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29824
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44032
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44032
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auckland, New Zealand
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32392
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15000
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29400
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36200
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57400
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62000
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st-lucia, Australia
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40064
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40064
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Feb, Jul
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singapore, Singapore
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16000
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17450
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17450
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28140
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28140
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brisbane-cbd, Australia
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2 years
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40064
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london, United Kingdom
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4 years
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21960
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Sep
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1 years
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23710
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Sep
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1 years
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23710
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Band 7
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Sep
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1 years
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25890
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Band 7
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Sep
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1 years
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27540
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Band 7
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Sep
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dunedin, New Zealand
Rank : #3
Duration -  
1 years
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27600
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Band 6.5
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Feb, Jul
Duration -  
1 years
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27600
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Band 6.5
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Feb, Jul
Duration -  
1 years
1 year Fee -  
27600
IELTS -  
Band 6.5
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Feb, Jul
Duration -  
1 years
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27600
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Band 6.5
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Feb, Jul
Duration -  
2.5 years
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40400
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Band 6.5
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Feb, Jul
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1 years
1 year Fee -  
41400
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Feb, Jul
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1 years
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41400
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Jul
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1.5 years
1 year Fee -  
44000
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Band 6.5
Intake -  
Feb, Jul
Duration -  
2.5 years
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44000
IELTS -  
Band 6.5
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Feb, Jul
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quebec, Canada
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2 years
1 year Fee -  
34920
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Band 6.5
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Sep, Jan,may
Updated on - November 10th 2019 by Piyush Bhartiya

Overview

If you are in search of a Master’s degree that leads to specialized positions in public and private sector, and has an emphasis on subjects such as commerce, accountancy, management and other economics-related subjects, then Master’s of Commerce is the ideal course for you.

TYPE

A Master’s in Commerce, usually shortened as M.Com, is a full-time study course for two-years, that includes theory, thesis and even research. An M.Com degree, unlike the generalized MBA and even some professional courses in commerce, is a specialization degree, as it emphasises on theoretical input. 

Exams Required

M.Com is a masters program which can be cracked easily through GRE. In case of abroad certain english proficiency tests are required to be qualified.

It includes giving TOEFL, ILETS exams and scoring the desired scores in the exams according to the specifications.

TEST MINIMUM SCORE
TOEFL 80
ILETS 6.5

Course Details

The course is a specialised course for the students of finance and corporate sector . It focuses on teaching organisational topics,statistical analysis, financial management and strategic management.

It can be pursued from different specialisations and is pursued by professionals after achieving a desired objective in the corporate field. It is a 2 year course providing enough experience in the field.

Salary Details

A M.Com postgraduate is preferred across different sectors and an individual who has recently completed the degree is easily welcome to the industry at various positions.

The preferred position is executive assistant with a salary of Rs. 35000 per  month an an average basis.

Top Universities For M.Com

  • University Of Sydney
  • University Of New South Wales
  • Victoria University Of Wellington
  • Australian Catholic University
  • IIBIT Adelaide

Top Colleges For M.com By Location

  • USA- Harvard University
  • Australia- RMIT University
  • UK- Oxford University
  • USA- Yale University
  • Sydney- University Of Sydney
  • Australia- Australian Catholic University

M.Com Course Details

Course Detail Specification

Level

Postgraduate level program

Duration

2 Years

Type

Degree Course

Eligibility

  • 10+2 level of education
  • Secondary or high school qualification/ university foundation course/Acceptable High School Certificate
  • High School Proficiency Examination Certificate
  • English proficiency test score

Admission Process

Students can take admission by applying online to the university portals and they need to submit their scorecards and other required documents. There are few universities which also conduct entrance test which has to be cleared by the student.

Course Fee

The average  per year M.com tuition fee costs 5-6 lakhs (India) and 10-30 lakhs(abroad)

Average Salary

The average salary for a M.com student is 4-5Lacs per annum.

Top Recruiters

  • Management Companies/firms
  • Finance Institutes
  • Corporate Houses
  • Healthcare Setups
  • Insurance sector

Position Offered

  • Investment Analyst
  • Accounts Analyst
  • Executive Assistant
  • Risk Analyst
  • Investment Banker
  • Operations Manager

M.Com - Top Universities

The majority of universities are located in USA catering to individuals needs and requirements . USA being a developed nation is quite expensive. The detailed structure is given below:

University Name

Location 

Fees

University Of Sydney

Sydney

Region: Australia

1st-year tuition fees

  32.65 lakhs 

Oxford University

Oxfordshire

Region: UK

1st-year tuition fees

 20 Lakhs

University Of New South Wales

Kensingston

Region: Australia

1st-year tuition fees

 23.8 lakhs

Victoria University Of Wellington

Wellington

Region: New Zealand

1st-year tuition fees

 27.59 lakhs

Harvard University

Cambridge

Region: USA

1st year tuition Fees

50 lakhs

M.com-Requirements and Eligibility

The eligibility for M.com for most of the universities is High school 10+2 with a minimum of 60% marks and an English proficiency test score. Entrance exams are conducted by various universities in order to facilitate the admission process and many colleges provide admission merely on the basis of the merit of the candidate.

