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M.Com is a versatile field of study. Any M.Com aspirant can explore an array of job options in business or corporate positions. These include roles such as account managers, business developers, risk analysts, marketing managers, sales associates, product managers, project officers, corporate communications, and bank managers, to name a few.
Most of these roles pay an above-average standard salary. Besides, in today’s world, roles and responsibilities have diversified. And, a degree such as M.Com leverages your skills to take on any corporate role at the entry-level at least. You can even go into research and academia with further learning after you have finished your M.Com debris from a reputed institute of commerce.
Job Opportunities after M.Com
MCom offers a diverse range of career options. There is a myriad of job opportunities after you have completed your MCom degree. A few of the most sought after ones have been discussed in the table below:
|Job Name||Job Profile||Lowest Payscale||Highest Payscale|
|Account Assistant||Managing the accounts for the business and its clients and managing expenditures and suggesting budgetary adjustments.||INR 1.2 Lakhs to INR 3 Lakhs||INR 3 Lakhs to INR 6 Lakhs|
|Business Analyst||You will analyse the internal workings of the business based on data and insights. Use performance tracking and monitoring to monitor employees and customers.||INR 2.5 Lakhs to INR 8 Lakhs||INR 8 Lakhs to INR 15 Lakhs|
|Investment Banker||This is a relatively new job role that is trending among freshers. You have to read and understand markets and chart investments to ensure reduced risk and higher returns. It is a high growth role.||INR 3 Lakhs to INR 9 Lakhs||INR 9 Lakhs to INR 50 Lakhs|
|Marketing Manager||A marketing manager takes care of all the sales and marketing related work for the business. This involves setting up partner meetings, leading events, online campaigns, advertisement policies, client communication strategies, etc.||INR 3 Lakhs to INR 8 Lakhs||INR 8 Lakhs to INR 30 Lakhs|
|Operations Manager||An operations manager handles the pipeline on behalf of the company. This will involve managing manufacturers and vendors, setting up adequate logistics and supply chain arrangements, etc.||INR 3 Lakhs to INR 8 Lakhs||INR 8 Lakhs to INR 20 Lakhs|
|Finance Consultant||A finance consultant checks where the company is leaking money and offers adjustments based on the goals set. The job is to manage the revenue operations on behalf of the company.||INR 1.8 Lakhs to INR 6.5 Lakhs||INR 6.5 Lakhs to INR 20 Lakhs|
|Chartered Financial Analyst||A chartered financial analyst can handle predictive analysis and is versed with the frameworks of chartered accountancy. Alongside managing the accounts, they suggest cost reduction methods, implore redundancies in the business, look after the budget allocations, etc.||INR 3 Lakhs to INR 6 Lakhs||INR 6 Lakhs to INR 20 Lakhs|
|Company Secretary||A company secretary ensures effective daily business operations. This role includes ensuring compliance with regulations and employee relations. It also includes maintaining cordial relationships with past and current clients and implementing board decisions.||INR 2.5 Lakhs to INR 6 Lakhs||INR 6 Lakhs to INR 20 Lakhs|
Moreover, many of these roles have different names and hierarchies in different organisations. This depends on the size, scale and culture and nature of the business at large. Other roles such as revenue strategist, risk analysts, and corporate communications are also high growth roles where the salary can vary from 4 LPA to over 50 LPA depending on your skills and expertise.
MCom is a comprehensive business course. It encompasses almost every aspect of a corporate setup; hence it is inter-sectional in terms of avenues you can explore after completion of the degree.
Here is a table containing the various industries that you can work at after you finish your M.Com degree from any recognised institute:
Jobs after M.Com: Specialisation Wise
Here is a table of the popular jobs after finishing an M.Com degree with a recognised specialisation:
|Specialisation||Job Names||Job Profile|
|M.Com Taxation||Tax Consultant, Corporate Taxation Specialist||These roles revolve around the taxation policies that a business must comply. It also encompasses income taxation and other surge payments. You can also work as a tax consultant with a portfolio of clients. You may also have to create compliance guidelines and regulatory frameworks for corporate legal and fiscal structures.|
|M.Com Business Management||Business Development Associate, Business Manager, Chief of Staff, Business Analyst, Project Manager, Product Manager, and Community Manager.||You will lead business operations such as getting in touch with clients, customers and partners, generating leads, creating new business development avenues, facilitating operations, etc. These are often outward-facing roles that require strong verbal and written communication abilities.|
|M.Com Banking and Finance||Branch Manager, Financial Analyst, Investment Banker, Bank Accountant, Corporate Bookkeeper, Financial Consultant||These roles are technical roles that are embedded within financial and fintech organisations to help manage daily revenue operations. Branch managers lead bank branch offices and all their operations. Investment bankers and analysts use data and insights to predict higher income.|
|M.Com Accounting and Finance||Cost Accountant, Revenue Strategy, Accounts Manager, Wealth Manager, Revenue Strategist||Cost accountants manage the accounts and balances for the company at large. Revenue strategists use the data and insights to analyse and propose strategies to streamline expenses and accelerate growth. Account Managers handle communication and client relationships for the company.|
|M.Com Financial Management||Risk Analyst, Investment Consultant, Financial Consultant, Financial Associate, Wealth Manager||These are specialised roles that offer a high growth potential based on your performance. These roles use data to predict demands and their strategies. There are a few non-technical roles in this specialisation as well. These may include strategy or growth marketing based tasks.|
|M.Com Computer Applications||Business Development Associate, Business Analyst, Product Manager, Tech Consultant, HRMS manager||With the added knowledge of computer applications and business software, you can fit into any tech-backed organisation easily. Moreover, you can take up any commercial role in such an organisation. This is one of the most popular specialisations in the MCom regime today. Most digital organisations are actively recruiting candidates with tech-savvy commerce know-how.|
Career Benefits after M.Com
MCom is not a professional course and allows you a pedestal to specialise further in technical roles in the industry. As commerce gets more diverse today, these technical roles are becoming significantly important.
