“What to do after B.Com?”
“Best courses after B.Com?”
The first thought which comes to the mind of a commerce student when he/she passes his 12th grade is which career or degree should he/she choose. Bachelor of commerce or B.Com is among the most popular graduation courses that students take after completing schooling in Commerce stream. Nowadays, getting a B.Com degree is compulsory for a commerce student, but it is not enough to get high paying jobs for B.com. student. One has to take up post-graduation or any professional degree to have a well-established career after a B.Com degree. Here are some of the best professional courses and career options after B.com you could go for after your graduation and make yourself compatible to get a job in a well-established company or to be able to start your own firm.
Best Career Opportunity After B.Com
Chartered Accountancy :
The course that generally comes to a commerce student’s mind as a career option is Chartered Accountancy [CA]. It is considered as one of the best career options after B.Com. The students can enroll for the CA course right after completing their 10+2. CA comprises three stages, namely CA foundation level, Intermediate level, and CA Finals.
There are two routes through which you can do your chartered accountancy course i.e. direct entry or indirect entry. In the indirect entry route of the CA course, you need to enroll for the CA foundation and must clear this level to be able to appear for the CA intermediate level. In the direct entry route of the CA course, you don’t need to appear and pass the CA Foundation level but you must have passed your graduation degree with an articleship in a CA firm for 9 months.
After appearing for and passing CA finals, you can get appointed in various organizations. You can also open your own CA firm and start practicing your degree. Thus, it is considered as one of the best courses after B.Com. The average salary of Chartered Accountants is Rs. 7.36 LPA in India.
Company Secretary (CS):
If you are thinking about what to do after B.com, Company Secretary (CS) is another option that is one of the many pivotal job roles in an organization. Company Secretary is responsible for managing all the legal aspects of a company or organization. Company Secretaries ensure that all the legal and statutory regulations are met. They take care of a company’s tax returns, maintain tax records, offer actionable advice to the board of directors, etc.
To be a Company Secretary, you must have a thorough knowledge of corporate law. This degree also comprises three stages – CS Foundation, CS Intermediate, and CS Finals. The salary of Company Secretaries in India ranges between Rs 4 – 10 LPA.
Certificate in Investment Banking (CIB)
The investment banker position is also one of the best career options after B.com. To get a certificate in investment banking, you’ll need to take the CIB course for six months. The role of an investment banker is to help his clients with his expertise in raising capital by selling equities and issuing debts in the company. It is one of the most elite jobs.
The Certificate in Investment Banking also known as CIB is an intensive global certification exam specially designed to evaluate your understanding, knowledge, and skills in investment banking. The CIB program is usually six-months long, and it aims at testing your ability to create a systematic and strategic approach in determining the valuation for both listed as well as unlisted companies in the context of Mergers and Acquisitions, Leveraged buyouts [LBOs], Initial Public Offers, corporate restructuring, financial statement analysis, and other crucial investment decisions.
After completing the investment banker course, you can build a career in investment banking, private equity, equity research, hedge funds, asset management, private wealth management, and corporate finance and strategy. The average salary for Investment Bankers in India is Rs. 9.6 Lakhs per annum.
Masters of Business Administration (MBA):
The most heard career option from a commerce student is MBA. There is always someone in your friend circle who wants to pursue an MBA. A good career in MBA mostly depends on the credibility and reputation of the institute it is pursued at. If you are an IIM (Indian Institute of Management) student, then success will follow you to your doorsteps but doing MBA from a less renowned institute, might not add much value to your resume. The first step for MBA is to qualify the CAT (Common Admission Test) exam. Your CAT scores determine your eligibility to get admission to almost all the top MBA institutes.
Eligibility: Undergraduate and above.
Duration of course: 2 years.
Top employers: Amazon, JP Morgan, Microsoft, Tata Consultancy Services, Wipro, Reliance, etc.
Avg. salary range: 6-10 LPA
Most Indian parents want their kids to get a secured government job so that they can settle early in life. Government Jobs are known to be the safest as they offer security to the jobholders. Government offers various benefits to the government employees.
We recently faced the havoc of a worldwide pandemic where everyone was locked down at their homes. Everyone was worried about earning their livelihood. Even in such unfavorable circumstances, the government employees were working from home and getting paid. The best options available are described below:
SSC CGL (COMBINED GRADUATE LEVEL)
The Combined graduate level exam [CGL] conducted by the Staff Selection Commission is the most sought after competitive government exam in India. It’s also considered as a backup option by the students preparing for UPSC in case they fail to clear the examination. SSC CGL is conducted to fill group ‘b’ and group ‘c’ vacancies in various departments and ministries of the central government.
- Eligibility – The candidate must have done a Bachelor’s degree in any discipline. Also, there’s a maximum age limit depending upon the type of designation or post.
- Posts and designations– Assistant officer, Income tax Inspector, Sub Inspector (CBI), Assistant Audit officer, etc.
- Ministries and Departments – Central Board of Direct Taxes [CBDT], Central Bureau of Investigation [CBI], Comptroller and Auditor General [CAG], Ministry of Railway, Ministry of external affairs, etc.
- Salaries – The salary ranges from 30,000 to 60,000 depending upon the type of post or designation you have got.
To view complete details regarding Salaries, Eligibility, Age limit, you may visit the official website of the Staff Selection Commission.
IBPS PO (BANK PROBATIONARY OFFICER)
IBPS PO a combined entrance exam conducted by the Institute of Banking and Personnel Selection to fill Manager Scale I vacancies in 20+ nationalized banks.
- Eligibility – The candidates must hold a Bachelor’s degree from a recognized university and the age of the candidate must be between 21 to 30 years.
- Posts – Assistant Manager or Deputy Manager.
- Recruiting Banks – Allahabad Bank, Punjab National Bank, Oriental Bank of Commerce, State Bank of India, Bank of Baroda, etc.
- Job Profile – The work of a PO revolves around sanction and processing of loans, customer grievance handling, revenue budgeting, etc.
- Salary – Rs. 40,000 (Approx.) including basic pay, Dearness Allowance, House Rent Allowance, etc.
To view complete details regarding Salaries, Eligibility, Age limit, you may visit the official website of IBPS.