MCom is a two-year master’s degree course for Masters of Commerce.
If you are interested in Finance and business, MCom is the right course. The main focus subjects of this course are commerce, banking, investment, marketing, financial service, accounting, management, and economics. Further, MCom is a professional degree with a broad scope that several colleges/universities offer to students. Moreover, MCom online admission is now available for students at many colleges/universities. Furthermore, students can pursue the MCom course in Regular, Distance learning or Online learning mode.
Additionally, this distance learning and online learning course enable students to pursue this postgraduate course easily. Further, working professionals (students) can pursue the MCom degree and work side by side. This article helps you to learn more about Distance learning and Online MCom course structure, subjects and admission process.
In the Mcom online Admission program, the student does not have to attend regular classes. Moreover, the program is affordable. To apply for the MCom course, you need a bachelor’s degree in commerce. Further, the Mcom online admission process will require you to submit the education and other necessary documents. Once you have submitted the academic fee, you will be eligible to pursue the degree.
Further, during the admission procedure, you will choose your specialisation. Also, some Universities/Colleges have fee structures based on specialisations. In such Universities, you will decide the specialisation at the time of enrolment in the MCom course.
There are many distance learning and online learning MCom specialisations available. Some of the specialisations for MCom are –
- MCom General
- Mcom in banking and Finance
- Mcom in International Finance
- Mcom in Professional Accounting and Finance
- Mcom in Business Management
What Is MCom Degree Course?
MCom stands for Master of Commerce. As a postgraduate degree course, it highlights advanced research in business, Finance, and allied fields. Moreover, students will have a deeper understanding of numerous aspects of business management, accounting, economics, Finance, and related fields through distance learning or online MCom course. Further, a standard two-year programme includes coursework, research, and practical training or internships.
Types Of MCom Degree Course
Typically, MCom (Master of Commerce) degrees include a variety of specialisations that let students concentrate on particular facets of commerce and related fields. However, all universities or academic institutes may not offer specialisations.
Further, the following are some popular MCom course categories and their corresponding specialisations:
- General MCom
- Finance and Accounting
- Banking and Insurance
- International Business
- Marketing
- Taxation
- Entrepreneurship and Small Business Management
- Economics
Benefits Of the MCom Degree Course
Students enrolling in the MCom (Master of Commerce) course can access various advantages, including helpful information, practical experience, and professional and personal development opportunities. Therefore, here are some significant benefits of enrolling in an MCom degree course
Increased Employment Possibilities
An MCom can significantly increase employment possibilities. Further, graduates are qualified to work in academic institutions, accounting firms, financial institutions, corporations, and government agencies. Furthermore, they are eligible for various professions across sectors thanks to the specialised knowledge and abilities they acquire during the course.
Greater Salary Potential
MCom graduates usually make more money than those with a bachelor’s degree. Moreover, it can boost one’s career earning potential with an advanced degree and the specialist knowledge and skills acquired during the programme. Further, a niche specialisation puts your career on the fast track.
Industry Relevance
MCom keeps students consistent with market demands and trends, ensuring graduates have the knowledge and abilities to succeed in the workplace. Moreover, the curriculum is frequently modified to reflect new rules, procedures, and technology developments in business and allied sectors, preparing graduates for employment.
MCom Course Eligibility And Requirement
Here are the following general eligibility criteria and requirements for MCom courses:
- Educational Qualification
- Students must have a minimum Percentage(50% or higher) in the bachelor’s degree. Further, these qualification criteria vary from University to University. Also, the reserved category students get a relaxation in the minimum percentage.
- Entrance Exams (Admission Test (CAT), the Graduate Aptitude Test in Commerce (GAT), or university-specific entrance exams.)
- Application Form
- Documents (mark sheets, degree certificates, identity proof, photographs, others)
- Statement of Purpose (SOP)
- Letters of Recommendation
MCom Degree Course Fees And Duration
The Distance learning or online MCom course typically lasts two years, divided into four semesters.
Private Universities normally charge more for the MCom course than government-based educational institutions. So Distance learning or Online MCom course fees are generally higher in private colleges/universities. Moreover, the PG Commerce programme has an annual fee ranging from INR 10,000 to 25,000. The IGNOU MCom fee is INR 9,300 per year and INR 18,600 for the entire program. Lastly, you can click here to check IGNOU’s fresh admission cycle for 2023-24.
Best Colleges For MCom Course
It’s essential to determine the best colleges for an MCom course. Therefore, here is a list of the best colleges for MCom courses:
- Manipal University, Jaipur (MUJ)
- Lovely Professional University (LPU)
- Suresh Gyan Vihar University (SGVU)
- Indira Gandhi National Open University (IGNOU)
- University of Delhi, Delhi, India
- Mumbai University, Mumbai, India
- University of Calcutta, Kolkata, India
- University of Madras, Chennai, India
- Christ University, Bangalore, India
- Loyola College, Chennai, India
- Shri Ram College of Commerce, Delhi, India
- St. Xavier’s College, Mumbai, India
- Jamia Millia Islamia, Delhi, India
- Narsee Monjee College of Commerce and Economics, Mumbai, India
Some of these colleges offer regular whereas some offer Online, regular and Distance learning MCom courses.
