Top 12 Jobs After MCom: Required Skills, Average Salary, & More

The Master of Commerce, or MCom is a worthwhile step towards a lucrative career in the commerce and finance arena. An MCom degree offers a huge scope for candidates in various sectors of the fast-growing job market. Whether it’s the intricate world of accounting, the dynamic environment of banking, or the strategic field of financial planning, after MCom, many job opportunities are open to you. This blog delves into the best jobs after MCom, elaborating on roles, required skills, and potential salaries to make an informed career decision.

List of Best Jobs After MCom with Salary

Pursuing an MCom opens up a wide range of career-building opportunities in many industries. Graduates of the MCom programs have a solid foundation in accounting, finance, and business concepts, which equips them to manage a wide range of tasks in the corporate world. They can find great employment opportunities in various modern fields, including digital marketing, financial analysis, and chartered accounting. 

Here is a table, listing the best jobs after MCom with their salary potential that you can consider:

Jobs After MCom	Average Salary Range (INR)
Chartered Accountant (CA)	₹7 LPA – ₹15 LPA
Financial Analyst	₹5 LPA – ₹12 LPA
Investment Banker	₹10 LPA – ₹20 LPA
Company Secretary (CS)	₹6 LPA – ₹12 LPA
Cost Accountant	₹4 LPA – ₹10 LPA
Tax Consultant	₹5 LPA – ₹12 LPA
Auditor	₹4 LPA – ₹9 LPA
Financial Planner	₹4 LPA – ₹10 LPA
Banker	₹3 LPA – ₹8 LPA
Digital Marketer	₹4 LPA – ₹10 LPA
Business Consultant	₹6 LPA – ₹15 LPA
Corporate Treasurer	₹8 LPA – ₹18 LPA

1. Chartered Accountant (CA)

A Chartered Accountant (CA) is a financial expert responsible for auditing, taxation, accounting, and financial management. They offer advisory services in taxation, financing, and business strategy matters. They ensure compliance with financial legislation, optimize tax strategies, and enhance general efficiency. Typically, CAs work in various sectors, including corporate finance, banking, taxation, and consulting, helping organizations maintain financial transparency and compliance with legal regulations. 

Key Responsibilities:

Here are the key responsibilities of chartered accountancy jobs:

• Preparing and examining financial records.
• Ensuring accuracy and compliance with regulations.
• Advising on tax planning and strategies.
• Conducting audits and financial analysis.
• Providing financial advice to businesses and individuals.
• Managing financial reporting and budgeting.

Skills Required:

Here are the key skills required to become a chartered accountant:

• Strong analytical and problem-solving abilities.
• Proficiency in accounting and financial reporting.
• Knowledge of tax laws and regulations.
• Attention to detail and accuracy.
• Excellent communication and interpersonal skills.

Average Salary Range: ₹7 LPA – ₹15 LPA

2. Financial Analyst 

Financial analysts have the best job after MCom. A financial analyst evaluates data, market trends, and investment opportunities to help businesses and individuals make informed financial decisions. They analyze financial statements, economic conditions, and business performance to provide insights that guide strategic planning and investment management. Financial analysts work in banking, investment firms, corporate finance, and consulting. They assess risks, forecast financial outcomes, and offer recommendations for improving profitability and efficiency.

Key Responsibilities:

Here are the key job responsibilities of financial analysts:

• Analyzing financial data and trends.
• Developing financial models and forecasts.
• Evaluating investment opportunities.
• Preparing reports and presentations for management.
• Monitoring financial performance and risks.
• Advising on financial planning and strategy.

Skills Required:

Here are the key skills required to become a financial analyst:

• Expertise in financial modeling and analysis.
• Proficiency in Excel and financial software.
• Strong understanding of financial statements.
• Analytical thinking and attention to detail.
• Excellent communication and presentation skills.

Average Salary Range: ₹5 LPA – ₹12 LPA

3. Investment Banker 

Investment bankers facilitate major financial transactions, including mergers, acquisitions, and the issuance of stocks and bonds. They advise corporations, governments, and other entities on capital raising and investment opportunities. They are known for their analytical prowess, strong negotiation skills, and deftness in handling complex financial instruments. They work in large investment banks, boutique advisory firms, and corporate finance divisions.

Key Responsibilities:

Here are the key job responsibilities of an investment banker:

• Assisting clients with mergers and acquisitions.
• Underwriting new securities issues.
• Conducting financial analysis and valuation.
• Structuring financial deals and transactions.
• Providing strategic financial advice.
• Managing client relationships and negotiations.

