Best Career Options after B.Com: Eligibility, Salary, Top Colleges

Debanjalee Sen
Debanjalee SenUpdated On: February 26, 2024 06:19 pm IST

Are you looking for the best career options after B.Com? In this article, we have curated a list of the best careers after BCom along with higher study options in case candidates want to expand their job opportunities.

Best Career Options after B.Com

One of the most popular graduation programmes among students is the B.Com course (Bachelor of Commerce). As per the recent trend, many students are opting for B.Com after completing their Class 12th. A big question that these commerce students have is the best career options after B.Com. Many students go for private jobs, some prepare for government jobs while a considerable number of BCom graduates opt for higher education with the M.Com course, MBA course or certificate courses to enhance their skills and increase their chances of employability for a bright career option after BCom.

While commerce students should study BCom if they like accounting, taxation, etc., however, this degree alone will not help them get good job opportunities. To get a job that pays well, candidates have to select proper courses after completing their B.Com degree. After BCom courses, pursuing post-graduate studies or a professional certificate can help in making a well-established career. Read this article to get an understanding of the courses after BCom that candidates can apply for after completing their Commerce degree. This article will help students to find out the best career options after B.Com. 

Best Career Options after B.Com: Highlights

Many students are pursuing a BCom in the hope of getting suitable jobs after their degree with a good salary. The BCom course is prepared in such a way that students learn a vast array of topics in various business fields. Graduates tend to think what are the best career options after B.Com since there are many options available. There are quite a lot of courses available for BCom students that will help them gain advanced industry-related skills and eventually a job that pays well. Companies prefer BCom graduates as they have diverse and vast academic experience.

After finishing the BCom degree and other short-term courses, the opportunities students get are vast compared to other degrees. Commerce students wondering what can be the best career options after B.Com can work in the domains of accounting, marketing, investment, banking, etc. They can either directly enter the job market, do various courses or appear for government exam jobs.

Best Career Options after B.Com

Candidates pursue commerce courses in the hope of a good career scope after their graduation. The diverse range of best career options after B.Com is another reason for the course's popularity.  

Graduates have been often seen to opt for higher education so that they get good jobs and salary after BCom. Discussed here are some of the best career options after B.Com that graduates can get after completing the relevant courses.

  • Chartered Accountant

One of the best career options after B.Com is becoming a CA. There are 3 stages in the CA course namely CA Foundation, CA Intermediate and CA Final. Clearing all three stages along with an internship will help you become a certified Chartered Accountant. There are many options for a BCom graduate after completing CA in a variety of industries, including consulting, auditing, tax administration, finance, and financial analysis. You can also open your own CA firm and practice your degree. A CA can expect to earn INR 15 lakhs per annum. 

  • Banker

After completing your BCom degree, if you are wondering about the best jobs after BCom and salary, then the banking sector will be suitable for you. Both private and public sector banks prefer candidates from the commerce stream.

  • Company Secretary

A CS works in key managerial positions and is responsible for managing all the legal aspects of a firm or an organization. They mostly take care of a company’s tax returns, maintain tax records, offer actionable advice to the board of directors, and ensure that all the legal and statutory regulations are met. The average salary that a CS in India can expect is around INR 7 LPA to 9 LPA at the beginning of their career. 

  • Chartered Financial Analyst (CFA)

One of the best career options after B.Com is becoming a CFA which is a globally recognised professional degree offered by the CFA Institute. CFA is taught across three levels; CFA Level 1, CFA Level 2, and CFA Level 3. You can make a career after BCom after becoming a CFA in fields like banks, finance companies, mutual funds, auditing firms, legal houses, portfolio management companies, stock broking companies, attorneys, copyright registers, investment firms, patent firms, trade mark companies etc. The starting salary of a CFA in India is INR 6 LPA to INR 8 LPA. 

  • Tax Consultants

As a professional, a tax consultant helps businesses choose the best possible way to pay their taxes. They also find differences between the income and deductions of taxpayers. As tax consultants, the pay scale is good but depends majorly on the companies. These consultants examine business proposals and decide whether they may be profitable enough to pay personal or company taxes. The average salary for a Tax Consultant is INR 6 LPA in India.

