Introduction
BCom or Bachelor of Commerce is a popular program chosen by students after completing their 10+2 education. After obtaining a BCom degree, students often pursue postgraduate degrees or professional certificate courses to enhance their long-term career prospects and improve their job opportunities in the industry. Higher education, especially in terms of professional degrees, can lead to better salary packages. If you are wondering what to do after BCom, this article will provide you with insights into the best courses Jobs after B.Com and Salary (2023) and other professional courses that you can consider.
Available Options for Best Courses After BCom
There are numerous options available for courses after BCom. Some of the most obvious choices for students include pursuing an MBA or MCom. Additionally, many students enroll in professional courses such as CS, ACCA, CFA, and CA, which offer valuable certifications.
Job Profiles and Salary
After completing a BCom degree, graduates have a variety of job prospects. Some of the popular job profiles for BCom graduates include Bank PO, Accountant, Tax Consultant, and Account Executive, with an average salary ranging from INR 3-5 LPA. For postgraduate courses like MBA and MCom, the salary expectations can go up to INR 20 lakhs annually.
List of Best Courses After BCom
Master of Business Administration (MBA)
MBA is a highly sought-after postgraduate program for students after completing BCom. It offers comprehensive knowledge and skills in various aspects of business and management. The duration of an MBA program is typically 2 years. Graduates from any discipline, including business and non-business backgrounds, can apply for an MBA. The course curriculum includes subjects such as Finance, Marketing, Human Resources, Operations, and Entrepreneurship. Students learn valuable skills related to strategic planning, leadership, decision-making, and problem-solving. With an MBA degree, graduates can pursue diverse job roles such as Marketing Manager, Management Consultant, Investment Banker, Business Analyst, and Financial Advisor. The average salary for MBA graduates ranges from INR 6-15 LPA, depending on factors such as specialization and industry.
Master of Commerce (MCom)
MCom is a postgraduate degree program that focuses on advanced studies in commerce and related disciplines. The duration of an MCom program is typically 2 years. To be eligible for MCom, students must have a BCom degree from a recognized university. The course curriculum delves deeper into subjects like Accounting, Finance, Economics, Business Law, and Taxation. MCom equips students with advanced knowledge and skills required for various roles in finance, accounting, research, and teaching. Graduates can pursue career opportunities such as Cost Accountant, Tax Consultant, Certified Public Accountant, Sales Analyst, and Financial Analyst. The average salary for MCom graduates ranges from INR 3-6 LPA, depending on factors such as experience and specialization.
Association of Certified Chartered Accountants (ACCA)
ACCA is a globally recognized professional accounting certification offered by the Association of Chartered Certified Accountants. The program is designed to develop expertise in accounting, finance, and business management. ACCA consists of a series of 14 exams that students need to pass within a duration of 2-3 years. The program covers various aspects of accounting, including financial accounting, management accounting, taxation, audit, and financial management. ACCA graduates gain a deep understanding of international accounting standards and practices. They are highly sought after by multinational corporations and financial institutions. Job opportunities for ACCA graduates include roles such as Financial Analyst, Associate Accountant, and Accounts Payable Officer. The average salary for ACCA graduates ranges from INR 4-15 LPA, depending on factors such as experience and expertise.
Chartered Accountancy (CA)
Chartered Accountancy (CA) is a prestigious professional qualification for individuals interested in pursuing a career in accounting, auditing, and finance. The CA course is governed by the Institute of Chartered Accountants of India (ICAI). To become a CA, students must pass a series of exams conducted by ICAI, including the Common Proficiency Test (CPT), Integrated Professional Competence Course (IPCC), and CA Final. Along with the exams, students are required to complete a 2.5-year article-ship under a practicing CA. CA professionals have in-depth knowledge of accounting principles, financial management, taxation, and auditing. They can work in various sectors, including public accounting firms, corporate finance, taxation consultancy, and advisory services. The average salary for CAs ranges from INR 9-22 LPA, depending on factors such as experience, specialization, and industry.
