MCom Business Management is a 2-year postgraduate course which deals with the process of planning, controlling, leading, staffing, directing, and controlling business activities. The program is designed for business enthusiasts who are interested in developing and managing the business.
The students who have pursued a bachelor's degree in any of the commerce streams are eligible to apply for the MCom Business Management course. A minimum of 50% score is required at bachelor’s level.
The selection for MCom Business Management is based on the merit of the students or entrance exams. Some institutes offer direct admissions whereas some accept entrance tests such as PU CET, JUET, AUCET etc.
Read More: MCom Business Management Colleges in India
Jamia Millia Islamia University, Mumbai University, St. Xavier’s College, Shivaji University are a few top colleges offering MCom Business Management course. The subjects taught include Strategic Management, Business Ethics, Corporate Social Responsibility, Entrepreneurial Management etc. The average course fee for MCom Business Management ranges from INR 10,000 - INR 15,00,000.
MCom Business Management postgraduates can get jobs in Banking Sector, Financial Sector, Economic Consulting Jobs, Commerce Sector, Marketing Companies etc as Financial Analyst, Stock Analyst, Marketing Manager, Sales Manager & Securities Analyst, Money Manager & Operations Manager, Recovery Agent & Risk Analyst etc
The average salary of MCom Business Management postgraduates ranges from INR 3.6 LPA - INR 9 LPA. JP Morgan Chase & Co, South Indian Bank, Accenture, EY are some of the recruiters of MCom Business Management postgraduates.
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Table of Content
- MCom Business Management Course Highlights
- MCom Business Management: What is it About?
- MCom Business Management: Course Advantages
- MCom Business Management Admission Process
4.2 Entrance Exams
4.3 Tips to get the Best College
8.1 Future Scope
MCom Business Management Course Highlights
| Course level | Post Graduation |
|---|---|
| Full-Form | Master of Commerce in Business Management |
| Duration | 2 years |
| Examination Type | Semester |
| Eligibility | BCom/BBA/BBM or any other equivalent degree |
| Admission Criteria | Entrance or Merit Based |
| Average Fee | INR 10,000 - INR 15,00,000 |
| Average Salary | INR 3.6 LPA - INR 9 LPA |
| Top Recruiters | JP Morgan Chase & Co, South Indian Bank, Accenture, EY, INTEl, Deloitte, HCL, Sony, etc |
| Job Profiles | Accountant, Finance Consultant, Business Consultant, Financial Consultant, Tax Assistant, Audit Associate, Tax Analyst etc |
| Employment Areas | Banking Sector, Financial Sector, Economic Consulting Jobs, Commerce Sectors, Marketing Companies, Stock Exchanges, BPOs, Education etc |
MCom Business Management: What is it About?
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MCom Business Management deals with broad business education ideas that focus on the fundamentals of business management and leadership skills.
- It is a 2-year long course which includes subjects such as Financial Accounting, Business Studies, Managerial Economics, Business Statistics etc.
- In addition to the core subjects, the course gives insights of business values as well.
- MCom Business Management opens many career opportunities for the aspirants especially for those who are planning to start their own business.
- The course also provides the necessary industrial experience through project work and practical subjects.
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One can join various private and corporate firms in the areas of Banking, Finance, Commerce, Marketing, Stock Exchanges etc.
MCom Business Management: Course Advantages
- MCom Business Management helps students to understand the basic structure of business organizations which helps them to manage the organization effectively.
- The course is ideal for students who have a keen interest in business related activities.
- Candidates get to enhance their communication and analytical skills, performance by developing leadership skills and prerequisite knowledge to handle the business aspects.
- Candidates can become Accountant, Finance Consultant, Accountant, Business Consultant, Financial Consultant, Tax Assistant, Audit Associate, Tax Analyst etc in various organisations.
- The starting salary of MCom Business Management postgraduates is approximately INR 3.6 LPA.
- Candidates can get an increment in their annual salary stipend based on their skills and experience and can go upto INR 15 LPA.
What is the MCom Business Management Admission Process?
The admission criteria for MCom Business Management is either entrance-based or merit-based and usually differs from one institute to another. The common admissions criteria is mentioned below:
- One can apply for the course through the online/offline mode as per the college by following the college rules.
- In case of entrance through entrance examinations, admissions will be done based on the entrance exam conducted by the universities or the entrance examinations.
- In the case of merit-based admissions, the college will declare a merit list for the eligible students based on the academic score.
- Some of the colleges also consider both entrance exam scores and scores in the qualifying exam for shortlisting the candidates.
