While pursuing a Master’s degree in commerce is a common step, not many candidates are sure about what to do after Mcom after graduation. Over the years, a number of jobs have opened up over and above traditional accounting-related careers. The sectors of financial analysis, tax filing, or even stock market-based trading and financial management are a few options considered mainstream when looking to make a career post a Master’s degree in commerce.
If you’re someone hoping to pursue higher studies further or apply for a job position, an M.Com degree can help you branch out into international business, marketing, business analytics, and more among the popular degrees that you may apply for.
In order to offer you a deeper glance into available options, we have created a list of top courses after Mcom, which will further guide you to land your desired jobs after Mcom!
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Top Courses after Mcom
1. Certified Public Accountant
Known as the CPA company, this is a prevalent career choice if you’re wondering what to do after Mcom. A Certified Public Accountant title is globally recognized as one of the highest in the accountancy domain. The primary responsibility of the CPA is to support businesses as well as individuals to plan and attain their financial goals.
The top responsibilities involved with this job profile are-
- Financial record management
- Tax analysis
- Financial management
- Audits
- Compliance with relevant regulations
The average salary of a CPA in the US is around $72,779 annually. With more experience and expertise, reaching top posts and much higher salaries isn’t tough.
2. Chartered Financial Analyst
Another top career choice after Mcom courses is CFA, which is offered by the CFA Institute based in the US. Once you clear the specialized CFA exam in around 2.5 years, you become a chartered financial analyst. However, on average, candidates take about four years to complete the course and begin practicing in the capacity.
The CFA exam has three stages, and completing each offers you the eligibility to apply for diverse finance-related roles in the domain. After completing the first stage of the exam, you can become an equity research analyst or junior financial analyst. Passing the second level enables you to make a career as a risk analyst or equity analyst.
The top responsibilities involved with this job profile are-
- Analysis of stocks or financial markets
- Financing-related advice provision
- Financial and risk analysis
- Data analysis based on financial reports
The average salary for a CFA is around $84,739 per annum.
3. ACCA
Applying for a course in ACCA or the Association of Certified Chartered Accountants can offer you global recognition with its exciting opportunities. This is a top pick for those looking to make a career after M.com.
Completing three years in any practical location is mandatory to bag ACCA certification. The role is similar to that of a chartered accountant, but the scale is much larger. Global relevance is also a significant difference.
The top roles you may pursue after completing this certification are risk analyst, financial analyst, accounting manager, and regulatory analyst.
The top responsibilities involved with this job profile are-
- Financial Accounting
- Budget analysis for companies
- Risk management
- Ensuring compliance
The average salary for an ACCA-certified accountant is $85,000 per annum.
4. Financial Accountant
A Master’s in commerce gives you scope to explore roles related to financial accounting. A financial accountant is one such role employed within an organization with the responsibility to oversee financial transactions and offer assistance to improve its budgeting plans.
The top responsibilities involved with this job profile are-
- Report preparation and maintenance
- Internal auditing
- Taxes and payments
- Accounting adherence and regulation monitoring
- Organizational accounting
The average salary of a financial account is $58,186 per year.
5. Corporate Treasurer
A new-age term for a financial controller, the role of a corporate treasurer is an integral cog in the wheel that comprises an organization and its financiers. A degree in accountancy will prepare you well for this intense job with responsibilities related to traditional account management and regulatory adherence.
The top responsibilities involved with this job profile are-
- Company fund management and allocations
- Liaising with banks and financiers to attune to company fiscal goals
- Budgetary projections based on data
- Treasury management
- Financial reporting
- Investment planning and financial allocations
The average salary of corporate treasurers is around $87,883 per year.
6. Chief Financial Officer
Working at a deeper level than an accountant calls for commitment to a role such as that of a CFO or chief financial officer. The job has more to do with financial strategy, execution, and financial risk management than basic accounting or finance-related duties.
The top responsibilities involved with this job profile are-
- Risk management
- Financial strategy
- Company obligation management
- Capital allocations and management
The average salary of a CFO is $143,692 per year.
