Courses after B.Com: Best Career Options for Commerce Graduates

Are you appearing for your B.com final examinations very soon? or Have you already completed your graduation in the field of commerce? Once you finish off your exams, you tend to get worried about your further career plans. What to do now to build a good career? Which are the best courses after B.com? Which commerce courses can promise you good salary packages or high earnings? These are the queries that you ponder over. Right!

Don’t worry, we are here to make you familiar about the various popular Courses after B.com or Bachelor of Commerce that you can surely consider while taking the right career decision.

If you have clear goals in mind, it’s wonderful. But, if not it’s high time for you to take a wise decision for building a strong and successful career.

Looking at the plethora of options around, you are likely to get confused. So, here we bring you a brief idea on the different courses that you can actually pursue after completing your Bachelors in Commerce or B.com.

Best Courses after B.com: Types

Commerce graduates have a wide variety of Post Graduation programmes, Professional courses, Diploma courses and other Certification courses to choose from and move ahead in the right direction.

It’s not easy to grab decent jobs for fresh graduates, so going for higher studies can be a great value addition to your CV (Curriculum Vitae).

You can select from any of the following options based on your priorities and interests :

• Master’s Degree: M. Com and MBA
• Professional Courses: CA, CS, CFP and LLB
• Professional Courses (International Certifications): CPA , CMA and ACCA
• Post Graduate Diploma Courses and Post Graduate Certificate Courses

Courses after B.com: Master’s Degree

Here’s a list of popular courses after B.com that students like to pursue:

1. Masters of Commerce or M.Com:

The most preferred choice of students is M.com or Masters of Commerce. A 2 year Post Graduation course which you can do from any of the recognised institutes/universities. You can choose and gain specialisation in the field of your choice like:

• Finance
• Banking
• Taxation
• Accounting
• Management
• Marketing
• Economics

M.Com exams are conducted semester wise at most of the universities/colleges. You can go for a regular commerce college or through distance education as per your preference and schedule.

2. Masters of Business Administration or MBA:

Done with your B.com, you are surely going to get the advice for doing an MBA. Yes…Why not go for it? MBA or Master in Business Administration is another awesome addition to the list of courses after B.com. Commerce graduates interested in acquiring  management skills can opt for a good MBA course from a reputed institute. Here also you can have the following specialisation like:

• Financial Management(Finance)
• Marketing Management(Marketing)
• Human Resource Management (HR)
• Banking & Insurance(B&I)

If you are the lucky one to get placed in the top Business schools, there’s no way looking back. You are on the way to see yourself at a respectable position in the corporate world.

Professional Courses for Commerce Students

Here’s a collection of professional courses that students of commerce background generally study:

1. LLB or Bachelor of Legislative Law:

Going for an LLB or Bachelor of Law is also a common choice amongst commerce students. If you have a keen interest in law and want to build a career in this field, this might be a good fit for you. Once you complete your B.com you can join the 3 year LLB course where the minimum eligibility criteria is graduation.

There is also an option for Integrated course which is of 5 years duration which you can join after 12th standard. The admissions are based on your qualifying degree plus Law Entrance tests that are conducted at national level or institute wise.

You may like: Top 10 Law Colleges in India

2. CA or Chartered Accountancy:

CA is regarded as one of the best career options for students in the commerce field. CA can be pursued from The Institute of Chartered Accountants of India. This consists of three levels: Foundation(CPT), Intermediate(IPCC) and CA Final. If you join CA course after B.com you are eligible to enrol for the Intermediate course directly. However, you can apply for CA course at an early stage i.e. directly after 12th standard by appearing in the entry level exam i.e. Foundation/CPT. You also have to undergo compulsory articleship (training) as a part of this prestigious course.

However, this is a top level professional course wherein you need to put immense hard work and consistent efforts to achieve success. Complete determination and patience matters a lot while pursuing the CA course.

3. Company Secretary or CS:

CS is also a good professional course that deserves a mention in the list of top career options for Commerce students. CS is offered by The Institute of Company Secretaries in India. Just like CA you can apply for CS after your 12th standard directly and get enrolled in the Foundation programme.

