In light of the COVID-19 situation, Yes Bank has successfully partnered and helped the institutions achieve their vision of going cashless, while enabling payment of fees and other campus expenses through secure digital solutions.

Yes Bank aims to provide convenient and seamless payment experience through a mix of solutions including offline UPI (Unified Payments Interface) having VPA (Virtual Payment Address), QR Code based payments (Scan-and-Pay), dynamic VPA based collections and Payment Gateway options.

Yes Bank has equipped these institutions with technology and created an eco-system to go to 100% cashless.

Some of the institutions to be equipped with the solution of Yes Bank are Emmanuel English Higher Secondary School (Silchar, Assam), New Oxford School (Silchar, Assam), Shri Ram Centennial School (Agra).

The other educational institutions to be equipped with the solutions of Yes Bank are Uttam Institute of Management Studies (Agra), G.D. Goenka Public School (Agra), Mussoorie International School (Mussoorie).

Whistling Woods International of Mumbai and Silver Bells English Medium School (Nashik) are also the educational institutions to be equipped with the solutions of Yes Bank.

The other benefit of Yes Bank solution is it eliminates the use of cash for collections of fees, especially during the COVID-19 situation.

Another advantage of utilising the solution of Yes Bank is that its a seamless VPA/QR code-based transaction without the need to integrate with any payment system.

Yes Bank digitizes

The solution provided by Yes Bank is cost effective for institutions, as the transaction cost is nil and cash handling charges are eliminated.

The solution of theBank is fully secure as it eliminates the need to enter bank details or any other sensitive information like account number or debit card information for every transaction.

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The solution of the bank also has a dashboard provided to the institutions for reconciliation of various MIS, transaction updates and reports.

Chief digital officer of Yes Bank Ritesh Pai said their bank is privileged to help the institutions in the journey of transforming their campuses into a truly cashless ecosystem.

Digitizing educational institutions will encourage students to adopt digital payments in their formative years and gradually transform India into a digitally empowered society, he said.

‘The solutions are a step towards revolutionizing the payments infrastructure across education campuses in India.’

About Yes Bank

Yes Bank is a high quality, customer centric and service driven Bank. Since inception in 2004, it has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers.

The bank operates its investment banking, merchant banking and brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank.

Headquartered in Mumbai, it has a pan-India presence across all 28 states and 9 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

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Yes Bank digitizes – At the bank, they have identified specific growth sectors of the Indian economy and developed customized solutions for industry verticals.

Specialized Knowledge Banking divisions have been institutionalized within the Bank to spearhead our knowledge focus.

It also has dedicated Knowledge Bankers – experts from the industry – to offer invaluable and in-depth insights into your business, thus helping you to develop great ideas and nurture them to fruition

Often it is seen that students come forward with great enthusiasm to step into the realms of higher education, but confusion as to what course to study often puts a students in a fix.

The story will deal with similarities, differences, eligibility and career prospects and so on in connection with MBA and MCom.

Those desiring to know more about MBA or MCom can browse various sources in online and offline fronts for in-depth information. Details are mentioned below for the sake of the students:

MBA or MCom in 2025? Similarities and Differences

While both courses share some similarities, they have distinct differences in terms of their focus, curriculum, and career prospects.

Similarities

1. Postgraduate degrees: Both MBA and MCom are postgraduate degrees that require a bachelor’s degree as a prerequisite.

2. Duration: Both courses typically have a duration of two years.

3. Theoretical and practical learning: Both courses offer a mix of theoretical and practical learning, with a focus on developing analytical, problem-solving, and communication skills.

Differences

1. Focus: MBA focuses on business management and administration, covering topics like finance, marketing, human resources, and operations. MCom, on the other hand, focuses on commerce and trade, covering topics like accounting, taxation, and financial management.

2. Curriculum: The curriculum for MBA and MCom differs significantly. MBA courses include subjects like organizational behavior, business strategy, and entrepreneurship, while MCom courses include subjects like advanced accounting, taxation laws, and financial management.

3. Career prospects: MBA graduates can pursue careers in management, consulting, finance, and entrepreneurship, among others. MCom graduates can pursue careers in accounting, taxation, financial management, and research, among others.

4. Entrance exams: The entrance exams for MBA and MCom also differ. MBA entrance exams like CAT, XAT, and GMAT are highly competitive, while MCom entrance exams like DUET, BHU PET, and JNU CEE are relatively less competitive.

5. Specializations: MBA courses offer a range of specializations like finance, marketing, human resources, and operations, while MCom courses offer specializations like accounting, taxation, and financial management.

MBA or MCom in 2025? Consider these factors

When choosing between MBA and MCom, consider the following factors:

1. Career goals: What are your career aspirations? If you want to pursue a career in business management, MBA might be the better choice. If you want to pursue a career in commerce and trade, MCom might be the better choice.

2. Interests: What are your interests? If you’re interested in business and management, MBA might be the better choice. If you’re interested in commerce and trade, MCom might be the better choice.

3. Skills: What are your skills? If you have strong analytical and problem-solving skills, MBA might be the better choice. If you have strong numerical and accounting skills, MCom might be the better choice.

Ultimately, the choice between MBA and MCom depends on one’s individual goals, interests, and skills.

