MCom Career: Jobs in 2024, Scope, Salary, Placements, Top Companies, and More
Parul ThapaSenior Executive Content
Career in M.Com holds so many opportunities for the aspirants looking forward to building their professional career in various professional fields such as banking, finance, insurance, accounting, and taxation. Companies such as Accenture, TCS, Genpact, Deloitte, Cognizant, etc., hire M.Com students. MCom or Master of Commerce is a 2-year foundation post-graduate degree program offered under the commerce stream, generally after BCom.
Many top colleges in India provide placement opportunities to MCom students. Aspirants can also eye on various government job openings in Banks, Railways, and other government sectors. Students who are confused about their career prospects in M.Com can give this article a read.
Relevant Links for MCom:
What is MCom? A Beginner's Guide to MCom in 2024
- Why Choose MCom?
- Top Careers in MCom
- Career Scope in MCom
- 3.1 Areas of Recruitment for MCom Graduates
- 3.2 Popular Government Job Sectors for MCom Graduates
- 3.3 Top Recruiters for MCom Graduates
- 3.4 Top Colleges for Placements (in India)
- 3.5 Top Indian Cities for MCom Jobs
- Career Options After MCom
- FAQs of MCom
Why Choose MCom?
MCom degree can be earned by any new graduate or a working professional who wishes to broaden the area of their knowledge in a specialization. There are several benefits to completing an MCom degree, let’s take a look at some of them.
- Advanced Knowledge: MCom offers expertise in numerous business-related fields including banking, finance, accountancy, taxation, economics, and management. With these specializations, students can gain a deeper knowledge of the topics, preparing them for higher job positions.
- Wide Career Prospects: Subjects included in the MCom degree programme provide students with a wide range of career options to choose from. They can join banks, CA firms, custom departments, or any related industry.
- High Earning Potential: Though a bachelor's degree in commerce offers good salary packages, having specialized knowledge in a particular realm can make favorable circumstances for seekers to earn more. For example, the average earning of a Chartered Accountant is INR 10.7 Lakhs in India.
- Personal and Professional Growth: An M.Com degree demands hard work, commitment, and control. Students who pursue an MCom degree gain skills on both personal and professional levels. The study of a master's in Commerce provides a sense of achievement and self-improvement.
Top Careers in MCom
MCom degree programme is not limited to a specific field of knowledge but is vastly diversified into various realms. Let’s take a look at the top job profiles in MCom according to its specializations.
| MCom Degree Specializations |
Job Profiles |
Average Annual Salary (in INR) |
|---|---|---|
|
MCom in Computer Applications |
Stockbroker |
2.8 LPA |
| Auditor |
4.4 LPA |
|
| Accountant |
3.2 LPA |
|
| Finance Consultant |
6.1 LPA |
|
| Budget Analyst |
5.8 LPA |
|
|
MCom in Accounting & Finance |
Business Consultant |
13.9 LPA |
| Finance Consultant |
6.1 LPA |
|
| Investment Banking Associate |
14.7 LPA |
|
| Cost Accountant |
7.3 LPA |
|
|
MCom in HR Management |
HR Manager |
10.8 LPA |
| HR Recruiter |
2.7 LPA |
|
| Office Manager |
4.2 LPA |
|
| HRD Executive |
3.7 LPA |
|
| Client Relationship Manager |
5.7 LPA |
|
|
MCom in Marketing |
Marketing Operations Specialist |
9 LPA |
| Public Relations Manager |
7 LPA |
|
| Communication Manager |
13.2 LPA |
|
| Management Associate |
8.9 LPA |
|
|
MCom in Foreign Trade Management |
Auditor |
4.4 LPA |
| Budget Analyst |
5.8 LPA |
|
| Equity Research Analyst |
10.2 LPA |
|
| Business/Corporate Analyst |
9.6 LPA |
|
|
MCom in Internation Business |
International Business Consultant |
13.9 LPA |
| Business Development Manager |
7.3 LPA |
|
| International Business Developer |
3.8 LPA |
|
| Business Development Specialist |
5.7 LPA |
|
|
MCom in Banking and Finance |
Agent |
2.5 LPA |
| Assistant Controller |
12.1 LPA |
|
| Credit and Risk Manager |
13.1 LPA |
|
| Accountant |
3.2 LPA |
|
| Actuary |
11.2 LPA |
|
|
MCom in Economics |
Credit Analyst |
8.1 LPA |
| Financial Analyst |
5.9 LPA |
|
| Market Research Analyst |
4.2 LPA |
|
| Statistician |
5.8 LPA |
|
|
MCom in Taxation |
Tax Analyst |
5.2 LPA |
| Employment Tax Specialist |
8.2 LPA |
|
| Personal Finance Consultant |
1 LPA |
Students also liked topics on MCom:
Must Explore Career Options in Commerce
Career Scope in MCom
Post-graduates from MCom are required in both Government and Private industries depending on their field of specialization. This opens up a plethora of employment opportunities for the aspirants.
