What Is IGNOU M.Com/Ignou Master of Commerce?

IGNOU Master of Commerce (M.Com) is a 2-year postgraduate course and students who are willing to gain an in-depth knowledge of finance, accounting, banking, financial markets, and more in this area should pursue this course. IGNOU offers M.Com in the distance mode which makes it suitable even for working professionals who cannot delay their employment for 2 years to attend regular classes.

Indira Gandhi National Open University is an internationally renowned university that gives students several distance and online courses including Master of Commerce. The reason for the creation of this university is to give each area of the economy quality education at an affordable price. M.Com is a postgraduate study that students can follow after they have completed their graduation degree in the commerce field.

In the field of online and distance learning, IGNOU has built 21 different schools to offer courses of different disciplines. MCom courses are offered and open for students who have completed their bachelor’s from a recognized university. IGNOU Distance MCom Learning is also the greatest way for the workforce who have a job and now wish to study for a Master's degree to improve their career. Finally, the degree will allow you to acquire promotions in your existing positions or you can apply for better jobs.

IGNOU Distance MCom Course Details

About IGNOU

Indira Gandhi National Open University is generally known as Ignou, a renowned university that seeks to deliver distant and online courses in diverse areas of society. IGNOU is a well-recognized state-run institution with superb remote learning programmes with an unbelievable faculty. In this blog, we will discuss the detailed knowledge of IGNOU Distance B.Com.

Indira Gandhi National University is the world's biggest university, offering open and online study programmes for undergraduates and graduates, diplomas and certificates. It was established under the 1985 parliamentary act as a central university. The objective of the university is to provide all segments of society with access to higher education. Distance and Online BSc is one of the degrees that interesting students have at their disposal.

How to Get Admission in M.Com in Ignou 2024?

Before applying for IGNOU M.Com Admission 2024, interested applicants must confirm their eligibility. You can only submit the application form for the M.Com course online. See the steps below:

• Candidates must click on the "REGISTER YOURSELF" option for the IGNOU Admission Portal Register.
• For further log-in, you have to remember your ID/Username and password.
• Click "Login" and enter their username and password to complete the application form. Existing users must enter the application form.
• The application form is now necessary for candidates and the required documents have to be uploaded.
• The application cost will be paid online once the application form is filled in. An online Payment Gateway allows you to pay the Application Fee via credit card, net banking, and ATM cards (PNB).
• Take the printout of the receipt of payment for future reference following the submission of the fee.
• To complete the application procedure, click on the Submit button.

Documents Required for IGNOU MCom Admission Form 2024

Candidates have to upload the scanned copy of the following documents in the prescribed format:

- Photograph and Signature (Less than 100KB)
- Age Proof
- Educational Certificates
- Experience Certificate (if any)
- Category Certificate (if applicable)
- BPL Certificate (if applicable)

Is IGNOU M.Com Good?

IGNOU offers a wide variety of courses in several subjects. All the courses provide the students intending to go to MCom with a truly profitable profession. Let us look at some of the main benefits, so that why MCom's distance from IGNOU is an explosion:

• IGNOU is an approved and accredited university by the UGC and NAAC with an A grade.
• The university is valued and has genuine worth in the market, hence, an MCom degree from there will hold credibility.
• IGNOU is also a really affordable university; it means that the courses offered here are at a reasonable cost.
• There are numerous courses offered by the university and therefore, it provides a diverse environment for the students.
• The university also sets a bar for its incredible faculty and infrastructure.

IGNOU MCom Specializations

IGNOU MCom provides some of the top MCom specializations that are designed according to the current trends and needs of the market. Here is the list of MCom specialization that is provided by IGNOU:

• Master of Commerce in Finance & Taxation (MCom (F&T))
• Master of Commerce in Business Policy and Corporate Governance (MCom (BP & CG))
• Master of Commerce in Management Accounting & Financial Strategies (MCom(MA&FS))

What is the Fee Structure of Ignou M.Com 2024?

Check the complete fee structure for M.Com. of Indira Gandhi National Open University below:

What is the Eligibility for M.Com in Ignou?

