Why you should go for a B.Com degree in 2022?

  • By Kirti Yadav
  • 14 April 2022
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The majority of B.Com students in their final year are plagued with the question of what to do after B.Com. This course is one of the most popular commerce programmes, with many students opting for it after finishing their 10+2. But the key issue here is what you can do when you finish your B.Com. There are primarily two options that students can pursue after completing B.Com: either take up a job or pursue higher education. Let's take a look in more detail.

Job Opportunities after B.Com

Some of you may choose to work immediately after completing your B.Com or B.Com (Hons.) degree in order to get professional experience, while others will apply for an MBA or another related degree in order to prevent an academic gap. The most crucial question is what you can do when you finish your B.Com. If you are in the last year of your B.Com degree or have already finished it, we have compiled a list of job opportunities after B.Com to assist you in making an educated decision and selecting the best career path for your aptitude and interests!

Jobs after B.com: Specialisation Wise

Each B.Com speciality comes with its own set of fees and job opportunities. Different methods of pursuing it are also accessible, and various means of education, such as distance education or online, are also available. Other courses are often incorporated inside B.Com to make it more worthwhile, such as LLB, B.Com with CA or ACCA, and the specialisations under Bachelor of Commerce. Integrated B.Com/MCom programmes are also offered at major institutions. In India, there are a number of prominent B.Com universities that offer a variety of B.Com specialisations. These specialities assist students in mastering their chosen field of study.

Accounts and Finance Economics
Investment Management Banking and Insurance
Financial Market Computer Applications
Statistics Information Technology
Tourism and Travel Management International Business
Banking and Finance Accountancy
Banking and Insurance Business Economics
E-Commerce Foreign Trade Management

Career Options after B.Com

You must first determine what professions and vocations are accessible to you before opting to pursue a B.Com. This will assist you in deciding which topics and specialisations to pursue, as well as drive you to succeed in your studies.

  • Accountants - You may become an accountant after specialising in accounting topics and landing a suitable job. Many businesses are always in need of qualified accountants, and they pay highly.

  • Banker - Many commerce students want to work in the financial industry. These are some of the most luxurious careers, with excellent compensation and perks. Banking positions can provide a high level of employment stability.

  • Office Administrators - The people in charge of administering an office are called office administrators. They are in charge of a variety of crucial jobs and obligations. They are also in charge of the petty cash and the inventory.

  • Marketing Executives - Marketing executives benefit from a B.Com graduate's understanding of goods, services, finance, accounting, and marketing. Additional benefits of marketing professions include sales commissions.

  • Insurance Brokers — Insurance is one of the country's quickest-growing businesses. Many grads find steady work in this field. Insurance brokers may make a lot of money in the form of incentives.

Skills required for B.Com Graduates

You won't be able to get reputable employment with only a bachelor's degree.

Some on-the-job skills are necessary for students to develop before entering the corporate sector. Any business company will find you more employable if you have the right work talents. Rather than a degree or certification, job skills may help students improve their professional careers more quickly. You should constantly be hands-on and demonstrate that you know what you're bringing to the table, whether it's non-technical abilities or technical skills for commerce students.

The following are some of the most important work skills for B.Com jobs:

  • Numeracy abilities

You must have great numeracy abilities in order to have a bright career in a commerce-related sector. You probably already know that when applying for employment in finance, data management, taxes, and banking, your ability with numbers is taken into account. You must be able to comprehend and manipulate numerical and graphical data, as well as make conclusions and explain your results.

  • Ability to communicate

As management professions pay well and have good development potential; most commerce students choose to work for one of these companies. Working as a multinational business executive now necessitates being a great communicator as well as a competent manager. As a result, excellent communication skills are considered "must-have" professional abilities for commerce majors. A commerce student must be able to handle everything from managing customers to managing an internal team to giving boardroom presentations.

  • Ability to solve problems

For all of their B.Com job openings, almost all firms want to recruit problem solvers. All commerce graduates are expected to be able to come up with realistic, cost-efficient, and effective solutions.

Remember that all goods and services available today are just answers to some or all of our day-to-day challenges. For example, why do we need vehicles when we can go about on bikes? The automotive designers examined the issue of long-distance travel and family travel. As a result, a device was developed that made long-distance and family travel easier, and we now know it as an automobile. Excellent problem-solving abilities demonstrate how effectively you execute in various case situations.

