Salary and Job Opportunities for B.Com Graduates
Table of Contents
- jaro education
- 22, January 2024
- 1:00 pm
Are you interested in a career in business, economics or finance? Then a B Com degree might be just what you are looking for. A Bachelor of Commerce is the most comprehensive foundation for those who want to enter the business world. Every B Com graduate has a thorough knowledge of Finance, Economics, Taxation, Accountancy, Business Law, Banking etc. This is learnt over 3 years and 6 semesters. In this blog, we will dive deep into the B Com scope, best courses after B Com and jobs after B Com and salary scales so that you can make a more informed decision about your future educational and career paths.
Why Should You Be a B Com Graduate?
Being one of the most coveted undergraduate programs, B Com offers a wide range of career and job opportunities. Since commerce is a vital sector of the nation and has a significant impact on the economy, a B Com graduate is required at every step of the way. Moreover, the developing economy has curated a plethora of job opportunities for the business sector that makes a Bachelor of Commerce a wise choice for a rewarding professional career.
The purpose of this course is to equip students with managerial competence in subjects like accounting, administration, taxation and finance. Students can select their specialization as per their passions and educational goals. The regular B Com course allows the students to learn all of the above-mentioned subjects in a nutshell, while the Hons category is designed to provide an in-depth understanding of specific fields.
A B Com graduate possesses a solid foundation in financial management and financial planning, making them a great asset for any company. This can further open up doors for other qualifications like an MBA, executive MBA or even CA. This course helps you to widen your career scope and increase your expertise, experience, and pay scale. Another reason why you should look for a B Com specialization is that it offers access to a variety of job opportunities both in the public and private sectors.
Online B Com with Manipal University Jaipur
The B Com scope that Manipal University Jaipur offers is immense. Its online education provides students with an industry-aligned curriculum designed by experts with decades of experience. They also focus on the foundations of commerce that will advance your career for years to come by applying theory to practical situations.Â
Mentorship is one of the key points for your B Com graduate degree. The potential for great jobs after B Com and salary is extremely high because of their guest speakers, an experienced faculty and everyday learning they bring to the table. You will cover key subjects like accounting, finance, taxation, economics and business law and apply it to every assignment and project based on real-world simulations. They also have an extensive network of alumni, extending opportunities to connect and progress in the industry. Internships and case studies are also integrated into the curriculum.
Lastly, they also provide holistic guidance into the real world with placement assistance and training. They ensure that students gain hands-on experience and skills that are relevant and give you a competitive edge.
What is the B Com Scope?
Commerce is the bedrock of every business across all industries. This means the jobs after b com and salary options are vast and varied, giving you exciting opportunities in various fields.Â
You can establish a career in various sectors, from private to public and from a junior to a super senior level. Employees favor B Com graduates because you are adept at all-round skills needed to run business operations. Furthermore, you can also choose to upskill yourself and continue your education after graduation.
The employment opportunities for B Com graduates expand rapidly if you also choose to study further and specialize in your niche. Your area of expertise decides your job role and seniority, along with B Com salary in India. The passion and commitment you show to the field will continue to raise the bar for you and your business in the future. You can choose to become a clerk, operations manager, etc., or get into financial management or accountancy. You can also pick top online MBA colleges and study further to build your educational proficiency.
List of Best Courses after B Com
If you want better jobs after B Com and salary, then you must focus on continuing your education after graduation. For that, you need to opt for a postgraduate course that will not only allow you to acquire additional knowledge and skills but also widen your career opportunities.
Here are a few of the specialized courses you can opt for after graduation:
MBA
MBA course is a two-year long course that allows you to have various networking and job opportunities upon completion. If you want to opt for a managerial role or start your own business, top online MBA schools are the perfect fit for you. This is because your career will solely depend on the credibility and recognition of the institute you select for the course. You will specialize and build on your B Com degree, making your expertise more niche and your skills more marketable.
M Com
M Com is one of the most sorted routes selected by B Com graduates. It is an advanced version of B Com, where you are required to do a systematic study on the core commerce subjects. It is an excellent course of study if you want to enter highly number-based careers, especially in academia.Â
Master's in Accountancy or Finance
The technical aspects of quantitative methods and finance are taught in this course. This allows you to grasp numbers better and make a career out of it. The usual duration of this course is 1-2 years.
