The domain of commerce is quite diversified and promising. For anyone who has set a goal to work in the finest companies or industries around the world, choosing a degree in commerce discipline can turn out to be a good decision. In fact, for those trying to make it to the topmost positions in the industry, M.Com is a wiser choice. Consequently, all the Best management colleges in India have aptly embedded this two-year degree program in their academic curriculum.
This brings us to a question: what is the prospect of an M.Com degree? Similarly, another curiosity is knowing what are the best career options after M.Com. So, we are here trying to guide all those who are still unaware of all the propitious career pathways. Before elucidating the job options, we would like to throw light on some of the prominent business sectors where being an M.Com degree holder proves to be quite advantageous.
Employment sectors after the completion of M.Com degree:
Operating under the banner of the commerce domain, various branches usually hire candidates with an M.Com degree. These sectors include:
Now, in these mentioned areas, there are plenty of career options on which students can work. Therefore, for the ease of aspirants, we have listed the best ones hereafter.
Top ten career pathways after M.Com degree
Although with an M.Com degree candidates can unlock any opportunity, few options are more promising than the others. Hence, we have highlighted them and mentioned them hereinafter. The options include:
Senior Accountant: Accountants are the foremost requirement for the smooth conduct of any business. In every organization, finance is among the most important resources and someone has to keep a record of every asset and liability.
So, here comes the role of senior accountant, he or she is responsible for preparing and keeping a full record of revenues, expenses, and account information. A senior accountant can work in banks, schools, retail shops, malls, hospitals, etc. In short, accountants can get jobs in almost every field. Therefore, it promises high remuneration and respect.
Corporate Secretary: It is one of the most sought-after options among commerce students. A corporate secretary is usually required by corporate houses. The responsibilities include managing the board meetings and ensuring that the company receives proper advice to perform the duties. It is a designation that can only be filled by those having an M.Com degree. Thus, M.Com is one of the job-oriented courses which can be pursued after B.Com.
Financial Controller: The job of a financial controller is one of the top-most opportunities for commerce students. A financial controller (interchangeably comptroller), is the one who acts as the lead accountant and oversees all of the company’s ledgers and makes sure that they reflect the proper inflow and outflow of money.
As it implies, the job requires candidates with advanced knowledge of the commerce field and proper leadership skills. This is why this job pays well and stands among the best career opportunities.
Investment Banker: The key role of an investment banker is helping companies and the government raise capital by employing the right procedures. An investment banker also acts as an adviser for mergers, acquisitions, and other crucial decisions.
Tax Consultants: As the name implies, tax consultants are professionals who advise clients on tax-related issues. Clients turn to tax consultants for the calculation of their tax, filing returns, etc. These professionals also help in suggesting investments to make the necessary reductions in the taxes through which clients can save their hard-earned money. With the completion of this master’s degree from one of the best M.Com colleges in India, students can work as tax consultants within the country or elsewhere to make good money!
Budget Analyst: For each fiscal year, the company decides on a budget and allocates funds for the same. To ensure the budget falls in place with the organization’s requirement it needs to be properly analyzed. So a budget analyst reviews budgets and puts forth ways to use the funds in the right manner thereby increasing profitability.
Auditor: Auditors are responsible for checking and analyzing financial information including spreadsheet data, company accounts, financial reports, and records. He also has to make sure that the company’s assets are well-protected through necessary measures.
Stock Broker: To invest in the stock market, individuals either need to have proper knowledge of the working of the market or they need to rely on stockbrokers. So, it indicates that stockbrokers are professionals who help clients to create portfolios and invest in the right stocks.
Professors: This is again one of the finest options available after the completion of the degree. There are some of the best colleges and universities out there that require inquisitive students who have a full grip on all the postulates of finance, accounts, and other branches of commerce discipline. Once a candidate becomes a professor, he can get an impressive salary and can get promoted
Chief Financial Officer: The responsibilities of the chief financial officer include making investment decisions, planning the company’s financial strategies, keeping a check on all the money-related activities. This is one of the most crucial and important positions in an organization and can pay really well.
To sum it up, the M.Com degree is quite meaningful in 2021. Since finance is the lifeline of every company, it requires proper management and supervision and only those having the related qualification and skills can perform these duties. Therefore, candidates should go for an M.Com degree after completing their B.Com. This will not only increase their chances of getting a better job but also polish their knowledge. Consequently, the right step is to conclude a B.Com degree and then search for the best college, apply online and start their quest.