College years are the finest time of a student’s life. But one has to walk into reality sooner or later. The move from an undergraduate to a working professional may be nerve-wracking. Despite your university’s offer of campus recruitment, it is important to know about the jobs after B.Com.
Now, some individuals choose to get into the profession immediately after graduation while others opt to study more courses after B.Com that can assist in boosting their career.
So, in this article, we will explore the job opportunities after B.Com and the best courses after B.Com you can apply to.
What is a B.Com course?
B. Com or Bachelor of Commerce programme is a three-year undergraduate degree course accepted by the University Grants Commission (UGC). Along with the full-time delivery option, one can also take distance B. Com or an online B. Com course. It is one of the most popular degrees amongst the Class 12 students in the commerce stream. B. Com has been the third most demanded undergraduate degree in India.
Industries having B.Com jobs
There are a plethora of jobs after B. Com, in both private and government sectors, that students can look for:
- Industries that offer jobs after B.Com
- Accounting and Auditing
- Tax Advisory Service
- Financial Service
- Commercial Banking
- International Banking
- Insurance Service
- Telecommunication Service and BPO’s
- Manufacturing Service
- Government Service
- Policy Planning
- Educational Institute
- Automobiles Services
- Information Technology
Job titles for B.Com grads
There are several jobs after B.Com available to students. You can consider these titles for a reliable career opportunity in the future.
- Job Titles
- Chartered Accountant (CA)
- Marketing Manager
- Investment Banker
- Human Resource Manager
- Chartered Financial Analyst (CFA)
- Certified Public Accountant (CPA)
- Cost Accountant
- Business Accountant and Taxation
- Retail Manager
- Company Secretary
- Personal Financial Advisor
- Research Analyst
- Chief Executive Officer (CEO)
What is the average salary after B.Com?
In India, the average payout for B.Com graduates is INR 275,000 per year. Entry-level salaries start at INR 236,000 per year, with most experienced personnel earning up to INR 1,950,000 per year.
Salary packages for B.Com graduates
|Job title||Average Salary (per annum)|
|Financial Analyst||INR 431,556|
|Finance Manager||INR 997,146|
|Account Executive||INR 251,286|
|Operations Manager||INR 714,764|
|Senior Accountant||INR 444,733|
|Human Resources (HR) Manager||INR 688,541|
|Account Manager||INR 537,057|
|Executive Assistant||INR 409,723|
|Senior Financial Analyst||INR 596,316|
|Accounts Assistant||INR 208,640|
|Senior Account Executive||INR 382,074|
|Operations Team Leader||INR 529,814|
|Business Development Manager||INR 558,687|
After completing a B.Com, the chances of landing a good job with a good salary are quite high. However, salary packages may differ depending on the graduates’ talents and job experience.
Government jobs & salary for B.Com graduates
B.Com degrees are in great demand in every government field. The majority of research and scientific institutes demand B.Com grads. Government jobs after B.Com are highly lucrative careers. There are many jobs after B.Com and good salaries in the government sector. Graduates with a B.Com degree excel in their respective fields:
|Top government companies||Job profiles||Salary|
|Institute Of Banking Personnel Selection||Probationary Officer||INR 360,000|
|State Bank Of India||Clerk||INR 300,000|
|Reserve Bank Of India||RBI Grade B Officer||INR 450,000|
|State Bank Of India||Probationary Officer||INR 300,000|
|Ministry Of Commerce and Industry||Company Secretary||INR 300,000|
International jobs & salary for B.Com graduates
There are many jobs after B.Com in the fields of business, management, marketing, and finance. After completing the B.Com, you can choose a field of your interest. Each field has advantages and will be suitable for you.
Some of the best job opportunities after B.Com can include –
- Investment Banker
- Finance Advisor
- Business Development Manager
- Operations Manager
- Business Analyst
- Employees Relations Manager
- Marketing Associate
The salary for each of the jobs after B.Com varies. You can earn anywhere between USD 50,000 to USD 100,000 yearly.
