Commerce Courses Introduction
Mumbai is a hub for commerce education, offering top institutions like St. Xavier’s College (Rs 30,000 - Rs 40,000), Narsee Monjee College (Rs 20,000 - Rs 50,000), and H.R. College (Rs 25,000 - Rs 50,000), all known for strong academic programs in finance, accounting, and management. These colleges provide excellent industry connections, with promising placement opportunities in leading firms. Additionally, institutions like Jamnalal Bajaj Institute of Management Studies (Rs 1.5 Lakhs - Rs 3 Lakhs for postgraduates) further enhance career prospects in the commerce and management sectors, making Mumbai an ideal destination for pursuing commerce studies.
Commerce is a stream focused on Trade, Business, Finance, and Economics, which is ideal for students interested in understanding companies and financial systems. Major subjects include Accountancy, Economics, Business Studies, and optional subjects like Mathematics and Informatics Practices. Students can pursue degrees like B.Com, M.Com, BBA, MBA or professional courses like CA and CS, leading to careers in Accounting, Finance, Banking, and Management. Popular job profiles include Accountant, Financial Analyst, and Chartered Accountant, with average salaries ranging from Rs 3.00 - Rs 25.00 LPA.
Commerce Courses Highlights
|
Category |
Details |
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Commerce Courses |
Bachelor of Business Administration
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Commerce Courses Level |
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Commerce Courses Duration |
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Commerce Courses Education Mode |
Full-Time, Distance, Part-time and Online |
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Commerce Courses Eligibility Criteria |
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Commerce Courses Admission Process |
Merit and entrance exam scores |
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Commerce Courses Entrance Exams |
CUET UG, CUET PG, State CET, IPMAT, NPAT, CAT, XAT, CMAT, and more. |
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Commerce Courses Average Fees |
Rs 5,000 - Rs 3.00 Lakhs |
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Commerce Courses Job Profiles |
Accountant, Financial Analyst, Chartered Accountant, Investment Banker, Tax Consultant, Auditor, Bank Manager, and more. |
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Commerce Courses Average Salary |
Rs 3.00 - Rs 15.00 LPA |
Undergraduate Commerce Courses in Mumbai
An undergraduate degree in commerce is a 3-4 year program designed for students interested in Business, Finance, and Economics. It provides a strong foundation in subjects like Accountancy, Business Studies, Economics, Taxation, and Business Law. The program focuses on developing practical skills and theoretical knowledge, preparing students for careers in Banking, Accounting, Management, and Entrepreneurship. Popular undergraduate courses include B.Com, BBA, and integrated programs like B.Com+LLB or BBA+MBA.
Here are some standard undergraduate courses that you can pursue after 12th from the Commerce stream:
- B.Com
- BBA
- Bachelor of Economics
- Bachelor of Accounting and Finance
- B.Com in International Business
- B.Com in Tourism and Travel Management
- B.Com in Finance and Accountancy
- B.Com in Banking and Insurance
Undergraduate Commerce Courses Eligibility and Entrance Exam
- Eligibility Criteria for Undergraduate Commerce Courses:
- Candidates have to complete 10+2 in any stream from a recognised institute.
- Candidates should have a minimum of 50% marks in their 10+2 exam.
- Depending on the institute, candidates might have to appear for the entrance exams.
- Entrance Exams for Undergraduate Commerce Courses:
- CUET UG (Common University Entrance Test for Undergraduates)
- NPAT (National Test For Programs After Twelfth)
- MAH CET (Maharashtra Common Entrance Test)
Postgraduate Commerce Courses in Mumbai
A postgraduate degree in the commerce stream is typically a 2-year advanced program designed for students with a commerce background. It delves deeper into specialised subjects like Advanced Accounting, Corporate Finance, Business Analytics, International Business, and Strategic Management. The program emphasises Developing Analytical, Managerial, and Research Skills, preparing students for leadership roles in Banking, Finance, Consulting, and Academia. It also opens pathways for pursuing professional certifications such as CA, CS, and CFA and advanced research opportunities like a Ph.D.
