What to do after B.Com? What are the different Jobs/Courses after B.Com?. In the previous articles, we have given How to Block SBI ATM Card through Online, SMS, Customer Care and What is Non-ECR Category in Passport? Eligibility & Documents. Today we are discussing what are best courses after B.com, what to do after graduation. Most of the students think that B.Com is not so worthy as there is less pay after graduation or there are a few options to pursue but this is completely wrong perception. A mere graduation degree in Commerce is not enough. You need to further specialize and complete your post-graduation or opt for professional courses to get a decent job. There are lucrative professions in various industries such as banking and finance, stock markets, insurance, capital markets, financial planning, equity research, accounting, etc.. However, the problem is in choosing the best job-oriented course when so many courses are available in Commerce stream.
There are countless options in the job as well as in entrepreneurship after Bachelors in Commerce (B.Com).
Most of the students with the commerce in 12th or in B Com actually find it tougher to decide what to do after B com so we have discussed a few common options to pursue after your graduation in commerce here.
Best Courses After Graduation (B.com)
The ever-popular courses after B.Com:
Chartered Accountancy (CA), Company Secretary (CS), Cost and Work Accountancy (CWA) have always remained the popular courses for commerce students looking for lucrative jobs. Each course is offered by three separate entities: A chartered accountant (CA) passes out from The Institute of Chartered Accountants of India (ICAI), a cost and works accountant (CWA) from The Institute of Cost and Works Accountants of India (ICWAI) and a Company Secretary from The Institute of Company Secretaries of India (ICSI).
Eligibility conditions: In order to be a member of ICAI, a student has to be a B. Com graduate with overall 55% marks and should complete three years of training. He or she should undertake a 2-week general management and communication skills course. CWA is a multiple-entry course and it may take a minimum of three years to complete the course provided the student passes the exam in one sitting at each stage. The CS Course has three sections -Foundation, Executive and Professional. For foundation course, the eligibility criteria is 10+2, for Executive, a graduation degree is a must. After passing the Executive Programme examination, a candidate can apply for the Professional Programme.
Job prospects: One can kick start their career immediately in financial institutions, government departments, public sector and private banks, international organizations, insurance companies, multinational companies, investment companies and soon after completion of these courses. However, the job prospect of a chartered accountant is always more compared to the other two courses.
2) Certified Public Accounting (CPA)
A Certified Public Accountant (CPA) is the highest standard of competence in the field of Accountancy across the globe. The exam is administered by the American Institute of Certified Public Accountants (AICPA), which is the world’s largest accounting body. A CPA qualification is similar to the Indian CA qualification. In addition to the CA qualification, a CPA will have knowledge of US Generally Accepted Accounting Principles (GAAP), IFRS (International Financial Reporting Standards), Generally Accepted Accounting Standards (GAAS), US federal taxation and business laws.
This gives a great advantage to a CPA when working with US Based Financial firms or Indian firms working for US clients. This exam consists of 4 exams which can be completed within a period of less than a year. Pursuing CPA after completing CA, M.Com, CS, MBA in finance, ICWA can also help your career to a great extent.
3) MBA (Finance)
Most students make the mistake that they perceive finance as similar as accounting. It’s not. Finance is vast and accounting is only one part of it. But still, if you want to do MBA in Finance, there are many options you can choose. The best option is to prepare for CAT, XAT, and GMAT. These three will do. You should start your preparation during the final year of your B.Com. A year of preparation can do wonders for you. There are many B-Schools which are mushrooming everywhere.
Do you think doing an MBA in Finance from any B-School will add value to you? Nope. You need to do it from top 10 B-School in India or top 30 B-Schools in the world (if you are going to foreign universities). If you want to pursue your MBA in India, CAT and XAT are your best bet. You need to score high, as high as 99.99 percentile if you are a General student. Or else, if you want to do something in the foreign country like the USA, you need to score at least 700 plus in your GMAT.
4) Banking Related Courses
Business Correspondent Courses:
This course enables you to learn the key skills required for a fruitful career in the Banking and Financial Services industry in India. Students are taught basic financial concepts, about managing customer relationships, are imparted knowledge about delivery channels and equipped with effective communication skills. This enables them to function as Business Correspondents.
- Business Correspondentpotentially enables banks to reach out much faster and at a much lower cost.
- The personal connection enhances the customer’s accountability to the Business Correspondent, which in turn improves loan performance and repayment rates.
- On successful certification by IIBF and employment in the sector, 100% of the course FEE will be reimbursed by NABARD in 256 districts and 75 percent in rest of the districts.
- Banks may give wide publicity in the locality about the intermediary engaged by them as Business Correspondent and take measures to avoid being misrepresented.
Post Graduate Diploma in Banking(PGDB)
The Post Graduate Diploma in Banking(PGDB) will enable you to broad base your career options in the banking industry. Banking course is aimed at providing practical knowledge and understanding of the Banking sector. By joining PGCB after graduation, candidates will get the competitive advantage for a great career in banking and excel in their work.
- The major reasons for the extremism preference of bank jobs among individuals are job safety and stability in the career.
- Educational institutes offering PGCB Course provide soft skills training to the candidates to make them efficient speakers because banks look for candidates with effective communication skills.
- The course content has been made relevant to the industry’s needs. With this banking course, you will get a head-start in your career with a banking job.
- You will also get placement assistance facility for reputable banks including HDFC, Housing Finance Companies, NBFCs, etc.
Certified Bank Manager Program:
The CBM Program is offered by the Institute of Chartered Financial Analysts of India University, Tripura and Institute of Bank Management and Research (IBMR), Hyderabad. It is a unique program comprising a 2-year course covering the areas of banking and financial services, money, banking laws and regulations, treasury, credit, risk management and banking strategy.
- After this program, you can work in Indian or Foreign banks in corporate, trade or foreign banking profiles.
- You can also work in financial service companies or in the finance division of Indian or Multinational Corporation.
- This knowledge of International finance can also be used to raise capital for your own entrepreneurial ventures.
- CBMP is a visible sign of their advanced experience and skill and gives candidates a distinct advantage in employment and promotion.
5) Stock Broker
After graduation, you can do any small course in stock trading and get the knowledge. Finance, Mathematics and the Economic subject will help you a lot as a Stock Broker.
After Bachelors of commerce, you can do a two-year course of Masters of Commerce (M.com) and can work as a commerce Lecturer in college or universities.
7) Export Import Manager
All the big companies doing Export-Import need Export Import Assistant/ Manager for documentation work, custom work etc. You can join as a fresher or can do specialization in Export-Import after graduation.
8) Finance Consultant
As a financial consultant, you can advice one on the savings, retirement planning, financial planning about the future etc and can save them from the future money crisis.
9) Insurance Consultant
After B.Com in Banking and Insurance, you can work in Insurance Industry as an Insurance Advisor or Insurance consultant etc
10) Event Manager
We all know how the Event Management business is getting the importance day by day. After graduation, you can do Masters in Event Management and later can work as Event Manager.
11) Travel Agent / Travel Manager
After graduation, you can work with Travel and Tourism Industry. Marketing, Accounts and Costing subject will help you a lot in this field.
To become a lawyer even after B.Com graduate you can do LLB and then get the experience by working under lawyer and then later in life can start working independently as a lawyer.
13) Computer Programming
Information Technology is one of the fastest growing sectors of not only the Indian Economy but also a Global one. B.Com students who want to cash it can join in MCA or MSc IT Academic Programmes.
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