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One of the many popular choices opted by students across India, for decades, has been the Bachelor of Commerce (B.Com), especially for those who wish to pursue a career in the commercial or corporate sector. While there are many other popular courses, the scope of gaining knowledge, skills, and training to tackle the corporate world is completely different than other courses.
In India, like in other countries, B.Com is a highly career-centric course, wherein, the students are trained in the different aspects of commerce and entrepreneurship. Therefore, like many academic programmes, the candidates will be trained to face challenges and provide a new perspective in the field as well.
5 Reasons why B.Com Degree is Great for Your Corporate Career
In this article, we will discuss 5 reasons why B.Com degree is great for your corporate career.
1) Training in a Vast Range of Topics:
As an undergraduate degree in the field of commerce, students are trained majorly in the field of commerce, finance and banking. However, there are so many areas of specialisations in the commerce sector, students will be able to qualify themselves for different sectors and industries. Among the top specialisations opted by B.Com aspirants across India include:
Accounts and Finance
Tourism and Travel Management
As depicted in the list above, there is a variety of courses varying in disciplines and nature of work, which allows for a more dynamic training in a vast range of subjects.
2) Greater Employment Opportunities:
In India, B.Com is one of the few subjects that offer great employment opportunities across different sectors. A majority of the countries including India follow a capitalistic regime, wherein commerce and trade are among the top players of an economy. Depending on the field opted by you as an aspirant, you will be able to pursue a career path in either the public or private sector. In either of the cases, the opportunities to build a lucrative career path for oneself in the long run.
Moreover, B.Com is one of the only few undergraduate courses that allows graduates to pursue a good-paying career path in the respective fields. Along with this, B.Com graduates who are able to enhance and use their skills and knowledge in the area will be able to attract better career development opportunities.
3) Immense Future Prospects:
While many B.Com graduates opt for pursuing a career right after graduating from the 3-year undergraduate course, however, a viable and commonly chosen path by B.Com graduates include pursuing higher education. While B.Com alone can provide a lucrative career path for an aspirant, even as far as providing managerial positions later on in their career path, pursuing a higher education degree in some cases shortens the journey to pursuing a highly lucrative path.
Here are some of the commonly opted higher education and future career paths by B.Com graduates in India.
Chartered Accountancy:Chartered Accountancy or CA has been one of the commonly chosen career paths B.Com graduates across India for decades. There are many reasons as to why one would choose to pursue a career in CA, including lucrative pay scale, good career growth opportunities, etc. Many students across India choose to pursue CA right after B.Com but it has also been witnessed B.Com graduates attempt to clear the CA examinations along with qualifying their B.Com degree.
MBA: Another common choice among B.Com graduates in India is to pursue an MBA or Master of Business Administration degree. MBA has been and continues to be one of the most popular choices in India for B.Com or UG graduates. Like B.Com, under MBA, graduates will be able to opt for different specialisations such as MBA in Finance, MBA in Marketing or MBA in Information Technology, among others.
M.Com: Another popular option is pursuing a Master of Commerce or M.Com degree. While it might seem that an M.Com degree would not add value to you, it would open up further career opportunities including professorship and research through UGC NET and Junior Research Fellowship.
LLB: Pursuing a law degree, i.e. LLB after B.Com is a viable but an uncommon option, on offer to B.Com graduates in India. If you have an interest and a knack for legalities and wish to pursue a career in corporate law, LLB after B.Com can aid immensely in the journey. With your expertise in the field, it will be easier for you to provide legal solutions in the field of commerce.
4) Job Profile and Areas of Employment:
One of the key features of a B.Com graduate is the ability to attract lucrative job profiles and areas of employment. Due to the variety in specialisations and skills, a B.Com graduate will be able to pursue a career a number of commerce-related profiles and roles. Here are some of the Job Profiles and Areas of Employment available to a B.Com graduate in India.
B.Com Job Profiles
Finance and Accounting Managers
B.Com Areas of Employment
Government and Private Banks
Industrial and Manufacturing Houses
The need for a qualified and skilled B.Com graduate, who has especially specialised in any one of the available B.Com specialisations in India will is immense. The job opportunities for such B.Com graduates will keep on increasing with a new focus of the Central Government on developing and aiding startups and newer business, the job opportunities for B.Com graduates will keep on increasing as well.
5) High Packages:
As has been mentioned above, whether it be a government or private organisation, the employment opportunities for a B.Com graduate is immense, so are the packages offered to B.Com graduates. Packages of a B.Com graduate, fresh out of the institution, can range anywhere between ₹2,00,000 - ₹4,50,000. Inevitably, the salary of a B.Com graduate will be determined by different factors such as the level of academic qualification, years of prior professional experience, area of specialisation and area of employment among others.
₹2,00,000 - ₹4,50,000
₹4,50,000 - ₹7,00,000
High/Senior Level Salary
₹8,00,000 - ₹11,00,000
The numbers and information provided in the table above are just for reference purposes only.
There are many reasons as to why one should pursue B.Com as a course of study at the higher education level. It is one of the more promising disciplines and proper training and academic qualifications would allow for lucrative career options. And to offer such impeccable academic qualifications, many prestigious colleges have been established in India.
Top Colleges for B.Com in India
Check out the list of Top colleges for B.Com in India.
If you are interested in taking admission to any one of the B.Com courses among the top B.Com colleges in India, then you can also fill out the Common Application Form, available on our website.