WHAT ARE MY CAREER OPTIONS AFTER A BACHELORS IN COMMERCE (B. COM)?
Bachelors in commerce is a greatly sought out-degree, particularly for those who want to pursue a career in the corporate sector. However, many people think the only way you can get there is with an MBA following your bachelor’s degree. Right? Well, no. We’re happy to tell you that you can pursue courses other than an MBA after your B. Com and even join the workforce immediately. Plus, you have many choices as well to study and work outside the corporate world. After a B. Com from a good college, such as Sri Ram College of Commerce, Delhi; Fergusson College, Pune; or SRM University in Amravati, Andhra Pradesh, you can pursue careers in government, public sector banks, education, law, research, communication and more. Here’s a comprehensive list of career options, including diploma courses after B. Com and job-oriented courses after B. Com:
What are my options for further study?
Professional courses after B. Com
An MBA from a premier institute is an evergreen option to build your career. You will be required to take the CAT for the IIMs and other entrance exams for institutes like XLRI, Jamshedpur and Indian School of Business, Hyderabad. In an MBA, you can specialize in options such as finance, marketing, human resources, foreign trade, and more. Choose a specialization allied with your strengths to get the most out of your MBA degree.
Where: The IIMs; XLRI; ISB; FMS, University of Delhi; Symbiosis, Pune
Which jobs: Depending on your specialization, you can work as a manager in various departments of Indian and multinational companies. Statistics show companies like American Express bank, tech giants like Google and Intel technologies, and consulting firms like KPMG and Deloitte are some of the top hirers of fresh MBAs. Indian businesses like Aditya Birla Group, Airtel, Reliance Industries also hire fresh MBAs on campus and outside.
Monthly salary: Graduates from tier-1 colleges like IIM Ahmedabad and ISB can expect a monthly average salary of Rs 1,25,000.
Accountancy and finance certification courses
Love crunching numbers? You can opt for exams like Chartered Accountancy (CA), conducted by the Institute of Chartered Accountants; Company Secretary (CS) conducted by the Institute of Company Secretaries of India, and Chartered Financial Analyst (CFA) program offered globally by the US-based CFA Institute. The International Certified Public Accountant (CPA) and Certified Management Accountant (CMA) are two other lucrative certifications you can consider. Although qualifying all stages of these prestigious courses, especially the CA and CS exams, is challenging, their rewards are well worth the hard work. Another advantage is, you can start many of these certification courses as additional courses with your B. Com since their entrance requirement is that you have passed your Class XII exam.
Which jobs: After qualifying the CA and CS exams, you have to apprentice with chartered accountancy or company secretary firm for a few years. Post this, you can work as a CA or CS, respectively, or a risk manager, corporate accountant, investment manager, and more for any Indian or multinational firm. CFA and CMA also require training. The advantage with a CPA certification from the USA is that it can be completed within 12 months.
Monthly salary: According to a survey conducted by The Hindu, starting monthly salaries for CAs range from Rs 65,000 to Rs 2,00,000. For those working as a CS with a firm, monthly salaries start from Rs 28,000-40,000, but there’s a steep upwards curve with experience. After the CPA course, or CFA OR CMA, you can work as a corporate accountant, risk manager, or in other roles in corporate banking, finance, and management with an MNC. Here, your monthly salaries are between Rs 30,000 to Rs 2,00,000.
After your 3-year B. Com degree, you can appear for the Common Law Aptitude Test (CLAT) which enables you to get into a Bachelors of Law (LLB) program. If you specialise in a company, corporate, patent, or intellectual property law, you can join the legal department of any Indian or multinational corporation as an attorney or legal advisor.
Where: National Law School of India University (NLSIU), Bangalore; Symbiosis Law School, Indian Law College (ILS), Pune; MSU, Baroda
Which jobs: You can work as a legal associate, corporate counsel, or attorney with various businesses. Although the job titles differ, the profile is essentially similar: you will be working in the corporate law department of companies, like Amazon India, Tata Consultancy Services, and Proctor and Gamble.
Monthly salary: From Rs 60,000 upwards
Postgraduate courses and diplomas in journalism
Do you feel you have an opinion to share on start-ups, the state of the economy, and multi-million-dollar acquisitions? A master or postgraduate diploma in business journalism after your B. Com prepares you for a career in print, TV, or digital media!
