Immediately following a Master of Commerce, graduates start inquiring about various jobs after m com offering good career scope. Advanced studies through a Com offer great exposure to skills and knowledge in accountancy, finance, business law, economics, and related subjects. Graduates from these courses have abundant scope in diverse jobs in the public and private sectors. This article will discuss the job types available post-M Com. It would explain the roles associated with finance, management, and academia and outline the salary and career growth scope.
Jobs After M Com
Regarding job opportunities, M Com students have a bright future as commerce students have a high market demand in any industry, banking, finance, insurance, taxation, and even education. Following are some major job roles open for M Com graduates along with their salary scope:
Accountant
Accountants keep financial books for the businesses and record every transaction done. They help prepare financial statements, manage the budget, and follow tax rules. Most often, accountants work hand-in-hand with other departments to ensure that financial information is brought on board to have everything run perfectly in the firm’s financial aspect.
- Salary Potential: The entry-level accountant in India could earn around ₹2.5 lakh to ₹5 lakh per year. Depending on the organisation and location, this would increase to ₹6 lakh to ₹10 lakh per year with experience.
Financial Analyst
Financial analysts monitor market trends, economic data, and investment opportunities to help the organizations make proper financial decisions. They use their skills to evaluate investment performance, suggest ways for improvement, and predict future economic outcomes. This function is important as it helps the businesses know about their financial status and make strategic decisions accordingly.
- Salary Potential: Freshers in the financial analyst profession in India draw an average annual salary of between ₹4 lakh and ₹7 lakh. In experienced hands, the salary will go up to ₹8 lakh or more a year.
Tax Consultant
Tax consultants help individuals and businesses comply with tax laws. They advise regarding tax plans, assist with return filing, analyze financial positions for tax-saving opportunities, and help to ensure compliance on all matters of tax requirements. Their work aids in settling complicated tax laws while maximizing the financial benefit of their clients.
- Salary Potential: Salary for a tax consultant ranges from ₹4 lakh to ₹7 lakh per annum. Professionals with more experience can collect ₹8 lakh to ₹12 lakh annually as salary, mostly while dealing with big names clients.
Investment Banker
Investment bankers assist businesses in raising capital, managing financial assets, and making strategic recommendations on mergers and acquisitions. They help companies grow by identifying and executing financial strategies that maximize profitability. Most of investment bankers work in highly stressful environments, handling substantial monetary transactions and advice clients on high-level business decisions.
- Salary Potential: An investment banker on entry level would draw around ₹6 lakh to ₹12 lakh yearly. The salary with experience could range between ₹20 lakhs and above in a financial institution.
Management Consultant
Management consultants are professionals who analyze business problems and provide solutions for organizations to improve their performance. They guide the strategy, operations, and organizational management of the organization, which is usually performed on specific projects to address efficiency, cost reduction, and growth strategies. Consultants bring their expertise to help businesses achieve their goals more effectively.
- Salary Potential: The starting salary for management consultancy is usually from ₹5 lakh to ₹8 lakh per annum. Experienced individuals, however, would earn anything ranging from ₹10 lakh to ₹20 lakh based on a higher profile for the clients served.
Lecturer/Professor
Lecturers and professors teach students, especially in commerce, at colleges and universities. They prepare the lesson plan, deliver lectures, lead students through various academic materials, carry out research, and contribute to the educational community. Their role is crucial in preparing professional personnel while equipping students with knowledge that will help them succeed in their careers.
- Salary Potential: An initial lecturer earns around ₹3 lakh to ₹6 lakh a year. As one gets experience and increases qualifications, then salary goes up to ₹8 lakh or more a year in good institutions.
Economist
Economists analyze statistics and trends concerning economic conditions, which help in policy decisions. They look into the broader economy, such as what is happening with inflation and unemployment and government policies, and assist businesses or governments in making strategic decisions. Economists can work in government departments, research organizations, and private firms, offering expertise on economic issues.
- Salary Potential: Economists in India start at around ₹5 lakh to ₹10 lakh per annum. Experienced economists can command up to ₹15 lakh per annum, especially in government or international organizations.
Risk Manager
Risk managers identify any potential risks that may impact the financial stability of a company or its operations. They analyze and assess economic, operational, and reputational risks and develop plans to mitigate or manage them. Thus, their role is pivotal for businesses as it minimizes potential threats to stability in an uncertain environment.
- Salary Potential: Entry-level risk managers can hope to draw up to ₹5 lakh to ₹8 lakh in a year. As experience gets acquired, this figure can move to ₹12 lakh or higher in a year.
Financial Planner
Financial planners help individuals or companies make a complete financial plan. They advise their clients on budgeting, savings, investments, and retirement planning. The services these planners provide will enable the client to effectively manage their finances to meet their long-term financial goals and achieve financial security.
- Salary Potential: The average salary of a financial planner is between ₹3 lakh and ₹6 lakh every year. After significant experience and building up a client base, it can shoot up to ₹10 lakh annually.
Bank Officer
The officers manage daily banking operations that involve customer relations, account management, and loan processing. Bank officials further help in making transactions smooth as well as ensuring that any customer’s financial needs are catered for by the bank. To that end, they also maintain a relationship between the bank and its clients.
- Salary Potential: A bank officer’s salary usually begins at ₹4 lakh to ₹7 lakh per year and goes up with experience and promotions, reaching up to ₹10 lakh or more.
Jobs After M Com FAQs
What are the best jobs after M Com?
Some of the best jobs after M Com include the likes of a Financial Analyst, Tax Consultant, Investment Banker, Company Secretary, and Lecturer/Professor.
What are the salary expectations of an M Com graduate?
The salary potential varies from job to job and experience. Freshers earn between ₹3.5 lakh and ₹6 lakh per annum, while the experienced professionals may earn ₹8 lakh to ₹20 lakh or more per annum.
Can I become a professor after completing M Com?
Yes, teaching can be opted for as lecturer or professor at university and college levels. A minimum of ₹3 lakh to ₹6 lakh annual salary in starting, based on experience the remuneration may increase.
What is Tax Consultant after completing M Com?
Tax Consultant: A tax consultant helps an individual or a business with its tax planning, compliance, and filing returns. The salary scale for a tax consultant is about ₹3 lakh to ₹12 lakh per year, depending upon experience.
Are there any jobs in the banking sector after M Com?
Yes, after M Com graduates can get placements in the banking sector, Bank Officers, Credit Analysts, and Risk Managers. The remuneration for these positions will range from ₹4 lakh to ₹10 lakh or more per year.