However, you can join this course after completing your graduation also wherein you can register for the second level i.e. Executive Programme.

Important:

Career options like Chartered Accountancy and Company Secretary are a great choice for commerce students. But, it’s better to join and pursue such courses along with graduation i.e. directly after 12th standard. So, this way you can save some of your crucial years if you carry on these professional courses simultaneously with your undergraduate degree.

CA and CS hold a very strong position when it comes to choosing the best courses after 12th commerce.

*Emerging Careers in Commerce:

CFP or Certified Financial Planner and CFA or Certified Financial Accountant are two other emerging career alternatives for commerce students.

Professional Courses after B.com : International Certifications

1. Certified Public Accountant or CPA:

CPA is one of the top most professional course at the global level. If you look forward towards attaining the highest standard of competence in accounting, CPA is your perfect answer. This is offered by the world’s largest accounting body, The American Institute of Certified Public Accountants (AICPA).

If you wish to move abroad or work with US based financial companies, CPA is the best and the right choice to add to your accounting and financial expertise.

You shall gain a deep understanding of US Generally Accepted Accounting Principles (GAAP), Generally Accepted Accounting Standards and International Financial Reporting Standards (IFRS). Adding to it, you also learn and gain in-depth knowledge on US federal taxation and laws.

Also, have a look at CFA Certification: How to become a CFA?

Test Your Knowledge

CFA Level 1 Exam – Quantitative Methods

300

Created on August 12, 2020 By admin

CFA Level I Quantitative Methods

Questions relating to Quantitative Methods

1 / 10

Efficiency of an unbiased estimator is measured by its:

Mean value

Variance

Sample Size

Wrong

Correct

2 / 10

Intergenerational data mining involves using:

information established by preceding researchers for guiding current research.

information that might not be become publicly available until sometime in the future.

an extensive search of variables in an international database.

Wrong

Correct

3 / 10

A discrete probability distribution is the same as

an absolute frequency distribution

a relative frequency distribution

a collection of all possible outcomes of an experiment

4 / 10

A numerical descriptive measure of a population, usually unknown is known as

Statistics

Parameter

Point Estimator

5 / 10

You can best summarize a large mass of data pictorially by means of

Histogram

A Range

Frequency Table

6 / 10

If the Mean, Median and Mode of a distribution are 3.5, 3.8 and 4 respectively, the distribution is said to be:

Positively Skewed

Negatively Skewed

Symmetrical

7 / 10

As the degrees of freedom increases and the t-statistic approaches towards the z-statistic, the tails of the distribution most likely become:

thinner.

thicker.

unchanged.

8 / 10

Given the Probabilities as:

P(A) = 35%

P(B) = 65%

P(B | A) = 65%

What is the probability that Event A and Event B occur?

35%

65%

22.75%

9 / 10

In a positively skewed distribution:

Mean=Median

Mean>Median

Mode>Median

10 / 10

A property and potential benefit of using arithmetic mean is its ability to:

focus on relative positions of the ranked observations.

use all the data about size and magnitude of the observations.

handle extreme values.

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2. Certified Management Accountant or CMA:

This course is offered by the Institute of Management Accountants (IMA) USA. Another globally recognised and the highest level certification in management accounting. An advanced level course for students providing you requisite learning in the field of financial planning, decision making, analysis and control.

If you are thinking to go global or work for top MNCs, exploring international certifications can be an added advantage to your profile.

You may also like: Best Career Options in Stock Market

3. Association of Chartered Certified Accountants or ACCA:

ACCA or Association of Chartered Certified Accountants is the world’s leading international accountancy organisation. If you are thinking to develop a fruitful career in accounting, banking or management this might be of your interest.

You have to clear 3 levels: Knowledge, Skills and Professional. Students who are doing graduation are eligible for the Skills level. While the ones going for it immediately after 12th need to join the Knowledge level. If you are a CA, CMA or ICWAI student, you can get exemptions and can start from the Professional level only.

