How many of you wonder which are all the best career options after B.Com.? What are all the best courses after B.Com.? How to achieve the best career after B.Com.? Bachelor of commerce or B.Com. is among the most popular graduation courses that students take after completing school.
In today’s day and age, getting a B.Com. the degree is crucial for a commerce student, but it is not enough. It is not easy to find high-paying jobs for B.Com. graduates if one has not chosen the right courses after B.Com. This article will help you know more about after B.Com. jobs and salary details. Completing a degree can’t promise you a great career after B.Com. One has to take up a post-graduation or professional certificate to have a well-established career after a 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.
Master of Business Administration (MBA)
MBA is the most popular course available for students & one of the best courses after B.Com. 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.
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 enroll 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. Arguably it is one of the best career options after B.Com.
Company Secretary (CS)
If you are wondering what to do after B.Com. Company Secretary (CS) is one of the many pivotal job roles in an organization. A CS is responsible for managing all the legal aspects of a firm/organization. Company Secretaries usually take care of a company’s tax returns, maintain tax records, offer actionable advice to the board of directors, and ensure that all the legal and statutory regulations are met with one of the best courses after B.Com.
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. M.Com. is a post-graduation degree in commerce.
Chartered Financial Analyst (CFA)
The Chartered Financial Analyst (CFA) is a globally recognized professional designation offered by the CFA Institute. Generally, the CFA course duration is 2.5 years, and it is designed to measure and certify the competence and integrity of financial analysts. CTA is a great choice if you are concerned about after B.Com. jobs and salary.
Business Accounting and Taxation (BAT)
Still need options before deciding what to do after B.Com.? Business Accounting and Taxation (BAT) Course is a program that is meticulously designed by industry experts to groom aspirants to become industry-ready for accounting job roles. It is an excellent career option for B.Com. graduates. In this program, you will not only engage in practical and experiential learning but also master some of the most in-demand tools of the accounting and taxation industry and one of the best courses after B.Com.
Certified Management Accountant (CMA)
CMA is the answer if you are thinking about a career after B.Com. in abroad. In this course, you will have to clear two stages of examination along with a work experience of 2 years. The Certified Management Accountant (CMA) is another globally acknowledged professional certification credential that is offered by the Institute of Management Accountants in the USA. It focuses on two fields – management accounting and financial management.
There are ample choices for the career paths to follow after a B com (Hons.) degree. As a B.Com. graduate, you should be well aware of these alternatives. The list flows from the most conventional to more progressive career options. You will find familiar topics in the beginning, but as you will go down you will find new opportunities.
Post Graduation in career after B.Com.
It is an active choice for graduates to opt for a master’s degree to gain a specialization in the field of their interest.
One can opt for a Master’s degree either in commerce (M.Com.) or business administration (MBA). The former is suitable for students who are interested in research, teaching, and the latter for young entrepreneurs, job seekers. A lot of opportunities are available for a post-graduate student. There are number of places where they can work such as in corporate organizations, educational institutions, banks, etc. The average package for an M Com graduate can range from 5-9 lacs pa whereas the average income for MBA graduates is 6-13 lacs per annum.
Certified Courses: There are a handful of choices when it comes to certifications one can get after the completion of B.Com. degree. These certifications carry a promising job prospect and earning Chartered Accountant (CA) in Career after B.Com.
Chartered Accountant (CA) is the most aspired certification for accountancy and tax enthusiasts. CA has three stages, namely CPT, IPCC, and CA Finals. It is mandatory to complete 2.5 years of auditing internship after the clearance of exams. The journey from a CA Aspirant to a Certified Accountant can be challenging. The job requires a lot of hard work and perseverance. The scope of work is wide-ranging from working independently/ in a CA firm to a corporate job. A handsome income of 12-22 lacs per annum can be expected and it grows tremendously as you move further in your CA professional career.
Company Secretary (CS) in Career after B.Com.
Company Secretary (CS) is a three-year-long course which involves three stages foundation, intermediate, and finals. The papers require an in-depth study of law accompanied by the fundamentals of accountancy. As a qualified company secretary, one can find positions in the private/public sectors, banks, and financial institutions. On average the earning capacity of a CS ranges from 4.5 – 13 lacs per annum with steady growth.
Chartered Financial Analyst (CFA)
Chartered Financial Analyst (CFA) comprises three levels and is offered by CFA Institute in America. As the name suggests, it requires an in-depth study of equity, investment, risk management, and ethics. It is considered the highest standard for becoming a financial analyst, a statistician, or a market research analyst. A lavish income of 10-25 lacs is offered to a certified analyst.
Actuarial Science in career after B.Com.
One of the good career options after B Com is the budding certifications with increasing demand in the market. The study involves the application of mathematical and statistical tools to assess and control risk in finance, insurance, investing, etc. One has to clear approximately 15 papers to become a member of the Institute of Actuaries of India (IAI). The conversion rate is low but clearing 3-4 exams will put you ahead in the league. The certification is highly in demand and boosts a career in finance very positively. One can secure a job in a corporate with a solid package of 8-15 lacs depending on the profile.
