There are plenty of options available for students looking for courses after B.Com. If you’re among the students who have completed their B.Com and looking for courses, here’s a complete guide for you that will help you decide.
After graduation, it is always a matter of confusion for students to decide whether to opt-out of a job or do further studies in the subject they like. It can be hectic and time-consuming. So I will try to help you save some time and confusion by selecting the right path. Our primary focus for this article will be on students who graduated with a B.Com degree.
This article will discuss in-depth career opportunities and the best courses after B.Com that you can pursue better job opportunities. I will also discuss the ideal option for you; go lookout for a job straight away after B.Com? Or opt for some courses after B.Com? So read the article till the end.
Bachelor of Commerce (B.Com): Everything You Need to Know
A Bachelor of Commerce or B.Com is an undergraduate degree in business. The degree aims to provide students with exposure to managerial skills while building competence in a particular business area. Along with business areas, most universities plan the degree so that students get knowledge of the commerce-related regions and subjects that are very useful in the field, for instance, Mathematics, Environmental science, language, etc. Like a usual undergraduate degree, it is also a 3-year degree. It includes many study areas concerned with business studies, some of which are
- economics and econometrics
- business economics
- finance and financial markets
- actuarial science
- computer and management information systems
- human resources
- marketing and communications management
- operational management
- management science
- risk management/ financial risk management
- electronic commerce
- strategic management
- statistics management
- supply chain management
- business systems analysis
- decision analysis
- labor relation
- politics and public policy
- Transport economics
- industrial psychology
- information management
- Logistics relation
- marketing communication
- organizational studies
- supply chain management
The areas are grouped and designed to fit into several subjects.
The number of subjects you can choose depends on the university or college you get enrolled in. To give an overview, most institutions are – 5 to 6 subjects per semester or year, including compulsory subjects and additional subjects.
Again the criteria may vary from institution to institution.
Now, we will not get into the details of the course itself. I am assuming that you have already completed your B.Com degree. We shall now look at the options that open up after you complete your B.Com degree.
Job Opportunities after B.Com
One of the most common paths students choose after any undergraduate course is to find a job, and B.Com is no exception. The reasons why you would go for a job after completion of your B.Com can be numerous. It can be family responsibilities, independence, or no interest in further studying the B.Com subjects.
For whatever reason, if you decide to make a career after B.Com, here are the best job opportunities after B.Com:
Taxes are one area that affects everyone, and no one in the general population has the right idea about it. After B.Com, this is one of the best job options as everyone is involved in taxes. That makes a high demand for tax consultants and people who can easily handle the taxes. It is also one of the fields that align perfectly with the skill sets of B.Com graduates.
Average Salary: As a Tax Consultant, you can earn between INR 3-5 Lakhs per year. With a good reputation, you can even earn up to INR 9 Lakhs per year.
The auditor is another standard and good-paying job profile for B.Com graduates. You see, the role of an auditor is vital in any company. An auditor is a person that keeps track of all the financial statements and accounting ledgers of a company. Handling a company’s catalogs and accounting area is a big responsibility.
Average Salary: As an Auditor, you can easily earn between INR 4-5 Lakhs per year. With good experience, you can even gain up to INR 10 Lakhs per year.
Stock Market is another area that many people like but have a tiny idea about how it works. So if you like stocks and trends in the Stock Market, you should opt for this job. So what does a Stock Broker do, basically? A more broadly, a stockbroker, also known as an investment broker or financial adviser(more broadly), is a professional trader. A stockbroker will help people invest in the right shares in the stock market so that the clients can make maximum profit.
Average Salary: As Stock Broker, you can easily earn between INR 3-4 Lakhs per year. With good skills, you can even gain up to INR 8 Lakhs per year.
A lot of companies are centered around the import and export of goods. Now all of these companies require a good import-export manager. You can enter as an import-export manager and keep an account of the imports and exports.
Average Salary: As an Import-Export manager, you can easily earn between INR 2-3 Lakhs per year. With good experience, you can even earn up to INR 5 Lakhs per year.
This is also one of the most common job profiles for B.Com graduates. The job opportunities in this field are endless as every company requires accountants. All you have to do is manage the company’s accounts. The initial pay in this job is less, but you can make your way to the top over time.
Average Salary: As an Accountant, you can easily earn between INR 2-3 Lakhs per year. With good experience, you can even earn up to INR 5 Lakhs per year.
This is one of the fancy titles that you can pursue as a career after B.Com. A financial consultant plans the economic future of a company. This involves planning the profitable investments that will turn out beneficial for a company. It also involves planning business strategies that will help the company gain profit.
