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How to explore a successful career in finance after MCom

Commerce

Blog Date
January 31,
2024

The importance of finance in India cannot be stressed enough. Finance plays a significant role in each area of our lives – both professional and personal. Finance is all about acquiring, managing, and investing money. It is about knowing how money can be used effectively for our personal economic growth as well as for our nation. The importance of finance in business is what generates a consistent demand for finance-related job roles in India. Several graduates every year aspire to take up prestigious job roles in the finance sector at attractive pay scales. 

There is an ever-growing attraction for the finance career path after MCom in India. According to a news report, more than one-third of jobs were seen in the banking and finance sector in India. This inevitably means a considerable demand for MCom courses in the country as well. This blog explores the prospects of a successful career in finance after completing MCom. Sikkim Manipal University (SMU) offers MCom courses completely online on the Online Manipal platform. 

How MCom helps you build a strong academic foundation

The first step to building a robust career in finance begins with a strong academic background in the domain. This is what a professional degree in MCom aims to equip students with. An MCom or Master of Commerce is a postgraduate degree that helps students gain expertise in areas of finance and accounting. 

Sikkim Manipal University offers online MCom courses to enable students to make their mark in the professional domains of investment, finance, and portfolio management. These and more subjects are designed to help students delve deeper into the world of finance and enhance their professional skills for a successful career in the domain. 

Detailed below is the MCom curriculum offered by Sikkim Manipal University. This online MCom course lasts for 24 months or 2 years and is divided into a total of 4 semesters (15-20 hours per week). 

Semesters Subjects covered 
1Advanced Corporate Accounting – I, Advanced Accounting, Corporate Financial Management, Marketing Management Economics for Managers
2Cost Analysis & Control, Advanced Corporate Accounting, Audit & Assurance, Business & Economic Laws, Human Resource Management
3Strategic Management, Business Ethics & Corporate Governance Management Accounting
Elective: Finance, Security Analysis & Portfolio Management, Management of Financial Services
Elective: Marketing, Consumer BehaviorE-Business 
4Research Methodology & Statistical Analysis, Project Work
Elective: Finance, Investment Management, Corporate Tax Laws & Planning
Elective: Marketing, Advertising Management & Sales Promotion, International Marketing

Skills you will learn with MCom

We covered the core subjects taught as part of the online MCom program imparted by Sikkim Manipal University on the Online Manipal platform. Let us now look at the essential skills needed for finance roles after MCom, which this course trains students in. The skills learned in MCom programs can greatly help students aspiring for leadership roles in the finance industry. Let us take a look at some of the skills delivered through the MCom courses:

  • Analytical skills: The course teaches you to analyze and interpret complete financial data. Analytical thinking is a significant skill that finance leaders must possess.
  • Problem-solving skills: Data analysis, understanding, and interpretation, in turn, foster the ability to solve complex problems within an organization. As a leader, you are expected to take charge of and find solutions to your team’s problems.
  • Effective management of cash flow: Yet another vital skill that is a prerequisite for all finance roles. You must know how to manage the organization’s finances well so that it contributes to the overall growth of the company. 
  • Accounting skills: The importance of accounting skills in the finance sector cannot be overstated. They are, therefore, one of the key skills imparted in MCom courses. Maintaining records and accounts of company transactions and interpreting this data are key skills that people working at all levels in the finance industry are required to have. 
  • Attention to detail: When dealing with cash and critical financial data, it is imperative to be able to pay keen attention to detail. You must be able to ensure 100% accuracy and error-free dealings in all financial matters at all times.

Gain practical knowledge with MCom

MCom courses not only impart theoretical skills to students but also help them gain sufficient practical knowledge. This enables the students to make a significant breakthrough in their career path in finance. MCom study programs facilitate networking strategies for finance careers. Students find the exclusive opportunity to meet up with experts in the finance industry, exchange insights and opinions, and gain practical knowledge on the workings of the finance sector.

These networking opportunities with professionals in the finance field pave further routes for students into potential careers in the domain. They provide an opportunity to showcase their skills and also gain hands-on experience in the area. In short, MCom courses are an excellent choice for leveraging university resources for industry connections. 

High-paying finance jobs after MCom

Now that we know the various paths and opportunities that MCom courses are likely to open up for graduates, let’s look at some of them. The table below highlights the top job roles in the finance industry that you are likely to assume after graduation. It also mentions the corresponding annual salary in India for each job role:


Job role

Average annual salary 
Job roleAverage annual salary 
Chartered AccountantINR 887,543 per annum
Company SecretaryINR 606,907 per annum
Investment BankerINR 8 lakh – INR 23 lakh per annum
Tax ConsultantINR 6 lakh – 8 lakh per annum
Financial ManagerINR 9 lakh – 21 lakh per annum
Risk ManagerINR 9,02,892 per annum

Pursue an online MCom from Sikkim Manipal University

Knowing well now the multiple benefits that an MCom degree can bestow on you, particularly in terms of a well-paying, secure future, it would be wise to pursue the course. The industry trends shaping finance careers have also been all positive so far, pointing towards the relevance and significance of an MCom degree.

Sikkim Manipal University offers you the exclusive advantage of pursuing MCom from the comfort of your house. The degree can be pursued on the Online Manipal platform. You can learn it at your own pace, as you deem comfortable. The course is currently one of the best certification options for finance professionals looking to advance their knowledge and gain the desired skills to take their careers to the next level. Sikkim Manipal University is NAAC-accredited and offers degrees that are UGC-entitled. 

Conclusion

Online MCom by Sikkim Manipal University is one of the most popular study options to pursue after completing BCom at the undergraduate level. The course is an advanced and more upskilled version for commerce graduates and is also the key to a successful career in banking, finance, and accounting. 

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
  • online degree
  • Online MCOM

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