, IT and International Business, India’s Involvement in International Business
Human Resource Management
Themes and Controversies, Nature of Human Resource Management, Functions,
HRM, Job Analysis and Job Design, Business Strategy and Human Resource Strategy, Concepts
MCom Job Profiles and Top Recruiters
After completion MCom program student gave wide option to go for employment in the sector of BFSI or can go for lecturership or opt for the research field, There have a number of job opportunities for MCom degree student both the sector in private, public and in government sectors. Many of audit firm, National level banks, Railways department, Income Tax, MNCs, NGOs, and other many government departments are the best options for MCom degree students to aim for a protected and prosperous profession.
Top job profiles for MCom degree holders are:
| MCom Job Profiles | |
| Cashier/Teller | Accounts Executive |
| Securities Analyst | Financial Analyst |
| Assistant Manager | Finance Manager |
| Accountant/Senior Accountant | Risk Analyst |
| Chartered Accountant | Company Secretary |
| Trader | Cost Accountant |
| Business Analyst | Bank Executive |
| Finance Executive | I Insurance Agent |
| Share Broker | Marketing Manager |
| Researcher | Market Analyst |
| Bank Manager | Entrepreneur |
| Teacher | Finance Consultant |
| Wealth Manager | Lecturer |
| Auditor | Investment Banker |
MCom Top Recruiters
The core subject of MCom is commerce and finance and every company and organization private and government require at least one commerce student who has numerous capacity to handle their accounting, banking, and finance department, all banking and auditing firms investment banker, share broker, hire MCom degree students in bulk form as these are the base of these companies, the top recruiter of Mcom are all multinational companies, banks, NGOs, Audit firm
| Reserve bank services | KPMG International Cooperative |
| State bank of India | Punjab National Bank |
| ICICI Bank | Citibank |
| HDFC | Price water House Cooper |
| Bank of India (BOI) | Kotak Bank |
| HCL | Deloitte |
| IndusInd Bank | TCS |
| Ernest & Young | TFC |
Below are the few courses which student can pursue after MCom:
· PhD-Doctor of Philosophy
Ph.D. doctorate degree and the highest degree which students can do after the completion of a master’s degree MCom course. who have an interest in research and analysis can apply for Ph.D. here student have to give minimum 3-5 years to complete this, to apply for Ph.D. on entrance exams NET is one of the common exams which has to qualify for Ph.D. and equivalent national level or university level examinations. The PhD degree is the best degree who want to dedicate their career in the lectureship and in Fellowship, the plus point is of Ph.D. is that student get a scholarship as well
Commerce students can go for below Ph.D. degrees
Ph.D. in Economics
Ph.D. Accountancy
Ph.D. Business Management
Ph.D. Business Economics
Ph.D. Finance
Ph.D. Banking & Finance
· Management Courses:
There are so many courses related management such As GMAT MAT,GRE, CMAT CAT, XAT, GRE, the student can peruse these course professional of management have wide demand in every field of company, here admission is based on the entering exam such as MAT, CAT, XAT, GMAT, etc
Management degree holders various of job opportunities and better career projections in various high paying fields such as business analytics, finance, audit, management in health care, international business, management, supply chain, logistics, and many more.
Below are top master level or higher management courses that MCom students can pursue in the field of management:
PGPM (Post Graduate Program in Management)
Executive Fellow Program in Management
MBA (Master of Business Administration)
PGDM (Post Graduate Diploma in Management)
· CA – Chartered Accountancy
CA course is highly pursued of commerce stream by students because of the financial constancy of course profession also this course provides a higher-paying job. The maximum salary of a CA holder is around INR 8-25 LPA in India as per Payscale.
· CMA -Certified Management Accountant
Student Who have interest and skill in account management and can manage all account can go for CMA course this is one of the best option, the Institute of Management Accountants IMA offered Certified Management accountant course which provides you the best jobs and career prospects. A CMA Holder get around INR 7-20 LPA in India, and up to INR 35 LPA in the US and other
· CFA – Chartered Financial Analyst
Chartered a financial analyst is one of the most appreciated and hard courses to succeed. It is one of the respected and greatest certification courses for commerce stream in all over the world, the main aim of this course to deliver and modifiable high standards of education in finance field, this course has three-level which students have to qualified to become CFA students. The salary offered to of CFA candidate is around INR 5-50 LPA can be in India and in the US start from 20 LPA
· CFP – Certified Financial Planner
Commerce student mostly preferred to do this course just because of good job prospect and career in finance, The CFP certification offer an extra advantage to the candidates and provides a better reward in the industry, CFP student mostly become a Financial Consultant in India. The minimum salary offered to CFP INR 4-15 LPA, and even more in some organization after a few years of experience and effective client base data, if you are working individualistically.
· Financial Risk Manager (FRM)
Risk management is also demanding profile, all MNCs and Big organizations hire at least one of two risk managers it is an allied field, and then you should pursue FRM. FRM is an international standard certification for banking and finance professionals by the Global Association of Risk Professionals (GARP, USA). The standard salary can be around INR 8 to 20 LPA in India and more than this in the US.
· ACCA -Association of Chartered Certified Accountants
ACCA is an organization that has mainly focused on accountants in the world. Once student join ACCA they definitely get great career opportunity as an accountant and equivalent profile in India and all over the world, they offered with a salary of around INR 7-16 LPA, and above.
· CPA Public Accounting
This is the top certifications in Public Accountant US in that you can earn in the US that can help you into raise your career all over the commerce and in the field of accounting. The salary offered to CPA Public Accounting holder is around INR 7-20 LPA in India and 20 to 30 LPA in the US and other countries after qualifying this certification.
List of Online M.Com Colleges:
Many colleges provide the best education for the Online M.Com course. Some of the top colleges in India which offer the Online M.Com course as part of their curricula are tabulated below:
| Name of the College |
| Sri Ram College of Commerce [SRCC], New Delhi |
| St. Joseph’s College of Commerce, Bangalore |
| Loyola College, Chennai |
| Mithila bai College of Arts, Chauhan Institute of Science & Amrutben Jivanlal College of Commerce and Economics |
| Christ University, Bangalore |
| St. Xavier’s College, Kolkata |
| Loyola college nungam bakkam Chennai |
| Narsee Monjee College of Commerce & Economics, Mumbai |
| Shriram college of commerce |
| Shri Shankarlal Sundarbai Shasun Jain College for Women |
| Hindu College |
| Hans Raj College, Delhi University |
| Lady Sriram College for Women, New Delhi |
| Mata gujri college Jabalpur |
| IGNU |
| Anil Surendra Modi School of Commerce, Mumbai |
| Symbiosis College of Arts & Commerce, Pune |
| Amity institute |
| LPU |
| Madras Christian College, Chennai |
