Career After BCom : Jobs, Salary & courses

B.Com or Bachelor of Commerce is a three-year-long undergraduate course spread over six semesters that leads to a graduate degree. During the six semesters, the course teaches students topics such as financial accounting, corporate taxation, economics, company law, auditing, and business management. During the three-year programme, students may have the option of selecting a few elective subjects. 

In addition to B.Com, candidates can pursue B.Com (Honours) if they want to gain in-depth knowledge in the commerce field. The honours course intends to provide expertise in specialised subjects, whereas the general B.Com course focuses on a general introduction to all topics within the commerce stream.

Career After B.Com

Many students nowadays choose to study B.Com due to the numerous available career options. One can begin working as a junior accountant, finance executive, or sales executive or pursue a related job after B.Com. 

Alternatively, students can enrol in professional courses such as MBA, Chartered Accounting, CFA, and others to pursue a  career after a B.Com degree. B.Com helps lay a solid foundation in core commerce subjects such as accounting, costing, law, and taxation.

Courses After B.Com

The course focuses on providing students with specialised skill sets in finance, accounting, and taxation, in preparation for careers in financial services. While the knowledge base is diverse enough for the B.Com graduates are expected to excel in any field of enterprise of their choice. 

The primary goal of these graduates is to serve as top-tier executives in the financial services industry in various areas of operations.

Postgraduate Courses After B.Com

Master in Business Administration (MBA)

An MBA after B.Com is a popular choice among commerce graduates. Every year, nearly 400,000 candidates apply for MBA entrance exams, with 4,000 to 5,000 candidates admitted to the top 30 colleges.

• Duration: Two years
• Tuition fee: The cost of an MBA degree varies for different institutions. However, the average cost of studying MBA in renowned institutions ranges from ₹15 lakhs to ₹25 lakhs. 
• Job profiles: This is dependent on your expertise in finance, marketing, human resources, or operations. 
• Admission: CAT, GMAT, XAT, SNAP, MICAT, and IIFT are the most important entrance exams for acceptance to top colleges.
• Average Salary: According to Payscale, the average annual starting compensation after an MBA in India is ₹6,99,000.
• Best MBA colleges: The top MBA universities offering professional courses after B.Com include the top seven IIMs, XLRI, SPJIMR, MDI Gurgaon, SIBM Pune, and the Indian School of Business (ISB)

Master of Commerce (MCom)

• Duration: Two years
• Job profiles: The private job opportunities are nearly identical to those of a B.com graduate. These opportunities include Auditor, Taxation consultant, Accountant, Banker, etc. 
• Admission: Entrance exams determine acceptance to MCom programmes at top universities. A bachelor's degree in B.Com or B.Com (Hons) is also required, with a minimum of 50% or 45%, depending on the university.
• Average Salary: The median compensation of an MCom graduate ranges from ₹3 lakhs to ₹6 lakhs. 
• Best MCom colleges: Delhi School of Economics, Shri Ram College of Commerce, NMIMS, and Hindu College are among the best colleges.

Professional Courses After B.Com

• Company Secretary (CS): If you wish to serve as the executive secretary to the MD (Managing Director) or CEO (Chief Executive Officer), this is the ideal course for you. It has enormous potential and job opportunities after B.Com. 
• Chartered Accountant (CA): The ICAI (Chartered Accountants of India) organises and teaches this course. The course has three levels: CPT, IPCC and Chartered Accountant Final. You are directly eligible for the IPCC level if you hold a B.Com degree. 
• ICWAI (Institute of Cost and Works Accountants of India): ICWAI is, in essence, a cost accounting course. After finishing this course, you become eligible to work as a chief accountant, financial controller, cost controller, etc. There are three levels for this course here: foundation, intermediate, and final.
• Certified Public Accountant (CPA): If you want to gain expertise in accounting and do so internationally, this is the ideal course for you. This one-year course is an internationally-acclaimed course that will open up various career options in commerce after B.Com or accounting and CFO positions.

Career Opportunities After B.Com

Fresher jobs after B.Com

The following list gives an idea of the jobs after B.Com and the salary for freshers who recently graduated:

• Junior Accountant: The average starting salary is ₹2 lakhs per annum
• Accountant: The starting salary is ₹2.48 lakhs per annum. 
• Taxation consultant: The average starting salary is ₹5 lakhs per annum. 
• Auditor: The starting salary is ₹4.6 lakhs per annum. 
• Stock Broker: The average starting salary is ₹3.93 lakhs per annum. 
• Business Executive: The average starting salary is ₹3.93 lakhs per annum. 
• Banker: The average salary begins from ₹2.50 lakhs per annum. 
• Manager of Export-Import: The average starting salary is ₹2.44 lakhs per annum.
• Insurance advisor: The average starting salary is ₹3 lakhs per annum. 

Professional Career Choices After B.Com

Job Profiles	Average Compensation per annum
Finance Manager	₹9 LPA
Business Consultant	₹9 LPA
Financial Analyst	₹5 LPA
Chartered Accountant (CA)	₹7 LPA
Company Secretary (CS)	₹6.25 LPA
Chartered Financial Analyst	₹6.90 LPA
Certified Management Accountant	₹14 LPA
Financial Risk Manager	₹9 LPA
Bank Manager	₹7.90 LPA

Scope after B.Com

The most common career paths after finishing a B.Com degree are banking, accounting, and finance. Besides the above career choices after B.Com, there are numerous other domains open to commerce graduates. 

Following completion of a B.Com degree with Sunstone’s benefits, you can pursue careers in the following domains:

• Banking
• Insurance
• Finance
• Taxation
• Accounting
• Wealth Management

Sunstone also offers in-demand advanced certifications to B.Com graduates in areas such as corporate finance, advanced financial accounting, operations management and many more. We provide assistance starting from your admission to dedicated placement support at over 50+ campuses across India. 

Contact us to find out more! 

FAQ - Career After BCom

• What can I do after B.Com? 

You can start working as a junior accountant, finance executive, or sales executive. Alternatively, you can enrol in professional courses, such as MBA, CA, CFA, etc. 

• How to choose a career after B.Com?

Students can pursue popular courses such as MBA, CA, CFA, and B.Ed. Accounting, Bank Manager, Bank Clerk, RBI Grade B Officer, IBPS Clerk, and other jobs are available after completing their B.Com.

• Which is the best career option after B.Com?

Business Analyst, Chartered Accountant, Financial Risk Manager, Company Secretary, Banking, and others are among the best career options after B.Com.