What to do after B.Com: Best courses and the best careers?

The conventional undergraduate accounting degree, B.Com, covers basic principles in company law, accounting, finance, economics, and taxation. B.Com graduates earn between INR 5 lakhs and INR 20 lakhs per year. To be industry-ready, nevertheless, one needs to complete a specialized postgraduate degree or receive skill-based training. Acquiring the required after BCom courses makes it simpler to land well-paying jobs. Are you also wondering after B.Com, which course is best? This blog offers details on potential job paths and salary ranges after a B.Com to help you advance in your career.

Must read: What are some key skills for a B.Com fresher?

Understanding the Value of a B.Com Degree

• Core Skills Acquired

Following is the list of some basic skills acquired after a B.Com that will help you excel in your career.

1. Accounting and Financial Management: Gaining knowledge of auditing concepts, financial statements, and financial modeling.

Applications: Governmental organizations, non-profits, and both public and private businesses.

2. Economics: The study of resource distribution and the application of economic ideas to practical issues.

Applications: Government, financial services, consultancy, and research organizations.

3. Administration and Business Management: Hiring and training staff as well as learning management tasks.

Applications: Production, sales, tourism, and hospital.

4. Business Law and Ethics: Comprehending ethical concerns in business and corporate law.

Applications: Corporate world, regulatory agencies, and law firms.

5. Quantitative Skills: Learning pertinent mathematical skills and using statistical methodologies to solve business challenges.

Applications: Market research and financing.

6. Strategic Management and Entrepreneurship: Comprehending the formation of new businesses and strategic planning.

Applications: Consulting and startups.

7. International Business: Comprehending the theories, regulations, and practices of international commerce.

Applications: Multinational companies, international trade, and international non-profits.

• Career Versatility

The Bachelor of Commerce degree stands out for its versatility and the wide range of opportunities it provides.

• Chartered Accountancy: Many B.Com graduates pursue further qualifications to become Chartered Accountants (CAs).
• Financial Analysis: Roles such as financial analysts, investment bankers, and portfolio managers are popular among B.Com graduates.
• Marketing Management: Graduates can work as marketing managers, digital marketing specialists, and more, leveraging their knowledge of market research and strategic marketing.
• Recruitment and Staffing: B.Com graduates can specialize in recruitment, helping companies attract and retain top talent.
• Entrepreneurship: The broad business knowledge acquired in a B.Com program provides a solid foundation for aspiring entrepreneurs to start and manage their businesses.

Best Courses to Pursue After a B.Com

Continuing learning after a B.Com is the common path many students take. Here are some of the best courses you may take after earning a B.Com degree.

Professional Courses

• Chartered Accountancy (CA):

Pursuing a CA after a B.Com is considered the best course after B.Com. In India, becoming a chartered accountant requires a thorough education that integrates tax, auditing, and accounting knowledge. With attractive compensation packages at prestigious accounting companies, chartered accountants are in high demand both in India and abroad. CAs earn an average salary of INR 10 LPA.

For you: Is pursuing an online B.Com along with CA a good idea?

• Company Secretary (CS):

Candidates with an interest in corporate governance or regulatory or statutory duties of an organization are drawn to the company secretary course, which provides high-paying employment prospects. After completing a CS, individuals can earn an average pay of INR 9 LPA.

• Cost Management Accounting (CMA):

The CMA offers expertise in strategic management and financial accounting. After earning a CMA, careers include chief financial officer, management accountant, cost accountant, financial analyst, financial risk manager, and financial controller. A CMA’s average salary in India is INR 6.2 LPA.

Management Courses

• Master of Business Administration (MBA):

An MBA is a widely sought-after degree in India. It offers project- and case-based learning opportunities, business insights, and skill development. Prospective career paths encompass roles such as project manager, operations manager, business analyst, sales manager, marketing manager, HR manager, and investment banker.