Graduates in any discipline or equivalence from a recognised university are eligible for admission to the M.Com course. In the following table, I have mentioned eligibility criteria depending on the different specialization of IGNOU MCom:-

What Is the Course Duration for Ignou M.Com?

The duration of the IGNOU MCom program is 2 years that can be completed in 5 years. This 2-year program is scattered into 4 semesters. Each semester is completed in 6 months of time span. IGNOU MCom course can be completed in 5 years that means if you will miss any of the semesters you can cover it in the next semester without wasting your year. Also Find: Top 7 Distance & Online M.Com Colleges.

What are the Subjects/Syllabus in M.Com Ignou 2024?

To complete the IGNOU MCom course the students need to complete the 12 subjects containing a 72 credit score comprising of 6 core subjects and 6 subjects related to the specialization. Let’s understand it more clearly.

The IGNOU MCom course has 12 subjects which are divided in the following way:-

• 6 subjects related to the specialization.
• 6 core subjects or we can say common subjects.

List of the subjects

The list of the above-mentioned subjects is mentioned below. This is is the elaborated syllabus of the Distance and online MCom course including all specialization.

- 6 subjects related to specialization

- 6 Core subjects

Does IGNOU Conduct any Entrance Exam for distance M.Com?

No, IGNOU does not conduct any entrance exam for the admission of distance MCom it means the students do not require to clear any entrance exam to take admission to the distance MCom course from IGNOU. IGNOU only conducts entrance exam to provide admission to the management courses.

How can I Download Ignou M.Com Prospectus in 2024?

Students may receive a copy of the IGNOU common prospectus via the website of the university and the prospectus link. Students will see an option on the IGNOU websites for a unified 2024 prospectus, which will include all information on the courses offered, the fee structure, eligibility and other important information as they choose to access the complete prospectus.

All the information needed for students is available on the official website. Students can get all the information they need on the Website and all critical information on their degree from the smallest details about the university.

How can I Download Ignou M.Com Study Material in 2024?

The IGNOU MCom Study Material is sent by the university to the individuals at their addresses which contains books regarding the course and some supporting materials. These books can also be downloaded online through the app provided by IGNOU and e-gyankosh website. For that, you have to simply download the app and log in using the IGNOU login credentials and download the book that you want to study.

1. Printed Material - Each student who is a student consisting of 4-6 books receives the written content of all the courses. The book costs are included in the course fee. These publications are specially designed by the expert facilities of the university under the supervision of a team of experts from conventional universities, management institutions and professional executives from all around the world. These books have been produced to aid distance learners in self-instruction.

2. Online Study Material - IIGNOU also has an online version of the material for individuals who do not want to go for printed study documents. The books connected to their subject can be accessed online by students who have taken the course. IGNOU has an app that allows students to download and access these books at any time.

What are the Top Distance M.Com Colleges in India for IGNOU Alternative?

There are many alternative colleges in India offering distance M.Com course to the students. Here is the list of the top colleges offering distance MCom at their premises:-

• Jain University
• University of Petroleum and Energy Studies
• Sikkim Manipal University
• Kuvempu University
• Karnataka State Open University
• Annamalai University
• Punjab Technical University
• BITS Pilani
• University of Mumbai

Can I Get Scholarship In Ignou for M.Com Programs?

Yes, IGNOU offers scholarships to students pursuing MCom from IGNOU. These scholarships are:-

1. Scholarship scheme under ‘Trust Fund’

• Under this scheme, 1000 scholarships (amounting to Rs.50,000/-per year) are provided to qualifying students with disabilities for degree and postgraduate level professional and technical courses from approved institutions in India.
• 30 per cent of these scholarships are earmarked for girl students.
• The recipient/parent or guardian's annual revenue from all sources is not to exceed Rs 3 lakh.
• Eligible students may apply for bursaries under this initiative at any point in the academic year. For applications received in the last quarter, scholarships are offered on a quarterly basis.