  • Retail Store Manager

As Retail Store Managers, people have to maintain inventory by executing purchasing plans and staying in contact with vendors and shippers. They make sure to manage the pricing, inventory and quality of the products sold in a retail store. The managers also look after their department's floor staff if they are up to date on all new products and changes to the store's prices. They can expect an average salary of INR 4 LPA to 7 LPA.

  • Account Executive

One of the best career options after B.Com is becoming an Account Executive. Their work is to find new clients and sustain ongoing business relationships with existing ones. The executives will have to meet the demands of the clients, negotiate contracts, work with or manage a team to entice prospective clients and meet company quotas. The average salary that an Account Executive can earn in cities like Bangalore, Mumbai or Gurgaon is around INR 5.5 lakhs per annum.

  • Business Accountants

As Business Accountants, professionals have to manage all transactions of an accounting firm, prepare budget forecasts, organise tax returns, and manage balance sheets and profit and loss statements. These accountants can also work with top accounting firms in India. They have to analyse the business finances so that the owner of an organization can make better decisions. The average salary that a fresher Business Accountant can earn is around INR 8 lakhs per annum. 

  • Human Resource Manager

A Human Resource Manager is a professional who manages the hiring and training of employees in an organisation. They are responsible for also handling employee benefits and employment contracts for their company. HRs need to manage compensation, benefits, recognition, training, performance management and employee relations in a manner that retains employees long-term and builds the employer brand. The starting salary of an HR will be around INR 5 LPA to 7 LPA. 

  • Investment Banker

The job of an Investment Banker is considered one of the best career options after B.Com as professionals deal with developing financial models, performing financial analysis and advising clients on different investment options. The freshers will get a starting salary of INR 6 LPA to INR 7 LPA. 

  • Teacher or Professor

Candidates can become a teacher or a professor after completing their B.Com degree. To become a teacher, candidates must pursue a B.Ed course (Bachelor of Education). A candidate who is wondering how to become a professor needs to first complete his/ her M.Com course, pass the UGC-NET exam and study for the PhD course

Best Career Options After B.Com: 13 Best Courses After B.Com

Numerous courses are offered to students after they have completed their B.Com degree. Commerce students who are wondering what will be the best career options after B.Com can take up one of these courses that will help them get a job once they graduate.

Candidates looking for the best career options after B.Com need to check out the complete list of courses available after completing a BCom or BCom (Hons.) degree. We have provided here the list of the 13 best courses that can be done after BCom:

After BCom Course Options

About

Eligibility

Duration

Top Recruiters

Average Salary

Master of Business Administration (MBA)

In the MBA course, you learn to manage all the aspects of a business based on the specialisation you choose.

Graduation with a valid score in CATXATMATCMAT or any other relevant test score.

2 Years

Amazon, JP Morgan, Microsoft, Accenture, Bank of America

INR 6 LPA to INR 15 LPA

Masters of Commerce (M.Com)

The BCom graduates who want to start their career as Market Researchers/ Economists/ Lecturers/ Analysts take up M.Com.

BCom degree is a must

2 years

TCS, Infosys BOP, Genpact, EY

INR 3 LPA to INR 6 LPA

Chartered Accountancy (CA)

The best career options after B.Com is CA. Interested candidates can choose to do CA right after completing 10+2. CA has three stages, namely CPT, IPCC, and CA Finals. Clearing all three stages along with an internship of 2.5 years makes you a certified Chartered Accountant.

Graduation + 2.5 years of professional experience

3 years

HDFC, PWC, KPMG, Deloitte, EY, Tata, Accenture

INR 8 LPA to INR 22 LPA

Company Secretary (CS)

The CS course involves the study of law in the corporate field. It is a three-year-long course which involves three stages- Foundation, Executive, and Professional

Graduation or Class 12th degree

3 years

PWC, KPMG, Deloitte, EY, TCS

INR 4.5 LPA to INR 10 LPA

Chartered Financial Analyst (CFA)

The CFA course comprises three levels and is offered by CFA Institute in America. It is considered the highest standard and one can become a financial analyst, a statistician, or a market research analyst after doing this course. 

Graduation/ Final Year of Graduation

2.5 Years

JP Morgan Chase, UBS, Citigroup, Bank of America

INR 10 LPA to INR 25 LPA

Business Accounting and Taxation (BAT)

Among the best career options after B.Com, Business Accounting and Taxation (BAT) is trending. The course is prepared in a way so that candidates get a practical understanding of accounting, taxation, reporting, and other skills that are mandated for accounting firms (Big 4s), KPO, and other finance and accounting sector jobs.

