• 72nd All India Commerce Conference ll 2019
    M.Com. Part-I admissin Notice 2019-2020
    Admission to Ph.D. Programme Second Half 2018-19
    16th International Commerce and Management Conference on "Global Economy, Insolvency and Bankruptcy Code"
    Department of Commerce: 15th International Commerce and Management Conference on "Impact of Digitalization and E-Commerce on Indian and GLobal Economy: Challenge and Opportunities"
    14th International Commerce and Management Conference
    Department of Commerce, University of Mumbai and Maharashtra College of Arts, Science & Commerce Jointly organising One-day Interdisciplinary National Conference On Sustainable Development: Impact on Trade, Commerce, Economics and Science on 19th November 2016
    ​M.Com. Third Merit List
    M.Com. Second Merit List
    M.Com. Part-I Admission Date Extended for the academic year 2016-17
    M.Com. First Merit List
    M.Com. Part-I Admission Schedule for academic year 2016-17
    One Day Seminar on Sustainable Development in India: Strategies and Emerging trends
    13th International Commerce and Management Confernce



    The Department of Commerce was established on 1st December, 1980. The Department provides instruction for two years course of Master of Commerce (M.Com.) Degree by papers/by Research. For the M.Com. Degree by papers a student has to study three compulsory papers and has to select optional subject with five papers from a wide range of optional subject namely (i) Business Management (ii) Banking and Finance.The Department admits students for research leading to the Ph.D. Degree. A wide range of industrial, banking,finance and business management topics are covered under Ph.D. programme.

    The Department of Commerce, University of Mumbai was established in the year 1st December, 1980 to shoulder the responsibilities of post-graduate teaching, training and research in the Commerce Faculty.

    The Department is the most active one with tremendous potential for growth. At present, the Department admits students for the M.Com., M.Phil., and Ph.D. Degrees. The Department offers specialization in areas most relevant to the city of Mumbai, the Financial Capital of the country viz. Business Management and Banking Finance. The Department provides instruction for two years M.Com. Degree (By papers / By research). In the M.Com. Degree by papers the students have to study three compulsory papers and have to select five papers from a wide range of optional subjects viz. Business Management and Banking and Finance.

  • Courses

    Course Structure

    The course of M.Com. consists of 3 compulsory papers and 5 Papers in each Optional Group. Student has to select any one of the optional group of papers.

    Compulsory Papers

    1.     Strategic Management
    2.     Economics of Global Trade and Finance
    3.     Research Methodology in Commerce

    Optional Group of Papers

    1.     Business Management
    2.     Banking and Finance
    3.     Advanced Accountancy

    Syllabus and Examinations

    The syllabi in the papers prescribed for the M.Com. examination can be obtained from the office of the University Department of Commerce.

    M. Com.:- PART I - Syllabus and Examination

    Compulsory Papers :1. Strategic Management2. Economics of Global Trade and Finance

    Optional Group :

    1. Business Management Paper-I Human Resource ManagementPaper-II Marketing Strategies and plans

    2. Banking and Finance Paper-I Commercial Banks ManagementPaper-II Financial Banks Management

    3. Accountancy Paper-I Advanced Financial AccountingPaper-II Advanced Cost Accounting

    Examination :

    A candidate for being eligible for admission to Part-I of the examination shall have kept two terms subsequent to his/her passing the Bachelor of Commerce Examination.

    Standard for Passing Examination :

    To pass the Part I examination, a candidate must obtain at least 40% of the marks in each of the paper prescribed for the examination.

    M.Com. Part-II

    Compulsory Paper

    1) Research Methodology in Commerce

    Optional Papers

    Business Management :Paper III Organisational Behavior

    Paper IV International Marketing

    Paper V Entrepreneurial Management

    Banking & Finance : Paper III Financial Markets

    Paper IV International Finance

    Paper V Investment Management

    Ph.D. (in Commerce)

    Admission Procedure

    Admission in the Department of Commerce is based on Merit


    Fee Structure


    Tuition Fee Ist and IInd Term



    Application Form Fee



    P.G. Registration



    Registration Form Fee



    Caution Money Deposit



    Library Fee


    Rs. 200/-

    Students Union Fee



    Cult. Activities Fee



    Gymkhana Fee







    Disaster Fee



    Group Insurance Fee





    Rs. 1511/-

  • Research
  • Seminar and Events

    Seminars organized : (2003-2004)


    1) Foreign Direct Investment in India, organized on September 11, 2003

    2) Globalisation and World Economy, organized on September 18, 2003.

    3) Strategic Management in India organized on September 25, 2003.

    4) Management of Ethics and Social Responsibility organized on October 3, 2003.






