“What do I do after completing my BCom degree?”, is a common question that students ask. As a commerce graduate, you have several professional and educational options to explore.
The advantages of obtaining a commerce degree are immense. This includes opportunities to work in departments such as sales, finance, marketing, insurance, and more.
Key takeaways:
- In this article, we’re going to look at the career opportunities available for BCom graduates that might be beneficial in shaping your future career
- Additionally, If you are interested in pursuing a masters, you can specialise in one particular sector
- Job opportunities, details, and salaries have also been listed for your benefit
Table of Contents
- Career options for commerce students
- Courses to pursue after BCom
- Eligibility for masters
- FAQs
- Why do people study commerce after 12th grade?
- Is an MBA easy after studying BCom?
- Which career is best in commerce?
- Is pursuing commerce a good decision for the future?
- What are some of the opportunities that BCom graduates can look for?
- What is the roadmap to becoming a Chartered Accountant (CA)?
- Can I skip math in commerce?
Career options for commerce students
BCom offers openings in various sectors, and taking up specialisations can help find you better opportunities. Discover various career options and high-paying jobs after completing commerce, including roles in accounting, taxation, and wealth management. The below-mentioned are a few sectors you can dive into:
- Banking
- Finance
- Insurance
- Accounting
- Taxation
- Wealth Management
- Education
Banking
The banking sector has a lot of opportunities to offer, from government banks to management, finance, and accounting departments. You can seek jobs in a bank, or in database management.
Additionally, the banking sector has different job opportunities in risk management, probation, and customer relationship management.
Finance
The finance industry requires statistical knowledge that helps in making precise decisions. Landing a job can be challenging for you with just a bachelor’s degree.
Doing courses like financial analytics, finance management and financial modelling can be helpful.
Insurance
After completing BCom, students who’ve opted for BFSI (Banking, Finance, Services and Insurance), generally tend to specialise in any one of the four majors.
Insurance is a rapidly growing industry. In fact, financial institutions, audit firms, or institutional organisations are more likely to prefer candidates who are well-versed in Insurance.
Accounting
The accounting department offers a wide variety of job ranges, right from accountant, to finance analyst. If accounting captures your interest, then grooming it into a specialisation would be the right choice to land you a job.
Courses in accounting are mostly sought after by BCom graduates, as it is an integral part of the curriculum.
Taxation
If your specialisation is taxation, you can explore various job opportunities like actuarial science, tax management and tax compliance management. Both public and private sectors hire tax specialists.
Wealth management
In wealth management, you will be offering financial services and advice to clients, to support them in financial ventures. Providing account information to clients and managing relationships are some of the duties of a wealth manager.
A wealth manager has to be good in sales and management, and able to convey precise information.
Education
You can pursue a B.Ed course after getting your BCom degree. Being qualified in both courses makes you eligible to work in academic institutions, or any educational field as such.
The benefits of completing a commerce degree are immense, offering opportunities in sales, finance, marketing and more. There are also competitive exams, to help broaden your chances of getting a job in the educational field.
KEY FACT:
Graduates can pursue careers in finance, marketing, accounting, taxation, and sales resulting in high-paying jobs.
Also read: Explore Commerce Courses with Edvoy
High-paying jobs and expected salaries after completion of a BCom course in India.
| Job role | Average annual salary (INR) |
|---|---|
| Chartered Accountant | 12,45,000 |
| Accountant | 7,00,000 |
| Junior Accountant | 2,16,000 |
| Company/Corporate Secretary (CS) | 6,00,000 |
| Account Executive | 4,50,000 |
| Business Executive | 5,50,000 |
| Bank Manager | 9,00,000 |
| Financial Risk Manager | 10,00,000 |
| Certified Management Accountant | 10,00,000 |
Source: LinkedIn
KEY FACT:
Popular career paths include chartered accountant, financial analyst, and marketing manager, with annual salaries ranging from INR 3,00,000-8,00,000.
