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Top 14 Career Options After B.Com: What to Do After B.Com?

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Top 14 Career Options After B.Com: What to Do After B.Com?

Edited By Nikhil Verma | Updated on Sep 16, 2023 12:25 PM IST

Nerve-wracking as it may sound, career decisions are not something we can keep postponing. In this article, we will tackle one particular area: B.Com. So here comes the question. What are your plans after B.Com? From where to take career guidance after B.Com? Now that was not so hard, was it while B.Com itself is a respectable, technical course, you need to stand out from the crowd. You need to have specialisations that can make you a go-to professional. From a Master’s degree to advance management courses to other certification specialisations, the list has a wide array of options. Taking these courses after B.Com can land you roles in almost all industries imaginable that have something to do with finance, banking, commerce, e-commerce, digital banking, and the like.

Top 14 Career Options After B.Com: What to Do After B.Com?
Top 14 Career Options After B.Com: What to Do After B.Com?

Now let us take a look at the 14 best career options after B.Com to land awesome careers:

1. Master of Business Administration from Deakin Business School (MBA)

One of the most popular options after B.Com mentioned in this list, MBA has much to offer. With B.Com you learn the tools of the trade in the field of commerce, but with MBA you enter the world of business. There are plenty of specialisations that you can take within the MBA programme.

These specialisations are created keeping in mind the growing demand for important skills such as leadership, critical thinking, and the like. Some of them are provided in the below table.

The top exams to gain entry into MBA programmes in India are CAT, XAT, MAT, and the like.

There are also full-time, executive as well as MBAs available. Salaries range from 5 LPAs to 25 LPAs (approx.) after you take an MBA after B.Com.

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2. Chartered Accountancy (CA)

One of the top career options after B.Com graduation, this course is sought by many. Unlike a Master’s degree, you can directly enrol for CA right after completing high school. There are three stages: CPT, IPCC, and CA Finals. Along with these three stages, you will have to take an apprenticeship of 2.5 years. When you clear all of this you become a certified chartered accountant. The average salary of CA graduates is Rs. 7.9 LPA. There are various career scope after BCom including the following.

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3. Company Secretary (CS)

This is one of the top careers after BCom. These professionals handle all legal aspects of a company. This career option after B.Com makes you a professional who handles an organisation’s company’s tax returns, tax records, legal and statutory regulations, and legal advice to the board of directors. You need to study corporate law to get into this field. The average median salary can range from Rs 4–10 LPA. The average salary of CS is Rs. 5.8 LPA (source: PayScale)

4. Master of Commerce (M.Com)

This is a logical option for careers after BCom if you want to advance in the field of commerce and then pursue research(Ph. D, MPhil). Or you can stop with M.Com and land lucrative roles in a plethora of fields such as banking & finance, business management, accounting and taxation, economics, accountancy, finance & control, and the like. But pursuing can be rewarding for those who have a passion for it. So contemplate it. There is plenty of funding in both India and abroad for career prospects after BCom.

Top Careers

AccountantFinancial Advisor
Financial PlannerFinance Analyst
Company SecretaryBusiness Analytics Manager
Investment BankerCertified Public Accountant
Bank Branch ManagerChartered Financial Analyst

5. Chartered Financial Analyst (CFA)

Already mentioned in this list, this career option after B. Com requires special mention. This world-recognised professional certification is offered by the CFA Institute. The course tests your endurance to become a great financial analyst. Some of the crucial aspects taught in CFA: are statistics, economics, advanced investment analysis, security analysis, fixed income, derivatives, probability theory, corporate finance, accounting and financial analysis, alternative investments, portfolio management, and the like. After B Com jobs list in India and abroad includes the following careers.

Top Careers

Research AnalystCorporate Financial Analyst
Accountant or AuditorConsultant
Risk Management AnalystRisk Management Specialist
Portfolio ManagerCredit Analyst

6. Business Accounting and Taxation (BAT)

This is also a career after BCom one can pursue. This course is tailored-fit for accounting job roles. In BAT, you will master crucial techniques in tools needed in accounting and taxation. Some of the core concepts taught are goods and service tax (GST), direct taxation, finalisation of financial statements, financial reporting using ERP software, payroll components ESIC, MS Excel, MIS reporting, and the like. After this course, the following are some BCom career options one can opt for.

Top Careers

  • Tax consultant
  • Corporate legal assistant
  • Company law assistant
  • Finance manager
  • Accounts Executive
  • Tax analyst

7. Certified Management Accountant (CMA)

Want to go abroad? But want to take something lucrative after B.Com? Then become a Certified Management Accountant. It is a great option for you then. It is offered by the Institute of Management Accountants in the USA. You focus on two specific fields: financial management and management accounting. After B Com jobs and salary depend on various factors. The average median salary in CMA is Rs. 8.1 LPA in India.

