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Why an Online M.Com is the Perfect Choice for Commerce Professionals
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Why an Online M.Com is the Perfect Choice for Commerce Professionals

  • Dec 04, 2024
  • 80 Views

Higher education is important for candidates working or looking for career enhancement. The online MCom program provides flexibility and convenience that is enough for any commerce professional to gain advanced skills in accounting, banking, and finance. If you are a working professional and business enthusiast who wishes to enhance your skills and knowledge in logistics, insurance, banking, and business, the online Mcom program is the right fit for you.

This online master's program provides accessibility to online resources and saves extra costs spent on communicating, studying resources, and engaging in interactive projects to enhance their practical and theoretical knowledge in the commerce sphere. Read the full blog to learn about the Online MCom program in detail. In this blog, you’ll learn about why online MCom is the perfect choice for commerce professionals and comprehensive details on its admission process, eligibility criteria, curriculum, specializations, and more.

Course Overview: MCom Online Program

Attributes

Features 

Program

Master of Commerce (Online MCom)

Program Level

Master

Duration

2 years (2 semesters per year)

Entrance Exams

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

Recognitions and Approvals

UGC, AICTE, DEB, NAAC

Eligibility Criteria

Bachelor’s Candidates from Commerce discipline or graduates of any specialization scored a minimum of 50% from a recognized university

Learning Mode

Online

Average Tuition Fee

INR 80,000* - INR 1,00,000*

Career opportunities

Investment Banker

Business Analyst

Assistant Accountant

Business Consultant

Finance Analyst

Accountant

Executive Assistant

Corporate Analyst

Stock Broker

Finance Manager

Operation Manager

Corporate Banker

Top Recruiters

Tata AIG

Capgemini

TCS

Reliance Group

Dell

Goldman Sachs

Standard Bank

Maruti Suzuki

Bain and Company

KPMG

City Bank

Genpact

McKinsey and Company

BCG

Average Salary

INR 3,00,000* - INR 11,00,000*

Eligibility Criteria of the MCom Online Program

The Commerce enthusiasts looking to advance their career after the BCom degree have to fulfill the below-given eligibility criteria to enroll in the Online MCom program, which: 

  • Bachelor’s degree in Commerce or graduate from any specialization
  • Should have scored 45% of the minimum from a recognized university
  • There are no restrictions on age, candidates of any age can apply.
  • A full-time work experience of 3 to 5 years for the working professionals 
  • Must qualify for a valid university-specific or national entrance exam, CPGET, MAH CET, URAT PG, AP PGCET, CUET PG, etc.

Why an Online MCom is the Perfect Choice for Commerce Professionals 

For commerce students looking to upgrade themselves after a BCom degree, an Online MCom program provides flexibility and convenience to acquire higher education while still working. Here are some of the reasons why an Online MCom is the perfect choice for Commerce Professionals: 

  1. Proficiency in specific Specialization: The MCom program offers several specializations aligned with commerce professionals. The candidates are given to choose specific specializations and hone skills to meet the current commerce market needs. The master's candidates gain expertise in taxation, auditing, risk management, financial management, and global trade. Building proficiency in one specific field can help the candidates gain expertise in a specific area and acquire job roles in the same field.  
  2. Flexible Learning for Commerce Professionals: The evolving market and digital world demands you to upgrade yourself over time in whatever sector you are in. Master’s aspirants in Commerce pursuing online courses get the flexibility and convenience to work while managing their personal and professional commitments without having to compromise. This online MCom program is a highly convenient and adaptable course for commerce professionals to learn at their own pace. They gain access to the online lectures, LMS, and recorded video to study at their given time. 
  3. Affordability and Cost Effectiveness: Online MCom program costs less compared to the traditional Master of Commerce program and is economically affordable. This online program besides being pocket-friendly is also affordable in terms of managing time for work and education. The payment plans offer flexibility for the working Professional by giving the option to pay through EMI or semester-wise, and several universities provide higher education aspirants with scholarships and discounts to make education affordable.  
  4. Career Advancement: A Master’s degree can significantly increase the chances of grabbing better job opportunities in commerce sectors. Candidates with advanced degrees upgrade themselves and make themselves available for better employability. Commerce professionals can acquire job roles in the banking, insurance, accounting, stock, and finance sectors for managerial and senior roles. The MCom degree makes the candidates stand out in the competitive market with advanced qualifications and industry-relevant skills.
  5. Networking and Community Building: The professionals of Commerce must have a strong network or community that they can join for future business, ideas to work on, or for a startup company. The Online MCom program offers a wide opportunity to connect and collaborate with its peers, mentors, injury experts, and professors to learn ground and advanced values. The curriculum of the master's program involves engaging in lectures and projects to give feedback and ideas. This grabs people's attention and helps in fostering good relations with your colleagues.
  6. Global Business Perspective: This master's program facilitates a broad perspective in the accounting business, communication, management, tax, and stock market trends applied across the globe. The activities like virtual interaction and participation in live classes, the aspirants gain perspectives from across the globe in their specific industry. They also receive the opportunity to collaborate with mentors, experts, and industry professionals from different countries to grow in specific specializations of technology.
  7. Hands-on learning experience: The online master's course offers hands-on learning experience through interactive virtual labs, internships, assignments, workshops, and capstone projects to ensure practical learning in technology. These practices prepare them to face real-world challenges arising in business, banking, the stock market, and finance. The MCom candidates in their two years of course work can make an advanced career in the commerce field. The hands-on experience or practical learning in virtual classes adds value to students' resumes and helps in grabbing job offers. 
  8. Affordable- Budget Friendly: The traditional Master of Commerce program costs more than the online MCom program, where the online Mcom program saves expenses spent on the commute, relocation, study materials, and projects which are covered through online resources. This online program besides being pocket-friendly is also affordable in terms of managing time for work and education. The payment plans offer flexibility for commerce Professionals by giving them the option to pay through EMI or semester-wise, and several universities provide higher education aspirants with scholarships and discounts to make education affordable. 

