Best Career Options after M.Com [2020-2021]

What to do After M.COM?

• Pursuing M.Com is a great addition to your knowledge and Academic Qualification. But it becomes a dilemma when it comes to pursuing a specific career after M.Com.
• Most of the Jobs and companies today demand specialization in a specific field.
• As such, it becomes important to focus on a specific skill for career advancement.
• We have shortlisted some of the Best career options to pursue after M.Com for a successful career in Accounting or Finance:
  • Accounting Course:
    • Certified Public Accountant (CPA Course)
    • Association of Chartered Certified Accountants (ACCA Course)
    • Certified Management Accountant (CMA Course)
  • Finance Course:
    • Chartered Financial Analyst (CFA® Course)
    • Financial Risk Manager (FRM)
      

Best Career Options after M.Com in Accounting

1. Certified Public Accountant (CPA Course)
   
   • CPA Course Scope:
     Certified Public Accountant (CPA) is a globally recognized designation and is the highest standard of competence in Accountancy. Extremely high preference for Certified Public Accountants across the globe makes it one of the Best Career Options after M.Com.
   • CPA Course Duration:
     The minimum CPA course duration is 1 year. The duration is one of the factors CPA is considered among the Best Career Options after M.Com.
   • CPA Course Eligibility:
     To appear for the US Certified Public Accountant (CPA) examination a candidate should be a Postgraduate, preferably in Commerce like
     • Member of the Institute of Chartered Accountants of India
     • Member of the Institute of Cost and Works Accountants in India
     • Member of the Company Secretaries in India
     • Master of Commerce
     • MBAs
   • CPA Course Average Salary Range and Job Opportunities:
     
2. Association of Chartered Certified Accountants (ACCA Course)
   
   • ACCA Course Scope:
     ACCA is another globally recognized qualification in accounting with preferential status in 59 countries, which makes it one of the Best Career Options after M.Com.
   • ACCA Course Duration:
     • The minimum ACCA course duration is 2-3 years depending on the Level you start from. The institute offers exemptions based on the qualification of the student.
     • That means the student has to appear for less number of exams and hence the duration will be less.
   • ACCA Course Eligibility:
     • The following candidates are eligible for the ACCA course:
       • Students who have completed 12th from Commerce stream and have passed in five subjects including English and Mathematics, with 65% marks in at least two subjects and over 50% marks in others.
       • Students pursuing graduation in Commerce i.e. B. Com, BBA, BMS, etc.
       • BA/B.Sc. graduates from a recognized university (no marks restrictions), through a foundation in Accountancy
       • Students preparing for CPT, IPCC
       • Students with Master’s degree i.e. M. Com, MBA, MMS, etc.
   • ACCA Course Average Salary Range and Job Opportunities
     
3. Certified Management Accountant (CMA Course)
   
   • CMA Course Scope:
     CMA is the highest qualification for Management Accountants as it provides the expertise and specialization required which makes it one of the Best Career Options after M.Com.
   • CMA Course Duration:
     • The minimum CMA course duration is 6-8 months depending on the time dedicated for studies.
     • The duration is one of the factors CMA is considered among the Best Career Options after M.Com.
   • CMA Course Eligibility:
     • To become a US Certified Management Accountant (CMA), a candidate should have:
       • Membership of the Institute of Management Accountants (IMA) or
       • A Bachelor’s degree from an accredited university or an equivalent degree
   • CMA Course Average Salary Range and Job Opportunities
     

Best Career Options after M.Com in Finance

1. Chartered Financial Analyst (CFA® Course)
   
   • CFA® Course Scope:
     • The CFA Certification is offered by the CFA Institute and is the best professional certification in finance making it the Best Career Options after M.Com for students who wish to pursue a career in the finance domain.
     • The other factor that makes it one of the Best Career Options after M.Com is the level of expertise it provides by the end of the course.
   • CFA® Course Duration:
     The minimum CFA® course duration is 2 years if you clear the examinations in the first attempt.
   • CFA® Course Eligibility:
     • To register for the CFA® course a student must be any of the following:
       • A final year student
       • A graduate with a bachelor’s degree or equivalent
       • A combination of four years (or 48 months) of full-time work experience and/or college/university education on the date of registering for the Level I exam
   • CFA® Course Average Salary Range and Job Opportunities
     
2. Financial Risk Manager (FRM)
   
   • FRM Course Scope:
     • The FRM course is designed for candidates who want to develop their analytical skills towards the different risks associated with a business such as credit risk, market risk, operations risk.
     • The demand for FRM professionals is high and increasing rapidly making it one of the Best Career Options after M.Com
   • FRM Course Duration:
     The minimum FRM course duration is 2 years.
   • FRM Course Eligibility:
     • The GARP has set no minimum eligibility criteria for candidates to pursue the FRM Course.
     • This makes it one of the Best Career Options after M.Com as students with majority academic backgrounds can pursue the course.
   • FRM Course Average Salary Range and Job Opportunities