If you have been pursuing B.Com or are close to completing the program, you may wonder what you can pursue once you complete the course. You may consider several criteria before finalising the career path you want to pursue such as the B.Com salary in India, scope in B.Com, and many more. B.Com is considered to be an open option for a very lucrative career depending on your skillset and the background you have. You could either decide to start working or pursue higher education after you graduate with a B.Com degree receiving a B.Com admission. This article explores the 6 different job profiles that you can consider and choose after you have completed your B.Com course.
6 Job Opportunities After B.Com
There are several different career paths that you can pursue once you graduate with a B.Com degree. With these several jobs after B.Com, it can be confusing to decide on the right career path. Let us have a look at the 6 most common career paths that you can consider.
The most common route that many B.Com graduates take is to take up a job as a Chartered Accountant. This job is one of the best career options as it does not have any eligibility criteria such as completing a bachelor’s degree or an MBA. Any student who has passed high school can enrol for a Chartered Accountancy course. There are three stages to completing the CA course that includes CPT, IPCC, and CA finals. It usually takes about 3 years to complete all these 3 stages along with an internship that spans 2.5 years. Upon completing the CA course, you will have the option to work across many multinational companies. In India, you can earn an average of ₹7 Lakhs to ₹8 Lakhs of B.Com salary in India once you become a Chartered Accountant.
Chartered Financial Analyst
While the role of a Chartered Financial Analyst (CFA) is not very common, there are many graduates pursuing this path of late. The CFA is a professional designation that is recognized globally. Usually, it takes about 2.5 years to complete the CFA course and it will measure and certify the integrity as well as the competence of financial analysts. The exams for passing the CFA course are three-tiered.
There is a wide range of topics you can explore and learn in the CFA role such as economics, security analysis, statistics, probability theory, fixed income derivatives, corporate finance, portfolio management, alternative investments, and many others. The typical salary range for a CFA role varies between ₹6 Lakhs and ₹7 Lakhs with an average salary of ₹6.6 Lakhs.
A finance consultant is one who supports and determines the financial future of a company. While a company comprises several departments and talent, the ultimate bottom line of the business comes down to its financial status. A finance consultant is usually employed by companies either in a part-time, full-time, or contractual role depending on the needs and requirements of the company.
Typically, a finance consultant analyses the finances of the company by understanding and analysing the different financial documentation of the company including profits, revenue, balance sheets, and many others. Finance consultants also identify the different areas in which there is cash burnout and formulate a strategy to improve the finances of the company.
Business Accounting and Taxation
You can also consider working in the business accounting and taxation space after completing your B.Com degree. This means that you would primarily be involved in both the accounting as well as the taxation functions of companies. This could be for both the overall company as well as the individual employees. There are options to be employed on a full-time or a contractual basis depending on the nature of the business.
Essentially, you would be working to collect all the relevant and required financial documents to ensure that the accounts aspect of the business is meticulously updated accurately. Usually, the accounts aspect involves functions such as payroll, With all kinds of cash flow comes taxation. As a result, along with the accounting aspect of the business, the role would also involve considering taxations involved for different business activities appropriately.
With several different insurance policies such as health insurance, life insurance, dental insurance, vision insurance, motor insurance, car insurance, and others, this space has plenty of different capacities for a career. By working as an insurance consultant, you would identify the needs of different customers based on their requirements and work with them to purchase the best insurance plan or policy.
By being employed in an insurance company or a third-party company, you would likely be working with a particular niche or sector of the vast variety of insurance policies available. Depending on your level of expertise, you could move up the ladder that comes with increased responsibilities pertaining to managing teams and customers accordingly.
One of the most common routes that many B.Com graduates take is to become a banker. In the banking sector, there are several openings across different functions and departments. However, to enter the banking section, you would have to appear in their entrance exam and qualify. Depending on your results, you would be assigned a certain role or department. There is scope to shift between departments depending on the availability and the requirement by the bank.
You could choose to pursue a job either in the public banking sector or the private banking sector. These different sectors come with different sets of responsibilities, departments, and benefits. However, the day to day roles of both are largely overlapping.
In summary, there are many different roles that you can take up once you complete your B.Com degree. Depending on your expertise and interests, you can pursue any of the available options. It would also be beneficial to consider your future career trajectory while deciding the job you would like to take up.
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