What to do after B.Com ?

In this article or blog, every learner will learn the best career options to choose from after BCom [2024]. Here is a list of our courses / degrees. Every b.com learner can take this course after completing b.com. 

Here is a list of  courses / degrees. Every b.com learner can take this course after completing b.com. Take a look at the list of courses below.

1. Certified corporate accounting (CCA) 
2. Chartered Accountancy (CA)
3. Company Secretary (CS)
4. Master of Commerce (M.Com)
5. Chartered Financial Analyst (CFA)
6. Business Accounting and Taxation (BAT)
7. Certified Management Accountant (CMA)
8. US Certified Public Accounting (CPA)
9. Financial Risk Manager (FRM)
10. Association of Chartered Certified Accountants (ACCA)
11. Certified corporate accounting (CCA) 
12. Master of Business Administration from Deakin Business School (MBA)
13. Certified Financial Planner
14. Certificate in Investment Banking (CIB)

Read the full article to know more course details such as career scope, job opportunities, and salary insights.

“What to do after B.Com?”

Many learners wonder about which are the best career options after b.com graduation ? which courses or degree after b.com? how to achieve a future career after bcom .Bachelor of commerce or B.Com is among the most popular graduation courses that students take after completing school. keep reading this article to make the best decision for your life. Meanwhile, you can also check out our certified corporate accounting course .

In this time, having a B.Com degree is very important for a commerce student. But just having a degree is not enough. It is hard to find good-paying jobs for B.Com graduates if you don't take the right courses after B.Com. This piece will help you learn more about jobs and pay after B.Com. Just finishing a degree does not mean a good job later. You need to do a post-grad or get a certificate to have a good job after B.Com.

You can take short classes after B.com to get better jobs.

Finish B.Com, then what? There are many jobs you can take, but not all people know what they can do to get a good job. Let's talk about job choices after B.Com that you may pick for a good job.

If you worry about "What can I do after BCom?" You will get your answers. Attent our free counciling on career prospect from Ready Accountant.

Why should you do B.Com?

There are several B.com courses in various streams to cater to the diverse interests of the candidates. Now, let us look at the bright aspects of doing B.com courses over other undergraduate courses.

• B.com makes the candidate an entrepreneur of the future. Unlike BBA, which trains the students mainly for a managerial post, the degree course of B.com prepares the candidate for the corporate as well as business world.
• Candidates acquire enormous knowledge in business and finance that can be used to progress further in their job or business.
• B.com degree and short-term courses after the B.com list have a gigantic domain as compared to other degrees and B.com degree holders have a wide range of sectors to work in like marketing, accounting, consultancies, investment banking, banks, capital management, etc.
• Many organizations prefer B.com graduates over others as B.com students have a vast and diversified academic exposure.
• The starting salary package of B.com holders is much more than the holders of other degrees.
• Many short-term courses are particularly designed to help B.com postgraduates gain advanced and industry-relevant skills.

BCOM Scope: All You Need to Know

What to do after graduation in commerce? After pursuing their BCom, most of the candidates look for answers for after b.com which course is best to have a decent career. In today's world, having an after Bcom courses alone won't get you far in your career. 

One needs to become an authority in the sphere of their choice to ensure they get a solid start. There is both an academic and professional course after B.com that one can pursue to gain advanced knowledge and expertise in the field. You will be able to work in the banking, accounting, and finance sectors upon completion of a BCom degree.

For those who wonder 'after Bcom which course is best, there are a wide range of after graduation courses in commerce. Since accounting and finance are applicable to all industries, they are therefore two of the four pillars of any business organization.

Career Options After Bcom: Sector-Wise Categorization

After Bcom which course is best or what to do after Bcom? Here are the different sectors where you can explore course after B.com in commerce:

Banking

            Government sector opportunities are there in plenty, be it as an official in a government bank or in some company's finance, account, or management. 

Suppose someone is passionate about starting their own business or going into government. Then they have the best career prospects after earning a BCom degree from any recognised school that has earned UGC-DEB certification.

Finance

            A bachelor's degree alone, such as a BCom, is not enough for a secure career in the dynamic and constantly changing modern labour market.

Students need more than just a BCom degree to compete in today's challenging job market. So, after b.com which course is best to give you the career push you need?

They need more skills besides accurate knowledge. After getting your BCom, we will discuss how you can pursue your dream of working in the finance sector. Working in finance is an exciting industry.

It is generally recognized that acquiring a bachelor's degree, especially a B. Com in the field of business, can be a wise career move and is the absolute minimum required to gain regular employment.

Looking to leverage your commerce background? Dive into the wide range of career options for commerce students and unlock the door to numerous opportunities that await you in the business world.

Accounting

         A career after BCom in accounting has a wide range of applications. The area has a lot of promise, and the graduates are getting picked up by respectable companies with good pay packages.

That's because finance, commerce, and other related fields are gaining universal acceptance as a global language. As a result, BCom accounting graduates have a wide choice of careers. The average salary that graduates command is about INR 4.78 LPA.

