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A variety of employment choices make BCom one of the most popular undergraduate programs in India. After earning a degree in commerce, one can pursue standard career paths like accounting, chartered accounting, company secretary, bank-PO exams, etc., or choose unconventional careers. After earning a BCom, one can decide to pursue a teaching profession by earning a B.Ed. and an M.Com. One needs to be aware of their areas of interest because commerce is a broad sector that encompasses taxation, finance, accounting, banking, insurance, wealth creation, auditing, management, etc.
The secret to a prosperous professional life is choosing the proper career after BCom. After receiving their BCom, those who want to work in the fields of banking and commerce shouldn't take it easy. They ought to proceed and pursue a graduate degree as well. They can choose between a professional degree like an MBA, CA, CS, etc., or an academic degree like an MCom.
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BCom graduates are trained to start their own businesses. The BCom degree, in comparison to BBA, which primarily focuses on preparing students for managerial positions, prepares applicants for both the corporate world and entrepreneurship. Candidates acquire excellent commercial and financial knowledge that they can use to advance in their careers or company endeavors.
In contrast with other degrees, a BCom degree and other short-term courses listed offer a wider range of applications. BCom degree holders can find employment in various industries, including marketing, accounting, consultancies, investment banking, banks, capital management, etc.
Many businesses favor BCom graduates over others due to their extensive and varied academic experience. BCom degree holders receive a significantly better starting salary than those with other degrees. Another main highlight of this course is that there are numerous short-term courses created specially to aid BCom graduates in developing advanced and sector-specific abilities.
Most candidates pursue higher education to have a good profession following their BCom. Today, getting a strong start in your profession requires more than just a graduation degree. To ensure a strong start, one must become an expert in the sector of their choice.
To develop one's knowledge and experience in the sector, one can select from a variety of academic and professional courses. After completing a BCom degree, you can find employment, mostly in the banking, accounting, and finance industries. There are numerous professional courses after BCom that one might opt for. Since the finance department is one of the four cornerstones of any company organization, finance and accounting are relevant to all industries.
Following are the career opportunities after BCom:
The government sector offers a wide range of job options, including the chance to work as an official in a government bank or in the finance, accounting, or management division of a business. After obtaining a BCom degree from any accredited institution that is UGC-DEB certified, the candidate has the finest employment potential if they are serious about building or entering the government sector.
Just possessing a bachelor's degree, such as a BCom, won't get you a stable job in today's dynamic and ever-changing employment market. To compete in today's tough job market, students need more than just a BCom degree. They need accurate information and additional skills. We'll talk about how you can pursue your desire to work in the finance industry after earning your BCom. Finance is an exciting industry to work in.
It is widely accepted that having a bachelor's degree particularly a B. Com in the commerce stream could be a wise career choice and the very minimal requirement to get regular employment.
The scope of a BCom. in accounting after graduation is broad. The potential for the field is excellent, and graduates are being hired by reputable firms with competitive compensation packages because commerce, finance, and other related fields are now recognized as a universal language on a global scale. As a result, there is a wide range of employment opportunities after BCom. Accountancy graduates. Graduates typically make roughly INR 4.78 LPA in income.
Due to the existence of numerous insurance businesses in the market that provides a variety of life and non-life insurance products, BCom Insurance Management is becoming increasingly well-liked among students. After finishing this course, candidates may work for audit firms in tax-related problems, banks, financial institutions, or insurance companies.
BCom. in Taxation graduates have a variety of BCom career options, including chartered accountants, financial risk managers, tax consultants, tax specialists, senior tax managers, tax compliance managers, cost estimators, lecturers, stockbrokers, financial analysts, and actuaries. Graduates can also find employment in the public and private sectors. Freshmen in BCom. Taxation can expect to earn an average of INR 2 to 4.5 LPA (PayScale), with experience and skill levels rising over time.
After BCom, you can choose to do the relatively straightforward yet useful B.Ed. course. You can use the knowledge you have gained as a B.com graduate in your career as a lecturer.
The Bachelor of Education is likely one of the easiest professional routes after earning a BCom (B.Ed.). B.Ed. is a two-year postgraduate teaching degree that is specifically created to enable students to pursue an academic career, making it one of the best courses available after b.com. You could enrol in this course if you received a graduation grade of 50 to 55 percent from an Indian university that is regarded as reputable.
