Best Courses After BCOM

The article explores the 15 best courses after BCOM for a high salary in 2024, like CA, CS, CPA, MBA, CFA, etc. It covers the top 3 high-paying options: CA, MBA, and CS; admission requirements for courses; availability of online courses; and entrepreneurship avenues for BCOM graduates like consulting, e-commerce ventures, digital marketing agencies, etc.

Completing a Bachelor in Commerce (BCOM) opens up many opportunities for lucrative careers in diverse fields like accounting, finance, management, law, and more.Choosing the right post-graduation course after BCOM is critical to specialize in a domain and equip yourself with the skills needed to thrive in the job market. In this article, we explore some of the best courses after BCOM that can lead to jobs with high salary packages.

List Of Best Courses After BCOM for a High Salary?

Chartered Accountant (CA) is Best Courses After BCOM for High Salary

This is one of the most profitable. And prestigious career options after BCOM. CAs have expertise in domains like auditing, accounting, and taxation. The demand for qualified Chartered Accountants is increasing in India inc.

Best Courses After BCOM

As per an ICAI survey, CAs earn between Rs 5-30 lakhs annually. Chartered Accountants get recruited in accounting and finance departments of large corporations, banks, financial institutions, and auditing firms. They can also provide consultation services or be self-employed.

Company Secretary (CS)

Company Secretary is a reputable course after BCOM focused on corporate laws, management, and legal advisory. The job involves advising companies on good corporate governance, regulations, and strategic decision-making.

Company Secretary (CS)

As per reports, an experienced Company Secretary can earn between Rs 3-7 lakhs annually in the private sector. The ICSI survey states that the average starting salary package is 4-6 lakhs annually.

Masters of Business Administration – MBA is Best Courses After BCOM for High Salary

MBA is one of the most popular choices after BCOM due to its high scope in the corporate world. Pursuing an MBA from a reputed B-school can open doors for leadership roles in diverse domains.

 MBA is Best Courses After BCOM for High Salary

As per statistics, MBA graduates from top institutes get average salaries of Rs 20-25 lakhs annually. Senior management roles can fetch even higher packages of Rs 30-40 lakhs annually.

ICWA Course

ICWA (The Institute of Cost and Works Accountants of India) is an excellent course for those specializing in cost and management accounting. Risk management, tax planning, financial reporting, and costing are all handled by ICWA specialists.

ICWA IS Best Courses After BCOM for High Salary

Per payscale surveys, the average ICWA salary ranges between Rs 4-8 lakhs per annum for freshers. With 5+ years of experience, remuneration can go up to Rs 13-15 lakhs annually.

LLB Bachelor of Law

LLB is a high-paying career option after BCOM for those interested in the legal field. The degree equips you with expert legal knowledge and litigation skills to practice as a lawyer or advocate.

As per reports, experienced lawyers can make upwards of Rs 10-30 lakhs annually. Corporate law professionals get lucrative pay packages of Rs 8-15 lakhs annually. You can also practice independently after gaining experience.

M.Com (Masters of Commerce)

M.Com is a common choice after BCOM to pursue advanced theoretical learning and research in the commerce field. It equips you for academic roles and a career in research or lecturing.

The average starting salary after M.Com ranges from Rs 20,000 – Rs 50,000 monthly. With a Ph.D. and teaching experience, you can earn Rs 2 – Rs 5 lakhs annually.

Explore More Online MBA Colleges

One Year Diploma courses after B Com

One-year PG diplomas allow you to specialize in different functions like banking, finance, HR, retail management, financial planning, etc. These job-oriented diploma programs offer hands-on exposure that helps transition to corporate roles.

One Year Diploma courses after B Com

As per industry estimates, starting salaries for freshers range from Rs 2.5 – Rs 4 lakhs per annum after completing these diplomas. Experienced professionals can earn Rs 6 – Rs 12 lakhs annually.

Certified Public Accounting (CPA)

CPA offers in-depth learning in accounting, ethics, taxes, advisory, etc. It is an internationally recognized qualification that opens up global career prospects. CPAs can take up roles like public accountants, financial advisors, tax consultants, etc.

Certified Public Accounting (CPA) salary

In India, CPAs earn an average salary of Rs 6-10 lakhs annually. In the US, experienced CPAs earn $120,000 – $180,000 annually. The course has a high ROI owing to its global recognition.

