Online BCom degree vs Online MBA: Which Degree is Better for Your Career
Times have changed. Nowadays, you will find that innumerable online programs meet people’s specific career needs. Of the many available options, two of the most popular are Online BCOM Course and the Online MBA. Both degrees are designed to provide the student with skills and knowledge, but each relates to different levels and goals of professional development.Â
For a better understanding of students, it’s important to recognize the value and area of the profession for which each degree has been created. How about pursuing the fundamentals of commerce and business by starting with an Online Bcom Degree covering all your basics first? Or will you require advanced leadership associated with an online MBA, which will be more suited to assisting you in reaching the next level of your career?Â
This article will discuss these relevant issues so that students can be best suited for the career progression they desire.
Online/Distance MBA Universities In Other Cities
What Is An Online BCom Course?
The BCom (Bachelor of Commerce) degree is created to provide complete support to working students who want to pursue their degree in commerce. The duration of this course is 3 years. This Online BCom degree will allow the students to approach commerce, finance and business through a screen. Let’s not forget that the first purpose of online BCom is to create a flexible understanding of life outside of college. Bcom online is the answer to innumerable working students.Â
Out of innumerable subjects, several subjects also include accounting, business economics, financial management, marketing, and taxation. Students are given practice and theory-related activities to the core functions of industry that will assist them in understanding.Â
By completing an Online BCOM Course from a UGC-recognised university, many opportunities await; students can get entry-level positions in various fields such as marketing, banking, and finance. Those who wish to go even further can get advanced degrees such as an MBA, CA, or CFA. People who do not wish to attend in person to get a degree and would rather sit at home can opt for an online BCom.
What is an Online MBA?
Business management and entrepreneurship can be easily acquired with an online MBA. No physical participation will be required by the students. Instead, with relevant skills and experience, they can work from home.
\An online MBA covers three major areas: finance, asset management, and marketing. The duration of online MBA is 2 years. In addition, students can also select courses in other specialties of their preference, such as digital marketing or international business, that will help to foster their career vision. Along with the case studies, the real-world applications of the concepts learned also make it effective to implement.
Flexibility is possibly one of the best features of an Online MBA. Due to this, all the lectures, activities, and even interactions could be conducted according to the student’s timetable, which is helpful for professional students.
Major differences that you will find between Online BCOM Courses and Online MBA
Our objective here is to help you understand the aspects of the Online BCom & Online MBA course and how they differ from each other. There are several differences that you could find among these courses that will assist you to have a broader perspective:
Categories | Online BCom | Online MBA |
---|---|---|
Admission Requirement | 10 + 2 is the basic requirement | 50 percentile for graduation |
Years | 3 Years | 2 Years |
Summary of Subjects | Accounting, finance, taxation, business law, and economics | Strategic business administration, management HR, marketing, etc. |
Personal Clients | People who want to get better in commerce | People who are in the workforce and want to upgrade themselves |
Sphere of Specialisations | A limited number of areas of specialisation, which might include finance or taxation. | Innumerable areas such as Marketing, HR, IT & other operations as well. |
Key Skills Developed Through an Online BCom Course
This is the section where we will help you to analyse some of the major skills that you will be able to grab with the means of BCom and how it will be helpful for you in the long run:
Financial and Accounting Competencies
- Effectively interpret statements of cash flow, equity, and profit and loss accounts; comprehend accounting fundamentals and manage cost control.
- Use accounting programs such as Tally and QuickBooks, thus demonstrating the ability to put all theoretical knowledge into practice.
Business and Commercial Competence
- Understand business dynamics, the environment in which a specific enterprise operates, and also general trade customs.
- You should be able to devise sound business plans and investment strategies and allocate resources efficiently.
Business Communication
- Polish verbal and written business etiquette is relevant for producing business documents, reports, and presentations, as well as emailing.
- Master your negotiation and interpersonal skills, which are necessary for working in a business environment and with clients.
Business Analysis and Problem Solving
- Improve on the skills needed to evaluate the environment in which a business operates as well as the decisions that will help you to make regarding the business.
- Participate in practical projects on taxation, auditing, and financial management for real clients.
Entrepreneurial and Managerial Competences
- Make a business plan with product development with confidence in managing existing companies and new companies.
- Acquire skills in leadership and management of teams for good performance in management positions.
- These skills enable the graduates to pursue careers in finance, accounting, management and entrepreneurship
Key Skills and Career Options After Online MBA Course
The MBA Degree has been developed in such a way that it will help you to acquire a managerial position and become great at leading others as well. Following are some of the major roles that you can take:
Leadership and Team Management
- Comprehend the various effective leadership styles employed to manage and inspire teams.
- Obtain competence in managing conflicts, making decisions, and delegating tasks.
Strategic Thinking and Problem-Solving
- Be able to assess complicated business problems and formulate plans to resolve the situation.
- Improve your ability to think critically to provide solutions to problems and to seek means for advancement.
Business Analytics and Data Interpretation
- Become skilled in data assessment so that the organisation can take appropriate action.
- Be able to perform business analysis using tools like Excel, Tableau, and Python.
Financial Management and Budgetin
- Enlist financial forecasting, investment appraisal, and risk management.
- Find out how to use resources to enhance the level of return.
Marketing and Branding Expertise
- Foster skills in the areas of digital marketing, brand creation, and analysis of consumer behaviour.
- Learn how to sell goods and services in a highly competitive environment.
Top 5 Universities for Online BCom Degree
Here, we will provide a brief overview of some of the best universities where you can acquire an Online BCom Degree. All of the universities mentioned below provide a quality education that will be helpful for you in the long run. Let us have a glance over them:
Universities | Fees |
---|---|
Amity University Online | 16,500/- Semester |
Amrita University | 20,000/- Semester |
Aligarh Muslim University | 14,500/- Semester |
IGNOU | 4,050/- Semester |
Jain University | 21,250/- Semester |
Top 5 Universities for Online MBA Degrees
Now, after analysing Bcom fees here, we will try to provide you with a brief perspective on the education provided by some of the top universities in the field of Online MBA degrees. Following are some of the best universities where you will get detailed information:
Universities | Fees |
---|---|
Amity University | 48,750/- Semester |
Bharathidasan University | 23,500/- Semester |
Jamia Hamdard University | 33,750/- Semester |
DY Patil University | 45,000/- Semester |
Jain University | 40,000/- Semester |
Concluding Remarks
The choice between pursuing a BCom and an MBA online depends on your career expectations, the qualifications that you currently hold and the career that you hope to have. A BCom online is a great choice for those seeking an edge in entry-level employment in finance, business and accounting studies. Consider your likes, when you are in your career, and the direction you want your career to go to and then choose the most appropriate course.