In India, commerce is among the highly recognised educational disciplines. A master’s degree in commerce is known as M.Com, and it is a two-year full-fledged UGC-accredited course. You can learn about stock markets, economic principles, finance, accounting, and non-profit flows while taking a course in this discipline. After earning a professional qualification in the commerce stream, the job prospects increase. Students with an M.Com degree get access to a wide range of professional opportunities because of the subject’s diverse knowledge base.
The content and pedagogy for M.Com have been upgraded to prepare students to meet the expectations and requirements of the business world. Because commerce grads are needed in all sectors, their job security is industry agnostic. It is widely recognised that every business, as well as every governmental and non-governmental organisation, requires these vital activities and competencies. Thus there is no shortage of work prospects in the market.
What is an M.Com course?
M.Com is a two-year master’s degree course offered by universities across India. It aims to provide students with in-depth comprehension of many facets of commerce and finance. M.Com is a brilliant choice for B.Com graduates since it provides a profound understanding of business and management, which is necessary for organisations to run smoothly. M.Com has a structure that enables the students to mix and match core and elective studies, assuring that every grad is well-versed in a wide range of subjects, making them highly appealing to employers.
Five reasons a Master of Commerce is the best decision that you will make
Finance is the heart of any business, so it necessitates competent administration and oversight, which individuals with the right qualifications and abilities can only perform. As a result, after completing their B.Com, applicants should pursue an M.Com. This will improve their chances of finding a better job. Let us have a sneak peek at the benefits of the M.Com course:
- Huge employment scope after M.Com
M.Com is a degree-based programme that assists students in establishing a career in a rapidly expanding corporate world. Aspirants for the business sector benefit from specialising in commerce courses. The number of opportunities available after completing an M.Com degree is growing. M.Com degree holders have ample scope for the job in the following sectors:
- Educational Institutes
- Customs Department
- Economic Consulting Firms
- Commercial Banking
- International Banking
- Investment Banking
- Accounting and auditing
- Tax advisory services
- Financial services
- Insurance services
- Government services
- E-commerce sector
After completing the degree, M.Com grads can choose and apply for various jobs, like operation manager, finance consultant, investment banker, marketing manager, accountant, and business analyst. The salary offered in different professions varies from sector to sector depending upon the skills, qualifications, experience, and other specific demands of the recruiters. As freshers or at the entry-level, the average salary package offered varies from INR 3 lakhs per annum to INR 5 lakhs per annum. The experienced person can earn more than INR 8 lakhs per annum.
- Opportunity to work in big audit firms
Big audit firms offer excellent employment opportunities. Working for a reputed accounting firm can also aid overall professional development and financial success. Working with top firms is among the main advantages of doing an M.Com. These graduates have a better chance of getting selected in such organisations. These multinational corporations need candidates who are well-versed in accounting and are familiar with worldwide accounting principles.
Commerce graduates are exposed to a wide range of accounting and business concepts. As a result, they have earned the core knowledge to establish a successful career. They can enhance their knowledge by applying for ACCA or CPA certifications. The CPA (Certified Public Accountant) qualification is one of the most renowned post-M.Com employment alternatives. The American Institute of CPAs, or AICPA, is where CPAs get their credentials. Individuals with a CPA license have a thorough comprehension of the GAAP (Generally Accepted Accounting Principles) and strong accounting background. The ACCA course is offered by the Association of Chartered Certified Accountants institute. In multinational corporations and audit firms, these programmes are highly valued. If you’re an M.Com student, your firm grasp of accounting fundamentals will aid you in clearing these certifications, thus making you eligible to work with the best accounting firms across the country.
- Opportunity to work in both the public and the private sector
Candidates with an M.Com degree have access to many opportunities, but some are more viable than others. All businesses and organisations are looking for specialised and skilled experts to increase profits wisely in today’s world. There are many M.Com jobs in both the private and public sectors, and you can also apply for positions in the government sector and corporate settings. So, you can’t deny that a career after M.Com. Among the possibilities are:
- Senior Accountant
- Corporate Secretary
- Financial Controller
- Investment Banker
- Tax Consultants
- Budget Analyst
- Stock Broker
- Chief Financial Officer
- Lecturer/ Professor
- Account Assistant
After M.Com, you can conduct research in various areas. You can work for the government and private banks like SBI, PNB, Axis Bank, HDFC Bank, Union Bank of India, and others, as a Customer Relationship Executive or Probationary Officer. Also, you can appear for government examinations or apply for government positions. A few exams are held for the public sector and government positions at the national and state levels. The following are a few examples of these tests:
- IBPS PO
- SBI PO
- RBI Grade B Officer
- SBI Clerk
- IBPS Clerk
- UPSC CSE | IAS Exam
- SSC CGL exam
- RRB NTPC
- LIC AAO
- Ready for both jobs and entrepreneurship
Students with commerce backgrounds can be new-age entrepreneurs because commerce is the driving force of economic development and business advancement. CA, CS, computer skills, advertising, digital marketing, business, finance and banking, management, accountancy, trade, product selling, technology, and web-based sales are all aspects of commerce.
