Masters of Commerce which is commonly known as M. Com is graduate degree program in Pakistan and rated as the best for those who wish to make a career in banking, financial services, insurance sector or other commerce and accounting related fields. It is a two years’ program in which deeper understanding of the concepts of economy, revenue, trade, taxes and capital are taught. The same courses are being taught at B.Com level but this is an advanced level understanding for the same students. M.Com being a specialized degree, therefore, only B.Com students can pursue it, whereas, BBA students also have similar understanding but they are more prone towards MBA rather than a M.Com. The program is also opted by aspiring teachers and researchers. Fresh graduates of M.Com are eligible to apply for PhD programs, therefore, there are huge numbers of future researchers getting themselves enrolled in M.Com.
Admissions in M.Com are done through an entrance exam which is different from one university to the other and also has a different set of criterion, however, the basic criteria can be as follow:
- Minimum 16 years of education prior to applying for M.Com with at least 2.5 CGPA to 3.0 CGPA or 50% marks in previous education.
- Mandatory for all applicants to have a commerce background and preferably B. Com (Hons.).
- Minimum 50% of marks in the entry / entrance test of university in which the student is applying.
Specializations of M.Com
Usually, universities offer a general M.Com in which all the basic subjects are being taught as this doesn’t limits the opportunities available to students after the completion of degree. But there are still few students who want to specialize in a particular area and in order to meet those needs, certain universities offer specializations during the last year of M.Com which are mentioned below:
- M.Com Taxation
- M.Com Economics
- M.Com Accounting and Finance
- M.Com Banking and Finance
- M.Com Finance and Control
- M.Com E-Commerce
- M.Com Marketing
- M.Com Business Management
- M.Com Statistics
Structure of M.Com
Students often are pursuing professional accounting qualifications while studying M.Com, therefore, exemptions are also available for the students if certain courses have already been studied in those professional qualifications. The students are assessed based not primarily on the examination but the quizzes and assignments also have their due weightage. Examinations are divided in two halves, one is conducted at the half of semester known as mid-term examination and other is the final term examination conducted at the end of semester. Students are required to either complete a research project, internship or submit a thesis as a part of degree requirement. If the students don’t opt for a thesis, they cannot apply for any PhD program, however, at a later stage, the same degree can be enhanced by submitting a thesis. M.Com students are required to maintain a CGPA of at least 2.0 for the awarding of degree by the institute as per the terms and conditions of Higher Education Commission (HEC).
The general syllabus comprises of multiple business and accounting related subjects that include Business Communication, Financial Management, Principles of Marketing, SME Management, Sociology, Statistics, Information Systems, Financial Accounting, Management Accounting, Management, Entrepreneurship, Business Ethics, HR Management, Organizational Behavior, Business Research Methods, Islamic Financing, Banking Laws, Financial Statement Analysis, Performance Management, Money and Finance, Total Quality Management, Consumer Banking, Strategic Management, Operations Management, Taxation Management, Investment Analysis, Credit and Risk Management etc.
Future Scope of M.Com
After completing an M.Com degree, the fresh graduate can explore job opportunities in various sectors, however, most of the jobs are related with accounting and financial services or tasks. Other than conventional jobs, M.Com qualified individuals can opt for teaching and research professions too. There are still large number of job options available in private and public sectors for M.Com graduates. Nationalized Banks, Income Tax departments and Pakistan Railways are considered as good career prospects. Few of the job options available for M.Com degree holders are as follows:
- Finance Executive
- Bank Executive
- Insurance Agent
- Sales Executive
However, with some sort of experience, M.Com graduates can also apply for following job opportunities:
- Finance Manager
- Accounts Manager
- Company Secretary
- Risk Analyst
- Financial Consultant
- Audit Consultant
- Securities and Business Consultant
- Investment Banker
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