Completing a Master of Commerce (M.Com) degree is an important achievement in a student’s academic life. After finishing M.Com, many students think about their salary and the types of jobs they can get. This article will give you clear information about the M.Com salary, including how much you can earn per month, the job opportunities available, and the government jobs you can apply for after completing your M.Com.
By the end of this article, you’ll have a clear understanding of the salary after M.Com, potential career paths, and the financial benefits of completing an M.Com degree.
What is M.Com?
The Master of Commerce (M.Com) is a postgraduate degree, typically lasting for two years. It is one of the most popular courses for students who want to deepen their understanding of commerce, accounting, finance, economics, and business law. M.Com students specialize in various subjects such as:
- Accounting
- Finance
- Business Law
- Economics
- Taxation
- Banking
With an M.Com degree, you can pursue careers in various sectors like finance, banking, education, government, and corporate sectors. Let’s explore what you can expect in terms of M.Com salary in India per month, career growth, and opportunities after completing your degree.
M.Com Salary: What to Expect After Completing Your Degree
The salary after M.Com can vary depending on the type of job you choose, your experience, and the industry you work in. Here is an overview of what you can expect in terms of salary:
1. Private Sector Jobs after M.Com
In the private sector, M.Com graduates can expect competitive salaries depending on the role, experience, and company.
Entry-Level Salary for Fresh M.Com Graduates
For fresh M.Com graduates starting their careers, the M.Com salary per month typically ranges from ₹25,000 to ₹40,000. Positions such as accountants, financial analysts, or auditors are common entry-level jobs.
Mid-Level Salary
After gaining 3–5 years of experience, the M.Com salary increases. Mid-level professionals in roles like senior accountants, financial analysts, or management consultants can earn anywhere between ₹50,000 to ₹80,000 per month.
Experienced Professionals’ Salary
For professionals with over 5 years of experience, salaries can range from ₹1,00,000 to ₹1,50,000 per month, especially for roles such as financial managers, tax consultants, or investment bankers.
2. Government Jobs after M.Com
Government jobs offer job security, excellent benefits, and a steady income. For M.Com graduates, several government job opportunities are available in various sectors like banking, taxation, auditing, and more.
Government Jobs and Their Salaries
Here are some of the most common government jobs after M.Com, along with the expected salary:
- Income Tax Officer: ₹56,000 to ₹70,000 per month
- Probationary Officer (PO) in Banks: ₹52,000 to ₹65,000 per month
- Assistant Audit Officer: ₹47,000 to ₹55,000 per month
- Commercial Tax Officer: ₹55,000 to ₹65,000 per month
- Accounts Officer: ₹50,000 to ₹60,000 per month
- Lecturer/Assistant Professor (in Colleges): ₹50,000 to ₹75,000 per month
- Clerk/Accountant (Railways): ₹45,000 to ₹55,000 per month
The salary after M.Com in government jobs is generally stable and offers various allowances such as medical benefits, pension, and retirement plans.
3. M.Com Salary in India per Month: A Breakdown by Role
The M.Com salary in India per month depends on the specific role and the industry in which you work. Here’s a more detailed look at some roles that M.Com graduates typically pursue:
1. Accountant
- Salary: ₹25,000 to ₹50,000 per month
- Job Description: Accountants are responsible for maintaining financial records, preparing balance sheets, and ensuring financial compliance. In large companies, the salary can be higher depending on the level of responsibility and experience.
2. Financial Analyst
- Salary: ₹40,000 to ₹80,000 per month
- Job Description: Financial analysts evaluate financial data, make forecasts, and help businesses make investment decisions. They often work in industries like banking, investment, and corporate finance.
3. Tax Consultant
- Salary: ₹40,000 to ₹70,000 per month
- Job Description: Tax consultants help individuals or businesses with tax planning and filing. They ensure that taxes are paid accurately and on time, and they often work for tax consulting firms or as independent consultants.
4. Banking Jobs
- Salary: ₹50,000 to ₹1,00,000 per month
- Job Description: M.Com graduates often work as probationary officers (POs) in government banks or in private banks. These roles involve managing customer accounts, handling loans, and other banking services.
5. Investment Banker
- Salary: ₹70,000 to ₹1,50,000 per month
- Job Description: Investment bankers help companies raise capital, advice on mergers and acquisitions, and manage large financial transactions. These roles typically require additional certifications or experience, but they come with a high salary potential.
Government Jobs after M.Com and Salary: A Deep Dive
For those interested in stable and prestigious careers, government jobs after M.Com are an excellent choice. These jobs offer fixed working hours, pension benefits, and a secure future. Some of the most popular government jobs after M.Com include:
1. Income Tax Officer (ITO)
An Income Tax Officer is responsible for enforcing tax laws and collecting taxes. It is a high-ranking position that offers job stability, a good salary, and the opportunity to work in government departments.
- Salary: ₹56,000 to ₹70,000 per month
- Eligibility: Graduation in any field, with an M.Com being a strong qualification. Clearing the UPSC or SSC CGL exam is required.
2. Bank Probationary Officer (PO)
Public sector banks like SBI, IBPS, and RBI offer job opportunities for M.Com graduates to work as Probationary Officers. These positions involve managing bank operations, lending, and customer relations.
- Salary: ₹52,000 to ₹65,000 per month
- Eligibility: Graduation (M.Com preferred), clearing the bank PO exam.
3. Assistant Audit Officer
An Assistant Audit Officer works in the government auditing department, reviewing financial documents for compliance with laws and regulations. This position is available through exams like SSC CGL.
