ACCA with MCom – Is It A Good Idea? How Much Time Do You Need? Is It Really That Easy?

Today’s competitive job market has created an environment where a graduation degree is not enough when looking for jobs with lucrative pay and benefits. Pursuing additional qualifications, even with a master’s degree, has become a norm for students looking to stand out to potential employers.

For those with ambitions in finance and accounting, combining an MCom with an ACCA qualification could be the right move to broaden career prospects, increase job opportunities and gain global recognition.

But what does combining a Master of Commerce degree with ACCA entail and is it really as manageable as it seems? Let’s dive in to see if ACCA with MCom is a worthwhile option for you.

Why Students Seek Additional Qualifications to Enhance Their Career Prospects

In a rapidly evolving global economy, employers are increasingly seeking candidates who bring a blend of academic knowledge and professional skills. The MCom degree gives a broad understanding of finance, accounting, and economics.

The syllabus adds on what you have learnt in your bachelors, reinforcing key concepts. They help strengthen your foundation without diving deep into each subject.

While ACCA (Association of Chartered Certified Accountants) can significantly enhance your professional profile. They build on your foundational knowledge with advanced training and strategic management skills, equipping you with expertise that goes beyond basic concepts.

ACCA not only deepens your expertise but also positions you as a versatile professional with global qualifications, making you highly attractive to employers both in India and abroad.

Furthermore, ACCA’s global recognition across 180+ countries significantly expands your career opportunities, setting you apart as a competitive candidate.

Also Read – Becoming an ACCA in 2025: Essential Steps & Tips By Experts

How Can ACCA Complement Your MCom Degree?

While an MCom degree focuses on the theoretical and research-based aspects of commerce, ACCA brings a professional angle that emphasises practical application, global standards, and ethics in finance and accounting. Together, they create a well-rounded skill set that enables you to understand both local and international financial environments.

Whether you’re aiming to join a multinational corporation, work in the big 4, climb the ranks in your current job, dip your toes in the international market, change countries, or even start your own business, combining ACCA with MCom gives you the tools you need to succeed.

5 Advantages of MCom with ACCA

1. Enhanced Career Opportunities: The ACCA qualification, combined with an MCom degree, opens up roles in accounting, auditing, financial analysis, and management. With both degrees, you’re not just limited to traditional commerce roles; you’re positioned for leadership and strategic roles.
2. Better Job Prospects: The blend of an MCom and ACCA is valued by top employers, including banks, consulting firms, and multinational corporations. ACCA members often receive preference for roles that require international standards of accounting and auditing knowledge. It also opens up doors to management roles in the Big 4 accounting firms and internationally based companies.
3. Global Recognition: ACCA is a globally recognized qualification, making it easier to pursue career opportunities outside India. This can be particularly beneficial for MCom graduates looking to work abroad or in organisations with global operations.
4. Eligibility for Exemptions: As an MCom graduate, you may be eligible for exemptions in ACCA exams. ACCA allows exemptions for upto four exams (ie. Business and Technology (BT), Management Accounting (MA), Financial Accounting (FA), and Corporate and Business Law (LW)) based on your MCom syllabus. This means you’ll have a shorter path to completing ACCA.
5. Flexible Study Path: ACCA offers flexibility in terms of when and how you complete the exams. This means you can study part-time and adapt the learning to fit around your MCom commitments, work, or other personal obligations.

Also Read – The ACCA Syllabus – All Levels Explained In Detail

3 Challenges Faced While Pursuing ACCA with MCom

While the benefits are substantial, pursuing ACCA alongside MCom comes with its own set of challenges.

1. Time Commitment: ACCA demands significant study time, especially if you’re already enrolled in a full-time MCom program. Balancing both requires a well-structured study plan to avoid burnout.
2. Increased Workload: Completing coursework for MCom and studying for ACCA exams simultaneously can be overwhelming, particularly during exam seasons. Prioritising subjects and managing deadlines are crucial skills to develop.
3. Financial Investment: ACCA is a globally recognized qualification and comes with its own set of costs, including exam fees and study materials. This can add to the expenses already associated with an MCom degree.

How Much Time Do You Need?

Understanding the time commitment is essential to realistically plan your study journey.

• Duration of ACCA: ACCA typically takes 3 – 5 years to complete if pursued independently. However, students with relevant qualifications like an MCom may be eligible for exemptions, reducing the number of exams they need to take and the time taken to complete the qualification.
• Duration of MCom: An MCom program generally takes 2 years to complete on a full-time basis.
• Time Taken for Both: If you’re pursuing ACCA alongside MCom, expect an extended study period. Exemptions can shorten the ACCA timeline, but it still requires effective time management and prioritisation. Theoretically, earning both should take around 3 – 4 years.
• Factors Affecting the Time: Various factors like exemptions, prior work experience, time management, and other personal or professional commitments can influence how long it takes to complete both qualifications.

Also Read – What is the cost of doing ACCA in India? ACCA Fees structure

Is It Easy to Manage ACCA with MCom?

Managing ACCA with MCom is feasible but requires discipline, planning, and commitment. Breaking down study materials, setting achievable goals, and pacing yourself can make a significant difference.

To make this journey smoother, you have an option of applying to a university that offers programs that allow you to earn both qualifications together, making it easier to streamline your studies and manage your time effectively.

The other, predominantly preferred, option is to take the help of coaching schools or mentors who can help you navigate both the qualifications well.

How Proschool Helps You Ace ACCA Along with Your MCom

At Proschool, we understand the challenges students face when juggling multiple qualifications. We offer customised support and resources that align with both ACCA and MCom.

With expert guidance, live doubt-solving sessions, and flexible study options, Proschool can help you balance both qualifications and stay on track. Here’s how our program is tailored to help you manage ACCA with MCom:

• Expert Coaching: Their faculty are experts in ACCA, offering deep insights into the syllabus and exam techniques, ensuring you’re well-prepared.
• Flexible Study Options: Whether you need online classes, weekend sessions, or customised schedules, they provide options that fit your availability.
• Exam-Ready Materials: Their study materials blend the depth of ACCA’s syllabus with the essential concepts covered in MCom, making it easier to study efficiently.
• Personal Mentoring: From doubt-clearing sessions to guidance on balancing studies, their mentors support you every step of the way.

Conclusion

Combining an ACCA qualification with an MCom degree is an investment in your future. This decision will unlock a range of global career opportunities in finance, accounting, and beyond. Although it demands commitment, effective time management and financial planning, the potential rewards make it a worthwhile pursuit. Your dual qualifications will pave the way for a future full of possibilities.

FAQs

Can I pursue ACCA along with MCom?

Yes, you can pursue ACCA alongside MCom. With proper planning, many students successfully manage both.

Do I need to finish MCom before pursuing ACCA?

Not necessarily. You can pursue both simultaneously, and you may even receive ACCA exemptions based on your MCom qualifications.

Will I get exemptions in ACCA if I have an MCom degree?

Yes, as an MCom graduate, you may be eligible for exemptions for up to nine exams, depending on your specific coursework.

Is ACCA necessary if I already have an MCom degree?

While not necessary, ACCA adds global recognition and specialised knowledge, enhancing your career prospects significantly.

How much does it cost to pursue ACCA along with MCom?

The cost varies depending on ACCA fees, study materials, and coaching expenses. However, Proschool offers flexible financing options to make it manageable.