When you are in your last year of B.Com, the first thing that comes to your mind is ‘What next?’ Students usually plan to party, going out with friends, sleeping, shopping, and other such things once their exams finish, but this would not last for more than a week. You need to plan your future as just getting a B.Com degree is not sufficient. B.Com stands for Bachelor of Commerce, which is an undergraduate degree in which the students are taught about commerce and other related subjects. It is one of the most popular graduation courses that students undertake after completing their 12th.
20 Best Career Options after B.Com for Commerce Students
In today’s competitive world, just doing B.Com is not enough as you do not get well-paid jobs after that, either you need to opt for post-graduation or pursue a professional course. There are numerous options available, but not many students know well about the different options available, which can help them in establishing a better future. In this article, we will provide you with the best courses after B.com, which can help you in getting the best jobs and make your career better.
Best Career Options after B.Com
Let’s get started with some of the fantastic options for you which were ranked after proper research and study to provide you with the best of all-
1. Chartered Accountant (CA)
It is one option which is favored by a lot of accounts students, this is one course which many students think of as a career option. The reason behind it is that there is a vast demand for CA’s in the market and opting for this course opens up numerous opportunities, particularly in business. Its exams are conducted by the Institute of Chartered Accountants and have four stages, which are CA Foundation, CA Intermediate, Articleship Training, and CA Final. If you clear all the steps along with training of 2.5 years, then you become a certified CA. It is one of the best career options after B.Com This course is for 3 years if you clear all the stages in one go. Once you become a CA, you can get jobs in many multinational companies, banks, government departments, or if you want, you can also open up your own firm. The salary that you get is pretty decent as the annual package start from 5 lakhs to 20 lakhs. You would be glad to know that many PSU companies such as BSNL, BPCL, and GAIL hire CA fresher’s directly from the college campus. CA that have more experience can also join companies as a Financial Advisor, Technical Consultant, etc. with the State or Central government.
2. Company Secretary
This involves the study of law in the corporate field, after B.Com if you have an interest then you can opt for this career. A company secretary holds a senior position in the public or private sector. Once you gain some experience of being a Company Secretary, you can quickly get a job and become an economist. CS is a three years course and has three stages, which are Foundation, Intermediate, and Finals. A company secretary has high-level responsibilities in an organization such as compliance with legal, shareholder and trustee meetings, regulatory and listing requirements and much more. There are numerous government’s financial institutions that need an Economist to forecast and analyze economic issues. In fact, it is comparatively easier than CA and is more theory than practical, like in CA. The package of a CS starts from 4 to 10 lakh per annum.
3. M.Com
The next in our list is M.Com, as there are a lot of people who want to get a post-graduate degree and do not want to opt for any other course. It is one of the obvious courses to pursue after completing B.Com. M.Com focuses on subjects like Finance, Economics, Accounting, Business, and Marketing. This post-graduation degree is for 2 years and you can do it from any certified college or government recognized unit. It helps you in mastering the skills that you have learned in B.Com so that you become an expert and apply that knowledge easily in the professional world. There are a lot of companies who hire M.Com as they get a lot of jobs such as: Accountant: You can either become a junior or senior accountant depending upon the skills and knowledge you possess. As a junior accountant, you would have to maintain the financial records of the organization by checking the balance sheets and ledger accounts. If you become a senior accountant, you would have to maintain the financial statement and documents by performing expenses, balance sheets, revenue, and payroll account reconciliation. You can also become an auditor where you would need to verify the company’s assets and liabilities, assess risk and internal control plus plan financial audits and much more. Also Read: How to Become an Air Hostess? Qualification, Courses & Jobs Also, you can become a loan/ credit officer or join a government job, you just need to clear the exam and you can get a job in banks quickly and become a bank PO. You would have an excellent package, which would be between 4 to 10 lakhs.
4. Masters of Business Administration (MBA in Finance)
It has become one of the most renowned courses among the students, not just graduating from commerce but from any other subject too. The truth is that this course holds value only if it is done from a good college. It is one of the best career options after B.Com. For example, if you do it from IIM, then no one can stop you from being successful and a great package waits for you as you finish your college. For getting admission to a good college, the first step that you need to take is to get an excellent score in CAT (Common Admission Test) Exam. Students who are ambitious and wish to work on an administrative level strive hard to clear this CAT exam and pursue an MBA in finance from a reputed college. CAT score determines your eligibility in the top MBA institutes. It is always recommended to do MBA after 2-3 years of work so that you can save money and pursue it from a good college. Various jobs that you can after completing your MBA are: Fund Manager: In this, the core role is to manage clients’ assets as per their investment requirements. A fund manager has to create, manage and organize clients’ portfolios. You need to try and maximize return and minimize risk. Next, you can also become a hedge fund manager; this job might be very risky but can help you earn a lot of money if you are good at it. There is a fixed salary, but you can earn a lot through commission. So, if you get admission to a well-known college, then doing MBA in finance can be one of the best choices.
