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Online M.Com Universities
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Updated at : November 11, 2024DOWNLOAD E-BOOK
Online M.Com Course
Online M.Com is a postgraduate degree for 2 years that covers the advanced details of various areas of commerce like banking, insurance, accounting, etc. If you are interested in financial studies and want to learn more about topics like monetary transactions and analytical skills that are used to run a business, then MCom is an apt course for you. The flexibility offered by this online master’s program is even beneficial for working professionals who do not want to quit their jobs for knowledge upgradation.Watch Video
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Online M.Com Program Overview
An M.Com degree in India can be obtained through the regular mode or online mode with newer innovations in education. The online M.Com course is designed according to the current education system and helps learners gain the same knowledge and skills as they would through an offline regular course. Additionally, in an online learning course, the students can pursue a Master’s degree in Commerce, and owing to the greater flexibility of learning, also take up a job or other engagements alongside.
Why Online M.Com?
Are you a working professional or a fresh commerce graduate & need to pursue a master’s degree? Well, an online MCom can help you with this. This flexible master’s program makes you learn advanced topics while allowing you to continue your job or other personal commitments. Some of the key factors that have made online M.Com this popular are listed below:
- High Flexibility: This online PG program offers a great level of learning flexibility that fits quite well in the busy schedules of working professionals & students.
- Budget-Friendly: The low fee structure of this online program in comparison to the regular one is the major reason for the popularity of this program.
- Career Advancements: The addition of a postgraduate degree to your resume not only adds to your knowledge but helps you climb up the organizational ladder.
- Salary Hike: An online master’s program in commerce improves your career opportunities which will ultimately enhance your salary packages by around 40-50%.
- International Networking: The online portals & forums developed by universities for student-teacher interaction in this online course connect you with your peers, alumni, and field experts from all around the world. This expands your professional network & helps you in choosing a suitable career for yourself.
- Admired by Top Firms: This online master’s program makes you learn theoretical concepts & practical implementations via job experience at the same time. This blend of conceptual & application-based learning makes the online MCom graduates a preferred choice for the top recruiters.
Who Should Pursue Online M.Com?
This online master’s program is quite popular among commerce graduates & is mostly taken up by them for a long & meaningful career in the same domain. Because of the flexibility that this program offers, it is even the best fit for working professionals as it does not force them to quit their jobs for learning.
When to Do an Online M.Com?
After completing your graduation from a commerce field, you can enroll in this online program. However, if you entered the corporate world right after your graduation & served an organization, you still have the opportunity to get a postgraduate degree without leaving your job with this online course. Moreover, the relaxation in the age limit by the universities offering this program makes it even more accessible to all the finance aspirants out there.
Popular and Affordable Online M.Com Universities in India
|
Universities Offering Online M.Com |
NIRF Ranking 2024 (University Category) |
Starting Fee Range (Might Vary) |
|
7 |
90,000 INR |
|
|
20 |
1.30 Lakhs INR |
|
|
27 |
84,000 INR |
|
|
32 |
1.10 Lakhs INR |
|
|
64 |
1.00 Lakhs INR |
|
|
66 |
1.00 Lakhs INR |
|
|
Ranked In 151-200 |
9,0000 INR |
Key Highlights of Online M.Com In India
- Online M.Com is a Master's degree in commerce through online/virtual learning. This master’s degree will help you pursue higher education without physically attending lectures in offline mode.
- In this course, the students will learn the financial concepts and skills that help them administrate a business.
- This course provides students with time flexibility so that they can attend lectures based on their convenience.
- With an updated course curriculum, recorded lectures, & digitized academic resources at the LMS portal, you can enhance your financial knowledge at your pace of study from anywhere around the world.
- The duration of the online MCom course is 2 years, subdivided into 4 semesters.
- The online MCom course is cost-effective and the average fee is about Rs. 30,000 to Rs. 1,00,000 depending upon whether you pursue it from a government or a private organization.
- Online MCom is open to all aspirants including international candidates with some additional eligibility specifications.
- For applying to Masters in Commerce the applicant must be a graduate, with preferably a background in commerce.
- An online MCom degree will enhance your knowledge and upgrade your career and credentials by equipping you with the same industry recognition that you expect from a regular MCom program.
