Top 6 Career Options after B.com - Eligibility, Salary
B.Com is the one of the most popular undergraduate degree chosen by students with a background in commerce. It gives students a thorough understanding of the commercial world through a combination of required and elective courses. Every university has its policies allowing students to select elective courses in subjects ranging from accounting to taxation and economics.
List of Top Career Options after B.Com (Bachelor of Commerce)
After earning a B.Com, one can choose to pursue careers in accounting, chartered accounting, company secretaryship, or bank-PO exams. He or she can also choose to pursue non-traditional paths like investment banking and financial risk management. There are numerous employment opportunities in the accounting and finance domains across all industries.
1. Chartered Financial Analyst(CFA)
A Chartered Financial Analyst (CFA) is a professional who focuses on investment management and financial analysis. CFAs are skilled in Research, portfolio management and ethical standards. This is ones of the best career options after Bcom in India.
A CFA title significantly enhances job options in investment banking, asset management and financial consulting. It requires passing three tests and acquiring appropriate work experience.
2. Financial Risk Manager (FRM)
A Financial Risk Manager (FRM) is a professional responsible for identifying and managing financial risks. He or she is an expert in operational, liquidity, market and credit risks. He or she is important to banks, investment firms and corporations to ensure financial stability and make wise risk management decisions.
Also read: FRM Certification
3. Chartered Accountant
A Chartered Accountant (CA) is an accounting professional who has obtained the CA accreditation from the Institute of Chartered Accountants (ICAI), India's professional organisation. He or she works in accounting and not only performs activities such as audits, taxation, finance, and general management but also has a wide variety of business and finance interests.
4. Investment Broker
An Investment Broker works for a brokerage business, where he or she helps customers purchase and sell stocks, bonds, and other assets. An investment broker's role is to consult with customers to assess their investing goals and needs, and then advise them on how to attain them through stock purchases.
5. Certified Management Accountant
A CMA is a professional who focuses on account management and strategic planning. He or she is skilled in budgeting, performance management, cost management and decision support. CMA course is divided into three levels: Foundation, Intermediate, and Final. It aims to provide financial, accounting, legal, and management expertise.
6. Business Analyst
A Business Analyst is a specialist who assists firms in developing and implementing new goods, processes, or procedures. He or she ensures that all of the standards are met before the beginning of the development of a new product or service.
He or she also establishes and updates company business plans, which might contain goals and strategies for long-term growth and improvement. This is yet another one of the career opportunities after Bcom that is worth pursuing.
Salary Trends after B.Com
The salary is determined by several criteria including the candidate's experience and the job description selected by the candidate. As the candidate gains experience, his or her income will improve. In the table below, we have covered the most popular job roles and their average annual pay.
Job Profiles | Educational Requirement | Average Annual Salary |
|---|---|---|
Chartered Accountant | B.Com degree followed by clearing all CA exams | Rs. 7 Lakhs |
Investment Broker | Bachelor's degree in Commerce followed by desired licences and certifications. | Rs. 4 Lakhs |
Business Analyst | Bachelor's degree in Commerce followed by desired certifications. | Rs. 5.5 Lakhs |
Chartered Financial Analyst(CFA) | Bachelor's Degree after 10+2 followed by CFA certification. | Rs. 6.5 Lakhs |
Financial Risk Manager(FRM) | Bachelor's Degree after 10+2 followed by FRM certification. | Rs. 7.5 Lakhs |
Conclusion
A B.Com degree offers numerous opportunities in accounting, finance, banking, marketing and management. Graduates can work as bankers, marketers, auditors, financial analysts or accountants. Strong business principles are provided by this degree, enabling success in a variety of fields.
You may also check -
Frequently Asked Questions (FAQs)
A great choice of careers after a B.Com. is a CA. You can enrol in CA immediately after high school. The CPT, IPCC, and CA Finals are the three phases of the CA journey.
B.Com graduates having a solid grasp of company procedures and technology can become IT consultants. They support businesses in streamlining procedures, optimising corporate operations, and upgrading their IT infrastructure.
No, maths is not required for a B.Com degree programme.
Job opportunities after Bcom in finance, banking, analysis, assessment, risk management, government, and taxation are all accessible to those with a BCom degree.
Programmes like B.Com (Hons) in Accounting, B.Com in Finance, B.Com in Banking and Insurance, and B.Com in Marketing are among the top B.Com courses.