5. Chartered Financial Analyst (CFA)
If you wish to work in the top MNC’s or have plans of going global, then this can be an excellent option for you. This course is provided by the Institute of Management Accountants (IMA), USA. For becoming a CFA, you are required to clear two exams; this course majorly focuses on financial planning, investment analysis, risk management, portfolio management skills, decision support, control, and analysis. The duration of the course is two and a half years and this course is the highest standard of excellence in both the investment and finance industry. As of now, the CFA exams are held in four cities in India which are Bangalore, New Delhi, Kolkata, and Mumbai. This course develops an understanding of the interest of the investor, financial market functions and skills to nurture the economies. There are only 1.2 lakh CFA across 35 countries in the world. Once you complete this course, there are a lot of job opportunities for you like: Financial Analyst: In this, the job role is to consolidate and analyze data to give the appropriate information about the organization’s profit, stability, and solvency. Statistician: If you choose this job profile, then your role would be to collect, evaluate and present the data to the client or the company. There are many other jobs as well that you can get after completing CFA like Market Research Analyst, Financial Advisor and much more. The salary of a CFA ranges from 5-25 lakhs per annum.
6.Business Accounting and Taxation (BAT)
One of the significant challenges that come after completing B.Com is that you do not get an excellent job as a fresher. The jobs that you get are in a BPO, sales, or back-office jobs. So, if the same problem is with you too, then you can pursue this course. This course has more than 7,500 jobs; in this course, they teach and give you practical knowledge about taxation, accounting, reporting, and compliance, which are the key skills required for all accounting firms. This course is just for a year and the prospects are really good for B.Com students after doing this course. This course is in high demand because it is for just 1 year plus you get a good salary after completing this course. The sequence of BAT covers the basics first, such as understanding basic journal entry to final accounts and tax compliances plus they also include soft skills, SAP, Tally, and Excel too. This is a fantastic course that can boost your career remarkably and you can get reputed jobs like: Tax Consultant: He is an expert in tax law and compliance; thus, you need to help customers in reducing tax liability by preparing tax plans. Corporate Legal Assistant: Here, your role would be to create legal documents that would comprise of contracts, memos, etc. Also, your part would be to Schedule conference calls, travel dates and performing other office tasks. The average salary after completing this course would be between 3 to 8 lakhs per annum. Also Read: 16 Best Courses for Commerce Students after Class 12th
7. Certified Financial Planner
This is a certified course with a duration of 6 months to 1 year. This course offers you a specialization in insurance, investment, tax management, and risk-taking. If you become a certified financial planner, then you would offer services to your clients on topics like insurance decisions, tax issues, and investment plans. Some of the career options that you can opt for after completing this course are: Financial & Insurance Consultant: In this, you can provide your services to both companies and individuals. You need to advise on investment plans, personalized financial advice and risk management. The salary in the profile may range from 6 to 12 lakhs.
8. Association of Chartered Certified Accountants (ACCA)
It is said to be the leading and fastest-growing international accountancy Organization. It has more than 160,000 members and 425,000 students in over 170 countries. This course is being pursued by a lot of B.Com Students globally because it provides a great salary with a lot of knowledge. You have to clear 14 exams in this course and the duration of this course is 2 years. ACCA helps you a lot in developing a successful career in the area of finance, banking, management, and accounting. You get a senior-level job after completing this course as it is considered alike CA. This course provides you with added knowledge on UK GAAP and IFRS. The diploma in IFRS is for finance professionals who need to have more experience in Financial Reporting. There are a lot of MNC’s who demand graduates of this course. The salary ranges around 6 to 16 lakhs.
9. B.Ed
It is a 2 years course which you can opt for it is both beneficial and straightforward. You can also choose teaching as your career option after completing your B.Com if you like this profession. As you have done B.Com, you can do B.Ed in commerce course, as the knowledge that you might have gained B.Com can be used as a lecturer. You can become a teacher or a lecturer after pursuing B.Ed. You can easily get government or private job in school or colleges. It has large prospects as colleges and schools are growing all over the country. As a school teacher, you can easily earn Rs.15, 000 to Rs.20, 000 a month and as a college lecturer you can earn up to Rs. 50, 000 a month. So, if you want a peaceful job with a lot of holidays and decent earning, then you can opt for B.Ed. In fact, you can also start your personal coaching classes and add more revenue to your pocket every month.
