The article explores the 15 best courses after BCOM for a high salary in 2024, like CA, CS, CPA, MBA, CFA, etc. It covers the top 3 high-paying options: CA, MBA, and CS; admission requirements for courses; availability of online courses; and entrepreneurship avenues for BCOM graduates like consulting, e-commerce ventures, digital marketing agencies, etc.
Completing a Bachelor in Commerce (BCOM) opens up many opportunities for lucrative careers in diverse fields like accounting, finance, management, law, and more. Choosing the right post-graduation course after BCOM is critical to specialize in a domain and equip yourself with the skills needed to thrive in the job market. In this article, we explore some of the best courses after BCOM that can lead to jobs with high salary packages.
List Of Best Courses After BCOM for a High Salary?
Chartered Accountant (CA) is Best Courses After BCOM for High Salary
This is one of the most profitable. And prestigious career options after BCOM. CAs have expertise in domains like auditing, accounting, and taxation. The demand for qualified Chartered Accountants is increasing in India inc.
As per an ICAI survey, CAs earn between Rs 5-30 lakhs annually. Chartered Accountants get recruited in accounting and finance departments of large corporations, banks, financial institutions, and auditing firms. They can also provide consultation services or be self-employed.
| Key Highlights: |
|---|
| High demand across public and private sector |
| Average starting salary of Rs 5 lakhs per annum |
| Prestigious white-collar job with career growth |
| Opportunity to get employed abroad |
| Can start independent practice and build clientele |
Company Secretary (CS)
Company Secretary is a reputable course after BCOM focused on corporate laws, management, and legal advisory. The job involves advising companies on good corporate governance, regulations, and strategic decision-making.
As per reports, an experienced Company Secretary can earn between Rs 3-7 lakhs annually in the private sector. The ICSI survey states that the average starting salary package is 4-6 lakhs annually.
| Key Highlights: |
|---|
| Excellent career prospects in corporate firms, law firms |
| Pay scale grows higher as you gain more experience |
| Prestigious white-collar job role in great demand |
| Opportunity to get employed abroad |
| Opportunity to provide independent consultancy |
Masters of Business Administration – MBA is Best Courses After BCOM for High Salary
MBA is one of the most popular choices after BCOM due to its high scope in the corporate world. Pursuing an MBA from a reputed B-school can open doors for leadership roles in diverse domains.
As per statistics, MBA graduates from top institutes get average salaries of Rs 20-25 lakhs annually. Senior management roles can fetch even higher packages of Rs 30-40 lakhs annually.
| Key Highlights: |
|---|
| Highly valued degree for the global job market |
| Opportunity to secure jobs abroad |
| Chance to specialize through varied MBA specializations |
| Fast career growth and early leadership roles |
| Lucrative pay packages with top-tier employers |
| Option to shift functional domains through MBA |
ICWA Course
ICWA (The Institute of Cost and Works Accountants of India) is an excellent course for those specializing in cost and management accounting. Risk management, tax planning, financial reporting, and costing are all handled by ICWA specialists.
Per payscale surveys, the average ICWA salary ranges between Rs 4-8 lakhs per annum for freshers. With 5+ years of experience, remuneration can go up to Rs 13-15 lakhs annually.
| Key Highlights: |
|---|
| Niche specialization with strong industry demand |
| Vital role in company operations and strategic decisions |
| Opportunity to handle managerial responsibilities |
| Contribute to cost optimization and profit maximization |
| Progress into leadership roles like CFO, Finance Controller, etc |
LLB Bachelor of Law
LLB is a high-paying career option after BCOM for those interested in the legal field. The degree equips you with expert legal knowledge and litigation skills to practice as a lawyer or advocate.
As per reports, experienced lawyers can make upwards of Rs 10-30 lakhs annually. Corporate law professionals get lucrative pay packages of Rs 8-15 lakhs annually. You can also practice independently after gaining experience.
| Key Highlights: |
|---|
| Prestigious and respected career as a lawyer |
| Lucrative career in corporate law firms and legal advisory |
| Chance to build expertise in criminal law, civil law, etc. |
| Opportunity to shape influential careers in the public sector |
| Scope for independent legal practice with high-income |
M.Com (Masters of Commerce)
M.Com is a common choice after BCOM to pursue advanced theoretical learning and research in the commerce field. It equips you for academic roles and a career in research or lecturing.
