Bachelor of Commerce or B.Com has many courses and certifications that are embedded with BCom. Along with BCom Specializations and different types of BCom Courses like BCom LLB, BCom with CA or BCom with ACCA. BCom with MCom Integrated Course is also gaining attention among students. Pursuing the course from Top BCom Colleges in India opens doors to multiple opportunities. BCom from DU is a good choice for students who want to have lucrative job oppurtunities.
Table of Content
1.1 Professional Courses with BCom
1.1.1 ACCA
1.1.2 CIMA
1.1.3 Actuarial Science
1.2.1 CFP
1.2.2 Digital Marketing and Web Designing
2.2 M.Com
2.3 MBA Finance
2.4 Chartered Financial Analyst
2.6 Business Accounting and Taxation
3.1 BCom with LLB
3.2 BCom with MCom
3.3 BCom with MBA
Courses to Consider While Pursuing BCom
With the recent exponential growth of the Commerce industry, many opportunities are now available for all those who want to excel. Considering the tough competition nowadays, unfortunately, a simple 3-year B.Com graduation can leave you at a disadvantage. It is highly recommended that you try and build up your profile as much as you can during this 3-year period. Added certifications can be internships, summer schools, or professional courses and diploma courses. These can also provide new experiences and a great deal of exposure, widening your horizon to choose a better career path later in life.
Professional Courses with BCom
You can choose between some of the following professional courses for students pursuing B.Com.
ACCA or Association of Chartered Certified Accountants
- BCom with ACCA is a professional accountancy qualification recognized across the globe.
- Students can also apply for the following distinct degrees during the 3-year course, upon completing all the exams:-Diploma in Accounting and Business, B.Sc. in Applied Accounting, and M.Sc. in Professional Accounting.
- ACCA is an integrated course along with graduation (B.Com (Hons)) in International Accounting.
- Eligibility: Any student who has completed Commerce in their senior secondary school, including English and Mathematics/ Accountancy can apply.
CIMA or Chartered Institute of Management Accountants
- CIMA is a professional qualification in management accounting from the United Kingdom and Ireland.
- CIMA does not require any group-based exams and the passing percentage for Indian students currently is 40-50%.
- CIMA is associated with the CWA (Cost and Work Accountants) Institute of India.
- To pursue CIMA in India, the simplest way is to go to CWA and take 4 more papers to get the CIMA qualification.
- The average salary with a CIMA certification is INR 5-6 lakh, and fees for pursuing CIMA are approximately INR 2 lakhs plus the relevant tuition fees.
- Eligibility: There are no specific eligibility criteria for CIMA. Any student pursuing a B.Com can join and train with CIMA.
Actuarial Science
- The actuarial Science course focuses on the mathematical and scientific methods required to assess risk in finance, insurance, and other sectors and professions.
- To become an Actuarial you need to complete 15 papers, which are split into 4 levels.
- The duration of this course is approximately 8-9 years and today, only about 200 actuaries exist in India.
- Upon completion, the average annual salary is INR 60-70 lakhs per annum.
- Eligibility: A minimum of 85% in 12th standard in mathematics is compulsory. The selection is through 4 levels of tests, along with an eligibility exam- ACET.
Diploma Courses with BCom
Apart from the professional courses, students also go for some of these diploma courses with BCom.
CFP or Certified Financial Planner
- The Certified Financial Planner professional certification course is for financial planners and is conferred by the CFP Board, USA.
- It is recognized in around 24 countries across the globe and is rated as Gold Standard by Wall Street Journal.
- It is a 1-year course, with only 4 exams, each of 2 hours.
- The course fee is approximately INR 40,000 and post-course completion, the average salary is INR 4 lakhs per annum.
- Eligibility: There are no specific eligibility criteria, so it is ideal to pursue it while doing your B.Com graduation.
Digital Marketing and Web Designing
- Digital Marketing covers S.E.O management, Social Media Marketing, and content development. Web designing, on the other hand, involves the development of skills for the development and maintenance of websites.
