YugEdu
Call Us
+91 931 099 1267

Search

Blogs

How an Online MCom Opens Doors in Finance and Commerce
Information

How an Online MCom Opens Doors in Finance and Commerce

  • Nov 21, 2024
  • 117 Views

Are you a graduate or a fresher looking for higher education options to make an advanced career in finance and commerce? Online MCom Program is the right option for you to pick if you like to hone the core values of accounting, finance, tax, analysis, and economy. Candidates with MCom degrees have various lucrative job options to choose from after acquiring in-depth knowledge and skills after learning the curriculum of MCom. 

Read the full blog to learn how an online MCom program opens doors in finance and commerce. You will also learn the career scope of the MCom program, its eligibility criteria, curriculum, specializations, UGC-accredited universities, and more. 

Course Overview: Online MCom Program 

Attributes

Features

Course

Online Master of Commerce (Online MCom)

Course Level

Postgraduate level

Duration

2 years (4 Semesters)

Recognitions and Approvals

AICTE, UGC, DEB, NIRF, NAAC (A+ A++)

Eligibility Criteria

UG degree or BCom candidates from a UGC-approved university with a minimum mark of 45-50% in any discipline. 

4-5 years minimum full-time work experience by the Professionals

Entrance Exams

CPGET, KIITEE, MAH CET, URAT PG, AP PGCET, PUCET, DUET, 

Learning Mode

Online 

Average Tuition Fee

INR 1,00,000* to INR 5,00,000*

Specializations

 

Finance and Accounting

Finance Markets

International Finance

FinTech

Career opportunities

Assistant Accountant

Business Consultant

Finance Analyst

Accountant

Executive Assistant

Corporate Analyst

Stock Broker

HRD Executive

Finance Manager

Operation Manager

Public Relations Manager

Corporate Banker

Auditor

Investment Banker

Agent

Business Analyst

Top Recruiters

TCS

Dell

Reliance Group

Wipro

Goldman Sachs

Bain and Company

HDFC

TCS

KPMG

City Bank

McKinsey and Company

BCG

Average Salary

INR 5,00,000* to INR 13,00,000*

Eligibility Criteria for Online MCom Program

  • UG candidates/ 10+2+3 pass out in similar or any discipline.
  • Individuals applying for an MCom must have a valid UGC bachelor's degree from any recognized university.
  • UG certificate with 40% - 50% minimum marks with credibility.
  • Foundational knowledge of Commerce or relevant knowledge
  • Working Professional with a minimum of 4 to 5 years of experience full time
  • International students applying for the master's online program must have cleared any of these entrance examinations including TOEFL, IELTS, SAT, etc to prove their proficiency in the English language.

Benefits of Online MCom Program for Finance and Commerce

The Online MCom Program is ideal for building a career in finance and commerce if you want to do so through the enhanced skills gained in this online course. Here are some of the key benefits that you’ll gain through the Online MCom program:

In-depth knowledge of Financial Systems 

The master's online program covers a curriculum that builds in-depth knowledge of financial systems. These advanced skills and techniques open doors to national and international career opportunities around the world. The core values taught in the topics of advanced accounting and finance, corporate finance, investment analysis, and international financial management develop strong skills required to foster financial, banking, accounting, and tax services. This develops a strong foundation in the commerce and finance sectors.

Proficiency in Taxation and Tax Management

The advanced learning in the master of commerce builds strong knowledge in taxation and tax management. Having tax knowledge and skills to manage taxes can encourage you to make an advanced career in finances, banking, and tax management domain. Proficiency in taxation and tax management can open up doors to various lucrative job opportunities around the globe. The MCom Program is curated to prepare professionals with proficiency in finance and commerce in direct and indirect taxation, corporate and individual tax planning, and legal aspects of finance and business. 

Understanding Economy

Through the BCom Online Program with various industry specializations, the candidates gain an depth understanding of the economy of the globe. The macroeconomic and microeconomics subjects contribute to a deep knowledge of the country’s economic framework working on micro and macro stages. This knowledge can help you make a career in the economic, tax, and financial sectors after completing the master of commerce program. The candidates are equipped with a broad aspect of how the economy works in several places. They can make a career in the profiles of an economist, financial analyst, lecturer, credit analyst, statistician, and more.

Managerial and Analytical Skills

Online MCom program develops the managerial and analytical skills of their candidates with a thoughtfully designed curriculum keeping the core values of finance, commerce, and analysis enacted. Within the two years of the master's program, the students learn the advanced tactics of strategic planning, interpreting data, optimizing financial operations in business, and developing long-term financial growth strategies of the particular organization after understanding its cash flow. 

Networking and Collaboration

The Master of Commerce degree acquired through online programs has the key benefits of networking and collaboration with mentors, professionals, peers, and industry experts from around the globe. The connections you build abroad help you learn something new from your community, and exchange ideas and experiences with colleagues. You can gain insights from experienced industry experts and highly qualified professionals through an online MCom program. Collaboration through online courses leads to networking, learning from the tycoons globally, and building partnerships for further business goals.

Practical Applications 

The Online curriculum of MCom program is designed in such a way that ensures practical practices that are applicable in real life. The online program is more about real-world applications techniques and tactics required in the current world, unlike the on-campus MCom course which emphasis more on theoretical learning. The syllabus of the master's program in commerce comprises case studies, hands-on projects, and assignments to develop business skills, commerce, and financial management.  The online master's program requires the candidates to learn on their own and in their available time frame. 

