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MCOM in Economic Administration And Financial Management Eafm at Maharani Banshilal Chandra Government Girls College
Barmer, Rajasthan
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About the Specialization
What is Economic Administration and Financial Management (EAFM) at Maharani Banshilal Chandra Government Girls College Barmer?
This M.Com in Economic Administration and Financial Management (EAFM) program at Maharani Banshilal Chandra Government Girls College, Barmer, focuses on equipping students with advanced knowledge in economic policies, financial markets, and administrative practices relevant to commerce and industry. It prepares professionals to navigate the complexities of financial decision-making and economic governance within the dynamic Indian business landscape. The program emphasizes both theoretical foundations and practical applications crucial for effective management in various sectors.
Who Should Apply?
This program is ideal for commerce graduates (B.Com) aspiring to specialize in finance, economic analysis, and corporate administration. It targets fresh graduates seeking entry-level roles in banking, financial services, and corporate governance, as well as working professionals aiming to enhance their skills for managerial positions. Individuals interested in understanding the interplay of economic principles and financial strategies for business growth in India will find this program beneficial.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding career paths in financial institutions, government departments, and multinational corporations operating in India. Roles may include financial analysts, economic advisors, portfolio managers, and administrative officers. Entry-level salaries typically range from INR 3-6 lakhs per annum, with significant growth potential up to INR 10-15 lakhs or more for experienced professionals. The curriculum often aligns with foundational knowledge for certifications like NISM or CFA, though not explicitly stated.
Student Success Practices
Foundation Stage
Build Strong Conceptual Foundations- (Semester 1-2)
Focus on thoroughly understanding core subjects like Human Resource Management, Business Environment, and Management Principles. Actively participate in lectures, review class notes daily, and form study groups to discuss complex topics. Utilize online learning platforms like NPTEL or Coursera for supplementary understanding of management and business environment concepts.
Tools & Resources
NPTEL, Coursera, Academic textbooks, Study groups, Library resources
Career Connection
A solid grasp of fundamental concepts is crucial for excelling in advanced subjects and forms the bedrock for entry-level roles in HR, administration, or general business analysis.
Develop Essential Business Software Skills- (Semester 1-2)
Master practical computer applications covered in Computer Applications in Business and Management Information System. Gain proficiency in MS Office suite (Excel for data analysis, PowerPoint for presentations), basic database management concepts, and internet applications. Seek out online tutorials or certification courses for Excel beyond the curriculum.
Tools & Resources
Microsoft Office (Excel, Word, PowerPoint), Online Excel tutorials (e.g., from Udemy, LinkedIn Learning), Basic SQL practice
Career Connection
Proficiency in business software is a universal requirement across all corporate and financial roles, significantly boosting employability and efficiency.
Cultivate Research and Analytical Acumen- (Semester 2)
Engage deeply with Research Methodology & Statistical Analysis to develop strong analytical skills. Practice data collection techniques, statistical tools, and report writing. Work on small research projects or case studies provided in class to apply theoretical knowledge. Participate in college-level paper presentations or academic discussions.
Tools & Resources
SPSS (if available), R (basic level), Excel for statistical functions, Academic journals, Research papers
Career Connection
Strong research and analytical skills are highly valued in roles requiring market analysis, financial modeling, or policy evaluation, providing a critical edge in a data-driven economy.
Intermediate Stage
Deepen Financial and Economic Understanding- (Semester 3)
Focus on core financial management and economic principles from subjects like Financial Management and Managerial Economics. Solve practical problems, analyze case studies related to capital budgeting, working capital, and pricing strategies. Follow current economic news and financial market updates relevant to India.
Tools & Resources
Business newspapers (Economic Times, Business Standard), Financial news portals, Case study competitions, Financial modeling exercises
Career Connection
In-depth knowledge of financial and economic concepts is essential for roles in corporate finance, investment banking, and economic consulting, making you a competent financial decision-maker.
Explore Investment and Rural Market Dynamics- (Semester 3)
Actively participate in discussions and projects related to Security Analysis and Portfolio Management and Rural Development and Co-operation. Experiment with virtual stock trading platforms to understand market dynamics. For rural development, identify local challenges and potential co-operative solutions. Attend webinars on financial literacy and rural entrepreneurship.
Tools & Resources
Virtual stock trading apps (e.g., Zerodha Varsity), SEBI investor education resources, NABARD publications, Local co-operative visits (if possible)
Career Connection
Specialization in investment broadens opportunities in wealth management, stockbroking, and equity research, while understanding rural dynamics opens doors in agribusiness, microfinance, and development sectors, particularly relevant in India.
Prepare for Industry Internships and Projects- (Semester 3-4)
Actively seek and complete internships during semester breaks in areas like finance, marketing, or general administration. Apply theoretical knowledge from subjects like International Business and Principles of Marketing to real-world scenarios. Network with industry professionals through college events or LinkedIn.
Tools & Resources
Internship portals (Internshala, LinkedIn), Professional networking events, Resume building workshops
Career Connection
Internships provide invaluable practical experience, enhance resume value, and often lead to pre-placement offers, accelerating career entry and providing critical industry exposure.
