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written by | September 2, 2022

What is the Average M.com Salary in India?

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A master of a business degree known as the Mcom is created to give students the skills necessary to work in management. The Mcom is intended for students interested in business but may not have a strong foundation in math or science. As a result, earning a Mcom degree is a straightforward process that takes less than two years to complete. As an outcome, those who want to join the sector without having a solid educational foundation but yet want to earn a degree and most frequently choose the M.Com and M.Com graduates get good salaries and jobs in India.

Did you know? 

Mcom degree holders, even at entry-level, will have a salary package of 2-5 LPA depicting the candidate's skill. 

All About M.Com Job & Salary

  • A master's in computer science is known as a Mcom. It needs at least two years of college-level computer programming and at least a year of research. You will be approved to apply for a rank as a software engineer once you have completed your Mcom. 
  • Most employers require a degree for software engineering positions. However, some may accept a Mcom job provided you can demonstrate that your schooling has given you the knowledge and expertise necessary for the work.  
  • Research experience, writing prowess, and a love of the sciences are all prerequisites for the fellowship for Mcom job holders. 
  • To assess their understanding of the fundamental sciences, all medical students take the MCAT. There are three test sections: one for verbal reasoning, one for mathematical thinking, and one for biomedical knowledge.

Also Read: HR Manager Salary in India in 2022

Benefits of Being a Mcom Graduate: 

Even now, two years after graduating, some people are shocked to find that a person may land a fantastic job offer without a graduate degree. To get a solid job offer without a degree, the truth is that you need to be highly self-driven, have strong communication skills, and be lucky. The good news is that the highest-paying job offers are at the best colleges. Getting admitted to the most esteemed institutions is a terrific opportunity to create a solid first impression and jumpstart your career search.

Many jobs are available to candidates with an M.Com degree, but some of them are more promising than others. To raise revenues prudently in today's world, all enterprises and organisations are looking for specialised and skilled specialists. You can apply for opportunities in the government sector and in corporate settings, and there are many M.Com jobs in both the public and private sectors. You can't argue against a career following an M.Com. Some of the options include:      

  • Financial Controller 
  • Investment Banker 
  • Senior Accountant 
  • Financial Controller 
  • Budget analyst 
  • Auditor 
  • Stock broker 
  • CFO (Chief Financial Officer)
  • Lecturer or Professor  
  • Budget analyst 

Candidates with a Mcom degree are well-equipped to work as an auditor, business analyst, company secretary, consultant, tax accountant, finance officer, stockbroker, sales analyst, and economist. A Mcom graduate also has the option to sit for government exams to obtain employment in the public sector.

Depending on the industry, it changes. Law, finance, and banking are a few professions that pay well. Scientists are among the others; some of them have gone on to become professors at prestigious colleges. Scientists are among the others; some of them have gone on to become professors at prestigious colleges. In India, the average salary for a Mcom is between 5 and 10 lakhs per annum.

Also Read: What is the Average B Tech Salary in India?

Mcom Jobs Salary

Job Position for M.Com Graduates

Annual Average Salary (in )

