14 December 2015
MBA with Finance specialisation and M.Com are two options for any commerce graduate. Each course has its own structure and focus, hence opting between the two purely depends on which career direction a graduate wants to take.
MBA in Finance
MBA finance is a management level program which offer specialization in Accounting and finance area. Students from any education background who are interested in finance can go for MBA Finance. All students who take up MBA Finance might not find it easy. As to study MBA Finance, a student needs to have outstanding logical ability, problem solving skills, exceptional communication ability etc.
Students who are taking up MBA Finance will be endowed with trained in most of the theories and practical application of accounting and financial techniques. This will enable students to develop qualities and later own turn out to be successful financial managers. Students can also take up international finance and management specializations in MBA. An MBA student with finance can easily find jobs in any of the reputed financial companies, banking sector, Share broking, insurance companies and also in corporate financial sectors. Some of the job profiles for a MBA Finance holder include
Accounting Managers Cash Managers Chief Financial Officers Corporate Controllers Credit Managers Financial Managers or Financial Analysts Investment Bankers Investment Banking Associates Investment Sales Associates and Traders Management Consultants Risk and Insurance Managers Treasurers and Finance Officers Some of the best known institutions which offer good education for MBA finance includes, IIMs, ICFAI, S.P.Jain, XLRI etc.
M.Com
M.Com or Master of Commerce will help graduates after B.Com to develop in-depth knowledge in areas like accounting, finance, computers and E-business etc. This course is mainly intended for students who are currently in the entry level and are looking for further expansion of knowledge in their careers. In M.Com, students are given an option to major in any of the four specializations. Students who are interested to go for higher degree courses like in research or even doctorate level will get an advantage with this course.
With a degree in M.Com with high marks, students will be able to find employment as qualified accountants. Some of the other sectors were M.Com students can look for jobs in areas including
Auditing Banking and finance Electronic retailing Funds management Management consulting Stock broking In addition to this, students of M.Com can also look for jobs with the Government sector. UPSC is a major recruiter of M.Com students in to excellent posts in the central government offices. Some of the best colleges from where students can take up M.Com include Hindustan College, SNJB Ashrams College, IGNOU, and Calcutta University etc.
Key Difference between MBA in Finance and M.Com
MBA is considered as a general degree which enables students to learn about lot of areas. But most of these subjects will not provide students with in depth knowledge. The students of MBA specializing in a particular subject like Finance will get excellent experience and know-how in that particular field. An MBA is considered to be one of the most valued degrees all over the world, if it is from a reputed institution. One of the main differences between MBA Finance and M.Com is the fees of the course.
MBA is very costly when compared to M.Com. Were as, M.Com is a much more narrowed degree that permits students to specialize in a number of majors such as Finance, Marketing, and International Business etc. The focus is more on the Accounting and finance aspect in M.Com. An MBA candidate can easily enter in to the managerial positions after the completion of the course. An M.com holder will require a good amount of experience to back them up as for entering in to a managerial position.
Which course is better?
MBA Finance and M.Com are both exceptional courses. It cannot be said which is better than the other as both the course have it own pros and cons. It is up the each student to decide upon, which course is better according to their career goal and interest.
23 December 2015
What is the difference between MBA & PGDM – [Explained]
Many Business School aspirants have raised concern about the titles of the management degrees offered in India, normal perception is that MBA (Master of Business Administration) is the only course which is acceptable as a Post Graduation degree. That is not true, in India there are various programmes offered by the Business Schools which are not necessarily called as MBA.
The classic examples are the IIMs (Indian Institutes of Managements) and XLRI’s (Xavier’s Institutions) these elite Institutions doesn’t offer MBA. IIMs offer PGP (Post Graduate Diploma Programmes) and the Xavier’s Institutes too offer PGDM (Post Graduate Diploma in Management).
As per the law in the books (atleast in India), only an University can offer degrees such as the MBA, BBA, B.Tech or B.E. Any Institution which is not affiliated to an University cannot offer a degree. So the IIMs are obviously autonomous bodies they run independently not bothered about the Universities and the rules.
On similar lines several colleges have autonomous status in India they don’t offer MBA programmes, there are also Institutes which are functioning without affiliating to an University. These colleges run under the AICTE (All India Council for Technical Education) and hence they don’t offer MBA. Examples TAPMI Manipal, Welingkar, Great Lakes Chennai etc.
The question of whether doing an MBA or PGDM if at all arises, know the Institute’s credentials first. If MBA offered which University it is affiliated to and whether it is a full time MBA or Distance MBA? If PGDM check if the Institute has Autonomous status or check if it AICTE approved or not.
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