Following BCom, M.Com is a popular course among students. A person who studies for a master’s degree in business is exposed to a wealth of in-depth knowledge in the discipline. If a student has completed a bachelor’s degree in commerce, an M.Com degree will equip him or her with a wealth of information in the areas that they have previously studied.
M.Com is one of the most adaptable courses in India, allowing students to work in practically every area of the economy. The insurance industry, which employs a large number of MCom graduates, is predicted to grow to USD 1 trillion by 2025, creating additional jobs for MCom graduates.
Students can apply for accounting positions in any firm after obtaining their M.Com. An accountant is required by any business to keep track of its profits and losses. Basic Accounting Principles, Cost Accounting, and Management Accounting are just a few of the topics that must be taught. Students can continue their education after completing their MCom.
Students should consider what interests them the most and determine which job path is ideal for them before making any decision related to their career.
Looking for some of the best courses after that will help you to decide your future career?🤔 Here is a list of some of the top courses you can do after MCom👉 :
List of Best Courses [Certification & Degree] after MCom in India:
Best Certification Courses after MCom in India:
1. Certificate in Investment Banking (CIB):
Following B.com, CIB is one of the best career options. The student’s role in this course is to show clients that you are competent in raising funds by issuing loans and selling business stock. The Certificate in Investment Banking (CIB) is a global certification examination that evaluates students’ investment banking knowledge, awareness, and competencies.
Duration: 1-2 Months
Job Profile:
- Analyst / Junior Analyst
- Associate / Senior Analyst
- Leadership Role
Average Salary: 7-24 Lakh per annum
2. Digital Marketing:
Digital marketing has grown in importance in recent years. Internet usage has more than doubled in the previous decade, and this trend has had a big impact on how people buy items and interact with businesses. Digital marketing, like any other type of marketing, is a method of interacting with and influencing potential clients. The major difference is that you can communicate with and influence those clients over the internet.
Duration: 2-6 Months
Job Profile:
- SEO: 1.8-2.8 Lakh per annum
- Digital Marketing Manager: 8 Lakh per annum
- Content Marketer: 4.7 Lakh per annum
- Email Promoter: 1.6 Lakh per annum
3. Chartered Certified Accountant (ACCA) designation:
The Association of Certified Chartered Accountants (ACCA) is a global organisation that awards students the title of “Certified Chartered Accountant.” Obtaining this certification demonstrates to businesses that ACCA qualified applicants are capable in all areas of business and accounting. This raises the number of job openings. Students can choose to work in any industry of business and management with an ACCA qualification. Future potential with ACCA is wide, as it elevates students’ status in general and can even ensure that they advance to senior management roles ahead of their peers.
Duration: 2-3 Years
Job Profile:
- Accountant
- Internal auditor
- Forensic accountant
- Compliance officer
- Business analyst
- Risk manager
Average Salary: INR 3,50,000 to 4,50,000 per annum
4. Certified Management Accountant (CMA) certification:
The highest level of management accounting qualification, the Certified Management Accountant (CMA), serves as a global passport for accountants and finance professionals. The highest level of management accounting qualification, the Certified Management Accountant (CMA), serves as a global passport for accountants and finance professionals.
Duration: 3-4 Years
Job Profile:
- Financial Controller
- Financial Analyst
- Cost Accountant
- Chief Financial Officer
- Financial Risk Manager
Average Salary: 2-11 Lakh per annum based on years of experience.
5. Certified Financial Planner (CFP) designation:
CFP practitioners have demonstrated expertise in all areas of financial planning. Candidates must finish studies in over 100 different areas, such as stocks, bonds, taxes, insurance, retirement planning, and estate planning. CFP is a top finance certification for anyone who wants to work with high-net-worth people.
Duration: 1 Year
Job Profile:
- Financial Advisor,
- Financial Planner
- Investment planner
- Financial analysis
Average Salary: 3-10 Lakh per annum
6. Financial Risk Manager (FRM) certification:
The FRM certification is the most commonly accepted risk management certification. It is sought after by nearly every major bank and organisation on the planet, and it is only given to persons who have proved the knowledge and ability to anticipate, respond to and adapt to significant risk events. Students can benefit from the FRM course by developing a solid conceptual foundation that will help them thrive in the field of finance and risk management.
Duration: 1 Year
Job Profile:
- Risk Quantification Manager
- Enterprise Risk Manager
- Risk Manager
- Market risk specialists
- Credit risk specialists
Average Salary: 9 Lakhs per annum
7. Certificate in Entrepreneurship:
A certificate in entrepreneurship equips students with the information and skills necessary to establish, run, or expand their firm. Management, finance, basic accounting, and marketing are among the subjects covered by students. This degree emphasises critical thinking and sophisticated communication skills, as well as teaching students how to keep their businesses viable in a rapidly changing sector.
