MBA vs MCom: Scope of Master Degrees In India

MBA vs MCom: Both MBA and M.Com are relevant degrees with importance in their respective areas. Therefore, for students to select the right course here is a brief comparison. 

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MBA vs MCom

Scope: MBA vs MCom

MBA is a business degree and it provides a good professional start. This course covers a broad section including commerce; finance; accounts; Economics; Information Technology; marketing; HRM; Banking; finance; Investing; system management; Entrepreneurship. Students from any field can apply for this course.

MCom is a specialised course. Graduated students can apply for jobs in the private and government sector. However usually plump for academic or research-based roles in teaching institutes. Economics and banking; accounting; finance are major sectors here. Students from commerce are suited for these courses.

Career Change: MBA vs MCom

MBA degree provides the freedom to modify functional areas for jobs. Students from science can pursue finance or Art graduates can choose marketing.  

MCom mainly does not offer flexibility in career direction. It has limited options in the finance; accounting and Banking sectors. Students pursue a B.Ed or appear for the UGC-NET Exams for lectureship.

Technical Aspects: MBA vs MCom

MBA focuses more on practical. It gives the opportunity to acquire skills and real-world operation soft skills like group conversation, work ethic, and interpersonal skills, time management can be developed.

MCom is a theory-based course. It can cover soft skills either but relatively has less emphasis on these aspects.

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Course Addition: MBA vs MCom

MBA is a freestanding degree. After MBA usually, there is no need for students to go for another degree. However, graduates can go for certificates and diplomas to touch up their skills continuously. CFA, CMT; AND FRM are some ads for students to upgrade their profile.

On the other hand, for MCom, candidates who want a career in the academic field can go for PhD and UGC-NET to have a professional profile. For some students who are pursuing CFA or CA, would be a great asset to have a post-graduation degree like MCom.

Structure: MBA vs MCom

MBA is sliced up into 4 semesters 

MCom usually follows a yearly pattern. 

Duration: MBA vs MCom 

MBA is an allied course however part-time and distance MBA programs are accessible easily. Fresher are advised for full-time allegiance to the course

MCom is accessible as a full-time and part-time course.

MCom is accessible as a part-time; full-time course or distanced one.

Expense: MBA vs MCom

MBA is more expensive than MCom because it is a professional degree. It has great Return on Investment and career growth chances. 

MCom is a low cost relatively MBA. Here Return on Investment is also lesser in terms of salary increment and career growth.

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Conclusion

MCom is a virtuous course for candidates who want to take up teaching after this graduate. However, every year thousands of students clear the UGC NET exam in commerce and barely a fraction of vacancies are there.

MBA is suited for corporate roles. Anyone considering an MBA should conduct attentively research into how an MBA degree is perceived in their particular industry. Students are advised to consider the right path that fulfils their necessities and matches their aptitude and strength. Make sure to pursue the career you have an interest in.