MCom Finance and Controls Course, Duration, Syllabus, Fees, Salary 2023

Master of Commerce in Finance and Controls, also known as MCom Finance and Controls is a 2-year postgraduate course in the field of Finance and Commerce. The course is divided into 4 semesters. It basically discusses important topics related to management and control of all the financial operations in an organisation.

The candidates must complete a Bachelor degree in the field of commerce or finance with a minimum of 50% aggregate marks to be eligible for MCom Finance and Controls. The candidates from reserved categories will need to score a minimum of 45% marks to be eligible for the course.

The admission process to the MCom course varies from university to university and can be either merit-based or entrance based. The entrance exams for this course are conducted by the universities themselves.

The average annual fees for studying MCom Finance and Controls in India ranges between INR 30,000 to 1,00,000. Some public universities offer this course at as low as INR 5,000 per annum.

See Also: MCom Finance and controls

Some subjects taught during the program are: Economic Analysis and Decision Making, Accounting for Managerial Decision, Financial Accounting, Risk & Insurance Management, Quantitative Techniques for Management, Investment Analysis & Equity Research, Marketing management, Merchant Banking & Financial Services, Financial Management, International business and more. Colleges offer their own electives from which the students can choose from.

The average annual salary offered to MCom Finance and Controls candidates range between INR 6,00,000 to 15,00,000 per annum. The salary may increase significantly with the experience of the candidates.

MCom Finance and Controls: Course Highlights

Full-Form	Master of Commerce in Finance and Controls
Course Level	Post Graduate
Duration	2 years
Examination Type	Semester
Admission Process	Mostly Entrance Based
Eligibility Criteria	Graduate in Commerce
Average Annual Fees	INR 30,000 to 1,00,000
Average Annual Salary	INR 6,00,000 to 15,00,000
Top Recruiting Areas	Financial Controller, Financial Manager, Financial Officers, and many other related job positions.

Admission Process

MCom Finance and Controls: Admission Process

For admission to MCom Finance and Controls Course, most of the colleges will consider your BCom aggregate marks. The basic admission process for this course is discussed below.

Step 1: Application: The candidates must apply to the individual colleges via the online or offline application forms. The candidates will be asked their personal details like ID proof, academic credentials and percentages, etc.
Step 2: Shortlisting: Candidates will then be shortlisted based on the information.
Step 3: Merit Lists: After shortlisting the candidates, these candidates will be called for further rounds of admission like a personal interview.
Step 4: Counselling: The shortlisted candidates must report to the college/reporting centre with all the relevant documents.
Step 5: Document Verification: The candidate’s documents will be verified by the officials.
Step 6: Enrollment: The candidates found eligible during document verification will be enrolled on the MCom Finance and Controls course.

Eligibility

MCom Finance and Controls: Eligibility Criteria

Admission to the MCom Finance and Controls course on the basis of aggregate of the qualifying examination. Candidates must have at least a minimum of 50% aggregate marks

How to get Admission to Top MCom Finance and Controls Colleges?

The candidates must keep in mind the following tips to get selected in top MCom Finance and Controls Colleges.

The candidates must score well above 65% to 70% marks in graduation to secure their seats in the top colleges. They will need around 60% marks for getting a medium level college.
This course requires high management and communication skills along with sound financial handling. So, the candidates will be tested on the basis of these skills during the personal interview and document verification round.
Fill the application form carefully, so that it does not have any errors. Errors in the application may lead to the cancellation of the candidature.
The candidates with prior experience of working in the financial sector must highlight their employment aspects in the CV.
Candidates with letters of recommendation will get preferences, however, it is not compulsory.

What is it About?

MCom Finance and Controls: What is it About?

MCom Finance and Controls cover every aspect of financial management and control in any organisation.
The course discusses the process of financial and economic decision making and their impacts in the future. These include Tax Management and Planning, Risk and Insurance, and many other related topics.
The course includes important topics of financial management. These discuss the management of both debits and credits of an organisation. They include Quantitative Financial Management, Strategic Financial Management, International Finance Management, among others.
The course also touches on the accounting and taxation topics which are very important for any employee working in the financial sector. The course will also cover mutual funds, portfolios, the financial environment, and many other related topics.
Subjects related to Banking, Investments, and financial services are also covered in this course. The candidates are also taught how to market and sell these services.
Apart from these financial topics, the course also covers several important management related topics in detail. The subjects taught include Marketing Management, Retail Management, Small Business Management, Entrepreneurship Management, and many others.
Overall, this course will not only impart enough knowledge to make students capable of all the financial operations of an organisation, but it will also make students capable enough to take important financial decisions and manage their implementation.

