Salary of B. Com Graduates: By Specializations and Jobs

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 specialization that they can expect in different career options.

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What is the Average Salary of BCom Graduates Based on Experience?

A Bachelor of Commerce (BCom) degree opens up opportunities in fields like accounting, finance, marketing, and management. Salaries vary based on experience, industry, and location.

The below table mentions the salaries of BCom graduates based on their experience level:

Average Salary of BCom Graduates based on Educational Qualification

Here is a table showing the salaries of BCom graduates as per their educational qualification:

Average Salary of BCom Graduates based on Location

The table below depicts the salaries of graduates in commerce in terms of location of their work:

Average Salary of BCom Graduates based on Industry

The table below offers the salaries of commerce graduates based on the industry they work on:

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.

Also read:- Understanding the Semester System in Online B.Com (Hons) Programs

Salary of B. Com Graduates by Specialization

1.  B. Com with specialization in Finance and Accounting

The salary of BCom graduates with a specialization 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 specialization in Statistics

A degree in BCom with a specialization in statistics allows students to acquire knowledge in varied fields like applied economics, actuarial science, business statistics, and data analysis among others. This specialization 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 specialization in Corporate Law

Corporate law is another popular specialization 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 specialization in Marketing Management

A bachelor’s degree in BCom with a specialization in marketing management is a program that emphasizes 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.

5.  B. Com with specialization in Economics

Economics is a common specialization 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 specialization in General Business

By specializing 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 specialization 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 analyzing 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.

What Job Opportunities are Available after BCom in India?

Here are some job roles and opportunities you can consider after completing a BCom degree in India:

1.   Banking Professionals: These professionals manage customer accounts and financial transactions in varied banking roles like bank tellers, customer service representatives, back-office representatives, and more. 

2.   Accountants: BCom graduates can seek jobs in accountancy to start their careers across organizations. Accountants are primarily responsible for maintaining financial records and reports in various organizations. 

3.   Auditors: Auditors review financial documents to verify their accuracy and adherence to rules. These professionals can find jobs in accounting firms, corporations, or government agencies. 

4.   Tax Consultants: Many BCom graduates prefer the occupation of a tax consultant wherein they support individuals and companies with tax planning and tax compliance. 

5.   Financial Analysts: These professionals analyze financial data to provide insights and forecasts. They analyze market trends and economic indicators to predict the investment decisions of companies. 

6.   Insurance professionals: BCom graduates can find jobs in insurance companies in roles like insurance agents, underwriters, and claims processors. They can grow further with experience in this career. 

7.   E-commerce and Retail: Inventory, finance, and supply chain are some areas in the e-commerce and retail sectors where graduates can work. 

8.   Corporate Finance: The corporate finance departments allow opportunities to BCom graduates in areas like financial planning, budgeting, etc. 

9.   Investment Banking: BCom graduates can assist in financial advisory services, mergers and acquisitions, and capital raising in the field of investment banking. 

10.  Data Entry Operators: These graduates can enter the field of data as data entry operators to work in companies across industries. 

11.  Government Jobs: BCom graduates can avail themselves of varied opportunities in government sectors to pursue roles like clerks and accountants. 

12.  Education: BCom graduates enter the field of education by becoming commerce teachers in schools. They can pursue further education in master’s programs and PhD to become professors and lecturers.

To Sum Up

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.

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