Where: Asian College of Journalism, Chennai; Indian Institute of Mass Communications (IIMC), Delhi
Which jobs: You can work as a business reporter, writer, or editor with a consulting firm, newspaper, news agency, TV channel, or website, depending on your preference and specialization. Popular employers in India are the Mint, TV18, Gartner, and The Economic Times
Monthly salary: Reputable print and digital media outlets pay a starting salary ranging from Rs 25,000 to Rs 40,000. For TV channels, the salary can go up to Rs 60,000.
Academic courses after B. Com
Masters and PhD courses in commerce, marketing, and finance
Not everyone dreams of joining the corporate world. Some are enthused about the fields of research and education. If that’s your bent of mind, you can always opt for advanced study courses like M. Com and then PhD in India, or an MS/ PhD program in commerce, marketing, or business economics overseas. Programs in the US may require you to qualify the GRE and TOEFL exams and may be fully funded, so keep a lookout for scholarships. After your M. Com or MS, you can apply to teach at a school or a college. You’ll need to qualify the Bachelors of Education (B.Ed) or National Eligibility Test (NET), for school and college teaching, respectively.
Where: For M. Com – Sri Ram College of Commerce, University of Delhi; Stella Maris College, Chennai; St Joseph’s College of Commerce, Bangalore. For PhD in commerce: SRM University, Amravati, Andhra Pradesh
Which jobs: Assistant or associate faculty at a college, a teacher in a school, market research analyst or manager with a firm
Monthly salary: For government and accredited colleges, monthly salaries start from Rs 35,000, while for schools the range begins from Rs 28,000. For private-sector jobs, expect a salary upwards of Rs 25,000, depending on your role and the hiring company’s profile.
Can I get a job right after my B. Com?
Although adding advanced courses to your belt after a B. Com makes you eligible for more, better-paying jobs, there are also plenty of job options for you right after your graduation. Let’s take a quick look:
Govt, Defence, and Public Sector Banking Jobs
Government jobs after a B. Com are a great option. After your B. Com, you can take the Indian Administrative Exams (IAS) and the Provincial Civil Services Exam (PCS) to join the central government. Most such competitive exams require only a Bachelor’s degree, so they are always a good option. You can also take the Central Defence Services (CDS) or NDA exams to join the armed forces, and bank exams to join public sector banks, such as Bank of Baroda and Punjab National Bank.
Monthly salary range: Upwards of Rs 50,000 for IAS, PCS, and defence services; upwards of Rs 38,000 for probationary officers (PO) in banks.
Private sector jobs
Work in Audit and Accounting
You can work as an accountant or auditor for large Indian firms and MNCs like Reliance Industries, Wipro, Tata, and more. You’ll be working in a team in a large department that handles the closing of books, finalization of accounts, tax audits, cost audits, and more.
Monthly salary: For a fresh B. Com graduate, a reputable firm can pay a monthly salary of Rs 25,000 to Rs 40,000.
Work as a financial analyst
Since you will be familiar with finance and accounting systems, you can find work as a financial analyst with MNCs, consulting firms, or Knowledge Process Outsourcing (KPO) firms, such as KPMG and Genpact.
Monthly salary: Rs 25,000 and above
Work as a finance manager with financing firms
Private financing companies such as Bajaj Finance and Veritas are often on the lookout for finance officers who can sell, disburse, and manage their loan products, as well as customer portfolios. Your familiarity with finance and economics will come in handy here.
Monthly salary: Rs 20.000 and above
Work as an analyst with private and investment banks
You’ll be happy to know that banks like Indian banks like HDFC and ICICI, as well as global investment banks like JP Morgan often hire fresh commerce graduates to work as accountants, banking analysts, and customer service officers. To make yourself eligible for these prestigious hires, opt for a B. Com from a prestigious university, and try maintaining high grades.
Monthly salary: Rs 20,000 and above
With so many options available, you’ll be hard-pressed for choices after your B. Com. If you’re still confused about what to do, decide based on your strengths and interests rather than current trends. After all, finding a career you love is the best lifetime investment you can make!
What to do after a BTech in electrical engineering?
