Are you still struggling to find the best job opportunities after finishing your B.Com? What are the top courses to take after completing a B.Com? How can I get the highest-paid job when I finish my B.Com?
A B.Com degree course is important for a student from a commerce background in today’s world, but it is not enough. If one has not picked the right course after B.Com, getting high-paying job roles for B.Com graduates is difficult. This article will provide you with information about what to do after B Com.
A bachelor’s degree does not help you get high-salaried jobs. After completing a B.Com degree, a postgraduate or professional certificate is required to obtain a settled career.
After finishing a graduate degree in B.Com, students have several career opportunities, but not all students know various paths they might pursue to build a successful career. Let’s look at some of the career choices offered after B.Com that you might want to pursue secure career opportunities.
Benefits of a B.Com degree
Potential career paths
A B.Com student learns everything there is to know about how an organisation works. They learn everything from accounting to management. This makes them highly employable in a wide range of industries, providing them with numerous career options.
The finest example is the banking business. The government and other regulating entities keep a watchful eye on banks. As a result, employment losses and bank closures are uncommon.
Many B.Com grads are capable of becoming entrepreneurs and launching their own enterprises. They understand how to create and maintain a business and other comprehensive assessments. This is something that students of science and the arts are unable to achieve.
Career opportunities after B.Com
Master of Business Administration
MBA is one of the most renowned and top degrees offered to students completing B.Com, not only for those graduating from commerce but for those graduating from any discipline. This course teaches you how to handle all parts of a business depending on your speciality.
You must pass the CAT or Common Admission Test to take admission in an MBA course. Your CAT score determines the college to which you are accepted. After B.Com, it is one of the top employment alternatives. After completing 2-3 years of work, it is best to pursue an MBA course. If you cannot pursue a full-time MBA for a variety of reasons, you can enrol in an online MBA programme.
Chartered Accountancy (CA)
If you have completed your B.Com and are thinking about what to do after B Com, this is one of the options for B.Com graduates. CA is one of the best career options after BCom. You can enrol for CA right after completing high school. CA has three test stages, the first stage – CPT, the second stage – IPCC, and the last stage – CA Finals. After passing all three stages and completing an internship, you become a chartered accountant. After B.Com, it is indeed one of the most popular professional opportunities for a commerce student. You can also start your own accounting business and put your degree to use, making it one of the finest professions to pursue after B.Com.
Company Secretary (CS)
If you’re confused about a career after BCom, a career as a Company Secretary (CS) would be your favourite choice. A CS is in charge of overseeing the legal elements of a company or an organisation. Company secretaries take care of a business’s tax filings, manage tax records, provide actionable advice to the board of directors, and ensure that all legal and statutory rules are satisfied.
You must understand corporate law to become a Company Secretary. Foundation, Intermediate, and Finals are the three phases of this three-year degree.
Master of Commerce (M.Com)
The master’s degree in commerce is known as M.Com. This degree takes two years to complete and can be earned at any government-approved institution or college in India. This course will assist you in mastering and applying the principles you gained as a B.Com student in the working world.
A master’s degree in commerce is a postgraduate degree in commerce. Apart from commerce, this speciality includes business management, accounting, economics, banking and finance, finance and control, and taxation. M.Com is the best programme for anyone who wants to work in the BFSI or accounting and taxation industries.
Chartered Financial Analyst
Perplexed about career after BCom? The CFA Institute offers the Chartered Financial Analyst (CFA) credential, a worldwide recognised professional designation. The minimum CFA programme duration is 2.5 years and is meant to assess and certify financial analysts’ skills and integrity. If you’re worried about post-B.Com careers and salaries, CFA is an excellent option.
Statistics, probability theory, economics, corporate finance, security analysis, fixed income, financial analysis, derivatives, alternative investments, and portfolio management are among the subjects addressed in the CFA course, making it one of the finest courses after BCom.
A three-tier test is required to obtain the credential of CFA. CFAs are appointed by the sector’s leading competitors in the marketplace, as CFA is regarded as the company’s highest level post.
Business Accounting and Taxation
Still, looking for choices before settling for a career after BCom? The Business Accounting and Taxation (BAT) course is a rigorously constructed curriculum by industry professionals to prepare students for accounting career responsibilities in the business. It’s a fantastic job choice for B.Com grads. This programme will not only provide you with hands-on experience, but it will also teach you how to use some of the most in-demand tools in the accounting and taxation business, making it one of the top courses after a B.Com.
Financial reporting utilising ERP software, goods and services tax (GST), payroll components, ESIC, financial statement finalisation, direct taxation and Excel, and MIS reporting are among the subjects covered in the modules.
After finishing this intense course, you may select from a range of prospective career descriptions, including company law assistant, corporate legal assistant, tax consultant, account executive, financial manager, and tax analyst.
Association of Chartered Certified Accountants
This popular course is well recognised in 173 countries and is chosen by thousands of students worldwide for all students who are thinking about what to do after B Com. In this two-year study, you must pass 14 papers. Multinational organisations have a strong demand for graduates of this course, and with an attractive salary, it is one of the top occupations after completing a bachelor’s degree.
Certified Management Accountant (CMA)
If you are thinking about an international career after B.Com, CMA also known as Certified Management Accountant is the way to go. This course requires you to pass two stages of examinations and two years of industry experience.
