Candidates who have interest in subjects such as Finance, Accounts and Commerce have two choices for higher education; M.Com and MBA in financial management. Both courses have equal importance. Those who have deep passion for commerce can go for M.Com while candidates who are interested to work in managerial roles can chose MBA in financial management.

Details on Master of Commerce Course

Graduation in Commerce or Business administration is the basic educational qualification required for this course. Apart from this graduates in any discipline along with Chartered Accountancy Course of ICAI are also eligible for admission. Admission to the course is carried out on the basis of marks obtained in the qualifying examination and counseling. Reputed institutes conduct entrance examination for admission process. Most of the universities consider a minimum of 55% to 60% marks in qualifying examination for admission.

Duration of the course is 2 years. Course curriculum covers academic areas such as Financial Management, Corporate Accounting, Cost and Management Accounting and Taxation. The course structure is designed to offer advanced level of teaching in accounting and commerce, industrial laws, accounting, financial planning, etc. It offers wide knowledge base in the areas of accounting and related areas that help to understand the implications of commerce.

Job Opportunities after M.Com

Those who have successfully completed Masters in Commerce can seek employment as Financial and Research analyst, Accounts assistant, Financial Analysis etc. Candidates can work in Public sector banks and other public sector organizations. Bharat Sanchar Nigam Ltd recruits M.Com graduates to the post of Junior Accountants. Those who have cleared UGC NET exam can go for lecturer post in government colleges.

Details on Master of Business Administration in Financial Management

Graduation in any discipline is the required eligibility qualification. Candidates should have secured a minimum of 50% marks in qualifying examination. Admission is carried out on the basis of national level entrance exams such as MAT and CAT. Apart from this certain Universities/ Colleges conduct their own entrance exam for admission process. Final selection will be based on scores obtained in entrance test, group discussion and personal interview.

2 year MBA program is designed to provide high level knowledge in management subjects. The syllabus contains subjects such as Management Principles & Practices and Quantitative Techniques for Management etc. Apart from this, those who are specializing Financial Management will have to study topics such as Investment and Portfolio Management, Corporate Finance Management of Financial Derivatives Corporate Accounting and Cost and Management Accounting.

Job opportunities after MBA in Financial Management

MBA is widely known as a professional course which offers wide variety of job opportunities. Those who have completed MBA in Financial Management can work in managerial level. They can work as Risk and Insurance Managers, Chief Financial Officers, Investment Banking Associates and Credit Managers and Specialists. Finance MBA degree holders can earn around Rs 10-15 lakh per year from top companies.

Which Course is better?

Though both courses have their own values MBA in Financial Management has an edge over M.Com. This is because of the variety of job opportunities provided by that course. Moreover remuneration after MBA is slightly higher than that of M.Com. The course structure of M.Com is fully concentrated on class room studies in accounting topics whereas medium of teaching in MBA is carried out through seminars, case study analysis, group discussions and Internships.