If you grew up fascinated by Nikolas Tesla and Thomas Edison and draw up blueprints of energy-saving toasters and talking TVs for fun, a bachelors in electrical engineering may be the right career choice for you. But clichés aside, did you know electrical engineers work in almost every industry you can think of, from GPS technologies to the army to robotics to filmmaking? Basically, any industry which uses electricity-powered devices and technology relies on electrical engineers. What’s more, electric engineering (EE) is one of the traditional branches of engineering, which is endlessly adaptable to fields of artificial intelligence and machine learning. Given the incredibly diverse types of electrical engineering careers, a BTech/ BE in this field can be extremely rewarding. But before we look at potential job opportunities in the electrical engineering field, let’s ask some basic, but important, questions:
What does an electrical engineer do?
An electrical engineer designs, creates, tests, and maintains electrical equipment. This equipment can range from simple circuits in automobiles to electric prosthetic limbs to parts of spaceships and satellites!
Gone are the days when you thought civil engineering offered just one kind of job; today, you can have many exciting career paths after civil engineering! From traditional roles in construction to opportunities in nuclear plants, civil engineering jobs in India are more varied than ever before. Apart from going for higher studies, here are the top 7 jobs you can take up right after a civil engineering bachelor’s degree:
- PSU Jobs for Civil Engineer
Civil engineers are always high in demand in public-sector undertakings, such as Hindustan Aeronautics Limited (HAL) and NPCIL (Nuclear Power Corporation of India Limited). To apply for a PSU job, you need to take the competitive Graduate Aptitude Test in Engineering (GATE). If you score well, then you will be termed eligible in any of the PSUs. Apart from job security, you also get an attractive starting salary of Rs. 24,900 – Rs. 50,500
- Government Jobs for Civil Engineer
Ever since the 6th and 7th Pay Commission revisions have rolled in, civil engineering salaries in India, especially, the government sector pay better than ever. Through the GATE, you can apply for a civil engineering job at government bodies, such as Railways and Indian Space Research Organization (ISRO). Starting salaries for assistant engineers range from Rs 20,00 to Rs 50,000, depending on your GATE score.
- Nuclear Plant Engineer
It may surprise you, but government-run nuclear energy plants also hire civil engineers to design and maintain power station, reactors and more. Since the safe use of nuclear energy is such an emerging field, a career as a nuclear plant engineer with bodies such as Bhabha Atomic Research Centre (BARC) is a great alternative career for civil engineers. GATE required. Salary range: Rs 20,000 to Rs 50,000
As your final BE semester rolls around, Indian and multinational corporations start visiting your campus for recruitments. Or you may be in the middle of admissions to a business school. In either case, you are likely to face a group discussion or a GD round as part of the selection process.
So, what exactly happens in GD rounds and why are they so important?
In a typical GD round, candidates are divided into groups of 8 to 10 members. Each group of candidates is assigned a topic or a situation, allotted time to brainstorm, and then asked to discuss the topic among themselves for 15-45 minutes. A panel of judges tests each group. Every individual’s ability is evaluated by how they articulate their point of view and communicate it effectively with group members. So, what can your performance in a GD tell an evaluator about you? Quite a bit actually. Organizations rely on GDs as a screening tool because working and communicating seamlessly in a team is one of the biggest markers of your success as a manager. Not only that, but GD rounds also evaluate candidates for awareness, the ability to lead and listen, and the ability to conceptualize. While all this may seem a bit daunting, remember there is no reason to get intimidated by a GD. Preparing yourself in advance for a GD round is half the battle won.
Wondering what your career options are after Class XII? Today, graduate and post-graduate universities in India offer many specialized, cutting-edge courses customized to your unique interests, which can help you kickstart a new career in tomorrow’s competitive job market. Here are the best courses to study at university, according to your stream!
Courses after 12th with Arts
A career in the Arts is often underplayed, but the truth is a grounding in liberal arts is extremely important in the development of emotional intelligence as well as social awareness, factors which distinguish leaders from managers in the long-term. Not only that, the arts also actually offer many degrees that open the doors to great career choices! (more…)
If you’ve been dreaming of auditioning your next big business idea on Shark tank since the age of 10 or can’t wait to dive into the world of management and entrepreneurship, a Bachelors in Business Administration (BBA) is the right course for you. Launched less than 30 years ago in India, a BBA was one of the first professional Bachelor’s degrees on the block, excepting the fields of engineering and medicine. Since then, the course has only grown in popularity, allowing you a chance to get a good job right after college. Before we explore what kind of jobs are available after a BBA, it is helpful to know what you’ll be studying in a well-designed BBA course.
