India's most popular undergraduate course is B.Com, which offers a wide range of career options. After getting a degree in B.Com, an individual can choose unique jobs or follow traditional professional pathways like chartered accounting, accounting, bank-PO examinations, etc. 

After getting a graduate degree in Business Administration (B.Com.), students have a variety of career alternatives. However, not all students are aware of these options or how to properly explore them. Here's a look at the best career option after B.Com that you may want to take into consideration for long-term benefit:

List of Best Career Option After B.Com?

 

1. Chartered Accountancy (CA)
2. Master of Commerce (M.Com)
3. Tax Consultant
4. Financial Analyst
5. Master of Business Administration (MBA)
6. Banking
7. Certified Management Accountant (CMA)
8. Certified Public Accountant (CPA)
9. Portfolio Management
10. Association of Chartered Certified Accountants (ACCA)

 

Chartered Accountancy (CA)

The first subject that springs to mind for a commerce student as the best career option after B.Com is CA. CA is one of the most significant career possibilities after B.Com. Students can apply for CA immediately after graduating. 

CPT, IPCC, and CA Finals are the three stages of CA. Clearing all three levels, as well as a 2.5-year internship, qualifies you to be a licensed chartered accountant. Candidates who successfully complete the CA course are awarded professional certification by the Institute of Chartered Accountants of India (ICAI).

Master of Commerce (M.Com)

The M.Com is a postgraduate program in commerce, and the course is for two years and is available in various recognized universities and colleges. Building on the foundational knowledge gained during a B.Com, it goes deeper into advanced concepts and specialized areas within commerce.

The course emphasizes practical application, preparing students for the professional landscape by providing analytical, problem-solving, and decision-making skills. With a focus on research, case studies, and real-world scenarios, M.Com is the best career option after B.Com, which helps individuals to succeed in various roles.

Tax Consultant

A tax consultant is a professional who helps individuals and businesses understand the various regulations and legislation that affect the tax filing process. They must be up to date on the most recent developments and changes to tax rules and regulations. Tax consultants can help individuals, small business owners, and large businesses. 

A tax consultant's position is in high demand, and it is the best career option after B.Com as they usually earn a substantial salary. Despite macroeconomic shifts, tax consultants remain in high demand because individuals and organizations must still pay their tax responsibilities.

Financial Analyst

Financial analysts play an important role in understanding a business's historical and current financial information to create potential future revenues and expenditures. Their responsibilities extend to forecasting the return on investment for stocks and evaluating financial data, as well as implementing strategies to reduce costs and improve overall financial performance. 

Financial analysts use multiple approaches, including tasks such as conducting detailed financial analysis, auditing, strategic planning, budgeting, assessing financial risks, and cost control. Financial analysts facilitate informed decision-making and help to improve the fiscal strength of business.  

Master of Business Administration (MBA)

MBA is the most popular course offered to students and one of the most significant career options after B.Com. This course teaches you how to handle all areas of a business based on the background you pick. 

To get MBA admission in prestigious colleges you must pass Common Admission Test (CAT). Your CAT score influences the colleges you get admitted to. It is one of the most significant career possibilities after B.Com. After getting 2-3 years of work experience, it is advised to get an MBA.

Banking

Banking remains an attractive career option after B.Com. B.Com graduates are well-positioned to pursue diverse roles within both private and public banks. These positions include different responsibilities, including loan management, sales, client issue resolution, public relations, accounting tasks, and managing cash flows. 

The banking sector offers a lot of opportunities for career advancement. It provides a high scope for B.Com graduates to climb the professional ladder through skill enhancement, performance, and demonstrated expertise.

Certified Management Accountant (CMA)

The Institute of Management Accountants also offers the Certified Management Accountant (CMA) professional certification. It focuses on two areas: Management Accounting and Financial management. If you have this certification, it means you are skilled and knowledgeable in areas such as financial planning, decision support, analysis, control, and professional ethics.

A B.Com graduate can become a CMA-certified professional by passing two levels of examination and having two years of work experience. After earning the CMA certification, you will be able to find work in companies of all sizes and across all industries. CFA-certified professionals are always in demand by public and private enterprises, non-profit organizations, academic institutions, and multinational corporations. 

Certified Public Accountant (CPA)

Certified Public Accountants offers one of the best career options after B.Com and is offered by the American Institute of Certified Public Accountants (AICPA). To earn a CPA license, you must have a solid accounting background, significant knowledge (at least 150 hours), and pass a tough four-part exam. 

CPAs are in charge of preparing financial statement audits and other attestation services to help investors understand the financial health of companies. They also provide tax and financial planning direction to both companies and individuals. Their primary responsibility is to provide financial reporting and encouraging services for better decision-making and financial growth.

Portfolio Management

Many businesses are looking for experts who understand and make risk-based judgments in their clients' financial markets. As the number of high-net-worth individuals is growing, so does the ability to manage their money.

Many B.com graduates have specializations in financial management, and those interested in the financial markets can choose to work at wealth management organizations. You manage funds for clients and achieve high financial returns for them. This industry is growing rapidly and offers the best career option after B.Com.

Association of Chartered Certified Accountants (ACCA)

The Association of Chartered Certified Accountants (ACCA) is a global professional accounting association that offers certification programs for those interested in pursuing careers as chartered accountants. BCom graduates and professionals with at least three years of work experience are eligible for the course. 

The certification procedure normally takes three years and requires the participant to pass multiple-level assessments. You can learn financial accounting, performance management, management accounting, taxation, audit & assurance, financial reporting, corporate & business law, and financial management.

Final thoughts

Before choosing a career after B.Com, all young minds must consider factors such as interest, job prospects, and salary. Any of the best career options after B.Com listed above will almost certainly find you a good job, helping you to begin your professional journey with joy.

 

FAQ's:

 

1. In general, what would the nature of a B.Com degree job be?

After completing a B.Com degree, you will get a variety of professional opportunities. You could work as a Sales associate, Financial manager, Chartered accountant, and so on.

2. What is the average pay for a BCom graduate?

Jobs that are immediately available after getting a BCom degree normally pay between INR 2 to 3 LPA. 

3. Is BCom a decent career path?

After getting your BCom, you will be able to choose from a lot of job opportunities. If you take up courses like ACCA, CPA, and CMA, you can improve your career prospects.