The average starting salary after M.Com ranges from Rs 20,000 – Rs 50,000 monthly. With a Ph.D. and teaching experience, you can earn Rs 2 – Rs 5 lakhs annually.
| Key Highlights: |
|---|
| Opportunity to enhance commerce, accountancy, and business knowledge |
| A strong foundation for qualifying NET/SET for lecturing jobs |
| Option to get into the field of research and analytics |
| Academic career as a lecturer, professor, economist, etc. |
| Scope for lucrative management roles in the corporate sector |
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One Year Diploma courses after B Com
One-year PG diplomas allow you to specialize in different functions like banking, finance, HR, retail management, financial planning, etc. These job-oriented diploma programs offer hands-on exposure that helps transition to corporate roles.
As per industry estimates, starting salaries for freshers range from Rs 2.5 – Rs 4 lakhs per annum after completing these diplomas. Experienced professionals can earn Rs 6 – Rs 12 lakhs annually.
| Key Highlights: |
|---|
| A quick way to gain specialized knowledge in 11 months |
| Hands-on practical training and real-world exposure |
| Improved job prospects in relevant functional domains |
| Diplomas add value to existing BCOM degree |
| Lucrative entry-level jobs in leading companies |
Certified Public Accounting (CPA)
CPA offers in-depth learning in accounting, ethics, taxes, advisory, etc. It is an internationally recognized qualification that opens up global career prospects. CPAs can take up roles like public accountants, financial advisors, tax consultants, etc.
In India, CPAs earn an average salary of Rs 6-10 lakhs annually. In the US, experienced CPAs earn $120,000 – $180,000 annually. The course has a high ROI owing to its global recognition.
| Key Highlights: |
|---|
| Globally acclaimed certification for accountants |
| Opens up career avenues in 150+ countries |
| Highly valued in MNCs and CPA firms worldwide |
| Lucrative salaries and excellent job prospects |
| Scope for leadership roles like CFO, Partner, etc. |
Supply Chain Management
The supply chain management course equips you for managerial roles in procurement, logistics, warehouse operations, inventory control, etc. It offers excellent scope for BCOM graduates, given the rise of e-commerce and logistics startups.
As per industry estimates, SCM professionals can earn Rs 4-8 lakhs per annum at entry level positions. Department heads and VPs can earn upwards of Rs 15-30 lakhs annually.
| Key Highlights: |
|---|
| Niche specialization with immense business value |
| Opportunity to enter fast-growing startups and ecommerce |
| Lucrative career scope as supply chain gains prominence |
| Managerial and leadership positions in SCM function |
| Salary growth potential as you gain experience |
Digital Marketing
Digital marketing is a lucrative field, given the digital transformation of businesses and marketing. The course equips you with skills in SEO, online analytics, email marketing, social media marketing, etc.
Starting salaries for digital marketing roles range from Rs 2.5-5 lakhs per year for freshers. With 2-3 years of experience, you can earn Rs 6-10 lakhs annually. Senior digital marketing managers and heads can earn Rs 15-25 lakhs annually with 5+ years of experience.
| Key Highlights: |
|---|
| Opportunity to enter the fast-growing digital marketing space |
| Build expertise in trending areas like social media, content marketing |
| Lucrative career scope given increasing digital adoption |
| Salary increments with specialized skills and experience |
| Progress into leadership roles like Digital Marketing Head |
The digital marketing course opens up excellent opportunities, given the rising prominence of digital channels. With relevant skills and experience, you can aim for lucrative salary packages and leadership positions in this domain.
Data Science
Data science is an emerging field with exponential demand for data analysts, scientists, and engineers. This domain focuses on gathering, analyzing, interpreting, and visualizing data to derive actionable insights.
