- jaro education
- 22, January 2024
- 1:00 pm
Bachelor of Commerce or B.Com is one of the most sought-after streams among students in India. On average, more than 40 lakh students opt for this course every year. Every BCom graduate has a thorough knowledge of Finance, Economics, Taxation, Accountancy, Business Law, Banking etc. If you are planning to secure a career that involves any of the above specializations, B.Com is just the career for you.
After completing their 12th, students from a commerce background look for any of these BCom specializations while enrolling in college. However, with the advent of online learning, students are no longer restricted to pursuing traditional in-class college lectures. For students who need to support their families and have opted for part-time jobs but still aspire to further their education, the Online B.Com course offered by Manipal University, Jaipur, can be a go-to choice. With this, they can not only keep earning to support their family but also graduate with a degree that will open up a world of opportunities in the near future.
However, if you are willing to know more about jobs after B.Com and salary, here is a cumulative guide that offers all the valuable insights before you take the first step of enrollment.
Why Should You Opt for a B.Com Course?
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.
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A B.Com graduate possesses a solid foundation in 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.
What is the Career Scope With a B.Com Degree?
After graduating with a B.Com degree you can try your hands out in various sectors. You can get hired in practically every field of employment out there. This is because commerce is an essential discipline that most employees favor over others. Furthermore, you can also choose to upskill yourself and continue your education after graduation.
The employment opportunities for B.Com graduates expand rapidly and will continue to raise bars in the future. You can choose to become a clerk, operations manager, financial manager or accountant, or can go for MCOM, MBA or other commerce-related courses to build your educational proficiency.
List of Courses after Completing 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 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, this course is the perfect fit for you. However, your career will solely depend on the credibility and recognition of the institute you select for the course.Â
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.
Masters in Accountancy or Finance
The technical aspects of quantitative methods and finance are taught in this course which allows you to have a better grasp on numbers and make a career out of it. The usual duration of this course is 1-2 years.
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 (CS)
If you want to become the Managing Director, executive secretary or CEO of a company, this is the course you should opt for. 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 have completed your undergraduate B.Com degree, you can directly pursue the Intermediate level.
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 Options after B.Com?
Since there is always a demand for skilled people, career options in the field of commerce are a lot more promising. If you have a passion for this ever-expanding sector, you must be focused, driven and dedicated. Moreover, what career you want to choose solely depends on your goals, aspirations and core interests.
To make things a little easier for you, here are some of the most coveted job roles for B.Com graduates:
Auditor
An Auditor is a professional who examines financial documents certifies their authenticity and guarantees that all businesses follow tax rules and regulations. If you have a knack for preventing fraud and ending corruption, this might be the job role for you. An auditor also raises attention to gaps and glitches in accounting methods and might occasionally work as a consultant assisting organizations in finding ways to improve operational effectiveness.
Accountant
These are specialists who conduct activities such as audits, account analysis or analyzing financial statements of a business. They can either work for large companies or accounting companies or both.
Business Executive
A Business Executive is someone who is meant to monitor a company’s management. The nature and job roles of these positions differ from corporation to corporation. Governments and organizations are led by these executives who devise business strategies for growth and expansion.
Tax Counsellor
The primary responsibility of these individuals, as the name suggests, is to assist organizations and people in paying their taxes timely. Their areas of expertise include tax collection, tax planning and tax law. Both firms and individuals can use their advice to keep their businesses on the right track.
Financial Analysts
These professionals carry out numerous research duties required to support their clients in investment plan judgments. They necessitate strong statistical and analytical abilities that include a large amount of data.
What Jobs Can You Get After B.Com?
After completing a B.Com degree, you can find plenty of opportunities in both the private and government sectors. While most candidates go for taxation and accounting, others prepare for competitive exams. If you are looking for high-paying jobs after earning your undergraduate degree, here are some of the roles you can go for.
Jobs in the Private Sector
There are several job opportunities in the private sector as compared to the government sector. Some of the most popular job profiles are:
Stock Broker
They are individuals who sell and buy stocks and securities in return for a commission or fee.
Budget Analyst
These professionals prepare the budgets of the companies and also curate budget reports.
Actuary
These professionals are the ones who analyze the financial cost of uncertainty and risks. They use a combination of financial theory, Mathematics and Statistics to assess the risks of potential events.
Human Resource Manager
These professionals hold a crucial position in the administration and management of a company. They interview, recruit, hire and onboard new staff. Moreover, they serve as a link between the organization’s management and employees.
Jobs in the Government Sector
Even though the government sector is not as well-flourished as private ones, here are some opportunities you can find:
Probationary Officer
These professionals are in charge of handling customer complaints and other issues. They can also be employed for supervising, managerial work, managing cash flows, finances, loans and mortgages.
Bank Clerk
These are professionals employed to keep records of withdrawals, deposits, loans and mortgage payments.
RBI Grade B Officer
These individuals handle market development and regulations, data research and analysis and also generate surveillance reports.
RBI Assistant Manager
These individuals maintain files that include ledger, balance sheets, reports, etc. They also handle data entries of all transactions made to date and respond to email queries.
Associate Professors
They are responsible for teaching students and guiding them through the professional courses. They offer notes, study materials and other resources to help them in their research projects.
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What is the Average Salary of a B.Com Graduate?
The scope and salary of government and private firms where B.Com graduates get employed depend on the candidate’s credentials and experience. It is dependent mainly on your experience and expertise, and you can witness a substantial increase with time.
The given table provides an approximate insight into the salaries according to various job roles:
| Job Position | Average Annual Salary |
|---|---|
| Accountant | 3.3 LPA |
| Operations Manager | 10.7 LPA |
| Finance Manager | 17.4 LPA |
| Stock Broker | 2.8 LPA |
| Auditor | 4.2 LPA |
| Banker | 4.6 LPA |
| Chartered Accountant | 11.2 LPA |
| Cost Accountant | 7.2 LPA |
| Chief Financial Officer | 46.7 LPA |
| Bank Manager | 9.6 LPA |
| Human Resource Manager | 12.2 LPA |
| Sales Executive | 3.1 LPA |
| Marketing Manager | 12.5 LPA |
| Company Secretary | 7.9 LPA |
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What are the Benefits of Pursuing a B.Com Degree?
There are several perks that can be availed by B.Com graduates. Some of them are listed below:
- The program aims to offer an in-depth knowledge of finance, business management, accounting and economics that paves the way for varied career paths in diverse sectors and industries.
- They are equipped with various problem-solving and analytical skills that make them reliable assets for banking, taxation, finance and other commerce-related fields.
- The program offers numerous opportunities to receive real-world experiences through various internships that, in turn, increase the candidate’s chances of employment.
- A B.Com degree serves as a power package to score some of the most influential designations with significant high pay packages in various multinational companies.
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
As you explore the vast world of B.Com and pursue your dream jobs with the right qualifications, it’s crucial to recognize and address the challenges that may come your way. So 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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