MCom vs. MBA: Which is better?

After completing the BCom degree, students two most common choices are enrolling in an MBA or MCom program. You will be glad to know that both degrees have their advantages. Rather than choosing one course, you must know the benefits of postgraduate education and choose a program accordingly.

The MBA and MCom are leading courses that can lead to promising careers. These commerce graduate courses are worth considering if you want to continue your education after a BCom degree. This blog will compare both methods and help you decide the best approach.

MCom vs. MBA Which is better

MBA vs MCom – Overview

MCom and MBA are recognized as the most prestigious postgraduate programs in India and abroad. Whether you want to explore your career in finance or start with entrepreneurship, you need to choose between an MCom or MBA based on your interests and skill sets.

What is an MBA?

MBA is a two-year master's degree program. After completing the course, the candidates are eligible to work in a managerial position in almost all sectors. MBA is one of the most popular postgraduate courses in our country. The most important reason students opt for an MBA is to learn all the aspects of running a business.

What is MCom?

MCom is a two-year post-graduate program ideal for candidates who wish to build their careers in the banking and financial sectors. This course delves deeper into the functioning of the economy, capital, trade, tax, etc. These commerce graduate courses are highly versatile in nature. Moreover, MCom future scope is highly competitive.

Let's have a look at the difference between MCom and MBA:

 

Criteria

MCom

MBA

Full form

Masters of Commerce

Masters of Business Administration

Duration

2Years

2Years

Eligibility criteria

BCom Graduate with a minimum 45% aggregate.

Graduation (Any stream) with a minimum 45% aggregate.

Average Fee

INR 1 LPA

INR 5 LPA

Average Salary

INR 4LPA

INR 6LPA

Job Roles

Operation Manager, Finance Manager, Accounting Manager, etc.

Marketing Manager, Operations Manager, Financial Analyst, etc.

 

Top Reasons To Pursue An Mcom Degree

The Master of Commerce degree program prepares students for dynamic business-sector careers. Those who want to work in business will do well to focus their academic pursuits on commerce. An increasing variety of jobs await those with an MCom degree. Opportunities abound in the following fields for those with an MCom degree:

MCom future scope

The Master of Commerce degree program prepares students for dynamic business-sector careers. Those who want to work in business will do well to focus their academic pursuits on commerce. An increasing variety of jobs await those with an MCom degree. Opportunities abound in the following fields for those with an MCom degree:

  1. Educational Institutions
  2. Customs Department
  3. Economic Consulting Firms
  4. Commercial Banking
  5. International Banking
  6. Investment Banking
  7. Accounting and auditing
  8. Tax advisory services
  9. Financial services
  10. Insurance services
  11. Government services
  12. E-commerce sector

Better career advancement

Attributes valued in managers and directors include persistence, tenacity, intellectual strength, and the ability to cope with challenging circumstances; an MCom degree exhibits all these. Workers who have proven themselves reliable over time in a position demanding perseverance, discipline, leadership, and the capacity to work well with others will be considered for promotions.

Higher salary

A wide variety of job profiles and industries are available to those with a degree in business because of the high incomes many graduates earn. Those who have worked for a company for a few years may be considered for a high-paying job. The graduate's salary depends on the firm they work for and their specific job title.

Top reasons to pursue an MBA degree

Wide range of specializations

Human resources, marketing, operations, business analytics, and many more concentrations are available to MBA students. With a BCom and an MBA, you may tailor your specialization to fit your interests, strengths, and prospects. Earning a Master of Business Administration (MBA) is a great way to get a leg up on the competition and gain valuable managerial experience before entering the workforce.

Developing a holistic personality and managerial perspective

Acquiring a Master's in Business Administration is a great way to build and improve your management abilities. Managerially excellent professionals are in great demand in today's economy. Managers can show they are not only qualified to do their jobs but can also lead effectively. Of course, it helps to have expertise in the relevant field, but what's required today is the ability to lead a team and a project to success.

