May 26, 2020

Explore the Scope of B.Com and Career Opportunities in the Field

scope of bcom

 

Graduation is a crucial step in your career, irrespective of the stream in which you graduate. Bachelor of Commerce (B.Com) is one of the most sought-after graduation courses taken up by students after completing their 12th standard to satisfy the B.Com eligibility criteria. B.Com is a degree designed to provide students with an extensive range of managerial skills and a good understanding of streams like Accounting, Business Law, Economics, Insurance, and Taxation. If you have chosen to pursue B.Com, it’s a smart decision.

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Scope of B.Com

 

The scope of B.Com is vast, with a plethora of career opportunities available right after graduating. Each of these can better the prospective depending on your interests and the applications you are good at. When you have just completed your graduation or are just about to complete it, the first question you would have on your mind is – What should I do now? Well, you have two options.

  • If you wish to get started with your career right after graduation, the options are endless. You can explore the innumerable career opportunities and determine what best suits your interests.
  • In today’s age, it’s compulsory to get a B.Com degree for every commerce student, though it’s not sufficient. You should have higher studies on your cards – it could be a master’s degree or any other relevant course.

 

Career Opportunities

 

There are many career opportunities for B.Com graduates, but not all students are aware of the various paths they can take to have a successful career. Here’s an insight into the available career opportunities after graduation to earn a stable job opportunity in the future. 

  • Some of the employment areas for the B.Com program are budget planning, marketing, foreign trade, policy planning, inventory control, and working capital management. 
  • The sectors into which B.Com graduates can gain entry after completing their graduation are banking, investment banking, treasury and forex departments, public accounting firms, business consultancies, educational institutes, and merchant banking, to name a few. 
  • The associated job profiles are endless – auditor, accountant, bookkeeper, finance officer, budget analyst, financial analyst, market researcher, cost estimator, stockbroker, personal financial advisor, investment broker – the list goes on and on!

 

Higher Studies

 

If you decide to continue with your studies, there are several courses that you can pursue after B.Com. You can enroll yourself in any of these courses:

  • Master of Commerce (M.Com): This is a 2-year post-graduation course that focuses on accounting, commerce, economics, and management-related subjects. 
  • Chartered Accountancy (CA): This is the first course that comes to the mind of any commerce student. It is one of the best courses for higher studies.
  • Company Secretary (CS): This degree requires the students to study law in the corporate sector. It is another course for B.Com students that has an enormous scope.
  • Master of Business Administration (MBA): This business management course is available for students from all streams and not just commerce. It helps you to learn to manage all business aspects depending on the specialisation you select.
  • Certified Financial Planner (CFP): This 6-month course can help you land a job as an insurance consultant or a financial consultant. In this job role, you would offer advice to clients on topics like insurance decisions, investment plans, tax-related issues, and personal finance.

 

Besides these, there’s a wide range of other courses as well, including Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Certified Management Accountant (CMA), and more. Each of these courses can land you in high-paying jobs to establish a successful career.

 

In a nutshell, the scope and career options for a B.Com graduate are genuinely immense, and it is undoubtedly the foundation for any of the job roles that you consider.

 

 

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