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Jagpreet
12 September, 2024
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BCom is a popular undergraduate programme mostly opted by students who want to make a career in commerce or accounting. The course revolves around the fundamental and comprehensive knowledge of subjects like commerce, financing, economics, accountancy, business law and taxation.
Even though earning a BCom degree is an important first step for securing a high-paying job, it is not sufficient. In order to become industry-ready, you must go for a specialised postgraduate degree or a skill-based course to strengthen your knowledge and enhance your skill set.
The big question that appears here is what course should you do after the BCom? Should you pick a course that is relevant to your field or should you go for a generalised degree such as an MBA? The course that you must opt for depends upon a number of factors including your interests and career goals. However, we have curated a list of some of the top courses that you can pursue after BCom to make it easier for you to make the right choice.
| 1. Master of Commerce (MCom) | 6. Association of Chartered Certified Accountants (ACCA) |
| 2. Chartered Accountancy (CA) | 7. Certificate in Investment Banking (CIB) |
| 3. Master of Business Administration (MBA) | 8. Data Science Certification |
| 4. Company Secretary (CS) | 9. Certified Management Accountant (CMA) |
| 5. Chartered Financial Analyst (CFA) |
The most obvious choice after finishing BCom is MCom. This postgraduate degree provides more insightful information of the concepts that you learnt during BCom. Furthermore, you can opt for a specialisation to gain expertise in a certain area of the field.
MCom is a two-year programme that provides hands-on learning experience to students. During the course, students get many opportunities to bring the knowledge they gained in the classroom to use.
Average Salary of MCom Graduates: INR 2.1 LPA
Job Opportunities after MCom
Chartered Accountancy is a professional degree programme which is counted among the most meticulous courses in India. As a BCom graduate, a CA can be the best career option for you as the course helps you in consolidating your stronghold over the areas of accounting, auditing and taxation.
To complete the course, a student has to qualify 3 stages of the CA examination, that is, CA Foundation, CA Intermediate, and CA Final. One gets 5 attempts to qualify these stages. Once you qualify the examination, you can enjoy a rewarding career as Chartered Accountants are in high demand in India as well as abroad. Therefore, the course helps students to grab lucrative packages at top accountancy firms in the country.
Average Salary after CA: INR 6.4 LPA
Job Opportunities after CA
The most-sought after degree in India, an MBA is best suited to BCom graduates. During the BCom, you must have gained extensive knowledge of various core areas of business such as Finance, Commerce, Accounting, etc. This knowledge combined with the insights of the real-time business world that you will gain during the MBA can do wonders for your career.
During the MBA, you will get opportunities to enhance your skill set by means of projects and case studies. After the MBA, you can land a lucrative opportunity in any industry of your choice. Most companies require an MBA for its top management positions.
Average Salary after MBA: INR 2.4 LPA
Job Opportunities after MBA
Related: Can I Do MBA After BCom? Job Roles with Salaries
The Company Secretary course is another marvellous career option for BCom graduates. The course is especially attractive for those candidates who are looking to work in the stock market or asset management. In order to qualify, you will need to crack the CS examination which is very difficult.
However, given the high-income job opportunities that come along, it is completely worth it. As a Company Secretary, you will be an integral part of an organisation and will be responsible for handling all the legal facets of the company.
Average Salary after CS:INR 6.0 LPA
Job Opportunities after CS
If the financial and investment systems peak your interest, then the Certified Financial Analyst course is what you must go for. Just like the CA and CS, in order to qualify CFA, you will need to qualify the CFA exam. The Course covers the basics of business practices, accounting standards and economic policies.
This globally recognised course will help you gain extensive knowledge and skills related to the arena of investment analysis. It will introduce you to advanced concepts of statistics, security analysis, derivatives, probability theory, financial analysis, fixed income, portfolio management, economics, etc.
Average Salary after CF: INR 4.0 LPA
Job Opportunities after CFA
The ACCA is a prestigious organisation that offers professional accountancy programmes to those candidates who want to enter the rewarding field of Chartered Accountancy. It generally takes 3 years for finishing the programme wherein you will be required to pass multiple-level examinations.
During the course, you will hone essential accounting skills such as financial accounting, taxation, management accounting, performance accounting, financial reporting, etc. All of these skills will come in handy when you pursue a career in the accounts sector.
Average Salary after ACCA: INR 12.0 LPA
Job Opportunities after ACCA
Investment Banking is considered to be one of the highest-paying jobs in the world. Therefore, going for a world recognised Certification in Investment Banking after BCom can do wonders for your career.
During the course, you will learn various concepts of the investment world such as Financial Statement Analysis, Corporate Actions and Restructuring, Asset Class Valuations, Listing and FundRaising, Transactions Analysis, Mergers and Acquisitions, Leverage Buyouts (LBO) and IPO.
Average Salary after CIB: INR 15.5 LPA
Job Opportunities after CIB
Data Science is quickly emerging as one of the most promising career fields in the world today. As a BCom graduate, the course can help you develop core competencies to excel in the fields of business analysis and data analysis.
This highly lucrative field is gaining a lot of traction in the digital era and you can easily fetch a high-paying job with the right skill set. As organisations are in continuous need to assess data, the demand of this field will only continue to surge.
Average Salary after Data Science Certification: INR 15.5 LPA
Job Opportunities after Data Science Certification
The Certified Management Accountant course offered by the Institute of Management Accountants. The programme equips students with the requisite knowledge and skills essential for entering the multifaceted fields of financial accounting and strategic management.
In order to complete the course, students have to take a two-part exam which consists of decisions relating to budgeting, planning, forecasting, analytics, external financial reporting, risk management, corporate finance, cost management, performance management, internal controls, financial statement analysis, decision analysis, investment decisions, and professional ethics.
Average Salary after CMA: INR 6.5 LPA
Job Opportunities after CMA
References: The above-mentioned salaries data was collected from AmbitionBox
