According to the AISHE report 2020-21, 43.22 Lakh Indian students enrolled for the BCom course in India. As this course offers numerous career benefits and options it is one of the most sought career options for commerce/management students.
But what after BCom? How to select the right career option?
To select the best career option, students must possess knowledge of different job options and higher education career options after BCom. And to help you out in making the right and informed decision, in this blog, we have included details of various courses and job options through which you can establish a successful career in the commerce industry.
BCom- Course Introduction
BCom is an undergraduate course that offers a detailed study of the subjects of commerce such as taxation, accountancy, economics, business law, financing, etc. Students who are aware of the scope of BCom accounting and finance and want to enter into this industry pursue BCom courses.
Key highlights of the BCom course
INR 1.98 LPA
Career options after completing BCom
A Plethora of job opportunities after BCom is available for its graduates in the private and Government sector. Students can look for employment opportunities in insurance companies, non-banking financial companies, commercial banks, co-operatives, etc. for the below-mentioned Job Positions-
Jobs after BCom
Students without joining masters after BCom can apply for these job positions in corporate companies-
An auditor is a professional who examines financial documents, confirms their accuracy, and makes sure businesses adhere to tax regulations. They identify inconsistencies in accounting practices and safeguard organisations from fraud.
The insurance agent brings new clients to the organisation by reaching out to customers and persuading them to buy insurance policies.
An investment banker job is considered one of the best career options after BCom. They assist their clients in raising finance on the capital markets by selling debt or equity in the businesses. Other responsibilities include guiding clients through mergers and acquisitions (M&As) and providing them with information on specialised investment options like derivatives.
A tax consultant’s or advisor’s main responsibility is to assist individuals and organisations in filing their taxes by using their knowledge of tax law, tax strategy & tax observance.
Business consultants examine organisational procedures, pinpoint flaws, and make recommendations on a variety of business-related topics to improve organisational performance.
Account executives are hired in various industries to cultivate new client relationships and maintain those with current clients.
Accounts manager ensures that each department satisfies the needs of its clients and customers. They oversee and address client grievances, resolve problems, and maintain favourable relationships between the parties to foster future commercial dealings.
Business analysts use data to generate business insights and suggest required modifications to organisations that will improve productivity and solidify company procedures.
Higher education options after B.Com
The scope of BCom Students is wide in the case of higher education options. They can choose to pursue postgraduate courses, short-term certification courses, professional courses, and also courses abroad.
Let’s learn about these courses in detail-
To enhance knowledge, career opportunities & salary package students pursue postgraduate courses. The most common PG courses after BCom are-
- Master of Commerce
- Master of Management studies
- Master of Business Administration
There are various job-oriented short-term certification courses after BCom that you can pursue to add a specialised skillset to your resume
- Financial Risk Manager certification
- Business Accounting and Taxation (BAT)
- Certified Finance Planner
- Financial modelling
- Chartered Financial Analyst (CFA)
Pursuing a master’s degree after BCom is a common higher education but to make the most successful and profitable career in the commerce industry, you can check out these professional courses after BCom–
- Chartered Accountancy
- Company Secretary
Courses after BCom abroad
Apart from pursuing a master’s degree such as an MBA, or master of finance/economics/Business analytics courses, you can also pursue the below-mentioned courses after B Com in abroad to make a satisfying career.
- Certified Management accountant
- US Certified Public Accounting (CPA)
- Association of Chartered Certified Accountants (ACCA)
- Certificate in Investment Banking
Reasons to Choose Universal AI University for BCom Courses?
- The experienced faculty members at our college provide the best BCom campus placement in companies like Asian paints, Adidas, Deloitte, American Express, IDFC First Bank, etc.
- This is India’s 1st AI University that teaches every course with a multidisciplinary approach and with artificial intelligence technology.
- We also promote experiential learning by including research work, projects, and internship programs in our course.
- Our University also promotes entrepreneurship career options after BCom, through our incubation centres where they nurture the startup idea with infrastructure, mentorship, capital, etc.
As you have gained knowledge of different career options after BCom, now you can analyse these courses and job options based on your career goals, skillset, and interest area. And if you still face any confusion in choosing your career option, you can take help from your professors, peer group, seniors, or the career counselling team of your University.
Frequently Asked Questions
- Which career is best after BCom?
Chartered accountancy, company secretary, and jobs in investment banking are the best career options after BCom.
- Is BCom a good degree?
Yes, BCom is a good degree for students who are aiming to make a career in finance & banking-related industries. This course offers numerous career opportunities for jobs as well as lay a strong foundation for higher education courses.
- Which type of BCom is best?
For students who want to pursue BCom Hons., BCom finance is the best course for them. But if you are someone who’s not sure about the specialisation, then pursuing BCom general is best for you.
- What is the highest salary of BCom students?
Investment bankers earn the highest salary after gaining some years of experience after BCom. With an average salary of 586440 Rs. they can earn up to 40 lakhs per annum.
- What is the future scope of BCom students?
The scope for BCom students of top Universities in India is bright as the big business houses and startups are ready to pay lucrative offers to hire skilled manpower. Additionally, they have the option to apply for government jobs or can enter the field of academics.