Top Commerce Colleges in Mumbai 2021

Commerce is a subject which deals all about economics, business, trading, and finance accounts. Commerce is one of the options for streams students get after completing their 10th. A huge number of students choose commerce as their stream for their 10+2 examination. 

After pursuing a commerce stream during their 10+2, students have many courses to choose from for their higher education. Some of the students may choose art courses such as Bachelors of journalism and mass communication while some of the others may go for management studies in a course such as BBA, other than that the majority of students decide to pursue the most popular course under commerce which is B.Com.  

B.Com is a course which is truly and purely dedicated to all the aspects and factors of commerce. Unlike BBA, it does not only focus on business management but also teaches other factors such as trading, E-commerce, accounts, and economics. B.Com stands for Bachelor of Commerce, which is a 3-year long course. B.Com is a quite common course which is available at almost every college and especially the commerce colleges. This program is available for both in-class and distance/online learning.

Some of the subjects which are taught in B.Com are Financial accounting, business laws, principles of macroeconomics, business mathematics and statics, and Language subject. Average fees for a B.Com degree is from Rs. 0.10 lakhs to 1 Lakhs.  Average salary a fresher would earn after completing their commerce degree will be Rs. 2 Lakhs to 6 Lakhs per annum. In this article, we will focus on all the top commerce colleges in Mumbai, providing commerce degree B.Com. 

Commerce Colleges in Mumbai: Eligibility criteria 

Different colleges have different eligibility criteria, but there are some common criteria which we have listed down below:- 

  • The candidate must have pursued commerce as their stream during their 10+2 examination.

  • The candidate must score at least 50% in the 10+2 examination. 

  • The candidate must be at least 17 years old when applying for the college. 

M.Com 

  1. The candidate must complete their bachelor's degree

  2. They should score at least 50% marks in the last qualifying exams for their bachelor's degree. 

Commerce Colleges in Mumbai: Admission process 

Every student should know the common admission process followed by colleges in India. Below we have listed common steps which are followed by commerce colleges in India:- 

  1.  First, the student needs to fulfil all the eligibility criteria required by the college 

  2. After which the student needs to see whether the desired college conducts or demands the student to take part in any entrance exams. 

  3. Almost every college takes admission on merit basis. 

  4. After this, the college declares their cutoff scores and students who score higher than the minimum requirement can take part in the next level of supposed to give personal interviews and group discussion. 

  5. If the student gets selected after passing all the rounds, then the student can start the enrollment process in the selected college.

Commerce Colleges in Mumbai: Available Specializations

  1. B.Com Colleges in Mumbai

As explained earlier, 

 is an undergraduate degree in the commerce field. It is a 3-year course and deeply focuses on all parts of commerce. It makes a student ready for operating in a business firm, or it makes a student capable of running their own business according to the aspects of commerce. It is more of an academic course in the field of commerce. 

Below we have listed top colleges in Mumbai which offer B.Com Degree further we have also provided their fees, rankings if any of them have it from NIRF or Careers360, their entrance exam if they demand any and most important fees of all the colleges.  

Name of the college

NIRF 2020 Rank

Careers360 Rating/Ranking

Entrance exam acceptable 

Cutoff 

Fees

St. Xavier's College 

90 

N/A

Merit-based 

-

Rs. 16.57k

KJ Somaiya College of Science and Commerce

N/A

N/A

Merit-based 

N/C

Rs. 28.84K – 70.66K

Jai Hind College

N/A

N/A

Merit-based 

N/C

Rs. 15.80K – 58.40K

Mithibai College of Arts 

N/A

N/A

Merit-based 

N/C

Rs. 16.17K – 55.77K

Bhavan's College

N/A

N/A

Merit-based 

N/C

Rs. 16.51K

Kishinchand Chellaram College 

N/A

N/A

Merit-based 

N/C

Rs. 16.11K - 57.21K

HR College of Commerce and Economics 

N/A

N/A

Merit-based 

N/C

-

Guru Nanak Khalsa College of Arts 

N/A

N/A

Merit-based 

N/C

Rs. 23.25K – 91.95K

Narsee Monjee College of Commerce and Economics 

N/A

N/A

NMIMS NPAT 

85 

Rs. 23.42k – 1.38 lakhs

Sydenham College of Commerce and Economics 

N/A

N/A

Merit-based 

N/C

Rs. 13.41K 


  1. B.Com Hons Colleges in Mumbai

B.Com and B.Com Hons are quite similar, but they do have some differences such as B.Com Hons is considered as more of a professional course. And generally, students who are preparing for CA or CS examinations take this course to be more well prepared. This course also includes some subjects of CA and CFA because of which it is widely taken by CA aspirants. This course further also offers specializations in one of the main subjects of the course. It may be finance and accounting, business studies, and economics. 

Below we have listed top colleges in Mumbai which offer B.Com(Hons)Degree further we have also provided their fees, rankings if any of them have it from NIRF or Careers360, their entrance exam if they demand any and most important fees of all the colleges.  

In Mumbai, there are only three colleges which provide the B.Com Hons course: - 

Name of the college 

NIRF 2020 Rank

Careers360 Rating/Ranking

Entrance exam acceptable 

Cutoff

Fees

Nagindas Khandwala College 

N/A

N/A

Merit-based 

N/C

-

Anil Surendra Modi School of commerce 

N/A

N/A

Merit-based

N/C

Rs.

