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Top 25 Jobs After MCom and Exciting Salary Packages

February 26, 2024 - 5:26
Top 25 Jobs After MCom and Exciting Salary Packages

Are you an MCom graduate wondering what the job market has to offer? Look no further! In this article, we will explore the exciting job opportunities that await you after completing your MCom degree, with attractive salary packages to match. As an MCom graduate, you possess a unique blend of financial knowledge, analytical skills, and business acumen. This makes you a highly sought-after candidate in various industries.. With your MCom degree in hand, you can expect to earn a competitive salary right from the start, with ample opportunities for increments and promotions as you gain experience. So, if you are ready to embark on a fulfilling professional journey with lucrative earning potential, keep reading to discover the exciting job options awaiting MCom graduates like yourself. 

Job Prospects For Accounting Field 

Accounting & Finance: 

1. Chartered Accountant (CA): Analyse financial statements, provide tax advice, manage financial risks. Work in public practice, industry, or government. The Key skills required are:-

  • Strong analytical skill 
  • problem-solving skills 
  •  accounting knowledge 
  • excellent communication
  • interpersonal skills 

    2. Cost Accountant: Analyse production/operation costs, improve business efficiency and profitability. The Key skills required are:- 
  •  Cost accounting expertise, 
  • strong analytical
  • problem-solving skills, 
  • understanding of business processes, 
  • communication
  •  collaboration skills 

    3. Financial Analyst: Analyse financial data, make investment recommendations, assess company health. The Key skills required are:- 
  •  Strong analytical
  • research skills 
  • financial modelling expertise 
  • understanding of financial markets 
  • communication skills 
  • presentation skills 

    4.Tax Accountant: Advise individuals/businesses on tax laws and regulations, prepare tax returns, minimise tax liabilities. The Key Skills required are:- 
  •  In-depth tax knowledge 
  •  strong analytical
  • problem-solving skills, 
  • attention to detail 
  •  communication
  • client service skills 

    5. Internal Auditor: Assess the effectiveness of an organisation’s internal controls, identify and mitigate risks of fraud, waste, and abuse. The Key Skills required are:- 
  •  Strong auditing skills 
  •  internal control expertise, 
  • risk assessment and management skills 
  •  communication and collaboration skills. 

    6. Investment Banker: Provide financial services (mergers, acquisitions, underwriting, advisory) in financial institutions. The Key Skills required are:- 
  •  Strong financial modelling and analytical skills, 
  • Skills to deal structuring and negotiation expertise, 
  •  Excellent communication and interpersonal skills. 

    7. Risk Analyst: Identify, assess, and manage financial risks for companies. Develop and implement risk mitigation strategies. The Key Skills required: – 
  • Strong analytical and risk assessment skills, 
  • understanding of financial markets and risk management principles, communication and presentation skills. 

Business Analysis: 

8. Business Analyst: Identify and analyse business problems/opportunities, develop solutions to improve efficiency/effectiveness/profitability. The Key Skills required are:- Strong analytical and problem-solving skills, understanding of business processes, communication and collaboration skills, data analysis and modelling skills.
9. Data Analyst: Collect, clean, and analyse data to identify trends and patterns, inform business decisions. The Key Skills required are:- 

  •  Strong analytical and data manipulation skills, 
  • familiarity with data analysis tools, 
  • communication and collaboration skills 
  • problem-solving skills 

    10. Marketing Analyst: Analyse marketing data, track campaign effectiveness, identify new opportunities.The Key Skills required are:-
  • Strong analytical and research skills, 
  • understanding of marketing principles 
  •  data analysis and visualisation skills 
  •  communication and presentation skills 

    11. Human Resources Analyst: Analyse data on human resources issues, such as employee turnover, compensation, and benefits. Develop and implement HR policies and programs. The Key Skills required are:-
  • Strong analytical and problem-solving skills 
  •  understanding of HR principles and practices 
  • communication and collaboration skills. 

Management: 

12. Project Manager: Plan, execute, and control projects, ensure completion on time, within budget, and to scope. Key Skills: Strong leadership and organisational skills, project management methodology expertise, communication and stakeholder management skills.

13. Operations Manager: Oversee day-to-day business operations, ensure products/services are produced and delivered efficiently/effectively. Key Skills: Strong operational and planning skills, understanding of business processes, communication and leadership skills, problem-solving and decision-making skills. 