Supply Chain Management

The supply chain management course equips you for managerial roles in procurement, logistics, warehouse operations, inventory control, etc. It offers excellent scope for BCOM graduates, given the rise of e-commerce and logistics startups.

A visual representation of salary management, showcasing financial data and calculations.

As per industry estimates, SCM professionals can earn Rs 4-8 lakhs per annum at entry level positions. Department heads and VPs can earn upwards of Rs 15-30 lakhs annually.

Digital Marketing

Digital marketing is a lucrative field, given the digital transformation of businesses and marketing. The course equips you with skills in SEO, online analytics, email marketing, social media marketing, etc.

Digital marketing a person sitting on a bag of money

Starting salaries for digital marketing roles range from Rs 2.5-5 lakhs per year for freshers. With 2-3 years of experience, you can earn Rs 6-10 lakhs annually. Senior digital marketing managers and heads can earn Rs 15-25 lakhs annually with 5+ years of experience.

The digital marketing course opens up excellent opportunities, given the rising prominence of digital channels. With relevant skills and experience, you can aim for lucrative salary packages and leadership positions in this domain.

Data Science

Data science is an emerging field with exponential demand for data analysts, scientists, and engineers. This domain focuses on gathering, analyzing, interpreting, and visualizing data to derive actionable insights.

Data science salary rs 5000 - 6000 annually.

The average salary for an entry level data science professional ranges from Rs 5 – 8 lakhs per annum. With 5+ years of experience, data scientists can earn over Rs 15 – 20 lakhs annually.

Association of Chartered Certified Accountants (ACCA)

ACCA is a globally recognized accounting certification that offers ample job opportunities abroad. ACCA-qualified accountants are highly valued across 150+ countries worldwide.

Association of chartered accountants aca salary.

The average salary of an ACCA member in India is around Rs 5.6 lakhs yearly. ACCA members earn upwards of £45,000 annually in the UK and Middle Eastern nations.

Certificate in Investment Banking (CIB)

The Certificate in Investment Banking course is ideal for BCOM graduates keen on an investment banking and equity research career. It arms you with expertise in financial modeling, M&A deals, equity valuation, and more.

Certificate in investment banking cbi rs 40 lakhs salary.

As per reports, jobs in investment banking offer lucrative pay packages of Rs 8 – 12 lakhs per annum for freshers. Senior-level bankers earn upwards of Rs 25 – 40 lakhs yearly.

Certified Management Accountant (CMA)

CMA certification offers in-depth learning in financial planning analysis, cost management, risk advisory, financial reporting, etc. There is a growing demand for CMA-qualified professionals in the banking and corporate sectors.

Certified management accountant salary.

In India, starting salaries for CMA professionals range from Rs 4 – 7 lakhs per annum. With experience, you can earn upwards of Rs 10 – 15 lakhs yearly in managerial roles.

Chartered Financial Analyst (CFA)

he CFA program focuses on advanced investment management and financial analysis skills. It equips you for lucrative roles in stock broking, investment banking, portfolio management, and economic research.

Chartered financial analyst cfa salary.

As per estimates, CFA charter holders can earn Rs 8 – 12 lakhs per annum at entry-level banking and financial sector positions. Senior professionals earn upwards of Rs 25 lakhs annually.

Read Also5 Best Accounting Courses After B Com: Eligibility, Duration, and Fees
 Best Diploma Courses After B.Com. to Boost Your Career

Comparison Between The Top 3 Best Courses After BCOM for High Salary

In summary, the top 3 high salary courses that BCOM graduates must consider are CA, MBA, and CS. These domains assure the highest average pay packages along with immense growth potential.

What are the admission requirements for the post-graduation courses after BCOM?

Admission Requirements:

The admission requirements vary for different post-graduation courses after BCOM:

  • For an MBA, you must have a bachelor’s degree with a minimum of 50% marks. It is also required to clear entrance exams like CAT, XAT, and MAT.
  • For CA/CS, a minimum of 50% marks are required at graduation. They need to clear their foundation and intermediate-level exams.
  • A graduation degree with at least 50% marks is required for LLB. An entrance exam like the CLAT is needed.
  • For diplomas, a graduation degree with 50% minimum marks. Some institutes may conduct entrance tests.
  • For CPA/CFA/ACCA, graduation and certification exams are at each level.