5.59 Lakhs 

Narsee Monjee College of commerce and economics 

N/A

N/A

Merit-based 

N/C

Rs. 95.72K


  1. M.Com Colleges in Mumbai

M.Com is a postgraduate course in the field of commerce. It is a 2-year long course which focuses on business studies and can be pursued by only those students who have completed their bachelor's degree in the field of commerce. It is easily approachable to people who want a career in the field of teaching or researching.  It is more of a theory-based subject. Average fees for Master of Commerce Course is Rs. 0.60 lakhs. 

Below we have listed top colleges in Mumbai which offer M.Com Degree further we have also provided their fees, rankings if any of them have it from NIRF or Careers360, their entrance exam if they demand any and most important fees of all the colleges.

Name of the college 

NIRF 2020 Rank

Careers360 

Rating/Ranking

Entrance exam acceptable 

Cutoff

Fees

Ramniranjan Jhunjhunwala college 

N/A

N/A

Merit-based 

N/C

Rs. 29.25K

HR College of commerce

N/A

N/A

Merit-based 

N/C

-

KJ Somaiya college 

N/A

N/A

Merit-based 

N/C

Rs. 25.09K

Sydenham College of commerce and economics 

N/A

N/A

Merit-based

N/C

Rs. 14.96K – 16.27K

V K Krishna Menon college 

N/A

N/A

Merit-based 

N/C

Rs. 28.08K 

Vivekanand education society 

N/A

N/A

Merit-based 

N/C

Rs. 25.12K


Career Options After Completing a Commerce Degree 

A student needs to think about what he or she will do next after completing the course. So below we have written job opportunities which every student can get after completing B.Com course and M.Com course: - 

  1. B.Com

There are quite a lot of opportunities after doing B.Com. A student might choose to do further studies such as M.Com, MBA or can even look for job opportunities. 

Below are some job opportunities after doing B.Com:- 

Job opportunity 

Expected salary 

Government jobs 

Rs. 2 Lakhs to 5 Lakhs per annum 

Digital marketer 

Rs. 3 Lakhs to 4.5 Lakhs per annum 

Business analyst 

Rs. 3.5 Lakhs to 5.5 Lakhs per annum 

Financial risk manager 

Rs. 5 Lakhs to 7 Lakhs per annum 

Tax consultant 

Rs. 5 Lakhs per annum 


  1. M.Com 

Down below, we have listed the top 5 job opportunities available to a student after completing the course in M.Com

Job opportunity 

Average Salaries

Finance analyst

Rs. 5 Lakhs per annum 

Senior accountant 

Rs. 4.7 Lakhs per annum

Finance manager 

Rs. 7 Lakhs per annum 

Executive assistant 

Rs. 5.5 Lakhs per annum 

Money Manager 

Rs. 4 Lakhs per annum 

 
Top employers in the commerce sector

Many employers provide jobs in the commerce sector. In top colleges generally, there are placement cells which invite top companies for recruiting their students. Below are some of the companies which provide good salary as well as are preferred by many job opportunistic:- 

  1. SBI 

  2. HDFC

  3. ICICI Bank

  4. Deloitte

  5. Indusind Bank

  6. Ernst & Young 

  7. LIC 

  8. TFC

  9. KPMG 

  10. United India Insurance

  11. Max Bupa 

  12. Bajaj Allianz

  13. Kotak Life

  14. Citibank


FAQs 

Question 1:- What is the meaning of B.COM?

The full form of B.Com is Bachelors of commerce which is the most basic undergraduate degree course offered by colleges and universities in India.

Question 2:– Which is the most famous course in the field of commerce? 

The famous degree or course in the field of commerce is B.Com, followed by M.Com and B.Com (Hons). 

Question 3:-  Are there any specific eligibility criteria for B.Com? 

The eligibility criteria for admission in B.Com degree courses in India are as follows: - 

  • The candidate should preferably have pursued commerce in their 10+2 examination or higher education. 

  • The candidate must score at least 50% in the 10+2 examination. 

  • The candidate must be of at least 17 years while applying for the college. 

Question 4:-  Do colleges conduct personal interviews and group discussion rounds for admission in B.Com degree courses? 

Yes, some of the top colleges do conduct personal interviews and group discussion rounds. The students who clear the cutoff round are called for both of these rounds, and the student who crosses all the three rounds gets admission in the college. 

Question 5:- Name the best college in Mumbai for B.Com? 

One of the best colleges in Mumbai for B.Com is St. Xavier's. It is also ranked by NIRF and features amongst the top 100 commerce colleges from all over India. 

Question 6:- What is the fees of St. Xavier's college for the B.Com degree? 

St. Xavier's is one of the best colleges in Mumbai and the fees for its B.Com course is 16.57K. 

Question 7:- Is there any entrance exam for B.Com in Mumbai colleges? 

Very few colleges demand entrance exams for B.Com in Mumbai, such as Narsee Monjee. Otherwise, all colleges give admissions based on the merit of the candidates. 

Question 8:- What major subjects are taught during a B.Com degree? 

Subjects such as Financial Accounting, Business Studies, Macroeconomics, microeconomics, Tax, and Language. These subjects are purely focused on making students understand commerce and business-related activities, market trends and the situation of every business. 

Question 9:- Which are the top recruiters for B.Com graduates?

Generally, bank and finance firms recruit commerce graduates in huge numbers. The top companies are SBI, ICICI, HDFC, Deloitte, Welspun, Kotak, LIC, United Insurance, and Bajaj Allianz. 

Question 10:-  Does KJ Somaiya College provide commerce courses in Mumbai? 

KJ Somaiya has a whole branch which is dedicated to commerce and economic courses. It provides both B.Com and M.Com degrees. 

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