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M-COM in General at Maharaja Lakshman Sen Memorial College
Mandi, Himachal Pradesh
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About the Specialization
What is General at Maharaja Lakshman Sen Memorial College Mandi?
This M.Com. program at Maharaja Lakshman Sen Memorial College, Mandi, affiliated with Himachal Pradesh University, provides advanced knowledge in various facets of commerce and business. It is designed to equip students with analytical, research, and managerial skills crucial for navigating the complex Indian and global economic landscape. The curriculum emphasizes a blend of theoretical foundations and practical applications, preparing graduates for diverse roles in finance, accounting, marketing, and human resources within the Indian industry.
Who Should Apply?
This program is ideal for commerce graduates (B.Com., BBA) seeking in-depth understanding of advanced business concepts. It caters to fresh graduates aspiring for entry-level managerial or analytical positions, as well as working professionals looking to enhance their qualifications, upskill for career advancement, or transition into specialized commerce roles in sectors like banking, consultancy, or corporate finance within India.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding India-specific career paths such as financial analysts, accountants, tax consultants, marketing managers, human resource specialists, and research associates. Entry-level salaries typically range from INR 3-6 lakhs per annum, with experienced professionals earning significantly more. The program fosters growth trajectories in Indian companies, often aligning with certifications like CA, CS, CMA, and NISM, strengthening employability in the Indian job market.
Student Success Practices
Foundation Stage
Master Core Commerce Fundamentals- (Semester 1-2)
Dedicate significant time to thoroughly understand core subjects like Managerial Economics, Financial Accounting, and Quantitative Techniques. Form study groups with peers to discuss concepts, solve problems, and clarify doubts. Utilize online resources like NPTEL courses for supplementary learning.
Tools & Resources
Textbooks, Class Notes, NPTEL, Accounting software tutorials, Peer study groups
Career Connection
A strong foundation in these subjects is critical for excelling in advanced courses and forms the base for future career specializations in finance, accounting, or business analysis roles, directly impacting placement readiness.
Develop Data Analysis and Computer Skills- (Semester 1-2)
Actively participate in computer application labs and practice data analysis using spreadsheets (MS Excel) and accounting software (Tally). Seek opportunities to apply these skills in class projects or case studies to build practical proficiency.
Tools & Resources
MS Excel, Tally ERP 9, Online tutorials (YouTube, Udemy)
Career Connection
Proficiency in data analysis and business software is highly valued across all commerce roles in India, from financial reporting to marketing analytics, significantly enhancing employability and efficiency in a professional setting.
Cultivate Research Aptitude- (Semester 1-2)
Engage with research methodology principles early on. Read relevant academic papers, business reports, and economic surveys. Try to identify a potential area of interest for a future project or dissertation, fostering critical thinking and analytical skills.
Tools & Resources
JSTOR, Google Scholar, ResearchGate, Business Newspapers (Economic Times, Business Standard)
Career Connection
A solid research aptitude prepares students for roles in market research, business intelligence, and academic pursuits, and is essential for postgraduate dissertations and higher studies.
Intermediate Stage
Explore Specialization Through Electives- (Semester 3)
Carefully choose Discipline Specific Electives in Semester 3 based on your career interests (e.g., Finance, Marketing, HR, E-Commerce). Deep-dive into the chosen areas, attending workshops or webinars related to these specializations to gain additional insights.
Tools & Resources
NISM certifications (for Finance), Digital Marketing courses, HR analytics workshops
Career Connection
Specialized knowledge makes you a more targeted candidate for specific industry roles. Early exploration helps refine career goals and build a focused skill set for campus placements.
Gain Practical Industry Exposure- (Semester 3)
Seek out summer internships (even short-term ones) or participate in live industry projects. This provides invaluable real-world experience, helps in applying theoretical knowledge, and builds a professional network. Attend industry talks and guest lectures regularly.
Tools & Resources
Internshala, LinkedIn, College placement cell, Industry association events
Career Connection
Practical experience is a key differentiator in the Indian job market, demonstrating readiness for corporate roles and often leading to pre-placement offers or strong references.
Participate in Competitions and Case Studies- (Semester 3)
Engage in inter-college business plan competitions, case study challenges, and quizzes. This enhances problem-solving skills, public speaking abilities, and teamwork. It also adds significant value to your resume for placements.
Tools & Resources
Dare2Compete, Institute''''s Commerce Club, Business magazines
Career Connection
Such participations highlight initiative and practical application of knowledge to potential employers, making you stand out in the competitive job market and prepare for interview scenarios.
Advanced Stage
Undertake a Comprehensive Project/Dissertation- (Semester 4)
If opted for, execute a well-researched project or dissertation on a current industry topic. Focus on robust methodology, data analysis, and impactful recommendations. This showcases your independent research capabilities and expertise.
Tools & Resources
SPSS, R, Python (for advanced data analysis), Academic databases, Industry reports
Career Connection
A strong project report is a powerful talking point in interviews, demonstrating in-depth knowledge and analytical skills, crucial for roles requiring strategic thinking and problem-solving.