Eligibility

There is more to it than meets the eye as far as MBA or MCom in 2025 is concerned. One of them is the eligibility criteria. Who can choose what course, MBA or MCom in 2025? The answers are below:

MCom

Those deciding for go for MCom in MBA or MCom in 2025 must fulfill the eligibility mentioned below:

1. Bachelor’s degree: You must have a Bachelor’s degree in Commerce or a related field (like BCom, BBA, or BBM) from a recognized university.

2. Minimum percentage: You must have secured a minimum percentage (usually 50% to 60%) in your Bachelor’s degree.

3. Entrance exams: Some universities require you to pass entrance exams like DUET, BHU PET, or JNU CEE.

MBA

Those who want to go for MBA, in MBA or MCom in 2025 have to have the criteria specified below:

1. Bachelor’s degree: You must have a Bachelor’s degree in any discipline (like BA, BSc, BCom, BTech, etc.) from a recognized university.

2. Minimum percentage: You must have secured a minimum percentage (usually 50% to 60%) in your Bachelor’s degree.

3. Entrance exams: Most MBA programs require you to pass entrance exams like CAT, XAT, GMAT, or MAT.

4. Work experience: Some MBA programs require or prefer candidates with work experience (usually 1-2 years).

Additional Requirements

1. Language proficiency: Some universities may require you to demonstrate language proficiency in English, especially if you’re an international student.

2. Other certifications: Some MBA programs may require or prefer candidates with additional certifications like CA, CS, or CFA.

As far as the information above in connection with MBA or MCom in 2025 is concerned, the above mentioned skills can be of use in both MBA and MCom, these skills will be of added advantage for students of both the courses.

Colleges for MBA or MCom in 2025

MBA or MCom in 2025 is the topic of discussion and then question that comes into one’s mind is that what are the some of the well-known colleges for studying MBA or MCom. The answer is mentioned below:

– Mumbai University, Mumbai: Offers a comprehensive MCom program with specializations in Accounting, Finance, and Management.

– University of Madras, Chennai: One of the oldest and most prestigious universities in India, offering a well-structured MCom program.

– University of Calcutta, Kolkata: A highly respected institution with a long history of academic excellence, offering a comprehensive MCom program.

– Osmania University, Hyderabad: A renowned institution in southern India, offering a well-structured MCom program with various specializations.

Other notable colleges offering MCom programs include:

– Banaras Hindu University (BHU), Varanasi

– Aligarh Muslim University (AMU), Aligarh

– Jamia Millia Islamia, New Delhi

– Panjab University, Chandigarh

– University of Pune, Pune

These colleges offer a range of specializations, including Accounting, Finance, Management, and more.

It’s essential to research each college’s program, faculty, and placement opportunities to find the best fit for your academic and career goals.

MBA

IIMs

– IIM Ahmedabad

– IIM Bangalore

– IIM Calcutta

– IIM Lucknow

– IIM Indore

Non-IIMs

– Faculty of Management Studies (FMS), Delhi

– XLRI Jamshedpur

– SP Jain Institute of Management & Research (SPJIMR), Mumbai

– Management Development Institute (MDI), Gurgaon

– Indian School of Business (ISB), Hyderabad

Other notable colleges

– Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

– Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay

– Department of Management Studies (DMS), IIT Delhi

– Vinod Gupta School of Management (VGSoM), IIT Kharagpur

Fees

What else is required when it is about MBA or MCom in 2025? The fees, it is about the money one has to pay to study the course. The fees for both the courses are mentioned below for the sake of the students:

MCom

– Government Colleges: ₹1,000 to ₹5,000 per year

– Private Colleges: ₹10,000 to ₹50,000 per year

– Distance Education: ₹8,100 to ₹16,200 for the entire 2-year program

Some specific examples of MCom fees in top colleges in India are:

– Shri Ram College of Commerce: ₹50,000

– Hindu College: ₹25,800

– Hansraj College: ₹26,074

– Loyola College: ₹14,830

– Madras Christian College: ₹27,257

MBA

– IIMs: ₹17 lakh to ₹27 lakh

– Top Private Colleges: ₹10 lakh to ₹30 lakh

– Government Colleges: ₹1 lakh to ₹5 lakh

– Distance Education: ₹1.5 lakh to ₹2 lakh

Some specific examples of MBA fees in top colleges in India are:

– IIM Ahmedabad: ₹26.5 lakh

– IIM Bangalore: ₹26 lakh

– IIM Calcutta: ₹27 lakh

– XLRI Jamshedpur: ₹11.31 lakh

– FMS Delhi: ₹2.32 lakh

Keep in mind that these fees are subject to change and do not include additional expenses such as hostel fees, study materials, and other living expenses.

The fees are subject to change due to various reasons, students can visit the official websites of the institutions or can visit the institutions in person to know more about the fees.

Conclusion

MBA or MCom in 2025 are both courses with their own set of unique features, students can decided depending on their interest and career focus. A career in commerce can gets a boost on study of MCom, a career in corporate world or management world can be boosted through an MBA.

Choice between MBA or MCom in 2025 can be done considered the experience from professionals who have already proved their mettle in commerce or management sectors. Candidates also have to remember to have the required financial viability to study the courses.

Some of the institutions may be offering scholarships, candidates aiming for MBA or MCom in 2025 can also apply for these scholarships. The information can also be obtained from various online or offline sources with regards to MBA or MCom in 2025.

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