MCom Vs MBA: Which is Better for Career Opportunities?
The major difficulty commerce students face after completing their undergraduate degree is whether to opt for an MCom (Master of Commerce) or an MBA (Master of Business Administration). Both of these degrees are excellent choices for management aspirants, however, some differences set them apart.
MBA and M.Com are both postgraduate degrees in the field of management, however, the difference lies in the course curriculum and approach of the two courses. While they may seem similar, MBA programmes focus more on the practical aspects and experiential knowledge of the concepts. M.Com is more on the theoretical side. Management degree aspirants can choose from both of these degrees, however, the scope and career aspects may be different.
MBA and M.Com are amongst the most popular postgraduate degrees pursued by management aspirants. In this article, we will learn about both of these degrees in detail, their similarities and differences, benefits, scope, career opportunities, and fee details.
What is an MBA degree?
Master of Business Administration or MBA is a popular professional degree in the field of management. It is generally of two-year duration, spread across six semesters. It has long been recognised as one of the highest-paying degrees in the world. It provides students with advanced knowledge of business and managerial concepts, along with good practical knowledge. After graduation, students can apply for many medium to senior-level job roles and earn good salary packages.
What is an M.Com degree?
Master of Commerce, popularly known as MCom is another promising management degree. The course duration is also similar to an MBA, which is two years. The course curriculum provides in-depth knowledge of subjects such as commerce, finance, management, and economics. Unlike an MBA, an M.Com degree is generally focused more towards a theoretical understanding of the concepts.
M.Com vs MBA
After their under graduation, many students are confused about whether to choose an MCom or an MBA degree. The difference lies in their approach to education. While an MBA focuses on providing broader business knowledge and skills, an M.Com specialises in a specific field of management, which is commerce. In the table below, we have provided a comparison of both degrees.
Particulars | MCom | MBA |
|---|---|---|
Full Form | Master of Commerce | Master of Business Administration |
Degree Level | Postgraduate | Postgraduate |
Eligibility Criteria | Bachelor’s degree from a recognised institute in India | Bachelor’s degree from a recognised institute in India |
Admission Process | Entrance exam+GDPI | Entrance exam+GDPI |
Fees (for the entire duration) | Rs. 35,000 to Rs. 50,000 | Rs. 50,000 to Rs. 25 Lakhs |
Job Profiles | Chartered Accountant, Company Secretary, Accountant, Business Analyst, Investment Banker | Finance Manager, Marketing Manager, HR Manager, Business Analyst, Sales Manager |
Top Recruiters | Deloitte, KPMG, Accenture, HDFC Bank, ICICI Bank, Bain and Company | Google, Citibank, ITC, Larsen and Toubro, Amazon, Wipro, TCS |
As per the table above, it is clear that an MBA is an expensive degree as compared to an M.Com. However, the return on investment is also on the higher side. The admission process and eligibility criteria for both degrees are very similar.
MCom vs MBA- Which is Better?
It is very difficult to decide which of these two degrees is better. Both of these degrees provide a promising and high-paying career. However, there are some major points to consider before pursuing each of these degrees. Listed below are some of the key aspects of these degrees.
- MBA is a professional degree that prepares graduates for a variety of job profiles and allows them to earn decent salaries.
- M.Com programmes are more affordable as compared to an MBA degree. Therefore, students having financial constraints can apply for an M.Com degree.
- While an MBA is an expensive degree, it also provides a chance to earn good salary packages, good networking opportunities, professional experience and job-suitable skills.
- M.Com is more focused towards theoretical aspects related to the field of commerce. Therefore, students will have an in-depth understanding of a particular field.
- An MBA generally provides knowledge of broader business concepts, therefore students can choose their preferred area of specialisation depending on their future goals and aspirations (Finance, Marketing, or Human Resource Management).
MCom and MBA Career Opportunities and Average Salary
In the table below we have discussed the average salary of some of the popular career opportunities after MCom and MBA. Students should decide on the job role as per their preferences and future aspirations.
MBA Average Salary
Job Profiles | Average Salary |
|---|---|
Business Analyst | Rs. 9.8 LPA |
Marketing Manager | Rs. 12.7 LPA |
Human Resource Manager | Rs. 4.4 LPA |
Finance Manager | Rs. 17 LPA |
MCom Average Salary
| Job Profile | Average Salary |
|---|---|
Chartered Accountant | Rs. 10.7 LPA |
Company Secretary | Rs. 9.3 LPA |
Accountant | Rs. 3.21 LPA |
Conclusion
To conclude, it is very difficult to judge which degree is better, it depends on the individual preferences, and their future goals and preferences. Candidates are advised to check all the course details before applying for admission. Both MBA and MCom are promising choices, however, both have their own pros and cons.
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Questions related to MBA
To get admission into the NAARM MBA program , which is officially called a PGDM-ABM (Post Graduate Diploma in Management - Agri Business Management), candidates need to apply online, take the CAT or CMAT entrance exam, followed by a shortlisting based on their scores, and then appear for a Group Discussion (GD) and Personal Interview (PI) on campus; the final selection is based on a combination of their entrance exam score, performance in GD/PI, and academic record, with a strong emphasis on agricultural business related skills and experience.
