M.Com jobs are available in both the public sector and as well as in the private sector. M.Com scope and salary in India are very rewarding due to the relevance of education that the students receive. They can work as Business Analysts, Financial advisors, Account Assistants, Management Consultants, etc. There are plenty of avenues to explore in M.Com.
The prospect of a postgraduate degree for M.Com is great both in India and abroad. M.Com job scope in India depends on the respective specialization and demand. Due to this demand, the M.Com salary is also high. The M.Com syllabus and subjects are designed to ensure that the students have access to all the vital information they need to succeed. There are plenty of jobs for M. Com freshers both in the private and public sectors. Listed below are some of the jobs for M.Com graduates:
M.Com is a degree-based program that helps set up a career in a growing business environment. The course specialization in commerce and commerce excels the aspirants for the corporate world. There are many job opportunities after M.Com Computer Application in India. The scope after M.Com is continuously rising in
According to Payscale, M.Com's salary is an average of INR 30,000 - 12LPA. The salary after M.Com in India depends on the graduate's level of education, grades and skills required. Listed are below are some roles and salary packages for M.Com graduates:
|Job Role||Average Annual Salary|
|Highest M.Com Salary||INR 6.4 LPA|
|Average M.Com Salary||INR 3.4 LPA|
|Lowest M.Com Salary||INR 2 LPA|
|Job Role||Average Annual Salary|
|Budget Analyst||INR 6.4 LPA|
|Management Consultant||INR 5.4 LPA|
|Auditor||INR 4.85 LPA|
|Risk Analyst||INR 9 LPA|
|Investment Banker||INR 10.5 LPA|
|Finance Consultant||INR 5.5 LPA|
M.Com scope even extends into the government sector in different departments. The central government jobs for M.Com mainly include working in RBI, the banking sector and FCCI. According to PayScale, the salary of M.Com graduates in India ranges around INR 2.8 - 9 LPA. Some government jobs for M.Com with salaries are:
|Job Roles||Average Annual Salary|
|Auditor||INR 4.1 LPA|
|Bank Accountant||INR 8.85 LPA|
|Lecturer or Professor||INR 4.11 LPA|
|Budget Analyst||INR 8.1 LPA|
|Account Assistant||INR 3.8 LPA|
Jobs after M.Com in the private sector for graduates have a huge ground. According to PayScale, the average salary for M.Com graduates in India is around INR 3.9 - 12 LPA. Some of the job designations with their salaries are:
|Job Roles||Average Annual Salary|
|Risk Analyst||INR 6.06 LPA|
|Management Consultant||INR 7 LPA|
|Finance Bookkeeper||INR 6.24 LPA|
|Finance Analyst||INR 6.94 LPA|
|Stock Broker||INR 12 LPA|
After completing an M.Com course, the candidate can pursue a lot of job opportunities, some can do with any M.Com Specialization, while some are all specific to a specialization. The List for some of the specializations is given in the table below:
|M.Com Specializations||Job Opportunities|
|M.Com in Finance||
|M.Com in Banking||
|M.Com in Taxation & Insurance||
|M.Com in Economics||
|M.Com in International Accounting||
A cost accountant is an expert who oversees the preparations of organizational budgets, operational costs, and purchasing costs. It can mean different things to different firms but a Cost Accountant typically evaluates the overall profit or loss statement of the company. A Cost Accountant also incurs the cost incurred by supply or demand.
The main role of the tax coordinator is to help firms, individuals or organizations pay their taxes. Taxes include income, property or profits. A tax consultant may have degrees in finance, law, or any other related field.
With an M.Com degree, one can get a job at a tax consulting company; However, LLB owners are preferred by tax companies to handle legal tax matters.
A financial analyst who studies market trends and minor economic factors is an important responsibility of a financial analyst. Someone with a major B.Com Hons degree in finance can get a job as a financial analyst. With the exception of a bachelor's degree or master's degree, a person can complete levels 1, 2, and 3 of a CFA course by appearing on a CFA exam conducted by a US-based CFA institute.