Insurance

        The reason students are finding BCom Insurance Management more appealing is that the market is saturated with insurance companies offering both life and non-life insurance products. Candidates can get employed by banks, financial institutions, insurance organisations, and audit firms involved with tax issues.

Taxation

      Candidates with a Bcom degree in Taxation have various job opportunities, whether it is teaching, finance, actuary science, chartered accounting, tax consulting, tax specialists, senior tax management, tax compliance management, and insurance. The graduate is employed by both the government and private sectors. 

The average salary commandable by freshmen in BCom. Taxation can be expected to range from INR 2 to 4.5 LPA, depending on their experience and skill levels.

Education

       After your BCom degree, you can pursue the very simple but useful B.Ed. Program. Your knowledge as a B.com graduate can help you pursue a lecturer profession.

After getting a BCom (B.Ed.), probably the simplest career pursuit would be the Bachelor of Education. The best course available after b.com is the two-year postgraduate teaching degree, or B.Ed., which was specifically designed to let students pursue an academic career. 

If you passed from a recognized Indian university with a mark between 50–55 percent, you are eligible to pursue this course.

Wealth Management & More

       You will advise customers on financial services to help them achieve their monetary goals. As a wealth manager, it is your duty to maintain relationships, give account information to customers, and suggest investment plans.

A good wealth manager should be good at sales and negotiation skills, imbued with self-confidence, and should be in a position to explain the information of their clients in a simple way. In the end, a superior wealth manager should be well-equipped with good communication skills, an in-depth understanding of wealth management, and knowledge of client relations tactics.

Best career options after B.Com

Certified corporate accounting (CCA)

The Certified Corporate Accounting (CCA) course is a highly sought-after program for students across various fields, especially after completing B.Com or any other graduation. It equips individuals with comprehensive skills to effectively manage diverse business aspects based on their chosen specialization.

The curriculum encompasses essential areas such as Tally Prime for streamlined accounting, Income Tax, GST for taxation compliance, ROC (Registrar of Companies) compliance for legal adherence, and Advanced Excel for efficient data analysis. Additionally, proficiency in G Suite enhances collaborative work and communication within corporate settings.

Overall, CCA offers a understanding of corporate accounting practices, making it an ideal choice for those aspiring to excel in the dynamic business landscape.

For aspiring accountants seeking to enhance their credentials, Ready Accountant presents its esteemed Certified Corporate Accounting course. Tailored for college students looking to refine their skills alongside their studies, this program stands out as a premier option post-B.Com. As per data from Payscale, graduates of CCA command an average salary of 3.2 LPA in India.

Career Opportunities for CCA-

• Accountant 
• .Management Accountant
• Tax accountant
• Financial Analyst
• Bookkeeper
• Payroll Manager
• Accounting Assistant
• Staff Accountants
• Tax Accountants
• Internal Auditors
• Auditors
• Cost Accountants
• Project Accountants
• Audit Managers
• Property Accountants
• Audit Associates
• Tax Associates
• Certified Public Accountants

Chartered Accountant (CA)

Chartered Accountancy is a top career choice for commerce students post-B.Com. Unlike an MBA, you can start CA right after high school. There are three stages in the CA program: CPT, IPCC, and CA Finals. Successfully crossing all three stages and a 2.5-year internship make one a certified chartered accountant. The duration of the course is about three years. CA graduates often find their niche in leading multinational firms like EY and Deloitte, or they can start their own CA practice.

Career Opportunities for Chartered Accountants-

• Internal Audit
• Tax Audit
• Forensic Auditing
• Treasury
• Statutory Audit
• Finance Controller
• Management Consulting

Company Secretary (CS)

With a B.Com, an important career is that of a Company Secretary, a prime managerial position, ranking beside the CEO and CFO. A CS is responsible for a firm's legal aspects, tax returns, records, and compliance with statutory regulations. To become a CS, you will study corporate law via a 3-year program with Foundation, Intermediate, and Final stages.

Also, you may equip yourself for a better career with an MBA from the following top universities, which have Master, Executive PGP, and Advanced Certificate Programs.

Eligibility: Graduation.

Career Opportunities for Company Secretary (CS)

• Arbitration and Conciliation
• Financial Management
• Due Diligence
• Corporate Restructuring
• Project Planning
• Foreign Collaborations
• Capital Market and Investor Relations

Master of Business Administration (MBA)

An MBA is one of the most sought-after postgraduate programs that appeals to students from any stream, including B. Com graduates. It includes all aspects related to the management of business based on the specialization that the student chooses. To get an MBA, first, one needs to clear the CAT exam, after which the score will determine which college you will get into. Doing an MBA after 2-3 years of working experience is a good idea. Fresh MBA graduates can command starting salaries between 5 to 25 lakh per annum, depending on the institute. According to PayScale, MBA graduates command an average of 6.2 LPA in India.

Career Opportunities in Master of Business Administration

• Business Consultant
• Marketing Manager
• Sales Manager
• Finance Manager
• HR Manager
• Project Manager

Master of Commerce (M.Com)

M.Com, a two-year postgraduate program in commerce, offered by recognized universities in India, enhances your understanding of concepts from your B.Com studies and their practical applications. With specializations in areas like accounting, business management, economics, and finance, M.Com prepares you for careers in sectors such as banking, finance, accounting, and taxation.

