Online M.Com Degree Courses in Accounting and Finance

Students can pursue an online MCom in Accounting and Finance degree after finishing their Bachelor’s degree in this field or any relevant field. MCom in Accounting and Finance is a two-year long course. After completing this program, graduates can have great career options, such as sales analyst, marketing analyst, accountant, sales manager, assistant finance accountant, etc.,. 

The scope of this program is excellent in India and foreign countries. The private and public sectors always have a demand for graduates of this program. The fee for this course is affordable for both students and working professionals.

Online MCom in Accounting and Finance spans two years. It is a postgraduate program designed for students and working professionals who are seeking to gain more skills and knowledge in the  Accounting and Finance field. This program covers topics like corporate finance, financial accounting, taxation, and more. Mcom in Accounting and Finance program empowers the students with the analytical and practical skills required to pursue a career in this field. 

Graduates can work as financial analysts, tax analysts, accountants, etc. They can also go for further studies like PhD or MPhil in this specialization or any relevant ones.  The course is designed with essential subjects, case studies, and internships that align with the requirements of the private and public sectors. 

Individuals interested in gaining in-depth knowledge and practical skills in accounting and finance can opt for this program.  MCom in Accounting and Finance is offered in two main modes. They are as follows:

• Regular: The full-time mode is also known as the regular mode. It has regular classes and coursework for the students. Students must attend the lectures from the classrooms and take exams according to the curriculum. This program is for students who can take classes regularly. 
• Online: The online MCom in Accounting and Finance program is specially designed for individuals who have jobs or responsibilities. This mode offers a flexible learning method that consists of coursework and lectures that can be attended at the student’s convenience. Students can balance their work, life, and studies easily with this program. This program is also comparatively cheaper than full-time mode, making it accessible to almost every individual.

Pursuing an online MBA in accounting and finance comes with a lot of benefits. Here are some of the advantages:

• Flexibility: This program offers flexible learning methods. It is very helpful for students and working professionals who can’t attend lectures every day due to work or responsibilities. This program offers a proper balance between work, responsibilities, life, and studies.
• Higher Education: An online MCom in Accounting and Finance graduate can do further studies. This program opens doors to academic opportunities, such as a PhD or MPhil. Students who are interested in getting more in-depth knowledge of Accounting and Finance can opt for further education.
• Affordability: This program is cheaper than the regular program. It is accessible to all the students and working individuals as it has a very low course fee. Individuals can save a lot of money by not paying for commutes, accommodation, and other expenses required for college.
• Expertise: The students who complete this program are equipped with in-depth knowledge and practical skills in accounting and finance. This helps them to explore various career options and job roles in both private and public sectors. Graduates can also go for teaching jobs in higher positions after getting advanced skills and knowledge in the field.
• Global Interactions: Students in online M.Com programs can communicate with professors and peers from all around the world. Working professionals can use networking to make useful connections with people in their sector.

An online MBA in Accounting and Finance is four semesters long. The syllabus covers topics such as accounting and finance.  The syllabus can vary from university to university, but the core subjects and topics will remain the same. 

The sections below will give an overview of the subjects covered in each semester of this program. 

MCom in Accounting and Finance Subjects 1st Year

The MCom in Accounting and Finance subjects list for the first year is given below:

Semester 1 Subjects

• Banking & Financial Services
• Business Research and Methodology
• Corporate Laws
• Economics for Business Decisions
• Quantitative Methods for Finance and Investments

Semester 2 Subjects

• Direct Tax Laws
• International Business Environment
• Entrepreneurship & Innovation
• Advanced Accounting-I
• International Financial Markets and Institutions
• Applied Learning 

MCom in Accounting and Finance Subjects 2nd Year

Read the sections below to check out the subjects of the MCom in Accounting and Finance course.

Semester 3 Subjects

• Financial Reporting
• Fixed Income Securities & Analysis
• Advanced Accounting -II
• Investment Analysis and Portfolio Management
• Open Elective Course

Semester 4 Subjects

• Introduction to FinTech and Analytics
• Business Ethics and CSR
• GST and Customs Law
• Corporate Restructuring and Valuation
• Research Project

MCom Accounting and Finance Elective Subjects

• Income Tax
• Finance and Banking
• Advanced Accounting
• Advanced Auditing
• Financial Markets and Institutions
• Investment Management
• Corporate Taxation
• Management Accounting
• Financial Risk Management
• Financial Statement Analysis

The eligibility criteria for Indian and international students are different for an online MCom in the Accounting and Finance program. 

MCom Eligibility Criteria for Indian Students

In India, students must pass these eligibility requirements to get admission:

• The students must pass a Bachelor’s degree from a recognized university.
• The students must get a minimum of 50% marks or an equivalent grade.
• No age restriction is there in this program.

