Senior Content Specialist
Commerce is one of the most popular streams in India with more than 40 Lakhs students opting for BCom every year. According to a recent report by Statista, employment for commerce graduates has seen substantial growth worldwide and is projected to grow by 43% in 2022.
BCom Courses prepare students to have undergraduate knowledge about Finance, Accountancy, Economics, banking, Taxation, Business Law etc. Thus students can go for any of the above subjects after graduation.
BCom students will find opportunities in commercial banks, insurance companies, non-banking financial companies, co-operatives, etc. The banking sector has about 64% of all the assets in the Indian financial system.
BCom students can expect their salary to be between INR 2,25,000 to 3,50,000 on average. Top colleges such as Delhi University conduct placement drives for BCom students where they can get salary packages between INR 6 LPA to INR 9 LPA. Check: DU Placements
Students have the option of completing their post graduation before looking for jobs. Students can go for M.Com or MBA course which will help students get managerial jobs in the financial industy. Students can also go for certification courses after BCom like CFA, CS, ACCA etc.
Table of Content
2.1 Private Jobs
2.2 Government Jobs
6.1 Academic Courses after BCom
6.2 Professional Courses after BCom
B.Com Jobs
After pursuing B.Com, candidates are opened to plethora of opportunities to do both private as well as Government sector in the economy. After B.Com, the graduates can be employed in a number of areas such as Accounting, Auditing, Educational Institution, Tax Advisory, Insurance, etc. The average salary of a B.Com graduate is around INR 3.75 LPA. The starting salary of a B.Com graduate is reportedly around INR 3.11 LPA. while the experienced can earn around INR 24 LPA.
| Job Profile | Description | Average Annual Salary (INR) |
|---|---|---|
| Chartered Accountant | Chartered Accountants are professionals who are financial advisors of a company as well as individuals. They advise on tax liability and file income tax returns. Their job may also include financial reporting, taxation, auditing, corporate finance, insolvency, etc. | 7.00 L |
| Bank Manager | Bank Managers are those who are incharge of managing banks. They are responsible for operation, administration, marketing, training and security of their branch. | 7.50 L |
| Insurance Agent | Insurance agents act as an intermediary between the insurance company and the normal public. They sell and negotiate life insurance policy, health policy, accidental insurance, retirement benefits etc. they also act as an independent broker. They also work as individual brokers on commision basis. In order to be a successful insurance agent, candidates are required to possess some people skills, salesmanship, Customer service skills etc. | 3.08 L |
| Banker | A banker is a one who works at financial institutions, banks, etc and assists private as well as commercial clients. They are responsible for setting up accounts, budget planning, and also offers advice to clients for their investment | 4.75 L |
| Cost Accountant | A cost accountant is one who ensures the financial system of an organization's runs smoothly. They prepare a budget and focus on maintaining the budget of the company. Cost accountants are required to possess strong organizational skills, problem solving skills, strong research abilities etc. | 5.19 L |
| Accounts officer | An account officer is incharge of taking care of financial bookkeeping and maintaining the financial records of an organization. They look into the accounts payable, accounts receivable, Financial controls etc. | 3.78 L |
| Accounts manager | An accounts manager is a kind manager with whom the clients can have interaction within a company. They look after the financial transactions of the company and at the same time also maintain the relationship | 5.96 L |
| Auditor | An auditor is an expert professional who reviews and verifies the accuracy of financial transactions in the company and ensures that all the tax laws are complied with. | 5.04 L |
| Marketing Manager | Marketing managers are expert professionals who organize and manage marketing campaigns to create the demand of a product or service. Candidates with excellent marketing skills, communication skills are eligible to pursue this career. | 6.80 L |
Experience Wise Salary
| Job Roles | Salary |
|---|---|
| Insurance Agent | Check Experience Wise Salary |
| Banker | Check Experience Wise Salary |
| Import Export Manager | Check Experience Wise Salary |
| Stock Broker | Check Experience Wise Salary |
| Auditor | Check Experience Wise Salary |
| Valuer | Check Experience Wise Salary |
| Marketing Manager | Check Experience Wise Salary |
| Cost Accountant | Check Experience Wise Salary |
| Merchandiser | Check Experience Wise Salary |
| Investment Banker | Check Experience Wise Salary |
| Financial Manager | Check Experience Wise Salary |
| Chief Financial Officer | Check Experience Wise Salary |
| Chartered Accountant | Check Experience Wise Salary |
| Bank Manager | Check Experience Wise Salary |
| Bank Officer | Check Experience Wise Salary |
| Accounts Officer | Check Experience Wise Salary |
| Sales Associate | Check Experience Wise Salary |
| Accounts Manager | Check Experience Wise Salary |
Jobs for BCom Graduates: Sector Wise
After completion of B.Com, job opportunities are plenty. Most of the candidates for jobs in Accounting and Taxation firms. While the others go for higher studies and prepare for competitive exams etc. The most popular jobs are Chartered Accountants, Company secretary, Cost accountants etc. These can be employed both in private as well as government sectors. Let’s discuss them below individually.
