What is the full form of M.COM
M.COM: Master Of Commerce
M.COM Stands for Master Of Commerce. A postgraduate degree called the Master of Commerce (M.Com) covers economics, management, accounting, and business. It is a graduate-level course in the subject of entrepreneurship. Major applicants that graduate with a B.Com then pursue an M.Com. It is one of the most well-known courses for students with a background in trade. The business and financial industries offer professional options after completing the two-year degree programme. Accounting, taxation, finance, and human resource management specialisations are available. This course has UGC approval and is a four-semester choice-based credit system. Students receive an academic degree from the relevant university that is known as a Master of Commerce after finishing a two-year study. The programme is regarded as a stepping stone to careers in insurance, banking, company secretarial, cost and work accounting, and chartered accounting. Additionally, one might continue their education and work as a lecturer and assistant professor at universities.
- The M.Com course is a favourite among students.
- Candidates must achieve the necessary qualifying marks at the bachelor's degree level to be admitted to the M.Com programme. A thorough admission procedure is provided here.
- The score attained in the degree course, B.Com, and the availability of seats is the criteria for admission to an M.Com.
- Candidates must have earned at least a 50% grade point average in their Bachelor of Commerce (B.Com) degree from an accredited university.
Specializations in M.Com
Below is information on M.Com specialities and their specifics:
- Interest rates, financial markets, banking, financial services, and financial inclusion are all topics covered in the section on finance called Financial Institutions and Markets.
- Security analysis and portfolio management cover fixed income securities, equity analysis, portfolio management, and financial derivatives.
- International Financial System, which focuses on the global monetary system, forecasting and determining exchange rates, global financial markets, global banking, and financial crises
- Marketing and sales management: This field is concerned with organising and assessing marketing initiatives. Fundamentals of personal selling, sales planning, and organisation are additional topics covered.
- International Marketing: This area of study focuses on decisions related to global product planning and pricing, global distribution, global marketing promotion tactics, and global marketing trends.
- Consumer Behaviour: This focuses on how consumers make decisions, the individual differences among consumers, and the sociocultural factors that influence consumer behaviour.
- Logistics and supply chain management, as well as supply chain and logistics difficulties, are all topics covered in this area of study.
3. Human Resource Development
- Human Resource Development (HRD): This covers HRD applications, trends, and practices.
- Management of Industrial Relations: This topic focuses on the formation and development of industrial relations, industrial conflicts and disputes, industrial conflicts and disputes resolution, trade unions, negotiation, collective bargaining, and industrial democracy.
- Implementing strategic human resource management, as well as current trends and problems, are covered in this area of study, known as strategic human resource management (SHRM).
- Laws governing compensation management and employee welfare: This category comprises numerous laws governing workforce management, such as those governing wages, compensation, and maternity benefits.
- Accounting fundamentals and other topics about finance are studied in this course.
- Taxation: This covers tax issues, tax literature, tax reviews, and other relevant topics.
- Computer Application: This software consists of a programme or collection of programmes created with end users in mind. A word processor, a spreadsheet, an accounting programme, a web browser, etc. are all included in the programme.
People who successfully complete the M.Com programme are offered opportunities in both the public and private sectors. In comparison to the private sector, the public sector pays more. According to the talents, credentials, experience, and other special requirements of the recruiters, the wage offered differs from industry to industry. The typical wage package offered to new hires or entry-level employees ranges from Rs. 2 lakhs to Rs. 5 lakhs per year. People with a sufficient number of years of experience might get between Rs. 6 lakhs and Rs. 8 lakhs per year in income.
Below are the specific compensation offers based on experience.
- Starting salaries for entry-level positions with 0 to 5 years of experience range from 2 to 5 lakh rupees annually.
- Starting salaries for mid-level positions with 5 to 10 years of experience range from 3 to 6 lakh rupees annually.
- Starting salaries for Top-level positions with 10 to 20 years of experience range from 6 to 10 lakh rupees annually.