Career After Bcom: Scope, Jobs and Salary in 2023

Bachelor of Commerce (B.Com) is one of the most sought-after degrees because of its versatile nature. If you’re wondering what can i do after bcom or are confused With the variety of job opportunities available. This blog will deep dive into the vast career after BCom and various career paths available, such as management roles, finance roles, accounting roles and more. So, if you’re looking to jumpstart your career in business, then this is the perfect place to start!

What is a Bachelor of Commerce (BCom)

Bachelor of Commerce (BCom) is a 3 years undergraduate degree program designed to provide students with a strong foundation in business and management concepts. It typically consists of courses in accounting, finance, management, marketing, economics, and other business-related subjects. Graduates of this degree program may pursue a variety of careers in the business, finance, and management fields.

Career After Bcom: Sectors

With a Bachelor of Commerce degree, possibilities are almost endless, from investment banking to data analytics and corporate finance to wealth management. You also have the chance to work in a variety of sectors such as banking, insurance, auditing, financial planning and analysis so on and so forth.

• Investment Banking
• Financial Planning
• Accounting
• Corporate Finance
• Financial Analysis
• Credit Analysis
• Risk Management
• Business Analysis
• Financial Management
• Taxation
• Insurance
• Auditing
• Banking and Credit
• Equity Research
• Stock Broking
• Data Analytics
• Venture Capital
• Wealth Management
• International Business
• Business Consulting

 

Career After Bcom: Higher Studies

There are several postgraduate courses available, such as MBA, MCom, CA, CS, CFA, ICWA, and many others. These courses can provide you with valuable skills and knowledge in order to build a successful career after BCom. Below are all the higher study options in the field of Commerce and Other postgraduate courses available for students after BCom.

Master of Business Administration (MBA) After Bcom

MBA after BCom is a popular choice for those who wish to enhance their knowledge and skills in the business arena. MBA programs offer you a comprehensive and rigorous curriculum that covers a variety of topics such as finance, accounting, marketing, operations, and strategy. Through these courses, students gain the necessary skills to excel in the corporate environment and thrive in their respective professions.

Master of Commerce (MCom) After BCom

MCom or Master of Commerce is a 2 years postgraduate degree program in Commerce and its related fields. This course will help you to gain advanced knowledge in fields like Accounting, Finance, Economics, Business, International Business, Taxation etc. MCA also develops their analytical and decision-making skills, as well as their communication and presentation skills. Also with the right skills and knowledge, you can also start your own business.

Master of Philosophy (M.Phil) After BCom

M.Phil is an advanced, research-based programme that provides the opportunity to gain in-depth knowledge, expertise and critical thinking skills in the chosen field of study. This course will prepare you for a career in research and higher-level teaching simultaneously opening the door to a range of career options. The programme can also be used as a stepping stone to a Doctoral degree.

Bachelor of Education (BEd) After Bcom

Bachelor of Education, or BEd, is a postgraduate degree program that prepares students to become teachers. The program is focused on providing the knowledge, skills, and attitudes needed to become effective educators. After completion of the program, you can pursue careers in teaching, counselling, administration, and other related fields in educational settings.

Certified Management Accountant (CMA) after BCom

Those who are interested in pursuing a career after B.Com in the field of management accounting can benefit from obtaining the CMA credential. A Certified Management Accountant (CMA) credential is an advanced professional certification. The CMA can also be a great resume booster and can provide an individual with the professional edge needed to secure higher-paying positions in the corporate world.

Chartered Accountancy (CA) After BCom

Chartered Accountancy (CA) is one of the most prestigious and sought-after professional qualifications in India. It is an entry-level course, that you can take up after completing your BCom degree. The Chartered Accountancy course is divided into three levels- Foundation, Intermediate and Final. It focuses on the basics of accountancy and business, such as Accounting, Business Law, Economics, Business Management and Business Mathematics.