- Salary: ₹47,000 to ₹55,000 per month
- Eligibility: M.Com graduates can apply after clearing the SSC CGL exam.
4. Lecturer/Assistant Professor
If you’re interested in teaching, becoming a lecturer or assistant professor in a college or university is a good option. M.Com graduates can teach commerce-related subjects at various educational institutions.
- Salary: ₹50,000 to ₹75,000 per month
- Eligibility: M.Com degree with UGC NET qualification for teaching at universities.
5. Commercial Tax Officer
Commercial tax officers are responsible for managing and collecting taxes from businesses. It’s a prestigious government job with excellent salary and benefits.
- Salary: ₹55,000 to ₹65,000 per month
- Eligibility: M.Com graduates with experience in accounting or taxation.
Career Opportunities after M.Com
While government jobs after M.Com are a great option, there are also numerous career opportunities in the private sector. Here are some options for M.Com graduates:
1. Corporate Sector
M.Com graduates can work in various departments within a company such as:
- Human Resources: Managing employee relations, recruitment, and training.
- Operations: Overseeing business operations and logistics.
- Marketing: Creating strategies to promote products and services.
The salary after M.Com in the corporate sector can range from ₹50,000 to ₹1,00,000 per month depending on the role and experience.
2. Entrepreneurship
If you have an entrepreneurial spirit, M.Com can also provide the foundation to start your own business. Whether it’s a small accounting firm, a financial consultancy, or a product-based company, your M.Com degree equips you with business and financial skills needed to succeed.
3. Teaching and Education
Another rewarding career option after M.Com is teaching. With the increasing demand for qualified educators, M.Com graduates can teach in schools, colleges, and universities. Further qualifications like B.Ed or UGC NET can help enhance teaching prospects.
M.Com Salary per Month: Final Thoughts
To summarize, the M.Com salary in India per month depends largely on the career path you choose and your level of experience. Fresh graduates can expect starting salaries between ₹25,000 and ₹40,000 per month, while experienced professionals can earn between ₹50,000 and ₹1,50,000 per month or more.
Whether you decide to work in the government sector, join a private company, or start your own business, the salary after M.Com can be quite rewarding. Government jobs offer stability and long-term benefits, while the private sector and entrepreneurship provide dynamic career paths with growth potential.
For those interested in continuing their studies, Desh Bhagat University offers various Open and Distance Learning (ODL) programs like distance learning MCom to help students pursue their academic and career goals at their own pace.
By completing an M.Com, you are setting yourself up for a successful career in various industries. Take time to explore the career options available to you, and choose the path that best matches your skills and aspirations. Whether you aim for government jobs, a career in corporate finance, or even entrepreneurship, the M.Com degree provides you with the tools to succeed.
FAQs
1. What is the salary after completing M.Com?
The salary after M.Com varies depending on the industry and experience. Fresh M.Com graduates typically start with a salary between ₹25,000 to ₹40,000 per month. With more experience, the salary can increase to ₹50,000 to ₹1,00,000 or higher, especially for roles like financial managers or consultants.
2. What are the government job options after M.Com?
There are several government jobs after M.Com. Some of the popular options include roles like Income Tax Officer, Bank Probationary Officer (PO), Assistant Audit Officer, Lecturer/Assistant Professor, and Commercial Tax Officer. These jobs offer job security, good salaries, and benefits such as pension and medical allowances.
3. What is the salary of a lecturer or assistant professor after M.Com?
After completing M.Com, you can become a lecturer or assistant professor in colleges and universities. The salary for these positions typically ranges from ₹50,000 to ₹75,000 per month, depending on the institution, location, and your qualifications like UGC NET.
4. How much can I earn in the private sector after M.Com?
In the private sector, M.Com graduates can earn anywhere between ₹25,000 and ₹40,000 per month when starting out. With 3-5 years of experience, the salary can increase to ₹50,000 to ₹80,000 per month. Experienced professionals in roles like financial managers or consultants can earn ₹1,00,000 or more.
5. What are the career options after M.Com?
After completing M.Com, you can explore many career options such as accounting, finance, banking, taxation, and education. You can work as a financial analyst, accountant, tax consultant, or business consultant. You can also choose to teach or even start your own business with your knowledge in commerce.
6. Can I start my own business after M.Com?
Yes, starting your own business after M.Com is a great option if you have an entrepreneurial mind-set. You can open your own accounting firm, financial consultancy, or product-based business. The skills you learn during your M.Com program will help you in managing finances and understanding business operations effectively.
7. How much does an Income Tax Officer earn after M.Com?
An Income Tax Officer is a respected government job for M.Com graduates. The salary for this position typically ranges from ₹56,000 to ₹70,000 per month, depending on the level and experience. This role also offers other benefits like job stability, pension, and medical allowances.
8. What is the salary of a bank probationary officer (PO) after M.Com?
As a Bank Probationary Officer (PO), an M.Com graduate can expect to earn between ₹52,000 and ₹65,000 per month. This salary can vary based on the bank and location. This role also offers job security, growth opportunities, and other benefits such as health insurance and retirement plans.
9. What are the advantages of government jobs after M.Com?
Government jobs after M.Com offer several advantages, including job security, steady salaries, and benefits like pension, medical insurance, and paid leave. These jobs also offer a work-life balance and the opportunity to serve in various government departments, such as taxation, auditing, and finance.
10. Is M.Com better for a career in education?
Yes, M.Com is a great qualification for a career in education. If you want to become a teacher or lecturer, you can pursue a teaching career in schools, colleges, or universities. You may need to clear exams like UGC NET for university-level teaching. It is a stable and rewarding career option for M.Com graduates.