BCom is one of the most popular courses that most students opt for after completing high school.
However, just doing B.Com honors or any other specialization isn’t enough to get high-paying jobs.
If you’re in the last year of B.Com and have no idea what to do after it, then you should probably select a good course after completing the B.Com to build a well-established career.
There are a plethora of courses available after B.Com.
Best Courses After B.Com
Here are the five best courses you can take based on your interests if you want to land a high-profile job with a high salary package.
1. MCom ( Master of Commerce )
MCom is specifically designed for BCom graduates. It’s a two-year postgraduate course in commerce where you imbibe insights into various subjects such as banking, finance, business management, taxation, and many more.
If you want to build your career in finance, taxation, or BFSI (banking, financial services, and insurance), or you have completed graduation through BCom taxation or an other specialization then this could be the perfect course to pick.
Also, it polishes your skills and you end up learning a lot about business management. It helps to impart theoretical knowledge into the professional world.
You can fit into a variety of job profiles with MCom, including accountant, finance manager, account executive, and many others.
Some of the top-notch companies which prefer hiring MCom candidates are Accenture, Infosys BPO, Tata Consultancy Services, etc. The average salary you receive after BCom is Rs 3.8 LPA per annum.
2. MBA ( Master of Business Administration )
If you’re interested in starting your own company, joining a business, or want to get fit in high-profile jobs, then there’s no better option than pursuing an MBA.
An MBA is the most popular and preferable two-year post-graduation course. It helps to gain in-depth knowledge of business management, and you will end up developing insights into your preferred specialization.
CAT is a common admission test for all students who want to get admitted to a top-notch MBA university or business school. The CAT score and admission criteria differ from university to university.
You can either pursue a full-time MBA course from Top MBA College or even take a part-time MBA course.
After completion of an MBA, there are thousands of job profiles available, such as marketing manager, sales manager, operations manager, and many more. You get good job opportunities and job security.
Some gigantic organizations which actively recruit MBA graduates are Infosys, Accenture, Tata Consultancy Services, etc.
The average package for an MBA graduate starts at 7L and can extend up to 30L per annum.
3. CA ( Chartered Accountant)
Generally, you would find that every other person aspires to become a CA. CA is one of the most in-demand and reputable jobs, which you can easily do after the completion of BCom or can even get enrolled just after the completion of your high school.
Unlike an MBA, you don’t have to give CAT or CMAT. To become a CA, you have to give exams in three stages. You have to clear all three stages, along with an internship of around 2.5 years.
The duration of the course is three years, in which you might end up bagging a job in multinational companies such as Deloitte, ICICI Bank, McKinsey & Company, KPMG company, and many more.
Besides doing a job, you can also open your own chartered account firm. The average salary of a CA qualified starts at 7L/per annum, which isn’t bad and can extend up to 40L/per annum.
4. CS ( Company Secretary )
CS is one of the most popular and in-demand courses after BCom. If you like learning about the legal aspects of an organization or a firm, then this could be the perfect course for you.
To qualify as a CS, you have to pass a three-year course that includes three stages: foundation, intermediate, and finals. You should also know about corporate law.
The job role of CS is to maintain and manage the tax returns of the company, give legal advice to the board of directors, and meet the legal and statutory regulations of the company.
The average salary of a CS starts at 6L and can go up to 10L per annum.
5. CFA (Chartered Financial Analyst)
If you’re looking for a high-profile job with a high salary and job security, then this is the best option. This is a 2.5-year course offered by the globally recognized CFA Institute.
This course continues a variety of subjects in wide domains such as statistics, economics, advanced analysis and investments, security analysis, fixed income, alternative investments, portfolio management, and many more.
You have to pass three-tier exams to qualify as a CFA. Since it’s a prominent and highly recognized role, some of the top-notch companies prefer hiring such as Morgan Stanley, JP Morgan, UBS, Goldman Sachs, BlackRock, Royal Bank of Canada, and many more.
