MCom, or Master of Commerce, is a two-year post-graduate study designed for applicants interested in banking, financial services, and insurance (BFSI), as well as accounting and commerce. The two-year course digs further into the economy’s functioning, capital, revenue, commerce, taxes, and other topics covered in B.Com. MCom is an extremely adaptable subject that allows students to pursue professions in a variety of industries. Because M.Com is such a specialised field, it is only open to individuals who have completed a B.Com or B.Com (H) degree. For CA/CS applicants, M.Com is also a viable alternative. However, because CA/CS courses may only be studied after Class 12, few CA/CS applicants study MCom. The cost of an MCom course ranges from INR 5,000 to INR 1,50,000. The MCom course has a strong return on investment and might be a worthwhile investment for students.
|Full-Form||Master of Commerce|
|Age Between||20 years or above|
|Eligibility||Bachelor of Commerce|
|Course Fees||INR Rs. 1 to 2 Lakh INR Rs.|
|Average Starting Salary||INR Rs. 40000 to 60000 INR Rs.|
|Assistant Accountant, Market Analyst, Accountant, Marketing Manager, Investments Analyst, Accounts Assistant, Investment Banker, Business Analyst, etc.|
The following are the essential requirements for enrolling in this course:
A applicant must have a bachelor’s degree in commerce to be eligible to pursue an MCom course. Many universities and institutions accept any graduating degree with honours in economics or business/management studies as an alternate criterion for admission to an MCom programme.
Step 1: Go to the website, register, and log in to your account.
Step 2: Carefully read the instructions and complete the application form.
Step 3: Add the relevant papers to your account.
Step 4: Before submitting the application form, double-check it.
Step 5: Pay the application cost in its whole.
|Account Assistant||INR 2.16 Lakhs|
|Business Analyst||INR 6.1 Lakhs|
|Investment Banker||INR 9.4 Lakhs|
|Marketing Manager||INR 7.17 Lakhs|
MCom Distance Education is one of the most lucrative courses available to those who are unable to continue their degree in a traditional setting. Candidates should confirm whether the MCom Distance Education programme is accredited by the Distance Education Board (DEB) and the University of Georgia (UGC) before applying.
|What are the different kinds of MCom?|
In India, there are just a few different sorts of MCom degrees. It is typically determined by the specialities or themes offered by the college or institution.
|What options do I have now that I’ve completed my MCom? What does MCom entail in India?|
Students with an MCom degree can pursue careers in finance, economics, business, e-commerce, and banking. Following completion of this master’s degree programme, these are the key sectors of employment.
If you want to advance your career, there are a variety of courses available after MCom, including PhD, CA, CFA, CFM, CFP, ICW, LLB, and others.
Which is preferable: an MCom or an MBA?
A master’s degree in commerce is known as MCom, while a master’s degree in management is known as MBA. Both provide a wide range of career opportunities and have their own set of benefits.
Accountants, Tax Consultants, CA, CFA, Financial Consultants, Business Consultants, and other professions can become Accountants, Tax Consultants, CA, CFA, Financial Consultants, Business Consultants, and other professionals with an MCom. Following graduation, students can pursue a variety of higher degrees and courses, as previously noted.
MBAs, on the other hand, prepare students for management and leadership roles in a variety of fields, including marketing, finance, international business, digital marketing, e-commerce, data and business analytics, and so forth. After an MBA from a top B-School, the typical beginning income is about INR 12-20 LPA. The average cost of pursuing an MCom is significantly lower than that of an MBA.
Is it possible to become a CA after completing an MCom?
Without a doubt! After completing your MCom, you can pursue a career in accounting. In fact, you may pursue it concurrently with your MCom. There is no age limit for pursuing CA, so you can start at any moment. CA will take at least 3-5 years to finish.
|Which is preferable: a Master of Commerce or an LLB?|
Both of these routes are diametrically opposed to one another. LLB is a law degree that may be pursued after graduation to help you become a lawyer, advocate, or work in the legal field. MCom degrees provide a higher level of study and understanding in areas such as economics, finance, taxation, and business management.
So, which master’s degree you pursue is entirely dependent on your interests. A LLB has more employment opportunities than a mere MCom. MCom is useful if you wish to pursue higher education and work as a lecturer or teacher in colleges or universities.