Company Secretary (CS)
Company Secretary (CS) is a crucial role in corporate governance and compliance. CS professionals ensure that companies comply with legal and regulatory requirements. They handle various aspects of corporate law, including board meetings, statutory filings, and corporate governance frameworks. To become a CS, students need to complete the CS course offered by the Institute of Company Secretaries of India (ICSI). The CS course has three levels: Foundation, Executive, and Professional. After completing the course, students need to undergo practical training. CS professionals can work in both the private and public sectors, serving as Company Secretaries, Compliance Officers, Legal Advisors, and Corporate Governance Executives. The average salary for CS professionals ranges from INR 4.5-10 LPA, depending on factors such as experience, expertise, and industry.
Chartered Financial Analyst (CFA)
Chartered Financial Analyst (CFA) is a globally recognized professional qualification offered by the CFA Institute. The CFA program equips finance professionals with a strong foundation in investment analysis, portfolio management, and financial decision-making. It covers a broad range of topics such as economics, ethics, financial reporting, equity investments, fixed income, derivatives, and alternative investments. CFA professionals possess advanced knowledge and skills required for investment research, asset management, and financial analysis roles. They are highly regarded in the finance industry, particularly in areas such as investment banking, asset management firms, and hedge funds. The average salary for CFAs ranges from INR 10-25 LPA, depending on factors such as experience, specialization, and industry.
Certified Management Accountant (CMA)
Certified Management Accountant (CMA) is a professional certification offered by the Institute of Management Accountants (IMA), USA. The CMA program focuses on management accounting and financial management. It equips professionals with skills in financial planning, analysis, control, decision support, and strategic management. To become a CMA, students need to pass two levels of examination and fulfill the required work experience criteria. CMAs have opportunities in management accounting, financial analysis, budgeting, and strategic planning roles. They are highly valued in multinational corporations and organizations seeking professionals with expertise in management accounting. The average salary for CMAs ranges from INR 8-14 LPA, depending on factors such as experience, expertise, and industry.
Bachelor of Education (B.Ed)
Bachelor of Education (B.Ed) is a popular program for individuals interested in pursuing a teaching career. It is a two-year postgraduate degree that prepares students to become teachers in schools and educational institutions. B.Ed programs focus on developing teaching skills, pedagogical knowledge, and classroom management techniques. Students learn about educational psychology, curriculum development, assessment methods, and teaching strategies. B.Ed graduates can work as teachers in primary, secondary, and higher secondary schools. They can also pursue careers in educational administration, curriculum development, educational consulting, and educational research. The average salary for B.Ed graduates ranges from INR 3-10 LPA, depending on factors such as experience, location, and school type.
Some Jobs after B.Com and Salary (2023)
Top BCom Colleges in India
Here is a list of the top colleges that offer BCom courses in India:
College Course Fees
| Shri Ram College of Commerce | INR 60,000 |
| Hindu College Delhi | INR 15,000 |
| Hansraj College Delhi | INR 50,000 |
| St. Joseph’s College of Commerce | INR 3.50L |
| Loyola College, Chennai | INR 15,000 |
| Daulat Ram College Delhi | INR 50,000 |
| Ramjas College Delhi | INR 35,000 |
| Sri Venkateshwar College, Delhi | INR 40,000 |
| Manipal University | INR 4,00,000 |
| Mount Carmel College | INR 1.5L |
| Gargi College Delhi | INR 25,000 |
* Course fees may vary, so plz check the collage site and confirm the fees.
Competitive Exams after BCom
Government jobs are a popular option for building a career after BCom. Some of the competitive exams for government sector jobs after BCom are:
- IBPS PO
- RBI Grade B Officer
- SBI PO
- SBI Clerk
- IBPS Clerk
- LIC AAO
- SSC CGL Exam
- UPSC CSE | IAS Exam
Consider these exams as they offer excellent opportunities in the public sector.
