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 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 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 criteria can slightly vary depending on University to University. And the course eligibility at Cheran Arts & Science College is-
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-
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-
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.
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-
Also Read: The Difference Between a MCom and an MBA Degree
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-
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.
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-