B. Com is a popular degree pursued by many students in India. Regardless of the popularity of the degree, students are still concerned about the opportunities for jobs and salary after completing their undergraduate degree in Bachelor of Commerce. However, commerce is a versatile field of study offering wide options of careers. The scope of jobs after B. Com and salary is extensive and we are discussing the same in this post to help young commerce graduates decide on the job and the pay scale in terms of specialisation that they can expect in different career options.
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Significance and Advantages of Pursuing B. Com Degree in India
B. Com is a three-year undergraduate course that can be pursued via regular college or online learning. Students who have completed their 12th stream in commerce are eligible to pursue a B. Com for their bachelor's program. This is a traditional course that most students in the country prefer and is also regarded as the most sought-after course in India. Jobs for B. Com graduates with high-paying salaries are available in a number of industries including the private and public sectors. Banking, Finance, International Business, Insurance, Accounts, Auditing, IT, Manufacturing, Education, and Financial Services are some of the many sectors where B. Com students can pursue a career.
The various advantages of Completing a B. Com Degree in India are:
- B. Com opens doors of opportunities in various industries across several sectors
- B. Com equips students with in-depth knowledge of maths and accounting, which helps them get into different financial jobs
- Analytical and problem-solving skills are qualities that a B. Com degree equips graduates with
- B. Com students serve as assets for companies by supporting their financial prospects
- B. Com degree serves as the foundation for many professional courses like MBA, CA, CS, etc.
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Salary of B. Com Graduates by Specialisation
1. B. Com with specialisation in Finance and Accounting
The salary of BCom graduates with a specialisation in Accounting and Finance in India is in the range of Rs 3 lakh to Rs 8 lakh per annum with an average salary of 5.3 lakh annually. However, with experience and expertise, this salary is likely to go up to Rs 20 lakh per annum. Commerce graduates in finance and accounting can pursue many prominent roles in top companies in India and worldwide.
2. B. Com with specialisation in Statistics
A degree in BCom with a specialisation in statistics allows students to acquire knowledge in varied fields like applied economics, actuarial science, business statistics, and data analysis among others. This specialisation suits those interested in data analytics and offers excellent career scope. These students are also eligible to sit for competitive exams like Indian Economic Services and Indian Statistical Services among others. They can earn an average salary of Rs 5.5 lakh per annum at the start of their career.
3. B. Com with specialisation in Corporate Law
Corporate law is another popular specialisation for BCom Students that focuses on laws and regulations related to companies. The average salary of a fresher in this field can be around Rs. 5.4 lakh per annum. The degree allows students to pursue different roles in the legal and financial sectors. A few years of experience in this field can boost your salary to reach up to Rs 30 lakhs.
4. B. Com with specialisation in Marketing Management
A bachelor’s degree in BCom with a specialisation in marketing management is a program that emphasises the techniques of marketing management. The program equips students to operate in the global economy with the acquired skills. A fresher in this field can earn an average salary of 3.5 lakh annually. The varied roles like business development manager, management consultant, and general service manager in various marketing, advertising, and financial companies.
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5. B. Com with specialisation in Economics
Economics is a common specialisation for BCom graduates and covers various topics. The average salary that a BCom graduate can get is Rs 5 lakh annually. It may start at Rs 1.8 to Rs 2 lakh per annum and can go up to Rs 20 lakh per annum with experience. Ernst & Young (EY), IBM India, HCL Technologies, and Accenture are some top-level companies hiring BCom economics graduates.
6. B. Com with specialisation in General Business
By specialising in general business for their BCom degree, students can enhance their chances of getting a job in the role of marketing consultant, research analyst, and business development associate among others. The average salary offered to students under this specialisation is Rs 5 lakh annually for various offline and online jobs for BCom graduates.
Salary of B. Com Graduates by Jobs
Below are the job titles that offer b.com students good salary packages and a reliable career opportunity:
· Company Secretary (CS)
A Company secretary is a responsible position and you are required to take up a course to become eligible for this position after BCom. The starting salary may range from Rs 2.9 to Rs 15 lakh per annum.
· Chartered Accountant (CA)
CA is a promising career option with high-paying jobs that always stay in demand. CAs can easily fit in taxation, auditing, and financial roles. The salary range may be between Rs 2 lakh to Rs 17 lakh per annum for freshers. Students will have to take up a course on CA after graduation to become a professional in this field.
· Certified Management Accountancy (CMA)
CMA is a course that enhances the proficiency of students in accounting and corporate finance. A certified management accountant is required to affiliate with the Institute of Cost Accountants of India. This professional can earn a salary ranging from Rs 1 lakh to Rs 22 lakh per annum with an annual average salary of 6.2 lakh.
· Financial analyst
These professionals are responsible for analysing investments and the performance of companies. They can expect a salary within the range of Rs 2 lakh to Rs 12.3 lakh per annum.
· Auditor
An Auditor is a professional who inspects the financial accounts of a company. The salary that an auditor can expect ranges between Rs 4 lakh to Rs 10 lakh per annum with an annual average salary of Rs 7 lakh.
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As discussed, the opportunities for jobs after BCom and salary are myriad. However, some career options may require the students to pursue additional qualifications or certifications besides the B. Com degree. So, it is good to consider a career while keeping in mind the added qualifications. Enrolling in such courses online and completing them is likely to boost your chances of a promising career.
You can find most of these courses at Amity Online University, along with the traditional B. Com and other degree programs. Visit Amity Online today to learn more and enroll.