The Institute of Management Accountants in the United States offers the Certified Management Accountant (CMA), an internationally recognised professional certification. Management accounting and financial management are the two domains on which it concentrates. This certification verifies your competence and understanding in financial planning, analysis, control, decision support, and professional ethics. To become a CMA-certified professional, you must pass two levels of exams and have two years of work experience.
After earning your CMA certification, you will be able to work with companies of various sizes and in various sectors. CFA-certified professionals are in high demand in various settings, including public and private firms, not-for-profit organisations, academic institutions, government agencies (USA), and multinational corporations.
US Certified Public Accounting (CPA)
Certified Public Accountant is another widely renowned professional credential on our list. It is one of the greatest courses following a B.Com degree and is given by the AICPA. You must thoroughly understand the widely accepted accounting concepts to enrol in this course. To become a CPA, you must have a strong accounting background and substantial schooling and pass a four-part test.
CPAs are responsible for making financial statement assessments and other attestation services to notify investors about a company’s or firm’s financial health. They also provide tax and financial planning guidance to both businesses and individuals. Their main responsibility is to provide financial reporting and advising services to facilitate informed decision-making and financial progress.
Financial Risk Manager (FRM)
FRM is a good choice for a recognised banking and finance degree. The Global Association of Risk Professionals offers the Financial Risk Manager accreditation. In the financial and risk management industries, if you earn this certification, it means you have a strong grasp of risk management ideas in today’s volatile financial industry. This is a nine-month course that is quite short.
You must finish GARP’s FRM programme to become an FRM-certified practitioner. Exams are normally given in two sections, one in May and the other in November. FRM is one of the top career options after BCom.
The major responsibility of a Financial Risk Manager is to detect and assess threats to the firm’s profits, potential earnings, and market performance or achievement.
Certified Financial Planner (CFP)
Thinking about what to do after B Com? CFP is one of the best courses, and it lasts six months and provides graduates with employment alternatives such as financial consultant and insurance consultant. Investment strategies, insurance selections, tax concerns, and specialised financial guidance are areas that a qualified financial planner may help her/his customers with.
The CFP certification validates knowledge in insurance, financial planning, taxes, estate planning, and retirement planning. You must complete four formal obligations to achieve this certification: education, performance on the CFP test, relevant job experience, and acknowledged ethical standards.
Certificate in Investment Banking (CIB)
You’ll need to attend the CIB course for six months to acquire a certificate in investment banking. An investment banker is one of the best career options after B Com, and this course has a very good income. Your goal will be to supply your clients with your experience in generating cash through the sale of equity and the issuance of loans to the firm. The Certified in Investment Banking (CIB) is a rigorous global certification test that assesses your investment banking knowledge, comprehension and abilities.
You can work in private equity, investment banking, equity research, hedge fund, private wealth management, asset management and corporate finance and strategy after finishing the CIB course.
Bachelor of Education (B.Ed)
After B.Com, you can pursue a B.Ed. course, which is a simple yet valuable subject. The information you gained as a B.Com can be used in your career as a professor.
The Bachelor of Education is likely one of the easiest job routes after earning a B.Com degree. B.Ed. is a two-year postgraduate teaching degree specifically designed to prepare students for a future in academia, making it one of the top courses after B.Com. You are qualified for this course if you received about 50-55 per cent in your graduation from an accredited institution.
Digital marketing is the newly emerged course to take if you seek a creative profession. This course will teach you the whats and hows of the digital business environment. Courses in digital marketing might run anywhere from three to eleven months. This role is offered by several MNCs as well as private businesses.
Given that digital marketing is one of the trendiest sectors right now, enrolling in a digital marketing programme after finishing your B.Com is a good idea. The purpose of a digital marketing course is to expose you to the universe of digital marketing, its key principles, and methodologies for developing a digitally competent brand.
Digital marketing is a good job choice nowadays, as more organisations want to create their identity in the online space. You can work as a digital marketing manager, digital marketing executive, SEO executive, search engine marketer, content writer, social media marketing specialist, and more after finishing a digital marketing course.
Skills required for a successful career after BCom
Some competencies are essential to make a career after BCom. They will assist you in succeeding in the course.
- Communication skills: Communication skills are vital since you will be dealing with numerous individuals throughout the course and your career.
- Accounting knowledge: Accounting is a major topic in B.Com. It has a significant impact on the grades you get, the occupations 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 be delivering tasks throughout your course and maybe throughout your career.
- Management skills: Many B.Com graduates choose to become managers. So, if you have strong management skills, you will be able to progress in your career.
- Well-Informed: B.Com students must have a strong understanding of economics and world events, as this information is evaluated throughout the course.
We hope this article has helped you answer what to do after B.Com and provided a better understanding of career options after BCom and salary. You must know your interests based on the job path you want to pursue after graduation.
All enthusiasts considering what to do after B Com should consider the programme’s timeframe, the level of complexity, interest in the sector and the fees structure of the course before choosing any professional path. If you want to do a future-ready B.Com or MBA or M.Com after your B.Com, you can enrol in online B.Com, MBA, M.Com programmes at Manipal University Jaipur. You can pursue these courses without quitting your job.