14. Supply Chain Manager: Oversee flow of goods/materials from suppliers to customers, ensure on-time delivery, right quality, lowest cost. Key Skills: Strong analytical and problem-solving skills, logistics and supply chain knowledge, negotiation and communication skills. 

15. Retail Manager: Oversee retail store operations, manage sales, staffing, inventory, and marketing. The Key Skills required are:-

  • Strong leadership and operational skills 
  • understanding of retail industry trends 
  • communication and interpersonal skills 
  •  problem-solving and decision-making skills. 

Other:  

16.  Hospital Administrator: Oversee day-to-day hospital operations, ensure high-quality patient care and efficient hospital management. The Key Skills required:-

  •  Strong leadership and administrative skills 
  •  healthcare management knowledge 
  •  communication and interpersonal skills 

    17. Education Administrator: Oversee school/college/university operations, ensure quality education and efficient institutional management. The Key Skills required:- 
  • Strong leadership and administrative skills 
  •  understanding of education systems, 
  • communication and interpersonal skills. 

    18. Insurance Underwriter: Assess risks associated with insurance policies, determine premiums, approve/deny coverage. The Key Skills required:- 
  • Strong analytical and risk assessment skills 
  • understanding of insurance products and regulations 
  •  communication and negotiation skills. 

    19. Forensic Accountant: Investigate financial crimes, uncover fraud, provide expert witness testimony. The Key Skills required:- 
  •  Strong accounting and auditing skills 
  •  fraud investigation expertise 
  • communication and presentation skills 

    20. Company Secretary: Ensure company compliance with legal and regulatory requirements, manage meetings, maintain records. The Key Skills required:- 
  • Strong legal and corporate governance knowledge, 
  • excellent communication and interpersonal skills 
  •  organisational and attention to detail skills. 

    21.Research Analyst: Conduct research on specific topics, analyse data, write reports, inform investment decisions. The Key Skills required:- 
  •  Strong research and analytical skills 
  • writing and communication skills 
  • understanding of relevant industry/market 
  • data analysis and visualisation skills. 

    22. Financial Planner: Develop and implement financial plans for individuals/businesses, achieve financial goals. The Key Skills required:- 
  •  Strong financial planning and analytical skills 
  •  understanding of financial products and markets 
  •  communication and client service skills. 

    23. Tax Consultant: Advise individuals/businesses on tax laws and regulations, prepare tax returns, minimise tax liabilities. The Key Skills required are:- 
  • In-depth tax knowledge 
  • strong analytical and problem-solving skills, 
  • attention to detail, 
  • Communication skills 

    24. Management Consultant: Advise businesses on how to improve their operations, performance, and profitability. Develop and implement solutions for specific challenges. The key Skills required:-
  • Strong analytical and problem-solving skills, 
  • understanding of business processes and best practices, 
  • communication and interpersonal skills 
  •  project management skills. 

    25. Data Scientist: Use advanced statistical and machine learning techniques to extract insights from data. Develop and apply data-driven solutions to business problems. The key skills required are:-
  • Strong mathematical and statistical expertise, 
  • programming skills 
  •  data analysis and modelling skills, 
  • communication and collaboration skills.

     

Top 25 Jobs after Mcom
Jobs after Mcom

Jobs After MCom with monthly salary  

 Listed below are the various jobs that are available with the approximate monthly salary for each job. The salaries listed below are just estimates and the actual salary that you may get would vary from company to company and is highly dependent on the location of the job. 

Job Prospects For Accounting Field 

Monthly Salary  

Chartered Accountant (CA):

34877 

Cost Accountant:

37,916.66 

Financial Analyst 

35,417 

Tax Accountant 

25,021 

Internal Auditor 

71097 71097 

Investment Banker 

92,04.83 

Risk Analyst 

 16,008 

Business Analyst 

28167 

Data Analyst 

41,000 

Marketing Analyst 

26,119 

Human Resources Analyst 

41,667 

Project Manager 

82,500 

Operations Manager: 

75,000 

Retail Manager 

77,701 

Hospital Administrator 

69,000 

Education Administrator 

87,838.17 

Insurance Underwriter 

24,852 

Forensic Accountant 

87,500.42 

Company Secretary 

41,667 

Research Analyst 

19,000 

Financial Planner 

35,260 

Tax Consultant 

30,019 

Management Consultant 

1,77,141 

Data Scientist 

40,833 

Jobs After MCom with monthly salary (source: Glassdoor) 

Which courses are available after MCom? 