Average Salary: This job comes with a fancy salary as well. As a Finance Consultant, you can easily earn INR 10 Lakhs per year. With good experience and skills, you can even earn up to INR 20 Lakhs per year.
It is quite the same profile as a financial consultant, and the major difference is that an Insurance Consultant plans for the backups if something tragic happens. It is all related to insurance covers and stuff like that.
Average Salary: As an Insurance Consultant, you can easily earn between INR 2-3 Lakhs per year. With good experience, you can even earn up to INR 5 Lakhs per year.
Banker is a very reputable job profile in India. Any B.Com graduate can easily opt to become a banker. You will have to crack the entrance exams that different banks and government organizations offer for banking posts. You can go either for a public sector bank or a private sector bank. The private sector banks offer handsome pay, whereas the public sector banks offer good job security.
Average Salary: As a Banker, you can easily earn between INR 4-5 Lakhs per year. At a good post, you can even earn up to INR 8 Lakhs per year. Apart from the salary, bankers also get many other perks like easy loans and stuff like that.
Best Courses after B.Com
There’s always this dilemma that surrounds students whether they should straight up go for a job? or get some certificates? Or go for post-graduation?
To solve this problem, you’ll have to talk to yourself honestly and ask some of the serious questions that might be a little uncomfortable. Before we argue why you should do some courses after B.Com, you should as a more serious question, Do I want to earn or do I want to achieve in the subject?
So if you want to earn money, you can do it just after B.Com only, and with some additional certificate courses, you can boost your income.
Secondly, if you really want to do something for the subject or achieve something, you should think of pursuing post-graduation specialization courses. We will talk about this in detail in the dedicated section of best post-graduation courses after B.Com.
One thing to know is that it only helps you if you do some courses after B.Com, whether they are certificate courses, professional courses, or post-graduation courses. For ease of understanding, I have divided the best courses after B.Com into subcategories to understand which one suits you better. So here are the best courses after B.Com that you can pursue and make good careers out of them:
Certificate Courses after B.Com
Certificate courses are short-term courses oriented to get you more job opportunities and salaries. With certificate courses, you gain the most important knowledge and skills that are actually required in the market.
Think of a recruitment process from a company’s perspective. If you are hiring a person, what would you want from them? Apart from the basic requirement like communication, field knowledge, etc., one of the most crucial things would be skills that could fit multiple roles.
With the skills to do multiple tasks, you automatically open up many opportunities for yourself, where certificate courses help. They teach you multiple skills to play a better role in the growth of a company. With the latest trends, some of the best certificate courses are:
Certificate in Digital Marketing
With increasing traffic on the internet and more people being active on social media than ever, Digital Marketing has become one of the hottest topics in recent years. You do not really need some over-the-top technical skills for Digital Marketing. All you have to do is work with clients and increase their business via social media, search engines, and some analytical tools. Pretty much all the B2C businesses selling products or services online need a Digital Marketing Executive.
The course will give you basic knowledge of Digital Marketing and terms like SEO, SMM, SEM, and stuff like that. Digital Marketing is a growing trend, so it is one of the best courses after B.Com.
Duration: 3-4 Months.
Average Salary: With a B.Com degree and a certification in Digital Marketing, you can earn between INR 2-4 Lakhs per year.
Courses to consider at IIM SKILLS
Certificate in Investment Banking
With a certification in Investment Banking, you can get some good job profiles in big companies. It is mainly related to the core finance and not the other stuff like accounting, audit, etc. Many investment banking firms offer job posts for investment bankers, and the main job profile is related to equity research, business valuation, financial modeling. So if you are into investment banking and want a fancy job profile, you can opt for the certificate in Investment Banking.
Duration: 1-2 Months.
Average Salary: With a B.Com degree and a certification in Investment Banking, you can earn between INR 3-6 Lakhs per year as a fresher.
Certificate in Data Science
Apart from Digital Marketing, Data Science is also one of the most rapidly growing sectors in the market. You see everything good in terms of search results is derived from data. Whether it is something that you search on Google, video recommendations on YouTube, or search on OTT platforms like Netflix, Amazon Prime Video.
Data science is all focused on the use of data for giving out better search results. If you are interested in this field, you can go for a certificate in Data Science. You will be up for the role of Business Analyst, Data Analyst.
Duration: 3-4 Months.
Average Salary: With a B.Com degree and a certification in Data Science, you can earn between INR 23-4 Lakhs per year.
Professional Courses after B.Com
The professional courses will earn you fancy titles. After completing a professional course, you can either work independently or serve as an employee. This is also one of the areas that take both subjective skills and job opportunities into account.
These courses are based on commerce subjects, and they also offer good pay-outs. So if you want to study your subject and have a professional course in the bag for good job opportunities, you should opt for professional courses. Some of the best professional courses that you can opt for after B.Com are:
Company Secretary is one of the most important job positions in any organization. The course has also gained a lot of popularity lately. A company secretary or CS takes care of all the legal aspects of a firm or organization. It includes managing and taking care of the company’s tax returns, maintaining tax records, giving advice to the board of directors, and making sure that all the legal and statutory regulations are in place.
In the course, you study corporate law, and it is one of the best courses after B.Com.
Duration: 3 Years. It has three stages: Foundation, Intermediate, and Finals.
Average Salary: A CS can easily earn between INR 4-6 Lakhs per year. With adequate skills and experience, one can even earn up to INR 10 Lakhs per year.
CA is one of the most reputed job profiles in India. It is one of the best courses after B.Com. The job profiles as a CA are generally related to audit, taxation, and due diligence. The course is quite difficult as the pass percentage is quite low. However, if you are dedicated and loyal to the subject, you can opt for CA. As a CA, you can open your own firm or work for an organization as well. You can also work for MNCs after CA.
Duration: Around 3-4 Years. It has 3 stages: CPT, IPCC, and CA Finals. You are also supposed to do an internship of about 2.5 years before CA Finals.
Average Salary: As a Chartered Accountant, you can easily earn between INR 7-8 Lakhs per year.
Chartered Financial Analyst(CFA)
If you want to go international with your job, this is one of the best courses that you can do after B.Com. It is all related to core finance. The job profiles are mainly portfolio management, equity research, valuation analyst, and stuff like that. So if you are interested in core finance and want to work abroad or for an MNC, this is a good choice.
Duration: About 2 Years. It has three exams, namely CFA Level I, II, and III. CFA Level I exam is held in June and December. At the same time, Level II and III are only held in June.
Average Salary: As a CFA, you can earn between INR 5-6 Lakhs per year.
Post-Graduation Courses after B.Com
Now we are at our final subcategory of courses. This is the best post-graduation course after B.Com. Before we get into the courses themselves, there are certain things that you need to know.
First of all, post-graduation and further studies should only be pursued by people who are actually interested in the subject and really want to achieve something in the particular field. The second most important aspect is money. If you have decided to further studies in the field, make sure that you do not have too many money problems and family responsibilities.
Overall, the real sense is that you only opt for post-graduation if you are interested in the subject and that family responsibilities and money problems do not bind you. Some side-gigs can manage the money problem.
Also, a quick side note, if you have decided to do post-graduation, make sure that you do it from the top ivy-league colleges because only then will you get a good exposure. With that said, here are the best post-graduation courses after B.Com:
MBA is one of the best post-graduation courses for anyone who wants to expand their expertise in business and how they work. It also gives you more practical knowledge of general management. Depending on the area of expertise, you can have many job profiles in finance, marketing, HR, and other areas.
Duration: 2 Years.
Average Salary: A B.Com Degree combined with MBA, you can easily earn between INR 5-6 Lakhs.
MCom(Masters of Commerce)
It is not one of the popular choices out there, but it is still a good option. It is good to opt for MCom if you are interested in academia, teaching, or research. It is basically the advanced version of all the things that you have studied in B.Com. The job profile is almost quite similar to B.Com. You can, however, go for the Assistant Professor post by giving NET(National Eligibility Test).
Duration: 2 Years
Average Salary: With an MCom Degree, you can earn between INR 3-6 Lakhs per year.
So that was all about the best courses after B.Com. If you are interested in teaching at the school level, you can also do BEd after B.Com.
Read about the best GST courses in Hyderabad here
Q. How is Career Scope in BCom?
Ans- There’s good scope for building a career in the finance industry after B.Com, the students may then choose to prepare for becoming CA, try for government civil examinations like UPSC, and more.
Q. Can I get a job after B.Com?
Ans- Yes, you may try and get a job after B.Com however, a majority of the students apply for M.Com or MBA.
Q. What are the jobs for a B.Com Graduate?
Ans- There are plenty of opportunities for a B.Com graduate such as accounting and auditing, tax advisory services, financial services, commercial banking, and more.
That was all about B.Com, and we discussed in-depth B.Com and the job opportunities after B.Com. We also discussed the best courses after B.Com and highlighted the reasons you should opt for a particular course over another. It all comes down to your preferences. If you want to make money, just go for some certification courses or professional courses. If you really want to go in-depth in your subject, then you should do post-graduation courses.
It is always recommended to get some additional certificate courses after increasing your skills and have better job opportunities. I hope this article will help you in deciding the right course or career path for you.