For commerce graduates, the most crucial question is - after MCom which course is best? Most postgraduates are confused about what career they should pursue after their master's. A Master's degree in commerce is a popular program offered in most reputed institutions online and offline. MCom students have the opportunity to study deep into the scope of subjects like banking and finance, taxation, and accounting, among others. Doing the right course after M.Com will help students in pursuing a variety of job roles.
In this post, we discuss some relevant career options for M.Com students for a better future and prospects.
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If you are a young graduate who just completed M. Com and considering options to take your career forward, this post is intended for you. After your 2-year postgraduate MCom or Master of Commerce degree, many of you might like to take up jobs that are relevant to your field, while some of you might be interested in pursuing further studies to enter professional fields like Accounting, CA, Taxation, Banking, etc. Choosing to pursue a relevant course after M. Com will give you the option to boost your career and avail yourself of high-paying jobs. Let us take a look at the various career options you can opt for after MCom to pursue a course or a certification programme in that field to boost your career chances.
Career Options After M. Com
Below are some best career options after M. Com that students can pursue for an excellent career:
- ### Pursue an MBA Programme
Master of Business Administration (MBA) is a two-year professional degree that bachelor degree holders from any stream can pursue. An MBA program focuses on teaching business and management skills to students who have completed a bachelor’s program to allow them a stable career in operations, management, finance, HR, marketing, and other fields. If you are inclined towards managerial and leadership positions, an MBA is a good option to pursue. Besides regular MBA courses, aspirants can pursue online MBA in their preferred specialisation from reputed institutions in India. Marketing Specialist, Financial Analyst, Human Resources Manager, Supply Chain Manager, and Entrepreneur are some options that you can get into as a career after an MBA
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2. Chartered Accountancy (CA) Course
CA is a premier job position in India that equips young graduates with a variety of accounting and finance career options. Professional CA program qualifies students for taxation, auditing, and financial consultancy jobs among others. The Institute of Chartered Accountants of India (ICAI) holds CA exams in different stages and students appearing for such exams can get an exemption from the initial levels. M.Com degree offers a strong base for the CA program and makes it a stepping stone for aspiring CAs.
3. Certificate course on ACCA (Association of Chartered Certified Accountants)
ACCA or Association of Chartered Certified Accountants is a global accounting qualification recognised by companies worldwide. ACCA offers an all-inclusive curriculum and covers accounting, finance, audit, and other important domains. An MCom student with a specialisation in finance or accounting will suit the program well and enhance the employability of the candidate in top companies worldwide.
4. Company secretaryship Course
Company Secretary (CS) is a lucrative job role that looks after the legal compliance and regulatory requirements of public and private sector companies. The course has three different stages such as foundation, executive, and professional. Students have to undergo training for 15 months to be eligible to become a member of ICSI and earn a certificate to practice as associate CS. ICSI or the Institute of Company Secretaries of India, is the only recognized body providing the CS courses in India.
5. Course on CMA (Certified Management Accountant)
The CMA certification polishes the management, financial analysis, and accounting skills of students. It helps them to excel in various areas like cost management, strategic financial planning, and performance measurement, among others. An MCom degree in accounting or finance offers a good base for this program as the collective know-how of both areas strengthens the professional roles served by the students in the future.
6. Course on CFA (Chartered Financial Analyst)
Chartered Financial Analyst (CFA) is a recognised and respected designation in the financial field that focuses on portfolio management and investment analysis. CFA also offers wide options for careers in wealth and asset management, investment banking, and more. The designation of a CFA is a professional credential presented by the Institute of CFA and it aims for the highest ethical and professional standards. To be a CFA, candidates must clear three levels of exams and meet work experience requirements.
7. Course on CPA (Certified Public Accountant)
The Certified Public Accountant (CPA) is a professional position offered to qualified accountants. CPAs must meet specific requirements of education, experience, and examination. Accounting, auditing, tax, and other areas of financial management are catered to by CPAs. This is a respected credential in the accounting profession.
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8. Pursue FRM (Financial Risk Management) course
Professionals willing to enter the field of risk management should opt for the FRM certification course that caters to risks in the financial sector. The certification course equips individuals to manage financial risks including credit, market, and operational risks. M.Com elevates your profile in FRM and enhances it for risk management roles in banks, financial institutions, and corporations.
9. Pursue the CFP (Certified Financial Planner) course
The CFP course equips students with skills to provide financial planning advice to individuals and businesses. Areas such as investment management, estate planning, tax planning, and retirement planning are among the top ones that CPF professionals deal in. Thus, this is a viable option for students after MCom to enter the insurance and finance industry.
10. Enoll in a course in Digital Marketing
Students who are not willing to enter the scope of finance and accounts as a career option can opt for a course in digital marketing. This field will allow commerce students to pursue a creative occupation. Digital marketing is a popular component of marketing and uses various online technologies to promote products. It is a powerful marketing tool that cannot be ignored by any business.
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11. Short-term CIB (Certificate in Investment Banking) course
Certificate in Investment Banking (CIB) is another interesting certificate course to pursue after MCom. This is another certificate program well recognised by companies worldwide. Investment bankers work to raise capital for companies by issuing debt and selling equity, among performing other tasks.
12. Get into Teaching and Research
Pursuing a career in the teaching and research field is a rewarding career option that can be opted for by commerce students after MCom. Interested students can opt for a Doctorate or Ph.D in a commerce subject to pursue their interests in teaching and research. With a Ph.D in hand, you can work as a lecturer in renowned Indian and international universities.
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So, if you are contemplating - after MCom which course is best? - all the above and many other options are available to choose from. Depending on the course duration, your level of interest, and the cost involved, you can decide to pursue the course of your choice.
Further, you also have the option to pursue many online courses after MCom which gives you the option to start a job alongside. If you are looking for online courses and certifications after MCom, Amity Online University brings you a wide range of choices. Visit Amity Online today to see your options and learn more.
