Career options after Bcom are multiple. You may have joined Bcom stream because you could not get admission into science. But Bcom also offers a lot of fantastic career options.
I would like to discuss some of the points I think would be helpful for you to decide your career. I hope these will help you to decide what to focus in near future.
First of all, you should have clear mindset for what you want to do. Do you want to pursue further studies or go for a job.
I have done the homework for you in both the scenarios. So let’s dive into that.
If you choose to do further studies -: best course after bcom
Masters in Commerce
If you want to, you can pursue Masters of commerce in your same college. Some people on the Internet call Mcom useless. I would like to say nothing is useless.
Everything has a purpose. Mcom is a masters degree which has academic value if you want to do PhD in the subject. Mcom is not only for becoming clerks or junior accountants.
There is a huge scope for research in commerce / management / business economics related fields provided you clear Net Jrf in commerce and with outstanding academic record.
but unfortunately, only 5% of the total commerce students know this.
But only thing is it requires lot of patience and excellent intellectual capabilities. If you are an average student or not interested in academics then I do not recommend going in this direction
Masters in Business Administration
This is one of the best career options after bcom , and if you complete your MBA from a very good institute in India your average package will be around 1 to 2 million rupees.
To get selected for MBA course from the top institutes, you have to clear entrance exams. These exams go by different names.
- Common Admission Test ( CAT ), Graduate Management Admission Test( GMAT ), XAT( Xavier Aptitude Test ), MAT( Management Aptitude Test )
- ( GMAT: in India and abroad too, Rest entrance exams are for MBA in India )
An MBA degree helps to improve leadership qualities, management skills, make a tough call at the right time.
You can choose any of the MBA specializations to fit your exact goal like General Management, International Business, Finance, Marketing, Human Resource, Strategic Management, etc.
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Chartered Accountants are professionals who work in various sectors of the economy, managing the finances of an entity.
This can be for a business, individual, or government. It takes five years to complete the CA course. There are three levels of this course:
- CPT( Common Proficiency Test )
- IPCC( Integrated Professional Competence Course )
- FC( Final Course )
It is one of the best job oriented courses in India as well as abroad. The average salary of a CA in India ranges from 6-7 lakhs to 30 lakhs. International packages are even higher ranging upto 75 lakhs.
But to get job in the big companies with the big packages you need to clear CA exam in minimum number of attempts. Also you need to have decent communication skills and prepare well for HR round.
Questions you will be asked like tell me something about yourself, Tell me about time you failed, when there was conflict, how you handled stress, pressure, Why should I hire you, or tell me how you added value to your client
A CS is supposed to be an expert in matters of corporate governance and deals with regulatory compliance-related issues in any organization.
If you would like to join the course, you have to undergo two stages: Executive program and professional program. The average package of a fresher CS is around 7 lakhs in India.
Chartered Financial Analyst
Duty of CFA is to make sound decisions about companies, stocks, and industries for the purpose of making money for the corporation or individual. You have to pass the CFA exam to be a CFA.
Common Law Admission Test
You can also pursue a 3-year LLB course after B.Com. After successfully completing three years of LLB course, one can get a license to practice as a lawyer in any court in India and can give legal advice.
You can also prepare for government job exams like Civil Services Exams( IAS, IES, IPS ), SSC CGL, Railway RRB Exams( IBPS PO, IBPS Clerk, SBI PO, RBI, etc. )
● If you want to opt for a job: career options after bcom
Nowadays, organizations are in a continuous need of such commerce graduates who can help them to manage their routine business operations in a trouble -freeway.
And hence getting a basic job opportunity after completing B.Com is quite hassle-free if you are talented
Hereby I am mentioning some of the jobs for B.Com graduates in the top sectors.
This is the most suitable and preferable job for B.Com graduates. You can work on different sectors like a junior accountant, accountant executive, senior accountant, and account manager.
The big companies like Infosys, Wipro, Reliance, Tata are always in search of competent B.Com graduate for their organizations.
2 Tax Consultant:
Tax Consultants prepare tax returns, they often work closely with clients throughout the year to make sure client liabilities are minimized.
A variety of organizations employ tax professionals services firms, especially tax consulting firms, and law organizations with their own tax practice.
Tax consultants also work in corporate tax offices for US and international companies.
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4 Event Manager:
The Event Manager is the person who plans and executes the event, taking responsibility for the creative, technical, and logistical elements.
Event management is fast catching up as a hot career option owing to the increasing trend in the retail and marketing sector.
A good event manager executive can either work as a manager in an event management company or as a consultant in corporations or can work independently.
5 Financial Consultants:
Financial Consultants provide advice to clients on taxes, retirement planning, investments, and insurance decisions to help clients achieve their financial objectives. Financial Consultants are either self-employed or work for financial institutions or consulting firms.
I hope you will look forward to these points and will then decide the best option for your nearby future.
Thus you can see that there are very good career options after Bcom.