M.Com or Master of Commerce is a postgraduate degree. It is come by successful completion of the degree. The duration of this course is 2 years. M.Com provides higher knowledge about economics, commerce, and business. M.Com has been one of the famous choices for B.Com and B.Com (Hons) graduates in India as it offers improved information on business and the executives, which is basic for the smooth working of organizations and associations. Through its broad educational program in the field of trade, banking, account, promoting, the executives, and so forth, the course can clear away for future scientists, instructors, and teachers. M.Com graduates can work in any of the sectors disregarding their background. It is certainly aimed for students who want to become an expert in different fields of banking and finance. Both the government and private sectors provide jobs for M.Com graduates. M.Com course graduates can work as economic advisors, professors, chief managers in companies of their choice disregard of the job sectors. The course provides quality education to the students serving the needs of the managerial tram in business and industry. It also serves the purpose of research and teaching in business studies.
M.Com colleges in India offer an interesting educational program that permits the understudies to pick a mix of center and elective courses, subsequently guaranteeing that each graduate is extraordinarily prepared in various regions, making them more attractive to spotters. While the mineral subjects will widely prepare them in territories, for example, business, bookkeeping, and specialization-explicit preparing. Competitors will be permitted to pick a specialization alongside their M.Com degree, which would make them masters in the field of Commerce. Candidates make a career in banking financial services and insurance (BFSI) as well as accounting and commerce sectors. M.Com is most popular among aspiring teachers/lecturers and researchers.
Eligibility Criteria for M.Com:
- Minimum eligibility: 50% marks in aggregate in BCom or BCom (Honours) or equivalent from a recognized university
- Some universities also induct students who have completed Economics (H), BBA, BFIA and BBE will a minimum score of minimum 60% aggregate or equivalent
- Reserved category students are entitled to marks relaxation of up to 5%
- State-level universities also offer marks relaxation to home students
Admission Process for M.Com:
- Most M.Com colleges in India offer admissions to aspirants based on their merit for the program.
- Candidates will be shortlisted for the course on the basis of them satisfying the M.Com eligibility criteria as specified by the college in concern.
- Most commerce colleges in India offer admissions based on merit, some conduct a University-level entrance exam such as Christ University, Symbiosis College of Arts & Commerce, etc, in order to calculate the merit of the students for the course.
Entrance Exams for M.Com:
- BHU PET
- Delhi University MCom Entrance Exam
- PU CET (PG)
- Allahabad University PGAT
- CUCET
- AUCET
- SRMHCAT
Course Highlights for M.Com:
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Course Level
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Post Graduate
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Full-Form
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Master of Commerce
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Duration
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2 years
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Examination type
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Semester Based Examinations
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Eligibility
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45-50% in graduation from a commerce stream
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Admission Process
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Merit-based/ Entrance-based
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Course Fee
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INR 60,000-1,20,000
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Average Salary
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INR 4-6 LPA
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Top Recruiting Companies
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Accenture, E&Y, Genpact, Tech Mahindra Ltd., HDFC Bank, WNS Global services and others
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Job Positions
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Accountant, Tax Consultant, Bank PO, Accountant, Event Manager, Lecturer, Chartered Accountant, and Human Resource Development, etc.
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Skill Set for M.Com:
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Logical reasoning
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Ability to remember facts and figures
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Strong analytical skills
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Good with computers
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Strength in Mathematics
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Strong verbal and communication skills
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Eye for detail
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Leadership qualities
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Knowledge of banking and finance sector
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Ability to handle pressure (of course as well as work)
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Top Colleges for M.Com:
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NIRF Rank
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College Name
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Admission Mode
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Average Annual Fees
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Average Placement Package
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2
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Hindu College, New Delhi
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Merit Based or Entrance Exam
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INR 30,000
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INR 5 LPA
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3
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Presidency College, Kolkata
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Merit Based
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INR 1700
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INR 3.5 LPA
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6
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Loyola College, Chennai
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Merit Based
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INR 20,000
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INR 5 LPA
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7
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Shri Ram College of Commerce (SRCC), New Delhi
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Merit Based or Entrance Exam
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INR 60,000
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INR 9.48 LPA
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9
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Hansraj College, New Delhi
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Merit Based or Entrance Exam
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INR 35,000
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INR 5.5 LPA
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13
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Madras Christian College, Chennai
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Merit Based
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INR 30,000
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INR 3 LPA
|
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39
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St. Joseph’s College, Bangalore
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Merit Based
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INR 1,50,000
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INR 3 LPA
|
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58
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Stella Maris College for Women, Chennai
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Merit Based
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IN 40,000
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INR 4 LPA
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87
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Sri Guru Gobind Singh College of Commerce, New Delhi
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Merit-Based/ Entrance Exam based
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INR 30,000
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INR 6 LPA
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Distance Education for M.Com
One of the best things about MCom is that students have the option to pursue it through correspondence or through distance learning.