Intensive Placement Preparation and Networking- (Semester 4)
Actively prepare for campus placements by honing resume writing, interview skills, and group discussion techniques. Network with alumni and industry professionals on platforms like LinkedIn to explore opportunities and gain career insights.
Tools & Resources
Mock interviews, Resume builders, LinkedIn, Alumni network, Placement cell workshops
Career Connection
Dedicated preparation directly impacts placement success, securing desirable roles and initiating a robust professional journey in India''''s corporate sector.
Stay Updated on Industry Trends and Regulations- (Semester 4)
Regularly follow business news, economic policies (e.g., Union Budget, RBI policies), and industry-specific regulations (e.g., GST changes, SEBI guidelines). This demonstrates commercial awareness and keeps you relevant in a dynamic market.
Tools & Resources
Financial newspapers, Business journals, Ministry of Finance updates, RBI website
Career Connection
Being well-informed makes you a valuable asset to any organization, especially in areas like finance, taxation, and consulting, and helps in navigating regulatory complexities in India.
Program Structure and Curriculum
Eligibility:
- B.Com./B.B.A. with 45% marks (40% for SC/ST/Physically Handicapped category) from a recognized University.
Duration: 2 years (4 semesters)
Credits: 88 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.Com. 101 | Managerial Economics | Core | 4 | Introduction to Managerial Economics, Demand and Supply Analysis, Production and Cost Analysis, Market Structures and Pricing Decisions, Profit Management and Capital Budgeting |
| M.Com. 102 | Organisational Behaviour | Core | 4 | Introduction to Organizational Behaviour, Individual Behaviour (Perception, Learning, Personality), Motivation and Leadership, Group Dynamics and Team Building, Organizational Culture and Change Management |
| M.Com. 103 | Business Environment | Core | 4 | Concept and Nature of Business Environment, Economic and Political Environment, Socio-Cultural and Technological Environment, Legal and International Environment, Environmental Analysis and Strategic Management |
| M.Com. 104 | Quantitative Techniques for Business Decisions | Core | 4 | Introduction to Quantitative Techniques, Linear Programming, Transportation and Assignment Problems, Decision Theory and Game Theory, Network Analysis (PERT/CPM), Queuing Theory |
| M.Com. 105 | Accounting for Managerial Decisions | Core | 4 | Introduction to Management Accounting, Cost Concepts and Classification, Marginal Costing and Break-Even Analysis, Budgeting and Budgetary Control, Standard Costing and Variance Analysis, Responsibility Accounting |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.Com. 201 | Corporate Financial Accounting | Core | 4 | Introduction to Corporate Accounting Standards, Financial Statements Analysis, Mergers, Acquisitions and Amalgamation Accounting, Holding Company Accounts, Accounting for Liquidation, Indian Accounting Standards (Ind AS) |
| M.Com. 202 | Research Methodology and Statistical Applications | Core | 4 | Introduction to Research Methodology, Research Design and Data Collection, Sampling Techniques, Data Analysis and Interpretation (ANOVA, Regression), Hypothesis Testing, Report Writing |
| M.Com. 203 | Marketing Management | Core | 4 | Fundamentals of Marketing Management, Market Segmentation, Targeting, Positioning, Product and Pricing Decisions, Promotion and Distribution Decisions, Services Marketing |
| M.Com. 204 | Computer Applications in Business | Core | 4 | Introduction to Computer Applications, MS-Office for Business Operations (Excel, PowerPoint), Data Analysis using Spreadsheets, Introduction to Accounting Software (Tally), E-Commerce Applications |
| M.Com. 205 | Financial Management | Core | 4 | Introduction to Financial Management, Capital Budgeting Decisions, Cost of Capital, Capital Structure Decisions, Working Capital Management, Dividend Policy |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.Com. 301 | Human Resource Management | Core | 4 | Fundamentals of HRM, HR Planning and Job Analysis, Recruitment, Selection, and Placement, Training, Development, and Performance Appraisal, Compensation Management |
| M.Com. 302 | Strategic Management | Core | 4 | Concept of Strategic Management, Environmental Scanning and Industry Analysis, Strategy Formulation and Implementation, Strategic Control and Evaluation, Corporate Restructuring Strategies |
| M.Com. 303 | International Business | Core | 4 | Introduction to International Business, Theories of International Trade, Foreign Direct Investment (FDI), Global Monetary System and Exchange Rates, International Marketing and Human Resource Management |
| M.Com. 304 | Corporate Tax Planning and Management | Core | 4 | Introduction to Corporate Taxation, Tax Planning for Companies, Computation of Corporate Tax Liability, MAT and Tax Incentives, Deductions and Allowances under Income Tax Act |
| M.Com. 305(A) | Financial Markets and Services | Discipline Specific Elective | 4 | Indian Financial System, Money Market and Capital Market, Mutual Funds and Insurance Services, Merchant Banking and Credit Rating, Leasing, Factoring, and Venture Capital |
