Fresher B.Com graduates remain confused about the career options. It’s usually quite common these days if you feel the same way about yourself. The emerging trends within the industry have made it quite important to keep yourself updated about these changes in the commerce industry.
The job roles are usually offered in the profiles for banking, financial management, or business administration, offering a salary package ranging from ₹2.7 LPA to ₹20 LPA.
There are various job rising trends within the field of commerce, like financial modelling, quant finance, new tax policies, etc. B.Com graduates who do not keep up with the trends in their careers often are left behind
In this blog post, we are going to discuss the best options you can pursue after completing your B.Com degree. This blog post will clear out your doubts about the career options after BCom. It doesn’t matter whether you’re a working professional; this blog post guides you properly about the career pathway you can take.
Private Jobs After BCom
The freshers who aspire to become future finance professionals must get finance jobs in the corporate sector. They can get into job roles such as entry-level accountant, tax advisor, junior financial advisor, portfolio manager, and accounts executive.
With the increase in experience, they get promoted to higher positions. It has a great career trajectory ahead, making them move up in the corporate hierarchy if they remain consistent and hardworking.
They need to learn skills like tax calculation and management, new economic policy, finance basics, portfolio management, accounts management, etc., to secure these job positions.
The table below highlights the job roles offered by the top recruiters, along with the eligibility factors and average salary for BCom graduates in our country:
| Job Role | Average Salary Range Offered | Required Tool Knowledge | Top Recruiters |
| Entry-level accountant | INR 2.7-3 LPA | Oracle, SAP Fusion, Tally | EY, PWC, & KPMG |
| Tax advisor | INR 6.7 - 8.5 LPA | MAT, VAT, GST & Tax deduction & exemption laws | Tattvam Advisors, Dhruva Advisors, Dewan P.N. Chopra & Co |
| Junior financial advisor | INR 5.6 - 6.4 LPA | Bloomberg Terminal, Stock Tickers & NSE Laws | Deloitte, EY, Goldman Sachs, & Morgan Stanley |
*You must possess skills & laws like Tally, Bloomberg Terminal, & Tax/NSE Laws to secure those entry-level finance job roles.
Government Jobs After BCom
Aspirants with career goals for financial roles but to serve the country can pursue the finance pathway in government job roles. Domains like tax collection, banking, and economic services are very good in terms of career stability and growth ahead.
This is a great career option for BCom passouts who wish to go into the field of finance but not in the private sector. They can start preparing for these prestigious job positions in the commerce domain.
Most of these job roles require certain competitive exams to be cracked by the applicants, but have a very rewarding salary range for a qualifying fresher. The main government job roles you can apply for are the Indian Economic Service (IES) & Accountant/Section Officer in Ministries.
The government sector finance job roles, average salary range, and required exams for the B.Com passouts are all given below:
| Job Role | Average Salary Range Offered | Exams |
| IBPS Probationary Officer (PO) | INR 5.8 LPA | IBPS PO Exam |
| LIC Assistant Administrative Officer(AAO) | INR 10.5 LPA | Life Insurance Corporation of India Exam |
| SSC CGL (Combined Graduate Level) | INR 5.8 LPA | SSC CGL Exams |
| IES (Indian Economic Service) | INR 6.7 LPA | UPSC IES Exams |
| Accountant/ Section Officer in the Indian Ministry | INR 6.7 LPA | (SSC) or Departmental Recruitment Exams |
Professional Certifications After BCom
Freshers aiming mainly for professional job roles must go for the professional certification courses. These professional certification courses, like CA, CS, CFA, etc., take a lesser amount of time to finish and also make them job-ready.
These certifications prepare them for the high-paying job roles ahead in their careers, like chartered accountant, company secretary, certified financial analyst, etc. Businesses/startups need to function well economically, hence need these experts very much to achieve a competitive edge in the game.
They get ready for the top finance positions with these professional qualifications. They get a higher salary on average due to these certifications as compared to the entry-level career options after B.Com.
