Completing a bachelor’s degree in commerce, economics, or business studies is a significant milestone in a student’s life. After graduation, students have a plethora of exciting career possibilities to pursue to shine brightly in the job market For all students wishing to pursue a master’s degree after graduation, the two greatest alternatives that will truly open the door to a successful career – a postgraduate degree in M.Com vs MBA – are the most popular professional trends.
Let’s take a look at an M.Com vs MBA comparison to decide the best option for you.
Overview: Difference Between M.Com and MBA
What is an MBA degree course?
MBA is a two-year master’s degree programme in business administration. This course qualifies you to work in a managerial role in your chosen sector. It is one of the best and most popular PG programmes. One of the most compelling reasons for students to pursue an MBA is the opportunity to learn about all elements of company management.
What is an M.Com degree course?
M.Com is the higher degree of B.Com. This two-year degree programme assembles the information you received in high school. You can also acquire decent jobs in various areas if you have an M.Com. Many students choose this degree as it is easy to locate a suitable college and because the value it provides and the professional opportunities it opens up is broad.
Reasons to pursue: M.Com vs MBA
Listing some of the reasons you should pursue M.Com and MBA to help you to take a learned decision.
Top reasons to pursue M.Com Degree Course
Various job fields:
Students with an M.Com degree have a wide range of options to develop their hidden talents. There are many available fields like
- Educational institutes
- Business consultancies
- Industrial houses
- Public accounting firms
- Foreign trade & banks
- Inventory control, budget planning
- Merchant banking
- Treasury and forex department
- Investment banking etc.
Better career advancement:
Earning an M.Com degree demonstrates perseverance, tenacity, intellectual power, and the capacity to deal with difficult situations, all of which are desirable attributes for managers and directors. Employees who have exhibited long-term success in a position that needs tenacity, discipline, leadership, and the ability to work effectively with others will be in line for advancement within their company.
Many commerce graduates receive substantial salaries, with packages varying from department to department, due to the wide range of job profiles and career sectors to pursue. Candidates with a few years of experience can be eligible for a high-paying position. Salaries are determined by the nature of the company and the type of job role that a student chooses as a career path.
Top reasons to pursue MBA Degree Course
Finance isn’t the only area of expertise:
Most commerce students believe that after completing their B.Com or BBA, their career options are limited to the finance industry. However, this is not the case. HR, Marketing, Operations, Business Analytics, and many other specialties are available in MBA programmes. These fields are also developing in response to the ever-changing work market.
If you have a B.Com degree and want to pursue an MBA, you can pick fields depending on your interests, core competencies, and career possibilities. An MBA is a professional degree that prepares you for the actual world of business and provides you with hands-on management experience even before you start climbing the corporate ladder. As a result, as a B.Com graduate, you can choose any MBA speciality with confidence.
Developing a holistic personality and managerial perspective:
There are certain similarities between B.Com and MBA topics and electives, so if you are a B.Com graduate, you may find it simpler to comprehend the MBA or PGDM programme than those with a Science or Arts background. However, B.Com is not the best education for learning and obtaining managerial abilities. As a result, an MBA is an ideal platform for you to establish and expand your managerial skills.
Professionals who are outstanding managers are in high demand in the business sector. Managers can demonstrate that they are not just capable of handling critical duties, but that they are also capable leaders. Domain knowledge is always advantageous, but understanding how to manage a team and a project to reach certain goals is the need of the hour.
Guaranteed growth with a practical learning approach:
The days of theoretical knowledge being sufficient for employment are gone. Companies now want experts with hands-on experience or some practical knowledge in their domain. You will be able to polish your understanding of business and management with a practical approach if you pursue an MBA after completing your B.Com or BBA. Experiential learning is the foundation of an MBA degree. Internships, live projects, industry visits, and case studies help you understand the business world.
Career options after M.Com:
CA (Chartered Accountant)
After M.Com, Chartered Accountancy, or CA has proven to be one of the most popular professional alternatives. You can take a test as soon as you graduate from high school, but it requires serious study. To practice professionally, you must complete a 2.5-year internship after passing the three stages of CPT, IPCC and CA Finals.
If you want to work in accounting or finance, the Association of Chartered Certified Accountants (ACCA) offers an ACCA course qualification. Multinational firms place a great emphasis on the two-year programme. However, you must complete three years of practical experience before becoming an official ACCA member. Graduates of this programme are incredibly popular with multinational corporations.
