B.Com | Best courses after B.Com for you to know

Introduction

The Bachelor of Commerce (B.Com) is considered the ideal graduation degree for students with a commerce background in higher secondary. While most students seek to enter the job market after B.Com, some go for higher education. 

Embarking on a journey after completing your Bachelor of Commerce (BCom) degree opens up a plethora of exciting possibilities. The post-BCom phase presents an opportunity to further specialize and enhance your skill set in a specific area, catering to your career aspirations and interests. Let’s explore some of the best courses that can propel your professional growth and maximize your potential.

Masters in Commerce (M.Com)

If you are wondering what to do after B.Com, consider going for an M.Com or Masters in Commerce. This is a two-year-long postgraduate degree in Commerce. In this course, you will delve deep into subjects like accounting, micro and macroeconomics, business management, banking & finance, taxation, etc.

• Eligibility – For pursuing M.Com, you need to have a B.Com degree with at least 50%, and the subjects should be maths, economics, accounts, etc. 
• Course type – You can pursue this course either part-time or full-time. There are many distance learning options available too. 
• Average cost – The average cost for the course can be anywhere from $3,000 to $40,000 for a total of 2 years (4 semesters). The cost usually depends on where you pursue the course from.
• Expected salary – The salary scale may differ from country to country for M.Com graduates. The average annual salary can be around $63000.

Masters in Business Administration (MBA)

While it may not be as straightforward a choice as the previous one, an MBA degree is considered a prized possession. This is because the skills cultivated throughout your B.Com course are the foundations for courses like MBA in finance, accounting, or even business management. 

• Eligibility – Usually, graduates from any discipline can pursue an MBA, but it helps if your graduation background matches your chosen stream of MBA.
• Course type – You can pursue an MBA course on campus. Besides this, there are various distance learning options too. Both are equally valuable if you pursue the course from an accredited university.
• Average cost – The cumulative tuition fees for an MBA course range between $15,000 and $100,000 if you pursue it from an international university.
• Expected salary – Upon completion of this course, you may be eligible for employment opportunities that boast remunerations of $93,000 in the US and £29,463 in the UK.

Chartered Accountant (CA)

The Chartered Accountancy (CA) course is one of the most challenging career options after B.Com but worth the work. It is for students who wish to reach the highest pinnacle of success in the realm of finance and accounting. This course takes up to four and a half years to complete. This is one of the reasons that it is considered one of the toughest courses.

• Eligibility – To be eligible for the CA entrance exams, you need to have at least a 55% aggregate score in your B.Com. If you are from a non-commerce background, an aggregate score of at least 60% is required.
• Course type – This course may or may not be available remotely. Most international universities will not offer Chartered Accountancy training through distance learning.
• Average cost – The cost of studying Chartered Accountancy differs from region to region. In Canada, the average cost is about $23,000 for over 5 years, while in the UK, the same may cost around £15000-£25000 per year. 
• Expected salary – In the USA, the salary for Chartered Accountants can go up to $100,000 per year, and in countries like the UK, the same is about £84,500 per year.

Masters in Management (MIM)

Next on the list of best courses after B.Com is Masters in Management (MIM). It is one of the most sought-after career options after B.Com.The Master in Management (MIM) course is either a one or two-and-a-half-year-long course. It enables you to get specialization in subjects like marketing, accounting, finance, and other subjects related to business. 

• Eligibility – In most cases, the minimum eligibility criteria for this postgraduate degree is to have a graduation in any field. However, having a B.Com degree will be a bonus. 
• Course type – It is usually a full-time course offered by institutes all across Europe. However, there may be certain universities that offer this course as correspondence. 
• Average cost – The average tuition fee for this advanced management course is around $20,000 to $27,000 over the course of two years.
• Expected salary – B.Com graduates who have completed their MIM can expect to earn around $100,000 annually in the USA. For Europe, the salary ranges from £42,500 – £100,000 per year.

Master of Science in Business Analytics (MSBA)

The MSBA program equips students with the skills to analyze complex business data, make data-driven decisions, and extract valuable insights. It combines business acumen with technical expertise, preparing graduates for roles such as data analyst, business intelligence manager, data scientist, or consultant. The demand for skilled business analytics professionals is consistently growing, making it a lucrative career path in today’s data-centric business landscape.

• Eligibility – Most MSBA programs require a bachelor’s degree in a related field, along with a strong foundation in mathematics, statistics, and programming.
• Course type – The MSBA program is typically offered on-campus, combining theoretical coursework with hands-on experiential learning.
• Average cost – On average, tuition fees for an MSBA program in the US can range from $30,000 to $60,000 per year, while in the UK, the cost can range from £20,000 to £40,000 per year.
• Expected salary – Upon completing an MSBA program, graduates can expect promising career prospects and competitive salaries. In the United States, the average annual salary for business analytics professionals ranges from $80,000 to $120,000, while in the UK, it can range from £40,000 to £70,000.

Key takeaways

• While having a B.Com degree can get you a job, a master’s degree will always give you a competitive edge. This is one of the main reasons why most commerce graduates opt for additional courses. 
• Some of the most popular options after B.Com include- M.Com, CA, MBA, etc. 
• With this list of the most popular courses after B.Com, you now have some lucrative options to choose from. You may very well find that at least one of them perfectly aligns with your long-term goals.

So, plan what you want to do and apply for the courses. If you are confused about selecting the right course or university, we can help! Just reach out to us, and we will help you make the right decision. 

Till then, keep learning! 

FAQs

Q1.  Which is the best course after B.Com?

Answer- While there are many courses that you can pursue after B.Com, the list given here contain some well-paying career options. Choose the course as per your long-term goals. 

Q2.  What are the Diploma courses that can be pursued after B.Com?

Answer- There are many diploma courses after B.Com for you to choose from. You could opt for a Diploma in Cost Accountancy, Company Secretary, a Diploma for Certified Financial Planner, etc. Besides this, you can also go for Postgraduate Diploma in Business Administration, Digital Marketing, and many more. 

Q3.  Which is the best banking course after B.Com?

Answer- Some of the best banking courses after B.Com include:

• MBA in Banking and Finance
• M.Com in Banking
• MSc in Banking and Finance
• MSc in Banking, Finance and Risk Management
• Ph.D. in Banking/Accounting/Finance/Economics/Management Studies. 

However, if you wish to begin your career on the management side of banking, it is advisable to pursue an MBA in Banking and Finance.