Curious to know about the average salary after B. Com graduation for new recruits? If so, you will get your answers here. One of the most popular undergraduate degree for Indian students is B. Com. Career after B. Com includes a wide range of employment opportunities with flexible options.
This post will cover every aspect of salary after B. Com for new hires according to various B. Com specializations. This article will also go over the highest paying jobs for B. Com graduates. Let’s get started.
What is B.Com course?
The B. Com or Bachelor of Commerce is a three-year undergraduate degree program, which imparts the knowledge of basic rules of economics, business, financing, investments, banking, and more. B. Com Specialization with honors allows students to focus their studies and career to a particular branch of commerce. Together with the full-time delivery option, one can also enrollin a distance learning program or an online B.Com degree. One of the most desired streams among Class 12 students in the commerce stream due to its high employments rates. The third-most sought-after undergraduate program in India, it gives you a kick start in career after B. Com with a high paying salary after B. Comgraduation.
Industries that support career after B. Com
You can look out for the following options for career after B. Com graduation, which offer good pay each month in both the commercial and public sectors:
- Accounting and Auditing
- Commercial Banking
- Media
- International Banking
- Insurance Service
- Tax Advisory Service
- Information Technology
- Telecommunication Services and BPOs
- Manufacturing Service
- Financial Service
- Educational Institute
- Government Service
- Automobiles Services
- Policy Planning
Positions held by B. Com grads
Following your B. Com, the following positions and salaries provide you with a solid career opportunity:
- Investment Banker
- Marketing Manager
- Chartered Accountant (CA)
- Human Resource Manager
- Chartered Financial Analyst (CFA)
- Business Accountant and Taxation
- Retail Manager
- Certified Public Accountant (CPA)
- Cost Accountant
- Company Secretary
- Entrepreneur
- Actuary
- Chief Executive Officer (CEO)
- Research Analyst
- Personal Financial Advisor
Salary after B. Com: Depending on B. Com Specializations
You might be shocked to learn how much your salary can vary depending on the B. Com specialization you choose. We’ll examine the typical salaries for various B. Com specializations in this section:
BCom in Finance and Accounting
With a focus in accounting and finance, the typical B. Com pay is INR 4.9 Lakh per year. The starting salary for these experts is INR 1.7 Lakh annually. But, salary might increase to INR 20 lakh per year with experience and expertise. You can pursue accountancy positions in businesses if you specialize in accounting. The likes of Tata Consultancy Services (TCS), Accenture, etc. are notable employers for this position.
BCom in Law
Students are increasingly choosing the B. Com with a law degree. It enables you to pursue distinctive positions in organizations by combining the knowledge of two different domains.
You can earn an average annual salary of INR 4.39 Lakh with a B. Com and a law degree. Not only have that, but newcomers to this industry made about INR 1.92 lakh annually. Senior-level specialists in this industry, however, who have a lot of experience and competence, make about INR 30 lakh annually. This indicates that if you put in the necessary effort and perseverance, you can easily land a high-paying salary after B. Com with this specialization.
BCom in Corporate Law
Corporate law is another cutting-edge and well-liked specialization among B. Com students. A subset of law known as corporate law focuses on businesses and the rules and laws that apply to them. The typical salary after B. Com with specialization in corporate law is INR 5.4 Lakh annually.
With this specialization, you can build a career after B. Com in a variety of legal and financial positions, such as project manager, finance manager, director of risk management, etc. Your pay in this industry might increase to INR 30 Lakh per year if you have significant experience and knowledge.
BCom in Marketing Management
The average annual pay for professionals with a B. Com specialization in marketing and management is INR 3.57 Lakh. Career after B. Com with this specialization includes a variety of well-paying positions, including management consultant, business development manager, general service manager, and many more.
All firm must consider marketing as a very important area. Because of this, there is a growing need for professionals with expertise in marketing and management.
With this B. Com specialization, you can discover employment chances in marketing firms, financial services, advertising agencies, and many other industries. The maximum annual salary for professionals with a B. Com in marketing and management is INR 20 Lakh.
BCom in Economics
The most popular specialization for B. Com students is economics. Economics is a wonderful fit for the B. Com curriculum because it covers a wide range of financial subjects. B. Com graduates with a specialization in economics make an average salary of INR 6.3 Lakh annually.
This figure ranges from INR 1.8 lakh for recent graduates to INR 20 lakh for more seasoned professionals. These individuals can get prominent employment with IBM India, Ernst & Young (EY), Accenture, HCL Technologies, etc.
BCom in General Business
Specializing in General Business would be advantageous if you wanted to learn the ins and outs of business management. The average income for candidates with a B. Com specialization in General Business degree is INR 5 Lakh annually.
Students with this specialization can become Associate Auditor, Marketing Consultant, Business Development Associate, Research Analyst, and Assistant Account Manager. You can pursue a variety of jobs in business, management, and finance with this degree.
Final thoughts
You may have noted that some of the positions we described in this article needed more education than just a B. Com specialization. When choosing a career, it would be great if you kept the requirements of the position in mind. If you want to pursue a career after B. Com as an accountant, you should enroll in courses to learn about latest accounting software and tools.
We really hope that you found this information on salary after B. Com graduation to be helpful.