Stock Brokers are registered shareholders who provide financial advisory services. Stockbrokers help their clients manage their portfolios and provide investment advice in a way that benefits their clients.
Internal Auditors are responsible for overseeing the internal affairs of companies. Evaluation experts help identify strengths and weaknesses within an organizational structure.
Having an M.Com qualification as an internal auditor in the field of accounting is easy, and many large companies hire accounting professionals to play the role of internal auditors.
A Certified Public Accountant is a licensed accounting specialist with individuals to plan and achieve their financial goals. A person with an M.Com degree can apply for a CPA certificate from the American Institute of Certified Public Accountants (AICPA).
A marketing analyst is a highly outsourced organization that evaluates and identifies its previous sales. Marketing analysts prepare a defined system in the form of weekly / monthly reports and present the same to senior executives and the marketing team. A marketing analyst is also responsible for identifying new marketing trends in the industry and conducting relevant marketing campaigns.
The Chartered Accountant is responsible for managing all financial reports generated by the business. The Chartered Accountant, commonly known as the CA, reviews financial accounts and organizes the finances for easy organizational information about its use and investment.
The position of Company Secretary (CS) is held by a certified person who holds all the important aspects of the firm in accordance with government regulations. Company Secretaries are required to have a bachelor's degree and a Company Secretary's certificate from the Institute of Company Secretaries of India (ICSI).
Many courses can be pursued after M.Com, a few are listed below:
Cost and Management Accounting (CMA): The Institute of Cost Accountants of India conducts CMA audits at three levels namely, Basic, Medium, and Medium. Students who qualify for the examination are honoured with a CMA certificate
Chartered Accountancy (CA): Institute of Chartered Accountants of India conducts ICAI CA audits at three levels to certify Chartered Accountants in India. Students who qualify for all three levels of CA exams are considered eligible to do accountancy in India.
Chartered Financial Analyst (CFA): The CFA program is provided by the CFA Institute in the US to award a CFA charter to graduates. Students need to qualify for the three levels of the CFA exam in order to become certified financial analysts.
Company Secretary (CS): The Institute of Company Secretaries of India (ICSI) conducts CS assessments at three levels, namely, Basic, Executive and Professional levels. Candidates are required to qualify for all three levels of the ICSI CS examination to obtain a certificate as Company Secretary.
Some of the Professional Certification Courses that can be pursued after M.Com are listed below:
The M.Com jobs are not just available in India but are also available abroad. Graduates can go for higher education to increase their chances of getting a job abroad. They can find jobs in areas like Finance companies, Corporate Industries, Stock Market, International Banks, and so on.
Given below is the general salary trend over the last decade.
|Job Role||Average Salary|
|Tax Consultant||INR 5.09 LPA|
|Cost Accountant||INR 5.19 LPA|
|Financial Consultant||INR 6.39 LPA|
|Investment Banker||INR 9.4 LPA|
The following are the top recruiters for the M.Com graduates.
|Top Companies||Average Salary|
|HDFC Bank||INR 3.50 LPA|
|KPMG||INR 3.90 LPA|
|Amazon||INR 8.20 LPA|
|PwC||INR 5.50 LPA|
|SBI||INR 3.31 LPA|
|Punjab National Bank||INR 8.90 LPA|
|Deloitte||INR 8.07 LPA|
|Grant Thornton||INR 9.70 LPA|
|IndusInd Bank||INR 3.66 LPA|
|ICICI Bank||INR 4.65 LPA|
|Ernst & Young||INR 5 LPA|
|Lodha & Co.||INR 4.28 LPA|
Below is the list of top countries offering job opportunities to graduates:
Apart from India, M.Com has a high scope and demand abroad. Not only are they hired in private companies but some of them acquire PR (Permanent Residential) and eventually visas, working for the public sector as well. Here are some of the designations an M.Com graduate is hired: