Is M. Com Good for the Future? — Career Options After Online M. Com That Can Make you Feel Proud
With so many degree courses available for students and working professionals, education experts say a shift during the coronavirus pandemic accelerated the growth of online learning. an economy. This has resulted in an impact of more students applying for different online degree programs overall, helping them build a dynamic career. In building a dynamic career, students need the necessary skills to be competent for the jobs they are interested in.Among the different postgraduate online courses that related to commerce field,an online M.Com from reputed and well-recognized institutions or universities is one of the most pursued program that teaches students and working professionals about the basics of commerce but also help them to upskill themselves as they can work to gain professional experience alongside this course.
Here, let us analyse the online M.Com degree and its future scope for students and working professionals. You can also pay attention to available career options that can help you feel proud of your career option in commerce.
What is M.Com?
Masters of Commerce (M.Com) is a course that involves writing research papers and a thesis on subjects based on accounting, management, and economics over two years. All in all, the study delves deeper into the knowledge of revenue, trade, capital, economy, taxes, and other topics whose base is covered during graduation in B.Com.
What does M.Com consist of?
The course generally consists of core and elective subjects. Additionally, the core subjects are related to the fundamentals of commerce. In addition, the elective subjects are associated with specialization in a particular topic. A few topics for electives are mathematics, accounting, taxation, banking, and actuarial studies, and their skills.
Which Career Options are Available in M. Com Online Degree That Makes You Proud?
1. Enroll In a MBA Program
MBA is one of the most popular courses after completing an online M.Com degree. These are highly recommended courses for learners who wish to see themselves seek managerial positions. It is also a better option for those seeking a foothold in the managerial field.
During your studies for M.Com, you have been exposed to subject knowledge of business, accountancy, stock markets, and economics. However, after you pursue a Master of Business Administration, you can apply the knowledge and skills to help your workplace grow.
This postgraduate course offers a case study approach that helps learners develop their critical thinking and decision-making capabilities. Today, many online platforms allow academic institutions to provide Global MBA programs. These online degree programs that have subjects of accounts and finance as core help individuals continue their academic pursuits and get the guidance they need from experts and professionals. The better option is that you can specialize in the following field with your best skills & knowledge.
2. Become a Chartered Accountant
Chartered accountant is also one of the popular career options to look after M.Com. This is a fast-track online program that requires a lot of attention. After qualifying for the different stages of the CPA exam, such as the CPT, IPCC, and Finals- individuals will need two and a half years of articleship to become eligible to practice professionally.
Many graduates of the CA program find employment at quality accounting firms, such as Deloitte, KPMG, and PwC that help them get the great career options they can check out!
3. Chase for ACCA Course
If you want to become a certified accountant, you can hassle-free look for the ACCA course. This is a requirement for working in the field of accounting and finance.
Although multinational companies and organisations highly recommend this two-year course, you will still need to complete three years of practical experience before becoming an official association member.
The minimum education qualification required to enrol in the program is a higher education degree. This means most students from the commerce field only enrol during their undergraduate studies. Even if you are not an M.Com student, having the necessary skills in accounting will help you pass the examinations. Due to the high demand for this course, various multinational companies pay huge salaries.
4. Company Secretaryship
If you are looking for a quality job after M.Com, then the company secretary position is one of an organisation’s key roles. The company secretary is responsible for overseeing the legal requirements of various companies.
These courses are offered in three phases: Executive, Professional, and Foundation. After completing the training, individuals can look to become associate members of the Institute of Company Secretary.
When it comes to India, as an example- Institute of Company Secretary is the only organization in the country that provides the company secretary course.
5. Become a CMA Credential Certified
The Certified Management Accountant course is a professional qualification requiring two years of work experience with two stages of examination. The International Management Accountants Association is a professional organization that provides this qualification. It has been recognized worldwide for its clarity and quality.
The objective of this certification is to recognize individuals with exceptional expertise in the areas of finance handling and management accounting. The candidates who complete this course are expected to have quality skills and knowledge in different areas of management accounting. They are also expected to be capable of handling financial planning and analysis.
6. Complete the CFA Course
One of the best courses after M.Com is Chartered Financial Analyst (CFA). This is considered as an US-based program that provides a great opportunity for individuals interested in becoming financial analysts.
Not to deny that this program covers various aspects of financial analysis, such as derivatives, portfolio management, and financial analysis. After completing the program, you can start working at some of the most-reputed organizations such as Goldman Sachs, Morgan Stanley, and Royal Bank of Canada.
Individuals should be in their final year of undergraduate study to be eligible for this exam. Although the program’s duration comprises two and a half years, achieving the Chartered Financial Analyst post takes around four years.
7. Obtain A CPA License
One of the most common career options after M.Com is becoming a Certified Public Accountant. This is a job prospect granted in terms of American Institute of Certified Public Accountants.
Individuals who hold a license to practice as public accountants have a better understanding of the principles of accounting generally accepted by the industry. To become a certified public accountant, they should complete a four-part exam that has step-by-step directions.
As accountants, they help companies and individuals manage their financial affairs by performing various tasks such as auditing and reviewing their financial statements.
8. Get into Digital Marketing
If you are not familiar with work in industry relating to finance and accounting,deciding what to do after M.Com can be challenging. It is where individuals can look to go with digital marketing that is often considered as an extensive field. It is a field that helps you deep dive into digital technologies to promote products and services. Many new-launched businesses and organizations cannot neglect the power of the internet, and thus, this field has gained immense popularity in recent years.
Conclusion
In a nutshell, the above is the list of the great career options that students and working professionals can pursue after M.Com. One can determine their study interest based on the career choice they feel they can opt for after graduation. For all young professionals wondering what to do after online M.Com, one needs to check the amount of time, the difficulty base, and the price of the course before deciding which course to look after your graduation. Any of the above best courses after online M.Com will land you a better job so you can happily start your professional journey.
Among the most recommended options for completing online M.Com degree programs in different disciplines that are becoming a trend, never miss to connect with options like Chandigarh University.
Frequently Asked Questions
Q. 1 How do you get into an Online M.Com Degree Program?
Individuals interested in this online course must submit their applications online at the university’s or college’s website. Eligible students will be selected based on their merit or performance in an admission exam.
Q.2 Which job is best after M.Com?
M.Com graduates can look for job prospects as Auditor, Business Analyst, Company Secretary, Consultant, Tax Accountant, Finance Officer, Stock Broker, Sales Analyst, and Economist that comes under the field of finance and accounting. However, choosing the desired job shall solely depend upon the interest of the candidate.
Q.3 Which specialization is best for M.Com?
M.Com degree course is imparted in specializations like Business Administration, E-Commerce, Financial Management, Finance and Control, Accountancy, Economics, Banking, etc. Today, individuals can choose the specialization that best matches their area of interest.
Q.4 How many years do I have to study for an online M.Com course ?
Online M.Com degree course is imparted by various colleges and universities in India for a duration of two years. After completion of the online degree program, individuals can look for desired jobs in finance and accounts.
Q.5 What are the sectors recruiting M.Com graduates?
The sectors that are hiring the M.Com graduates globally include: Accounting, Auditing, Taxation, Financial Services, Commercial Banking, International Banking, Insurance Services, Telecommunication Services and Business Process Outsourcing (BPO).