Company Secretary (CS) After BCom

Company Secretary (CS) course is a highly sought-after professional course in India. It is a 3 years course conducted by the Institute of Company Secretaries of India (ICSI). After completion of the course, you can become a certified Company Secretary. The course involves in-depth knowledge and understanding of corporate laws, compliance, corporate governance, secretarial practice, securities laws, taxation and other related subjects.

Chartered Financial Analyst (CFA) after BCom

The Chartered Financial Analyst (CFA) Course is a professional-level certification program for finance professionals. It is offered by the CFA Institute, a non-profit global association of investment professionals. This programme will increase your knowledge and skills as an investment practitioner in areas such as portfolio management, financial analysis, and investment research. The CFA program is ideal for those who are looking to become investment advisors, portfolio managers, or work in financial research.

Financial Risk Management (FRM) after BCom

After completing BCom, you can pursue a career in FRM by furthering your studies in the field. This will provide students with a strong foundation in the fundamentals of FRM, such as financial markets, financial instruments, and financial analysis. Postgraduate degrees in finance or risk management can also be pursued. This degree will give you the skills necessary to analyze and manage the financial risks associated with businesses.

Certificate in Investment Banking (CIB) after BCom

A certificate in Investment Banking (CIB) is an excellent career opportunity after BCom. It is a professional certification program which offers you a unique blend of theoretical and practical knowledge of the investment banking industry. With the help of the certification, you can gain expertise on the tools and techniques used in the financial industry, which is essential for a successful career. The CIB program offers a great platform to gain an in-depth understanding of the industry and boost your career after BCom.

Jobs after B.com and Salary

After completing BCom, there are many job opportunities available to a student. These include roles such as accounting and auditing, banking and finance, business analysis, customer service management and more. These jobs provide a great platform to enhance and grow a career. With the right skills and qualifications, one can even progress to higher-ranking positions in their chosen field. The job opportunities after BCom can be found in both public and private sectors, with ample scope for growth and development.

Accountant

As a professional accountant, you’ll be performing accounting, auditing, and tax services for individuals, businesses, and organizations. Job opportunities after BCom for an Accountant include roles such as Audit Associate, Financial Analyst, Tax Accountant, and Cost Accountant. As an accountant, you can also pursue roles in other fields such as finance, banking, and management.

Business Consultant

In a Business Consultant role, you have to provide expert advice and guidance to businesses, helping them to identify their goals and objectives, develop strategies, and find solutions to their problems. Along with, helping them with a wide range of tasks, from developing marketing plans to managing operational processes.

Financial Analyst

As Financial Analyst you will be responsible for analyzing and interpreting financial data to make informed decisions regarding investments, business strategy and financial planning. Job opportunities after BCom for Financial Analysts include working in the banking, investment, and insurance industries, as well as working as financial advisors, portfolio managers, and financial consultants.

Business Analyst

A Business Analyst is a professional role that involves analyzing a company’s operations and processes, in order to identify and solve business problems. Under this job profile, you’ll have to improve the efficiency of a business by finding areas of improvement and suggesting solutions. Business Analysts may also be involved in budgeting, forecasting, and identifying new opportunities for growth.

Tax Consultant

If you choose to become a Tax Consultant who is a professional who is specialized in providing advice related to tax and other financial matters. Also, Tax Consultants are in high demand, particularly in the corporate world, and job opportunities after BCom are plentiful. Tax Consultants can work for a firm, in private practice, or as independent consultants.

Tax Accountant

In a Tax Accountant role, you should be skilled in tax filing and preparation. They are experts in the field of taxation and can provide valuable advice on how to manage your taxes efficiently. Tax Accountants can also provide guidance on how to maximize deductions and credits, as well as how to reduce your overall tax liability. Tax Accountants are an invaluable asset for anyone who wants to maximize their income and manage their taxes effectively.

Banker

As a Banker who is regarded as a financial professional, you need to advise and provide services to clients to help them manage their money. Bankers are responsible for a wide range of activities, including setting up financial accounts, providing investment advice, and helping with budgeting and financial planning. Bankers also provide services such as loan origination, debt consolidation, and wealth management.

