What is the scope of an M.Com Degree and How to Maximize Your Earning Potential?

In India, only 60.62% of BCom graduates are employed. And this is one of the main reason behind the popularity of the MCom course, as this course enhance the accounting and management skills among students which in turn helps in increasing the career options and opportunities for them.

And if you are an MCom aspirant or studying MCom degree, then you need to be aware of the M Com Scope & opportunities. You can read this blog, to explore MCom career scope in India.

MCom Course- An Overview

MCom is one of the most popular postgraduate degrees in the field of commerce. This course basically concentrates on teaching the concepts of finance, accounting, economics, and management. By seeing the M Com scope, top management institutes in India offer MCom courses with various specializations to make student expert in a specific domain.

Let’s check out the course highlights of the MCom course-

Course Level	Postgraduate
Course duration & exam	2 years/ Semester-wise exam
Eligibility criteria	Graduation with 50% marks in any stream from a recognized board of education.
Admission Procedure	Students will be given admission on a merit basis.
Higher studies	MBA, ACCA, CFA, Financial risk management, certified financial planner, digital marketing courses, etc.
Top recruiters	SBI, ICICI bank, HDFC, Ernst & Young, KPMG, RBS, Deloitte, etc.

M Com eligibility at Cheran Arts & Science College

M Com eligibility criteria can slightly vary depending on University to University. And the course eligibility at Cheran Arts & Science College is-

• Applicants must have completed class 10+2 level education with any stream of commerce/arts/ science from a recognized board of education.
• Applicants must have scored a minimum percentage of 50 in the class 10+2 level.

Scope of an M.Com Degree

There are plenty of M Com job opportunities available in private as well as public sector organizations. And you can maximize your earning potential by choosing the correct specialization, based on your interest areas and career prospects of the specialization.

Depending on the student’s specialization at the master’s level, they receive career opportunities in different sectors-

Bank jobs-

The banking industry is one of the best industries to make a sustainable career after MCom. There is an abundance of jobs for m com in banks such as-

• Finance manager- To supervise and manage the financial well-being of the company is the responsibility of the finance manager.
• Financial analyst- Financial analyst’s role is to guide the organization in making the correct investment decisions. And to perform this job they analyze economic trends, business news, and organizational strategy.
• Bank accountant- Bank accountants are in charge of overseeing the day-to-day operations of the bank. They also keep an eye on potential issues and try to quickly solve them.
• Relationship manager- Their job role is to make & maintain strong professional relations with the customers & partner organizations.
• Operations manager- Operations managers are responsible for implementing effective procedures and methods in the company. They are also responsible to develop strategy, enhance performance, and to acquire supplies and resources.
• Accounts Administrator- Accounts Administrators are in charge of all tax-related accounting tasks, such as bookkeeping and invoicing.

Teaching jobs-

To secure teaching M Com teaching jobs, students need to enroll in the Ph.D. program or can give a National eligibility test/State eligibility test to become an associate professor, assistant professor, or professor in a recognized educational institute/University.

Government jobs-

MCom graduate gets lucrative career opportunities in the government sector, finance, management, and accounting department of banks and the commerce industry.

Let’s check out some of the popular govt jobs for M Com graduates-

• RBI Grade B officer- The RBI Grade B Officer Examinations are held by the Reserve Bank of India each year. Students who want to work as Grade B officials for India’s top banking regulator need to take this test.
• SBI PO- This is a probationary officer job role at the State Bank of India. After completing MCom, students need to give SBI PO examination to get this job.
• IBPS PO- To get a probationary officer job role in all the public sector banks, students need to appear for the IBPS PO examination.

Also Read: The Difference Between a MCom and an MBA Degree

Jobs for M Com freshers

If you study M Com from a reputed college such as Cheran Arts & science college, there will be a higher chance that you’ll get placement through the campus placement. However, as a fresher, you can also look out for off-campus placement opportunities or Jobs in government organizations.

Some of the popular jobs for M Com freshers are-

• Accountant
• Account Executive
• Operations Manager
• Financial Analyst
• Senior Accountant
• Accounts Assistant
• Accounts payable specialist

Cheran Arts & science college offers the best M Com Course

• At Cheran College, the M Com Course is offered with a specialization in computer application.
• We offer a course curriculum that is industry approved and will help students in having a deep understanding of computer application concepts.
• The Cheran group of institutions has received more than 40 awards and achievements for its contribution to teaching and research.
• We prepare students with technical and managerial skills for future M Com Scope and help them in securing jobs through campus placement in companies like Amphisoft Technologies, Infosys, Cognizant, Amazon, Capgemini, Wipro, Decathlon, HDFC Bank, etc.

Wrapping up,

As discussed above, an M Com degree will provide you with an ample number of career opportunities in various sectors. And your skills, qualification, and experience will be the deciding factor in analyzing the M Com scope for you. And you can always enhance your skills and experience by taking active participation in college projects and by joining the internship.

Frequently Asked Questions

1. Does M.Com have scope?

Yes, MCom scope is very broad in sectors such as the insurance industry, investment banking, financial services, customs department, government services, etc.

2. What is the salary of MCom in India?

According to PayScale, the average salary of MCom graduates is Rs. 4,04,000 in India.

3. Which field is best in MCom?

MCom with finance, computer applications & international accounting is some of the best fields/specializations in MCom.

4. Is M.Com better than MBA?

MCom is a better career option for a core accounting job, but if you are looking to make a career in the management field, MBA is a better choice.

5. What are the skillsets required to perform MCom jobs?

The basic requisite skillsets to successfully perform MCom jobs are-

• Communication skills
• Problem-solving skills
• Leadership skills
• Mathematical skills