High-paying jobs and expected salaries after completion of a BCom course (Abroad)
| Job role | Average annual salary (USD) |
|---|---|
| Chartered Financial Analyst | 81,661 |
| Actuary | 98,782 |
| Accountant | 61,981 |
| Business Executive | 107,482 |
| Investment Banker | 101,375 |
| Marketing Manager | 67,724 |
Source: LinkedIn
KEY FACT:
Graduates can explore roles such as financial analyst, business consultant, or investment banker, with starting salaries typically ranging from $40000 to $70000 annually.
Courses to pursue after BCom
Upon the completion of BCom, a majority of students also pursue their master's degrees. Gaining expertise in a particular field may help you find a job associated with your area of specialisation. Consider pursuing side courses in commerce like digital marketing, or financial modelling to enhance your skills. The courses mentioned below are the most popular choices:
- Master of Business Administration (MBA)
- Master of Commerce (M.Com)
- Master of Finance (MFin)
- Master of Accounting (MAcc)
- Master of International Business (MIB)
- Master of Economics (MEcon)
- Master of Management (MM)
- Master of Marketing (MMkt)
Excited to begin your study-abroad journey? Apply for the upcoming intake today!
KEY FACT:
Common postgraduate options include MBA, MCom, CMA and CA.
Eligibility for masters
- You should complete a BCom or an equivalent degree, to be eligible for applying for Masters
- Certain universities require you to write an aptitude or subject-related examination, to test your eligibility
- Some universities will need a particular GPA or percentage for you to get accepted
Necessary documents
To study abroad, you must provide the documents listed below:
- Letter of Recommendation (LoR)
- Statement of Purpose (SoP)
- Academic transcripts
- Curriculum Vitae (CV)
- English language proficiency scores
- Passport
- Admission test results
- Proof of Funds
The qualifying requirements vary for different universities. Completing certain courses before your application can help improve your chances of getting in.
After completing the course, you can get job experience and seek permanent residency, or PR. There are several courses available, so you can look through and apply for those that are right for you.
Edvoy provides comprehensive assistance throughout the study-abroad process, including university selection, application guidance, scholarship and financial advice.
Begin your adventure by speaking with a friendly Edvoy counsellor, and download the app today.
FAQs
Why do people study commerce after 12th grade?
Opting for commerce has numerous benefits, including a wide range of job prospects for students. Graduates with commerce degrees are highly sought after in sectors such as marketing, finance, and sales.
Is an MBA easy after studying BCom?
The topics covered in BCom are similar to those studied in an MBA program, so it is not as hard as people imagine. Finance, insurance, sales, banking, and other topics are already covered in the BCom curriculum. Only a few new topics and in-depth insights about marketing and analytics will be introduced, but overall, the course provides comprehensive knowledge coverage for students.
Which career is best in commerce?
Choosing the best commerce course after 12th grade can be quite challenging. The options are immense. Financial analyst, investment banker, research analyst, and retail manager are some of the high-paying jobs suitable for commerce graduates.
Is pursuing commerce a good decision for the future?
Commerce will always be relevant. Any financial plan necessitates extensive knowledge to efficiently employ available resources and to maximise returns. Even with the advancement of artificial intelligence, the human element will always be necessary.
What are some of the opportunities that BCom graduates can look for?
BCom graduates can begin their studies in accounting, chartered accounting, company secretary, and a variety of other fields. Graduates can work in various industries, including sales, finance, and marketing, or specialise in one.
What is the roadmap to becoming a Chartered Accountant (CA)?
After you finish your 12th-grade schooling, you can apply for the CA Foundation course. Complete a four-month study period and take the CA Foundation examination. Once done, you need to enrol in the CA intermediate course.
Can I skip math in commerce?
Skipping math in commerce is fine; however, many courses include math in their curriculum. If you opt for an undergraduate and then a postgraduate degree, you may come across courses that incorporate statistical mathematics.
