MCom Career: Jobs in 2024, Scope, Salary, Placements, Top Companies, and More
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
- 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.)Loyola College
- 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
- Master of Commerce (M.Com.)Goswami Ganesh Dutta S.D. College
- M.Com. in Entrepreneurship and Family BusinessGoswami Ganesh Dutta S.D. College
- M.Com. in Accountancy and Business StatisticsS.S. Jain Subodh PG College
Popular M.Com Colleges in India
Popular Private M.Com Colleges in India
M.Com Applications open. Apply Now
Popular M.Com Specializations
Popular Specializations
- Finance
77 Colleges
- Sales & Marketing
28 Colleges
- International Business
22 Colleges
- Human Resources
13 Colleges
- Financial Planning & Analysis
10 Colleges
- Auditing & Control
9 Colleges
- Cost & Management Accounting
8 Colleges
- Entrepreneurship
8 Colleges
- Statistics
8 Colleges
- Business Analytics
5 Colleges
News & Updates
Dec 16, 2024
Student Forum
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
R
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
P
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
P
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
S
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
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
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
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
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
S
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
S
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
S
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
S
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 Components | Amount |
---|---|
Tuition Fees | INR 80,000 |
Admission Fee | INR 12,500 |
Caution Money (Refundable) | INR 5,000 |
Alumni Fee | INR 7,500 |
Application Fee | INR 1,000 |
Note: The above-mentioned fee is as per th
S
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
S
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
S
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
S
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
S
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 '
S
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
S
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
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
S
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
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
S
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
S
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
S
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
S
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
R
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'
T
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
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
Beginner-Level 4
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i have done mcom .e want to apply for my degree.how to get?