Skills Required:

Here are the key skills required to become an investment banker:

• Strong financial and analytical skills.
• Proficiency in financial modeling and valuation.
• Excellent communication and negotiation skills.
• Ability to work under pressure and meet deadlines.
• Knowledge of investment banking products and markets.

Average Salary Range: ₹10 LPA – ₹20 LPA

4. Company Secretary (CS) 

Company secretaries ensure corporate governance compliance and efficient administration in an organization. They are outright experts in company law, advising the board of directors on compliance with statutory provisions, better governance, and risk management. They also manage shareholder relations, organize board meetings, and maintain corporate records. They render their services to public companies private companies, regulatory bodies, and consultancy firms.

Key Responsibilities:

Here are the key job responsibilities of company secretary jobs:

• Ensuring compliance with corporate laws and regulations.
• Managing board meetings and shareholder communications.
• Maintaining statutory records and filings.
• Advising on corporate governance matters.
• Overseeing corporate secretarial functions.
• Handling legal documentation and correspondence.

Skills Required:

Here are the key skills required to become a company secretary:

• In-depth knowledge of corporate laws and regulations.
• Strong organizational and administrative skills.
• Excellent communication and interpersonal skills.
• Attention to detail and accuracy.
• Ability to handle confidential information.

Average Salary Range: ₹6 LPA – ₹12 LPA

5. Cost Accountant 

Cost accountants deal with managing or analyzing the costs of a company to improve its efficiency and profitability. They play a central role in the budgeting, planning, and performance appraisal processes. They practice in manufacturing companies, service industries, government agencies, and consulting firms, assuring that costs and resources are effectively managed. This makes cost accounting one of the crucial jobs after MCom for those interested in financial management and cost control.

Key Responsibilities:

Here are the key job responsibilities of a cost accountant:

• Analyzing and controlling costs.
• Preparing cost reports and budgets.
• Conducting variance analysis.
• Implementing cost reduction strategies.
• Monitoring financial performance.
• Advising on pricing and financial decisions.

Skills Required:

Here are the key skills required to become a cost accountant:

• Strong analytical and numerical skills.
• Proficiency in cost accounting and management accounting.
• Knowledge of cost control and budgeting techniques.
• Attention to detail and accuracy.
• Excellent communication and reporting skills.

Average Salary Range: ₹4 LPA – ₹10 LPA

6. Tax Consultant 

A tax consultant provides expert advice on tax planning, compliance, and regulations. They assist individuals and businesses in minimizing tax liabilities while ensuring adherence to legal requirements. These professionals prepare tax returns, analyze financial statements, and offer strategic tax-saving solutions. Tax consultants stay updated on changing tax laws and help clients optimize deductions, exemptions, and credits. Additionally, they provide guidance on corporate taxation, GST, income tax, and international taxation.

Furthermore, they work in accounting firms, legal firms, and corporate tax departments. They also work as independent advisors to optimize tax liabilities and ensure legal compliance, making it a key job after MCom for those specializing in taxation and legal compliance.

Key Responsibilities:

Here are the key job responsibilities of tax consultants:

• Providing tax planning and advisory services.
• Preparing and filing tax returns.
• Ensuring compliance with tax laws and regulations.
• Conducting tax audits and investigations.
• Advising on tax-efficient investment strategies.
• Representing clients before tax authorities.

Skills Required:

Here are the key skills required to become a tax consultant:

• In-depth knowledge of tax laws and regulations.
• Strong analytical and problem-solving skills.
• Attention to detail and accuracy.
• Excellent communication and client management skills.
• Proficiency in tax software and tools.

Average Salary Range: ₹5 LPA – ₹12 LPA

7. Auditor 

Auditors are financial professionals responsible for examining and verifying financial records to ensure accuracy and compliance with regulatory standards. They assess financial statements, internal controls, and operational processes to identify discrepancies, fraud, or inefficiencies. These professionals conduct internal and external audits for organizations, ensuring financial transparency and regulatory compliance. They prepare audit reports, offer risk management solutions, and suggest improvements in financial practices. Auditors work in accounting firms, government agencies, and corporate audit departments and provide necessary independent assurance and oversight services. 

Key Responsibilities:

Here are the key job responsibilities of an auditing job:

• Conducting internal and external audits.
• Reviewing financial statements for accuracy.
• Ensuring compliance with regulations and standards.
• Identifying and assessing financial risks.
• Recommending improvements to financial processes.
• Preparing audit reports and documentation.

Skills Required:

Here are the key skills required to become an auditor:

• Strong analytical and critical thinking skills.
• Proficiency in auditing standards and practices.
• Attention to detail and accuracy.
• Excellent communication and reporting skills.
• Ability to work independently and as part of a team.

