M. Com, MBA or Job: The Best Path for B. Com Graduates


A famous quote says, “Choose a job you love, and you will never have to work a day in your life.” So while selecting the right career track, it is imperative to follow passion rather than a lucrative paycheck. One such career stream is B.Com which most of the commerce students opt for. After completing a 3 years graduation degree from a reputed college, a lot of questions wander in the minds of the students as to what next do they opt for. Some may be willing to go for higher studies while others will prefer a job. Although on the last day of the exam, students feel that they can now sleep for 10 hours, wake up at 11 am, watch movies or parties with friends, but in reality, they are bombarded with endless questions from parents, neighbors, and relatives about their future career plans. In today’s world, there are ample of career-enhancing courses which can offer the best guidance to streamline dreams to reality.

Some students might be of the view that soon after completing B.Com, they become eligible to pursue a job in any of the top companies. But in a competitive world, it is degrees and efficiency which companies seek. Thus B.Com graduates will require higher educational qualifications to become successful. But the w=question is which is the right course they must go for—is it M.Com, MBA, or any Job oriented studies like CA, Banker, or sitting for civil service exams. As commerce graduate students are often inclined towards accounting and finance; hence, a few courses in the finance sector might be helpful. Furthermore, if students wish to become lecturers or professors, then there are top B. Ed colleges in Delhi which can help shape their future.

Ø Masters of Commerce (M.Com)

After graduating in B.Com, most students prefer to specialize and obtain a master’s degree course in commerce. This is a 2-year specialization course that focuses on business, economic, finance, accounting, Taxation, statistics, management, and marketing. By completing M.Com, students are eligible to draw 3lacs to 5 lacs pay scale from top companies like TCS, Genpact, WNS Global Services, BOP, Infosys, etc.

 

Career options available

  • Customer relationship executive at a nationalized bank
  • Probationary officer at a nationalized bank
  • Junior accountant
  • Sales officer (accounts)
  • Credit officer in an insurance company
  • Relationship manager
  • Company law assistant
  • Financial analyst
  • Loan officer

Ø Masters of Business Administration (MBA in Finance)

Several students are often advised to pursue an MBA course as it offers an excellent career prospect based on the credibility of the institution is pursued from. Success often lurks at the doorstep if students obtain an MBA course from a reputed organization like IIM, but pursuing it from any ordinary institute might not add colours to the resume. The foremost step for an MBA is to clear the CAT (Common Admission Test) exam, and the score obtained here determines the eligibility of the students in top MBA institutes.

For enrolling in any MBA college, students need to have a graduation or above degree. It is a 3-year course wherein students can select from their desired specialization course such as — Human resource management, Banking & insurance management, Marketing Management, Systems Management, and Financial management. After completing an MBA degree, students can draw a salary of 6 lacs – 10 lacs from top companies like Bank of America, Microsoft, JP Morgan, Accenture, Amazon, etc.

Career options available

  • Corporate finance
  • Corporate banking
  • Derivatives structuring
  • Private equity
  • Hedge fund management
  • Asset management
  • Treasury
  • Credit risk management

Ø Government Jobs:

Another important decision which several B.Com graduates opt for is government jobs that have fixed working hours, good pay scale, and lesser work stress. Besides, they can enjoy benefits like childcare, medical benefits, housing loans, and lots of holidays. So if any student plan on pursuing a government job they must apply for civil service exams like IES, IAS, IPS, SSC CGL, banking exams (IBPS PO, IBPS Clerk, SBI PO, RBI, etc.), or Railway RRB exams.

Ø Lecturer/Professor

One career course some B.Com students desire is to become a professor in any of the eminent colleges or institutions.  For this, any student can apply for M.Com and then sit for the National Eligibility Test. They can as well pursue a B.Ed. degree from any of the top B.Ed. colleges to enhance their eligibility. It is a stable job which offers good pay.

Lingaya’s Lalita Devi Institute for Management & Sciences based in South Delhi and affiliated to the IP University is one of the best B.Ed. colleges in Delhi NCR. The B. Ed course in LLDIMS is incredible as it helps to fuel the passion of the students and provide them with guidance to overcome all job-oriented problems and make them future-ready.