15 Best Career Options After B.Com (BACHELORS IN COMMERCE)
A bachelor of commerce is an undergraduate degree in which the student is taught about commerce and its related subjects. This degree is mostly awarded in India, Ireland, South Africa, New Zealand, etc. B.com degree is no longer offered in the United Kingdom. The Bachelor of Commerce degree is designed to provide students with a wide range of managerial skills while building competence in a particular area of business. Most universities, therefore, plan the degree such that in addition to their major, students are exposed to general business principles, taking courses in accounting, finance, business management, human resources, marketing, and economics; some programs also require business statistics and information systems. B.Com is the second most popular under graduate course for in the Commerce branch. Let’s look at 15 best career options after bachelors in commerce :
1. MBA (FINANCE)
MBA stands for masters in business management. Nowadays it is the most common and approachable course for almost every graduate. MBA has various fields under it ranging from human resource management to finance. A degree holder in B.COM is eligible for MBA in finance. MBA in finance will focus on finance, management, leadership etc. A good career in MBA mostly depends on the credibility of the institute it is pursued at. If you are an IIM student, then success will follow you to your doorsteps but doing an MBA from an ordinary or a less renowned institute, might not add much value to your resume. The first step for an MBA is the CAT (Common Admission Test) exam. CAT scores determine your eligibility in almost all the top MBA institutes
Top recruiters- Amazon, JP Morgan, Commercial banks, Microsoft, Accenture etc.
AVERAGE SALARY PACKAGE: 6 LACS TO 12 LACS
2. LAW (CORPORATE)
Commerce graduation would be a great graduation base when it comes to pursuing law. After b.com you can step into law and after that, you can go ahead in cooperate law, or you may join any law firm too. A corporate lawyer is a person responsible for managing business decisions in a legal way. There are many law schools in India which provide the best education. Top recruiters: Shardul Amarchand Mangaldas And Co, Luthra and Luthra etc.
AVERAGE SALARY PACKAGE: 12 LAC TO 18 LAC.
3. Business accounting and taxation.
The biggest problem for B.Com freshers is that they require some work experience to pursue a career in either finance or accounts. Without the experience, they are left with options like BPOs, back office or sales. the course has been well researched and designed to give you a practical understanding of accounting, taxation, reporting, and compliance, all the skills that are a mandate for accounting firms (Big 4s), KPO and other hardcore finance and accounting profiles. It’s designed by top-class charted accountants and has a requirement in almost every sector mostly. India has a rising employment need plus it gives a tremendous hike in the salary.
Top recruiters- Genpact, Bajaj, adobe etc.
AVERAGE SALARY PACKAGE: 3 LACS TO 10 LACS
4. CHARTED ACCOUNTANCY
The most suitable career option taken by most students is charted accountancy. CA exams are conducted by the Institute of Chartered Accountants. There are four steps under charted accountancy.
After all the above exam clearance then charted accountancy is pursued.
Top recruiters- HDFC, EY, DELLIOTE, TATA etc.
AVERAGE SALARY PACKAGE: 3 LACS TO 5 LACS.
5. ACTUARIAL SCIENCE
Actuarial science is the discipline that applies mathematical and statistical tools to assess and control risk in finance, insurance, investing etc. in India people were not much aware of this course. Few universities give this course. After b.com one can pursue this in the master’s level. There is immense growth in this sector.
Top recruiters- HSBC, DELOITTE, KPMG etc.
AVERAGE SALARY PACKAGE: 15LACS TO 18 LACS
6. GOVERNMENT JOBS
After b.com one can pursue both public and private sector jobs. There is enough scope in the public sector after b.com. one can appear for exams such as UPSC, IBPS, SBI PO, etc.
Banking exams are held and one can qualify accordingly. Being in the government sector is a dream. Bachelors in commerce has a wide scope in the government sector. Government job is a milestone and provides fixed working hours with high value, and other luxuries too.
The easiest option available after completion of b.com is to get stepped into banking. Banking is the most promising career option for any b.com graduate. A student of B.Com, you can get placed as a sales executive for loans, mortgages, and insurance with any of the leading banks. Top recruiters- PNB, AXIS BANK, HDFC etc.
AVERAGE SALARY PACKAGE: 4.5 LACS TO 6 LACS.
The ACCA Diploma IFRS has been developed by The Association of Chartered Certified Accountants (ACCA) global. Diploma in International Financial Reporting (Diploma IFR) is for finance professionals who need to acquire more a detailed understanding of IFRS.
