Career prospects after B.com graduation
B.com is a helpful degree with rich use cases. Not only is it one of the most popular degrees in India but it also opens doors for multiple exciting career options for you.
A B.com graduate can easily step into fields like chartered accounting, banking, marketing, and other business sectors. Most importantly, it also entails opportunities like going into teaching, business management, and more.
Before you consider options to choose what to do after B.com, we recommend having a clear understanding of your areas of interest. Once that’s abundantly clear to you, you can easily make a choice of what to do next.
What to do after B.com?
Most B.com graduates usually pursue higher education like M.com, MBA, or other fields in Masters to find suitable careers in fields like teaching and banking.
However, most graduates also end up in different departments due to their relevancy and demand.
Here are a few exciting career options after B.com for you:
1. Accounting
Accounting is a broad domain with endless career options and possibilities. With its growing demand, both in public and private sectors, this career option has its own set of opportunities that you can find for yourself. Candidates can go for Chartered Accountancy, CPA, or even start as a graduate.
Between the years 2020-30, the Bureau of Labor Statistics (BLS) also projects over a 7% increase in the demand for accountants globally.
Most importantly, the growth of fintech companies and financial knowledge in India have also majorly contributed to the need for accountants in the country. The potential of accounting is unbeatable and can expose you to fields that include:
- Bookkeeping
- Financial Planning
- Chartered Accountant
- Tax attorney/consultant
- Public or Corporate Accountant
- Certified Management Accountant
2. Finance
Finance is a lucrative industry that’s getting more competitive with every new wave of startups and economic development globally.
Even though starting a career in finance could very well be done by completing your B.com, today’s ecosystem needs more than that.
In order to compete in today’s finance ecosystem, you can pursue higher education after your B.Com. Moreover, a good knowledge of this field can also get you global exposure in your career.
Choosing a career option in finance after completing a Bachelor of Commerce (B.Com) degree can be a sustainable option for many students. With its range of career opportunities that it offers, pursuing the field of finance after your B.com degree can open doors for you to enter the following fields too:
- Financial Analyst
- Investment Banker
- Financial Planner
- Accounting and Auditing
- Risk Management
At CFI Education, we have a personalized Financial Modeling & Valuation course that’s aimed toward your overall personal and professional development.
3. Taxation
Just like every country, India is also introduced to new financial budgets every year. The revisions in these budgets entangle confusion among investors and common people too, especially on the taxation forefront.
A tax professional can act as a consultant or a Chartered Accountant for private and public companies or individuals, which makes this field an exciting career opportunity. However, B.Com alone can’t really be sustainable for you to grow in this field. You’d have to pursue higher education and try CA or CPA to solidify your position in the field.
Apart from that, entering the taxation field after your B.com comes with its own set of benefits too, which include:
- A great ‘global’ demand
- Attractive salaries
- Multiple business opportunities
- International clients
- Independent professional career
After the completion of your B.Com degree, a career in taxation can be rewarding especially when you help individuals and businesses minimize their tax liability.
4. Digital Marketing
Marketing is a dynamic and diverse field that makes sense both for B.Com and BBA graduates alike .
In the current global corporate ecosystem, the demand for marketing professionals is only increasing, which in turn is making this career more relevant and exciting to enter with each passing day.
Digital marketing in itself is a multi-verse of domains that you can participate in.
Even though you don’t exactly require a particular degree to enter this field, having a master’s with a specialization in marketing can significantly improve your knowledge and understanding of the field.
Moreover, you can reap benefits like a wide range of (l)earning opportunities, attractive salaries, and a sustainable career through digital marketing. You can master this field by getting a certification in digital marketing.
Furthermore, you can also specialize in fields like Search Engine Optimization, Email Marketing, Content Marketing, and Search Engine Advertising ahead in your future in marketing.
5. Banking
If there’s a single field that’s never going to become irrelevant, it’s the banking sector.
The banking industry is the cornerstone of every kind of economy, which is why entering this field can make you eligible for benefits like job security, financial rewards, stability, and overall professional development.
One of the USPs of entering the banking sector is its abundance of opportunities in both private and public institutions. From becoming an officer in a govt bank to relationship management, the opportunities are unmatched.
What determines your position in this sector is the knowledge and performance you’ve shown in the banking exams.
India has a variety of banking exams every year that you can prepare for.
At CFI Education, we have our very own personalized Investment Banking and Research training program that helps you master the necessary concepts like:
- Financial Modeling & Valuation
- Merger & Acquisition (M&A), Pitchbook, Fund Raising
- Company Profiles, Industry Analysis
- Equity Research Report Writing
- Interview Soft Skills and CV Building
Conclusion
B.Com is an interesting and diverse field that can help you set foot in the right industries at the right time.
Quite interestingly, your advancements in this field also significantly depend on your interest and personal goals ahead in your career. No matter what kind of industry you want to enter, B.Com could be a great first choice to get started with.
At CFI Education, we train our students from the initial stages of their careers. This helps us make you understand the pros and cons of every field and help you identify your interests before making any career-related decision.