Distance Education Universities/Colleges for M.Com
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Name
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Location
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Average Fees
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IGNOU
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New Delhi
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INR 7000
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SRM University (Distance Education)
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Chennai
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INR 16,000
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IDOL Mumbai University
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Mumbai
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INR 12,000
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SOL Delhi University
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New Delhi
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INR 10,000
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LPU Distance Education
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Jalandhar
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INR 38,000
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Mahatma Gandhi University, School of Distance Education
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Kottayam
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INR 5000
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Annamalai University Distance Education
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Annamalai
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INR 7000
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Karnataka State Open University (KSOU)
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Mysore
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INR 13,500
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Syllabus for M.Com:
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MCom Compulsory Subjects
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Accounting and Managerial Decisions
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Business Environment
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Computer Applications in Business
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Corporate Financial Accounting
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Corporate Legal Environment
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Corporate Tax Planning
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E-Commerce
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Economics of Global Trade and Finance
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Financial Management
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Management Concepts and Organization Behaviour
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Managerial Economics
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Marketing Behaviour
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Statistical Analysis
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Strategic Management
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The common elective subjects and courses in Master of Commerce.
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MCom Elective Subjects
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Banking and Finance
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Entrepreneurial Management
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Commercial Bank Management
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Financial Bank Management
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Financial Markets
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Human Resource Management
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International Finance
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Investment Management
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Research Methodology in Commerce
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Income Tax
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Specializations for M.Com:
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MCom (Taxation)
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MCom (Economics)
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MCom (Mathematics)
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MCom (Accounting)
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MCom (Accounting & Finance)
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MCom (Statistics)
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MCom (Banking)
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MCom (Finance)
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MCom (Banking and Finance)
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MCom (Finance & Control)
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MCom (Marketing)
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MCom (E-Commerce)
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MCom (Business Management)
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MCom (Computer Application)
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Career Options and Job Prospects for M.Com:
After graduating from B.Com, many students opt for M.Com as the combination of the two degrees results in an enhanced resume for the candidate. B.Com students keen for higher studies can also go for MBA, LLB, and much more. After successfully completing M.Com aspirants can find jobs both in the government and the private sector.
Top job profiles:
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Accountant/Senior Accountant
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Finance Manager
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Finance Executive
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Financial Analyst
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Assistant Manager
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Accounts Executive
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Cashier/Teller
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Cost Accountant
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Chartered Accountant
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Company Secretary
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Bank Manager
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Risk Analyst
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Business Analyst
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Marketing Manager
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Securities Analyst
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Investment Banker
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Share Broker
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Bank Executive
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Wealth Manager
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Market Analyst
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Trader
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Entrepreneur
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Teacher
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Lecturer
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Researcher
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Finance Consultant
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Auditor
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Insurance Agent
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Job Profile
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Job Description
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Average Package
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Account Assistant
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This includes maintaining ledgers, assisting customers, preparing and distributing checks, and basic bookkeeping work.
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INR 2.20 LPA
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Cost Accountant
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They usually perform routine analyses to help determine the type of operations and materials that are most cost-effective for the office or their organization.
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INR 5.16 LPA
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Business Consultant
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Their role is to analyze the market, product lines and the overall profitability of the business.
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INR 9.86 LPA
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Investment Banker
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They basically help their clients to raise money in the capital market by issuing debt or selling their equity in the companies.
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INR 9.4 LPA
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Marketing Manager
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They are responsible for developing, implementing, and executing the marketing plans of the organization.
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INR 7.17 LPA
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Operations Manager
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They deal with the hiring procedures, setting up of targets, team management, and alike.
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INR 7.8 LPA
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Finance Consultant
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They help their clients in meeting their short and long-term goals by advising them on tax planning, investment and retirement planning, and others.
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INR 3.6 LPA
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Stock Broker
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Stock Brokers usually deals with stocks and performs financial services for the company
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INR 3.50 LPA
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Assistant Professor
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They are usually employed in institutes and colleges and teach the younger generations everything about commerce and conduct research at the same time.
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As per Govt. Standards
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Top Recruiters:
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SBI
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Punjab National Bank
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ICICI Bank
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Citibank
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HDFC
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Pricewaterhouse Cooper
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RBS
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Deloitte
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IndusInd Bank
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KPMG
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Ernst & Young
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TFC
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