M. Com.

A complete course, learn Internal Trade, International Trade, Transport, Warehousing, Banking, Insurance, Advertising

Course Duration

12 months

Course Description

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 2-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 go for 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 PhD are among popular options for MCom degree holders.

Admission to MCom in top universities is done through 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), like:

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)

MCom Syllabus

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.


Paperwise 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 Behavior-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, behavioral approaches, growth theories, satisfying theory etc. Relevance of profit maximization in the modern context.

Consumer Behavior: Determination of demand. The 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, band wagon effect and the demand function. Inter – temporal demand function. 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, the demand for and the supply of real balances and their interest elasticity’s. 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 the price level. Interaction of aggregate demand and aggregate supply and the determination of real income. Shifts in aggregate demand, 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: Its 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