Students who have opted for higher studies in commerce are often left perplexed about what to do after their first undergraduate degree. The most common undergraduate degree for commerce students has been B.com. This blog aims to help you choose the right career for you after completing a B.com degree. But before we get into that, let us understand first what a B.com degree entails.
What is B.com?
B.com stands for Bachelor of Commerce. It is one of the most common degrees available for students who have opted for the commerce stream in their high school. The bachelor of commerce program gets students started with the fundamentals of running a business, delving into subjects like accounting, finance, economics, management and much more. A B.com course usually lasts for 3 years, divided into 2 semesters for each year for a total of 6 semesters.
Eligibility
The eligibility criteria for B.com programs is pretty straightforward in the best commerce colleges in Jaipur. Candidates must have passed (45% or above) their 10+2 in any stream. There is also a 5% relaxation for candidates from reserved backgrounds and other special cases. There is no age limit bar for admission to a Bcom course too. Most colleges take direct admission to their Bcom programs though some might have their own admission tests. Mathematics and English are the two subjects that are mandatory for admission into a Bcom program.
Scope
Since B.com is just an undergraduate degree that deals with the basics of business and management, it is not enough to find high-paying jobs just after graduation. The average salary of a Bcom graduate is around INR 10,000 to INR 15,000 per month. That is why Bcom is just seen as a foundational course. One thing a Bcom degree does very well is open up your avenues for several higher study options which lead to extremely successful and rewarding careers.
Career Options After Bcom
There are many career options with high packages that one can go for after Bcom, but all of them are only available after a postgraduate degree or certification. Some of the sectors that a Bcom graduate can work in completing some of these professional courses are:-
- Business Accounting and Taxation
- Investment Banking
- Financial Accounting
- Chartered Accounting
- Company Secretary
- Teaching
- Management
- Financial Risk Management
- Banking
Let us now look at some of the top opportunities for your career after BCom.
Chartered Accountant (CA)
Chartered Accountancy is one of the most respectable courses you can take after a Bcom course. This certification is offered by the Institute of Chartered Accountants of India (ICAI). There are 3 stages of exams that you need to clear to get into the CA course – CPT, IPCC, and CA Finals. This is one of the toughest courses in the country, spanning over 4 years but it is equally rewarding. CAs are one of the highest-paid professionals in the domain of commerce.
ACCA
There is also another course you can take if you want to be a certified chartered accountant outside of India too. For that, you need to get the ACCA (Association of Chartered Certified Accountants) certification. ACCA is a global professional accounting body based in the UK whose certification is valid in more than 180 countries.
Salary and Top Recruiters
Below are the average annual expected salaries and top recruiting companies for chartered accountants with either degree.
| Certification | Top Recruiters | Average Annual Salary (INR) |
| CA | TCS, KPMG LLP, Accenture, Cisco, EY, Finserve | 6 – 7 lakhs |
| ACCA | EY, Amazon, Deloitte, PwC, Barclays, Wipro | 8.5 – 10 lakhs |
Chartered Financial Analyst (CFA)
A chartered financial analyst course goes in-depth in the study of subjects like investment, equity, risk management, etc. Chartered financial analysts are responsible for making sound decisions regarding the financial or accounting decisions of an organization. They usually work with analyzing data, making budgets, and evaluating the financial performance and health of the companies they are employed by.
While most people pursue this course after graduation, you can even apply for this if you are in your final year of a BCom course from any of the top BCom colleges in Jaipur. The CFA certification is provided by the CFA Institute, USA in 3 levels. The salary of a CFA-accredited professional depends on their level.
Salary and Top Recruiters
Some of the top recruiters of CFAs are JP Morgan Chase, UBS, Citigroup, HSBC, Bank of America, etc.
Since the salaries of chartered financial analysts depend on the level they have cleared, it varies a lot. A level – 1 CFA might have an average annual salary of about 3.5 lakhs while a level – 3 CFA might have salaries even higher than 25 lakhs per annum.
Company Secretary (CS)
The company secretary certification is offered by the Institute of Company Secretaries of India (ICSI). This course deals with the financial as well as legal aspects of running a business. With a duration of 3 years, the CS course prepares you to play the role of a middle-man between a company, its stakeholders, and the government.
Salary and Top Recruiters
The salary of a company secretary ranges anywhere from 4.5 lakhs per annum to 10 lakhs per annum. This increases as more and more experience are acquired by the company secretary.
The top recruiters for company secretaries include multinational companies like PwC, Deloitte, Ernst & Young, Tata Consultancy Services, etc.
Why Study Bcom from Arya College?
Arya Group of Colleges is one of the best destinations for studying Bcom in the state of Rajasthan. We teach students long-term strategy policies like Kaizen with live demos of business scenarios to make them serious professionals in the industry. Arya College also offers MBA courses in-house with four specializations to choose from. In case your child wants to study further to get into top management with attractive salaries we have got them covered with our global-level MBA programs. So what are you waiting for? Sign up for the world-class commerce courses at Arya College today.
FAQs
- Will doing an MBA help me in my career after BCom?
Yes. MBA or Master of Business Administration is one of the most popular Post Graduation Courses for a reason. It can get you salaries north of 3LPA and management posts in multinationals depending on your specialization.
- Am I eligible for government jobs after BCom?
Yes. You can apply for Bank PO, SSC, RBI Grade B, RRB NTPC, and many more government entrance exams after completing your BCom. Clearing any of these can get you government jobs.
- Is IT the best MBA specialization I can go for?
No. There are many MBA specializations like Finance, Human Resources, Foreign Trade, etc., which are just as good as an MBA in IT. MBA in Information Technology is just more popular these days as people are recognizing the importance of IT in the corporate world. None of the specializations is better than the other. Your salary depends upon your skills and experience.
- Can I do a Bcom in 2 years?
Yes. While it is possible to do a 2-year Bcom course from colleges that offer the course online, we do not recommend it. This is because full-time Bcom courses like the one offered by Arya College are more recognized and will land you higher packages than a distance or online Bcom course.
