Top 10 Career Options for Commerce Graduates in 2024

Have you recently graduated with a Bachelor of Commerce and are wondering what to do next? As per the AISHE Report 2021-22, around 43 lakh students enrol to pursue BCom annually in India. No wonder the career opportunities for BCom graduates are vast and promising. With a solid knowledge of commerce and business principles, you can explore diverse paths in finance, accounting, marketing, and management.

However, with so many career options available, one might be confused about which to choose. In this blog, we will discuss the career scope for BCom graduates in 2024, the potential job roles, and their salaries. Let’s dig into a list of high-demand career opportunities for BCom graduates to help you effectively leverage your degree and skills.

Career Scope After Earning a BCom Degree

Where engineering and medicine are the careers most students opt for,  most of you must be facing the dilemma of accepting BCom as a legitimate degree course.

Well, India’s e-commerce industry is booming, with a market value of 123 billion US dollars in 2024 . Thus, this is the perfect opportunity for BCom graduates to enter this growing field. Remember, in this day and age, BCom is a gratifying career stream. A BCom graduate (fresher)’s average annual annual is between INR 1.8 LPA to INR 2.88 LPA.

BCom graduates can pursue job roles in diverse industries, namely:

• Accounting

• Marketing

• Banking and Insurance

• Statistics

• Finance

• Human Resources (HR)

• Fintech

Also Read: How an Online MCom can Enhance your Skills in Finance and Commerce

In-Demand Career Options for Commerce Graduates in 2024 

Here is the list of the top 10 rewarding career paths you can choose as a BCom graduate.

1. Chartered Accountant 

To become a chartered accountant, you must first qualify for the chartered accountancy exams. The key role of a chartered accountant is to audit clients’ financial records and prepare balance sheets and profit and loss statements. Further, as a chartered accountant, you may also need to manage tax planning and offer financial advice to clients and businesses.

Average salary of a Chartered Accountant : INR 8LPA to 12.6LPA

2. Tax Consultant 

A tax consultant helps individuals and companies determine the best way to pay their taxes. The key responsibilities involve finding discrepancies between the payer’s income and deductions, preparing tax returns, and ensuring timely submission. As a tax consultant, you also review information on wages, salaries, investments and advise on tax-saving strategies. Also, you ensure compliance with current tax laws and regulations.

Average salary of a Tax Consultant:  INR 6LPA to 8LPA

3. Financial Analyst

If you have a keen interest in finance management, then a financial analyst could be the right job for you. The primary role of a financial analyst is to analyse the financial health of a company. This includes determining how well the company is performing as well as inspecting the company’s financial statements. The roles and responsibilities also include conducting market research to forecast business trends and creating financial models to predict outcomes. Companies hire financial analysts so that they can recommend changes to increase the company’s performance and guide them to make the right investments.

Average salary of a Financial Analyst:   INR 4LPA to 9LPA

4. Investment Broker

Do you have a passion for buying and selling of stocks and bonds? If yes, a career as an investment broker could be the right fit for you. An investment broker works for a brokerage firm that assists clients with buying, selling and managing financial instruments such as stocks, bonds and other securities.

An investment broker assists clients with their investment goals and needs and helps them make a profit through security purchases. Building and managing client portfolios is part of an investment broker’s job responsibilities. In addition, an investment broker ensures regulatory compliance in financial transactions.

Average salary of an Investment Broker:  INR 2LPA to INR 8LPA

5. Human Resource Manager

Being an HR Manager requires good communication and management skills. Your key job responsibilities could include hiring, training, and caring for the welfare of employees. HR managers handle employee relations and determine employees’ skills to offer them the best job role they are suited for. You will have to conduct employee training programmes and manage employee benefits and contracts.

Average salary of a Human Resource Manager: INR 5LPA to INR 12.7LPA

6. Business Analyst

Another highly sought-after job role is . A business analyst bridges the gap between business needs and technology by implementing new products, processes, or procedures. Your key role would be to ensure that the new product or service meets all the specifications before the development phase. You must gather data, assess trends, and present recommendations to stakeholders. Furthermore, these professionals also create and update business plans that align with the company’s growth.

Average salary of a Business Analyst is INR 6LPA to INR 12LPA

7. Project Manager 

Did you know that, according to research, India is projected to need approximately 4.1 million new project managers by 2030? Project managers are highly in demand across multiple industries around the globe. Their key responsibility is to manage projects from start to end.

As a project manager , you are expected to oversee tasks, manage team members and complete projects on time within the stipulated budget. Moreover, you are responsible for ensuring that all the necessary resources are in place to complete the project on time.

Average salary of a Project Manager:  INR 8 LPA to INR 23 LPA

8. Brand Manager

With the rise of digital platforms, e-commerce, and social media, the role of a brand manager has become more important in handling an organisation’s reputation. To become a brand manager, you can opt for a related specialisation or major in BCom. A LinkedIn data analysis shows that branding roles have surged by over 33% in recent years, and this upward trend reflects increasing responsibilities on the shoulders.

In this role, you will have to manage online reputation, collaborate with influencers and oversee multi-platform campaigns. Your key responsibilities would include competing with other brands to stand out, drive engagement and customer loyalty. The ultimate goal is to build branding strategies to enhance visibility.

Average salary of a Brand Manager:  INR 7 LPA to INR 21 LPA

9. Supply Chain Analyst 

A Supply Chain Analyst manages the flow of goods and services to optimise logical operations. Their primary goal is to ensure that all the materials required for the business are available for the smooth execution of tasks. They collaborate with vendors, suppliers stakeholders and maintain the material flow to offer high-quality products and services to clients.

Average salary of a Supply Chain Analyst:  INR 5 LPA to INR 10 LPA

10. Marketing Manager

Marketing is undeniably the key to driving business growth. So, the demand for skilled marketing managers is on the rise. As a marketing manager, you are responsible for managing all marketing efforts within the company. This includes developing the right marketing strategies and campaigns and managing marketing budgets and resources. You may also need to collaborate with sales and product teams and measure campaign performance and ROI.

Average salary of a Marketing Manager: INR 8 LPA to INR 20 LPA

Takeaway 

That’s all folks! The commerce stream continues to thrive, with a growing number of students enrolling in BCom. This high demand in commerce offers diverse career opportunities across various fields like finance, management, consulting, marketing, data analytics,  etc. If you too are an aspiring candidate looking to build a rewarding career, now is the time. Explore these options and choose the degree that aligns with your career goals.