Overview of M.Com. Course

Masters in Commerce (M.Com.) is a two-year course pursued by students after B.Com. It focuses on commerce, accounting, management, and economics related subjects. There are several colleges in DU which offer an M.Com. degree. The premiere institution is DSE followed by SRCC, Hansraj, Hindu, etc. M.Com. is the most preferred choice for those who want to get into the line of Teaching.

Fields in M.Com. Course

• Accountant
• Actuarial
• Consultant
• Book Keeper
• Budget Analyst
• Cashier
• Chief Information Officer
• Finance Manager
• Financial Advisor
• Financial Analyst
• Financial Controller
• Financial Planning
• Internal Auditor
• Mutual Fund Broker
• Securities Analyst
• Stock Broker

Typical Course Structure of M.Com. Course

• Business Environment: The combination of internal and external factors that influence a company’s operating situation.

• Managerial Economics: It is the science of directing scarce to manage cost effectively.

• Corporate Accounting: It deals with accounting for a company during amalgamation, mergers, dissolution, consolidated balance sheets, absorption etc.

• Organization Behaviour: It is the study of how the organization interacts and how its employees interact.

• Information Technology and Business: It is the study of how today’s business world is benefitting from IT.

• Marketing Management and Policy: It is the organizational discipline which focuses on techniques and methods of management of a firm’s marketing resources.

• Service Management: It is the supply chain management i.e intersection between the actual sales and customer point of view.

• Tax Planning and Management: It is the analysis of a financial situation or plan from a tax perspective.

• Advanced Financial Management: To apply relevant knowledge, skills, and exercise professional judgment as expected of a senior financial executive or advisor.

• Insurance: Study of the arrangement by which a company undertakes to provide a guarantee of compensation for specified loss.

• Entrepreneurship: Study of designing, launching and running a business.

• Financial Markets and Instruments: This topic covers the functioning of financial markets in which people trade financial securities.

• Industrial Relationship: Study of management and workers in industry.

• Cost and Management Accounting: Collecting, recording, classifying, analyzing, summarizing, allocating and evaluating various alternative courses of action and control of costs.

• Marketing Research: Process or set of processes that links the producers, customers and end users to the marketer through information.

• Human Resource Management: Study of how to manage human resources to maximize employee performance.

• Project Planning and Control: It is part of project management, which relates to the use of schedules such as Gantt charts to plan and subsequently report progress.

• Security Analysis and Portfolio Management: It is the study that helps a financial expert to determine the value of assets in a portfolio.

Careers After M.Com. Course

There are numerous private firms in our country that take in students of Commerce. Besides the high profile
jobs that are offered, candidates also get excellent pay packages. Graduates of M.Com can find jobs with a
Variety of sectors in the industrial field. They are:

• Banking
• BPO
• Broking
• Financial Services
• FMCG
• Insurance
• ITES
• Marketing

The majority of the freshers will commence their career as Junior Accountants, Company Law Assistant, Relationship Manager, Assistant Manager/Consultant, Articled Trainee or as Sales Officer Accounts. With more experience in the field, individuals will be able to get higher designations such as Senior Accounts Executive, Cluster Head or Cluster Manager, Senior Executive of Corporate Sales or even as ERP
Functional Executive.

Government Career after M.Com

It is possible for students of M.Com to get jobs with the public sector too. There are numerous areas where
M.Com graduates can get lucrative jobs. A few of those fields are:

• Armed Forces
• Civil Services
• Education sector
• Social Work

Students can also get employed as Accounts Officer, Accountant or Junior Accountant with departments of the state or central government. Those who desire to take up teaching can take NET or SET and join colleges or universities as:

• Administrative Officer
• Administrative Officer
• Assistant Professor
• Assistant Registrar
• Chief Accounts Officer
• Semi Professional Assistant

In addition to this, The Ministry of Health & Family Welfare also recruits postgraduates of Commerce into an assortment of professions such as:

• Data Analyst
• Finance Analyst
• Finance Assistant
• Finance Controller

Other areas where students can get employed are the Railways, Revenue Department, Union Public Service Commission, Railway Protection Force and Banks.

Those who have good verbal, as well as, writing skills can get good jobs with the National Council of Education Research and Training as Proof Readers or Assistant Editors. As for the armed forces, students can become permanent commissioned officials in the logistics cadre after the conclusion of M.Com.

Career Abroad After M.Com Course

M.Com holders have good chances to get lucrative jobs in the Middle East. Most of them are considered for finance and accounts posts such as:

• Accountant
• Accounts Executive
• Book Keeper
• Budget Analyst
• Chief Finance Officer
• Financial Analyst

Apart from this, the students also have opportunities to get jobs in American and European Countries. But, before they apply, the students need to have passed in some standardized test and exams such as IELTS, TOFEL etc.

Besides having fundamental knowledge as well as skills in the field, the students also must have CFA qualification to get a job in the majority of these countries. The CFA charter will make the quality of the students stand out and instantly recognizable by prospective employers.

Long-term Career Roadmap For M.Com Graduates

Graduates of this field are generally employed based on their field of specialty. Apart from financial services, marketing, and project management, it is also possible for candidates to work in fields like business consulting and general management.

M.Com has an element of research within it. Because of the students who wish to go for higher studies, have access to opt for courses such as Doctor of Commerce, Doctor of Philosophy and Doctor of Business Administration.

M.Com. or M.B.A.?

If it comes to doing M.Com. from DSE then M.Com. is always preferred over an MBA given MBA is from a less known college. M.Com. is mostly preferred by those who want to go into teaching line. However, in corporates, an MBA is always preferred over an M.Com.
Doing an M.Com is much cheaper in comparison to an M.B.A.

However, doing an M.B.A. gives you more exposure and hones your communication skills which gives you an edge over others as compared to an M.Com. M.B.A. also helps you to specialize in a particular field i.e. Finance, Marketing, etc. An M.B.A. is considered to be one of the most valued degrees all over the world. It’s easier for an M.B.A. student to get into a managerial position in comparison to an M.Com.

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