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MBA is a professional course that focuses more on industry-requirements and helping students get better management jobs. On the other hand, MCom is a course targeting theoretical knowledge in the field of Commerce. While an MBA prepares a candidate for a career in business administration and management, MCom is an excellent course for academic pursuits in Finance and Commerce.
Students who have completed a BCom course are often confused about whether they should go for an MBA or MCom after graduation. In order to figure out which course is the best, a student must take a close look at the salient features of each course.
In this article, we have provided a comparison of MBA and Mcom course in India. We take a look at how the two courses compare in terms of eligibility, syllabus, costs and returns, and help you figure out which is the best course for you.
MBA vs MCom: Overview
Here is an overview of the comparison of MBA and MCom courses.
Master of Business Administration
Master of Commerce
Graduation in any stream
Bachelor's degree in Commerce with Maths, Economics or Accounts
National / State / College-level Entrance Exam + GD / PI
Entrance Test + Counselling
|MBA Entrance Exams in India||MCom Entrance Exams in India|
Average Course Fee
Rs. 6 - 8 lakhs
Rs. 1 lakh
Average Starting Salary
Rs. 7 LPA
Rs. 4 LPA
MBA vs MCom: About
Master of Business Administration (MBA) is a professional postgraduate course that prepares a candidate for taking up managerial positions at key sectors in businesses. MBA is one of the most popular choices of courses across various industries. The course teaches a student basic aspects of management, marketing, sales etc. while also imparting in-depth knowledge of finance, accounting and other related subjects.
Master of Commerce (MCom) is a postgraduate course that involves a detailed study of subjects such as finance, accounts, computer applications etc. The course curriculum of MCopm also involves management-related subjects but the focus of the course lies in enhancing the theoretical knowledge of a student. An MCom course enhances the academic value of a student and helps prepare them for a career in core areas of commerce and commercial applications.
Also Read:Banking Courses After Graduation
MBA vs MCom: Specializations
MBA and MCom both come in a wide variety of specializations. These help a candidate customize the course curriculum as per their requirements. Here are some of the popular specializations of MBA and MCom in India.
Banking and Insurance
Check more about specializations offered on MBA and MCom in the following related articles.
|How to Choose an MBA Specialization||Best BCom & MCom Specializations|
MBA vs MCom: Course Curriculum
The curriculum of MBA and MCom courses is different for different specializations. The table below provides a comparison of the curriculum of an MBA in Finance and MCom in Finance courses.
MBA Finance Subjects
MCom Finance Subjects
Corporate Investment Management
Baking & Technology
Financial Markets and Services
Quantitative Techniques for Business etc.
Students will find that there are a number of similar subjects in the syllabus of MBA and MCom courses. However, the MBA course curriculum is crafted to suit the industry standards while an MCom course curriculum is often designed from an academic point of view.
Also Read:MBA Subjects & Syllabus
MBA vs MCom: Career Scope and Job Opportunities
Both MBA and MCom have good job opportunities but the targeted sectors of both courses differ. The career scope and job opportunities of MBA and MCom are given below.
Career After MBA
MBA is a course that prepares a candidate to take up managerial roles in various organizations. Due to the excellent exposure in various administration and management-related subjects provided by the course, MBA graduates are in high demand, especially in private organizations and startups.
MBA course is taken up by many candidates after gaining some work experience in their desired field. An MBA degree helps professionals to acquire key skills required for management posts and climb to higher positions in their industry. Here are some of the top recruiting areas of MBA graduates in India:
- Banking, Financial Services and Insurance (BFSI) Sector
Private Companies etc.
Here are some job profiles offered to MBA graduates.
Also Read:Government Jobs After MBA
Career After MCom
MCom is a reputed course with a wide scope int the government as well as the private sector. Even though the course includes management subjects, MCom graduates are generally not preferred for managerial posts. Instead, most of the career opportunities for MCom arise in areas related to accounting and finance, which require in-depth knowledge of core subjects.
MCom is taken up by BCom graduates direct after completing graduation. Many graduates also take up MCom study while pursuing a Chartered Accounting (CA) since both the courses have a similar syllabus. MCom is also a good course for a candidate who is preparing for recruitment exams in related public sector departments. MCom is also a good course for candidates who wish to take up teaching after postgraduation. Many MCom graduates also take up BEd (Bachelor of Education) after completing postgraduate studies.
Given below are some core recruitment areas for MCom Graduates.
- Banking Sector
Indian Statistical Services
Popular job opportunities for MCom graduates include the following.
Investment Banker etc.
Also Read:Career Opportunities after BCom
MBA vs MCom: Which is better?
Both MBA and MCom are well-reputed courses in India with excellent value in academia as well as the industry. Here is how you can decide which course is the best fit for your career aspirations and interests.
|MBA is generally an expensive course. Depending on the college, you may have to spend Rs. 10 - 12 lakhs on an MBA course.||MCom is a very affordable course, especially in government colleges. An MCom course can usually be completed within Rs. 1 lakh.|
Widely-recognized in the Indian as well as global markets
A recognized course in India but not as much international recognition.
Who is it for?
Great for candidates who wish to take up management positions in private industries.
Best for candidates who either want to take up teaching or research in Commerce or Finance.
Core Recruiting Areas
Marketing, Advertising, Analytics, Business Administration, Private Organizations, Specialized Sectors
Financial Research, Stock Market, Taxation, Banking & Insurance, Government Jobs
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