  • Ability to lead

The commerce graduating programmes are developed for people who have the capacity to lead and work as part of a team to achieve a common objective. Because the corporate world is all about team management and leadership, you must have outstanding team management and leadership abilities as a commerce graduate. Employers like to recruit team players who will grow into exceptional team leaders rather than lone wolves.

This is due to the fact that we are all cogs in the wheel rather than the wheel itself. The organisation can't function without you and a hundred more people like you. Many work skills need to be acquired in addition to the essentials of economics, business, finance, and management that you learned in college. Analytical thinking, MS Excel expertise, verbal and written communication ability, time management, and organisational abilities are just a few of the work talents you need to keep improving in order to advance up the corporate ladder.

Factors to consider before taking jobs after B.Com

  • A Targeted Job Search

Students should begin building a professional-looking resume with all of the crucial elements specified during their last years of study. In addition, they should work on their soft skills and interviewing abilities. Students should constantly seek assistance from their college career centres and explore options for participating in campus placements. Colleges often have business relationships. Students need not depend just on college placements; they should also look online for other career prospects.

Students should also use internet job search sites such as LinkedIn, Naukri, Indeed, Shine, and others to find work. Fill up all your educational information, then search for and apply for your favourite job titles. Work at a bank, an accounting company, or another institution to get expertise.

  • Consider participating in an internship programme.

An internship is a brief period of time during which the person works on a live project in the organisation with the possibility of the corporation offering prospective interns employment opportunities. Most of the interns are college students. Internships provide students with a valuable chance to learn about the real-world industrial experience. Such opportunities should be taken advantage of by every student.

  • Certifications may help you advance in your job.

Graduation is no longer sufficient; students must now excel in their knowledge via certification courses. Taking job-related courses can extend your horizons, allowing you to have a bright and successful career.

  • Boost your career prospects

Are you unsure what you can do following your degree? Following their B.Com completion, many individuals choose a master's degree programme. Pursuing any of these Master's degrees may be quite gratifying, yet the quality and reputation of these programmes vary greatly.

Salary offered to B.Com Graduates

You may be shocked to see how much your compensation varies depending on your expertise. We'll look at the typical salary for several B.Com specialities in this section:

  • Accounting and Finance B.Com

The average B.Com pay for Accounting and Finance speciality is INR 4.9 lakh per year. However, with experience and competence, the remuneration might reach INR 20 lakh per year. You may work as an accountant in a company if you have this speciality. Tata Consultancy Services (TCS), Accenture, and others are among the top employers for this position.

  • B.Com (Law)

Students are increasingly interested in combining a B.Com with a legal degree. It enables you to blend knowledge from two distinct fields and pursue unique organisational responsibilities.

With a B.Com and a Law degree, you can earn up to INR 4.39 lakh per year on average. Not only that, but newcomers to this industry may expect to earn roughly INR 2 lakh each year. Senior-level specialists in this industry with extensive experience and skill, on the other hand, earn around INR 30 lakh per year. This implies that you may quickly get a high-paying job with this expertise with the right amount of work and perseverance.

  • B.Com (Corporate Law)

Corporate law is a new and popular speciality among B.Com students. Corporate law is a field of law that deals with businesses and the rules and regulations that govern them. The average annual pay for a B.Com with a corporate law focus is INR 5.4 lakh.

This degree qualifies you for various legal and financial positions, such as project manager, finance manager, director of risk management, and so on. Your income might reach INR 30 lakh per year in this industry if you have the appropriate experience and skills.

  • B.Com (Economics)

Economics is a common speciality option among B.Com students. Economics is a wonderful match for the B.Com curriculum since it covers a wide range of financial subjects. The average annual income of B.Com graduates concentrating in Economics is INR 6.3 lakh.

This figure ranges from INR 1.8 lakh per year for freshers to INR 20 lakh per year for seasoned professionals. IBM India, Ernst & Young (EY), Accenture, HCL Technologies, and other prominent employers for these individuals.

Top Recruiters for B.Com

The following is a list of some of the top recruiters who offer high-paying employment to these degree holders.

Accenture Wipro
Capgemini Cognizant
TCS Amazon
Genpact Flipkart
Ernst & Young Deloitte

Popular Cities that offer lucrative Jobs to B.Com Graduates

Colleges in India offer B.Com programmes in full-time, distance/correspondence, part-time classroom, and online formats. There are a lot of B.Com colleges in India that give promising prospects to B.Com graduates in cities/states such as Mumbai, Delhi, Pune, Chennai, Bangalore, Hyderabad, Uttar Pradesh, Kolkata, Maharashtra, Rajasthan, Madhya Pradesh and others.

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