B.COM SCOPE IN INDIA

“If you are unable to do great things, do small things in a great way.”

If you are deciding to pursue B. Com you are making a wise and smart decision. After 10+2, B com scope is tremendous and it is one of the popular courses. One can appreciate the value of the graduation degree by pursuing additional courses simultaneously thus widening Bcom scope in corporate India.

Prior to knowing the B Com scope and its career alternatives! Let's talk about what B. Com is!

“An undergraduate degree in commerce and related fields is known as a Bachelor of Commerce, or B.Com. The goal of the course is to give students a broad variety of managerial knowledge and abilities in fields like management, accounting, finance, and taxation thus increasing B. Com scope.”

You can pursue a job in management, information systems, banking, accounting, and financial management after completing the Bachelor of Commerce programme. The alternatives available in the field of commerce mark about the B.com Scope

Career & Jobs:

After completing a B. Com degree, the majority of employment options are in the banking, accounting, and finance industries. Both domestically and internationally(abroad), jobs for B. Com graduates are available.

You can apply for an accounting position in any organisation after pursuing your B. Com. Accounting is a necessary function for every business in order to monitor revenue and expenses. To be a successful accountant, one needs to be knowledgeable in subjects like Management Accounting, Cost Accounting, and Fundamental Accounting Concepts. B.com Scope increases with the inculcation of these accounting subjects thus making available better opportunities in field of Commerce.

LIST OF TOP 10 CAREERS AFTER B.COM

Let’s discuss the above mentioned career options in detail:

Chartered Accountant (CA)

B com Scope prevalent and well-liked career path after completing a Graduation is chartered accounting. Rather a lot of students combine their B.Com. degree with Chartered Accounting. Nevertheless, if you enrol yourself after earning a B. Com., you are not required to take the entry-level test, the CPT (Common Proficiency Test), which requires at least a 55% grade in the B. Com. You can also enrol in CA after completing any graduate, but you must have a 60% average to do so.

In fact, CA is the second-best course in the world. However about 2% to 3% of students pass the CA (Final) exam in one sitting. Thus, if you're confident in your ability to follow through, go for it.

MBA (Finance)

Most students make the error of thinking that accounting and finance are comparable. Not at all. Accounting is just one area of the large field of finance. Nonetheless, there are several choices available if you wish to pursue an MBA in finance. Getting ready for the CAT, XAT, and GMAT is your best bet. These three are adequate.

M.Com

After finishing their B. Com, many students pursue their M. Com. It is a master's degree programme, and you can select from a wide range of specialties, including business, accounting, finance, economics, statistics, and more. If you don't pursue it further, by which we mean an M.Phil. or Ph.D., you won't gain anything. You might also combine your M. Com with CA or other courses as an alternative strategy.

ICWA

Also you can choose ICWAI. The organisation now goes by the name The Institute of Cost and Management Accountants of India (ICMAI), and it provides a cost accounting course. You can pursue an M.Phil. or Ph.D. after completing ICWAI, or you can work as a chief internal auditor, chief accountant, cost controller, or financial controller. The compensation range would be between 4 and 6 lakhs per year. While pursuing your B.Com., you can enrol in this course. You must pass the foundation, intermediate, and final courses to earn the ICWAI certification.

Company Secretary (CS)

A lot of B.Com. graduates choose to pursue CS. Comparatively speaking, the CS course focuses more on the legal side of business and qualitative analysis than the CA or ICWA courses do. If you were willing to recommend the board of directors' future directions and frequently joined as the MD or CEO's executive secretary, it would be helpful. For CS, you must pass Foundation, Executive, and Final courses.

CMA

Upon the completion of your B. Com., one of the most well-known worldwide courses is CMA. The Institute of Certified Management Accountants provides a Certified Management Accountant certification (CMA). While being present in more than 100 nations worldwide, it is more well-known in the US. The evidence shows that, after earning your B. Com, you can earn at least 33.33% more than non-certified accountants if you go on to acquire your CMA. Every course you may do after B. Com is far less thorough than CMA (other than CA and CS).

ACCA

ACCA is accredited by the Association of Chartered Certified Accountants, it has a lengthy history of instructing its students. This qualification has been successfully completed by more than 436,000 students. Furthermore, it is present in more than 180 countries worldwide and enjoys a fantastic reputation. ACCA is an extremely thorough course, just like CMA.

CPA

The greatest international course you may choose following your B.Com. is CPA. Like a CA course, it is excellent. A CPA is required for those who want to work for public companies. CPA is organised by the AICPA, or American Institute of CPAs. According to AICPA, a CPA earns a different income. Comparing you to non-certified accountants, your pay would be at least 15% more.

Salary

Bachelor of Commerce graduates receive a generous compensation package. The applicants' salaries, however, differ from department to department. Applicants with a few years of experience might earn a good salary. The type of company and employment determines the salary. Nevertheless, it varies for a new hiring between Rs. 15,000 and Rs. 25,000 per month. At the firm, a CA typically earns between 5 and 10 lakhs per year.

Competitive Exams for B. Com Graduates students for seeking Government sector jobs:

Jobs with government organisations and nationalised banks are another well-liked alternative in India for a career after earning a B. Com. B. Com scope for competitive exams:

• RBI Grade B Officer
• SBI PO
• SBI Clerk
• IBPS Clerk
• IBPS PO
• LIC AAO
• UPSC CSE | IAS Exam

Thus a commerce student willing to pursue a career in field of management, finance, marketing etc. can pursue a B com program and B com scope makes ample opportunities for aspirants.