International Financial Reporting Standards (IFRS) are accounting standards and principles set by the International Accounting Standard Board (IASB) and are becoming global standards for preparation of financial statements. Most countries are converging their standards towards IFRS or adopting IFRS as they are, to enable uniform reporting.
9. M. COM
After finishing b.com surely most of the students try to pursue m.com further. M.Com is a program that focuses on a systematic study of Accounting, Business, Finance, Economics, Statistics, Taxation, Marketing and Management. M.com is a two-year course, and it is a valuable course. In India, there are many respective institutes which provide this course and recruiters offers a high package too.
10. COMPANY SECRETARY
After pursuing b.com one can surely get enrolled in company secretary. A company secretary is a senior position in a private sector company or public sector organization. Company secretaries in all sectors have high-level responsibilities including governance structures and mechanisms, corporate conduct within an organization’s regulatory environment, board, shareholder and trustee meetings, compliance with legal, regulatory and listing requirements, etc. career in CS has a broad and fruitful option. After holding bachelors in commerce one can look forward to CS as it is comparatively easier than CA.
TOP RECRUITERS- KPMG, JP MORGAN etc.
AVERAGE SALARY PACKAGE: 6 LACS TO 8 LACS
11. CHARTED FINANCIAL ANALYST
The US CFA Program is a globally recognized graduate-level Course which helps you in developing an understanding of investor’s interests, financial markets functions, and skills to grow the economies. This course provides a strong foundation for investment analysis, risk management and portfolio management skills combined with the practical knowledge that you will need in today’s investment industry. It also focuses on the highest ethical and professional standards that are required to be followed.
A candidate who successfully completes this program is declared as ‘CFA charter holder’. There are over 1.2 LAC CFA members across 35 countries in the world. In India, the CFA exam is held at four cities of India, New Delhi, Bangalore, Kolkata and Mumbai. Top recruiters JP MORGAN, UBS, BANK OF AMERICA etc.
AVERAGE SALARY PACKAGE: 6.5 LACS TO 18 LACS.
12. CERTIFIED MANAGEMENT ACCOUNTANT
In today’s highly competitive world, employer’s preferred choices are those candidates who have the perfect balance of knowledge and business skills. Integrate your knowledge of Accounting and Finance with Business Management Skills with the US – CMA certification.
If you are an Accounting or Finance professional, aiming to become Master of Advanced Accounting Skills and are required to manage finance functions within an organization or outside, the US – CMA certification is an excellent course for you.
The US – Certified Management Accountant (CMA) designation is a highly respected professional designation by the Institute of Management Accountants (IMA). IMA is a US-based global association for accountants and financial professionals working to drive business performance. The CMA designation provides an objective measurement of an individual’s knowledge and competence in the field of management accounting and financial management. CMA is an amazing opportunity for students as well as professionals in accounting & finance who are looking at a significant career progression.
Top recruiters– cognizant, KPMG International, DHL.
AVERAGE SALARY PACKAGE: 5 LACS TO 8 LACS
13. FINANCIAL RISK MANAGER
Financial Risk Manager (FRM) is a globally recognized certification for finance and banking professionals by Global Association of Risk Professionals (GARP, USA). FRM will open doors to lucrative career options in risk management, trading, structuring, modelling and more. Financial risk managers specialize in the fields of market risk, calculation, trading, sales etc. this is course is internationally acclaimed and has an examination to qualify. Top recruiters are ICBC, KPMG, CITI GROUP etc.
AVERAGE SALARY PACKAGE: 10 LACS TO 18 LACS.
14. DIGITAL MARKETING
Digital marketing is the hottest and most trending career option. Digital marketing has impacted almost every sector and so there is a rapid demand for the course. Top recruiting houses such as Amazon, Dell, Accenture etc select such candidates on a large scale. Qualification required is graduation and course is mostly for short duration.
AVERAGE SALARY PACKAGE: 4.5 LACS to 8 LACS.
15. CERTIFIED PUBLIC ACCOUNTANT
USA CPA course is number ONE charted accounting designation in the world. This qualification is provided by AICPA (American Institute of certified public accountants). The member base of AICPA is in more than 126 countries. CPA exam can be given after B.com. after the qualification of CPA, you can easily work as a certified public accountant which is an internationally acclaimed degree. This gives you a highly recognized degree which gives you hike in your salary too. Top recruiters- JP
Morgan, Delloite, etc.
AVERAGE SALARY PACKAGE: 7 LACS TO 20 LACS
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