The most sought-after first-level undergraduate program offered in Universities/Colleges in India is the B.Com or the Bachelor of Commerce.
Quite a number of professions, which could include banking/finance, accounting/taxation, etc., amongst others, can be derived from it.
If they develop new skills, B.Com degree students can progress in employment in numerous ways. Let’s take a look at the best career paths after B.Com in the year 2024.
Read on to get a clear understanding of your job prospects!
Why Should You Pursue B.Com?
The B.Com gives you a strong business, banking, and trade background. Here are some reasons why getting this degree might be a good idea:
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- There are many job options: There are many valuable skills and information that you can gain from getting a B.Com degree. It gives you options when it comes to your job.
- Strong chance to make money: Once one leaves school, they can do professional courses such as CA, CS, CFA, and many others that lead to paid jobs.
- Being flexible: Job opportunities for those with a B.Com are vast in nature and are offered across the business and marketing, accounting, and management domains. It has growing potential in the long run.
So, taking this course can open up some of the best career options after B.Com.
Career Options After B.Com: Sector Wise
Because this degree is so flexible, graduates can look into a wide range of the best career options after B.Com in many different fields. The best fields for B.Com graduates to do well in are:
- Banking: Commercial and investment banking jobs are great for B.Com graduates. They can be Bank Executives, Investment Bankers, or Credit Analysts, among other jobs.
- Finance: Financial Analysts, Wealth Managers, and Financial Consultants are jobs that B.Com graduates can find in public and private sectors.
- Accounting: Some of the related careers for jobs for B.Com graduates in accounting are CA, CA in auditing, Junior accountant, and Tax consultant.
- Insurance: If they have taken a major in financial management, B.Com graduates can secure the following jobs in insurance companies: underwriters, risk managers, accountants, among others.
- Taxation: Tax professions, such as Tax Consultants or Advisors, are very popular, and obtaining your B.Com degree will qualify you for them.
- Education: Many students complete the B.Com course because they are interested in becoming teachers in schools, colleges, or coaching centers. This is particularly the case after acquiring a superior degree such as an M.Com or a B.Ed.
- Wealth Management: This is yet another good area for B.Com graduates who have some planning skills in the financial and investment sector to have control over the money of individuals or organizations.
These fields offer some of the best career opportunities after BCom. You can learn new skills, advance your work, and have long-term success in your job.
Best Career Options After B.Com
The best career options after B.Com are listed below, along with details on the eligibility and how much you can expect to make:
| Career Option | Eligibility | Average Salary (INR) |
| Chartered Accountancy (CA) | B.Com + CA qualification | 7-10 Lakhs per annum |
| Company Secretary (CS) | B.Com + CS qualification | 6-8 Lakhs per annum |
| MBA | B.Com + MBA (specializations like Finance, HR, etc.) | 8-12 Lakhs per annum |
| M.Com | B.Com + M.Com | 3-5 Lakhs per annum |
| Chartered Financial Analyst (CFA) | B.Com + CFA certification | 10-15 Lakhs per annum |
| Certified Management Accountant (CMA) | B.Com + CMA qualification | 7-9 Lakhs per annum |
| Financial Risk Manager (FRM) | B.Com + FRM qualification | 9-14 Lakhs per annum |
| Business Accounting and Taxation (BAT) | B.Com + BAT course | 3-6 Lakhs per annum |
| Junior Accountant | B.Com | 2-4 Lakhs per annum |
| Business Executive | B.Com | 3-6 Lakhs per annum |
| Bank Executive | B.Com + Bank Exams (like IBPS, SBI PO) | 5-7 Lakhs per annum |
| Teaching | B.Com + B.Ed/M.Com for teaching positions | 2-4 Lakhs per annum |
| Financial Analyst | B.Com + additional certifications (CFA, etc.) | 6-9 Lakhs per annum |
| Wealth Analyst | B.Com + additional certifications (CFP, etc.) | 5-8 Lakhs per annum |
| Auditor | B.Com + CA or equivalent certifications | 5-9 Lakhs per annum |
| Tax Consultant | B.Com + specialization in taxation | 5-8 Lakhs per annum |
| Investment Broker | B.Com + Stock Market Courses | 4-10 Lakhs per annum |
| Digital Marketer | B.Com + Digital Marketing Certification | 4-7 Lakhs per annum |
| Entrepreneurship | B.Com + Business Experience/Incubator programs | Varies widely (potentially high) |
| Supply Chain Management | B.Com + PG Diploma/Certification in SCM | 4-8 Lakhs per annum |
#1 Chartered Accountancy (CA)
Chartered Accountancy (CA), one of the best career options after B.Com, has excellent job opportunities both in India and internationally. According to policy, to become a CA, you need to pass tests from the Institute of Chartered Accountants of India (ICAI).
The major operation areas that employ CA graduates are in the finance sector of companies, banks, and MNCs because the program equips them with the area of accountability of accounting, taxes, and reporting.
#2 Company Secretary (CS)
Every business needs a Company Secretary (CS) as it is a key component in the law and compliance system of a business.
The Institute of Company Secretaries of India (ICSI) has a three-tier examination at the end of the CS study.
This job is good for someone who wants to enter business law and governance after completing a B.Com.
#3 MBA
If you have a Bachelor of Commerce, getting an MBA can help you get management and leading jobs in many fields.
It is one of the best career options after B.Com, mainly if you specialize in finance, marketing, or human resources.
People worldwide know an MBA as a degree that can help you advance in your job. It opens up senior positions in many fields, such as management, marketing, and finance.