Top Online MCom Specialization Programs in Demand

Online MCom in Accounting and Finance

Online MCom in Statics

Online MCom in Taxation

Online MCom in International Business

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 Banking and Insurance

Online MCom in Foreign Trade Management 

Online MCom in E-Commerce

Online MCom in Mathematics

Online MCom in Human Resource Management

Online MCom in Economics

Admission Process of the MCom Online Program

  • Application Form: Search the institution's official website that you want to apply for the MCom program and go to the program menu. 
  • Submit the Application Fee: Open the application form, enter all the relevant details as asked in particular columns, and pay the fee. 
  • Entrance Test: Aspirants must qualify for the entrance test as a part of the admission process. 
  • Personal Interview: Chosen or shortlisted candidates should appear for the interview or counseling for further selection process.  
  • Final Selection: The final round emphasizes verifying the document to re-evaluate the suitability of the candidates.  
  • Admission Offer: Secure your Online MCom seat after accepting the admission offer and paying the fee. 

Top UGC-recognized Universities for Online MCom Programs

Several top UGC-recognized Universities offering Online MCom Programs with credible and valid UGC-entitled master’s degrees are: 

  • Manav Rachna Centre of Online and Distance Education 
  • Manipal University Online
  • Jaipur National University
  • Sharda University Online
  • Sikkim Manipal University
  • Lovely Professional University, LPU Online
  • Chandigarh University Online
  • GLA University Online
  • Annamalai University
  • Uttaranchal University Online
  • Jain University Online
  • Amity University Online
  • IGNOU
  • Amrita Vishwa Vidyapeetham University
  • Aligarh Muslim University

Detailed Online MCom Program Curriculum

Semester 1

Semester 2

Business Environment and Regulatory Framework

Business Statistics for Decision-Making

Quantitative Techniques

Principles of Marketing

Marketing Management

Environment and Disaster Management

Managerial Economics

Advanced Financial Accounting

Professional Business Communication

Corporate Accounting

Research Methodology

Macro Economics

Financial Reporting and Analysis

Semester 3

Semester 4

Research Project Report

Digital Finance

Security Analysis and Portfolio Management

Corporate Social Responsibility

Entrepreneurship

Capital Market and Financial Services

Supply Chain and Logistics management

Tax Planning and Procedure

Family Business management

Business Finance

Top Career Prospects for Online MCom Program 

Candidates after completing their two years of Online MCom Program acquire managerial and expert job roles for the following profiles: 

  1. Chartered Accountant (CA): A fiance professional made through an online MCom program is an expert in handling finance, accounting, and auditing of an organization. 
  2. Lecturer: The lecturer at any top accredited univeristy is responsible for teaching commerce students, teaching the undergraduates of commerce, publishing academic papers, and conducting research. 
  3. Risk Managers: The Risk Managers are responsible for managing risk, analyzing business, and improving the performance of the business. 
  4. Corporate Accountant: The Online MCom program trains the candidates to manage the finances, analyze the budget, and more which builds a Corporate Accountant. They are responsible for handling the financial health of a company. 
  5. Tax Consultant: The Tax Consultant plays a vital role in handling the taxes, providing advice on taxes, and strategizing the finances for tax in an organization. 
  6. Investment Banker: An Investment Banker gets a handsome salary of anything around INR 11 LPA. They are responsible for raising capital, managing corporate assets, and facilitating mergers. 
  7. Supply Chain Manager: The Supply Chain Manager oversees the distribution and production of goods. They make a career in the retail, manufacturing, and logistics firms. 
  8. Actuary: Actuary profile candidates are responsible for assessing the risk involved in finance, insurance, and banking.  They earn anything between INR 5 LPA to INR 7 LPA depending upon the industry, location, and firm.

Conclusion

The Online Master of Commerce program offers a wide range of skills and career prospects to choose from. This master's program is best suited for Commerce professionals who need to manage their personal and professional commitments. Higher education helps the candidate advance their career grab enhanced job roles and get paid for the posts of senior and managerial. We hope this blog helped you understand why an online MCo m is the perfect choice for commerce professionals. 

Frequently Asked Questions

The career prospects available for the Online MCom program candidates are Finance Manager, Operation Manager, Public Relations Manager, Corporate Banker, Auditor, Investment Banker, Agent, Business Analyst, Investment Banker, Tax Consultant, Certified Public Accountant, and more.

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The specializations available for the Online MCom program are Accounting and Finance, FinTech, Computer Applications, Taxation, Foreign Trade Management, Marketing, Banking, International Business, and more.

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The core values taught at the Online MCom program to the candidates that help them acquire managerial and expert job roles are Financial Reporting and Analysis, Corporate Accounting, Business Statistics for Decision-Making, Marketing Management, Digital Finance, Tax Planning and Procedure, and more.

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