M.Com (Master of Commerce) in Banking and Finance is a 2-year postgraduate level Banking course. It is the study of the conception of Banking, Finance and Financial Management, and Banking Law.
The prospective candidates must have a bachelor’s degree in commerce stream with the same subjects and the minimum required score is 45% to 50%. The admission process is dependent on the candidate’s performance in bachelor’s degree and some institutes may conduct entrance exams for admission.
MCom Banking and Finance Quick Facts
| Degree | M.Com in Banking and Finance |
| Level | Post Graduate |
| Examination Type | Semester |
| Duration of the Course | 2 years |
| Eligibility | B.Com Degree with 45% – 50% |
| Annual Course Fee | Between INR 2 lakh to 5 lakh |
| Average Salary | 4 LPA |
| Top Hiring Companies | Indian Economic Services, Banks, Business Schools, Consultancy, Credit Companies, etc. |
| Job Positions | Marketing Executive, AO, Customer Service, Credit and Task Manager, Business Analyst, etc. |
| Top Colleges in India | St. Xaviers College (Mumbai), Loyola College (Chennai), Lady Shri Ram College for Women (New Delhi), Madras Christian College (Chennai) |
All About MCom Banking and Finance
Master of Commerce in Banking and Finance is a postgraduate program that primarily focuses on the systematic study of concepts of specialized subjects and subjects related to banking and financial circles.
- This course prepares students for professional competency in banking and finance and provides a solid foundation in the field of banking and insurance, making it easy to achieve leadership/managerial roles in both banking and finance.
- Candidates are also able to take their jobs in employment sectors like credit companies, banks, the Indian economy, consulting, business schools, etc.
- The candidates who want to do this course must have a bachelor’s degree in commerce stream with similar subjects and the minimum required score is 50%.
- For the duration of 2 years, the average fees of this course are charged between INR 90 thousand to 6 lakh.
- The applicants can also apply for the UGC-NET or JRF exam upon completion of the program.
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Top colleges of Banking and Finance are St. Xaviers College (Mumbai), Loyola College (Chennai), Lady Shri Ram College for Women (New Delhi), Madras Christian College (Chennai), etc.
Why Study MCom Banking and Finance?
Master of Commerce is a reputed degree. Specialization in Banking and Finance opens up a lot of opportunities including the following:
- Endless Career Options: A career in this field provides candidates the foundation for a wide range of careers in banking, insurance, broking, and fund management. The candidate will be able to work with the corporate, in the financial markets, or with the government. This course provides professional training and development.
- Salary and Benefit: The banking and finance sector allows you to enjoy a strong salary proposition as well as other incentives such as insurance, discounted travel, meals, and private healthcare.
- International Travel and Working Abroad: After being professional in this course can take you to work in the financial centre of another continent. Candidates will be able to work in international spheres, globalization, foreign insurance, and foreign banks.
- Enhanced Capabilities: After doing Bachelor’s and masters in banking and finance will increase the candidate’s knowledge in the banking sector and will make a favourable CV in front of recruiters.
MCom Banking and Finance Admission
The admission process is dependent on the performance of a Bachelor’s degree in the same stream and some institutes may conduct Entrance Quantitative Exams. 45% to 50% score in Bachelor’s degree is the eligibility criteria of this course.
Eligibility Criteria
The eligibility criteria for this course is the completion of B.Com or Graduate (Hons) in Economics and Management as their major discipline with a minimum 45-50% aggregate score obtained in the examination.
Admission 2024
- Go through the eligibility criteria and see if you are eligible so that you can apply for this course or be ready for entrance examinations of some institutes.
- There can be personal Interviews that will be done by the Institutes themselves which will conduct the exam.
- Fill in all the details attentively while applying for the college.
- After completion of all the processes, pay the course fee.
Merit-Based Admission: Merit-Based Admission will be based on the candidate’s score of Bachelor’s degree with commerce stream.
Entrance Based Admission: Some institutions may require Entrance Exam Scores. These entrance exams are usually conducted by the University itself.