- Candidates shortlisted will be required to appear for counselling rounds to secure their seats in the program.
Check: MCom Admissions 2024
MCom Business Management: Eligibility Criteria
The detailed eligibility criteria for MCom Business Management is mentioned below:
- Candidates with a bachelor’s degree in commerce field, i.e, BCom from a recognized institute are eligible to apply.
- Candidates with a BBA/ BBM or any other equivalent degree are also eligible to apply.
- A minimum of 50% aggregate is required at bachelor’s level. A relaxation of 5% is provided to SC/ST candidates by some institutes.
MCom Business Management: Entrance Exams
Below mentioned are some of the popular entrance exams for MCom Business Management:
- AUCET: It is a state-level entrance exam conducted by Andhra University which is conducted for students seeking admission to the postgraduate courses. The exam comprises MCQs for a duration of 1 hour and 30 minutes in offline mode.
- AKNUCET: The exam is conducted by the Adikavi Nannaya University for the students seeing admission to various PG courses offered by the university. The exam is conducted in offline mode with a duration of 1 hour and 30 minutes.
- OUCET: It is conducted by the Osmania University for admission to various PG, PG diploma and integrated courses offered by the Osmania University. The test is conducted in offline mode.
MCom Business Management: Tips to get the Best College
Below mentioned are some of the useful tips to help candidates in getting admissions to their desired colleges:
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Sort the preferred top-notch colleges and prepare a list of them according to your choice.
- Try to take reviews from the seniors or guides regarding the placements, fees, college life, course curriculum, etc of the colleges.
- Get to know about the difficulty level of the entrance exam conducted by that college and the type of questions asked in the exam and try to attempt at least 60% of the asked questions.
- Be aware of the entrance exam pattern and marking system. Make sure that you score more than the last cutoffs of the desired college.
- Stay updated with the result declaration dates, merit lists announcement dates and counseling dates so that you don’t miss out anything important.
- Some of the colleges also take an interview as a second-round for admission, so make sure that you are equipped with the knowledge of the recent affairs of the world along with general knowledge.
MCom Business Management: Top Colleges
| Name of College/ University | Average Fees |
|---|---|
| RA Podar College of Commerce and Economics, Mumbai | INR 12,600 |
| KPB Hinduja College of Commerce, Mumbai | INR 14,831 |
| Mithibai College of Arts, Mumbai | INR 12,841 |
| St. Xavier's College, Bardez | INR 6,515 |
| Jamia Millia Islamia University, New Delhi | INR 7,200 |
| Shivaji University, Kolhapur | INR 5,250 |
| Caramel College for Women, Salcete | INR 33,906 |
Know More: Top MCom Colleges in India
MCom Business Management College Comparison
| Parameter | Kishinchand Chellaram College, Mumbai | Mithibai College of Arts, Mumbai |
|---|---|---|
| Overview | Also known as KC College, Kishinchand Chellaram College is a public institute established in 1954 and affiliated to Mumbai University. The institute is NAAC accredited and offers various UG and PG courses in different specializations | Mithibai College of Arts is a private institute established in 1961. It is affiliated to Mumbai University and is AICTE, UGC approved. It offers various UG and PG courses in arts, science, commerce streams |
| Location | Mumbai, Maharashtra | Mumbai, Maharashtra |
| Eligibility | Graduation in the relevant or allied discipline | BCom in the respective specialization or equivalent |
| Admission Criteria | Merit based followed by Personal Interview | Entrance Based followed by CAP |
| Average Fees | INR 32,920 | INR 12,841 |
MCom Business Management Course Comparison
Below tabulated is the comparison between MCom Business Management and MCom Business Administration to help students choose the best course for them:
Checkout: Top Colleges in India offering MCom Business Administration
| Parameters | MCom Business Management | MCom Business Administration |
|---|---|---|
| Name of the Course | Master of Commerce in Business Management | Master of Commerce in Business Administration |
| Overview | MCom Business Management focuses on the fundamentals of business management and critical leadership skills and it gives insights towards core business values | MCom Business Administration focuses more on the financial and commercial aspects of the business-related deals and planning, structuring related to them |
| Duration | 2 Years | 2 Years |
| Eligibility | Bachelor's degree in commerce or any related discipline | BCom with an aggregate of 50% and equivalent |
| Admission Criteria | Entrance and Merit-based | Entrance and Merit-based |
| Average Fees | INR 10,000 - INR 15,00,000 | INR 20,000 to 5,00,000/- |
