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 highest salary potential that you can consider:

Job Title	Highest Salary (INR)
Chartered Accountant (CA)	₹25 LPA+
Financial Analyst	₹20 LPA+
Investment Banker	₹40 LPA+
Company Secretary (CS)	₹22 LPA+
Cost Accountant	₹18 LPA+
Tax Consultant	₹20 LPA+
Auditor	₹15 LPA+
Financial Planner	₹12 LPA+
Banker	₹18 LPA+
Digital Marketer	₹15 LPA+
Business Consultant	₹30 LPA+
Corporate Treasurer	₹35 LPA+

1. Chartered Accountant (CA)

The chartered accountant is a prestigious professional who takes charge of financial accounts, performs audits, and renders advisory services in taxation, financing, and business strategy matters. They ensure compliance with financial legislation, optimize tax strategies, and enhance general financial efficiency. They are employed by public accounting firms, corporate finance departments, and government agencies.

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 are the leading players in the financial industry who review volumes of financial data, formulate financial models, and provide insights to help businesses make investment decisions. They study economic trends, engage in financial forecasting, and examine the performance of various investment instruments like stocks, bonds, etc. Financial analysts can be found in investment firms, banks, insurance companies, and corporate finance departments which makes it a good career option after MCom.

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 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 

Tax consultants are experts at offering professional tax advice and services to individuals and enterprises. They help clients navigate complex tax laws, prepare tax returns, and devise tax-saving strategies. They help clients navigate complex tax laws, prepare tax returns, and devise tax-saving strategies. 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.

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 responsible for examining financial records for errors and omissions and ensuring accuracy and compliance with the required regulations. The job entails internal audits, external audits, discrepancy identification, and recommendations to improve financial processes. Auditors help maintain transparency in the organization, preventing fraud, and bringing improvement in operational efficiency. They 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 

Financial planners help individuals and businesses in achieving their financial goals through personalized advice in investment, retirement planning, estate planning, mitigation, or reduction of risk. They assess the position of clients in terms of finance, develop comprehensive financial planning, and accordingly suggest strategies to build or protect wealth. They work in financial advisory firms, banks, and insurance companies. However, most are independent consultants who find solutions tailored to diverse financial needs. 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

Courses After Completing 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: 

• Cost and Management Accounting (CMA): The CMA course is offered by the Institute of Cost Accountants of India (ICAI) and has three levels: foundation, intermediate, and final. After completing the three levels, you earn a CMA certification. This qualification is valuable for roles in cost 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.

Top Recruiters Hiring MCom Graduates 

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

• Deloitte
• KPMG
• PwC
• EY
• HSBC
• ICICI Bank
• HDFC Bank

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.

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