Do you know that the business community has hired around 12% of commerce-oriented graduates in the recent five years? Isn’t this a significant rate?
This hiring rate showcases that the career scope for commerce graduates is immense in recent and upcoming years. As per recent data, around 334.34 million business establishments are created in the year 2022. This remarkable development in the business world has created a great career pool for commerce graduates, especially with Master of Commerce degrees in top colleges like Cheran Arts and Science College, one of the best MCom colleges in Coimbatore.
This article will detail the career prospects after studying for a Master of Commerce degree.
Glimpse into the course, Master of Commerce:
M.Com is a postgraduate commerce-oriented course that can be pursued by the student after any relevant undergraduate course in any top college like Cheran College Arts and Science, one of the leading MCom colleges in Coimbatore. This course will help to establish a career in any of the following fields; commerce, accounting, economics, and management.
Heris the course details of Master of Commerce in the best private colleges in Coimbatore and other places:
| 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 | M Com Duration is 2 years. |
| Mode | Semester |
| Eligibility Criteria | The basic M Com Course Eligibility Criteria at the best colleges in Tamilnadu for arts and science are as follows: Candidates should have completed BCom or BCom Hons with a minimum of 50% aggregate in any recognized educational institution.Certain colleges consider candidates with relevant degrees such as BFIA, BA Economics & Statistics, BBS, and BBE with at least 60% aggregate score. |
| Admission Procedure | Admission to the Master of Commerce course is provided either on a merit basis or an entrance exam basis. Certain top colleges like Cheran Arts and Science College, one of the leading art and science colleges in Tamilnaduprovide merit-based admission considering BCom score while certain colleges consider entrance exams such as PU CET, CUCET, etc. |
Master of Commerce Specialisations:
Master of Commerce (MCom) course is offered in various specialisations in renowned colleges such as Cheran College of Arts and Science, one of the best MCom colleges in Coimbatore, and others.
Here are some of the MCom Specializations:
- MCom Computer Applications
- MCom Accounting & Finance
- MCom Taxation
- MCom Marketing
- MCom Business Management
- MCom Banking and Finance
- MCom Financial Management
Top Colleges to Pursue Master of Commerce:
There are many top colleges such as Cheran College of Arts and Science, one of the top MCom colleges in Coimbatore, and others that offer remarkable MCom courses, and here are as follows:
| Top MCom Colleges | Average Course Fee in INR |
| Cheran College of Arts and Science | 15,000 PA |
| IGNOU | 11,000 PA |
| Mahatma Gandhi University, School of Distance Education | 5,000 PA |
| Annamalai University | 7,000 PA |
| Kerala State Open University | 13,500 PA |
Career Prospects after a Master of Commerce Degree:
The Master of Commerce course is the advanced version of commerce-oriented education. Commerce knowledge is quite expected in every business entity as it is one of the pillars that boost up any business.
Professionals with commerce degrees, especially with Master of Commerce degrees from top colleges like Cheran Arts and Science College, one of the best arts and science colleges in Tamilnaduare in great demand in the global business platforms.
Many top private companies hire Master of Commerce graduates for multiple positions. Here are some of the top companies:
| Top Companies that hire MCom graduates | 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 |
Master of Commerce graduates from top MCom colleges in Coimbatore and other places can also find jobs in the public sector. Top government banks and companies hire MCom graduates and some of them are as follows:
- State Bank of India
- Punjab National Bank
- Indian Overseas Bank
- Institute of Banking Personnel Selection
- Reserve Bank of India
- Indian Oil Corporation
- Steel Authority of India Limited
Career positions that are available for Master of Commerce graduates:
| 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 |
| MCom jobs in the private sector | 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 |
The job prospects after a Master of Commerce degree are vast with numerous options in both the public and private sectors. On the whole, there is a bright career waiting after a Master of Commerce degree from top MCom colleges in Coimbatore and other places.
Conclusion:
In the world of fast-pacing business development, the demand for skilled graduates in commerce, administration, and management is rapidly increasing. Thus, pursuing a Master of Commerce degree will be a fruitful decision for a bright future.
FAQs:
1. Can M.Com graduates pursue MBA?
Yes, M.Com graduates can pursue MBA.
2. What is the scope of a Master 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.
3. Are there PhD courses after M.Com?
Yes, there are Ph. D courses after M.Com such as Ph.D. in Finance, Ph.D. in Accounting and Finance, etc.
4. What is the salary after a Master’s in Commerce?
The salary after a Master’s in Commerce usually ranges between INR 4 LPA to INR 15 LPA based on experience.
5. Can M.Com land students in foreign jobs?
Yes, M.Com students can land foreign jobs as well because business firms all over the world require commerce experts for the healthy running of the company.