What are the career & job prospects in India and abroad for M.Com?

Question

Sarthak Sachdeva · Answer

Hi, M.Com graduates can join State Bank of India as probationary officer and earn up to Rs. 25, 000/- per month. For that, they should qualify the written test and interview held for probationary officer by State Bank of India (SBI). They can also work as Customer Relationship Executive in Union Bank of India and earn a salary of Rs. 20, 000/- per month. It is also possible for them to work as Finance and Accounts Officer in Bangalore Metro Rail Corporation Limited wherein a salary up to Rs. 4, 00, 000/- per annum is offered. Railway Recruitment Board recruits these postgraduates for the post of Assistant Accounts/Audit Officer. By getting into these posts available in Indian Railway, one can earn up to Rs. 20, 000/- per month. They can also join Heavy Engineering Corporation Limited (HEC Ltd) as Accounts Assistant (Trainee) and earn a salary between Rs. 8, 870 and Rs. 16, 550/-. Another lucrative career opportunity exclusively available for them is to join Bharat Sanchar Nigam Limited (BSNL) as Junior Accounts Officer. Lots of career opportunities are available for M.Com graduates in the Finance and Account section of Fast Moving Consumer Goods (FMCG) companies like Hindustan Unilever Ltd, Nestl India, Cadbury India, Procter & Gamble Hygiene and Health Care, Asian Paints (India) etc. M.Com graduates can take up any of the following job roles available in these companies and earn a salary between Rs. 1,00, 000/- and Rs. 6,00,000/- per annum. Assistant Manager Company Law Assistant Junior Accountant Relationship Manager Sales Officer (Accounts) With experience, they can move up to the position of Senior Accounts Executive, Senior Executive of Corporate Sales or even ERP Functional Executive. They can also find following lucrative career opportunities in Insurance companies like Bajaj Allianz Life Insurance Company Limited, SBI Life Insurance Company Limited, HDFC Life Insurance Company Limited etc. Accountant Book Keeper Cashier Financial Analyst Mutual Fund Broker Budget Analyst Internal Auditor Securities Analyst Salary offered for these jobs is between Rs. 1, 00, 000/- to Rs. 7, 00, 000/- depending on the type of company. Private Banks like HSBC, Max New York Life, HDFC etc. also recruit these postgraduates for the post of credit officer, loan officer or accounts officer with a salary up to Rs. 5, 00, 000/- per annum. All the best.

Konatham Abhishek · Answer

M.Com can even apply for following additional education or professional qualifications for better career options: (a) MBA (b) 3 years law degree I. e. LL.B. (c) MCA if you had maths in class 12 as a subject (d) Masters in Social work (e) M.A. Mass Communication (f) Join Government where eligibility criteria is graduation degree (g) Appear for CDS to join Defense Services (h) Appear for Bank PO and clerical services examination (I) Join one year courses run by Private bank and B-schools (j) PG Diploma in Business Analytics (k) Business Analysis certification from IIBA (l) CA/ CFA/ CMA / LOMA, etc.

Sunil Soni · Answer

Master of Commerce or M.Com is a postgraduate Master's Degree which specializes in commerce, accounting, management and economics related subjects. M.Com graduates have lots of job opportunities in field of finance, accounting, audit, management reporting, actuarial science, business management, corporate governance, marketing, commerce functions, supply chain management, consulting, brokerage, fund management, etc. In addition to this, students of M.Com can even apply for following additional education or professional qualifications for better career options: (a) MBA (b) 3 years law degree I.e. LLB (c) MCA if you had maths in class 12 as a subject (d) Masters in Social work (e) MA Mass Communication (f) Join Government where eligibility criteria is graduation degree (g) Appear for CDS to join Defense Services (h) Appear for Bank PO and clerical services examination (I) Join one year courses run by Private bank and B-schools (j) PG Diploma in Business Analytics (k) Business Analysis certification from IIBA (l) CA/ CFA/ CMA / LOMA, etc.

NITHIN E · Answer

The job opportunities for a M.Com student is very vast. A lot of companies will look for those who are good in financial knowledge. Majority of the M.Com Students are good in numbers and know well about how to deal with the accounting standards. The chances of getting placement from the campus itself should be assured. The job titles which offered by companies are: 1. Financial analyst 2.Financial executive 3.Financial expert 4.Accountant 5.Commercial analyst Majority of Banking firms will depend on M.Com graduates for their finance-related activities. The chances of getting a job in major MNCs are very high. Some companies which hire M.Com graduates are: 1.EMC2 2.SOWBEANS 3.E&Y 4.THOMSON AND REUTERS, etc. These all companies hire students with good knowledge in commerce related subjects. So choose M.Com and do a deep study in it. Best of luck.

