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Updated at : November 10, 2023
M.Com Distance Education
Distance MCom is your key to staying ahead of the curve and learning advanced knowledge and skills to boost your career progress in the fast-developing world of commerce and finance. Since the responsibilities of job, family, and personal obligations sometimes make standard on-campus M.Com programs difficult to undertake. This is where Distance M.Com or Distance Education Programs come into play, providing a flexible and easy alternative to pursue a postgraduate degree while balancing other elements of life.Watch Video
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Distance M.Com Program Overview
Distance MCom programs usually last 2 years and are designed to meet the demands of working professionals, graduates, and people from various backgrounds who want to improve their knowledge of commerce, finance, and related subjects. These programs offer a platform for lifelong learning, allowing individuals to broaden their knowledge base, improve critical thinking abilities, and achieve competence in particular trade areas. One of its primary benefits is its flexibility, allowing students to study quickly and conveniently and juggle career and personal obligations.
A Distance MCom program's curriculum is extensive and covers various courses such as financial management, accounting, economics, business law, taxation, and strategic management. The curriculum is meant to give students a thorough knowledge of advanced ideas, industry best practices, and new trends in the field of commerce. Students can also concentrate on finance, marketing, human resources, or international business, connecting their education with their professional goals.
Case studies, projects, and internships are common components of distance MCom programs, letting students apply their theoretical knowledge to real-world circumstances. This hands-on experience helps students build critical thinking, problem-solving, and decision-making abilities essential for success in today's competitive business environment.
Another key benefit of a Distance MCom degree is the chance to network and cooperate with individuals from other backgrounds. Students may participate in debates, exchange insights, and establish a strong network of like-minded individuals through virtual classrooms and online forums. This networking element of online education creates opportunities for beneficial relationships, partnerships, and professional advancement.
Why Distance M.Com?
MCom distance education is one of the best possible ways to pursue your higher education with your ongoing engagements. This program provides you with a moderate level of flexibility that allows you to continue your job while learning the core & advanced topics of the finance domain. Its low fee package and equal credibility as a regular MCom are the major causes of its popularity among commerce aspirants.
Who Should Pursue Distance M.Com?
MCom distance education is an ideal fit for working professionals who do not want to leave their jobs to complete their higher education. Even for fresh graduates who are at the start of their careers, this program is quite beneficial as it allows them to get post-graduated while gaining on-field experience with a job in the commerce field. Irrespective of the years of experience in the work field, this post-graduate program can help you get promoted to managerial roles in your firm or the other.
When to Do a Distance M.Com?
There are several benefits of opting for an MCom distance education. One of the major ones is its easy enrollment procedure. This program can be taken up at any age as there is no restriction on that. Moreover, the freedom to apply for this program at any stage of your career provides you with an opportunity to upscale your designation and financial status easily.
Popular & Affordable Distance M.Com Universities in India
|
Universities Offering Distance MCom |
NIRF Ranking 2023 (University Category) |
Starting Fee Range (Might Vary) |
|
6 |
80,000 to 1.00 Lakhs INR |
|
|
27 |
1.00 to 1.30 Lakhs INR |
|
|
35 |
80,000 to 1.10 Lakhs INR |
|
|
38 |
60,000 to 84,000 INR |
Key Highlights of Distance M.Com In India
The M.Com Distance Education Program has numerous major features that make it an appealing option for those pursuing further knowledge in commerce and finance. Here are some of the program's significant highlights:
- Distance M.Com programs allow you to study at your own pace and manage career and personal obligations while pursuing higher education.
- The program provides a comprehensive curriculum that includes all elements of commerce, finance, accounting, taxation, business law, economics, and other relevant courses.
- Finance, marketing, international business, taxation, and human resource management are some student specializations.
- The M.Com Distance Education Program provides students with industry-relevant information and skills in high demand in the corporate sector.
- To improve the learning experience, MCom distance education programs use various interactive learning tools and technology.
- Reputable remote learning schools frequently include a team of professional faculty members who offer industrial skills and academic knowledge to the virtual classroom.
- MCom Distance education programs are frequently less expensive than traditional on-campus programs.
- Students receive continuing support and help from the university while learning from MCom distance education institutes.
- As per the UGC guidelines, a distance MCom degree holds equivalent weightage to a regular one in the industry.
- The learnings and industry recognition of distance MCom improve your career opportunities for a better professional journey.
