Best Career Options after B.Com for Commerce Students

Career Options after B.Com: B.Com or you can say Bachelor of Commerce is one of the most famous Bachelor courses that students can pursue after school. If you are a commerce student, it is quite mandatory to get this degree & because it provides the Best Career Options After B.Com courses. However, pursuing only this course is not sufficient because to get stability in this field, you have to consider going for any of the courses that you can do after B.Com. One of the major advantages of doing so is that you will be able to get a highly paid job. 
There is a multitude of options that you can choose from. However, many of you will not be knowing all the career options available after B.Com course. The below is a list of some of the top career options that one can pursue when B.Com is completed to get a high-paid job in the future.

Best Career Options after B.Com

After completing the B.Com, most of the candidates go for jobs, but at some point in time, they realize that they need to add more skills to their curriculum, and the best choice is to go after a PG level or master's course. Some of the most preferred careers after B.Com for commerce students are listed below:

1. Master of Business Administration MBA  
2. Masters of Commerce (M.Com)
3. Chartered Accountant (CA)
4. Company Secretary (CS)
5. Chartered Financial Analyst (CFA)

• Chartered Accountancy 

Chartered Accountancy or commonly known as CA, is probably the most traditional career option after B. Com. Despite being a general career option, it remains to be one of the best options to choose. CA is a three-year-long course that contains three main stages, CPT, IPCA, and CA final. For someone to become an approved Chartered Accountant, clearing all three rounds is a requisite. 
One can join the CA course immediately after the completion of high school. Furthermore, CA is a well-paid job in India. If the right amount of effort and time is invested by the enrolled person, he has the opportunity to get a job in some of the well-known multinational companies in India. Based on studies, the average income of a CA can be over 7.9 lakhs per annum. 

• Chartered Financial Analyst

CFA is an internationally known postgraduate program. This has become a profession with the highest recognition compared to other finance-related certifications. Usually, this course is two and a half years long and is only offered by the American-based CFA institute. Since CFA provides a better understanding of the numerous characteristics and properties of the finance industry, CFAs can effortlessly get a good job in corporations. 
In a CFA course, a multitude of concepts is covered, such as probability, statistics, fixed income, portfolio management, and much more, owing to which it is regarded as one of the best career options after B. Com. To obtain the degree of CFA, one has to qualify for a three-tier examination. Renowned corporations like Royal Bank of Canada, JP Morgan, UBS, etc., hire CFAs. The average salary of CFA can be approximately 6.6 Lakhs per annum. 

• Certified Management Accountant 

Certified Management Accountant is yet another globally recognized financial qualification. This is offered by the Institute of Management Accountants in America. CMA has two primary portions, management accounting, and financial management. It is recommended for anyone interested and informative in the fields such as financial planning, decision support, professional ethics, etc. To get a CMA certification, one needs to qualify for the two examinations. 

Furthermore, if you are looking for a career abroad once you are finished with your B.Com, then CMA is the ideal selection for you. After passing your CMA examinations, you will not only become a certified CMA but also get work experience of two years. A CMA can earn up to 8.1 lakhs per annum. A lot of government entities in America and multinational corporations recruit CMA. 

• Association of Chartered Certified Accountants 

This course is one of the brilliant courses to pursue after B.Com. It is available in 173 countries, and multinational companies are always looking for a skilled ACCA. The duration of this course is two years which comprises fourteen papers that must be qualified to become a certified ACCA. The average income lies somewhere from five to sixteen lakhs per annum. 

• Financial Risk Manager 

A Financial Risk Manager, just as the name suggests, is a qualification in finances and banking that majorly focuses on risk management aspects in the financial market and studies threats to a corporation's assets, profit, and success. It is only a nine months degree that opens up several job opportunities for people such as trading, sales, financial services, private banking, and more. The pay of a risk manager can vary from 10 to 18 lakhs per annum. 

• Company Secretary 

If you are not sure what to choose after B.Com, then one great option for you is becoming a Company Secretary. A lot of important roles of organizations and firms are undertaken by the CS, which include handling tax returns, keeping a record of taxes, providing adequate advice to the directors, and more. This program is three years long and includes three stages. The income of a CS ranges from 4 to 10 lakhs per annum. 

• Digital Marketing 

If you are more passionate about creating jobs, then digital marketing might be your cup of tea. This course covers digital marketing and its significant aspects like SEO, SEM, content marketing, web design, and more. Since it is a growing industry, there are more job opportunities for people. This degree can be three to eleven months long, while the average pay can be between 4 to 15 lakhs per annum. 

• Business Accounting and Taxation 

BAT is a degree that helps the enrolled person become skilled in accounting jobs. In the duration of this program, you will learn through practical methods various topics like service tax, ERP software, MIS reporting, etc. Once you have completed this degree, you can work as a tax analyst, company law assistant, tax consultant, and many others with an average salary of 4 lakhs per annum. 

