M.Com. (Banking and Finance) or the Master of commerce specialized in Banking and finance is a 2 year Post Graduation course where you can study subjects like Investment Management Analyst, International Finance, Commercial Bank Management which have wide application in the field of banking and management, globally.
The eligibility for M.Com. (Banking and Finance) admission requires passing out Under Graduation course, preferably Bachelors of commerce from a recognized board or council. The passing of B.com. Means different to different universities, but the commonly expected score is 55% marks. Scores secured in various entrance exams also become criteria for admission in colleges under Universities like Delhi University.
Admission to M.Com. (Banking and Finance) is mostly provided based on merit while few universities offer admission based on scores secured in entrance exams like MGKVP, DUET, CUCET.
The most desirable ventures for learning M.Com. (Banking and Finance) include Narsee Monjee College of Commerce And Economics, Loyola College, Hindu College, etc with average fees that vary from INR 17,000 to INR 1,60,000. IGNOU, Shivaji University Directorate of Distance Education, Kolhapur, Dr.B.R. Ambedhkar Open University (BRAOU), etc are some of the colleges which offer M.Com. (Banking and Finance) in distance education mode are the average fees various from INR 5,000 to INR 25,000.
For a graduate who Completed M.Com. (Banking and Finance), Highly reputed job profiles are offered by top Banks, NBFCs, stock marketing agencies, Business Schools, with an average salary that ranges between INR 3Lakhs – INR 6 Lakhs per annum. While many candidates prefer Govt. jobs, there is a wide variety of opportunities available in the economic and commercial institutions of Central and state governments.
M.Com. (Banking and Finance): Course Highlights
| Specification | Details |
| Course type | Post Graduation |
| Course Duration | 2 years (4 semesters) |
| Examination Type | Semester-based exams |
| Eligibility | B.Com degree |
| Admission process | Both merit-based and Entrance Exam based |
| Course Fee | INR 1.5 Lakhs- INR 5 Lakhs |
| Average Salary | INR 3 Lakhs- INR 6 Lakhs |
| Top recruiting institutions | Banks, NBFCs, Schools, Colleges, Credit rating companies, Economic and Business service providers |
| Top recruiters | SBI, ICICI Bank, Amazon, Indian Economic Service, Deloitte |
| Job Position | Internal auditor, Investment Analyst, Loan officers, Managing executive, marketing Executive, Business Analyst, stock Analyst |
M.Com. (Banking and Finance): About the Course
M.Com. (Banking and Finance) or the Master in commerce specialized in Banking and finance where the graduation is done with a focus on the banking sector and its scope. It covers major financial and banking subjects like international finance, financial market, bank’s operation, auditing, accounting within 2 years. The course opens a door to both the national and international sources of finance and the systematic management of financial risk management that M.Com (Banking and Finance) graduates suitable to head the economic and commercial institutions of government.
The M.Com (Banking and Finance) graduate can also become a highly paid professor in high-ranking colleges in India and Abroad. MNCs and banks hire M.Com (Banking and Finance) graduates to take advice on financial planning and client service on loan distribution, credit services.
M.Com (Banking and Finance) graduation costs below INR 2 lakhs in India whereas his average salary would be about INR 3 Lakhs per annum in the beginning.
M.Com (Banking and Finance): Admission Process
Admission for M.Com (Banking and Finance) is either merit-based or based on the score secured on the entrance examination, which varies regarding the college you choose. Most institutes offer admission based on merit while few institutes offer admission based on performance in entrance examinations like MGKVP, DUET, CUCET.
Steps for Merit-Based Admission:
- Colleges publish details of admission on their website after the B.Com. Exams results are published by most of the universities of the country.
- Candidates with minimum eligibility criteria as specified in the college/ university website can visit the respective college website and apply for a seat, through an online application.
- Based on students who applied and the number of seats available, the colleges/universities may declare an allotment list (which may be done more than once) which has a list of students.
- If you find your name appearing in any of the lists, you can visit the college to secure your admission, appearing with all the documents validating your claim in the online application.
Steps for Entrance Based Admission:
- Universities and other bodies publish details of entrance examinations on their website after the B.Com. Exams results are published by most of the universities of the country.
- Interested candidates can visit the respective website, check their eligibility, and apply for the entrance exam, by paying application fees, online.