Why Study?

Why Study MCom Finance and Controls?

MCom Finance and Controls comes with some massive advantages, which are being discussed below.

The candidates completing this course will get respectable job profiles in established financial institutions.
They will have job opportunities in both Government and Private sector organisations. Also, finance managers are recruited in all the sectors like IT, Industry, Corporate and many other sectors. So, it is not compulsory to work only in the financial sector.
The candidates are offered a very high salary which ranges from INR 8,00,000 to 15,00,000 or even higher. This is considerably higher than in many other courses.
The candidates will get many managerial jobs even if they don't complete an MBA. Thus, this course has similar job opportunities to MBA, though the fees for this course is considerably lesser than the MBA courses.
The candidates will get multiple opportunities to work and collaborate with international organisations and they can even go to work and study abroad.

Top Colleges

MCom Finance and Controls: Top Colleges

Not many colleges offer this course in India. Top Colleges offering MCom Finance and Controls course are tabulated below.

College Name	Average Annual Fees
Alagappa University, Karaikudi	INR 5,500
BJB Autonomous College, Bhubaneswar	INR 25,000
Udayanath College of Science and Technology, Cuttack	INR 41,000
Mahendra Institute of Management and Technical Studies, Khorda	INR 1,00,000
Vikram University, Ujjain	INR 11,331
Institute of Media Studies, Bhubaneshwar	INR 80,000
Mohanlal Sukhadia University, Udaipur	INR 20,000

MCom Finance and Controls: College Comparison

The top three colleges offering MCom Finance and Controls course have been compared in the table given below.

Parameters	Alagappa University	BJB Autonomous College	Udayanath College of Science and Technology
Overview	Alagappa University is a renowned public university in Karaikudi. It offers UG, PG and PhD level courses. It was established in 1985 and is recognized by UGC.	Buxi Jagabandhu Bidyadhar Autonomous College, also known as BJB college, is a public autonomous college affiliated with Utkal University. It is a NAAC A graded institute. It offers UG and PG courses.	Udayanath College od Science and Technology is an autonomous undergraduate and postgraduate college focused in the field of Science and Engineering. It also offers Commerce and Management courses.
Location	Karaikudi	Bhubaneswar	Cuttack
Admission Process	Merit-Based	Merit-Based	Merit-Based
Average Annual Fees	INR 5,500	INR 25,000	INR 41,000
Average Placement Package	INR 2,00,000	INR 2,20,000	INR 2,50,000
Top Recruiters	Axis Bank, HDFC Bank, City Union Bank, Cognizant, etc.	TCS, Wipro, Technotip, L&T, etc.	TCS, Wipro, etc.

MCom Finance and Controls: Distance Education

Though very rare, the course is offered in Distance Learning mode by a few reputed distance learning schools in India.

The candidates must be a graduate degree holder in Commerce to get admission to this course. Admission will be granted on the basis of merit.
The duration of the course ranges from 2-3 years. The materials will be offered to the candidates in postal and online modes.

Colleges that offer this course in distance learning mode are:

College	Average Fees
Alagappa School Of Distance Education, Alagappa University, Karaikudi	INR 8,800
School of Distance Education, University of Kerala, Thiruvananthapuram	INR 13,350
Amity Online University	INR 150,000

Course Syllabus

MCom Finance and Controls: Course Syllabus

The semester wise breakup of the subjects taught in MCom Finance and Controls course is tabulated below.

Semester I	Semester II
Management Concepts	Management of Financial Institutions
Economic Analysis and Decision Making	Accounting for Managerial Decision
Financial Accounting	Risk & Insurance Management
Quantitative Techniques for Management	Investment Analysis & Equity Research
Marketing management	Merchant Banking & Financial Services
Financial Management	International business
Business & financial environment	Mutual Fund & Portfolio Management
Financial Markets & Instruments	Research Methodology & Business Communication
Semester III	Semester IV
Financial derivatives & Risk Management	Strategic Financial Management
International Finance	Corporate governance & Business Ethics
IT for Managers	Commodity Markets & Futures
Strategic Management	Retail Management
Tax planning & Management	Business & Corporate Law
Service Marketing	Accounting Standards & Small Business Management
Corporate Re-structuring & Financial Engineering	M Entrepreneurship & Small Business Management
Training Projects	Project & Viva voice

Course Comparison

MCom Finance and Controls: Course Comparison

The MCom Finance and Controls course have been compared to MBA Finance course in the table given below.