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Distance M.Com Course Subjects/Syllabus
This distance education program includes a wide range of topics to give students a thorough grasp of commerce and related areas. Some of the subjects covered in the program are as follows:
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Financial Accounting and Reporting |
Managerial Accounting |
|
Corporate Finance |
Business Economics |
|
Marketing Management |
Human Resource Management |
|
Business Law and Ethics |
Taxation Laws and Practices |
|
Cost Accounting |
International Business |
The exact subject list will be confirmed after you finalize your university for this program. Moreover, in addition to the conceptual topics, you will be allotted industry projects on relevant topics to enrich your practical skills. These industry projects are usually based on real-time case studies that prepare you for the challenges of the corporate world.
Top Specializations of Distance M.Com
MCom distance education comes with numerous specializations, thus, you have the benefit of choosing one based on your interests. A few in-demand specializations of distance MCom trending in the market are provided below:
Other Types of M.Com
Distance MCom is not your only option to acquire a master’s degree in the commerce field via a remote way of learning. In addition to the regular MCom courses, some others have been briefed below to make you aware of the options you have in the present situation.
Regular M.Com: On-campus or regular MCom is your typical mode of learning that needs you to visit the college campus daily. This regular commute restricts your flexibility and makes you invest your entire 2 years in only classroom-based learning. The knowledge imparted by highly qualified professors in theoretical classes and practical sessions is unmatchable. However, the lack of industrial experience is something that you must be concerned about in this competitive world.
Top Universities for Regular M.Com As Per NIRF Ranking 2023
Here is a list of the top 10 best universities that offer regular MCom in India as per the NIRF Ranking 2023.
|
Universities/Institutions |
NIRF 2023 Ranking in University Category |
|
Jawaharlal Nehru University |
2 |
|
Jamia Millia Islamia |
3 |
|
Jadavpur University |
4 |
|
Banaras Hindu University |
5 |
|
Manipal Academy of Higher Education-Manipal |
6 |
|
Amrita Vishwa Vidyapeetham |
7 |
|
Aligarh Muslim University |
9 |
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University of Delhi |
11 |
|
Calcutta University |
12 |
Online M.Com: Online MCom is an entirely digitized course of 2 years. It involves no physical interaction between teachers and students but the industry exposure you experience in this virtual learning mode is impeccable. The online forums and learning management systems help you connect with faculty members for instant doubt resolution. The high level of flexibility you get in this mode allows you to continue your existing job or join one while learning.
Popular & Affordable Online M.Com Universities in India
|
Universities Offering Online MCom |
NIRF Ranking 2023 (University Category) |
Starting Fee Range (Might Vary) |
|
Manipal University |
6 |
1.00 Lakhs INR |
|
Amrita Vishwa Vidyapeetham |
7 |
90,000 INR |
|
Chandigarh University |
27 |
1.30 Lakhs INR |
|
Amity University, Noida |
35 |
1.10 Lakhs INR |
|
Lovely Professional University (LPU) |
38 |
84,000 INR |
|
Jain University, Bangalore |
68 |
1.00 Lakhs INR |
Part-Time M.Com: Part-time MCom is one mode of learning that incorporates both weekend physical classes like distance MCom and online academic resources and interactive panels like online MCom. The option to attend physical classes helps you manage your study and job schedules quite well. Moreover, the availability of recorded lectures and other study materials allows you to study at any time from anywhere that too at an affordable fee structure.
Some of the major key differences between a regular, distance, online, & part-time MCom are tabulated below to help you differentiate between them.
|
Specifications |
Regular M.Com |
Online M.Com |
Distance M.Com |
Part-time M.Com |
|
Flexibility Level |
None |
High |
Low |
Moderate |
|
Course Duration |
2 Years |
2-4 Years |
2-4 Years |
2-4 Years |
|
Location Constraints |
Yes |
No |
Yes |
May or may not be there |
|
Class Schedule |
Daily |
Flexible |
Fixed Timings |
Flexible with certain class timings |
|
Fee Range |
High |
Affordable |
Low |
Affordable |
|
Industry Exposure |
Mostly domestic with limited international opportunities |
Global |
Mostly Domestic |
Global |
|
Technological Advancements in Learning |
Moderate |
High |
Low |
Moderate |
|
Industry Acceptance |
Very High |
Equivalent to regular MCom |
Equivalent to regular MCom |
High |
Distance M.Com Eligibility & Duration
The qualifying requirements for Distance MCom programs may differ based on the university or institution that offers the degree. Candidates must, however, have a Bachelor's degree in Commerce or a similar discipline from a recognized university.
Some colleges and universities may additionally need a certain percentage or CGPA in the undergraduate degree. Work experience is helpful in certain circumstances, but it is optional for admission to this distance education program.
