img

Blog

M.Com Explained: Full Form, Subjects, Scope, Top Colleges, Salaries and more

img

Kamaldeep

10 April, 2024

M.Com Explained: Full Form, Subjects, Scope, Top Colleges, Salaries and more

Nowadays, it is easy to pursue any degree with distance education courses. Distance education is approaching a fast pace in today’s scenario. M.Com. distance education is a popular choice among the many courses offered for students who want to improve their knowledge and proficiency in commerce and finance. Many students cannot take the pressure of regular courses because of job and family responsibilities. Therefore, distance education Mcom is significant for those students.

In this article,  we shall read in detail about M.Com. distance education and explore its benefits, eligibility criteria, course structure, and further career prospects.

Overview of M.Com. Distance Education

M.Com. stands for Master of Commerce. The duration of the M.Com. programme is 2 years. The course incorporates subjects such as fundamentals of business finance, strategic financial planning, marketing securities, and sources of business funding. Students who complete the course will be able to get opportunities in fund management, stock broking, banking, and other financial fields. The salary packages range from  4 to 9 LPA corresponding to different industries.

Who Should Pursue Distance Education M.Com.?

Mcom distance education can be pursued by a diverse range of individuals who seek to enhance their education in the field of commerce while accommodating their personal and professional commitments. This programme is very helpful even for recent graduates who are just starting their careers because it enables them to obtain a post-graduate degree while gaining practical experience through employment in the commerce sector. Regardless of how long you have worked in the industry, this post-graduate programme can help you advance to management positions within your organisation.

The following highlights the possible candidates that might benefit from pursuing MCom distance education:

  • Working Professionals:

    Many working people choose to pursue M.Com. programmes through distance education to better their careers and improve their qualifications while maintaining a full-time job.

  • Graduates Seeking Career Enhancement:

    In order to obtain a competitive advantage in job search, recent graduates holding a bachelor’s degree in commerce or a similar subject frequently enrol in distance M.Com. programmes. Their knowledge base will be expanded, their employability will be enhanced, and their chances of landing a profitable job in industries like finance, accounting, consulting, and entrepreneurship will rise with an M.Com. degree.

  • Students in Remote Areas:

    The distance education M.com. is significant for students who are living in remote areas. These students do not have access to universities and colleges. So for them, distance M.Com. is a bliss as they will be able to complete their post-graduation.

  • Individuals with Family Responsibilities:

    Many individuals have family responsibilities and because of this, they don’t go for higher education. This section of individuals can opt for distance mode if they want to earn a degree in M. Com.

  • Business Startups:

    Entrepreneurs who aspire to start a startup can also go for M.Com. distance education as it will not hamper their business and they will get a postgraduate degree as well.

  • Non-Traditional Learners:

    Non-traditional learners who might not do well in a regular classroom environment or who prefer self-paced learning find appeal in distance education M.Com. programmes. With the help of these programmes, students can adapt their study plans to fit their learning styles and speed, which improves their ability to retain the knowledge.

Top 7 MCom Distance Education Colleges

The M.Com. distance education programme is offered by numerous colleges and institutions to a wide range of students and working professionals. Below is a list of the top Indian colleges that offer distance M.Com. degree. Depending on your qualifications and economic background, you can apply to any of these colleges after learning more about them. The top ten M.Com. universities in India for distance education are listed below:

S.No University Duration Eligibility Criteria Fee Structure
1. IGNOU (Indira Gandhi National Open University) 2 Years Bachelor’s Degree or a higher degree from a recognised University. INR 16,200/- for the full programme to be paid year-wise @ INR. 8,100/- per year, plus a Registration fee of INR 200/- in the first year
2. Calicut University 2 Years BCom or BCom (H) degree from a recognised university or college INR 2,900
3. Kerala University 2 Years Bachelor’s Degree or a higher degree from a recognised University. INR 15,000
4. Jain University 2 Years Complete an undergraduate programme in any field at a university recognised by the UGC that lasts at least three years.
Candidates in their last semester of a bachelor’s degree can also apply.
INR 25,800
5. Chandigarh University 2 Years Bachelor’s Degree or a higher degree from a recognised University. INR 6,950 (Academic Fee)
6. Manipal University 2 Years Graduation in any stream INR 1,08,000
7. Netaji Subhas Open University 2 Years BCom/ BBA or its equivalent from a recognised university INR 7,600

Regular M.Com. vs Distance M.Com.

This comparison focuses on the differences between regular M.Com. programmes delivered in conventional classroom settings and M.Com. programmes available in India via distance learning. Every method for education has special benefits and features that meet the various demands and preferences of the learners.