Self Discipline and Time Management

Self-discipline is a crucial skill when it comes to studying online on your own and a master's program requires self-motivation to complete the two years course. To focus on higher education while learning from the comfort of your space self-discipline is required in the Online MCom program. For an aspiring business person having self-discipline can take you far in your career and this master's program in business administration help you acquire such essential skills to win in real life. Time management takes your career to the next level if you learn to manage your time with studies, personal commitments, and professional life. Only discipline and time management skills can get you through this PG course. This time management skill is the key feature of an aspiring entrepreneur and leader.

Admission Process: Online MCom Program

  • Entrance Exam: The candidates should qualify for the entrance exam conducted by the specific University of their choice. 
  • Application Form: Search the online website of the college/university, and press on the MCom course from the Program menu.
  • Pay the Application fee: Go to the Application form click open to fill in every required question with the personal details and submit the fee. 
  • Personal Interview: For further selection step, candidates are asked to appear for a personal interview conducted in the faculty by the institute professional. 
  • Final Selection: At the end comes the financial selection step which involves evaluating academic qualifications, entrance test scores, interview performance, and more. 
  • Admission Offer: Once you get the admission offer, secure your spot in the Online MCom program by accepting the offer and paying the fee.  

Detailed Curriculum of an Online MCom Program

Semester 1

Semester 2

Managerial Economics

Advanced Financial Accounting

Quantitative Techniques

Principles of Marketing

Professional Business Communication

Corporate Accounting

Research Methodology

Macro Economics

Business Environment and Regulatory Framework

Business Statistics for Decision-Making

Marketing Management

Environment and Disaster Management

Financial Reporting and Analysis

Semester 3

Semester 4

Entrepreneurship

Capital Market and Financial Services

Supply Chain and Logistics management

Tax Planning and Procedure

Family Business management

Business Finance

Research Project Report

Digital Finance

Security Analysis and Portfolio Management

Corporate Social Responsibility

Top Online MCom Specializations High in demand

Online MCom in Computer Applications

Online MCom in Marketing

Online MCom in Financial Markets

Online MCom in Financial and Accounting

Online MCom in International Finance

Online MCom in FinTech

Online MCom in Taxation

Online MCom in International Business

Online MCom in Human Resource Management

Online MCom in Economics

Online MCom in Banking and Insurance

Online MCom in Foreign Trade Management 

Online MCom in Accounting and Finance

Online MCom in Statics

Online MCom in E-Commerce

Online MCom in Mathematics

Top UGC-accredited University of Online MCom

Aspiring candidates looking to build careers in Finance and Commerce can opt for the Online MCom programs from these UGC entitled Universities to develop key skills:

University/ College

Fee Structure*

Lovely Professional University Online

INR 84,000

Chandigarh University Online

INR 1,00,000

GLA University Online

INR 86,000

Uttaranchal University Online

INR 82,000

Sikkim Manipal University

INR 98,000

Jain University Online

INR 1,10,000

Manipal University Online

INR 1,58,000

Amity University Online

INR 1,10,000

Manav Rachna Centre of Online and Distance Education 

INR 1,00,000

Career Opportunities

The Online MCom programs open doors for career scope in various job profiles in top MNCs, FMCG, Finance, Banking, Marketing, and more domains:

  • Chartered Accountant
  • Financial Analyst
  • Financial Consultant
  • Business Consultant
  • Finance Analyst
  • Accountant
  • Executive Assistant
  • Corporate Analyst
  • Stock Broker
  • HRD Executive
  • Finance Manager
  • Operation Manager
  • Public Relations Manager
  • Corporate Banker
  • Auditor
  • Investment Banker
  • Agent
  • Business Analyst
  • Investment Banker
  • Tax Consultant
  • Corporate Banker
  • Certified Public Accountant
  • Professor/ Lecturer

Conclusion 

An Online Master's Program in Commerce is essential for building essential skills in excelling in commerce and finance. These skills help entrepreneurs and business tycoons face the real-life challenges of a competitive market which eventually helps them navigate the complexities of the present market. We hope this blog helped you understand the reason why an online MCom is ideal for building scope in Finance and Commerce. Several accredited and recognized universities/ colleges offer UGC entitled Online MCom program that is mentioned in this blog where you can enroll if you are a UG pass-out candidate from any discipline.

Frequently Asked Questions

The ideal career prospects of an Online MCom program for candidates pursuing this course are Financial Consultant, Business Consultant, Finance Analyst, Accountant, Executive Assistant, Corporate Analyst, Stock Broker, HRD Executive, Finance Manager, Operation Manager, Public Relations Manager, Corporate Banker, Auditor, Investment Banker, Agent, Business Analyst, Investment Banker, and Tax Consultant.

.

Several most sought-after specializations available in the Online MCom program are  International Business, Human Resource Management, Foreign Trade Management, Banking and Insurance, Accounting and Finance, Financial and Accounting, Accounting and Finance, Financial Markets, Computer Applications, E-Commerce, International Business, Economics, and more.

.

The core learnings of the Online MCom Program comprise Principles of Marketing, Corporate Accounting, Family Business Management, Tax Planning and Procedure, Business Finance, Corporate Social Responsibility, Business Environment and Regulatory Framework, Advanced Financial Accounting, Environment and Disaster Management, and more.

.
whastapp