We are searching for a wealth manager who will oversee providing clients with financial services and guidance to help them with their financial endeavors. Relationship management, assisting clients with account information, and giving recommendations on financial investments are all duties of wealth managers.
You need to be confident, be able to communicate difficult material, and have strong sales and negotiating abilities to succeed as a wealth manager. In the end, a top-notch wealth manager needs to be well-versed in wealth management, have effective communication skills, and be aware of customer relations strategies.
Masters in commerce, or M.Com, is one of the most popular courses available after BCom. You can learn more in-depth information on topics like accounting, taxation, business studies, statistics, economics, finance, international business, etc. in this course. You can select a specialization from among business-related courses like M.Com in the areas of finance, accounting, economics, taxation, business studies, marketing, management, and statistics.
After earning your BCom, you can pursue your Bachelor of Education (B.Ed.) to work as a teacher in a school. When you finish your BCom course and pass the UGC-NET, you can pursue an M.Com and then a Ph.D. if you want to become a professor.
You can choose to specialize in finance in your Master of Business Administration (MBA) if you want to work in the finance industry. You can work at managerial levels in finance, BFSI, FMCG, IT, consulting, and top companies after earning an MBA in finance. Following an MBA in finance, the best career options after BCom include those as a finance manager, consultant, financial analyst, credit risk manager, portfolio manager, and treasurer.
One of the top career options for graduates of commerce programs is chartered accounting (CA). Accounting, auditing, taxation, and financial assessment for an individual or organization are all included in the practice of chartered accounting. Candidates who successfully finish the CA course are awarded professional certification by the Institute of Chartered Accountants of India (ICAI), which enables them to engage in professional practice.
Company secretary is a popular career option that requires a professional degree after receiving a BCom. The Indian company secretary profession is governed by the Institute of Company Secretaries of India (ICSI). A company secretary manages tax returns, legal and statutory obligations, record-keeping, giving advice to the board of directors, and making sure the firm complies as part of their job description.
The Chartered Financial Analyst (CFA) credential is a well-liked option among business professionals. The CFA Institute overlooks the CFA programme (formerly the Association for Investment Management and Research). The applicants must pass three levels of tests that examine their knowledge of accounting, economics, business ethics, money management, and security analysis. Candidates are certified as financial analysts and qualified to practice professionally after passing all three levels.
You'll gain the theoretical and practical knowledge of accounting and taxation you need from this brief professional course to be ready for the workplace. The training curriculum includes topics on Goods and Service Tax (GST), Direct Taxation, Payroll, Financial Reporting, Tally, Excel for Accounting & MIS, Finalization of Financial Statements, Busy Software, and SAP.
The Institute of Management Accountants offers this course as a certification, preparing the student for a wide range of positions in financial accounting and strategic management. A two-part exam covering decisions relating to external financial reporting, planning, budgeting, and forecasting, performance management, cost management, internal controls, technology, and analytics, financial statement analysis, corporate finance, decision analysis, risk management, investment decisions, and professional ethics is included in the course schedule.
The CPA is a well-known professional certification programme that focuses on financial planning, attestation services, and audits of financial statements. To protect the client's financial health, a certified public accountant (CPA) is legally permitted to provide financial advice and audit services. Professionals who pass the exam covering Regulation, Financial Accounting and Reporting, Business Environment and Concepts, and Auditing and Attestation are awarded CPA certification by the American Institute of Certified Public Accountants (AICPA).
In the financial markets, FRM is a recognized profession on a global scale. The Global Association of Risk Professionals offers accreditation to professionals in the financial risk management sector (GARP). To become FRM certified, professionals with at least two years of work experience in financial risk management must pass a two-part exam.
A global professional accounting organization called ACCA offers certification programmes for those who want to pursue careers in chartered accountancy. The full form of ACCA is the Association of Chartered Certified Accountants. BCom graduates and professionals with at least three years of work experience are eligible for the course. The certification process typically takes three years to complete and requires the participant to pass multiple-level tests. Financial accounting, management accounting, taxation, performance management, audit & assurance, corporate & business law, financial reporting, and financial management are among the skills acquired.
Another well-known professional title in the financial planning sector is the Certified Financial Planner designation (CFP). The Certified Financial Planner (CFP) designation, awarded by the Certified Financial Planner Board of Standards, Inc., is one of the most difficult financial counselling programmes. A demanding exam is part of the certification procedure to assess aptitude and moral character. A CFA is qualified to provide guidance on tax, investment, retirement, insurance, and educational planning.