BCom Jobs: Private Jobs
The jobs offered in the private sector and government sector are almost the same and there are multiple job opportunities in the private sector as compared to the government sector. Some of the reputed organizations that hire candidates after B.Com are ICICI bank, ABC Consultants, Infosys, KPMG, Nestle India, etc.
| Job Profile | Description | Average Annual Salary (INR) |
|---|---|---|
| Tax Consultant | Tax consultants are expert professionals who advise and create tax strategies for their clients and plan the financial ways accordingly.They have advanced knowledge of tax. | 6.00 L |
| Stock Broker | Stock brokers are professionals who buy and sell stocks and other securities in return of a fee or a commission. | 3.10 L |
| Budget Analyst | Budget Analysts are ones who prepare the budgets of the company and prepare budget reports. They create the budget for the company | 12.67 L |
| Company Secretary | A company secretary has the power of both legal and accounts. They ensure the compliance with statutory and regulatory requirements for maintaining efficient administration of the company. | 6.70 L |
| Actuary | Actuary are the professionals who analyze the financial costs of risk and uncertainty. They use the combination of Mathematics, Statistics, and financial theory for assessing the risk of potential events. | 10.11 L |
| Human Resource Manager | Human Resource managers hold an important position in the management and administration of a company. They recruit , interview and hire new staff . The most important thing is that they serve as a link between an organization's management and its employees. | 6.93 L |
BCom Jobs: Government Jobs
B.Com graduates hold a very high value in the government sector. After B.Com the salaries are quite good in number. Some of the top recruiters in B.Com are State Bank of India, Reserve Bank of India, Ministry of Commerce and Industry etc.
| Job Profile | Description | Average Annual Salary (INR) |
|---|---|---|
| Probationary Officer | A Bank PO is incharge of handling customer complaints and other customer related issues. They are also employed with other managerial work, supervising, managing cash flows, loans, mortgages and finance. | 5.11 L |
| Bank Clerk | Bank clerks are employed to keep records of deposits, withdrawals, loan, mortgages payments etc. | 3.80 L |
| RBI Grade B officer | A RBI Grade B officer usually handles market regulation and development, data analysis and research and also prepares surveillance reports. | 7.30 L |
| RBI Assistant Manager | RBI Assistant Manager maintains files that includes receipts, maintaining of ledger, balance sheets, etc. They also handle data entry of all transactions made in the day and respond to query emails. | 6.70 L |
| Associate Professor | An Associate Professor is responsible for teaching students of a college/university and guiding them through their course. They provide their students with notes, study material and help them in their research projects. | 5.68 L |
B.Com Jobs in India
There are several opportunities in India that a candidate can get after completing B.Com. There are some important sectors in which a candidate can be employed such as Auditing firms, taxation firms, accounting sector, Banking & Insurance and many more. Metro cities like Mumbai, Bangalore, Pune, Delhi are some of the important cities which have top firms located.
Let’s discuss the top job profile in various cities in India and the average salary offered to candidates.
B.Com Jobs in Mumbai
Mumbai is one of the top cities in India where top Auditing and taxation firms are located. Jobs like chartered accountants, company secretary , bank manager are some of the top job profiles. In Mumbai, the average salary of a B.com graduate is around INR 5.13 LPA. Some of the top job profile are mentioned below,
| Job Profile | Average Annual Salary (INR) |
|---|---|
| Accounts Executive | 2.82 L |
| Chartered Accountants | 8.77 L |
| Company Secretary | 7.21 L |
| Accounts Officer | 3.85 L |
| Sales Executive | 3.34 L |
| Bank Manager | 9.67 L |
| Sales Associate | 3.53 L |
B.Com Jobs in Pune
Pune has some top companies located who look for the recruitment of B.Com such as KPMG, Zomato, Infosys, etc. The average salary of a b.Com graduate is around INR 4.24 LPA.
