IGNOU Online MCom: The Master of Commerce (MCom) is a 2-year PG program at IGNOU. It will help you to improve your skills in commerce and business. This course covers subjects like Financial Management, Business Law, Marketing, and Corporate Governance. After completing this course, you can find jobs in banking, finance, teaching, or consulting.
To join, you need a bachelor’s degree in commerce or a related field with at least 50% marks. The application fee is about INR 800, and the course fee is around INR 9,000 per year. The last date to apply for the IGNOU Online MCom is 31 October 2024.
IGNOU Online MCom Programme Highlights
| Course Name | IGNOU Master of Arts-Commerce (MCOMOL) Programme |
| Minimum Duration | 2 Year |
| Maximum Duration | 4 Years |
| Course Fee | INR 18,600 |
| Minimum Age | 18 Years |
| IGNOU Official Website | https://iop.ignouonline.ac.in/ |
| Apply For Admission | IGNOU Admission |
Why Choose IGNOU Online MCom?
IGNOU’s Online Master of Commerce program is a great choice for many reasons:
- You can study from anywhere, anytime
- The course is designed by top experts in commerce
- It’s more affordable than many traditional programs
- You get strong support from IGNOU throughout your studies
- The degree is recognized across India and abroad
- IGNOU follows NEP guidelines and allows multiple entry and exit to a program
This program gives you the skills to work in banking, finance, teaching, or business consulting. It’s perfect if you want to grow in your career but can’t attend regular classes.
IGNOU Online MCom Eligibility Criteria
To join the IGNOU Online MCom program, you need to meet these requirements:
- You need to get a bachelor’s degree. The degree should be from a UGC recognized university and can be in any subject.
- At least 50% marks in your bachelor’s degree (45% for reserved categories)
- No age limit – anyone can apply!
IGNOU Online MCom Entrance Exam
Good news! There’s no entrance exam that IGNOU takes for the Online MCom program. IGNOU selects students based on their previous academic performance. This makes it easier for working professionals to join the program without extra exam stress.
Selection Criteria for Admission
IGNOU uses these factors to select students:
- Your marks in the qualifying degree (bachelor’s)
- Available seats in the program
- First-come, first-served basis for qualified applicants
IGNOU Online MCom Fee Structure
- The total program fee is around INR 18,600 for the full two years
- You can pay the fee in yearly installments of about INR 9,300
- There might be additional costs for study materials and exams
- SC/ST students may get fee support – check IGNOU’s website for details
Remember, fees can change, the latest information is always updated on the IGNOU website.
IGNOU Online MCom Application Process
Follow these steps to apply:
- Go to the IGNOU admission website: ignouadmission.samarth.edu.in
- Create an account by clicking on the button showing ‘New Registration’
- Fill in your personal details carefully
- Choose ‘Online MCom’ as your program
- Upload required documents (see list below)
- Pay the application fee online
- Submit your form. You should also note down the generated application number
Documents Required:
- Scanned copy of your photo and signature
- Bachelor’s degree certificate
- Marksheets of your bachelor’s degree
- ID proof (Aadhaar card, PAN card, etc.)
- Category certificate (if applicable)
Examination Pattern
- Each course has assignments and a term-end exam
- Assignments are usually done online and count for 30% of your grade
- IGNOU take Term-end exams twice a year (June and December) and the term end exams count for 70%
- The passing marks is at least 40%. Both assignments and exams have this criteria.
Most courses are for 6 credits each. You’ll study subjects like Financial Management, Marketing, and Business Law over four semesters.
Suggestions for Learners
- Make a study schedule and make sure you stick to it
- To stay updated regularly visit IGNOU website
- To boost your score and knowledge submit assignments on time
- Join online discussion forums to connect with other students
- Use IGNOU’s e-resources and virtual classes
Evaluation System
IGNOU uses a comprehensive evaluation system:
- Continuous assessment through assignments
- Term-end exams for each course
- Project work in the final semester
- Practical exams for some courses
Your final grade will be based on your performance in all these areas.
IGNOU Online MCom Program Syllabus
This program needs at least 2-year. It is divided into four semesters. Here’s a brief overview:
First Year:
- Organization Theory and Behavior
- Business Environment
- Accounting for Managerial Decisions
- Marketing Management
Second Year:
- Research Methodology
- Financial Management
- International Business
- Specialization courses and Project work
Each semester has 4-5 courses, helping you build a strong foundation in commerce.
Assignments in IGNOU Online MCom
- Assignments help you with practical application of your theoretical learning
- You submit them online through the IGNOU website
- They prepare you for the final exams
- Timely submission is important for good grades
Career Goals with IGNOU Online MCom
After completing this program, you can pursue careers like:
- Financial Analyst: Help businesses make smart money decisions
- Management Consultant: Advise companies on improving their operations
- Investment Banker: Work with stocks, bonds, and other financial products
- Corporate Accountant: Manage financial records for big companies
- Business Teacher: Share your knowledge in schools or colleges
Placement Information
While IGNOU doesn’t offer direct placements, the MCom degree can boost your career:
- Many graduates find jobs in banking, paying ₹4-6 lakhs per year
- Financial analysts can earn ₹5-8 lakhs annually
- Management consultants often make ₹6-10 lakhs a year
- Corporate accountants typically earn ₹5-7 lakhs per year
- Teaching positions can pay ₹4-7 lakhs annually
Remember, salaries can vary based on location, experience, and company.
Conclusion
IGNOU’s Online MCom works as a ladder for you to rise up in your commerce career. Both graduates and working students prefer this course because of its recognized degree, comprehensive curriculum, and student-friendly approach. The program equips you with skills in finance, management, and business strategy, opening doors to various high-paying careers. By choosing IGNOU, you’re investing in a quality education that fits your schedule and goals. Take the first step towards your success – apply for IGNOU Online MCom today!
FAQs
Q: When can I apply for this IGNOU MCom? A: IGNOU usually opens admissions twice a year – in January and July. IGNOU website will provide you with exact dates.
Q: Is the IGNOU MCom online degree valid? A: Yes, it’s UGC recognized. Jobs and higher studies across India accept this degree.
Q: Can Online IGNOU MCom be pursued with a job? A: Absolutely! This online program provides flexible learning options for working professionals.
Q: How many years are needed for the Online degree of IGNOU MCom? A: You have a minimum of 2 years and a maximum of 5 years to complete the program.
Q: Is there any practical training in IGNOU Online MCom? A: Yes, there’s a project work component in the final semester to give you hands-on experience.
