is it important to pursue M Com after completing B Com?

Are you a student of commerce who has recently earned your B.Com and is unsure of your next steps? Or, are you thinking about pursuing M Com, but are dubious of its benefits? Well, to find an answer to these questions, you can thoroughly read our blog, which will talk about the great benefits of getting an M.Com.

Additionally, India has more than 4000 colleges that offer this UGC-accredited study programme, making it one of the most recognised academic fields in the country and opening up a wide range of job opportunities. Continue reading this article to learn why earning this degree after finishing your B.Com programme will be worthwhile.

M.Com- Course Overview

As an important postgraduate programme, an M.Com degree solely concentrates on topics relating to business, accounting, management, and economics. Nevertheless, it is provided by SMS College of Arts and Science, one of India’s most renowned institutions. Overall, its course curriculum gives students practical knowledge in a variety of areas to help them compete internationally.

Also Read: The Scope of Pursuing a BCom in Information Technology

Degree Highlights

The following table summarises some key M Com course details:

Requirements to enrol for an M.Com degree

The requirements for admission may change depending on the institution you are enrolling in. But, the general M Com admission eligibility comprises the following:

• Candidates must complete a B.Com (General) or B.Com (Honours) from a recognised institution.
• A minimum cumulative score of 50% in their Bachelor’s degree is required from students. However, in some institutions, students who fall under the reserved category are eligible for a 5% mark relaxation.
• A few colleges also take into account applicants who have earned a Bachelor’s degree in Economics and Statistics, BFIA, BBS, or BBE from an accredited institution with a minimum overall score of 60% or an equivalent.
• Typically, there is no upper age limit for enrolment in the MCom programme.

What are the benefits of M Com after BCom?

We are aware that those with the appropriate training and skills can perform more effectively. But, to increase their chances of getting a better career, aspirants should pursue an M.Com after finishing their B.Com. Let us now take a quick look at the advantages of the M.Com course:

Access to Quality Curriculum

Access to top-notch and industry-relevant curriculum is typically the significant benefit of pursuing M Com at prestigious colleges, such as the SMS College of Arts and Science. Moreover, such upgraded curricula prepare you for a wide range of employment opportunities in fields such as educational institutions, economic consulting firms, commercial banking, international banking, investment banking, tax advisory services, etc.

Huge Employment Scope

This postgraduate programme assists students in establishing a career in a rapidly expanding corporate world. Moreover, aspirants for the business sector benefit from specialising in commerce courses. Nevertheless, the salary offered in different professions varies depending upon the skills, qualifications, experience, and other specific demands of the recruiters. As freshers or at the entry level, the average salary package offered varies from INR 3 lakhs per annum to INR 5 lakhs per annum, while an experienced person can earn more than INR 8 lakhs per annum.

Below is a graph showing a few M Com jobs and the salary ranges for each:

Interactions on a Global Scale

Students enrolled in M.Com courses might have the opportunity to communicate with professors and peers from different countries. Additionally, with the help of this networking, working individuals can forge crucial connections with others in their business.

Gives the upper hand in CA and other professional exams

You can better grasp the CA course by studying the M Com subjects. Even though the topics addressed in CA programmes are far more sophisticated than those in the M.Com academic course, being familiar with the M.Com course material will help you stand out from the crowd and beat out other competitors.

Possibility of employment in the government sector

Candidates with an M.Com degree have a wide range of chances available to them, as all organisations need specialists and skilled experts to increase earnings prudently in today’s competitive market. Additionally, pursuing M Com can also qualify you for employment in the government, as well as crack the government exams like the RRB NTPC, LIC AAO, SBI PO, UPSC CSE | IAS Exam, SSC CGL Exam, SBI Clerk, IBPS Clerk, RBI Grade B Officer, and others.

Opportunity to work in Big Audit Firms

Excellent job prospects are available at large audit firms, and progressing professionally and financially can also be facilitated by working for a reputable accounting firm. Moreover, one of the key benefits of earning an M.Com is the opportunity to work for prestigious companies where M.Com graduates stand a better chance of being chosen. Additionally, candidates with strong accounting backgrounds and familiarity with international accounting standards are needed by various multinational organisations.

Prepares you for both jobs and entrepreneurship

Since commerce is seen as the motor for advancing a company and the economy, hence paying the M Com fees becomes worthwhile. This is because, a master’s in commerce will prepare you for becoming an entrepreneur and allow you to explore different options by upgrading you in areas like CA, CS, computer skills, advertising, digital marketing, business, finance and banking, management, accountancy, trade, product selling, technology, web-based sales, etc.

Also Read: The Different Types of BCom Degrees – How to Choose the Right One for You?

Final Thoughts

Anyone who wants to work in the greatest companies or industries in the world and is interested in a variety of exciting and diversified careers may consider pursuing M Com courses. Furthermore, this is a preferable option for people who want to reach the best positions in their field. We hope our blog is able to offer a complete review of the value of M.Com courses in the current environment.

FAQs

Is MCom compulsory after BCom?

An M.Com degree will help you improve your employment skills if you are willing to make a career in commerce or similar disciplines. Additionally, pursuing M Com after B.Com will allow you to pursue Ph.D. programmes or a career in academia.

Can a BCom student do MCom?

Yes, individuals with a BCom or BCom Honours degree and a minimum grade point average of 50% are usually accepted for an MCom degree. The MCom admissions process, however, typically relies on both merit and entrance exams.

What is the salary of M.Com in India?

Given below is the M.Com salary range for various levels:

• Entry-Level – INR 1.3-2 lakhs
• Mid-Level – INR 3.7-4 lakhs
• Top-Level – INR 10-11.5 lakhs

Who are the leading employers of M.Com graduates?

Pursuing M Com programmes can be quite beneficial because it aids you to get ready for your desired job. Furthermore, a few of the top employers for M.Com graduates are the State Bank of India, Punjab National Bank, ICICI Bank, Amazon, Amphisoft, Kotak Mahindra Bank, Wildcraft, Wipro, etc.