Advanced Stage
Specialize in Regulatory and Entrepreneurial Frameworks- (Semester 4)
Gain a strong understanding of Industrial Law and Entrepreneurship and Small Business Management. Analyze legal case studies and understand compliance requirements. Develop a detailed business plan for a potential small enterprise, considering the Indian regulatory environment and support mechanisms.
Tools & Resources
Government websites for MSME schemes, Legal databases, Business plan templates, Startup mentorship programs
Career Connection
Expertise in industrial law is vital for compliance roles, HR departments, and legal advisory, while entrepreneurial knowledge empowers individuals to launch their ventures or contribute innovatively to existing businesses, especially in the growing Indian startup ecosystem.
Master Global and Local Marketing Strategies- (Semester 4)
Apply knowledge from International Business and Principles of Marketing to analyze global market trends and devise effective marketing strategies for Indian and international products/services. Work on a comprehensive marketing project, perhaps for a local business, focusing on digital marketing aspects relevant today.
Tools & Resources
Google Analytics (basic), Social media marketing tools, Market research reports, Marketing case studies
Career Connection
Strong marketing acumen, combined with an understanding of international business, opens doors to roles in brand management, sales, international trade, and digital marketing across diverse industries.
Comprehensive Placement Preparation and Networking- (Semester 4)
Dedicate time to intensive placement preparation, including mock interviews, group discussions, and aptitude test practice. Refine your resume and cover letter based on target roles. Actively network with alumni and professionals in your areas of interest. Attend campus recruitment drives and career fairs.
Tools & Resources
Online aptitude test platforms, Interview preparation guides, LinkedIn for professional networking, College placement cell services
Career Connection
Proactive placement preparation is critical for securing desired job roles immediately after graduation, ensuring a smooth transition into the professional world and leveraging your M.Com specialization.
Program Structure and Curriculum
Eligibility:
- Bachelor of Commerce (B.Com) or equivalent degree with minimum 45% marks from a recognized university.
Duration: 2 years (4 semesters)
Credits: 64 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EAFM 101 | Human Resource Management | Core | 4 | Nature of HRM, Human Resource Planning, Job Analysis & Design, Recruitment & Selection, Training & Development, Performance Appraisal |
| EAFM 102 | Business Environment | Core | 4 | Concept & Significance of Business Environment, Economic Environment, Political & Legal Environment, Socio-Cultural Environment, Technological Environment |
| EAFM 103 | Principles and Practice of Management | Core | 4 | Introduction to Management, Planning, Organizing, Staffing, Directing, Controlling, Modern Management Challenges |
| EAFM 104 | Computer Applications in Business | Core | 4 | Fundamentals of Computers, Operating Systems, MS-Office (Word, Excel, PowerPoint), Database Management System (DBMS), Internet & E-commerce |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EAFM 201 | Organisational Behaviour | Core | 4 | Nature & Scope of OB, Foundations of Individual Behaviour, Motivation, Group Dynamics, Leadership, Conflict & Negotiation |
| EAFM 202 | Indian Financial System | Core | 4 | Overview of Indian Financial System, Financial Markets (Money & Capital), Financial Institutions, Financial Services, Regulatory Framework |
| EAFM 203 | Management Information System | Core | 4 | Concept & Role of MIS, Information Systems Development, Database Management, Decision Support Systems (DSS), Enterprise Resource Planning (ERP) |
| EAFM 204 | Research Methodology & Statistical Analysis | Core | 4 | Introduction to Research, Research Design, Data Collection, Sampling, Data Analysis (ANOVA, Regression, Correlation), Report Writing |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EAFM 301 | Financial Management | Core | 4 | Nature & Scope of Financial Management, Capital Budgeting, Capital Structure, Working Capital Management, Dividend Policy |
| EAFM 302 | Rural Development and Co-operation | Core | 4 | Concept of Rural Development, Rural Economy, Rural Poverty, Co-operative Movement in India, Rural Credit, Agricultural Marketing |
| EAFM 303 | Managerial Economics | Core | 4 | Introduction to Managerial Economics, Demand Analysis, Production and Cost Analysis, Pricing Policies, Market Structures |
| EAFM 304 | Security Analysis and Portfolio Management | Core | 4 | Investment Environment, Risk & Return, Security Valuation (Bonds, Shares), Portfolio Theory, Portfolio Performance Evaluation |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EAFM 401 | Industrial Law | Core | 4 | Factories Act, 1948, Industrial Disputes Act, 1947, Minimum Wages Act, 1948, Payment of Wages Act, 1936, Employees'''' Provident Funds Act, 1952 |
| EAFM 402 | Entrepreneurship and Small Business Management | Core | 4 | Concept of Entrepreneurship, Entrepreneurial Motivation, Small Scale Industries (SSI), Project Report Preparation, Institutional Support for SSI |
| EAFM 403 | International Business | Core | 4 | Nature & Scope of International Business, Theories of International Trade, Foreign Exchange Market, Balance of Payments, International Financial Institutions |
| EAFM 404 | Principles of Marketing | Core | 4 | Nature & Scope of Marketing, Marketing Mix (4Ps), Consumer Behaviour, Market Segmentation, Product Life Cycle, Pricing Strategies |