• Certificate in Investment Banking

To become a qualified investment banker, one has to enroll himself in a six-month-long program. This will allow one to understand deeply the concepts of investment banking. Completing the CIB program will allow you to get jobs in private wealth management, hedge funds, and strategy. It is considered as one of the highest paying jobs one can select after B.Com with an average salary of 9.6 lakhs per annum. 

• US Certified Public Accounting 

American Institute of Certified Public Accountants is an institute where one can join to study this program. Anyone who has proper and extensive knowledge of accounting principles and can work meticulously, then this is your go-to option after B.Com CPAs assist in providing information regarding the financial status of the company or organization. Clearing the four-stage exam will give you the degree of CPA with which you can get a job with an average salary of 6.9 lakh per annum.

• Certified Financial Planner 

A CFP is a person who acts as a financial or insurance advisor. Their role is to offer beneficial and professional advice related to tax, estate planning, insurance, and retirement. For a person to become a certified financial planner, he should possess the four focal requirements, which include education, passing the CFP exam, sufficient work experience, and work ethics. This is a 6-month long program. The salary one can expect in this field is 3.9 lakhs per annum.

• Master in Business Administration

MBA stands for Master in Business Administration and is a course that is widely known in India. Needless to say, this course is not only for people graduating from commerce but also for people belonging to other fields. To enroll in MBA, it is compulsory to qualify for the Common Admission Test or preferably referred to as CAT. This course will make you the expert of the type of business specialization you select. However, it is advised to go for an MBA only after two to three years of working if possible. The average income of an MBA graduate can be 7.2 Lakhs per annum. 

• Master of Commerce 

M.Com is a post-graduate course in commerce. In the following degree, the knowledge learned in B.Com is refined and enhanced. This program covers a great number of topics, including accounting, banking, finance, and taxation. If you are someone who wants to work in the banking, financial services, and insurance sector, then this is the degree you should go for. 

• Bachelor of Education 

B.Ed is one of the simplest programs you can opt for after B.Com. In this two-year-long course, people study educational psychology, policy and leadership, social justice, lesson planning, and more. This allows you to use the information learned in B.Com as a lecturer. The approximate salary package of B.Ed graduates is 2.5 to 4 lakhs per annum in India. 

How to earn a good salary after B.Com?

Well, it's a major concern for people nowadays to get a good stable job in which they can grow and have a good salary as well. However, if you don't have the right skills to do so, you'll not be able to get a good salary. Plus, to receive such a career, you can pursue further courses after B.Com, or you can do a short-term course as well. 

After doing B.Com, one of the best careers is in Accounting, which most of the students become. So, if you want to make your career in accounting, you need to have certain skills to have a good salary. These skills are as follows:

•  Communication Skills: One skill that every job profile will ask you to have is good communication skills. If you lack this skill, then it's time to work on it, because without this, you will not be able to survive in the corporate sector for a long time. So, before developing any other skill, it's quite important to have good communication skills.
•  Leadership Qualities: The very next skill that is required in all the fields is leadership qualities. When you begin working anywhere, you have to prove to yourself that you are capable of leading a team along with teamwork. So, when it comes to having a stable job, you need to have leadership qualities as well.
•  Accounting knowledge: When you want to have a career in a specific field, it's important to build specific knowledge of that line. So, if you want to build your career in accounting, you need to know everything about it in detail.

Apart from the skills mentioned above, you need to know basic computer knowledge as well. This is so because, nowadays, accounting is also done using a computer, instead of calculating everything manually. So, if you don't have basic computer knowledge, you won't be able to succeed much. 

Job profiles available after B.Com

After completing graduation from this course, There are some excellent job opportunities, depending on the candidate's skills. There are few jobs like Services related to Insurance, Government Sector job, Accounting with Auditing, Financial Services, Commercial Banking, Telecommunication Services, Tax Advisory Service, Services related to Manufacturing, International Banking.
To this profile, candidates can add some technical profiles such as Automobile, Media, IT (Information Technology),Hospitality.
The average estimated salary of a B.Com graduate candidate is about 15000 to Rs.20000 per month. B.Com graduate is one of those courses that are considered as business-oriented and career-oriented.
So, if you're a B.Com graduate, or thinking of doing it, then it's for sure that you'll end up having a good career after a certain time.

Conclusion 

We hope that the information provided above was valuable and answered the question of which career option to choose after B.Com? Before selecting anyone from the above, it is important to make sure that it matches your interests, level of difficulty, and financial status. If you are ready to put in the time and effort in any one of the career options mentioned, then certainly it is going to be rewarding.