MCom Vs MBA: Which 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.
- What is an MBA degree?
- What is an M.Com degree?
- M.Com vs MBA
- MCom vs MBA- Which is Better?
- MCom and MBA Career Opportunities and Average Salary
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).
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 Profile | Average 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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List of MBA colleges
Questions related to MBA
Hi,
Yes, Madras Christian College (MCC) in Chennai, India offers an MBA program. Master of Business Administration (MBA) is a 2 years duration course offered at the PG level. To be eligible for MBA course, students must have have passed graduation with minimum 50% marks from any recognized university.
Total Tution fees at Madras Christian college is 1.17 Lakh for Master of Business Administration course for 2 years. It offers full time MBA course for2 year duration.
Hope this information will help you
Hi,
Based on the previous year analysis, According to your CAT 2024 percentile some of the best colleges offering MBA and PGDM course in Telangana in which you have chances to get a seat are the following
- GITAM School of Business, Hyderabad
- Institute of Management Technology, Hyderabad
- School of Business Excellence, Hyderabad
- IIRM Hyderabad
- Dhruva college of Management, Hyderabad
For more information about the colleges in which you have chances to get a seat you can predict using MBA college predictor tool provided below
https://bschool.careers360.com/cat-college-predictor
Hope this information will help you
A typical Polytechnic student, holding only a diploma, is generally not eligible to directly pursue an MBA as most programs require a bachelor's degree as a minimum qualification; however, you can often gain entry by first completing a bachelor's degree through a lateral entry program or by opting for an Executive MBA program designed for working professionals with relevant experience of 8 years.
To be eligible for a standard MBA program, most universities require a bachelor's degree from a recognized institution, which a Polytechnic diploma alone does not fulfill the requirement.
You can take admission in EMBA An EMBA program focuses on teaching students how to become more effective managers. The curriculum includes administrative operations and strategic planning. EMBA programs can be offered online, offline, or in a hybrid format but for this you typically need a bachelor's degree from a recognized university with a minimum of 50% aggregate marks, and a significant amount of relevant work experience, usually ranging from 3 to 8 years in a managerial or executive position, depending on the institution; most programs also require taking an entrance exam like GMAT or CAT.
Some MBA colleges also offer direct admission without an entrance exam. To be eligible for direct admission, you must have passed graduation with the required minimum aggregate. You may also need to submit documents such as your class 10, 12, and graduation marksheets, character certificate, migration certificate, transfer certificate, and passport-size photographs. Some colleges are..
1.ISB PGPpro
2.ISB PGPMAX
3.IIMA GMP
4.IIMA SMP
5.IIMC GMP
6.UCLA PGPpro
7.SDA Bocconi IEMB
8.IIM Indore PGPMX
9.IIM Kozhikode EPGP
10.HBS - SELPI
Hello,
Here is a list of the top private business schools in India offering MBA programs , based on various rankings and assessments:
-
Indian School of Business (ISB), Hyderabad
- Renowned for its one-year Post Graduate Program in Management (PGP).
- Emphasizes leadership and entrepreneurship.
- Average placement package: Approximately Rs. 25.71 lakh per annum.
-
XLRI – Xavier School of Management, Jamshedpur
- Known for its Human Resource Management program.
- Average placement package: Around Rs. 24.30 lakh per annum.
-
Management Development Institute (MDI), Gurgaon
- Offers a range of management programs with strong industry connections.
- Average placement package: Approximately Rs. 22.05 lakh per annum.
-
S.P. Jain Institute of Management and Research (SPJIMR), Mumbai
- Focuses on value-based education and innovative pedagogy.
- Average placement package: Around Rs. 26.36 lakh per annum.
-
Symbiosis Institute of Business Management (SIBM), Pune
- Known for its diverse specializations and strong alumni network.
- Average placement package: Approximately Rs. 20.14 lakh per annum.
-
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
- Offers a wide array of management programs with a focus on research and innovation.
- Average placement package: Around Rs. 18.33 lakh per annum.
-
International Management Institute (IMI), New Delhi
- Emphasizes a global perspective in its curriculum.
- Average placement package: Approximately Rs. 13.00 lakh per annum.
-
Institute of Management Technology (IMT), Ghaziabad
- Known for its marketing and finance programs.
- Average placement package: Around Rs. 13.60 lakh per annum.
-
Great Lakes Institute of Management, Chennai
- Offers a one-year PGPM and two-year PGDM with a focus on analytics and digital economy.
- Average placement package: Approximately Rs. 10.40 lakh per annum.
-
Xavier Institute of Management (XIMB), Bhubaneswar
- Known for its rigorous academic environment and strong industry linkages.
- Average placement package: Around Rs. 15.42 lakh per annum.
Hope it helps !
CAT exam is conducted every year for purpose of admission to various prestigious business school and management institutes in India. The exam is also considered among toughest entrance exams in India. The exam rats the logical skills of the candidates. You can get the college list based on your CAT score by simply visiting CAT College Predictor 2024