Master of Commerce or M.Com. in Financial Management is a two-year postgraduate program in the domain of finance-related managerial skills and principles. The course is structured into a semester-wise orientation with each year comprising two semesters. There are a total of 4 semesters over the 2-year span of the course.
M.Com. in Financial Management course can be pursued after completion of one’s graduation from a recognized state/central/private/deemed university. Those who have attained a diploma or any certification that is equivalent to graduation can also apply. A score of at least 55% (relaxable for reserved category candidates) at graduation level is required.
Admission to the course is mostly dependent on a common entrance test based selection method while few colleges/institutes also opt for merit-based selection criterion that is the percentage of marks obtained at graduation level by the candidate. Colleges and institutes that provide admissions through CET mechanism rely on the score of All India Level common entrance exams like CCSU. M.Com. entrance test, Goa University M.Com entrance, GGSIPU CET, etc while some of them go for a separate entrance exam of their own (IIM Entrance Test).
The course is structured to provide complete knowledge and overview of financial management related principles and skills to the master’s level students so as to make them capable of undertaking their skill and knowledge into practicality. It aims at providing a complete overview of all the aspects related to the subject.
Some of the popular institutes/universities that offer the course in India are listed below:
- Catholic College
- Christ University
- Goa University
- MES Asmabi College
- NSS College
- Oriental Institute of Management Studies
- Himachal Pradesh University
- Sai Education Cell
- St. Thomas College
- CCS University
The average tuition fee charged for the course in Indian colleges/University ranges between INR 11,000 to INR 2.50 lacs depends upon the nature of college/institute (that is government, state/private/deemed) as well as its location.
Candidates completing the course successfully can expect job offers ranging from 14,000 to 20,000 per month. The annual salary can go beyond this average bracket with enhancement in the skill set and experience of the candidate.
Top Colleges for Master of Commerce [M.Com] (Financial Management)
- Master of Commerce [M.Com] (Financial Management) in Kerala
- M.Com in Delhi-NCR
- M.Com in Maharashtra
- M.Com in Chennai
- M.Com in Uttar Pradesh
- M.Com in Telangana
Master of Commerce in Financial Management: Course Highlights
|Duration of the Course||2 years|
|Eligibility||Minimum score of 55% (Relaxable for reserved category students) marks at graduation level.|
|Admission Process||Entrance exam based/Merit-based|
|Course Fee||Between INR 11,000 to INR 2.50 Lacs|
|Average Starting Salary||Rs.14,000 to 20,000|
|Top Recruiting Companies||Insurance Companies, Banks, Stock exchange, Mutual Fund Companies, NBFCs|
|Job Positions||Treasurer, Finance officer, Insurance Manager, Consultant, Controller, Risk manager etc.|
M.Com. in Financial Management: What is it about?
Finance is undoubtedly the most crucial element for kick-starting any economic venture. Finance provides a medium for accumulation and arrangement for other necessary resources like land and labour. Management, on the other hand, deals with proper organization and utilization of available resources so, as to bring out maximum output.
The very concept of management that aims at maximizing output from the input is what makes it applicable in terms of finance. Proper management of finance is crucial for cutting out wasteful expenditure and producing maximum out of available resources. Thus, enhancing the profitability of the firm.
A Master’s level course in Financial Management is structured and designed in a manner that allows students to grasp the basic essentials of the concept of financial management along with its practical application. This helps them to withstand the demands of industry in more so effective and sustainable manner.
Top Institutes offering M.Com. in Financial Management
The course is offered by a good number of colleges and universities across the country to candidates who have passed their graduation level examination from a recognized state/central/private/deemed university.
Students can take admission in the course through All India Level Entrance Test conducted by certain exam conducting authorities such as Goa University, Himachal Pradesh University etc. as well as separate exams conducted by respective Colleges/Universities (such as AMU, IIM) that are offering this course.
For your reference, we have tabulated a list of various colleges/universities that are offering this course in India.
|Institute||City||Average Fee (Per annum basis)|
|Catholic College||Pathanamthitta||INR 15,500|
|Christ University||Bangalore||INR 57,500|
|Goa University||Panaji||INR 10,567|
|MES Asmabi College||Thrissur||INR 37,500|
|NSS College||Malappuram||INR 1,585|
|Oriental Institute of Management Studies||Wayanad||INR 35,520|
|Himachal Pradesh University||Shimla||INR 30,795|
|Sai Education Cell||Delhi||INR 15,783|
|St. Thomas College||Thrissur||INR 2,650|
|CCS University||Meerut||INR 22,233|
M.Com. in Financial Management: Eligibility Criteria
Candidates must fulfil the below-mentioned eligibility criteria before applying to the course.