- A variety of different areas such as graphic designing, and interface designing, including standardized code, proprietary software, and user experience design can be explored and learned in these courses.
- The course can take anywhere between 3 to 11 months and is provided by many institutes.
- The course fee is approximately INR 40,000 - 80,000 and post-course completion, the average salary is INR 4 - 15 lakhs per annum.
- Eligibility: There are no specific eligibility criteria, so it is ideal to pursue it while doing your B.Com graduation.
Courses to Consider After BCom
After one has completed BCom, these are some courses that can be pursued. These courses give you advanced knowledge of the BCom Subjects you have already studied.
Chartered Accountant (CA)
- One of the most common and popular careers for commerce students, after graduating with B.Com is CA or Chartered Accountant. All CA exams are conducted by the Institute of Chartered Accountants of India (ICAI).
- Given that, the best course of action a student should take is to pursue BCom with CA.
- In order to gain the qualification, you are required to clear 3 CA examinations- CPT, IPCC, and Final CA. Please note here, the IPCC exam has two groups;
- And after clearing one of the groups, in order to become a CA, students are required to register for an article-ship with an experienced Chartered Accountant for a minimum period of two and a half years.
- You can only appear for the Final CA exam, after clearing both groups of IPCC and successfully completing your article-ship.
- Similarly, Final CA also has two groups, and it is only after clearing both groups, can you officially affix CA before your name.
- CA Syllabus is formulated by ICAI and is divided into 3 levels: Foundation, Intermediate and Final. CA syllabus includes topics such as Accounting, Taxation, Auditing etc.
- Eligibility: You must have a graduation degree along with at least two and a half years of work experience
- After completing the CA course, students can find various lucrative and high profile CA job opportunities in various sectors like Finance, Banking, Tax, etc in the private as well as government organizations.and the average salary range is INR 7 - 20 lakhs.
Masters of Commerce (M.Com)
- This master’s degree in Commerce is a program that focuses on a systematic study of Statistics, Taxation, Marketing, Accounting, Business, Finance, Economics, and Management.
- Eligibility: You must have a graduation degree in Commerce.
- The M.Com course takes a total of two years to complete, and the average salary range is INR 3 - 5 lakhs.
- It can also pursue as an integrated which is BCom with MCom.
Masters of Business Administration (MBA Finance)
An MBA today is not uncommon. There is always someone in the family or friend circle who has an MBA. As far as the MBA is concerned, it is extremely important you are aware of the credibility of the institute you get your MBA degree. For example, if you are an IIM student, your career growth is more likely to upward from the beginning, as compared to pursuing an MBA from an ordinary or less renowned institute, which may not add any real value to your resume.
- All MBA courses require a good score in the CAT (Common Admission Test) exam. It is actually your CAT scores that determine your eligibility in almost all the top MBA institutes in India.
- While there are several streams you can get your MBA in, the ideal MBA is MBA-Finance after completing your graduation in B.Com.
- MBA Finance Syllabus includes core and elective subjects that impart knowledge of management studies, investment, and finance.
- MBA Finace is offered in full-time, distance learning and online mode.
- Eligibility: You must have a graduation degree. Some top institutes require you to have work experience as well (varies from institute to institute)
- An MBA degree takes a total of two years to complete. Candidates have multiple Job opportunities to explore such as Financial Analyst, Investment Banker, Finance Manager, Business analyst,,, credit risk analyst etc. and the average salary range is INR 6 - 15 lakhs.
Also Check: MBA Finance Admissions
Certified Management Accountant (CMA)
- Offered by the Institute of Management Accountants (IMA), USA, CMA is an international certification that is a great opportunity if you wish to go global or work in some of the top MNCs across the world.
- A CMA certification demonstrates your professional expertise in decision support, professional ethics, financial planning, analysis, and control, giving you a substantial edge over your peers for potential employers. To become a CMA, you need to clear two examinations.
- Students can also take up BCom with CMA.
- Eligibility: You must have a graduation degree along with at least two years of work experience
- The course can take six months or more to complete, and the average salary is INR 5 - 8 lakhs per annum.