Are there any online courses available for the courses mentioned?

Online Courses:

Many of these courses are now available in an online or distance learning format, which helps working professionals pursue them flexibly.

  • CA, CS, and CMA have online classes and e-learning options.
  • Many reputed colleges offer MBAs in online delivery format.
  • Law courses can be done online through certain universities.
  • Digital marketing and data science certifications are available online.

What are the job prospects for BCOM graduates who want to start their own business instead of working for someone else?

Entrepreneurship Opportunities:

BCOM graduates interested in entrepreneurship can explore opportunities in:

  • Consulting: domain consulting in accounting, tax, finance, etc.
  • Financial Advisory Services: Wealth Management, Investment Advisory, etc.
  • Auditing and Accounting: Independent Audit and Accounting Practice.
  • Ecommerce Ventures is an online retail business in diverse niches.
  • Digital Marketing Agency: Offering services in digital marketing.
  • Business Consulting: Providing consulting to startups and SMEs.
  • EdTech Ventures: Leverage the e-learning wave with online courses.
  • Food & Beverage Business: Restaurants, cafes, cloud kitchens, etc.

Conclusion

Pursuing further specialization after your BCOM through courses like CA, CS, CPA, MBA, CFA, etc., can unlock higher salaries, accelerated career progression, and senior leadership opportunities. If you seek niche roles, diplomas in banking, financial planning, digital marketing, and data science offer promising career prospects. Analyze your interests, career goals, and aspirations before choosing the right post-graduation course after BCOM.

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FAQ

What are the best courses after BCom in India?

MBA (Master of Business Administration) – MBA is among the most popular choices after BCom. It opens up opportunities in marketing, finance, HR, operations, etc. Top MBA colleges like IIMs offer excellent placements.
MCom (Master of Commerce) – MCom is a 2-year postgraduate program that provides advanced knowledge in accounting, statistics, management, and economics. It is suitable for those interested in teaching and research roles.
CFA (Chartered Financial Analyst) – CFA is a professional certification provided by the CFA Institute, USA.. The CFA program has 3 levels and takes 2-4 years to complete.
CA (Chartered Accountancy) – CA is India’s most prestigious accounting qualification. The CA course involves theoretical learning and practical training. On completing CA, you can work as an auditor, tax consultant, financial advisor, etc.
CS (Company Secretary) – The Company Secretary course involves learning company law, taxation, corporate governance, etc.

Which courses after BCom provide high-salary jobs?

MBA – The starting salary after an MBA from top colleges like IIMs can be Rs 20-25 lakh p.a. Average salaries are Rs 10-15 lakhs p.a.
CA – Starting salaries for CA-qualified professionals are around Rs 6-8 lakhs p.a., which can go up to Rs 30 lakhs over time.
CFA – CFA charterholders can expect starting salaries of Rs 8-10 lakhs p.a. in financial sector jobs.
CS – CS-qualified company secretaries can start earning Rs 4-8 lakhs p.a. in corporate roles.

People Ask More

What are the best computer courses after BCom?

MBA in Systems – MBA with IT or Systems specialization equips you for IT management roles.
MCA (Master of Computer Applications) – MCA is a 2-year program focused on software development, programming, database management, etc.
MSc IT (Master of Science in Information Technology) is a postgraduate course on information technology and its applications.
Advanced diplomas in computer languages and software like Java, .Net, SAP, etc.
Certification courses in digital marketing, web designing, and data analytics.

Which are the best finance courses after BCom?

MBA in Finance MBA Finance covers financial management, investment banking, and equity research in depth.
CFA (Chartered Financial Analyst) – CFA certification is globally recognized in corporate finance and financial analysis.
FRM (Financial Risk Manager) – The FRM course deals with risk management and is pursued by students interested in risk analysis careers.
CFP (Certified Financial Planner) – The CFP course covers personal and corporate finance planning.
Actuarial Science – Actuaries analyze risk using mathematics, statistics, and financial theory.

Lovepreet Saxhdeva is a skilled digital marketing professional with experience in the education sector since 2022. He has a strong interest in learning and enjoys sharing his knowledge on education, technology, digital marketing, and wellness through his writing. Singh has a passion for music, technology gadgets, and travel.