Deciding after Mcom which course is the best can be very tough since many professional and academic options exist. The best courses after Mcom are ACCA, CA, CFA, CMA, and MBA. Whichever your purpose for going to that course, the correct selection after M. Com would be helpful for your career in the best way. This article will discuss the best courses to opt for after M.Com, career prospects, salary expectations, and why further education after M.Com is a good idea.
Why You Should Go for a Course After M.Com?
A course after M.Com increases job opportunities and skills. Specialized programs like CA, CFA, or CMA will fetch high-paying jobs in top companies. The value added by these qualifications enhances your profile and helps you get placed with the leading organizations in the world.
Professional courses lead to careers as a financial analyst, chartered accountant, or investment banker and pay a good salary. It gives professional advanced expertise and keeps a person ahead of others in fields such as finance, taxation, or management; this can offer stable career progression and more options.
Global certifications, like CFA or ACCA, focus more on practical skills like financial modelling and problem-solving. Such programs keep you abreast of industry trends, so you’re always relevant in the competitive job market. Such global certifications open international opportunities and let you work for global firms.
Courses After M com
If you are still confused about after M Com that which course is best and which course is best after M Com, here is the detailed specification of the top 10 courses you can pursue:
Chartered Accountancy (CA)
The Chartered Accountancy (CA) course is the professional accounting, auditing, and taxation qualification offered by institutes such as ICAI in India. The three-tier entry level includes Foundation, Intermediate, and Final. CA produces mastery in financial management, tax laws, and corporate auditing, securing demand positions in finance and business. It is highly acclaimed for its rigour and career opportunities.
- Career Opportunities: Chartered Accountant, Auditor, Tax Consultant.
- Salary: ₹7-10 lakhs per annum.
- Duration: 4-5 years.
Company Secretary (CS)
The CS or Company Secretary course is a corporate law, governance, and compliance program that trains students. This course is essential for managing companies’ legal and regulatory requirements. The course has three levels: Foundation, Executive, and Professional. A CS professional is on the frontline of ensuring that a company follows legal guidelines. This course suits those interested in corporate governance and legal advisory roles.
- Career Opportunities: Company Secretary, Compliance Officer, Legal Advisor.
- Salary: ₹6-8 lakhs per annum.
- Duration: 2-3 years.
Chartered Financial Analyst (CFA)
This CFA course concerns investment management, financial analysis, and portfolio management. The three levels are designed to prepare its students for professions in finance, which could include being an analyst or a portfolio manager. The CFA course is recognized and valued worldwide by employers in banks, investments, and corporate finance. It is best suited for a student seeking to build a solid foundation for their career in finance and investments.
- Career Opportunities: Financial Analyst, Portfolio Manager, Risk Analyst.
- Salary: ₹8-15 lakhs per annum.
- Duration: 2-3 years.
Certified Management Accountant (CMA)
CMA US is ideal for students interested in building a career in cost accounting, strategic management, and performance evaluation. This globally recognized certification helps you gain skills in financial planning and decision-making. It boosts your career prospects by preparing you to take key roles in accounting and management with the world’s top organizations.
- Career Opportunities: Management Accountant, Financial Controller, Cost Manager.
- Salary: ₹8-12 lakhs per annum.
- Duration: 2-3 years.
MBA (Specialization in Finance or Marketing)
The MBA course is a professional degree in business management. It helps the students acquire leadership, marketing, finance, and strategy skills. Practical knowledge is encouraged through case studies and projects. An MBA educates students to be effective leaders in the company and helps them move toward success in their careers. It is the best choice for those who see success in business and management.
- Career Opportunities: Marketing Manager, Financial Consultant, Business Analyst.
- Salary: ₹7-15 lakhs per annum.
- Duration: 2 years.