MCom Eligibility Criteria for Foreign Students

International students must pass these eligibility requirements to get admission:

• The students must pass a Bachelor’s degree from a recognized university.
• The students must get a minimum of 50% marks or an equivalent grade.
• Some colleges can ask for English language proficiency scores.
• Some colleges can ask for a letter of recommendation, statement of purpose, and resume.
• No age restriction is there in this program.

The course fee for an MCom in Accounting and Finance varies from university to university. In general, it is more affordable compared to the cost of a regular MCom degree. Many universities provide the option to pay fees in installments.  The average tuition fee ranges between INR 8,000 and INR 2 Lakhs.

• The admission process for online MCom in Accounting and Finance and regular programs is different. 
• Students must fill out the application form on the college’s admission portal and upload all the documents. They must pay the fee after completing the form and wait for admission confirmation.

The admission to online MCom in Accounting and Finance conducted by the majority of universities is based on academic merit and doesn’t require an entrance exam score. However, some colleges may ask for it. Some of the popular entrance exams are:

• CUET PG (Common University Entrance Test for Postgraduate)
• CPGET (Common Postgraduate Entrance Test)
• AP PGCET (Andhra Pradesh Postgraduate Common Entrance Test) 
• MAH CET (Maharashtra Common Entrance Test) 
• BHU PET (Banaras Hindu University Postgraduate Entrance Test) 
• CUCET (Central University Common Entrance Test) 
• Hansraj College Entrance Test
• Ramjas College Entrance Test

Here is a list of jobs that the graduates can choose from after completing an online MCom in Accounting and Finance degree. 

• Accountant 
• Business & Corporate Analyst
• Executive Assistant
• Financial Analyst & Manager
• Investments Analyst / Investment Banker 
•  Market Analyst
• Marketing & Money Manager
• Operations Manager
• Personal Finance Consultant
• Securities & Risk Analyst

Here is a list of companies that hire graduates who have completed an online MCom in Accounting and Finance degree. 

• HDFC Bank
• Maruti Suzuki
• Tata AIG
• Jaypee Cement Industries
• Reliance Jio
• Wipro
• Amazon
• Punjab National Bank
• ICICI Bank
• Deloitte

India has many top colleges that offer online MCom in Accounting and Finance and regular MCom in Accounting and Finance.  These colleges provide in-depth knowledge and practical skills in this field. Graduates who will be pursuing an online MCom in Accounting and Finance program from these colleges can get career opportunities in various fields. 

Let’s take a look at the top private and government colleges that offer this program.

Top Private Colleges for MCom in Accounting and Finance

Here is a list of the top private colleges that offer this program:

• Jain University  
• Amrita University

Top Government Colleges for MCom in Accounting and Finance

Here is a list of the top government colleges that offer this program:

• University of Delhi, School of Open Learning
• Indira Gandhi National Open University 

An online MCom in Accounting and Finance program gives students a good career boost. Graduates can go for academic or professional opportunities in India and foreign countries. Both the private and public sectors look for professionals in this field to carry out their accounting and finance operations.

This program trains a postgraduate for a wide range of jobs involving the exchange of money, such as investment banking, personal financial consulting, money management, and accounting. In India, graduates of online MCom in Accounting and Finance can work in various fields such as:

• Banks
• E-commerce
• Retail
• Manufacturing 
• IT

This program is widely recognized in foreign countries as well. Graduates from this program can find employment in various fields as accounts analysts, finance consultants, assistant accounts managers, energy, telecom, accounting and auditing, etc.

Graduates can expect a salary of between INR 3,00,000  to INR 6,00,000 per annum.

Q1. Is there any scholarship offered to students who want to take MCom Accounting and Finance courses?

Ans. Yes, a lot of scholarships are provided to students for this program, but it varies from university to university. Some of them are as follows:

• Sarla Devi Scholarship
• CLP India Scholarship Scheme
• Azim Premji University Undergraduate Scholarship

Q2. What are the important MCom Accounting and Finance subjects?

Ans. Some of the important subjects of this program are:

• Indirect Taxation
• Insurance and Risk Management
• International Financial Management
• Managerial Finance
• Investment & Portfolio Management

Q3. Is there a need for an entrance test to pursue an online MCom in Accounting and Finance?

Ans. No, there is no need for an entrance exam to pursue an online MCom in Accounting and Finance degree.

Q4. Which are the important MCom Accounting and Finance books for students?

Ans. Here is a list of the most important books in this program:

• Micro-Economic Analysis
• Financial Management and Policy
• Introduction to Management Accounting
• Macro-Economic Theory and Policy

Q5. What are the skills required for an MCom in Accounting and Finance?

Ans. Students will require communication, critical, and analytics skills for this program.

Q6. Is the online MCom in Accounting and Finance Program UGC approved?

Ans. Yes, the online MCom in Accounting and Finance program is UGC-approved. This makes the degree credible in India and abroad.