Master of Commerce or M Com is a postgraduate Master Degree which specializes in commerce, accounting, management and economics related subjects. just like the Bachelor of Commerce.
The Master of Commerce usually comprises of 2 years of regular study with a regular attendance (not less than 75%). The program is generally focused on different disciplines like accounting, actuarial science, business management, corporate governance, human resource management, economics, statistics, finance, marketing or supply chain management. There are many more career options present for you in the field of finance as well. Here is the list of finance course that you can pursue for a better career.
This course is especially meant for college students who are presently at the entry level and want to expand their knowledge and career. In M Com, students are given a choice to major in any of the given specializations. Students who want to go for further studies or courses like in research or doctorate level can get a bonus with this course. Many Companies and organizations in todayâ€™s life are looking for specialized and expert marketers to get higher profit in a smarter way. Here are some Courses in marketing that you can pursue to start a career in marketing.
Other sectors where a M Com graduate can seek jobs include:
- Banking and finance
- Electronic marketing
- Funds management
- Management consulting
- Stock Broking
In addition to this, students of M Com can even apply for jobs within the Govt. sector. UPSC is a major recruiter of M Com students, providing a good post and package. Some of the most effective institutes from where students can study for M Com include Delhi University, Christ University, IGNOU
Higher Studies Options after M Com
After completing M.Com, candidates can go for various courses. Some of the best available courses include:
The higher academic degree is awarded for research work of the candidate, demonstrating original contributions of “special excellence” in some branch of commerce.
The research academic degree is equal to a Doctor of Philosophy. Reportedly, at some universities, the degree-title honoured will be a function of the candidateâ€™s background: for example, in operations research.
The Doctorate of Philosophy can be done in many majors like Financial Studies, Commerce, Statistics etc.
International Finance Reporting Standards
International Financial Reporting Standards (IFRS) are a set of international accounting standards, transactions, financial statements and Financial Statements. IFRS are issued by the International Accounting Standards Board, and they specify exactly how accountants must maintain and report their accounts. IFRS were established in order to have a common accounting language, so business and accounts can be understood across borders.
International Financial Reporting Standards is for Finance professionals who need to acquire more a detailed understanding of IFRS. DipIFR is a fast and efficient solution that will develop the current knowledge of this field.
The Course aims at providing:
- Introduction of the concepts of IFRS
- Dissemination of knowledge on IFRS;
- Comparison of IFRS with existing Indian Accounting Standards;
- Issues in relation to IFRS;
- Conversion of Financial Statements prepared on the basis of Indian GAAP to IFRS based financial statements.
Certificate Course in Banking, Stock Market, Derivatives, Income Tax
M.com graduates are also eligible for all the certificate courses in Banking, Stock Market, Derivatives, Income Tax etc. This will also give them a specialized skill which will be of greater advantage as compared to other graduates.
There are various certificate courses available that will also match up to the studies done in M. Com:
- Certificate in Banking
- Certificate in Stock Market
- Certificate in Derivatives
- Certificate in Income Tax
- Certificate in Accounting
- Certificate in Micro Finance
- Certificate in Investment Banking.
Chartered Financial Analyst
Chartered Financial Analyst Program is offered internationally by the American based CFA Institute to candidate having knowledge about investment and finance. A candidate who successfully completes the program and requirement of the CFA Institute is awarded the â€˜CFA Charterâ€™.
It takes an average of 4 years for a candidate to complete and earn their CFA Charter. The program covers a broad range of topics which includes investment management, financial analysis, stocks, bonds and derivatives and other financial attributes.
There are certain minimum requirements which are required to be fulfilled:
Minimum Eligibility: The candidate should be in Final Year of graduation to pursue Level I CFA Exam
To get the charter: Four years of qualified, professional work experience, in addition to passing the level I CFA exam, Level II CFA exam and Level III CFA exam
Note: EduPristine provides guidance and training for CFA course CFA Training which is accredited by CFA Institute, which has helped students in growing their career. To learn more about CFA and CFA training,
A Company Secretary is a senior position professional in a private sector company and public sector organization.
A Company Secretary is responsible for the efficient running of the companyâ€™s administration in regard to the compliance with the legal and regulatory requirement and for ensuring the decisions made my board of directors are implemented.
There are three stages in the CS Course. They are
- Foundation Program
- Executive Program
- Professional Program
- Student has to go through 15 months of practical training.
- ICSI Executive program can be pursued after foundation course.
- Professional program can be pursued after successful completion of the Executive course.
- After completion of professional course and 15 months training student is joined as Associate Member of the ICSI and called as Associate company secretary (ACS).
ICSI is the Institute of Company Secretaries in India which offers Company Secretary course
Master of Philosophy
M. Phil (Master of Philosophy) is an advanced post graduate research degree. Master of Philosophy is thesis based only and is considered as the second masterâ€™s degree. Very few Universities offer M. Phil in India and it is a 2-year long program.
The following Universities are currently offering M.Phil:
2.Indira Gandhi National Open University(IGNOU)
JOB OPPORTUNITES after M.COM
M. Com presents a lot of career opportunities to the candidates. Banks and Financial organizations/companies are the major employers of these candidates. In India, Government organizations are the major employers of M.Com Graduates. Central Government companies offer numerous opportunities with basic pay at the entry level is INR 20,000/- to INR 30,000/- per month. Employees do get grade promotions while in the job and hence see the hike in the salary. In addition to this, working in a government organization comes with a lot of perks like gratuity funds, travel allowances and etc. To secure a government job, a candidate needs to pass a few tests conducted by the government such as UPSC, SSC, state PSC etc.
The private sector has always maintained a status of paying more than the Government sector. Same is the case here; a master degree holder in private sector company gets paid around INR 30,000/- to 40,000/- per month. Candidates with experience and proficiency can easily earn up to 6 figure income.
The salary of M. Com graduates vary according to the profile they are working in. Listed below are the various profile along-with their average salary in India:
Median Salary by Job – Degree: Master of Commerce (MCom) (India)
If you are looking for a career to improve your salary package then there are many courses available for obtaining good salary. In todayâ€™s competitive world, if you are not satisfied with the career or course you pursued there are many short-term â€“ high value â€“ low investment courses available in the market. If you have any questions about the above-listed careers or any other career, do mention it in the comments section below.
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