Areas of Recruitment for MCom Graduates
After completing MCom, employment opportunities in the Government and private sector are extensive, let’s take a look at areas of recruitment for MCom graduates.
| Areas of Recuritment for MCom Graduates |
|
|---|---|
| Banking |
E-Commerce Sector |
| Information Technology |
Corporate Houses |
| Insurance Industry |
FMCG Industry |
| Education |
Consultancy Services |
| Stock Market |
Retail |
Popular Government Job Sectors for MCom Graduates
Candidates can apply for government jobs available in various sectors. Here are some popular government job sectors for MCom graduates.
| Popular Government Jobs Sectors for MCom Graduates |
|
|---|---|
| Union Public Service Commission (UPSC) |
State Public Service Commission (PSC) |
| Indian Railways |
Life Insurance Corporation of India (LIC) |
| State Bank of India (SBI) |
Bharat Sanchar Nigam Ltd (BSNL) |
| Reserve Bank of India (RBI) |
Staff Selection Commission (SSC) |
| Indian Administrative Services (IAS) |
Institute of Banking Personnel Selection (IBPS) |
| Indian Oil Corporation Ltd. |
Punjab National Bank (PNB) |
Top Recruiters for MCom Graduates
Numerous companies across the country are hiring for MCom graduates. The table given below shows several top companies hiring MCom students.
| Top Companies for MCom Graduates |
|
|---|---|
| Tata AIG |
Capgemini |
| Wipro |
Maruti Suzuki |
| |
TCS |
| IBM |
HDFC |
| Reliance |
Amazon |
| HCL |
Dell |
| Infosys |
City Bank |
| Deloitte |
Genpact |
| Standard Bank |
NewGen |
Top Colleges for Placements (in India)
Aspirants looking for a good MCom college can consider the table given below for their reference and find top colleges that offer placement opportunities for MCom graduates.
| Top Colleges for Placements (in India) |
Average Salary Offered (in INR) |
|---|---|
| 6.3 LPA |
|
| 11 LPA |
|
| 6 LPA |
|
| 8 LPA |
|
| 7.26 LPA |
|
| 7 LPA |
|
| 5.5 LPA |
|
| 8.4 LPA |
|
| 8.47 LPA |
|
| 6.75 LPA |
Quick Links relevant to MCom:
Top Indian Cities for MCom Jobs
The demand for MCom jobs is all over India, especially in metropolitan cities like Delhi, Mumbai, Bangalore, etc. Let’s take a quick overview of the top Indian cities offering MCom jobs.
| Top Indian Cities for MCom Jobs |
Average Salary Offered (in INR) |
|---|---|
| Mumbai |
6-7 LPA |
| Pune |
4-7 LPA |
| Delhi |
5-10 LPA |
| Bangalore |
2.8-10 LPA |
Career Options After MCom
Once the MCom is completed, many students opt for Ph.D., M.Phil. course, or even pursue MBA courses. However, if someone is not interested in these courses can clear entrance exams and clear some well-recognized certifications. Here in the list given below, aspirants can find some useful certification courses after MCom.
| Certifications After MCom |
Certification Details |
|---|---|
| CFP is a certification that provides career opportunities in financial advisory services. It is an exam-based course that spans from a minimum of 6 months to 2 years in duration. |
|
| CPA is a certification offered by the American Institute of Certified Public Accountants (AICPA), for competency in the field of Accountancy. It spans 18 months in duration. |
|
| Chartered Certified Accountant (ACCA) |
ACCA course is apt for students who wish to become a certified accountant. It is a 2-year course highly regarded by MNCs. |
| CFA is a 1.5-year certification course that focuses on the knowledge of financial portfolio management, financial analysis, and investment management. |
|
| Financial Risk Management (FRM) |
FRM is a 1-year certification course that deals in the knowledge of management of financial, operation, and commercial risk. |
Quick Links relevant to MCom:
Career After M.Com: Jobs, Salary, Employment Sectors, Government Exams, Recruiters
FAQs of MCom
Q. What are the career choices after MCom? Can M.Com give good job opportunities?
A. After completion of your master in Commerce, you can choose an appropriate job role based on your interest, skills, and goals. Here are a few popular options, students generally go for, after completing MCom:
- Investment banking
- Financial Analyst
- Business Analyst
- Accountant
- Tax consultant
- Company Secretary
- Auditor
- Stockbroker
- Chartered accountant
- Chief Financial Officer
- Assistant Professor, and more.
