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Jagpreet
12 September, 2024
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Have you completed your BCom and are at a crossroads in figuring out the career path ahead? Now that you have reached a milestone, here comes the most challenging part – finding out the best course after BCom to widen your career prospects. 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. Well, we are here to introduce you all to BCom and its successful career. Check out the latest 12 top courses you can do to elevate your professional life. You can earn from INR 5 Lakh per annum to 20 Lakh per annum.
Enhanced Career Prospects: The right course opens doors to various career paths, allowing you to choose your desired field. You can either choose to streamline your career with a specialisation or widen your knowledge in the overall commerce field.
Skill Enhancement and Diversification: A wise course choice builds specialised skills that boost your employability and competitiveness.
Become a Competitive Expert: Picking the right course keeps you in tune with current industry trends and demands.
Expand Your Professional Network: The right course connects you with professionals, providing valuable networking opportunities.
Job Satisfaction: Choosing a course that aligns with your interests leads to greater job satisfaction and motivation.
Increase Your Earning Potential: If you earn a higher degree, it adds value to your resume, thereby boosting your earning potential.
| Sl# | Course | Top Hiring Companies | Average Salary |
| 1 | Master of Commerce (MCom) | Infosys, TCS, Wipro | INR 3.26 LPA |
| 2 | Chartered Accountancy (CA) | Deloitte, KPMG, EY, PwC | INR 10.9LPA |
| 3 | Master of Business Administration (MBA) | Tata, Reliance, Amazon | INR 8..0 LPA |
| 4 | Company Secretary (CS) | Hindustan Unilever, Tata, ICICI Bank | INR 9.2 LPA |
| 5 | Chartered Financial Analyst (CFA) | Goldman Sachs, Morgan Stanley | INR 9.0 LPA |
| 6 | Association of Chartered Certified Accountants (ACCA) | EY, Deloitte, PwC, KPMG | INR 5 – 11 LPA |
| 7 | Certificate in Investment Banking (CIB) | Goldman Sachs, J.P. Morgan | INR 18.0 LPA |
| 8 | Data Science Certification | Google, Amazon, Microsoft | INR 14.6 LPA |
| 9 | Certified Management Accountant (CMA) | IBM, Dell, Accenture | INR 6.5 LPA |
| 10 | Financial Modelling (FM) | Clearwater Analytics, Accenture | INR 5.0 LPA |
| 11 | Digital Marketing (DM) | Google, Amazon, IBM | INR 4.9 LPA |
| 12 | Bachelor of Education | Any educational institution | INR 3.1 LPA |
The most obvious course choice after finishing BCom is MCom. This postgraduate degree programme provides more insightful information on 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 experiences 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 3.26 LPA
Top Hiring Companies:
Infosys, TCS, Wipro
Job Opportunities after MCom:
Accountant
Cashier
Business Consultant
Senior Account Executive
Corporate Analyst
Eligibility for M.Com:
You need a bachelor’s degree in Commerce (like BCom or BCom (Hons)) from a recognised university, with at least 65-70% marks.
You should have studied Mathematics at 10+2 level and might need to pass an MCom entrance test (depending on the college and study mode).
You must have scored a minimum 50% score in Class 12th.
Top Colleges Offering Online/Distance MCom:
Lovely Professional University
Chandigarh University
Online Manipal
Amity Online
Jain Online
Bharathiar University
Amrita Vishwa Vidyapeetham
Related: Online MCom Course: Highlights, Details, Fee, Score and More
Chartered Accountancy is a professional degree programme which is counted among the most meticulous courses in India. After completing BCom, a CA can be the best career option for you as the course helps you consolidate 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 10.9 LPA
Top Hiring Companies:
Deloitte, KPMG, EY, PwC
Job Opportunities after CA:
Internal Auditor
Taxation Expert
Chief Accountant
Chief Financial Officer
Advisor to the Government
Eligibility for CA:
You must have completed 10+2 or equivalent.
You must pass the CA Foundation to start the CA journey.
You need to clear three stages: CA Foundation, CA Intermediate, and CA Final.
You must complete a mandatory 3-year article training with a registered CA firm.
If you are pursuing a CA after graduation, you need to score a minimum of 55% marks in commerce graduation.
Conducting Body for CA Course:
The Institute of Chartered Accountants of India
An MBA is India’s most sought-after postgraduate degree, and it 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 using projects and case studies. After the MBA, you can land a lucrative opportunity in any industry of your choice. Most companies prefer an MBA graduate for their top management positions regardless of the domain.
Average Salary after MBA:
INR 8+ LPA
Top Hiring Companies:
Tata, Reliance, Amazon, Flipkart
Job Opportunities after MBA:
HR Manager
Sales Manager
Business Analyst
Operations Manager
Chief Technology Officer
Business Consultant
Eligibility for MBA:
You must have completed your undergraduate from a recognised university in any field.
