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10 best job options with salary after MCom

Commerce

Blog Date
December 4,
2023

A master’s in commerce (MCom) helps in enhancing career prospects by imparting advanced knowledge and skills in financial management, accounting, economics, and business strategy. This postgraduate degree equips individuals with a deeper understanding of complex financial concepts, making them highly sought-after in various industries. MCom graduates often secure senior-level job roles with higher salary packages, as their specialized expertise enables them to navigate intricate financial problems. The program not only hones analytical and strategic thinking but also fosters a comprehensive understanding of contemporary business challenges, positioning graduates as valuable assets in the competitive job market. 

10 best jobs after MCom and Salary

Master’s in commerce (MCom) graduates have a diverse skill set that opens up various job opportunities in the fields of finance, accounting, management, and more. Here are 15 job options for MCom graduate:

Job RoleAverage Starting Salary (INR per year)
Treasury Manager6.00 – 7.20 Lakhs
Management Accountant4.80 – 5.40 Lakhs
Investment Banker4.80 – 6.00 Lakhs
Financial Analyst4.20 – 5.40 Lakhs
Forensic Accountant4.20 – 4.80 Lakhs
Tax Consultant4.20 – 4.80 Lakhs
Financial Planner3.60 – 4.20 Lakhs
Business Analyst4.00 – 4.80 Lakhs
Market Research Analyst3.60 – 4.20 Lakhs
Risk Analyst4.20 – 4.80 Lakhs
Auditor3.60 – 4.20 Lakhs
Sources: Michael Page, Robert Half, Deloitte, KPMG, Indeed, Monster India, Glassdoor, and AmbitionBox
  • Treasury Manager: Managing an organization’s financial assets, including cash, investments, and risk management. A treasury manager can earn an annual salary of up to INR 33.5 LPA
  • Management Accountant: Involves preparing financial reports, budgeting, and providing financial advice to support managerial decisions. They can earn an annual salary of up to INR 25.5 LPA
  • Investment Banker: Working in financial institutions to provide financial services such as mergers and acquisitions, underwriting, and advisory services. Investment bankers can earn an annual salary of up to INR 40 LPA
  • Financial Analyst: Analyzing financial data, preparing reports, and providing insights for decision-making in businesses. They can earn an annual salary of up to INR 11 LPA
  • Forensic Accountant: Investigating financial discrepancies, fraud, and white-collar crimes. These professionals can earn an annual salary of up to 13 LPA. 
  • Tax Consultant: Assisting individuals and businesses in complying with tax regulations and optimizing their tax strategies. Tax consultants can earn an annual salary of up to INR10 LPA. 
  • Financial Planner: Helping individuals and families with financial planning, including investment, retirement, and estate planning. A financial planner can earn an annual salary of up to INR 13,9 LPA 
  • Business Analyst: Analyzing business processes, identifying areas for improvement, and recommending solutions. They can earn an annual salary of up to INR 15.5 LPA
  • Market Research Analyst: Studying market trends, analyzing data, and providing insights to help companies make informed business decisions. They can earn an annual salary of up to INR 8 LPA
  • Risk Analyst: Evaluating financial risks and proposing strategies to mitigate them. Risk analysts can earn an annual salary of up to INR 17.9 LPA
  • Auditor: Examining and evaluating financial statements to ensure accuracy and compliance with regulations. Auditors earn an annual salary of up to INR 9 LPA

These job options cater to different interests within the broad field of commerce, allowing MCom graduates to choose a career path that aligns with their skills and preferences.  

Also read: Global job opportunities for MCom graduates 

Higher education and other career options after MCom 

  1. MBA in finance 

If you are seeking the best career options after MCom, MBA or master’s in business administration, it is a popular higher education program for students all around the globe. This two-year program provides students with specialized and cross-functional management expertise. Manipal University Jaipur offers an online MBA in finance course as well that allows you to study at your own pace. Do visit the Online Manipal website to know more about the best career option after MCom. 

  1. Chartered Accountant 

CA, or Chartered Accountancy is unquestionably one of the best courses to pursue after finishing an MCom. Students interested in taxes and accounting should seek out a CA to obtain proficiency in both topics. The program enables students to gain and grow their knowledge in finance and taxes, and to improve their analytical and problem-solving abilities. To earn a CA certificate, one must go through three levels: Foundation, Intermediate, and Finals, as well as a 2.5-year article ship. 

  1. ACCA course 

If you are good with numbers, ACCA can be a great career option after MCom for you. 

Qualifying with an ACCA certification can provide a good edge in terms of securing better employment prospects by providing insights into the professional industry you’re interested in. It qualifies you both academically and professionally to execute your duties as an accounting professional and to pursue attractive work options that may provide you with a good quality of life. 

All of the information obtained from an ACCA professional level course assists you in achieving perfection within the corporate finance area. It also enables you to properly execute any position linked to the company and financial management concerns. 

  1. Corporate Secretary 

If you have good managerial skills and can play well with business finances, Corporate Secretary can be the best career option after MCom for you 

As the Corporate Secretary position affects every moving aspect of the entire organization, a Corporate Secretary holds several vital responsibilities in keeping an organization functioning and profitable. They are responsible for ensuring that the business remains in conformity with regulatory and legislative standards, and carrying out all decisions, amendments, and resolutions proposed by the Board of Directors. They are essentially the glue that ties the organization together. 