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8. US Certified Public Accounting (CPA)

Offered by the American Institute of Certified Public Accountants, this lucrative career option is yours to have after completing B. Com. Well, it is not that easy, but worth the hard work. You must master generally accepted accounting principles (GAAP), know how to account, take the course for the duration of a minimum of 150 hours, and then finally complete a four-part exam. Then you obtain the CPA license. As a Certified Public Accountant, you will make financial statement audits as well as other attestation services for your clients so that they have a fair understanding of the conditions of the companies and firms they have invested in. Other tasks include financial and tax planning as well as providing advice on how to do so. The average median salary of a Certified Public Accountant career after BCom is Rs. 6.9 lakhs per annum.

9. Financial Risk Manager (FRM)

This is a great career option after the B.Com offered by the Global Association of Risk Professionals. Take this course to become adept in the management concepts of the financial market. As a Financial Risk Manager, you identify and analyse threats to the organisation’s performance, assets, earning capacity, and the like. You could be working in various worlds such as credit/market risk, trading, loan origination, sales, financial services, private banking, marketing, and the like. You can get average median salaries between Rs 10–18 lakhs per annum.

10. Association of Chartered Certified Accountants (ACCA)

With over 233,000 members and 536,000 future members worldwide, the Association of Chartered Certified Accountants (ACCA) is one of the most respectable educational institutes in the world. You will need to attend and clear 14 papers to complete this 2-year course. You will find lucrative roles in both India and abroad after this one of the major career options after BCom.

11. Certified Financial Planner

One of the top courses after BCom, taking to become an exceptional strategist in financial planning. With this credential under your belt, you are qualified to provide services such as personalised financial advice, insurance decisions, tax issues, estate planning, investment plans, retirement, and the like. Along with B.Com, you will also need to crack the CFP exam as well as have relevant work experience.

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12. Certificate in Investment Banking (CIB)

Everyone wants to invest and secure their life. You could become a skilled investor and a great advisor. This course which you can take after B.Com lasts for six months. You will help customers by advising them on how to raise capital by selling equities as well as issuing debts in an organisation. After B Com career options, you become adept are developing systematic and strategic approaches to evaluating unlisted and listed companies/ firms in the context of LBOs, IPOs, Mergers, Acquisitions, restructuring, financial statement analysis, and corporate actions. Your crucial skills will include handling equity research, investment banking, hedge funds, private wealth management, asset management, private equity, corporate finance, strategy, and the like.

13. Bachelor of Education (B.Ed)

This is a great course to take after B. Com if feel your calling is in education, specifically schools, and to come to some extent to colleges as well. In Bachelor of Education, you will learn crucial aspects of such as educational psychology, pedagogy, instructional technology, curriculum development, lesson planning, educational policies, leadership, social justice, special education, and assessment.

14. Digital Marketing

But what if you want to do something creative? Something that can also cultivate your marketing skills too? Then Digital marketing courses are your best choice. Some crucial topics include content marketing, Search Engine Optimisation, Search Engine Marketing, Email Marketing, Pay-per-click marketing, Web designing, and the like. What this field makes into this list is this enriching field that anyone pursues, irrespective of their educational background.

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Conclusion

Scope after BCom depends upon your skills and sometimes the course you did after your degree that is master's. Commerce is the backbone of any industry. The demand for B.Com and the necessity for taking crucial career options such as the ones mentioned below is a clear indication that commerce is crucial. There are many career opportunities after BCom in industries such as banking, insurance, commerce, activities like transportation, communication, human resources management, business administration, advertising, and the like.

Frequently Asked Question (FAQs)

1. Do short-term certification after B.Com hold value?

With B. Com you have a foundation. Then the next step is either an advanced degree or short specialization courses. You can take them in Business Analytics, Investment banking, digital marketing, Project management, and the like.

2. What is the duration of various types of MBA degrees online?

For a regular online MBA degree, you will have to spend 2 years to complete it. There are executive MBA programmes that can be completed within 1 or 1.5 years. (approx.)

3. What is the duration of CMA, Chartered accountancy?

For Chartered accountancy, it is 5 years. For CMA and company secretary, it is 3 years in India.

4. What is the cost of these career options after B.Com?

That would vary depending on the career option, institute, and pace of the learner. Degree courses take up to 3 years and PG courses take up to 2 years to complete. These certifications such as Chartered Accountancy can take a minimum of 3-4 years to complete.

5. What is the scope after completing online MBA programs?

Every industry requires management. Let us take a look at some of these industries: finance, corporate, e-commerce, education, healthcare management, entertainment, and the like.

6. Can I skip B.Com and directly pursue these careers options?

For options such as M.Com, MBA, and Ph.D. this is not possible. But for Chartered Accountancy, CMA, and the like you can directly start after class 12.

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Get answers from students and experts
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4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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