M.Com Vs MBA: Which Degree is Better for Career Opportunities

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.

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.

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).

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

MCom Average Salary

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.