• Post Graduate Diploma in Management (PGDM):

Both the PGDM and online MBA programs provide advanced business education; the PGDM is more flexible and focused on industry, while the MBA is more theoretical. Both provide career benefits and industry relevance. Job opportunities include sales manager, HR manager, and many more.

Finance and Banking Courses

• Certified Financial Planner (CFP):

Earning the esteemed CFP certification can help financial professionals gain the information and abilities needed for a lucrative career in asset management and financial planning. In addition to offering substantial career growth and income potential, it opens up a wide range of job prospects across many sectors.

• Banking Courses (e.g., IBPS, CFA):

When considering courses after BCom, pursuing banking examinations and certifications such as the CFA and IBPS can greatly improve one’s employment prospects in the banking and financial industries. In addition to improving job preparedness and opening doors for development into more specialized and high-level professions, these credentials impart specialized knowledge.

Other Relevant Courses

• Data Analytics:

In the digital age, this extremely profitable industry is growing in popularity, and if you have the necessary skill set, you may easily land a high-paying career in it. The data analytics industry will continue to see exponential growth in demand as long as organizations are required to evaluate data and make decisions based on it. You can work as a data scientist, business analyst, data visualization expert, and more.

• Digital Marketing:

Digital marketing shows you how to concentrate on creating creative Internet marketing campaigns for companies, goods, and services. You can work as a PPC specialist, digital marketing manager, content marketer, search engine marketer, or social media marketer.

For you : How B.Com graduates make an impact in the e-commerce field?

Best Career Paths for B.Com Graduates

• Accounting and Finance

You may choose to work as an accountant, tax consultant, auditor, or financial analyst. Due to the importance of accounting and finance tasks for an organization’s survival, these roles are in great demand across a wide range of sectors. 

• Banking and Insurance

The banking and insurance industries offer dependable employment. They emphasize financial health and regulatory compliance, ensuring quick professional growth and opening doors to positions in management or specialization, such as equity research analyst in investment banks or loan officer or branch manager in commercial banks.

• Management and Administration

Effective leadership, strategic planning, communication, and problem-solving are essential in the field of management and administration. Opportunities exist for growth in executive and senior management roles, which have a big impact on business operations and strategy. Individuals can work as HR managers, operations managers, or business managers.

• Marketing and Sales

Jobs in sales and marketing are creative, fast-paced, and always changing in response to new consumer trends and technology. Graduates have found lucrative positions in sales management, market research and analysis, and product management.

• Entrepreneurship

With a solid background in business fundamentals, B.Com graduates are well-suited to launch their own companies. They have a wealth of resources at their disposal, including government funding, mentorship programs, incubators, and accelerators for small and medium-sized businesses.

• Government Jobs

After earning your B.Com, you can work for government-owned businesses in various sectors and public service, including public administration, finance, tax, and audit roles. High employment stability, work-life balance, and great incentives are guaranteed.

Must read: What are the career prospects for  Bcom+Mcom graduates?

Tips for Choosing the Right Path

After reading about so many fields and options to choose from after a B.Com, you must be confused about your career path. Here are some tips to consider:

• Self-Assessment: Use SWOT analysis, personality tests, and self-reflection exercises to assess your interests, strengths, and professional aspirations. Finding your passion and areas of expertise is essential to a successful career.
• Research and Networking: Speak with college alumni, business leaders, and career counselors to learn more about different educational and career choices. Participate in webinars, industry events, and informational interviews to obtain insights.
• Continuous Learning and Skill Development: Attend workshops, online courses, and certification programs to improve your abilities and stay current with industry trends. To be competitive and flexible in your chosen career, embrace lifelong learning.

Conclusion

After earning a B.Com, students don’t usually require a professional degree, but master’s degrees and certifications can improve resumes and skills and possibly draw in top employers. Before choosing a career path following a B.Com, young minds should consider time, difficulty level, and course cost. A wide range of master’s and certification programs are available from Online Manipal, which will help you progress in your career and earn much more than a B.Com degree. So, what are you waiting for? Check out the Online Manipal’s website for more details and start your career today!