- Graduation from a recognized state/central/private/deemed University.
- At least 55% (relaxable for reserved category candidates) marks at graduation level in B.Com/B.Com (Hons.)/B.Com (Economics)/B.Com (Economics) (Hons.).
- No supplementary or compartment in any of the subject at graduation level that is yet to be cleared at the time of taking admissions.
Apart from the above-mentioned eligibility criteria’s various colleges and institutes may have their own additional criteria’s which the students would have to satisfy in order to take admission.
- In case of reserved category students, they would have to present their reservation certificates issued by the competent authorities in order to avail the benefits applicable to them.
- Institutes offering admissions through Common Entrance Test go for scores of CSSU CET IPU CET, etc. To get admissions in these institutes candidates would have to qualify the respective entrance exam by securing minimum qualifying marks.
M.Com. in Financial Management: Admission Process
Admission to the course is generally based on common entrance test. Candidates also get admission by the merit-based selection process.
- Majority of the universities/colleges conduct a common entrance test for admission to M.Com. courses (like IPU CET, IIM etc.) or provide admissions through commonly held entrance exams like BHU CET, CCSU CET etc. Hence, students would have to make an application for such exams.
- After the conduct of the test, a merit list of finally qualified candidates is prepared and candidates are invited for admission process by the respective university or college.
- After admission process, final allotment of seats to the candidate takes place and the candidate is asked to deposit the fee for the course and register for the respective academic year.
- The new academic year begins after the completion of all the above processes.
Admission process would more or less be same across all the colleges and universities that are offering this course.
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M.Com. in Financial Management: Syllabus and Course description
The syllabus of the course is divided into 4 semesters spread over a span of two years with end semester exams being held after each semester. The syllabus of the course is divided into various subjects and subject-specific modules that students are taught during the course of their post-graduation. The syllabus covers all the aspects related to financial management principles and skills so, as to provide a holistic understanding of the subject to the master’s level students.
1st Year of Study
|Year 1||Year 2|
|Management Principles and Practice||Human Resource Management|
|Corporate Financial Accounting||Research Methods and Statistics|
|Business Environment||Management accounting|
|Managerial Economics||Legal aspects of business|
|Computer Applications in Business||Organizational design, development, and change|
|Business communication||Elective subject|
|Financial Management||E-commerce Management|
|Marketing Management||Human Resource Management|
|International Business|| -|
|Management of financial services|| -|
|Income tax laws|| -|
|Project planning and evaluation|| -|
|Project report|| -|
|Elective subject|| -|
|Seminar and Viva Voce|| -|
M.Com. in Financial Management: Who Should Opt?
Interested aspirants for the course must possess the following:
- Students who have a background (at school, graduation level) in the respective domain.
- Those who have a career as Finance Manager in Mind.
- Those who are looking for public sector jobs after graduation.
- Those aiming at higher studies in the domain can opt for the course.
M.Com. Financial Management: Career Prospects
M.Com Financial Management postgraduates have numerous options to choose from in terms of their career. One can choose to work as Treasurer, Finance officer, Insurance Manager, Consultant, Controller, Risk manager etc.
To provide you a holistic view of the career prospects of the course we have tabled certain areas and the respective roles attached to the same where someone with Post graduation in M.Com. can look for in terms of career.
|Job Role||Job Description||Average Annual Salary|
|Treasurer||The job of a Treasurer involves a watchdog approach over all aspects of financial management working closely with other members of the management committee.||INR 2.48-3.10 Lacs|
|Insurance Manager||The job involves one to manage all the insurance-related schemes offered by a respective company along with providing assistance to the investors.||INR 2.39-2.95 Lacs|
|Consultant||A consultant plays a crucial role in providing relevant and sustainable advice to the investors who are looking for big-ticket investment in capital market.||INR 2.74-3.35 Lacs|
|Risk Manager||A Risk manager categorizes the investment and assets as risk-free or risky so as to provide a clear picture to individuals and firms in regards to their financial decision making.||INR 2.52-3.15 Lacs|
|Finance controller||The job of a controller involves approval or disapproval of expenditure on particular head based on the merit classification of the expenditure.||INR 2.82-3.25 Lacs|