Are you an M.Com student, trying to get out there in the job market? You studied commerce, and finance and learned about business for years, but are you equipped with the necessary skills that could get you a job?
Many graduates are out there with strong theoretical knowledge but still struggle to get their hands on a job, it’s because they lack skills which are in demand.
In today’s world, there is a huge competition in the job market and just getting a degree won’t get you very far. Employers prefer candidates who not only hold good knowledge but also know how to apply that knowledge to practice.
In this blog, we’ll explore some of the top high in demand skills you need, to become industry-ready and increase your chances of landing a great job.
Why Industry-Ready Skills Matter for M.Com Students?
If you equip yourself with the right skills you can access better career options after an M.Com Degree, that’s because companies are looking for commerce graduates who can solve real-world problems.
Let us look at the top 5 skills that will make you ready for the real world.
Top 5 Skills for M.Com Students
Technical & Financial Skills
As you know, finance and accounting are the backbone of any business and it takes a good proficiency of financial software to analyse and manage big data.
What You Need to Learn:
- Accounting software like Tally, SAP, QuickBooks
- Taxation laws (GST, Income Tax)
- Financial analysis and budgeting
- Excel (advanced functions for financial modelling)
You can develop these skills by taking online courses in tally, GST and financial modeling.
Doing an internship and practising excel-based financial calculations with real data will also help.
Analytical & Problem-Solving Skills
A business has big data at its disposal which needs to be taken care of to make smart decisions. Companies are looking for graduates who can analyse trends and interpret numbers to make smart decisions.
Why does it matter? you may ask. Well, a company’s ability to analyse financial reports and predict trends helps it stay ahead of its competition.
What You Need to Learn:
- Data interpretation
- Business case studies
- Financial forecasting
Working on real-world business problems through case studies, following financial news and analysing market trends can help you develop these analytical and problem-solving skills. Learning data analysis tools like Power BI and Tableau will also help you become industry-ready as an M.Com student.
Communication & Presentation Skills
Having great communication skills is a must for any industry you work in. An M.Com student needs to write reports, give presentations and interact with clients. So, even if you have strong technical knowledge but can’t communicate your ideas clearly, you can’t go very far.
Employers prefer candidates who can present financial insights in a simple and clear manner.
What You Need to Learn:
- Business email writing
- Report writing and financial presentations
- Public speaking and negotiation skills
Join a public speaking club, practise writing professional emails and reports, and watch business presentations to improve your communication and presentational skills.
Business & Industry Awareness
Understanding how businesses and industries function gives you an edge over other candidates. Employers expect M.Com students to stay updated with financial news and economic trends.
If you know how the market works, you can make better financial decisions and offer valuable insights.
What You Need to Learn:
- Economic trends and business strategies
- Stock market and banking sector updates
- RBI and SEBI regulations
Read business newspapers like The Economic Times, follow RBI and SEBI updates online and participate in discussions about current business trends.
Soft Skills & Adaptability
Professionals who can work in teams, handle pressure and adapt to new environments are valued in the corporate world.
You need to interact with clients and build strong professional relationships. Soft skills help you work efficiently in a corporate setting.
What You Need to Learn:
- Teamwork and leadership
- Time management and organisation
- Adaptability and willingness to learn
You can develop these skills by taking up leadership roles in college projects, managing your time effectively and learning new skills regularly.
How to Build Industry Ready Skills While Studying?
You don’t have to wait until you graduate to develop these skills to become job ready. Here are some ways you can start right now. Internships are the best way to develop and hone skills.
Internships help you gain real-world experience. Choose a finance, banking or accounting role to develop a great set of skills.
Another way you can develop skills that pay off is by doing certification courses like GST Practitioner, CFA Level 1 or Financial Modeling.
Doing live projects is another great way to improve analytical and decision-making skills. Networking also helps, attend seminars and webinars to connect with industry experts.
Conclusion
Being an M.Com student is not just about earning a degree; it’s about preparing for the real world. Developing these top skills will not only help you secure better career options after M.Com but also make you a confident and capable professional.
Start working on these high-in-demand skills today, and set yourself apart in the job market. Remember, your degree gives you knowledge, but your skills will get you hired!
Read Also – How To Break Tech Boundaries As A BBA Grad