Here are some standard postgraduate courses that you can pursue after graduation for the Commerce stream:
Postgraduate Commerce Courses Eligibility and Entrance Exam
- Eligibility Criteria for Postgraduate Commerce Courses:
- Candidates must complete graduation in any stream or equivalent from a recognised institute.
- Candidates should have a minimum of 50% marks in their graduation or equivalent.
- Depending on the institute, candidates might have to appear for the entrance exams.
- Entrance Exams for Postgraduate Commerce Courses:
- CUET PG (Common University Entrance Test for Postgraduation)
- CAT (Common Admission Test)
- CMAT (Common Management Admission Test)
- NMAT (Narsee Monjee Aptitude Test)
- XAT (Xavier Aptitude Test)
- MAH CET ( Maharashtra MBA Common Entrance Test)
Top Commerce Colleges in Mumbai 2024
|
Institute Name |
Average Placement Package |
|
Narsee Monjee College of Commerce and Economics |
Rs 8.00 - Rs 10.00 LPA |
|
Mithibai College of Arts, Chauhan Institute of Science and Amrutben Jivanlal College of Commerce and Economics |
Rs 9.50 - Rs 11.50 LPA |
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K. J. Somaiya College of Arts and Commerce |
Rs 6.00 - Rs 8.00 LPA |
|
Kishinchand Chellaram College |
Rs 7.00 - Rs 10.00 LPA |
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St Xavier's College |
Rs 9.50 - Rs 11.50 LPA |
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Nagindas Khandwala College |
Rs 6.00 - Rs 8.00 LPA |
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L.S. Raheja College of Arts and Commerce |
Rs 8.00 - Rs 10.00 LPA |
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S.K. Somaiya College |
Rs 6.00 - Rs 8.00 LPA |
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K. P. B. Hinduja College of Commerce |
Rs 7.00 - Rs 10.00 LPA |
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R.A. Podar College of Commerce & Economics |
Rs 8.00 - Rs 10.00 LPA |
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St.Wilfred's College of Arts,Commerce & Science |
Rs 9.50 - Rs 11.50 LPA |
**actual figure might differ**
Top Commerce Colleges Fees in Mumbai
|
Institute Name |
Average UG Fees |
Average PG Fees |
|
Narsee Monjee College of Commerce and Economics |
Rs 12,000 - Rs 18,000 |
Rs 30,000 - Rs 40,000 |
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Mithibai College of Arts, Chauhan Institute of Science and Amrutben Jivanlal College of Commerce and Economics |
Rs 10,000 - Rs 15,000 |
Rs 50,000 - Rs 60,000 |
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K. J. Somaiya College of Arts and Commerce |
Rs 10,000 - Rs 20,000 |
Rs 20,000 - Rs 25,000 |
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Kishinchand Chellaram College |
Rs 15,000 - Rs 20,000 |
Rs 30,000 - Rs 35,000 |
|
St Xavier's College |
Rs 30,000 -Rs 40,000 |
Rs 50,000 - Rs 60,000 |
|
Nagindas Khandwala College |
Rs 10,000 - Rs 20,000 |
Rs 20,000 - Rs 25,000 |
|
L.S. Raheja College of Arts and Commerce |
Rs 5,000 - Rs 14,000 |
Rs 30,000 -Rs 40,000 |
|
S.K. Somaiya College |
Rs 10,000 - Rs 20,000 |
Rs 20,000 - Rs 25,000 |
|
K. P. B. Hinduja College of Commerce |
Rs 15,000 - Rs 20,000 |
Rs 20,000 - Rs 25,000 |
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R.A. Podar College of Commerce & Economics |
Rs 5,000 - Rs 14,000 |
Rs 30,000 -Rs 40,000 |
|
St.Wilfred's College of Arts,Commerce & Science |
Rs 30,000 -Rs 40,000 |
Rs 50,000 - Rs 60,000 |
**actual figure might differ**
Commerce Course Specialisation
- Accounting
- Finance
- Banking and Insurance
- Taxation
- Business Management
- Economics
- Marketing
- International Business
- E-Commerce
- Entrepreneurship
- Corporate Finance
- Investment Management
- Human Resource Management
- Business Analytics
- Auditing and Forensic Accounting
- Actuarial Science
- International Trade and Finance
- Supply Chain Management
Best Major Subjects in Commerce Courses
- Accountancy
- Economics
- Business Studies
- Financial Management
- Taxation
- Corporate Accounting
- Business Law
- Marketing Management
- Banking and Insurance
- International Business
- Entrepreneurship
- Statistics and Data Analysis
- E-Commerce
- Business Analytics
- Human Resource Management
Commerce Course Admission Process
Top Scholarships for Commerce Courses in Mumbai
- Government Scholarships
- Scholarship For Top Class Education For Students With Disabilities