The average salary of a CFA starts at 7L per annum.
6. BAT (Business Accounting and taxation)
If you’re still confused about what to pursue after BCom and have a tad bit of an interest in accounting, then this could be the best option for you.
BAT has been specifically designed by industrial specialists for students who want to enter the world of accounting. This course will provide you with in-depth practical and experimental knowledge about accounting and taxation.
The course is vast and imparts great knowledge and skills in accounting. The topic includes financial reporting with ERP software, MIS and excel reporting, GST, direct taxation, payroll components of ESIC, and finalization of financial statements.
Once you complete the course, you can get a bunch of amazing job profiles such as tax consultant, company law assistant, accounts executive, finance manager, corporate law analyst, and many more.
The average salary of a BAT starts at 4 L/per annum.
How To decide which course is best for you after B.Com?
In this guide, we’ll explore the key considerations and steps to help you decide which course is best suited for you after completing your B.Com.
The first step in making an informed decision is to engage in self-reflection. Take the time to assess your interests, strengths, and long-term career goals. Consider the aspects of your B.Com studies that you enjoyed the most and those you found challenging. Understanding your preferences and passions will serve as a solid foundation for choosing a course that aligns with your aspirations.
B.Com graduates often have the opportunity to specialize in various fields such as finance, accounting, marketing, or human resources. Evaluate which specialization resonates with your career goals. For instance, if you enjoyed financial accounting, a Master’s in Finance or Chartered Accountancy might be a natural progression.
Industry Trends and Demand:
Research current industry trends and job market demands to identify areas with high growth potential. Seek courses that align with these trends, as they can enhance your employability and open doors to emerging opportunities. Keep an eye on sectors that are projected to expand and consider courses that cater to those industries.
Consider pursuing professional certifications that complement your B.Com degree. Certifications such as CFA (Chartered Financial Analyst), ACCA (Association of Chartered Certified Accountants), or CMA (Certified Management Accountant) can significantly boost your credentials and provide a competitive edge in the job market.
Networking and Guidance:
Connect with professionals in your desired field through networking events, seminars, or online platforms. Seek guidance from alumni who have pursued similar paths after their B.Com. Their experiences and insights can offer valuable perspectives and help you make a more informed decision.
Further Education Options:
Explore various postgraduate options, such as Master’s degrees, MBA programs, or specialized diplomas. Consider the duration, curriculum, and reputation of the institutions offering these programs. Some may prefer the comprehensive approach of an MBA, while others may opt for targeted Master’s programs in specific areas of interest.
Look for courses that provide practical exposure and real-world experience through internships, industry projects, or case studies. Practical knowledge is invaluable in today’s competitive job market and can make a significant difference in your professional journey.
Is pursuing an MBA a good option after B.Com?
The decision to pursue an MBA is multi-faceted, influenced by personal goals, career aspirations, and the evolving landscape of the business world. In this blog post, we delve into the intricacies of whether pursuing an MBA after B.Com is a commendable choice, exploring both the advantages and potential drawbacks.
Pros of Pursuing an MBA after B.Com:
- Skill Augmentation: An MBA program provides a comprehensive skill set that extends beyond the specialized knowledge gained during a B.Com degree. It hones leadership, strategic thinking, and decision-making skills, equipping individuals to navigate complex business environments.
- Career Advancement: Often considered a catalyst for career growth, an MBA can open doors to managerial and leadership roles. It provides a competitive edge in the job market, enhancing opportunities for promotions and higher salaries.
- Networking Opportunities: MBA programs offer an extensive network of industry professionals, alumni, and faculty. Networking is a key component of business success, and an MBA provides a fertile ground to build valuable connections that can last a lifetime.
- Entrepreneurial Acumen: For those aspiring to entrepreneurship, an MBA can be a valuable asset. It imparts knowledge about business planning, financial management, and risk assessment, crucial for launching and sustaining a successful venture.