    Thursday 7th & Friday 8th February, 2008

    Organised by : The University Department of Commerce, University of Mumbai


    Dr. Vivek Deolankar, Director of the Conference and Professor and Head, Department of Commerce, University of Mumbai, Ranade Bhavan, 2nd Floor, Vidyanagari Campus,Mumbai - 400 098. ( India )
    : VENUE : Kavivarya Kusumagraj, Marathi Bhasha and Sahitya Bhavan™, Vidyanagari Campus, Kalina, University of Mumbai, Mumbai 400 098.


    Dr. Vijay Khole,

    Vice-Chancellor, University of Mumbai.


    Dr. A.D. Sawant,

    Pro-Vice Chancellor, University of Mumbai.


    Dr. V. N. Magare,

    Director, Board of College and University Development (BCUD),

    University of Mumbai

    Principal K. Venkatramani,

    In-charge Registrar, University of Mumbai.


    Dr. Vivek Deolankar,

    Professor and Head, University Department of Commerce.


    1. Mr. A. Sivaraman, Asst. Vice President, NOCIL Ltd., Mumbai.

    2. Dr. Lata Krishnan, Director IACSM of Mahatma Education Society™s, Mumbai.

    3. Mr. Sanjay Caturvedi, Managing Director, Accommodation Times News Paper, Mumbai.

    4. Ms. Jalpa Dalal, Chairman and Managing Director, JKKG Financial Service Pvt. Ltd. Mumbai.

    5. Mr. Jalpesh Mehta, ICICI Bank, Head  Alliance Banking, International Banking Group, Mumbai.

    6. Mr. Viral Thakkar, Key-Account Manager, Reliance Communication, Mumbai.

    7. Mr. Rajendrakumar Jain, Chairman & Managing Director, Jain & Associates, Mumbai.

    8. Mr. Sudhakar Pujari, Ph.D. Student, Department of Commerce, University of Mumbai.

    9. Ms. Anita Pasbola, Guru Nanak Khalsa College of Arts, Science & Commerce, Matunga, Mumbai.

    10. Ms. Alka Pandey, M.Com. Part II Student, Department of Commerce, University of Mumbai.

    11. Dr. Gautam Shah, Chairman and Managing Director, Shah & Associates, Mumbai.

    12. Dr. Rajesh U. Chheda, Managing Director, Rajsoftware Technology (India) Ltd., and Director, e-fin Solutions (U.K.)

    13. Dr. M.K. Dekate, Reader, Department of Commerce, University of Mumbai.

    14. Ms. Sangeeta Pawar, Lecturer, Department of Commerce, University of Mumbai.

    15. Mr. Ashish Tripathi, Lecturer, Mehta College of Commerce, Mumbai.

    16. Mr. M. Balajee, CFO ESSAR SEZ Hazira Limited, Mumbai.




    The University of Mumbai (Known earlier as University of Bombay) is one of the oldest and Premier University in India. It was established in 1857 consequent upon Woods Education Dispatch, and it is one amongst the first three Universities in India.The Profile of this University carved out in 150 years of its functioning attests to its manifold achievements as the intellectual and moral powerhouse of the society. The University has always given its best to the country in general and to the city of Mumbai in particular by enthusiastically shouldering an ever-growing load of social values and opportunities.

    It is now granted a Five Star status by the National Assessment and Accreditation Council (NAAC). It has two campuses of area of 230 acres and 13 acres, with 1.25 million square feet of built-up area, 22 thousand sq. feet of class-rooms and 84 thousand sq. feet of laboratory space. It has two post graduate centers, about 470 affiliated colleges and 55 Departments. It has established its name in industrial collaborations and runs various professional courses.




    The Department of Commerce, University of Mumbai was established in the year 1st December, 1980 to shoulder the responsibilities of post-graduate teaching, training and research in the Commerce Faculty. The Department is the most active one with tremendous potential for growth. At present, the Department admits students for the M.Com., M.Phil., and Ph.D. Degrees. The Department offers specialization in areas most relevant to the city of Mumbai, the Financial Capital of the country viz. Business Management and Banking Finance. The Department provides instruction for two years M.Com. Degree (By papers / By research). In the M.Com. Degree by papers the students have to study three compulsory papers and have to select five papers from a wide range of optional subjects viz. Business Management and Banking and Finance.



    Integration of financial markets across the globe has widened the avenues for investment, especially for corporate. The avenues have brought along with them returns as well as risks of investing in them. Since risks and returns go hand in hand, corporate cannot do away with the associated risk completely. They can, however, mitigate of manage the risk. Of late, risk management/mitigation strategies are assuming a lot of importance. This is encouraging big corporate houses to treat risk management as a specialized function. But, since most of the corporate are more worried about managing the risk from their financial transaction, Financial Risk and Strategic Management; A Global Perspectives is all the more significant.

