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12 Best Career Options After MCom: What's Next?

15 October 2024, 8:49 pm IST

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.

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In this post, we discuss some relevant career options for M.Com students for a better future and prospects.

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What’s Next After M. Com?

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:

  1. ### 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.

Career Options After M. Com

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.

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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.

 Course on CFA (Chartered Financial Analyst)

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.

Enoll in a course in Digital Marketing

Apply Here For Best MBA (Master Of Business Administration Program) In Digital Marketing

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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Final Thoughts

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.

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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.

Check Out Our Top Online Degree Programs

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BBA (Bachelor of Business Administration)MBA (Master of Business Administration)
BCA (Bachelor of Computer Application)MCA (Master of Computer Application)
Bcom (Bachelor of Commerce)MA (Master of Arts Public, Policy and Governance)
BA (Bachelor Of Arts) Mcom with Financial Management
BAJMC Bachelor Of Arts (Journalism and Mass Communication)MAJMC Master Of Arts (Journalism and Mass Communication)

Sourabh

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frequently asked questions


What are the most popular career options after completing an M. Com?

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Digital marketer, Tax consultant, Chartered accountant (CA), Sales analyst, Corporate Secretary, and Certified financial planner, among others.


Can I pursue further studies after M. Com? If yes, what are the options?

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Yes, you can pursue further studies after M. Com. Some of the best courses after MCom that you can study are chartered accountancy, company secretary, financial planning, MBA, etc.


What certifications can I pursue after M. Com to enhance my career prospects?

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Certified Public Accountant (CPA) course, Association of Chartered Certified Accountants (ACCA) course, Certified Management Accountant (CMA) course, and Chartered Financial Analyst (CFA) course are some options.


Is an MBA a good option after an M. Com?

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Yes, an MBA (Master of Business Administration) is a promising career option after M.Com.


What is the scope of a career in academia after M. Com?

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The career scope for academia after M. Com is immense. You can enter the field of teaching and research. You may also pursue a doctorate (PhD) to boost your career.


What are the prospects of starting my own business after M. Com?

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Yes, you can start your own business after M. Com. The degree will be of immense help in your startup or enterprise. You may take advantage of new trends in the market, apply the latest technology, and meet the changing needs of customers through your business.


How important is work experience after M. Com for career growth?

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Although work experience is not mandatory, it definitely helps for career growth after M. Com.