Key concepts you will learn in SMU’s online MCom

Master of Commerce or MCom is a Master’s-level degree program offered to postgraduate students who aspire to pursue lucrative careers in the finance and corporate sectors. The course is rather comprehensive, covering a detailed overview of various domains of study, such as accounting, economics, commerce, and management. MCom is offered both as an on-campus degree and online. Sikkim Manipal University offers online MCom degree programs via Online Manipal. 

The course intends to impart students with foundational knowledge in finance, opening up career pathways in investment banking, consultancy, chartered accountancy, auditing, and more. This blog enumerates the curriculum highlights of SMU’s online MCom program, offering a detailed overview of what the program offers to students.

Key subjects covered in MCom

To better understand what MCom courses teach students, let us take a quick look at the focus study areas of the program. Explained below are the key subjects that are covered in MCom courses:

• Financial Reporting & Accounting: This is one of the main subjects taught as part of MCom courses, both on campus and online. The subject teaches in detail various concepts such as profits & dividends, accounting for NGOs, cash flow statements, recording transactions, and the like.

• Corporate Financial Management: This area studies in depth the role of managerial finance and the workings of the financial market. Students are also better able to understand the risk and return of stocks, bond valuation, and similar concepts.

• Cost Analysis & Control: As the name suggests, students are encouraged in this subject to understand keenly the process of analyzing costs in an organization and to determine appropriate measures of controlling them in the larger interest of the company. 

• Audit & Assurance: This is yet another area of study in MCom courses, helping students understand the role of auditing company records and providing assurance to the concerned stakeholders about the reliability of the annual financial statements and records.

• Management Accounting: Students learn the key skills of assisting the management in making expert business decisions concerning the company’s financial performance. The course equips students with the essential tools and techniques for this skill.

• Business and Economic Laws: This area of study in online MCom courses intends to acquaint students with the legal business and economic laws in the country that govern the smooth functioning and/or conflict-resolution situations in real-world business environments. 

MCom course curriculum

Sikkim Manipal University offers online MCom courses to aspiring students. The curriculum of the program is listed below. More emphasis is laid on practical applications of MCom concepts in SMU’s program, which is designed for a total duration of 2 years, divided into 4 semesters.

Key skills you will gain after MCom

After pursuing an online MCom degree, you can expect to gain the necessary skills and knowledge required for pursuing a suitable career path of your choice. Some of the key skills that the course equips students with include:

• Budgeting: A vital skill in the financial management domain, it can come in handy at critical times. Students learn how to devise a perfect budget plan to manage the company’s limited resources effectively and put them to the best use possible.

• Accounting: It is one of the most essential skills learned in MCom courses. Students learn to manage financial accounts and transactions and maintain records for future reference or decision-making.

• Financial management: Students are prepared to get involved in crucial roles such as planning and controlling financial transactions, and also assisting the management in making decisions concerning the company’s financial assets. 

• Risk management: One of the most important skills to possess for anybody working in the finance sector. Identifying and controlling risks in due time to the company’s financial resources and assets is critical.

• Business skills: These are particularly helpful in analyzing situations from the perspective of the organization and being able to think through problems and come up with appropriate solutions.

• Critical thinking: It is a rather essential skill required in intricate financial matters that must be carefully and patiently thought through, observed, and analyzed before making a decision. 

Careers after MCom

The industry relevance of SMU’s online MCom program is reflected in the availability of high-paying, reputable jobs for graduates in relevant industries. Some of the top job roles, along with their corresponding annual expected salaries, are given in the table below:

Conclusion

MCom courses are ideal for students who foresee a promising career in the world of finance, investment banking, and other relevant industries. The advanced program offered to postgraduate students helps them delve deeper into the world of finance and accounting, preparing them for real-world business challenges.  

Sikkim Manipal University offers online MCom degrees to aspiring students via the Online Manipal platform. Students can now learn at their own convenient pace and learn comfortably at home. The degree enjoys just as much credibility and acceptance as a traditional campus degree. Moreover, the faculty expertise in SMU’s online MCom program makes it much sought-after by students. 

After completing the degree, there are plenty of networking opportunities for online MCom students at SMU to pave their career pathways in relevant job roles.