There are a good number of career roles available after M.Com. The M.Com students are hired in different job roles across various sectors. There are ample job opportunities available after M.Com.
The present article tries to explain some of the important job roles available after M.Com course.
Chartered Accountant
The Chartered accountants are responsible to give advice, audit accounts and provide trustworthy information about the financial records of an organisation or individuals.
Role of the Chartered Accountant:
The chartered accountants are also involved in different areas like financial reporting, taxation, auditing, forensic accounting, corporate finance management, business recovery and insolvency, accounting systems and processes.
The Chartered Accountants work in a range of organisations that includes public firms, private organisations, non-profit organisations, NGOs, schools, colleges and universities, etc. The main aim of the Chartered Accountant is to work strategically and maximise the earnings and profits on behalf of the clients or employers.
Responsibilities of a Chartered Account:
As the Chartered Accountant one is responsible to:
- Manage financial systems
- Undertake financial audits of the clients or the organisations
- Provide proper financial information and advice for the clients or the employers
- Maintain accounting records and prepare accounts and management
- Advise the organisations on major business transactions such as mergers and acquisitions
- Generate annual financial reports of taxation for the individuals and organisations
- Produce reports and recommendations for business improvements based on the internal reports of audits or public sector audits
Salary and Emoluments
The fresh M.Com students will be easily earning around 8 lakhs to 10 lakhs per annum as a Chartered Accountant. The experienced professionals will be earning around 10 lakhs to 20 lakhs per annum.
Actuarial Analyst
The actuarial analysts mainly use statistical formulas to assess the risk especially in life insurance companies. They are responsible to make computational analysis of the clients based on their age and health condition to determine the premiums for various policies offered by the organisation.