Q. Who earns more, MBA or MCom post-graduate?
A. Here’s a comparison chart for students to have an overview on both the courses:
| Parameters |
MBA |
MCom |
|---|---|---|
| Focus |
Business and Management |
Commerce and Trade |
| Subjects |
Finance, Marketing, Operations, HR, Strategy, etc. |
Accounting, Finance, Economics, Taxation |
| Course Duration |
2-years |
2-years |
| Course Specializations |
Wide range (e.g., Finance, Marketing, Operations) |
Often offers specializations within Commerce |
| Course Structure |
Integrates case studies, projects, and teamwork |
Emphasizes theoretical and practical knowledge |
| Skills Development |
Leadership, Strategic Thinking, Business Analysis |
Financial Analysis, Accounting, Auditing |
| Average Course Fee (in INR) |
6-8 LPA |
1 LPA |
| Average Starting Salary (in INR) |
7 LPA |
4 LPA |
In conclusion, MBA is preferable for those who are interested in wider business management roles and MCom is more suited to those who wish to gain expertise in finance, accounting, and taxation fields.
Q. How can doing an MCom after a BCom benefit you in terms of a job?
A. After earning a BCom, pursuing an MCom can help you find employment in a number of ways.
- Specialized Knowledge: Having an MCom can help you stand out from the competition in the job market because it gives you specialized knowledge in fields like accounting, finance, economics, and management.
- Career Advancement: Possessing a master's degree may enable you to apply for jobs at a higher level and possibly develop your career more quickly.
- Networking: Graduate programs frequently offer chances to connect with industry people and possible employers through networking, which can be helpful in landing a job.
- Potential Salary: someone with master's degrees frequently make more money than someone with just a bachelor's degree.
- Flexibility in the Work Environment: Possessing an MCom will help you get hired for positions requiring advanced financial and business expertise, among other responsibilities.
It's crucial to remember that the precise advantages of going after an MCom after earning a BCom can differ based on personal career objectives, market trends, and the standing of the university.
Q. What are the various career opportunities after M.com (finance)?
A. Numerous employment options in the public and commercial sectors are open to individuals who have earned an M.Com. in finance. Among the well-liked career choices are:
- Financial Analyst
- Investment Banker
- Chartered Accountant
- Risk Manager
- Wealth Manager
- Fund Manager
- Financial Planner
- Credit Analyst
- Stockbroker
- Treasury Manager
Depending on your interests and skill level, there are many more career options accessible; these are just a few examples. To choose the job path that's best for you, it's crucial to investigate and consider a variety of options.
Q. Which subject has the better career opportunities, an M.Com or an MA in economics?
A. Promising employment options can be attained with both an MCom (Master of Commerce) and an MA in Economics, albeit the precise career pathways may vary. Careers in corporate finance, banking, accounting, and business management can be attained with an MCom, which normally focuses on subjects like accounting, finance, marketing, and management.
Conversely, graduates with an MA in Economics are frequently prepared for positions in academia, public policy, research, and economic analysis. Your professional objectives and interests should guide your decision between the two.
An MCom would be a better fit if you are interested in corporate finance and management; on the other hand, an MA in Economics might be more appropriate if your interests lie more in economic analysis and research.
Q. What are the entry-level positions in the field of finance for an MCom graduate in India?
A. Entry level positions in the field of finance for an MCom graduate may include roles such as:
- Assistant Accountant
- Accountant
- Senior Account Executive
- Cashier
- Personal Finance Consultant
- Business Consultant
- Teachers/Lecturer
- Executive Assistant
Q. What are the challenges of pursuing an MCom degree?
A. M.Com degrees are important and fulfilling, but they are not without difficulties. M.Com. students commonly deal with:
- Academic Rigor: MCom programs demand a thorough understanding of complex accounting, finance, and economic concepts. Tests, assignments, and academics can be difficult for students.
- Time management: Juggling work, family, and school commitments can be challenging. For M.Com. students to succeed academically, time management is crucial.
- Specialization: M.Com. programs provide concentrations in marketing, accounting, finance, and other areas. Selecting the right specialization for your career goals is challenging yet essential.
- Theory-based: There are M.Com. programs that require a thesis and original research. This might be challenging and time-consuming for authors and researchers that are not academics.
Q. How is an MCom better for a government job?
A. There are various ways in which obtaining an MCom can help one land a government position. First of all, it offers a solid foundation in accounting, finance, and business management—skills that are frequently sought after in government jobs involving budgeting, auditing, and finance.
Furthermore, individuals may be able to meet the educational criteria for specific government posts and become more competitive in the job market thanks to the increased knowledge and expertise obtained through an MCom program.
Additionally, positions involving policy analysis and economic research inside government agencies may benefit from the research and analytical abilities established throughout an M.Com program. All things considered, an M.Com. can improve a candidate's credentials and skill set, increasing their competitiveness for government jobs in the administrative and financial domains.
