Education

Salary Expectations after B.Com: The Complete Guide

Throughout India, millions of students choose to pursue B.Com or a Bachelor of Commerce degree. This degree programme opens up several doors of opportunity in India, and its holders may expect to earn anything from INR 3,00,000 to INR 6,00,000 per annum.

Those with a B.Com degree can have a wide range of career opportunities and future scope of growth. These graduates can work as tax advisors, accountants, stockbrokers, and finance experts, and so on in various industries including e-Commerce, manufacturing, banking, etc. Find a complete guide with B.Com course details in the paragraphs below.

Jobs after B.Com and salary

A wide variety of careers will be available to successful B.Com graduates. A few career options for B.Com graduates to choose from are discussed below:

1)     Tax Consultant:- Tax consultancy requires you to assist businesses and individuals in minimising their tax liabilities. They’re well-versed in fiscal regulations, compliance procedures, and strategic tax preparation.

Average Salary:- INR 7 lacks per annum.

  • Auditor:- An auditor’s job is to gauge the extent of potential harm to a firm. An auditor may use a spreadsheet to examine the information present in existing books and records, or assess financial control mechanisms.

Average Salary:- INR 8 lakhs per annum.

  • Stock Trader:- If you’re good with numbers, money, the equity markets, and the securities industry, you could be a good fit for a career as a stock trader. To enter this field, students need to have the appropriate certification.

Average Salary:- INR 6 lakhs per annum.

  • Shipment Manager:- Managers in charge of exports and imports use a network of tariff codes to sort shipments. Facilitating trade via customs is another responsibility a shipment manager must take care of.

Average Salary:- INR 5 lakhs per annum.

  • Accountancy:- Accountants are responsible for filing tax returns, monitoring and analysing a firm’s profitability ratios, and making financial projections and vulnerability assessments while researching the company’s exposure to financial loss.

Average Salary:- INR 4 lakhs per annum.

  • Finance Consultancy:- A financial advisor is someone who helps a business plan for its economic future. Fundamentally, they formulate the necessary investments and strategic plans to bring financial success to a firm.

Average Salary:- INR 15 lakhs per annum.

  • Banking:- A consultant specialising in insurance is analogous to a financial advisor. The primary function of an insurance advisor differs slightly from that of a disaster recovery specialist. A banker’s primary function is to advise customers on financial concerns such as deposits, assets, mortgages, and commodities.

Average Salary:- INR 6 lakhs per annum.

  • Insurance Advisor:- The role of an insurance advisor is comparable to that of a financial advisor. The primary function of an insurance advisor differs slightly from that of a catastrophe recovery specialist.

Average Salary:- INR 5 lakhs per annum.

After B.Com, jobs and salary differ depending on the performance of the candidate, the specialisation, the company, job role, location and institution, among other such factors. While the B.Com salary in India can range between INR 2.5 lakhs and INR  15 lakhs per annum, a few specialised positions and large-scale conglomerates offer pay packages over INR 25 lakhs per annum.

Courses To Pursue After Bcom

1)       MBA

MBA is the best option if you desire a career in business or management. However, the reputation of the university you choose to attend will have a significant bearing on your professional prospects. This highly sought-after curriculum lasts for two years and provides many employment and social opportunities.

2)        MA in Economics

If you’re interested in economics but want to take it to the next level, you may get a Master of Science in Applied Economics. This course focuses on economics, with a secondary emphasis on operational and other financial niches.

3)        M.Com

The majority of B.Com graduates go on to pursue an M.Com. It’s like taking an upper-level Business Administration course, where you’ll focus on the same foundational business areas but with more advanced analysis and marketing patterns.

4)        Masters in Finance

If you wish to delve deeper into finance and accounting, a master’s degree in finance should be your ideal choice. Topics covered will include the more mathematical and technical sides of finance. This is a relatively new offering by a few top-tier Indian colleges.

5)       Public Accountancy

If you’re interested in accounting and want to work with top professionals worldwide, you might consider becoming a Certified Public Accountant (CPA). This programme spans one year and is well-known as an international programme that has the potential to land you various accountancy and finance jobs in multinational firms.

6)       Company Secretary

If you want to work as a secretary to a Managing Director or Chief Executive Officer, you should consider taking the Company Secretaries exam. It has enormous potential and opens many doors for people looking for work.

7)       Chartered Accountancy

The Institute of Chartered Accountants in India (ICAI) offers a three-part Chartered Accountant (CA) program that consists of the Common Proficiency Test (CPT), the International Professional Competence Program (IPCC), and the CA Final Exam. You only need a Bachelor of Commerce degree to take the IPCC exam.

What’s more?

These days, B.Com is the degree of choice for most students aspiring to work in commercial services. This course is a great way to find a solid grounding in the fundamentals of economics, commerce, business, accounting, budgeting, taxation, etc. Moreover, the average salary of a B.Com graduate in India is INR 6 lakhs per annum. Students can also opt to pursue a postgraduate degree if they want to get a higher-paying job and a better grasp of the field. To know more about the B.Com programme, its scope of placement and salary offerings, connect with an expert from Sunstone today.

About Sunstone

Sunstone is a leading higher education services provider that works with academic institutions in upskilling students for employability. Sunstone offers career-oriented training interventions for undergraduate and postgraduate students at 40+ institutions across 30+ cities.

Sunstone’s training programs are industry-endorsed to enhance employability. These programs are designed for hybrid delivery with an unparalleled focus on soft skills and personality development. Sunstone’s focus is to provide students with a holistic educational experience.

Frequently Asked Questions (FAQs)

  1. Which BCom has the highest salary?

The highest salary after a B.Com degree depends on the institution and the performance of the student among other factors. Usually, a B.Com in Financial Management has the highest pay scale since there is a diverse job profile available. The B.Com salary after this specialisation can go up to INR 20 LPA.

  • Which B.Com is best for a job?

Almost all B.Com specialisations are attractive for a plethora of job opportunities both in India and abroad. B.Com in Finance, Banking, Accounting are usually more secure than some of the newer offerings.

  • Is BCom good for my career?

B.Com is a brilliant option for a career in commerce or business-related fields. It offers lucrative placements and a curriculum that is industry and market-focused.

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