Duration: 3-12 Months
Job Profile:
- Small Business Owners
- Business Consultants
- Business Reporters
- Fundraisers and Development Officers
- Sales Managers
Average Salary: 3-5 Lakh per annum
Degree Courses after MCom:
8. MBA (Master of Business Administration):
The Master of Business Administration, or MBA, is one of the most popular postgraduate programmes in India and around the world. After finishing the two-year management degree, students will be equipped for a variety of corporate professions. Over the last two decades, the MBA programme has increased in popularity in India. An MBA degree is currently required for the majority of managerial roles in several businesses.
Eligibility:
- Graduation in any discipline from a recognised university is the basic eligibility condition for MBA (full-time).
- The majority of institutes have a graduation minimum score requirement of 50% average or comparable. The minimal aggregate score for students of the Reserved category is 45 per cent.
- In their final year of college, candidates are also allowed to apply for MBA programmes if they show confirmation of completing their Bachelor’s degree within the institute’s prescribed time frame.
Duration: 2 Years
Job Profile:
- Management Consultant: 13,50,000 Lakh per annum
- Finance Manager: 9.6 Lakh per annum
- Sales Manager: 10 Lakh per annum
- Marketing Manager: 10 Lakh per annum
- Product Manager: 15 Lakh per annum
- Data Analytics Manager: 14 Lakh per annum
9. PhD:
Doctor of Philosophy is abbreviated to PhD. This is an academic or professional degree that allows the bearer to teach their chosen topic at the university level or work in a specialised position in their chosen area in most countries. A PhD is an internationally recognised postgraduate academic degree granted by universities and higher education organisations to candidates who have submitted a thesis or dissertation that is based on a significant and original study in their subject. There are various subjects in which a student can do PhD after completing their MCom. The students can pursue a PhD in the following subjects:
- PhD in Commerce
- PhD in Management
- PhD in Commerce and Management
- PhD in Aviation Management
- PhD in Logistics and Supply Chain Management
- PhD Business Administration
- PhD in Accounting and Financial Management
- PhD in Marketing/ Brand Management
Eligibility:
- Masters degree holders are eligible for admission into the doctoral programme.
- For admission to some prestigious universities, a candidate must pass an all-India examination, such as the National Eligibility Test for Lectureship (NET) administered by NTA.
Duration: Usually 3-4 Years which can be increased.
Job Profile:
- Professor
- Banker
- Accounter
- Economists
- Financial Managers
- Deputy Manager
- Marketing Executive
Average Salary: 9.7 Lakh per annum depending on the field and subject of study as well as job experience.
10. B.Ed. (Bachelors of Education):
Students in the B.Ed degree are prepared to teach and study in a range of contexts. It assists applicants in developing their soft skills and communication talents so that they may successfully counsel students based on their specific needs. All people who desire to teach in primary and secondary schools must have a B.Ed. After completing this degree, candidates will be able to teach accounting and commerce to high school students.
Eligibility: The candidates need to pass their graduation exam with a minimum of 50-55% overall marks from a recognized university.
Duration: 2 years
Job Profile:
- Teacher
- High School Teacher
- Librarian
- Education Consultant
- School Principal
Average Salary: 1-7 LPA depending on the post and years of experience.
11. Chartered Accountant (CA):
Many B.Com students aspire to become chartered accountants. However, one cannot immediately become a CA after graduating. There is a specialised professional course available that takes students through the subject thoroughly. Accounting, taxation, and auditing are all covered in detail. These are essential skills in the accounting world, and you can only learn them after completing a B.Com. Students must first apply for the CA entrance exam before deciding on a school. The examination is not easy, and students will need to study for it.
Eligibility:
- To sit for the Foundation exam, a candidate must have passed Class 12 and completed four months of study time.
- The candidate must register with the Board of Studies for four months of study.
Duration: The course duration varies from 4.5 to several years
Job Profile:
- Internal Auditor
- Tax Auditor
- Forensic Auditor
- Statutory Auditor
- Taxation Advisor
Average Salary: 7.9 Lakh per annum
12. Company Secretary (CS):
A CS course is one of the most popular options for students in the commercial domain. This course, on the other hand, is open to students from a variety of backgrounds. A licenced Company Secretary is in charge of the legal aspects of a company. A CS is in charge of completing the company’s tax returns, advising the board of directors, and ensuring that the company complies with legal and regulatory requirements.
Eligibility: Candidates who apply for the CS Course after graduation can enrol in the Executive Program and then move on to the Professional Program.
Duration: 3 Years
Job Profile:
- Assistance to the Board of Directors
- Company Registrar
- Legal Advisor
- Corporate Policymaker
- Chief Administrative Officer
Average Salary: 3-6 Lakh per annum
Conclusion: For people who have completed their MCom, the list above contains several great courses. We hope it answers your question, “What are the best courses to take after MCom?” After taking any of the courses listed above, you can determine your interests based on the career route you wish to pursue.😊