At least 50% minimum marks are required in your bachelor’s.
You are required to pass entrance tests like CAT, GMAT, or XAT. If you go for an online MBA programme, entrance exam scores are not mandatory.
Professional experience is preferred for some programmes specifically designed for working executives which is typically 2-5 years.
For international programmes, exams like TOEFL or IELTS may be needed.
Top Colleges Offering Online MBA Courses:
Dr. D.Y. Patil Vidyapeeth
Bharathi Vidyapeeth Deemed to be University
OP Jindal Global University
Related: MBA After BCom? Job Roles with Salaries
The Company Secretary course is another marvellous career option that you can pursue after BCom. 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 9.2 LPA
Top Hiring Companies:
Hindustan Unilever, Tata, ICICI Bank
Job Opportunities after CS
Company Registrar
Corporate Policymaker
Legal Advisor
Corporate Planner
Principal Secretary
Chief Administrative Officer
Managing Director
Eligibility for CS:
You must pass 10+2 or its equivalent to start the CS Foundation course.
You must complete three stages of the course: CS Foundation, CS Executive, and CS Professional.
If you are already a graduate, you can skip the CS Foundation step.
After passing the CS Professional exam, you have to complete a practical training programme.
Conducting Body for Company Secretary Course:
Institute of Company Secretaries of India
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 9 LPA
Top Hiring Companies:
Goldman Sachs, Morgan Stanley, J.P. Morgan, etc
Job Opportunities after CFA
Asset Manager
Risk Consultant
Financial Analyst
Equity Research Analysis
Associate Analyst
Portfolio Manager
Eligibility for CFA:
You need a bachelor’s degree or equivalent to enrol in the programme.
Typically, four years of professional work experience or a combination of education and work experience is required to obtain the CFA charter.
You must pass three levels of exams conducted by the CFA: Level I, Level II, and Level III.
Conducting Body for CFA Course:
Institute of Company Secretaries of India (ICSI)
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 to finish 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 5 to 11 LPA
Top Hiring Companies:
EY, Deloitte, PwC, KPMG, etc.
Job Opportunities after ACCA:
Tax Manager
Financial Accountant
Forensic Accountant
Auditor
Financial Manager
Management Accountant
Financial Controller
Corporate Treasurer
Chief Financial Officer (CFO)
Eligibility for ACCA:
You need a 10+2 qualification with five subjects, including Mathematics or Accounts and English.
You should have at least 65% in Mathematics or Accounting, and at least 50% in other subjects.
You must be at least 18 years old to enrol in the ACCA programme.
Those who have professional qualifications like CA, CMA, or MBA, may be exempted from a few ACCA exams.
Top Colleges Offering ACCA-Accredited Programmes:
Chandigarh University Online (MCom with ACCA)
Jain University Online (MCom with ACCA)
Amrita Vishwa Vidyapeetham (BCom with ACCA Accreditation)
Investment Banking is considered to be one of the highest-paying jobs in the world. Therefore, going for a world-recognised certification course in Investment Banking after BCom can do wonders for your career. There are many institutions and online platforms offering certificates in investment banking which span for 6-12 months.
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 18 LPA
Top Hiring Companies:
Goldman Sachs, Morgan Stanley, J.P. Morgan, etc.
Job Opportunities after CIB:
Investment Banker
Portfolio Manager
Private Wealth Manager
Investment Consultant
Eligibility for CIB:
You need an undergraduate degree in finance, commerce, or a related field.
You typically need at least 50% marks in your bachelor’s degree.
You might need relevant work experience at some institutions, though it’s not always required.
Top Institutions Offering Certificates in Investment Banking:
IIM Ranchi
Coursera
Udemy
TCS ion
Data Science is among the rapidly emerging field which has promising career opportunities for skilled professionals. As a BCom graduate, the course can help you develop core competencies to excel in the fields of business analysis and data analysis, thereby, diversifying your skills.
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. Therefore, it is the right time to enrol in data science certification if you have the knack for it.
Average Salary after Data Science Certification:
INR 14.6 LPA
Top Hiring Companies:
Google, Amazon, Microsoft, Facebook, etc.
Job Opportunities after Data Science Certification:
Data Engineer
Data Analyst
Machine Learning Engineer
Investigations & Data Journalism
Data Warehouse Architect
Eligibility for Data Science Certification:
You must have a degree in a relevant field, like Computer Science, Mathematics, or Statistics.
Basic skills in programming languages such as Python or R may be preferred.
You should have an idea of data analysis and statistical concepts.