A master’s in commerce makes a person ready for a job and entrepreneurship. Entrepreneurs should have a business mindset and accountancy education and should be familiar with the financial side of running a business. Getting an M.Com will educate you on how to think strategically about your business, while helping you comprehend the financial aspect of things.
It assists you in viewing your company as a complicated system that is scalable and can expand to cover multiple goods or services. An M.Com educates you in accounting, payroll, taxation, and other legal areas to make you understand how to succeed in the long run. That is why many people believe an M.Com can enable you to become a successful entrepreneur.
- Gives the upper hand in CA and related exams
M.Com will assist you in better understanding the CA subjects. Many of the topics covered in the M.Com curriculum are included in the CA course. Although topics covered in CA programmes are far more advanced than those covered in the M.Com course, being well-versed with the topics of M.Com benefits you by giving you an edge over your peers and fellow competitors. Many professional certification courses that can be pursued after M.Com are listed below:
- Certified Financial Planner (CFP)
- Chartered Global Management Accountant (CGMA)
- Certified Public Accountant (CPA)
- Chartered Certified Accountant (ACCA)
- Chartered Alternative Investment Analyst (CAIA)
- Financial Risk Manager (FRM)
- Financial Modeling
M.Com grads have an added advantage of clearing these courses because of the knowledge and exposure during their master’s degree.
Is M.Com a good degree?
M.Com graduates have access to some of the most prestigious positions in the workplace. The disciplines in this degree will prepare you to be a business expert. The country’s commerce and industry are booming right now, so if you pursue an M. Com, you will have no difficulty getting a job that pays well and offers good perks. The following factors make an M.Com degree a suitable option for students after graduation:
- The M.Com degree can pursue higher education and research in this field, such as a Ph.D. or M.Phil. in Commerce.
- M.Com degree recipients can pursue further education and careers in various areas of commerce, including statistics, taxation, accounting and finance, banking, and insurance, among others.
- From accountant to an investment banker, money manager to personal financial consultant, a Master’s degree in commerce prepares for a wide range of occupations involving the flow of money.
- A person can compete for the UGC-NET or JRF test after completing a master’s degree in commerce; success in these exams qualifies them to teach or do research.
M.Com salary range:
Following is the M.Com salary range for various levels.
Entry-Level – INR 1.3 lakhs
Mid-Level – INR 3.7 lakhs
Top-Level – INR 10 lakhs
Why consider doing an online M.Com degree?
Professionals with an M.Com are in high demand across various professions and industries. An M.Com course can now be taken online by anyone, from a recent graduate to a working professional. Following are the benefits of enrolling in an online M.Com course:
The most significant benefit of earning an online master’s degree in commerce is the flexibility in pursuing a profession while juggling a job and other obligations. Due to its adaptable timelines, an online M.Com programme will give you plenty of chances to hone your abilities.
- Transcend physical constraints
Students’ options for an M.Com course are often constrained because of their geographic location. However, when it comes to online classes, this is no longer a problem. You can enroll in an internationally approved online M.Com degree even if you live in a village.
- Favourable educational atmosphere
You may take classes online from anywhere — whether it’s your home, workplace, or even while travelling. All you require is a digital gadget such as a laptop, smartphone, or a tab with a stable internet link.
- Interaction at the global level
Learners from all over the world enroll in an educational institute such as Manipal University Jaipur’s online M.Com programme. It creates an academic environment more diverse and allows you to interact with people from different backgrounds. It’s a great path to meet people whilst learning about different cultures. As a result, online M.com degree programmes provide you with the best work chances worldwide.
Pursue an online M.Com from Manipal University Jaipur
Manipal University Jaipur offers an extensive Masters in Commerce online programme that equips participants with a solid understanding of all the commerce, business, and finance concepts. You’ll develop a thorough understanding of key business notions, allowing you to tackle real-world problems and provide meaningful solutions. A comprehensive curriculum covering technical financial and accounting operations, the legal system of the company, export and import legislation, economic plans, and other issues affecting business will help you gain a wider grasp of essential business operations.
The expert faculty of the university lead the classes, and develop online M.Com curriculum and study material. You can access the course material on the state-of-the-art learning management system (LMS), which can be access from anywhere at any time using any device connected to internet. The course fee is only INR 1,00,000, you can pay the amount in semester-wise instalments. No-cost EMIs also available to make the fee payment.
The field of commerce is extremely diverse and exciting. Earning a degree in the commerce field might be an excellent choice for anyone who wants to work in the best organisations or industries in the world. In reality, M.Com is a better choice for individuals aiming for the highest ranks in the sector. As a result, all of India’s best management universities have incorporated this two-year degree programme into their educational offerings. So if the business is one’s passion, there is no need to challenge traditions or other cultural restraints. Seek the top online M.Com professional opportunities in this rapidly-changing environment to help you navigate with excellent ratings. Hope we cleared all your doubts regarding – “What are the benefits of M.Com degree?” So, sign up for an online M.Com course from a renowned institute for an alluring career.