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14 Best Career Options after B.Com
Pallavi Dhotre
9 months ago
Table of Contents
- Introduction
- Career Options after B.Com
1. M.Com
2. MBA Finance
3. Law
4. Chartered Accountant
5. Company Secretary
6. Banking
7. Business Accounting and taxation
8. Chartered Financial Analyst (CFA)
9. Certified Financial Planner (CFP)
10. Certificate in Investment Banking (CIB)
11. Certified Management Accountant (CMA)
12. Certified Public Accountant (CPA)
13. Financial Risk Manager
14. Digital Marketing
- Summary
Introduction
Confused to choose a career after B.Com? Don’t know whether to go for post-graduation or go for a job? curious to know about highest paid jobs after B.Com.? This article is one place solution for all these questions. We are going to explore PG options and career opportunities after B. Com. in this article. You can go for M.Com, MBA, or Law as a PG option or you can go for banking sector jobs, CA, Financial advisor, etc.
Also, we are going to discuss the scope of the B.Com degree and the courses to be done after B.Com. B.Com (Bachelor of Commerce) is a UG degree in the commerce field. In this, students get familiar with commerce-related subjects like economics, finance, human resource, marketing, etc. Nowadays this degree is highly in demand from a business perspective. Because all commerce-related subjects are an integral part of a business. Also, in today’s date, every person wants to increase their finance. Keeping financial growth in mind every company needs experts in these commerce-related fields. Following are some career opportunities after B.Com.
Career Options after B.Com
1. Master of Commerce (M.Com)
After finishing UG studies most of the students prefers to pursue post-graduation. M.Com (Master of Commerce) is a PG degree for which duration is 2 years. This helps students to get deep knowledge about the subjects in the commerce stream.
After finishing M.Com, students can choose a career in the banking and accounting section or they may have career scope in academics. They can go for lectureship for which again they need to give UGC NET or CSIR NET exam. Students can get positions of an accountant, business analyst, financial consultant, or CFA after M.Com. The average annual salary after M.Com is 3.7 lac.
Image reference: collegedunia.com
2. MBA Finance
MBA is a post-graduate program and there are various streams under this program. The most popular streams are Human Resource Management, Finance, and Information Technology, etc. For taking admission to MBA students need to pass CAT (Common Entrance Test), and the rank of the examination decides the institute for taking the admission. This is a highly demanded degree in industries where students have more knowledge about business administration and they help to grow the business by doing market studies. Students with MBA degrees help to get higher packages. Amazon, Accenture, Microsoft, JP Morgan are some top recruiters.
Companies | Salary(INR) |
EY (Ernst & Young) | INR 7.67 LPA |
Deloitte | INR 7.66 LPA |
Genpact | INR 9.85 LPA |
HSBC Bank | INR 7.97 LPA |
HDFC Bank | INR 5.84 LPA |
Standard Chartered Bank | INR 9.64 LPA |
Source: Glassdoor & Payscale
The average annual salary after MBA Finance ranges from 6 LPA to 12 LPA
Job Roles | Average Salary(INR) |
Financial Analyst | INR 5-8 LPA |
Relationship Manager | INR 7-9 LPA |
Account Manager | INR 7-12 LPA |
Bank Manager | INR 6-10 LPA |
Business Analyst | INR 6-12 LPA |
Finance Manager | INR 10-18 LPA |
Source: Glassdoor & Payscale
3. Law
Getting a degree in commerce and then pursuing a Law degree is the best combination required in the corporate sector. Because any business decision should be taken in a legal way and for that, every industry needs a corporate lawyer. A person having a commerce degree along with the law is having a bright future in the industry.
The average annual salary after MBA Finance ranges from 4 LPA to 10 LPA.
Job Roles | Average Salary(INR) |
Notary | INR 3-3.5 LPA |
Law Reporter | INR 3.5-4 LPA |
Government Lawyer | INR 6-8 LPA |
Legal Advisor | INR 4-8 LPA |
Legal Officer | INR 6.5-8 LPA |
Advocate | INR 7-10 LPA |
Source: Glassdoor & Payscale
4. Chartered Accountant
Pursuing a degree in commerce and not thinking about CA is an impossible thing ever. Every student of commerce dreams to choose a career as a CA. There are 4 exams that students should clear to pursue CA. First is CA Foundation, the second is CA Intermediate, third is Articleship training, and last is CA Finale. HDFC, TATA, Deloitte are some top recruiters for CA.
