Home Career 12 Best Career Options after M.Com: What to do After M.Com?

12 Best Career Options after M.Com: What to do After M.Com? [2020]

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Grasp of Commerce (MCom) is a well-liked two-year postgraduate diploma provided by a number of acknowledged universities in India. Its curriculum is a stage up from the ideas that you just find out about in a BCom program. Sometimes, college students go for an MCom qualification to delve deeper into the skilled spheres of accounting, taxation, banking, finance, and insurance coverage. However selecting a profession path from quite a lot of options with none steerage can show difficult. If you happen to, too, are a younger graduate and questioning what to do after M.Com, this text is for you. 

As a commerce scholar, you get publicity to a plethora of enterprise and management-related topics. So, you’ll have gained the foundational information upon which you’ll be able to construct a dynamic profession. We’ve got compiled a listing of potential work strains beneath that you could discover after attaining an MCom diploma. 

Career Options After MCom 

1. Enroll in an MBA program

An MBA diploma finds a spot among the many most most popular choices amongst candidates who need to qualify for managerial positions and advance their careers. Whereas finding out MCom, you find out about enterprise, economics, inventory markets, accountancy, amongst different issues. However whenever you pursue increased schooling in enterprise administration, you additionally learn the way to apply your technical know-how to resolve issues and assist organizations develop. 

Most MBA packages comply with a case research pedagogy to equip college students with the important pondering and decision-making capabilities. These days, main educational establishments are providing International MBA levels on-line on platforms like upGrad. These are accredited programs that permit you to proceed your educational pursuits and get mentored by trade consultants in a versatile studying atmosphere. Moreover, you may concentrate on a selected area corresponding to enterprise analytics, digital finance, and banking, and many others. 

Learn: 14 Best Career Options after B.Com: What to do After B.Com?

2. Develop into a Chartered Accountant

Chartered Accountancy or CA has confirmed to be one of many top-most profession choices after MCom. You might be eligible to take the examination proper after highschool, however it calls for devoted preparation. After qualifying the three levels of CPT, IPCC, and Finals, you’ll need to full an articleship of two.5 years to apply professionally. Many gifted CA graduates discover employment within the ‘Large 4’ accounting companies—particularly Deloitte, KPMG, EY, and PwC—incomes a median annual wage of INR Eight lakh. 

3. Contemplate doing the ACCA course

If you want to work in accounting and finance, it’s also possible to take into account pursuing the Chartered Licensed Accountant qualification offered by the Affiliation of Chartered Licensed Accountants (ACCA) institute. The 2-year course is very valued in multinational companies. However earlier than you grow to be an official ACCA member, additionally, you will want to full three years in a sensible setting.

The minimal eligibility is a 10+2 instructional qualification with at the very least a 65% mixture rating in Math, Accounts, and English and 50% in different topics. So, many college students from the commerce stream enroll in this system throughout their undergraduate research solely. However even if you’re an MCom scholar, your sound understanding of accounting ideas will show you how to in clearing the exams. 

4. Pursue Firm Secretaryship

A Firm Secretary (CS) seems after the authorized compliance and regulatory necessities of private and non-private sector firms. The three levels of the CS course embrace a Basis, Government, and Skilled. The candidates even have to bear 15 months of sensible coaching, after which they grow to be an Affiliate CS and earn an ICSI membership. ICSI refers to the Institute of Firm Secretaries of India, which is the one acknowledged physique offering the CS course within the nation, boasting of greater than 62,000 members. 

Additionally Learn: Career Options For Commerce College students

5. Earn the CMA credential

Licensed Administration Accountant (CMA) is knowledgeable course requiring aspirants to full two levels of examination and achieve two years of labor expertise. This prestigious credential is obtainable by the IMA, an affiliation primarily based in the US, and enjoys international recognition. 

CMA-certified people are acknowledged for his or her experience in two core areas – administration accounting and monetary administration. They’re anticipated to be educated in monetary evaluation, planning, management, and determination help. You can see that company recruiters choose hiring CMA holders for such profiles. 

6. Full the CFA course

CFA stands for the Chartered Monetary Analyst program. Supplied by the US-based CFA institute, it presents an incredible doorway into the world of funding and finance. This system covers matters associated to monetary evaluation, bonds and derivatives, portfolio and funding administration, and many others. As soon as you might be via with the three tiers of CFA, you might be employed by among the high international monetary companies, corresponding to Goldman Sachs, JP Morgan, Royal Financial institution of Canada, and Morgan Stanley. 

To be eligible to take the Degree-I examination, try to be within the remaining yr of your undergraduate diploma. Though the period of the course is 2.5 years, it takes a median of 4 years to attain the tag of a CFA Constitution. 