10. Digital Marketing
This course is one of the most trending and leading courses these days. It has impacted almost every sector and is in high demand. This career requires a lot of creativity, so if you are seeking a career option that needs creativity, then you can opt for a digital marketing course. Nowadays, there are a lot of students who complete B.Com are ready to explore this unconventional career option. In fact, there are plentiful of post-graduates as well who opt for this course as its demand is progressing in the market. This course includes subjects like SEO, SEM, blogging, web designing, website making, PPC, Social Media, Google Adwords and much more. It also comprises of training sessions to enhance your soft skills so that you can be ready and confident for interviews. The job opportunities that you can get after doing this course are that you can be a digital marketer. Being a digital marketer, you can earn 4 to 15 lakhs per annum; once you gain some experience, it can increase even more depending upon your skills.
11. Financial Risk Manager
It is a globally recognized certification for banking and finance professionals by the Global Association of Risk Professionals. As a finance manager, your role would be to design comprehensive risk management procedures, policies and processes for an organization. This can be a significant role for you as it involves a lot of responsibilities as your role would have to plan and execute strategies for risk management. It has more than 6,500 domestic jobs and it opens a door for you in many fields like trading, risk management, modeling, structuring and much more. You would also play an influential role in reviewing legal documents, policies, contracts, policies, and programs. There are a lot of institutes who make you job-ready as you complete the course; they not only teach you theoretical knowledge but also give you practical knowledge and make you interview-ready as well.
12. Certificate in Investment Banking (CIB)
If you wish to become an investment banker, then you would have to opt for this course. The salary is really big after completing this course and this course is just for 6 months. Investment banker position is one of the best career options after b.com After completing your B.Com, you just need to find a reputed institute where you can pursue this course, as the duration of the course is less and there are a lot of things to study. Thus, you should ensure that you attend regular classes so that you can gain more knowledge on the subjects. One of the major career options after completing this course is becoming an Investment Banker. The principal responsibility as an investment banker is that you have to help the clients in increasing their capital by selling equities or issuing debts in the company. Also Read: Company Secretary Course Details: Admission, Fees & Exam You have a significant role in the company as; basically, you advise the company on their growth by funding different activities. You might find this job slightly tough as here you require analytical skills, networking skills and much. Here your B.Com knowledge would help you as there you learn a lot about analytics, stats and accounting. The package of a CIB usually ranges around 15 lakhs to 50 lakhs, which is a huge amount of money after completing a 6 months course.
13. US Certified Public Accounting
This course is globally provided by the American Institute of certified public accountants, which is the world’s largest accounting body. It provided you with more than 7,500 jobs per day and holds the highest standard of competency in the area of accountancy worldwide. This course can be the best for you after completing B.Com as it is directly related to your field, plus it has exceptional growth aspects. If you wish to pursue this course, then you should have in-depth knowledge of generally accepted accounting principles (GAAP), IFRS or GAAS. This course is for 2 years, but it is worth spending this time as your package would be somewhere between 7 lakhs to 20 lakhs per year. You would have to clear 4 exams for getting the certification, the quicker you pass them, you get the certification faster. You can opt for this course after your B.Com and give a kick start to your career because here, you would get a lot of job opportunities in many big companies such as UBS, Citigroup, JP Morgan Chase, Wells Fargo and much more. So, if you are ready to invest 2 years after your B.Com, then this can be a significant choice for your future.
14. ICWAI
If you wish to become a cost management accountant, then this is the best-suited course for you. There are a lot of students who opt for this course after completing their B.Com as it includes subjects related to it and has an enormous scope. This cost accounting course is provided by the Institute of Cost and Works Accountants of India; it is a premier institute of India. This institute provides you with education and also develops the profession of cost accountancy in India. It is a fantastic course to do after completing your graduation, but it is not as good as CA. Still, there are a lot of students who opt for it as this course opens numerous job opportunities such as Const Controller, financial controller, chief accountant, and chief internal auditor. In fact, if you want to go for higher studies, then after completing this course, you can do M.Phil or Ph.D. as well. The salary after doing this course is around 4 – 6 lakhs per year. The good news for you is that you can pursue this course while doing your B.Com also. For getting the certification of this course, you need to clear three levels, which are foundation, intermediate and final exams. Once you clear them, then you get the certification of ICWAI. So, if you have love for finance then this can be a great choice for you.
15. Certified Management Accountant
If you dream of traveling or working abroad, then this course can fulfill all such aspirations. This is one course that provides you an opportunity of working in the leading MNC’s as you get international certification after completing this course. This course is provided by the Institute of Management Accountants (IMS), USA. It is a well-known course in the US, but it has gained its popularity in over 100 countries in just a couple of years. In only a few years, it has passed a lot of students with high caliber. The major advantage of doing this course is that if you pursue this course after B.Com, you will get 33% more salary than any other non-certified accountants. It has been seen that this course is comparatively more comprehensive than the other courses which you think of doing after B.Com. The subjects that CMA includes are financial and management accounting, which means that it would open a lot of job options for you. They want more students to pursue and clear this exam; thus, they have made it very easy and simple to clear the exam. Also Read: 20 Best ITI Courses after 12th in India You are just required to sit for two exams and each exam is for four hours. You would have 100 multiple questions and 2, 30 minutes essay questions. But clearing the exams is not that simple as, on average, the result is just 15% of the passing students. To increase accessibility, they have over 100 examination centers across the country. So, if you love this option, then fill the form today.
