Is IGNOU Good for M.Com? - Online M.Com Ultimate Guide 2024
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Is IGNOU Good for Online M.Com? - Online M.Com Ultimate Guide 2024

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IGNOU (Indira Gandhi National Open University) is a well-known and respected university that seeks to deliver distant and online courses in a variety of specialisations to people from all walks of life. IGNOU is a well-known and well-established state-run institution that has a fantastic faculty and offers outstanding remote learning programmes. However, in this blog, you will solely learn about the Remote M.Com programme given by IGNOU via distance learning.

What Is IGNOU Online M.Com/IGNOU Master’s of Commerce?

Indira Gandhi National Open University is a world-renowned university that offers students a variety of distance and online learning opportunities. The goal of establishing this institution is to provide high-quality education to all sectors of the economy at a reasonable cost. The M.Com., or Masters in Commerce, is one of the courses offered at the college to those who are interested. M.Com is a postgraduate programme that students can pursue after completing their undergraduate degree.

IGNOU has established the School of Management Studies, Europe's largest business school, in the field of open and online learning. This is a school for students who want to get their business degree but are unable to attend traditional classes. Students can enrol in M.Com. classes, which are free and accessible to the public. IGNOU Distance and M.Com. Online Learning is also the best option for working professionals who want to advance their careers by acquiring a Master's degree. Finally, the degree will enable you to advance in your current employment or seek for higher positions. Top 7 Distance & Online M.Com Colleges.


How to get Admission in online M.Com. in IGNOU 2024?

Interested aspirants must ensure their eligibility before registering for IGNOU M.Com Admission 2020. The application form for the M.Com programme is only available online. The steps are as follows:

For the IGNOU Admission Portal Register, candidates must select the "REGISTER YOURSELF" option.
- You must remember your ID/Username and password for future logins.
- To finish the application form, click "Login" and enter their username and password. Existing users are required to fill out the application form.
- Candidates must now fill out an application form and upload all of the needed documentation.
- Once the application form is completed, the application fee will be charged online. You can pay the Application Fee with a credit card, net banking, or ATM card using an online Payment Gateway (PNB).
- Following the submission of the fee, take a printout of the payment receipt for future reference. - Click the Submit button to finish the application process.

Is IGNOU Online M.Com. Good?

IGNOU offers a diverse range of courses in a variety of subjects. All of the courses prepare students interested in pursuing an M.Com. degree with a lucrative career path. Let's take a look at some of the primary advantages to see why M.Com.'s distance from IGNOU is so great:

IGNOU is a UGC-approved and NAAC-accredited institution with an A rating.
Because the university is respected and appreciated in the marketplace, an M.Com. degree earned there will be credible.
IGNOU is also a very economical institution, which means that the courses are reasonably priced.
The institution offers a wide range of courses, providing students with a dynamic learning environment.

What is the Fee Structure of IGNOU Online M.Com 2024?

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

Course Name Specialization Fee Amount
M.Com. General Rs. 5500 per year
Business Policy and Corporate Governance Rs. 7000 for the complete course
Finance & Taxation Rs. 8400 for the complete course
Management Accounting & Financial Strategies

What is the Eligibility for Online M.Com. in IGNOU?

Admission to the online M.Com programme is open to graduates of any subject or equivalence from a recognised university. I have listed the eligibility criteria for the various specialisations of IGNOU online M.Com. in the table below:

Course Name Specialization Eligibility criteria Selection Criteria
Master of Commerce (M.Com.) General Graduates in any discipline or equivalent from a recognized board On the basis of Merit in the qualifying examination
Finance & Taxation
Business Policy and Corporate Governance Graduates and passed in Company Secretaryship Executive Program
Management Accounting & Financial Strategies Graduates and passed in ICWAI Intermediate Course.

What is the Course Duration for IGNOU Online M.Com.?

The IGNOU online M.Com programme lasts two years and can be completed in five years. This two-year curriculum consists of four semesters. Each semester is finished in a six-month period. The IGNOU online M.Com programme can be finished in five years, which implies that if you miss one or more semesters, you can make up for it the following semester without wasting a year.

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

To finish the IGNOU online M.Com. course, students must complete 12 subjects totaling 72 credits, which include 6 core subjects and 6 specialization-related subjects. Let's take a closer look at it.

The online M.Com. course at IGNOU contains 12 subjects, which are divided as follows:

- There are six subjects that are relevant to the speciality.
- There are six core subjects, or common subjects.
The subjects are listed below.
The following is a list of the subjects discussed above. This is the detailed syllabus for the M.Com. distance and online course, which includes all specialisations.

- 6 subjects related to specialization
Specialization Stream Subject Title (and Code)
Finance and Taxation (MCO–011) Financial Reporting, (MCO–012) Strategic Financial Management, (MCO–013) Advanced Auditing and Professional Ethics, (MCO–014) Corporate and Allied Laws (Section A - Company Law; Section B - Allied Laws), (MCO–015) Advanced Management Accounting, (MCO–016) Information Systems Control and Audit, (MCO–017) Direct Tax Laws, (MCO–018) Indirect Tax Laws (Section A - Central Excise; Section B - Service Tax & VAT; Section C – Customs)
Business Policy and Corporate Governance (MCO-031) Company Secretarial Practice, (MCO-032) Drafting, Appearances and Pleadings, (MCO-033) Financial, Treasury and Forex Management, (MCO-034) Corporate Restructuring & Insolvency, (MCO-035) Strategic Management, Alliances and International Trade, (MCO-036) Advanced Tax Laws and Practice, (MCO-037) Due Diligence and Corporate Compliance Management, (MCO-038) Governance, Business Ethics and Sustainability
Management Accounting and Marketing Strategies (MCO-021) Capital Market Analysis & Corporate Laws, (MCO-022) Financial Management & International Finance, (MCO-023) Management Accounting – Strategic Management, (MCO-024) Indirect & Direct Tax Management, (MCO-025) Management Accounting – Enterprise Performance Management, (MCO-026) Advanced Financial Accounting & Reporting, (MCO-027) Cost Audit & Operational Audit, (MCO-028) Business Valuation Management
- 6 Core subjects
Module Code Module Name
MCO 01 Organization Theory & Behavior
MCO 03 Research Methods
MCO 04 Business Environment
MCO 05 Accounting
MCO 06 Marketing Management
MCO 07 Financial Management

How can I Download IGNOU Online M.Com. Prospectus in 2024?

