byGaganDeep
Updated on - 22 May, 2024
The M.Com in Accounting and Finance is a postgraduate programme which offers sophisticated and effective knowledge and expertise in the field of accounting and finance, taxation, auditing and matched disciplines. This course normally takes 2 years to complete and plays a key role in preparing the students for analytical and managerial responsibilities in accounting and finance careers. It offers programs in some fields such as financial accounting, management accounting, corporate finance, investment analysis, financial markets, quantitative methods, research methods, and among others.
The admission requirements for M.Com Accounting and Finance involve the scores obtained in CAT, XAT, MAT, CMAT, ATMA, GMAT, AMCAT, and state level entrance tests. The exam dates for the respective courses vary depending on the semester, and they are conducted between November and May every year. Some colleges also accept students on the basis of his/her scores in the bachelor’s. While applying, it is crucial to note that the application season usually falls between June and September every year.
| Feature | Details |
|---|---|
| Full Form | Master of Commerce (Accounting and Finance) |
| Duration | Typically 2 years (Full-time) |
| Course Level | Postgraduate |
| Eligibility | Bachelor's degree in Commerce (B.Com) or equivalent with minimum marks requirement (varies by institution) |
| Top Colleges (India) | Shri Ram College of Commerce (Delhi), Lady Shri Ram College for Women (Delhi), Symbiosis College of Arts and Commerce (Pune), Christ (Deemed to be University) (Bangalore), Indian Institute of Management Calcutta (Kolkata), Indian Institute of Management Ahmedabad (Ahmedabad) |
| Entrance Exam (may apply) | University Entrance Exams (e.g., CUET PG), Institute-specific Entrance Exams (e.g., CAT) |
1. The candidate should have completed their graduation with a bachelor’s degree in commerce or its allied fields such as accounting, economics, finance, and banking etc., with not less than 50 percent aggregate marks from a recognized university.
2. It is seen that many a times college may specify that mathematics is compulsory at graduation standard or at least in class twelfth.
3. Some institutes may also have additional prerequisite such as work experience in accounting, auditing or in any related finance field.
4. Common tests such as CAT/MAT/ XAT or state level entrance tests may be necessary for entry into some of the best B-schools offering M.Com.
5. As for the recruitment policy, there is no age limit, and people from different stages in their education or employment can apply.
6. IELTS/TOEFL may be necessary for foreign students for admission depending on the course they are applying to.
1. CAT – Common Admission Test conducted by IIMs is an entrance exam that comprises of Questions checking verbal ability, quantitative ability, data interpretation and logical reasoning.
2. XAT – Xavier Admission Test carried out by XLRI examines logical reasoning, decision making, quantitative, verbal and analytical skills.
3. CMAT – Common Management Admission Test which is conducted by AICTE gives weightage to the tests like quantitative section, logical reasoning, language knowledge, and general knowledge.
4. MAT that is Management Aptitude Test conducted by AIMA is aimed at assessing the intelligence, language ability, basic mathematical computation, data analysis and interpretation.
5. ATMA – AIMS Test for Management Admissions by AIMA include assessment of quantitative ability, verbal skills, analytical ability, and logical ability.
| Subject | Important Topics |
|---|---|
| Financial Accounting | Advanced Accounting Standards (Ind AS), Company Analysis & Interpretation, Consolidated Financial Statements, Accounting for Leases |
| Management Accounting | Cost Management Techniques (Activity-Based Costing, Lean Costing), Budgeting & Forecasting, Performance Management, Transfer Pricing |
| Financial Management | Capital Budgeting Techniques (IRR, NPV, etc.), Cost of Capital, Dividend Policy, Working Capital Management |
| Auditing | Auditing Standards & Procedures, Internal Audit, Risk Assessment & Audit Planning, Audit Report Writing |
| Security & Forensic Accounting | Fraud Detection & Investigation Techniques, Forensic Accounting Procedures, Corporate Governance & Risk Management |
| Taxation | Direct Taxes (Income Tax, Tax Planning), Indirect Taxes (GST), Transfer Pricing Taxation |
| Elective Courses (Options may vary) | Financial Markets & Instruments, Investment Management, International Finance, Financial Econometrics, Securities Analysis |
1. Passed 12th standard in any group like commerce, arts, business administration, etc. and any graduation like B.Com, BA, BBA, etc. with minimum 50% marks.