Pratham Diwan · Answer

Career opportunities available in public sector: M.Com graduates can join State Bank of India as a probationary officer and earn up to Rs. 25, 000/- per month. For that, they should qualify the written test and interview held for the probationary officer by State Bank of India (SBI). They can also work as Customer Relationship Executive in Union Bank of India and earn a salary of Rs. 20, 000/- per month. It is also possible for them to work as Finance and Accounts Officer in Bangalore Metro Rail Corporation Limited wherein a salary up to Rs. 4, 00, 000/- per annum is offered. Railway Recruitment Board recruits these postgraduates for the post of Assistant Accounts/Audit Officer. By getting into these posts available in Indian Railway, one can earn up to Rs. 20, 000/- per month. They can also join Heavy Engineering Corporation Limited (HEC Ltd) as Accounts Assistant (Trainee) and earn a salary between Rs. 8, 870 and Rs. 16, 550/-. Another lucrative career opportunity exclusively available for them is to join Bharat Sanchar Nigam Limited (BSNL) as Junior Accounts Officer. M.Com graduates are recruited to this post through an All India Level examination held by Bharat Sanchar Nigam Limited. National Small Industries Corporation Limited (NSIC) offers the job of Management Trainee to these postgraduates with a salary range from Rs. 15, 000/- to Rs. 20, 000/- per month. Career opportunities available in private sector Lots of career opportunities are available for M.Com graduates in the Finance and Account section of Fast Moving Consumer Goods (FMCG) companies like Hindustan Unilever Ltd, Nestle India, Cadbury India, Procter & Gamble Hygiene and Health Care, Asian Paints (India) etc. M.Com graduates can take up any of the following job roles available in these companies and earn a salary between Rs. 1,00, 000/- and Rs. 6,00,000/- per annum. They can also find following lucrative career opportunities in Insurance companies like Bajaj Allianz Life Insurance Company Limited, SBI Life Insurance Company Limited, HDFC Life Insurance Company Limited etc. Salary offered for these jobs is between Rs. 1, 00, 000/- to Rs. 7, 00, 000/- depending on the type of company. Private Banks like HSBC, Max New York Life, HDFC etc. also recruit these postgraduates for the post of credit officer, loan officer or accounts officer with a salary up to Rs. 5, 00, 000/- per annum.

Harsh Ranjan · Answer

M.Com degree holders can make career in different specializations of commerce. This programme will help you to improve your finance management skills and build up specialist knowledge within your selected area. There are lots of job opportunities in private and public sectors. You can also apply for government sector jobs. You can also work in the corporate world. After completing your master degree, there is a wide variety of careers which deal with the flow of money, money manager to personal finance consultant, from accountant to the investment banker. There are lots of opportunities in commerce field, not only in India but also abroad. Many reputed companies in foreign countries like UK, USA, Australia and so by employing a large number of talented M.Com postgraduate students with different job profiles. One can work as a teacher/lecturer in different colleges and universities. You have to clear the requisite exams such as UGC NET/JRF, etc. In today life, there are many companies and organizations those are looking for specialized & expert marketers to get higher profit in a smart way. So one can also join government and private banks such as State Bank of India (SBI), Punjab National Bank (PNB), Axis Bank, HDFC Bank, Union Bank of India, etc. as Customer Relationship Executive or Probationary Officer.

Sree Vignesh Sundaresan · Answer

Hello, A) Careers in Government Sector:- There are various areas where M.Com graduates can get jobs in government in the fields like defense, railways, banking etc. They can also get employed as accounts officer, accountant or junior accountant with departments like railways, revenue department, union public service commission, railway protection force and banks. B) Private sector:- Many career opportunities are available for M.Com graduates in the finance and account section of companies like Hindustan Unilever Ltd, Nestle India, Cadbury India, Asian Paints etc. They could earn a salary between Rs. 1,00, 000/- and Rs. 6,00,000/- per annum. C) Career Abroad:- M.Com holders have good chances to get lucrative jobs abroad too. Most of them are considered for finance and accounts posts like accountant, financial controller, etc. Before applying, the students need to have passed in some standardized test and exams such as IELTS, TOFEL etc. CFA graduates are also highly preferred abroad for these posts.

Sherin Paul · Answer

Departments where a M. Com graduate can seek jobs in India and abroad include: Auditing, Banking and finance, Electronic marketing, Funds management, Management consulting, Stock Broking, etc. There are jobs available across public and private sector. To secure a government job, a candidate need to pass few test conducted by government such as UPSC, SSC, state PSC etc. You can use the following link to check jobs in the govt. https://www.recruitment360.in/jobs-after-qualification/jobs-for-mcom Private sector jobs pay more compared to the jobs in public sector. One can become an Accountant, Account Executive, Finance Manager, Senior Account Executive, Chartered Accountant, Financial Analyst, Company Law Assistant, Book Keeper,Internal Auditor, Mutual Fund Broker. Private Banks like HSBC, ICICI, HDFC etc. also recruit M. Com postgraduates for the post of Credit Officer, Loan Officer and Accounts Officer.

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