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Distance Master of Commerce course is a highly valued professional degree delivered in self-paced learning format. It's curriculum is designed to hone the professional skills of candidates for careers in banking, finance and management. The structure of this programme is extensice and covers the commerce area in detail to enhnace your practical skills and increase your knowledge base. The students can connect theory with their professional aspirations.
Students are often in a dilemma while choosing the course about its worth and benefits. And if you are someone with work and family responsibilities, it can be difficult to weigh the pros of pursuing distance M.Com. Here we have discussed a few benefits of the program which you must consider:
Professional GrowthA learner can expand his/her knowledge and build the capacity to articulate effectively and analytically. As the program will be offered in distance mode, it is a great way to improve your skills and stay abreast with current trends, thereby leading to professional growth.
Gain a Competitive EdgeA master's degree in commerce is proof of your expertise and dedication to learn. Such qualities are always appreciated by recruiters, thus giving you an edge over others.
Wider Career ProspectsA candidate who is a subject matter expert and has good command of practical skills has countless lucrative opportunities. Moreover, it also results in higher earnings and better employment opportunities.
AffordabilityDistance education is extremely affordable compared to online or regular programs. Whether it is a government university or private institution, the fee structure is pocket-friendly, and the quality of education is also maintained.
To get admission in a distance M.Com program in a reputed institution, you must fulfill the eligibility criteria of that college/university. Who all are eligible for this program -
Eligibility Criteria:- An applicant with a minimum of 50% marks in his/her previous education in the commerce stream from a recognized university. - Reserved category candidates may get 5% or more relaxation in the minimum marks criteria depending upon the institution.
The admission is done on rolling basis with a fixed deadline for the submission of the application. The admission calender and strcuture is different for each university. Nonetheless, below mentioned is a general overview of the admissions process followed largely:
Complete the online application form with accurate information.
Provide all the required documents with your recent photograph.
Verify the submitted documents as part of the admission process.
Submit the application fee and the course fee as required.
Upon verification, you will get a final admission offer.
The admission is done on rolling basis with a fixed deadline for the submission of the application. The admission calender and strcuture is different for each university. Nonetheless, below mentioned is a general overview of the admissions process followed largely:
Academic Documents
Government ID proof
Work Experience
Passport size photographs
A striking feature of pursuing an Distance M.Com degree is the ability to specialize in a niche area and expand your career prospects. Choosing the right M.Com specialization impacts your career path in many ways; therefore, you should make a careful choice.
The specialization you choose will give direction to your career. You will be able to identify areas of improvement and plan out your growth. Also, you can apply for niche-oriented jobs that offer a good salary package.
Specialization in a sector that is in a growth phase and has higher growth potential will introduce you to skills that are currently in huge demand. This will increase the worth of your degree and help you land a lucrative opportunity in a growing sector.
Though remote learning has numerous perks and is flexible, it comes with the possibility of getting distracted. If your curriculum includes topics of your interest, you will always have the motivation and passion to continue learning. That is why it is better to go for specialization instead of a general coursework.
While the course plan may differ, the subjects will revolve around similar topics unless you have chosen a particular specialization. The common syllabus followed by institutions is given below:
| Semester 1 | Semester 2 |
|---|---|
| Managerial Economics | Advanced Financial Management |
| Quantitative Techniques | Research Methods & Statistics |
| Professional Business Communication | Advance Corporate Accounting |
| Research Methodology | Microfinance Management |
| Business Environment and Regulatory Framework | International Financial Reporting Standards |
| Marketing Management | |
| Financial Reporting & Analysis |
| Semester 3 | Semester 4 |
|---|---|
| Entrepreneurship | Capital Market and Financial Services |
| Supply Chain and Logistic Management | Tax Planning and Procedure |
| Family Business Management | Business Finance |
| Research Paper | Digital Marketing |
| Security Analysis & Portfolio Management | Specialisation Elective |
| Specialisation Elective | Corporate Social Responsibility |
Based on the specialization and your area of interest, you can enter different sectors in the commerce field. Below-mentioned are widely chosen career paths by M.Com graduates:
| Job Roles | Job Description |
|---|---|
| Investment Banker | A professional who is tasked to help companies and individuals raise their capital. Their role is to provide financial advice on issues concerning mergers and acquisitions. |
| Insurance Manager | Their role ranges from management and administrative responsibilities. Along with making sales, they have to track client records by maintaining a filing system. |
| Accountant | Manage financial records and provide financial insights to business entities and individuals. On a daily basis, the role may differ in different organizations; however, overall responsibilities involve collecting, tracking, and correcting the organization's financial matters. |
| Tax Consultant | Responsible for filing taxes, advising clients on income tax matters, and covering a wide range of financial matters such as trust, estate, and retirement taxes. They are generally employed by financial consulting firms, government agencies, or business entities. |
| Wealth Manager | This role involves the financial planning and portfolio management of high net worth individuals. One must understand the financial objectives of their clients and plan for the long term to manage their finances accordingly. |
| Chartered Accountant | It is one of the most sought-after and highly paid jobs in commerce wherein you have the responsibility of auditing financial statements, advising on financial matters, and filing corporate tax returns. |
| Job Roles | Average Annual Salary |
|---|---|
| Investment Banker | ₹ 11.7 LPA |
| Insurance Manager | ₹ 3.7 LPA |
| Accountant | ₹ 3.3 LPA |
| Tax Consultant | ₹ 7.7 LPA |
| Wealth Manager | ₹ 7.2 LPA |
| Chartered Accountant | ₹ 11.3 LPA |
| Course Name: | Distance M.Com |
| Type: | PG Programme |
| Duration: | 2 Years |
| Mode of Learning: | Self-paced learning |
| Fee Structure: | Depends on the university and specialization, ranging between ₹10,000 - ₹1,00,000 for the complete course. |
| Average Salary Offered: | On average, the salary range is from ₹3 to ₹10 LPA. It varies based on the job role, organization type, and your experience. |
| Employment Roles: | Investment Banker, Insurance Manager, Accountant, Tax Consultant, Wealth Manager, etc. |
| Examination Method: | Offline at the university or regional center |