BCom degree and above

8 weeks to 12 weeks

Big 4s, Adobe, Datamatics

INR 5 LPA to INR 11 LPA

Certified Management Accountant (CMA)

CMA is an international certification course. To become a CMA, a student has to clear two examinations. CMA prepares individuals in the field of financial planning, analysis, decision support, control, and professional planning

Graduation + 2 years of work experience

6 Months

Deloitte, Genpact, Cognizant, KPMG International

INR 8 LPA to INR 14 LPA

Actuarial Science

The Actuarial science course deals with the study that applies mathematical and statistical tools to evaluate and control risk in finance, insurance, investing, etc. Some of the best career options after B.Com can be achieved after completing this course. 

BCom/ BCom (Hons.) Degree

6 months for certificate course 2 years masters degree

HSBC, Deloitte, KPMG, Citi Group

INR 10 LPA to INR 20 LPA

Bachelor of Education (B.Ed)

A B.Ed course is quite trending these days. BCom graduates can become teachers after completing a B.Ed. 

Graduation Degree

2 years

Private Schools, Central Govt. Schools, Public Schools

INR 3 LPA to INR 10 LPA

Certificate in Investment Banking (CIB)

The CIB certificate course evaluates all banking, finance, and other monetary sectors of banking and investment professionals. After completing the CIB course, a candidate can pursue a career in investment banking, private wealth management, equity research, private equity, asset management, corporate finance, strategy, and government departments.

BCom degree is required

6 months - 1 year

Goldman Sachs,  Citigroup, JP Morgan, HSBC, Barclays

INR 4.36 LPA to INR 11.62 LPA

Certified Public Accounting (CPA)

It is one of the most suitable courses after B.Com and is provided by the AICPA - American Institute of Certified Public Accountants.

BCom degree is a minimum requirement. Deep knowledge of GAAP - Generally Accepted Accounting Principles, a solid understanding of Accounting.

18 months

Corporate houses, private organizations, industry, government, non-profit organizations.

INR 6.9 LPA

Certified Financial Planner (CFP)

To pursue the CFP course, individuals have to meet the Financial Planning Standards Board (FPSB) requirements. The CFP credential is worldwide acknowledged as the gold standard in financial planning education, training, and practice ethics.

BCom degree is the most nominal requirement.

6 months

Motilal Oswal, Tata Consultancy Services, LIC, Axis Securities Limited, Deloitte etc

INR 3.5 LPA to INR 3.9 LPA

Association of Chartered Certified Accountants (ACCA)

The ACCA certification course is one of the finest accountancy certifications for individuals aspiring to become financial professionals. The ACCA stands for the Association of Chartered Certified Accountants.

BCom with at least three years of experience

3 years on average

EY, PwC, Deloitte, KPMG, HSBC, Pepsico, Accenture etc

INR 4 LPA to INR 15 LPA

Also Read:BBA Vs BCom - Which is a Better Option After Class 12?

Best Career Options After B.Com: Other Options 

The best career options after B.Com have already been discussed above. There are various exams such as UPSC, SSC or banking exams that BCom graduates can appear for to get a suitable job. 

Courses After BCom

About

Eligibility

Top Recruiters

Average Salary

Bank Manager

Bank Managers are responsible for various tasks of credit unions, bank branches or similar financial institutions. They are responsible for managing operational functions and finding solutions to operational issues. 

Minimum graduation and qualifying SBI PO or IBPS PO entrance exams

SBI, RBI, Union Bank, Indian Overseas Bank, Corporation Bank, etc

INR 7 LPA to INR 8 LPA minimum

Business Analysis

If you are looking forward to gaining some professional skills after B.Com courses, then one of the popular course options is to apply for a Business Analysis programme.

BCom/ BCom (Hons) students are given preference

EY, KPMG, Deloitte, PWC

INR 3.5 LPA to INR 5.5 LPA

Digital Marketing

If you are thinking about how to become a Digital Marketer, then you need to get a graduation degree first. MNCs are always on the lookout for candidates with a background in commerce and certification in Digital Marketing due to the rise in Digital Marketing Platforms.