Average Salary Range: ₹4 LPA – ₹9 LPA

8. Financial Planner 

A financial planner is also known as a ‘financial advisor’. They help individuals and businesses develop comprehensive financial strategies to achieve their long-term financial goals. They analyze clients’ income, expenses, investments, and risk tolerance to create personalized financial plans. Financial planners provide guidance on investment management, retirement planning, tax strategies, and wealth preservation. They also assist clients in budgeting, insurance planning, and estate management. By offering tailored financial solutions, financial planners help clients make informed decisions, maximize savings, and secure their financial future effectively. It is one of the most rewarding job opportunities after MCom for those interested in personal finance and strategic planning.

Key Responsibilities:

Here are the key job responsibilities of a financial planner:

• Assessing clients’ financial needs and goals.
• Developing personalized financial plans.
• Advising on investments, insurance, and retirement.
• Monitoring and reviewing financial plans.
• Conducting financial risk assessments.
• Providing guidance on estate planning.

Skills Required:

Here are the key skills required to become a financial planner:

• Strong knowledge of financial planning and investment strategies.
• Excellent analytical and problem-solving skills.
• Proficiency in financial software and tools.
• Excellent communication and interpersonal skills.
• Ability to build and maintain client relationships.

Average Salary Range: ₹4 LPA – ₹10 LPA

9. Banker 

Bankers provide a range of financial services, including managing customer accounts, offering loans, and facilitating transactions. They work in personal and business banking, covering the needs of clients in matters relating to saving, investment, and credit. Bankers also ensure their conformance with banking regulations and give financial advice. They work in retail banks, commercial banks, and credit unions, contributing towards enhancing the general economy. It is one of the most prominent jobs after MCom for those aiming to secure a stable career in banking. 

Key Responsibilities:

Here are the key job responsibilities of a banker:

• Managing customer accounts and transactions.
• Providing loans and credit services.
• Offering financial advice and solutions.
• Ensuring compliance with banking regulations.
• Handling customer inquiries and issues.
• Promoting banking products and services.

Skills Required:

Here are the key skills required to become a banker:

• Strong understanding of banking products and services.
• Excellent customer service and relationship management skills.
• Attention to detail and accuracy.
• Proficiency in banking software and tools.
• Strong communication and problem-solving skills.

Average Salary Range: ₹3 LPA – ₹8 LPA

10. Digital Marketer 

Digital marketers use online platforms and technologies to deliver their products and services. They strategize digital marketing campaigns, track them in real-time using performance metrics, and formulate plans on how to manipulate engagement and conversion rates. They target their customers through SEO, social media, email marketing, and content marketing. They are commonly employed within marketing agencies, corporate marketing departments, and freelance platforms to drive brand awareness and business growth. 

Key Responsibilities:

Here are the key job responsibilities of digital marketing jobs:

• Developing and implementing digital marketing strategies.
• Managing social media campaigns.
• Optimizing website content for SEO. 
• Analyzing digital marketing performance metrics.
• Creating and managing online advertising campaigns.
• Engaging with customers through digital channels. 

Skills Required:

Here are the key skills required to become a digital marketer:

• Proficiency in digital marketing tools and techniques.
• Strong analytical and data-driven thinking.
• Excellent communication and creative skills.
• Knowledge of SEO, SEM, and social media marketing.
• Ability to create and manage digital marketing campaigns.

Average Salary Range: ₹4 LPA – ₹10 LPA

11. Business Consultant 

Business consultants provide professional advice on matters related to the better performance of businesses and other challenges encountered by organizations. They evaluate the flow of business processes and suggest a strategic solution for the same. Their focus areas are primarily based on management, operations, marketing, and financial issues. They act as independent advisors helping businesses with efficiency, profitability, and growth. For those who have a knack for problem-solving and strategic thinking, this role is one of the most highly valued jobs after MCom.

Key Responsibilities:

Here are the key job responsibilities of a business consultant:

• Analyzing business operations and identifying areas for improvement.
• Developing strategic business plans and solutions.
• Advising on organizational changes and processes.
• Conducting market research and analysis.
• Facilitating client meetings and workshops.
• Providing expertise in specific business areas.

Skills Required:

Here are the key skills required to become a business consultant:

• Strong analytical and problem-solving skills.
• Excellent communication and presentation skills.
• Knowledge of business processes and strategy.
• Ability to work with diverse clients and industries.
• Proficiency in business software and tools.

Average Salary Range: ₹6 LPA – ₹15 LPA

12. Corporate Treasurer

A corporate treasurer is one of the best jobs after MCom. They manage organizational liquid assets, liabilities, and risks. They control cash flows, investment strategies, financial planning, and the maintenance of optimum liquidity and financial stability. In addition, they are engaged in developing relations with financial institutions or any other task associated with stakeholders.

