Promising Career Opportunities After Mcom

By Author: Venkatesh Donglikar
Total Articles: 11
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Commerce is among the most admired and respected subjects of study in India. It is a popular choice among the streams offered in high school and has more enrolments compared to streams of science and arts, even amongst the course streams offered at a high school other than science & humanity.
An MCom is a master's degree program in this field, which spans over a duration of two years.

Some of the best MCom courses in Bangalore give you knowledge that offers insights into stock markets, economic theory, finance, accounts, and non-profit flows.
A number of lucrative career opportunities await you on completion of this degree.

1. Chartered Accountant (CA) or Company Secretary (CS):

This is the highest in demand career option for commerce students. Many students actually opt for commerce with the intention of becoming a CA or CS.
Chartered accountants have the option of working in Banking (Private & Government), Public Limited Companies, Auditing Firms, Finance Companies, Legal Firms, Mutual Funds, broking Firms, Patent Firms, and Investment Houses

2. Banker:

Bankers ...
... are known for their excellent skills of communication, enjoy working with people, and have strong skills of sales and marketing. Getting an internship in this area before applying for banker jobs will boost your chances of landing your ideal job.

Some tasks you can expect as a banker include assisting customers with setting up a checking or savings account, managing certificates of deposits, handling trusts, investment accounts, and lines of credit.

3. Chief Accountant/Chief Internal Auditor:

This is yet another strong career choice for MCom graduates. You can join the Institute of Cost & Works Accountants of India (ICWAI). Once you’ve completed this course you are eligible to join as a Financial Controller, Cost Controller, Chief Internal Auditor and Chief Accountant.

There are various levels in Cost Accountancy: Foundation, intermediate, and final. You are required to give exams at all levels and complete three years of practical training.

Cost accountants are involved in the costing part of financial transactions. CWAs earn lesser, starting off at an average of 3 lakhs P.A and earning a package of around 8 – 10 lakhs after 5-6 years of work experience.

4. Certified Management Accountant (CMA):

The CMA is offered by the Institute of Management Accountants (IMA) USA and the content is reviewed and updated by the Institute of Certified Management Accountants (ICMA).

Desirable skills for CMA are financial planning, analysis, control, decision support, and professional ethics.

The career scope for MCom is growing with time. If you are serious about building a career in this industry, visit https://bus.alliance.edu.in/ and get more information on one of the best Mcom colleges in Bangalore.