What is a BBA?
Typically, a three-year long course, a BBA includes core modules in business studies, economics, marketing, and computer science. Since it a professional course, the BBA emphasises project work & practical, hands-on training in management, leadership skills, teamwork, and communication abilities. This is carried out through case studies, visits to work sites, and internships. The end goal of a BBA is to leave you career-ready for management, in case you don’t want immediately to pursue higher studies. Another question you may have is how to get a job after your BBA. Most good institutes offer campus placements, primarily if you have scored well in your course, so doing well in academics always helps. Even if your institute doesn’t offer placements, many Indian and multinational companies (MNCs) hold recruitment drives for entry-level managers, analysts, and researchers.
Dr Sujith Kalluri
“Research: The distance between an idea and its realisation,” said the powerhouse of 20th-century mass media, David Sarnoff. The present might be filled with ideas, but it’s only quality research that will take them to their logical conclusion in the future. At SRM University AP the focus on research is manifold. The University is forging stronger relationships with the industry to promote research that is high on application in the real world. It also strives to inculcate research bent of mind amongst students through their active involvement in projects.
Dr Sujith Kalluri, Assistant Professor, Department of Electronics and Communication Engineering at the University, is part of one such project. The Venus International Foundation – Young Scientist Award winner 2017 is part of six-faculty team that is working on interdisciplinary research on Battery Technology, from the science to project development. The project has already attracted industry interest and offers brilliant exposure to students involved. The passionate researcher talks about his project and other initiatives at the University.
Charged about the project
Dr Kalluri’s research interest lies in Rechargeable Batteries, and Electronic Testing and advanced diagnostics of Lithium-Ion Batteries. He is grateful for the support of the leadership at the university, which has resulted in SRM-Amaraja Center for Energy Storage devices. “Our key objectives include fast charging technology in Lithium-Ion Batteries which enables fast charging of Electric vehicles. We also aim at implementing the additive manufacturing technology in the large scale production of battery electrodes,” he says looking ahead.
Research with high “application factor.”
Dr Kalluri reveals that the project being conducted at the University hopes to inspire manufacturing of large production of battery electrodes so that the industry can easily meet the demand for the Lithium-Ion batteries. “The goal would be to reduce the charging times for our Smart Phones and Electric Vehicles. So the research has tangible implications for these industries. Another aspect is the concern about Lithium resource around the globe. So we have to look at alternatives that are competitive with Lithium-Ion batteries,” he says.
The merits of interdisciplinary research
One of the highlights of the research project at SRM University AP is its multidisciplinary nature. It involves six faculty members from different engineering backgrounds, Physics and Chemistry. Dr Kalluri asserts that the expertise they bring to the table creates an enriching environment for research. “The faculty pool and resources give us perspective and direction. India has set a goal of at least 20% electric vehicles by 2030, so that gave us the motivation. Amaraja Batteries Limited have visited us several times and offered positive response,” he speaks of the impact.
Student involvement in research
Dr Kalluri states that they are currently in the process of recruiting PhD scholars, researchers and technicians for the centre. They also have a plan to recruit undergraduate and postgraduate students for the project. “They will be involved in R&D while researchers and faculty members focus on product development. Thus they will get first-hand insights into how research is done as well as how a product is developed. We also have an Undergraduate Research Program where students complete projects under the guidance of faculty mentors,” he explains.
The prototype of Electric Vehicle, Bio-Medical analysis of MRI scans, Centre of Excellence in VLSI Design; the list of research projects at the University is endless. Dr Kalluri reminds us that their mission is to conduct research that addresses societal problems locally and globally. “Amaravati is planned to be a Smart City. All smart cities have a Smart Pole, which is completely Wi-Fi enabled. Our EC department is involved in developing the project, and the prototype has already been shown to APCRDA Department,” he says enthusiastically.
It’s this zest for research, to meet the demands of the evolving world around us, and the strong backing from the university that is nurturing future researchers. Strong Active Learning program, weekend labs to offer students ample time and exposure, and guidance of faculty members like Dr Kalluri helps students imbibe research skills and drive that can shape the future.