Imagine you study at a superhero academy and you have just finished your basic training. Now, you must pick your superpower. Similarly, after BCom, you must pick your area of specialisation. Online MCom sharpens your brain with numbers, theory and research. Whereas an online MBA teaches you how to lead teams, pitch ideas and increase business scope. But which one is better for you after BCom? Since both are beneficial and good courses, the decision is not easy.
Decide whether you want to deep dive into accounting and taxation or master operations and marketing. MCom makes you a subject matter expert and an MBA turns you into a business strategist. This blog would help you differentiate between these two and choose the right one.
Let’s decode MCom and MBA courses for you and find which is more suitable to pursue as courses after BCom.
What Do You Learn in an Online MCom?
Online MCom is all about core financial knowledge. It’s specifically designed for students who wish to become experts in commerce-related subjects. The main focus here is on academics and theoretical concepts. Online MCom is the go to choice for those looking forward to sharpen your knowledge on commerce subjects. In online MCom, you study the following subjects:
- ·Advanced financial accounting
- Corporate laws
- Managerial economics
- Income tax and GST
- Research methodology
- E-commerce and digital business
- Banking and insurance
What Will You Learn in an Online MBA?
An online MBA is more dynamic and interactive. It prepares you for managerial and leadership roles in the industry. Apart from the coursework, there would be case studies, group projects, marketing pitches and internships. Core subjects you study in an online MBA are:
- ·Quantitative methods of business
- ·Business law
- Finance and accounting
- Marketing
- ·Human resource management
- ·Operations management
- Strategic management
While the core areas are generally the same in the first semester of an online MBA, the syllabus would be different as per the specialisation you choose and the university.
Now, lets talk career paths.
Career Opportunities after MBA vs MCom
You might have heard some random person say that all degrees lead somewhere. But where do MCom and MBA degrees land you exactly? Let’s clear it up with some common job roles:
Top Career Opportunities after Online MCom:
- Tax Consultant
- Assistant Professor
- Financial Analyst
- Audit Officer
- ·Banking Officer
- · Accountant or Bookkeeper
Top Career Opportunities after Online MBA:
- Business Analyst
- Marketing Manager
- HR Business Partner
- Finance Manager
- Operations Head
- Entrepreneur
MCom usually sticks to core commerce sectors, whereas, MBA is more cross-functional. With an MBA, you can jump industries, try out different roles and even reach managerial positions faster.
How Much You Get Paid after Online MCom vs Online MBA?
Salary is an important factor when making a choice for your career. Your earnings would depend on your skills, experience and the industry. All this depends on the degree and job role you have applied for.
Here’s a rough idea of how much you can earn after an online MBA and online MCom.
Salary after Online MCom:
- Tax Consultant: INR 3 to 12 LPA
- Assistant Professor: INR 2 to 7.5 LPA
- Financial Analyst: INR 6.3 to 13.5 LPA
- Audit Officer: INR 3.4 to 8 LPA
- ·Banking Officer INR 4 to 7 LPA
- ·Accountant: INR 3.4 to 6 LPA
Salary after Online MBA:
- Business Analyst: INR 7 to 18 LPA
- ·Marketing Manager: INR 6 to 12.9 LPA
- ·Finance Manager: INR 8 to 17.3 LPA
- Operations Head: INR 5.5 to 16 LPA
- ·Entrepreneur: INR 3 to 17.3 LPA
Please note that the salary of each job role depends on various factors, so this is an average range.
Who Should Choose an Online MCom over an Online MBA?
If you are still confused, think about your interests and long-term goals. Not everyone wants to build a startup or is enticed by the business field. Some prefer academic achievement and subject expertise. So, go for an online MCom if:
- You wish to enter the research field and enjoy analysing numbers.
- ·You plan to clear competitive exams like UGC NET.
- ·You intend to pursue CA, CS or CFA alongside.
- ·You are looking for a low-cost degree with good returns in the commerce field.
Who Should Choose an Online MBA over MCom?
An MBA serves a different purpose. It prepares you for fast-paced growth and unpredictable markets. So, go for an online MBA if:
- You want to pitch for managerial roles or leadership positions.
- ·You aim to switch careers.
- ·You want a 50% to 100% salary hike.
- ·You wish to build a career in sales, marketing or consulting.
- ·You plan to enter the management side of the commerce field.
Takeaway
Whether you want an office with tax files or a buzzing boardroom, your postgraduate course should reflect that. An online MBA lets you master the game of business at a higher level, while an online MCom is your way to win in the core commerce field. Identify your long-term goals and what you expect to learn, and you will be sorted.