Students can obtain a copy of the IGNOU Common Prospectus by visiting the university's website and clicking on the prospectus link. If students prefer to access the whole prospectus, they will see an option on the IGNOU websites for a unified 2024 prospectus, which will include all information on the courses offered, the cost structure, eligibility, and other crucial information.

The official website contains all of the necessary information for students. Students may find all of the information they need on the website, including vital information regarding their degree and the university's smallest details.

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

The university sends the IGNOU M.Com. Study Material to the persons' addresses, which includes books about the course and certain supporting materials. These books are also available for download via the IGNOU app and the egyankosh website. To do so, simply download the app, log in using your IGNOU credentials, and then download the book you want to study.

1. Printed Material - Each student receives the written content of all courses if they are a student with 4-6 books. The cost of the textbook is included in the course fee. These publications are created by the university's expert facilities under the guidance of a team of experts from traditional universities, management institutes, and professional executives from around the world. These books were created to assist self-instruction for distance learners.

2. Online Study Material - For those who choose not to use paper study materials, IGNOU offers an online version of the material. Students who have completed the course can access the books related to their subject over the internet. Students can download and access these books at any time using the IGNOU app.

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

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

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

Can I get a Scholarship in IGNOU for Online M.Com. Programs?

Yes, students studying an M.Com. from IGNOU are eligible for scholarships. The following scholarships are available:

1. Under the heading of ‘Trust Fund,' there is a scholarship programme:
This scheme provides 1000 scholarships (equivalent to Rs.50,000 per year) to qualified students with disabilities who wish to pursue degree and postgraduate level professional and technical courses at accredited Indian institutions. 30% of these scholarships are reserved for female students. The total annual income of the recipient/parent or guardian cannot exceed Rs 3 lakh. This initiative allows eligible students to apply for bursaries at any time during the academic year. Scholarships are available for applications received in the final quarter.

2. National Fund Scholarship Program
Under this scheme, 500 scholarships (each worth Rs 12000) are awarded to deserving impaired students each year for higher education. 50% of the scholarships are reserved for the girls. The annual income of the beneficiary/parent or guardian from all sources cannot exceed Rs. 1.80 lakh. There are also other classifications based on the type of disability.

Is There Any Difference Between IGNOU M.Com. and IGNOU Online M.Com.?

No, the IGNOU M.Com. and the IGNOU Online MCom are not the same thing. Because of IGNOU's popularity, the online M.Com course has been renamed IGNOU MCom. IGNOU online M.Com. and IGNOU M.Com. are two options. Students are not required to attend the IGNOU M.Com. course on a regular basis and may study at their own pace. IGNOU offers an online-learning M.Com. programme.

IGNOU M.Com./Distance M.Com. Vs IGNOU Online M.Com.

Because IGNOU's Distance programme is now an online course, the IGNOU Online M.Com. differs from the IGNOU Distance M.Com. Following the COVID 19 pandemic, the highest level of online training is very important. As institutions collapsed, distance colleges saw the opportunity to continue their studies online, and IGNOU became an online institution as a result. As a result, we can claim that IGNOU's M.Com programme is both a distance and an online education course.

Placement Assistance at IGNOU

The M.Com. degree at IGNOU is the go-to option for those who want to study and work at the same time. IGNOU M.Com, on the other hand, is aimed to encourage further study or even to apply for a PhD. Students in different MNCs in various sections of the economy have higher profiles after completing their M.Com. In fact, as India's tax system grows, students have been advertising positions in other government initiatives that require the professional capabilities of M.Com specialists. Also Find: Top 22 IGNOU Alternatives Universities.

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

IGNOU has 67 regional centres across India, with 54 of them offering MCom courses. New Delhi, NOIDA, Mumbai, Lucknow, Nagpur, Panji, Bihar, and other regional centres are among them. You may find a complete list of these regional centres in the IGNOU prospectus. To do so, you must first download the prospectus from the website, and then look for the regional centres on the prospectus' last pages.

Conclusion

Students with a distance M.Com. will be able to find excellent professions with decent salaries and opportunities for promotion. The IGNOU degree has a lot of credibility, and it'll be a good place to start for individuals who wish to study and work at the same time. If you're still on the fence about going ahead with it, now is the time to decide. Working professionals will find this to be one of the best possibilities because their lives are already overburdened. I believe you now have a full understanding of IGNOU's distance MCom programme.

FAQs

⭐ Is IGNOU Online M.Com. AICTE Approved?

Yes, IGNOU online M.Com. is approved by AICTE. Besides M.Com., all the courses offered by IGNOU are approved by AICTE.

⭐ When to Apply for IGNOU M.Com.?

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

⭐ How to Apply for IGNOU Online M.Com.?

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

⭐ Is IGNOU Online M.Com. Valid for Government Jobs?

Yes, IGNOU M.Com. 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.

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