Why you should do M.Com after completing graduation from commerce. Master of Commerce (M.Com) is post graduate degree with expertise in commerce.
In M.Com students may select specialization in accounting, management, economics, human resource, supply chain, actuarial science etc. The duration of the programme is two years. It is available in regular and distance mode. The regular mode is preferable because it has several advantages over the distance mode. M.Com is sure an added advantage for commerce students who decided to do research or want to become lecturer in Indian and foreign university.
Apart from the teaching and research job they have plenty of opportunity in industries. The companies and industries are looking for the subject area specialization and expert. M.Com is the right choice for them. In the following area M.Com has high demand.
- Account and Auditing
- Banking and Finance
- Fund Management
- Stock Broking, Capital Market
- Electronic Marketing
- Management Consulting
Not only private sector, students of M.Com can apply for jobs in government sector as well. UPSC is the major recruiter of the M.Com students, providing good position and package. Some of the most effective institutions from where students can study M.Com is Delhi University, Christ University, Madras University, IGNOU etc. In this year B.S. Abdur Rahman Crescent Institute of Science and Technology, a renowned university of engineering and technology, started M.Com with unique curriculum targeting the job in industry and education sector.
Higher study option after M.Com
After M.Com candidate can go for various specialized course and programme some of them are as follows.
Doctorate Degree or PhD
It is a higher degree awarded for the original research work to the students in their discipline. If you are a commerce graduate and want to pursue PhD in future, must go for M.Com. In several place including abroad, the recruiters are interested to appoint the candidate those who have graduation, master and PhD degree in the same discipline. The main recruiters of the PhD candidate is colleges and universities. The PhD can be done in many major area like, financial studies, commerce, statistics.
M. Phil (Master of Philosophy) is actually an advanced post graduate research degree. Master of Philosophy is thesis based study. Earlier the degree makes the students eligible for the lecturer ship post in colleges and universities. It is a two year programme and at present M.Phil candidate is not qualified for the lecturer post as per the UGC guideline. Therefore it is generally not recommended.
Certificate or diploma courses that makes the student highly eligible for the job market
International Finance Reporting Standards
In this global business environment, the financial statement is required to be prepared with the set of guidelines that must be acceptable globally. Here the International Financial Reporting Standard comes into the picture. International Financial Reporting Standards (IFRS) are a set of International Accounting Standards that is applicable at the time presenting the financial statement and financial report to the global community.
IFRS are issued by the International Accounting Standards Board, and they specify exactly how accountants must maintain accounts and present the financial statements. IFRS has been in order to have a common accounting language, so business and accounts can be understood globally. India is under the process to convergence of the of Indian Accounting Standard to the International Financial Reporting Standard with the name of Ind AS.
There are very few colleges and universities where you can get the training on the Indian Financial Reporting Standard. B.S Abdur Rahman Crescent Institute of Science and Technology is providing the IFRS training and certification to their B.Com(H) students. The course aim to provide the better carrier opportunity to students after the graduation.
Certificate Course in Banking, Stock Market, Derivatives, Income Tax
Some certificate or diploma course in accounting, auditing, banking, insurance, stock market, derivatives, income tax, micro finance, investment are vocational in nature and has high demand in the job market. M.Com graduates are the most wanted candidate for these certificate course because they have good background and specialized knowledge in the same field.
Association of Chartered Certified Accountants(ACCA )
ACCA is the Global Body for Professional Accountants. It aims to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management. This is a globally recognised course and equivalent to the may certified accountant courses. The qualified ACCA candidates are working around 180 countries worldwide. Professionals even after completing CA, CS or CWA are pursuing this course. To complete this course, it is better to complete it with your B.Com or M.Com in any university where it is available. B.S Abdur Rahman Crescent Institute of Science and Technology may be the great choice to complete this course in cheapest price. Click here to know more about ACCA
US CMA: Certified Management Accountant is an internationally acknowledged, advanced-level qualification suitable for accountants and financial professionals in company. US CMA makes their students expert in financial planning and analysis, cost control, decision support and professional ethics. These skills with CMA citification are highly recognised worldwide and have great demand across the border. Limited number colleges and universities are offering this course at their campus. B.S Abdur Rahman Crescent Institute of Science and Technology is one of them who provide this course in a very reasonable price compared to the other colleges and university. Get more detail here.
Data analysis is the big buzz now a days. It is not limited to the science and technology, but business data analysis touches the great hight and in demand. It is in high demand in the big company and the companies having online portal for sales and services. The use of data analysis is getting popularity in the small and medium size enterprise as well, that makes this field highly demandable at present. The demand is so high that almost every university started the course on data analytics or want to start the course on data analytics. Selecting the proper course in this regard with certification and skill demanded in industry is very important. Wiley Certified Business Analytics (WCBA) certification may be the great choice for the students. Get more information here.
Chartered Financial Analyst (CFA)
Chartered Financial Analyst program is provided internationally by the United States based CFA Institute to candidate. Candidate having knowledge of investment and finance is eligible for this course. After successfully completing the programme and fulfilling the requirement the candidate get the certificate of ‘CFA Charter’.
It takes approximately 4 years to complete and get their ‘CFA Charter’ certificate. The program covers a broad range of topics which includes investment management, financial analysis, stocks, bonds and derivatives and other financial attributes. The minimum eligibility for this programme is the candidate must be in final year of graduate to pursue the level 1 of CFA exam.