B Com graduates also simultaneously focus on professional certifications while getting their degree. If you want a more extensive list involving professional courses that can be pursued with a B Com degree, they are as follows:
Company or Corporate Secretary (CA)
If you want to become the Managing Director, executive secretary or CEO of a company, this is the course you should opt for. It delves into corporate governance, legal compliance, company law, and effective financial management and operations. The best part about this course is that it comes with various job opportunities and immense potential.
Chartered Accountant (CA)
This course has 3 levels: Foundation, Intermediate and Final. Once you are a B Com graduate, you can directly pursue the Intermediate level. It tests your advanced and niche skills in accountancy, accounting principles and crunching numbers.
Certified Public Accountant (CPA)
The Certified Public Accountant course runs for 1 year and is regarded as an international course that is meant to open various opportunities in the field of CFO and accounting positions.
What are the Career Opportunities after B Com?
The demand for skilled B Com graduates is always high. Your skills are important in running any business. So, if you have a passion for commerce and finance, you can look at the different sectors where your skills are needed. Moreover, what career you want to choose solely depends on your goals, aspirations and core interests.
After becoming a B Com graduate, you can find plenty of opportunities in both private and public sector companies. You can also go for jobs after B Com and salary packages or study for competitive exams. If you are looking for the highest-paying jobs after earning your undergraduate degree, you are at the right place.
*wallstreetmojo.com
To make things a little easier for you, here are some of the most coveted job roles for B Com graduates.
1. Auditor:
An auditor examines the financial statements of a business and approves their authenticity and accuracy. Essentially, they are adept at tax rules and regulations, along with accounting principles. They make sure that they prevent fraudulent and corrupt practices with the company’s finances. As an auditor, you find gaps in the accounting methods and find ways to improve operational efficiency with sound financial management methods.
Salary average per annum*:
| Junior-level Auditor | Rs. 3 lakhs |
| Mid-level Auditor | Rs. 5.1 lakhs |
| Senior-level Auditor | Rs. 13.4 lakhs |
*Ambition Box
2. Accountant:
Accountants conduct audits and financial data analysis. In a nutshell, they crunch the numbers in the financial statements and give the company the final numbers. They can work in-house for the company or work for an accounting company and get their skills employed across companies.
Salary average per annum*:Â
| Junior-level Accountant | Rs. 2.5 lakhs |
| Mid-level Accountant | Rs. 3.4 lakhs |
| Senior-level Accountant | Rs. 4.7 lakhs |
*Ambition Box
3. Financial Analyst:
New technology trends have led to data analysis. Finance is one of the most prominent industries to adapt to data. Financial analysts use data to judge the future of investments, profitability, budget and growth. They necessitate strong statistical and analytical abilities that include a large amount of data.
Salary average per annum*:
| Junior-level Analyst | Rs. 4.6 lakhs |
| Mid-level Analyst | Rs. 6.2 lakhs |
| Senior-level Analyst | Rs. 8.5 lakhs |
*Ambition Box
4. Human Resource Manager:
HR manager is one of the most popular B Com jobs. They focus on employee administration and management within a company. This includes hiring new employees and strategies for employee upskilling and retention. Moreover, they serve as a link between the organization’s management and employees.
Salary average per annum*:Â
| Junior-level HR Manager | Rs. 5.1 lakhs |
| Mid-level HR Manager | Rs. 7.7 lakhs |
| Senior-level HR Manager | Rs. 11.1 lakhs |
*Ambition Box
5. Tax Auditor/Counsellor:
A tax expert is key in organizational compliance with the law. They work with individuals and entities to pay timely taxes. For starters, they need to have an excellent understanding of tax laws, so that they can plan and collect taxes efficiently. Their advice keeps operations efficient.
Salary average per annum: Rs. 7.8 Lakhs
6. Business Executive:
A Business Executive is a great job after B Com and salary options prove to be lucrative too. This is an umbrella term for many management roles like project manager, administrative manager or logistics manager. Their role is to devise business strategies to improve efficient operations, financial management and overall profitability.Â
Salary average per annum*:
| Junior-level Project Manager | Rs. 8.1 lakhs |
| Mid-level Project Manager | Rs. 13.2 lakhs |
| Senior-level Project Manager | Rs. 18.3 lakhs |
*Ambition Box
7. Stock Broker:
The role of a stock broker is to buy, sell and trade stocks, bonds and other financial assets on behalf of someone. They are key in providing sound financial management advice and managing portfolios. Their knowledge in market trends and financial regulations will help clients maximize monetary results.
Salary average per annum: Rs. 3 lakhs and depends on your every day operations.
