Commerce has always been regarded as one of the best academic streams to pursue if you are interested in getting excellent employment opportunities. While many B.Com graduates choose the much tried and tested path of CA, CS and other related fields of study, many who are unable to make the cut for these programmes are left in a lurch with respect to employment opportunities. If you are one among them, worry not; there are several others options, which B.Com graduates, can opt for. To help B.Com students like you, we have compiled a list of top 10 employment opportunities that open up a path to excellent professional career and rewarding future:
This is one of the most immediate and ideal employment choices available to commerce graduates after completion of their B.Com programme. Accountants are required in every industry and in the field of business; therefore, there is no dearth of jobs for B.Com graduates. Even smallest of companies like recently sprung up start-ups would require services of an accountant to keep a check upon the profit and loss balance sheet of their company. As far as payment is concerned, B.Com graduates can expect moderate pay initially, but they can also work on a freelance basis for multiple companies to enhance their earning potential.
Taxation is a field that affects everyone, be it a multinational company, a small business house or an individual. With rising complications and dearth of time among people, the job of tax consultant has become a very lucrative option for B.Com graduates. B.Com graduates are already familiar with basics of governmental taxation policies and, therefore, tax consultation becomes a natural job choice for them. Just like Accountants; tax consultants also start with a basic pay band and then move up the rank with experience and clientele. They also have the option of working as freelance consultants or setting up their own firm in future.
Banking is another sector that is very closely related to the field of business commerce and finance. The majority of Public Sector Banks hire human capital on the basis of an open competitive recruitment test. The test is based upon numerical, quantitative and logical reasoning ability of the candidates; which makes it easy for B.Com graduates to crack them. In case you are not interested in appearing for a Bank exam, you can apply to different private banks that hire B.Com graduates for entry-level positions within their structure. In both public and private sector Banks, the salary and promotion policy is quite extensive and, therefore, makes for an excellent employment opportunity.
Financial Auditors are one of the most important positions within the financial infrastructure of any company / organization. An auditor keeps a check upon financial statements and accounting ledger of companies and organizations. This position is generally considered above Accountants and, therefore, attracts higher pay and better perks.
Stock Broking is another very interesting career choice for commerce graduates after completion of the B.Com programme. Students who have a keen interest in stock management, investments, securities market, finance, economy, mathematics and other related subjects can join this profession by completing a short certificate course in stock broking. Again during the foundational B.Com course, the basics of stock market and its operations are already covered in the syllabus; which makes it another natural career choice for B.Com students.
Finance Consultant is another very lucrative profession for commerce graduates. Financial consultants help individuals and organizations to plan their financial future by directing investments in different sectors like saving banks, retirement planning, stock portfolio planning and others. With the rise in total income and enhance savings capacity of people; this professional has emerged as one of the fastest growing career choices among Commerce graduates today.
The profile of insurance consultant is very similar to the one of financial consultant. Insurance consultants help individuals and organizations plan for any accidental untowardly incident and create financial backups and contingency funds to handle any such situation. Insurance advisors are also hired by insurance agencies at a healthy pay. The profession also attracts a lot of perks like commission based rewards and others.
Exim is another sector that B.Com graduates are trained quite well in, during their commerce graduation degree. Any company which deals in export and import of goods/services will need a dedicated exim documentation, taxation and accounting specialist. This is where Export-Imports Managers step in. Students can join at an entry level position within an organization’s ExIm wing or can opt for a certificate or diploma course with specialisation to hone their skills. As far as pay goes, Export-Import Managers attract excellent pay, considering that they work for multinational corporations and large business houses involved in overseas trade business.
B.Com graduates also have the opportunity of joining a government job through different entrance exam announced by either national level govt recruitment agencies like UPSC/SSC or various state public service commissions. Many jobs within the government infrastructure like IRS, CBDT, Commerce Ministry and Finance Ministry are focused upon aspects that require a thorough understanding of concepts of business and finance. Therefore, such jobs are ideal for B.Com graduates who are already familiar with such topics. As far as pay is concerned, Government jobs are always known for their excellent pay and even better perks as well as social status attached with them. Apart from this, the recently announced 7th Pay Commission has again announced a hike in all central government jobs, making them more lucrative career opportunities.
B.Com graduates are already familiar with basic knowledge about accounts, tax, marketing, and finance and insurance also. In addition to this, they also study in detail the Companies Act, Financial concepts and basic management principles. The combination of all these aspects makes a B.Com graduate an ideal candidate to be CEO for a small scale business unit. Students who are keen on starting their own business or joining or managing a family business should also look at B.Com as an ideal academic programme to train young entrepreneurs for small scale business houses.
These are the top professional career choices for B.Com graduates. Apart from these, there are many options others like journalism, hotel management, market research, economist, administrative jobs, lawyer, travel agent, event management; which commerce students can opt for in order to build a rewarding career.