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#4 M.Com
Master of Commerce (M.Com) is an excellent choice for people who want to learn more about business.
People who want to go into teaching or study will find this degree very useful. It can also help you get into higher education, like getting a PhD or getting a job with the Indian government.
#5 Chartered Financial Analyst (CFA)
Globally well-known, the CFA diploma mostly addresses investment management. If you have an interest in business, this is among the top careers you may land following B.Com.
Firms in stock research, portfolio management, financial banking, and others highly value the CFA certificate.
#6 Certified Management Accountant (CMA)
The CMA license is mostly about managing money and making plans. It is known all over the world and is highly respected in its fields.
Companies with operations in multiple countries need cost analysts and financial experts to help them make decisions.
#7 Financial Risk Manager (FRM)
Identifying and analyzing the risks associated with a corporation takes the responsibility of the Financial Risk Manager.
Doing the FRM certification will help you go up the ladder and is among the best career options after B.Com degree.
Those working in FRMs are usually aligned with asset management companies, investment banks, or other financial companies.
#8 Business Accounting and Taxation (BAT)
The Business Accounting and Taxation (BAT) program is a short-term course. It helps you to grasp the workings of taxes and accounting really deeply.
This is a great choice for those who want to pick up useful knowledge quickly and enter accounting.
Read Also: Top 10 Best College For BBA In Jaipur
#9 Junior Accountant
Daily business concerns are under the control of a junior accountant.
Though this is an entry-level employment, accounting offers plenty of opportunities for development.
Many B.Com graduates begin their careers as junior accountants and then get further qualifications like CA or ACCA.
#10 Business Executive
A business executive helps run the day-to-day chores and processes of a company. After getting a B.Com, this is one of the most flexible jobs you can get.
As they gain knowledge, business executives can become managers. They might have more tasks and be in charge of bigger groups of people.
#11 Bank Executive
Bank Executive is one of the most suitable jobs for candidates who enjoy their work in the banking sector after completing B.Com.
One can try to compete on the SBI PO or IBPS exam if they’re a graduate of B.Com.
This will equip them to get to the managerial ranks not only within the public domain but also in government banks.
#12 Teaching
If a person’s real desire is to learn, then teaching could be a great career choice. Subsequently, you may pursue an M.Com degree and then a B.ED after completion of your B.Com.
This will also assist you in getting job offerings for teachers in schools, colleges, universities, and other setup.
If you love a job where you can share some of your knowledge and enjoy helping children get better at school, you will probably like being a teacher.
#13 Financial Analyst
The job of a financial analyst is to look at financial data and trends to give businesses and investors useful information that helps them make decisions.
This is one of the most popular jobs for B.Com graduates who love numbers and making smart financial decisions.
Read Also: Top 10 Best College For MBA In Jaipur
#14 Wealth Analyst
They assist their clients and make effective choices regarding their money. Wealth analysts offer them the right financial advice, as well as good management of assets and investments.
If business commerce has ignited a flair for personal finance and wealth management in you, then this option is one of the best that you can take after B.Com.
#15 Auditor
Compliance with legal standards and accurate financial reports are essential things for any business to do, and auditing is vital.
After getting your B.Com, you can become an inspector by getting more credentials.
Some of these credentials are CA (Chartered Accountant) or CMA (Certified Management Accountant).
#16 Tax Consultant
A Tax Consultant assists individuals and companies in decision-making regarding their taxes. Also, additional credits can be taken to enter this field for B.Com graduates possessing vast knowledge of tax laws as Tax Accountants.
Insisting customers to pay as little tax as possible and guiding them on the tax provisions is the work of a tax consultant.
#17 Investment Broker
In financial markets, investment brokers help people to buy and sell offerings on their behalf. They support this by giving recommendations on client dealings and investment activities.
You can begin a career in this field as soon as you complete your B.Com by opting for stock market courses or obtaining the NCFM (National Stock Exchange Certification in Financial Markets) certification.
#18 Digital Marketer
In the digital world we live in now, one of the best and fastest-growing jobs after B.Com is in digital marketing.
Digital marketers run campaigns, write content, handle social media, do SEO, and more to help businesses grow their online profiles.
Digital Orix offers digital marketing classes that can help you improve your work. It is the best Digital Marketing Institute in Jaipur to learn about digital marketing and offers the best classes in the field.
#19 Entrepreneurship
Entrepreneurship could be one of the best career options after B.Com if you have a business mindset and a desire to take risks. Many B.Com grads choose to launch businesses for themselves.
From new enterprises launching themselves in e-commerce, retail, or services to financial and accountancy consulting firms, there are many other types of these.
#20 Supply Chain Management
Supply Chain Management (SCM) manages the flow of goods and services, from finding raw materials to delivering finished goods.
You need to know a lot about logistics, keeping track of supplies, and buying things in this area.
If you want to work in this in-demand area after getting your B.Com, you can get a certificate or diploma in SCM.
Conclusion
Several of the best career options after B.Com have high development and income potential. From learning new skills to investigating new employment, there are numerous possibilities.
Among the top B.Com institutions in India is IIS University (Best Girls University in India). The institution offers excellent resources and educational programs for the students.
Whether your goal is to be a student, professional, or entrepreneur, having the correct blend of education and abilities can help you advance in your employment.
“The IIS University Team is a group of expert teachers and staff who are passionate about helping students learn and grow. They come from different fields but all aim to help guide the university’s students. They write these blogs to share their thoughts and ideas about learning and the importance of education. Their goal is to help students prepare for the future in a simple and understandable way.”