To graduates who are unaware of the best career options after B.Com, we provide the best career and the most lucrative jobs waiting for them right after B.Com.
Bachelor of Commerce (B.Com) is one of the most popular and preferred courses among commerce students after 12th Commerce. In the final year, B.Com students have always gone through the same never-ending, repeating thoughts of what happens after B.Com? What are the best career options after B.Com in India?
It is not easy to find high-paying jobs for B.Com graduates if one has not chosen suitable courses after B.Com. This article will enlighten you on the best career option after B.Com, the most preferred and most popular among B.Com graduates.
Table of Contents:
9 Best Career Options After B.Com in India
Students can enrol in various courses as per their interest, passion, and the ability to pursue the course. Thus, after completing their B.Com from a renowned university, a candidate can pursue tons of career options.
There are several career options available to students after completing a graduate degree at B.Com. Still, not all students are aware of the different programs they can take to establish a flourishing career. Therefore, before selecting a career option based on a candidate must do proper research.
Below are the best career options after 12th listed in the order of highest average salary offered.
|Careers After B.Com||Average Salary (Per Annum)|
|Financial Risk Management||INR 11.61 Lakh|
|Actuarial Science||INR 10 Lakh|
|Chartered Accountant (CA)||INR 7.98 Lakh|
|Certified Management Accountant (CMA)||INR 7.97 Lakh|
|Chartered Financial Analyst (CFA)||INR 6.93 Lakh|
|Company Secretary (CS)||INR 5.88 Lakh|
|Association Chartered Certified Accountant (AACA)||INR 5.87 Lakh|
|Digital Marketing||INR 3.48 Lakh|
|Bachelors of Education (B.Ed)||INR 3.39 Lakh|
|Other Career Options After B.Com||-|
Financial Risk Management
Financial Risk management is the professional designation for a Financial Risk Manager. The course can be taken after undergraduate, but it is generally advised to do it after graduation. It takes about 1.5 to 2 years to clear part 1 and part 2 of the FRM examinations.
It is divided into two levels or parts, and the student has to sit for both levels. Examinations are conducted twice a year. The students are selected on merit based on their scores in the examination. The maximum examination fee for both exams is INR 60,000 and INR 50,000.
Financial Risk Manager professionals are employed in the following sectors.
- Traditional Asset Management
- Non-Financial Corporations
FRM is one of the best courses to pursue after completion of B.Com. After completing this course, the basic salary offered for an FRM is INR 3.19 Lakh per annum, and the highest salary offered was INR 20 Lakh per annum in India.
There are two parts of the examination under the Actuarial course that a student has to sit for and for the certification and clear both the parts.
The subjects offered under this course are:
- Computer Science
- Statistics and Finance
After completion of the course, a candidate can become:
- Business Analyst
- Budget Analyst
- Analyst Intelligence Agencies
- Research Analyst
- Financial Analyst
- Insurance Claims Adjusters
The salary depends on the candidate's skill sets and the company's policies. The basic salary offered is INR 3.39 Lakh per annum, and the highest salary offered is INR 40 Lakh per annum.
Chartered Accountant (CA)
Chartered Accountancy is challenging professional courses, with a course duration of 3.5 years. In India, CA is the most respected and challenging designations. Many students try and fail, but completing a few years in a CIA is considered valuable. The course can be pursued after B.Com with minimum eligibility of 50% aggregate in bachelors.
The course mainly includes three exams:
- A Final Exam
The exams are conducted by the Institute of Chartered Accountancy of India (ICA). The course familiarizes you with auditing, Tax Laws, Taxation, Business Laws, and Corporate Laws.
Top Companies Hiring CA's
CA's are widely hired by banks for auditing and other accounting-related activities. The CIA is one of the highest-paid jobs in India. The basic salary offered is INR 4.17 Lakh per annum, and the highest salary offered is INR 20 Lakh per annum.
Certified Management Accountant (CMA)
Certified Management Accountant is the best course if one wishes to work in the world's banking industry. CMA's banks hire CMA's for auditing and accounting work. ICA conducts the CMA in 3 levels covering various accounting-related topics that must be cleared within three years of registration.
The student should have a bachelor's degree to pursue this course. There are two parts of the examination that a student has to sit for, and the certification has two exact parts. CMA is a certification program offered by the Institute of Management Accountants (IMA), USA, and the Institute of Certified Management Accountants (ICMA), which is involved in regular review of the content and is the best career option after B.Com.
The CMA certification opens career opportunities to the following positions.
- Financial Manager
- Financial Analyst
- Financial Risk Manager
- Financial Controller
- Cost Accountant
- Chief Financial Officer
- Cost Manager
- Relationship Manager
Top Companies Hiring CMA's
The CMA's job opportunities are enormous and primarily employed in banks, giant industries, and companies like Cognizant, KPMG International, DHL, etc. The average basic salary offered is INR 7.97 Lakh per annum.