MCom from IGNOU comes in distance learning mode only, whereas other universities which offer Distance learning or Online MCom also have to offer the course in regular mode.
Furthermore, the Online MCom will always benefit over regular Mcom as the student can work while pursuing the postgraduate course. Also, the Universities that offer the MCom Online mode are better than the Distance Learning Universities in most cases. Online learning Universities have stricter norms to follow than Distance Learning Universities.
Key Subjects In MCom Degree Course
The eligibility for Mcom is to be a graduate of any college. Moreover, there will be four semesters focusing on financial and economic subjects. Further, some of the main subjects are:
- Managerial Economics
- Quantitive Techniques
- Financial Reporting and Analysis
- Business Environment
- Marketing and Management
- Entrepreneurship
- Research Project and Report
- Portfolio Management
- Advance Corporate Accounting
- Microfinance Management
- International Financial Reports
- Capital Market
- Tax Planning
- Digital Marketing
- Corporate Social Responsibility
- Security Analysis
- Research Methods and Statistics
- Organisational Behavior
MCom in Finance and management has a wide scope after an MCom graduate has various job offers.
- Assistant Accountant
- Business Consultant
- Finance Analyst
- Finance Manager
- Business Analyst
- Operation Manager
- Corporate Analyst
- Risk Analyst
- Account Executive
- Audit Officer
What Are Job Opportunities After MCom Degree Course?
After completing an MCom course, graduates can access various job opportunities across different sectors. Some potential job opportunities after MCom are listed below:
Area Sales Manager
Area sales managers hit their regional sales targets to create income. Moreover, as an Area Sales Manager, you’ll need various analytical, interpersonal, and marketing skills.
Government Sector
Several government organisations and organisations hire MCom graduates for financial management, budgeting, and auditing positions. Further, treasury division, tax administration, or economic planning positions may be available.
Operations Manager
Professionals with expertise in operations management are in charge of the business’s operations. Moreover, they also oversee purchasing, accounting, human resources, and other procedures.
Nonprofit Organisations
Experience in accounting and financial administration is necessary for nonprofit organisations. Further, MCom graduates can work in NGOs or charity organisations in positions like financial analysts, grant managers, or programme managers.
Skills Required To Get a Job After MCom Course
When you complete the MCom (Master of Commerce) course, you will have a solid background in business, Finance, and related topics. Moreover, after completing an MCom programme, developing and highlighting the following abilities to increase your employability and acquire a job is beneficial. Some potential skills required after MCom are listed below:
Problem-solving Abilities
Develop problem-solving abilities to recognise and take on accounting, Finance, and business management issues. Further, use good judgement, logical thinking, and creativity to suggest workable ideas.
Research Skills
Develop your research abilities to obtain relevant information, conduct literature reviews, and analyse data to support academic or corporate decisions. Moreover, being proficient in research procedures and data analysis techniques can be beneficial.
Teamwork and Collaboration
Work well in multidisciplinary teams, communicate with colleagues, and support group objectives through developing excellent teamwork and cooperation abilities. Moreover, demonstrate your capacity for collaboration, idea sharing, and support of a pleasant work environment.
Attention to Detail
Pay close attention to details, particularly when handling financial data, performing audits, or creating reports. Moreover, accuracy and precision are crucial in financial analysis, calculations, and documentation.
Communication Skills
Excellent writing and verbal communication skills are necessary to properly present reports, communicate with stakeholders, and convey complex financial information. Further, effective cooperation, client connection, and concept presentation are all made possible by solid communication abilities.
Frequently Asked Questions (FAQs)
1. What Is the MCom Salary In India?
In India, the average pay for an MCom degree is INR 4.72 LPA.
2. Is M.Com A Professional Course?
The Department of Commerce offers a two-year, four-semester MCom Professional programme.
3. Which field Is Best In MCom?
Unquestionably, one of the best courses to pursue after earning an M.Com is CA or Chartered Accountancy. Further, students interested in accounting and taxation should choose a CA to become proficient in both fields.
Let Shikshagurus guide you in choosing the right path:
Feel free to contact ShikshaGurus if you still decide whether to enrol in the MCom Course. We’ll guide you in the proper direction. Moreover, the key benefit is that we can make the online course application procedure easy while also assisting you in receiving significant discounts.
Conclusion
I hope the structure and subjects of Mcom online admission are clear. The MCom is a popular postgraduate degree and is a great way to upgrade your resume. Moreover, it is still one of the most pursued degrees over other degrees. It is because online Mcom is much cheaper and provides a great scope in commerce. Also, you can pursue a career in teaching and lecturing. Moreover, some students choose a PhD after completing the Mcom course.
