Best Career Options After M.Com

By IIC Lakshya

22 Jul 2024

Others

Many people are often confused about career options after M.Com and frequently have questions related to the future after the degree is over. An M.Com is a two-year course offered by various educational institutions in India. During this postgraduate-level program, students are exposed to the deeper aspects of the practice of business. There is an entire array of employment opportunities and courses to choose from after M.Com.

What are the best career options after M.Com?

M.Com graduates are well-prepared for a wide range of professional tasks since they have an extensive understanding of areas such as accounting, finance, economics, and management.

Become a Chartered Accountant

Chartered Accountancy, or CA after M.com, has proven to be one of the most popular professional alternatives after MCom. You are entitled to take the exam immediately after high school, but it requires extensive study. Key accounting firms hire a large number of skilled CA graduates, paying them an average of INR 8 lakh annually. CA course is one of the best courses after M.Com to pursue and for securing decent employment and pay. Having a CA certification following M.Com courses is strongly recommended for the reasons listed below:

Domain-Specific Knowledge

The CA program provides a more in-depth understanding of accounting concepts, taxation, auditing, and financial management than the M.Com degree.

Coveted Qualification

The CA credential is highly respected and in demand in a variety of industries, including corporate, public, consulting, financial, and others.

Numerous Career Paths

Certified Chartered Accountants (CAs) can pursue a variety of jobs, ranging from top financial roles in organizations to positions with Big 4 accounting firms.

Enroll in the ACCA Program

If you're still wondering what courses are available after M.Com and you are devoted to growing into a financial expert or professional accountant, the ACCA course is your top option. The Association of Chartered Certified Accountants (ACCA) offers this qualification. The two-year curriculum has established remarkable accolades from the worldwide community. Contrary to that, you can't become a full ACCA member without three years of practical experience under your belt. Thus, most of the students in the commerce stream engage with this activity only during their undergraduate years. However, your strong grasp of accounting principles will help you pass the tests because of your M.com background. ACCA is one of the most popular courses after m.com.

The following are strong reasons that provide answers to the questions like which courses are available after M.com to pursue the ACCA certifications

Global Acceptance

ACCA is well-known and recognized across the world, with prospects for employment in a variety of countries and global corporations.

International Accounting Standards

ACCA gives you the information necessary to explore professional possibilities that cut across borders by aligning it with international accounting standards.

Curriculum Selection

ACCA offers courses in management accounting, financial accounting, taxes, strategic business management, and auditing, among other finance and accounting issues.

Earn the CMA Credential

Certified Management Accountant (CMA) is a professional course that requires candidates to pass two levels of exams and obtain two years of experience. This distinguished certificate is given by the IMA, a US-based association, and is internationally recognized, making it one of the top courses after M.Com.

CMA-certified persons are recognized for their skills in two key areas: management accounting and financial management. They are required to be educated in financial analysis, planning, control, and decision support. Corporate recruiters favor employing CMA USA or CMA India for such positions. CMA is one of the most popular courses after M.Com.

If you're still thinking about it, acquiring the Certified Management Accountant (CMA) certificate will help you further your career in the financial management business. The following reasons show how:

Focused Expertise

The CMA offers professional know-how in cost control, stressing management accounting, strategic financial management, and performance evaluation.

Decision-Making Skills

The main purpose of CMA courses is to increase your aptitude to make data-driven financial varieties, which are important for organizational success.

Become a FRM-certified professional

Still worried about which courses are available after M.Com? Risk management is a growing sector in today's volatile financial environment. FRM, or Financial Risk Management, is a fantastic choice for people seeking short-term courses. To receive the accreditation, you must complete a nine-month program administered by the Global Association of Risk Professionals, or GARP. The exams are held in two rounds, in May and November.

An FRM certification demonstrates your ability to recognize and analyze possible financial dangers. As a financial risk manager, you may provide your skills in a variety of fields, including credit and market risk, financial services, trading, sales, and marketing.

Comprehensive Understanding

Earning an FRM certification allows you to get a significant understanding of market, operational, credit, and liquidity risk.

Analytical Skills

FRM provides you with the complex mathematical skills you need to recognize, evaluate, and manage the various types of financial risks that firms face.

Real-World Application

FRM programs include case studies, simulations, and hands-on activities to provide students with real-world experience managing financial risks.

Quantitative Techniques

Because FRM is based on quantitative analysis, you may use advanced risk management models and technologies.

Career after MCom: Start of a Transformative Journey

Pursuing a job after earning an M.Com provides several chances for professional advancement and specialization. M.Com graduates have a firm foundation in commerce and business concepts, allowing them to succeed in sectors such as accounting, finance, and management.

The CA degree, with its difficult test and prestigious reputation, provides access to lucrative positions in top accounting firms and business sectors, guaranteeing both job security and financial stability. Similarly, the ACCA certification, which is recognized for its global acceptance and compatibility with international standards, opens the door to a wide range of professional prospects across borders and sectors.

Frequently Asked Questions (FAQs)

Does M.Com have scope in the future?

Many M.Com pass-outs often find themselves stuck at 'what to do after M.Com' as they navigate their career options. Pursuing an M. Com degree from a respectable college can be a sensible choice for your career. The degree can give you a variety of benefits, including job promotion, better earning potential, specialization in a certain field, and professional growth.

Which company is best for M.Com students?

M.Com pass outs work in auditing, finance, and accounting, amongst other fields. Top businesses that hire M.Com students comprise organizations like Ernst & Young, Deloitte, and KPMG PWC. Students graduating from top M.com colleges will have placement prospects.

Can I become CEO after MCom?

Yes, a Commerce student may become a CEO. Being a CEO does not require technological expertise. Technical individuals can be hired as long as they understand the work requirements.

Can we go abroad after M.Com?

An M.com degree has greater weight than a bachelor's degree and can lead to managerial jobs if the necessary skills are acquired. After acquiring some professional experience, it is recommended that you pursue a master's degree to increase your worth and chances overseas.