Top 24 Career Options and Best Courses After M.Com in 2025

M.Com degrees are the go-to choice for students aiming for careers in banking, financial accounting, or management. These programs are gaining even more traction as the demand for professionals with a deep understanding of financial principles continues to rise. However, landing a job straight out of college may not be so easy.

In such a scenario, pursuing specialized career options after M.com can give you the edge over others. For instance, graduates with an MBA degree have the highest employability among graduates in India. This is an indication of changing industry trends in recent years. Wondering, ‘after M.com, which course is best’? Explore the best courses below. 

Top 24 Career Options After M.Com

M.Com is a postgraduate course pursued by students looking to pursue a career in the commerce stream. Needless to say, this degree will help you to evolve the skills needed to succeed in the fields of accounting, management, banking, and taxation. 

However, an M.Com degree will just make you eligible for different roles. Choosing the right career options after M.Com will help you achieve a higher career trajectory, personal satisfaction, and financial stability.

In the following table, you can check the most popular career options after M.Com, along with the average annual salaries.

Source: Glassdoor

Also Read: 25 Best Career Options for Commerce Students

Careers in Accounting and Finance

If you are looking for popular career options after M.Com, accounting and finance are very good options as they provide unlimited scope in the accounts section and a good salary. Some specialized careers in this field include.

1. Chartered Accountant (CA)

A chartered accountant specializes in fields such as accounting, financial regulations, taxation, and business practices. For this role, you need to have the following skills.

• Analytical skills 
• Proficiency in the use of auditing software
• Knowledge of corporate laws
• Time management skills

As part of your career progression, you can become a partner in auditing firms, a Tax Manager, a Financial Analyst, or a CFO of a company, depending on your abilities and experience.

2. Financial Analyst

A financial analyst's role is to analyze business data and help both individuals and businesses make informed decisions. 

For the role of a financial analyst, you need to have a good knowledge of the financial market. Other critical skills include the following.

• Strong data analysis skills
• Ability to make informed decisions
• Knowledge of financial software
• Soft skills like adaptability and teamwork

As part of career growth, you can become a Senior Analyst, Fund Manager, Data Scientist, or Portfolio Manager in the future.

Also Read: 5 Essential Soft Skills to Improve Your Career in 2024

3. Cost Accountant

As a cost accountant, your role will be to analyze the data, update records, and control the business costs. 

In this role, you need to be proficient in financial management and cost accounting techniques. Other vital skills for this role are listed below.

• Budgeting and Forecasting
• Financial modeling
• Statistical analysis
• Soft skills such as teamwork, adaptability, and problem-solving

You can progress to the role of Financial Controller, Financial Analyst, Cost Accounting Manager, or CFO in the future.

4. Tax Consultant

A tax consultant is a specialist in tax laws whose primary role is to advise individuals and businesses on matters related to taxation. 

As a tax consultant, you need analytical skills, an in-depth knowledge of tax law, and attention to detail. Other vital skills required for this role are encapsulated below.

• Accounting principles
• Tax research
• Soft skills such as ethical standards, adaptability, and time management

As part of your career progression, you can rise to become a Private Tax Consultant, Tax Technologist or explore specialized roles such as Digital Tax Consultant.

5. Auditor

The role of the auditor is to verify financial records and ensure that companies comply with tax laws and regulations. 

You need to develop skills such as accounting expertise, problem-solving abilities, and financial analysis for the role of an auditor.

With experience and knowledge, you can transition to the following elite roles. 

• Senior auditor
• Audit manager
• Audit director
• Audit partner

6. Investment Banker

An investment banker’s role is to help companies raise capital from the market and provide financial advisory services. 

The skills that will help you succeed in the role of investment banker are listed below.

• Good knowledge of the financial market
• Understanding valuation techniques
• Corporate finance
• Effective soft skills like communication skills, negotiation skills, and problem-solving

As an experienced investment banker, you can progress to the role of Vice President or Managing Director of the firm or explore specialized roles such as Mergers & Acquisitions (M&A) specialist.

Also Read: How to Become an Investment Banker in India?

7. Corporate Finance Manager

A corporate finance manager oversees a company's financial strategy and operations, thereby helping it make critical financial decisions. 

The primary skills that will be required for the role of Corporate Finance Manager are listed below. 

• Risk management
• Analytical skills
• Proficiency in financial software like Bloomberg Terminal, FactSet, or Capital IQ.
• Soft skills like leadership, time management, and interpersonal skills

As part of your career progression, you can rise to become CFO, Financial Controller, Head of Finance, or Finance Director.

