Career After M.Com: Jobs, Salary, Admissions, Employment Sectors, Recruiters

MCom is a two year PG degree programme in Commerce. Check here all about career after MCom including employment sectors, best specialisations, job options, salary, government jobs and more.

Career After MCom; Check MCom Jobs, Career Paths, Industries, etc.

Career after MCom, or Master of Commerce, is highly coveted at the postgraduate level. The MCom is a foundational PG degree course within the Commerce stream, spanning two years and offering an in-depth focus on subjects covered in a BCom degree. This postgraduate Commerce program deepens one's understanding of various subjects such as Accounting, International Business, Business Environment, Finance, Banking, Management, Insurance, and more. However, selecting a career path from a multitude of specialisations can be challenging for an MCom graduate.

Securing a high-paying job after MCom can be challenging due to the abundance of alternative fields. This article provides guidance on career opportunities after MCom, potential employment sectors, and further courses to consider following an MCom.

Employment Sector After MCom

Space below mentions some of the top employment sectors recruiting MCom graduates:

• Insurance Industry
• Educational Institutes
• Customs Department
• Economic Consulting Firms
• Commercial Banking
• International Banking
• Investment Banking
• Accounting and auditing
• Tax advisory services
• Financial services
• Insurance services
• Government services

M.Com Specialisations with Job Opportunities

There are numerous jobs after completing a commerce degree. Job opportunities after M Com majorly depend upon the specialisation of the PG degree course. Some MCom specialisations that help in landing a high-paying job are as follows.

1. Finance: With an M.Com degree majoring in finance, one can become a banker, management consultant, stockbroker/trader, Actuary, or Financial analyst, among other job roles.
2. Banking and Insurance: With an MCom specialisation of Banking and Insurance, one can get a decent-paying job as Internal Auditor, Development Officer, Insurance Manager, Investment Analyst, Loan Counsellor, Loss Control Specialist, etc.
3. International Accounting: Candidates holding an M.Com degree with International Accounting as a major can get several job opportunities as an accountant in international firms.
4. Economics: Jobs after holding an MCom degree majoring in Economics include becoming an Economist, Market Research Analyst, Credit Analyst, Statistician, Financial Analyst, Lecturer, etc.
5. Taxation: Graduates with an M.Com degree specialising in Taxation can get jobs as Financial advisors or Advisor to Tax Law Court. In addition, one can become a financial analyst, tax accountant, or tax consultant.

Career Options After MCom

With an M.Com degree, candidates become well-equipped for the job position of an Auditor, Business Analyst, Company Secretary, Consultant, Tax Accountant, Finance Officer, Stock Broker, Sales Analyst, and Economist. In addition, an MCom graduate can also appear for government exams to get public sector jobs. Some of the high paying job roles offered to M.Com graduates are as follows.

Cost Accountant

A Cost Accountant is a financial expert who is involved in evaluating the cost associated with a service or its manufacturing. Primary roles of a cost accountant include evaluating overall profit and loss statement, analysing a position and suggesting a budget to make the same profitable. In addition, a Cost Accountant takes into account the costs incurred in manufacturing, shipping and administration.

Even though the knowledge obtained during an MCom degree course is apt to land a decent job as a cost accountant, one can pursue professional courses to delve deeper knowledge of Cost and Management Accounting.

Also Read: Career as Cost Accountant

Tax Consultant

A Tax Consultant or a career in taxation revolves around professionals guiding individuals with their tax-related queries and helps them in short term and long term tax optimisation. Taxation refers to imposing a tax by a taxing authority generally the Government. Taxes can include income, estate, capital gains, etc. Tax consultants generally hold a degree in law, accounting, finance or any related field. To establish a career as a tax consultant, one will need an understanding of accounting practice and theory, tax laws, and finance management.

With an M.Com degree, one can get a job in a taxation consultancy firm; however, individuals with an LLB degree are preferred by taxation firms to manage legal tax matters.

Also Read: Career as Consultant

Certified Public Accountant

Certified Public Accountant is a designation given to licensed accounting professionals. CPA is a financial advisor who helps businesses, and individuals plan and reach their financial goals. CPAs are generally confused with accountants; however, not all accountants are CPAs, but all CPAs are accountants. The primary difference between a CPA and an accountant is education and certification. One holding an MCom degree can proceed for a CPA certification imparted by the American Institute of Certified Public Accountants (AICPA).