The average annual salary after Chartered Accountant ranges from 10 LPA to 25 LPA.
Highest Paying Companies | Salary(INR) |
Bharti Airtel | 11-22 LPA |
Deloitte | 15-36 LPA |
Hindustan Unilever Ltd. | 16-30 LPA |
ICICI Bank | 12-27 LPA |
ITC | 14-25 LPA |
Aditya Birla Sun Life | 13-25 LPA |
Source: Glassdoor & Payscale
5. Company Secretary
All the legal aspects of the company are managed by the Company secretary. Their responsibilities mainly include taking care of tax returns, maintaining records of tax, and giving legal and actionable advice to the board of directors of the company. This is the most important career in corporate. After B. Com students should study corporate law to get the post of the company secretary.
The annual salary for CS ranges from 4 LPA to 10 LPA.
Job Roles | Average Salary(INR) |
Bank Consultant | INR 9.9 LPA |
Operations Manager | INR 7.6 LPA |
Investment Banker | INR 9 LPA |
Finance Consultant | INR 6.2 LPA |
Marketing Manager | INR 6.7 LPA |
Stock Broker | INR 3.9 LPA |
Source: Glassdoor & Payscale
6. Banking
Banking is the first sector taken into consideration after B. Com as a career. You can work as a sales executive in the banking sector. Axis Bank, PNB, HDFC are some top recruiters in this sector.
Their annual salary range is 4.5 LPA to 6 LPA.
Company Name | Salary(INR) |
Axis Bank | 2-4 LPA |
HDFC Bank | 1.9-3 LPA |
ICICI Bank | 2-3.1 LPA |
Kotak Mahindra Bank | 2-3.1 LPA |
Yes Bank | 2.1-3 LPA |
Bank of Baroda | 1.9-3.5 LPA |
Source: Glassdoor & Payscale
7. Business Accounting and taxation
To work in the finance or accounting sector people need experience. In this course, students will learn all the necessary skills for accounting. Skills mainly include accounting, taxation, reporting, and compliance. There is a huge need for this course in business. Also, it gives salary hikes to the employees. Adobe, Genpact, and Bajaj are top recruiters.
The average annual salary ranges from 3 LPA to 10 LPA.
8. Chartered Financial Analyst (CFA)
CFA is a 2.5 years course and this course is mainly designed to certify and measure the competence and integrity of Chartered Financial Analyst. Subjects like Economics, probability theory, advanced investment analysis, corporate finance, security analysis, alternative investments, and portfolio management are included in the CFA course. Again students need to pass the three-tier examination to get the designation CFA. Goldman Sachs, JP Morgan, Royal Bank of Canada are top recruiters.
Their annual salary range is upto 6.6 LPA.
Company Name | Salary(INR) |
Financial Analyst | INR 5,70,000 |
Research Analyst | INR 5,02,812 |
Credit Analyst | INR 6,08,789 |
Finance Manager | INR 11,99,040 |
Equity Research Associate | INR 6,57,347 |
Source: Glassdoor & Payscale
9. Certified Financial Planner (CFP)
It is a small 6 months course through which you can go for a career like a financial consultant, or insurance consultant. A certified financial planner helps their client by giving them personal financial management advice, helps them so solve tax issues, investment issues, and helps to choose the best financial plan.
The average annual salary ranges up to 3.9 lac in India.
Job Roles | Salary(INR) |
Financial Advisor | INR 3.5-21 LPA |
Financial Assistant | INR 3-6 LPA |
Financial Manager | INR 8-13 LPA |
Financial Planner | INR 4-10 LPA |
Wealth Advisor | INR 5-9 LPA |
Mutual Fund Admins | INR 6-10 LPA |
Portfolio Manager | INR 11-28 LPA |
Source: Glassdoor & Payscale
10. Certificate in Investment Banking (CIB)
The best career option after B. Com is Investment Banker. There is a small course of 6 months to pursue a career in this field. To evaluate your knowledge, skills, and understanding in investment banking the CIB course is designed. The role of investment bankers is to provide advice to your client to raise capital by issuing debts and selling equities. Higher salaries are offered for this position.
The average annual salary is 9.6 lac in India.
