M.Com Subjects List: Year-wise Syllabus, Semesters, Specializations & Books

The Master of Commerce (MCom) is typically a two-year post-graduate or master's degree course offered in various commerce colleges across India recognised by University Grants Commission (UGC). It is designed to enhance the skills and knowledge of an individual on matters regarding commerce, finance, accounting, economics, management, and other related areas. There are many job options for MCom graduates both inside and outside of India. Tax coordinator, cost accountant, and other positions are open to MCom graduates. The MCom has a broad range of applications, and graduates can decide whether to get a job or continue their education.

Its curriculum is designed to improve commerce and banking-related skills. MCom is highly popular among graduate students in India with BCom and BCom (H) backgrounds. It provides in-depth knowledge of business and management, which are required for the efficient running of organisations and businesses. It is also popular among aspiring teachers (or lecturers) and researchers. Admission to top MCom universities is made through entrance exams. Some universities also provide merit-based admissions. On the basis of success in a pertinent MCom Entrance Test, admission is often granted to candidates with a background in commerce and a minimum of 40% marks.

Also Read about MCom Subjects:

Commerce Courses

Important Facts for MCom 

MCom courses are in high demand due to various reasons. These courses are suitable to several students and are offered in several formats, and the extensive specialisation enables the applicants to carve out a specialty across a wide range of sectors. Interested students can read on to know various points related to the programme.

• MCom is a two-year course: The Master of Commerce in India is typically a post-graduate degree of two years, i.e., there are four semesters. It focuses on business, management, commerce, and banking-related knowledge and skills. It is mainly a research study suitable for aspiring teacher or lecturer professionals, researchers, and higher education (such as MBA, CA, PhD, etc.) aspirants.
• Eligibility for MCom: Though total aggregate differs from college to college, the general eligibility criteria of a candidate for an M.Com degree is – having secured a minimum of 50% in B.Com, B.Com (Hons.), or equivalent from a recognised university. Some universities accept candidates with a minimum aggregate of 60% in Economics (H), BBA, BBE, BFIA, or equivalent. Some universities conduct group discussions and personal interviews after the clearance of the entrance exam.
• Specialisations offered in MCom: MCom gives one the choice to study in any of the offered specialisations viz;
• Accounting & Finance
• Marketing
• Statistics
• Banking
• Human Resource Management
• Economics
• Taxation
• Insurance
• Corporate Governance
• International Business Operations
• Actuarial Studies, and others

One can choose to specialise in any given area through the core and elective subjects. The number and type of subjects and specialisations offered differs from college to college.

• Scope in India: There are various fields in India that one can establish a career in after completing M.Com. One can choose to work for a business, in banks, e-commerce, finance, and economics or pursue higher education such as a PhD, CA, MBA, CFA, LLB, CFM, CFP, and others. One can also work as a teacher or lecturer in institutes. There are around 3500 colleges in India that provide an MCom degree.
• General examination pattern: Generally, students are evaluated through annual written theoretical examinations, projects, and research papers. They need to pass all compulsory and elective subjects to obtain the degree of MCom.

Also Read M Com 1st Semester Subjects:

MCom Syllabus, Courses & Specialisations

MCom Syllabus & Subjects

The subject in MCom enhances logical thinking, analytical abilities, language skills, knowledge of arithmetic and statistics, business management abilities, and teaching and research abilities. Hence, individuals who want to continue higher education (PhD) and become instructors, lecturers, or professors typically enroll in this course.

The MCom curriculum is split into two years (M Com 2 year and 1st year subjects). Throughout their first year, students are introduced to Finance, Accounting, and Commerce, with a focus on the latter two in the business world. In the second year, the full MCom course is highlighted, with an emphasis on banking, finance, projects, and genuine strategies.

Given below are tables indicating the core and elective M Com subject List.