The average salary for an entry level data science professional ranges from Rs 5 – 8 lakhs per annum. With 5+ years of experience, data scientists can earn over Rs 15 – 20 lakhs annually.
| Key Highlights: |
|---|
| Opportunity to work in high growth field of data science |
| Build expertise in statistics, machine learning, AI |
| Lucrative career in diverse industries |
| Salaries are rising rapidly with strong industry demand |
| Senior roles like Chief Data Scientist, Analytics Head, etc. |
Association of Chartered Certified Accountants (ACCA)
ACCA is a globally recognized accounting certification that offers ample job opportunities abroad. ACCA-qualified accountants are highly valued across 150+ countries worldwide.
The average salary of an ACCA member in India is around Rs 5.6 lakhs yearly. ACCA members earn upwards of £45,000 annually in the UK and Middle Eastern nations.
| Key Highlights: |
|---|
| A prestigious qualification recognized globally |
| High demand in MNCs and accounting firms worldwide |
| Opportunity to build an international career |
| Immense scope for growth and leadership roles |
| Lucrative packages abroad in the UK, Dubai, Singapore, etc. |
Certificate in Investment Banking (CIB)
The Certificate in Investment Banking course is ideal for BCOM graduates keen on an investment banking and equity research career. It arms you with expertise in financial modeling, M&A deals, equity valuation, and more.
As per reports, jobs in investment banking offer lucrative pay packages of Rs 8 – 12 lakhs per annum for freshers. Senior-level bankers earn upwards of Rs 25 – 40 lakhs yearly.
| Key Highlights: |
|---|
| Chance to enter the exclusive investment banking sector |
| Opens doors for private equity, venture capital roles |
| Highly valued in corporate finance profiles |
| Early progression into leadership roles |
| Opportunity to manage billion-dollar mergers and acquisitions |
Certified Management Accountant (CMA)
CMA certification offers in-depth learning in financial planning analysis, cost management, risk advisory, financial reporting, etc. There is a growing demand for CMA-qualified professionals in the banking and corporate sectors.
In India, starting salaries for CMA professionals range from Rs 4 – 7 lakhs per annum. With experience, you can earn upwards of Rs 10 – 15 lakhs yearly in managerial roles.
| Key Highlights: |
|---|
| Globally recognized certification in management accounting |
| Opportunity to gain financial planning and analysis expertise |
| Career growth in cost management and corporate finance |
| Lucrative career progression opportunities |
| Scope to work in banking, corporate accounting, and auditing |
Chartered Financial Analyst (CFA)
he CFA program focuses on advanced investment management and financial analysis skills. It equips you for lucrative roles in stock broking, investment banking, portfolio management, and economic research.
As per estimates, CFA charter holders can earn Rs 8 – 12 lakhs per annum at entry-level banking and financial sector positions. Senior professionals earn upwards of Rs 25 lakhs annually.
| Key Highlights: |
|---|
| Globally recognized advanced finance certification |
| Opens up career prospects in investment banking |
| Highly valued in wealth management and equity research |
| Scope for leadership roles like Fund Manager |
| Lucrative career progression prospects in the finance domain |
Read Also – 5 Best Accounting Courses After B Com: Eligibility, Duration, and Fees
Best Diploma Courses After B.Com. to Boost Your Career
Comparison Between The Top 3 Best Courses After BCOM for High Salary
| Course | Average Starting Salary (per annum) | Senior-Level Salary Range (per annum) | Key Sectors |
|---|---|---|---|
| Chartered Accountancy (CA) | Rs 5 lakhs | Up to Rs 30 lakhs | Banking, Corporate, Auditing |
| MBA from Top B-School | Rs 20-25 lakhs | Rs 30-40 lakhs | Business Management, Senior Management Roles |
| Company Secretary (CS) | Rs 10-15 lakhs | Not specified | Corporate Management, Legal Advisory Roles |
In summary, the top 3 high salary courses that BCOM graduates must consider are CA, MBA, and CS. These domains assure the highest average pay packages along with immense growth potential.
What are the admission requirements for the post-graduation courses after BCOM?
Admission Requirements:
The admission requirements vary for different post-graduation courses after BCOM:
- For an MBA, you must have a bachelor’s degree with a minimum of 50% marks. It is also required to clear entrance exams like CAT, XAT, and MAT.
