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MASTER-OF-COMMERCE in General at Maharaja Lalit Narayan College
Yamunanagar, Haryana
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About the Specialization
What is General at Maharaja Lalit Narayan College Yamunanagar?
This Master of Commerce M.Com program at Mukand Lal National College focuses on providing advanced knowledge and analytical skills in various facets of commerce and business. Designed to meet the evolving demands of the Indian economic landscape, the program delves into core areas like finance, marketing, human resources, and business law. Its robust curriculum, aligned with Kurukshetra University standards, equips students with a holistic understanding essential for diverse professional roles in India.
Who Should Apply?
This program is ideal for commerce graduates seeking to deepen their academic understanding and enhance their professional competencies. It caters to fresh graduates aspiring for entry-level managerial or analytical positions in finance, banking, or corporate sectors. Working professionals looking to upskill for career advancement or shift into leadership roles within Indian enterprises will also find value. Individuals with a B.Com, BBA, or relevant bachelor''''s degree with a minimum of 45% marks are well-suited for this comprehensive post-graduate study.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding career paths in India as financial analysts, marketing managers, HR executives, tax consultants, or entrepreneurs. Entry-level salaries typically range from INR 3-5 lakhs per annum, with experienced professionals earning significantly more, especially in metropolitan areas. The program also lays a strong foundation for pursuing advanced research (M.Phil/Ph.D.) or professional certifications like CA, CS, or CMA in the Indian context, fostering growth trajectories in dynamic Indian companies.
Student Success Practices
Foundation Stage
Build Strong Conceptual Fundamentals- (Semester 1-2)
Focus on thoroughly understanding core M.Com subjects like Business Environment, Managerial Economics, Financial Management, and Corporate Accounting. Actively participate in lectures, review class notes daily, and solve numerical problems from textbooks and previous year''''s papers. Form study groups with peers for collaborative learning and clarifying doubts.
Tools & Resources
University prescribed textbooks, online resources like Swayam/NPTEL for supplementary material, question banks, peer study groups
Career Connection
A solid theoretical base is critical for cracking competitive exams (e.g., UGC NET, Bank PO) and performing well in initial corporate interviews. It also forms the bedrock for advanced topics and practical applications.
Develop Analytical and Quantitative Skills- (Semester 1-2)
Pay special attention to subjects like Statistical Analysis and Research Methodology. Practice data interpretation, statistical tools, and financial calculations regularly. Utilize spreadsheet software like Microsoft Excel for data organization and basic analysis, even for theoretical problems. Engage in mini-research projects or case studies provided in class to apply analytical frameworks.
Tools & Resources
MS Excel, statistical software tutorials (e.g., using R or Python basics for data handling), business case studies from Indian context, financial calculators
Career Connection
These skills are highly sought after by recruiters for roles in financial analysis, market research, and business intelligence across Indian companies. Strong quantitative abilities enhance problem-solving in real-world business scenarios.
Enhance Communication and Presentation Abilities- (Semester 1-2)
Actively engage in classroom discussions, present assignments, and participate in departmental seminars or workshops. Focus on structuring arguments, conveying ideas clearly, and using visual aids effectively. Seek feedback from professors and peers to refine presentation style. This builds confidence crucial for group discussions and interviews.
Tools & Resources
Presentation software (PowerPoint), public speaking clubs, college debating societies, mock interview sessions
Career Connection
Effective communication is vital for success in any professional role in India, from client interactions to internal team collaborations and leadership positions. It helps articulate technical knowledge clearly during placements.
Intermediate Stage
Explore Elective Specializations Deeply- (Semester 3)
In Semester 3, students choose electives like Investment Management, Direct Tax Planning, Consumer Behaviour, or International Financial Management. Dedicate extra effort to delve beyond the syllabus in your chosen elective. Read industry reports, follow financial news, or analyze case studies related to your specialization. Consider attending workshops or webinars specific to your area of interest.
Tools & Resources
Business newspapers (Economic Times, Business Standard), financial news portals (Moneycontrol), industry-specific journals, specialized online courses (e.g., NISM certifications for finance electives)
Career Connection
Deep specialization demonstrates genuine interest and expertise to potential employers, especially in niche roles within finance, marketing, or taxation, common in the Indian job market. It prepares for industry-specific roles.
Gain Practical Exposure through Internships/Projects- (Semester 3 (during break or part-time))
Actively seek out and undertake short-term internships or live projects during semester breaks, focusing on areas related to your chosen electives. This could involve working with local businesses, NGOs, or startups in Yamunanagar or nearby regions. Document your learnings, challenges, and contributions meticulously. Participate in college-organized industrial visits.