| Average Salary | INR 3.6 LPA - INR 9 LPA | INR 3.80 LPA - INR 9 LPA |
| Job Profiles | Business Analyst, Finance Manager, Business Manager, Accountant, Finance Consultant, Business Consultant etc | Finance Manager, Lead Consultants, Assistant Accountant, Accountant, Database Administrator etc |
| Top Recruiters | JP Morgan Chase & Co, South Indian Bank, Accenture, EY, INTEl, Deloitte, HCL, Sony etc | Finance Ministry, Excise and Taxation Department, Banking, Management Sector etc |
MCom Business Management: Syllabus
| Semester 1 | Semester 2 |
|---|---|
| Strategic Management | Research Methodology for Business |
| Economics for Business Decisions | Macroeconomics Concepts |
| Cost and Management Accounting | Corporate Finance |
| Business Ethics and Corporate Social Responsibility | E-Commerce |
| Semester 3 | Semester 4 |
| Human Resource Management | Supply Chain Management |
| Rural Marketing | Advertising and Sales Management |
| Entrepreneurial Management | Retail Management |
| Marketing Strategies and Practices | Tourism Management |
| Organizational Behaviour | Management of Business Relations |
| Project work- I | Project work- II |
MCom Business Management: Job Prospects
The recruiters in both the public and private sectors are always in the need of applicants possessing a professional career related to business management and related fields. The salary trend graph of MCom Business Management postgraduates is depicted below:
A list of some of the common job profiles for MCom Business Management graduates along with their description are listed below:
| Job Title | Job Description | Average Salary |
|---|---|---|
| Business Analyst | Analyzing the existing system with respect to business strategies is the job of a Business Analyst | INR 5 LPA |
| Finance Manager | Finance Manager makes the efficient use of various accounting and budgeting techniques | INR 8 LPA |
| Business- Banking Relationship Manager | Implementing various efficient managerial techniques in the banking field is the main role of Business- Banking Relationship Manager | INR 4 LPA |
| Operations Manager | Operations Manager is in charge of the planning and execution of routine functions | INR 7.66 LPA |
MCom Business Management: Future Scope
MCom Business Management postgraduates are provided ample job opportunities in private as well as corporate sectors. Below mentioned are some of the most recommended future choices for such candidates:
- Candidates with the necessary business skills can prefer to do highly payable jobs on completion of the program in various employment areas such as Banks, Economic Consulting Jobs, Various Corporate Sectors, Educational Institutes, Indian Civil Services, etc.
- One can become an entrepreneur and develop his/her own businesses and companies.
- One can also prepare for Chartered Accountancy or Certified Management Accountant courses.
- One can opt for PhD Commerce.
Know More: List of PhD Commerce Courses in India
MCom Business Management: FAQS
Ques. How do I apply for MCom in Business Management after completing a BMM degree in Mumbai University?
Ans. You can apply for MCom in Business Management in any desired college by filling the application form. First check if the institute accepts any entrance exam or else provides direct admissions. Prepare accordingly and try to score more in both entrance and academics.
Ques. What can I do with the gap of 2 years of academic year and have pursued an MCom in business management?
Ans. If you are looking for a job in the corporate world, then explore a specialist programme which addresses some skill gap. It could be data analytical or risk management. Check out GRMI at Gurugram for a one year programme as they have a great placement record.
Ques. What are the best post graduate degrees for commerce students?
Ans. Master of Commerce (MCom), Master of Business Management/Administration (MBM/MBA), Master of Foreign Trade (MFT), Master of Financial Accounting (MFA), Master of Investment and Financial Analysis are some of the popular PG courses for commerce students.
Ques. What are the entrance examinations for getting admission to MCom in business management?
Ans. There are various entrance tests conducted at the state private and government bodies. OUCET, JET, AUCET are some of the well-known examinations.
Ques. Which are the top MCom Business Management colleges in India?
Ans. Narsee Monjee College of Commerce & Economics, Narsee Monjee College of Commerce & Economics, St. Xavier's College Mapusa are some of the top institutes for Mcom business management in India.
Ques. Who are the recruiters of the MCom business management postgradautes?
Ans. Capgemini, Tata Capital, J.P Morgan Chase & Co, Accenture, EY, Yes Bank etc are some of the government and non-government companies where the MCom graduates can be placed.
![Jamia Millia Islamia University-[JMI]](https://images.collegedunia.com/public/college_data/images/appImage/25460_JMI_APP.jpg?h=150&w=320&mode=stretch)
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