A question arises in the minds of millions, but not everyone has an answer. Then an interrogative word, such as what, when, or how frequently, drives us insane. According to AISHE reports, with nearly 9.33 lakh enrollees, B.com is the most aspiring course in India after the 12th. Students frequently take courses due to a lack of marks in previous exams, knowledge, and confidence. If you want to improve your life and learn more about career options after B.com, you’ve come to the right place.
Table of Content:
- Higher Education After B.com
- Skills Courses After B.com
- START-UPS/Business After B.com
- Government Jobs After B.com
Students frequently discover that B.com restricts the best job and career opportunities due to overcrowding. However, simply receiving an undergraduate degree does not guarantee a prosperous future. It is necessary to learn new skills in order to have a stable career. In today’s contemporary world, everything has changed, including Industries’ approach to working patterns. To stand out from the crowd, you must develop your own unique personality.
Here, we will guide you on how to identify your specific niche and interests.
Before that let’s examine the benefits and drawbacks of a career in B.com
You can analyze the four segments below to determine which route is ideal for you.
1. Higher Education Courses After B.com
Let’s look at Higher Education Courses After B.com Options:
The benefits of getting a higher education include employment assurance, increased income, assistance in building a social network, career specialization, and many other benefits.
Having a university degree enables you to obtain internationally recognized professional qualifications and designations. Let’s look at renowned higher education programs one by one.
M.com (Master of Commerce)
The master of commerce is a two-year specialist degree that allows students to consolidate their b.com knowledge. In banking, accounting, finance, and economics, one can pursue a specialty. This degree is available from any reputable university.
The benefits of M.com can be found in both the public and commercial sectors while working for a top company.
Fees range from Rs. 25000 to Rs. 1 lakh, depending on the university. The experienced can earn up to Rs.2 lakhs to 8 lakhs per annum.
M.B.A (Master of Business Administration)
For those looking to begin a career in business, the Master of Business Administration program is an established, current, and future course. It is intended for those seeking career flexibility or an understanding of the business administration work pattern. To be admitted to an MBA program, one must pass an entrance exam such as the CAT, XAT, or MAT. To be eligible for this course, one must obtain a minimum of 50% in the same. It is a two-year professional course with specialization in various fields, such as an MBA in Digital Marketing, Business Analytics, Data Analytics, Entrepreneurship, Financial Management, Marketing, etc.
In today’s world, where start-up culture is thriving, this can be a lucrative career path. The annual salary of an MBA graduate ranges from Rs. 10 lakhs to Rs. 12 lakhs. M.B.A professional salary increases are growing at a rate that is 3% higher than any other.
C.A (Chartered Accountant)
A career as a chartered accountant is one of the most secure options for those with a B.com degree.
The duration of this professional qualification is 4.5 years, plus an internship of at least 6 months. After finishing 12th grade, one must pass the entrance exam CPT. Graduate students need at least a 55% in B.com. The best aspect is that anyone who meets the prerequisites can choose this option; there is no age restriction.
The typical annual income for a CA is between Rs. 7 lakhs and Rs. 9 lakhs, but depending on abilities and experience, it can reach between Rs. 40 lakhs and Rs. 60 lakhs.
If not, one can work for themselves by opening an office and employing their skills there.
C.F.A(Chartered Financial Analyst)
The CFA Institute of America offers a 3-year professional program called Chartered Financial Analyst. The minimum requirement for this course is a 12th-grade diploma or a B.com degree with at least 50% of the required marks.
The curriculum comprises three levels and covers a variety of topics, including asset valuation, portfolio management techniques, asset valuation strategies, and much more.
An individual with C.F.A typically earns between Rs. 7 lakhs and Rs. 10 lakhs annually. Anyone with sufficient knowledge and interest should pursue this as a career option.
C.S (Company Secretary)
The company secretary is responsible for handling all daily operations of the business, including legal matters. A sound person with sufficient knowledge can become a Company Secretary. Companies’ legal obligations and legislative decisions fall under the purview of CS.
This is a 3 years professional course. The national organization recognized by the Companies Secretary Act is the ICSI ( Institute of Company Secretaries of India).
B.ed (Bachelor of Education)
Do you aspire to work as a teacher?
