Updated on Apr 5, 2024 01:33 IST
Pragati Singh

Pragati SinghSenior 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

Table of Contents
  1. Why Choose MCom?
  2. Top Careers in MCom
  3. 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
  4. Career Options After MCom
  5. 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

Google

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)

Christ University, Bangalore

6.3 LPA

Shri Ram College of Commerce, DU

11 LPA

St. Xavier's Kolkata

6 LPA

Banaras Hindu University

8 LPA

Jain University Bangalore

7.26 LPA

Hansraj College, DU

7 LPA

Amity University, Noida

5.5 LPA

Hindu College, DU

8.4 LPA

Aligarh Muslim University

8.47 LPA

Lovely Professional University

6.75 LPA

Quick Links relevant to MCom:

Top MCom Colleges in India

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

Certified Financial Planner (CFP)

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.

Certified Public Accountant (CPA)

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.

Chartered Financial Analyst (CFA)

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.

Popular M.Com Colleges in India

Following are the most popular M.Com Colleges in India. Learn more about these M.Com colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
1 Course
432
7 LPA
1 Course
4.1
3.5
75.02 K
5.3 - 6.66 LPA
2.2 L - 3.2 L
6.14 LPA
1 Course
51.6 K
9.24 LPA
1 Course
29.51 K
5.45 LPA

Popular Private M.Com Colleges in India

12.85 K - 3 L
3.6

M.Com Applications open. Apply Now

2.76 L
4 LPA
2 Courses
1.6 L
4.0

M.Com Applications open. Apply Now

1.14 L - 1.2 L
0.8
40 K
1.4 L - 6.25 L

Popular M.Com Specializations

Following are the most popular M.Com Specializations . You can explore the top Colleges offering these Specializations by clicking the links below.

Popular Specializations

qna

Student Forum

chatAnything you would want to ask experts?
Write here...

Answered 2 days ago

Hey? first of all I did not get what u are trying to ask but if you are asking that you want to do a mcom ( ecommerce) degree where you can get admission? If this u have numerous of option available linke mumbai university for online degree you can go udemy, coursera and many other available platfor

...more

R

Rahul Mani Tripathi

Beginner-Level 1

Answered 3 days ago

Hello Everyone,

'Given your M.Com in Applied Business Economics, I'd recommend choosing Commerce for the UGC NET exam'. Commerce aligns well with your background, covering topics like Business Environment, Financial Management, Marketing, and Accounting, which you might find more familiar and manage

...more

P

Priya Kumari

Contributor-Level 7

Answered 5 days ago

"The Government Women's College, Kolar offers a Master of Commerce (M.Com.) program with the following details':
Duration: 2 years
Seats Available: 30
'Eligibility: Minimum 50% in graduation for general category students.
The total fee structure for the M.Com program at Government Women's College, Kolar

...more

P

Priya Kumari

Contributor-Level 7

Answered 5 days ago

If you lost the B.Com and M.Com degrees marksheets you need to contact the educational institution you studied there. You have to submit the details form to the educational institution to get your B.Com and M.Com degree certificate. And you have to shown the FIR which is filed in police station abou

...more

S

SUJITHREDDY

Contributor-Level 6

Answered a week ago

otal Fee structure for M.Com of Government Women's College, Kolar will cost about ?21,600 in an academic year.

K

Khushi Gupta

Contributor-Level 10

Answered a week ago

For doing M.Ed firstly you need to complete your B.Ed then only you can apply for M.Ed. 

S

Shivangi Gupta

Beginner-Level 3

Answered a week ago

No, no teaching experience is required for applying for B.Ed in commerce. The training of teaching is provided in B.Ed course itself.

S

Shivangi Gupta

Beginner-Level 3

Answered a week ago

Both the courses offered are for different field specialisation and you should opt the one in you are interested and want to build your career in that field. Like those who wants to do C.A. can go for finance and taxation.

S

Shivangi Gupta

Beginner-Level 3

Answered a week ago

After filling out the SMS Varanasi MCom application form, students appear for the SMS Online Entrance Test. The place and venue of the test are communicated a few days before the test date. Once the exam results are published, the institute shortlists students for the Personal Interview round. In t

...more

S

Shailja Rawat

Contributor-Level 10

Answered a week ago

Students aspiring to enroll in the SMS Varanasi MCom programme required to submit an online application form available on the official website of the institute. Moreover, the students must appear for the entrance test conducted by the institute.

After completion of the exam, the institute conducts a

...more

S

Shailja Rawat

Contributor-Level 10

Answered a week ago

For admission to various courses, including MCom, SMS Varanasi conducts an in-house entrance test, namely, SMSOET. Students who fulfill the eligibility requirements and aspire to take admission must register and appear for the aforementioned exam. As of now, the institute has not released the schedu

...more

S

Shailja Rawat

Contributor-Level 10

Answered a week ago

Yes, the Indian public sector has many such jobs that require skills usually possessed by MCom graduates. Students who have completed MCom from SMS Varanasi are eligible for various jobs in government departments and organisations. The below table presents some of the prospective government jobs alo

...more

S

Shailja Rawat

Contributor-Level 10

Answered a week ago

The total fee to pursue the SMS Varanasi MCom prorgamme is INR 1.06 lakh. This is cumulative of various components such as academic fees, caution deposits, admission fees, alumni fee, etc. Tabulated below is the complete fee structure for the MCom programme:

Fee ComponentsAmount
Tuition FeesINR 80,000
Admission FeeINR 12,500
Caution Money (Refundable)INR 5,000
Alumni FeeINR 7,500
Application FeeINR 1,000