Here are some of the countries to find the best career options after B.Com
- New Zealand
- South Korea
What is the total fees of B.Com?
One of the main reasons why so many students select B.Com is that it is one of the most inexpensive graduate degrees that also offers significant employment opportunities. It is an excellent value-for-money. Most B.Com degree programmes are priced between INR 10,000 and INR 50,000. The fee structure may vary, and most universities allow you to pay a fixed amount every year in instalments.
Online B.Com degree Course Fees
|Total Tuition fees||INR 80,000|
|Fee per semester||INR 13,333|
B.Com financing options offered by Manipal University Jaipur:
Manipal University Jaipur provides financing options for fee payment. The major features of B.Com financing options include:
- Low rate of interest with payback terms ranging from 5 to 15 years.
- Education loans
- Durations of moratorium ranging from six months to a year
- Income Tax Advantages
What other courses can be done after B.Com?
There are several courses available after B.Com that can help you enhance your expertise and increase your earnings. Then the question arises which one is the most valuable course. Because these courses after B. Com are investments in your future, all of the knowledge you get in your early years considerably improves your chances to acquire better-paying positions in the future.
Thus, you must carefully consider the courses available following B.Com degree. When making a decision, you must consider the following factors:
- Advantages and disadvantages
- Preferences and pursuits
- Eligibility criteria
- Financial assistance/money spent
Courses after B.Com that you can consider
Master of Commerce (M.Com)
If you want to join the academic side of the business sector, an M.Com degree might be extremely useful for you.
The course content extends to the areas covered in your B.Com. Thus, you will have a good understanding of the subject matter taught to you. So, if you’re thinking of getting an M.Com let us get into it. You can explore various career options after M.Com with a decent salary.
Master of Business Administration (MBA)
If you want to make your career in the business field, an MBA is the best option, which you can pursue after earning your B.Com degree. If you are still thinking about what to do after a B.Com, an MBA course from a reputable institution will open the doors of success. To get admission to the best college, you must take the CAT or other alternative MBA test considered by the college you choose.
You can also check out the online MBA course offered by Manipal University Jaipur to get more details about the course
Bachelor of Education (B.Ed)
A Bachelor of Education is a postgraduate teaching degree that may help you build a prosperous academic career. You are qualified for this course if your graduation scores are about 50-55 per cent from a recognised institution in India. This course is considered as one of the excellent courses after B.Com other than MBA.
Chartered Accountancy (CA)
You should know that Chartered Accountancy is hailed as one of the best available professional course after B.Com. Accounting students have a comprehensive understanding of accounting, auditing, and taxes. To complete this course, you must pass the CA test, which includes five tries and three stages: CA Foundation, CA Intermediate, and CA Final.
After passing the test, you will have an excellent career with a paycheck that will allow you to live a wealthy life. However, qualifying for a CA test is a little difficult – becoming a CA requires commitment and effort.
Company Secretary (CS)
CS courses are available for students interested in the company’s stock and investment management. It is one of the most prestigious and higher degree courses. Most individuals pick it to do with or after a B.Com. CS is a difficult subject to master, and passing the test requires a great deal of devotion and work. A corporate secretary serves as an important contact between the corporation and its shareholders. The corporate secretary manages the company’s stock trading.
Chartered Financial Analyst (CFA)
The Certified Financial Analyst (CFA) academic programme is designed for individuals interested in the financial system and investment. If you wish to work in this sector, you must clear the CFA test. Students enrolled in the CFA programme will study fundamental accounting standards, corporate practices, economic policies, and circumstances, among other things. CFA is also the best job opportunity after B.Com for individuals considering what to pursue following a B.Com degree.
Business Accounting and Taxation (BAT)
Accounting and taxation courses are designed by industry experts to prepare students for accounting jobs. It’s a fantastic short-term course following B.Com. This course is a hands-on, immersive learning programme that will teach you how to use some of the most in-demand technologies in the accounting and taxation industries.
Certified Management Accountant (CMA)
If you want to go worldwide, CMA is the ideal professional course following a B.Com. You will be expected to pass two exams in this course. Learning this course will increase your professional skills in financial management, administration, analysis, data integration, and all other components of accounting management.