A reputable international certification with attractive compensation is CIB. The book focuses on crucial facets of banking and finance, such as Financial Statement Analysis, Asset Class Valuations, including DCF, Corporate Actions and Restructuring, IPO, Listing and Fund Raising, Mergers and Acquisitions, Transactions Analysis, and Leverage Buyouts (LBO).
After BCom, it would be a promising idea to enroll in a digital marketing school because it is one of the trendiest sectors right now. After BCom, one of the top courses in digital marketing. You can find fascinating opportunities with a sizable annual package in this trending sector with dynamic work roles. A digital marketing course's main goal is to educate you in the field of digital marketing, along with its fundamental ideas and methods for creating a trustworthy brand online. SEO, SEM, SMM, email marketing, content marketing, PPC, web design, and other topics are covered in-depth in digital marketing courses. 3 to 11 months are the possible course lengths. One of the greatest courses for BCom students, but also for other students, is digital marketing.
Following are the corporate job options after BCom:
Auditing financial records and processes, comparing bank statements, and computing tax obligations and returns are all duties of an accountant. If you want to be successful in this position, you need to have prior bookkeeping knowledge and a knack for recognizing mathematical errors.
An excellent accountant has strong interpersonal and communication abilities in addition to their knowledge of finance. They must have the highest level of honesty possible as they supervise financial records, and they must have excellent communication skills to convey complex information in a way that is simple to grasp.
The main point of contact between a vendor and a customer is an account executive. Typically, the account executive is involved from the very beginning of the company relationship. They are in charge of carrying out the terms of the contract and maintaining the client's satisfaction after pitching the business and negotiating the contract.
A client can also receive a call from an account executive introducing new goods and services. To provide demos and support the sales pitch, this may entail making travel arrangements for technical, design, and other support staff members to visit the client.
Financial risk managers are skilled at identifying and controlling financial risk as well as collaborating with banks, insurance providers, accountancy firms, and asset management corporations. In partnership with internationally renowned universities, Emeritus India offers a variety of online and offline financial management courses.
Identification of asset hazards, analysis of business risk, and provision of a business risk solution are some of the duties of an FRM.
Business analysts, often referred to as business systems analysts, process analysts, enterprise analysts, business architects, and functional analysts, offer ways for organizations to run more effectively using data. To design and research prospective organizational challenge solutions, including system and process changes, they acquire and analyze data.
You should be able to lead integrated digital marketing campaigns from concept to execution and have a firm knowledge of the most recent marketing technologies and tactics. To implement campaigns on schedule and under budget, digital marketing managers will collaborate with the marketing team, supporting teams (such programmers), and vendors.
Prepare and carry out all digital marketing strategies, including email, social media, SEO/SEM, and display advertising campaigns. Creating, establishing, and sustaining our social media presence. All digital marketing campaign performance is measured, reported, and evaluated against set objectives (ROI and KPIs).
Jobs in government organizations and nationalized banks through competitive exams are another well-liked alternative for a career in India after completing a BCom. Below is a list of some of the most well-known competitive tests following BCom:
For the direct hiring of Grade B Officers in Combined Seniority Group (CSG) streams, the Reserve Bank of India conducts RBI Grade B recruitment. Every year, recruiting exams are held by the RBI, the nation's central bank, to fill a variety of positions.
Every year, State Bank of India (SBI) holds the SBI PO exam to determine who is qualified for the position of probationary officer. According to the number of openings, many candidates apply for the exam, but only a select few are chosen.
State Bank of India (SBI) administers the SBI PO exam each year to select candidates for the probationary officer job. Numerous applicants apply for the exam in accordance with the number of positions, but only a small number are ultimately chosen.
The Union Public Service Commission (UPSC) holds the IAS test, also known as the Civil Service Exam (CSE), each year. At the national level, the test is given in India.
Staff Selection Commission (SSC) Combined Graduate Level is the full name of SSC CGL (CGL). The Staff Selection Commission (SSC) holds the SSC CGL exam at the national level to choose candidates for Group-B and Group-C positions in various ministries, departments, and government agencies throughout India.
To choose applicants for Graduate and Undergraduate positions under Non-Technical Popular Categories (NTPC) in various zonal railroads and manufacturing units of Indian Railways, the Railway Recruitment Board conducts the RRB NTPC exam.