The following table highlights the job roles for the professional qualifications, with their average salary range and levels of exams needed to qualify:
| Job Role | Average Salary Offered | Levels Of Exams | Eligibility |
| CFA (Chartered Financial Analyst) | INR 4.3-4.7 LPA | First- 1 exam | BCom + CFA certification |
| Second- 1 exam | |||
| Third-1 exam | |||
| CMA (Cost and Management Accountant) | INR 8-10.3 LPA | Foundation- 4 exams | B.Com + CMA certification |
| Intermediate- 8 exams | |||
| Final- 8 exams | |||
| CA (Chartered Accountant) | INR 15-20 LPA | Foundation- 4 exams | BCom + CA certification |
| Intermediate- 6 exams | |||
| Final- 6 exams | |||
| CS (Company Secretary) | INR 10.7-11.9 LPA | Executive- 8 exams | BCom + CS certification |
| Professional- 9 exams | |||
| ACCA (Association of Chartered Certified Accountants) | INR 7-9 LPA | Applied Knowledge- 3 exams | BCom + ACCA certification |
| Applied Skills- 6 exams | |||
| Strategic Professional- 4 exams |
Source: 6figr
Scope for Higher Studies After BCom
The scholars opting for higher studies can select this option, as this is the best path to choose as a B.Com graduate. They can then move on to senior positions with a higher salary in better MNCs. This is the most preferred option for the freshers out there in the commerce field. The main roles offered are those of senior management in the corporate sector.
Within these higher studies categories, the best courses have been explained here.
M.Com After B.Com
You can go for an MCom after a BCom and have a chance to grab senior job roles in banking and accounting. An MCom course provides you with advanced knowledge about finance and portfolio management through concepts such as taxation, corporate law, and marketing.
This is a great option for candidates who want to continue their higher studies. The road ahead for them becomes very clear after this particular course as they get the right direction in the commerce field.
Salary After B.Com vs M.Com - A Quick Comparison
The job roles show significant growth for M.Com fresher as compared to the BCom. The following table shows the salary growth in corporates after finishing B.Com as compared to MCom:
| Components | Career as a BCom Fresher | Career as an MCom Fresher |
| Job Roles | Accounts Assistant | Financial Analyst |
| Accounts Executive | Assistant Manager | |
| Junior Accountant | Senior Accountant | |
| Average Salary Package | 6-7 LPA | 12-14 LPA |
| Roles post First Hike | Financial Analyst | Finance Manager |
| Senior Accountant | Assistant Controller | |
| Senior Auditor | Audit Manager | |
| Average Salary Package (post hike) | 15-16 LPA | 30-32 LPA |
Source: AmbitionBox
But the offline MCom course requires them to take the competitive exams as well. This problem bothers students very much. Thus, an online MCom is generally taken up by BCom graduates.
What is the Online M.Com Program?
An online M.Com course gives the freedom of classes and attendance, while an offline course does not. You don't have to give any entrance exams for the MCom course in online mode. It can help them progress in their ongoing jobs and the fields they're interested in, like research.
If you are busy working at a job, you can also pursue the online MCom offered mostly by the private universities in India.
Here are the top private universities in India which are providing online MCom program:
| Colleges | Ranking/ Approvals |
| LPU Online M.Com | UGC-DEB, NAAC A+, NIRF, WES, BCI, QS World University Ranking |
| Jain University Online M.Com | UGC-DEB, NAAC A++, AICTE, NIRF, WES, QS World University Ranking |
| SMU Online M.Com | UGC-DEB, NAAC A+, AICTE, NIRF, WES, QS World University Ranking |
| Manipal University Online M.Com | UGC-DEB, NAAC A+, AICTE, NIRF, WES, QS World University Ranking |
| Amity University Online M.Com | UGC-DEB, NAAC A+, AICTE, WES, QS World University Ranking, AIU |
Is an online M.Com degree equivalent to a regular M.Com?
The online MCom course is considered equivalent to the regular M.Com degree, as it is UGC-DEB-approved. Hence, carry the same weightage during job interviews and future presentations.
Offline MCom Vs Online MCom
An offline MCom course needs the assignments, practical attendance, and regular classes to be done by the candidates, which are not available in an online M.Com. The cost-effectiveness of the online M.Com courses also makes it a better choice if we see it from an economic point of view, whereas this benefit is not present in the offline MCom.
So, for the working professionals, the online M.Com is an overall better choice.
The table given below explains the advantages of the online MCom over the offline M.Com course:
| Factors | Online MCom | Offline M.Com |
| Time Flexibility |
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| Cost |
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| Learning Environment |
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| LMS & Ebooks |
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| Entrance Exams |
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| Recorded Sessions |
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| Exam Slots |
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MBA After B.Com
The top job roles mostly need a management background, and you can pursue an MBA and still secure those high-paying job roles after BCom. It serves as a bridging course for the UG degree and prepares you to tackle the problems in management.
