“What to do after B.Com?”
How many of you wonder which are all the best career options after B.Com? Bachelor of commerce or B.Com is among the most popular graduation courses that students take after completing their school. In today’s day and age, getting a B.Com degree is compulsory for a commerce student, but it is not enough. It is not easy to find high paying jobs for B.Com graduates. One has to take up post-graduation or professional certificate to have a well-established career after completing their B.Com degree.
There are several career options available to students after completing a graduate degree in B.Com, but not all students are aware of the different routes they can take to establish a successful career. Let’s discuss the available career options after B.Com that you might consider for a stable job opportunity in the future.
Below is a list of some great courses after B.Com that you can opt –
Best Career Options After B.Com
1. Master of Business Administration (MBA)
MBA is the most popular course available for students, not just graduating from commerce but any other field. In this course, you learn to manage all the aspects of a business based on the specialization you choose.
For MBA, you need to clear CAT or Common Admission Test. Your CAT score determines which college you get into. It is one of the best career options after B.Com. It’s recommended to do MBA after completing 2-3 years of work. If you can’t be able to do full-time MBA because of various reasons, you can take MBA course from NMIMS & upGrad. Various multinational companies hire fresh MBA graduates, and the starting salary ranges from 5 lakhs per annum to 25 lakhs per annum based on the Institute you graduated from.
According to payscale, the average salary of MBA graduates is 7.2 LPA in India.
List of popular companies for MBA graduates:
2. Chartered Accountancy (CA)
The first course that generally comes to the mind of a commerce student as a career option is CA. CA is one of the best career options after B.Com. Unlike an MBA, students can enrol for CA right after completing high school. CA comprises three stages, namely CPT, IPCC, and CA Finals. Clearing all three stages along with an internship of 2.5 years makes you a certified chartered accountant.
The duration of this course is three years, and this course can also land you jobs in multinational companies like EY or Deloitte. You can also open your own CA firm and practice your degree.
Average salary of CA graduates is Rs. 7.9 LPA in India
Top employers for CA graduates:
3. Company Secretary (CS)
A company secretary degree involves the study of law in the corporate field. This degree is also 3 years long and comprises three stages, namely Foundation, Intermediate, and Finals. The starting salary in this course ranges from 4 to 10 lakhs per annum.
4. Master of Commerce (M.Com)
M.Com is the master’s course in commerce. This degree is 2 years long in duration and can be attained through any government recognized university or college in India. This course helps you master the concepts you learned as a B.Com student and apply it in the professional world.
Average salary of M.Com graduates is Rs. 3.7 LPA
List of top companies hiring M.Com graduates:
5. Chartered Financial Analyst (CFA)
CFA is a course with a duration of 2.5 years and is offered by CFA Institute in America. It is considered the highest standard, of course, in the industry. One can become a financial analyst, a statistician, or a market research analyst after doing this course. The salary after doing this course in different designations can range depends on multiple factors.
Average salary of Chartered Financial Analyst is Rs. 6.6 LPA
How the city you work affects your pay:
6. Business Accounting and Taxation (BAT)
BAT is an excellent course that a B.Com graduate can opt for. This course is highly in demand. One can work as a tax consultant, corporate legal assistant, or a company law assistant after doing this course. The salary you will get after this course will range from 3 to 8 lakhs rupees per annum.
7. Certified Management Accountant (CMA)
The course that can fulfill your dream of traveling abroad while working is CMA. CMA is offered by the Institute of Management Accountants, USA. In this course, you will have to clear two stages of examination along with a work experience of 2 years.
Average salary of CMA is Rs. 8.1 LPA in India
List of top employers for CPA
8. US Certified Public Accounting (CPA)
The American Institute of certified public accountants offers the course of CPA worldwide. For this course, you need to have a good knowledge of generally accepted accounting principles or GAAP. The duration of this course is two years after graduation, and the salary ranges from 7 to 20 lakhs per annum. This course is generally recommended to be pursued after getting a degree in CA or MBA.
9. Financial Risk Manager (FRM)
For a recognized degree in banking and finance, FRM is an excellent option. This course only takes the time of 9 months to finish after graduation, and the exams are conducted in two parts in May and November. The salary after completing this course is comparatively high, ranging from 10 to 18 lakhs per annum.
Top employers for Risk Manager in India
10. Association of Chartered Certified Accountants (ACCA)
This popular course is well known in 173 countries and is opted by thousands of students worldwide. There are 14 papers that you need to clear in this course, and the duration of this course is two years. Multinational companies have a high demand for the graduates of this course and pay a salary ranging from 5 to 16 lakhs.
Top companies hiring ACCA
11. Certified Financial Planner
A course of the certified financial planner has duration of 6 months and avail career options like a financial consultant and insurance consultant for its graduates. A certified financial planner provides services to his clients with expertise on topics like investment plans, insurance decisions, tax issues, and personalized financial advice.
Average salary of certified financial planners is Rs. 3.9 LPA in India
How it increases with years of experience:
12. Certificate in Investment Banking (CIB)
To get a certificate in investment banking, you’ll have to take the CIB course for six months. Investment banker position is one of the best career options after b.com. The average salary for this course is very high. In this job, your role will be to provide your clients with your expertise in raising capital by selling equities and issuing debts in the company.
Average salary for Investment Bankers in India is Rs. 9.6 LPA in India.
How your location affects your pay:
13. Bachelor of Education (B.Ed)
A very simple but beneficial course you can opt for after B. Com is B.Ed. The knowledge that you have acquired as a B.com can be used in your profession as a lecturer. The duration of this course is two years, and the salary can range from 2 to 10 lakhs rupees per annum.
14. Digital Marketer
If you are looking for a creative job, digital marketing is your go-to course. You can learn what’s and how’s of the digital business world through this course. Digital marketing courses can last from 3 to 8 months. Many multinationals, as well as native companies hire for this job.
How your pay increases with years of experience:
The digital marketing salary can range from 4 to 15 lakhs rupees per annum. If you’re considering the digital marketing line, check out MICA’s Digital Marketing and Communication course which offers one-to-one with industry’s best experts, MICA alumni status and more.
The above is a list of some great career options after B.Com. You can determine your interest based on your career choice that you would like to opt for after your graduation. For all young minds, wondering what to do after B.Com, you need to check the amount of time, the difficulty level, and the price of the course, before deciding which course to opt after your graduation. Any of the above courses are sure to land you a great job so that you can happily start your journey in the professional world.
If you are keen on upgrading your career with an MBA course, upGrad is offering the MBA(Executive) program in collaboration with the NMIMS Global Access School. The program has been designed to stand at par with the best on-campus Executive MBA programs across the globe.