Graduation degree

Deloitte, Accenture, Oracle, Gartner

INR 4.5 LPA to INR10 LPA

UPSC or SSC

With a BCom degree in hand, you can become an IAS Officer/ IPS Officer or an IFS Officer by appearing for exams like UPSC Civil Services ExamUPSC CDS ExamSSC CGL Exam which are considered the best career options after B.Com.

Graduation Degree

UPSC, SSC

INR 4.5 LPA - INR 13 LPA

Best Career Options After B.Com: Salary 

You have understood the best career options after B.Com by now, but knowing the salary structure of those jobs is also important. Once you are aware of the average salary structure, you can understand your scope after BCom. The average salary of those who have completed their BCom are provided below: 

Jobs After BCom

Average Salary

Financial Risk Manager

INR 10 LPA to INR 18 LPA

Business Analyst

INR 3.5 LPA to INR 5.5 LPA

Digital Marketer

INR 4.5 LPA to INR 10 LPA

Public Sector Banker

INR 5 LPA to INR 12 LPA

Accountant

INR 3.5 LPA to INR 18 LPA

Best Career Options After B.Com: Recruiters

The commerce students who are looking for the best career options after B.Com need to have an idea of the recruiters that hire them. We have provided here the names of the top recruiters:

Jobs After BCom

Top Recruiters

Financial Risk Manager

Deutsche Bank, Deloitte, RBS, HSBC, Citigroup

Business Analyst

EY, KPMG, Deloitte, PWC

Digital Marketer

Deloitte, Accenture, Oracle, Gartner

Public Sector Banker

SBI, IBPS, PNB, RBI

Accountant

Banks, Corporate Sector Companies, etc

Top B.Com Colleges in India

Those looking for the best career options after B.Com need to complete their course from a renowned college. Some of the top colleges that offer BCom along with their fees and other information are listed below:

College Name

Type

Annual Fee (Approximate)

Maharishi University of Information Technology

Private

Rs. 31,500

Invertis University

Private

Rs. 35,000

Mangalmay Group of Institution

Private

Rs. 50,000

Lal Bahadur Shastri Group of Institutions

Private

Rs. 26,000 to Rs. 58,000

Greater Noida Institute of Technology

Private

Rs. 55,000

IIMT University

Private

Rs. 50,000

Amity University, Lucknow

Private

Rs. 1,22,000

Aligarh Muslim University

Public

Rs. 5,000

Galgotias University

Private

Rs. 95,000

Noida International University

Private

Rs. 59,000

Also Read:BCom in Government Colleges vs Private Colleges

Best Career Options After B.Com: Competitive Exams 

You have understood the best career options after B.Com, you can now find out the different competitive exams that B.Com graduates can appear for. The syllabus of the exams is based on the Class 10 and 12 syllabus. Some of the most popular competitive exams that BCom graduates can appear for are listed below:

  • RBI Grade B Officer: Candidates often choose to appear for the RBI Grade B Officer post exam. The basic salary received by an RBI Grade B officer is INR 35,150 per month and the average salary can be over INR 68,000 per month. 

  • SBI PO: Another popular exam that candidates choose to appear for is the SBI PO examination. The SBI PO exam is conducted in three stages, Preliminary, Mains and the GD or PI. The basic salary of an SBI PO is INR 27,620 per month. 

  • LIC AAO: The LIC AAO examination is conducted by the Life Insurance Corporation of India for the recruitment of Assistant Administrative Officers (AAO). 

  • SSC CGL: The SSC CGL (Combined Graduate Level) exam is conducted by the Staff Selection Commission. B.Com graduates can also apply for an Assistant Audit Officer, Statistical Investigator Grade-II, or Compiler (having studied Economics/ Mathematics/ Statistics in graduation).

  • RRB NTPC: The exam is conducted to select candidates for various posts such as Junior Clerk cum Typist, Junior Account Assistant cum Typist, Senior Clerk cum Typist, Senior Time Keeper, Commercial Apprentice, and Station Master in various Zonal Railways.

  • UPSC CSE: UPSC CSE (Civil Sevices Examination) is a national-level competitive examination that is conducted by the UPSC for the recruitment of IAS (Indian Administrative Service), IFS (Indian Foreign Service), and IPS (Indian Police Service) officers. 