    Financial engineering for introducing a number of instruments for managing financial risks. In view of increasing cross border trade, most of the corporate are setting up their subsidiaries in other countries. Thus, it is imperative for every aspiring finance manager to acquire knowledge about the techniques for managing risks arising from a variety of sources. These techniques mostly comprise of the derivative products that are used for minimizing/hedging the risk. These products can be used in different combinations as the situation wants.

    Risk and Uncertainty is the possibility of something unpleasant happening or the chance of encountering loss or harm. Risk, in the present context, means the uncertainty of future cash flows. The objective of the companies is believed to be maximization of shareholders wealth. Hence, the possibility of the growth rate of the shareholder's wealth falling short of the set targets can be considered as the risk a corporate faces. While this is the effect, and the job of a Risk Manager involves identification of the nature of risk, the remedial measures available for managing the risk and the cost of managing the risk.

    It will than be necessary for the Risk Manager to decide on the risk to manage and the alternatives to be selected for managing the same. The basis of Risk Return framework advocates selection of an investment depending on the capability willingness of the investor to take risk apart from the return available on such investments. Hence, the Risk Manager's job involves in ensuring that the RISK is maintained at the desired level. It must be clearly understood that Risk Management does not always mean Risk Reduction. In all such cases where risk is imperative, increasing the predictive ability also forms part of risk management.

    The risk and uncertainty to which a corporate is exposed can be interest rate risk, exchange risk, liquidity risk, default risk, internal business risk, external business risk, financial risk, events of natural calamities, market risk, marketability risk, credit risk, personnel risk, environmental risk, production risk. Once the different types of risks are identified, the next step involves identifying the alternate tools available for managing the risk. The tools are like avoidance, loss control separation, combination, and transfer.

    Risk and uncertainty management although essential to control risks and avoid loss cannot guarantee full success. Risks can be minimized but never completely erased. While various theories, discuss the benefits of diversification, careful investments in selected sectors, hedging and arbitraging, no money manager can guarantee a fool proof system against risks, mainly because many risks are unexpected and as a result from events of God. The remedial measures available to manage the risk are mostly based on general experience from the past. Managing risk tools may prove to be very costly and the investment in such tools may not justify the returns.

    The selection of suitable methods for risk and strategic management depends on the firm's expectations regarding the future as well as the degree of risks acceptable to the management. In short, given the uncertainty of returns and the occurrence of risks, the management should undertake to the extent of risk and Strategic management, which is appropriate to its level of operations. No foolproof system can ensure that risk is totally abolished and most of the techniques are based on past experiences.

    Risk and Strategic management needs to be looked at as an organizational approach, as management of risks independently cannot have the desired effect over the long-term. This is especially necessary as risks result from various activities in the firm, and the personnel responsible for the activities do not always understand the risk attached to them. The risk and Strategic management function involves a logical sequence of steps.

    Strategic Financial Management makes an effort to provide a blend of strategic perspective of advanced corporate finance and the principles of management.



    In the context of the above, following are the broad objectives of the Conference: -

    a) To find out the challenges and solutions in the areas of financial risk, uncertainty and strategic management and to recommend measures for corporate sector, trade commerce industries, business, banking and financial sectors and other sectors in India and also in countries like USA, UK, West Germany, Eastern European Countries, Australia, Taiwan, Mauritius, Singapore, Indonesia, France, Germany, Korea, Israel, Mexico, Brazil, Sri Lanka Jordan, Oman, Dubai, Pakistan, Nepal and other countries in the world.

    b) To examine the financial risk, uncertainty and strategic management for banking and financial sector, insurance sector and government policies for trade, commerce and industries for minimizing risk in India and Abroad.

    c) To provide the techniques that can be used for risk, uncertainty and strategic management. It covers in detail the importance of corporate risk and strategic management, used of derivative products like futures, options, swaps, and weather derivatives. To identify in depth the aspects of insurance and value at risk.




    i) Financial risk and uncertainty management in stock markets.

    ii) Risk and uncertainty management for small investors and precautions and protections to investors.

    iii) Risk and uncertainty management in Information Technology Sector.

    iv) Strategic management and derivatives in Indian capital market.

    v) Financial risk and uncertainty management in trade, commerce and industries.

    vi) Financial risk and certainty management in corporate sector.

    vii) Risk management in banking and financial sector.

    viii) Fiscal management and risk management in government sector.

    ix) Strategic financial management.

    x) Total risk management.

    xi) Mechanics of future markets.

    xii) Currency futures.

    xiii) Interest rate futures.

    xiv) Index and stock futures.

    xv) Commodity futures.

    xvi) Options.

    xvii) Sensitivity of option premiums.

    xviii) Financial swaps.

    xix) Credit derivatives.

    xx) Weather derivatives.

    xxi) Accounting for derivatives.

    xxii) Values at risk.

    xxiii) Risk and uncertainty - insurance life and non-life.

    xxiv) Risk management and corporate strategy.

    xxv) Organization architecture, risk management, and security design.

    xxvi) The practice of hedging.