Best Platforms Offering Data Science Certification:
Coursera
IBM
Udemy
SWAYAM
The Certified Management Accountant course is offered by the Institute of Management Accountants. The programme would equip you 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 an exam in two parts. It consists of topics related to 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
Top Hiring Companies:
IBM, Dell, Accenture, Genpact, etc
Job Opportunities after CMA:
Chief Financial Officer
Management Accountant
Cost Accountant
Financial Analyst
Financial Risk Manager
Financial Controller
Eligibility for CMA:
You must have completed a bachelor’s degree from a recognised university or received IMA-approved professional certification.
At least 2 years in management accounting or financial management is required.
Most importantly, you need to pass the two-part CMA exam.
First, join as a member then as a CMA candidate
Institution Offering the Certified Management Accountant Course:
Institute of Management Accountants (IMA)
With the high internet penetration, there is a huge amount of data which has the potential to change the business landscape. Such growth in the analytics sectors makes the Financial Modelling Analyst course an excellent option after BCom if you are interested in finance and technology. It teaches you how to work with financial data and acquire essential skills and knowledge of tools. The programme includes key financial concepts, data tools, techniques, and data interpretation, making it ideal for those who want to explore the future of finance.
Average Salary:
INR 5 LPA
Top Hiring Companies:
Clearwater Analytics, KPMG, Accenture, Deloitte, etc.
Job Opportunities after Financial Analytics:
Financial Data Analyst
Financial Analyst Data Engineer
Financial Data Specialist
Financial Data Consultant
Eligibility for Financial Analytics:
You need a bachelor’s degree, typically in commerce, finance, or a related field.
You should have a basic understanding of languages like Python or R are helpful.
A strong understanding of data analysis and financial concepts is required.
If you are ready to do something out of the box and are someone who loves challenges, pursuing a digital marketing-related course is a beneficial option. It teaches you how to focus on developing innovative online marketing campaigns for brands, products, and services. You will be covering different topics such as website development, marketing strategies, and optimisation.
You can choose to go for a two-year master’s programme, a diploma course or even a certificate course depending upon your individual needs.
Average Salary:
INR 4.9 LPA
Top Hiring Companies:
Bank of America, Tech Mahindra, Tata Consultancy Services, Google, Amazon, IBM, etc.
Job Opportunities in Digital Marketing:
Social Media Marketer
Content Marketer
Search Engine Marketer
PPC Specialist
Digital Marketing Manager
Eligibility for Digital Marketing Certification:
You should have a degree in any discipline from a recognised university
You should have good knowledge of the latest digital trends.
Teaching is one of the evergreen fields with a constant demand for trained professionals in various domains. If teaching is your passion or something you are good at, then you should go for a B.Ed degree. It is a basic requirement to become a teacher in India. Once you complete this degree, you can teach at any educational institution as a commerce or related teacher.
Average Salary:
INR 3.1 LPA
Top Hiring Companies:
Any high school in your region, government school or at a college.
Eligibility for Bachelor of Education (B.Ed):
You need a BCom or similar degree in finance or business or any stream.
A minimum of 50% marks are required.
An already employed teaching professional is also eligible for this programme.
Work experience is not mandatory but can be preferred by some institutions.
Top Institutions Offering B.Ed Programme:
IGNOU
Netaji Subhas Open University
Dr. Babasaheb Ambedkar Open University
Identify Interests: Choose based on what you enjoy.
Research Careers: Look into job prospects.
Consider Further Studies: Ensure it aligns with advanced degrees.
Stay Updated: Choose a course reflecting current industry trends.
Seek Guidance: Get advice from professionals or mentors.
Review Course Content: Check syllabus relevance.
Location and Flexibility: Consider practical aspects.
Budget and Scholarships: Ensure affordability and financial support options.
Choosing the right course after BCom can significantly impact your career trajectory. Take time to assess your strengths, explore your interests, and align your goals with the skills the industry demands. Whichever path you choose, remember that continuous learning is key to staying ahead in today’s competitive job market.
After completing your B.Com degree you can go for many different job roles, you can work as a financial analyst, budget analyst, investment banker, high school teacher, certified accountant, financial planner, etc. The salary package for all these job roles will be different and will depend on your skill set. However, the average salary package of these jobs ranges between INR 5 LPA to 15 LPA.
Yes, you can work in an IT company, you can work as a data analyst, business analyst, and project manager as well. However, some companies may look for a candidate with formal certification in this area or previous experience.
One of the highest-paid jobs in commerce is Investment Banker and Chartered Accountant. The average salary starts from INR 17 Lakhs to 20 Lakhs.
It is not mandatory to go for a professional degree after BCom however a certification and a master’s degree or any professional course can add value to your skills and CV. This can help you to get selected in one of the top companies around the globe.