Want to improve your leadership skills and make a mark as a corporate financial manager? Check out these 10 best leadership courses that will help you.

8. Financial Partner

As a financial partner, you will help individuals and businesses manage their finances and plan for the future. 

Here are the essential skills that will help you stand out in this role.

• Valuation techniques like discounted cash flow (DCF) analysis
• Corporate finance
• Financial modeling
• Soft skills like interpersonal skills and negotiation skills

With knowledge and expertise, you can progress to the role of wealth manager, Chief Operating Officer (COO), Chief Financial Officer (CFO), or set up your practice.

9. Stock Broker

The role of a stock broker is to buy and sell stocks or other commodities on behalf of the client. 

To succeed in the role of a stock broker, you need to have the below-listed critical skills.

• Good knowledge of the stock market
• Proficiency in financial software
• Risk management
• Soft skills like decision-making skills and communication 

You can progress to the role of senior broker, Relationship Manager, Equity Research Analyst, or investment advisor in the future.

Careers in Management and Business

You can also pursue management or business as career options after M.Com. These courses  offer great scope for career growth in the corporate sector. 

10. Management Consultant

A management consultant's job is to help improve the performance of a business through expert advice and guidance. 

Have a look at the top skills you need to excel in the role of a management consultant. 

• Proficiency in data analysis techniques
• Project management
• Knowledge of industry
• Soft skills like problem-solving skills, business acumen, and communication

In the future, you can rise to the role of Senior Consultant, Operations Consultant, Human Capital Consultant, or Partner in consulting firms.

Interested in project management? Check out UpGrad’s Project Management Courses and take your first step towards a fulfilling career. 

11. Business Analyst

A business analyst is a professional whose primary role is to analyze business data and suggest measures to increase efficiency. 

If you want to excel as a business analyst, you need to possess specific skills, listed below.

• Stakeholder management
• Analytical skills
• Data collection
• SQL 
• Process modeling using tools such as BPMN or UML
• Soft skills like interpersonal skills and problem-solving

The future career progression for this role includes Business Architect, Business Intelligence Analyst, Cybersecurity Analyst, or Project Manager.

12. Accountant 

An accountant’s role in an organization is to manage financial records and ensure accuracy for both individuals and businesses. 

Explore the skills you require for an accountant’s role in an organization. 

• Knowledge of accounting software like QuickBooks
• Knowledge of auditing standards
• Analytical skills
• Soft skills like organization skills and time management

In the future, you can progress to the role of an Accounting Manager, Financial Controller, or Senior Accountant.

13. Banking Professional

A banker works in a financial institution and performs functions such as loan processing, deposit handling, and marketing banking products. 

You need to possess specific skills – mentioned below – for the role of a banker. 

• Compliance awareness
• Proficiency in computer
• In-depth knowledge of products
• Soft skills like problem-solving, communication, and negotiation

With expertise in the field, you can progress to the role of Credit Officer, Investment Banker, Department Head, or Bank Manager in the future.

Check out the best Financial Analysis Courses on UpGrad, and give your career a boost in the banking sector. 

Academic and Research Careers

After an M.Com degree, your career path is not restricted to corporate roles. If you have the desired interest, pursue academic or research as career options after M.Com. Some career options in the academic and research field have been chalked out below. Have a look!

14. Academician 

An academician in the commerce field can pursue teaching, research, and scholarly work. Your primary role as an academician is to teach students at the university or colleges. 

For choosing academician as a career option after M.Com, you need to possess a few critical skills, listed below.

• Strong communication
• Good knowledge of the subjects
• Critical thinking
• Soft skills like communication, time management, and ethical skills

As part of career progression, you can occupy roles like a Senior lecturer, Dean, or Principal.

15. Ph.D. in Commerce

You can pursue a Ph.D. degree in commerce if you have the passion to excel in research and academia. 

Here are some skills required for choosing a Ph.D as a career option after an M.Com.

• Deep understanding of research methodology
• Critical thinking
• Technical proficiency 
• Soft skills like time management, creativity, and self-discipline 

In the future, you can occupy roles in the research field or become an academician.

16. Preparing for UGC NET

Clearing the UGC NET makes you eligible for assistant professor roles in various universities, gain JRF fellowship, and opens the door for research opportunities. 

Here’s what you need to achieve to excel in the UGC NET exam.

• Understanding of the exam pattern 
• Following a detailed study plan
• Creating concise notes
• Attempting test series

You can also seek professional guidance from expert counselors at UpGrad to increase your chances of clearing the exam.

