Online MBA or Online M.Com: Which is the Best Post-B.Com Degree Option?
February 1st, 2024: 9 mins
This Article Explores:
- Introduction
- What is an Online MBA?
- What is an Online M.Com?
- Scope of Online MBA and OnlineM.Com Degrees
- MBA vs. M.Com Course Curriculum
- Universities that Offer Online MBA and M.Com Degrees
- Online M.Com and Online MBA Fees
- Which is Better: Online MBA or Online M.Com
Are you a B.Com graduate wondering whether an M.Com or MBA degree would be better for your dream career? If yes, this blog is for you.
Pursuing an M.Com is often the natural next step for a B.Com student. On the other hand, MBA graduates are currently enjoying an all-time high employability rate of 60% in 2023. This may leave you confused about which course you should enroll in for your higher studies.
In this blog, we will explore various aspects of online MBA programs and online M.Com degrees and help you identify which course best fits your future plans.
What Is An Online MBA?
An online Master of Business Administration (MBA) is a postgraduate degree course that teaches students various business administration concepts, including finance, entrepreneurship, accounting, and management. This two-year course is held completely online, with students accessing resources and interacting with their professors and peers via online platforms.
What Is An Online M.Com?
An online Master of Commerce (M.Com) degree is a two-year postgraduate course for students from a commerce or finance background. Just like an online MBA, this course is held virtually. However, unlike an MBA course, an online M.Com focuses more on advanced financial concepts rather than business concepts.
Scope of Online MBA and Online M.Com Degrees
Although online MBA graduates have a lot more options when it comes to choosing their career path, it does not mean that online M.Com students have lower employment rates. Both MBA and M.Com degrees are popular courses with a vast scope, with graduates having high employability.
Some common job roles associated with online M.Com and MBA degrees and their expected salary range are given in the table below.
|
Jobs After M.Com |
Salary |
|
Chartered Accountant |
|
|
Auditor |
|
|
Cost Accountant |
|
|
Tax Accountant |
|
|
Tax Consultant |
|
|
Corporate Secretary |
|
Jobs After MBA |
Salary |
|
Entrepreneur |
|
|
Digital Marketing Manager |
|
|
Business Analyst |
|
|
HR Manager |
|
|
Investment Banker |
|
|
Business Consultant |
MBA vs M.Com: Course Curriculum
Both online MBA and M.Com degrees include accounting and management concepts in their syllabus. However, an M.Com focuses more on advanced financial aspects, whereas an MBA also teaches business, leadership, and entrepreneurship.
The syllabus of online MBA courses:
- Accounting
- Financial Management
- Business Communication
- Strategic Management
- Information System Management
- Digital Marketing
- Marketing Management
- Entrepreneurship and Innovation
- Financial Modelling
- Tax Management and Planning
- Investment Planning and Management
- Domestic and International Finance
An online M.Com degree syllabus includes:
- Managerial Economics
- Advanced Accounting
- Research Methodology
- Advanced Cost Accounting
- Marketing Management
- Investment Analysis
- Portfolio Management
- Services Marketing
- Organizational Behavior
- Retail and Distribution Management
Universities That Offer Online MBA and M.Com Degrees
Thanks to advancements in online learning, many reputable universities now offer online MBA and M.Com degrees to B.Com graduates. Here is a list of universities with online M.Com and online MBA courses in India:
- KIIT University - MBA, M.Com
- Chandigarh University - MBA
- Manav Rachna Centre for Distance and Online Education - MBA, M.Com
- Bharathidasan University - MBA
- DY Patil University Online - MBA
- Vivekananda Global University - MBA
- Kurukshetra University - M.Com
- Bharath University - M.Com
Online MCom and Online MBA Fees
While M.Com online fees range between 40,000 INR to 1,20,000 INR, an MBA course may cost you anywhere between 58,000 INR to 2,00,000 INR. When it comes to course fees, online M.Com courses are more affordable than online MBA courses in India.
Which Is Better: Online MBA or Online MCom?
It is important to analyze your academic and personal goals before deciding which course to pursue. Ask yourself the following questions:
- Does my passion lie in finance, or do I want to expand my horizons and explore more options?
- Do you want to run your own business?
- Will the jobs I get after this degree support my lifestyle?
As rightly said by Nadia Boulanger, “The essential conditions of everything you do must be choice, love, passion.” In other words, where your passion lies should be a key determinant of whatever you do in life.
If you have a keen interest in finance and picture yourself working in the finance sector, you should go for M.Com online classes. Conversely, if you like taking risks and have an entrepreneurial streak, an online MBA might be a better fit for you.
Summing Up
MBA and M.Com are the most popular choices for higher studies among B.Com graduates. An M.Com online course offers the perfect mix of accessibility and specialized knowledge to graduates with a passion for finance. On the other hand, graduates looking to open their career choices would find an online MBA to be a better fit for their future plans.
Head over to upGrad Disha if you want to explore your options in online MBA and online M.Com courses further. Reach out to the counseling experts to resolve your dilemmas today!