During the period when you are about to complete your graduation in commerce or have just completed it, the main thought in the mind is – What do I do now? What are the Career Options after Commerce Graduation? Unless you have been very focused and inspired by a specific career line, such a stream of thoughts is natural and common.
This is a detailed article which you will hopefully find very useful. In addition there is also a short video at the end of the blog which you must watch.
What after a Degree in Commerce – Job or Further Studies?
Soon after when you join the study program in a particular stream for your undergraduate (USA) or graduation (India) studies, friends, relatives and well wishers start asking you about your future career path. Almost without asking they turn into a career advisor or career counsellor advising you about career opportunities and job opportunities. Nobody is seriously interested to know that what are your favorite options or what are your inclinations about the industry or the job profile.
On a more serious note, while writing your final semester papers of B.Com exam, hundreds of thoughts cross your mind about your future plans but single clear idea emerges unless of course, you have been very focused and inspired about a specific career line such as CFA or CA.
Of course, you need enough and specific knowledge to equip you to prepare for good career opportunities and along with the strong competition in life.
But the most important question is which is the right career path after B.Com for you? Should it be further studies like CA or MBA or you should explore jobs on job posting sites and apply for insurance jobs, business analyst jobs, accounting jobs or regular sales jobs.
Let us begin by discussing the options available for further studies after Commerce degree
Further Education Courses after Graduation in Commerce
In case you are a bright student who is willing to study for a few years more, then after B.Com you may go in for Chartered Accountancy or CFA or MBA that will pay you to a larger extent. These degrees will able to pay you to have a good position in public and private organisations. Armed with one of these professional qualifications the doors to more interesting and challenging options open up in Public and Private sectors. Please refer to: High Paying Jobs and Career Choices after MBA
After graduation in commerce, you can also choose M.Com, Company Secretary, Cost Work and Accountancy, Business Economics, Finance Control, Masters in Economics, Masters in Operational and Research Statistics at Postgraduate level.
If you are interested in going abroad for higher studies or want an online degree, you may also like to refer to:
- Study Abroad in Foreign Colleges and Universities
- Where Can You Study Abroad And get Financial Aid
- 10 Online Degrees with Good Career Opportunities
Career Options after Commerce Graduation
Our Career Development tools for you:
These days there are several and varied options available with excellent career prospects in commerce and sub domains or interrelated fields such as Banking, Finance, Insurance (also called BFSI) Economics, Agricultural Economics, Financial Stock Broker, Digital Marketing, e Commerce, Financial Planning, Market Research etc.
The upcoming or common career opportunities for Commerce Graduates
Some of the Career Options after Commerce Graduation which are currently being taken up are listed below. Of course, you may like to double check with a professional career advisor / career counsellor.
1. Sales Jobs
The commerce and industry in world has to grow to become bigger and profitable. Similarly the consumption levels and population are also growing. So every business organisation – needs to sell whatever it is producing – a product or a service.
Consumers are getting importance and are being pampered with unimaginable offers. Consumers need to be approached, contacted, informed, educated, informed and given proper service. Thus with every passing day there is increase in demand of more sales and marketing professionals. Just chose your industry and join one of these companies. You will get good job and a promising career path also. Along with salary you get allowance and handsome commissions. It all depends on your performance.
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2. Careers in Banking, Finance and Insurance
With the rapid progress in Industrial Sector and Information Technology, the banking and finance sectors have also got to match the pace. The Banking sector has grown very well all over the world. Naturally the jobs opportunities for graduates with commerce / finance / management background have also gone up.
There are jobs with attractive compensation packages in the Public And Private Sector Banks, Insurance Companies, Stock Exchanges, Financial Brokerage and Investment Advisory Firms.
To become a banker, an MBA degree improves your career options. However, many banks hire the fresh commerce graduates also. If you don’t want to do MBA then you can go for an easier course like:
- Post Graduate Diploma in Banking(PGDB) or
- Certified Bank Manager Program or
- Diploma in Banking & Financial Services
This course can give you competitive advantage for a great career in banking and will enable you to broad base your career options in the banking industry.
For jobs, you can check the recruitment ads or the banks website.
