6 Best Career Options after M.Com: What to do After M.Com? in 2021

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

As a commerce student, you get publicity to a plethora of enterprise and management-related topics. So, you’ll have gained the foundational knowledge 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 place among the many most preferred choices amongst candidates who need to qualify for managerial positions and advance their careers. Whereas studying MCom, you learn about business, economics, stock markets, accountancy, amongst different things. However whenever you pursue higher education in enterprise administration, you additionally learn the way to apply your technical know-how to resolve problems and assist organizations grow. 

Most MBA programs comply with a case research pedagogy to equip college students with the critical pondering and decision-making capabilities. Nowadays, main educational institutions are providing Global MBA degrees online. These are accredited programs that permit you to proceed your academic pursuits and get mentored by trade experts in a versatile learning atmosphere. Moreover, you may concentrate on a selected area corresponding to business analytics, digital finance, and banking, and many others. 

2. Become 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 Corporate Secretaryship

A Coroprate 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. 

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. Complete 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.  

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! 

You may have a well-rounded understanding of all accounting topics, but you’ll find that bookkeeping is a term that immediately conjures up images of large spreadsheets and meticulous ledgers. Because your financial situation is so important as a small company owner, you understand the importance of good bookkeeping practices. Check Auston’s dedicated accounting degree in Singapore.