The most crucial step towards a career is choosing the best course after B.Com. Commerce students have various career opportunities after graduation, ranging from advanced academic programs like M.Com and MBA to professional certifications like CA, CFA, and CMA. The courses enhance skills with industry-relevant knowledge and a variety of jobs. In this article, we’ll discuss the best career options for commerce students and how you can make an informed choice based on your goals.
Career Options for Commerce Students
Commerce students enjoy the versatility that comes with career opportunities. Whether it is finance, management, law, or entrepreneurship, there’s something there for everyone. Below, we plunge into some of the best career options available for commerce students once they graduate and complete 12th.
Bachelor of Commerce
The B.Com is an undergraduate three-year course. It is an education program about commerce, banking, and finance. After completing the course, students can get a job in banks and financial institutions. A higher study base for an MBA or CA will be built with such education. Therefore, B.Com would be ideal for any commerce student aiming for a bright career in finance.
- Salary: ₹3 to ₹5 LPA.
- Job Opportunities: Accountant, Banking Executive, Financial Analyst, Tax Consultant, Auditor.
Bachelor of Business Administration
The BBA course is a three-year undergraduate degree. It helps students learn business management, marketing, and finance. This course prepares students for jobs such as manager, marketing executive, or HR officer. BBA also prepares a strong base for higher studies like MBA. Therefore, it’s an excellent option for students seeking a business career.
- Salary: ₹3 to ₹5 LPA.
- Job Opportunities: Business Development Executive, Marketing Executive, HR Manager, Operations Manager, Financial Analyst.
Bachelor of Economics
It is a three-year undergraduate course: Bachelor of Economics. It aids in understanding economics, data analysis, and financial systems concepts. This is one of the most suitable courses for those with skills in logic and mathematics. They can work with the government, financial institutions, large corporations, or consultancies. It also makes a strong basis for further study or a career in economics or finance.
- Salary: ₹3 to ₹5 LPA.
- Job Opportunities: Economist, Data Analyst, Financial Consultant, Policy Advisor, Market Research Analyst.
Career Options for Commerce Students With Math
Commerce students with mathematics have a vast scope in finance, accounting, and risk management. Professional courses such as CA, CFA, ACCA, CMA, and FRM provide globally recognized qualifications, high salaries, and diverse opportunities in top industries. They are, therefore, best suited for students who seek rewarding careers.
Chartered Accountancy (CA)
The Chartered Accountancy (CA) course is the professional accounting, auditing, and taxation qualification offered by institutes such as ICAI in India. The three-tier entry level includes Foundation, Intermediate, and Final. CA produces mastery in financial management, tax laws, and corporate auditing, securing demand positions in finance and business. It is highly acclaimed for its rigour and career opportunities.
- Salary Potential: ₹8-12 lakhs per annum.
- Career Opportunities: Chartered Accountant, Auditor, Tax Consultant.
Chartered Financial Analyst (CFA)
This CFA course concerns investment management, financial analysis, and portfolio management. The three levels are designed to prepare its students for professions in finance, which could include being an analyst or a portfolio manager. The CFA course is recognized and valued worldwide by employers in banks, investments, and corporate finance. It is best suited for a student seeking to build a solid foundation for their career in finance and investments.
- Salary: ₹10-15 lakhs per annum.
- Career Opportunities: Financial Analyst, Portfolio Manager, Risk Analyst.
ACCA (Association of Chartered Certified Accountants)
The ACCA course provides international qualifications in accounting and finance. It equips the students with financial management, auditing, and taxation skills. It prepares students for global career opportunities through 13 papers divided into three levels. The course provides practical knowledge that is recognized across the globe and is ideal for those looking to work in finance or accounting roles.
- Salary: ₹6-10 lakhs per annum.
- Career Opportunities: Auditor, Financial Consultant, International Accountant.
Certified Management Accountant (CMA)
CMA US is ideal for students interested in building a career in cost accounting, strategic management, and performance evaluation. This globally recognized certification helps you gain skills in financial planning and decision-making. It boosts your career prospects by preparing you to take key roles in accounting and management with the world’s top organizations.
- Salary: ₹7-12 lakhs per annum.
- Career Opportunities: Management Accountant, Financial Controller, Cost Manager.
Financial Risk Management (FRM)
Financial Risk Management, or FRM, is an international certification that prepares an individual interested in risk analysis, assessment, and mitigation. You will gain these skills as required to master finance risk management practices. Upon training, you get ready for in-demand jobs managing risks within those organizations that want to work closely with global establishments.
- Salary Potential: ₹10-18 lakhs per annum.
- Career Opportunities: Risk Analyst, Credit Risk Manager, Operational Risk Manager.
Career Options For Commerce Students Without Math
Commerce students who lack math skills have other options like digital marketing, law, relationship management, and entrepreneurship. They are highly diversified with growth prospects and help the students survive the industry’s intense competition in online branding, legal consultancy, business development, and self-owned ventures. Such options ensure high salary packages and sustainable careers.
Digital Marketing Certification
A Digital Marketing Certification is precisely what a person looking to build a career in online branding and advertising needs. This high-demand program teaches SEO, social media marketing, and advertising strategies. It helps prepare you for exciting roles in the fast-growing digital world, assisting businesses in growing their online presence.
- Salary Potential: ₹4-8 lakhs per annum.
- Career Opportunities: Digital Marketing Specialist, SEO Analyst, Content Strategist.
LLB (Bachelor of Law)
LLB, or Bachelor of Laws, is a good option for students who have completed B.Com if they are interested in Corporate, Taxation, or Business Law. It primarily enables specialization in the legal aspects of commerce and additional expertise in commercial and finance-related laws. It prepares one for legal consultancy, corporate law, or compliance careers.
- Salary: ₹4-8 lakhs per annum.
- Job Opportunities: Corporate Lawyer, Legal Advisor, Tax Consultant.
Relationship Manager
A Relationship Manager builds and maintains relationships with customers. They address client queries, resolve customer complaints, and have sales support. This role gives excellent opportunities for growth in the business sector. Commerce students with effective communication and problem-solving skills can thrive in this career, which sustains long-term success.
- Salary: ₹3-8 lakhs per annum.
- Job Opportunities: Corporate Relationship Manager, Business Development Manager, Customer Success Manager.
Entrepreneurship
Entrepreneurship is a very exciting career in which you create and manage your business. An entrepreneur develops and sells a goods or service to the customer or other companies. This career is very creative and independent, with a vast scope for growth. This career requires innovative ideas, leadership skills, and the ability to take risks, so it is the most exciting career for commerce students.
Career Options For Commerce Students FAQs
1. What to do after B.Com for the highest paying job?
CA, CFA, and MBA Finance are the courses that can give high-paying jobs with a starting salary of ₹8-15 lakhs per annum.
2. What to do after class 12 commerce?
B.Com, BBA, CA, CS, or certification in Digital Marketing are the ideal options for Commerce students after class 12.
3. Which is better: M.Com after B.Com, or MBA after B.Com?
Academic/research-oriented professions require M.Com, while higher managerial and executive positions require a better salary option, hence an MBA.
4. Can I opt for short-term courses after completing my B.Com?
Yes, absolutely. Courses such as Digital Marketing, PG Diploma in Banking or DTL -Diploma in Taxation Laws are the quick skill-enhancing option.
5. Which course should I take up after B Com for getting Government jobs?
M.Com, CA, or LLB are excellent options for those targeting government jobs in finance, law, or education sectors.
