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IGNOU Master of Commerce (MCOM)

Published on Monday July 25, 2022 09:58 by Umesh Singla

The Indira Gandhi National Open University has prolonged its outreach beyond the borders of the country. The globalization of higher education, mainly via the distance mode of shipping, has given an altogether exceptional angle to the go-border transport of  IGNOU’s academic packages in numerous international locations. The International Division seems after the international operations of the University. The division was established on 16 October 1997 as a Cell and was upgraded to the fame of a full-fledged Division in 2002. From 1996 onwards, the International Division has been assigned the task of offering and promoting the academic programs of  IGNOU by way of organizing bilateral and multilateral co-operations with numerous partner institutions and organizations/universities throughout the globe. At present, IGNOU is offering academic programs in 35 countries across the globe via 62 Partner Institutions.

IGNOU MCOM Overview

M.com OR Master of Commerce is a Master's degree conferred to students. Like any other college course, M.com's course duration is a minimum of 2 years and a maximum of 5 years.

With the academic session of July 2019, the IGNOU has adopted the Choice Based Credit System presented by the University Grants Commission. The Choice-based Credit System, which is on offer at the Master's degree level, gives adaptability to the students to study the subjects/courses of their needs and interests.

Eligibility Criteria of Admission

Program Type Degree
Mode Open Distance Learning
School School of Management Studies
Duration 2 Years
Medium English Hindi
Specialization Commerce
Eligibility Bachelor’s Degree or a higher degree from a recognized University.

Lateral entry to 2nd year of MCOM: Those who have successfully completed PG Diploma in International Business Operations (PGDIBO) from IGNOU, are eligible for lateral entry to the second year of the MCOM Program. They will be required to study only the second-year courses. The minimum and maximum duration of the Programme for students joining through Lateral Entry shall be one year and two years respectively.

To join through Lateral Entry, applicants may register on the online admission portal, select MCOM Programme, and follow the process. The option for Lateral Entry shall be given at the time of filling in qualification details. A scanned copy of the final marks sheet (Grade Card) of PGDIBO indicating successful completion of the Programme is required to be uploaded, along with other documents as required.

Fee Structure Rs. 16,200/- for the full programme to be paid year wise @Rs. 8,100/- per year, plus a Registration fee of Rs.200/- in the first year

About Masters of Commerce (M.com)

Masters of Commerce or M.Com. is a post-graduate level course ideal for candidates who wish to make a career in banking financial services and insurance (BFSI) as well as accounting and commerce sectors. The 2-year course delves deeper into the functioning of the economy, capital, revenue, trade, taxes, etc. taught in B.Com.

Since M.Com. is a specialized area in itself, only those candidates who have pursued B.Com. or B.Com. (H), can go for it. M.Com. is also a good option for CA/CS candidates. However, not many CA/CS aspirants pursue M.Com. as CA/CS courses can be pursued after class 12.

M.Com is most popular among aspiring teachers/lecturers and researchers. UGC-NET/JRF and Ph.D. are among the popular options for M.Com degree holders.

How is Master of Commerce Course Beneficial?

-M.Com. degree serves as a basis for further higher studies and research in this field such as Ph.D. and M.Phil. Degree in Commerce.

-M.Com. degree holders can opt for further higher studies and careers in various specializations of Commerce such as Statistics, Taxation, Accounting & Finance, Banking, Insurance, and many more.

-Commerce postgraduates can take up research work in various fields of India’s national security problems including international relations, geostrategic, geopolitical, socio-economic, tactical aspects of war, etc.

-A Master's Degree in Commerce prepares a postgraduate for a wide variety of careers dealing with the flow of money, from accountant to investment banker, money manager to personal finance consultant.

-Law schools are a very common destination nowadays for recent postgraduates in Commerce.

-On successful completion of a Master’s degree in Commerce, a student can apply for the UGC-NET or JRF exam; the success in these exams makes teaching or research a good option.

Following Are the IGNOU MCOM Courses Offered for Students

IGNOU M.Com First Year Courses

Course Code Title Of The Course Credits
IBO-1  International Business Environment  6
IBO-2 International Marketing Management  6
 IBO-3  India’s Foreign Trade  6
 IBO-4 Export-Import Procedures and Documentation 6
 IBO-5  International Marketing Logistics  6
 IBO-6  International Business Finance  6

IGNOU M.Com Second Year Courses

Course Code Title Of The Course Credits
MCO-1  Organization Theory and Behavior  6
 MCO-03  Research Methodology and Statistical Analysis  6
 MCO-04  Business Environment  6
 MCO-05 Accounting for Managerial Decisions  6
 MCO-06  Marketing Management  6
 MCO-07  Financial Management  6

Note: Student Handbook and Prospectus are additionally accessible on IGNOU’s official site www.ignou.ac.in. Data about the courses given here is partial and ought not to be treated as complete. The organization would offer another course than those referenced here. Students are advised to check with the institution for the most recent information concerning the course.