Company Name | Salary(INR) |
Verity Knowledge Solutions | INR 7,30,920 |
J.P. Morgan | INR 15,93,130 |
Goldman Sachs | INR 17,46,547 |
HSBC | INR 17,28,738 |
Citi | INR 30,62,293 |
Accenture | INR 9,03,446 |
Source: Glassdoor & Payscale
11. Certified Management Accountant (CMA)
The focus of the CMA course is on two parts. The first is management accounting and the second is financial management. Areas like professional ethics, decision support, and financial planning are covered in this course. CMA should have two years of experience. After completing this course you will have opportunities in the public as well as private sectors.
The average annual salary of CMA is 8.1 lac in India.
Company Name | Salary(INR) |
Wipro | INR 5,75,000 |
Genpact | INR 4,25,000 |
J.P. Morgan | INR 10,00,000 |
Oracle | INR 13,38,335 |
Reliance Industries | INR 11,25,000 |
Hindustan Uniliver | INR 13,25,000 |
Source: Glassdoor & Payscale
Certified Management Accountant (CMA) Jobs by Salary
Job Title | Average Salary(INR) |
Financial Analyst | INR 5,26,384 |
Financial Manager | INR 10,89,456 |
Chief Financial Officer | INR 38,69,764 |
Senior Financial Analyst | INR 7,73,518 |
Accountant | INR 3,02,524 |
Cost Accountant | INR 6,87,845 |
Source: Glassdoor & Payscale
12. Certified Public Accountant (CPA)
CPA mainly focuses on creating financial statements audits, and other attestation services. Decision-making completely depends on the financial statements provided by the CPA.
The average annual salary of CPA is 6.9 LPA.
Job Title | Average Salary |
Sr. Tax Accountant CPA | INR 11,28,008 |
Staff Accountant | INR 3,10,000 |
CPA/ Accounting Manager | INR 7,03,418 |
Senior Accountant | INR 6,73,664 |
CPA Accountant | INR 6,91,525 |
Source: Glassdoor & Payscale
13. Financial Risk Manager
An FRM degree is a gold standard in the financial and risk management industry. Having this certificate indicates that the candidate is having a strong knowledge of risk management concepts in the dynamic financial market. The job role of FRM is to identify and analyze the threats to the company’s performance, earnings, and assets. The average annual salary of FRM is in the range of 10lac to 18lac.
Job Title | Average Salary |
Risk Analyst | INR 5,90,000 |
Quantitative Analyst | INR 10,00,000 |
Risk Manager | INR 10,00,000 |
Source: Glassdoor & Payscale
14. Digital Marketing
Most start-up companies are preferring digital marketing over other methods. Digital marketing has become a convenient job option for people where they can earn from home. There are some courses that students need to do before jumping into a career. Because gaining in-depth knowledge is always beneficial. Digital marketing courses can last from 3 months to 11 months. There are several institutes that provide training for digital marketing. This is the most creative job in which you can run a business in the digital world. Topics included in the digital marketing course are SEO, SEM, SMM, Content Development, Web Design, and many more. The average annual salary is 5.1 lac in India.
Job Title | Entry Level | 2-3 yrs of experience |
SEO Specialist | INR 1,76,578 | INR 3-6 LPA |
PPC Analyst | INR 3,00,000 | INR 4-6 LPA |
Web Developer | INR 2,00,000 | INR 3-8 LPA |
SMM Specialist | INR 2,52,444 | INR 4-8 LPA |
SEM Specialist | INR 2,80,000 | INR 4-6 LPA |
Data Analyst | INR 3,00,000 | INR 4-7 LPA |
Paid Media Specialist | INR 3,00,000 | INR 5-8 LPA |
Digital Marketing Manager | INR 5,48,755 | INR 7-10 LPA |
Source: Glassdoor & Payscale
Summary
This article focuses on various post-graduation courses like M.Com, MBA, Law. Also, it gives an insight into the courses and jobs after B.Com. students who are dwelling between the decision to select PG or a job after B.Com will be able to take the correct decision after reading this article. But to achieve the job in their dream field students should invest the time to prepare for the exam or prepare for the interview. Because there are several exams that commerce students need to give to achieve a specific position in the field.
There are various courses like digital marketing, CPA, CMA, CFA, CFP through which students can get a good job in the corporate sector. We hope now students will get to know how to select the right career path after reading this article. If you have any related queries, feel free to ask in the comment section below.
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