| Job Profile | Average Annual Salary (INR) |
|---|---|
| Tax Consultant | 5.47 L |
| Export- Import Manager | 8.58 L |
| Chartered Accountant | 8.30 L |
| Cost Accountant | 6.00 L |
| Auditor | 6.78 L |
| Bank Manager | 10.53 L |
B.Com Jobs in Delhi
Delhi is the capital of India and so is one of the top recruiters in India. Delhi is home to top auditing, taxation, banking , insurance , finance , corporate etc. Some of the top recruiters are Ernst & Young, Microsoft, KPMG, Accenture, Wipro, Infosys etc. The top job profiles are chartered accountants , cost accountants, auditors etc . The average salary that a B.Com graduate gets is around INR 5.67 LPA.
| Job Profile | Average Annual Salary (INR) |
|---|---|
| Chartered Accountant | 8.60 L |
| Cost Account | 5.40 L |
| Chief Financial Operator | 14.00 L |
| Auditor | 5.55 L |
| Bank Manager | 7.62 L |
| Human Resource Manager | 6.92 L |
B.Com Jobs in Bangalore
Bangalore is considered to be the IT capital of India and also home to other top firms in India. Bangalore has some of the most popular Research, Accounting, Management,Auditing, Taxation firms in India. The average salary package offered to B.Com graduates is around INR 5.07 LPA.
Discussed below are some of the top job profiles in Bangalore for B.Com graduates,
| Job Profile | Average Annual Salary (INR) |
|---|---|
| Stock Broker | 3.00 L |
| Sales Executive | 2.50 L |
| Marketing manager | 11.71 L |
| Company Secretary | 7.46 L |
| Bank manager | 10.52 L |
BCom Fresher Jobs
Career can be made in diverse fields after completion of B.Com. Since commerce, accounting and management is required in almost every firm, that makes the requirement of B.Com graduates more vast. The scope of a B.Com graduate is rising in excellent numbers. The average salary of a B.Com graduate is around INR 4.42 LPA. Some of the top freshers' jobs in India are Auditors, Cost estimators, Stock Brokers, Investment Analysts etc.
Discussed below are some of the top job profiles in India on which a candidate can be hired after completion of B.Com,
| Job Profile | Average Annual Salary (INR) |
|---|---|
| Budget Analyst | 12.67 L |
| Financial Consultant | 6.64 L |
| Auditor | 6.00 L |
| Assistant Financial Analyst | 5.30 L |
| Associate | 4.20 L |
| Relations Manager | 5.09 L |
| Accounts Executive | 3.70 L |
| Assistant Accountant | 2.93 L |
| Associate Consultant | 4.76 L |
| Human Resource executive | 3.93 L |
BCom Jobs in Banks
B.Com graduates are hired in Banks. These banks can be both private and government. Some of the private banks do campus placements as well. While the government banks require the candidates to clear their qualifying examination. The candidates can apply for the role of bank clerk , probationary officer, specialist officer, Rbi Assistant Manager etc. The average salary that a Bank offers to B.Com graduates INR 4.11 LPA.
Discussed below are some of the important profiles on which the candidate can be appointed in a Bank after completion of B.Com,
| Job Profile | Average Annual Salary (INR) |
|---|---|
| Accountant | 4.25 L |
| Customer Service Representative | 3.12 L |
| Associate (Banking & Insurance) | 4.78 L |
| Accounts Receivable | 3.00 L |
| Accounts Payable | 4.43 L |
| Data Entry | 2.59 L |
| Information Process Analyst | 3.00 L |
| Bank Clerk | 3.58 L |
| Probationary Officer | 6 L |
Career After BCom
Most of the students are opting for BCom nowadays because of the wide variety of career options available after doing this course. BCom helps in building an excellent foundation in the core commerce subjects like accounts, costing, law, and taxation. Now comes the point of what you want to do after completing your BCom course.
It will purely depend on your skills and interest in a particular field. You can make your choice on the basis of which subject do you love the most, in the industries like Financial Planning, Accounting, Equity Research, Capital Market, Stock MArkets, etc.
If you want to grab a better job, then you should go for further study i.e. a postgraduate course. This will not only widen your career opportunities but will be an addition to your skills and knowledge.
| Taxation Courses | Commerce Courses | E Commerce Courses |
| Finance Courses | Sustainable Finance Courses | Accounting Courses |
Courses After BCom
- MBA: If you want to do business or you want to do a managerial role in a company then MBA is a perfect fit for you. But your career will surely depend upon the credibility of the college you are studying in. It is a 2-Year program and a most sought after course. You will get numerous networking as well as job opportunities.
- Masters in Applied Economics: If you are someone who is fond of economics and want to take it further then you can also go for a Masters in Applied Economics. This course is all about economics and specializations in the area of management and finance.