Distance M.Com Duration
Distance MCom programs normally last 2 years, depending on the university or institution. The curriculum is meant to be adaptable, allowing students to study at their own speed while juggling other personal and professional obligations. The length of study may also differ depending on the form of study, such as part-time or full-time enrolment.
Skills Required for Distance M.Com
To get acquainted with the concepts of the commerce field via a distance MCom program, you must possess the following skills that will enhance your learning abilities.
- Strong Mathematical Foundation: As a graduate of commerce, you need to be well-versed in fundamental mathematics. This will enable you to comprehend complex course material faster and with more clarity.
- Sound Microsoft Excel Basics: Though it is a fundamental tool for all professionals, Microsoft Excel has a particular place in the life of a commerce graduate. You should be familiar with the fundamentals of Excel formulas, if not advanced, as this will greatly minimize your labor effort.
- Knowledge of Accounting Applications: You must have heard of or used a lot of accounting software, such as Tally, SAP, Quickbooks, etc. if you graduated in commerce. Gaining a thorough understanding of how they operate will benefit your job in the long term.
- Good Numeracy Skills: You need to have a great knack for numbers since you intend to use an online MCom program to advance your profession in the commerce area. You will have an advantage over the competition because of your solid understanding of banking, taxes, finance, and data management.
- Communication Skills: Every professional needs to have a fundamental skill set in both verbal and nonverbal communication. Your ability to persuade and negotiate will enable you to complete your assignment with ease.
- Problem-solving Skills: A strong sense of presence of mind encourages rapid problem-solving abilities, which are valued in both personal and professional spheres. You need to be mentally agile as a finance expert to tackle a wide range of problems that your clients may encounter.
- Team Management Skills: Obtaining an online MCom degree can assist you in advancing to a managing or head position; nevertheless, this requires you to naturally have leadership qualities. This will assist you in leading your team and taking prompt action to ensure the success of your company.
Is an Entrance Exam Conducted For Distance M.Com?
Distance MCom is among those programs that make you climb up the professional ladder with the least effort. Well, the “least effort” here refers to an entrance exam-free enrollment procedure. Yes, you read it right, you can now complete your PG education with an MCom distance education course just based on your graduation degree.
Since most universities offering this program follow a direct admission procedure, there are still some who consider the marks scored in the common entrance tests conducted for regular MCom programs. Names of some of these entrance exams are provided below to give you an idea of the institutions conducting them.
|
Common University Entrance Test (CUET) PG |
Banaras Hindu University Postgraduate Entrance Test (BHU PET) |
|
Delhi University Entrance Test (DUET) |
Punjab University Common Entrance Test (PU CET) |
|
Uttaranchal University Entrance Examination (UUEE) |
Suresh Gyan Vihar University Entrance Exam (GVSAT) |
Recommended Books
If you are preparing for MCom entrance test, studying from some reference books that have complete details of the topics is vital. Here is the list of some books that earned the badge of “Bestsellers 2023” that you can refer to while MCom entrance exam preparation.
|
Books |
Author Names |
|
Advanced Accounting |
S.N. Mageswari |
|
Financial Accounting |
R.L. Gupta |
|
Business Mathematics |
Ranganath, Sampangiram, Rajaram |
|
Company Law |
Avtar Singh |
|
Law of Contract & Specific Relief |
Avtar Singh |
|
M.Com Entrance Test Guide |
Sima Kumari |
|
Principles of Economics |
Case Fair |
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Program Fees for Distance M.Com
Starting at ₹ 6,776/month
Program Fee: ₹60,000 - ₹2,50,000
Low Cost EMI Available
Recommended
The fee for MCom distance education depends on the university, the length of the study, and the specific programs offered. These classes are flexible for people who are already working and want to learn more about business and related areas. Prospective students should talk to their chosen colleges or universities about exact tuition costs and any financial help or scholarships that might be available so they can make an informed choice about their education.
Distance M.Com Domestic Fee
MCom distance education programs usually have fees ranging from INR 30,000 to INR 1.5 lakhs. This amount generally includes tuition fees for all the semesters. Most universities charge admission processing fees, study material’s hard copies (if applicable), and GST separately by the applicants at the time of enrollment.
Distance M.Com International Fee
For international applicants, the fee package will start at $500 which is quite affordable considering the value of the MCom distance education degree in the global market. For any additional cost, applicants need to finalize their university first and then look for the exact figure with a complete fee breakup.