Hope you liked our massive list of Courses for Commerce students. However, students of other streams are also eligible for most of these educational courses. But, we have primarily emphasized on the important ones for commerce graduates that can take their career to new heights.

There are a whole range of Post Graduate(PG) Diploma Courses like PG Diploma in Banking, Insurance, Taxation and investment banking which you can consider. Further, a variety of PG Certificate Courses like Actuarial Science, Bank Management etc. can also be added to the list of commerce courses.

After completing your graduation, you can apply for Bank exams and get a good banking job. You can also appear for Civil Services exams or apply for other Government jobs wherein the minimum eligibility criteria is graduation. So, the list just goes on…

You may also like: Best Job Portals in India

Best Courses after Bcom : A Final Take

If you have a graduation degree only, this might not give you the desired placement and a high source of income. Hence, adding to your qualifications and skills is anyways beneficial in this fast moving world.

Going for a Post Graduation(PG) degree or a Professional course definitely helps in the long run. Moreover, if you keep on acquiring and enhancing your industry specific skills, you can grab better opportunities in life.

Test Your Knowledge

CFA Level 1 Practice Quiz – Economics

214

Created on September 11, 2020 By admin

CFA Level 1 Economics

Questions relating to Economics

1 / 10

Inflation in a country usually leads to

appreciation in its own currency.

depreciation in its own currency.

no impact on real exchange rates.

2 / 10

Inferior goods refer to

goods whose demand increases with increase in income.

goods having positive income elasticity of demand.

goods whose demand falls with increase in income.

3 / 10

Hyperinflation is caused by

reduction in money supply.

increase in money supply and demand-pull inflation.

rapid fall in demand of goods.

4 / 10

Which of the statements is correct? GDP or Gross Domestic Product is

Monetary value of final goods & services produced in a country in a given period.

calculated through “Production approach” only i.e. sum up value added at each stage of production.

doesn’t reflect the general health of the economy.

5 / 10

Which of the following statements is correct? A government’s fiscal deficit can be financed by

Combination of Inflows of foreign savings & private sector savings.

Increase in domestic savings

Trade surplus

6 / 10

The changes in prices of all the goods and services produced in economy can be measured by

Producer Price Index

Consumer Price Index

GDP Price Deflator

7 / 10

Leading Economic Indicators (LEI) are:

Statistics that depict economy’s past conditions.

Statistics that precede major economic events and used to predict future movements.

identifiable only when an economic trend or event has occurred.

8 / 10

What does a negative cross-price elasticity between two goods indicate? They are likely to be

complements.

substitutes.

inferior goods.

9 / 10

John is researching on an industry. He discovers it has numerous buyers and sellers. There is free entry and exit in the market. The firms’ motive is profit maximization and there is no consumer preference. So, what kind of market structure the industry has?

Oligopoly

Monopolistic Competition

Perfect Competition

10 / 10

Which one of these is least likely to cause a shift in the long-run aggregate supply curve?

Stock of Physical Capital

Input Price

Change in technology

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If you wish to have a fairly decent job or want to be self-employed and set your own business, either ways any additional level of education surely opens new doors to success.

So, the primary thing to do is to analyse your own interests and then decide the Best course for yourself based on it. Your inclination towards a particular field is what matters the most.

Are you interested in stock market? You may also like: Top 10 Stock Market Training Institutes in India

No need to worry!! Even if you had opted to become a working professional just after B.com. You can further grow and add up to your qualifications by applying for any of the relevant PG Programs. You also have the facility and advantage to pursue some of the PG courses through distance learning or correspondence programs.

There are many other career options after commerce, we have included the most preferred ones in our list. If you have the zeal to go for something different and innovative, you may like to checkout our extensive list of Best Creative Career Options.

Get A Quick Answer to any Financial Query? Visit The Fintrakk FAQ Hub

This was our exclusive list of some of the common and the best courses after graduation in commerce. Which course after B.com are you thinking to join? Do you have any other career plans or unique ideas in mind? If you have any queries or feedback, feel free to share in the comment section.