For commerce students to advance professionally, selecting the appropriate career options after B. Com is essential. Seeking a postgraduate degree such as an M. Com, MBA, CA, CS, or another, is advised if you have a strong interest in business and finance. A B. Com degree opens up a wide range of professional options, including non-traditional ones like investment banking and financial risk management as well as conventional ones like accounting, chartered accountancy, and company secretary.
You can go deeper into non-mainstream areas such as wealth development, auditing, banking, insurance, taxation, and management. It's critical to match your job options with your interests, whether you decide to pursue a teaching profession by earning a B. Ed and M. Com or by taking competitive exams like the Bank-PO. This page offers a guide to the different career options after B. Com for graduates in 2024, B. Com colleges in Greater Noida, B. Com Jobs, B. Com salary, etc. Look around to see what best suits your goals.
Career Options after B. Com
Some B. Com graduates from top B. Com colleges in Greater Noida may choose to pursue further education, while others may choose to begin working right away. Think carefully and balance the benefits and drawbacks of your options when determining "What after B. Com?" Here, we'll discuss the best career options after B. Com to assist you in making an informed choice.
B. Com Jobs are frequently associated with banking, accounting, and finance. Given that the finance department is a vital component of any firm, these areas present a variety of opportunities across multiple industries. After earning your B. Com, you should think about the following important fields:
Banking: Look at openings in the management, accounting, or finance divisions of businesses, as well as government banks after leaving B. Com colleges in Greater Noida.
Finance: In the current work environment, a B. Com alone might not be sufficient. We'll talk about post-B. Com courses that can help you advance in the fast-paced banking industry.
Accounting: You can use your B. Com in accounting for a variety of purposes. Graduates are in demand with competitive B. Com salary packages.
Insurance: Opportunities in banks, financial institutions, insurance companies, and audit firms are made possible by the growing popularity of B. Com Insurance Management.
Taxation: B. Com graduates with a focus on taxation can pursue careers in the public and commercial sectors in teaching, finance, chartered accounting, and other fields.
Education: For a direct route to a teaching job intended for intellectual pursuits, pursue a B. Ed. program after earning a B. Com.
Wealth Management: Use your communication and negotiating abilities to oversee customer connections while providing financial services guidance.
After receiving your B. Com, think over these varied B. Com job alternatives to see which ones fit your interests and objectives.
Top 13 Career Options after B. Com.
Many opt for further education after earning their B. Com to acquire the necessary skills for a successful career launch. A graduation degree is insufficient in today's competitive work market; specialization is essential. Following a B. Com, the following are recommended courses:
Master of Commerce (M. Com):
After earning a B. Com, pursuing an M. Com is a wise choice for individuals looking for a variety of B. Com jobs. This advanced academic endeavour offers specialties in Finance, Economics, Marketing, and other areas, allowing for in-depth investigation of topics like Accounting, Taxation, and Business Studies.
Selecting an M. Com improves a person's chances in the workplace by providing access to a wider grasp of their subject. Career options after B. Com, with the additional knowledge obtained through an M. Com, it became more varied and promising.
Bachelor of Education (B. Ed):
When entering the teaching field, candidates for B. Com degrees frequently choose to pursue a Bachelor of Education (B. Ed). This path not only fits with a love of education but also prepares graduates to become professors by having them complete an M. Com and PhD after earning a B. Com.
The combination of a B. Com and a B. Ed enables applicants to make substantial contributions to the academic field, expanding their career options after B. Com.
Master of Business Administration (MBA)-Finance:
After earning a B. Com, it makes sense for individuals with a preference for the financial industry to pursue an MBA with a Finance specialization. With this advanced degree in business, students can acquire the managerial skills needed in Finance, BFSI, IT, consulting, and large organizations.
B. Com Jobs grow dramatically and include positions like Treasury Manager, Finance Manager, and Financial Analyst, to mention a few.
Chartered Accountancy (CA):
One of the most sought-after career options after B. Com in the financial sector is chartered accounting. This post-Class 12 or post-graduation professional course covers accounting, auditing, taxation, and financial assessment.
Those who successfully complete the Institute of Chartered Accountants of India (ICAI)-administered CA Course are awarded the prestigious certification that enables them to manage business finances professionally.
Company Secretary (CS):
A tempting option for individuals looking for exciting Career Options after B. Com is Company Secretary. This profession, which is governed by The Institute of Company Secretaries of India (ICSI), entails overseeing tax returns, advising the board, adhering to the law, and guaranteeing general corporate compliance.
CS is essential to corporate governance and is considered one of the best B. Com Jobs in the workforce.
Chartered Financial Analyst (CFA):
The CFA designation provides B. Com graduates with a global route to more rewarding Career Options. To pass the CFA course, which is offered by the CFA Institute, candidates must pass three exam levels that encompass subjects like accounting, economics, business ethics, money management, and security analysis.
Candidates receive the certification upon completion, entitling them to positions as professional financial analysts.
