6 Career Opportunities To Choose From After B.Com
Gone are the days when you have to fret about which stream you should choose after your high school. Science and technology sound good, it is interesting to a great extent but what would be the world like if we had no CAs, Financial consultants, Marketing Analyst, Bussiness Analyst and so on and so forth.
At the end of the day, almost all the organizations, private or government firms or even hospitals, today are striving for bigger businesses and higher profit margins. Unless you are an NGO or a non-profit based organization, you will always want yourself to grow in terms of money, resources, network and expand your enterprise.
Even the old age man knew the importance of the barter system, which was nothing but trading. Having said all these, we should very much appreciate the study of commerce, which has given the world a way to deal with everything in the most justified and calculative way.
So if you are at the stage of your life when you have to choose one from the roads like science, commerce, arts ahead of you, his piece of information may be of value.
From all the option above, commerce has its own importance. The study of commerce is very much in demand as well as is exciting. And with so many opportunities in the market today, you can do a lot more than you think of by taking up commerce as your field.
#1. CA (Chartered Accountant)
Aspiring to become a Chartered Accountant is one of the most common careers that many commerce student dream of. And why not?
CA is the 2nd best course in the world!
CA exams are conducted by Institute of Chartered Accountants (ICAI) and are one of the toughest in the country to crack. A student has to clear three examinations. They are CPT, IPCC and Final CA.
After your graduation in commerce, you are eligible to directly appear for IPCC which consists of two groups. Post clearing one of the groups, you will be required to register for articles with experienced CA’s for a period of two and a half years. After you clear both groups of IPCC and successfully complete your articles you can then appear for Final CA. Final CA again has two groups to be cleared. Once you clear both the groups, you can proudly affix the words CA before your name.
But why CA, you might think.
Becoming a CA brings immense gravity to your personality as you are an expert in fields like auditing, accounting, and taxation. You will be responsible for a corporate and management caretaker and considering the current surge in popularity of CA professionals, you will be in high demand not only in India but also abroad. You as a CA professional, are the only person responsible for companies’ audit in India. Hence, becoming a CA makes you reach a very responsible position along with a lot of respect.
#2. CS (Company Secretary)
Another hot favorite option after B.com is considered as CS. Those who would like to join the Course after passing the graduation have to undergo two stages of the Company Secretaryship i.e.
Executive Programme - Executive Programme can be pursued by a Graduate of all streams except Fine Arts.
Professional Programme - Professional Programme can be pursued only after clearing the Executive Programme of CS Course
CS programme is entirely a different course than CA or ICWAI as it’s more about the legal aspect of business and qualitative analyses. Moreover, you need to be on your toes to suggest the paths to the board of directors of the company. You may also be asked to join as an Executive Secretary to MD or CEO. It has been observed that the opportunities for the Company Secretary course have immense growth potential.
The statistics state that currently there is a demand of approximately 7,000 company secretaries in India! Also, as per the Companies Act 2013, every listed company should have a full-time CS. Now, in India, there are approximately 10 lakh companies, from which nearly one lakh are private limited ones but 7,000 from them are listed in the stock market. So you can imagine that about 1,000 of these 7,000 firms are required to employ these professionals.
Lastly talking about Company Secretary, I'm sure, you'll want to read this Story - How A Company Secretary Became An Independent Makeup Artist
Can you imagine life without a bank or can you imagine your world without your banking executive? No, right? Well, these people help us with managing our savings, finances, loans, credit cards, investments and everything related to it.
B.com graduates can very well excel in the sphere and it should be on your radar. It is so because, by opting for a banking career, you take your first step towards understanding the global economy, discovering the challenges of a dynamic marketplace and identifying yourself with a career that will provide you with tremendous opportunities, both within the country and abroad. It is said that as a banking professional you can’t think of another job where you would feel so directly connected with everything that’s going on in the world.
Just in case if you are looking for A Detailed Breakdown How To Prepare For Bank Exams, we've got you covered.
#4. MBA (Finance)
Wait! Is MBA a good option after BCom?
Pursuing MBA is almost every student's dream. But mind you, a good career in MBA totally depends on the credibility of the institute. For instance, if you are an IIM student then you should not worry much about your success rate but if you are doing MBA from an ordinary institute things might not turn out very favorable for you. In order to get into the top-notch college, you should score exceptionally well in your CAT or any equivalent MBA entrance exams. MBA, as we all know, is a two-year program on completion of which you may see yourself serving in the financial service sector.
(Here are few Best MBA colleges in India)
Why MBA Finance? Because Finance is very vast and it covers a lot in it. Also, accounting is just one part of it. What all you may study in your tenure in MBA may be as follows,
- Corporate Finance
- Financial Decision Making
- Financial Markets
- Investment Management
- Financial Management- an advanced course and the capstone course in Finance.
- Business Income Taxation
- Financial Statement Analysis
- International Finance
- International Banking
#5. Legal Advisor/Attorney
A law degree has a great career scope, however, in order to gain experience in this strata, you may want to first understand the profession and skills required to become a lawyer.
And the good news is, you can pursue a career in law even after B.Com. The general requirement for pursuing LL.B is that you have to first get 50% in graduation degree and you might have to clear some entrance test.
Post the liberalization of India’s economy, there is a huge demand for highly skilled lawyers in India. Lawyers who are adept in the areas of mergers and acquisitions, banking and finance, infrastructure contracts, debt restructuring, FEMA regulations, IPRs, corporate governance, private equity deals, WTO law etc will always be in demand both in international as well as domestic firms.
Your area will also encompass Civil and Judicial services in your respective States, IAS Services, JAGS, services in Army, Corporate Lawyer, Legal Advisors in MNC’s and Company’s, Legal Processing outsourcing, Practice in Criminal, Civil or Income Tax as an Advisor.
You can also become :-
- 1.Human Resource Manager
- 2.Business Consultant
- 3.Management Accountant
- 5.Attorney General
- 6.Law Reporter
- 7.Deputy Legal Advisor
- 8.Assistant Advisor
- 9.Law Officer
- 10.Public Prosecutor
#6. Business Analyst
Business Analyst is one of the highest paying profiles in the field of management in today's date. With the growing popularity and usage of data science, some of the top consultancies in the country are hiring many candidates for business analyst profiles.
Analytics in business has an exponential growth with more and more data being available in digital form. Hence the business needs smarter and faster, data based decisions.
In order to excel as a business analyst, you should have the following attributes,
- Problem-solving skills
- Good communication skills
- The ability to do detailed research
- The ability to interpret upcoming business trends.
- Understanding technology and core business.
Apart from the above-mentioned courses, there are several other options that you can choose after your bachelor's degree in commerce.
Do let us know in the comments below if you have any different plans after b.com.
J*****Hi, I have completed m.com...now want to do something from home; as mother of a toddler..suggest plz..
S*****Pls wat can I do I have too babies.i m busy in my life in 5 yrs.. after 5 yr I can do any thing...
N*****Tell me a after b.com job opportunity