    Outstanding papers will be selected and recognized with awards. In addition, they will be considered for publications in the Research Volume.

    TECHNICAL SESSIONS The National Conference will be of two days duration and will have six sessions besides Inaugural, Valedictory Session as detailed below: -



    Registration of Delegates 12.30 p.m. to 1.45 p.m.



    ( 2.00 p.m. to 4.00 p.m.)

    a) Inaugural Address

    b) Key Note Address

    c) Vote of Thanks


    (4.00 p.m. to 4.30 p.m.)

    II) TECHNICAL SESSION: Panel Discussion on Financial Risk, uncertainty and Strategic Management; Financial Stock Markets, Risk management for small investors and protections to investors. Risk Management in Information Technology Sector.

    ( 4.30 p.m. to 6.30 p.m.)



    Paper Presentation on Financial Risk, uncertainty Management in Trade, Commerce, Industries and I.T. Sector.

    (10.00 a.m. to 11.30 a.m.)


    (11.30 a.m. to 1.40 a.m.)


    Paper Presentation on Strategic Management and Derivatives in Indian Capital Markets.

    (11.40 a.m. to 1.00 p.m.)

    LUNCH BREAK(1.00p.m. to 2.00 p.m.)


    Paper Presentation on Risk, uncertainty management in banking and financial sector and Government Sector.

    (2.00 p.m. to.3.30 p.m.)


    (3.30 p.m. to 3.40 p.m.)


    Distribution of Certificate

    (3.40.p.m.to 5.00.p.m.)

    IMPORANT DATESLast date for submitting paper : Friday, February 1, 2008.

    Last date for Registration Friday, February 1, 2008.


    Filled-in Registration forms along-with a Demand Draft for Rs.850/- (Rupees Eight Hundred and Fifty Only) per delegate should reach the Director of the Conference latest by Friday, February 1, 2008. The Demand Draft should be drawn in favour of Finance and Accounts Officer, University of Mumbai from any Nationalize Bank payable at Mumbai. No cheque or money order will be accepted. Since we are making arrangement for accommodation in Hostel, therefore NO ON-THE-SPOT REGISTRATION WILL BE MADE.

    T.A. and D.A. for outstation delegates to be provided by the respective colleges / organization.


    Accommodation will be provided at I.C.S.S.R. Hostel, Vidyanagari Campus to the Outstation registered delegates on their request. Since the accommodation is limited, advance information for the same would be highly appreciated.


    Academicians and Professionals from India in the field of Finance, Banking and Financial Sector, Commerce, Management, Economics, Chartered Accountant and Allied Subjects, Planners, Policy Makers and Administrators in the Field of Commerce and Management and Curriculum Developers. Teachers of Commerce and Management at all levels. Representatives of Regional and Local Bodies, Representatives of Chambers and Commerce and Industries Association and other Professional Bodies. Researchers and Social Workers, M.Com., M.Phil., Ph.D. and other students.

    Contact for Help

    University Department of Commerce

    Office: (91-022) 26526388/26526091

    Ext: 322/323

    Direct Line : (91-022) 26522677

    Fax: (91-022) 26526893

    Cell: 9821146108

    Email Address: depttofcommerce@yahoo.co.in

    Download the Registration form

  • Teaching Staff

    Photo Teaching Staff Specialisation Experience
    Prof (Dr) Sangeeta Nivrutti Pawar
    Professor and Head Department of Commerce
    Senate Member 
    University of Mumbai
    Ranade Bhavan, Vidyanagari,Kalina campus, Mumbai- 400098
    Email- sangeeta.pawar@commerce.mu.ac.in
    Human Resource Management, Strategic Management , Marketing, Entrepreneurship Management, International Marketing, Organizational Behavior, Banking and Finance 24 years
      CMA Dr. Kinnarry Thakkar.
    M.Com. (Gold Medalist), ACMA., C.S., Ph.D., MBA (Finance)
    Associate Professor, Department of Commerce.
    Accountancy , Finance and Taxation 22 Years
  • Non-Teaching Staff

    1) Smt. Mani Kanti Rathod, = Sr. Typist Clerk

    2) Smt. Rajshree H. Mishra = Jr. Typist Clerk

    3) Shri A.T. Mahangare = Peon

    4) Shri Prakash N. Gawde = Peon