- For CA/CS, a minimum of 50% marks are required at graduation. They need to clear their foundation and intermediate-level exams.
- A graduation degree with at least 50% marks is required for LLB. An entrance exam like the CLAT is needed.
- For diplomas, a graduation degree with 50% minimum marks. Some institutes may conduct entrance tests.
- For CPA/CFA/ACCA, graduation and certification exams are at each level.
Are there any online courses available for the courses mentioned?
Online Courses:
Many of these courses are now available in an online or distance learning format, which helps working professionals pursue them flexibly.
- CA, CS, and CMA have online classes and e-learning options.
- Many reputed colleges offer MBAs in online delivery format.
- Law courses can be done online through certain universities.
- Digital marketing and data science certifications are available online.
What are the job prospects for BCOM graduates who want to start their own business instead of working for someone else?
Entrepreneurship Opportunities:
BCOM graduates interested in entrepreneurship can explore opportunities in:
- Consulting: domain consulting in accounting, tax, finance, etc.
- Financial Advisory Services: Wealth Management, Investment Advisory, etc.
- Auditing and Accounting: Independent Audit and Accounting Practice.
- Ecommerce Ventures is an online retail business in diverse niches.
- Digital Marketing Agency: Offering services in digital marketing.
- Business Consulting: Providing consulting to startups and SMEs.
- EdTech Ventures: Leverage the e-learning wave with online courses.
- Food & Beverage Business: Restaurants, cafes, cloud kitchens, etc.
Conclusion
Pursuing further specialization after your BCOM through courses like CA, CS, CPA, MBA, CFA, etc., can unlock higher salaries, accelerated career progression, and senior leadership opportunities. If you seek niche roles, diplomas in banking, financial planning, digital marketing, and data science offer promising career prospects. Analyze your interests, career goals, and aspirations before choosing the right post-graduation course after BCOM.
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FAQ
MBA (Master of Business Administration) – MBA is among the most popular choices after BCom. It opens up opportunities in marketing, finance, HR, operations, etc. Top MBA colleges like IIMs offer excellent placements.
MCom (Master of Commerce) – MCom is a 2-year postgraduate program that provides advanced knowledge in accounting, statistics, management, and economics. It is suitable for those interested in teaching and research roles.
CFA (Chartered Financial Analyst) – CFA is a professional certification provided by the CFA Institute, USA.. The CFA program has 3 levels and takes 2-4 years to complete.
CA (Chartered Accountancy) – CA is India’s most prestigious accounting qualification. The CA course involves theoretical learning and practical training. On completing CA, you can work as an auditor, tax consultant, financial advisor, etc.
CS (Company Secretary) – The Company Secretary course involves learning company law, taxation, corporate governance, etc.
MBA – The starting salary after an MBA from top colleges like IIMs can be Rs 20-25 lakh p.a. Average salaries are Rs 10-15 lakhs p.a.
CA – Starting salaries for CA-qualified professionals are around Rs 6-8 lakhs p.a., which can go up to Rs 30 lakhs over time.
CFA – CFA charterholders can expect starting salaries of Rs 8-10 lakhs p.a. in financial sector jobs.
CS – CS-qualified company secretaries can start earning Rs 4-8 lakhs p.a. in corporate roles.
People Ask More
MBA in Systems – MBA with IT or Systems specialization equips you for IT management roles.
MCA (Master of Computer Applications) – MCA is a 2-year program focused on software development, programming, database management, etc.
MSc IT (Master of Science in Information Technology) is a postgraduate course on information technology and its applications.
Advanced diplomas in computer languages and software like Java, .Net, SAP, etc.
Certification courses in digital marketing, web designing, and data analytics.
MBA in Finance – MBA Finance covers financial management, investment banking, and equity research in depth.
CFA (Chartered Financial Analyst) – CFA certification is globally recognized in corporate finance and financial analysis.
FRM (Financial Risk Manager) – The FRM course deals with risk management and is pursued by students interested in risk analysis careers.
CFP (Certified Financial Planner) – The CFP course covers personal and corporate finance planning.
Actuarial Science – Actuaries analyze risk using mathematics, statistics, and financial theory.
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