Here are a few benefits of taking up the M.Com degree and the prospects for your career thereafter:
- You can pursue an MBA degree or a Fellowship in Business Management to further align your skills to the business environment.
- You can take up a Chartered Accountancy course or a CFA course to specialise in specific aspects of finance.
- You can pursue a Doctorate in commerce or a business-related field. This will allow you to become an assistant professor or a research scholar in the long run.
- You can start your own small business. Understand your forte and use your commercial knowledge. Resolve today’s financial issues.
- Work as a risk analyst or portfolio analyst at major international banks. Predict real-world risks to make investments more profitable.
- Work as a stockbroker or equity researcher at similar large investment forums and get hands-on market trading experience.
- Government banks and public offices offer great job security and actively recruit MCom professionals.
Skills required for M.Com Graduates
M.Com is a commercial course, and employers seek a few basic professional skills in M.Com graduates. These professional skills include the following:
- Logical Reasoning
- Communication- Verbal and Written
- Strong Mathematical Ability
- Knowledge of Data and Statistics
- Critical Thinking
- Ability to use software and technologies
- Leadership and Managerial Skills
- Strong Interpersonal skills
- Ability to Strategise or Design Think
- Adequate knowledge of the BFSI sector
- Good organisational skills
- Understanding of national and international markets
- Updated about current trends in the industry
Factors to consider before taking a job after M.Com
Most academically inclined post-graduate degrees such as the M.Com degree to have a diversified course structure that allows enough room for the student to learn and specialise based on their interests and abilities.
In this regard, here are a few important factors that you must consider before applying for a job after your M.Com degree:
- Choose the job or career option based on the subjects you prefer.
- Don’t consider the pay scale as the only priority for the fresher jobs you apply.
- Take additional courses for skill development programmes even beyond your standard curricula. Most in-demand skills are learnt from such external sources.
- Develop a penchant for communication. Most of your burden is lessened if you can communicate your issues well.
- Most of the specialised roles after an MCom degree are unconventional roles that may require technical expertise beyond your usual coursework.
- Check whether you’d prefer a start-up or a large conglomerate to start off your career
- Prepare yourself to entertain and meet deadlines and work on a tight daily schedule.
Salary offered to M.Com Graduates
Here is a table containing the list of the various pay scales offered for the diverse roles under the M.Com umbrella:
|Job Name||Lowest Payscale||Highest Payscale|
|Account Assistant||INR 1.2 Lakhs to INR 3 Lakhs||INR 3 Lakhs to INR 6 Lakhs|
|Business Analyst||INR 2.5 Lakhs to INR 8 Lakhs||INR 8 Lakhs to INR 15 Lakhs|
|Investment Banker||INR 3 Lakhs to INR 9 Lakhs||INR 9 Lakhs to INR 50 Lakhs|
|Marketing Manager||INR 3 Lakhs to INR 8 Lakhs||INR 8 Lakhs to INR 30 Lakhs|
|Operations Manager||INR 3 Lakhs to INR 8 Lakhs||INR 8 Lakhs to INR 20 Lakhs|
|Finance Consultant||INR 1.8 Lakhs to INR 6.5 Lakhs||INR 6.5 Lakhs to INR 20 Lakhs|
|Chartered Financial Analyst||INR 3 Lakhs to INR 6 Lakhs||INR 6 Lakhs to INR 20 Lakhs|
|Company Secretary||INR 2.5 Lakhs to INR 6 Lakhs||INR 6 Lakhs to INR 20 Lakhs|
This range can, however, differ from region to region and from company to company.
The following are the pay scales for a few of the specialised career roles after a specialised M.Com degree:
|Job Name||Lowest Payscale||Highest Payscale|
|Risk Analyst||INR 3 Lakhs to INR 8 Lakhs||INR 8 Lakhs to INR 20 Lakhs|
|Investment Analyst||INR 3 Lakhs to INR 8 Lakhs||INR 8 Lakhs to INR 20 Lakhs|
|Business Development Associate||INR 4 Lakhs to INR 10 Lakhs||INR 10 Lakhs to INR 30 Lakhs|
|Chief of Staff||INR 6 Lakhs to INR 10 Lakhs||INR 10 Lakhs to INR 50 Lakhs|
|Technology Consultant||INR 4 Lakhs to INR 8 Lakhs||INR 8 Lakhs to INR 20 Lakhs|
Top Recruiters for M.Com
Here is a table with the list of top companies that recruit M.Com graduates for multi-faceted growth-oriented roles:
|Price Waterhouse Cooper (PWC)|
|Ernst & Young|
|State Bank of India|
|Tata Consultancy Services|
Popular Cities that offer lucrative Jobs to M.Com Graduates
The best jobs in M.Com are offered to students in the following cities: