Top Career Options After an Online M.Com in India: A Complete Guide
Best Career Paths After an Online M.Com in India
Online M.Com in India is one of the excellent ways through which there will be a large scope for career opportunities, and graduates are taken in high-paid jobs by many sectors.
The availability of online education has increased multiple folds that have attracted lots of working professionals and students to opt for M.Com online degrees.
Among other factors like MCOM fees in India, which are highly relevant for any candidate.
- Why Do an Online M.Com in India?
An online M.com in India provides flexibility to the students to balance their academic goals with personal and professional commitments.
The advanced knowledge possessed by Mcom graduates from these fields puts them at a high level in matters of accounting, finance, economics, and business management.
M.Com fees in India are really variant across institutions and their programs.
In general, the fees of online M. Com programs are 20,000 to 1,50,000. Relatively, online programs are cheaper compared to those obtained through on-campus studies and thus reach a wider audience.
- Is MCom Comparable to M Com Honors
Considering the question, Is M.Com Hons?, one can see that M. Com and M. Com. Hons differ a little about approach and curriculum.
- M.Com : General education, giving overall knowledge regarding commerce, economics, and business practices.
- M.Com Hons : It is a professional course that gives more in-depth knowledge in finance, taxation, or accountancy.
- Best Career Paths After an M.Com
M.Com is a precious degree where many high-paying jobs can be pursued.
Here are the most promising career paths for M.Com graduates in India after completing M.Com online or through a traditional mode.
- Chartered Accountant (CA)
Chartered Accountancy is one of the most valued and high-paying career options for M.Com passouts in India.
M.Com pass outs tend to find the CA course an easier affair since it is related to accounting, auditing, and taxation.
Chartered Accountants can earn salaries between 7 lakh and 25 lakh per annum.
B). Financial Analyst
Another highly lucrative career option for M.Com graduates is that of a Financial Analyst .
In this role, experts examine financial numbers and report on investment opportunities to provide companies with the advice they need to make key financial decisions.
Financial analyst salaries vary from 6 lakh to 20 lakh per annum, depending on experience and industry.
C). Corporate Accountant
Corporate accountants oversee a company’s financial records and help ensure that the company complies with all the rules and regulations. Corporate accountants also assist in financial planning.
Most of India’s largest companies hire M.Com graduates for accounting purposes. Corporate accountants are usually paid between 5 lakh and 12 lakh per annum.
D). Tax Consultant
Tax Consultants work with individuals, corporations, and governmental agencies to prepare tax returns and implement tax planning strategies.
Experienced tax consultants can draw salaries ranging from 5 lakh to 15 lakh annually.
E). Investment Banker
For those who are keen to finance and economics, Investment Banking is a highly paid career.
Investment bankers help large corporations raise capital and execute mergers and acquisitions.
The salary of an entry level investment banker in India varies in between 8 lakh to 25 lakh annually.
F). Professor or Lecturer
Teaching: This is another excellent career opportunity for M.Com pass-outs.
Salaries of professors in India can range between 4 lakh per year and 20 lakhs or more, depending on the experience and the place of service.
G). Banking and Finance Careers
M.Com holders have great demand by banks and financial institutions.
Careers in retail banking, corporate finance, credit analysis, and loan management are very stable jobs.
Salaries of banking professionals holding an M.Com degree range between 4 lakh to 15 lakh per annum.
- Top M.Com Colleges in India based on NIRF Rankings:
The choice of a good college initiates a career progression and gives the right start to follow up with.
Some of the best M. Com colleges in India, as ranked by NIRF are as follows:
a) Indian Institute of Management (IIM), Ahmedabad
- NIRF Ranking : 1
- Elegibility : With the stringent curriculum of IIM Ahmadabad, excellent platforms are offered to the M. Com graduates in finance and management fields.
- M.Com Fees : ₹20 lakh (for postgraduate management programs).
b) University of Delhi (DU)
- NIRF Ranking : 13
- Eligibility: University of Delhi is one of the most sought after institutes for commerce students in India. Its M.Com program is very much famous for its all-round curriculum.
- M.Com Fees: 10,000 - 20,000 (approx).
c) Loyola College, Chennai
- NIRF Ranking : 5
- Elegibility : Commerce courses at Loyola College boast of well-structured programs and a strong placement track record.
- M.Com Fees: ₹40,000 - ₹60,000 per annum.
d) Christ University, Bangalore
- NIRF Ranking : 19
- Elegibility : Christ University is recognized for its excellence in producing talent in the fields of finance and accounting.
-M.Com Fees: ₹1,30,000-₹1,60,000 per annum.
e) Madras Christian College (MCC), Chennai
- NIRF Ranking: 17
- Elegibility : MCC offers full time M.Com course with a research focus and commerce application.
- M.Com Fees : ₹50,000 per year (approximately).
f) Shri Ram College of Commerce (SRCC), Delhi
- Rank: 12
- Elegibility : SRCC is one name that comes in one color while talking about excellence in commerce education, and so offers an all-round M.Com course.
- M.Com Fees: 30,000 to 40,000 per year.
- High Paying Jobs for M.Com Graduates:
As has already been said, the M.Com pass-outs can opt for several high-paying jobs which include:
-Chartered Accountant. 7 to 25 lakhs p.a.
- Financial Analyst. 6 to 20 lakhs p.a
- Corporate Accountant. 5 to 12 lakhs p.a.
-Tax Consultant. 5 to 15 lakhs p.a
-Investment Banker. 8 to 25 lakhs p.a
These jobs are of huge demand and have excellent potential growth, which is a bonus for an M.Com graduate .
Conclusion
All said, online M.Com from India is the best possible investment to spend money to further career in finance, accounting, taxation, or even corporate management.
In finding a good institute, NIRF rankings and M.Com fees in India are important to seek the most effective education.
Understanding different career courses that include Chartered Accountant, Financial Analyst, and Tax Consultant is something this course provides the M.Com graduates
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