16. Financial Modeling
This course is mainly designed for people who wish to work in the finance industry. It has over 11,000 jobs and is considered to be a core skill, especially for Financial Analysts. In this course, you will learn about historical information on various companies and analyzing its performance on some of the financial parameters. This analysis is then used for building financial models. Also, you are being taught how to build a model to depict financial statements and offer business solutions by investment analysis. The models that you prepare would present the future financial performance of the companies which would aid them in making financial decisions such as valuations of companies, price targets for stocks and much more. Opting for this course after B.Com would help you in getting a lot of jobs in the finance sector and the interviewer would prefer you over others because of this course. You would be more educated than your fellow colleagues on various subjects like an investment, credit, research, corporate finance, and much more. The duration o the course is between 6 weeks to 19 weeks. You can earn between 5 to 12 lakhs after doing this course and there are a lot of top companies that can hire you, such as Accenture, Oracle, Deloitte, Gartner, etc.
17. Banker
You can also choose to become a banker if you wish to provide wealth services to the customers. For becoming a banker, you would have to do an internship and get a certification in any investment banking course. There are more than 18,000 jobs in the investment banking sector and as per the sources, there is a considerable demand for the workforce in this sector. If you do this after MBA, it makes your resume even better and your growth prospects become even better. As a banker, your role would be to help in banking requests like opening an account, setting a certificate of deposits, lines of credit deposits, withdrawals and much more. There are a few things that are required to become a banker, such as great communication skills, love to help customers, marketing knowledge, basic computer knowledge, and multi-tasking proficiency. A lot of students opt for this option as they can join both private and government banks.
18. Law (Corporate)
After completing B.Com, you can also take a step towards law if you have an interest in it as it has an enormous scope. You can also enter in corporate law or join a law firm or court. A lot of students jump into this profession because of the various opportunities that it provides. A law degree has a great career scope, but it is vital for you to have some experience to understand this profession and skills needed for becoming a lawyer. You would need to get a Bachelors’s degree or LLB, which is recognized by the Bar Council of India. As for pursuing law, it is a mandate to have a bachelor’s degree with minimum 50% marks, and there is no age limit for pursuing law, you can study it whenever you want. The best part is that the average salary is also pretty good in this profession, you can earn between 15 to 18 lakhs per annum. There are numerous law schools in India which provide great education so that you can choose one as per your requirements and location. So, if you can invest 3 years and want to become a lawyer, then this is a brilliant course for you after B.Com.
19. Business accounting and taxation
One major issue that comes after B.Com is that they need some experience to get a good job; else, they just get the jobs in call centers. Hence, if you want to get a good job in either accounts or finance, then you can opt for this course. The best part about this job is that they provide you practical knowledge of subjects like taxation, accounting, reporting, auditing, etc. They have all the topics included in the course, which are required for you to work in an accounting firm, finance company or a KPO. This course was made by Chartered Accountants keeping in mind the requirements in the accounting and financial sectors. There is a massive demand for this program and has multiple career options for you. The salary that you can expect after completing this course ranges from around 4 to 10 lakhs. Also Read: 11 Best Computer Courses After 12th to Get a Job in 2020
20. Actuarial Science
If you are an expert in mathematics and statistics, then this course can be an excellent choice for you. This course has a huge demand and has abundant career prospects. In this program, you need to apply Maths and stats tools to assess and control risk in insurance, investing, risk management, finance, and other industries. It is also used in Property, Liability, casualty, benefit plans, employee retirement, and General Insurance. A couple of years back, not many people were aware of this course and there were very few institutes that used to provide this course. But, now a lot of people are doing this course because of the increased awareness and future growth. The role of the actuary is to inculcate insurance risks and premiums. After completing B.Com, you can do this course at a master’s level. You can be sure of a good job after this course and the salary package is also fantastic after doing this. The salary starts from 15 lakhs to 18 lakhs per annum. There are a lot of big companies that hire actuarial, even if you clear some of its exams; still, you get a good job in reputed companies. The FirstStep These were some of the great career options after B.com that you can opt for. We have compiled this list after a lot of research that you can do after completing your B.Com. Also, having a lot of choices at times makes you paralyzed; thus, it becomes tough to choose one. The easiest way is to think about your inclination about specific fields and subjects. Give some time to it and then choose the option as it is about your career and future growth prospects.
