The Top 10 Courses after B.Com in 2022 (Updated)
So, you have reached a milestone in your life- finished B.Com. Now comes the most challenging aspect of your career: to find out the courses after B.Com you can pursue to enhance your career prospects.
Everyone knows that though B.Com is a crucial landmark in one’s career, it is not sufficient if you want to be a high-achiever in your career. Suppose one wants to win over the strong competition in the job market and come out with flying colors. In that case, one must go for postgraduate courses or other professional courses after B.Com to get a high-paying and satisfying job. There are many career opportunities available in the market today, but choosing the right one is of utmost importance. Worry not. Here we are to help you select the appropriate career path.
In this article, we have provided you with some of the most important options of the courses after B.Com.
Following Are The Options of Courses After B.Com:
#1. Master of Business Administration (MBA)
About the course:
Master of Business Administration is one of the most sought-after courses after B.Com today. It is perfect for a managerial position in any organization. That said, much depends upon the institute from which MBA is pursued. For example, an MBA from IIM gives your career wings, but MBA from a lesser-known institute would not help you much on your career path.
Having a commerce background, MBA in Finance and MBA in Banking and Financial Services would be the most appropriate field. Apart from that, MBA in Marketing, MBA in Business Analytics, and MBA in International Business can be pursued by a commerce graduate.
Graduation and the appropriate score in CAT/CMAT/XAT/MAT or any other relevant tests conducted. The test score decides to which college you can get admission.
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It is a 2-year full-time or part-time course and can also be pursued by working professionals as it offers a part-time option.
The fields that need an MBA are financial advisor, finance manager, credit manager, equity researcher, investment banker, marketing manager, business consultant, etc.
Top head hunters for MBAs:
The top recruiters looking for MBAs, especially in finance, are Barclays, Goldman Sachs, HSBC, TCS, Accenture, KPMG, State Bank of India, HDFC Bank, etc.
The salary of an MBA in finance is approximately INR 6.8 lacs per annum and grows as one grows in experience and knowledge.
#2. Chartered Accountant (CA)
About the course:
It is one of the most coveted courses after B.Com. The course can be pursued after completing 10+2 or equivalent, but many students opt for CA after graduation to augment their knowledge. CA is conducted by the Institute of Chartered Accountants (ICAI) and comprises three stages, CPT, IPCC, and CA Final.
IPCC and CA Final have two groups each. After clearing one group of the IPCC, the candidate has to register with a practicing Chartered Accountant as an article and complete two and half years of articles. After successful completion of articles, the candidate can appear for the CA final exam. After clearing both the final groups, one becomes a Chartered Accountant.
Candidates need a valid score in CPT to get admission to the CA course. For appearing in CPT, candidates should have cleared 10+2 or equivalent exams from a recognized board. Candidates possessing a score of 55% or more in Bachelor’s or Master’s degree in commerce are exempted from appearing for CPT.
Chartered Accountants can have a private practice whereby they can undertake a financial audit, manage budgets and financial systems, provide financial advice, tax consultation, etc. Various companies also employ CAs as tax assistants, account and audit assistants, finance managers, auditors, etc.
Top head hunters for CAs:
There is a need for Chartered Accountants in most businesses. Major well-known firms employing Chartered Accountants are the ‘big four’ Deloitte, KPMG, Ernst & Young, Pricewaterhouse Coopers, Wipro, TCS, ICICI Bank, State Bank of India, Life Insurance Corporation of India (LIC), Reserve Bank of India, and many more.
The average salary of a Chartered Accountant ranges from 6 to 7 lacs per annum and can rise to much more depending upon the experience.
#3. Chartered Financial Analyst (CFA)
About the course:
Offered by CFA Institute in America, it is an international certification course providing the highest proficiency standards in the investment field. Aspirants have to clear three levels of exam to become a Certified Financial Analyst. The course covers various topics like portfolio management, financial analysis, security analysis, statistics, derivatives, etc.
Eligibility to become a Certified Financial Analyst is graduation or final year of graduation.
The duration of the course is of two and a half years.
Certified Financial Analysts are successfully employed as wealth managers, data scientists, credit analysts, chief investment officers, financial planners, etc.
Top head hunters for CFAs:
Certified Financial Analysts are recruited by top-end financial and investment firms such as JP Morgan, Morgan Stanley, Bank of America, UBS, Citigroup, etc.
A Certified Financial Analyst draws an average salary ranging between 6 to 7 lacs.
