Career opportunities after B.com. What are the most effective courses following B.Com? How to get the most lucrative job after B.Com? are the most commonly asked questions by graduates and students after finishing school.
At present, having a B.Com degree is essential for students studying commerce; however, it is not enough. It is not easy to get jobs that pay well. If you have not chosen the correct courses after completing B.Com it is tough to get into good positions.
This article will allow you to learn more about post-b.com jobs and salaries. A degree will not guarantee you a job after b.com. It is necessary to pursue additional skills or post-graduation professional certificates to ensure a career following the B.Com degree.
There are a variety of career paths for students who have completed an advanced degree such as B.Com However, most students are not aware of the various paths they can pursue to create an influential career. Let us talk about the various possibilities for careers following B.Com that you might look into for a secure career path shortly.
Best Career Opportunities After B.Com
Accounting ERP Software’s
The first thing that typically occurs in the mind of students studying commerce as a potential career is the Accounting ERP software. ERP Software is among the most lucrative career choices after completing B.Com. Unlike an MBA, students can enrol in the Accounting ERP Software course immediately after completing high school.
Accounting ERP Software’s education consists of various options, including SAP FICO, Advanced Excel, Tally with GST & GCC VAT, Peachtree, SAP MM, SAP PP, SAP SD and Quickbooks. Completing these advanced software classes will set your career path. It is undoubtedly one of the top choices for a career following B.Com. The course length is six months. It can get you jobs at multinational corporations like Capgemini, Tech Mahindra, HCL, and Accenture.
Company Secretary (CS)
If you are thinking about what to do next after B.Com, the Company Secretary (CS) is among the numerous vital roles. A CS is accountable for all legal aspect of an organization or company. The Company Secretaries generally handle a company’s tax returns and maintain tax records.
They also provide actionable guidance for the directors’ board and ensure that all legal and statutory requirements are followed. One of the most beneficial programs after B.Com is to become a Secretary of the Company, you need to study corporate law. It is a three-year degree comprised of three phases: Foundation, Intermediate, and Finals.
Master of Commerce (M.Com)
M.Com can be described as the Master’s program in commerce. The degree is two years long and is available through any recognized college or university in India. This program helps you understand the knowledge you acquired as a B.Com student and then apply it in the workplace.
M.Com is a postgraduate qualification in business.
Alongside the field of commerce, this degree concentrates on areas such as accounting and business management, economics, banking and finance, control and finance, as well as taxation, to mention some. M.Com is the best option for students who are looking to make a name for themselves working in business management, the BFSI (Banking Financial Services and Insurance) sector, as well as the tax and accounting sectors.
Chartered Financial Analyst (CFA)
The Chartered Financial Analyst (CFA) is an internationally recognized professional designation provided through CFA Institute. CFA Institute. The typical CFA program lasts 2.5 years. It is designed to assess and verify the expertise and honesty of the financial analyst. CTA is an excellent option for those worried about the future of b.com employment and pay.
The CFA course covers a broad spectrum of topics within the field of sophisticated investment analysis, including economics, statistics as well as probability theory and security analysis, corporate finance and fixed income, financial analysis derivatives, alternative investment, and portfolio management, in addition to other aspects that made this one of the top courses following a B.Com.
To earn the status of a CFA, the candidate must pass a three-tier test. Because CFA is thought of as the most prestigious standard in the field, CFAs are recruited by many prominent players such as JP Morgan, Goldman Sachs, UBS, BlackRock, Morgan Stanley, and Royal Bank of Canada.
Business Accounting and Taxation (BAT)
Are you struggling to decide what to do next after the BCom? Experts have meticulously developed the Business Accounting and Taxation (BAT) Course in the field to train candidates to prepare for accounting jobs. It is a great career choice for B.Com graduates. In this course, you will not only be involved in practical and experiential learning but also acquire several of the demanded tools in the tax and accounting industry. It is among the top courses you can take after b.com.
The modules for learning in the course comprise financial reporting with ERP software, the finalization of financial reports, goods and services tax (GST) direct taxation, and payroll components ESIC, Excel, and MIS reporting. After completing this training, you can select from a wide range of promising career paths, including tax consultant, corporate legal assistant, financial manager, account executive, and tax analyst, to mention just a few.