Distance M.Com Admission Procedure
Most of the time, getting into a Distance MCom program includes a few key steps. First, people who want to take the class need to study and choose a reputable school or university that offers it. Then, they usually fill out an online application, giving relevant personal and academic information along with necessary papers like transcripts and identification.
To get into some schools, you may have to take an entrance exam or have an interview. Once a student is accepted, they must pay the school fees by the due date. Once the fee is paid, the student is officially enrolled and can access study tools and resources. To ensure the admissions process goes smoothly, it's important to meet application dates and eligibility requirements, which can change from school to school.
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Growth of Online Education in India
- Online education in India is set to grow at a CAGR of 19.9% by 2030.
- Skill development and employment are the major driving forces for this growth.
- Higher education is gaining popularity in this online medium.
- Financially affordability is a significant contributor to this boom.
- The increased adoption of technologies, i.e., the Internet and smartphones, has increased accessibility significantly.
- The advantage of flexibility in terms of time and location is the key highlight.
Education Loan/EMI Facilities for Distance M.Com
There are ways for students in a Distance MCom program to get financial help from many universities and schools. Some of these financial aids are scholarships, loans, or delayed payment plans with good terms that can help make college less expensive. Eligibility requirements and how to apply for this kind of help vary, so prospective students should talk to their chosen universities or look into outside scholarship opportunities to find out if financial aid is available that fits their educational goals.
Is Distance M.Com Worth it?
A Distance M.Com program can be very beneficial because it can help you move up in your job, specialize, and grow. This open way to learn lets people learn while working or doing other things, making it possible for working adults to do so. Graduates with an MCom are in demand in many fields because they know much about accounting, finance, and business.
The program also allows people to meet new people and work on themselves, improving their critical thought and problem-solving skills. This investment in higher education often leads to higher earning potential, making it a useful and rewarding choice for people who want to do well in business-related areas and advance their jobs.
A Distance MCom program also gives people the information and skills they need to adapt to the constantly changing business world. In an age of digital change and globalization, businesses must stay current and useful. The program's specialty choices allow students to learn more about high-demand areas like finance, marketing, and foreign business.
Also, studying at your own pace helps you develop a sense of freedom and self-discipline, which are useful in your personal and work life. Ultimately, a Distance MCom study is a good investment in one's future because it can lead to personal and career success.
College Vidya Advantages
Job Opportunity after Distance M.Com
When pursued via accredited colleges, distance education programs provide the same degree of academic rigor and content as traditional on-campus programs. Employers recognize and trust the degree, indicating your knowledge and skill in business. Selecting a reputable and authorized university is critical to ensure the legitimacy and marketability of your MCom degree.
|
Financial Analyst |
Accountant |
|
Tax Consultant |
Business Development Manager |
|
Financial Manager |
Market Research Analyst |
|
Banking Professional |
Investment Analyst |
Top Recruiters for Distance M.Com
Pursuing an MCom degree via distance method is beneficial as employers accept a distance MCom degree from a reputed and approved college as a credible and authentic certification. Many leading organizations and companies recognize the value of distance degrees and are actively hiring Distance MCom graduates.
Our students work at
ICICI Bank
Accenture
Axis Bank
HDFC Bank
Infosys
KPMG
Reliance
Tech Mahindra
Bajaj Capital
Ericsson
Let's clear up some doubts about Distance M.Com
Yes, distance M.Com programs are designed to allow working people to study quickly and conveniently.
Yes, businesses recognise and respect distance M.Com degrees since they focus on building industry-relevant skills and knowledge.
Distance assessment techniques Online tests, assignments, project work, and presentations are all possible components of M.Com programs.
After finishing a distance M.Com degree, you may be qualified to continue your education with a PhD or other specialised courses.
There are no age requirements for enrolling in a distance M.Com program. Anyone who meets the qualifying requirements may apply.
Depending on the university, specialized choices may be available. Some colleges enable students to pick their focus at the start of the program, but others have a set specialization.
As per the guidelines of the University Grants Commission (UGC), an MCom distance education is treated as equal to the regular MCom program in India.
MCom distance education makes you learn the minute details of the commerce industry. This professional PG program paves the way for different employment sectors and makes you serve the accounting, finance, and other business departments in various positions.
In the recent update from UGC, you are allowed to pursue two full-time UG or PG courses at one time. The only requirement for that is one of the degree courses must be in regular mode and the other one in distance online mode.
Graduates who have completed their BCom or other related programs from a recognized university in regular, online, or distance mode are eligible to apply for an MCom distance education program.
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