Bachelor of Commerce is a usually 3 year undergraduate degree open to commerce students. It is also the most preferred stream for students of commerce.
The primary focus of this course is to impart education across commerce and finance subjects. So, candidates can even choose elective subjects during the 3 years. Financial accounting, corporate tax, economics, company law, auditing, business management, etc. are some topics that are introduced to students during done so during 6 semesters. Also, some students who choose this degree consider it as a backup option while they prepare for Chartered Accountancy, Cost Accounting and Company Secretary ship.
In India, B COM is one of the most popular undergrad courses as it offers a wide range of job opportunities. The major industry in the country is commerce. It is one of the most important economic contributors. Thus, as there is growth of the economy, there will also be growth of the commerce industry along with the jobs available in it. B COM can also serve as a backup as mentioned before. Thus, even after pursuing B COM, if you choose to go into a completely different direction, you can totally do so.
A B Com graduate can work as a
1. Actuarial Science
In finance, insurance, and investment, actuarial science is the study of using mathematical and statistical tools to measure and control risk. This field has a lot of potential for a rewarding career.
Average Salary - INR 3-5 Lakhs
It is one of the most desirable and common selections selected by a B Com graduate after completing the degree. Another advantage of taking this degree is that accountants are necessary in every organization, hence accountants are in high demand. The initial payment will be lower, but your pay package will steadily increase.
Average Salary - INR 2.48 Lakhs
An auditor plays a critical role in a firm since he or she oversees the financial accounts and accounting ledgers of various businesses.
Average Salary - INR 4.61 Lakhs
4. Company Secretary
A company secretary (CS) is one of several important positions in a company. A CS is in charge of overseeing all legal elements of a company or organization. Company secretaries are responsible for a company's tax returns, maintaining tax records, providing actionable advice to the board of directors, and ensuring that all legal and statutory laws are followed.
Average Salary - INR 5-6 Lakhs
5. Financial Risk Manager
FRM is a good choice for a recognized banking and finance degree. The Global Association of Risk Professionals (GARP®) offers the Financial Risk Manager (FRM) accreditation. In the financial and risk management industries, it is the gold standard. Hence, if you earn this certification, it means you have a strong grasp of risk management ideas in today's volatile financial industry. This is a nine-month course that is quite short.
Average Salary - INR 11.8 Lakhs
6. Tax Consultant
Because taxation is a field that touches everyone, this field is recognized to be one of the most lucrative possibilities. As a result, there is a lot of demand here as well.
Average Salary - INR 5 Lakhs
7. Stock Broker
This is widely regarded as one of the most exciting career paths for commerce graduates. If you are interested in stock management, securities market, finance, or mathematics, you should apply for this position. So, all you need to do now is complete a brief certification course in this profession and you're ready to start.
Average Salary - INR 3.93 Lakhs
By passing their entrance exam, a B Com graduate can easily find a position at a bank. Hence, you have the option of going with a public or private bank.
Average Salary - INR 3.61 Lakhs
9. Chartered Financial Analyst
CFA is a three-level programme given by the CFA Institute in the United States. Hence, it is the gold standard. So, after completing it, you can work as a financial analyst, statistician, or market research analyst. If this is something that interests you, you might explore it as a career option right after you finish your B Com.
Average Salary - INR 6.8 Lakhs
You can also pursue higher studies such as MBA, Masters in Commerce, Masters in Applied Economics or Masters in Finance or Accountancy if you wish to do so.
Companies that hire B Com graduates
Big firms like Infosys, Wipro, Reliance, and Tata are continuously looking for qualified B Com graduates to join their teams.
B Com graduates may be hired by private finance businesses such as Mahindra Finance, Shriram Finance, Bajaj Finance, DHFL, and Indiabulls to market the company's various financial products and handle their customers on a daily basis.
Banking positions are in high demand, and certain big banks, including as HDFC, Axis, SBI, ICICI, IDBI, and others, offer career possibilities to B Com graduates who pass their individual banks' eligibility exams.
Government departments such as Revenue, Railway, Defense, PWD, Forest, Research, and Healthcare hire B.com graduates on a regular basis for positions such as Probation Officers, Clerks, Accounts Assistants, Divisional Officers, and other positions.
Jobs for B Com graduates are plentiful in business management and thus there are opportunities in automobile companies such as Bajaj Auto, Maruti Suzuki, hospitality companies such as Trident, media companies such as NDTV India, information technology companies such as TCS, Infosys, Wipro, real estate companies such as DLF, Reliance Infra, and education sector companies such as Poddar Education Trust. Hence, B Com graduates are employed in a variety of industries.