If you are concerned about what to do after your M.Com, a career as a Company Secretary (CS) would be most suitable for you. A Company Secretary (CS) is responsible for ensuring that public and private sector enterprises comply with legal and regulatory obligations. Foundation, Executive, and Professional are the three tiers of the CS course. Candidates must additionally complete 15 months of practical training before becoming an Associate CS and receiving an ICSI membership.
Certified Management Accountant (CMA) is a professional certification that requires candidates to pass two levels of exams and work for two years. This famous certificate is given by the IMA, a US-based organisation, and it has international recognition, making it one of the greatest courses after M.Com.
Individuals who have earned the CMA designation are recognised for their skills in two areas: managerial accounting and financial management. Financial analysis, planning, control, and decision support are all skills they should have.
After M.Com, CFA is one of the best courses. It gives a terrific entry into the world of investing and finance, and it is offered by the CFA Institute in the United States. Once you have completed the three tiers of the CFA programme, you will be able to work for some of the world’s most prestigious financial firms.
The Certified Public Accountants qualification is one of the most common post- M.Com employment alternatives. Individuals with a CPA license have a thorough comprehension of the Generally Accepted Accounting Principles (GAAP) and a strong accounting background. You must pass a four-part test to obtain the certification.
Let’s take a look at what CPAs perform in a business. Essentially, they conduct financial statement auditing and attestation duties, allowing investors to learn about a company’s financial health. Individuals and businesses can also get tax and financial planning guidance from them.
Still looking for choices before settling on a career path after M.com? In today’s volatile financial environment, risk management is a growing sector. If you’re searching for a short-term course, FRM is the best choice. You must complete a nine-month programme administered by the Global Association of Risk Professionals to receive the credential. The exams are held twice a year, once in May and once in November.
Career options after MBA:
Marketing managers are creative professionals who are responsible for the company’s recall and reputation in the market. Print or video commercials, public speaking engagements, endorsements, and printed material are all possible pictures.
A management consultant is someone who assists organisations in improving their performance by thoroughly assessing existing problems and providing solutions to give the company more efficiency.
When it comes to working, a management consultant must be creative, calm, and practical. Furthermore, a management consultant should be an expert in his industry and goal-oriented, so if you have a talent for solving issues and managing people in a crisis, coupled with exceptional communication abilities, then you might enjoy management consulting.
An investment banker is someone who collaborates with a banking institution and is responsible for generating funds for governments, organisations, or other entities with whom an investment banker is affiliated.
An investment banker is responsible for big, complex financial transactions, such as organising an acquisition, merger, or sale for a customer or group of clients. Investment bankers also advertise the risk of investing money in a future project and are heavily involved in raising funds through the issuance of securities.
A business analyst is a person who analyses and comprehends the demands of a business area or organisation to offer technology solutions that are cost-effective and include computer procedures. Furthermore, they manage a project’s or an organisation’s requirements and communicate them to stakeholders, facilitators, and possible partners. It is yet another excellent profession available after MBA.
A business analyst’s responsibilities include helping with the strategic plan, monitoring and evaluation, gathering requirements, translating and streamlining educational requirements, management and communication.
Financial advisers are specialists that recommend and provide financial advice to their customers depending on their specific situation. A financial adviser is frequently seen as a planner, instructor, or collaborator in all aspects of your financial life.
A financial advisor can help you invest wisely and achieve your goals. He is the trailblazer for your finances and advises you on your long-term objectives. Financial advisors are experts in their field and are responsible for the problem, understanding how to grow, and acknowledging situations to take necessary action.
A product manager’s job includes handling and developing new goods for an organisation or firm. As a product manager, you will be responsible for developing commercial strategies and overseeing the functional educational needs required to produce a physical or virtual product. Product managers give the in-depth product knowledge required to lead a company and make strategic product choices.
Which is better for you – M.Com vs MBA?
M.Com and MBA degrees are recognised as some of the top PG programmes in India and across the globe. After you have gone through all the reasons and career scope for both M.Com and MBA courses, it should be rather simple to make a choice. You must make a decision depending on your interests as well as your skillset.Your future objectives can help you make a better decision.
It’s essential to understand what you want from life. What are your goals? Before enrolling, consider all the reasons to know whether M.Com vs MBA is better. You must know your interests based on the career path offered by M.Com and MBA after postgraduation.
Want to become a future-ready professional?
The online MBA programme at Manipal University Jaipur is one of the best ways to acquire relevant skills. Attend classes at your convenience, from the comfort of your homes. Designed for you to study effectively & get a career boost.