Last Updated on August 29, 2024
Earning a Bachelor of Commerce (BCOM) degree opens up many lucrative career opportunities in a variety of fields such as accounting, finance, management, law, and more. Choosing the right postgraduate course after BCOM is essential to specialize in a field and equip yourself. the skills needed to succeed in the job market. In this article, we explore some of the best courses after BCOM that can lead to high-paying jobs. The article mentions the 3 highest paying options: CA, MBA and CS; course admission requirements; availability of online courses; and entrepreneurial paths for BCOM graduates, such as consulting, e-commerce business, digital marketing agency, etc.
What are the Skills Required to Become a CA, the Best Job for Commerce Students?
There are so many skills that you will require to have a CA:
- Analytical Skills
- Attention to Detail
- Commercial Awareness
- Communication Skills
- Time Management
- Ethics
- IT Skills
- Interpersonal Skills
Read: 20 Best Courses After 12th Arts for High Salary
15 Best Courses after Graduation in Commerce for a High Salary
The 15 Best courses after graduation in commerce for a high salary are as follows:
| Course | Duration | Eligibility Criteria |
| Chartered Accountancy (CA) | 3-5 years | 12th Pass |
| Certified Management Accountant (CMA) | 2-3 years | Graduation in Commerce or a related field |
| Master of Business Administration (MBA) | 2 years | Graduation in any discipline |
| Certified Public Accountant (CPA) | 1-2 years | Graduation in Commerce or a related field |
| Chartered Financial Analyst (CFA) | 2-4 years | Graduation in Commerce or a related field |
| Company Secretary (CS) | 3-5 years | 12th Pass |
| Master of Commerce (M.Com) | 2 years | Graduation in Commerce |
| Financial Risk Management (FRM) | 1-2 years | Graduation in Commerce or a related field |
| Business Analytics | 6 months – 1 year | Graduation in any discipline |
| Actuarial Science | 3-5 years | Graduation in any discipline |
| Investment Banking | Varies | Graduation in any discipline |
| Financial Planning and Analysis (FP&A) | Varies | Graduation in Commerce or a related field |
| Human Resource Management (HRM) | 1-2 years | Graduation in any discipline |
| Digital Marketing | 3-6 months | Graduation in any discipline |
| Taxation | Varies | Graduation in Commerce or a related field |
Please note that fees, eligibility criteria, and timing may vary by institution and location. It is recommended to research specific details for each course at the respective educational institutions or consult a career advisor for accurate and up-to-date information.
Read: Top 10 Career Options After Bcom For Indian Students
What are the admission requirements for post-graduation courses after BCOM?
Different admission requirements for different post-graduation courses after BCOM:
- For an MBA degree, you must score a minimum of 50% marks in a BA. Additionally, you also need to pass entrance exams like CAT, XAT and MAT.
- For CA/CS, a minimum score of 50% is required to graduate. They must pass the basic and intermediate proficiency tests.
- At least 50% qualification is required to get an LLB. An entrance test like the CLAT is mandatory.
- For degrees, graduation certificates have a minimum score of 50%. Some institutes may conduct entrance tests.
- For CPA/CFA/ACCA, graduation and certification exams are held at each level.
Are there any online courses available for the courses listed?
Many of these courses are now available online or via distance learning, allowing working professionals to pursue them with greater flexibility.
- CA, CS, and CMA offer online classes and e-learning options.
- Many reputable colleges provide MBAs in an online format.
- Certain universities offer law courses online.
- Certifications in digital marketing and data science are now available online.
What are the career opportunities for BCOM graduates who want to start their own business rather than work for someone else?
BCOM graduates interested in entrepreneurship can look into opportunities such as:
- Domain consulting in accounting, taxation, finance, and other areas.
- Financial advisory services include wealth management and investment advice, among others.
- Independent Audit and Accounting Practice.
- Ecommerce Ventures operates an online retail business in a variety of niches.
- A digital marketing agency provides services in digital marketing.
- Helping startups and small and medium-sized businesses.
- Take advantage of the e-learning wave by offering online courses.
- Food and beverage businesses include restaurants, cafes, and cloud kitchens.
What are the admission requirements for post-graduate courses beyond BCOM?
Admission requirements differ for various post-graduate courses after BCOM:
- An MBA requires a bachelor’s degree with a minimum of 50% marks. It is also required to pass entrance examinations such as the CAT, XAT, and MAT.
- A graduation grade point average of 50% is required for CA/CS. They must pass their foundation and intermediate-level exams. a graduation degree with at least 50% marks is required for LLB. An entrance exam like the CLAT is needed.
- Diplomas require a graduation degree with at least 50% marks. Some institutes may conduct entrance exams.
- CPA/CFA/ACCA graduation and certification exams are available at each level.
Steps For Choosing The Right Career After Commerce
Not sure how you will choose among the many career options available to business students. Don’t worry, here are some steps to help you choose the right career for you.
- Determine Your Interests
You must be interested in the work you can do throughout your life. So, before choosing a trading career, evaluate your interests, abilities, goals and future skills. The shortlisted options meet all of these criteria.
- Do research
After choosing different courses and career options for commerce students, you need to research and gather information about them. Know their organization, future scope, revenue potential, risks involved, growth rate, etc.
- Get expert advice
Before choosing a commerce course or career option for commerce students, take expert advice. You can talk to people who are senior in the field, people who have taken that course or job or talk to a careers consultant. Talking to experts will give you more insight.
- Make a decision
After taking advice and doing research, choose the best potential candidate that also fits your interests, career goals, and income expectations and start working work based on that.
Highest Paying Jobs after Graduation In Commerce
The different Highest-paying jobs after graduation in commerce are as follows:
| Highest Paid Jobs in Commerce | Average Salary per Annum |
| Chartered Accountant | ₹789,396 per year |
| Investment Banker | ₹952,752 per year |
| Chartered Financial Analyst | ₹689,703 per year |
| Certified Public Accountant | ₹706,944 per year |
| Actuary | ₹972,899 per year |
| Cost Accountant | ₹548,004 per year |
| Professional Accountants | ₹248,912 per year |
| Retail Manager | ₹581,199 per year |
| Company Secretary | ₹412,665 per year |
| Personal Financial Advisor | ₹374,861 per year |
Conclusion
The best courses for high salary after graduation in commerce include Chartered Accountancy (CA), Certified Management Accountant (CMA), Master of Business Administration (MBA), Certified Public Accountant (CPA), and Chartered Financial Analyst (CFA). Eligibility criteria vary, but candidates with a degree in commerce or related fields are generally eligible. Course durations vary, with CA and CS taking 3-5 years and MBA typically lasting 2 years. Some professional certifications may be required.
FAQs
What are the best courses available after graduation in commerce for a high salary?
The best courses after graduation in commerce for high-salary prospects include Chartered Accountancy (CA), Certified Management Accountant (CMA), Master of Business Administration (MBA), Certified Public Accountant (CPA), and Chartered Financial Analyst (CFA), among others.
What are the eligibility criteria for these high-paying courses?
The eligibility criteria for these courses vary depending on the institution and the course itself. Generally, candidates with a graduation degree in commerce or a related field are eligible to apply for these courses.
What is the duration of these high-paying courses?
The duration of these courses varies widely. For example, courses like CA and CS may take 3-5 years to complete, while an MBA typically lasts for 2 years. The duration may also depend on the mode of study and the institution offering the course.
Are there any specific certifications required to pursue these courses?
While specific certifications may not be required for all courses, certain professional certifications such as CA, CMA, CPA, and CFA have their own examination and certification processes that candidates need to pass to become qualified professionals in their respective fields.
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