Government Career Options After M.Com

An  M.Com degree opens the door to many government-sector jobs, especially in accounting and research. 

With proper preparation, you can crack the exams and gain coveted government posts. Some of the career options in the government sector have been chalked out in the upcoming sections. Read on!

17. Assistant Audit Officer (AAO)

An AAO’s role is to audit government records. To become an AAO, you need to qualify for the Staff Selection Commission (SSC) CGL exam. 

Some primary skills you require for the AAO job include the following.

• Analytical skills 
• Knowledge of government finance
• Knowledge of auditing standards

You can progress to the roles of Senior Audit Officer, Deputy Accountant General (DAG), Additional Director General (ADG), or Director in the future. 

18. Income Tax Inspector

The role of an Income Tax inspector is to ensure that individuals and businesses follow income tax laws and regulations. 

Here are the skills required to excel in this role. 

• Investigative skills 
• Exceptional knowledge of tax laws
• Legal knowledge
• Soft skills such as time management and ethical standards 

With due experience, you can progress to the position of Income Tax Officer, Joint Commissioner of Income Tax (JCIT), or Additional Commissioner of Income Tax (Addl. CIT).

19. Assistant Accounts Officer (AAO) in Public Sector Banks

An AAO in a public sector bank is responsible for carrying out the bank's financial operations and accounting tasks. 

The role of AAO in a public sector bank requires you to possess the below-listed skills.

• Regulator knowledge 
• Proficiency in accounting practices
• Fraud Detection and Prevention
• Risk Evaluation

With experience, you can be promoted to the role of Finance Manager, Chief Manager, or General Manager in the future.

20. Auditor in CAG

An auditor in CAG ensures financial accountability and transparency in government spending. They check for compliance and enforce accountability.

Here are some skills required to excel in this role. 

• Analytical skills
• Knowledge of government policies
• Finance and auditing
• Proficiency in computer software 
• Non-core skills such as high integrity, problem-solving skills, and time management skills

You can progress to the role of Senior Auditor, Audit Officer, Additional Director General (ADG), or Director General (DG) in the future.

21. Accountants in Government Departments

An accountant’s role in a government department is to manage the department's financial operations. 

To excel as an accountant in government departments, you need to acquire vital skills, as listed below.

• Knowledge of government procedures
• Accounting skills
• Computer proficiency
• Taxation laws
• Soft skills like adaptability and time management

You can progress to the role of senior Accountant, Financial Officer, or Deputy Accountant General (DAG) in the future. 

22. Assistant Section Officer (ASO)

An ASO’s role is to perform administrative duties in various ministries and departments of the Government of India. 

If you choose Assistant Section Officer (ASO) as a career option after M.Com, you'll need to develop the skills listed below.

• Proficiency in MS Office Suite
• Data Entry and Management
• Report writing
• File management 
• Soft skills like communication skills and organization skills

With relevant experience, you can progress to the role of section officer, undersecretary, or director in the future.

23. Statistician

The statistician’s role is to collect, analyze, and interpret data that helps in making policy decisions. 

Essential skills that you require to succeed as a statistician are listed below.

• Analytical skills
• Proficiency in statistical tools
• Domain knowledge
• Soft skills such as communication skills, collaboration, and critical thinking 

You can reach the position of Senior Statistician, Principal Statistician, or Data Analyst with a promotion.

24. Research Officer

A research officer in a government department conducts economic and financial research that can help in policy decisions. 

For the role of a Research Officer in the government, you need to develop critical skills such as:

• Report writing
• Proficiency in research tools
• Soft skills like critical thinking, communication, and interpersonal skills

With dedication and expertise, you can reach the position of Senior Researcher or Policy Advisor in the future.

Also Read: Salary of M.Com Graduates

Professional Courses and Certifications After M.Com

While an M.Com degree in itself is valuable for promising career opportunities, you can increase your chances of a high-paying job by completing specific certification courses.

These professional certificates will give you additional knowledge about the domain you are planning to choose. As seen in every other stream, specialized knowledge holds the key to a bright career prospect. It will help you stand out for a role that every business is actively seeking. 

Check out the prominent courses and certifications that are great career options after M.Com.

List of Prominent Courses and Certifications after M.com

After completing M.Com, you can explore popular courses and certifications, which are given below.