Certified Management Accountant (CMA)
CMA is the right choice to consider the possibility of a career following a BCOM in the foreign market. Through this course, you must pass two examinations and a period of work experience of two years.
The Certified Management Accountant (CMA) is yet another internationally recognized professional certification issued by the Institute of Management Accountants in the USA. It is focused on two areas that are management accounting and financial management.
If you have this certification, you have the skills and knowledge in analysis, financial planning control, decision support, and ethics in professional practice. To become a CMA-certified professional, you must pass two tests and work for two years.
Once you have earned the CMA certification, you will be able to get jobs in companies of all sizes and across all sectors. CFA-certified professionals are always sought-after, from private and public companies and non-profit organizations to universities, government organizations (USA), and MNCs.
US Certified Public Accounting (CPA)
A more prestigious professional designation globally recognized in this list would be Certified Public Accountant. It is provided through The American Institute of Certified Public Accountants (AICPA). It is one of the top courses available after b.com.
For this course to be taken, you need to thoroughly understand the generally recognized accounting standards (GAAP). To be eligible for the CPA license, it is necessary to demonstrate a solid understanding of accounting, have a long training (at least 150 hours), and take a rigorous four-part test.
CPAs are accountable for preparing financial statements audits and other attestation solutions to help investors understand the financial condition of businesses and businesses. Additionally, they provide guidance on taxation and financial planning for corporate and private individuals. Their main objective is the provision of financial reports and advice to help facilitate informed decision-making and the growth of financial assets.
Financial Risk Manager (FRM)
For an accredited degree in finance or banking, FRM is an excellent alternative.
The title of the title Financial Risk Manager (FRM) is provided by the Global Association of Risk Professionals (GARP(r)). It is the highest standard in the risk and financial management field. If you get this certification, you can demonstrate a thorough knowledge of the concepts of risk management in the current financial market. This is a reasonably short-term course lasting nine months.
To be a certified professional with FRM certification to become a GARP-certified professional, you must complete the GARP FRM Program. Exams usually occur in two stages in May and November, and FRM is among the most popular courses following b.com.
The primary task is to spot and assess threats to the company’s assets, its earning capacity, and effectiveness or performance in the marketplace. Financial Risk Managers may be employed in sales and private banking, credit/market risk, loan origination trading, marketing, and financial services.
Certified Financial Planner
CFP is among the most sought-after courses following BCom. It lasts for six months and provides opportunities as a financial advisor and insurance specialist for those who have completed the course. Certified financial planners can provide services to clients who are experts in topics such as investment plans, insurance choices, taxes, and customized financial advice.
The CFP certification signifies the recognition of your expertise in areas such as tax planning, financial planning, estate planning, insurance, and retirement. To be eligible for this certification, you must fulfill the four formal qualifications requirements, performance on the CFP test and relevant work experience, and a demonstrated commitment to professional ethics.
Certificate in Investment Banking (CIB)
To obtain a certificate for investment banking, you will need to go through CIB training for six weeks. An investment banker job is among the most lucrative job options following b.com. The salary average for this program is extremely impressive. Your job is to give your clients the expertise you have in raising capital through the sale of equity and issuing loans in the business.
The Certified in Investment Banking (CIB) is a challenging examination designed to test your knowledge, understanding, and abilities in the field of investment banking. The CIB course is typically six months long. It examines your ability to develop an organized and strategic plan to evaluate the value of both listed and unlisted businesses within mergers, acquisitions, LBOs, IPOs, corporate restructuring and actions, financial statement analysis, and other important financial decisions.
When you have completed the CIB training, you will be able to make a name for yourself in private equity, investment banking research, hedge funds, equity research, and Private wealth management, as well as strategic corporate financing.
Conclusion
The above mentioned are a listing of some excellent career options you can pursue after B.Com. We hope this list will help solve your query “What to do after B.Com?” and gain clarity about your career options after B.Com job opportunities and salary information. You can decide on your interests in a career based on the one that you wish to pursue after graduation
For the young minds looking for a job after completing B.Com, you need to be aware of the duration of time you have to invest, the difficulty level, as well as the cost of the course before choosing which job after B.Com you would like to take on. One of the most popular courses after B.Com will result in a successful job, so you can quickly begin your journey into the business world.
Of all the career choices, the most effective is to master ERP software as it can be done in 6 months. This will allow you to find jobs with MNC and SME Companies.
