There are plenty of employment avenues for commerce graduates both in the private and public sector. Of these, financial and banking undoubtedly top the list. In addition to these mainstream career fields you can also explore some other unconventional career choices such as marketing, hotel management, law and administrative jobs, after a BCom degree. In most of these career options, you can expect a starting salary ranging between Rs 9,000-12,000, however the salary packages are definitely higher in large multi-national organizations and in professions like chartered accountant and bank PO. Here is a list of top careers you can explore after BCom:
1. Accountant: Every business out there needs an accountant to keep track of their business dealings and make sense of all their financial situation vis-à-vis credit and debit. This means there no dearth of employment avenues if you are looking to start out as an accountant. The average starting salary for an accountant in India is between Rs 15,000-16,500 a month. The bigger the company you work for, better the pay package is going to be. With a little experience to fall back on, you can graduate to a monthly salary of Rs 35,000-40,000.
2. Tax Consultant: Taxation is an integral part of the BCom curriculum. Since you already have the required expertise in the field, you can take up a job as a tax consultant after graduation. The average starting salary for ax consultants is Rs 25,000-30,000. With 3-4 years of experience, you can move to a pay bracket of Rs 50,000-55,000 and even consider setting up your own taxation consultancy after a reasonable experience of 7-10 years.
3.Banker: Another number crunching job that fresh commerce graduates are suitable for is that of a banker. You can either aim for private banks or seek employment in public sector banks. Both private sector and government-owned banks offer a starting salary of Rs 30,000-35,000 a month. In public sector banks the salary increments depend on the current government policy while in a privately owned bank you can hope to make between Rs 45,000-50,000 with an experience of 2-3 years.
4.Auditor: The role of an auditor is an upgrade to the profile of an accountant. You’ll probably need 3-5 years of experience before you can begin working as an auditor independently, however, you can always join an established auditing firm as an intern, trainee or assistant soon after graduation. The starting salary is pegged at Rs 15,000 a month but with experience you can move up to a monthly salary scale of Rs 30,000-Rs 34,000. Some senior, established auditor earn upward of Rs 1 lakh a month.
5.Stock Broker: A brief course in stock trading after your graduation is all you need to start your career as a stock broker. The starting salary is Rs 20,000-25,000 per month but if you keep getting profits and clients for your company, the bonus is often more than your take home salary.
6.Teacher: To work as a lecturer in a college, you would require a master’s degree in commerce. But if you have your heart set on making a career in the field of teaching, you can begin by teaching in a school. Meanwhile, you can pursue masters in commerce through correspondence and graduate to working as a lecturer after two years. As a school teacher, the starting salary would be anywhere between Rs 7,000-12,000 but once you start working as a lecturer your monthly salary can be anywhere between Rs 34,000-61,000, depending on the institute you are working with.
7.Finance Consultant: You know your finances and you know the best ways to manage your earnings to increase your savings and decrease your tax liabilities and other expenses. Use this knowledge to foray into the field on financial consultancy services. There are several financial consultancies that have openings for freshers, you can also explore employment avenues with insurance firms. As a finance consultant, your job profile would involve offering expert advice on financial planning, retirement planning and saving plans. The starting salary range is Rs 15,000-20,000. With 2-4 years of experience, you can hope to make a jump to Rs 40,000-45,000.
8.Human Resources: As with any graduate degree, you can start a career as a human resources manager after bachelors in commerce. Most organizations have a provision for corporate MBA programs that allows fresh graduates to pursue a management degree in human resources side-by-side. The starting salary package for fresh graduates stands at Rs 20,000 a month. But with a MBA degree and 2-4 years of experience, you can expect a giant leap in earning and make up to Rs 50,000 a month.
In addition to these mainstream career choices, you can pursue any career that you are passionate about. If you follow your true reckoning and look in the right places, there is no dearth of employment avenues right after graduation. You can always improve your employability and career prospects by pursuing high-profile career courses such as CA and CS along side.