Are you confused about what after M.Com? Get deeper insights on the courses after M.Com along with top career options that can be pursued after M.Com.
Wondering which courses are available after M.Com? Looking for the best career options after M.Com? Here's a manual for aspirants to understand and learn about the career options and courses available after M.Com.
M.Com is one of the most prevalent master's degree programs for commerce graduates. It's a 2-year program available in India's top universities, providing students with broad insight into subjects like Accounting, Finance, Taxation, Economics, and Management. Usually, students with a B.Com degree opt for a master's degree in M.Com.
However, today the recruiters are looking for people having specialized knowledge about subjects. Therefore, this article will take one through the varied specialization courses one can opt for and the best career options after M.Com.
Courses After M.Com
Commerce students have a plethora of subjects available to them when it comes to choosing a specialization. Here's a detailed list of information on the best courses after M.Com, that one can choose:
MBA or Masters in Business Administration is one of the prominent courses for students all across the world. This 2-year course allows students to obtain specialized and cross-functional knowledge in management. Students learn a variety of subjects in managerial art and science through research papers and case studies which allow them to understand real-life situations and enhance their managerial and decision-making skills in the business world. Today, various specializations are available in MBA programs to choose from depending on one's interests and expertise.
The course is available in top universities and institutes of India and abroad like IIMs, Symbiosis, NMIMS and many more. To take admission in an MBA program, one has to take entrance exams like CAT, NMAT, GMAT and SNAP, depending on the institute.
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CA or Chartered Accountant is definitely among the finest courses after completing M.Com. Students inclining taxation and accounting should look for CA to gain expertise in the two subjects. During this 5-year duration, the course allows students to learn and develop their financial and taxation knowledge and enhance their analytical and problem-solving skills. To practice and learn the real deal, one has to undergo three levels: Foundation, Intermediate and Finals, and an Articleship of 2.5 years.
The course is governed by the ICAI ( The Institute of Chartered Accountants of India). Therefore, CA is the course they should opt for if an aspirant is willing to study further with dedication and ready to spend time and effort.
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If a student is interested in research and wishes to pursue the same after M.Com, here's a course one should look for. A 3-year Doctorate program in commerce and management allows them to gain specialized knowledge about the varied aspects of business and fundamentals of Management art and science. This program, during its tenure, allows students to explore the in-depth field of management and business and teach the expertise to bring development and growth in trends and the field of commerce and management.
PhD is available in many universities across the country, depending on the subject of specialization one opts for. One can take admission after clearing the entrance exam NET held by UGC. Some of the specialization topics are as follows:
- Business Economics
- Financial Markets
- Logistics Management
- Information Management
- Entrepreneurship and Finance
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CFA or Chartered Financial Analyst is a 2.5-year course in the field of finance and investment. If a student is looking to establish a career in finance and investment, this is the course one should go for. Through the tenure of this course, students obtain knowledge about financial analysis, derivatives, funds, bonds, investment, and portfolio management. The course comes under a USA- based CFA institute and usually takes about four years to complete.
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Like to analyze using analytical tools and interested in the financial market? Then, sign up for FRM certified professional courses. Aspirants can complete a two-level course within a year, depending on the dedication and commitment of the student towards the course. With the increase in the financial markets' risk and dynamic market conditions, demand for Financial Risk Managers has substantially increased. This program will give the students practical and experiential training and enhance soft skills like interpersonal and communication and emotional intelligence.
The Global Association of Risk Professionals (GARP) facilitates the course, and exams for the 1st level happen in May, July, and November. For the 2nd- level, one can appear during May and December. However, after 2-years of experience in the financial market and business world, one can obtain the certification.
Career Options After M.Com
M.Com graduates hold a pool of opportunities in the business and management world. There are plenty of opportunities if one wants to grow and develop. We have listed down the best career options after M.Com for aspirants:
- Money Manager
- Indian Administration Services
- Financial Manager
- Chartered Accountant
- Chartered Financial Analyst
Financial Institutions and Banks like Yes Bank, Canara Bank, and Export-Import Bank in India are major M.Com graduates in India. In addition, job roles like Cashier, Money Teller, Money Manager, and Assistant Accountant are given to students graduating with a degree in Masters in Commerce in India and usually pay approximately INR 3- 4 LPA depending on the roles.
Indian Administration Services
A postgraduate in commerce can apply for In IAS by appearing for UPSC or any state public service examination held in the country. M.Com graduates are offered jobs in Railways, Defence, Police, PSU, and Revenue departments of government services and pay a starting salary of INR 6 LPA.
Professors / Researchers
A Career in teaching after M.Com is one of the most prominent options. People inclined towards teaching and research usually opt for this career after completing their doctorate in commerce or management. One can either apply for a teaching position in private or public institutes or even set up their education centre specialized in one or more subjects of commerce depending upon the interests and may get compensation up to INR 5.5 LPA.
After M.Com, acquiring specialized and cross-functional knowledge in management is one of the most common and go-to career options for students. One can get the job roles of Manager in the financial department of an organization depending upon your specialization. There is plenty of space for growth and development in this field. One's position keeps on growing with experience here, and the initial salary starts at an average level of INR 10 LPA.
After gaining CA from ICAI, one can function as an Accountant and Consultant for businesses and organizations. Accounting is one of the top high-paying jobs in the country with a salary of approximately INR 6.5 LPA. If a person is willing to open his/her Accountancy Firm, you can opt for it after becoming a CA.
Chartered Financial Analyst
The job of CFA is considered to be one with great experiential growth and development. A fresher may start from the financial or investment analyst job role and may grow up to become the CFO (Chief Financial Officer) in the corporate business. This career option has many scopes, and one should definitely if they are a finance and investment enthusiast; moreover, one can expect a starting salary of INR 8 LPA.