Every year, SBI holds the SBI Clerk test to find applicants for positions in the Clerical Cadre. A lot of graduates apply each year for the position of Junior Associate (Customer Support and Sales).
A common recruitment process (CRP) is run by the Institute of Banking Personnel Selection (IBPS) to find candidates for positions in India's public sector banks' clerical cadre. CRP scores are used by public sector banks to choose applicants for their various branches.
Each year, the Institute of Banking Personnel Selection (IBPS) conducts the Probationary Officer/Management Trainee (PO/MT) exam to fill open positions in 11 public sector banks in India.
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Discover your interest because there are many employment opportunities in information technology. Just remember to be specific when picking the best IT career path.
One of the IT industry's most in-demand skills is artificial intelligence. A top AI technology framework can be used to provide answers to challenges in the real world by an artificial intelligence architect.
An AI job requires the following skills:
An AI architect in the US makes a yearly salary of US$125,377 on average.
The level of the digital world has increased thanks to augmented reality and virtual reality. The best 3D virtual technology enables users to interact with the environment in real time. You need the following abilities to work as an AR or VR engineer:
In the United States, the average annual income paid for the skill of virtual reality is US$71,660.
Organizations can combine and analyze their vast amounts of industrial data thanks to big data technology and applications. By producing effective results, this aids in the growth and profitability of the businesses. However, there has been a lack of Big Data specialists in the IT industry, so if you want to become a Big Data Engineer, now is the time to acquire the required abilities. The abilities you must develop are as follows:
A Big Data Analyst makes an average yearly pay of US$111,793 in the United States, whereas a Data Scientist makes an average yearly compensation of US$96,494.
To help businesses innovate more quickly and profitably, cloud computing is a service that offers a variety of functions over the Internet, including servers, storage, databases, networking, software, analytics, and intelligence. The potential of cloud computing in the IT sector is enormous, as are the job opportunities after BCom. You can become an expert in cloud computing by developing the following abilities:
The average annual pay in the United States for those with cloud computing expertise is US$125,556.
In the US, a Blockchain Engineer can expect to make roughly $107,534 per year.
DevOps is a skill that is in high demand since it requires you to be both a developer and an operator. Along with the technical abilities listed below, you also need to be a great communicator and have an intense sense of teamwork if you want to become a DevOps Engineer:
In the United States, the starting compensation for a DevOps Engineer is US$96,054.
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The list of top courses after BCom is shown above. Hopefully, it will answer the question, "What is the best career after BCom?" and provide you with a better understanding of career options after BCom and pay information. Based on the numerous employment paths stated above you can plan what to take after graduation and what interests you. Before choosing the best job after BCom, young people who are unsure about their next steps should consider the duration, level of difficulty, and cost of the course. Any of the aforementioned top job-oriented courses after BCom are guaranteed to get you an excellent job after BCom so you may cheerfully begin your professional career.
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Account Executive, Tax Consultant, Company Secretary, Accountant, Bank Manager, Financial Analyst, Business Executive, Finance Manager, Teacher, Accounts Manager, Business Consultant, Chartered Accountant, Chartered Financial Analyst, Certified Management Accountant, Certified Financial Planner etc. are some of the professions that one can pursue aft er earning a BCom within a salary range of 2 lakhs to 5 lakhs.
Today, there are several employment choices available after earning a BCom, as was previously described. After completing the course, one is not required to follow the conventional route of earning an M.Com or B.Ed. A junior accountant, finance executive, sales executive, etc., can be hired right away.
Although it depends on your interests, the most advised alternative is to major in commerce with a math minor because it will help you advance your analytical skills and get you ready for any upcoming competitive exams. You'll benefit from it no matter what you decide to study, whether it's passing entrance tests or getting into a prestigious university after high school.
Jobs that are instantly available after earning a BCom typically pay between INR 2 lakh and 3 lakhs annually. However, after gaining experience of roughly two to three years and developing knowledge in numerous sub-domains of business and finance, one might earn a much larger pay.
After earning your BCom, you can choose from a variety of job profiles. You could, for instance, work as an insurance agent, financial manager, or sales associate. Additionally, you can work for the government or at a bank as a process analyst, relationship manager, etc. Your duties will depend on your job description, although many tasks are universal to most jobs.