15 Best Courses after BCOM to boost your salary

courses after bcom
April 13, 2021
Share on facebook
Share on twitter
Share on linkedin

Table of Contents

Introduction

Bachelor of Commerce or BCom is a professional course offered across many universities in India. It is a favourite for students who want to understand the world of trade and finance. However, as we know, trading is a very complex system and requires skilled people to manage its affairs. A BCom degree surely helps students make the first step, but many end up taking courses after BCom in order to improve these skills.

If you are in the final year of your BCom studies, then you must be searching for what to do after B.Com. Courses, Post-Graduation, Internships, Jobs. The list becomes endless and throws students in a state of confusion. Therefore, I have compiled a list of the top 15 courses after BCom to help you make the right decision. The best part is that courses after BCom offer you several different options to improve your skill. These help greatly in helping you boost your salary when you are working.

Why courses after BCom?

There are a lot of people who go against the choice of taking professional courses after BCom. This happens because they believe that a bachelor’s degree is sufficient in seeking a well paying job. While a B.Com degree is certainly helpful, you must understand that companies are looking for more.

The job market is getting increasingly skilled day by day. Every year, thousands of new graduates enter the market in search for jobs. While some get them, there isn’t enough time or the resources to take them all. Thus, many students decide to enter professional courses after B.Com in order to be more skilled. More skills in life lead to better employability. If you want more information on this, then I have written another article on the importance of employability here.

More importantly, companies are increasingly looking at people with more than just a degree. Since so many students have started pursuing a B.Com degree, companies seek other factors to make the candidates different. Additional courses after B.Com then become a great addition to the student’s CV.

What are the best courses after BCom?

Like I mentioned earlier, there are many courses after BCom that can help you improve your skills and also boost your salary. The point then becomes which one is the most worth it. Because you must understand these courses as investments into your future. All the education you gain in these younger years helps greatly improve your ability to secure better-paying jobs in the future.

Therefore, you must do a careful understanding of the courses after B.Com. You must take into account the following factors while making your decisions:

  • strengths and weaknesses
  • preferences and interests
  • Eligibility requirements
  • Financial aid/ money spent

Now that you have a fair idea, let us get to the list of the best courses after B.Com:

Masters of Business Administration

Possibly one of the most famous professional courses after B.Com, an MBA degree is an industry favourite. And it should be. It is a rigorous course that trains students with practical based learning. This method has proven to be very effective and MBA graduates have gone on to become some of the wealthiest and most powerful men and women of the world.

But the craze towards getting an MBA pushes many from different streams to try their luck. Since there is no barrier to entry, people from arts, humanities, even science backgrounds get a professional course like an MBA. This is because the course trains you in understanding the best way to manage events. And the need of organisation is needed everywhere, from hospitals, to businesses, to even the creative fields.

Thus, if you are planning to apply for an MBA course you must be prepared to face competition from different fields. It is one of the most highly competitive courses after B.Com, but turns into a good investment in the future.

Chartered Accountant

Becoming a CA is the goal of many who take on B.Com. However, one simply cant become a CA right after graduation. There is a specialised professional course that takes the students across the subject in depth. Everything from accountring, to taxation and auditing. These skills are important in the field of CA and only courses after B.Com can make you able to do them.

The process is simple enough. You must apply for the CA entrance exam before selecting schools. The exam is not easy. You will need to prepare for the exam. Many in India end up taking special classes to learn how to crack the CA exam. This level of difficulty is added to weed out the best candidates from millions of people who take the exam every year.

After clearing the exam, there is a glorious future waiting for you. The advanced skills that you pick up during the course helps in building your reputation as a knowledgeable accountant. People and businesses will come to seek your help to make financial decisions. This power comes with the additional courses after B.Com you take for CA.

You can also read our article on Salary of a Chartered Accountant.

Masters in Commerce (M.Com)

A Masters in Commerce degree is fairly unknown, even within the B.Com community. Many students who wish to grow in their careers end up taking professional courses or doing a master’s in a different field. Only a few end up taking an M.Com course.

