Top industries you can work in after online MCom

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Do you know there has been a significant increase in the demand for jobs in the insurance sector, financial services, and banking in recent years? There was a substantial growth of approximately 27% in 2022 as compared to 2021 in the BFSI (Banking, Financial Services, and Insurance) Industry in some cities of India, with Jaipur, leading the list, followed by Pune, Mumbai and Bangalore.

This is because MCom professionals bring to the table their strategic insights, financial acumen, and adaptability to dynamic market conditions and digitalization going on in the finance sector.

The industry demand for MCom professionals is a never-ending scenario because these people are equipped with the skills to analyze financial data and make informed decisions to contribute to organizational growth. Join us to explore the top industries you can work in after an online MCom degree course.

Related Source: https://timesofindia.indiatimes.com/business/india-business/demand-for-jobs-in-banking-finance-spur-beyond-pre-pandemic-levels-jaipur-sees-highest-growth/articleshow/90359658.cms

Industry demand for MCom graduates

Professionals with a strong finance background continue to be in high demand across various industries globally. With a comprehensive understanding of financial principles, advanced analytical skills, and strategic management, MCom graduates can make way for a bright career in accounting, finance, management, and banking. Chartered Accountant, Financial Analyst, Economist, Auditor, Data Analyst, Management Consultant, and Risk Analyst are some of the bright career opportunities after online MCom.

The table below will acquaint you with an approximate salary per annum earned by finance professionals after pursuing an online MCom:

*Finance Professional Role*	*Approximate Salary (Per Annum)*
Chief Executive Officer	INR 11 lakh – INR 56 lakh per annum
Financial Analyst	INR 9 lakh – 21 lakh per annum
Marketing Manager	INR 9 lakh – INR 20 lakh per annum
Investment Banker	INR 8 lakh – INR 23 lakh per annum
Tax Consultant	INR 6 lakh – 7 lakh per annum
Bank Manager	INR 7 lakh – INR 25 lakh per annum
Business Analyst	INR 7 lakh – INR 20 lakh per annum
Accountant	INR 4 lakh – 15 lakh per annum
Auditor	INR 4 lakh – 11 lakh per annum
Insurance Manager	INR 4 lakh – INR 9 lakh per annum

In-demand industries for MCom graduates

The skills gained through online MCom programs from universities like Sikkim Manipal University open a gateway to career opportunities for an individual. Master of Commerce graduates find themselves in high demand across diverse industries. On one hand, the financial sector, including banking and investment, seeks the analytical prowess of these graduates. Then on the other hand, the rapidly growing e-commerce has propelled finance graduates into pivotal roles.

The table below will give you an idea about the lucrative job opportunities in various top industries for online MCom graduates:

*Industry*	*Skills of MCom Graduates*	*Job Roles*
E-Commerce	Financial management skills and an understanding of e-commerce business models are part of the core curriculum of the MCom degree course. Hence, MCom graduates are the best fit for the E-Commerce industry.	E-Commerce Manager, Digital Marketing Specialist, Customer Experience Analyst, Supply Chain Coordinator
Banking and Financial Services	During the online MCom program, individuals acquire strong banking and financial analytical skills, which make them apt to take up the best job roles in the banking and financial sector.	Investment Banker, Risk Analyst, Financial Analyst, Relationship Manager
Accounting and Finance	MCom degree program gives individuals an opportunity to hone their accounting, auditing, and taxation skills. This makes them the best fit for the accounting and finance sector.	Chartered Accountant, Auditor, Tax Consultant, Financial Analyst
Supply Chain and Logistics	Empowered with the skills to understand cost optimization, budgeting, and the entire supply chain process, an MCom graduate can easily sail smoothly in the supply chain and logistics sector.	Logistics Coordinator, Supply Chain Manager, Operations Analyst, Procurement Specialist
Market Research and Analysis	MCom graduates acquire stron data analysis skills and critical thinking skills, which make them apt candidates for various job roles in the market research and analysis industry.	Data Analyst, Market Research Analyst, Competitive Intelligence Manager, Business Intelligence Specialist
Manufacturing	Budgeting, financial analysis, cost accounting, and supply chain management are the key skills that an MCom graduate can use to shine bright in a job in the manufacturing industry.	Cost Accountant, Production Manager, Supply Chain Planner, Quality Control Analyst
IT	There is a good career scope for Master of Commerce graduates in the IT sector owing to their brilliant financial analysis, risk management, resource allocation, and budgeting skills.	IT Consultant, Data Scientist, Systems Analyst, Business Analyst
Sports	An individual with an MCom degree in hand can easily rule the sports industry with his/ her effective financial planning, budgeting, and negotiation skills.	Sports Marketing Manager, Sports Event Coordinator, Athlete Manager, Sports Analyst

Benefits of pursuing online MCom

After going through the various job prospects for online MCom graduates, it is time you learn about the other benefits of pursuing online MCom. So, have a look at the following benefits of pursuing a Master of Commerce course online:

Flexibility: The prime benefit of pursuing an online MCom degree course from universities like Sikkim Manipal University through the Online Manipal platform is that it offers unmatched flexibility. Students can balance their academic pursuits with their professional and personal commitments.

Cost-Friendly: Pursuing an online MCom course instead of a campus course means saving a lot of money that otherwise goes wasted commuting, living on campus, and other similar expenses associated with physical classes. So, those with financial restrictions can easily continue their higher education with an online MCom degree course.

Wide Resources: Simultaneously, those who pursue MCom online instead of a traditional campus course can avail of wide resources through an interactive learning environment. For instance, Sikkim Manipal University offers online MCom through a dedicated Learning Management System (LMS), making students digitally literate and capable of gaining insights through virtual study groups and resources.

Self-Paced Learning: The ultimate benefit of doing an MCom online is that it gives you the freedom to study at your own pace. Instead of a regular classroom setup, one can decide the time to study, submit assignments, and give assessments within the broad timelines of the university from where one pursues this online course.

Global Exposure: Last but not least, studying MCom online means grabbing the golden opportunity to interact with peers from across the globe. It allows you to interact virtually with classmates from different countries and share and receive knowledge about global scenarios.

Conclusion

In short, no matter whether the economies are crashing or the organizations worldwide are growing, the role of a financial professional is always in demand for the success of a business. The success stories of online MCom alumni can help you get an assurance that if you are planning to pursue this course from Sikkim Manipal University, you are on the right track. SMU’s online MCom program is a well-crafted course aiming to provide students with the right set of skills needed to thrive in a highly competitive global market. Enroll now and become a part of the glorious Manipal alumni network. Affordable fee structure, comprehensive course curriculum, expert faculty, and full placement assistance are some of the key benefits you will reap by pursuing an online MCom course from Sikkim Manipal University through the Online Manipal platform.

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