Entrance Examination
| Name of the Exam | About the Exam | Application Fee | Total Number of Seats |
|---|---|---|---|
| BHU PET | Banaras Hindu University, Varanasi, Uttar Pradesh conducts this University National Level Exam every year for PG Courses including M.Com and thousands of students participate in it. It is a famous and reputed University. | SC/ST/PC-Rs 300 Others- Rs 600 | 7323 |
| Delhi University M.Com Entrance Exam | Delhi University (DU) conducts this exam every year for candidates who want to pursue M.Com courses. A cut-off list is released by all the DU colleges and candidates get admission who clears the cut-off. It is most likely to begin in June. | – |
General- 92 OBC-50 ST-28 SC- 15 |
| SRMHCAT | It is an online entrance exam conducted by Shri Ramaswamy Memorial Institute of Science and Technology (SRMIST), Chennai. It is an SRM common admission test for providing admission in commerce courses, engineering, and management of UG and PG levels. 150 minutes is the duration of the exam. | INR 1100 | – |
| PU CET (PG) | It is a state-level entrance exam for admission in different fields like commerce, management, science, etc. Punjab University, Chandigarh conducts this exam for PG courses and programs in May and June. | General – Rs 2175 SC/ST/PwD – Rs 1188 | – |
| AUCET | Andhra University (AU), Visakhapatnam conducts this exam every year in may-June for admission of PG courses only. Andhra University Common Entrance Test is a state-level test and its mode is offline. The affiliated colleges are Srikakulam, Dr BR Ambedkar along Andhra University. | General- Rs 600 Reserved Category- Rs 500 | – |
| Allahabad University PGAT | The University of Allahabad conducts this exam every year in March-April for admission of PG-level courses. Allahabad University Undergraduate Admission Test is a state-level entrance exam and its mode is usually offline. |
Unreserved, OBC and EWS category- Rs 800 SC/ST/PH -Rs 400 |
– |
| CUCET | Central Universities Common Entrance Test (CUCET) is an all-India test jointly by 10 central Universities. Central University of Rajasthan (CURAJ) conducts this exam every year in April-May Month and It is an offline exam. This exam offers admission into various Diploma, UG, PG, PhD programs of the participating Universities and College |
General/OBC – Rs 800 SC/ST – Rs 350 PWD – Exempted from a fee of application |
The Central University of Jammu-1364; Central University of Punjab-853; Central University of Rajasthan-1030; Central University of Odisha-524; Central University of South Bihar- 1115; Central University of Andhra Pradesh- 195; Central University of Karnataka-631; Central University of Gujarat- 660; Central University of Tamil Nadu- 1129; Central University of Kerala-1009 |
Entrance Exam Dates
M.Com admission in India is done based on entrance examinations conducted by various institutes. Some of the known M.Com entrance exams in India are AUCET, DUET, SKUCET, OUCET, etc. Some institutes conduct these exams in online mode while some universities like Delhi university conduct the exam in offline mode. The candidate can get all the important dates in the table given below:
| Name of Examination | Period of Application | Date of Examination |
|---|---|---|
| CUCET | 1st week of February 2024 – 2nd week of March 2024 |
15th May 2024 to 31st May 2024 |
| AUCET | To be Announced | To be Announced |
| PUCET PG | To be Announced | To be Announced |
| Allahabad University PGAT | To be Announced |
To be Announced |
| OUCET | To be Announced | To be Announced |
| KU PGCET | To be Announced | To be Announced |
| JUEE | To be Announced | To be Announced |
| MGKVP | To be Announced | To be Announced |
Entrance Examination Preparation Tips
These preparation tips will help many students, as lots of students want to know how to prepare themselves easily or how to crack the exam easily.
- The candidate must make a plan on how to prepare himself/ herself for the entrance exam. You should ensure that you have good knowledge about this exam like exam pattern, syllabus, and important books related to this exam, and collection of previous question papers of the particular exam you are preparing for. You must have important websites and updated news for getting information about the exam.
- Positive attitude building is an important part of preparation. you should create a positive attitude. You shouldn’t think about failing. You should always think that you can crack this exam along with other students So that you can prepare with a peaceful mind.
- Self-assessment is one of the essential ways to find out your weaknesses and try to improve them. You may take the help of your teacher, books, and coaching.
- The candidate must find out the important focus area of the exam. To know this, the candidate must check and read the previous question papers.
- To crack the exam, the candidate needs regular revision. Revision should not be left for the last month before the exam.
- The candidate should be in good health for better concentration in studies. The candidate should sleep properly, take light food, and avoid junk food.
- Hard practice is mandatory to crack the examination. In the absence of hard and continuous practice students are not able to prepare the entire syllabus thoroughly.
