Imagine you are writing the last exam of the BCom and rambling across thoughts of binge-watching shows and movies and sleeping all day as you walk out of the exam hall. But as the exam gets over, you are struck by reality when all your friends are discussing their career goals and you have no clue what to do! You may come across questions like what are the career options after BCom? What are the degrees and professional certification courses that you can pursue after BCom? What are the best job options available in the market after BCom? Take a deep breath, put up a smile because we are going to answer each of these questions in this blog.
This Blog Includes:
- Top Reasons to Pursue Bcom
- Masters of Business Administration (MBA)
- Career Options After BCom: Chartered Accountant (CA)
- Company Secretary (CS)
- Master of Commerce (M.Com)
- Chartered Financial Analyst (CFA)
- Business Accounting and Taxation
- Certified Management Accountant
- Career Options After BCom: Financial Risk Management
- Certification in Investment Banking
- Career Options After BCom: Digital Marketing
- Best Job Options After BCom
Top Reasons to Pursue Bcom
The following are the reasons why many students prefer to pursue Bcom:
- Pursuing bachelor’s of commerce equips students with corporate and entrepreneurial skills and prepares them for future senior and managerial positions
- Students will get a chance to learn more about the business and financial world that are beneficial in making investment decisions
- It has abundant of growth opportunities in various field including business, finance, marketing, taxation, accounting, banking, etc
- Bcom graduates are skilled professionals with increasing demand in the corporate dynamic
Masters of Business Administration (MBA)
After completing your Bcom or any other UG course, MBA is the most recommended course considering the scope and exposure it offers. Being a commerce graduate you can choose Finance, Marketing, Investment Banking, HR, etc. as your majors in this course. How to go about this as your career option after Bcom? For the best college options, You need to appear for the entrance exams like GMAT, CAT, XAT, SNAP, etc. Best universities in India and abroad give MBA admissions based on the scores of these exams! The average salary after an MBA is INR 20-30 lakhs.
Top Companies for MBA graduates
- Boston Consulting Group (BCG)
- Goldman Sachs
- Bain & Company.
Career Options After BCom: Chartered Accountant (CA)
The first thought that crosses as the career option after BCom in Chartered Accountancy. The finest part about this course is that you can enrol right after high school while simultaneously pursuing BCom. One needs to clear three exams CPT, IPCC and Final CA. IPCC consists of two groups after a student clears the first group they need to apply for an articleship for at least 2 years followed by CA final exams. The average salary of a CA is INR 8-9 lakhs per annum.
Top Companies for CAs
- Ernst and Young
Company Secretary (CS)
Company Secretary is one of the most lucrative career options after B.Com. It is a blend of law with the corporate world where company secretaries are responsible for the legal matters of a corporate firm. In order to qualify for this course, candidates must possess a degree in commerce, law, business administration or accounting. To get this degree, students have to pass the Foundation Programme, Executive Programme and Professional Programme. The average salary for a CS is INR 4 to 5 lakhs in India.
Top Companies for CS
Master of Commerce (M.Com)
After completing BCom most people like to pursue masters in the same field which is a fair decision. MCom lays emphasis on a systematic study of Accounting, Business, Finance, Economics, Statistics, Taxation, Marketing and Management. Master of Commerce is a fine career option after B.Com and helps one fetch a good job. Masters of Commerce is a broad field, students can pursue a number of career options after these programs.
Chartered Financial Analyst (CFA)
If you want to make a career in the investment and finance industry then this course is for you. A globally recognized degree from the CFA institute right after your BCom appears to be a good game to be in! One requires to clear three levels of the exam. This exam opens many doors in the field of investment and finance globally for a student. The average salary for a CFA is 5-7 lakhs per annum.
Top Companies for CFA
- Citi Group
- JP Morgan
- Morgan Stanley
- Ernst and Young
- Price Water House Coopers.
Business Accounting and Taxation
There is an array of jobs available for commerce students but most of them demand some experience. A Business Accounting and Taxation as a Career Option after BCom is for the ones who are looking forward to work in fields like tax consultant, corporate legal assistant, company law assistant, finance manager, account executive, and tax analyst, to name a few. It’s a well-knit course to develop the practical and experimental skills which prepare the aspirants for the industrial world.
Certified Management Accountant
Looking for a career option after Bcom in abroad? CMA course is the right one for you! You are required to clear two stages of this exam along with 2 years of work experience. This is a globally recognized course offered by the Institute of Management Accountants in the USA. This course equips you with various skills in financial planning, professional ethics, analysis, decision support.
Before we move ahead with more career options after BCom, have a look at the CMA Syllabus!
Career Options After BCom: Financial Risk Management
FRM is a short term course to pursue after Bcom. This course helps you enhance your knowledge of financial risk concepts, creditability and earning potential. Since this course is a unique one, You also have the advantage to stand out from the crowd. If you want to find out the topics covered in this course, read our blog on the FRM syllabus! The average salary for this position is INR 8-11 lakhs per annum.
Top Companies for FRM graduates
- Citi Group
- Ernst & Young
- Deutsche Bank
- Standard Chartered Bank
Here is everything you need to know about the FRM Exam!
Certification in Investment Banking
Investment banker position is a standout amongst other vocation choices after BCom. This course requires a person to know how to furnish customers with the ability to raising capital by selling values and giving obligations in the organization. We can say that professionals connect clients and potential investors and make a profit out of the same!
Here is a list of Investment Banking Courses!
Career Options After BCom: Digital Marketing
If you are looking for a job which helps you unleash your creative self then Digital Marketing is the best-suited option after BCom.The courses are available in different durations provided by national and international institutes. Since everything is going digital, this is an ever-growing field. The heart of Digital Marketing includes building your company base online and gaining traffic and leads from the same. There are a plethora of career options in this field. The average salary is INR 4-5 lakhs per annum.
Best Job Options After BCom
A commerce graduate has listed career options after BCom:
|Job Profile Avg. Salary|
|Financial Analyst 4.0 Lakh|
|Accountant 2.5 Lakh|
|Tax Consultant 5.7 Lakh|
|Marketing Manager 6.6 Lakh|
|Business Analyst 12.52 Lakh|
|Product Manager 15 Lakh|
|Financial Planner 3.4 Lakh|
|Portfolio Manager 7.0 Lakh|
Many students opt for MBA, CA, CS, or CFA after finding their BCOM. Students after BCom can go explore different career options as well like digital marketing, jobs as market researcher, banker, consultant, accountant and more.
Here are some options for Bcom students-Banker
BCOM is one of the best courses for students who wish to develop a career in commerce, banking, finance, business administration, auditing and accounting.
A masters or certification will give you a better position and pay in the work arena. The courses mentioned above can help you upgrade your package along with a secured job as per your expectations. If you need career guidance or help in applying to universities abroad, get in touch with experts at Leverage Edu! We will further make you reach great heights via our counselling sessions!