2. Visit the various universities and request for the entrance exam forms and pass the exam
3. Review set of requirements that different colleges provide and select several most suitable
4. You can either apply online on the website or can download the form and submit it with the required documents and application fees.
5. If called for counseling rounds /interviews appear for the same if you have made the cut
6. Pay admission fees to the institute to get the final admission confirmation.
| College Name | Location | Estimated Annual Fees (INR) |
|---|---|---|
| Delhi School of Economics (University of Delhi) | Delhi | 25,000 - 35,000 |
| Department of Commerce (University of Calcutta) | Kolkata | 15,000 - 20,000 |
| Madras Christian College (University of Madras) | Chennai | 20,000 - 25,000 |
| Lucknow University | Lucknow | 12,000 - 15,000 |
| Patna College (Patna University) | Patna | 10,000 - 12,000 |
| Fergusson College (University of Pune) | Pune | 18,000 - 22,000 |
| The Hindu College (University of Delhi) | Delhi | 20,000 - 25,000 |
| Hansraj College (University of Delhi) | Delhi | 16,000 - 20,000 |
| Sri Venkateswara College (University of Delhi) | Delhi | 15,000 - 18,000 |
| Maharaja Agrasen College (University of Delhi) | Delhi | 14,000 - 17,000 |
| College Name | Location | Estimated Annual Fees (INR) |
|---|---|---|
| Symbiosis College of Arts and Commerce (SCAC) | Pune | 1,50,000 - 2,00,000 |
| Christ (Deemed to be University) | Bangalore | 2,00,000 - 3,00,000 |
| Narsee Monjee College of Commerce and Economics (NMIMS) | Mumbai | 2,50,000 - 3,50,000 |
| Amity University | Various Locations | 1,00,000 - 1,50,000 |
| Jain University | Bangalore | 1,50,000 - 2,00,000 |
| KIIT School of Management | Bhubaneswar | 1,20,000 - 1,80,000 |
| The ICFAI University | Various Locations | 1,20,000 - 1,80,000 |
| Woxsen School of Business | Bangalore | 1,80,000 - 2,50,000 |
| SP Jain Institute of Management and Research (SPJIMR) | Mumbai | 2,00,000 - 3,00,000 |
| Alliance School of Business (ASB) | Bangalore | 1,80,000 - 2,20,000 |
| College Name | Location | Average CTC Range (INR) |
|---|---|---|
| Shri Ram College of Commerce (SRCC) | Delhi | 6 LPA - 12 LPA+ |
| Lady Shri Ram College for Women (LSR) | Delhi | 5.5 LPA - 10 LPA |
| Symbiosis College of Arts and Commerce (SCAC) | Pune | 5 LPA - 8 LPA |
| Christ (Deemed to be University) | Bangalore | 4.5 LPA - 8 LPA |
| Narsee Monjee College of Commerce and Economics (NMIMS) | Mumbai | 6 LPA - 10 LPA |
| Indian Institute of Management Calcutta (IIM Calcutta) | Kolkata | Refer to IIM C website |
| Job Title | Specialization Area | Average Salary (INR) |
|---|---|---|
| Chartered Accountant (CA) | Accounting, Auditing, Taxation | 7 LPA - 15 LPA+ |
| Certified Management Accountant (CMA) | Management Accounting, Cost Management | 5 LPA - 10 LPA |
| Financial Analyst | Financial Modelling, Investment Banking | 5.5 LPA - 12 LPA |
| Investment Analyst/Portfolio Manager | Investment Management, Wealth Management | 6 LPA - 15 LPA+ |
| Tax Consultant | Direct Tax, Indirect Tax (GST) | 4.5 LPA - 8 LPA |
| Internal Auditor | Risk Management, Corporate Governance | 5 LPA - 9 LPA |
| Management Consultant | Financial Consulting, Business Valuation | 6 LPA - 12 LPA |
| Corporate Accountant | Financial Accounting, Management Reporting | 4.5 LPA - 8 LPA |
| Banking Officer (Specialist) | Credit Analysis, Treasury Management | 4 LPA - 7 LPA |
| Financial Risk Analyst | Market Risk, Credit Risk Management | 5 LPA - 10 LPA |