There are various benefits of the MCom degree, such as it is a globally recognized degree, it provides students with updated knowledge in Commerce, offers students with best career options, etc.
Mcom or Master of Commerce is a degree that can unlock a plethora of career opportunities for students completing their studies. It also offers a competitive edge in the industry. MCom is a globally recognized degree and there are various benefits it provides including a wide range of career options, updated and advanced knowledge in commerce, and many more.
So many students in India dream of becoming an entrepreneur or a businessman from their childhood. That is one of the reasons why India as a country gets to witness thousands of new business startups every year. In fact, according to some studies around 67% of business professionals choose a MCom degree as compared to others.
The two-year post-graduate degree primarily focuses on students developing and inheriting advanced studies in commerce, accounting, finance, and business management. Aspiring businessmen or entrepreneurs willing to pursue MCom can go through the article to know the multiple benefits of the degree.
Benefits of MCom Degree
Students interested in taking up commerce as a career option and are keenly interested in financial and accounting fields should opt for an MCom. A master’s degree in Commerce will only help them inherit the latest knowledge related to their interest and can land their dream job. Here are the benefits of MCom that you should know about:-
Globally Recognized Degree
Completing an MCom degree from any reputed institution in India is highly demanding and is also recognized globally. With multiple career growth opportunities being availed by students not only in India but, in top-tier countries like the USA, Canada, Germany, and more. Students with an MCom degree from a reputed institution in India can easily apply for or land a job in international countries and earn a significant amount of salary. Other than that, an MCom degree also allows access to world-renowned faculty and resources to candidates who have scored well.
The value of MCom is highly valued in the business world because every major business organization around the world hires at least 2-3 MCom degree holders. Moreover, it helps students in India to open up job opportunities not only in their country but in international boundaries as well.
Must Read: MCom Placement Details
Affordable Education Cost
Lots of reputed universities and institutions in India offer an MCom degree at an affordable price. As a result, it becomes easier for most students across the country to make a career in the field. The low course fees of an MCom degree in India should not be directly compared with the value of its degree that a student will enjoy upon completion.
Soon after completing the MCom degree, multiple job opportunities open up for graduates in India. Additionally, students can find ample job opportunities even outside India. Now, that is one of the reasons why MCom has become one of the most affordable courses in India.
Updated Knowledge in Commerce
One of the greatest benefits of an MCom degree is that students inherit advanced knowledge in various necessary fields such as accounting, banking, finance, marketing, and economics. It gives students how to deal with different problems with the latest and updated solutions. In short, the updated knowledge that students have inherited allows them to analyze complex business situations very effectively and helps both businesses and them make informed decisions.
The subjects and topics included in the MCom degree are very crucial for graduates who are looking to excel in the field of commerce or business.
Also Read: MCom Program Admission Details
Expertise in Data Analysis and Interpretation
One of the primary benefits of taking up the MCom program in India is that it focuses quite a lot on quantitative methods and data analysis. There are lots of chapters and topics that are related to statistics and econometrics in this degree program. After completing the degree, graduates become experts in collecting, analyzing, interpreting, and presenting data effectively. These skills become very crucial for all graduates to understand complex problems and solve them in no time.
While pursuing an MCom degree, students are taught various statistical techniques such as regression analysis, descriptive statistics, and hypothesis testing. Again, having these skills becomes very crucial for all graduates to make proper and informed decisions in their organization and life.
Enriched Career Opportunities
The focus for pursuing any degree is primarily on career opportunities in that field. Similarly, one of the major benefits of an MCom degree is that it enhances career opportunities for graduates. Students who are pursuing and who have already pursued an MCom degree will know that the primary focus of the study structure is on subjects like finance, economics, accounts, taxation, and business strategy.
Gaining knowledge in these fields helps students to understand complex problems and navigate through daily business challenges effectively. Other than this, graduates of MCom degree immediately gain access to a wide range of career options in different industries. Some of the common fields are the following:-
- Accounting
- Banking
- Marketing
- Finance
This diversity helps MCom graduates to choose a path that they think can do the best as per their interests and strengths.
Read More: MCom Job, Scope, and Salary Details
Socializing Opportunities
Pursuing or MCom graduates often have the advantage of valuable networking opportunities with the outside world through faculty members, new companies, and other industry experts. Besides, an MCom degree helps students connect with alumni networks for lifetime connections.
Socializing opportunities help students to access various job opportunities, mentorships, and recommendations.
Other than that, a small lecture from industry experts helps students and graduates stay updated on the latest market trends, best practices, and emerging issues. Socializing also helps students and graduates to share ideas about something, expertise, and experience as well.
High Earning Potential
Graduates and students who are pursuing an MCom degree can take advantage of the earning potential on offer. Interestingly, not many will know but, the earning potential for MCom graduates is quite higher as compared to those of undergraduate holders. For example, some top positions like Investment Banks can easily earn up to Rs 40 lakhs per annum, while management accountants (beginner level) can easily earn up to Rs 25.5 lakhs per annum.
The average starting salary after completing an MCom degree in any specialization is between INR 6 LPA-INR 12 LPA. Additionally, beginners who have just joined a new company do have the advantage of rapidly progressing to mid-level positions and as a result, increasing their earning potential. Interestingly, as per some reports, MCom graduates or degree holders from top-tier institutions can expect a salary hike of 20-30% annually.
Must Refer: Top MCom Colleges in India
Opportunities in Government and Public Sector
MCom degree holders and students who are pursuing the program can benefit from a wide range of lucrative opportunities in government and public sector undertakings. They both are known for offering job security, competitive salaries, and nation-building contributions.
Renowned organizations in India like the Securities and Exchange Board of India (SEBI), Oil and Natural Gas Corporation (ONGC), and many other public sector units are known for offering rewarding roles, which include financial analysts, economic advisors, research officers, and more. MCom degree holders can easily get jobs in these industries and can earn quite a lot.
Competitive Edge
Holding a degree in MCom means the student is perfect in a field and provides a significant advantage in the competitive job markets. These graduates can show their knowledge and other skills to gain new positions in a company.
Future Preparations
The course structure of MCom helps graduates with the necessary skills and knowledge to move ahead in their future. It becomes very easy for those who are willing to become an entrepreneur or a businessman.
Must Check: MCom Subject and Syllabus Details
