For many BCom graduates, choosing the right course for their master’s degree is challenging. Looking at the range of opportunities available, the choice is indeed tough. An MCom can be a choice for some, while others may prefer to follow the MBA route for a rewarding career.
Both options offer different opportunities and you can choose the one to pursue based on your career goals. MBA upgrades your managerial and operational skills, while MCom hones your accounting, banking, and economics skills. Whatever program you choose it should align with your career goals to allow you satisfaction and a sense of fulfillment in your career.
In this post, we will walk you through MCom vs MBA programs to help you make better and more informed decisions while choosing a master’s program.
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What is MBA (Master Of Business Administration)?
MBA stands for Master of Business Administration. It is a postgraduate 2 Year degree that focuses on developing skills in business management, leadership, strategy, finance, marketing, and other key areas of business operations. An MBA is ideal for students or professionals aiming to advance their careers, switch industries, or take on managerial and leadership roles across various sectors.
What is MCom (Master Of Commerce)?
MCom stands for Master of Commerce. It is a postgraduate degree focused on subjects like accounting, finance, economics, taxation, business management, and banking. MCom is ideal for students who want to build a career in finance, commerce, or academia, and it also serves as a foundation for further studies like CA, CMA, or PhD.
MCom vs. MBA
Master of Commerce (MCom) and Master of Business Administration (MBA) are both PG courses that can be pursued after your bachelor’s. Both these courses can be pursued by students with a bachelor’s degree in any discipline. For MCom, students must score 45 to 50 % marks in their UG program, while for MBA an aggregate of 50 % marks is required from a recognized university.
Economics, finance, accounting, international business, foreign trade management, taxation, business law, and other commerce subjects in their advanced learning are part of an MCom curriculum. An MBA program focuses on business and management skills with specializations in management, operations, HR, marketing, finance, etc.
Differences between MCom and MBA
1. MCom vs MBA benefits: MCom enhances expertise in banking, commerce, accounting, economics, etc, whereas an MBA upgrades your managerial and operational skills. MCom is ideal for specialized careers in commerce, research, and academia, whereas MBA pushes candidates for leadership roles, holistic business know-how, and career transitions.
2. MBA vs MCom fees and duration in India: MCom is generally less expensive in terms of cost and duration compared to an MBA degree, which is more expensive. The duration of both MBA and MCom courses is two years if you pursue it on-campus. However, there may be some variation if the program is pursued online or part-time.
3. MCom vs MBA career opportunities: MCom offers specialized roles like accountants, financial analysts, and tax consultants, among others for candidates to pursue. MBA with its broader skillset and leadership opportunities allows candidates to join positions like product manager, marketing manager, business development manager, and more.
Click here to read this blog:- Can You Do an MBA After B.Com?
4. MBA or MCom, which has more scope: Both the MCom and MBA degrees allow graduates to have bright career options. Finance, accounting, taxation, and banking, are some areas that are open for MCom students, while MBA provides opportunities in marketing, finance, management, consulting, and other strategic roles.
5. MCom vs. MBA - Average Salary: An Accountant after MCom earns Rs 1 lakh to Rs 6 lakh per annum. A Financial Analyst earns a salary of Rs 2 lakh to Rs 12.3 lakh per annum, while a Business Consultant, after MCom, earns between Rs 2.2 lakh to Rs 25. 5 lakh per annum. The salary of an MBA graduate in the role of a Management Consultant can range from Rs 6.4 lakh - Rs 42 lakh per annum. A Financial Advisor, on the other hand, earns between Rs 1.2 lakh to Rs 9 lakh per annum, while the salary of a supply chain manager is between Rs 3 lakh to Rs 30 lakh per annum.
M.Com vs MBA: Which Course Should You Choose and Why?
Deciding between an M.Com and an MBA largely depends on your career objectives, personal interests, and long-term professional goals. While both programs provide essential skills and knowledge, they are designed to support different career directions and aspirations.
