Quick answer: An online M.Com course in India ranges in cost from around ₹50,000 to ₹1,80,000 for the entire course(2 Years), depending on factors such as the university, specialization, and portion of the fee allocated towards live lectures, course materials, and placement.
When considering an online M.Com course, the fee will definitely be one of the first things you need to find out, and it is certainly the most difficult one to find out. The brochures provide varying figures, and the counseling sessions give varying figures. This blog attempts to tell you what the real fees are, what increases and decreases them, and what you should consider before committing to it.
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What An Online M.Com Actually Costs
Here's a general sense of where the fee typically lands, based on the kind of university you choose:
|
University |
Approx. Total Fees |
Payment Options |
|
₹85,000 – ₹1,50,000 |
Semester-wise, full payment, or EMI | |
|
₹60,000 – ₹1,10,000 |
Semester-wise or EMI | |
|
₹50,000 – ₹90,000 |
Semester-wise or EMI | |
|
₹90,000 |
Semester-wise or EMI | |
|
₹75,000 |
Semester-wise or EMI | |
|
₹1,20,000 – ₹1,80,000 |
Semester-wise or EMI | |
|
₹50,000 |
One-time or annual payment |
It's worth confirming the exact current fee for your shortlisted university directly, or through free counseling, before you finalize a decision.
What Actually Makes Up The Total Fee?
The figure that’s presented on the homepage doesn’t always tell the entire truth. A usual online M.Com fee is generally comprised of the tuition or semester fee (which is usually the major part of the fee structure) and examination fees, which some universities include in the total fee while others charge separately.
The cost of study materials is generally included in the case of digital study materials; however, in the case of printed study materials, there may be an additional charge. In addition, most universities usually have a convocation or certification fee, which isn’t discussed much in advance.
Does The Specialization You Choose Change The Cost?
Generally speaking, yes. A general M.Com will be charged the standard fee, while specialized courses such as finance, banking and insurance, or business analytics may have an extra charge at the same university, as they require additional courses or industry tools.
The increase in the amount is not that significant but just sufficient to affect your total fee by a few thousand, so make sure to find out if the course you are interested in has a different fee from the general course.
Can You Actually Pay This In Parts?
Yes, and that is where most of the anxiety about the total fee gets sorted out. Since almost all universities divide the fee into 4 semesters for a 2-year course, you would never have to pay the entire fee in one go.
In addition to the payment pattern based on the semesters, some of the private universities even provide an EMI option through their respective partner platforms by dividing the fee of each semester into smaller monthly instalments. It might be worthwhile to enquire if the EMI facility provided is at zero cost or otherwise.
What Drives The Price Difference Between Universities?
A few key elements always account for why the M.Com of one university is twice that of another university despite being apparently similar. The government-supported universities have low charges since they lack the marketing and infrastructural overheads associated with private universities.
Universities providing live classes, recording of lectures, and doubt-clearing sessions have high fees as compared to those providing only static study materials. Universities providing a placement cell with tie-ups with real recruiters also have high fees, along with those with good brand value, which alone helps them to charge high fees irrespective of delivery cost.
Summing Up!
The true cost of studying an online M.Com program should be based not on an estimated figure but on the kind of university, the specialization, and the components that go into the fee. It is only by looking at these parameters for your particular shortlisted universities and not just going by the figure provided in the brochure that one is able to know what the true costs will be.
Need to know what an online M.Com program will truly cost you? Our free counseling service from College Vidya can help you out.
