MCom Vs MBA: Which is Better for Career Opportunities?
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MCom Vs MBA: Which is Better for Career Opportunities?

#MBA
Moksh DheriUpdated on 12 Dec 2024, 02:25 PM IST

The major difficulty commerce students face after completing their undergraduate degree is whether to opt for an MCom (Master of Commerce) or an MBA (Master of Business Administration). Both of these degrees are excellent choices for management aspirants, however, some differences set them apart.

This Story also Contains

  1. What is an MBA degree?
  2. What is an M.Com degree?
  3. M.Com vs MBA
  4. MCom vs MBA- Which is Better?
  5. MCom and MBA Career Opportunities and Average Salary
MCom Vs MBA: Which is Better for Career Opportunities?
M.Com Vs MBA

MBA and M.Com are both postgraduate degrees in the field of management, however, the difference lies in the course curriculum and approach of the two courses. While they may seem similar, MBA programmes focus more on the practical aspects and experiential knowledge of the concepts. M.Com is more on the theoretical side. Management degree aspirants can choose from both of these degrees, however, the scope and career aspects may be different.

MBA and M.Com are amongst the most popular postgraduate degrees pursued by management aspirants. In this article, we will learn about both of these degrees in detail, their similarities and differences, benefits, scope, career opportunities, and fee details.

What is an MBA degree?

Master of Business Administration or MBA is a popular professional degree in the field of management. It is generally of two-year duration, spread across six semesters. It has long been recognised as one of the highest-paying degrees in the world. It provides students with advanced knowledge of business and managerial concepts, along with good practical knowledge. After graduation, students can apply for many medium to senior-level job roles and earn good salary packages.

What is an M.Com degree?

Master of Commerce, popularly known as MCom is another promising management degree. The course duration is also similar to an MBA, which is two years. The course curriculum provides in-depth knowledge of subjects such as commerce, finance, management, and economics. Unlike an MBA, an M.Com degree is generally focused more towards a theoretical understanding of the concepts.

M.Com vs MBA

After their under graduation, many students are confused about whether to choose an MCom or an MBA degree. The difference lies in their approach to education. While an MBA focuses on providing broader business knowledge and skills, an M.Com specialises in a specific field of management, which is commerce. In the table below, we have provided a comparison of both degrees.

Particulars

MCom

MBA

Full Form

Master of Commerce

Master of Business Administration

Degree Level

Postgraduate

Postgraduate

Eligibility Criteria

Bachelor’s degree from a recognised institute in India

Bachelor’s degree from a recognised institute in India

Admission Process

Entrance exam+GDPI

Entrance exam+GDPI

Fees (for the entire duration)

Rs. 35,000 to Rs. 50,000

Rs. 50,000 to Rs. 25 Lakhs

Job Profiles

Chartered Accountant, Company Secretary, Accountant, Business Analyst, Investment Banker

Finance Manager, Marketing Manager, HR Manager, Business Analyst, Sales Manager

Top Recruiters

Deloitte, KPMG, Accenture, HDFC Bank, ICICI Bank, Bain and Company

Google, Citibank, ITC, Larsen and Toubro, Amazon, Wipro, TCS

As per the table above, it is clear that an MBA is an expensive degree as compared to an M.Com. However, the return on investment is also on the higher side. The admission process and eligibility criteria for both degrees are very similar.

MCom vs MBA- Which is Better?

It is very difficult to decide which of these two degrees is better. Both of these degrees provide a promising and high-paying career. However, there are some major points to consider before pursuing each of these degrees. Listed below are some of the key aspects of these degrees.

  • MBA is a professional degree that prepares graduates for a variety of job profiles and allows them to earn decent salaries.
  • M.Com programmes are more affordable as compared to an MBA degree. Therefore, students having financial constraints can apply for an M.Com degree.
  • While an MBA is an expensive degree, it also provides a chance to earn good salary packages, good networking opportunities, professional experience and job-suitable skills.
  • M.Com is more focused towards theoretical aspects related to the field of commerce. Therefore, students will have an in-depth understanding of a particular field.
  • An MBA generally provides knowledge of broader business concepts, therefore students can choose their preferred area of specialisation depending on their future goals and aspirations (Finance, Marketing, or Human Resource Management).
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MCom and MBA Career Opportunities and Average Salary

In the table below we have discussed the average salary of some of the popular career opportunities after MCom and MBA. Students should decide on the job role as per their preferences and future aspirations.