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Online M.Com Course Subjects/Syllabus
The course structure of this online program covers a range of basic to advanced-level topics. These topics may vary based on your choice of university, however, the syllabus of the general online MCom is listed here to give you an overview.
|
Semester I |
Semester II |
|
Managerial Economics |
Advanced Financial Management |
|
Quantitative Techniques |
Research Methods and Statistics |
|
Professional Business Communication |
Advance Corporate Accounting |
|
Research Methodology |
Microfinance Management |
|
Business Environment and Regulatory Framework |
Marketing Management |
|
Marketing Management |
International Financial Reporting Standards |
|
Financial Reporting & Analysis |
--- |
|
Semester III |
Semester IV |
|
Entrepreneurship |
Capital Market and Financial Services |
|
Supply Chain and Logistics Management |
Tax Planning and Procedure |
|
Family Business Management |
Business Finance |
|
Research Project Report |
Digital Marketing |
|
Security Analysis and Portfolio Management |
Corporate Social Responsibility |
In addition to these theoretical topics, application-based knowledge is gained in this online program by working on industry projects. These projects are based on real-time case studies of the commercial field which help the learners to understand the level of difficulties they will have to handle in the job field.
Other Types of M.Com
Some other popular types of M.Com are mentioned here that can give you clarity on which one to choose based on your specific needs.
Regular M.Com: A regular Master in Commerce degree or M.Com is a PG program that provides you with a detailed knowledge of finance & accounting. In the 2 years of this course, you will gain advanced-level expertise in the field that will open your doors to a plethora of career opportunities. This high-demand program can easily place you in the banking & other finance-related sectors of the industry.
Top Universities for M.Com As Per NIRF Ranking 2024
Here is a list of the top 10 best universities in India as per the NIRF Ranking 2024.
|
Universities/Institutions |
NIRF 2024 Ranking in University Category |
|
Jawaharlal Nehru University |
2 |
|
Jamia Millia Islamia |
3 |
|
Manipal Academy of Higher Education-Manipal |
4 |
|
Banaras Hindu University |
5 |
|
University of Delhi |
6 |
|
Amrita Vishwa Vidyapeetham |
7 |
|
Aligarh Muslim University |
8 |
|
Jadavpur University |
9 |
|
University of Hyderabad |
17 |
|
Calcutta University |
18 |
Distance M.Com: Distance M.Com is a blended learning format that was earlier famous in the name of correspondence education. In this mode, you do not need to attend classes daily as you have a fixed schedule for it over weekends or in the evening. Moreover, with easy access to regional centers, you get constant academic & technical support throughout the program.
Part-Time M.Com: Part-time M.Com is a mix of online & distance M.Com. In this, you will have a weekend or evening class schedule along with 24*7 available digital study material for self-study. The option for attending physical lectures makes this format of learning more flexible than a distance learning program in the same domain.
Here is a table that enlists all the key differences between regular m.com, distance m.com, online m.com, and part-time m.com.
|
Specifications |
Regular M.Com |
Distance M.Com |
Online M.Com |
Part-time M.Com |
|
Flexibility Level |
None |
Low |
High |
Moderate |
|
Location Constraints |
Yes |
Yes |
No |
May or may not be there |
|
Fee Range |
High |
Low |
Affordable |
Affordable |
|
Technological Advancements in Learning |
Moderate |
Low |
High |
Moderate |
|
Course Duration |
2 Years |
2-4 Years |
2-4 Years |
2-4 Years |
|
Industry Exposure |
Mostly domestic with limited international opportunities |
Mostly Domestic |
Global |
Global |
|
Class Schedule |
Daily |
Fixed Timings |
Flexible |
Flexible with certain class timings |
|
Industry Acceptance |
Very High |
Equivalent to regular MCom |
Equivalent to regular MCom |
High |
Online M.Com Eligibility & Duration
The candidates who are willing to pursue online MCom must fulfill the following eligibility criteria:
- The candidates must have a bachelor's degree from a recognized university.
- The candidate must have 45% to 50% aggregate marks in graduation.
- The candidates must have the required knowledge to pursue an online MCom course (helpful if from a commerce/mathematics background).
Online M.Com Duration: The duration of an online M.Com is 2 years and the entire curriculum of the program is divided into 4 semesters. However, the maximum duration of the online program is 4 years and so, the program is flexible and suitable for working professionals.