- Candidates can download their admit cards from the respective website where they made their applications. The admit card would have details of the date and time when the exam would be conducted.
- The candidates are advised to appear for the entrance exam without any delay, ensuring all the guidelines are followed. Most of the bodies are strict with their rules.
- On the given date, the exam conducting body publishes the list of successful candidates with their respective marks on the website.
- The candidates who secure the cut-off mark or above would be allotted a seat in the institution, after the interview, document verification, and other related formalities.
M.Com (Banking and Finance): Eligibility
- Candidates should have completed B.Com (or B.A.Economics, in rare cases) from a recognized university.
- Some colleges prefer candidates with finance as a compulsory subject.
- Candidates must hold a minimum of 55% aggregate marks which may vary for different categories of students.
M.Com. (Banking and Finance): Entrance Exams
Different bodies in India conduct their entrance exams at different times in a year. But most of the entrance exams will commence from the period in which the degree exams are finished. Currently, the exam conducting bodies have not declared the dates for the entrance exams for 2022 admission. But below are the tentative dates when we can expect those exams’ registration and commencement:
| Exam Name | Registration Date(tentative) | Exam Date(tentative) |
| CUCET | June 2022 | July 2022 |
| PGAT (ALLAHABAD) | May 2022 | June 2022 |
| QUCET | April 2022 | June 2022 |
| MGKVP | Sept 2022 | Oct 2022 |
M.Com. (Banking and Finance): Distance Education
Most institutes that offer M.Com. (Banking and Finance) in distance education mode is of 2 years duration, mostly offered in 4 semesters.
- M.Com. (Banking and Finance) in distance education mode is best suited for students who would love to learn while working, for whom the regular mode won’t be flexible.
- Institutes like Indira Gandhi National Open University (IGNOU), New Delhi, and Netaji Subhas Open University(NSOU), Kolkata are the most desired locations for M.Com. (Banking and Finance) in distance education mode
- Most institutes offer M.Com. (Banking and Finance) in distance education mode offer admission based on merit with an average fee ranging between INR 15,000 and 25,000
M.Com. (Banking and Finance) Distance Education: Top Colleges
| Name Of College/University | Average Fees (INR) |
| Indira Gandhi National Open University (IGNOU), New Delhi | 5,500 |
| Netaji Subhas Open University(NSOU), Kolkata | 7,600 |
| Dr.B.R. Ambedkar Open University (BRAOU), Hyderabad | 9,800 |
| Yashwantrao Chavan Maharashtra Open University(YCMOU), Nashik | 8500 |
| Shivaji University Directorate Of Distance Education, Kolhapur | 10,550 |
| Dravidian University Directorate Of Distance Education, Kuppam | 3,300 |
| Vision Institute Of Advanced Studies, New Delhi | 11,000 |
| Jamia Millia Islamia Centre For Distance And Open Learning, New Delhi | 24,000 |
M.Com. (Banking and Finance): Syllabus
The syllabus of M.Com. (Banking and Finance) as offered by various universities across India is more or less similar for different universities. But the complete syllabus is not unified.
The below table shows subjects offered by various institutes for M.Com (Banking and Finance).
| Semester I | Semester II |
| Business ethics and corporate social responsibility | Legal Framework Of Banks |
| Commercial Bank Management | Investment Management Analysis |
| Strategic Management | Research Methodology |
| Cost and Management Accounting | Financial Institutions And Markets |
| Accounting And Auditing Of Banks | Financial Risk Management |
| SEMESTER III | SEMESTER IV |
| Commercial Bank Management-II | Treasury Management |
| Financial Services | Accounting For Banking Sector |
| Auditing For Banking Sector | Investment Accounts |
| Debt Market | International Finance |
| Currency Derivatives | Financial Markets |
Top colleges offering M.Com. (Banking and Finance) In India
| Name of College/ University | Average Fees |
| NIMS University, Jaipur | 1,60,000 |
| Shri Ram College Of Commerce, New Delhi | 58,800 |
| Hindu College, New Delhi | 36,620 |
| Loyola College, Chennai | 24,000 |
| Madras Christian College, Chennai | 29,000 |
| Christ University, Bangalore | 1,40,000 |
| Narsee Monjee College Of Commerce And Economics | 28,000 |
| Stella Maria College, Chennai | 40,000 |
| Kristu Jayanti College, Bangalore | 1,60,000 |
| Mount Carmel College, Bangalore | 1,20,000 |
| St. Joseph College Of Commerce, Bangalore | 81,600 |
| Kishinchand Chellaram College, Mumbai | 32,920 |
| The Oxford College Of Business Management, Bangalore | 70,000 |
| St. Francis College For Women, Hyderabad | 12,000 |
| L.S. Raheja College Of Arts And Commerce, Mumbai | 14,800 |
| Amity College Of Commerce And Finance, Noida | 1,16,000 |
| Symbiosis College Of Arts And Commerce, Pune | 40,500 |
| Hansraj College, New Delhi | 17,000 |
M.Com. (Banking and Finance): Job Profile
On completing M.Com. (Banking and Finance), candidates may choose careers in different industries like Banks, NBFCs, Credit rating companies, Economic and Business service providers, stock broking firms, market research firms.
