Here are the top 10 career oriented courses for Bcom
We all join college with not some but many expectations, don’t we?
B.com, being the most sought career option, many people compete with high cutoffs to get admission into a reputed college in return for getting a decent placement.
But nowadays even an average profile job demands an extraordinary worker as competition is fairly high.
And most of the B.com graduates don’t have any specific skills (except basic accounting and communication skills), companies mostly hands them data entry or business development jobs
A little Disclaimer : I am a commerce graduate from Shri Ram College of Commerce. Even for those who have graduated from top most colleges in country aren’t happy with the type of work they get in the industry after doing b.com.
After completing graduation, we again get a chance to remake our mistakes and choose what’s right for us.
So, we should use this opportunity to grab the best option for us and always look at all sides of the plate before having anything.
Now without further delay let’s hop right into each different option with all the pros, cons, pay scale, opportunities, eligibility, best institutes, etc.
1. Job oriented Certificate courses
You must have seen the ‘Top Trending’ mark in the diagram next to such courses. And there’s a clear reason for it. The ultimate goal of the whole discussion in this article is to get a job. That’s what these courses are made for – short term, economical and job oriented.
1.1 Investment Banking :
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.
Employers – HSBC, EY, KPMG, Mcube, JP Morgan, CRISIL, Moody’s and thousands of boutique investment banking firms.
Average Salary – It depends upon your previous work experience, academic background and negotiation skills. Generally, B.com freshers get Rs. 3 to 6 lakh per annum.
Best Institutes to pursue this course – Honestly speaking, the main criteria for choosing the best in this industry should be ‘Transparency’ of placements. No other institution except The Wallstreet School reveals the past placements. We’ve revealed the real Linkedin and facebook accounts of around 1,000 previously placed candidates (through our placement cell), who have solidified their base in Investment Banking domain on our Placement section. You can do your R&D and get back to us, if you’re interested in this course.
1.2 Digital Marketing
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 Profile – 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. And when you see the actual impact on their revenue, nothing can match your level of satisfaction
Employers – Each and every B2C business that sells products or services online.
Average Salary – For a fresh commerce graduate, the salary ranges between 2 to 4 Lakhs.
Best Institute to pursue this course – You will find a ton of content over the web to learn Digital Marketing. But I would suggest you to not to go to any particular institute. Rather, you can follow some super knowledgeable Channels such as – Neil Patel, Ankur Aggarwal and Intellectual Indies.
1.3 Data Science –
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: 6 to 12 MonthsEstimated
Cost: 1 to 3 Lakh
Job Profile: Business Analyst, Data Analyst, Business Intelligence Analyst
Employers: All Major KPO’s, EXL Analytics, Moody’s Analytics, EY, KPMG, PWC etc.
Average Salary: 3 to 4 Lakh for a commerce graduate without prior work experience.
Best institute to pursue this course: You can enroll for courses on Udacity or courser (Trust me, they are best in terms of knowledge). However, if you’re seeking placements, you can go for Great Learning, Edureka, Jigsaw Academy etc.
2. 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 –
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 Profile – It totally depends upon which field have you mastered in – Finance, Marketing, Human Resource or Operations. It also depends upon the brand name of the college from which you have passed out. 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.
Major Entrance Exams – CAT, GMAT, XAT, SNAP, MICAT, IIFT
Average Salary – Again, It totally depends upon the reputation of the college from where you’re doing MBA. However, according to Payscale, average salary after an MBA degree in India is Rs. 6,99,000.
Best colleges to pursue MBA – Top seven IIMs, XLRI, SPJIMR, MDI Gurgaon, SIBM Pune, Indian School of Business (ISB)
2.2 M. com
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 Profile – 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.
Average Salary – 3 to 6 Lakhs
Best Colleges – Delhi School of Economics, Shri Ram College of Commerce, Hindu College.
3. Professional Courses
3.1 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 Profile – Audit, Taxation and Due Diligence
Average Salary – 7 to 8 Lakhs
3.2 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
Eligibility – The candidate must be a graduate or be in final year of graduation.
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.
Job Profiles –
Recruiters – Major recruiters are Investment Banks and Consulting firms such as HSBC, Goldman Sachs, JP Morgan, Deloitte, PWC, EY, KPMG, Evalueserve etc.
Average Salary – Rs 616,736 according to Payscale.
Best Institutes to prepare for CFA – Trust me, the teaching style and experience of the faculty is the main catch here. You would find many coaching centres
The Wallstreet School is an Official CFA prep provider of the CFA institute.
People with absolutely zero or negligible knowledge of finance find our CFA training as a major savior for them.
Also, since CFA is more of a theoretical course, many people find it difficult to get a job even after clearing it. We take care of it. We don’t just prepare students from exam point of view, but impart real industry knowledge through in-class case discussions to make you job ready.