There are several career options available after completing a Bachelor of Commerce degree. Some of the popular career paths include:
1. Accounting: You can pursue a career as an accountant, auditor, financial analyst, or tax consultant. You can also become a Certified Public Accountant (CPA) by passing the relevant exams. An accountant is a professional who performs accounting functions such as account analysis, auditing, or financial statement analysis. Accountants can find employment with an accounting firm or a large company with an internal accounting department, or they can set up an individual practice. Highest salary that an Accountant can earn is ₹5.9 Lakhs per year (₹49.2k per month).
2. Finance: You can work in the finance industry as a financial analyst, investment banker, risk manager, or financial planner. You can also opt for roles in investment management or corporate finance. Accountants and auditors analyze their company’s finances and prepare financial documents. Within a financial organization, there may be specific titles such as junior accountant, senior accountant, auditor, and tax accountant. Junior accountants focus on balancing accounts and preparing reports. The average salary for Finance is ₹6,00,000 per year in the India.
3. Banking: You can join banking organizations as a bank officer, loan officer, or branch manager. You can also work in areas such as retail banking, corporate banking, or investment banking. Managing client bank accounts, including opening and closing accounts, and overseeing transactions. Processing deposits, payments, and withdrawals. Authorizing and evaluating overdrafts and loans. Handling other transactions, such as writing cashier checks or money orders, when necessary. Banker salary in India ranges between ₹ 1.1 Lakhs to ₹ 8.0 Lakhs with an average annual salary of ₹ 3.1 Lakhs.
4. Marketing and Sales: You can explore careers in marketing and sales, working as a marketing executive, brand manager, market researcher, or sales representative. You can also specialize in digital marketing or advertising. Accomplishes marketing and sales objectives by planning, developing, implementing, and evaluating advertisements. Identifies marketing opportunities by understanding consumer requirements. Improves product marketability and profitability by researching, identifying, and capitalizing on market opportunities. The average sales/marketing salary in India is ₹ 400,000 per year or ₹ 160 per hour. Entry-level positions start at ₹ 275,000 per year, while most experienced workers make up to ₹ 1,127,273 per year.
5. Human Resources: You can pursue a career in human resources, working as an HR executive, HR manager, recruitment specialist, or training coordinator. You can also specialize in areas like talent management or organizational development. Human resources (HR) officers are responsible for hiring, developing and looking after employees. HR involves functions such as recruitment, training, payroll, and health and safety. HR Manager salary in India ranges between ₹ 2.8 Lakhs to ₹ 18.0 Lakhs with an average annual salary of ₹ 6.6 Lakhs.
6. Entrepreneurship: You can start your own business or venture, utilizing the knowledge and skills gained during your commerce degree. Entrepreneurship offers the opportunity to be your own boss and pursue your own ideas. Setting the direction and establishing the desired image for the business. Seeking new directions and ways to improve and grow the company. Overseeing financial records and taking action, such as securing a new line of credit to handle unforeseen events. The average salary for Entrepreneur is ₹2,54,797 per month in the India. The average additional cash compensation for a Entrepreneur in the India is ₹2,11,943, with a range from ₹38,500 – ₹4,33,865.
7. Consulting: You can work as a management consultant, providing strategic advice and solutions to organizations. This field offers diverse opportunities across various industries. A consultant’s duties include meeting with clients, understanding requirements, conducting data analysis, presenting findings, formulating plans, arranging training, evaluating progress, and staying updated in their field. Consultant salary in India ranges between ₹ 3.0 Lakhs to ₹ 23.0 Lakhs with an average annual salary of ₹ 10.2 Lakhs.
8. Public Sector: You can explore career options in the government sector, working in areas such as finance, taxation, customs, or public administration. Government jobs involve working directly for a specific government department at the federal, provincial, or municipal level. Government employees work with elected officials to make and implement new policies, administer services, and plan new programs. Average annual salary in Public Sector Undertaking is INR 10.3 lakhs .
9. International Business: You can work in multinational companies or organizations, dealing with international trade, global operations, or international marketing. A mid-career International Business Executive with 4-9 years of experience earns an average salary of ₹4.9 Lakhs per year, while an experienced International Business Executive with 10-20 years of experience earns an average salary of ₹12.8 Lakhs per year.
10. Further Education: You can pursue higher education such as a Master’s degree in Commerce, Business Administration (MBA), or specialized fields like finance, marketing, or human resources.
These are just a few examples of the career options available after a Bachelor of Commerce degree. The choice ultimately depends on your interests, skills, and personal goals.
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