- Central Sector Scheme Of Scholarships For College And University Students
- Prime Minister's Scholarship Scheme For Wards Of States/UTs Police Personnel Martyred During Terror/Naxal Attacks
- National Fellowship And Scholarship For Higher Education Of ST Students
- National Scholarship For Post Graduate Studies
- Central Sector Scholarship Of Top Class Education For SC Students
- Private Scholarships
Distance Commerce Course
A Distance Commerce Course allows students to study the programme without attending regular on-campus classes. It enables quick learning, making it suitable for working professionals, homemakers, and people who cannot relocate to school. Unlike traditional courses, it is frequently more affordable and accessible, allowing students to mix education with other responsibilities. Furthermore, remote courses usually include digital materials and online interactions, promoting individual learning while adhering to academic norms.
Eligibility Criteria for Distance Undergraduate Commerce Programme
- Candidates have to complete 10+2 in any stream from a recognised institute.
- Candidates should have a minimum of 50% marks in their 10+2 exam.
- Depending on the institute, candidates might have to appear for the entrance exams.
Eligibility Criteria for Distance Postgraduate Commerce Programme
- Candidates must complete graduation in any stream or equivalent from a recognised institute.
- Candidates should have a minimum of 50% marks in their graduation or equivalent.
- Depending on the institute, candidates might have to appear for the entrance exams.
Admission Process for Distance Commerce Courses
- Clear the university entrance exam.
- Complete the registration process.
- Upload all the required information and documents.
- Pay the admission fee after admission confirmation.
- You will receive the books via email or courier.
Part-Time Commerce Course
A Part-Time Commerce Course is an adaptable option for persons preoccupied with work, family, or other responsibilities to study the programme. Classes are typically held in the evenings or on weekends, making it more straightforward to accommodate a busy schedule. Unlike full-time courses, it allows you to learn and acquire a qualification without interrupting your other activities. It's an excellent choice for everyone who wants to study while managing their time wisely.
Eligibility Criteria for Part-Time Undergraduate Commerce Programme
- Candidates have to complete 10+2 in any stream from a recognised institute.
- Candidates should have a minimum of 50% marks in their 10+2 exam.
- Depending on the institute, candidates might have to appear for the entrance exams.
Eligibility Criteria for Part-Time Postgraduate Commerce Programme
- Candidates must complete graduation in any stream or equivalent from a recognised institute.
- Candidates should have a minimum of 50% marks in their graduation or equivalent.
- Depending on the institute, candidates might have to appear for the entrance exams.
Admission Process for Part-Time Commerce Courses
- Clear the university entrance exam.
- Complete the registration process.
- Upload all the required information and documents.
- Pay the admission fee after admission confirmation.
- You will receive the books via email or courier.
Online Commerce Courses
An online commerce course allows you to study the programme from anywhere on the internet. Lessons, videos, and assignments may be accessed whenever you choose, making it ideal for those who are too busy or unable to attend conventional classes. It's adaptable, inexpensive, and lets you learn quickly while obtaining a recognised certificate. Online courses are ideal for balancing learning with employment or other responsibilities.
Eligibility Criteria for Online Undergraduate Commerce Programme
- Candidates have to complete 10+2 in any stream from a recognised institute.
- Candidates should have a minimum of 50% marks in their 10+2 exam.
- Depending on the institute, candidates might have to appear for the entrance exams.
- There is no age limit in undergraduate Commerce programmes.
Eligibility Criteria for Online Postgraduate Commerce Programme
- Candidates must complete graduation in any stream or equivalent from a recognised institute.
- Candidates should have a minimum of 50% marks in their graduation or equivalent.
- There is no age limit for online postgraduate Commerce programmes.