Chartered Financial Analyst (CFA)
- CFA full form Chartered Financial Analyst, is probably the highest standard of professional excellence in the investment industry. CFA is a globally recognized qualification that is offered by the CFA Institute.
- In India, CFA aspirants are trained by EduPristine, India’s market leader for all three levels of CFA exams. CFA curriculums are offered through live online training, classroom training, and self-study packages.
- There are two CFA levels, viz. CFA Level 1 and CFA Level 2. CFA Level 2 exams are held two times.
- CFA Admission is done on the basis of an entrance exam for each of the CFA levels.
- Eligibility: You must have a graduation degree along with at least two years of work experience
- The course can take two and a half years to complete, and the average salary is INR 6.5 - 18 lakhs per annum.
- CFA Jobs include job positions such as Chartered Financial Analyst, Investment Manager, Portfolio Manager.
Also Check: How to become a Financial Analyst?
Financial Risk Manager (FRM)
- FRM is an exclusive certification for finance and banking professionals recognized and certified by the Global Association of Risk Professionals (GARP, USA).
- An FRM certification offers lucrative career options in structuring, modelling, risk management, trading, and more. The certification has a two-part exam that is conducted in May & November every year.
- Eligibility: You must have a graduation degree.
- The course takes 9 months to complete, and the average salary is INR 10 - 18 lakhs per annum.
Business Accounting and Taxation (BAT)
- The perfect platform for B.Com graduates without any work experience is the BAT certification. Instead of resorting to working in BPOs, sales, or back offices, as a B.Com graduate you can get certified in Business Accounting and Taxation.
- This course helps provide a practical understanding of taxation, reporting, accounting, and compliance, all the skills that are required by accounting firms, KPO, and other competitive finance and accounting profiles.
- Eligibility: You must have a graduation degree in B.Com
- The course takes 8 - 12 weeks to complete, and the average salary is INR 3 - 10 lakhs per annum.
Integrated Courses with B.Com
Candidates often prefer to take up integrated courses after the completion of their 12th-level board exam. The Integrated courses are popular these days due to the fact that the fees are on the lower side, the candidates can complete the courses in a single go without worrying about the admission process in the future and also in some cases save some years that are often invested in preparation for the course.
The following are the integrated courses with B.Com that the candidates can pursue good career prospects.
B.Com with LLB
B.Com with LLB is a 5 year undergraduate course that allows the candidates to combine their knowledge in commerce with legal expertise. Candidates after the completion of the BCom LLB can take up jobs as legal business advisors, solicitors, business consultants, management accountants, etc. The following are some of the important points that the candidates must keep in mind while opting for this course.
- The duration of the course is 5 years but often a leeway of 1 year is provided to the candidates.
- The candidates can pursue the course after the completion of their 10+2 level exam from any field. The candidates generally need to score at least 55% marks in their 12th with a 5% relaxation for the reserved categories.
- The candidates need to pass the entrance examination such as CLAT, AIET, LSAT, LPUNEST, and many more to be eligible to study the course.
- There are over 90 colleges in India that provide the B.Com with LLB courses. Names of the top colleges are National Law School of India, Bengaluru, National Law University, Delhi, ILS Law College, Pune, O.P. Jindal Global University, Sonepat, Amity Law School, [ALS] Delhi, etc.
- The average course fee ranges between INR 30,000-INR 12,00,000.
- The average salary after completion of the course is INR 468,000
B.Com with M.Com
B.Com with M.Com, is another integrated course with B.Com, that the candidates can pursue. The duration of the course is for 5 years. Candidates after the completion of B.Com with M.Com course can take various job roles such as account manager, investment manager, finance manager, accountant, sales executive, etc. The following are some of the important factors that the candidates must keep in mind before taking up the course
- Candidates from the commerce, as well as science stream, can take up this course after the completion of their 12th or equivalent examination.
- The minimum percentage required for this course is 50% in their 12th or equivalent level exam.