Checkout: Highest Paying Commerce Jobs in India

7. Acquire a CPA license

A pocket filled with studying On-line Schooling

Licensed Public Accountants (CPAs) attain their designation from the American Institute of CPAs or AICPA. People who possess a CPA license have an in-depth understanding of the Typically Accepted Accounting Ideas (GAAP) and a sturdy accounting background. To amass the certification, you should have to take a rigorous four-part examination. 

Now, allow us to perceive what CPAs do in an organization. Mainly, they carry out the monetary statements auditing and attestation capabilities, serving to traders know in regards to the monetary well being of a agency. In addition they present taxation and monetary planning recommendation to people and organizations. 

8. Develop into an FRM licensed skilled

Threat Administration is a thriving trade in as we speak’s dynamic monetary market. FRM is a wonderful choice for these in search of short-term programs. To earn the designation, you may have to bear a nine-month program facilitated by the International Affiliation of Threat Professionals or GARP. The examinations are carried out in two rounds, in Could and November.

An FRM certification is an indicator of your skill to determine and analyze potential monetary threats. As a monetary threat supervisor, you may provide your providers in various domains like credit score and market threat, monetary providers, buying and selling, gross sales and advertising. Payscale assesses the common wage of FRM professionals to be between 10 to 18 lakh every year.

9. Crack the CFP examination

CFP is one other short-term course that may show you how to discover avenues within the finance and insurance coverage sectors. Though the course period is six months, you want to carry out nicely in different parameters to apply as a Licensed Monetary Planner. These necessities embrace your instructional efficiency, demonstrated work expertise, {and professional} ethics. With a CFP certification, you may take up assignments in tax planning, insurance coverage choices, property planning, funding administration, retirement, and many others. 

10. Get into digital advertising.

If you’re not curious about working within the realm of finance and accounting, deciding what to do after MCom might be difficult. It comes as no shock that many commerce college students select artistic occupations as nicely. Considered one of these revolutionary pursuits consists of digital advertising. It’s a part of promoting that makes use of digital applied sciences to promote services and products. Trendy-day companies can not neglect the facility of the web, and thus, this area has gained immense recognition lately. 

There are quite a few digital advertising programs out there, with their period various between Three months and 11 months. The coursework emphasizes instructing matters like Search Engine Optimization (website positioning), Pay Per Click on (PPC), content material advertising, social media administration, advertising analytics, digital branding, and many others. You possibly can try the web PG certification in digital advertising and communication by reputed institutes like MICA on upGrad. 

Information of digital advertising can lead to a extremely promising profession within the present work atmosphere the place everybody, from company bigwigs to advert companies and startups, is looking out for digital entrepreneurs and managers. In accordance to Payscale, a digital advertising skilled in India can earn a beginning wage of round INR 5 lakh every year. And managers can receives a commission as excessive as 15 lakh every year, relying on their job profile. 

11. Get CIB licensed

CIB is brief for Certificates in Funding Banking, a six-month course for graduates who need to increase capital for firms by promoting fairness and issuing debt. It’s a globally acknowledged examination that checks whether or not you may make use of systematic and strategic strategies to set up the valuation of listed and unlisted firms. Figuring out the correct valuation varieties a vital a part of funding choices relating to Preliminary Public Choices, mergers, acquisitions, and different company actions. 

You possibly can go for the CIB course proper after your BCom. However having an MCom diploma will make it simpler for you to grasp the coursework, which comprises themes of asset administration, fairness analysis, hedge funds, company finance technique, and personal wealth administration. Payscale estimates an funding banking profession can get you a median annual wage of INR 9.6 lakh in India. 

12. Pursue a profession in instructing and analysis

If Enterprise and Commerce curiosity you as educational disciplines, you may even enter the analysis area. A doctorate or Physician of Philosophy (Ph.D.) is awarded in majors like Finance, Statistics, Operations Analysis, Organizational Conduct, Human Useful resource Administration, and lots of others. You can even search for an acceptable program of research overseas offered that it meets your analysis pursuits.

Other than JRF, there are a variety of nationwide and worldwide fellowships accessible for college kids exhibiting excessive analysis aptitude in Commerce, Economics, and Administration. If you’d like to grow to be a college lecturer, finding out your means to a Ph.D. diploma is very beneficial. However if you’re extra inclined in direction of instructing college college students, you may go for the two-year B.Ed program. 

Additionally Learn: High 10 Highest Paying Jobs in India

Wrapping up

Now that we’ve detailed a spread of various profession choices after MCom, it might be comparatively straightforward for you to find your pursuits. So, collect some extra details about your most popular decisions and comply with the trail you need! 

Put together for a Career of the Future


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