Feeling confused and directionless after MCom is much more common than you think it is. The MCom students usually get confused after finishing their postgraduate degree. They feel puzzled to see a variety of career options to pursue right after MCom. 

With just a mix of skills and guidance, these postgrad students can easily enter the right career fields and achieve great success ahead. Students must also keep a tab on the trends and developments within the field of finance jobs, such as financial modelling, blockchain, data analytics, etc., as it will help them keep ahead of the competition.  

In this blog post, we are going to describe the type of career options an Online MCom Course student can choose from, after finishing their degree. It will clarify your doubts, preparations and the expectations related to the career after the MCom degree:

1. Career in the Government Sector

The government sector is one of the most prestigious options after an online MCom degree. It just needs to be sure that the student has done his PG degree from any UGC-DEB approved online university. 

These job posts offer stability as well as powerful positions within the finance and banking field. Students who want more stability and power within the finance domain, prefer this government sector rather than the corporate sector of jobs. 

Job Roles: Students can prepare for the jobs such as the RBI Grade B Officer, Tax inspector, IBPS Probationary Officer (PO), Bank PO, & SSC CGL Audit Officer. These jobs belong usually to the banking and the tax inspection department. 

Competitive Exams: These jobs require some specific exams to be cracked such as SSC CGL, IBPS PO Exam, UPSC IES exams, etc.  After qualifying those written rounds, students must pass the interview and presentation rounds as well. 

Average Salary: The students are offered a stable salary package around INR 7.8 LPA for the job roles in the public sector. 

2. Career in the Corporate Sector

The students can also prepare for the corporate sector after MCom. This is the mostly preferred career option after Mcom, as the students usually get high salary offers and career growth in this career sector in fintech.

They also have the option to enter the field of management, and work as management consultants, helping the big companies in their operations. 

There are a lot of companies in the industry such as EY, Deloitte, Paytm, Zerodha etc. which hire for the MCom graduates for these job positions. 

Job Roles: This career option presents them with job opportunities such as tax advisor, accountant, financial advisor, accounts executive and portfolio manager. 

This needs them to have skills such as accountancy, account management, tax laws and policies etc. 

Average salary: The average salary offered to the students in these job roles are INR 6-7 LPA. They usually receive great hikes and promotions during these job positions. 

3. Research-based Career

If the students don’t want to pursue the usual job route after MCom, they can also go for the research pathway. They can continue their higher studies and contribute to the field of research in finance. 

These fields are very great in finance for the researchers and the teaching in finance. They can later on work as the teachers/lecturers to help the students involved in the commerce domain. 

Competitive Exams: PhD/Doctorate degree in finance requires some specific exams to be cracked such as UGC NET, CSIR NET etc.  

Research Grants & Fellowships: Even the government also provides students with the research grants and the fellowship for the PhD degrees such as Prime Minister's Research Fellowship (PMRF), CSIR/UGC NET JRF/SRF, DST INSPIRE Fellowship, etc. 

Final Statement

There are multiple career opportunities for the students after online MCom. Both the public and the private sector jobs in the field of commerce are great for the MCom students. Depending upon the need and skillset, a student can get the much needed job post for the finance positions, suitable to his preferences

Much more meritorious students should pursue the job role as lecturers/researchers to achieve their dream of contributing within the field of innovation and research in finance. 

Students can get their doubts cleared related to online courses such as MCom on Learningshala, as it has a dedicated team of counselors guiding students to pursue the right course.