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online mcom program

Updated at : May 2, 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.

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Universities

10

Duration

2 Years

Eligibility info

Graduation Pass out

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 to pursue MCom

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 & serving 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 2023 (University Category)

Starting Fee Range (Might Vary)

Manipal University Online

6

1.00 Lakhs INR

Amrita University Online

7

90,000 INR

Chandigarh University Online

27

1.30 Lakhs INR

Amity University Online

35

1.10 Lakhs INR

Lovely Professional University (LPU) Online

38

84,000 INR

Jain University Online, Bangalore

68

1.00 Lakhs INR

Sikkim Manipal University Online (SMU) Ranked In 101-150 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. 

Online M.Com Course Subjects

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.

Top Specializations of Online M.Com

An online MCom is offered in a range of specializations but here is a list of some best online MCom course specializations that can help you achieve your career goals at a faster pace. 

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 2023

Here is a list of the top 10 best universities 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

University of Delhi

11

Calcutta University

12

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 a 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

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:

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

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.

admission procedure

The confirmation mail will contain your LMS credentials & student enrollment number using which you can access the digital academic resources with immediate effect.

Why Opt for an Education Loan for an Online M.Com Program?

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.

Online M.Com Academic Fees

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.

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.

Job Opportunities 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.

Job Opportunities After Online M.Com

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

MCom Salary

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:

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

The degree of online MCom can make you explore career options even in the top MNCs due to its advanced & industry-relevant curriculum.

Top Hiring Firm for M.Com

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.

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 on the basis of their pre-decided eligiblity criteria. However, some may take an entrance examination for screening of applications. 

Online M.Com is a 2-years 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. 

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