Key Responsibilities:

Here are the key job responsibilities of a corporate treasurer:

• Managing the organization’s financial assets and liabilities.
• Overseeing cash flow and liquidity management.
• Developing and implementing investment strategies.
• Ensuring compliance with financial regulations.
• Managing relationships with financial institutions.
• Conducting risk management and financial planning.

Skills Required:

Here are the key skills required to become a corporate treasurer:

• Strong understanding of corporate finance and treasury management.
• Excellent analytical and decision-making skills.
• Proficiency in financial software and tools.
• Attention to detail and accuracy.
• Excellent communication and leadership skills.

Average Salary Range: ₹8 LPA – ₹18 LPA

Top Recruiters Hiring MCom Graduates 

After completing an MCom degree, graduates have many opportunities with top companies such as Deloitte. KPMG and PwC. Recruiters seek skilled professionals in finance, accounting, and commerce roles. Here is a list of some prominent companies hiring MCom degree graduates:

Companies	Average Annual Salary
Deloitte	₹3.6 LPA — ₹4.6 LPA
KPMG	₹4 LPA — ₹6 LPA
PwC	₹5 LPA — ₹12.3 LPA
EY	₹4 LPA — ₹15 LPA
Wipro	₹3 LPA — ₹7 LPA
Axis Bank	₹2 LPA — ₹8 LPA

How to Get a Job After MCom?

After completing an M.com degree, adopt a strategic job search approach to secure an opportunity. The job search process includes developing essential skills, gaining hands-on experience, and building a strong professional network. Here’s a step-by-step guide on how to get a job after pursuing an M.com: 

• Identify Your Career Goals: Identify your career goals and explore various job roles accordingly. Deciding whether you are interested in finance, accounting, taxation, or consulting can help you gain a clear direction. This will help you streamline your job search and develop relevant skills. 
• Develop Key Skills: Strengthen your expertise in core areas. It includes financial analysis, accounting software, taxation, and business communication. Earning a certification in financial modeling and valuation course, CFA, CPA, or GST, can also enhance your qualifications and make you more competitive in the job market.
• Gain Practical Experience: Gain relevant experience through internships, part-time jobs, and volunteer work to learn industry-relevant skills. The work experience will enhance your resume and help you prepare for the job. Here are some opportunities you can explore:
  • Finance internships
  • Chartered Accountancy (CA) internships
  • Accounts internships
  • Auditing internships
• Build a Strong Resume: Highlight your M.Com degree, specialized skills, and relevant internships or projects in your resume. Additionally, customize the resume and cover letter for each application to ensure these documents align with the job description and requirements.
• Network & Apply for Jobs: Networking helps gain referrals for job applications and provides valuable insights into industry practices. Strengthen your professional network by connecting with industry experts on sites like LinkedIn, attending events, and joining online forums. At the same time, actively apply for jobs on platforms like Internshala and company websites to discover opportunities in fields like finance, accounting, banking, and consulting.

Courses After an MCom Degree

After completing an MCom degree, many graduates look for ways to enhance their skills and career prospects. You can either pursue higher studies or choose professional certification courses that give you an edge in the job market. The courses that you can pursue after MCom are: 

Courses After MCom	Description
Cost and Management Accounting (CMA)	The CFA program, provided by the CFA Institute in the US, consists of three levels: level I, level II, and level III. You earn the Chartered Financial Analyst (CFA) title after completing all three levels. This prestigious certification is perfect for those seeking advanced positions in finance and investment management.
Chartered Accountancy (CA)	The CA training is conducted by the Institute of Chartered Accountants of India. The training involves studying for three stages (foundation, intermediate, and final) to become a qualified chartered accountant. This opens doors to careers in auditing, taxation, and financial planning.
Chartered Financial Analyst (CFA)	The CFA program, provided by the CFA Institute in the US, consists of three levels: level I, level II, and level III. Upon completing all three levels, you earn the Chartered Financial Analyst (CFA) title. This prestigious certification is perfect for those seeking advanced positions in finance and investment management.
Company Secretary (CS)	The CS course is run by the Institute of Company Secretaries of India. After passing all levels of the CS examination, you are certified as a company secretary. This qualification prepares you for roles in corporate governance and legal compliance.

Conclusion

The MCom degree opens wide avenues in the fields of finance, accounting, and business. Whether you aim for highly analytical roles like a chartered accountant or financial analyst, or strategic positions like an investment banker or business consultant, there are numerous jobs after MCom that can lead to a rewarding career. The key is to know what you are good at, your points of interest, and the qualifications required for your desired job. Also, check out high-paying jobs after BCom.

FAQs