The general documents that are required for applying for a Mcom degree are:

  •  Acceptable High School Certificate
  • High School Proficiency Examination Certificate
  • English Language Proficiency Certificate
  • Percentage minimum requirement:70
  • TOEFL: IBT- minimum overall score of 80;
  • IELTS: 6.5 overall with no band score below 6.0
  • PTE: 42-45 with no skill score below 50. 
  • SAT Average Score: 1270

 

M.Com-Admission and Procedure

Students have two options to get their admission to the programme. First they can fill up the applications online on the university portals or secondly they can sent their documents in order to be get accepted for the purpose.

The universities  admission dates are on their official websites and for abroad universities, the admission takes place in summer, fall and winter seasons. Applications can be sent online or through physically visiting the place Then the student has to submit the necessary documents which generally includes:

  • Acceptable High School and class 12th transcripts
  • High School Proficiency Examination Certificate
  • Financial account Information in case any aid is required
  • English Language Proficiency Certificate
  • Visa certificate

M.Com- Course and Syllabus Details

M.Com is he first professional course that is taken uafter completing its graduation therefore it gives a full insight and detailed overview of all the aspects of commerce in a detailed manner . The subjects provide a great base of both practical and theoretical knowledge of students in order to conceptualise it properly.

The most acceptable and preferable duration is 2 years of 4 semesters although  the time limit comes down to 15 months if you pursue it from abroad.

Subjects Topics Covered Objective
Management Expertise and Principles Practical concepts related to management It is basically a way to introduce the candidate with what actually is practical aspects of management.
Accounting for managerial decisions Financial Accounting, Management Accounting Accounting focuses on the practical concepts
 Inter Personal Relations Business Relations, HR Relations, Industrial Relations An insight into better resource utilisation
 Statistical Research Operational Research, Production Research A view into the production aspects of the industry
Operational Management Marketing, Operational research, Entrepreneurship How to make strategies to make a business efficient?

M.Com-Average Fees and University Wise Course Fees

M.Com is the course pursued by students in order to gain an edge over others in the form of professional knowledge , therefore the fees for this course is little high and is subjected to various other options. The course is of 2 years with an average fees of approximately Rs. 3 lakhs per year and it keeps on varying with the university.

 

University

Tuition Fees

Other Expenses

University Of Sydney 32.65 lakhs 5.3 lakhs
Harvard University 50 lakhs 7.2 lakhs
Victoria University Of Wellington 27.59 lakhs 6 lakhs
Oxford University 20 lakhs 4.5 lakhs
University Of New South Wales 23.8 lakhs 5.4 lakhs

M.Com-Career Scope 

Master’s of Commerce graduates can pursue jobs in the following domains, which are -

  • Human resource management
  • Marketing management
  • Brand and product management
  • Business Policy Adviser
  • Corporate Advisor
  • Financial manager
  • Customer Acquisition
  • Chief Financial Officer
  • Sales management
  • Operating
  • Consulting

Job & Salary Scope

Major recruiters for M.Com graduates around the world are-

  • Accenture
  • Infosys
  • Tata Consultancy Private Limited
  • Genpact
  • TechMahindra
  • Ernst & Young
  • Wipro
  • Vodafone
  • HSBC
  • Capgemini
  • KPMG

Position Offered

Average Salary

 Executive Assistant 

Rs.50000

Assistant Manager

Rs.40,000

Senior Account Executive

Rs.35,000

In fact, if you wish to study further, then you can go ahead in the following fields and subjects.

  • Master of Business Administration
  • Chartered Accountant
  • Chartered Financial Analyst
  • B. Ed/ Teaching
  •  LLB/ Law Studies
  • Computer Science and Technology
  • M. Phil courses
  • PhD/ research studies and thesis.

Thus, if you wish to make a career in commerce and economics, learning all the theoretical and practical applications of the same, then Master’s of Commerce from a reputed university abroad, can help you achieve your dreams.

Study Abroad Expert & Co-Founder @ AdmitKard

Piyush values education and has studied from the top institutes of IIT Roorkee, IIM Bangalore, KTH Sweden and Tsinghua University in China. Post completing his MBA, he has worked with the world's # 1 consulting firm, The Boston Consulting Group and focused on building sales and marketing vertical for top MNCs and Indian business houses.