Cost Accountant

5.88 L

Tax Consultant

5.20 L

Certified Public Accountant

6.96 L

Sales Analyst

4.96 L

Investment Banker

9.04 L

Chartered Financial Analyst

6.95 L

Chartered Accountant

7.98 L

Internal Auditor

5.35 L

Corporate Secretary

5.90 L

Stock Broker

3.90 L

Advantages of Mcom in India

  • As long as there has been government, the private sector has consistently paid more. In this instance, a private-sector master's degree holder is paid between ₹30,000 and ₹40,000 per month. Candidates with expertise and proficiency should have no trouble earning up to six figures.
  • Candidates that pursue a Mcom degree have many job options. Most of these people are employed by banks and financial institutions/companies. 
  • The largest employers of Mcom graduates in India are governmental institutions. The primary compensation ranges from ₹ 20,000 to ₹ 30,000 per month for entry-level positions at Central Government companies, which offer a wide range of prospects. 
  • The income increase is because employees do receive grade upgrades while working. Furthermore, there are several benefits to working for the government, such as gratuity funds, travel reimbursements, and more. 
  • A candidate must succeed in a few government-conducted exams, like those offered by the UPSC, SSC, State PSC, etc., to land a position with the government.
  • The monthly remuneration for a finance consultant is average ₹3.6 lakhs. A finance consultant can expect to get a highest pay of ₹14 lakhs.
  • At MCom, a marketing manager makes an average of ₹7.3 lakhs a year. MCom's highest-paid marketing manager got ₹23 lakhs a year.

Also Read: What is Merchant Navy Salary in India?

Employment After Graduation: 

The MCom is one of the business world's most adaptable and valuable postgraduate degrees. The MCom will provide you with the information and skills you need to succeed, whether you want to work for a multinational corporation, a government agency, or launch your own business. Graduates with an M.com degree have a wide range of career options, and the degree has already impacted the workplace.

  • The program offers advanced management credentials comparable to a Master's degree. It is intended to give those with an undergraduate business degree even more knowledge by providing a greater level of education and specialisation than the MBA. The curriculum is made to give people who currently hold a business degree from a university an advantage over competitors and to give those without one the chance to get an edge. 
  • The MCom will provide the abilities and information required for success if you have the will and commitment to work hard at your studies. No of your experience or area of interest, the qualification offers courses in a wide range of sizes. Marketing, finance, international management, and entrepreneurship are a few of the most common MCom concentrations. Due to the variety of fields, you can pick a course that piques your interest and fits your lifestyle, and the qualification is flexible.

Although M.com is not a requirement for those with specific capabilities to obtain the job, it will give them the knowledge and abilities to excel in the corporate world. No matter what area of business you are interested in, the qualification will be able to influence you because it is made to provide a broad understanding of the field. Choosing a career that aligns with your interests will enable you to work where you want to and succeed. The MCom has already impacted the workplace, and graduates have a wide range of prospective employment options.

Also Read: Salary Calculator 2022-23 - Take Home Salary Calculator India

Conclusion:

Mcom is a course for a Master's degree in India, and it also provides students with management skills and knowledge. It is a wonderful opportunity as it allows more high-paid jobs to the Mcom graduates with an average of ₹4,77,620 annually. Mcom is a wonderful course to invest in and allows a better future for the graduates who can later be introduced to a brighter future. 

Since MCom is a postgraduate degree, scholarly reading and writing are required. The variety of prospects open for MCom graduates is demonstrated by the fact that certain MCom courses even feature specific modules for aspiring business executives. 

Follow Khatabook for the latest updates, news blogs, and articles related to micro, small and medium businesses (MSMEs), business tips, income tax, GST, salary, and accounting.

FAQs

Q: Which positions after M.Com. Are best?

Ans:

For Mcom graduates, the following jobs would be the best -

  • Chartered Accountant, salary: ₹4 lakhs annually.
  •  ACCA, salary: ₹ 5.5 lakhs annually.
  •  Corporate Secretary, salary: ₹1.8 lakhs annually.
  •  Chief Financial Officer, salary: ₹6 lakhs annually.

Q: How much money are MCom grads often offered?

Ans:

MCom graduates earn about ₹5.1 lakh annually on average.

Q: Which top employers take MCom graduates on as employees?

Ans:

SBI, Punjab National Bank, Citibank, ICICI Bank, HDFC, Deloitte, KPMG, TFC, Ernst & Young, and others are some major employers who take on MCom graduates.

Q: What are the requirements for MCom applications?

Ans:

To apply for MCom, applicants must hold a BCom or BCom (Honors) degree from an accredited institution or college with a minimum cumulative GPA of 50%. Additionally, some colleges accept graduates from economics, business administration, finance, or engineering with an overall GPA of at least 60%.

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The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.
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Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.