Guide to Carving Lucrative Careers After B.Com

What has to be done after B.Com? Is it an M.Com? or an MBA, hop onto a corporate job, or something else?

These questions trouble many students who face difficulty in choosing the right career path after doing a B.Com degree. Many of them end up choosing the wrong path, which they regret later, either because it’s not high-paying or creative enough. So, it is advisable to know everything appropriately before making your career decision. In this article, we will learn about what is B.Com and what are the different options available after B.Com?

What is B.Com?

B.Com is basically a bachelor's degree in commerce, which is an undergraduate degree that usually runs for three years. The course program helps impart business and management education to students. The course offers foundational knowledge in business studies. The subjects taught in the course include accounting, economics, taxation, costing, and other business-related subjects.

The main aim of the course is to impart business knowledge to students and improve their business skills. The study also proves influential for multiple postgraduate programs in varied domains. The course duration varies based on the country. In India, it is a three-year undergraduate course in commerce.

Career Options Available After B.Com

A B.Com degree helps in improving a student's business skills and offers many lucrative opportunities after completion of the degree. The opportunities are so indeed a lot. It can be safely said that a B.Com degree is a gateway to many high-paying careers.

However, you must have an overall knowledge of it before making any decision. It will help you choose the right career after your B.Com If you are reading this article, you will get a complete guide to different lucrative career opportunities. Here, we have gathered important courses and roles that you can pursue to get lucrative careers after pursuing a B.Com

Master in Business Administration

MBA is one of the most popular courses after B.Com Many students pursue an MBA to get high-paying, lucrative careers. The MBA course operates for two years. The program teaches about business administration, different business skills, and management. The course is suitable for commerce students as they get their basics done during their undergraduate years and remain familiar with the subjects of the course as compared to others. This course best suits students who are looking for stable corporate jobs in well-known organizations.

Chartered accountant

It is one of the most sought-after courses and is considered to be the most challenging as well. A chartered accountant looks after a company's accounts. If you wish to pursue CA as your career, you will need to crack one of the toughest exams in India. Though the course duration is three years, it might take longer since the exams are highly competitive. The preparation covers business subjects like accounting, budgeting, auditing, taxation, etc. Being a chartered accountant is a very respectable, lavish-paying profession, not only in India but across the globe.

M.Com

A Master's degree in Commerce is a good option for those who wish to do higher education in the same field. It also opens many opportunities for employment and business. You can take up one of the most high-paying roles like an accountant, finance manager, etc. The course duration is two years, and the subjects taught in the course are banking, finance, taxation, management, etc. The subjects are quite similar to what you would have learned at the undergraduate level, with just a slight increase in the level of difficulty.

Banking jobs

The banking sector needs skilled graduates of commerce who can fulfill different banking roles in departments like loans, sales, etc. Banks offer lucrative salaries for commerce graduates who perform these challenging roles. Banking jobs are best known for their incentive structures. Huge incentives are granted per sales to many banking job roles since it involves negotiation and sales skills. Many students opt to appear for banking exams as the banking sector offers very stable and high-paying careers.

Company Secretary

A company secretary is also a popular course for commerce graduates. The course duration is three years. The exam preparation course is very close to that of chartered accounting. However, it is less competitive as compared to CA, yet is one of the most challenging options to choose after B.Com A company secretary looks after filing a company's annual returns as well as maintaining the company's financial statements. A company secretary also ensures that the company is following corporate laws.

Business Analyst

If you are good at business analytics, planning, budgeting, and making reports, then you should consider business analyst roles after your B.Com It is a high-paying career, and you can do relevant certification courses to hone your business analyst skills. You can get started as a junior analyst and then go on to pursue managerial roles, in the later stages of your career. Most reputed and growing companies constantly look for commerce graduates for business analyst roles, making it one of the most high-in-demand careers after B.Com

Chartered Financial Analyst

Chartered Financial Analyst is a globally recognized course offered by CFA. The course duration is two and a half years. Many commerce graduates start their successful careers right after the course with a lucrative salary. The subjects of the course are economics, accounts, portfolio management, etc. You can become a CFA after qualifying for the three levels of exams. Top MNCs like JP Morgan hire CFA graduates on a regular basis.

Business Accounting and Taxation

The business accounting and taxation course is a certification course for developing a good understanding of accounting and taxation. Many job opportunities are available after pursuing the course. It is a very good career option for commerce graduates who want to make their career in accounting roles. Many private organizations hire candidates with promising salaries.

Digital Marketing

As businesses have gone online in the digital age, marketing has become digital too. Digital marketing is a career for those who are on a creative edge. It is for students who love to manage newer challenges every day. If you are someone who loves handling, managing, and experimenting with websites, ads, graphics, and social media, then a career in digital marketing might suit you the best! It is a trending career choice and is pursued by students irrespective of their degrees. As a digital marketer, you can help boost the revenues of other businesses by using digital marketing techniques effectively. You can take up freelancing, or even start a job or a business, all of them being highly lucrative choices.

Conclusion

Completion of B.Com opens wide gateways to various career choices. It is important to note that, the right choice after graduation can lead to a successful life. And so, making career choices after B.Com has to be based on personal choices, passions, and skill sets.