Also, candidates who prefer teaching as a profession can go for entrance examinations like NET and JRF, which open the door to the academic world as a professor or research specialist.
Below is a tabulated representation of the various job profiles suitable for candidates after completing M.Com. (Banking and Finance).
| Job Profile | Average Annual Salary |
| Financial analyst | INR 6-8 Lakhs |
| Stock Analyst | INR 6-7 Lakhs |
| Marketing executive | INR 5-6 Lakhs |
| professor | INR 8-12 Lakhs |
| Higher Secondary Teacher | INR 5-6 Lakhs |
| Loan Official | INR 6- 7 Lakhs |
M.Com. (Banking and Finance): FAQs
Ques. What should I do after completing M.Com (Banking and Finance)?
Ans. On completing M.Com (Banking and Finance), the graduate has a wide scope to work in different fields like banks, schools, commerce, and economic related institutes. one can take different head roles in these institutions like Internal auditor, investment Analyst, Loan officers, Managing executive.
Ques. Is M.Com (Banking and Finance) good for the future?
Ans. The completion of M.Com (Banking and Finance) can give you scope for research and secure a Ph.D. in Banking. The concepts of banking are nowhere as detailed as it is discussed in this course. Thus it is obvious that M.Com (Banking and Finance) will make you an expert in banking.
Ques. Is doing M.Com (Banking and Finance) mandatory to get a job in a bank?
Ans. No. M.Com (Banking and Finance) gives us a wide and high-level insight into the concept and features of banking in detail. The topics covered in the syllabus give high importance to this. But a mere degree in commerce (through IBPS)can make you eligible for a job in banks.
Ques. M.Com (Banking and Finance) or MBA, which is better?
Ans. When we look from the perspective of the academic side, M.Com (Banking and Finance) is more economical and is easy to cover. But MBA has its advantages when we compare it from an international point of view.
Ques. Can we study M.Com (Banking and Finance) abroad?
Ans. M.Com (Banking and Finance) is not commonly available as an option to study abroad. This doesn’t mean that M.Com (Banking and Finance) is not a good option for higher studies. This is simply because many internationals haven’t yet recognized M.com as a discipline, and have MBA as an alternative.
Ques. Will I get a job at Postal service after M.Com (Banking and Finance)?
Ans. Yes. M.Com (Banking and Finance) is accepted as post-graduation for posts like marketing manager, Human resource manager.
Ques. Can I work as an external auditor after M.Com (Banking and Finance)?
Ans. No. M.Com (Banking and Finance) doesn’t qualify you to become an external auditor. But you can act as an internal auditor in firms.
Ques. Can I take M.Com (Banking and Finance) and MBA together?
Ans. Yes. Taking an M.Com (Banking and Finance) degree doesn’t forestall you from taking an MBA, simultaneously. But you can’t take both from a single university at a time as a part of the universities policy to allot seats to every eligible candidate.
Ques. Can an M.Com (Banking and Finance) graduate become a bank manager?
Ans. Yes. M.Com (Banking and Finance) makes a candidate qualified for applying for the post of bank manager. But the course alone can’t take you to the post and you’ll have to undergo other formalities like a written test.
Ques. Do M.Com (Banking and Finance) have international value?
Ans. M.Com (Banking and Finance) is not an option for higher studies outside our country. The master of Commerce is compared to a master in Business Administration (MBA) and thus, M.com doesn’t have an international acceptance, generally.
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