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Salary of B.Com Graduates
Commerce is one of the most preferred streams for students in the country. This is because it offers versatile career opportunities and a host of bachelor's degrees to choose from. One of the top bachelor's degrees that students choose after completing class 12th with Commerce stream is B.Com. There are many bright career prospects after your B.Com degree.
If you are planning to do a B.Com degree and are confused about the B.Com salary, then you have come to the right place. The B.Com salary in India depends on the specialisation that you choose. This article will elaborate on all that you need to know about a B.Com degree and the salary after B.Com.
What is a B.Com Degree?
B.Com degree is a three-year undergraduate degree recognised by the University Grants Commission (UGC). There are several types of B.Com programmes — full-time programmes, online education and distance learning.
B.Com is one of the top courses students choose after completing their 12th standard from the Commerce stream.
Top Industries With B.Com Jobs
B.Com graduates can find job opportunities in various industries. There are many jobs available in both private and government sectors with people who have a B.Com degree. Here are some of the top industries where you can find employment after completing your B.Com.
- Accounting and Auditing
- Commercial Banking
- Tax Advisory Service
- Manufacturing Service
- International Banking
- Telecommunication Services and BPOs
- Information Technology
- Insurance Service
- Educational Institute
- Government Service
- Financial Service
- Policy Planning
- Automobiles Services
Top Job Profiles Post-Course Completion
You can choose several careers after B.Com, and here is a list of industries that employ B.Com students.
- Chartered Financial Analyst (CFA)
- Investment Banker
- Certified Public Accountant (CPA)
- Chief Executive Officer (CEO)
- Company Secretary
- Marketing Manager
- Chartered Accountant (CA)
- Retail Manager
- Research Analyst
- Cost Accountant
- Business Accountant and Taxation
- Personal Financial Advisor
- Human Resource Manager
B.Com Graduate Salary As Per Specialisations
You will be surprised to know that your salary can also differ as per your chosen specialisation. Below are some of the B.Com job salaries in India based on specialisations.
- B.Com (Finance and Accounting)
Finance and accounting are one of the most common specialisations that students opt for. The average salary for a B.Com graduate in India with this specialisation is ₹4.9 lakhs per annum. Depending on the years of experience, the salary can go as high as ₹20 lakhs per annum. With this specialisation, you can get accountancy-related roles in various top companies. Some of the top firms include Accenture, Deloitte, etc.
- B.Com (Marketing Management)
Marketing is one of the most popular fields today. There are many great roles available after you complete your degree. Some of the roles include Business Development Manager, Marketing Associate, etc. The average salary for a graduate is ₹3.9 lakhs per annum. But, with experience, the salary also increases and you can earn handsomely after gaining some skills.
- B.Com (Law)
The demand for this course has also increased in recent times. This course allows you to combine two different areas of study and enables you to pursue some of the unique career prospects in different firms. The average salary after the degree is ₹4.39 lakhs. But, if you gain experience in the field, the salary can go as high as ₹30 lakhs per annum. Thus, with hard work and persistence, you will be able to get some of the high-paying opportunities in the field.
- B.Com (Corporate Law)
Another one of the most popular B.Com degree specialisations is this one. Corporate law is also a branch of law that focuses on the study of companies and laws and regulations applicable to the companies. The average B.Com course salary is ₹5.4 lakhs per annum. The specialisation allows you to gain meaningful employment at some of the top legal and financial sector firms. The salary increases with your experience and the skills that you gain.
- B.Com (General Business)
If you want to know the details of business management, then this is the right specialisation for you. The average B.Com course salary is ₹5 lakhs per annum. With experience, the salary also increases. Some of the common job profiles after this course are Research Analyst, Associate Auditor, Marketing Consultant, etc.
Courses to Pursue After B.Com
After the completion of your B.Com degree, you can either choose to work or you can also study ahead to gain knowledge and get a better-paying job. Although the job after B.Com offers great starting salaries, you can still choose to take up Masters courses so that you can get better job opportunities.
Here are some of the top courses that you can pursue after completing your B.Com degree:
Master of Commerce might be the right course for you if you plan to get into the academic aspects of the business sector.
MBA is one of the top courses that students choose. If you are interested in business administration and get a handsome salary, then a Master's in Business Administration might be the right course.
- Company Secretary (CS)
If you are interested in the company's investment and stock management, this is the right course. The CS oversees the stock trading of the organisation. Thus, if you are passionate about passing the exam and working in this field, you can choose this course.
- Certified Financial Analyst (CFA)
This is the right course for you if you are interested in the financial system and investments. In this course, you will learn about the fundamental principles of accounting, economic principles, as well as environment-related factors.
B.Com salary in India depends on various factors like college, knowledge, experience, and skills. The average salaries are listed above, but the salaries will differ depending on the listed factors. If you wish to get a great job after a B.Com degree, you must polish your skills and stay in touch with your subjects. Also, check the right courses that you can pursue to upskill and get the job of your dreams.
If you are looking for some guidance regarding the right college for your B.Com degree, here is a simple way — choose a college that is powered by Sunstone. 50+ colleges in India offer Sunstone’s benefits like 100% placement support, upskilling opportunities, advanced certifications, and internships.
Frequently Asked Questions
How much salary will you get after B.Com?
The B.Com salaries in India depend on your specialisations, skills, and knowledge. It also depends on the firm and the college where you have completed the degree. The average salary in India after B.Com is approximately ₹5 lakhs per annum.
How to calculate salary in B.Com?
The salary in B.Com can be calculated after taking in factors like experience, specialisation, and skills. You will be paid better if you have more experience, better skills, and good knowledge. Thus, take all the factors and calculate the salary that you will get post your degree.
How to get a good salary after B.Com?
You will be paid handsomely if you have good marks in your college and your skills match the recruiter's requirements. Moreover, you can also complete various courses to upskill yourself. Also, you can pursue a Master's degree, CFA, or CS to get a better-paying job after completing your B.Com degree.