#4. Company Secretary (CS)
About the course:
A much-in-demand course, Company Secretary is one of the most prominent courses after B.Com. The course requires one to be adept at corporate law. Company Secretary is responsible for all the statutory aspects of the organization. It is also responsible for providing the board advice on legal regulations and ensuring the organization meets all the legalities. It consists of three levels, foundation, intermediate, and finals.
Aspiring candidates have to clear 10+2 or equivalent exams from a recognized board. Many of the candidates pursue CS after completing their graduation to enhance their skill sets.
The course is of three years’ duration.
The job profile of a Company Secretary is working as a compliance officer, corporate governance expert, and many other relevant positions.
Top head hunters for Company Secretaries:
Leading organizations that recruit Company Secretaries are TCS, Deloitte, KPMG, Amazon, Cognizant, HCL, Mindtree, etc.
A Company Secretary draws an average salary of 6 lacs per annum.
#5. Master in Commerce (M.Com)
About the course:
Masters in Commerce helps one polish and master whatever subjects one has learned during undergraduate years, such as accounts, taxation, economics, insurance marketing, statistics, finance, etc. The course is ideal for aspiring researchers, teachers, and lecturers. To name a few, M.Com can be done in a variety of specializations like accounting and finance, taxation, business management, economics, and computer application. M.Com is perfect for students who are good at numbers, graphs, calculations, have a flair for reasoning, logic and are good at computers.
Most universities admit candidates on a merit basis. Candidates who have successfully cleared B.Com with 50% marks get admission in M.Com. In addition, some of the top universities conduct entrance exams to admit students to the M.Com courses.
The duration of a Master’s in Commerce is two years.
Students who have successfully cleared M.Com can be employed as bank executives, finance executives, share brokers, bank managers, securities analysts, marketing managers, accounts managers, etc.
Top head hunters for M.Com degree holders:
Top recruiters who hire M.Com degree holders are many finance and auditing firms, banks like Reserve Bank of India, HDFC Bank, State Bank of India, KPMG, IndusInd Bank, Deloitte, Genpact, and others.
The average pay scale of M.Com degree holders is approximately 5 to 6 lacs, but it depends primarily upon the specialization pursued.
#6. Certified Management Accountant (CMA)
About the course:
The candidates aspiring to do international courses after B.Com or those who wish to work in multinational organizations can enhance their employment opportunities by doing a Certified Management Accountant course. US-based Institute of Management Accountants conducts the course globally, including in India. To clear CMA, candidates need to clear two exams along with the work experience of two years. The course mainly concentrates on two aspects, financial management and management accounting. In addition, it provides expertise in financial planning and decision-making.
Candidates having graduated with two years of work experience are eligible to pursue the Certified Management Accountant course.
The duration of the CMA course is 6 months.
Certified Management Accountants are hired as financial analysts, accounting managers, corporate controllers, staff and senior accountants, chief financial officers, etc.
Top head hunters for CMAs:
Certified Management Accountants are employed mainly in manufacturing industries, wholesale and retail industries, and other relevant industries like Amazon, Flipkart, Accenture, Wipro, Larsen & Toubro, etc.
The average salary for a Certified Management Accountants varies between 3 to 4 lacs.
#7. Business Accounting and Taxation (BAT)
About the course:
One of the leading courses after B.Com makes job aspirants industry ready for bagging that coveted accounting job. The course has been designed to impart a practical and pragmatic approach to the subjects like accounts, taxation, finance, and other commerce subjects. It provides practical learning using state-of-art tools, thereby providing the skill set most valued by the industry. The training modules cover direct taxation, Goods and Services Tax (GST), ERP supported financial reporting, finalizing financial statements, payroll components ESIC, EXCEL, and MIS reporting.
To be eligible for Business Accounting and Taxation (BAT) course, candidates have to clear B.Com.
The duration of the course is of 8 to 12 weeks.
After completing the course, Business and Accounting Taxation professionals can choose various jobs such as company law assistant, tax consultant, accounts executive, finance manager, etc.
Top head hunters for BATs:
Major Business and Accounting Taxation professionals are HDFC Bank, ICICI Bank, Adobe, Datamatics, Accenture, KPMG, etc.
Business and Accounting Taxation experts draw an average salary of 5 lacs per annum.