- Students are suggested to give mock tests regularly at least twice a week to analyze their mistakes and never repeat them and try to improve more.
- The candidate must build the subject-wise knowledge and concept of the exam. You should consult many books in this regard.
- Solve all previous year’s question papers for finding question patterns, question weightage, important topics, et cetera, and to manage your time question-wise.
MCom Banking and Finance Syllabus
There are a total of 4 semesters in this course in which 5 subjects will be given to students and they can choose any 3 subjects out of 5 according to their interest. The syllabus is tabulated below for the two years of the program:
| Years | Syllabus |
|---|---|
| Year 1 | Banking Law and Practices |
| (Skill based) Legal Framework of Banking | |
| Commercial Bank Management | |
| Investment Management Analysis | |
| Financial Risk Management | |
| Cooperative Banking System | |
| Financial Institutions and Markets | |
| Accounting and Auditing of Banking | |
| International Finance | |
| Financial Services | |
| Year 2 | Commercial Bank Management |
| Financial Markets | |
| Accounting of Banking Sector | |
| Treasury Management | |
| Debt Market | |
| International Finance | |
| Financial Services | |
| Auditing of Banking Sector | |
| Investment Management | |
| Currency Derivatives |
Course Comparison: MCom Banking and Finance vs MBA Finance
| Parameters | M.Com Banking and Finance | MBA Finance |
|---|---|---|
| Degree | Master in Commerce | Master of Business Administration |
| Stream | Commerce | Management |
| Level | Postgraduate | Postgraduate |
| Duration | 2 years | 2 years |
| Admission Process | Merit-Based or Entrance test | Entrance Exam based |
| Average Fees | It depends on the particular college but M.Com is cheaper than MBA. | It also depends on the particular college but MBA is more expensive than M.Com. |
| Average Salary | INR 3 LPA to INR 10 LPA | INR 5 LPA to INR 30 LPA |
| Eligibility | Bachelor’s degree with commerce stream | Graduation in any stream |
| Top Colleges |
St. Xavier’s College, Mumbai; Loyola College, Chennai; Lady Shri Ram College for Women (LSR), New Delhi; Madras Christian College (MCC), Chennai; Narsee Monjee College of Commerce and Economics, Mumbai |
SP Jain School of Global Management (SPJSGM), Mumbai; Quantum University, Roorkee; Lovely Professional University (LPU), Jalandhar; Apex University, Jaipur Shoolini University, Solan |
MCom Banking and Finance Distance Mode
Distance learning helps students maintain their part-time and full-time work schedules and other responsibilities, while at the same time earning an M.Com degree. Some college names are listed below:
| College Name | Total Fees |
|---|---|
| Indira Gandhi National Open University (IGNOU), New Delhi | INR 5,500 |
| Yashwantrao Chavan Maharashtra Open University (YCMOU), Nashik | INR 8,500 |
| Acharya Nagarjuna University, Centre for Distance Education (ANUCDE) | INR 10,570 |
| Centre for Distance and Open Learning-Jamia Millia Islamia, New Delhi | INR 24,000 |
| Netaji Subhas Open University (NSOU), Kolkata | INR 7,600 |
| Dr. B.R. Ambedkar Open University (BRAOU), Hyderabad | INR 9,800 |
| Vision Institute of Advanced Studies, New Delhi | INR 11,000 |
| Shivaji University, Directorate of Distance Education (DDE), Kolhapur | INR 10,550 |
| Dravidian University, Directorate of Distance Education (DDE), Kuppam | INR 3,300 |
M.Com Banking and Finance Colleges in India
| College Name | First Year Fees |
|---|---|
| Narsee Monjee College of Commerce and Economics, Mumbai | INR 32,000 |
| Madras Christian College, Chennai | INR 29,064 |
| Shri Ram College of Commerce (SRCC), New Delhi | INR 58,800 |
| St. Joseph’s College of Commerce (SJCC), Bangalore | INR 81,600 |
| Christ University, Bangalore | INR 75,000 |
| Kristu Jayanti College (KJC), Bangalore | INR 80,000 |
| Kishinchand Chellaram College (KC College), Mumbai | INR 32,920 |
| The Oxford College of Business Management, Bangalore | INR 70,000 |
| St Francis College for Women, Hyderabad | INR 12,080 |
| L.S. Raheja College of Arts and Commerce, Mumbai | INR 14,846 |
| Amity College of Commerce and Finance(ACCF), Noida | INR 116,000 |
| Sri Venkateswara University (SVU), Tirupati | INR 9,900 |