Skills Required for Online M.Com
If you are willing to develop a long-term & meaningful career in the finance sector of the industry, you must have some basic skills apart from a relevant master’s degree like online MCom. A brief of these skills is provided here to help you assess your potential.
- Basic Mathematical Foundation: As a commerce graduate, you must possess a sound knowledge of basic mathematics. This will help you understand advanced-level topics quickly & with more clarity.
- Knowledge of Microsoft Excel: MS Excel is a basic application that is useful to all professionals but holds a special position in a commerce graduate’s life. If not advanced, you must have a basic knowledge of Excel formulas that highly reduce your efforts at work.
- Familiar with Accounting Applications: Being a commerce graduate, you must have heard or even used a lot of accounting software like Tally, SAP, Quickbooks, etc. A detailed understanding of their operation will help you in the long run in your career.
- Communication Skills: Verbal & non-verbal communication skills are the basic skill set that every professional must possess. Your negotiating & convincing abilities can get your work done effortlessly.
- Team Management Skills: Getting an online MCom degree will help you get placed at the head or managerial profile & for that, you must possess a leadership quality within yourself. This will help you manage your teammates & make quick decisions for the well-being of your organization.
- Problem-solving Skills: Great presence of mind invokes quick problem-solving skills which is desired in both personal & professional life. As a finance professional, you must have an active mind to handle a variety of issues that your clients face.
- Numeracy Skills: Since you are planning on building your career in the commerce field with an online MCom program, you must have a strong aptitude for numbers. Your strong knowledge of data management, taxes, finance, & banking will give you an edge over the others.
Is an Entrance Exam Conducted For an Online M.Com?
The best part about online M.Com is that it is generally offered on an entrance exam-free admission process. This makes this online PG program not only accessible but feasible for all commerce aspirants. Although the provision of direct admission is there still there are some universities that demand passing marks in the entrance tests. Thus, you need to check the process of admission to your university before finalizing it. A list of common exams that are generally conducted or considered by universities for the M.Com program is given below:
| Online M.Com - Entrance Exams | |
|
Common University Entrance Test (CUET) PG |
Delhi University Entrance Test (DUET) |
|
Banaras Hindu University Postgraduate Entrance Test (BHU PET) |
Uttaranchal University Entrance Examination (UUEE) |
|
Punjab University Common Entrance Test (PU CET) |
Suresh Gyan Vihar University Entrance Exam (GVSAT) |
Recommended Books
Some of the popular reference books that you can read while preparing for the M.Com entrance exam are listed below:
|
Books |
Author Names |
|
Advanced Accounting |
S.N. Mageswari |
|
Company Law |
Avtar Singh |
|
Business Mathematics |
Ranganath, Sampangiram, Rajaram |
|
Law of Contract & Specific Relief |
Avtar Singh |
|
Financial Accounting |
R.L. Gupta |
|
Principles of Economics |
Case Fair |
|
M.Com Entrance Test Guide |
Sima Kumari |
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Program Fees for Online M.Com
Starting at ₹ 6,776/month
Program Fee: ₹7,600 - ₹2,05,200
Low Cost EMI Available
Recommended
The fee of any course is a varying parameter that is revised almost every year by the universities. Thus, to get an exact idea of the fee packages one needs to visit the official webpage of the chosen university before starting with the admission procedure.
Online M.Com Domestic Fee: This online master's degree is quite affordable & costs you a minimum of 30,000 INR. This fee package goes up with a variation in your university choice & can reach a maximum amount of 1.5 lakhs. This range in the fee package of this program is just a reflection of the variations that universities provide in their tuition fees, special discounts, & inclusion of taxes.
Online M.Com International Fee: The total fee of an online MCom program for international applicants costs around $4,000 to $5,000. This package is again a variable that keeps varying with your university choices.
Online M.Com Admission Procedure
If you are interested in the online M.Com program, you need to first match the eligibility requirements of this course. After fulfilling that, you can proceed with the admission process as mentioned below.
- Visit the official website of the university to start the registration process and apply for the course.
- Register yourself as a new user using your email ID and contact number.
- Fill out the application form along with your details.
- Submit the digital copies of necessary documents on the website for the verification process by the university.
- Next, you need to submit the academic fee via any mode of payment available on the website (Net Banking/ UPI Payment/ Demand Draft, etc.)
- Lastly, you will get a confirmation mail from the side of the university after your application has been reviewed and accepted.
