MCom students get jobs in the field of Finance, accounting, auditing etc. Top companies that hire MCom students are PWC, Deloitte, Ernst & Young, and KPMG. Students passing out from top MCom colleges will have placement opportunities. The starting salary ranges between INR 5 LPA to 10 LPA.
Financial services provide significant opportunities for MCom students in banks, insurance companies, non-banking financial companies,as well as small financial entities. Apart from them, every company needs to maintain their books and accounts which require skilled commerce students.
MCom students can eye for various government jobs in RBI, the Government Banks and the FCCI. the average salary for MCom students in Government sector starts from INR 35,000 per month.
Students with further short term certificate courses in the commerce stream can go for FinTech and blockchain industry. Fintech industry is growing rapidly and already has 2100 companies.
M.Com Jobs
The prospects after completing M.Com are great. M.Com offers specific specializations depending on which the candidate can choose their area of interests such as M.Com in Business Management, M.Com in Financial Management, M.Com in Finance, etc. There are plenty of jobs available for M.Com Graduates in both private as well as public sector such as Accounts Assistant, Stock Broker, Business Analyst, Management Consultant, Auditor, Chief Information Officer, etc. According to Payscale, a M.Com graduate can expect a starting salary of INR 3.26 LPA.
Discussed below are some of the top job profiles on which the candidates can be employed for along with the average salary,
| Job Profile | Description | Average Annual Salary (INR) |
|---|---|---|
| Financial Analyst | Financial Analysts are professionals who usually work in Banks, insurance companies, other financial and non financial organizations. They help in making the financial decisions of the company to attain maximum profit. | 5.00 L |
| Finance Manager | A financial manager is a person responsible for maintaining the financial health of the company. They take and analyze data and present the senior management with profit maximizing strategies. Leadership, Analysis, Interpersonal skills etc are some of the skills for financial managers. | 12.00 L |
| Relationship Manager | A relationship manager is an expert who aims at developing and maintaining strong customer relations with the clients. They basically advise the products and services that are best suited with the needs of the clients. | 5.09 L |
| Account Administrator | These are skilled professionals who review and reconcile accounts, create invoices, maintain records and receipts and do proper bookkeeping. | 3.60 L |
| Administrative Manager | An Administrative Manager is a professional who coordinates with the company's administration and workflow. They have supervisory power to ensure daily tasks are complied with. | 5.55 L |
| Area Sales Manager | Area Sales managers are employed by companies who aim to generate revenue by sales of their jurisdiction to achieve sales targets. Analytical skills, interpersonal skills, marketing skills are some of the top skills to be a Area Sales Manager. | 10.00 L |
| Digital marketing Manager | Digital marketing managers are skilled professionals who are responsible for maintaining and sales by working on marketing campaigns. Their duties include research, strategizing and creating content for marketing campaigns | 7.20 L |
| Administrative Associate | These are expert professionals who are hired to perform clerical and secretarial tasks of the company. Their main work includes maintenance of office budget, managing expenses, updating records etc. | 2.90 L |
| Accounts Payable Specialist | Accounts payable specialists are those who handle the Accounts payable bills as well as liability of a company. It is a clerical position who handles all the payments accurately. | 4.20 L |
| Operations Manager | Operations managers are skilled professionals who oversee the operations of the company. They are also responsible for managing processes, purchasing, accounting, human resources etc. | 7.74 L |
M.Com Jobs: Sector Wise
M.com is a postgraduate program that helps build a career in an industry like Commerce, Finance, Management etc which are considered to be one of the most important sectors of the economy. This course opens doors to both private as well as government sectors for the candidates to work. Some of the top areas where a M.Com graduate can be employed are Finance, insurance, stock market, Banking, corporate , gaming and the most important E-commerce sector.