Guaranteed growth with a practical learning approach

Employers no longer care just about academic credentials. Now more than ever, businesses need specialists in a particular field with practical experience. After earning your BCom or BBA, continuing to get an MBA will allow you to hone your theoretical knowledge of business and management and apply it in the real world. The basis of an MBA education is practical experience. You may learn more about the business world via internships, real-world projects, site visits, and case studies.

Career options: MCom Vs MBA

Consider your alternatives for employment after completing an MCom and an MBA. Both degrees open up a wide variety of promising professions.

Career options after MCom

  1. Chartered Accountant (CA)
  2. Certified Public Accountant (CPA)
  3. Financial Analyst
  4. Auditor
  5. Tax Consultant
  6. Investment Banker
  7. Management Accountant (CMA)
  8. Business Consultant
  9. Risk Analyst
  10. Data Analyst
  11. Actuary
  12. Market Research Analyst
  13. Treasury Analyst
  14. Financial Planner
  15. Corporate Finance Manager
  16. Financial Controller
  17. Cost Accountant
  18. Forensic Accountant
  19. Credit Analyst
  20. E-commerce Manager
  21. International Business Manager
  22. Supply Chain Manager
  23. Human Resources Manager
  24. Marketing Manager
  25. Entrepreneur
  26. Government Jobs (e.g., in finance and economics departments)
  27. Teaching or Academia
  28. NGO and Nonprofit Sector
  29. Real Estate Analyst
  30. Business Development Manager

Career options after the MBA

  1. Management Consultant
  2. Financial Analyst
  3. Marketing Manager
  4. Human Resources Manager
  5. Investment Banker
  6. Entrepreneur
  7. Supply Chain Manager
  8. Data Analyst
  9. Healthcare Administrator
  10. Project Manager
  11. Product Manager
  12. Operations Manager
  13. Business Development Manager
  14. Risk Manager
  15. Management Professor
  16. Corporate Strategist
  17. IT Manager
  18. Sales Manager
  19. Real Estate Manager
  20. Nonprofit Administrator

MBA vs MCom - Eligibility Criteria

It is essential to understand the difference between an MBA and an MCom. Both of these courses have different eligibility criteria to enroll in the class. Let’s have a look:

The following are the full-time MBA eligibility requirements:

  1. The candidate must be a graduate of a recognized university.
  2. The candidate must have a minimum of 50% marks at graduation.
  3. Candidates with any bachelor’s degree are eligible to apply for an MBA program.
  4. The following are the eligibility criteria to take admission in the MCom program:
  5. The essential criteria to enroll in the MCom degree is that the candidate must have passed any commerce graduate courses.
  6. Many colleges accept candidates with any graduate degree with honors in economics or business/management studies.
  7. The majority of colleges demand a minimum of 45-50% marks in graduation as a qualifying criterion to secure admissions to MCom courses.

MBA vs MCom – Subjects

The curriculum generally varies according to the specialty. To compare both courses, check out their curriculum:

MBA Subjects:

  1. Marketing
  2. Finance
  3. Operations
  4. Economic Statistics
  5. Accounting
  6. Organizational Behavior
  7. Entrepreneurship
  8. Business Ethics

MCom Subjects:

  1. Financial Management & Policy
  2. Organisation Theory & Behaviour
  3. Economic Analysis
  4. Statistical Analysis
  5. Human Resource Management
  6. International Business
  7. Strategic Management
  8. Marketing Management
  9. Quantitative Techniques for Business Decisions
  10. Business Environment
  11. Accounting Theory & Practice
  12. Managerial Accounting

Mcom Admissions

Conclusion

The choice between pursuing an MCom or an MBA depends on the individual career goals. MCom specializes in commerce and finance, while MBA provides broader business education on management and leadership. You need to decide between them depending on your career aspirations. MCom is ideal for those seeking specialized roles in finance and accounting, whereas MBA is a perfect choice for those looking for a more versatile option. Both degrees have their merits. So, if you’re looking forward to admission to an MBA or MCom, you can choose CGC Jhanjeri. CGC Jhanjeri is one of the finest colleges located in the Mohali region. So, what are you waiting for? Apply now!