8. Bank Manager:
One of the best jobs after B Com and salary packages is from being a bank manager, either for a government or a private bank. Essentially, a bank manager oversees daily bank operations, ensuring smooth services and customer care. They manage everything- the staff, financial transactions, loan approvals and regulatory compliances. The B Com scope broadens with banking jobs because you have the potential to climb up to senior roles fast.
Salary average per annum*:Â
| Junior-level Bank Manager | Rs. 6.5 lakhs |
| Mid-level Bank Manager | Rs. 8 lakhs |
| Senior-level Bank Manager | Rs. 9.5 lakhs |
9. Risk Analysts:
A financial risk analyst identifies, analyzes and ultimately, minimizes potential risks in the financial aspects of any business. They understand market trends and use them to build solid investment portfolios. Understandably, they have one of the most high-pressure jobs in the financial space because they need to safeguard the company’s assets.Â
Salary average per annum*:Â
| Junior-level Risk Analyst | Rs. 7.1 lakhs |
| Mid-level Risk Analyst | Rs. 8.9 lakhs |
| Senior-level Risk Analyst | Rs. 9.5 lakhs |
*Ambition Box
10. Academic:
B Com graduates go on to do a master’s and a PhD in commerce to become academics. This could involve research, market trend study or even becoming a professor at a top university in the country.
Salary average per annum: Rs. 3 lakhs
What are the Benefits of Pursuing a B Com Degree?
The B Com scope offers a wide array of benefits. Firstly, it is one of the most popular undergraduate programs for people who want to enter the finance sector. It sets you up for a successful career in numbers. Let’s dive in!
1. Key Foundations in Commerce:
To be in B Com jobs, you need to have in-depth knowledge in the key areas of commerce such as accounting, finance, economics and business law. This theoretical knowledge acts as the basis of your job roles in the industry, improving your potential for professional success.Â
2. Qualitative Skills:Â
You will improve your analytical, communication, problem-solving and decision-making skills with a B Com degree. This is because you apply the theoretical cornerstones of commerce into practice. How? via assignments, projects and peer-reviewed thesis submissions.
3. Entrepreneurial Drive:
A bachelor’s in commerce also builds a passion for all aspects of business and a keen understanding of business management. Moreover, it equips students like you with mock simulations, fests and brainstorming sessions. All this sculpts you into a potential future entrepreneur.
4. Networking Opportunities:Â
Through a rich alumni network, internships and mentorships, the B Com scope provides varied opportunities for you to connect with the industry. You can build your brand and make yourself a part of the network, setting yourself up for a successful career.
5. Professional Courses:
A B Com degree provides an excellent segue into various professional certifications. This includes Chartered Accountancy (CA), Company Secretaryship (CS) and more. Students aspiring to specialize further in finance, taxation, or law often pursue these best courses after B Com for advanced career opportunities.
6. Career Opportunities After B Com:
A B Com graduate has several career options across business industries. This includes banking, accounting, finance, marketing, Human Resources and insurance. Specialists also get into business data analytics and law. Several jobs after B Com and salary options open up in the government sector as well.
7. Specializations:
In the final semester of a B Com degree, you can choose between multiple B Com specializations. This includes accounting, finance, marketing, banking, international business (IB) or HR. Depending on your potential career trajectory, you can choose to gain more expertise in one of these domains.
Whether you enter the workforce from here or seek higher education options, a B Com is the basis for a successful career. It equips you with the skills to succeed in the business world. This is why a B Com degree is considered lucrative and exciting!Â
What are Some of the Challenges Faced by B Com Graduates?
Earning a B Com degree and walking into your desired profession is not an easy fate. Here are some of the obstacles you might encounter along the way:
- B Com graduates face fierce competition that makes job opportunities quite limited.
- Some employers might give more importance to candidates possessing additional practical experiences along with their degree.
- With the industry evolving, candidates are required to constantly upskill themselves so that they stand out from other contenders in the competitive job market.
- Some students who might not have done internships or do not possess any additional skills might find it hard to excel in this field.
Final Thoughts
Make sure to choose the best course after B Com, may it be a higher education, certifications or a job. Jobs after B Com and salary options are lucrative and worth exploring. You can get your dream role by choosing a bachelor’s in commerce and learning about the business world. Make sure to recognize both sides of the coin– the benefits and challenges – before making your decision on the university, projects, internships and specializations you want to choose. Be intentional with your career path. Make sure you do your research carefully before jumping right in, as such courses enhance your chances of securing some of the most high-paying roles in the industry.
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