The professional degree that qualifies a candidate to teach in schools and colleges is a bachelor’s in education. This certificate can be obtained after two years of course completion.
The average salary for this course is 2 lakhs to 5 lakhs per annum as per your skill, knowledge, and expertise it tends to increase. After passing the required tests, you can work in the government sector with this degree. Following this, one may choose to pursue an M.Ed. to advance their career.
2. Skills Based Courses After B.com
Let’s look at Skills Based Courses After B.com Options:
Skills are something else that is accomplished, along with a degree. Your chances of finding work are higher, the skills/talents you possess. Let’s examine the professional skills you can acquire after completing a B.com.
CERTIFIED MANAGEMENT SKILLS
Management skill certification teaches you the tactics of effective managerial supervision. Technical skills, conceptual skills, risk management, and interpersonal skills are examples of managerial skills.
Depending on the platform you select, this beginner-level course lasts for six months. For the same, no prior experience is necessary. If you’re interested in a career in management, you may here examine all of your skills. It is offered for free on several platforms, like Coursera.
CERTIFIED FINANCIAL PLANNING
Certified financial planning is a particularly designed course for evaluating clients’ financial structures and improving their market effectiveness. The CFP is a well-known practice in the world for financial planning, knowledge, and mastery.
The Financial Planning Standards Board awards this accreditation (FPSI). At least a certificate from the 12th grade is required for enrollment. There are around 6 modules included and need to be completed to avail these skills.The average salary for C.F.P is approximately Rs. 3.5 lakhs per annum.
CERTIFIED PUBLIC ACCOUNTING
A 12-month certification program in certified public accounting involves reviewing and analyzing documents to generate budgets and tax returns as well as conducting client audits.
It is regarded as one of the most difficult exams. Because of this, it puts you in the spotlight, allowing you to advance professionally more quickly and make more money. There are four sections to qualify as CPA are
- Auditing and Attestation
- Business Environment and Concept
- Financial Accounting and Reporting
CFAs make between five and six figures annually.
ADVANCED TALLY ERP
One of the earliest and most reliable programs for performing accounting is Tally ERP 9. completing this task ensures a position in a reputable organization.
The roles that one should perform next are to compute GST taxation, compute money terms, resolve account issues, and manage effective data. By doing this, you can have a successful profession in data entry, account management, analytical work, etc.
Compared to other skills, the fees rates are lower in price and are generally 1-3 months long.
Up to 3 to 4 lakh rupees can be made annually with this job.
3. START-UPS / Business After B.com
Let’s look at START-UPS / Business After B.com Options:
Today, where start-up culture has risen a few years ago, India witnessed approximately 50,000 start-ups in India around 2018. Due to unreasonable remuneration for jobs, late hours, and restrictions on personal time, start-up cultures have grown tremendously.
There have been 72,993 startups as of this writing. Yet not everyone succeeds due to issues they encounter including a lack of talent, lack of financial assistance, unwillingness to take risks, inappropriate professions, a lack of marketing strategies, lack of mentoring, and government prohibitions.
Let us take a closer look at the appropriate courses you can choose if you want to start your own business.
Digital marketing is a new-age component of marketing that promotes products and services via the internet or online-based digital platforms and technologies. Because of the rise in start-ups, the craze for digital marketing has carved out its own niche. In today’s world, business entails digital marketing.
Benefits of Doing Digital Marketing
- There are no prerequisites.
- High-paying careers
- Rapidly expanding industry
- Improved job security
- Digital marketers are in high demand.
- Entrepreneurship opportunities
For a job in this sector that is guaranteed, you can enroll in India’s top-ranked EDIIFY Institute of Digital Marketing, where you can also take classes and intern. Or you can Visit www.ediify.com for further course-related queries.
They offer a variety of courses that will prepare you for employment in just three months, as well as an 11-month Postgraduate program in digital marketing.
FINANCIAL PLANNING AND STRATEGIES
At any stage of a firm, financial planning and strategies are crucial.
Ineffective financial planning can have negative short- and long-term effects.
For this certificate in Financial Planning and Strategies, applicants must have at least 12 certificates or a maximum of a B.com and have a solid understanding of finance.
Financial planners typically earn Rs. 7.33 lakhs annually.
