Master of Commerce (Financial Management): Admission, Eligibility, Courses, Fees, Syllabus

MCom in Finance

M Com in Finance is a 2 year PG degree which focuses on banking financial services, insurance, commerce, accounting, economics, and management subjects. It can be pursued by the students who have a UG degree from any recognized university. 

In the MCom Financial Management admission process, the candidate’s marks should be 55% minimum marks at the UG level. Every college eligibility criteria differ, where some colleges allow admission through lists while others conduct entrance exams for the same. The average course fee lies around INR 8,000 to INR 1,50,000.

Post completing MCom in Finance students can work as Assistant Accountant, Financial Analyst & Manager, Investment Banker and get a salary of INR 3 LPA to INR 7 LPA. In future they can also opt for MBA or Phil courses in the same field.

MCom in Finance Course Highlights

The highlights for the MCom in Finance course is given in the table below:

MCom in Finance: What it is about?

All information about MCom in Finance is as follows:

• MCom in Finance  is a postgraduate course that involves a detailed study of modern and historical knowledge of financial and accounting management. 
• It also helps candidates to develop a deep understanding of accounting and finance also, to those who have zero knowledge about it. 
• Along with other subjects, it also includes management subjects to enhance the theoretical knowledge of the candidates.
• It is a two-year program that involves the detailed study of subjects in finance, accounting, risk management, project planning and control, economic analysis, marketing analysis, audit, corporate planning, etc.
• Candidates pursuing Chartered Accountants, go for this course as both subjects are similar mostly related to the field of finance and management. 
• The average MCom in Finance course fee lies around INR 3 LPA to INR 5 LPA. 

MCom in Finance: Admission Process

MCom in Finance admissions are either based on entrance exams or based on the merit lists. Every college’s admissions process is not the same, while many conduct CET and some conduct their own entrance exams depending upon state/national level.  The guide to take admissions through entrance exams is as follows: 

Entrance-Based Admission:

• Registration: Registration dates are mentioned before examinations by the college. To complete the registration process, candidates have to create an account with basic details of an e-mail I’d, name, contact number, etc.
• Fill up details: The candidates must fill up all the details very carefully. The details filled in the application form must be accurate and genuine.
• Submit documents: The required documents should be scan and upload to the official portal as per the format. The document’s format is different on every college site.
• Application fee: Once all the details are filled in and documents are uploaded, the next process is to pay the application fee. The payment can be done through all the online payment modes.
• Download Admit Card: Admit cards get released once all the candidate’s details are verified. It is mandatory for the candidates to download the admit card and take it to attend the entrance exams.
• Examination: Candidates can prepare with all the subjects mentioned for that particular exam. They can also refer to previous exam question papers to score well.
• Results: Results are released after two to three weeks of the entrance exam. Once candidates get qualified they can further move to the next process.
• Counselling & Admission: Every college held a counselling round for those candidates who have qualified for the entrance exam. They can select the preferred course as per their interest and previous education qualification.

Merit-Based Admission:

Candidates can apply for the MCom in Finance course through both online and offline processes. Candidates with merit marks can easily get admission to their desired college/university.

Below mentioned are the steps how candidates can apply for the MCom FM course:

• Visit the official admission portal of the university or can visit the office for the offline admission process.
• Fill the application form with all the required details as prescribed in the portal.
• Once the application process is done, the selection process will get started and the candidate will get allotted.

MCom in Finance: Eligibility Criteria

The eligibility criteria for MCom in Finance is as simple as any other management course. It must be noted that eligibility criteria may differ from college to college. So here are the eligibility criteria mentioned below, go through them before planning for the course.

• The most essential eligibility criterion for the MCom Financial Management course is to have a graduation degree in the commerce stream. 
• Diploma holder candidates equivalent to the required qualification can go for MCom in Finance.
• The minimum percentile requirement is 55% marks at graduation level.
• No supplementary will be allowed to go through the admission process.

Above mentioned criteria are of various colleges but many colleges have their own eligibility criteria which candidates have to fulfill to get admission.

• In the case of reserved category, students have to submit their category certificate from their regional authorities in order to avail the beneficiaries. 
• To get qualified for admission, candidates have to go through the Common Entrance Test first and have to score good marks for it. Some of the Universities entrance exams are CET, AUCET, OUCET, JUEE, etc.

MCom in Finance: Syllabus

All colleges’ syllabus are mostly the same all over the country at the management level. Here is the syllabus yearly wise for MCom in Finance.

MCom in Finance FAQs