Typical Core Subjects for MCom

The MCom programme is intended to provide students with the technical training they need to work in the banking industry. The main organising themes of the entire course are financial and business fundamentals. Check out the table below to know the core MCom banking and finance subjects in detail:

Typical Elective Subjects for MCom

The MCom programme also includes specialisations, internships, and on-the-job team projects with businesses. Students can select electives based on their preferences and aspirations for their future professional development. Check out the table below to know the major elective MCom subjects:

MCom Specialisations 

Master of Commerce (MCom) is a vast course providing various subjects and specialisations. Every specialisation focuses on a unique set of skills and knowledge so that there are various individuals with unique expertise. After completing the course, candidates can find employment in a variety of positions, including operation manager, business analyst, cost accountant, and many more. The subjects included in the programme might differ according to the specialisation opted. Some of the important specialisations offered in MCom are mentioned below.

Books and Authors Related to MCom

The focus of a master's degree in commerce can be on actuarial science, accounting, financial reporting, business administration, economics, statistics, finance, human resource management, marketing, or supply chain management, among other fields. Since Master of Commerce is a highly versatile field with many specialisations, students follow a wide range of books during their post-graduation. Listed below are some books highly referred to by the students pursuing MCom.

Entrance Exams for Master of Commerce 

Listed below are the popular entrance exams to secure seats for Master of Commerce courses at the premium commerce universities in India. The minimum eligibility condition for these exams is securing an aggregate total of at least 50% in their Bachelor's degree or equivalent from a recognised university. It is to be noted that different universities have different cut-offs and extra rounds after the entrance exam for admission. The range of difficulty of these entrance exams depends upon the organising university. One should prepare certain topics and areas of study to score well in these entrance exams. This includes Financial and Corporate Accounting, Cost & Management Accounting, Business Mathematics & Statistics, Macro & Micro Economics, Indian Economy, Indian Taxation System, and Business Laws & Policies.

• Central Universities Entrance Test (CUET): The National Testing Agency administers the Central University Entrance Exam (CUET), a national entrance examination for admission to UG programmes provided by all participating universities. Central Universities Common Entrance Exam, or CUCET, was the exam's official name until 2021 Almost 500 places in India and overseas host the exam once a year.
• Christ University Entrance Test:  Christ University Entrance Test is the entrance test conducted by Christ University at the state level for admission of students to various courses at undergraduate and postgraduate levels.
• OUCET: The Common Post Graduate Entrance Test (CPGET) is conducted by Osmania University. Through this exam, candidates can secure admission in various PG, PGD (post-graduate diploma) courses and five-years integrated courses which are offered by Osmania, Telangana, Mahatma Gandhi and Palamuru Universities. The entrance exam which was named OUCET (Osmania University Common Entrance Test), is now recognised as CPGET by the Osmania University.
• JNU CUET: For admission to undergraduate, graduate, postgraduate diploma, and advanced diploma programmes, the Jawaharlal Nehru University adopted the Common University Admission Exam. All 14 JNU-affiliated schools recognise the JNU CUET scores as valid.
• AMU Entrance Exam: Aligarh Muslim University holds the AMU entrance exam to choose applicants for admission to various undergraduate and graduate programmes. Certain Indian cities host the exam in offline mode. Every course has a different entrance exam format. A merit list for admission is compiled based on the candidates' scores in the AMU entrance exam.

Also Read M Com Advanced Accountancy Subjects: Top MCom Entrance Exams

MCom Distance Programme

Students who cannot afford full-time courses can get their degrees through distance education. Also, students who cannot meet the eligibility requirements for full-time courses opt for part-time or distance MCom programs. The syllabus of distance education programs is remarkably similar to regular programmes. The evaluation format is nearly the same as the regular courses. The minimum requirement for the distance program is securing at least a 50% aggregate score in graduation.

Top universities for the MCom distance programme are IGNOU, Annamalai University, LPU Distance Education, Jain Online University, Chandigarh University, Netaji Subhas Open University, JECRC, and GITAM.

Top Colleges for Master of Commerce 

Based on the curriculum, electives offered, and in-house placement opportunities, these are the top colleges for MCom in India.