Financial Risk Management
One of the career options after B.Com. is to become a Financial Risk Manager. It is a globally recognized job. The certification is for finance and banking professionals by the Global Association of Risk Professionals -GARP, USA. It opens doors for many lucrative jobs in the field of risk management, wealth management, finance, etc. A steady candidate can earn up to 18 lacs per annum in this field.
A Corporate Job
A B.Com. (Hons.) graduate is offered a role of junior analyst positions after the completion of their degree. A fresher can work in auditing, marketing, digital media, call centres, etc. Human resource departments are increasingly working on the improvement of work culture in big Multi-National Corporations (MNCs) as well as private organizations. A job will not only make you financially independent but also provides you with immense growth opportunities.
Business Analyst
A B.Com. graduate can earn up to 3.5-8 lacs per annum. The salary will depend on their expertise and background while working as a business analyst. One can always take up certificate courses/ short term courses/distance MBA. As you keep building your profile, higher packages and perks are offered as you move up in the corporate ladder with adequate job experience.
Digital Marketer
It is a budding career due to the growing importance of digital media as a marketing tool. Almost all brands producing consumer goods and services heavily rely on digital means to market their products. In fact, a less known fact is, by the end of the year, 2020 it is expected to generate over 20 Lac jobs per year. Formal education is also available in the form of short term diploma courses at various institutes. It provide certifications to boost careers in this field. One can opt for online courses as well to up their skills as well. If after B.Com. Hons, one wishes to pursue a career in the creative field, Digital marketing can be an attractive choice. The average money offered ranges from 4-8 lacs per annum. One can work as a freelance digital marketer while pursuing an alternative too.
Online Tutoring
Remote learning has become a widely accepted phenomenon. As a B.Com.(Hons.) graduate, one has sound practical knowledge of subjects. After the completion of your degree, you can freelance or work full-time as an online tutor. A web website online is really well worth bringing up which give a platform to paintings as a topic remember the professional is: Chegg: They offer a 24/7 provider with an updated lesson suite and scheduling tools. One can earn up to 50,000 in line with a month as an online tutor.
Start-up in career after B.Com.
It is a unique option that one can pursue after a B.Com.(Hons.). If one possesses a quality to create something unique then this ideas is the most rewarding choice. One studies entrepreneurship, finance, marketing, advertising, etc. as part of their curriculum.
As a student, you should have plans to have a career after B.Com. throughout your college life. The correct team and investment can turn those plans into reality. Once adequate research work is done, potential investors can solve the problem of finance. One such example is Oyo Rooms, one of the fastest-growing hospitality chains. Mr. Aggarwal, CEO of Oyo presented his idea at the Thiel Fellowship – a global contest intended for students under the age of 20. He managed to reach amongst the top ten winners who received a sum of $100,000 [over two years (about rupees 2.7 lakhs/month)] as well as guidance and other resources, to drop out of school and create a start-up, from PayPal co-founder and Facebook investor – Peter Thiel. It won’t be fair to compare the monetary advances in a start-up with other career options but I bet it is one of the most self-fulfilling paths that one can take.
We hope this blog provides you with all the important information about how to become a Bank Manager. Combining the responsibilities of the manager with the context of the Bank, this field of work provides a wealth of opportunities to explore Bank Management.
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- Take the Foundation Seriously: Prepare for the Foundation’s examination in the best possible way because the Constitution sets the target for Intermediate. When students take the Foundation exam seriously, they get good marks and are motivated and confident in the Middle Award as well. This definitely leads to successful graduation results for Intermediate.
- Select Appropriate Training Centers: Choosing the right CA training center is essential for complete success in CA testing. In fact, the two foundations on which to pass a CA test include:
- Appropriate Guidance
- Hard work
- Prepare With the Right Pattern: Arrange your answers the way the Middle One expects them to be. Review last year’s questionnaires and look for answers that lead to successful results.
- Divide the Syllabus into Sections A, B & C: Always divide the syllabus into sections A, B, and C. Category A comprises 30% of the total syllabus by volume. But the important point is that 70% of the questions are asked in this section only. Category C covers 50% of the total syllabus but only 20% questions arise from this category. With the exception of these two categories, the remaining part is category B.
- Never Take Guidance From Wrong Students Do not discuss syllabus or CA tests or other test-related issues with anyone with a negative opinion of these tests. Also, be sure not to discuss the same issues as those students who failed the CA exam. Those who want a CA exam should understand that such people would only cancel the exam if they received proper guidance.
- Focus on the Positive Outcome Instead of waiting for all the resources, focus on the main goal – Pass the CA test. Passing the exam is a very important goal that should always be the focus of everyone who wishes to get a CA.