What to do after B.Com? Top 10 Career Options after B.Com

05 May,2023  |  By Brainwonders

What to do after B.Com? Are you planning to do any professional courses? Are you interested in professional business management courses? Are you struggling to look out for the best courses after B.Com? No worries, we will help you clear the cluster and recommend the best courses after B.Com.

Various preferred and popular courses are available after a Bachelor of Commerce. In order to secure a high-paying job in the current competitive world, B.Com is not enough. Students must take further courses in order to ensure a scalable future. Keeping this in mind, we have mentioned a list of courses in order to establish a promising career.

Visit Page: What is DMIT Test? How can DMIT Test be helpful in shaping one's Career - Brainwonders 

Top 10 Career Options after B.Com

1. Master of Commerce
2. Chartered Accountant
3. Chartered Financial Analyst
4. Company Secretary 
5. Financial Risk Manager
6. Master of Business Administration
7. Certified Management Accountant
8. Certificate in Investment Banking (CIB)
9. Business Accounting and Taxation (BAT)
10. Personal Financial Advisor

1. Master of Commerce (M.Com)

M.Com is a specially designed course for students who want in-depth knowledge. This post-graduation course is for 2 years, best for students who wish to gain skills and insights into how to apply theoretical knowledge in the professional world. 

This course deals with banking, finance, taxation, business management, accounting, etc. If you are interested in working across the tax, accounting, finance, banking, financial service and insurance sectors, then you can opt for M.Com.

Career prospects after completion of the course include Accountant Executive, Finance Manager, Business Development Executive, etc.

2. Chartered Accountant (CA)

CA is a professional commerce course most students pursue after their 12th or graduation. If you are planning to opt for CA, then you do not have to clear the first CA level exam; you can directly do the registration for CA Intermediate. To become a Chartered Accountant, you must first register under The Institute of Chartered Accountants of India (ICAI). You need to clear all three levels of CA framed by ICAI; they are as follows:

1. CA Foundation Exam
2. CA Intermediate Exam
3. Final CA Exam

In addition, the CA aspirant also needs to complete 3 years of Articleship/Training under a practising CA. It mostly takes 4-5 years to become a CA. The duration might increase depending on the number of attempts.

After becoming a CA, a fresher CA can expect an average annual package between 6 to 12 lakh per annum. The salary of the fresher keeps fluctuating so it might increase as per different sectors. 

3. Chartered Financial Analyst (CFA)

If you want to make a career in investment, then CFA is the best course after B.Com. Chartered Financial Analysts mainly analyse returns and risks, prepare financial models, collect and formulate data, etc. CFA is responsible for looking after the financial planning of the organisations. Nowadays, CFA professionals are in huge demand in the US. Thus, CFA ranks among the best courses after B.Com. To pursue the CFA professional course, you must first apply to the CFA Institute. Completing all CFA levels typically takes at least two years. To become a successful CFA, you must pass three levels:

Level 1

Level 2

Level 3

You will succeed as a Chartered Financial Analyst once you have finished all three levels. One can expect a plethora of job opportunities after clearing all three levels of CFA.

Visit Page: What is Aptitude Test? How to take an Online Aptitude Test? - Brainwonders

4. Company Secretary (CS)

If you enjoy managing, CS may be a good fit. A Company Secretary is extremely important in any corporation and is responsible for everything from handling the firm's legal elements to preserving tax records.

A corporate law degree is required to acquire a position as a CS in any organisation. This three-year programme has three stages: Foundation, Intermediate, and Finals.  To become a Company Secretary, you must first become a member of The Institute of Company Secretaries of India (ICSI). You must pass all three levels of CS established by ICAI, which are as follows: To become a CS, you must pass all three competitive exams:

1. Foundation Program
2. Program for Executives
3. Professional Development Program

In addition, the CA aspirant must complete 21 months of training. It typically takes three to four years to become a CA. Depending on the number of attempts, the duration may rise.

5. Financial Risk Manager

Financial Risk Management is suitable for those looking forward to starting their career in banking and finance. It is a 9 months course that will help you get equipped with the potential and sound knowledge of risk management concepts. To become a Financial Risk Manager, one must complete GARP's Financial Risk Management curriculum. 

The duties and responsibilities of a Financial Risk Manager include identifying and analysing potential threats and tracking its success in the market. A financial risk manager can work across various sectors like private banking, sales, trading, marketing, etc.

Visit Page: What is Personality Test? How to take the Personality Test? - Brainwonders

6. Master of Business Administration (MBA)

Often when we asked what to do after B.Com? Most of the time, commerce students, after graduation, plan to start a business. In order to start a business, one must have a thorough knowledge of how the business is carried out. A Master of Business Administration is best for those who want to excel and impart detailed knowledge about business administration.

In order to enrol for an MBA program into the top colleges, the students must first clear the CAT entrance exam. To know more about the top MBA Colleges, click on the link below: Top 10 MBA Colleges In India [2022] - Let's Find Out

7. Certified Management Accountant (CMA)

CMA course is among the most complex courses in India as well as one of the top courses after 12th commerce with reasonable compensation. The CMA is a professional certification course renowned for accounting and commerce professionals. In order to become a successful Cost & Management Accountant, you need to clear 3 levels:

1. Foundation Level
2. Intermediate Level
3. Final Level

In addition, you also need to complete at least 6 months of practical TrainingTraining before the CMA final exam. Cost & Management Accountants experts have a lot of exposure in multinational companies. In the USA, Cost & Management Accountants are in enormous demand. 

Visit Page: What is Career Counselling? How is Career Counselling helpful? - Brainwonders

8. Certificate in Investment Banking (CIB)

Certificate in Investment Banking is one of the most demanding courses, mainly pursued after completing a B.Com degree or other related course. The course is designed to entail thorough knowledge across banking, finance, investment or other monetary sectors of banking and investment.

CIB specialises in banking, finance, investment banking, financial analysis, banking and corporate activities, restructurings, listing, fundraising, IPO, acquisitions, transactions, LBO, etc. The course lasts 6 months to a year, depending on the college or university that teaches it. 

After completing the investment banking course, candidates can build their careers in investment, asset management, private equity, private wealth management, corporate finance, equity research, etc.

9. Business Accounting and Taxation (BAT)

Another course which is most demanding in recent times is Business Accounting and Taxation. Business and tax accountants are constantly involved with taxation, accounting, and finance. These individuals are well-versed in both direct and indirect taxes. They use various systems for tax, compliance, reporting, accounts, and management information (MIS).

They also have advanced knowledge of SAP, Tally, Quickbooks, and Advance Excel. As a result, this course is also ranked as one of the finest courses after 12th commerce with a good income. 

10. Personal Financial Advisor

Personal Financial Advisors are the individuals who assist individuals in making the correct judgments and deciding whether to invest or not. They aid you in making wise investments such as stocks, bonds, shares, insurance, and more. By studying each essential feature of many sorts of assets, they provide their clients with cautious investment expertise. 

To provide sound advice, they receive specialised TrainingTraining in investment ideas, investment objectives, debt management, retirement savings, pensions, and coverage, among other topics.

Visit Page: What is IQ Test? How to take an Online IQ Test? - Brainwonders

Final Thought

We hope this detailed blog, what to do after B.Com, has opened your mind. We have highlighted the top 10 best career options you can pursue after your Bachelor of Commerce. Determine your career choice based on the interest you want to excel in your profession likely to pursue after graduation. 

You can plan your career with the assistance of Brainwonders to get essential potential insights into the profession in which you want to excel!