Chartered Financial Analyst (CFA)
With 5000+ private jobs daily, Chartered Financial Analyst (CFA) is the highest insignia of professional excellence in the investment industry. CFA, a certification program globally recognized and offered by the CFA Institute, is conducted at three levels. There are three kinds of curriculum that includes a self-study package, live online training, and classroom training. Being a CFA will also help make your dream of moving abroad easier and smoother.
Top companies Hiring CFA: The job opportunities for the CFA's are enormous and primarily employed in banks and giant industries, as well as in companies like Morgan Chase, UBS, Citigroup, and Bank of America with average salary packages ranging from INR 2.96 Lakh per annum to INR 20 Lakh per annum according to Payscale.
Company Secretary (CS)
Company Secretary is one of the critical job roles in an organization. A Company Secretary program is a 3-year duration program that falls under corporate law.
The program constitutes three levels that are:
- Final Stages
Note: All three stages need to be completed to become a CS.
CS is accountable for handling all the legal aspects of an organization. Company Secretaries mainly focus on the company's tax returns, maintaining tax records, offer actionable advice to the board of directors, and ensure that all the legal and statutory regulations are met. Top companies Hiring CS: All organizations need CS for the smooth functioning of the organization legally.
It is again divided into three parts:
- Eight Months for Foundation Program
- Nine Months for Executive Program
- 10 Months for the Professional Program
The fee structure is also divided into three parts:
- Foundation is for INR 3,600
- The Executive Program is for INR 7,000
- The Professional Program is for INR 12,000.
The salary package offered to CS in India range from INR 2.98 Lakh per annum to INR 20 Lakh per annum.
Association Chartered Certified Accountant (AACA)
ACCA, the Association of Chartered Certified Accountants is a global professional accounting body offering the Chartered Certified Accountant qualification. ACCA course duration after B.Com is around two years, depending on the candidates appearing for the examinations. As a result, an ACCA individual can secure a job at consulting, advising, fund management and taxation, etc. The course fee is around INR 3 Lakhs. The candidate appearing for this course must have a Bachelor's degree.
In this course, major topics include:
- Chartered Accounting
- Financial Accounting
- Maintaining Chartered Accounts
- Risk Management
- Mergers and Acquisitions
- Working Capital Management
- Business Valuation
The pay scale generally ranges from INR 2 Lakh per annum to INR 10 Lakh per annum. It could go higher too, depending upon the candidate's skills, company's demands, competition, etc.
Digital marketing has been through significant development in recent times, with 18000+ jobs requirement in the industry. Digital Marketing is a revolution that has influenced every industry and sector possible. The program is a job-oriented professional course with a hands-on program built to give end-to-end career support; it is one of the hottest career choices.
The students undertake this course to learn different marketing techniques like:
- SEO (Search Engine Optimization)
- SEM (Search Engine Marketing)
- Email Marketing
- Social Media Marketing
Any Graduate student interested in pursuing the course can give a certified examination for the admission process. The general course fee is about INR 35,000 for DMCA (Digital MArketing Certified Associate) Certification. This program can be pursued after B.Com, and the course lasts 1 to 2 years, depending on the digital marketing program.
Someone who holds this degree can become a:
- Digital Media Marketer
- SEO Executive
- Social Media Marketing Expert in Startups, Mid Level, and MNC Companies
The average salary that the student gets after completion of the course is INR 12,000 to 15,000 per month.
Top Companies Hiring for Digital Marketing
Digital Marketing offers numerous job opportunities for the best companies like Amazon, Accenture, Dell, Cisco, Infosys. The basic salary offered is INR 1.74 Lakh per annum, and the highest salary offered is INR 6.86 Lakh per annum.
Bachelors of Education (B.Ed)
Bachelors of Education (B.Ed) is pursued to undertake Teaching as a career. It is not an undergraduate course; one has to complete his graduation for this course. B.Ed is a professional course, and the student can get a job right after completing this course at the School- Level.
The course can be pursued both in distant education or regular mode. There is primarily no age bar for this course. B.Ed admission at almost all the colleges is through the entrance examination. It is a two-year-long post-graduation program.
Someone who holds a degree in education can become:
- Academic Coach
- Education Specialist
- Board Member
The annual fees range from INR 6,000 to 1 Lakh per annum, depending on the institution you choose. The average salary offered after completing this course is from INR 1.17 Lakh per annum to INR 6.63 Lakh per annum.
Other Career Options After B.Com
The above best courses after B.Com are sure to land you a great job that provides the best career opportunities and motivates you to push further into the professional world.
Below are the list of other career options after B.Com.
- Head Start in Investment Banking
- Certificate in Investment Banking (CIB)
- Government Jobs/ Banking jobs
- Certified Financial Planner
- Financial Insurance Consultant
- Company Law Assistant/ Corporate Legal Assistant
- Tax Advisory Services/ Tax Consultant
- Financial Analyst
- Financial Modeling
- Business Accounting and Taxation (BAT)
- Actuarial Science
The above lists show some of the great career options after B.Com. B.Com graduates should select the program based on their career choices and select the best career option after B.Com. For all young minds questioning what to do after B.Com, one needs to check the amount of time, the challenge level, and the interest level one has for the program before deciding which course to choose after B.Com.
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