Career Opportunities after B.Com

Career Opportunities after B.Com - When you complete your B.Com or Bachelor of Commerce degree, it is already a good achievement. However, doing graduation is not sufficient when you want to carve a beautiful career for yourself. Thus, it is important that you pursue some other value-adding courses to do well in the fields of accounting and finance, business, commerce, and other similar domains. However, doing B.Com does not mean that you cannot explore other career opportunities after B.Com. In fact, you can apply for some types of jobs or competitive examinations after completing this degree. Let us start by guiding you about the academic options you may take up after B.Com.

Academic Courses to Pursue after B.Com:

The scope of B.Com is widened and career opportunities after B.Com increased when you continue higher studies by taking up a postgraduate or job-oriented academic course. Commerce graduates can take up several types of courses. Check out here some of the most common and helpful options available to you:

Academic Courses for Commerce Graduates:

Opportunities after these Academic Courses:

By pursuing any of the listed courses, you can specialise in a particular field that is of interest to you. You can also pursue a professional or certification course to explore the best of job and career opportunities after B.Com. After completing these courses, students can enter industries, such as banking and finance, financial planning, accounting, taxation, insurance, marketing, equity research, and the like. The 2-year Master’s degree courses groom you well in your chosen area.

Students who do M.Com have several career opportunities after B.Com, provided they pursue it from an AICTE-approved and government-recognised college or university. After completion of M.Com, they can join private and public sector firms as accountants, sales officers, credit or loan officers, financial analysts, relationship managers, etc. They can also join banks as probationary officers. On the other hand, students can raise their job prospects to manifold if they choose to do an MBA in finance. If available in a B-school, they can also go for MBA in banking and insurance management. An MBA degree can get them high-paying jobs in the top companies.

Further, popular courses like CA, CS, and ICWAI can kick start your career after you complete them. While some commerce students enter government departments and financial institutions, some others join international organisations or MNCs after completing these courses. While any B.Com student with overall 55% marks can go for the CA course, it requires him/her to do a minimum of 3-year training for course completion. The CS course has Foundation, Executive, and Professional sections with different eligibility criteria for each of them. You can go up to Professional level to widen your career opportunities after B.Com. As against this, the multiple-entry CWA course can be completed in a minimum of three years.

Apart from the above, if you pursue an international course like CMA or ACCA, then you can reach the top MNCs or go global. These courses cover aspects like financial planning and analysis, decision support, accounting, management, banking, and more. In fact, the ACCA course also provides you with the knowledge of UK GAAP and IFRS as well as several laws, thus making this course superior to CA. To widen the career opportunities after B.Com, you can further pursue courses like Diploma in Banking & Services, Certified Bank Manager Programme, Certified Financial Planner, and Certificate Course in Project Finance.

Job Options Available after B.Com:

As not every student would want to pursue postgraduate or certification courses, there are decent job options to take up right after completing B.Com. Know more about the types of jobs you can take up if you do not want to explore academic career opportunities after B.Com. Check these out:

• Banker: You can apply for a banking job, as banks mostly hire commerce graduates. Keep a track on their recruitment ads and register on their websites.

• Accountant: This is another common job option after B.Com. You will find the openings for accountants in almost all types of industries, as firms have to keep track of their profits and losses and the overall functioning. This is not possible without accountants being there.

• Human resource personnel: Commerce graduates can easily get a nice job in the HR departments of firms. While they can work as HR personnel, they can also work independently after gaining experience.

• Tax consultant: If you are exploring career opportunities after B.Com, specifically in the area of taxation, then you should apply for the position of a tax consultant. You can have many such openings with different types of companies. When you receive sufficient experience, you can even start your own firm or consulting business.

• Stockbroker: If you are strong in subjects like mathematics, economics and finance, then you can become a good stockbroker by doing a short course in stock trading.

• Auditor: While not all commerce graduates can get the position of an auditor, many bright ones can grab such a job that allows interaction with clients and travel opportunities. Auditors have to keep a check on accounting ledgers and financial statements.

• Finance or insurance consultant: Many financial and insurance firms hire consultants who can guide clients on issues like savings and financial and retirement planning. Thus, they seek commerce graduates who are able to work as a finance consultant or insurance consultant.

• Government jobs: You can make attempts at competitive exams for government jobs, such as civil services, bank POs, and government recruitment exams for the officer.

• Entrepreneur: If you have the knack of business, then you can become an entrepreneur even after B.Com. The subjects you have learned during B.Com can be of great help in running a successful small-scale business.