Admission Process for Online Commerce Courses
- Complete the registration process.
- Upload all the required information and documents.
- Pay the admission fee after admission confirmation.
- Learn from recorded lectures and online classes.
Commerce Placement Records & Top Recruiters in Mumbai
|
Institute Name |
Average Placement Package |
Top Recruiters |
|
Narsee Monjee College of Commerce and Economics |
Rs 8.00 - Rs 10.00 LPA |
Deloitte, EY, KPMG, Infosys, Wipro |
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Mithibai College of Arts, Chauhan Institute of Science and Amrutben Jivanlal College of Commerce and Economics |
Rs 9.50 - Rs 11.50 LPA |
Infosys, Deloitte, Wipro, EY |
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K. J. Somaiya College of Arts and Commerce |
Rs 6.00 - Rs 8.00 LPA |
Deloitte, KPMG, EY, PwC, Grant Thornton |
|
Kishinchand Chellaram College |
Rs 7.00 - Rs 10.00 LPA |
Infosys, TCS, IBM, Accenture |
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St Xavier's College |
Rs 9.50 - Rs 11.50 LPA |
TCS, Accenture, Infosys, Goldman Sachs |
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Nagindas Khandwala College |
Rs 6.00 - Rs 8.00 LPA |
TCS, Infosys, Wipro |
|
L.S. Raheja College of Arts and Commerce |
Rs 8.00 - Rs 10.00 LPA |
Infosys, Wipro, TCS |
|
S.K. Somaiya College |
Rs 6.00 - Rs 8.00 LPA |
Infosys, HDFC Bank, Wipro |
|
K. P. B. Hinduja College of Commerce |
Rs 7.00 - Rs 10.00 LPA |
Infosys, Wipro, TCS |
|
R.A. Podar College of Commerce & Economics |
Rs 8.00 - Rs 10.00 LPA |
Infosys, HDFC Bank, Wipro |
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St.Wilfred's College of Arts,Commerce & Science |
Rs 9.50 - Rs 11.50 LPA |
Deloitte, EY, Capgemini |
**actual figures might differ**
Living Cost in Mumbai for Commerce Students
On average, monthly rent for a shared apartment in popular areas ranges from Rs 8,000 to Rs 15,000, while single rooms may cost between Rs 5,000 to Rs 10,000. The costs can vary based on proximity to educational institutions and facilities.
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Areas of Expenses |
Avg. Cost Monthly |
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Groceries |
Rs 2,000 - Rs 3,000 |
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Dining Out |
Rs 300 - Rs 500 |
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Public Transportation |
Rs 600 - Rs 1,200 |
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Utilities |
Rs 1,500 - Rs 2,500 |
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Internet |
Rs 500 - Rs 800 |
|
Personal Items |
Rs 1,000 - Rs 1,500 |
**actual figure might differ**
Accommodation for Students in Mumbai
|
Private Hostels |
|
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Arun Hostel |
Rs 6,400/Month |
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Laadkee Girls Hostel |
Rs 9,000/Month |
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Bayside by Hive Hostel |
Rs 20,000/Month |
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Nest-up Hostel |
Rs 12,000/Month |
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Mangesh Hostel |
Rs 12,000/Month |
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Private PGs |
|
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Sagar City |
Rs 8,000/Month |
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Arctic |
Rs 10,000/Month |
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Aashray Apartment |
Rs 30,000/Month |
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Western Woods |
Rs 10,000/Month |
|
Shree Niwas |
Rs 15,000/Month |
|
Rental Apartments in Mumbai: Students can rent apartments or houses near their college on the basis of availability and preferences |
|
**actual figure might differ**
Commerce Course Job Profiles
|
Job Profile |
Average Annual Salary |
|
Accountant |
Rs 3.00 - Rs 5.00 LPA |
|
Financial Analyst |
Rs 4.00 - Rs 8.00 LPA |
|
Chartered Accountant |
Rs 7.00 - Rs 15.00 LPA |
|
Investment Banker |
Rs 8.00 - Rs 20.00 LPA |
|
Tax Consultant |
Rs 5.00 - Rs 10.00 LPA |
|
Auditor |
Rs 4.00 - Rs 8.00 LPA |
|
Bank Manager |
Rs 6.00 - Rs 12.00 LPA |
|
Marketing Manager |
Rs 6.00 - Rs 12.00 LPA |
|
Human Resources Manager |
Rs 5.00 - Rs 10.00 LPA |
|
Business Development Executive |
Rs 3.00 - Rs 6.00 LPA |
|
Stock Broker |
Rs 4.00 - Rs 12.00 LPA |
|
Sales Manager |
Rs 5.00 - Rs 10.00 LPA |
**actual figures might differ**
Top Recruiters for Commerce Graduates in Mumbai
Scope of Commerce in Mumbai
Commerce courses in Mumbai provide excellent career opportunities for students pursuing business, finance, economics, and management, backed by top colleges and a thriving economy. The city's renowned institutions like St. Xavier's College, Narsee Monjee College, and H.R. Colleges offer strong programs, opening doors to lucrative roles in various sectors in India and abroad.
