Career after B.Com: Jobs, Courses, Scope and Salary

As a B.Com graduate, there are a lot of career options for you. You can opt to pursue post-graduation, or you can start your professional career right after completing B.Com. First, you need to decide whether you want to go for higher studies or you want to look for a suitable job. Let’s explore all the courses and career options available after B.Com in India.

career after bcom
January 27, 2022
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Post-Graduation Courses after B.Com

It is a popular choice among B.Com graduates to opt for a master’s degree to specialize in their field of interest. Various master’s degrees available after B.Com include the following.

Masters in Commerce (M.Com)

M.Com is a two-year master’s degree that you can pursue after B.Com. It is a specialized degree that benefits students who want to focus on gaining academic depth in commerce. The syllabus of M.Com mainly comprises principles of accounting, money & banking systems, economic theory, knowledge about business, micro & macroeconomics, management, etc.

Most universities provide admissions through merit. A handful of universities conduct entrance tests for M.Com as well.

The eligibility criteria for M.Com is 45-50% marks in graduation. After completing M.Com, you can work in the corporate sector as account executive, business analyst, business consultant, management consultant, etc. The average package for an M.Com graduate can range from 5 to 9 Lacs per annum. M.Com is one of the most popular courses after B.Com other than MBA.

Master of Business Administration (MBA)

MBA is a popular choice among commerce graduates for a master’s degree. You can enroll in various specializations in MBA. Most B.Com graduates choose MBA in Financial Management as their preferred specialization. Although, you can choose other specializations like Marketing, Human Resources, International Business, Operations Management, etc.

An MBA in financial management equips you with the knowledge to conduct financial analysis, financial reporting, and financial planning. It also focuses on budgeting, taxation, finance and accounting, and other aspects of corporate finance. MBA also helps in developing your overall personality and making you job-ready.

You can secure an admission to MBA through the CAT exam which requires a lot of preparation. MBA can be your opportunity to get a high-paying job at an MNC. The average fresher salary for an MBA graduate is 6 to 13 Lacs per annum.

Career Options after B.Com

Chartered Accountant (CA) in Career after B.Com

Chartered Accountant (CA) is the most aspired certification for accountancy and tax enthusiasts. The CA exam has three stages, namely CPT, IPCC, and CA Finals. It is mandatory to complete 2.5 years of auditing internship after the clearance of exams.

The journey from a CA Aspirant to a Certified Accountant can be challenging. The job requires a lot of hard work and perseverance.

The scope of work is wide-ranging from working independently in a CA firm to a corporate job. A handsome income of 12 to 22 lacs per annum can be expected, and it grows tremendously as you move further in your CA professional career. Many students prefer to start preparing for CA along with their B.Com.

Company Secretary (CS) in Career after B.Com

Company Secretary (CS) is a three-year-long course involving foundation, intermediate, and finals. The papers require an in-depth study of law accompanied by the fundamentals of accountancy. As a qualified company secretary, one can find positions in the private/public sectors, banks, and financial institutions. On average, the earning capacity of a CS ranges from 4.5 – 13 lacs per annum with steady growth.

Chartered Financial Analyst (CFA)

Chartered Financial Analyst (CFA) comprises three levels offered by CFA Institute in America. As the name suggests, it requires an in-depth study of equity, investment, risk management, and ethics. It is considered the highest standard for becoming a financial analyst, a statistician, or a market research analyst. A certified analyst can initially earn a whopping 10 to 25 lacs per annum.

CA v/s CFA: What’s Better?

Actuarial Science as a Career after B.Com

One of the good career options after B.Com is the budding certifications with increasing demand in the market. The study involves the application of mathematical and statistical tools to assess and control risk in finance, insurance, investing, etc. One has to clear approximately 15 papers to become a member of the Institute of Actuaries of India (IAI).

The conversion rate is low but clearing 3-4 exams will put you ahead in the league. The certification is highly in demand and positively boosts a career in finance. Depending on the profile, one can secure a job in a corporate with a solid package of Rs. 8-15 lacs per annum.

Financial Risk Management

One of the career options after B.Com is to become a Financial Risk Manager. It is a globally recognized job. The certification is for finance and banking professionals by the Global Association of Risk Professionals- GARP, USA. It opens doors for many lucrative jobs in the field of risk management, wealth management, finance, etc. A good candidate can earn up to Rs. 18 lacs per annum, with experience.

Business Analyst

The salary will depend on their expertise and background while working as a business analyst. One can always take up certificate/short-term courses/distance MBA. As you keep building your profile, higher packages and perks are offered as you move up the corporate ladder with adequate job experience. A B.Com graduate can earn up to Rs. 3.5 to 8 Lacs per annum as a business analyst.

Business Accounting

If you’re interested in accounting, business accounting and taxation (BAT) is a great option for you. A BAT-certified professional is equipped with the essential knowledge and skills to manage different departments of an organization like Sales, Accounting, and Taxation. After completing the BAT certification, you can work as a tax consultant, corporate legal assistant, company law assistant, finance manager, accounts executive, or tax analyst.

Subject Matter Expert in Commerce

As a B.Com graduate, one has sound practical knowledge of commerce subjects. After completing your degree, you can work part-time or full-time as an online subject matter expert at Chegg. You can use your knowledge in Commerce or Accounting to solve problems for students across the world. The best part is that you can do this anytime, from anywhere.


CMA, or Cost Management Accounting is a certification offered by the Institute of Cost Accountants in India(ICAI). A CMA is responsible for managing the business costs and pricing of goods and services. The CMA course is divided into foundation, intermediate, and final levels.

A student needs to clear three of the levels to become a CMA. It usually takes 3 to 4 years for a student to complete the CMA course. The exams are held in two sessions by ICMAI in June and December.

Investment Banking

Investment banking deals with raising capital for corporations, governments, and other financial entities. The usual route to becoming an investment banker after B.Com is an MBA in Financial Management. You can also get a CIB or CFA certification to become an investment banker. These are some of the best certificate courses after B.Com.

An investment banker can earn up to INR 30 Lakhs per annum with experience. Investment banking is for you if you want a typical corporate job at any of the hot-shot finance firms like Goldman Sachs, Merrill Lynch, Morgan Stanley, JP Morgan, HSBC, etc.

You can also read our article on the best career options for commerce students.

Government Jobs after B.Com

You can also choose to prepare for government jobs for your career after B.Com. Once you complete your graduation, you become eligible to apply for various government jobs like UPSC, SSC CGL, SSC CHSL, IPBS, SBI PO, SBI Clerk, etc.

If you are absolutely sure to get a Govt job after B.Com then the best option is IAS. With IAS you will get the best platform to serve the country. You can check the other opportunities by visiting the official website of UPSC. For example you can join Central Services (Group-C) or Central Secretariat Clerical Service (Group-C) or may be Indian Police service (IPS). All these services are very good options. The required qualification for these services is graduate from a recognized university (any stream).

You can explore these government exams in detail and choose what’s best for you.

In conclusion, as you have seen, there are many options available for a B.Com graduate. There is always room for innovation for higher studies, certifications, corporate jobs, or a start-up. This was a holistic view of what a career after B.Com looks like.

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