Getting a Masters of Commerce degree will open a gateway to the best career options in the government, corporate, and banking sectors. These are the fields that offer the highest paying salaries to M.Com graduates. It is important to know that salaries for this course vary from region to region. Those who have passed their M.Com in a good Institute and are looking for a job can have good career opportunities in their field. There are several governments as well as private sectors that are looking for M.Com graduates to work in their organizations. It is due to the increasing use of modern technology and business expansion.
MCom graduates can also opt to pursue careers in the tech industry. Many MCom students specialize in business areas, such as human resources management, which will help them become leaders in the tech industry. There are many other management roles that MCom graduates can take on as well. The salary range for a fresher in MCom in India is between INR 2 and 5 LPA.
The Masters of Commerce program provides in-depth knowledge of economics, management, and accounting. It is an ideal course for those who want to explore a career in accounting, commerce, and finance. Those with strong research aptitudes in these fields will also have a variety of national fellowships to choose from.
There are two types of M Com degrees: one is a general course that provides students with a basic understanding of business and management, and the other is a specialized program focusing on a particular aspect of business, such as finance or information technology. In the general M Com course, a student is given a broad knowledge of the business world and the skills to excel in the corporate world.
Several colleges require candidates to take an entrance exam before enrolling in the course. Some colleges may also require applicants to have a certain GPA or overall score in the bachelor's degree. They may also have to pass an English proficiency test. During the admission process, the student receives online guidance from mentors or counselors. It is a great option for those unable to attend traditional classes.
M Com course fees depend on the college and the institution. Some colleges may require applicants to pay a fee of up to INR 140,000 per year, while others may charge a lesser amount. It is significant to note that a student's performance or the entrance exam can determine their expected salary in some colleges.
Courses after M Com
Obtaining a higher academic degree can open doors. Many reputed companies and organizations are looking for highly qualified and skilled candidates.
MBA: One of the most popular higher education programs is the MBA. Students who complete M Com can opt for an MBA. It is a two-year course that provides cross-functional management expertise. Students study management art and science through research papers and case studies during this program.
Ph.D. in Commerce: Another reputable postgraduate program is the Ph.D. in Commerce. Students learn about the evaluation and management skills required in today's workplace. It is a great way to gain insight into the business world.
CMA: The CMA (Certified Management Accountant) is also a good choice. This certification is considered the best of the lot and is awarded to individuals with a comprehensive understanding of management accounting, financial analysis, and decision support. In addition, a good understanding of accounting concepts helps students clear exams.
CA: Chartered Accountancy is one of the most esteemed professions in the world. Throughout your career, you'll be exposed to various sectors, including Finance, the Stock Market, and International Banks. You'll also learn about the roles that Assistant Accountants and Chartered Accountants play within the industry and the skills and qualifications required to undertake them.
ACCA: The ACCA course is a good choice for students with good numerical skills. During the course, students learn about finance and taxes and are trained to become better accountants. After completing the course, many land jobs at 'Big 4' accounting firms like KPMG and Deloitte.
CFA: The CFA (Chartered Financial Analyst) Course is offered by the CFA (Chartered Financial Analyst) in the US to award the CFA Charter to PG Graduates. Students must qualify for the three levels of the examination to become certified financial analysts.
M Com is a two-year postgraduate program designed to help working managers transition into more responsible professions. During the course, students will be exposed to diverse global issues and challenges in business and the techniques for dealing with them.
Plenty of jobs are available in the public and government sectors. M.Com Graduates can work as Business Analysts, Financial advisors, Account Assistants, Management Consultants, etc. There are plenty of avenues to explore in M.Com. It is also good to consider internships to get a feel for the finance industry. Most employers prefer candidates who have some experience in this field. The starting Salary for an M.Com varies between INR 2 and 3 LPA. Also, the Salary per month might vary depending on the job role.
We have listed a few of the jobs after M Com.
M Com Jobs: Sector wise
Most M.com graduates are employed by the governmental sector, particularly the banking industry. They can work in government agencies' accounting, finance, and insurance departments. The corporate industry also hires them as business analysts, business strategists, accountants, and financial consultants. There are also jobs for m.com in banks.
Let's consider the jobs that an M.Com degree holder can get in the private and public sectors and their salary structures.
