Commerce has always been a preferred choice for job-oriented students at the undergraduate level, and the trend continues even today. Students from families with business backgrounds also prefer a Bachelor of Commerce (B. Com) degree. What does this mean for you? It means that you will have multiple career prospects after B. Com. If you're stumped on which career path to pursue, this article is for you to read. Here, we have discussed why commerce graduation is worth considering and the top 10 career options after B. Com Hons.
What is a B. Com (Hons) degree?
B. Com Hons is a standard 3-year undergraduate bachelor's programme approved by the University Grant Commission (UGC) and one of the top courses in Indian universities. Universities in commonwealth countries, Australia, Canada, New Zealand, South Africa and Ireland also offer similar bachelor’s programmes.
The primary programme goals ensured in a B. Com Hons degree involve:
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Providing students with the functional knowledge of business operations like Accounting, Finance, Supply Chain Management, Human Resources, Marketing, Project Evaluation, Cost Accounting, and Taxation.
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Promoting the understanding of issues and complexities confronted by a business.
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Encouraging the understanding of various systems, policies and strategies required to administer an organisation.
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Developing competencies in commerce-related problem-solving.
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Enhancing the employability of students in the business world and encouraging an entrepreneurial attitude.
When should you choose B. Com Hons?
You can choose to pursue B. Com Hons after passing your class 12 board exam. However, a Bachelor's in Commerce is particularly suitable in these scenarios:
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If you have studied commerce subjects in class 11 & 12.
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If you are willing to join the corporate workforce after your college.
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If you intend to pursue finance, accounting, auditing and taxation related professional studies.
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If you eish to start a business of your own.
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If you intend to manage your family business.
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If you like working with numbers and process-oriented jobs.
Best Career Options after B. Com Hons
A commerce degree is perfect for you if you want a career where you can interact with numbers and business processes. Students with commerce degrees can excel in several professions, and here is a list of the top ten.
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Management accountant
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Accountant & Auditor
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Financial advisors
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Taxation lawyer
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Finance manager
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Management consultant
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Purchase manager
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Export-import specialist
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Investment banker
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Business negotiator
Let us gain a detailed understanding of each of the above career options after B. Com Hons.
Management Accountant
If you opt for this career path, you will crunch numbers, record data, prepare reports and help managers make informed decisions related to budgeting, operations, process control, risk management, business strategies and policies. Management accounting has requirements in both the public and private sectors.
Accountants and Auditors
Accountants and auditors are professionals in charge of examining the records, accounts, and documents to ensure they're accurate, valid, reliable and compliant with accounting standards. You will also check and verify tax-related statutory documentation. A bachelor's degree in commerce will give you prior knowledge in accounting, taxation practises and finance.
Financial Advisors
Being a financial advisor is one of the most in-demand career paths for commerce graduates. It's an exciting profession that involves advising individual and corporate clients to make profitable investment decisions and take care of their money. As a financial advisor, you can practise independently, as a partner of investment advising firms, or as an employee.
Taxation Lawyer
Individual taxpayers and companies regularly require professional support in documenting, calculating and filing verified tax returns with authorities. Besides, tax lawyers also help tax assessees to pursue tax disputes in courts. Companies often recruit tax lawyers as permanent employees.
Finance Manager
Finance is a part of the core operations for any company as it helps manage cash flow, working capital, other financial assets and liabilities. The responsibilities of a finance manager are to supervise day-to-day financial operations, inform the management and maintain financial control. If you are interested, you can pursue specialised finance courses after B. Com Hons.
Management Consultant
It is a broad professional field with plenty of scopes and career opportunities whether you are a job seeker or independent practitioner. Commerce undergraduates can have unique advantages for studying and practising management consultancies in accounting, taxation, and finance.
Purchase Managers
Purchase managers are responsible for buying goods and services for a company. This may include office supplies, materials, production inputs and more. In this, you will typically work for large companies with multiple vendors, suppliers and vast operations. Your primary responsibilities will be to finalise the supply timeline, ensure timely supply of resources, negotiate prices and maintain purchase documentation.
Import/Export Specialist
The most obvious career path for a commerce graduate is to go into the import and export industry. This field requires a good understanding of commercial trade, international business and investments. With a commerce degree, you will be able to work in import-export companies which are constantly sourcing goods from around the globe and exporting them to different countries.
Investment Banker
It is a glamorous field with lots of fan-following among young people. Investment bankers help companies to raise capital, underwrite debts and equity investments, negotiate mergers and acquisitions. You can join the investment banking profession from diverse backgrounds; however, commerce graduates enjoy an extra edge in understanding the basic concepts in this field.
Business Negotiator
It is not a specific job role; instead, it is an operational responsibility. You might need to negotiate as an employee or as an owner of a business. Getting a B. Com Hons degree can prepare you and develop your negotiation competencies as you learn to follow processes and take decisions based on numbers.
Courses after B. Com Hons
After doing your Bachelor's in Commerce, you can pursue various professional and academic programmes, including:
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M.Com
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Chartered Accountancy (CA)
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Cost Accounting
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MBA
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Company Secretary (CS)
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Chartered Financial Analyst (CFA)
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Certified Public Accounting (CPA)
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Certified Management Accountant
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Actuarial Science
You can also pursue professional and academic courses after B. Com Hons abroad.
Finally
So, are you keen to make your mark in the field of commerce? If you want to earn a
Bachelor of Commerce (Hons) degree, RNB Global University offers top commerce courses with high-quality teaching and academic standards. For more information,
contact our friendly admissions advisor today.