- Admissions are provided on the basis of a merit list or entrance examination. The entrance examinations are DUET, IPU CET, AUCET,etc.
- The top colleges that provide admission to this course are Annamalai University, Tamil Nadu, Gurugram University, Gurugram, Jyoti Nivas College, Bengaluru, etc.
- The average fee ranges between INR 20,000-INR 150,000.
- The average salary ranges between INR 372,000-INR 10,00,000
B.Com with MBA
Another integrated course with B.Com that the candidates can pursue is B.Com with MBA. An integrated MBA program allows the candidates to have better job prospects. The MBA course allows the candidates to climb the corporate ladder much quicker than a normal B.Com course. The following are some of the facts about B.Com with MBA course:
- The overall duration of the course is for a period of 5 years.
- The admissions are conducted on the basis of merit list or entrance examination.
- The candidates need to pass their 12th or equivalent level exam with at least 50-60% mark. The marks vary according to the college.
- The entrance examinations for this course are LPUNEST, DBS entrance test, etc.
- The popular colleges offering this course are Lovely Professional University, IME Ghaziabad, Doon Business School, etc.
- The average course fees range between INR 700,000 to INR 800,000.
- The average salary after completion of the course is INR 792,000
*Source for all salary ranges mentioned in this article is PayScale.
Courses with BCom: FAQs
Ques. Which MBA is Best After BCom Course?
Ans. There are many specializations that you can choose as per your interest or choice. In my opinion, an MBA in Finance Management course will be the best option After BCom Course. Finance Management skills generally involve overseeing the preparation of financial reports, direct investment activities, and implementing cash management strategies.
Ques. Which one is good, an MBA or an MCOM after a BCom course?
Ans. Both are good courses but their operations are somewhat different. MBA graduates are required to work in corporate and other companies while M.Com is to work in Colleges as lecturers and Professors. So it is up to you in which field you want to go. If you want to go for a teaching line, opt M. Com. else go for MBA.
Ques. Is it worth doing an M.Com after the BCom course?
Ans. M.Com is the advanced version of the BCom course. It is the immediate choice for BCom graduates. Those planning to go for a doctoral degree in commerce should opt after bcom course. However, there are other professional courses such as Financial Risk Management which can help one to get higher salary packages and fancy job opportunities.
Ques. What types of job opportunities are available for BCom graduates?
Ans. Students have plenty of BCom jobs in government as well as private sectors to choose from provided that they are not limited to careers in accounts and finance. Popular job profiles After BCom Course include - Accountant, Account Executive, Tax Consultant, Bookkeeper, etc.
Ques. Can I go for an MBA in sports management after my BCom?
Ans. Yes, definitely you can go for an MBA in sports management After BCom Course. It will give you the broad platform to shift careers. If you are passionate about working in a sports-related industry you should go opt for this course.
Ques. What is the scope of mass communication after BCom course?
Ans. If you are not interested in M. Com or MBA programmes in your post graduation and you are interested in journalism and mass communication then you can go for M.A. (Journalism & Mass Communication). There is a lot of scope in mass communication after completing your graduation in BCom. For a straight way, you can easily become a business journalist or an advertising master and can earn hundreds of thousands.
Ques. Can I pursue LLB After BCom Course?
Ans. Yes, you can pursue a career in law after b. Com. The general requirement for pursuing LLB in most of the top universities is to pass with 50% in graduation degree and you might have to clear some entrance tests with it.
Ques. Am I eligible for a government job after BCom course from distance learning?
Ans. Yes, BCom distance education is recognized by the UGC and hence students who graduate from distance education mode are eligible for government jobs as well.
Ques. How do I become a lawyer after BCom course as my undergrad?
Ans. You can simply apply to any law college and enrol for an LLB program (3 years). Note that LLB is NOT a master’s degree. It is a bachelor in law degree.
Ques. Which course is better after BCom course, LLB or MCom?
Ans. It depends on your if you want to be a taxation lawyer then you would do LLB or if you want to do a job in corporate finance or a bank job you can opt for M.com it’s your choice
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