Parameters	MCom Finance and Controls	MBA Finance
Full-Form	Master of Commerce in Finance and Controls	Master of Business Administration in Finance
Domain	Commerce	Management
Overview	MCom Finance and Controls cover almost all the financial control and financial management related topics but it is mostly a theory-based academic approach. Also, the management topics discussed mostly focuses on finance-related matters.	MBA Finance covers topics related to financial management, risk management and financial decision making in a more practical and technical way. It is a management degree so it focuses on the overall management aspects and how the financial decision may impact it.
Duration	2 years	2 years
Eligibility	Bachelor degree in commerce	Bachelor in any discipline with minimum 50% aggregate marks
Admission Process	Merit-based	Entrance-based
Examination Type	Semester	Semester
Top Colleges	Alagappa University, Vikram University	IIT Kharagpur, IIT Bombay, IIT Roorkee, IIT Madras, etc.
Average Annual Fees	INR 30,000 to 1,00,000	INR 3,00,000 to 15,00,000
Job Profiles	Financial Controller, Financial Manager, Financial Officers, and many other related job positions.	Finance Manager, Finance Officer, Finance Planner, Chief Finance Officer, etc.
Average Annual Salary	INR 6,00,000 to 15,00,000	INR 6,00,000 to 25,00,000

Future Scopes

MCom Finance and Controls: Future Scopes

The students completing MCom Finance and Controls course will have the following future scope options available for them.

The candidates can do higher courses like MPhil and PhD in Finance, Finance and Controls, and other related streams.
The candidates will have to qualify for exams like UGC-NET, UGC-CSIR-NET, etc to get admission in PhD courses in Finance and Controls.
The candidates who wish to get better job opportunities in future should definitely go for MBA courses. Many relevant courses like MBA in Finance, MBA in Operations, etc are available for these candidates.
The candidates will have to qualify in MBA Entrance Exams like CAT, MAT, CMAT, etc to get admission in the MBA courses. These courses will help them to get very good salary packages in future.
The candidates can also apply for various government service exams in the financial and banking sectors to get jobs as Provisionary Officers and Managers in Banks.

Job Profiles

MCom Finance and Controls: Job Profiles

The major job profiles along with the expected average annual salary for MCom Finance and Controls course are tabulated below.

Job Profiles	Job Description	Average Annual Salary
Financial Controller	Financial Controllers control and keep track of all the financial transactions. They also see the overall financial aspect of the organisation.	INR 18,00,000
Financial Manager	Finance Managers manage the finances of a company. This includes releasing finances to employees, keep a record of credits and debits, etc.	INR 9,50,000
Assistant Controller of Finances	Assistant Controller of Finances assists the controller of finances in keeping a track of all the financial transactions of a company.	INR 9,00,000
Chief Financial Officer	Chief Financial Officer or CFO is the highest authority to decide on any finance-related matter in an organisation.	INR 25,00,000
Finance Director	Financial Directors are board members who decide and foresee the financial decisions and financial situations of the organisation.	INR 25,00,000

FAQs

MCom Finance and Controls: FAQs

Ques. What are the advantages of the MCom Finance and Controls course over the MBA Finance course?

Ans. The only and biggest advantage is that the course fee for the MCom course is very low as compared to the MBA course but they offer almost similar type of job opportunities.

Ques. Can I get employed in the Banking sector after completing the MCom Finance and Controls course?

Ans. The candidates completing MCom Finance and Controls course get jobs in both private and government banks. But, they will have to apply for the banking job exams for the same.

Ques. Which reputed Public universities offer MCom Finance and Controls course in India?

Ans. Alagappa University is a reputed public sector university offering this course in India.

Ques. Can I do an MBA course in Finance after completing the MCom Finance and Controls course?

Ans. Yes, you can join the MBA Finance course after completing the MCom Finance and Controls course.

Ques. Why should I consider doing MCom in Finance and Controls after completing BCom?

Ans. The MCom course makes you eligible for many reputed jobs and higher positions that are otherwise not available to the BCom candidates. Also, it is compulsory to do an MCom course if you want to pursue research-based courses in future.