- Global Perspective: Many MBA programs emphasize an international perspective, exposing students to global business practices. This broadens horizons and fosters adaptability in an increasingly interconnected world.
Cons of Pursuing an MBA after B.Com:
- Financial Investment: Pursuing an MBA is a significant financial commitment. Tuition fees, living expenses, and the opportunity cost of not working during the program can accumulate substantial debt, which may take years to recoup.
- Professional Experience vs. Academic Credentials: Some argue that professional experience holds more weight than academic credentials. A few years of work experience may offer insights and skills that an MBA program might not replicate.
- Saturation in the Job Market: The job market for MBAs can be competitive, and as more individuals pursue this degree, there’s a risk of saturation. Not all industries may place equal emphasis on an MBA, and the job market dynamics can vary.
- Changing Career Trajectory: Pursuing an MBA might redirect one’s career trajectory, and this shift may not always align with the individual’s initial goals. It’s crucial to assess whether the investment in an MBA aligns with long-term career objectives.
Government Job Opportunities After B.Com
y. While many graduates lean towards private sector opportunities, there is a vast realm of government job opportunities awaiting those with a B.Com background. In this blog post, we’ll explore the diverse avenues within the public sector that cater to the skills and knowledge gained during a B.Com program.
One of the most sought-after fields for B.Com graduates in the public sector is banking. Nationalized banks such as the State Bank of India (SBI), Reserve Bank of India (RBI), and others regularly conduct recruitment exams for positions like Probationary Officer (PO), Clerk, and Specialist Officer. The banking sector provides a stable career path with opportunities for growth and professional development.
The Civil Services Examination conducted by the Union Public Service Commission (UPSC) opens the doors to prestigious positions like Indian Revenue Service (IRS), Indian Audit and Accounts Service (IAAS), and Indian Economic Service (IES). B.Com graduates with a strong academic background and aptitude for current affairs can aim for these coveted positions, contributing to policy-making and governance.
Staff Selection Commission (SSC):
SSC offers various job opportunities for B.Com graduates through exams like Combined Graduate Level (CGL), Combined Higher Secondary Level (CHSL), and Junior Accountant in the Controller General of Accounts (CGA). Positions range from clerical roles to inspector-level jobs, providing a wide array of choices for candidates.
Public Sector Undertakings (PSUs):
Many PSUs like Oil and Natural Gas Corporation (ONGC), Bharat Heavy Electricals Limited (BHEL), and National Thermal Power Corporation (NTPC) hire B.Com graduates for roles in finance, accounts, and administration. These positions offer a blend of job security, competitive salaries, and opportunities for career advancement.
Government-owned insurance companies like Life Insurance Corporation (LIC) and General Insurance Corporation (GIC) regularly recruit B.Com graduates for positions such as Administrative Officer (AO) and Assistant. These roles involve tasks related to financial analysis, risk assessment, and policy management.
- Railway Recruitment Board (RRB):
For candidates interested in a dynamic work environment, the Indian Railways, managed by the RRB, provides opportunities for B.Com graduates in fields like Commercial Apprentice, Goods Guard, and Station Master. These roles involve responsibilities related to railway operations, administration, and customer service.
State Government Jobs:
Beyond central government opportunities, state governments conduct their recruitment exams for various positions, including accountants, auditors, and tax officers. Candidates can explore state public service commissions and other recruiting bodies for job openings that match their skills and preferences.
These were the most popular and in-demand courses available after BCom. Choosing a course and a career entirely depends on your finances and interests.
It’s always a good idea to self-introspect yourself and your interests before choosing any career. If you have a keen interest in business management, then MBA is the best option. Or if you want to go into legal aspects, then CS might be a good option.
Likewise, always assess yourself before taking a big step and starting your professional career after graduation.
We hope that these courses have cleared up your doubt about “which course you should choose after BCOM”!