Working professionals very much prefer the flexibility and freedom of MBA courses, as these also help them get the hike they deserve without sacrificing their ongoing jobs that they have.
Mostly upper management roles actually need the experience level for eligibility and offer relaxations if the candidate has the required working experience on field. This is a huge plus point for working employees, who think they’re falling behind in their higher studies due to ongoing work.
BCom freshers who wish to pursue an MBA, as future entrepreneurs, can also take the MBA course and prepare a blueprint for their business ideas during the curriculum. Various private universities offering MBA courses also have incubators to support budding startup ideas.
Students who wish to switch careers into management should consider this option after B.Com. This ensures that they can easily enter into top management roles in their corporate hierarchy. They must appear for the management exams, like the CAT for MBA courses from top IIMS or private universities.
The table given below gives the eligibility for entrance exams for the MBA courses:
| Exams | Eligibility |
| CAT (for Indian level) | Need a minimum 90th percentile |
| GMAT (for International level) | Need a score of about 654 in the exam |
Elements like these push professionals to pursue online MBAs as they feel unable to manage hectic schedules and attendance for the offline MBA courses.
Online MBAs are a great career option for BCom students. The professionals working in the field need no extra preparation or to appear in any competitive entrance exams for the online MBA courses.
What are the Advantages of Online MBA Courses?
Online MBA courses are great career options, providing BCom passouts with many more career options. While you are confined to only the finance, tax, and portfolio management roles in M.Com, here you get the freedom of exploring various career fields.
Top Indian Universities Offering Online MBA
| Universities | Accreditation & Rankings Overview |
| Manipal Online MBA | UGC-DEB, NAAC A+, AICTE, NIRF, WES, QS World University Ranking |
| LPU Online MBA | UGC-DEB, NAAC A++, NIRF, THE World University Ranking |
| DPU Online MBA | UGC-DEB, NAAC A++, AICTE, NIRF |
| Amity Online MBA | UGC-DEB, NAAC, QS World University Ranking, WES |
| Jain Online MBA | UGC-DEB, NAAC A++, QS World University Ranking |
| MAHE Online MBA | UGC-DEB, NAAC A++, NIRF, AICTE, QS World University Ranking |
| Alliance Online MBA | UGC-DEB, NAAC A+, NIRF, WES, QS World University Ranking, BCI |
This course helps students focus on their jobs and manage their higher studies on the go. It’s very much preferred these days in place of the traditional PG course.
The table below illustrates the entry-level salary and career options for BCom and online MBA passouts:
| Components | Profiles After B.Com | Profiles After Online MBA |
| Departments | Finance & Taxation | Finance, Business Consulting, Management & Entrepreneurship |
| Job Roles | Accounts Assistant | HR Manager |
| Accounts Executive | Product Manager | |
| Junior Accountant | Management Consultant | |
| Average Salary Package | 6-7 LPA | 17-18 LPA |
You get comparatively more career options for an online MBA degree than for an M.Com or just a BCom.
Is a PhD After BCom Possible?
As a BCom graduate, you cannot directly pursue a PhD, but you can start preparing for its entrance exam by opting for an online MBA or online MCom program.
This way, research aspirants can pursue online PG courses as a career option and focus their precious time on preparation. This will ensure that they get no obstacle in the future preparation for GRE, GMAT, or UGC NET.
These scholars will later serve as future finance researchers or finance lecturers teaching about commerce full-time.
The following table highlights the exams and the required eligibility needed to pursue a PhD in finance by students who complete a Master's:
| Exams | Eligibility |
| UGC NET (for Indians) | PG+ Need 55% in the Master’s level |
| GMAT (for International) | PG+ Need a score of about 325 in the exam |
| GRE | PG+ Need a score of about 500 on the GRE |
Conclusion
MCom is very much preferred these days among career options after BCom within the domain of finance. Within no time, you get promoted to the top finance positions you’ve been chasing for a long time.
While the offline MCom & MBA courses are undoubtedly good, the online PG course saves both time and money, especially for working professionals. It also requires no entrance exams, such as CAT/GMAT, for the course admissions.
You can utilise your extra time in learning the finance skills and getting the exposure, rather than worrying about your attendance and assignments for the master's level course. These skills later on prove to be beneficial during your promotion process and job switching.








