Although M.com isn’t a very prevalent choice amongst the commerce graduates, few of us take up this course for totally unique ambitions.
Usually, people use M.com as a ladder a career in teaching – To become a college professor, or atleast a commerce teacher at school level.
HOWEVER, there’s much more to it. Not just teaching, there can be other good career options after M.Com that you might have never heard of.
I’ll be listing down each one of them, along with all the WHYs and HOWs.
Read this article till the end to make an informed choice.
1. Fellow Program in Management (FPM)
Many of you might have never heard of it. It’s an infamous, but one of the highest rewarding course after M.com. It’s one of the Flagship programs of top IIMs where minimum required qualification is M.Com or M.A.
Thus, you can leverage your degree to make an entry into FPM. It’s equivalent to a PhD in Management.
It’s almost a 5 year, Degree program, which can land you dignified jobs as a Professor in top B Schools.
If you become a professor at a top MBA College such as ISB, IIMs, XLRI, MDI etc., then you might also get research opportunities in Finance & Strategy.
2. Financial Modeling and Valuations (FMV)
If you want to get a decent job in Core Finance right after your M.com and you don’t want to spend another 5 Years in PhD, then is the BEST choice for you.
Yes, you heard it right. This is the most demanded skill in finance industry. It’s like the backbone on which Investment Banks run.
All you need to do is to choose an appropriate institute which delivers such training and gives placement support.
Only we, at The Wallstreet School openly disclose the Linkedin profiles of our previously placed students who have completed our Financial Modeling Program.
It’s a short term, 6 weeks course which requires a basic knowledge of accounting – Balance Sheet, P&L, and Cash flow Statements.
3. UGC National Educational Test (NET)
The most traditional career choice after M.com is Teaching. And the Universities under the central and state governments necessarily require the applicants to clear the UGC NET exam.
It’s a test of expertise in the field in which the candidate has done the Post graduation. It’s also a pre requisite to pursue PhD at many Universities.
After clearing this exam, candidates may get a job as an assistant professor in commerce department of the respective college in which he/she has applied.
To rise up the ladder in this career stream, it is recommended to have a PhD down the line to get promoted and stabilize your job.
4. Other Certification courses such as CFA, CPA, ACCA or FRM
OKAY, so you might not be satisfied with your Masters Degree, since it won’t give you an international opportunities.
Driven by these thoughts, many people take up such certifications which increase the international Employability after M.com.
Although these certifications won’t directly help you get a job, they are certainly preferred on resume by recruiters in certain profiles.
If you’re interested in making an international career in Equity Research, Valuations or Portfolio Management, then CFA is a right choice for you.
If you want to take up a job in risk analysis at Commercial Banks or Insurance companies, then FRM can give your career a thrust.
To tap international job opportunities in Accounting, then you can opt for ACCA or CPA.
If your aim is to get a job immediately, then go for Choice 2 or 3. If you can afford to wait few more years before you make a penny, you can go with choice 1 or 4.