Pursuing an MCom degree opens up a plethora of opportunities for further education and career advancement. For Indian students looking to expand their knowledge and skills after completing their MCom, there are several courses available both in India and abroad. This guide delves into the various options, focusing on advanced studies and professional certifications that can significantly enhance career prospects.
Advanced Courses After MCom
MBA (Master of Business Administration)
- Duration: 1.5 to 2 years
- Specialisations: Finance, Marketing, Human Resources, Operations Management
- Scope: Broadens career opportunities in management roles across industries.
CA (Chartered Accountancy)
- Duration: 5 years (including articleship)
- Scope: Expertise in accounting, taxation, and financial management, leading to roles in audit firms, corporations, and as independent practitioners.
PhD (Doctor of Philosophy)
- Duration: 3 to 5 years
- Specialisations: Commerce, Economics, Management, and other related fields
- Scope: Academic careers as lecturers or researchers, high-level consultancy roles.
CFA (Chartered Financial Analyst)
- Duration: 2.5 years
- Scope: Specialisation in investment management, financial analysis, and portfolio management, targeting roles in investment banking, portfolio management, and financial advisory services.
FRM (Financial Risk Manager)
- Duration: 2 years
- Scope: Expertise in risk management, suitable for careers in banking, risk assessment, and financial analysis.
Certificate Courses After MCom
Certified Public Accountant (CPA)
- Duration: Typically 18 months
- Overview: Globally recognized, the CPA certification is designed for accounting professionals aiming for the highest standard of expertise in accounting and finance.
- Scope: Careers in accounting, audit, and finance across diverse sectors.
Financial Modeling and Valuation Analyst (FMVA)
- Duration: 4 to 6 months
- Overview: Focuses on financial modelling, valuation, and financial analysis techniques.
- Scope: Ideal for investment banking, corporate finance, and equity research roles.
Chartered Financial Analyst (CFA)
- Duration: 2 to 4 years
- Overview: Prestigious certification for finance and investment professionals, covering a broad range of finance and investment topics.
- Scope: Suitable for investment banking, portfolio management, and financial consultancy careers.
Certified Management Accountant (CMA)
- Duration: 6 to 18 months
- Overview: Emphasises management accounting, financial planning, and control.
- Scope: Prepares for financial management and strategic roles in corporations.
Certified Information Systems Auditor (CISA)
- Duration: 6 months to 1 year
- Overview: Focuses on IT system auditing, control, and security.
- Scope: Leads to careers in IT audit, security analysis, and cybersecurity.
Project Management Professional (PMP)
- Duration: 6 to 12 months
- Overview: Recognized project management certification, covering essential project management practices.
- Scope: Opportunities in project management across various industries.
PhD Courses After MCom
Pursuing a PhD after MCom can lead to careers in academia, research, or high-level consultancy. Popular specialisations include:
- PhD in Management
- PhD in Marketing
- PhD in Accounting
- PhD in Banking and Finance
The average annual tuition fee for a PhD ranges from INR 29,00,000 to INR 40,00,000, depending on the institution and country of study.
FAQs
Which course is best after MCom?
CA, MBA, PhD, CFA and FRM are some of the best courses to choose from after completing your MCom.
What should we do after MCom?
After completing your MCom, you can either look for jobs or pursue other Master's and Doctoral level programs or certification programs.
Can I become a lecturer after MCom?
Yes, you can become a lecturer after completing your MCom. However, you may need to take other teaching proficiency tests if you do not hold a Doctoral degree.
