Completing a B.Com degree is the first important step towards your career. But this degree alone is not enough. In today’s competitive era, it has become difficult to get a big job or high salary on the basis of graduation alone. In such a situation, the question arises that what next?
Should you do a specialization course or a general management course like MBA? Your interest and future plans will determine this choice. That’s why we have prepared a list of 12 such best courses for you which will not only teach you new skills but can also open the way to earning from ₹ 5 lakh to ₹ 20 lakh annually.
Why is further study important?
- Better career opportunities: The right course gives you the freedom to work in new areas.
- Skill Development: Specialized courses can help you enhance your skills.
- Matching up with Industry Demands: It is important to acquire knowledge and skills according to today’s industry trends.
- Networking Benefits: Professional network is created through the course.
- Satisfying Job: Working in your favorite field increases the enjoyment of work.
- Good Salary: A higher degree or certification also increases your earning potential.
1. M.Com (Master of Commerce)
This is the most common but effective option. This course is suitable for students who want to gain in-depth knowledge related to accounting, finance and business.
- Duration: 2 years
- Average Salary: ₹3.26 lakh per annum
- Top Jobs: Financial Analyst, Investment Banker, Finance Manager
- Eligibility: BCom degree with minimum 50% marks
2. CA (Chartered Accountancy)
CA is the most prestigious and challenging professional course in India. If you have a strong hold on accounting, taxation and auditing, then this can be a great career option for you.
- Duration: Approx 4.5-5 years
- Average Salary: ₹10.9 lakh per annum
- Top Jobs: Chartered Accountant, CFO, Auditor
- Organization: ICAI (Institute of Chartered Accountants of India)
3. MBA (Master of Business Administration)
This course makes you proficient in business strategies, management, marketing, finance etc. It is considered the fastest way to reach higher positions in the corporate sector.
- Duration: 2 years
- Average Salary: ₹8 lakh per annum
- Top Jobs: Marketing Manager, HR Manager, Business Analyst, CTO
- Entrance Exam: CAT, GMAT, XAT (not mandatory in online courses)
4. CS (Company Secretary)
If you are interested in corporate law, company registration and legal aspects then CS is a great option. This course prepares you to handle the legal responsibilities of any company.
- Duration: Approximately 3 years
- Average Salary: ₹9.2 lakh per annum
- Institute: ICSI (Institute of Company Secretaries of India)
5. CFA (Chartered Financial Analyst)
This course is suitable for investment analysis, portfolio management and financial risk. This internationally recognized course prepares you for the global finance industry.
- Duration: 3-4 years
- Average Salary: ₹9 lakh per annum
- Top Jobs: Asset Manager, Risk Consultant, Equity Research Analyst
6. ACCA (Association of Chartered Certified Accountants)
This is a globally recognized accounting course, in which different levels of exams have to be passed in 3 years.
- Average Salary: ₹5-11 lakh per annum
- Jobs: Forensic Accountant, Tax Manager, Financial Manager
- Qualification: 65% marks in 12th with Maths and English
7. CIB (Certificate in Investment Banking)
If you are interested in stock market and corporate finance, then this 6-12 month certificate course can be very beneficial for you.
- Average Salary: ₹18 lakh per annum
- Top Jobs: Investment Banker, Wealth Manager
- Institutes: IIM, Coursera, Udemy etc.
8. Data Science Certification
Data science is an emerging field in which there are immense possibilities even for BCom graduates. If you have an interest in analytical thinking and programming, this can become a high-income skill.
- Average Salary: ₹14.6 lakh per annum
- Jobs: Data Analyst, Machine Learning Engineer, Data Engineer
- Platforms: IBM, Coursera, Udemy
9. CMA (Certified Management Accountant)
This course conducted by IMA provides specialization in Management Accounting and Strategic Finance. It is an exam in two parts.
- Duration: Approximately 3 years
- Average Salary: ₹6.5 lakh per annum
- Jobs: CFO, Management Accountant, Risk Manager
10. FM (Financial Modeling Analyst)
Under this course, you are given information about data tools, modeling techniques, and financial analysis. This course combines finance and technology.
- Duration: 3 months to 2 years
- Jobs: Financial Analyst, Investment Analyst
Conclusion: Choose the course according to your goal and interest
All the courses are specialized and you are to choose in which way to go. CA, CFA or ACCA will suit you best when you wish to go deeper into the sphere of finance. Conversely, in case your aim is management management If you are in MBA, then MBA is a good bet.
No one can bring your career to the next level unless you reach the next level in education. Thus be wise in selecting the course and make your future successful.
You can even observe online/distance learning possibilities of such courses in case you wish to do so that you ease up so that you can continue doing the course as well as doing the job.
Do you require a detailed course of any one course, then I can prepare even that in Hindi too.