Banks and Insurance companies are biggest employers in this sector – both in terms of number of jobs as well as the salary levels. There are very good and respectable career paths offered by good companies in these sectors. Of course, much depends upon qualification, experiences and quality of output of each individual.
3. Careers in Accounting, Finance, Investment and Taxation
Primarily the area of work is in the of Audit, Tax And Accountancy departments – either with the company directly or with specialised firms performing financial functions in the relevant departments (such as Ernst & Young, Price Water House) of other businesses or not-for-profits.
There are more specialised domains also which provide individuals and businesses to manage their money and access products such as Wealth Management, Financial Planning, Raising finances – loans, equity.
In the fields of Investment and Insurance, the jobs focus on advisory services and to support individuals and organisations to plan their financial futures. There are specialized sub functions such as stock trading and stock broking, treasury, investment support, risk assessment and data management.
So, if you have the financial aptitude and are willing to develop further competency, be rest assured, as a Commerce student you will never be out of a job!
4. Career options in Human Useful Resource Management
There are unique profession possibilities available for HR like Administration, Statutory Compliance, Labor Welfare, Employee Engagement, Training and Development, Recruitment etc. Students of B. Com. can also pursue Masters in HR to improve their eligibility and scope of knowledge.
5. Career in Academics
After completing your graduation, you can pursue a Master’s degree and then apply for the National Eligibility Test commonly known as NET.
This test is conducted to determine the eligibility for Junior Research Fellowship Award or Assistant Professor. A lecturer’s or a teacher’s job provides a stable salary and gives you a chance to constantly increase your knowledge.
6. Careers in Market Research Industry
If you love collecting, analyzing and interpreting data then you are the right fit as a market researcher. Broadly your job is to do market research and let the client company know about the market trend, competitors, consumer trends and preferences before launching any new product or before taking any important decision.
7. Social Work
Besides Private Business Sector or Government as an employer, there are job opportunities with NGOs / non profit organisations which work in the field of development of individuals or for a particular social cause. From organisations like UNDP, WHO to a local NGO, there are Thousands of development organisations which are working all over the world.
Social work not only grooms you up in your professional life but also give inner satisfaction. This is one of the promising field where your skills in the fields of Accounting, Stock Management, People Management, Event Management and Business Development can be utilized.
8. Careers in Digital Media
This is one of the most popular and happening industry. Students who wish to make a career in the industry where their creativity can be tapped without going out of work place ( or not that much) then they should opt for this industry.
Depending on their attitude, some of the career paths include:
- Website Making
- Search Engine Optimization (SEO)
- Graphic designer
- Press operator
- Pre-press technician
- Studio or wedding photographer
- Web designer
- Entry-level 3-D artist
Digital Media Technology offers good scope with a wide range of career opportunities and salaries vary according to the type and size of business. It is necessary that the person has good communication skills and should take up one or two short courses in these fields along with B. Com.
9. Career in Data Analytics
Thanks to the big revolution in the IT industry, there is now attention and the focus on Analytics / Big Data, and the user industries are both IT as well as non IT companies. Data Analytics is a knowledge intensive domain.
A lot of good companies are hiring smart people straight out of college and training them internally. The basic essence of analytics is that you need to solve problems. Sometimes the problems may be simple while at other times you will require significant innovative thinking on your part. Hence the skill sets required would be the numerical and technical ones. You need to be good at math and statistics and then should be trained on the tools like SAS, R, Python, SPSS, Hive, Pig etc.
10. Careers in Management
This field is one of the most preferred fields among the young job aspirants, especially from the commerce stream. To match it, there are innumerable career opportunities in diverse fields with handsome rewards in the form of attractive remuneration, good chances of career growth, better scope for professional growth. Large and reputed companies recruit directly or through the recruiters hire young, bright and hardworking fresh graduates from campus every year. These employers could be manufacturing organizations, Service Organizations, E Commerce companies, Banks, BPOs, Financial Institutions and retailers with lucrative job offers.
In current scenario, there is no dearth of career avenues or job opportunities for Commerce Graduates. All you need is a good CV, excellent interview skills and confidence to present yourself as one of the best candidates to the prospective employer.
All the best !
Short Video: Career Options after Commerce Graduation
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