The world today has turned into one of the thriving business platforms that open arms wide, inviting and accepting as many business entities as possible. The dynamics of today’s business world are positively shifting at a rapid pace and making people exclaim on witnessing its drastic development. All ranges of businesses are working each day to uplift and upgrade, and there is a rising demand for the support of business-educated professionals. Personnel with good business degrees are immediately welcomed in the business arena, and one such degree is a Master of Commerce.
This article will shed light on the tremendous career opportunities that await in the business community after obtaining a Master of Commerce degree.
MCom courses are business educational courses that can project the career of an individual to a greater career status in the business empire. This course is offered at a remarkable standard in our Cheran College for Women.
Here are the course details:
| Course | Master of Commerce (MCom) |
|---|---|
| Course Description | Master of Commerce (MCom) is an advanced level commerce-oriented course that educates concepts such as accounting, financial management, banking, finance, etc. |
| Level | Postgraduate Level |
| Duration | 2 years |
| Mode | Semester |
| Specialisation Offered | Computer Applications |
| Eligibility Criteria |
|
| Admission Process | Admission to the Master of Commerce course is provided considering BCom score based on the Tamilnadu Government Guidelines. |
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Master of Commerce is designed with a curriculum that provides insight into various aspects of business and prepares students to excel in the business field.
| Master of Commerce Compulsory Subjects | Master of Commerce Elective Subjects |
|---|---|
| Accounting and Managerial Decisions | Banking and Finance |
| Business Environment | Entrepreneurial Management |
| Computer Applications in Business | Commercial Bank Management |
| Corporate Finance Accounting | Financial Bank Management |
| Corporate Legal Environment | Financial Markets |
| Corporate Tax Planning | Human Resource Management |
| E-Commerce | International Finance |
| Economics of Global Trade and Finance | Investment Management |
| Financial Management | Research Methodology in Commerce |
| Management Concepts and Organisational Behaviour | Income Tax |
| Managerial Economics | |
| Marketing Behaviour | |
| Statistical Analysis | |
| Strategic Management |
Master of Commerce offers a significant career scope in the business field as the business establishments ranging from small scale to large scale are increasing drastically. Around 58% of businesses are small-scale businesses that require expert support from skilled professionals.
Master of Commerce offers jobs in multiple business facets. MCom job opportunities are pooled up both in the government and the private sector.
The government sector has been involved in multiple business projects in various fields with top companies and thus recruit business educational experts such as MCom graduates for a wide range of jobs.
Top government banks and companies hire MCom graduates and some of them are as follows:
MCom in various government departments is as follows:
| MCom jobs in the government sector | Average Salary in INR |
|---|---|
| Bank Accountant | 5.5 LPA |
| Auditor | 7 LPA |
| Financial Analyst | 4.76 LPA |
| Cost Accountant | 5.2 LPA |
| SBI Clerk | 3.7 LPA |
We all know that the private sector holds the top business market with various business disciplines and so career opportunities in the private sector after a Master of Commerce degree are quite immense.
Enormous top companies step up to hire MCom graduates and the MCom Salary scale offered by those companies is significantly higher than other stream graduates’ salary scale.
| Top Private Companies | MCom Salary |
|---|---|
| Deloitte | INR 8.07 LPA |
| ICICI Bank | INR 4.65 LPA |
| Ernst & Young | INR 5 LPA |
| HDFC Bank | INR 3.50 LPA |
| KPMG | INR 3.9 LPA |
| Apollo | INR 5.42 LPA |
| Accenture | INR 4.76 LPA |
| Amazon | INR 8.20 LPA |
| Grant Thornton | INR 9.70 LPA |
| Cognizant | INR 7.73 LPA |
| Infosys | INR 6.9 LPA |
| Directi | INR 5.6 LPA |
| Capgemini | INR 6.87 LPA |
Some of the private jobs after the Master of Commerce Course are as follows:
| Job Role | Average Salary in INR |
|---|---|
| Budget Analyst | 6.04 LPA |
| Accountant | 2.49 LPA |
| Management Consultant | 11.4 LPA |
| Computer Programmer | 4.79 LPA |
| Auditor | 4.85 LPA |
| Cost Accountant | 5.16 LPA |
| Business Consultant | 9.86 LPA |
| Investment Banker | 9.1 LPA |
| Marketing Manager | 7.17 LPA |
| Operations Manager | 7.8 LPA |
| Public Relations Manager | 7 LPA |
| Management Associate | 4.5 LPA |
| Marketing Operations Specialist | 8 LPA |
| Business Manager | 5.5 LPA |
| Business Analyst | 5 LPA |
| Business Manager | 8 LPA |
| Operations Manager | 7.6 LPA |
| Business – Banking Relationship Manager | 4 LPA |
As we see, the benefits of pursuing an MCom degree are significant and offer tremendous career opportunities in the future business world.
As students, the top expectation from a course is a remarkable career, and a Master of Commerce is a master in providing it. This course opens doors to enormous career opportunities that will be a boon to the students’ future job prospects. Taking up a Master of Commerce will be one of the best career decisions for students.
What is the scope of Masters in Commerce?
The scope of a Master in Commerce is significant in India as well as abroad as the business world requires skilled business professionals for their forward growth.
What is the salary after Masters in Commerce?
The salary after a Master’s in Commerce usually ranges between INR 4 LPA to INR 15 LPA based on experience.
Does MCom have value?
Yes, MCom has immense value as it educates various business traits that are essential for successful performance in any business establishment.
Which is better MCom or MBA?
Both MCom and MBA have great scope, yet if the student aspires to enter deep into the raw business field, then MCom is better. If the student wishes to establish a career at the managerial level, then an MBA is better.
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