The rising demand for commerce graduates is believed to propel the popularity of graduate and undergraduate courses like Bachelor’s of Commerce (B.com) and Masters of Commerce (MCom), among others. Moreover, the substantial increase in candidates with inclination towards economics, accountancy, finance, and statistics is also considered as a reason for the rising demand for commerce course-takers.
While B.Com is a popular under-graduation degree in commerce, MCom is a post-graduation programme that delves deep into contemporary business practices. It is a two-year professional course and has excellent value in academia as well as in industry. There are many career options after MCom in the public and private sectors. The course curriculum is well-structured to equip the students with relevant managerial skills in commerce and knowledge about contemporary business practices. Law, accounting, taxation, banking, statistics, finance, marketing, insurance, and international business operations are some of the core subjects of the course.
Jobs After MCom
As there are many career alternatives after completing MCom, such as a team manager, business leader, chartered accountant, corporate secretary, and others, it is important to choose the right career option for yourself on the basis of your area of interest.
With job opportunities in fields like money management, personal finance, accounting, and investments, MCom is the right stepping stone for commerce graduate. Further in this article, we will look at career options after MCom and trending job titles. But, before that, let’s look at some MCom career options.
List of Career Options to Pursue After MCom
Here are some of the courses you can take after completing your post-graduation degree in commerce:
Master’s of Business Administration (MBA)
An MBA MCom is a two-year programme combining theory and practice of management, done through case studies, research papers, surveys, and real-life scenarios. It helps candidates in gaining knowledge about specialized and cross-functional business management areas. In addition, it equips students with business administration and managerial skillsets.
Those inclined towards accounting and taxation, among other things can opt for chartered accountancy (CA). Interestingly, it is the most preferred and popular career options after MCom. The CA certificate comprises three levels of study, foundation, intermediate, and finals, along with 2.5 years of articleship. Moreover, it also empowers students with proficiency in finance, problem-solving, and analysis, among others.
Pursue an ACCA course
The Association of Chartered Certified Accountants (ACCA) is the global professional accounting body that offers the Chartered Certified Accountant qualification (ACCA). Those passionate about mathematics and accounting can pursue an ACCA qualification, which guarantees excellent job prospects after MCom. In addition, ACCA offers aspirants an academic edge, professional competence, and a wider spectrum of job opportunities in corporate finance and other fields.
A company secretary plays a critical role in any business organization. They look after public and private sector companies’ legal compliance and regulatory requirements. Here are some of the responsibilities of a corporate secretary:
- Administering board evaluations
- Resolving planning issues
- Conducting governance audits
- Assisting directors with education, training, and orientation
- Collaborating with the executive team
- Advising on board responsibilities and logistics
Furthermore, company secretary is one of the most rewarding career options after MCom. They play a vital role in the company’s progress, productivity and profitability. So, if you are a strategic planner and a team player, enrol to be a company secretary after MCom.
Chief Financial Officer (CFO)
The Chief Financial Officer (CFOs) is one of the topmost posts in the company. They are responsible for financial planning, tracking cash flow, evaluating and analyzing the company’s financial strengths and weaknesses, and strategizing future plans. The CFO also builds the accounting and finance teams, manages the budget, and looks into mergers and acquisitions.
List of Highest Paying Jobs after MCom
Digital marketing is a booming field that extends its wings to finance, investment companies, banks, or other corporate companies.
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Investment Banking is a highly prestigious career with handsome compensation; it is also one of the popular jobs graduates take after MCom. In addition, many job titles in the investment and finance industry like Investment Strategist, Investment Consultant, Portfolio Manager, and Private Wealth Manager pique the interest of commerce graduates. The career requires a certificate course, which teaches finance, banking, corporate investing, listing, fundraising, mergers, IPOs, transactions, and more.
Being a Tax Consultant can be best suited if you are concerned about what to do after MCom. Their profile includes helping the customers manage taxes, solve tax-related problems, draw financial judgments, and so on. Tax Consultants are highly in demand; hence, this is a much-preferred career option after MCom.
Certified Management Accountant (CMA)
Certified Management Accountant (CMA) is a prestigious credential having global recognition. It is the qualification by IMA, a US-based organization that offers umpteen courses for accountants. The curriculum of this course covers two prominent domains – financial management and management accounting. The examination is conducted in two stages, and two years of work experience are required to secure a job.
A stock broker is an authorized career professional who guides or advises shareholders on the right stock investment options. Stockbrokers buy or sell stocks and other financial assets on behalf of their clients. Their earnings multiply as they get commission or fee proportionate to their services.
In addition, there are wide range of highest salary jobs for commerce students after completing Mcom. Now that you know the job opportunities coming your way after completing MCom; let’s look at some of the popular specializations you can pursue.
What Are Some Popular MCom Specializations of 2022?
There are numerous career alternatives a graduate can take after an MCom degree. Here, we enlist top specializations of 2022 and corresponding jobs you can take; check out:
- Finance: A Banker, Management Consultant, Stockbroker/Trader, Actuary, Financial Analyst
- Banking and Insurance: Internal Auditor, Development Officer, Insurance Manager, Investment Analyst, Loan Counsellor, Loss Control Specialist
- International Accounting: An accountant in international and global firms
- Economics: Economist, Market Research Analyst, Credit Analyst, Statistician, Financial Analyst, Lecturer, etc.
- Taxation: Financial advisors or Advisor to Tax Law Court, Financial Analyst, Tax Accountant, or Tax Consultant