| Mithibai College of Arts, Mumbai | INR 32,000 |
| Stella Maris College, Chennai | INR 20,000 |
| Hansraj College (HRC), New Delhi | INR 17,034 |
| Symbiosis College of Arts and Commerce, Pune | INR 40,511 |
| Hindu College, New Delhi | INR 18,310 |
| Goenka College of Commerce and Business Administration, Kolkata | INR 1,485 |
| Sacred Heart College (SH), Ernakulam | INR 8,100 |
| St. Ann’s College For Women, Hyderabad | INR 12,080 |
M.Com Banking and Finance Top Colleges Abroad
| College Name | Annual Fees (INR) |
|---|---|
| Worcester Polytechnic Institute (WPI), Massachusetts, Worcester | 21,58,397 |
| University of Wollongong (UOW), Wollongong, New South Wales | 12,05,725 |
| Ryerson University, Toronto, Ontario | 13,24,809 |
| Flinders University, Adelaide, South Australia | 24,26,336 |
| University of Tasmania (UTAS), Hobart, Tasmania | 30,06,871 |
| Rensselaer Polytechnic Institute (RPI), New York, Troy | 41,30,726 |
| University of Southern Queensland (USQ), Toowoomba, Queensland | 12,80,153 |
| Tulane University, Louisiana, New Orleans | 18,98,334 |
| Stevens Institute of Technology, New Jersey, Hoboken | 43,31,680 |
| Bond University, Gold Coast, Queensland | 24,70,993 |
MCom Banking and Finance Scope
M.Com Banking and Finance is a ticket to a career in the banking sector. This course helps students to be professional in the Banking sector and the banking sector requires trained individuals with operational knowledge for day-to-day banking activities. There are many scopes in M.Com Banking and Finance.
- After completing M.Com in Banking and Finance, students can continue their studies and then opt PhD in banking. PhD in banking is a doctorate-level course. It enhances the communication and administrative skills of students and after doing PhD students can earn around INR 5 lakh per annum.
- Students can give an attempt in several exams also like UGC-NET or JRF.
- There are many job scopes also in banking like corporate analyst, sales officer, money manager, etc.
MCom Banking and Finance Salary and Jobs
After successful completion of this course, students will have a wide range of job positions available like customer service, credit and risk manager, Asset manager, loss control specialist, marketing executive, business Analyst, AAO, Investment Banker, security Analyst, AO, etc.
Top Recruiters
Every Business Organization whether it is NGO, Conglomerate, or International Organization needs commerce graduates in various capacities to work in their finance and accounting departments.
Banks and auditing firms recruit M.Com students in large capacities. Top recruiters are multinational companies, auditing agencies, finance firms, banks, and many more. Name of some recruiters are given below:
- ICICI Bank
- Citi Bank
- Deloitte
- Ernest and Young
- HDFC
- TFC
- Punjab National Bank
- KPMG
- SBI
- RBS
- Pricewaterhouse Cooper
- Indusind Bank
Job Profile
| Job Profile | Description | Average Salary Per Annum (INR) |
|---|---|---|
| Risk Analyst | A risk analyst identifies, evaluates, and monitors the amount of risk faced by the organization. | 6-7 lakh |
| Sales Officer | Sales executives are those who work with companies’ sales teams to determine the best strategy for increasing customer purchases. | 6-7 lakh |
| Loan Counsellor | A loan counsellor helps an interested client or borrower to find the best loan scheme for their needs. | 4-5 lakh |
| Treasurer | A treasurer is responsible for running the treasury of an organization including cash and liquidity management, corporate finance, and risk management. | 8-9 lakh |
| Market Analyst | Market Analyst helps companies determine which products are in demand, who will buy the product, and the price they are willing to pay. | 5-6 lakh |
MCom Banking and Finance Skills
M.Com Banking and Finance students need to have sharp analytical skills, communication skills, and love for members. To pursue a career in banking and finance, one should possess these skills:
- Strength in mathematics
- Ability to handle pressure at work.
- Good with computers
- Eye for detail
- Ability to remember facts and figures
- Leadership quality
- Logical reasoning
- Strong verbal and communication skills
- Knowledge of banking and finance sector
- Strong analytical skills