Most Popular Courses
Popular Courses
- Master of Commerce (M.Com.)Hansraj College, University of Delhi
- Master of Commerce (M.Com.)Shri Ram College of Commerce, University of Delhi
- Master of Commerce (M.Com.)Christ University
- Master of Commerce (M.Com.)St. Xavier's College Kolkata
- Master of Commerce (M.Com.)Loyola College
- Master of Commerce (M.Com.)Amity University, Noida
- Master of Commerce (M.Com.) in Finance, Marketing, HRAmity University, Noida
- M.Com in Finance and Taxation/ Marketing and AnalyticsSt. Joseph's College of Commerce
- Master of Commerce (M.Com.)Kristu Jayanti College
- M.Com. in Financial AnalysisKristu Jayanti College
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News & Updates
Student Forum
Anything you would want to ask experts?Answered 4 days ago
Yes is there
N
Beginner-Level 2
Answered 4 days ago
No, based on the information you provided, you wouldn't be eligible for admission to a 3-year LLB course in most universities in India. Here's why:
LLB Eligibility Requirements:
* Minimum Graduation Percentage: Most universities in India require a minimum percentage of marks in your graduation degree
S
Contributor-Level 8
Answered a week ago
Yes, Soundarya Institute of Management and Science (SIMS) in Bangalore is a good option for an M.Com. in Financial Analysis:
- Know for education
- M.Com financial analysis course
- Master of commerce
N
Contributor-Level 6
Answered a week ago
The average salary package for M.Com course pursuing students during placement at North Eastern Regional Institute of Management is Rs. 4 Lacs per annum to Rs. 6 Lacs per annum.
Contributor-Level 10
Answered a week ago
The following is the Motilal Nehru College, CUET PG Cutoff 2024 for General Category. CUET PG's overall cutoff scores range from 154 to 226.
One of the biggest constituent colleges of the University of Delhi is Motilal Nehru College Delhi, or MLNC for short. The institute provides 17 courses in all,
R
Contributor-Level 10
Answered 3 weeks ago
BIHER is an excellent choice for M.Com students seeking an affordable and high-quality education, particularly in finance, banking, accounting, or taxes. The institution offers a solid foundation and a placement cell for job placements. However, for elite and prestigious commerce education or top mu
H
Beginner-Level 4
Answered 4 weeks ago
To get admitted to North Eastern Regional Institute of Management Master of Commerce (M.Com.) course, applicants must meet the entry requirements - 45.0% in graduation. The total tuition fee for this course is INR 100000 for the entire duration of the course. To be eligible for admission to the Mast
D
Contributor-Level 6
Answered a month ago
For admission to M.Com at Delhi University through CUET-PG, candidates must choose the best
subject combinations in the exam. For M.Com, you need to select subjects related to commerce, such as Accountancy, Business Studies, and Economics, as part of your combination. Additionally, you must meet the
R
Contributor-Level 10
Answered a month ago
Yes, you can apply for the PSTET once you complete your M.Com and B.Ed. Any way, the eligibility criteria for the PSTET is a Bachelor's degree and a B.Ed. qualification. Since you have both, you can target the different teaching jobs available in PSTET.
Double-check here in particular, especially, fo
R
Contributor-Level 10
Answered a month ago
Narmada College of Science and Commerce Admission 2024-2025_
Eligibility:
Graduate with 50% marks (45% for SC/ST/SEBC)
Cutoff 2024-2025:
Open: 77.57
SEBC: 66.14
Contact the college for further details and admission process.
S
Beginner-Level 5
Answered a month ago
Yes, MDU offer PG course in M.Com Banking and Finance. The eligibility is Bachelors of commerce in relevant field with 50% marks or equivalent.
D
Contributor-Level 8
Answered a month ago
Here are some benefits of completing an MCom before going abroad:
- Deeper Subject Knowledge: Enhances understanding of commerce-related subjects, making you more competitive.
- Improved Career Prospects: Opens up higher-level positions and better job opportunities.
- Networking: Builds connections with prof
P
Contributor-Level 10
Answered 2 months ago
Yes, Cluster University Srinagar offers a two-year full-time MCom programme divided into four semesters. Candidates need to pass a bachelor's degree in Commerce or Business Administration with at least 55% aggregate or equivalent (50% aggregate for reserved category) to apply for MCom programme. The
N
Contributor-Level 10
Answered 2 months ago
Given below are some basic differences between MA Economics and MCom courses:
Particulars | MA Economics Details | M.Com Details |
|---|---|---|
Full form | Master of Economics | |
Area of focus | Core Concepts of Economics | General Accounting |
Domain | ||
Eligibility | BA Economics or BSc Economics with a minimum of 50% marks | BA Economics or Humanities3 a minimum of 50% marks |
Curriculum | Microeconomics, Macroeconomics, Trade, Financial Economics, Public Finance | Taxation, Research Methodologies, Advanced Accounting, Financial Analysis |
K
Contributor-Level 10
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