Introduction

So, are you a B.Com graduate considering pursuing your M.Com? You should know the importance of a degree with a significant output. An M.Com degree is a facet of business and helps you establish a career in commerce, economics, accounting and management. Job opportunities are available in both private and public sectors. This blog will assist you if M.Com is the right path for your career in 2024.

What is an M.Com degree?

An M.Com, a Master in Commerce, is a 2-year postgraduate general degree in commerce. This course offers advanced knowledge in accounts, taxation, economics and management. B.Com graduates pursue this course after graduation. The theoretical aspect is focused more than the practical aspects, and the pedagogy is a bit conventional. Companies are always looking for professionals with expertise to handle complex accounting systems. Mcom professionals may be the best fit for this job role.

Top 5 advantages of pursuing an M.Com degree

An M.Com degree is a valuable key to a viable career in commerce. Here is the list of the top 5 advantages of pursuing an M.Com degree:

• Higher earning potentials

The earning potential may increase with an M.Com degree. Reports have shown that M.Com graduates typically earn more than B.Com graduates.

• Networking

M.Com degree helps you to network with your industry experts in commerce.

• Career upliftment

You can advance your career by working in various sectors like banking, finance, stock market and insurance firms. 

• Specialization and job offers

This course never falls short of the subject specialization, job offers and pre-internship opportunities. 

• Skills enhancement

The skills taught throughout this course are valuable for your personal and professional development. 

Top 5 disadvantages of pursuing an M.Com degree

Despite its numerous benefits, this course falls short in some areas of commerce. Here is the list of the top 5 disadvantages of this degree:

• Time commitment

An M.Com degree is generally a 2-year course that demands substantial time for completion. You need to complete your studies and assignments in this course.

• Cost

The cost of pursuing an M.Com degree can be expensive. It may lead to an additional burden on your ongoing expenses.  

• Limited specializations

The specializations offered in this course are limited. You get to specialize only in some limited subjects to specialize in.

• Additional research works

You may need additional research work during your study.

• Less practical exposure

The practical exposure is less in this course, which is a severe drawback in this course. 

Top 10 best job roles after M.Com 

The job roles after M.Com are available in both public and private sectors. Here is the list of the top 10 best job roles after M.Com that you can expect:

• Investment banker
• Chartered accountant
• Company secretary
• Treasury manager
• Tax consultant
• Financial analyst
• Cost accountant
• Financial controller
• Risk analyst
• Cost accountant

What is the average salary after an M.Com degree?

The average salary after any degree depends upon numerous factors. However, the average salary after an M.Com degree in India starts at 4 LPA.

5 Best alternative courses for M.Com

Here is the list of 5 best alternative courses for M.Com:

• CFA
• Digital marketing
• Finance 
• MBA
• Investment banking

Top 10 recruiting partners for M.Com graduates

Here is the list of the top 10 recruiting partners for M.Com graduates:

• ICICI bank
• HSBC
• TCS
• Wipro
• Hindustani Unilever Limited
• Nestle
• ITC Limited
• TCS
• Infosys
• Axis Bank

Overall, an M.Com degree equips you with knowledge in accounts and taxation. It is subjective to term this course as good or bad. 

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FAQS

• What is an M.Com degree?

An M.Com, a Master in Commerce, is a 2-year postgraduate general degree in commerce.

• Can I do M.Com after Bcom?

Yes, you can do M.Com after Bcom. You need atleast 50% in your graduation.

• How much salary can I get after my M.Com degree?

The average salary offered after completion of a course depends upon on several factors. You can expect to earn an average of 4 LPA 

• Which companies hire M.Com graduates?

ICICI bank, HSBC, TCS, Wipro, Hindustani Unilever Limited and Nestle are some of the companies that hire M.Com graduates.

• Is MBA better than Mcom?

MBA is a professional degree whereas M.Com is a general degree. Both have different curriculums and pedagogies. It may be subjective to generally consider one degree to be "better" than others.