MBA Average Salary

Job Profiles

Average Salary

Business Analyst

Rs. 9.8 LPA

Marketing Manager

Rs. 12.7 LPA

Human Resource Manager

Rs. 4.4 LPA

Finance Manager

Rs. 17 LPA

MCom Average Salary

Job ProfileAverage Salary

Chartered Accountant

Rs. 10.7 LPA

Company Secretary

Rs. 9.3 LPA

Accountant

Rs. 3.21 LPA

Conclusion

To conclude, it is very difficult to judge which degree is better, it depends on the individual preferences, and their future goals and preferences. Candidates are advised to check all the course details before applying for admission. Both MBA and MCom are promising choices, however, both have their own pros and cons.

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Questions related to MBA

On Question asked by student community

Have a question related to MBA ?

Hello,

Both Bengal Institute of Business Studies (BIBS) and United World School of Business (UWSB) have strong placement records in Kolkata. with specific data suggesting BIBS has a slightly higher potential higher salary package. While the UWSB provides a higher placement rate.

I hope it will clear your query!!

Hello

With an NMAT score of 205, you have decent chances in good mid-tier MBA colleges.
You may get calls from NMIMS Hyderabad or Indore, but the Mumbai core is usually slightly higher.
Colleges like SDA Bocconi Asia Centre, BML Munjal, and IBS Hyderabad are realistic options.
Some reputed private B-schools may also consider you if sectional cutoffs are clear. Overall, 205 is a fair score that can lead to a solid MBA college with good planning.

You can refer to the link I am attaching for more details: CLICK HERE

CAT does not restrict eligibility based on stream. Candidates from commerce, arts, science, engineering or any other background can appear for CAT and apply to MBA programmes offered by IIMs and other top B-schools.

The basic eligibility criteria for CAT are:
You must hold a bachelor’s degree in any discipline from a recognised university with at least 50 percent marks (45 percent for SC, ST and PwD categories). Final-year graduation students are also eligible to apply.

Being a commerce graduate can actually be an advantage in areas such as accounting, finance, economics and business studies, especially during MBA coursework in finance, marketing and operations.

After qualifying CAT, admission depends on multiple factors including CAT percentile, academic background, work experience (if any), performance in GD, WAT and personal interview rounds. Many IIMs and B-schools follow a diverse academic background policy, which means non-engineering candidates, including commerce graduates, often receive additional weightage.

Apart from IIMs, several reputed institutes such as FMS Delhi, SPJIMR Mumbai, MDI Gurgaon, IMT Ghaziabad, and many state and private universities also accept CAT scores for MBA admissions.

So, as a commerce graduate, you are fully eligible to appear for CAT and pursue an MBA, provided you meet the minimum academic requirements and perform well in the selection process.

If you want, I can also help you with realistic CAT percentile targets based on your academic profile or suggest suitable MBA colleges.


Hello aspirant,

First-year MBA fees in India vary greatly, ranging from less than rupees one lakh for government/distance programs to rupees ten to twenty-five lakhs or more for elite private B-schools (such as ISB, IIMs, and XLRI). The majority of elite private institutions charge between rupees eight and twenty-five lakh for the entire two-year program, indicating that first-year expenses are substantial.

For more information, you can visit our site through following link:

https://bschool.careers360.com/articles/mba-fee-know-how-much-your-mba-will-cost-in-top-b-schools

Thank you

Hello,

Transferring mid-stream from an online MBA to an offline MBA is generally very difficult and rare, requiring a fresh application and usually withdrawal from your current program. You can apply for a new offline MBA after completing your online MBA or even while pursuing it (with caution), provided your current university is recognized.

I hope it will clear your query!!