Are you considering pursuing an MCom after completing your graduation? Here, you will find important information about the MCom salary, job description, and scope. This will help you make an informed decision about your career planning. 

MCom refers to the Master of Commerce, a two-year postgraduate course that helps students learn in-depth topics in accounting, economics, and finance. Various industries in which an individual can get a job after completing MCom are banks, financial institutions, businesses, teaching, government service, and much more. Now, let’s explore what you can expect in terms of earnings after completing your MCom, along with the career growth, scope, and opportunities. 

Typical MCom salary in India!

The typical MCom salary in India ranges from 2.5 Lakhs to 6 Lakhs per year in the initial year. However, the average starting salary is 3 to 4 Lakh per year. 

Key salary insights: MCom Salary in India 

• Freshers with 0 to 1 year of experience earn Rupees 2.5 to 3 Lakh per year. 
• Mid-level professionals with 3 to 6 years of experience are earning Rupees 3 to 6 Lakh per annum. 
• Experienced professionals with 6 to 9 years of experience are earning between 3.4 lakh and more than 15 Lakh per year. 
• Monthly average earnings: It is quite common to earn between 25,000 and 50,000 rupees. However, a senior can earn more than 1,00,000 per month. 

Breakdown by Role: Mcom salary in India per month!

The MCom salary in India heavily depends on the specific role and your chosen industry. Here, you will learn about the earnings of some MCom graduates.

• Accountant

After becoming an accountant, you will be able to generate money from 25K to 50K per month. You will be responsible for maintaining financial records and preparing balance sheets while complying with financial regulations. However, if you work in a large company or firm, your salary can be high depending on your responsibilities. At the same time, with the level of experience and expertise, you will be able to earn more.

• Financial Analyst

A financial analyst can make around 40k to 80k per month. The responsibility of a financial analyst is to evaluate financial data, make forecasts, or help a range of businesses. A financial analyst works across a range of industries, including investment, banking, and corporate finance.

• Investment Banker

If you’re working as an investment banker, you can earn 70K to 1.5L per month. As an investment banker, your duty is to help businesses raise or invest capital, provide advice on mergers and acquisitions, and manage their transactions. In addition to an MCom, you will need additional certifications to become an investment banker.

• Various banking jobs

You will be eligible to perform various banking roles with a salary package of around 50k to 1L PM. Generally, Mcom graduates work as probationary officers in private or government banks, and their roles include managing customers’ accounts, handling loans, and performing other banking functions.  

After completing MCom, you can also choose to become an Income Tax Officer, Bank Probationer Officer, Assistant Audit Officer, assistant professor, or commercial tax officer, especially if you are interested in a more stable or prestigious career.

Bottom line!

MCom offers many opportunities and career options, as discussed above. Therefore, you can begin pursuing a 2-year MCom degree now to advance your career.