Chartered Financial Analyst (CFA)

The CFA designation, offered by the CFA Institute, is globally esteemed in the financial industry. Completing the rigorous 2.5-year program certifies competence in advanced investment analysis. With a curriculum spanning various domains such as economics, corporate finance, and portfolio management, it's highly valued by top firms like JP Morgan and Goldman Sachs. Graduates typically command an average salary of Rs. 6.6 LPA, making it an enticing post-B.Com career choice.

Business Accounting and Taxation

Still unsure of options and what to do after B.Com? The Business Accounting and Taxation Course is a program that is carefully developed by industry experts to prepare aspirants for industry-readiness in job roles of accounting. An excellent career option for B.Com graduates, in this program you will not only learn through practical and experiential learning but will master some of the most in-demand tools of the accounting and taxation industry and one of the best courses after B.Com. 

The course learning modules include topics like financial reporting using ERP software, finalization of financial statements, goods and service tax, direct taxation, payroll components ESIC, and Excel and MIS reporting.

The average salary for the skills of BAT usually lies between Rs. 4 LPA.

Certified Management Accountant, CMA:

If you are thinking of a career after B Com abroad, then CMA is the answer. This course will have two stages of examinations, coupled with two years of work experience.

The CMA (Certified Management Accountant) is a global professional certification credential provided by the Institute of Management Accountants in the USA. The concentration is on two fields: management accounting and financial management. If one possesses this certification, it means they have competence and knowledge in the areas like financial planning, analysis, control, decision support, and professional ethics. To become a CMA-certified professional, one will have to clear two stages of exams and have two years of experience in the field.

US Certified Public Accountant

Another globally recognized professional designation in our list is that of a Certified Public Accountant. It is offered by the American Institute of Certified Public Accountants (AICPA), and is one of the best courses after b.com. To pursue this course, you must possess in-depth knowledge of generally accepted accounting principles (GAAP). For a CPA license, the candidate needs to have a solid background in accounting, combined with extensive education—of at least 150 hours—and passing an arduous, four-part exam. 

CPAs prepare financial statement audits and other attestation services to help inform investors about the financial health of companies and firms. In addition, CPAs advise on both taxes and financial planning for both corporations and individuals. 

Financial Risk Manager (FRM)

For a recognized degree in banking and finance, FRM is an excellent option.

The Financial Risk Manager (FRM) designation is awarded by the Global Association of Risk Professionals (GARP). In the financial and risk management industry, this is the gold standard. If you acquire this certification, then it signifies that you have a solid background in the concepts of risk management in today's dynamic financial market. This is a comparatively short-term course that is for nine months.

The principal job role of a Financial Risk Manager is to identify and analyze threats to the assets, earning capacity, and performance or success of the company in the market. Financial Risk Managers can work in the fields of sales, private banking, loan origination, credit/market risk, trading, marketing, and financial services.

After completing this course, your average salary range will be anything between Rs 10 – 18 

Association of Chartered Certified Accountants (ACCA)

This course is well-known in 173 countries and opted for by thousands of students all around the globe. For all the students wondering what to do after B.com, there are 14 papers that you need to clear in this course, and the duration of the course is two years. The graduates of this course are in high demand by multinational companies, paying a salary ranging from 5 to 16 lakh, which makes this one of the best careers after BCom

Certified Financial Planner

CFP is one of the best courses after BCom. This course is for 6 months, and the courses have made the career options available to financial consultants, insurance consultants, and so on. A certified financial planner provides services to his clients with expertise on such subjects as investment plans, insurance decisions, tax issues, and personalized financial advice.
CFP certification shows expertise in areas such as financial planning, taxes, insurance, estate planning, and retirement planning. Four formal requirements must be met to become certified: education, performance on the CFP exam, relevant work experience, and demonstrated professional ethics.

This includes the Certificate in Investment Banking.

You would need to pursue the six-month course in CIB to get a certification in investment banking. The average pay in this course is quite high, with investment bankers being one of the better choices right after B.com. In this job, your role will be to provide your clients with your expertise in raising capital by selling equities and issuing debts in the company.

Investment banking is one of the fast-growing fields worldwide; certification in investment banking could go as an excellent add-on to your resume.

Conclusion

The above are some great career options after B.Com. We hope it will answer your question "What to do after B.Com?" and got clarity on career after bcom jobs and salary details. You can determine your interest based on the career choice that you would like to opt for after your graduation.

For all young minds, wanting to know what to do after B.Com, you have to check the time it requires, the difficulty level, and the price of the course before deciding which career after B.Com you want to go for. Any of the above best courses after B.Com will definitely land you with a great job so that you can start your journey in the professional world happily. 

If you are keen on upgrading your career with a certified corporate accounting course, Ready Accountant is offering corporate accounting course, the program has been designed to stand at par with the best  certified corporate accounting course across the globe.