Benefits of pursuing an M.Com degree in 2023

A PG degree in commerce is a popular professional path for those interested in pursuing a master’s degree following graduation. A Master of Commerce is a prestigious two-year postgraduate degree having an advanced curriculum offered by many renowned Indian institutions. An M.Com degree is typically pursued by students who want to better comprehend the fields of accounting, taxation, banking, finance, and insurance. They can earn specialized knowledge in their chosen sector and enhance their abilities in finance management through this curriculum. 

M.Com career prospects are diverse, making you eligible for lucrative positions across several industries. Also, many students opt for it because of the simplicity of finding a college that offers the degree. There are many ways to pursue an M.Com, including through distance learning, online learning, and traditional classroom methods.

Online M.Com is the best choice for working professionals 

Working professionals who aspire to uplift their career paths whilst sustaining their professional and personal obligations should strongly consider an online M.Com degree. The following are the advantages of taking an online M.Com route:

• Flexibility

Flexible scheduling and geographical options are available with online M.Com programs. Working professionals could access courseware and manage assignments at their preferred schedule, balancing their studies with their work and other responsibilities.

• Interactions on a global scale

Students in online M.Com programs can interact with teachers and classmates from around the world. Working professionals can establish an invaluable connection with others in their industry with the aid of this networking.

• Cost-effective

The cost of earning an online M.Com is frequently lower than that of a typical on-campus program. It is a more cost-effective choice for working professionals because it negates having to commute and lodging expenses.

• Access to quality curriculum

Prestigious institutions and colleges frequently offer online M.Com degrees, giving working professionals access to high-quality and industry-relevant curricula from the convenience of their own homes.

• Customization

Several online M.Com programs provide a wide variety of elective courses, enabling students to customize their PG degrees to their unique interests and professional goals. The skill sets that working professionals would need to thrive in their present or future employment can be acquired with the aid of this customization.

Also read: How B.Com students impact e-commerce industry

Advantages of doing an M.Com degree

Anyone, from a young graduate to a practicing attorney, can now enroll in an M.Com course in line to get specific knowledge and abilities that can increase your competitiveness as a job applicant. The benefits of pursuing an M.Com degree are as follows:

• Gain advanced knowledge 

M.Com offers advanced expertise in several business-related fields, including accountancy, banking, taxation, finance, economics, and management. Students can better comprehend these topics and become more prepared for higher positions in business, thanks to M.Com specializations.

• Personal and professional growth 

The pursuit of an M.Com degree demands commitment, control, and labor. Students gain a variety of skills that they can use in both their private and professional lives, including the capacity to articulate effectively and analytically. Students can experience an overwhelming feeling of achievement and self-improvement. from an M.Com degree program.

• Competitive edge 

An advanced degree like an M.Com can illustrate proof of your dedication to your field and financial commitment to your study. This can be particularly useful in fields with fierce competition where specialized credentials are frequently required or favored. You can gain the specialized knowledge, expertise, and credentials you need to thrive in your chosen field and offer yourself a competitive advantage when seeking employment.

• Broader career prospects 

Many employment options in the public and commercial sectors are available to those with an M.Com degree. Graduates can work in a variety of related professions, including accountancy, auditing, banking, finance, and insurance. Students can advance in their existing careers with the aid of an M.Com degree.

• Higher earning potential 

An M.Com degree might result in higher earnings and improved employment opportunities due to its high level of specialization. Those with an M.Com qualification are highly sought after and can earn more money than those with bachelor’s degrees in commerce. M.Com salary expectations vary from one job to another. 

• A chartered accountant in India, on average, earns 6.3 lakhs per annum. 
• An investment banker earns around 4 lakhs a year in India. 
• Average salary is 7 lakhs per annum for a Marketing Manager. 
• Develop research and analytical skills

Coursework in research technique, statistical analysis, and data interpretation is frequently included in M.Com degrees. These sessions give students the information and abilities needed to conduct the research efficiently and analyze data. Also, students with M.Com degrees must often do a research study or thesis. This entails deciding on a research topic, investigating, analyzing the data, and outlining the conclusions. It aids students in developing their research and analytical abilities by using them in a practical setting.

Check out: Top job roles to explore after M.Com

Top companies that hire M.Com graduates

M.Com grads may find work opportunities in a range of sectors, including banking, consulting, accounting, finance, and more. The following are a few of the top employers of M.Com graduates:

• Deloitte
• EY (Ernst & Young)
• PwC (PricewaterhouseCoopers)
• KPMG
• Accenture
• Wipro
• Infosys
• TCS (Tata Consultancy Services)
• IBM
• Amazon

It’s crucial to keep in mind, however, that hiring procedures might differ by field and geography, and job chances may also be based on a person’s specific talents, experience, and qualifications. Researching job openings in your chosen field and area is usually a smart idea to locate the ideal match for your abilities and professional aspirations.

Note: The Information about the  companies listed above is subjective and is not an indication of their current hiring status. Applicants must do their research and check for openings in the respective companies.

Upskill and advance your career with MUJ’s online M.Com degree

The online M.Com program offered by Manipal University Jaipur gives students a thorough grounding in all business, financial, and commerce subjects. You’ll gain a deep understanding of important business concepts, enabling you to address issues in the real world and offer resourceful solutions. Also, you can develop a deeper understanding of key business processes by taking courses that address technical accounting and financial processes, the company’s legal framework, export and import legislation, economic planning, and other business-related topics. 

The university’s highly qualified professors design the online M.Com coursework and study materials and deliver the sessions. The e-learning material can be accesses from any location at any time using an internet-connected device thanks to the state-of-the-art LMS (Learning management system). Governments, businesses, and academic institutions all recognize Manipal University Jaipur’s online M.Com degree as a requirement for employment, higher education, and prospective opportunities.

Conclusion

The world of commerce is incredibly intriguing and diversified. Anyone who wishes to work for the top organizations and industries in the business may find getting a degree in commerce to be a wise decision. M.Com is a superior option for people aspiring for the greatest positions in the industry. As a result, this two-year master’s degree has been added to the educational offerings of all of India’s top management institutes. Look for the best online M.Com profession prospects in this quickly evolving market to assist you and earn top grades. We hope this article has answered all your questions about the advantages of an M.Com degree. Participate in an online M.Com program at Online Manipal to stay current and guarantee yourself a successful prospective career.