In the last 2 decades, engineering has by and large been the most favoured course in India considering the wide spectrum of opportunities it offers in terms of attractive careers and higher education abroad. IT along with real estate and telecom among others, fuelled the growth of the Indian economy. This in turn spawned the growth of several other verticals - pharmaceuticals, healthcare, banking, finance, insurance, automotive etc. This has resulted in a huge demand for professionals with a sound knowledge of finance, marketing, and management, which has made a Bachelor’s Degree in Commerce (B.Com) one of the most sought after degree programs.
The biggest thing going for a B.Com degree is that it offers a wide range of opportunities to students in terms of further education and careers. Post a B.Com, students can pursue several short term certificate courses or PG programs/ competitive exams. They can get deeper into finance, shift to marketing, or pursue careers in banking, insurance, stock markets or various other streams.
With a good foundation of finance and accounting B.Com students can shift to lateral roles within the organisation better than students from most other streams. Also, the degree acts as a foundation to several other courses in finance, insurance, marketing, consulting, investment banking, wealth management, stock markets, and more. Here are some of the possible specialisations and career opportunities for b com graduates.
Banking – One of the fastest growing sectors in India, banking offers not just jobs but challenging career opportunities. Government sector banks recruit B.Com graduates as clerks, tellers or officers (on passing the required exam) or similar posts. Several private banks such as Kotak, ICICI, Standard Chartered Bank etc. offer jobs as well. One can pursue additional qualification / certification programs/ internal exams many of these organisations conduct for promotions or increments.
Accounting – Financial accounting/ book keeping is an ‘eternal’ skill. B.Com graduates are hired by companies large and small in the public and private sector and always have excellent scope to grow in this space. Any growing organisation needs to maintain its books of accounts, payables, salaries, vendor payments, GST filing, IT returns, and other matters related to GST and Income Tax.
Insurance - According to IBEF, India is the 5th largest insurance market in the world, growing at a rate of 32-34% each year. B.Com students can pursue attractive careers in any of the leading insurance companies to promote a range of life or non-life insurance products. While it is a competitive space, it is also growing rapidly, expanding to newer areas with innovative products.
Tax Audit - Once they gain sufficient experience in accounting, B.Com graduates can evolve to become tax consultants/ auditors. This involves helping individuals and businesses with filing their tax returns, GST submissions, refunds, processing claims etc. They can also take up several short term certificate courses to acquire more expertise.
Wealth Management - Several professionals like doctors, tech consultants and lawyers prefer to handover their wealth management to professionals. These professionals invest their clients’ funds in stocks, shares, equity, mutual funds etc. assuring them of attractive returns. There are several courses available to equip finance professionals in this space.
Education - On completing your B.Com degree, you could pursue your B.Ed degree, a prerequisite to become a teacher in a government or a private school. You could pursue your M.Com degree, a two-year program and go on to become a lecturer in a government, aided, or private college. You could at a later stage, earn a PhD which qualifies you to occupy the position of a Head of the Department or the Dean or take up various other senior admin positions in an educational institution or university.
You could earn your MBA and pursue your career as a sales/ marketing/ project manager in any domain. This does offer excellent growth opportunities and you could leverage your financial grounding in this job.
Chartered Accountancy (CA), is one of India’s toughest and most respected competitive examinations that allows you to practice on your own or join a company. You will have excellent growth opportunities and could be a financial adviser or a CFO (Chief Financial Officer) of an organisation.
Becoming a Company Secretary (CS) is another option. The role is to ensure compliance and facilitate communication between the board of directors and other stakeholders, besides managing all necessary corporate records.
Other courses include Chartered Financial Analyst, US Certified Public Accounting (CPA), Business Accounting and Taxation (BAT), Certified Management Accountant, Financial Risk Manager, Association of Chartered Certified Accountants (ACCA) etc.
Several competitive exams demand that the candidate must have completed a basic 3-year, full time degree from a recognised university. Post completion of B.Com, individuals can appear for their UPSC exams, RBI, LIC-AAO, SBI PO, and various other public sector bank or government exams that provide direct employment into those respective departments.
Students of B.Com can take up courses in stock trading or forex trading and join stock trading companies or begin trading themselves. There are several stock broking companies that would need traders and analysts.
For the adventurous kind who wish to pursue some alternate careers, there are those new age careers! Students could learn videography and video editing skills to become YouTubers, sharing their views on the stock market or other topics on finance, insurance or banking.
The School of Commerce and Management Studies at Dayananda Sagar University (DSU), renowned for its excellence in higher education, offers a range of B.Com programs tailored to meet the diverse needs of students. These programs include a regular B.Com, as well as specialized coaching for ACCA, CMA, and CA certifications.
The B.Com program at DSU is highly esteemed for seamlessly blending industry-based curricula with robust fundamentals, producing graduates who are highly sought-after in today's competitive job market. With a meticulously designed curriculum, the program ensures students acquire essential business and accounting skills, with a focus on specialized areas such as finance, business analytics, supply chain management, and taxation. Grounded in well-researched concepts, this industry-oriented program cultivates innovation, ethics, and intellect among students, providing them with practical exposure to common accounting tools and applications essential for success in competitive work environments.
Furthermore, the B.Com program at SCMS (School of Commerce and Management Studies) offers top-notch training to aspiring managers, integrating modern teaching methodologies, cutting-edge research, and valuable industry interactions. With a keen emphasis on leadership in today's rapidly evolving technological landscape, the program fosters a competent, innovation-driven, ethical, and intellectually stimulating environment.
Through hands-on exposure to real-world business scenarios and the latest technological trends, this program prepares students to navigate dynamic business environments effectively. Additionally, the curriculum fosters the development of critical thinking skills, enabling students to adeptly address complex challenges encountered in the business world.
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