Let’s discuss the jobs that a M.Com graduate can get in both private as well as public sector along with their salary structure,
M.Com Jobs: Private Jobs
Jobs after M.Com in the private sector opens many doors for the candidates to choose their area of interest. According to Payscale, the average salary of a M.Com graduate in India ranges between INR 3.90 L- 12 LPA. Some of the top job profiles are tabulated below for your reference,
| Job Profile | Description | Average Annual Salary (INR) |
|---|---|---|
| Risk Analyst | Risk Analysts are professionals who identify the financial and organizational risks. These analysts analyze the risk involved in mergers and acquisitions or any other potential business and ho to cope with them | 6.06 L |
| Management Consultant | Management consultants are specialized professionals who help the organizations in solving problems aiming at improving the performance of the business to achieve maximum growth and return. | 7.00 L |
| Finance Bookkeeper | A bookkeeper's role is to maintain the records of all the business transactions including expenses, sales, revenue, invoices and payments. | 6.24 L |
| Finance Analyst | A financial Analyst is a skilled professional who analyzes financial statements, investment of the company. They create a financial model for the organizations to find out the best way to maximize profits. | 6.94 L |
| Stock Broker | Stock brokers are skilled professionals who have knowledge of buying or selling stocks in return of fee or commission | 12.00 L |
| Investment Banker | Investment bankers are professionals who use financial expertise, analytical skills to build business for the organization and aim at raising capital for the company. | 10.50 L |
M.Com Jobs: Government Jobs
The scope of M.Com is not only restricted to the Private sector but offers huge opportunities in the public sector as well. M.Com graduates can be employed in Banking and Insurance sector as well as FCCI. According to Payscale, The average salary of a M.Com graduate in India in the public sector ranges between INR 3.31 L- 9 LPA. Some of the top profiles are mentioned
| Job Profile | Description | Average Annual Salary (INR) |
|---|---|---|
| Auditor | An Auditor is responsible for collating and reviewing the financial records of a company to make sure there is no discrepancy in them. | 4.10 L |
| Bank Accountant | Bank accountants are responsible for managing the daily transactions of the bank, noticing any problems that might occur and resolving them at the earliest. | 8.85 L |
| Lecturer | A lecturer is responsible for teaching students at the college/university level, providing them with study material and guiding them with their research projects. | 4.11 L |
| Budget Analyst | A Budget analyst is responsible for approving the company’s budget and spending requests after thorough analysis. | 8.10 L |
| Accounts Assistant | An Accounts assistant assists the accountants in preparing budgets and records. They mostly perform clerical tasks like recording daily transactions, preparing reports, etc. | 3.80 L |
Jobs for M.Com Fresher
After pursuing M.Com from a reputed college in India, candidates can get hired through campus placement or they have to apply on their own. For a government job, candidates will be required to clear the qualifying exam in order to get an entry level job according to their qualifications. Candidates can work as Business analysts, financial advisors, management consultants, etc. The starting salary of a M.com graduate is INR 3.90 LPA.
Tabulated below is the salary of a M.Com fresh graduates along with the salary offered to them are provided below for your reference,
| Job Profile | Average Annual Salary (INR) |
|---|---|
| Accountant | 2.63 L |
| Account Executive | 2.43 L |
| Finance manager | 10.12 L |
| Senior Accountant | 4.22 L |
| Financial Analyst | 3.41 L |
| Senior Accountant Executive | 3.97 L |
| Operations Manager | 10.23 L |
| Assistant Finance Manager | 8.16 L |
| Accounts Payable Specialist | 3.16 L |
| Operations Analyst | 4.41 L |
M.Com Jobs in India
The demand for M.Com Jobs are all over India especially in the metro cities like Mumbai, Pune, Bangalore, Delhi, etc. These cities offer the highest salary to M.com graduates. Some of the top organizations are located in these cities. There are some important sectors in which a candidate can be employed such as Auditing firms, taxation firms, accounting sector, Banking & Insurance and many more. Let’s discuss the salary of a M.com graduate in various cities in India,
M.Com Jobs in India: Mumbai
Mumbai is said to be the financial capital of the country. Most of the top organizations are located in Mumbai such as Hyatt Regency, ITC , JW Marriott, Infosys, Ernst & young etc. The average salary of a M.Com graduate in Mumbai is around INR 5.04 LPA. Tabulated below are the top job profiles in Mumbai,
| Job Profile | Average Annual Salary (INR) |
|---|---|
| Finance Analyst | 6.00 L |
| Transfer Pricing Analyst | 7.20 L |
| Management Trainee | 5.21 L |
| Technical Associate- Regulatory Affairs | 4.09 L |
| Corporate Compliance Associate | 7.00 L |
