Upon completing a Masters of Commerce (M.Com), individuals often find themselves at a crossroads, considering various career paths available at the postgraduate level. Serving as the cornerstone of the Commerce stream, M.Com is a two-year program aimed at delving deeper into the subjects introduced during a Bachelor of Commerce (BCom) degree. This postgraduate course equips students with advanced knowledge across disciplines such as Accounting, International Business, Business Environment, Finance, Banking, Management, and Insurance.

However, the sheer breadth of specializations within the field can pose a challenge for M.Com graduates when it comes to selecting a career trajectory. The quest for lucrative Government jobs after M.Com is further compounded by the multitude of alternative fields vying for attention. This blog provides top government jobs after M.Com.

M.Com offers diverse specializations paving the path to various well-paid career avenues. Here are some sought-after specializations along with corresponding job prospects:

1. Finance: An M.Com degree specializing in finance opens doors to roles such as banker, management consultant, stockbroker/trader, Actuary, or Financial analyst.

2. Banking and Insurance: Opting for Banking and Insurance as a specialization in M.Com leads to opportunities as an Internal Auditor, Development Officer, Insurance Manager, Investment Analyst, Loan Counsellor, or Loss Control Specialist.

3. International Accounting: Pursuing International Accounting as a major in M.Com equips individuals for roles as accountants in international firms, offering a global perspective.

4. Economics: M.Com graduates with a focus on Economics can explore careers as Economists, Market Research Analysts, Credit Analysts, Statisticians, Financial Analysts, or even lecturers.

5. Taxation: Those specializing in Taxation within M.Com can venture into roles as financial advisors or Advisors to Tax Law Courts. Additionally, opportunities exist for financial analysts, tax accountants, or tax consultants.

These specialisations not only broaden ones knowledge base but also enhance employability in respective fields, offering a rewarding career trajectory post-M.Com.

Career After M.Com

1. IBPS PO

The Institute of Banking Personnel Selection Probationary Officers (IBPS PO) exam is an annual recruitment process aimed at selecting candidates for the position of Probationary Officer/Management Trainee (PO/MT) in 11 Public Sector Banks in India. This comprehensive examination, known as IBPS CRP PO/MT, comprises a preliminary exam, a mains exam, and an interview.

The banking industry, renowned for its stability and growth opportunities, attracts significant interest as one of the top government jobs after M.Com. The role of Probationary Officers/Management Trainees (PO/MT) in public sector banks is particularly sought after due to the promising prospects of career advancement and an enticing salary structure.

2. SBI PO

The State Bank of India (SBI) conducts the SBI PO exam annually to select qualified candidates for the position of Probationary Officer. This prestigious examination garners a large number of applications, and only a select few are chosen based on the available vacancies. The SBI PO exam is renowned as one of the most sought-after banking examinations in the country. Successful candidates are appointed as Probationary Officers across various branches of the bank, enjoying the benefits of a comprehensive selection process consisting of three phases: Prelims, Mains, and a Psychometric Test, followed by Interview & Group Exercises.

Notably, approximately 10 lakh candidates apply for the SBI PO exam each year, making it one of the top government jobs after M.Com. This reflects the widespread appeal of this opportunity. SBI, being a prestigious institution, offers competitive salaries and job security to its employees, drawing a significant influx of candidates applying for various exams conducted by the bank.

In the year 2022, SBI introduced some noteworthy changes in the recruitment process for PO. The introduction of a Psychometric Test before the group exercises and interview added a new dimension to the examination pattern. This test is qualifying in nature. Additionally, there was an increase in the application fees for General/EWS and OBC categories from INR 600 to INR 750, while for SC/ST/PWD candidates, the fee remained at INR 125, with exemptions for the latter category.

Choosing SBI PO as a career is highly regarded for several reasons:

3. RBI Grade B

The Reserve Bank of India administers the RBI Grade B recruitment to directly appoint Grade B Officers in Combined Seniority Group (CSG) streams. As the central bank of the nation, the RBI annually conducts recruitment exams to fill various positions, and the RBI Grade B exam stands out as a significant opportunity for those aspiring to pursue a career in the finance sector. Given the organisations reputation for providing an excellent pay scale and enticing job profiles, a considerable number of candidates actively participate in this examination.

