The online Master of Commerce programme offers a comprehensive exploration of advanced business concepts, equipping students with a thorough understanding of commerce, finance, and management. This programme also focuses on honing critical thinking, analytical, and decision-making skills which prepares graduates for leadership roles in diverse sectors.
Amidst the changing economic atmosphere and business environment, commerce has become a lucrative field with a dire need for competent professionals to adopt the new trends in the market. Therefore, pursuing online Master of Commerce (M.Com) programme at this juncture will benefit you in many ways:
The candidates who wish to pursue online M.Com programme, should thoroughly check the eligibility criteria for every college/university. The general eligibility criteria for this programme is:
A candidate who has completed 10+2 followed by 3-year bachelor's degree programme is eligible to apply.
He/she must have passed his last education with a minimum of 50% marks. The minimum marks criteria may vary for reserved category candidates.
Although it is not mandatory for a candidate to have bachelor's degree in the same field but, he/she should have the basic knowledge of the field and its related concepts.
The admission is done on rolling basis with a fixed deadline for the submission of the application. The admission calender and strcuture is different for each university. Nonetheless, below mentioned is a general overview of the admissions process followed largely:
Fill out the application form with accurate information.
Attach all the essential documents with your recent photograph.
Pay the application fee and the course fee.
To shortlist the candidates, the college will verify your documents.
A final confirmation will be sent to accepted candidates.
The fee structure for M.Com programmes varies significantly across universities. In general, the cost can range between ₹ 6,000 to ₹ 1,50,000. Many universities offer scholarships to deserving students based on merit, financial need, or social background. Apart from this, some institutions do have EMI facility for the students.
Accounting and Finance | Marketing |
International Finance/Accounting | Financial Management |
Fintech | Banking and Insurance |
Economics | Professional Accounting and Finance |
Choosing the right specialisation for your online Master of Commerce (M.Com) degree is crucial for your future career success and personal satisfaction. Here are some reasons why it matters:
The syllabus of the online M.Com programme ranges from basic to advanced levels as you progress through the program. The subjects differ in every university and vary according to specialization. Below is a general course plan followed by most institutions:
Semester - 1 | Semester - 2 |
---|---|
Managerial Economics | Advanced Financial Management |
Quantitative Techniques | Research Methods and Statistics |
Professional Business Communication | Microfinance Management |
Research Methodology | Marketing Management |
Business Environment & Regulatory Framework | Advance Corporate Accounting |
Marketing Management | International Financial Reporting Standards |
Financial Reporting & 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 Marketing |
Security Analysis and Portfolio Management | CSR |
Specialisation Electives | Specialisation Electives |
Online M.Com paves your way for several job opportunities across various sectors of banking and financial services. Since finance and accounting professionals are required in every company, you have multiple job roles to apply for. Here are a few avenues you can explore:
Job Roles | Job Description |
---|---|
Cost Accountant | A professional who is involved in calculating the cost associated with a particular service or any activity associated with it. They have to evaluate the overall profit and loss statement while preparing a budget. |
Operations Research Analyst | Gathers financial data on a business's main operations, evaluates it to identify and address operational costs, and develops and implements solutions to improve efficiency, productivity, and cost-effectiveness. |
Risk Manager | Identifies, analyzes, and mitigates risks that threaten the organization's financial health, develops and implements risk management strategies to minimize impact and protect assets and reputation. |
Corporate Controller | Manages the organization's accounting and financial operations, prepares financial statements, manages budgets and forecasts, and ensures compliance with all applicable financial regulations. |
Investment Banker | Helps individuals, organizations, government or other business entities to increase their capital by providing investment strategies and plans. They act as a bridge between the two parties. |
Corporate Secretary | A skilled professional who has to monitor every aspect of the company's actions with respect to government rules and regulations. His day-to-day duties include filing tax returns, keeping records, and advising the higher management on the financial decisions of the company. |
Internal Auditor | In this job role, the candidate has to oversee the internal affairs of the company. They have to evaluate sales, manufacturing, budget, growth, performance of the employee and other things. |
Job Roles | Average Annual Salary |
---|---|
Cost Accountant | ₹ 7.2 LPA |
Operations Research Analyst | ₹ 6 LPA |
Risk Manager | ₹ 10.8 LPA |
Corporate Controller | ₹ 22.5 LPA |
Investment Banker | ₹ 12.2 LPA |
Corporate Secretary | ₹ 8.2 LPA |
Internal Auditor | ₹ 4.7 LPA |
An online M.Com is a postgraduate-level program suitable for students who wish to make a career in financial services, banking, accounting, and the insurance sector. The program offers flexibility and accessibility, making it ideal for working professionals or students with other commitments.
Yes, many universities in India offer online M.Com programs. These programs are accredited and recognized by the University Grants Commission (UGC) and the Association of Indian Universities (AIU), making them valid for employment and further education.
Correspondence mode is generally referred to as the distance mode of education, and institutions like Delhi University, Banaras Hindu University (BHU), Amity University, and Manipal Academy of Higher Education, among many other colleges, offer this course in distance mode.
Yes, online M.Com degrees are valid in India as long as the program is accredited by the UGC-DEB and AIU. The validity of the degree is not affected by the mode of delivery (online or on-campus).
This is entirely based on your area of interest, skillset, potential, and choice. Finance & Banking, Taxation, International Finance, Investment Banking are some of the popular choices among M.Com students.
The cost of an online M.Com program differs in every college, but generally, the total course fee is between ₹6,000 to ₹1,50,000.
Some of the most recognized institutions are Manipal University, Jain University, LPU, Chandigarh University, and Amity University.
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