  1. Chartered Financial Analyst 

The CFA certification is issued by the CFA Institute and is the finest professional qualification in finance, making it the best career option after MCom for those who want to pursue a career in the financial industry.  

CFA, or Chartered Financial Analyst, is a 2.5-year study in finance and investing. If a student wants to pursue a profession in finance or investing, this is the course to take. In this course, students will learn about financial analysis, derivatives, funds, bonds, investment, and portfolio management.  

Also read: Best MCom project ideas 

Government jobs for M.Com graduates 

The government sector offers the best career options after M.Com at all levels. A government job begins with becoming an officer in a government bank or a corporation in the finance, accounting, and management department of the commerce industry. If a candidate wants to advance in a government job, obtaining an MCom degree from an accredited institution is the ideal choice. 

There are several MCom job opportunities in the government banking business. Let’s take a look at the government jobs for MCom freshers in the financial sphere: 

  • SBI PO 

SBI (State Bank of India) runs the SBI PO competitive test for Probationary Officers. The assessment is conducted every year for the students. 

The test only consists of three stages. 

  1. Preliminary Examination 
  1. Main Examination 
  1. Personal Interview or Group Discussion  
  • RBI Grade B Officer 

Every year, the Reserve Bank of India holds the RBI Grade B Officer Examinations. This test is for individuals interested in becoming Grade B officers at the premier banking regulator in India. The RBI conducts tests for officers and office assistants in a number of areas. 

The test consists of two stages. 

  1. Preliminary Examination 
  1. The main examination 
  • IBPS PO 

The Institute of Banking Personnel Selection (IBPS) conducts three-part exams for the position of Probationary Officer (PO) in all public sector banks. 

The job description will call for the individual to do general banking, clerical oversight, and other bank administration-related tasks. 

The exam takes in the three stages  

  • Preliminary examination 
  • Mains examination 
  • Interview round 

Online MCom: A better way to earn an advanced degree in commerce 

We live in an era when professionals with MCom are sought after by many sectors and industries. Everyone, from a fresh commerce graduate to a working professional, everyone can now pursue an MCom course online.  

Check out: Differences between an online MCom and traditional MCom 

Why should you pursue for an online MCom course? 

1. Flexibility 

The biggest advantage of taking an online MCom degree is the freedom in pursuing a career amid work schedule and other commitments. For example, if you are an elite golfer and want to devote time to this sector of life, an online MCom program will provide you with plenty of time to perfect your skill. 

2. Overcome geographical limitations 

Geography or location is crucial in obtaining a good education. Due to their locality, students are often limited in their choice of institution for an MCom program. However, when it comes to online classes, this is no longer an issue. You may live in a small town and yet enroll in an internationally accredited online MCom program from Manipal University Jaipur through Online Manipal. 

3.Learn from anywhere: 

Online education allows you to take courses from anywhere, at any time – whether it’s your house, a coffee shop, or a library. All you need is a high-speed, consistent internet connection and a laptop/smartphone/tablet. 

4. Global interaction 

Students from all around the world enroll in an globally recognized and accredited university like Manipal University Jaipur which offers an online MCom program. This makes the academic atmosphere more inclusive and enables you to engage with individuals from other countries. It’s a terrific opportunity to meet new people while also learning about various cultures. Thus, online MCom degree programs offer you the best job opportunities across the globe 

Also read: B.Com or BBA: Which is better after 12th? 

Earn an online MCom at an affordable fee through Online Manipal 

The reputable Manipal Universities, Manipal University Jaipur (MUJ) and Sikkim Manipal University (SMU) offer online commerce degrees that have the same recognition and educational standards as the offline counterparts but offer more flexibility, accessibility, and affordability. The online MCom is a two-year postgraduate degree program structured into four semesters. Online MCom is a degree program where students acquire knowledge to get the best MCom job opportunities in banking, finance, insurance, accounting, and other commerce-related industries. Learners of online MCom offered through Online Manipal can benefit from a range of features. They can earn a degree that’s at par with the regular on-campus degrees from the comfort of their home, access e-learning materials, experts webinars, e-tutorials, e-libraries, projects and other coursework, all virtually and for free. They can even write their exams in online mode and attend virtual placement drives. 

Conclusion 

In this article, we have discussed some of the best career options after MCom and high-paying positions for a commerce student. So, if the business is one’s vocation, they don’t have to defy traditions and numerous cultural constraints. Look for opportunities and seek the best MCom job opportunities you wish to work in this VUCA world and sail with high grades. One must explore for the passion that entices them. 

Disclaimer

Information related to companies and external organizations is based on secondary research or the opinion of individual authors and must not be interpreted as the official information shared by the concerned organization.


Additionally, information like fee, eligibility, scholarships, finance options etc. on offerings and programs listed on Online Manipal may change as per the discretion of respective universities so please refer to the respective program page for latest information. Any information provided in blogs is not binding and cannot be taken as final.

  • TAGS
  • best MCom online courses
  • Online degree courses
  • online degree program mba
  • Online MCOM

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