Tools & Resources
College placement cell, online internship platforms (Internshala), LinkedIn, local business directories, faculty connections
Career Connection
Practical experience is highly valued by Indian recruiters. It bridges the gap between academic knowledge and real-world business operations, improving employability and providing valuable networking opportunities for future placements.
Network with Professionals and Alumni- (Semester 3 onwards)
Attend industry events, guest lectures, and alumni meets organized by the college. Proactively connect with speakers and alumni on platforms like LinkedIn. Seek their advice on career paths, industry trends, and skill development relevant to the Indian market. Mentorship from experienced professionals can guide career decisions and open doors to opportunities.
Tools & Resources
LinkedIn, college alumni database, professional networking events, career fairs
Career Connection
Networking is crucial for securing referrals, gaining insights into specific job roles, and understanding industry expectations in India. A strong network can be instrumental in job searching and long-term career growth.
Advanced Stage
Master Project Report and Viva-Voce- (Semester 4)
Dedicate significant time and effort to your Project Report (Dissertation) and Viva-Voce. Choose a relevant research topic aligned with your career goals and specialisation. Conduct thorough research, data analysis, and present your findings professionally. Prepare comprehensively for the viva, anticipating questions on your research and core M.Com subjects.
Tools & Resources
Research journals, statistical software (SPSS, R), academic writing guides, mock viva sessions, guidance from faculty mentors
Career Connection
A well-executed project demonstrates independent research capability and problem-solving skills, which are highly regarded by employers. The viva strengthens your ability to articulate and defend your work, a critical professional skill.
Prepare for Placements and Professional Exams- (Semester 4)
Actively engage with the college placement cell, attend resume-building workshops, and participate in mock interviews and group discussions. Start preparing for common aptitude tests, logical reasoning, and verbal ability sections. For those considering higher studies or specific professional certifications (e.g., UGC NET, CA/CS final exams), begin focused preparation in parallel.
Tools & Resources
Placement cell resources, online aptitude test platforms, interview preparation guides, professional exam study materials
Career Connection
Focused preparation maximizes your chances of securing a good placement immediately after graduation in leading Indian companies or clearing competitive national-level examinations, setting a strong foundation for your career.
Develop a Global and Ethical Business Perspective- (Semester 4)
Engage with subjects like International Business and Business Ethics & Corporate Governance with a keen interest. Understand global economic trends, cross-cultural business practices, and the importance of ethical decision-making in the Indian corporate context. Read articles on corporate governance failures and successes in India. This broadens your perspective beyond domestic operations.
Tools & Resources
International business journals, news analyses on global trade and ethics, case studies on Indian corporate governance, online forums discussing global business challenges
Career Connection
Employers in MNCs and even large Indian conglomerates seek candidates with a global mindset and strong ethical grounding. This equips you to navigate complex business environments and contribute to responsible corporate practices.
Program Structure and Curriculum
Eligibility:
- B.Com/B.A. with Maths/Economics/Statistics/Commerce (Minimum 45% marks) or BBA or equivalent.
Duration: 2 years / 4 semesters
Credits: 80 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C-101 | Business Environment | Core | 4 | Concept & Significance of Business Environment, Economic Systems & Policies, Industrial Policy & Liberalization, Monetary & Fiscal Policy, Foreign Exchange Policy & WTO, Social & Cultural Environment |
| C-102 | Managerial Economics | Core | 4 | Nature & Scope of Managerial Economics, Demand & Supply Analysis, Production & Cost Analysis, Pricing Policies & Practices, Profit Management & Break-Even Analysis, Capital Budgeting |
| C-103 | Statistical Analysis | Core | 4 | Introduction to Statistics, Probability Theory & Distributions, Sampling & Sampling Distributions, Hypothesis Testing (t, F, Chi-Square), Correlation & Regression Analysis, Non-Parametric Tests |
| C-104 | Financial Management | Core | 4 | Nature & Scope of Financial Management, Capitalization & Capital Structure, Cost of Capital & Leverage, Working Capital Management, Dividend Policy Decisions, Capital Budgeting Decisions |
| C-105 | Organizational Behaviour | Core | 4 | Meaning & Nature of Organizational Behaviour, Personality & Perception, Learning & Attitudes, Motivation Theories, Group Dynamics & Conflict Management, Leadership Theories |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C-201 | Corporate Accounting | Core | 4 | Accounting for Shares & Debentures, Amalgamation & Absorption, Internal & External Reconstruction, Holding Company Accounts, Liquidation of Companies, Valuation of Shares & Goodwill |
| C-202 | Marketing Management | Core | 4 | Marketing Concept & Environment, Consumer Behaviour & Market Segmentation, Product Life Cycle & New Product Development, Pricing Decisions & Strategies, Promotion Mix (Advertising, Sales Promotion), Distribution Channels & Logistics |
| C-203 | Research Methodology | Core | 4 | Research Design & Types of Research, Data Collection Methods (Primary & Secondary), Sampling Design & Techniques, Data Processing & Analysis, Hypothesis Testing Procedure, Report Writing & Presentation |
| C-204 | Human Resource Management | Core | 4 | Nature & Scope of HRM, Human Resource Planning, Recruitment & Selection, Training & Development, Performance Appraisal & Compensation Management, Industrial Relations & Grievance Handling |
| C-205 | Computer Applications in Business | Core | 4 | Computer Fundamentals & Operating Systems, MS-Office (Word, Excel, PowerPoint), Database Management System Concepts, Internet & E-commerce Applications, Introduction to Accounting Software (Tally), Data Security & Ethics |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C-301 | Corporate Legal Framework | Core | 4 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Companies Act, 2013, Consumer Protection Act, 2019, Intellectual Property Rights |
| C-302 | Strategic Management | Core | 4 | Concept & Process of Strategic Management, Environmental Scanning & SWOT Analysis, Strategy Formulation & Implementation, Corporate & Business Level Strategies, Strategic Control & Evaluation, Corporate Social Responsibility & Ethics |
| C-303 | Indian Financial System | Core | 4 | Structure of Indian Financial System, Financial Markets (Money & Capital Markets), Financial Institutions (Banks, NBFCs), SEBI & Regulatory Framework, Mutual Funds & Insurance Sector, Innovations in Indian Financial System |
| C-304 | Accounting for Managerial Decisions | Core | 4 | Management vs. Financial Accounting, Marginal Costing & Break-Even Analysis, Budgetary Control & Variance Analysis, Standard Costing, Responsibility Accounting, Performance Measurement & Balanced Scorecard |
| C-305 A-1 | Investment Management | Elective (Group A: Finance & Taxation) | 4 | Investment Avenues & Process, Risk & Return Analysis, Security Analysis (Fundamental & Technical), Portfolio Management Theories, Efficient Market Hypothesis, Investment Strategies |
| C-305 A-2 | Financial Markets & Services | Elective (Group A: Finance & Taxation) | 4 | Overview of Financial Markets, Financial Services Industry, Merchant Banking & Issue Management, Leasing & Hire Purchase, Credit Rating Agencies, Factoring & Forfaiting |
| C-305 A-3 | Direct Tax Planning | Elective (Group A: Finance & Taxation) | 4 | Income Tax Act, 1961, Heads of Income, Deductions u/s 80C to 80U, Assessment of Individuals & Firms, Tax Planning Concepts & Techniques, Advance Tax & TDS |
| C-305 B-1 | Consumer Behaviour | Elective (Group B: Marketing & Human Resource Management) | 4 | Models of Consumer Behaviour, Cultural & Social Factors, Personal & Psychological Influences, Consumer Decision Making Process, Organizational Buying Behaviour, Online Consumer Behaviour |
| C-305 B-2 | Industrial Relations | Elective (Group B: Marketing & Human Resource Management) | 4 | Concept & Scope of Industrial Relations, Trade Unions in India, Collective Bargaining, Industrial Disputes & Settlement, Workers'''' Participation in Management, Employee Grievances & Discipline |
| C-305 B-3 | Advertising & Sales Management | Elective (Group B: Marketing & Human Resource Management) | 4 | Advertising Objectives & Appeals, Media Planning & Selection, Creative Strategy & Message Development, Sales Force Management, Personal Selling & Sales Promotion, Ethics in Advertising & Sales |
| C-305 C-1 | International Financial Management | Elective (Group C: International Business) | 4 | International Financial Environment, Foreign Exchange Market & Operations, Exchange Rate Theories & Parity Conditions, International Capital Budgeting, International Working Capital Management, Managing Foreign Exchange Exposure |
