
Updated on May 10, 2025
Shivam Kumar
Updated on May 10, 2025
Shivam Kumar
MCom Banking and Finance expanded as a Master of Commerce in Banking and Finance is a specialized postgraduate program approved by the University Grants Commission (UGC). This 2-year specialized program lets the candidates dive deeper into the fields of Banking and Finance.
For the candidates who wish to pursue MCom Banking and Finance, the eligibility criteria for MCom Banking and Insurance is an Undergraduate Degree preferably BCom from a recognized university. Admission to MCom in Banking and Insurance is generally based on Merit, however, some universities do conduct an entrance examination.
The fees of MCom Banking and Finance may vary depending on the institution you’re choosing. Colleges like KPB Hinduja College of Commerce or Lady Shri Ram College for Women may offer the course for INR 20,000 – 50,000. On the other hand, colleges like LPU, and Bharati Vidyapeeth Deemed University may offer the same courses for INR 30,000 – 1,00,000.
Completing your master's in Banking and Finance does broaden your career choice. Candidates can pursue job roles like Chartered Accountant, Corporate Accountant, Business Consultant, Professor, Tax Consultant, Investment Banker, Financial Planner, Wealth Manager, Fund Manager, etc. The average salary you can get after completing MCom in Banking and Finance is INR 2,50,000 – 14,00,000.
Followed are some of the basic details of the MCom Banking and Finance:
Details | Particulars |
---|---|
Course Name | MCom Banking and Finance |
Course Level | Postgraduate |
Duration | 2 Year/4 Semester |
Course Type | Full Time/Part Time |
Admission Process | Merit-Based/Entrance Based |
Eligibility Criteria | Undergraduate Degree (BCom preferred) from a recognized university with a minimum of 50%-55%. |
Course Fees (Average) | INR 50,000 – 1,00,000 |
Subjects | Strategic Management, Financial Markets, Accounting of Banking Sector, Cost and Management Accounting, Corporate Finance, Debt Market |
Top Colleges | KPB Hinduja College of Commerce, Lady Shri Ram College for Women, Dr. Shantilal K. Somaiya School of Commerce and Business Studies, Narsee Monjee College of Commerce & Economics (Autonomous), HR College of Commerce & Economics |
Job Profile | Chartered Accountant, Corporate Accountant, Business Consultant, Professor, Tax Consultant, Investment Banker, Financial Planner, Wealth Manager, Fund Manager |
Top Recruiters | Deloitte, EY, KPMG, PwC, HDFC, Google, Microsoft, Amazon, Apple |
Average Salary in India | INR 2,50,000 – 14,00,000 |
Candidates who are looking to pursue MCom Banking and Finance from a certain university might have to appear for an entrance exam. Listed below are some of the entrance exams:
Entrance Exam | Conducting Body | Application Date (Tentative) | Exam Date (Tentative) | Application Fees/- |
---|---|---|---|---|
CPGET | Osmania University | Late May to Early June 2025 | July 2025 | ₹800 (General), ₹600 (SC/ST/PH) |
CUET PG | National Testing Agency (NTA) | Late March to Early April 2025 | 13 Mar - 1 Apr 2025 | ₹800 (General), ₹600 (SC/ST/PH) |
AP PGCET | Andhra Pradesh State Council of Higher Education (APSCHE) | Late May to Early June 2025 | 5-7 June 2025 | ₹800 (General), ₹600 (SC/ST/PH) |
MAH CET | State Common Entrance Test Cell, Maharashtra | Late February to Late March 2025 | 28 March 2025 | ₹1,000 (General), ₹800 (SC/ST/PH) |
URAT PG | University of Rajasthan | Late May to Early June 2025 | June 2025 | ₹500 (General), ₹300 (SC/ST/PH) |
Listed below are some of MCom Banking and Finance Colleges in India. Let’s have a look at them:
NIRF Ranking (College) | Colleges | Course Fees (Approx.) |
---|---|---|
- | KPB Hinduja College of Commerce, Mumbai | INR 27,000 |
14 | Madras Christian College, Chennai | - |
- | Dr. Shantilal K. Somaiya School of Commerce and Business Studies, Mumbai | INR 1,24,800 |
- | Narsee Monjee College of Commerce & Economics (Autonomous), Mumbai | INR 37,510 |
- | HR College of Commerce & Economics, Mumbai | INR 6,40,000 - 7,20,000 |
43 | Osmania University, Hyderabad | INR 40,600 |
78 | Bharati Vidyapeeth Deemed to be University, Pune | - |
- | Alva’s College, Karnataka | INR 18,500 |
Admission to PG Courses may vary depending on the institution type. The Admission to MCom Banking and Finance is similar, to give the candidate an overview, listed below is the admission procedure for the Madras Christian College, Chennai.
For the students who want an idea of what kind of subjects they’ll be studying, this semester wise syllabus is taken from KPB Hinduja College of Commerce, Mumbai.
Semester I | Semester II |
---|---|
Strategic Management | Research Methodology for Business |
Economics for Business Decisions | Macro Economics Concepts and Applications |
Cost and Management Accounting | Corporate Finance |
Business Ethics and Corporate Social Responsibility | E-Commerce |
Semester III | Semester IV |
---|---|
Financial Markets | Investment Management |
Accounting of the Banking Sector | Currency Derivatives |
Commercial Bank Management | Auditing of the Banking Sector |
Debt Market | International Finance |
Treasury Management | Financial Services |
Completing MCom in Banking and Finance broadens the job opportunities for the candidate. Listed below are some of the Job Profiles candidates can pursue. The sources are taken from credible platforms like Naukri, Payscale, and Indeed.
Job Profiles | Experience | Recruiters | Average Salary |
---|---|---|---|
Chartered Accountant | 0-1 Years | Stanley Lifestyles | INR 12,00,000 – 15,00,000 |
Corporate Accountant | 0-2 Years | Corporate Connections | INR 6,00,000 – 7,00,000 |
Professor | 3-7 Years | - | |
Investment Banker Analyst | Fresher | Trigger Education Services | INR 2,50,000 – 6,00,000 |
Senior Banker | 12-17 Years | Deutsche Bank | INR 10,00,000 – 12,00,000 |
Tax Consultant | 0-6 Years | EY | - |
Financial Planner | 4-7 Years | HARMAN | INR 15,00,000 – 20,00,000 |
Fund Manager | 1-2 Years | Desicrew Solutions | INR 2,25,000 – 2,50,000 |
An MCom in Banking and Finance broadens the scope of opportunities candidates can get. A masters degree in Banking and finance lets the candidate dive deeper into it. Students can pursue job roles like Chartered Accountant, Corporate Accountant, Business Consultant, Professor, Tax Consultant, Investment Banker, Financial Planner, Wealth Manager, Fund Manager.
The M.Com in Banking and Finance program typically lasts for two years, divided into four semesters. This structure allows students to cover a comprehensive curriculum that includes both theoretical and practical aspects of banking and finance.
Candidates must hold a Bachelor's degree in Commerce (B.Com) or a related field with a minimum aggregate score of 45% to 50%. Some institutions may also require entrance exam scores for admission.
Graduates can pursue various roles such as Banking Executive, Financial Analyst, Investment Banker, Credit Manager, or Risk Manager. The program prepares students for careers in banks, financial institutions, consultancy firms, and corporate finance departments.
Yes! Graduates can pursue additional qualifications such as a Ph.D. in Finance or Banking, or professional certifications like Chartered Financial Analyst (CFA) or Certified Financial Planner (CFP) to enhance their expertise and career prospects.
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