2. Scholarship scheme under National Fund

• Under this system, 500 scholarships (for the value of Rs 12000 / - every year) are provided to qualifying disabled students for further qualifications.
• The girls reserve 50 per cent of these scholarships.
• The beneficiary/parent or guardian's annual income from all sources must not be higher than Rs. 1.80 lakh.

Moreover, with respect to the type of disability, there are further categorizations.

Is There Any Difference Between Ignou M.Com and Ignou Distance M.Com?

No, the IGNOU MCom and IGNOU Distance MCom differ from one other. The distant MCom course name has become IGNOU MCom because of the popularity of IGNOU. One item is IGNOU Distance MCom and IGNOU MCom. The students do not need to attend the IGNOU MCom course regularly and they can study at their own speed. IGNOU offers an MCom course from a distance.

Ignou MCom/Distance M.Com Vs Ignou Online M.Com

The IGNOU Online MCom is unlike the IGNOU Distance MCom since IGNOU's Distance programme is now an online course. The highest level of online training is particularly following the COVID 19 pandemic. As institutions closed and the possibility to continue the study online is now evident to distance colleges and due to this IGNOU has also become an online institution. So we can say that the MCom course offered by IGNOU is a distance as well as an online education course.

Placement Assistance at IGNOU

The M.Com at IGNOU makes it the driving programme for students with an advanced level of study in addition to the work. In comparison, IGNOU M.Com is designed to stimulate additional learning, or even to apply for a PhD. Too much, after M.Com, students at multiple MNCs in various parts of the economy have higher profiles. In truth, students have been promoting jobs in entirely distinct government initiatives requiring the professional capabilities of M.Com specialists as India is increasing the system of taxes.

What is the Scope after Completing IGNOU M.Com?

The distance learning universities not only provide knowledge, but they will also give you placements options. You need to get connected with your universities. As M.com is a master’s degree, it provides you with a specialization in the particular role of the subject. So after getting specialized in a domain you received great job opportunities with big names in the industry. Holding solely a bachelor’s degree will put a stopper to your career as you can’t apply to the higher posts. Getting a Master’s degree will remove that stopper and gear up your career at a high. As the syllabus of distance M.com is similar to regular M.com so you’ll be getting the same job assistance. You can upgrade your current job or can apply for the higher posts in other companies. Job opportunities like banking professionals, Accounting, Consumer durable industry, telecom industry, Insurance, Automobile media, and Retail industry, etc.

What is the list of a Study Centre for the Ignou M.Com Program?

There are 67 regional centres of IGNOU all over India and 54 of them are offering MCom course. These regional centres are located in New Delhi, NOIDA, Mumbai, Lucknow, Nagpur, Panji, Bihar, etc. You can check the full list of these regional centres in the prospectus of IGNOU. For that, you need to download the prospectus from the website and on the last pages of the prospectus, you can find the regional centres. Also Read: IGNOU M.Com Assignment 2024.

Conclusion

Students with a distance MCom will be able to land really good jobs with good pay and room for advancement in the industry. IGNOU's degree has a lot of credibilities, and it will be a great place to start for students who want to study while also working. If you're still on the fence about going ahead with it, now is the time to decide. Because their lives are already overcrowded, working professionals will find this to be one of the greatest options. I believe you now have a thorough knowledge of the distance MCom programme offered by IGNOU.

FAQs

⭐ Is Ignou MCom AICTE Approved?

Yes, IGNOU MCom is approved by AICTE. Besides MCom, all the courses offered by IGNOU are approved by AICTE.

⭐ When To Apply For Ignou MCom?

IGNOU MCom admission will be taken twice a year in the month of January and June. You can take admission either in January or in June. Admissions to the IGNOU MCom programme are made solely on the basis of merit.

⭐ How To Apply Ignou MCom?

You can apply for admission to the Distance and Online MCom program by visiting the university's official website. For application, you need to fillup the online form and upload a copy of your documents.

⭐ Is Ignou MCom Valid For Government Jobs?

Yes, IGNOU MCom is valid for government jobs as after completing the course you will get the chance to apply in the private as well as government sectors.