Note: The above-mentioned fee is as per th

...more

S

Shailja Rawat

Contributor-Level 10

Answered a week ago

Yes, SMS Varanasi offers multiple scholarships to students who have taken admission to the programme offered by the institute. However, the scholarships are offered in a limited number. Thus, interested students must apply in a timely manner. Listed below are more details about the available scholar

...more

S

Shailja Rawat

Contributor-Level 10

Answered a week ago

SMS Varanasi MCom curriculum is divided into a semester pattern. Each semester, students have to study core subjects that help them develop a deep understanding of the curriculum. Some of the core subjects included in the curriculum are Organisational Thoery and Bheaviour, Research Methodology, Bank

...more

S

Shailja Rawat

Contributor-Level 10

Answered a week ago

Yes, in each semester of MCom at SMS Varanasi, students are to choose elective subjects. This gives them the freedom to choose subjects that align best with their interests. These elective courses are designed to enhance their industrial and professional skills. Some of these elective subjects inclu

...more

S

Shailja Rawat

Contributor-Level 10

Answered a week ago

Students who wish to take admission into the SMS Varanasi MCom programme must fill out an application form. The form is available on the institute's official website. After filling out the form, the candidates must pay the below-mentioned application fees:

Course

Application Fees

MCom

INR 1,000

Note: The above-mentioned fee is as per offi

...more

S

Shailja Rawat

Contributor-Level 10

Answered a week ago

The first stage of SMS Varanasi MCom admission, i.e., the application process, is conducted online for all candidates. The application fee is INR 500 for each course. To apply, follow these steps:

1. Go to the official website of the institute.

2. Click on the 'Admission Open' button.

3. Click on the '

...more

S

Shailja Rawat

Contributor-Level 10

Answered a week ago

No, SMS Varanasi MCom admissions are made based on marks obtained in the entrance test. For admission to all courses, including MCom, the institute conducts an in-house entrance exam, namely the SMS Varanasi Online Entrance Test (SMSOET). The application for the same can be submitted by registering

...more

S

Shailja Rawat

Contributor-Level 10

Answered a week ago

Candidates seeking admission to MCom programme at SMS Varanasi and its affiliated colleges must check the eligibility requirements. Failure to fulfill can lead to rejection during the application stage. Tabulated below is the eligibility criteria:

Course

Eligibility Criteria

MCom

Candidates who have completed a BCom/BCom (Hon’s) degree of a minimum of 3 years of duration from a recognised university

S

Shailja Rawat

Contributor-Level 10

Answered a week ago

SMS Varanasi MCom fee structure includes various components such as tuition fee, examination fees, training fees, etc. As per the structure, the total tuition fee is INR 60000. To know the other fees, candidates are advised to visit the official website of the university.

Note: The above-mentioned fe

...more

S

Shailja Rawat

Contributor-Level 10

Answered a week ago

The full form of LLB is Bachelor of legislative law

Full form of Bcom is Bachelor of commerce 

Full form of M.Com is Masters of commerce 

Full form of M.Sc is master in science 

Full form of BSC is Bachelor in Science 

Full form of BA is Bachelor in Arts 

 

S

SAHIL GUPTA

Beginner-Level 1

Answered a week ago

Yes, after completing online M.Com, you can pursue further studies such as a Ph.D. in Commerce, Business Administration, or related fields. A Ph.D. allows for advanced research and specialisation in specific areas of commerce and opens up opportunities in academia, research institutions, and high-le

...more

S

Syed Aquib Ur Rahman

Contributor-Level 9

Answered a week ago

Online M.Com programs often offer various specialisation options to allow students to focus on specific areas of commerce. Some common specialisations include Accounting, Finance, International Business, Taxation, Marketing, Human Resource Management, and Banking. A few international online M.Com de

...more

S

Syed Aquib Ur Rahman

Contributor-Level 9

Answered a week ago

The eligibility criteria for an online M.Com course can vary depending on the university or institution offering the program. Generally, candidates must have a bachelor's degree in commerce or a related field from a recognised university. Some institutions may require a specific minimum percentage o

...more

S

Syed Aquib Ur Rahman

Contributor-Level 9

Answered 2 weeks ago

To get mock papers for M.Com admission in CUET PG, you can visit the official website of NTA at nta.ac.in. Select the tests available for CUET PG in the mock test section there. Apart from this, mock tests and previous year question papers are also available on educational websites like Shiksha, Tes

...more

S

Sanvi Jha

Contributor-Level 6

Answered 2 weeks ago

Lucknow University PG cutoff 2024 has been released for admission to several postgraduate courses, including MVA, MA, MCom, M.Ed, MTTM, MSc and MPH, among other courses. The last round cutoff ranged between 10.5 and 150, of which MVA in Stone Carving stands out as the most competitive course for the

...more

R

Rashmi Sinha

Contributor-Level 10

Answered 3 weeks ago

Loyola College in Chennai does not specify a single, fixed cutoff for the Master of Commerce (M.Com.) program, as it generally varies based on factors like the applicant's academic background and the competition in the particular year. However, candidates typically need to have completed a bachelor'

...more

T

Tejas Bodhankar

Contributor-Level 9

Answered 3 weeks ago

Yes, after your BBA, you can get M.Com from Mahatma Gandhi Kashi Vidyapith (MGKVP) University. To seek eligibility for the M.Com course in MGKVP, candidates must complete a three years' undergraduate programme in the same discipline and the same stream as that of the BBA.
Admission to the M.Com progr

...more

79520322
Vikash Kumar Gupta

Contributor-Level 10

Answered 3 weeks ago

Courses such as ACCA, CMA, CFA, CPA, FRM, and MBA could be the best after MCom. Other than that you can also pursue PhD in commerce, or Data analytical certification.  

These courses will make you excellent in skills and knowledge for this field.

R

Raj B

Beginner-Level 4

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