Business Accounting and Taxation (BAT)
Business Accounting and Taxation (BAT) is a short-term, industry-focused course designed for B.Com graduates who are looking for real-world experience. This course, which covers important topics like payroll, direct taxation, financial reporting, and goods and services tax (GST), is best suited for working professionals with a few years of experience.
BAT makes people industry-ready and offers specialized skills, which improve Career Options after B. Com.
Certified Management Accountant (CMA)
For graduates of B. Com colleges in Greater Noida, the Institute of Management Accountants' Certified Management Accountant (CMA) credential appears to be a desirable choice. The CMA course prepares students for careers in financial accounting and strategic management by covering topics like budgeting, risk management, cost management, and decisions related to external financial reporting.
Gaining the CMA certification prepares individuals for a variety of financial duties and improves Career Options after B. Com.
Certified Public Accounting (CPA)
A key credential in financial advising professions is the Certified Public Accounting (CPA) designation, which is provided by the American Institute of Certified Public Accountants (AICPA). Graduates of B. Com colleges in Greater Noida who want to become CPAs must pass a demanding exam that covers financial accounting, business environment, regulation, and auditing.
A CPA certification expands one's career options after B. Com and makes one legally qualified to provide audit and financial advice.
Financial Risk Management (FRM):
Graduates of B. Com Colleges in Greater Noida working in the financial risk management industry find the Financial Risk Management (FRM) certification from the Global Association of Risk Professionals (GARP), which is widely recognized, appealing. Professionals with at least two years of work experience are evaluated by means of a two-part exam.
Obtaining FRM certification broadens one's career options after B. Com. by providing expertise in risk assessment for banks, insurance providers, regulatory bodies, and asset management firms.
Govt. Exams for B. Com Grads
There are several alluring choices via competitive tests if you're pursuing government B. Com jobs in India. These tests act as entry points to highly sought-after B. Com jobs in government agencies and nationalized banks. Among the well-known ones are:
RBI Grade B Officer: Through competitive tests, B. Com graduates are drawn to the Reserve Bank of India's prized Grade B Officer position.
SBI PO (Probationary Officer): Exams are held by the State Bank of India for prospective B. Com. graduates to become Probationary Officers (SBI POs), paving the way for a lucrative banking career.
SBI Clerk: The SBI Clerk test offers a great chance for individuals pursuing entry-level roles in the State Bank of India following their B. Com.
Institute of Banking Personnel Selection (IBPS Clerk): Graduates of B. Com colleges in Greater Noida can choose to sit for the IBPS Clerk test, which can lead to opportunities in clerical roles at different banks.
Probationary Officer (IBPS PO): Candidates for B. Com jobs can sit for the IBPS PO test, which opens doors to managerial positions in financial organizations.
LIC AAO (Life Insurance Corporation - Assistant Administrative Officer): For B. Com graduates interested in a career in insurance, LIC provides an exciting opportunity to pursue a fulfilling career through the AAO test.
UPSC CSE | IAS Exam: The UPSC Civil Services Exam provides access to administrative positions, including the esteemed Indian Administrative Service (IAS), for individuals with goals beyond banking.
SSC CGL exam (Staff Selection Commission – Combined Graduate Level): B. Com graduates can investigate a range of government job options through the SSC CGL exam, which covers numerous ministries and departments.
Railway Recruitment Board – Non-Technical Popular Categories (RRB NTPC): B. Com graduates seeking employment in the railway industry may want to take the RRB NTPC exam, which offers non-technical categories.
Career Option after B. Com: B. Com Jobs & B. Com Salary
The B. Com jobs available to B. Com graduates in the competitive job market of today go beyond the traditional paths of earning advanced degrees like M. Com or B. Ed. Graduates can enter the workforce and hold positions as junior accountants, finance executives, or sales executives with ease.
Alternatively, for a targeted entry into the banking and investment sectors, people can select specialized professional courses such as MBA, CA, CS, CFA, CMA, CFP, and FRM. Following a B. Com, the following professions are common in India:
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Career Options After B.Com: Jobs & Salaries
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B. Com Jobs
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Average B. Com Salary (INR)
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Jr Accountant
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2.4 LPA
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Accountant
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3.3 LPA
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Account Executive
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3.7 LPA
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Business Executive
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3.3 LPA
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Financial Analyst
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5.7 LPA
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Tax Consultant
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6.7 LPA
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Financial Consultant
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5.6 LPA
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Accounts Manager
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8.6 LPA
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Business Consultant
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13.9 LPA
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Finance Manager
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17.3 LPA
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Chartered Accountant
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9.6 LPA
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Company Secretary
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7.9 LPA
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Chartered Financial Analyst
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6.14 LPA
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Certified Management Accountant
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7 LPA
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Financial Risk Manager
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10.8 LPA
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Certified Financial Planner
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3.7 LPA
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Bank Manager
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9.1 LPA
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Commerce Teacher
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2.6 LPA
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Conclusion
Furthermore, there is a wide range of lucrative employment choices available for those with a B. Com. The B. Com degree serves as an entryway to a range of options in banking, government exams, entrepreneurship, and more, whether taking the standard path or venturing down uncharted territory.