  • SBI Clerk: The posts offered by the State Bank of India are quite popular among B.Com graduates. One of which is the post of the SBI Clerk (Junior Associate). The exam is conducted in four stages: Prelim, Mains, Group Discussion, and Personal Interview. 

  • IBPS Clerk: Another top choice among B.Com graduates is the post of IBPS Clerk. The exam is conducted across the nation to recruit candidates for clerical positions at IBPS. The exam is conducted in two stages: the Preliminary exam and the Main Exam. The basic salary of an IBPS clerk varies from INR 11,765 per month to INR 31,540 per month. 

  • IBPS PO: The IBPS conducts a national-level examination for POs. The basic pay of an IBPS PO is INR 23,700 per month and gross pay is INR 36,570 per month. 

To know more about the best career options after B.Com, candidates can fill out our Common Application Form, our experts will guide you and clear all your doubts.

Stay tuned to CollegeDekho for more updates and current information.

FAQs

What are the jobs after B.Com and salary?

Jobs after B.Com include Banking jobs, Accounting jobs, Digital Marketing jobs, Financial Risk Management jobs, Chartered Accountancy, etc. Salary can range from 3.5 LPA to 5 LPA on average.

 

What are the significant courses after BCom?

Some of the best courses that will help you get one of the best career options after B.Com are Master of Business Administration (MBA), Masters of Commerce (M.Com), Chartered Accountant (CA), Company Secretary (CS), Chartered Financial Analyst (CFA), Business Accounting and Taxation (BAT), Certified Management Accountant (CMA), Actuarial Science, Bachelor of Education (B.Ed), Certificate in Investment Banking (CIB), Certified Public Accounting (CPA), Certified Financial Planner (CFP), etc.

Which are the best B.Com colleges in India?

The best B.Com colleges in India are Maharishi University of Information Technology, Invertis University, Mangalmay Group of Institutions, Lal Bahadur Shastri Group of Institutions, Greater Noida Institute of Technology, IIMT University, Amity University, Lucknow, Aligarh Muslim University, Galgotias University, Noida International University, etc. A good college provides quality education that helps students get the best knowledge.

Which competitive exams can B.Com graduates appear for?

Competitive exams are among the top choice among B.Com graduates as they provide secure jobs. Different competitive exams that B.Com graduates can appear for are RBI Grade B Officer, SSC CGL exam, SBI PO, LIC AAO, IBPS PO, IBPS Clerk, UPSC CSE, RRB NTPC, and SBI Clerk. More candidates are appearing for jobs in government organizations and nationalized banks through competitive exams. 

 

Which career option is best after BCom?

There are various options after B.Com, but if you are looking for the best career options after B.Com, then they are Chartered Accountancy (CA), Company Secretary (CS), Master of Commerce (M.Com), Chartered Financial Analyst (CFA), Business Accounting and Taxation (BAT), Certified Management Accountant (CMA), Certified Public Accounting (CPA), etc. 

 

 

Which BCom course is best?

The best BCom courses that candidates should aspire to study to get a better scope after BCom are BCom Banking and Insurance, BCom Banking Management, BCom Professional Accounting, BCom Taxation and Finance, BCom Accountancy and BCom Tourism and Travel Management. 

 

What should I do after doing BCom?

After completing your degree in BCom, you can pursue a Master of Business Administration (MBA), Chartered Accountancy (CA), Company Secretary (CS), Master of Commerce (M.Com), Chartered Financial Analyst (CFA), Business Accounting and Taxation (BAT), Certified Management Accountant (CMA), Post Graduation in Commerce (M.Com), etc. 

 

Which are the best career options after B.Com?

The best career options after B.Com are Accountant, Account Executive, Tax Consultant, Accounts Manager, Finance Manager, Financial Analyst, Chartered Financial Analyst, Certified Management Accountant, etc. 

What is the scope after BCom in future?

The scope after BCom in future is vast only if you do short-term courses or opt for higher degrees. The best job opportunities after BCom are Cost Accountant, Tax Consultant, Company Secretary, Sales Analyst, Investment Banker, Financial Analyst, Stock Broker, and Chartered Accountant.

 

What is the use of a BCom degree?

After completing your BCom degree, you will notice it is the gateway to job opportunities in several fields related to Commerce such as Accounting, Finance, Economics, Taxation, Insurance, etc. One can become an Accountant, Financial Analyst, Auditor, etc.

 

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