The services of a CPA are required by the smallest start-up to the Fortune 500 companies. CPAs are hired by businesses and industries as corporate accountants, government, not-for-profit government organisations among other entities. Reviewing a company's financial information, preparing finance-related documentation, performing audits, and filing taxes are the primary roles of a CPA.

Sales Analyst

A sales analyst is a professional hired by an organisation to evaluate and identify the past trends of sales. Sales analysis is required to boost business by analysing the industry data. Sales analysts prepare a defined plan in the form of weekly/monthly reports and present the same to the Senior Management and sales team. Besides preparing reports, a sales analyst is responsible to identify new sales trends in the industry and undertake relevant marketing campaigns.

A sales analyst takes into consideration a company's manufacturing, supply chain, and marketing systems to analyse the shortcomings. The job position of a sales analyst is a perfect fit for candidates with a keen interest in sales and marketing with an M Com degree. The M.Com degree holder has adequate knowledge of finance to prepare a suitable plan of action.

Investment Banker

An investment banker is a professional who helps organisations, governments, or other entities to raise capital via different sources. Investment bankers are the professionals hired by financial institutions to examine the financial health of an organisation, its capital needs, and goals. In addition, an investment banker’s role includes recommending strategies to manifest them. Besides laying out problems and suggesting strategies, the primary role of an investment banker is to act as a bridge between organisations that are in need to raise money and individuals/organisations looking to make financial investments.

With an interest in the investment sector, an MCom degree holder can land a high paying job after completing the degree. Candidates can also proceed for specialised investment banking courses to land a job as an investment banker.

Also Read: Career as Investment Banker

Financial Analyst

A financial analyst studies the financial health of an organisation and prescribes measures to fulfil the interests of a company’s stakeholders. Studying market trends along with microeconomic factors are the key responsibilities of the financial analyst. A study by the financial analyst in turn helps companies make smart investment and business decisions. The professional can also advise an organisation to issue bonds, release IPO/ split stocks and other finance consultancies. Besides helping organisations in their future investment plans, a financial analyst studies how and where a company has invested, along with its security and viability.

Good knowledge in finance is a way to become a financial analyst. Although, an individual with a B.Com Hons. degree majoring in finance gets a job as a financial analyst, an M.Com majoring in Finance is preferred. Besides bachelors or a masters degree, an individual can complete levels 1, 2, and 3 of the CFA course by appearing for the CFA exam conducted by a US-based CFA institute.

Also Read:

• Career as Financial Analyst
• All about CFA Placement

Chartered Accountant

A Chartered Accountant in other words is a certified accountant who is responsible to handle all the financial reports to be produced by the business. Chartered Accountant, commonly known as CA, reviews financial reports/bills and organises the finances for easy knowledge of an organisation about its spending and investments. With the help of a CA, senior management finds it easy to make business decisions to reduce spending and upscale production to increase revenue.

Aspirants need a certification of Chartered Accountancy to practice as a professional CA in India. One needs to qualify for three levels of the ICAI CA exam conducted by the Institute of Chartered Accountants of India (ICAI). Some prefer to pursue Chartered Accountancy with a bachelor’s degree in Commerce, while some prefer the same with an MCom degree.

Also Read: Career as Chartered Accountant

Internal Auditor

Internal Auditors, as the name suggests, are responsible to check the internal affairs of the companies. Internal audits by the professionals help find strengths and weaknesses within the organisational framework. Internal Auditors generally report to upper-level management such as the Board of Directors. The role of an auditor varies across businesses. Internal auditors evaluate certain business standards including sales, manufacturing, the performance of an employee, etc. Typically, accounting is an area where internal auditors are placed.

With an M.Com degree becoming an internal auditor in the field of accounting is a piece of cake. Big 4 companies hire accounting professionals for the role of internal auditors. Being the expertise required, hiring a bachelor’s degree holder is not preferable by several companies. Some companies tend to hire individuals with a bachelor’s degree holder and are Certified Internal Auditors.