Investment Banker

An Investment Banker is a professional who helps companies and governments raise capital by underwriting and acting as an intermediary between the issuer of securities and the investing public. Investment Bankers also provide advice on mergers and acquisitions, corporate finance, and other financial services. So if you are interested in becoming one then you’ll be in charge of these above-mentioned roles&responsibilities.

Risk Manager

In this job profile, your duties include identifying, assessing, mitigating and monitoring risks. Risk managers are also concerned with the potential for losses due to an uncertain event or incident. Besides this analyzing the potential impact of a variety of risk factors, such as financial losses, legal liabilities, strategic management errors, accidents, and natural disasters.

Financial Manager

In this job profile of Financial Manager, you will be responsible for the financial health of an organization. Also responsible for creating financial plans, analyzing and forecasting financial performance, and managing the financial risks of the organization. You have to provide financial advice to the organization and ensure that all financial decisions are in line with the organization’s goals and objectives.

Stock Broker

As a stockbroker, your task is to buy and sell stocks on behalf of clients. Also providing provide advice to clients on when to buy and sell stocks, as well as managing investments, providing research on stocks, and create strategies for clients. Another major responsibility is executing trades on behalf of clients, as well as providing them with account statements and other financial advice.

Chartered Accountant

If you become a Chartered Accountant (CA) then you need to provide services such as auditing, taxation, accounting, financial planning, and consulting. Also chartered accountants are a valuable asset to any organization or individual looking to make sound financial decisions.

Business Intelligence Analyst

In this job profile of a Business Intelligence Analyst, you have to gather, analyse, and interpret data for the purpose of aiding in business decision-making. Also, other tasks include analyzing data from various sources, creating and managing data warehouses, and developing reports and dashboards to provide insights into business operations.

Credit Analyst

As a Credit Analyst, you’ll be responsible for analyzing and evaluating the creditworthiness of individuals and companies additionally assessing the financial stability of these entities and analysing their credit history to determine if they are suitable candidates for a loan or credit.

Credit Manager

As a Credit Manager, you will be managing an organization’s credit policies. As well as responsible for establishing credit limits, setting terms and conditions of the credit, monitoring customer payments, negotiating with creditors, and managing debt collection. In addition, making ensures their organization’s creditworthiness is maintained, and their customers receive timely payments.

Financial Planner

As a Financial Planner, you will be helping individuals and businesses plan and manage their financial affairs. Along with proving advice on investments, savings, insurance, retirement planning, estate planning, budgeting and taxation. Financial Planners can help clients to understand the complexities of the financial markets, and to make informed decisions about their investments.

Financial Controller

If you choose a career as Financial Controller after BCom then you have to handle and oversee the accounting and financial reporting of a business. Another responsibility is ensuring that the financial information of the company is accurate and up to date and that all financial reporting is done in accordance with applicable laws and regulations. Also making budgeting, forecasting, and preparing financial statements unquestionable.

Investment Manager

Under this job profile Investment Manager, you will be responsible for managing the investments of a portfolio. They make decisions on how to allocate the funds in order to generate the highest return while minimizing risk. Investment Managers must be knowledgeable about stocks, bonds, mutual funds, and other investments in order to be successful. You must also be able to assess market trends and analyze financial data.

Salary After BCom

I have talked about jobs after B.com and Salary topic will be covered now. After earning a BCom degree you can expect a handsome salary package ranging between 2.5 to 8 lakhs per annum. This salary range can vary depending on the type of job, the industry, and the city of employment. For example, as a fresher with a BCom degree, you can look forward to a starting salary of 2.5 lakhs to 4 lakhs per annum. This can be higher in certain cities such as Mumbai and Delhi. With experience, salary can range from 5 to 8 lakhs per annum. Certain specializations such as accounting, finance, and banking can lead to higher salaries. Companies such as TATA, Aditya Birla, and Reliance Industries offer competitive salaries for BCom graduates. Graduates with a BCom degree can also pursue a master’s degree in Management or any other field to increase their salary potential. This can further your career making you eligible for higher-paying positions in the industry. Overall, a BCom degree in India can open up a variety of opportunities and can lead to a solid salary.