#8. US certified Public Accounting (CPA)
About the course:
CPA is one of the internationally-acclaimed courses after B.Com offered by the American Institue of Certified Public Accounts (AICPA) globally. CPA is to accounting what blackbelt is to accounting. The CPA course has worldwide credibility and supports your basic B.Com degree education, giving it global recognition. Profound knowledge or generally accepted accounting principles (GAAP) is a must to be successful in CPA. CPAs are much sought-after by most companies, even MNCs. The course modules comprise financial accounting and reporting, auditing and attestation, regulation, business environment, and concepts. Clearing the 4 levels of the exam will make you a much-in-demand CPA professional.
Eligibility for CPA is graduation or equivalent exam.
The four-level CPA exam is of 12 months’ duration.
The CPA professionals are employed as senior auditors, finance managers, senior tax executives, accounts managers, etc.
Top head hunters for CPAs:
Many leading organizations like Deloitte, Ernst & Young, KPMG, Capgemini, Cognizant, Accenture, Mastercard, Barclays, HCL, Mphasis, etc., hire CPAs.
The average CPA salary comes to around 7 lacs per annum.
#9. Digital Marketing
About the course:
One of the most trending and in-demand courses after B.Com, it is the hottest course in the internet age. The Internet has simplified the way we purchase goods online, to pay online, so organizations need to have a digital presence. Businesses have shifted to online mode, and marketing has followed. Most businesses now need to set up their brand digitally, and digital marketers are much in demand.
A digital marketeer advertises the brands in the digital domain through the internet, which helps the brands be visible to the consumers on the go as every individual, be it a rural dweller or an urban dweller, has become tech-savvy.
The digital marketing course teaches search engine optimization, content marketing, search engine marketing, mobile and email marketing, social media marketing, web designing, and various other relevant subjects. It is considered among the top 5 careers globally. Some of the skill set required is good communication and marketing skills, creativity, analytical skills, etc. IIM Skills is one of the best institutes in India to pursue digital marketing courses.
There is no particular degree required to become a digital marketeer, but having an undergraduate degree enhances the candidates’ prospects.
The duration of the digital marketing course ranges from 3 months to 12 months, depending on the college one joins.
Top head hunters for digital marketers:
Many leading firms hire digital marketing professionals such as Accenture, Capgemini, Myntra, Amazon, HCL technologies, Wipro Digital, Hotstar, and many more.
The average pay scale that digital marketing professionals draw is approximately 5 lacs per annum.
#10. Bachelor of Education (B.Ed)
About the course:
B.Ed or Bachelor of Education is the course for candidates who aspire to become teachers. B.Ed is mandatory for getting a job as a teacher in secondary and higher secondary schools. The course helps candidates become proficient in the art of teaching, understanding child psychology, various techniques to make learning interesting and interactive for the students, and managing the challenges faced by the teachers and students in schools.
The course can be completed in four semesters and covers a range of subjects: issues of childhood and adolescence, school exposure, gender and school, learning goals and assessment, languages, knowledge of health education, and many other relevant applicable topics.
The candidates aiming for B.Ed should have an undergraduate degree with 50% marks.
It is a 2-year full-time course for students who want to pursue teaching as a career.
Bachelor of Education degree holders can get employment in government or private schools. They can also opt to become a teacher in special education schools catering to special children. Also, they can select to become private tutors. They can work as educational researchers, educational content developers, educational consultants.
Top head hunters for B.Ed degree holders:
Many leading schools, including international schools, hire Bachelor of Education degree holders as primary, secondary, or higher secondary teachers.
The average remuneration for a B.Ed degree holder depends upon the city where one is employed but ranges from 3 lacs to 10 lacs per annum.
You must check out these top professional courses offered by IIM SKILLS
Frequently Asked Questions:
1. What are the best courses to opt for after passing 12th in B.Com?
Multiple courses are in high demand, such as Bachelor of Commerce, Bachelor of Business Administration and Cost and Management Accountant, Digital Marketing, and many more. You can pursue one of these courses.
2. What are the best B.Com courses to opt for?
You can opt for any of these courses such as Accounts and Finance, Economics, Investment Management, Banking, Insurance, etc. All of these courses will provide you with multiple job opportunities in the future.
3. Are B.Com courses easy?
If you understand the basics, you will enjoy studying the subject. However, if you want to build your finance or administration and marketing career, you can join B.com courses.
Hopefully, these ten courses after B.Com will help clear all your doubts, guide you regarding your career, and help you make an informed choice. Once you go through the list, compare the difficulty level involved, the financial aspect, the duration of a particular course, and then select the course that seems most beneficial for you to build the required skill set. All the courses mentioned above after B.Com will jump-start your career and fetch you a well-paying job.