| M.Com. 306(A) | Security Analysis and Portfolio Management | Discipline Specific Elective | 4 | Investment Environment, Security Valuation (Equity, Bond), Fundamental and Technical Analysis, Portfolio Theory (Markowitz, CAPM), Portfolio Performance Evaluation |
| M.Com. 305(B) | Consumer Behaviour | Discipline Specific Elective | 4 | Introduction to Consumer Behaviour, Cultural and Social Influences on Consumers, Individual Determinants of Consumer Behaviour, Consumer Decision-Making Process, Consumer Research |
| M.Com. 306(B) | Advertising and Sales Management | Discipline Specific Elective | 4 | Role of Advertising in Marketing, Advertising Media and Appeals, Sales Management Process, Sales Force Management, Sales Promotion and Public Relations |
| M.Com. 305(C) | Industrial Relations | Discipline Specific Elective | 4 | Concept of Industrial Relations, Trade Unions and Employers'''' Associations, Collective Bargaining, Workers'''' Participation in Management, Industrial Disputes and Grievance Redressal |
| M.Com. 306(C) | Training and Development | Discipline Specific Elective | 4 | Concept and Significance of Training, Training Needs Assessment, Designing and Delivering Training Programs, Training Evaluation, Management Development |
| M.Com. 305(D) | E-Commerce and Digital Marketing | Discipline Specific Elective | 4 | Introduction to E-Commerce, E-Business Models, Digital Marketing Channels (SEO, SEM, Social Media), E-Payments and Security, E-CRM and Web Analytics |
| M.Com. 306(D) | Cyber Security and E-Business | Discipline Specific Elective | 4 | Introduction to Cyber Security, Threats and Vulnerabilities in E-Business, Cryptography and Network Security, Legal and Ethical Aspects of Cyber Security, Security Measures for E-Commerce |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.Com. 401 | Advanced Cost Accounting | Core | 4 | Activity Based Costing (ABC), Life Cycle Costing, Target Costing and Kaizen Costing, JIT and Lean Accounting, Cost Audit and Management Audit |
| M.Com. 402 | Goods and Service Tax (GST) | Core | 4 | Introduction to GST Regime, GST Concepts: Levy, Exemptions, Composition Scheme, Input Tax Credit (ITC), Time and Value of Supply, GST Returns and Refunds |
| M.Com. 403 | Business Ethics and Corporate Governance | Core | 4 | Concepts of Business Ethics, Ethical Dilemmas in Business, Corporate Governance Principles, Role of Board of Directors and Committees, Whistle Blowing and CSR |
| M.Com. 404 | Management of Financial Institutions and Markets | Core | 4 | Overview of Financial Institutions, Commercial Banking and Central Banking, Non-Banking Financial Companies (NBFCs), Financial Sector Reforms in India, International Financial Institutions |
| M.Com. 405(A) | Behavioural Finance | Discipline Specific Elective | 4 | Introduction to Behavioural Finance, Cognitive Biases and Heuristics, Investor Psychology, Market Anomalies, Emotional Biases and Risk Perception |
| M.Com. 406(A) | Derivatives and Risk Management | Discipline Specific Elective | 4 | Introduction to Derivatives (Forwards, Futures, Options), Option Valuation (Black-Scholes Model), Swaps and Other Derivatives, Risk Management Strategies, Credit Risk and Market Risk Management |
| M.Com. 405(B) | Services Marketing | Discipline Specific Elective | 4 | Characteristics of Services, Services Marketing Mix (7 Ps), Service Quality and Customer Satisfaction, Pricing and Promotion of Services, Managing Service Encounters |
| M.Com. 406(B) | Retail Management | Discipline Specific Elective | 4 | Introduction to Retail Management, Retail Store Location and Layout, Merchandise Management, Retail Pricing and Communication, E-Retailing and CRM in Retail |
| M.Com. 405(C) | Compensation Management | Discipline Specific Elective | 4 | Theories of Compensation, Wage and Salary Administration, Incentive Plans and Fringe Benefits, Job Evaluation and Pay Structures, Compensation in an International Context |
| M.Com. 406(C) | Performance Management | Discipline Specific Elective | 4 | Concept of Performance Management, Performance Planning and Coaching, Performance Appraisal Methods, Feedback and Performance Review, Managing Underperformance |
| M.Com. 405(D) | E-Commerce Law and Regulations | Discipline Specific Elective | 4 | Legal Framework for E-Commerce in India, Information Technology Act, 2000, Cyber Laws and Intellectual Property Rights, Data Privacy and Consumer Protection, Jurisdiction and Dispute Resolution in E-Commerce |
| M.Com. 406(D) | Project Management and IT Tools for E-Business | Discipline Specific Elective | 4 | Introduction to Project Management, Project Planning, Scheduling, and Control, IT Tools for Project Management, E-Business Strategy and Implementation, Software Project Management |
| M.Com. 407 | Project Report / Dissertation | Project/Discipline Specific Elective | 4 | Research Problem Identification, Literature Review, Methodology and Data Collection, Data Analysis and Interpretation, Report Writing and Presentation |