This is not to say that M.Com is not one of the better courses after B.Com. Intact, if you wish to enter the academic side of the world of commerce, then an M.Com degree may prove very beneficial to you in your life.

The course material is an expansion from the topics you have learnt in your B.Com So, you will have a fair idea of the subject matter being taught to you. So, if you are interested in pursuing an M.Com degree, do not hesitate. The path for your future will be as big as with most of the other courses after B.Com mentioned here.

Financial Analyst

The role of the financial analyst is extremely important. They are the people who predict the future of the market based on current statistics. They are the backbone of the financial market we have constructed in the 21st century.

Many may say that financial analysis is a trait that all business professionals should have. And that is true. Every business professional must be aware of how the markets function. However, ther role of a financial analyst is very detailed and extensive. They measure the market’s value in relation to the changes happening from different factors.

In a volatile market situation, this is very hard to accurately pull off. Case in point, before the 2008 crisis, nearly all financial analysts were happily selling the dream of the housing market. However, because the market was unstable from the ground up, massive problems were created around the world. Thus, it is an intensive job, though if you are a person who is good with numbers, this is a course that will help you boost your skills and your career.

Certified Public Accounting (CPA)

This is one of the courses after B.Com that is seeing a sharp rise in popularity. A US based course, the CPA program takes you through the global standards of accounting (GAAP). They work similarly to how CA’s work in India, however they are trained to understand the different workings of different countries.

Among their main tasks is interacting with the shareholders of companies. CPA’s help investors manage the money coming in and going out of the company. They are skilled in analysing reports to identify key errors in the operating procedures. They have a keen eye to find places where money can be saved, and where money can be pumped into.

All of this analysis can be done by non CPA graduates too, however with this course after B.Com, you will be regarded as an expert in the field of commerce and accounting.

Stock Management

The financial world of the 21st century is heavily dependent on the stock market. The online space where money and bonds are constantly shared and received has become the backbone of the new order. This excessive pressure on an industry makes it important for those working in it to be highly skilled.

A course in stock management after B.Com helps you in understanding the workings of the stock market. While the majority of the job description is about trading, brokering and analysing market and company data, with a course in stock management, companies may be interested in you too.

With your expertise identifying key high and low points of the market, companies will seek you to help them reach their investor goals.

Supply Chain Management

Supply Chain Management is the way goods move from companies to your doorstep. The process is extremely complicated and managed by highly skilled professionals. They are hired in order to find the slightest inconvenience to the management or flow.

Supply Chain Managers have a team of dedicated people who manage individual aspects of the complicated process. With your background in B.Com, you can help them achieve the best efficiency, that is most outcome with least costs.

Supply Chain Managers have an eye to cut costs wherever they can benefit. This helps them keep the operation running smoothly and without any over burden.

Data Science

Another one of the great courses after B.Com is that of a data scientist. Similar to financial analysts, data scientists manage and analyse different data sets. These professionals are skilled in taking an overall look at the market to identify key trends and opportunities.

While they provide their insights to the companies doing good, data scientists also help the companies that are struggling. They measure and analyse the books of the struggling company and expand the data to show how long they can survive. Their experts also lay out possible avenues where the company might venture into to secure their positions.

Investment Banking

A lot of B.Com students have understood that investment banking is a good career choice for them. In India too, the investment banking market has been growing exponentially. All of this helps in making the job of an investment banker highly well paid and well respected.

In order to become an investment banker, you must first get a certificate in Investment Banking. This course after B.Com helps you in understanding how to best manage the money of your company, and more importantly, how to raise money for the company.

The Certificate is a six month long course which can easily be done in the middle of finding jobs. The prospects after its completion opens up many new job opportunities. One can even do this course while doing part time jobs.

Financial Risk Management (FRM)

The world of insurance is a money’s game. Financial planners are expected to understand the possibility of events and the costs attached to those events. It is a very risky management and highly volatile.