Certified Public Accounting (CPA)
This programme is delivered by the American Institute of Certified Public Accountants and is one of the best courses after B.Com. To learn this course, you must have a grasp of widely accepted accounting concepts.
CPAs are responsible for educating investors about the financial health of corporations and organisations by providing financial statement audits and other attestation services. They also provide financial planning guidance to both individuals and businesses. Their primary responsibility is to offer financial reporting and advising services to promote economic progress.
Financial Risk Management (FRM)
Financial Risk Manager certification is a worldwide recognised credential in the banking and finance area offered by GARP, USA. After a B.Com, FRM is a short-term professional course that opens the door to many best jobs after B.Com in trading, risk management, structure, modelling and more.
Association of Chartered Certified Accountants (ACCA)
This course will assist you in refining your abilities in accounting, banking, management, and consulting. It also provides a significant edge in competitive senior posts and is an excellent career choice after B.Com.
Certified Financial Planner (CFP)
Certified Financial Planner is a six-month course that prepares graduates for careers as financial consultants and insurance consultants. The CFP credentials include certificates in taxes, estate planning, insurance, retirement planning, and financial planning. An authorised financial planner offers services such as investment strategies, insurance selections, tax concerns, and specialised financial guidance.
Certificate in Investment Banking (CIB
A certificate in investment banking is one of the best job opportunities after B.Com. In this course, your objective is to assist customers with expertise in generating money by issuing debt and selling equity in the firm.
The Certificate in Investment Banking (CIB) is a worldwide certification test intended to assess your knowledge, awareness, and abilities in investment banking.
Required skills for B.Com course
There are skills essential to advance in one’s career after a B.Com course. These skills will assist you in succeeding in your career.
Communication skills – Communication skills are vital as you will be dealing with numerous individuals throughout the course and throughout your career.
Accounting knowledge – Accounting is a major topic in B.Com. It has a significant impact on the grades you get, the career you choose, and the pay you make.
Presentation skills – This is a skill that is required in the majority of current B.Com programmes. You will have many presentation tasks throughout your course and career.
Management skills – Many graduates want to become managers. So, if you have good management expertise, you will be able to progress in your field.
Can I do my B.Com online?
Some of the key reasons for studying B.Com courses online are as follows:
- The student will know about several topics that are not included in the curriculum.
- There is no commute time necessary, which allows the learner to concentrate with more vitality.
- The course is self-paced, so students may study at their speed without feeling pressured to compete with other students.
- The costs are lower than in an offline lesson, which benefits the students.
- Assist students in broadening their horizons in the world of business and gaining a better awareness of what is going on around them.
- Students can enroll from all around the globe. This broadens the academic environment and allows you to interact with people from various nations.
- Online B.Com degree programmes enable you to find the best job opportunities.
Is an Online Manipal degree valid?
Yes, the Online Manipal degree is valid for the following reasons:
- The UGC and other legally authorised organisations have approved the Online Manipal degree programmes.
- Manipal University Jaipur started offering selected programmes online from 2020.
- Online Manipal offers full-fledged programmes, learning opportunities, and e-learning material, all of which are linked or given over the internet via technology and other sources.
- Examinations at Online Manipal will be conducted online through remote proctoring.
- Degrees from Manipal University Jaipur are widely recognised by government entities, departments, business organisations, higher education institutions for employment and higher studies in India and abroad.
How to enrol for online B.Com course at Manipal University Jaipur
- Visit B.Com course page on Online Manipal website
- Fill out the application form with your details
- Submit the necessary documents on the portal
- Then, along with your academic fee, submit the form
- Following the verification process, the Manipal University Jaipur will send you a confirmation email with login credentials to access student portal
We hope this article helped you to give a detailed insight on career after B.Com – jobs and salary information. Before enrolling in the programme, consider the duration, the difficulty level, and the fees structure of the course. Any of the courses after B.Com listed above will help you acquire a terrific job.
All you need is hard work, focus with a smart study plan.