The Master of Commerce (MCom) program is one of the prestigious postgraduate programs that is mostly chosen by the student community all around the globe who are looking to gain or equip themselves for the world of commerce. With the advent of online education, several renowned universities or educational institutions hold accreditations and approvals from several regulatory bodies including the All India Council for Technical Education (AICTE), the University Grants Commission (UGC), and the Distance Education Board (DEB) ensuring the authenticity and validity of the degree program from such universities globally. Along with top accreditation from the National Assessment and Accreditation Council (NAAC) and the National Institutional Ranking Framework (NIRF) ensuring quality education is offered of global standard at universities. Moreover, the universities countrywide offer online Master of Commerce programs around the globe without being physically present at the campus.

The Online Master of Commerce (Online MCom) program spans 2 years and is further divided into 4 semesters with an equal duration of 6 months each. Universities can further extend the course to align with the hectic schedule of modern-day learners for up to 4 years. Seasoned faculty members and esteemed industry experts have designed the industry-specific curriculum of the program enabling candidates to gain relevant skills with theoretical knowledge along with industry-oriented practical applications. The fee structure of an online MCom program depends on different universities and different specializations. However, the average course fees in different specializations range from INR 60,000 to INR 1,50,000.

This blog post aims to provide detailed information on the top five specializations of MCom (Master of Commerce) programs including fee structures, key courses, career opportunities, and More.

What is an Online MCom Program?

An Online Master of Commerce (MCom) program is a postgraduate degree program designed for candidates including fresh graduates who want to step into the ever-evolving domain along with working professionals seeking to advance their skills in the domain of commerce and domains including accounting, management, marketing, and finance. The program is designed to offer flexibility and convenience with the online mode of education allowing students to access the coursework and resources anywhere and anytime. Candidates during the educational journey can access interactive modules and online classrooms, and focus on practical applications. Online MCom programs offer comprehensive studies that prepare candidates for several rigorous roles in the business world. 

Top 5 Online MCom Specializations

1. Online MCom in Financial Management: Financial Management is one the prestigious specializations of an online Master of Commerce prorgam that focuses on the adequate management of finances and its resources encompassing several areas including budgeting, financial planning and analysis, investment management, and more. During their educational journey, candidates will master the comprehensive curriculum covering core subjects including Managerial Economics, Business Research Methods, Financial Engineering, Statistics for Management, Treasury Management, FinTech, Projects, Assignment works, and more, ultimately attaining theoretical knowledge with practical application. Relevant skills help candidates in securing lead positions in their respective fields.

Advantages of pursuing an Online MCom in Finance Management: The Online Master of Commerce prorgam lets candidates learn Finances and its various managerial aspects by mastering the tools and resources of the prorgam including online trading platforms, and financial modeling software enhancing educational experience at their own pace and convenience from the comfort of their houses regardless of their geographical locations.

Career opportunities

Graduates of an online MCom program in Finance Management can explore various career opportunities as a Financial Analyst, Financial Manager, Risk Manager, Investment Banker, and more.

2. Online MCom in Accounting and Taxation: The Accounting and Taxation specialization enables candidates to learn the essential principles of accounting, managerial accounting, financial accounting, and the complexities of taxation or tax regulations. The online MCom program in Accounting and Taxation allows students to balance their academic and other commitments conveniently. Interactive curriculum and online labs offer theoretical knowledge with practical experience with accounting software and tax planning strategies. Mastering the meticulously designed curriculum that covers core subjects including Organization Theory and Behaviour, Financial Reporting, Advanced Management Accounting, Marketing Management, Direct Tax Laws, Corporate and Allied Laws, and more lets them acquire the relevant skills required to adapt to lead positions in their respective fields.

Advantages of pursuing an Online MCom in Accounting and Taxation: Online Master of Commerce (Online MCom) programs in Accounting and Taxation grant flexibility for fresh graduates and working professionals, with courses often designed to align with the schedules of working professionals in both finance and taxation domains.

Career Opportunities

Several career opportunities graduates can explore after completing an online master of commerce program in various sectors including the Corporate sector, Accounting and Audit Firms, Banking and Financial Institutions, the Financial Services Industry, and More. They can secure various lead positions such as Bank Manager, Investment Analyst, Tax Officer, Auditor (government/ private), Tax officer, Revenue Officer, Political Journalist, Communications Director, and More.

3. Online MCom from Marketing Management: Marketing Management is one of the dynamic and exciting specializations that concentrates on techniques to encourage products and services. The curriculum of the program lets candidates learn elements of psychology, business management, and economics to understand consumer behavior and market trends. Candidates learn various relevant skills by mastering several core topics including Marketing Research and Analytics, Digital Marketing, Consumer Behaviour, Brand Management, Sales Management, Managerial Accounting, Strategic Management, International Business, Human Resource Management, and More.

Advantages of pursuing an Online MCom in Marketing Management: Online MCom packages in Marketing Management regularly incorporate case studies and real-global projects, allowing college students to apply theoretical knowledge to practical applications. The online mode of learning is designed to align properly with online learning, allowing college students to learn with interactive structures and tools.

Career Opportunities

Graduates can pursue an array of career opportunities after the compilation of an online Master of Commerce program (Online MCom) including marketing managers, market research analysts, digital marketing, brand manager, and more.

4. Online MCom Program in International Business: International Business is one of the dynamic and exciting specializations in the rapidly growing global economy focusing on techniques to promote products and services. The curriculum of the program lets candidates learn rigorous elements of business management globally to understand consumer behavior and market trends. Learners can acquire many relevant skills by equipping themselves with several core subjects including International Business Environment, Quantitative Techniques for Business Decisions, International Banking and Financial Markets, International Legal Environment, International Marketing, and More.

Advantages of pursuing an Online MCom in International Business: Online MCom packages in International Business conveniently contain case studies and practical projects, allowing fresh graduates to apply theoretical knowledge to practical applications. The online learning mode is designed to align properly with online learning, allowing college students to learn with interactive structures and tools.

Career Opportunities

Graduates can pursue an array of career opportunities after the compilation of an online Master of Commerce program in International Business (Online MCom) including Business Development Specialist, International Business Developer, International Business Developer Executive, Business Development Manager, and more in various industries Finance Sector, International Markets, Research Institutes, Trade Companies, Banking Sector, Travel and Tourism Industry, Investment Companies, Global Business Consultancy, and More.

5. Online MCom in Human Resource Management: Human Resource Management is one of the most crucial specializations that encourages managing the most valuable asset of an organization globally- its employees. Human Resource Management covers an array of core subjects including Principles of Management, Managerial Effectiveness and Ethics, Operations Management, Services Marketing, and CRM, Retail Marketing and Brand Management, and more.

Advantages of pursuing an Online MCom in Human Resource Management: Online MCom packages in HR Management conveniently contain case studies and practical projects, allowing fresh graduates to apply theoretical knowledge to practical applications. The online learning mode is designed to align properly with online learning, allowing college students to learn with interactive structures and tools.

Career Opportunities

Graduates can pursue an array of career opportunities after the compilation of an online Master of Commerce program in International Business (Online MCom) including HR Managers, Talent Acquisition Specialists, Employee Relations Managers, and Training and Development Managers.