Thus, if you want to learn about how to best measure these different outcomes and enter the risk management field, you must do courses after B.Com in Financial Risk Management. It prepares you in understanding risks and how best to attach a value to the risk. These are high stakes games which may be subject to errors and mistakes.

However, doing some courses after BCom in FRM builds on your strengths of understanding the finances of a business by preparing you in crisis management. The skill helps in preparing a plan of action in times of need. However, a good Financial Risk Manager is always ready with a plan and tries to not let the situation turn into a crisis.

UPSC Examinations

One of the most liked courses after BCom is that of the UPSC. The Union Public Service Commission is the arm of the government that prepares bureaucrats for government positions. This is a nationwide exam that sees people apply in the thousands.

The benefit of passing the UPSC exam is you get employed with the government. And a government job in the service fields is regarded as one of the most safest and respected positions in the government. After completion, you can be placed in either one of the following areas:

  • Administrative Services (IAS)
  • Foreign Service (IFS)
  • Police Service (IPS)
  • Forest Service (IFoS), among others.

However, the UPSC exam is one of the toughest exams to crack. Students spend months, or even years, preparing to apply. So, if you are thinking of UPSC courses after B.Com then you must get started now!

You can also read our article on Best Optional Subjects for UPSC.

Digital Marketing

One of the hottest markets right now, digital marketing companies are looking for hardworking and creative people. In the era of the internet, advertising has shifted to the online space and marketers are going out, looking for young blood to reignite the flame for the internet age.

The best part is that many of these digital marketing courses after B.Com are completely free of charge. That means you can learn from top experts by paying no money. Companies like Microsoft and Google already have their introduction to digital marketing courses online. Apart from this, there are several other websites like Coursera, Vedantu, Khan Academy, where you will be able to access many such interesting and free courses.

Company Secretary (CS)

For students who have an interest in the stock market, then these types of courses after B.Com should work for you the best. Company Secretaries manage the stocks and dividends of companies.

They are well versed in understanding the complex system of the stock market and advise the company accordingly.

Company Secretaries are the connection between the company and its investors. The CS is often seen at big corporate meetings, briefing the executives on the state of the market and the fluctuations in the stocks. They are thorough in their research and bring valuable insights to the company leadership.

Bank Probationary Officer

The bank probationary Officer (BPO) is the manager of all of the banking activities during the probationary period. This includes managing accounts, billing, marketing, customer acquisition, etc. These people are also called the “bank runners” because they literally manage the running of the branch.

Their expertise lie in the field of banking and leadership. The BPO course offers you the chance to build on these skills. With an experiential learning atmosphere, BPO courses try to put the students in real life scenarios to better understand concepts and market workings.

The entrance exam for these courses after B.Com are organised by the Institute of Banking Personnel Selection. It is a nationwide exam that is held every year in different centres across the country. If you want more information on this, you can go to their website here.   

Freelance

One of the best courses after BCom is to experience the real world. For this the best course is that of a freelancer. Here you have the total freedom to pursue anything you want. If your interest lies in one thing, you can pursue some other just for the experience. Moreover, freelance jobs are a great way to establish contacts. They may help you meet people in the field you are interested in.

If you are interested in Freelancing, then Chegg has a great opportunity for you. We run a program called the Subject Matter Experts where we hire freelancers who are skilled in one or more subjects. The subjects include Math, Science, Nursing and Engineering. Subject Matter Experts are required to log into their profiles and respond to the questions on different subjects posted by our student subscribers. The more you answer, the more money you make.

This helps you greatly, because while you are learning more, you are also earning. This program is part-time, so you can pursue any other course out of this list and do this on the side to earn a little extra money. If you need more information on how to join this program, click here.

Final Thoughts

Here I have just listed the top 15 courses after BCom that will help you improve and build on your skills. However, in this day and age there are many other jobs in specialised fields. All one must do is ask themselves what it is they are interested in and start researching on the scope of that field. The rest, you can leave to fate.

Related articles