Specialisation Courses: 

  • Chartered Accountant (CA): This certification course equips you with in-depth knowledge of accounting and auditing that opens doors to a wide arena of opportunities in fields of finance, taxation, and consulting. 
  • Cost and Management Accountant (CMA): cost analysis, budgeting, and financial management are areas needed to excel in cost management roles within various organisations. 
  • Certified Financial Analyst (CFA): The investment analysis and portfolio management skills are nurtured to prepare you for careers in investment banking, asset management, and financial research. 
  • Association of Chartered Certified Accountants (ACCA): Boosting of your employability by acquiring global accounting and finance qualifications recognized in over 190 countries. 
  • Certified Public Accountant (CPA): Aim for achieving a public accounting career in the US, this licence allows you to prepare and sign audit reports required to file tax returns and offer other financial services as well. 

Management Courses: 

  • Master of Business Administration (MBA): This versatile program enhances your leadership, communication, and strategic thinking skills, preparing you for management roles across various industries. 
  • Post Graduate Diploma in Management (PGDM): Similar to an MBA, a PGDM offers management expertise in a shorter duration, often focusing on specific industry sectors. 
  • Master of Management Studies (MMS): The specific management areas like marketing, human resources, or finance focuses on career advancement. 

Other Specialised Courses: 

  • Master of Financial Management (MFM): Financial analysis and risk management skills are inevitable in corporate finance, treasury, and in certain investment banking roles. 
  • Master of Taxation (MTax): Advanced tax knowledge and compliance expertise are essential in preparing you for specialised tax consulting or advisory positions in firms. 
  • Master of Accounting (MAcc): The necessary accounting and auditing skills for various accounting careers can be nurtured with this program. 
  • Data Science Specialization: Combine your accounting knowledge with data analytics skills for you to take up a data-driven decision making pattern within organisations. 

Choosing the best course surely depended on your specific career goals, interests, and budget. So research thoroughly, consider your strengths and aspirations, and get yourself enrolled in a program that aligns with your vision for the future. 

Job prospects in the government sector 

Government Jobs after M.Com and Salary per Month 

Are you aspiring to become a government employee after your M.Com? Explore these exciting opportunities! A variety of roles, from financial accounting to policy analysis, make for a satisfying career. We’ve covered basic skills and approximate salary levels for each, but remember, salary isn’t everything. Dive deeper into government websites, reports, and professional networks to gain comprehensive insight before charting your path to public service success! 

Finance & Accounting: 

1.Assistant Audit Officer (AAO) (CSS): 

 Conducts financial audits for government entities. Ensures Compliance and efficient use of public funds. Prepare audit reports and provide recommendations for further improvement. 

The Key Skills required are:- 

  •  Strong analytical and problem-solving skills 
  •  attention to detail 
  •  understanding of accounting principles
  •  auditing standards 
  •  excellent communication
  •  reporting skills 
  •  ability to work independently as part of a team 

2.Income Tax Inspector (ITI): 

 Assess and collects income tax from individuals and businesses, ensuring fair and accurate tax collection. Conduct investigations, resolve disputes, and maintain taxpayer records. 

The Key Skills required are:-

  • In-depth knowledge of tax laws and regulations 
  •  strong analytical and investigative skills 
  •  excellent communication and persuasion skills 
  • ability to handle taxpayer queries and resolve disputes effectively 

3.Assistant Accounts Officer (AAO) (PSBs): 

 Handles financial transactions, manages accounts, and maintains financial records for public sector banks. Prepare budgets, analyse financial data, and comply with banking regulations. 

The Key Skills required are:- 

  •  Strong accounting and financial management skills 
  • proficiency in accounting software 
  • excellent communication
  •  interpersonal skills 
  •  ability to manage multiple tasks efficiently and meet deadlines 

4.Auditor (CAG): 

Performs independent audits of government departments and ministries, ensuring accountability and financial transparency. Evaluate internal controls, identify risks, and make recommendations for improvement. 

The Key Skills required are:- 

  •  Strong auditing and investigative skills 
  • understanding of government accounting
  • financial management practices 
  • excellent communication and reporting skills 
  •  ability to work independently and maintain objectivity 

5.Accountant (Ministries/Departments): 

 Manages financial records, prepares budgets, and provides financial analysis for various government departments. Analyse financial data, prepare reports, and advise on resource allocation. 