ACCA (Association of Chartered Certified Accountants)
The ACCA course provides international qualifications in accounting and finance. It equips the students with financial management, auditing, and taxation skills. It prepares students for global career opportunities through 13 papers divided into three levels. The course provides practical knowledge that is recognized across the globe and is ideal for those looking to work in finance or accounting roles.
- Career Opportunities: Auditor, Financial Consultant, International Accountant.
- Salary: ₹6-10 lakhs per annum.
- Duration: 2-3 years.
Financial Risk Management (FRM)
Financial Risk Management, or FRM, is an international certification that prepares an individual interested in risk analysis, assessment, and mitigation. You will gain these skills as required to master finance risk management practices. Upon training, you get ready for in-demand jobs managing risks within those organizations that want to work closely with global establishments.
- Career Opportunities: Risk Analyst, Credit Risk Manager, Operational Risk Manager.
- Salary: ₹10-18 lakhs per annum.
- Duration: 1-2 years.
Ph.D. in Commerce or Management
Ideal for the student who has an academic interest or wants to get into research work, a PhD in Commerce or Management would prepare students for roles like professors, researchers, or corporate trainers. Pursuing a PhD gives in-depth knowledge and expertise and opens avenues for teaching, publishing research papers, and contributing to advances in commerce and management.
- Career Opportunities: University Professor, Researcher, Consultant.
- Salary: ₹5-15 lakhs per annum.
- Duration: 3-5 years.
Certified Public Accountant (CPA)
US CPA course is a world-recognized accounting qualification granted to a Certified Public Accountant. The scope of the course is based on auditing, taxation, financial accounting, and business law. It comprises four parts, which help prepare the student to take high-demand roles in the corporate arena of accounting and finance. It is recommended for those with an international auditing, taxation, or financial management career.
- Career Opportunities: Tax Consultant, Tax Advisor, Compliance Officer.
- Salary: ₹6-8 lakhs per annum.
- Duration: 1-2 year.
Digital Marketing Certification
A Digital Marketing Certification is precisely what a person looking to build a career in online branding and advertising needs. This high-demand program teaches SEO, social media marketing, and advertising strategies. It helps prepare you for exciting roles in the fast-growing digital world, assisting businesses in growing their online presence.
- Career Opportunities: Digital Marketing Specialist, SEO Analyst, Content Strategist.
- Salary: ₹4-7 lakhs per annum.
- Duration: 3-6 months.
After M Com Which Course is Best for You?
Choose a course that fits your career aspirations, interests, and the industry in which you would like to be employed. This is how you can narrow it down.
- Analyze Your Interest Areas: Are you passionate about numbers and financial analysis? CFA or CA is for you. Are you interested in management? Take an MBA in Finance or Marketing. Want to look at the legal side of a business? CS can be your pick.
- Consider Industry Demand: CA and CMA courses are in high demand in India. CFA and ACCA are excellent courses worldwide.
- Analyze the salary expectation: If it is your concern, these courses are paid the most – CFA and FRM.
- Time Commitment: Consider diplomas like taxation or digital marketing for a shorter course.
- Talk to Industry Professionals: Seek insights from professionals in your chosen field for an informed choice.
Courses After Mcom FAQs
1. Which best courses after M Com for a high salary?
The best courses after M.Com are CFA, CA, and FRM, ranging from ₹10-18 lakhs per year in salary, according to experience.
2. Which is the best course after M Com for a career in finance?
The best courses for the specific finance-based job roles would be CFA, CA, and FRM. There are opportunities within investment banking, portfolio management, and risk analysis for career development.
3. Is MBA a good option after M.Com?
Yes, an MBA specialising in Finance or Marketing would be a good option if you are looking for managerial positions in the best organisations.
4. Can I do a short-term course after M.Com?
Yes, short-term courses like Digital Marketing, Taxation Laws, or SAP certifications can enhance your skills and improve job opportunities.
5. How to select the best course after M.Com?
Assess your interests, career goals, and salary expectations. Discuss with professionals in your field, and then choose a course that best suits your aspirations.