Aspect Regular M.Com. Distance M.Com.
Mode of Instruction Classroom-based, face-to-face lectures and seminars Remote learning via online platforms and study materials
Flexibility Limited flexibility in terms of class schedules High flexibility, allowing students to study at their own pace and convenience
Location Limited to the physical campus of the institution Study from anywhere with internet access
Commutation Requires going to campus for classes Eliminates the need for going to the campus.
Interaction Direct interaction with faculty and peers in person Interaction primarily through online forums, emails, and virtual sessions
Access to Resources Access to campus facilities such as libraries and labs Access to digital resources and online library services
Learning Environment Structured learning environment within classrooms Self-directed learning environment
Support Services In-person academic support and counselling services Online academic support, counselling, and virtual assistance
Networking Opportunities Opportunities for face-to-face networking with peers Networking opportunities through online forums and virtual events
Time Commitment Full-time commitment with fixed class timings Part-time or full-time study options with flexible scheduling
Fees May incur additional expenses such as transportation and accommodation Generally more cost-effective due to reduced overheads and no commuting expenses

Syllabus of Distance M.Com.

The syllabus of M.Com. distance education constitutes various significant subjects and electives. The list of subjects included in the syllabus is tabled below.

Cost Accounting Taxation
Financial Management and Project Finance Managerial Accounting
Marketing and Strategic Management Research Methodology and E-Commerce
Statistical Analysis and Quantitative Techniques Electives such as Human Resource Management and Project work
Corporate Legal Framework and Security Analysis Advanced Corporate Accounting
Business Law and Ethics International Business

Benefits of M.Com. Distance Education

Students find it easy to pursue distance learning courses as they provide comfort and ease of learning. Some of the benefits of M.Com. distance education are listed below.

  • Cost-effective:

    Programmes for distance learning frequently provide more affordable options than usual on-campus courses. Students can cut costs on things like lodging, travel, and study materials.

  • Flexibility:

    The flexibility is one of the biggest benefits of M.Com. distance education because candidates can study at their speed and on their schedule, and can manage their academic goals with other responsibilities or jobs.

  • Accessible:

    Geographical challenges are reduced by distance education programmes, allowing students from a variety of areas and backgrounds to pursue higher education without relocating.

  • Advancement in Careers:

    Prospects for employment in a number of industries, including accounting, finance, banking, and business management, can be greatly improved by earning an M.Com. degree. It gives students the information and abilities needed to succeed in their chosen fields of work.

Course Structure: M.Com. Distance Education

A usual M.Com. distance education programme’s curriculum includes a broad range of business administration and commerce-related topics. In order to provide students the opportunity to specialise in topics that interest them or are relevant to their professional aspirations, the course structure may also include elective subjects. In order to give students practical training and real-world insights, the majority of M.Com. distance education programmes also include projects, case studies, and practical training.

The following could be a few of the standard subjects covered in the course structure:

  1. Financial Accounting
  2. Managerial Economics
  3. Corporate Finance
  4. Business Law and Ethics
  5. Marketing Management
  6. Human Resource Management
  7. Strategic Management
  8. International Business

Different Salaries

The salaries provided to individuals who completed their M.Com. distance education are competitive. The average pay scale is INR 4 LPA to INR 9 LPA.

Job opportunities

Nowadays, there are many job opportunities open to candidates completing M.Com. distance education. Many new industries, businesses, and start-ups have been established. It paves a great way for different roles for individuals.

Recruitment Areas

Many job opportunities signify many recruitment areas in the market. For M.Com. distance education students the recruitment areas are listed below.

IT Sector Banking Sector Consultancies Accounting Sector
Stock Markets E-Commerce Companies Education Sector Insurance Sector
Retail Markets Corporate Industry FMCG Sector Education Sector

M.Com. Distance Education: Career Prospects

Graduates of distance learning M.Com. programmes have a solid background in business administration and commerce, which positions them for a variety of job opportunities. For M.Com. graduates, a few possible job routes are as follows:

Auditors Entrepreneur Marketing Managers
Bookkeepers Financial Analysts Stock Brokers
Budget Analysts Financial Managers Tax Consultant
Business Consultants Human Resource Managers Teachers
Chartered Management Accountants Investment Banker
Chief Financial Officers Lecturers

Conclusion

Individuals can pursue higher education and develop their careers in commerce through the flexible and convenient M.Com. distance education programme. With its focus on affordability, flexibility, and career readiness, an M.Com. degree earned online can lead to a variety of interesting prospects in the business sector. Starting an M.Com. distance learning programme can be a worthwhile investment in your future success, regardless of whether you’re a working professional trying to advance your skills or a fresh graduate hoping to strengthen your credentials.


Get Free Career Guidance

enquiry




chatBoat