Web development is extremely important for any new business since, without visitors, a website is like a ship floating without water. Any business development that wants to reach a wider audience and attract more leads and consumers must have a well-designed website.
A specialized degree is not necessary to work as a web developer. Anyone who enjoys developing and creating new things can choose to do it. To fully learn all skills at the boot camp, it typically takes 3–4 months, depending on how much time you spend doing it.
A web developer makes an astounding Rs 4.87 lakhs each year, which is fairly high. This makes working from home possible. Salary typically rises in line with talents.
A crucial aspect of any startup is inventiveness. If you have enough creativity, you will succeed and dominate the market. Every time consumer behavior changes, you must manage it by launching innovative products and services.
Ways to boost one’s creativity.
- Take careful notes on everything.
- meet with individuals that have creative ideas
- advance backward
- pause your thinking
- look into content off-screen
TIPS: It is preferable to launch a business in a field in which you are knowledgeable and innovative. Consider all aspects before starting one.
4. Government Jobs After B.com
Let’s look at Government Jobs After B.com Options:
We have all heard from our forefathers that “kuch bhi ho naukri to Sarkari hi honi chaahiye.” This is due to job security and the Indian mentality that gives them pride as government employees, pieces of training, and pensions after retirement. But to be a government employee is not a cup of tea, one needs to work hard to prepare for government jobs. Government occupations offer benefits that private jobs lack. This is a great option after B.com.
The following careers are available in government sectors.
UPSC (UNION PUBLIC SERVICE COMMISSION)
The Union Public Service Commission in India holds the UPSC civil service test to select candidates for higher civil service positions. The UPSC exam is held to fill four different positions, which are as follows:
- IPS (INDIAN POLICE SERVICE)
- IAS (INDIAN ADMINISTRATION SERVICE)
- IFS (INDIAN FOREIGN SERVICE OFFICER)
- IRS (INTERNAL REVENUE SYSTEM)
After completing your B.com, you can apply for UPSC services. To be eligible for the same, one must pass three stages: preliminary, mains, and interview. Salary differs according to the position held by the aspirants.
Apply on https://www.upsc.gov.in
MPSC (MAHARASHTRA PUBLIC SERVICE COMMISSION)
After B.com one can opt for MPSC as a great career alternative, even non-Maharashtrians with an adequate degree and skills can apply. one needs to qualify for exams arranged by MPSC in order to be eligible for positions given, Giving MPSC exams is not a simple task. but with commitment and effort, it is possible.
Apply online at https://mpsc.gov.in
PUBLIC SECTOR BANK
All public sector banks hire employees through the IBPS examination. For this position, one must be Indian and applicants must be between 20 and 30 years old. A minimum B.com degree with 60 percent marks is required, as well as strong computer and English communication abilities. One of the simplest exams to pass is this one.
One receives a monthly income of between Rs.35,000 and Rs.59,999.
2022 is a better year to apply for jobs with the Indian Railways if you are a capable candidate on https://indianrailwayrecruitment.in.
At least a 10th-grade certificate is required. You must regularly check all websites for job updates. Job positions for Indian Railways are as follows,
Deputy General, A second general director, When serving as the Zonal RPF Chief or the Head of the RPSF, an additional director general, inspector general, or deputy inspector general, Deputy Inspector General.
There are four different types of Defence Services, including the Indian Army, Indian Force, Indian Navy, and Indian Force Guard. After earning a degree in business administration, one may choose to pursue this field because it offers one of the most prestigious work positions.
The one in the Ministry of Defence earns 30 lakhs per year.
You need to appear for Defence exams arranged by UPSC twice a year. To know about it check the website.
We have already discussed what one can do after B.Com. Before entering any field, please understand your niche and interests. We have almost finished discussing courses after B.Com, salaries after B.Com, and jobs after B.Com. The information provided here is limited to the best of my knowledge.
Do you desire more information? visit our website to learn more. You can also look at the Digital Marketing course offered by ediify.com if you’re interested in learning more.
Co-Founder at EDIIFY®| Director @Ribittle Venture Pvt Ltd | EdTech | YOUNG ENTREPRENEUR 2020-21 Award | Digital Growth Marketing Trainer, Coach & Consultant | Entrepreneur | Lead Generation Expert