You are done with BCom Graduation, and are now looking for Courses after B.Com, here is a list of career options along with their average salary that may help you decide for the course that is most suitable for you.
All of us have a dilemma about the career choices at some point during our graduation. Keeping that in mind, we have tried to make this article as comprehensive as possible.
It’s not just another blog which simply lists down the courses after B.com. Rather, it’s a whole analysis of each course – Who should do it and Why should you do it?
Making an appropriate career choice after B.Com is a BIG Deal. Even a slightest mistake at this point of your career can land you into distress.
To help you decide about the career path, this article lists out different career option with relevant details such as Salaries, Job profiles, Cost and Time Duration of the course.
Job Oriented Certifications
Most of the times when we’re looking for career options, we’re actually interested in the Jobs that we would get if we choose that option. Thus, we will first look at the short term certifications which can fetch you a decent Job even before your Masters, given that you work hard.
1) Investment Banking Certification
This is the most elite Job profile that you can get just after B.com. It’s related to core finance and not accounts, audit or taxation. If you’ve ever been fascinated by the companies such as Goldman Sachs, JP morgan or HSBC, then let me tell you, this is the most desired profile that they offer.
- Duration – 1 to 2 Months
- Estimated Cost – Rs. 50,000
- Job profiles – Equity Research, Business Valuation, Financial Modeling
2) Digital Marketing Certification
This is another trending certification that commerce graduates can pursue without any technical skillset as pre-requisite. If you’re fascinated by the terms such as SEO, SMM, SEM or PPC, then you must be knowing by now that they all come under the umbrella of Digital marketing.
- Duration – 3 to 4 Months
- Estimated Cost – Rs. 50,000
- Job profiles – This is the most interesting part pertaining to Digital marketing industry. You work with clients to increase their sales using Social media, Search engines and a bunch of analytical tools
3) Data Science Certification
Any and every useful result on earth has been derived from Data. For a simple example, Google Maps gives us the real traffic conditions based upon the data that it collects from the GPS activity of the people around. Netflix or Youtube gives us the recommended videos based upon our past behavior, which is based on Data. If you’re fascinated by How they drive such results, then you can go for this certification.
- Duration – 3 to 4 Months
- Estimated Cost – 1 to 3 Lakh
- Job profiles – Business Analyst, Data Analyst, Business Intelligence Analyst
Professional Courses
The Courses under this subhead will give you a Tag (CA,CFA,FRM) which you can use to deliver professional services independently, or as an employee.
4) Chartered Accountancy (CA)
Each and every finance graduate in India must have tried pursuing CA, or has a friend who is doing CA. The essence is that there are a large number of candidates appearing for such exam, but the pass percentage is really low. If you’re fascinated about analyzing Financial Statements of a company, you can go for this course.
- Duration – After Clearing CPT (Entrance), you can give IPCC (Intermediate) after atleast 1 year. Thereafter, you need to go through articleship under a practicing CA for 2.5 years. Finally you can give CA Final examination. Thus, Minimum Duration is 3.5 years.
- Estimated Cost – 4,00,000
- Job profiles – Audit, Taxation and Due Diligence
5) Chartered Financial Analyst (CFA)
It’s the most sought after degree for those who want to make an International career in core Finance. By core Finance, I don’t mean Audit, Taxation or Accounting. It refers to elite profiles that I’ve mentioned in Investment Banking Certification above. It adds to your CV and makes it stand out for the employers. Moreover, CFA is a pre-requisite for many finance jobs as well. TWSS is one of the most reputed CFA Course Coaching Institute in India with a fabulous placements record, you can contact our counsellors or any help regarding CFA Training.
- Duration – CFA Level I exam is held in june and December. Whereas, CFA Level II and III examinations are held only in June. Thus minimum duration is 1.5 to 2 years, if you clear it in first attempt.
- Estimated Cost – Enrollment fees is $450 USD. The fees for each Level of CFA ranges from $700 to $1,450 USD.
- Job profiles – Equity Research, Portfolio Management, Valuation Analyst, Investment Banking etc
6) Financial Risk Manager (FRM)
Financial Risk Manager is a designation issued by Global association of Risk Professionals (GARP). People with specific interest in Risk Management shall go for this course. Now, the question is – What exactly is Risk Management. Take an example of a Risk Manager of an Insurance company. The Risk Manager would determine whether or not to extend an insurance cover to a particular asset, person or a business or not. He uses various quantitative tools to arrive at the decision.
- Duration – You need to clear both FRM Part I and II. The examination is conducted in November and May. So, the minimum duration is 6 Months. Although you can appear for both the Parts one single day, it’s not recommended. Thereafter, the candidate must acquire atleast 2 years of work experience in risk management to get this certification.
- Estimated Cost – Enrollment fees is $450 USD. The fees for each Level of CFA ranges from $425 to $550 USD.
- Job profiles – Risk Analyst, Operation Risk officer, Risk consultant, Portfolio Manger etc.
Post Graduation
This is the most traditional path that most of the commerce graduates will follow. But, there’s a big, big catch here. Your career after Post Graduation totally depends upon the Reputation and Brand name of the Institute from where you’re pursuing it. Also, you need to be sure as ‘why’ you’re doing it. Following are the options –
7) MBA (Master in Business Administration)
If you ask any B.com graduate in India about their future plans, they would say ‘MBA’. MBA can give you practical expertise in area of General Management, operations, Finance or marketing. However, almost 3,00,000 candidates appear for MBA entrances every year, out of which 4,000 to 5,000 candidates get admission in top 30 colleges.
- Duration – 2 years
- Estimated Cost – 15 to 25 Lakh
- Job profiles – It totally depends upon which field have you mastered in – Finance, Marketing, Human Resource or Operations. Also, if your college has a big brand value, you may get a job in core profiles of your domain, otherwise you may end up getting backend or a BPO job.
8) M.Com (Master of Commerce)
Although not preferred by many, but people keep this as a backup option. But in real sense, it should be done if you’re interested in Academia, University teaching or research. It’s an extended version of B.com. Most of the subjects that you learn have roots in the books that you’ve already studied during Undergrad
- Duration – 2 years
- Estimated Cost – 50,000
- Job profiles – Since there is no value addition in skillset if you pursue M.com, the private job opportunities are almost same as that of a B.com graduate. However, if you clear NET (National Eligibility Test), you can apply for the post of Assistant Professor in commerce colleges.
Apart for these there are many other short term courses that can help you find a suitable job. For any career guidance in selecting the right career, reach out to us at the The Wall Street School, we are here to help!