Reservation criteria is same here as other MBA colleges set by government of india i.e
Scheduled Caste (SC): 15% of seats
Scheduled Tribe (ST): 7.5% of seats
Economically Weaker Section (EWS): 10% of seats
Other Backward Classes (NC-OBC): 27% of seats for candidates belonging to the “non-creamy” layer
The CAT cutoff percentiles for the 2024-26 PGDM-ABM batch at the ICAR-National Academy of Agricultural Research and Management (NAARM) are as follows:
General: 75.14
EWS: 38.00
NC-OBC: 44.16
SC: 72.980
for a NAARM MBA PREPARATION interview (specifically their PGDM Agri-Business Management program), focus on thoroughly researching NAARM's curriculum, emphasizing your agricultural background and business acumen, practicing answers to common MBA interview questions, and showcasing your passion for the agri-business sector, while also being ready to discuss your career goals aligned with NAARM's focus on rural development and sustainable agriculture practices.be genuine with your answers.
Hello
The CMAT (Common Management Admission Test) cutoff for MBA programs varies depending on the college , program and category of the applicant .
Here’s a general idea:
Top Colleges CMAT Cutoff (Percentile or Score):
1. JBIMS Mumbai : 99.9+ percentile (Score: 320–350)
2. SIMSREE Mumbai : 99+ percentile (Score: 310–330)
3. K J Somaiya Mumbai : 95+ percentile (Score: 280–300)
4. Welingkar Institute, Mumbai or Bangalore : 80–90 percentile (Score: 250–270)
5. Great Lakes Chennai : 90+ percentile (Score: 270–290)
Tier 2 & 3 Colleges :
These colleges may have a lower cutoff , generally between 60–75 percentile (Score: 180–240) .
Category-Wise Relaxation :
Candidates from reserved categories (SC/ST/OBC/EWS) may benefit from relaxed cutoffs , depending on the college .
For more details check link :
https://bschool.careers360.com/articles/cmat-cutoff-category-wise-qualifying-marks
Thank you
The Common Management Admission Test (CMAT) is a National Level Entrance Examination for admission to Management Programme(s) in the country. This Test facilitates AICTE affiliated participating Institutions to select suitable graduate candidates for admission to the Management Courses in such Institutions.
Many top MBA colleges accept CMAT score, usually cutoff is around 95 percentile which is between 250 and 360 out of 400 total marks.
CMAT CUTOFF is changes every year but not that much so you can expect the same this year too but it is not confirm so you can wait till the CMAT CUTOFF ANNOUNCED.
GOOD LUCK!!
Hello aspirant,
The cost of a two-year, full-time MBA program in India ranges from INR 20,000 to INR 40 lakh. Examine the spectrum of MBA college fees in India and learn why they differ amongst educational institutions. The full-time MBA program in India costs between INR 20,000 to INR 40 lakh.
To know all the necessary details, you can visit our site through following link:
https://bschool.careers360.com/colleges/list-of-mba-colleges-in-india
Thank you
Hope it helps you
Hello,
Congratulations on your successful completion of your Bachelor of Pharmacy (B.Pharm) degree, Arun! Pursuing an MBA is an excellent way to diversify your skill set and provide leadership roles in healthcare, pharmaceuticals, and beyond. Here's a guide to help you choose a specialization and colleges:
Best MBA Specializations for Pharmacy Graduates
- Pharmaceutical Management: Suitable for pharmaceutical management in healthcare companies, drug development, and regulatory affairs.
- Healthcare Management: Focuses on hospital administration, healthcare consulting, and public health policies.
- General Management: Opens broader career paths in strategy, operations, and business leadership.
- Finance: Suits those interested in budgeting, resource allocation, or investment in healthcare industries.
- Marketing: For roles in pharma sales, branding, and product launches.
- IIMs (Indian Institutes of Management): Offers premier education in general management (via CAT).
- NMIMS, Mumbai: Renowned for MBA in Pharmaceutical Management.
- TISS, Mumbai: Reputed for Healthcare and Hospital Administration.
- Symbiosis Institute of Health Sciences (SIHS), Pune: Provides MBA in Hospital and Healthcare Management.
- ISB, Hyderabad: Suitable if you have 2-3 years of work experience.
Application Procedure
- Entrance Tests: Most colleges require tests like CAT, NMAT, SNAP, or GMAT. Prepare accordingly.
- Applications: Once you clear the entrance, apply through respective college portals.
- Interviews: Be ready to present your background in pharmacy and interest in management while interviewing.
Preparation Tips:
- Start with fundamental books for entrance exams
- Join the coaching centers or online portal like BYJU'S, Career Launcher, or TIME
- Get updated about the pharma and healthcare industry trends for GDs and interviews
If you require further assistance, please let me know.