Key Reason to Choose M.com Degree
Here’s an expanded and rewritten version with more reasons to pursue an M.Com (Master of Commerce)
1. Specialised Knowledge in Commerce
M.Com offers in-depth learning in core areas like accounting, finance, economics, and business law. It allows students to specialize in fields such as taxation, banking, and financial management, providing a strong academic foundation.
2. Career Advancement Opportunities
An M.Com degree enhances your qualifications for roles in accounting, finance, auditing, and banking. It also opens doors to managerial and senior-level positions across multiple industries.
3. Preparation for Professional Certifications
The program complements and supports preparation for top professional exams like CA (Chartered Accountant), CMA (Cost Management Accountant), and CS (Company Secretary), making it a smart choice for students aiming to earn additional credentials.
4. Strong Academic Pathway for PhD or Research
For those interested in academia or research, M.Com provides the necessary knowledge and qualifications to pursue a PhD or teaching roles in universities and colleges.
5. Affordable and Accessible
Compared to professional courses and MBAs, M.Com is relatively more affordable while still offering strong returns in terms of career opportunities.
6. Government and Public Sector Job Readiness
M.Com graduates are eligible for a wide range of government and PSU (Public Sector Undertaking) jobs in areas like finance, taxation, audit, and accounts.
7. Skill Development for Corporate Roles
The course helps develop analytical, statistical, and decision-making skills essential for corporate finance, business development, and strategic planning roles.
8. Flexible Career Options
Whether you aim to work in the private sector, public sector, start your own consultancy, or pursue a professional course alongside, M.Com offers flexibility to shape your career accordingly.
Key Reason to Choose MBA Degree
Sure! Here's an expanded and enhanced version of the reasons to choose and pursue an MBA (Master of Business Administration
1. Broad Business Knowledge
MBA programs offer a comprehensive education across core business areas like finance, marketing, operations, human resources, and strategy. This helps students understand how various departments work together in real-world business environments.
2. Entrepreneurial Skills
An MBA equips you with the tools to build and manage your own business, including business planning, market research, financial forecasting, and risk management.
3. Increased Earning Potential
Graduates often enjoy significantly higher salary packages and rapid career growth compared to those with only a bachelor’s degree.
4. Global Business Perspective
Many MBA programs include global exposure through international study tours, exchange programs, or global case studies, helping students adapt to cross-cultural business practices.
5. Leadership and Managerial Development
The curriculum focuses on nurturing leadership qualities, critical thinking, and strategic decision-making—key for climbing the corporate ladder.
6. Strong Professional Network
MBA programs often offer access to an extensive alumni network, industry experts, and peer connections, which can open doors to new job opportunities, partnerships, and mentorships.
7. Career Switching Opportunities
Whether you're transitioning from one industry to another or shifting from a technical to a managerial role, an MBA provides the foundation to make that move confidently.
8. Access to Better Job Roles
Top companies often recruit MBA graduates for mid-to-senior management positions, including roles such as Business Analyst, Product Manager, Marketing Manager, and Financial Consultant.
9. Specialisation Options
MBA programs allow students to specialise in areas like Marketing, Finance, HR, Operations, IT, Business Analytics, or Digital Marketing, helping tailor your career path to your interests and goals.
10. Remote and Online Learning Flexibility
With the rise of online MBAs, professionals can now pursue their degree without quitting their job, making it easier to balance learning with work.
11. Eligibility for International Jobs
An MBA degree, especially from a reputed institution, increases eligibility for job roles in multinational companies and international markets.
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Conclusion
To conclude, which is better: an MCom or MBA is difficult for your higher studies since both degrees offer wide opportunities for a rewarding career. It completely depends on the aspirations and interests of candidates to choose between the two courses. However, if you consider job opportunities and salary, an MBA degree is likely to pay you a better salary and offer better career opportunities than an MCom.
Whatever program you choose, MCom or MBA after BCom, make sure it aligns with your interests and goals in life and career. Pursuing an online MBA or MCom degree from Amity University Online allows candidates excellent opportunities to gain expertise in their desired fields. It also allows candidates the opportunity to start earning immediately after graduation and manage a balance between work and studies.
