Job and Education after B. Com
A lot of people are confused about Job and Education opportunities after completing their B. Com. We will discuss the various choices that a B. Com degree holder can make.
MBA stands for Masters in Business Management. MBA includes a number of fields ranging from human resource management to finance. A B.Com degree holder is eligible for MBA in finance. In MBA finance the specialization includes finance, management, leadership, etc. A good career in MBA mostly depends upon the college/university like IIM etc as only a few out of thousands offer a good salary package. The first step for an MBA is to prepare for the CAT (Common Admission Test) exam. CAT rank scores decide your step in the top MBA institutes.
AVERAGE SALARY PACKAGE: 6 LACS TO 12 LACS
Commerce graduation is known to be a great graduation base when we talk about pursuing law. To pursue LLB in most of the top universities the passing criteria with minimum 50% in graduation degree and further you might have to clear some entrance exam for securing a seat in a good college/university. The legal decision for managing a business is taken by a corporate lawyer like the National Law School of India University, National Law School of India University, etc. There are many law schools in India that provide the best education.
AVERAGE SALARY PACKAGE: 12 LAC TO 18 LAC.
Business accounting and taxation.
For this career option, the basic need is to have some experience in the finance and accounting field. Without the finance experience, it’s a bit difficult to step in directly into business accounting and taxation. If B.Com freshers pursue the course which has been well researched and designed to give you a practical understanding of accounting, taxation, reporting, and compliance, these all are the skills that are mandatory for accounting firms, KPO, other hardcore finance, accounting profiles.
AVERAGE SALARY PACKAGE: 3 LACS TO 10 LACS.
This is the most suitable career option taken by most students. For this one should clear the CA exam which is conducted by the Institute of Chartered Accountants. There are four steps under chartered accountancy. The first course that generally comes to the mind of a commerce student as a career option is CA. CA includes three stages, namely CPT, IPCC, and CA Finals.
AVERAGE SALARY PACKAGE: 7.36 LACS TO 24.64 LACS.
Actuarial science is the study that applies mathematical and statistical tools to assess and control risk in insurance, finance, investing, etc. In India, people are less aware of this course. Only a few universities provide this type of course. After b.com one can pursue this at the master’s level. There is immense growth in this sector.
AVERAGE SALARY PACKAGE: 15 LACS TO 18 LACS
After B.Com one can pursue both public and private sector jobs. There is enough scope in the public sector after B.Com, one can appear for exams such as UPSC, IBPS, SBI PO, etc. A number of banking exams are held every year. Bachelors in commerce have a wide interest in the government sector as government job is considered to be a secure job.
The easiest option available after completion of B.Com is to step into banking but it’s hard to compete the government exam if you want to jump into government banks. Banking is the best career option for B.Com graduates. A student of B.Com, you can get placed as a sales executive for insurance, mortgages, and loans with any of the leading banks. Top recruiters – PNB, AXIS BANK, HDFC etc.
AVERAGE SALARY PACKAGE: 4.5 LACS TO 6 LACS.
After B.Com, graduates can pursue M.Com. M.Com is a postgraduate Masters’s Degree in commerce that includes a systematic study of Management, Marketing, Taxation, Statistics, Economics, Finance, Business, and Accounting. It’s only a two-year course, and it is a valuable course. In India, there are many institutes that provide this course and obviously offer a high package too.
After pursuing B.Com one can surely get enrolled as a company secretary. A company secretary is a senior position in a public sector organization or private sector company. One of the most important roles that Company secretaries play which includes dealing with governance structures within an organization’s regulatory environment, corporate conduct, mechanisms, board, shareholder and trusts meetings, compliance with legal, regulatory and listing requirements, etc.
AVERAGE SALARY PACKAGE: 6 LACS TO 8 LACS
FINANCIAL RISK MANAGER
Financial Risk Manager (FRM) is a generally recognized certification for finance and banking professionals set by the Global Association of Risk Professionals (GARP, USA). FRM will offer lucrative career options in risk management, trading, structuring, modeling, etc. Financial risk managers specialize in the fields of market risk, calculation, trading, sales, etc. This course is internationally acclaimed and has an examination to qualify. Top recruiters are ICBC, KPMG, CITI GROUP, etc.
AVERAGE SALARY PACKAGE: 10 LACS TO 18 LACS.
Digital marketing is interesting and the most trending or maybe never-ending career option mostly comes under IT companies. Digital marketing is needed in almost every sector and so there is a rapid demand for the course. From small to MNC companies such as Amazon, Dell, Accenture, etc demands select such candidates on a large scale. Qualification required is graduation and even the course is for a short duration.
AVERAGE SALARY PACKAGE: 4.5 LACS to 8 LACS.
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