Conclusion
Choosing the best courses after BCom is crucial for building a successful career. The courses mentioned above provide a wide range of options for students to explore based on their interests and long-term career goals. Pursuing postgraduate degrees or professional certifications can significantly enhance job prospects and earning potential. Evaluate your options carefully and select the course that aligns with your career aspirations and personal interests.
FAQ’s
Which MBA is best after BCom?
The best MBA specialization after BCom depends on your career goals and interests. Common specializations include Finance, Marketing, Human Resources, Operations, Entrepreneurship, and International Business. Choose a specialization that aligns with your skills and aspirations.
Is MBA good after BCom?
Pursuing an MBA after BCom can be beneficial as it provides advanced business knowledge, enhances career prospects, and opens doors to leadership roles. It equips you with a broader skill set and can lead to higher salary opportunities.
Is BCom a valuable degree?
Yes, BCom is a valuable degree as it offers a strong foundation in commerce, accounting, finance, and business principles. It prepares students for various roles in the corporate world and serves as a stepping stone for higher education and specialized careers.
Which postgraduate course is best after BCom?
Some of the top postgraduate courses after BCom are:
- Master of Business Administration (MBA)
- Master of Commerce (MCom)
- Chartered Accountant (CA)
- Company Secretary (CS)
- Association of Chartered Certified Accountants (ACCA)
Which MBA specialization is best after BCom?
The top MBA specialization after BCom is MBA in Finance. However, you can choose the specialization based on your own areas of interest.
Which BCom degree is considered the best?
A Bachelor of Commerce degree in Accounting or Financial Management can be an ideal choice. For those who are entrepreneurial and creative, the BCom in Entrepreneurship might be the best option.
What are the job prospects and salary after BCom?
Job options after BCom include roles such as bank manager, accountant, tax consultant, company secretary, chartered accountant, and investment banker. The average salary after BCom ranges between INR 3.5 to 6 LPA.
What can I do after BCom?
There are various options to consider after BCom, such as:
- Master of Commerce (MCom)
- Master of Business Administration (MBA)
- Chartered Accountancy (CA)
- Company Secretary (CS)
- Chartered Financial Analyst (CFA)
- Business Accounting and Taxation (BAT)
- Financial Risk Manager (FRM)
- Banking
What are the best job opportunities for BCom students?
Some of the top job opportunities for BCom graduates are:
- Accounting and Auditing
- Tax Advisory Services
- Financial Services
- Commercial Banking
- International Banking
- Insurance Services
- Telecommunication Services and BPOs
- Manufacturing Services
Can I pursue a career abroad after BCom?
Yes, after completing BCom, you can opt for careers and jobs abroad. Certified Management Accountant (CMA) is a popular option for students looking for international career prospects.
Are there job opportunities at Google for BCom students?
Yes, Google invites applications from BCom graduates for various positions, such as Partner Operations Manager, with a minimum qualification of a bachelor’s degree in the commerce field.
How can I get a job in a bank after BCom?
To get a job in a bank after BCom, you can apply and clear competitive exams such as IBPS PO, RBI Grade B Officer, SBI PO, SBI Clerk, and IBPS Clerk.
Can I pursue higher education after BCom?
Yes, after completing BCom, you can pursue higher education in fields such as MBA, MCom, or specialized courses like Chartered Accountancy (CA) or Certified Financial Analyst (CFA).
What are the advantages of pursuing an MBA after BCom?
Pursuing an MBA after BCom can open doors to management and leadership roles in various industries. It provides a broader perspective and enhances your business acumen, making you eligible for higher-paying positions.
Can I pursue a career in finance after BCom?
Yes, BCom provides a solid foundation for a career in finance. You can explore roles such as financial analyst, investment banker, financial planner, or work in financial institutions like banks, mutual funds, or insurance companies.
What are the options for higher studies abroad after BCom?
After BCom, you can explore opportunities for higher studies abroad, such as pursuing a Master’s degree in business administration, finance, accounting, or related fields