| C-305 C-2 | India''''s Foreign Trade | Elective (Group C: International Business) | 4 | Foreign Trade Policy of India, EXIM Policy & Procedures, Export Promotion Councils & Schemes, Balance of Payments & Disequilibrium, Foreign Collaborations & Technology Transfers, Role of DGFT & EXIM Bank |
| C-305 D-1 | Banking Law & Practice | Elective (Group D: Banking & Insurance) | 4 | Banking Regulation Act, 1949, Reserve Bank of India Act, 1934, Banker-Customer Relationship, Types of Banks & Functions, Credit Creation & Monetary Policy, Negotiable Instruments & E-Banking |
| C-305 D-2 | Principles & Practice of Insurance | Elective (Group D: Banking & Insurance) | 4 | Principles of Insurance, Types of Insurance (Life & General), Life Insurance Products & Policies, Fire & Marine Insurance, IRDA & Regulatory Framework, Risk Management & Underwriting |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C-401 | International Business | Core | 4 | International Business Environment, Theories of International Trade, Foreign Direct Investment & MNEs, International Economic Organizations (IMF, World Bank), Globalisation & Regional Economic Integration, Export-Import Procedures |
| C-402 | Business Ethics and Corporate Governance | Core | 4 | Concept & Importance of Business Ethics, Ethical Theories & Decision Making, Corporate Social Responsibility, Principles of Corporate Governance, SEBI Guidelines on Corporate Governance, Whistleblowing & Ethical Leadership |
| C-403 | Project Report (Dissertation) | Project | 4 | Research Problem Identification, Literature Review, Methodology & Data Collection, Data Analysis & Interpretation, Findings, Conclusions & Recommendations, Report Writing & Formatting |
| C-404 | Viva-Voce | Core | 4 | Comprehensive Oral Examination, Assessment of Subject Knowledge, Defense of Project Report, Communication Skills Assessment, Clarity of Thought & Articulation, Overall Academic Performance Review |
| C-405 A-4 | Security Analysis & Portfolio Management | Elective (Group A: Finance & Taxation) | 4 | Investment Process & Risk-Return Trade-off, Fundamental Analysis, Technical Analysis, Portfolio Selection Models (Markowitz, Sharpe), Portfolio Performance Evaluation, Asset Allocation Decisions |
| C-405 A-5 | Financial Derivatives | Elective (Group A: Finance & Taxation) | 4 | Introduction to Derivatives Market, Futures Contracts (Equity, Commodity, Currency), Options Contracts (Calls & Puts), Swaps (Interest Rate, Currency), Hedging Strategies using Derivatives, Valuation of Derivatives |
| C-405 A-6 | Indirect Taxes | Elective (Group A: Finance & Taxation) | 4 | Goods and Services Tax (GST) Act, GST Registration & Returns, Input Tax Credit Mechanism, Customs Duty & Valuation, Central Excise & Service Tax (Pre-GST era), Tax Planning under GST |
| C-405 B-4 | Services Marketing | Elective (Group B: Marketing & Human Resource Management) | 4 | Nature & Characteristics of Services, Service Quality Models (SERVQUAL), Service Process & Physical Evidence, Service Pricing Strategies, Managing Service Demand & Capacity, Marketing Mix for Services (7 Ps) |
| C-405 B-5 | Training & Development | Elective (Group B: Marketing & Human Resource Management) | 4 | Training Needs Assessment, Training Methods & Techniques, Evaluation of Training Effectiveness, Management Development Programs, Career Planning & Development, Organizational Learning |
| C-405 B-6 | Retail Management | Elective (Group B: Marketing & Human Resource Management) | 4 | Retailing Concepts & Formats, Store Location & Layout, Merchandising & Category Management, Retail Operations & Inventory Management, Retail Marketing Mix, Supply Chain Management in Retail |
| C-405 C-3 | International Marketing | Elective (Group C: International Business) | 4 | International Marketing Environment, International Market Entry Strategies, International Product & Pricing Strategies, International Promotion & Distribution, Global Marketing Research, Cross-Cultural Marketing |
| C-405 C-4 | Export Import Procedures & Documentation | Elective (Group C: International Business) | 4 | Foreign Trade Policy & EXIM Policy, Export Documentation & Procedures, Import Documentation & Procedures, Terms of Payment in International Trade, Customs Clearance & Logistics, Trade Finance & Risk Management |
| C-405 D-3 | Financial Institutions & Markets | Elective (Group D: Banking & Insurance) | 4 | Structure of Financial Institutions, Money Market Instruments & Operations, Capital Market Instruments & Operations, Regulatory Bodies (RBI, SEBI), Financial Innovation & Services, Global Financial Markets |
| C-405 D-4 | Risk Management & Insurance | Elective (Group D: Banking & Insurance) | 4 | Concept & Types of Risk, Risk Identification & Assessment, Risk Control & Financing, Life Insurance Products & Features, Non-Life Insurance Products (Property, Health), Reinsurance & Regulations |