1. Chartered Financial Analyst (CFA)
2. Association of Chartered Certified Accountants (ACCA)
3. Certified Public Accountant (CPA)
4. Cost and Management Accountant (CMA)
5. Company Secretary (CS)
6. Master of Business Administration (MBA)
7. Financial Risk Manager (FRM)
8. Digital Marketing Courses
9. Doctorate of Business Administration (DBA)

Also Read: Top 10 Highest Paying IT Certifications in India in 2024 [Astounding]

Chartered Financial Analyst (CFA)

CFA is a globally recognized certificate issued by the CFA Institute, and it signifies a high level of competency in investment analysis, portfolio management, and financial ethics. 

With a CFA certificate, you can explore the following career opportunities.

Source: Glassdoor

Association of Chartered Certified Accountants (ACCA)

This certificate is offered by ACCA, an international financial body that offers benchmark standards in accounting and finance. 

An ACCA certification will help you gain knowledge of global accounting standards, becoming a vital tool for your career progression. 

With this certificate, you can explore the following career options after M.Com.

Source: Glassdoor

Certified Public Accountant (CPA)

CPA is a globally recognized certification for accounting and finance professionals. This certificate is beneficial for professionals seeking job opportunities in the USA. 

A CPA certification will benefit you in multinational companies, helping you understand global accounting practices. 

With this certification, you can explore career options after M.Com in the following roles. 

Source: Glassdoor

Cost and Management Accountant (CMA)

The CMA certification is awarded by the Institute of Management Accountants (IMA) and focuses on the field of management accounting. 

The CMA certificate will highlight your expertise in cost management and strategic planning. The job roles you can land after CMA certification are tabulated below.

Source: Glassdoor

Company Secretary (CS)

A company secretary provides legal and administrative advice to a company's board of directors. This position requires professional expertise in corporate laws and governance. 

As a company secretary, you can contribute to the effective administration of the company. With this certification, you can explore the following career opportunities.

Source: Glassdoor

Master of Business Administration (MBA)

An MBA degree after M.Com will help develop managerial and leadership skills, offering a solid base for success in various business roles. 

You can consider different specializations for this degree, including Human Resources, marketing, operations, or finance. 

With an MBA degree, you can explore the following career options.

Source: Glassdoor

Financial Risk Manager (FRM)

The FRM certification is awarded by the Global Association of Risk Professionals (GARP) and is an indication of expertise in financial risk management. 

With the rising demand for risk managers, you have opportunities to work in the banking and finance sectors. 

Some of the career options after M.Com with FRM certification are tabulated below.

Source: Glassdoor

Also Read: Top 8 career Options in Finance: What to do After Finance Degree

Digital Marketing Courses

Digital marketing courses are in great demand due to the rising importance of digital platforms for business expansion. 

Social media marketing, SEO marketing, and email marketing are some of the popular digital marketing skills you require for this job. 

After completing the digital marketing course, you can explore the following job roles.

Source: Glassdoor

Doctorate of Business Administration (DBA)

DBA is an advanced research-focused terminal degree for experienced professionals seeking to contribute to advanced business studies. It will help you gain advanced leadership and strategic thinking skills. 

Completion of this certification can help you get the following job roles.

Source: Glassdoor

Also Read: Career Opportunities: Corporate and Financial Law

Understanding M.Com and Its Scope

The Master of Commerce (M.Com) is a postgraduate degree that specializes in accounting, commerce, economics, and business-related fields. It is a preferred choice if you are planning to start a career in banking, accounting, finance, and other commerce sectors.

As part of an M.Com degree, you need to study core subjects, including.

• Advanced Accounting
• Taxation 
• Economics
• Marketing
• Human Resource Management
• Business Law
• Finance
• Operations and Management

The M.Com degree will help you acquire many key skills – mentioned below – for career success. 

• Accounting expertise
• Financial analysis
• Taxation matters
• Advanced economics
• Statistical methods
• Communications skills
• Leadership skills
• Teamwork
• Critical thinking skills

Apart from the skills acquired during the study, an M.Com degree will improve your career prospects. Some of the main benefits are listed below.

• Specialized knowledge in domains such as accounting, financial analysis, economics, and taxation.
• Potential for high-paying jobs such as business administration.
• Opens diverse paths for career options such as banking, accounting, and government service.
• Helps in expanding the knowledge base.
• Provides continuous opportunity for learning.

Conclusion

An M.Com degree offers rewarding career opportunities across various sectors, including finance, consulting, accounting, education, and government. 

Further specialization courses like CFA, CS, or MBA can boost your career prospects and contribute meaningfully to society.

Are you still confused about which career to choose after an M.Com degree? Consult UpGrad experts specializing in career guidance. Book a free one-to-one consultation with our experts!

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