7. Financial Risk Manager
This is another option relevant globally after Mcom courses. The course from the Global Association of Risk Professionals is only of 9-month duration. Thanks to the dynamic markets of the current times, risk management professionals enjoy heightened demand across a business organization. You can be roughly labeled an expert in the identification and analysis of any looming financial threats.
The top responsibilities involved with this job profile are-
- Asset management and allocation
- Fund allocations
- Risk assessment
- Market analysis
- Financial strategy
- Financial risk analysis
The average salary of a financial risk manager is $89,297 per year.
8. Investment Banker
The role of an investment banker is relevant to overseeing the asset management of any organization by assisting them with financial services such as acquisition, mergers, and raising capital. An investment banker is one of the most prominent roles, known for nurturing a lucrative career option for finance professionals with ample industry experience and skills.
The top responsibilities involved with this job profile are-
- Finance analysis
- Risk assessment
- Financial advisory
- Raising capital
- Underwriting new stock issues
- Managing mergers and acquisitions
The average salary of an investment banker is $102,667 per annum.
9. Research
If you have a keen research interest, why not opt for a PhD degree after completing M.Com? Most commonly, a Doctorate program will have you specialize in various domains like finance, statistics, HRM, organizational behavior, or even management. You can take up this specialization and move on to new-age roles such as market research analysts in the long run.
The top responsibilities involved with this job profile are-
- Understanding and analyzing market-related trends
- Consumer strategy based on market analysis
- Trends and projections
- Data collection and strategy
- Stat-related analysis
The average salary of a market research analyst is $57,182 per year.
10. Auditor
An auditor is often the backbone of a company when it comes to financial cleanliness. Auditors are currently in great demand, thanks to evolving regulations and laws for organizational accounts and finances. The jobs linked to this profile are expected to grow further by 10 percent by 2026.
The top responsibilities involved with this job profile are-
- Financial spreadsheet handling
- Financial report preparations and analysis
- Asset protection planning
- Wage reviews
- Organizational financial risks
- Data analysis and financial management
The average salary of an auditor is $60,373 per annum.
11. Certified Financial Planner
A certified financial planner, commonly known as CFP, is a formal designation that the Certified Financial Planner Board of Standards, Inc. bestows on candidates who qualify via its exam. As a CFP, your profile offers help to individuals for financial management in the context of retirement, investments, educational needs, insurance, and/or taxes.
The top responsibilities involved with this job profile are-
- Financial goal-setting and management based on clientele needs
- Asset allocation strategy
- Wealth management and budgeting
- Business analysis and financial strategy
The average salary of a CFP is $70,673 per year.
12. Actuarial Analyst
If you have had statistics as a subject during your M.Com, getting a certification or completing an add-on course in actuarial science could be another career option after your M.Com. The profile comes with a number of prospects in the US and is gradually seeing growing demand in India.
The top responsibilities involved with this job profile are-
- Stat analysis and assessment
- Actuarial data assessment
- Report filings to note risks and trends
- Financial projections
On average, an actuarial analyst earns $68,437 per year.
Conclusion
Accounts and finance, as a field, offer immense growth opportunities. Taking suitable courses and certifications, along with a Master’s in the niche, will only bring in more job prospects. With the right courses and degrees to boost your resume, you also end up boosting your long-term growth options. We hope our list helps you decide after M.com which course is best for you!
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Can you pursue specializations in your M.Com degree?
Yes, you can pursue specializations, but the available disciplines vary from school to school. Some specializations include accounting, finance, IT, corporate governance, and e-commerce.
Can I pursue research after completing a degree in M.Com?
Yes, you can pursue a PhD after completing your M.com from any global university. You will have to complete a thesis and submit the same as per relevant guidelines.
Which is better-an M.Com and CMA?
CMA is a course that aspiring Management Accountants can pursue, while M.Com is a separate study niche. However, these belong to the same domain of finance and accounting. The choice between teh two depends on the priorities and pursuits of the taker.