Corporate Secretary

A Corporate Secretary, also known as Company Secretary (CS), is a position held by an individual who is certified to handle all key aspects of the firm as per the rules and regulations laid by the government. Filing company’s tax returns, keeping financial records, advising Board of Directors on financial aspects of the company.

Corporate Secretaries are expected to hold a bachelor’s degree along with a Company Secretary certification regulated by the Institute of Company Secretaries of India (ICSI). With the knowledge obtained by an MCom degree, qualifying the ICSI CS exam becomes easier.

Also Read: Career as Company Secretary

Stock Broker

Stock Brokers are shareholders registered representatives are individuals who provide financial advisory services. In addition, stockbrokers execute stock trades on behalf of the shareholders such as the sale or purchase of stocks, debentures, and other financial securities. In return, the stockbrokers charge a commission or fee for their services. Individuals or organisations providing such services are termed, stockbrokers.

Stockbrokers help their clients manage their portfolios and provide investment advisory in the best interest of the clients. Stockbrokers need to have excellent interpersonal and communication skills to work in sync with the client’s interests. A B.Com and M.Com degree is not a prerequisite of becoming a stockbroker; however, it can help individuals gain knowledge of the debt and security markets.

Also Read: Career as Stock Broker

Salary After M.Com Degree

Even before enrolling on a course, aspirants are worried about the placements. The table below mentions the MCom jobs and average salaries after completing the course.

Jobs after M Com and Salary

Source: Payscale.com

Government Jobs for M.Com Graduates

Candidates can appear for government exams or get government jobs after completing the PG degree in Commerce. Few exams are conducted for government posts at central and state levels. Some of these exams include:

• IBPS PO
• SBI PO
• RBI Grade B Officer
• SBI Clerk
• IBPS Clerk
• UPSC CSE | IAS Exam
• SSC CGL exam
• RRB NTPC
• LIC AAO

Also Read: List of Government Exams

Courses After MCom

After completing an M.Com degree course, some candidates opt for a PhD or an M.Phil course. Besides higher education, candidates can pursue professional or job-oriented certification courses to get an extra edge over other candidates applying for the same job position.

Professional Certification Courses after M.Com

1. Cost and Management Accounting (CMA): Institute of Cost Accountants of India conducts the CMA exam at three levels namely, Foundation, Intermediate and Final. Candidates qualifying the exam are honoured with a CMA certification.
2. Chartered Accountancy (CA): The Institute of Chartered Accountants of India conducts the ICAI CA exam in three levels to certify Chartered Accountants in India. Candidates qualifying all three levels of CA exams are considered qualified to practise accountancy in India.
3. Chartered Financial Analyst (CFA): The CFA programme is imparted by the US-based CFA Institute to grant CFA charter to the qualifiers. Candidates need to qualify three levels of the CFA exam to become certified financial analysts.
4. Company Secretary (CS): Institute of Company Secretaries of India (ICSI) conducts the CS exam in three levels, i.e. Foundation, Executive and Professional levels. Candidates need to qualify for all three levels of the ICSI CS exam to get the certification as a Company Secretary.

Other Accounting & Commerce Certifications

• Certified Financial Planner (CFP)
• Certified Public Accountant (CPA)
• Chartered Certified Accountant (ACCA)
• Chartered Alternative Investment Analyst (CAIA)
• Chartered Global Management Accountant (CGMA)
• Chartered Financial Consultant (ChFC)
• Financial Risk Manager (FRM)
• Financial Modelling

M.Com Top Recruiters

Top recruiters offering lucrative packages to M Com graduates are listed below.

• SBI
• ICICI Bank
• Punjab National Bank
• Citibank
• Deloitte
• HDFC
• TFC
• PwC
• KPMG
• RBS
• IndusInd Bank
• Ernst & Young

MCom is an all-encompassing education degree imparted at the PG level. Graduates of the M.Com degree programme are spread across different segments and sectors including Finance, Banking, Sales, among others. Graduates can even start working right after obtaining the degree, pursue higher education, or go for professional certification courses such as CA, CMA, CPA, CFA, CS, etc.

Irrespective of future aspirations, candidates must enrol themselves into one of the top M.Com colleges in India with an overall high rank and rating.

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