Famous Alumni
- Kumar Mangalam Birla, Chairman of Aditya Birla Group, is a worldwide business magnate.
Placement Records for Commerce Graduates (Last 5 Years)
- Around 80-90% of graduates from top commerce colleges in Mumbai secure positions in leading companies.
- Leading recruiters include Goldman Sachs, KPMG, Deloitte, ICICI Bank, HDFC Bank, and Accenture.
- Average starting salaries range from Rs 4.00 LPA to Rs 10.00 LPA, with top colleges offering higher packages for exceptional candidates.
Diversity Among Commerce Students in Mumbai
- About 10-15% of students in top Mumbai-based commerce colleges are international, contributing to a diverse and global academic environment that enhances learning in business and finance.
Top Companies Hiring Commerce Graduates in Mumbai
- Finance & Banking: ICICI Bank, HDFC Bank, State Bank of India.
- Consulting & Advisory: Deloitte, KPMG, Ernst & Young.
- Corporate Sector: Reliance Industries, Tata Consultancy Services, Aditya Birla Group.
- Investment & Stock Markets: Goldman Sachs, Morgan Stanley, JP Morgan Chase.
- Technology & Analytics: Google, Infosys, Accenture.
FAQs
- What do you study in a B.Com course?
In a B.Com course, students study principles of accounting, finance, economics, business, law and management. The B.Com course is designed to provide a comprehensive understanding of these subjects, preparing B.Com graduates for diverse roles in the business and management fields. Apart from theoretical subjects, the B.Com course also emphasises soft skills such as critical thinking, problem-solving, leadership, and communication skills.
- What skills can I develop through the B.Com program?
The B.Com program helps students develop analytical skills, problem-solving abilities, communication skills, financial management skills, business acumen, and a deep understanding of commerce-related concepts.
- What are the eligibility criteria for B.Com admission?
To pursue a B.Com course, students must score at least 50% marks in their 10+2 with a Commerce stream. Top colleges and universities such as DU, IPU, etc., offer B.Com Admissions based on entrance exams such as CUET and IPU CET, respectively.
- What is the scope for a B.Com graduate?
In terms of future scope, B.Com graduates have plenty of options to choose from. For instance, one can either work in MNCs and banks under fancy job designations or pursue their desired course, such as CA, CS, or MBA, to advance their academic journey.
- Can I do an MBA after B.Com?
Yes, MBA’s basic eligibility is bachelor’s degree in any stream. - What is an M.Com degree?
The Master of Commerce is a postgraduate master's degree in commerce, accounting, business administration, management and economics-related subjects.
- Is an M.Com better than an MBA?
An MBA is generally better for those seeking leadership roles and higher salaries in corporate finance, while an M.Com is more suited for academic and research-oriented careers.
- Which M.Com course is best?
Top 5 M.Com specialisations:
- M.Com in Finance
- M.Com in Accounting
- M.Com in International Business
- M.Com in Marketing
- M.Com in Human Resource Management
- Is M.Com difficult?
M.Com programs demand a thorough understanding of complex accounting, finance, and economic concepts. Tests, assignments, and academics can be complex for some students.
- What is the salary of an M.Com graduate?
M.Com graduate salary in Mumbai ranges between Rs 3.20 to Rs 5.00 LPA.
