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MCOM CA OR MBA INTERNATIONAL BUISNESS SALARY PACKAGE WISE


Ak 6th Mar, 2021
Answers (3)
v neeraja 2nd Apr, 2021

MCom and MBA are post graduate courses while CA is a professional course.  MCOM and CA are professionally clerical and accounting pathways while MBA is a managerial path.

  1. MBA: Masters in Business Administration (MBA)
    • Eligibility : Anyone with a Bachelor's degree in any field can apply
    • Average Course Fee: In order to pursue MBA from Top B-Schools in India, the fees in Rs.10-12 lakhs on average.
    • Academic Courses: An MBA degree imparts knowledge in various subjects like Finance, Accounting, Economics, Marketing, and Human Resources Development.
    • Skillset: It is a managerial course which enables the student to take up leadership and decision making roles by strengthening their leadership ability, communication, problem-solving ability, strong networking ability etc.
    • It provides wide corporate exposure to the candidate making them industry ready. Due to this the scope of MBA is enhanced.
    • Career Opportunities: An MBA offers career opportunities across various industries and opens up a wide range of options for you. The graduates are hired by companies across industries like FMCG, Retail, Finance, Investments etc. MBA in Finance give roles like Investment banker, Financial analyst, Portfolio Management, Risk Consultant etc. You can also be a Marketing Manager, HR etc.
    • Salary : If you do MBA from a prestigious college like IIMs, you get initial salary of Rs.15LPA on average.
  2. MCom - Masters in Commerce
    • Eligibility : Anyone with a Bachelor's degree in Commerce with Math, Economics and Accounts can pursue
    • Average Course Fee : In order to pursue MCom from Top Colleges in India, the fees in Rs.1 lakh on average.
    • Academic Courses: An MCom degree imparts knowledge in-depth knowledge in Finance related subjects like Accounts, commercial applications, finance etc.
    • Skillset: In Mcom, a candidate would learn all the theoretical concepts related to commerce and the applications. It prepares them for careers in core areas
    • Career Opportunities: MCom graduates mostly get opportunities in roles related to accounting and finance. They are mostly hired in Banking, Financial Services, Insurance, Accounting firms. The roles offered include: Accountant, Financial Analyst, Finance Consultant etc. Mostly these are not managerial roles.
    • Salary: Average starting salary is Rs.4LPA
  3. CA - Chartered Accountant
    • Eligibility : Anyone who has a 10+2 pass can apply for CA. In order to be recognised as a CA, one must pass the CPT, IPCC and CA- Final. This is not a degree but a professionally recognised course offered by ICAI.
    • Average Course Fee: In order to pursue CA in India, the course fees is much lesser. Generally around 70K.
    • Academic Courses: A CA has deep knowledge in accounting and auditing. They also have to complete articleship to be recognised as CA which helps them gain practical exposure.
    • Skillset: A CA has deep knowledge in Auditing, corporate law, accounting and the socio-economic conditions
    • Career Opportunities: CAs mostly get opportunities in roles related to accounting and finance. They can work with government/ PSUs also. They are mostly hired in Auditing Firms, Management Consultancy, Corporate Law or they can start their own practice individually. The roles offered include: Chartered Accountant, Auditor, Finance Manager etc. They have good chance in Big 4
    • Salary: Average starting salary is Rs.6-7LPA in top firms

It depends on you to choose the field as per your skills and interests. Success in any field depends greatly on your choice and capability to perform.

All the 3 degrees are in good demand from a job perspective. Although, it is easier to get better pay and role in big corporates after pursuing CA or MBA, you can choose MCom too if you are interested in making a career in the teaching sector.

Heena Agrawal 8th Mar, 2021
Hi..
The initialsalaryafterM.CominInternational Businesscanrangefrom INR 2 LPA to INR 9 LPA.
...
SalaryAfterM.ComIB.

BusinessDevelopment Manager INR 5 LPA - INR 6 LPA
BusinessDevelopment ExecutiveINR 2 LPA - INR 3 LPA

CA

Theaverage salaryofChartered Accountantsin India ranges from 6-7 lakhs to 30 lakhs.International packagesare even higher ranging up to 75 lakhs. Last year's stats show that theaverage salaryof CAs in India was offered around 7.36 lakhs p.a. in the campus placement conducted by ICAI.

MBA
After pursuing an education in the field of International Business from a reputed Institute, you can expect a salary package of Rs.5 lakhto Rs.12 lakhper annum. The job opportunities are very bright, especially after you have gained 2 to 3 years of work experience in this field.
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anirudha vats 6th Mar, 2021

Hey,

The average package after MCOM usually is around 6-7 lakhs pee annum. Though average package after Mba In International Business is usually around 10 lakhs and can even go high if done from a good college.

Both courses are good but as the trend in today's world is more  corporate based. So doing courses related to it will help in stabilizing your career more.

There are few good colleges offering MBA in International Business. The top being IIFT. It conducts it's own entrance exam and offers a100% placement to student in the field of International Business.

Hope that helps.

Thank you

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