Dnyanganga Shikshan Prasarak Sanstha Wanoja

Smt. Salunkabai Raut Arts & Commerce College, Wanoja

"Reaccredited "B" Grade by NAAC, Bangalore." C.G.P.A. 2.46

Master of Commerce (M.Com.)


About Course

Masters of Commerce or MCom is a post graduate level course ideal for candidates who wish to make a career in banking financial services and insurance (BFSI) as well as accounting and commerce sectors. The two-year course delves deeper into the functioning of the economy, capital, revenue, trade, taxes, etc. taught in BCom.

Since MCom is a specialized area in itself, only those candidates who have pursued BCom or BCom (H), can pursue it. MCom is also a good option for CA/CS candidates. However, not many CA/CS aspirants pursue MCom as CA/CS courses can be pursued after Class 12.

MCom is most popular among aspiring teachers/lecturers and researchers. UGC-NET/JRF and Ph.D. are among popular options for MCom degree holders. Admission to MCom in top universities is done through an entrance exam. Many universities offer merit-based admission to the course.

MCom covers a wide area for study and research and has many specializations to offer besides MCom (General) and MCom (Honours) such as:

List of MCom Specialisations 

MCom (Taxation)

MCom (Economics)

MCom (Mathematics)

MCom (Accounting)

MCom (Accounting & Finance)

MCom (Statistics)

MCom (Banking)

MCom (Finance)

MCom (Banking and Finance)

MCom (Finance & Control)

MCom (Marketing)

MCom (E-Commerce)

MCom (Business Management)

MCom (Computer Application)

  • Minimum eligibility criteria for MCom is a minimum of 50% marks in aggregate in BCom or BCom (Honours) or equivalent from a recognized university
  • Some universities also induct students who have completed Economics (H)BBA, BFIA and BBE will a minimum score of minimum 60% aggregate or equivalent
  • Reserved category students are entitled to marks relaxation of up to 5%
  • State level universities also offer marks relaxation to home students
Duration of course

BCom is a 3-year UG program


In MCom, while core courses remain the same for all, candidates opting for a specialisation have to choose from elective courses. Take a look at the MCom syllabus and topics generally taught in a MCom course of two years.


Paper-wise Topics in MCom Syllabus 

Organisation Theory and Behaviour

Organizational Theories and Behavior: Classical, Neo-classical and Contemporary

Authority, Power, Status, Formal and Informal Structure, Flat and Tall structures

Bureaucratization of Organizations, Organizational Behaviour-Concepts, Determinants

Models, Challenges and Opportunities of OB

Statistical Analysis

Probability and Expectation: Approaches to Probability, Addition, Multiplication and Bayes Theorem, Mathematical Expectation

Probability Distribution: Binomial, Poisson, Exponential, Beta and Normal Distributions

Statistical Decision Theory

Economic Analysis

Firm and its Objectives: Theories of the Firm, Managerial Theories, Behavioural Approaches, Growth Theories, Satisfying Theory, etc. Relevance of Profit Maximization in the Modern Context

Consumer Behaviour: Determination of Demand. Type of Goods and the Demand Function, Indifference Curve Analysis, Indifference Preference and Slutsky’s Analysis of Demand, Revealed Preference, Theory of Attributes, Snob Appeal, Bandwagon Effect and the Demand Function, Inter-temporal Demand Function and Demand for Durable Goods

Financial Management and Policy

Financial Management: Nature, Objectives and Scope, Financial Decision-Making and Types of Financial Decisions, Role of a Finance Manager in a Firm and Agency Problem, Risk-Return Framework for Financial Decision-Making

Capital Budgeting Decisions: Nature and Kinds of Capital Budgeting Decisions, Techniques of Evaluating Capital Budgeting Decisions, Capital Budgeting Decisions Under Constraints and with Multiple Objectives using Mathematical Programming Models

Managerial Accounting

Management Accounting: Nature and Functions, Financial vs Management Accounting, Cost vs Management Accounting, Role of Management Accountant,

Cost Concepts and Classifications

Activity Based Product Costing: Concept and Uses, Emerging Costing Approaches

Variable and Absorption Costing: Concept, Comparison, Applications of Variable Costing, Preparation of Income Statement

Business Environment

Basic IS-LM Frame-Work, Asset Markets, Demand for and Supply of Real Balances and Interest Elasticity, Implications of Modified IS and LM Functions on Relative Efficacy of Fiscal and Monetary Policies. 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, Shifts in Aggregate Demand and Demand Management Policies

Exchange Rate Regimes, Foreign Exchange Markets, Asset Choices in an Open Economy and Capital Flows, Trade Flows, External Balances, IS-LM-BOP Curve Analysis and Implications for Policy Choices

Expectations and Economic Behavior

Quantitative Techniques for Business Decisions

Introduction: Quantitative Approach to Management Decision Making

Linear Programming

Transportation: Solving the Problem, Testing Optimality MODI Method

Integer Programming: Problem Formulation and Solution

Marketing Management

Introduction: Traditional View of Marketing, Evolution of Marketing Concept, Modern Concept of Marketing, Marketing Functions and Role, Marketing Management Process-A strategic perspective

Marketing Environment

Buyer behavior

Strategic Management

Introduction: Concept and Role of Corporate Strategy, Levels of Strategy, Basic Model of Strategic Management

Strategic Analysis: Analysis of Broad Environment- Environmental Profile, Constructing Scenarios

Strategic Choice

Strategic Implementation

Accounting Theory and Practice

Accounting Theory: Nature and Scope, Accounting methodology, Different approaches to theory construction.

Conceptual Framework of Financial Accounting and Reporting

Issues in accounting standard setting. Accounting standards in India. Income concepts for financial reporting

International Business

International Business: Importance, Nature and Scope, Modes of Entry into International Business, Management of International Business Operations - Complexities and Issues, IT and International Business, India’s Involvement in International Business

Theoretical Foundations of International Trade: Reasons for International Trade, Theories of International Trade, Gains from Trade, Foreign Trade Multiplier, Terms of Trade

Human Resource Management

Nature of Human Resource Management, Concepts, Functions, Themes and Controversies

HRM, Job Analysis and Job Design

Business Strategy and Human Resource Strategy


After completing MCom, a candidate can seek employment in the BFSI sector, opt for a teaching job or lecturer-ship or go for research. There are various job options for MCom degree holders in the private, public as well as government sectors. Nationalised banks, Railways, Income Tax and other such government departments are good options for MCom degree holders to aim for a secure and prosperous career. Some of the top job profiles for MCom degree holders are:

MCom Job Profiles

Accountant/Senior Accountant

Finance Manager

Finance Executive

Financial Analyst

Assistant Manager

Accounts Executive


Cost Accountant

Chartered Accountant

Company Secretary

Bank Manager

Risk Analyst

Business Analyst

Marketing Manager

Securities Analyst

Investment Banker

Share Broker

Bank Executive

Wealth Manager

Market Analyst






Finance Consultant


Insurance Agent


Every business organization, whether it is an international conglomerate or a NGO, requires commerce graduates in various capacities to run their finance and accounting department. Banks and auditing firms hire MCom degree holders in large capacity. Top recruiters includes banks, multinational companies, finance firms and auditing agencies.

Top MCom Recruiters


Punjab National Bank




PricewaterHouse Cooper



IndusInd Bank


Ernest & Young


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