Best Career Options after B.Com: Jobs & Courses

After completing B.Com, choosing a career is a very important decision which can be a turning point in your professional life. B.Com graduates can work in finance, accounting, business management, and other high-demand fields with a plethora of career choices and an array of advanced courses. These courses prepare you for the best jobs and career options after BCom such as Chartered Accountancy (CA), Company Secretary (CS), Cost and Management Accountant (CMA), Financial Analyst, and Investment Banker. This article will provide you with in-depth insights into the best career options after bcom, courses, and jobs available to B.Com graduates so that you have all the information you need to make an informed choice.

Jobs After B.Com

Chartered Accountancy: Best career options after bcom includes CA. CA is one of the top and most commonly known B.Com jobs in India and beyond. There are three stages in the three-year course – Common Proficiency Test (CPT), Integrated Professional Competence Course (IPCC), and CA Finals. You need to pass these levels along with an internship of 2.5 years. The most prominent job options and their average annual salaries in this case are:

• Finance Controller – Rs 24.8 lakhs
• Statutory Auditor – Rs 8.6 lakhs
• Internal Auditor – Rs 7.8 lakhs
• Tax Auditor – Rs 5 lakhs
• Forensic Auditor – Rs 4.5 lakhs

Company Secretary: CS is a three-year degree program that covers three stages – Foundation, Finals, and Intermediate – and focuses primarily on corporate law. The most prominent job options and their average annual salaries in this case are:

• Chief Executive Officer – Rs 24.5 lakhs
• Chief Administrative Officer – Rs 13 lakhs
• Company Registrar – Rs 12.9 lakhs
• Legal Advisor – Rs 6 lakhs
• Principal Private Secretary – Rs 4.2 lakhs

Cost and Management Accountant: CMA courses focus on accounting, management, and financial aspects that are required in companies all around the world. The most prominent job options and their average annual salaries in this case are:

• Chief Financial Officer – Rs 55.3 lakhs
• Controller – Rs 24.8 lakhs
• Management Accountant – Rs 8 lakhs
• Cost Accountant – Rs 6.25 lakhs
• Financial Analyst – Rs 2 lakhs to Rs 12.3 lakhs

Financial Analyst: Best career options after bcom includes financial analyst job. Financial analysts analyze critical data, provide recommendations on investment decisions, and create financial models. They usually work in banks, corporate finance departments, and investment firms. They tend to earn a maximum salary of Rs 12.3 lakhs per year.

Investment Banker: Investment banking is among the fastest-growing professional domains in the world. These professionals offer their expertise to their clients and help them raise capital by issuing debts in companies and selling equities. They earn average salaries of Rs 17.3 lakhs in a year with an estimated take home salary between Rs 40,576 and Rs 41,733.

Tax Consultant: Tax consultants specialize in areas such as tax planning, tax compliance, and filing tax returns. They usually work in accounting firms and tax consultancies but can work as independent professionals as well. They can earn a maximum salary of Rs 10.6 lakhs a year in India.

Auditor: Auditors examine, interpret, and analyze accounting records. They also prepare financial statements, provide advice, and evaluate & audit statements that have been prepared by others. The yearly base pay range of an auditor in India is between Rs 4 lakhs and Rs 10 lakhs. Their average yearly salaries are Rs 7 lakhs.

Accountant: Accountants primarily prepare the financial records of their employers and examine them. They can set up their independent practice or work in any industry they wish to. In a year in India, an accountant can earn a maximum salary of Rs 6 lakhs per year.

Best Career Options After B.Com (Commerce)

Master of Commerce: M.Com is the ideal option to help you land the best jobs with b.com degree as it offers you detailed knowledge of advanced accounting, commerce, and finance. The most prominent job options and their average annual salaries in this case are:

• Investment Banker – Rs 17.3 lakhs
• Treasury Manager – Rs 16.4 lakhs
• Forensic Accountant – Rs 10 lakhs
• Management Accountant – Rs 8 lakhs
• Financial Analyst – Rs 2 lakhs to Rs 12.3 lakhs

Master of Business Administration: With an MBA in Finance, you have the latest financial management skills and the readiness to work in managerial roles in domains related to finance. Apart from these, you also have an MBA in information technology (IT) and financial technology (Fintech), an MBA in Banking, Financial Services, and Insurance (BFSI), MBA in Banking and Financial Services (BKFS). The most prominent job options and their average annual salaries in this case are:

• Chief Financial Officer – Rs 55.3 lakhs
• Chief Technology Officer – Rs 30 lakhs
• SAP Consultant – Rs 8 lakhs
• Business Intelligence Analyst – Rs 8 lakhs
• Product Manager – Rs 5.5 lakhs to Rs 12.2 lakhs

Certified Public Accountant: CPA courses, offered by the American Institute of Certified Public Accountants (AICPA) , prepare you with the skills and knowledge that you need to excel in different accounting professions like auditing, financial analysis, taxation, and management consulting. The most prominent job options and their average annual salaries in this case are:

• Chief Financial Officer – Rs 55.3 lakhs
• Chief Compliance Officer – Rs 32.4 lakhs
• Hedge Fund Manager – Rs 13.5 lakhs
• Private Equity Associate – Rs 11.3 lakhs
• Information Technology Auditor – Rs 9.3 lakhs

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Diploma in Banking and Finance: A Diploma in Banking and Finance provides you with in-depth skills and knowledge in domains such as banking, insurance, and finance. It normally covers different aspects of the financial industry like banking operations, insurance principles, investment management, financial planning, and risk assessment. The most prominent job options and their average annual salaries in this case are:

• Credit Risk Manager – Rs 12.9 lakhs
• Market Analyst – Rs 9.3 lakhs
• Internal Auditor – Rs 7.8 lakhs
• Administrative Assistant – Rs 3.1 lakhs
• Financial Analyst – Rs 2 lakhs to Rs 12.3 lakhs

Chartered Financial Analyst: The globally recognized CFA program runs for 2-and-a-half years and covers subjects such as investment analysis, statistics, economics, and portfolio management, to name a few. The most prominent job options and their average annual salaries in this case are:

• Vice President Finance – Rs 50.4 lakhs
• Finance Manager – Rs 15 lakhs
• Investment Banking Associate – Rs 14.9 lakhs
• Senior Business Analyst – Rs 13.8 lakhs
• Equity Research Associate – Rs 12.8 lakhs

Business Accounting and Taxation: The BAT courses prepare you for a future in domains such as taxation and accounting. The most prominent job options and their average annual salaries in this case are:

• Finance Controller – Rs 24.8 lakhs
• Finance Manager – Rs 15 lakhs
• Accounting Manager – Rs 8 lakhs
• Audit Assistant – Rs 3.5 lakhs
• Company Secretary – Rs 2.9 lakhs to Rs 15 lakhs

Data Science and Analytics: The Data Science and Analytics programs in the context of finance prepare you to use the newest techniques and tools to make effective financial decisions for your employers. The most prominent job options and their average annual salaries in this case are:

• Applications Architect – Rs 31 lakhs
• Machine Learning Engineer – Rs 10.1 lakhs
• Data Analyst – Rs 4 lakhs to Rs 9 lakhs
• Machine Learning Scientist – Rs 3.9 lakhs to Rs 60 lakhs
• Data Scientist – Rs 3.8 lakhs to Rs 15.9 lakhs

Emerging Career Options after Bcom (Bachelor of Commerce)

Digital Marketing: When it comes to emerging bachelor of commerce careers digital marketing is the first career that comes to mind. These courses teach all you need to know – the how’s and the what’s – of the digital world in anywhere between 3 and 11 months. The most prominent job options and their average annual salaries in this case are:

• Pay-Per-Click (PPC) Manager – Rs 10.9 lakhs
• Search Engine Optimization (SEO) / Search Engine Marketing (SEM) Specialist – Rs 8 lakhs
• Digital Media Manager – Rs 7.5 lakhs
• Content Strategist – Rs 6 lakhs
• E-commerce Specialist – Rs 4.3 lakhs

E-commerce Specialist: E-commerce specialists are supposed to create and implement strategies that facilitate online transactions seamlessly. They are supposed to organize, execute, and develop plans for marketing the websites that they are working on. They have various roles and responsibilities as part of their profile such as editing and writing product content that is published on e-commerce portals and websites. The average yearly salary of an e-commerce specialist is Rs 4.3 lakhs in India. This means that if you work in this profession you can expect a take home salary that can be anywhere between Rs 30,511 and Rs 31,817.

Entrepreneurship: Entrepreneurship courses and incubator programs teach you business skills that can be applied to every aspect of your venture. They also teach you how to apply these skills to different roles. The most famous entrepreneurs of the world and their net worth may be enumerated below:

• Elon Musk - $192 billion
• Jeff Bezos - $139 billion
• Bill Gates - $114 billion
• Larry Ellison - $108 billion
• Sergey Brin - $102.1 billion

Top Industries for a Career in Commerce

If you are looking for a career in commerce you will see most opportunities arising in these industries:

• Banking And Financial Services
• IT
• Accounting And Auditing
• Manufacturing And Fast-Moving Consumer Goods (Fmcg)
• Consultancy Services
• Hospitality And Tourism
• E-Commerce And Retail
• Government Organizations
• Insurance
• Education And Research Institutions

Wrapping Up

The best career options after Bcom for you suit your interests the best as they will help you land the best jobs as well. However, market demand for those jobs is an important factor in this case too. Now, no matter which course you choose it makes total sense to pursue it at a top name such as Amity University because these institutions offer you quality education while providing you with all the benefits commonplace with online education.

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