- Master of Commerce: After BCom, most of the students opt for MCom. It is like the advanced version of BCom in which you will do the systematic study of the core commerce subjects.
- Masters in Finance or Accountancy: If you want to study finance or accounting further then you can go for this course. The technical aspects of finance and quantitative methods will be taught. The duration will be around 1-2 years.
Professional Courses After BCom
- Company Secretary (CS): If you are interested in becoming the executive secretary to MD (Managing Director) or CEO (Chief Executive Officer) then you should opt for this course. It comes up with immense potential and job opportunities. See Also: All about CS Course
- Chartered Accountant (CA): ICAI (Chartered Accountants of India) conducts this course and it basically has 3 levels: CPT, IPCC, and CA Final. If you completed your BCom then you can directly appear for the IPCC level. Check: All about CA Course
- Institute of Cost and Works Accountants of India (ICWAI): It is basically a cost accounting course. After completing this course, you can work as a chief accountant, Financial Controller, Cost Controller, etc. Here also there are 3 levels- foundation, intermediate and final courses.
- Certified Public Accountant (CPA): If you want to experience the competence in the field of Accountancy and that too all around the world, then go for this course. The duration of this course is 1 year and it is highly regarded as an international course and will also open various career opportunities in the field of accounting and CFO positions.
Accounts Courses After BCom
- Association of Chartered Certified Accountants: ACCA is known to be one of the world’s leading organizations. It is growing at such a fast pace that most of the students are preferring this course. It consists of around 14 exams and the duration of this course is around 2 years.
- Business Accounting and Taxation (BAT): If you want to have hands-on experience in Accounting and Taxation then you must opt for this course. The duration of this course is 1 year and you will get a job in the field of taxation and accounting.
- Cost Accounting: The overall budget, cost, and profitability of various products, activities, and services come under the domain of cost accounting. You will get to explore concepts like planning a profit, cost management, pricing, cost variance analysis and many more.
Finance Related Courses
After BCom, some of the popular finance courses are Chartered Financial Analyst (CFA), Financial Modelling and Financial Risk Management (FRM). Banking and Insurance related courses are also there like Certified Bank Manager Program, Diploma in Banking and Financial Services, Post Graduate Diploma in Banking, Personal Insurance Course, etc.
So, there are numerous BCom job opportunities and it all depends upon your skills and interest that which career option suits you the best.
BCom Jobs: FAQs
Ques. What do B.Com graduates do?
Ans. A B.Com. graduate has many career prospects and has the following duties to perform:
- They work as auditors and verify the accuracy of financial records of a company
- They also work as Investment Bankers and raise capital for the firms through selling of equity or raising debt
- A B.Com. graduate also works as a Probationary Officer in a bank where they handle all customer related queries and issues.
- They can also work as Chartered Accountants and provide their clients with valuable advice on how to manage funds and audit financial records.
Ques. What are the career prospects of B.Com ?
Ans. There are career options after B.Com:
- Chartered Accountants
- Cost Accountants
- Human Resource Manager
- Auditors
- Tax consultants
Ques. What are the skills required to become a Chartered Accountant?
Ans. Some of the top skills that are required to become a chartered Accountant are:
- Problem solving skills
- Methodical approach
- Strong analytical skills
- Organizational and management skills
Ques. Who are the top recruiters for Auditors?
Ans. Some of the top recruiters for Auditors are:
- Deloitte
- PwC
- KPMG
- Ernst & Young
Ques. Is there any internship required to become a Chartered Accountant ?
Ans. Yes, to become a Chartered Accountant, while pursuing the course. The candidates are required to do 3 years of articleship.
Ques. Can a student from arts background become an IAS Officer ?
Ans.. Yes, ofcourse, candidates from arts backgrounds can pursue to become IAS officers. Candidates from any background can become IAS officers.
Ques. Can one pursue B.Com from distance learning?
Ans. Yes, B.Com can be pursued from a distance. Those who are financially not well and have other issues can pursue B.Com from a distance but it is advisable to pursue it regularly.
Ques. What is the highest salary of an Investment Banker?
Ans. According to Glassdoor, the highest salary of an Investment banker is around INR 53.27 LPA.
Ques. What does a Chief Financial Officer do?
Ans. A CFO is responsible for the following operations in a company:
- Managing a company’s financial operations
- Analyzing the company’s assets and liabilities
- Deciding the investment strategies of a company
- Making a financial plan for the company
Ques. What is the highest salary of an Auditor ?
Ans. According to Glassdoor, the highest salary of an Auditor is around INR 26 LPA.
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