Successful candidates through the RBI Grade B recruitment find placement in the following departments:

The RBI Grade B exam is not only popular but also highly competitive, given the promising career prospects and the chance to contribute to critical areas within the central banking system.

4. SBI Clerk

Among others, this is another prominent one of the top government jobs after M.Com. The State Bank of India (SBI) conducts the SBI Clerk exam annually to enlist candidates for Clerical Cadre posts, specifically for the role of Junior Associate (Customer Support and Sales). This recruitment drive attracts a substantial number of graduate candidates who aspire to take on responsibilities as cashiers, depositors, and other vital roles that represent the forefront of a particular SBI Bank branch.

The selection process for the SBI Clerk exam comprises two stages: preliminary and main exams. Notably, candidates applying for vacancies in a specific state are required to possess proficiency (reading, writing, speaking, and understanding) in the locally specified language of that State/UT/Special area. A test assessing knowledge of the specified local language is a crucial component of the selection process. This test is conducted after successfully clearing the online main examination but before officially joining the Bank. Candidates who do not qualify for this language proficiency test will not receive an appointment offer.

Individuals selected through the SBI Clerk (Junior Associate) examination play a pivotal role in client interactions and related operational activities within the bank. Their primary designations include roles such as cashiers and depositors, contributing significantly to the efficient functioning of the bank branches.

5. IBPS Clerk

The Institute of Banking Personnel Selection (IBPS) orchestrates a Common Recruitment Process (CRP) annually to appoint candidates for clerical cadre positions in public sector banks across India. Scores obtained in the CRP are employed by public sector banks to select candidates for various branches, presenting a valuable opportunity for individuals aspiring to forge a career in a nationalized bank. The IBPS Clerk exam consists of two levels: preliminary and main exams. Successful candidates securing a place through IBPS Clerk enjoy an attractive salary package and additional benefits.

Functioning as an autonomous body, IBPS conducts the Clerk exam every year. It takes charge of organizing online prelims and mains exams, announcing results, and notifying shortlisted candidates about their selection.

Prospective candidates are required to submit online applications for the IBPS Clerk exam after carefully reviewing the advertisement, which provides information on examination processes, provisional allotment, eligibility criteria, online registration procedures, payment of prescribed application fees, exam patterns, issuance of call letters, and more. Candidates must ensure they meet the specified criteria and adhere to the prescribed processes outlined in the advertisement.

Conclusion

In conclusion, navigating the diverse career landscape after completing a Masters of Commerce (M.Com) requires strategic decision-making and an understanding of the myriad opportunities available. M.Com, as the cornerstone of the Commerce stream, opens doors to a spectrum of specialisations, each offering a unique trajectory for career growth. From Finance to Banking, International Accounting to Economics, and Taxation, these specialisations not only enrich ones knowledge base but also enhance employability in their respective domains.

Moreover, delving into competitive examinations like IBPS PO, SBI PO, RBI Grade B, SBI Clerk, and IBPS Clerk adds another layer of potential career avenues, especially in the dynamic banking sector. These examinations, known for their rigorous selection processes, offer the promise of stability, growth, and lucrative salaries. SBI, with its brand value and coveted positions, stands out as a prestigious choice, while RBI Grade B provides an opportunity to contribute to critical areas within the central banking system.

For those inclined towards clerical roles, the IBPS Clerk and SBI Clerk exams serve as gateways to positions that form the face of nationalized banks. The autonomy and comprehensive selection processes orchestrated by IBPS and SBI make these positions highly sought after, providing candidates with attractive salary packages and additional benefits.

As individuals stand at the crossroads of postgraduate opportunities, the key lies in informed decision-making, aligning ones strengths and interests with the plethora of options available. The aforementioned 5 top government jobs after M.Com will guide you and will help you make a better decision. You can also check out Rozgar.com for all the jobs related to M.Com I both government and private sectors.

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