The Key Skills required are:- 

  •  Strong accounting and financial analysis skills 
  • proficiency in budgeting and forecasting 
  • excellent communication and presentation skills 
  • ability to analyse financial data and provide insights for decision-making. 

Other Opportunities: 

1.Assistant Section Officer (ASO) (CSS): Perform administrative tasks, manage records, and assist senior officers in various government ministries and also to Draft letters, handle public inquiries, and maintain office procedures which requires passing additional exams 

The Key Skills required:- Strong written and communication skills 

  • ability to handle administrative tasks efficiently 
  • knowledge of government procedures and regulations 
  •  good interpersonal and teamwork skills 

2.Statistician (Ministries/Departments)

 This is to Collect, analyse, and interpret statistical data to inform policy decisions and research for various government initiatives. Conduct surveys, prepare reports, and present findings to policymakers. (May require specialisation) 

The Key Skills required are:- 

  •  Strong statistical analysis and data interpretation skills, 
  • proficiency in statistical software 
  •  ability to communicate complex data insights effectively 
  •  understanding of relevant government policy areas. 

3.Research Officer (Ministries/Departments): 

 To Conduct research on specific topics, analyse data, and prepare reports to inform policy development and decision-making. To Conduct literature reviews, conduct interviews, and present findings to stakeholders. (May require specialisation) 

The Key Skills required:- 

  •  Strong research and analytical skills 
  •  ability to write concise and informative reports, 
  • understanding of relevant government policy areas, 
  • strong communication and presentation skills. 

This list is not exhaustive, and specific roles may have additional requirements. Research thoroughly and prepare for relevant competitive exams. Remember, salary ranges can vary depending on experience, location, and specific role. 

Salary per month for Government jobs after MCOM 

Here’s a summary of the salary ranges for the mentioned government jobs after M.Com: 

  • Finance & Accounting: ₹35,000 – ₹1,60,000+ per month 
  • Other Opportunities: ₹40,000 – ₹1,30,000+ per month (may require additional exams or specialisation) 

These are rough estimates and can vary significantly based on experience, location, and specific role. Always consult official sources for detailed and accurate salary information. 

Amrita AHEAD MCom :An Overview 

Master of Commerce (M.Com):  AMrita AHEAD elevates your knowledge and expertise in commerce and applications with the Online M.Com program.It is specially designed to sharpen your analytical and critical thinking skills in the realm of finance, accounting, and business economics to make you job ready..Pursuing an Amrita AHEAD Master of Commerce (M.com) degree itself brings to you knowledgeable in various fields such as those of finance, accounting, advertising, and management. Choose from specialisations like: 

MCom :Finance and Systems 

The Online M. COM – Finance & Systems at Amrita AHEAD is a 2-year Post Graduate Programme .It is relevant to build a strong foundation of conceptual, entrepreneurial, and analytical skills required for handling the Business Operations. 

In various fields of business in operational areas of business management. This Course is prepared by top-notch academia in the field of Management and Commerce intended to enrich the learner’s skills and knowledge. 

MCom :International Finance and Accounting  

The Online M.COM Finance and Accounting program Is a 2 year Post Graduate program.It is benchmarked with a Globally recognized professional qualification of CPA-US (Certified Public Accountant). Highly regarded worldwide with the conceptualization of International finance, audit, and taxation circles meeting the industry Requirements combined with excellence in academia .It opens doors to a wide range of careers, including Public accounting, Corporate finance, government roles and advisory services, providing a dynamic career path for a prosperous future.This curriculum inclines towards business leadership, serving as a robust foundation and credential for future entrepreneurs with high industry standards with top notch Academia. 

To Conclude 

Whether you are interested in finance, marketing, consulting, or any other field, there are a plethora of job roles that can leverage your expertise and offer rewarding career growth. From corporate finance managers to financial analysts, investment bankers to business consultants, the options are plentiful. Companies across sectors are eager to hire MCom graduates to improve their financial strategies, streamline operations, and drive growth. Not only are these jobs intellectually stimulating, but they also come with attractive salary packages.More than the financial part of the job undertaken one must concentrate on the enhancement of skills that goes with every job profile.The kind of professional profile one can develop with a job experience is much worthier than the salary aspect of the job.With a conclusion that finances in turn make an integral part of a job profile and it cannot be negated makes the discussion profound.Join hands with Amrita AHEAD in your Online MCom journey so that in near future with the required skills, you can earn a job and not yearn. 

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