The Government of India has many job openings for M.Com students and offers lucrative packages to graduates. The Government conducts various competitive examinations every year to hire M.Com-qualified candidates. These exams springboard for many roles in accounting and finance. Those who qualify for these tests can apply for various posts in the Government sectors. The salary range for an M.Com Government job is 3 to 9 LPA.
|
Job roles |
M Com Average Salary |
|---|---|
|
Auditor |
INR 4 LPA |
|
Bank Accountant |
INR 8.85 LPA |
|
Lecture |
INR 4.11 LPA |
|
Accounts Assistant |
INR 8.10 LPA |
|
Budget Analyst |
INR 3.80 LPA |
Several private organizations need M.Com degree holders for management, finance, and other positions. Candidates must pass an aptitude test and an interview to apply.
|
Job roles |
M Com Average Salary |
|---|---|
|
Risk Analyst |
INR 6 LPA |
|
Management Consultant |
INR 7 LPA |
|
Finance Bookkeeper |
INR 6.24 LPA |
|
Finance Analyst |
INR 6.94 LPA |
|
Stock Broker |
INR 12 LPA |
|
Investment Banker |
INR 10.50 LPA |
M Com Specializations with Job Opportunities
Choosing a job based on your skills and interests can lead to a successful career. There are several M.Com specializations, such as finance, taxation, banking, international accounting, and economics. These specializations can lead to careers in financial analysis, management consulting, and tax advisory.
Many companies are looking for expert marketers. These roles often include growth marketing tasks, strategy, and data analytics. These roles can fit into any commercial organization. You can expect a decent salary and benefits package depending on your specialization.
The finance industry has developed into one of the most well-paid industries in the country. More than 2,100 companies are involved in this industry, which is growing rapidly. Currently, stockbrokers earn around INR 12 LPA on average. These roles are offered at major international banks. Stockbrokers carry out stock transactions on behalf of shareholders and receive commissions and fees.
|
M Com Specializations |
Job opportunities |
|---|---|
|
M Com Finance |
Stockbroker |
|
M Com in Taxation |
Financial Analyst |
|
M.Com in International Accounting |
Accountants in International Firms |
|
M.Com in Economics |
Market Research Analyst |
|
M.Com in Banking |
Investment Analyst |
The demand for M.Com graduates exists all over India, particularly in metro cities such as Bangalore, Mumbai, Pune, Delhi, etc. All these cities offer the highest salaries to graduates. On the other hand, some well-known companies are located in these cities. Some significant sectors in which an applicant can be employed, like Auditing firms, taxation firms, the accounting sector, Banking & Insurance, and many more. Let's deliberate on the salary of an M.com graduate in various cities in India.
M. Com Salary in Mumbai
|
Job Profile |
M Com Average Salary |
|---|---|
|
Finance Analyst |
6.00 LPA |
|
Transfer Pricing Analyst |
7.20 LPA |
|
Management Trainee |
5.21 LPA |
|
Technical Associate- Regulatory Affairs |
4.09 LPA |
|
Corporate Compliance Associate |
7.00 LPA |
|
Business Development Manager |
6.53 LPA |
|
Internal Auditor |
7.01 LPA |
M Com Salary in Bangalore
|
Job Profile |
M Com Average Salary |
|---|---|
|
Staff Accountant |
2.5 LPA |
|
Senior Manager |
16 LPA |
|
Bank Manager |
10.52 LPA |
|
Account Executive |
2.82 LPA |
|
Finance Executive |
3 LPA |
M Com Salary in Delhi
|
Job Profile |
M Com Average Salary |
|---|---|
|
Chartered Accountant |
8.65 LPA |
|
Chief Financial Officer |
10.71 LPA |
|
Bank Manager |
7.62 LPA |
|
Staff Accountant |
4.23 LPA |
|
Human Resource Manager |
9.15 LPA |
|
Auditor |
5.62 LPA |
M Com Salary in Pune
|
Job Profile |
M Com Average Salary |
|---|---|
|
Accounts Receivable officer |
4.20 LPA |
|
Internal Auditor |
5.04 LPA |
|
Chartered Accountant |
6.53 LPA |
|
GST Executive |
5.00 LPA |
|
Accounts Payable Manager |
6.00 LPA |
|
Tax Consultant |
7.34 LPA |
Top Recruiters for M Com Graduates
The top companies will hire M Com graduates by offering lucrative packages. Here, listed some top companies and an average salary.
|
Top Companies |
Average Salary |
|---|---|
|
Amazon |
INR 8.20 LPA |
|
PwC |
INR 5.50 LPA |
|
Deloitte |
INR 8.07 LPA |
|
Grant Thornton |
INR 9.70 LPA |
|
Ernst & Young |
INR 5 LPA |
|
Lodha & Co. |
INR 4.28 LPA |
|
SBI |
INR 3.31 LPA |
|
Punjab National Bank |
INR 8.90 LPA |
|
IndusInd Bank |
INR 3.66 LPA |
|
ICICI Bank |
INR 4.65 LPA |
|
HDFC Bank |
INR 3.50 LPA |
|
KPMG |
INR 3.90 LPA |
Abroad Job opportunities for M Com Graduates
Getting an Abroad Job opportunity for M Com Graduates is a great way to explore your professional options. You will be able to learn about international cultures, gain valuable experience, and expand your career opportunities. You'll also have an opportunity to live abroad. Another option for post-graduation job opportunities is in finance. You can get a job in an international bank or the financial industry.
Top Countries for MCom Jobs