| Business Development Manager | 6.53 L |
| Internal Auditor | 7.01 L |
M.Com Jobs in India: Pune
Pune has some of the top taxation, auditing, financial management, compliance, marketing firms located in the city. Some of the top firms are Tech Mahindra, Infosys, Wipro, Tata Consultancy Services etc. The average salary of a M.Com graduate in Pune is INR 4.80 LPA. Tabulated below are the top job profiles in Pune after completing M.Com,
| Job Profile | Average Annual Salary (INR) |
|---|---|
| Accounts Receivable officer | 4.20 L |
| Internal Auditor | 5.04 L |
| Chartered Accountant | 6.53 L |
| GST Executive | 5.00 L |
| Accounts Payable Manager | 6.00 L |
| Tax Consultant | 7.34 L |
M.Com Jobs in India: Delhi
Since Delhi is the capital of India, there are several firms such as Infosys, Google, KPMG, Ernst & Young , Accenture, Wipro, HCL etc are some of the highest paying firms in India. The top job profiles such as Chartered Accountant, Tax Consultant, stock broker etc. The average salary of a M.Com graduate in Delhi is around INR 5.17 LPA. Tabulated below are the top job profiles in Delhi and the average salary offered to them,
| Job Profile | Average Annual Salary (INR) |
|---|---|
| Chartered Accountant | 8.65 L |
| Chief Financial Officer | 10.71 L |
| Bank Manager | 7.62 L |
| Staff Accountant | 4.23 L |
| Human Resource Manager | 9.15 L |
| Auditor | 5.62 L |
M.Com Jobs in India: Bangalore
Bangalore is considered to be a hub of many top industries related to IT, Auditing, Taxation etc. The average salary of a M.com graduate Is around INR 5.1 6LPA. Tabulated below is the salary of the top job profiles in Bangalore,
| Job Profile | Average Annual Salary (INR) |
|---|---|
| Account Executive | 2.82 L |
| Finance Executive | 3 L |
| Staff Accountant | 2.5 L |
| Senior Manager | 16 L |
| Bank Manager | 10.52 L |
M.Com Jobs: Salary
According to Payscale, The average salary after completion of M.com is around INR 3.91 LPA. However, there are a number of factors affecting the salary of a M.Com graduate such as years of experience, location , skills, specialization etc. A candidate with 4 to 9 years of experience can expect a salary of INR 6.72 LPA. while the highest salary can go up to INR 25 LPA. Some of the top recruiters are HDFC, KPMG, Amazon, State Bank of India, Ernst & Young etc.
| Job Profile | Average Annual Salary |
|---|---|
| Business Development Manager | Check Salary |
| Audit Manager | Check Salary |
| Chief Financial Officer | Check Salary |
| Financial Manager | Check Salary |
| Chartered Accountant | Check Salary |
| Management Consultant | Check Salary |
| Bank Manager | Check Salary |
| Marketing Executive | Check Salary |
| Project Coordinator | Check Salary |
| Market Research Analyst | Check Salary |
M.Com Jobs: FAQs
Ques. What do M.Com graduates do?
Ans. A M.Com. graduate has the following duties to perform:
- They may choose to work as auditors to verify the validity of financial records of a company.
- They can also work as Investment Bankers by raising capital for their firms through selling of equity or raising debt
- A M.Com. graduate can also work as a Probationary Officer in a bank where they handle all customer related queries and issues.
- They can also choose to study further and carry out research in the field and also become a professor.
Ques. What are the career prospects of M.Com?
Ans. There are career options after M.Com:
- Investment Banker
- Chartered Accountant
- Cost Accountant
- Auditors
- Professor
Ques. What are the skills required to become a Chartered Accountant?
Ans. The skills required to become a Chartered Accountant are:
- Strong communication and interpersonal skills
- Good analytical skills
- Commercial awareness
- Decision making skills
Ques. Who are the top recruiters for Auditors?
Ans. Some of the top recruiters for Auditors are:
- EY
- KPMG
- Deloitte
- HDFC Bank
Ques. Is there any internship required to become a Chartered Accountant ?
Ans. Yes, to become a Chartered Accountant, the candidate is required to do 3 years of articleship.
Ques. Can a student from commerce background become an IAS Officer ?
Ans. Yes, a student from any background irrespective of the discipline can become an IAS officer.
Ques. Can one pursue M.Com from distance learning?
Ans. Yes, one can pursue M.Com. from distance learning but it is preferable to pursue it from a regular college.
Ques. What is the highest salary of an Investment Banker?
Ans. The highest salary of an Investment Banker is around INR 30 LPA.
Ques. What does a Chief Financial Officer do?
Ans. A CFO has the following duties:
- Handling a company’s financial transactions
- Analyzing the company’s financial standing through its assets and liabilities
- Working upon the investment strategies of a company
- Making a financial budget for the company
Ques. What is the highest salary of an Auditor?
Ans. According to Glassdoor,The highest salary of an Auditor is around INR 16 LPA. However it is dependent on many other factors such as company profile, location where the company is located etc.
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