The confirmation mail will contain your LMS credentials & student enrollment number using which you can access the digital academic resources with immediate effect.
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Top Specializations for Online M.Com in 2024
Education Loan/EMI Facilities for Online M.Com
There are a varied number of benefits that are associated with an education loan facility. The major one of these benefits is funding your education which eases the responsibility of your education from the shoulders of your parents. One gets various tax-related benefits when applying for an education loan. Moreover, the option of an education loan is available for both domestic & international applicants that can be easily paid after the completion of the program through monthly EMI installments. So, isn’t great to opt for such a thing that provides such benefits to an individual. Don’t think this much and start a journey to fund your education.
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Is Online M.Com Worth it?
A professional master's degree in commerce is vital for your career if you plan to serve the commercial domains of the industry for a longer period. An online MCOM makes your learning journey convenient & allows you to learn in a flexible format along with your job. A deep & advanced knowledge of finances makes you a competent professional in the commercial field. The skills developed through this online program improve your decision-making & problem-solving abilities ultimately enhancing your work efficiency.
Due to the high demand for commerce graduates in the accounting & finance industry, the scope of MCom professionals is quite promising. With the entitlement of this degree, you can elevate your career in both design & financial terms. The choices of specializations in this program provide you with a vast range of career opportunities in different sectors where you can apply & secure a well-paying job based on your interest.
College Vidya Advantages
Job Opportunity after Online M.Com
An online M.Com degree opens up the path to many career avenues in financial fields. The degree holder can apply for posts like a financial manager, accountant, audit officer, business analyst, etc. in top companies, MNCs, banks, and finance hubs.
The students can pursue courses like CA, CS, FMS, or any related courses along with the degree or after completion as part of their higher education. After completing the online MCom course, students can get a good salary package of an estimated amount of approx 4 LPA to 6 LPA which only hikes further with years of experience. Online Degree Course You May Be Interested In - Online MCA Courses In India
Source: Payscale
There is a plethora of job opportunities available in the commerce and finance industries after pursuing an online M.Com. Students can also venture into banking and related fields after completing this course. Here is the list of job opportunities that are available after an online MCom:
| Jobs after Online M.Com | ||
|
Assistant Accountant |
Business Consultant |
Finance Analyst |
|
Accountant |
Executive Assistant |
Corporate Analyst |
|
Stock Broker |
Finance Manager |
Operation Manager |
|
Corporate Banker |
Investment Banker |
Business Analyst |
Top Recruiters for Online M.Com
The degree of online MCom can make you explore career options even in the top MNCs due to its advanced & industry-relevant curriculum. The starting package that you can expect upon completion of this master's degree at these firms is 4 LPA which keeps on increasing with your experience & knowledge. Moreover, the job surety that you get with this professional degree ensures your long-term career in this field.
Our students work at
ICICI Bank
Amazon
Axis Bank
Dunzo
H&M
Let's clear up some doubts about Online M.Com
Here are a few of the best universities for Online M Com:- IGNOU, University of Delhi, Lovely Professional University, Amity University, etc.
The candidate should be a graduate in any stream (preferably commerce/mathematics) with a minimum of 45% to 50% aggregate marks. Exact eligibility criteria vary from one university to another.
It varies from university to university, but most universities take applicants for this course based on their pre-decided eligibility criteria. However, some may take an entrance examination for screening of applications.
Online M.Com is a 2-year program with 4 semesters. The maximum period of completion of the course is 4 years.
The average fee for online M.Com varies between INR 30,000 to INR 1,00,000 depending on the university/college you take up the course from.
Some of the popular specializations for online M.Com are Strategic Management, Cooperative Management, International Management, Marketing Management, Banking and Finance, Financial Accounting, etc.
Education loan provides a great opportunity for the student to fund their education without being a need to depend on their family.
Online MCom is a UGC-DEB-approved course, thus, it is equally recognized in the industry as a regular one. Moreover, the benefits it offers in learning mode make it worth your time & money.
Online MCom offers a range of opportunities at quite good salary packages including the Big 4 firms, i.e., Deloitte, Ernst & Young, PricewaterhouseCoopers, and KPMG.
In the online MCom program, everything starting from registration to exams follows an entirely online process. Even the results & degrees are awarded in the virtual mode. For a hard copy of the degree, you might need to contact your university’s examination wing.
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