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What to pursue MBA in Finance or M.Com in Finance?

Admin | February 11, 2022

The career path in finance is quite lucrative, and in most cases, it offers us a myriad of career options to follow. So, how do we make sense as to which one is the best option for us? Is it MBA in finance that you should follow, or going forth with M.Com. in finance is the way to go? It is the primary reason why we thought of resolving this conflict once and for all. We have tried to pick up the major aspects of both the course and present a holistic view of the courses.

Course curriculum in MBA in Finance

Whether you go for MBA online classes or even the on-campus ones, the course structure is quite similar. The major tenet of MBA is that it is a two-year-long course that helps you in specializing in the domain of finance and business administration. The best thing about this course is that you will be able to garner in-depth knowledge about how a business runs and exactly, what are the factors that have to be kept in mind for the smooth and profitable running of the business.

Course curriculum in M.Com. in Finance

As the name would suggest, an M.Com. in Finance is a postgraduate master’s degree in the field of commerce. It is the extension of the course that you learn at your B.Com. level, and more intricate concepts are taken care of in the M.Com. degree. This course focuses on the subject matters of accounting, finance, mathematics, statistics, computer application, and other related subjects.

Career prospects – MBA in Finance

After you pursue a regular MBA on campus or even an MBA finance distance learning degree, the job opportunities put forth just take a boost. MBA trainees today have some of the highest paying job offers, and they do get offered high positions in business firms as well as in corporate settings. According to several reports, 3,00,000 MBA students graduate from top universities in India. The number itself showcases the popularity of the course among finance students. 

Here is a recent stat that justifies the popularity of MBA among aspirants: 

  • 97% of executive MBA students hold 13 years of industry experience
  • 89% of part-students have six6 years of experience
  • 89.6% of full-time MBA students have been working for 4+ years
  • 79% of MBA professionals join the renowned organization 
  • 10% of MBA students start their business

Average salary (fresher): INR 3,50,000 to INR 8,00,000 

Career options: with salary 

  1. Investment Banker
  2. Corporate Banking
  3. Human Resources
  4. Business analyst
  5. Project leaders

Average salary (fresher): INR 3,50,000 to INR 6,00,000

Career prospects – M.Com. in Finance

The career prospects for an M.Com candidate are a little bit different. Here the managerial positions are limited, however, you do get a myriad of options in the accounting and finance sector. Pursuing an M.Com. degree might also open government job opportunities. You can also choose to pursue a professorship in the domain.

Career options:

  1. Assistant account
  2. Cashier 
  3. Business Consultant 
  4. Personal Finance Consultant 

Average Salary: INR 3,50,000 to INR 6,00,000 

Skills that are important to pursue MBA and M.Com.

When it comes to the technical skillsets which are important for pursuing MBA and M.Com. in finance, the requirements are somewhat overlapping. These include an adept knowledge of using computers and knowledge of basic finance-related concepts. However, if you want to pursue MBA, there is an added need to have sound knowledge of various software and their usage.

The personal skillsets for an MBA and M.Com. both require you to be analytic, have good communication, teamwork as well as leadership skills. However, in the case of M.Com., you do need to have a better mathematical understanding.

Best option for pursuing MBA and M.Com. in Finance online?

The Covid -19 pandemic has completely transformed the way we pursue education, to say the least. Today online modes are well developed and highly accessible. If you are an aspirant in the field and want to pursue a master of business administration online degree or a master in commerce degree, Manipal University Jaipur is the way to go. They have got an array of great options when it comes to this sector and the faculty also deserves special mention.

Conclusion

Whether or not you want to pursue an MBA or M.Com. in finance is a subjective call depending upon your interest in the field. While an MBA is more suitable for managerial positions, M.Com. is perfect if you want to work in the field of commerce or want to be a professor or government job employee.

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