Corporate Finance Tutorials
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- Finance vs Marketing
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- Career and Scope After B.Com
- Corporate Finance vs Investment Banking
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Jobs for B.com Graduates (Freshers)
Jobs for B.com Graduates i.e. Bachelor’s in Commerce is a graduate level degree in the stream of commerce and many students in commerce stream obtain this degree at the beginning of their professional career. The crucial subjects like Corporate Accounting, Financial Management, Banking, Economics, Taxation, and Business Administration makes the course more informative and interesting to learn among the candidates.
Although a B.com degree is just an inferior degree in the resume of many brilliant commerce students, many other students choose various job options, mentioned in this article, on the basis of acquiring their B.com degree only. Now a day’s, utmost organisations are in a continuous need of such commerce graduates who can help them to manage their routine business operation in a trouble-free way. And hence, getting a basic job opportunity after completing B.com graduation is quite hassle-free and the candidate can opt for one of the following field based on their independent interest and future career aspects.
Jobs for B.Com Graduates in Top Sectors
After completion of B.com, ample job opportunities are available both in public and private sector industries. Out of which, top 10 jobs for B.com graduates are mentioned below;
- Accounting and Auditing
- Tax Advisory Services
- Financial Services
- Commercial Banking
- International Banking
- Insurance Services
- Telecommunication Services and BPO’s
- Manufacturing Services
- Government Services
- Other Sectors includes Automobile, Hospitality, Media, Information Technology Services
A B.com graduate is able to land a job with a good basic salary in the range of Rs.10,000/- to Rs.25,000/- per month in one of the above employment fields. It is indeed a business-oriented degree, so industrial organizations prefer to appoint the jobs for B.com graduates (Freshers) at different positions like an accountant, marketing executive, sales officer, commercial manager, purchase officer, inventory manager etc.
We will discuss the above employment areas one by one in detail, including the job profiles and their roles available after completion of B.com in particular field.
#1 – Accounting and Auditing
This is the most suitable and preferable section jobs for B.com graduates (Freshers). Candidates can work on different levels like a junior accountant, account executive, senior accountant, and accounts manager. Being a commerce student and having a complete knowledge of accounting system, such B.com graduates can work very effectively in this area and since passing the journal entries to finalization of annual accounts, everything needs to be done here. The accounts manager also has to check the internal accounting policy and internal control process of organization and may do some routine auditing in the capacity of internal auditor of the organization, who will also assist the Statutory Auditors to complete their tax audit, cost audit, statutory audit and so on. The accounts department of the organization is also liable to maintain the accounting and other records of the organization. The big companies like Infosys, Wipro, Reliance, Tata are always in a search of competent B.com graduates for their organizations.
#2 – Tax Advisory Services
After completion of B.com and acquiring advanced knowledge in direct and indirect taxes, jobs for B.com graduates (Freshers) can start with Tax Consultancy Firms of their own, who will guide and advise the different types of tax payers to calculate and pay their statutory taxes and files various statutory returns on monthly, quarterly, semi-annually or annually basis with different Government Authorities like Income Tax Department, GST Department, Professional Tax Department, Excise and Customs Department, ROC Department etc. This is an excellent opportunity for B.com graduates to provide more tailored tax services in the society and earn handsome money. The need for such small tax advisory firms is increased in India after implementation of GST, which requires timely payment of GST taxes and filing returns thereof.
#3 – Financial Services
Finance is one of the core parts of commerce stream, thus Jobs for B.com graduates (Freshers) suppose to have an edge in the industry, where they can be appointed in some private finance companies like Mahendra Finance, Shriram Finance, Bajaj Finance, DHFL, Indiabulls to sell the different financial products of the company and manage their customers on daily basis. The jobs for B.com graduates (Freshers) may appoint there as Finance Executive, Sells, Officer, Finance Manager, Area Manager, Customer Support, Team Leader and other positions based on the experience level of the candidate.
#4 – Commercial Banking
As we are going for the concept like digital India, a necessity of the effective banking channels are increasing in the country. And hence, a need of B.com graduates in Commercial Banking sector is also enhancing day by day. The banks like the private sector, public sector, scheduled banks and co-operative banks all require more B.com graduate to improve their service areas throughout their branches located in different cities. They employ such graduates on different profiles like cashier, accountant, probationary officers, clerks, reporter, compliance executive, relationship managers, and customer support and so on. The jobs in banking industries are very much in demand and some leading banks like HDFC, Axis, SBI, ICICI, IDBI etc. offer job opportunities to B.com graduates on passing the necessary eligibility exam of respective banks.
#5 – International Banking
As the international banking is growing in India, demand for B.com graduates are increasing in the country. The top Investment Banks like J. P Morgan & Co, Custodian Banks like Bank of New York & Mello, Third Party Service provide like Syntel & Co. hires the B.com graduates to manage their entry level tasks, mostly on the profile of Associates, Junior Analyst, Research Analyst, Reporting Executive, Billing Executive and many more. These banks seek more skilled and intelligent graduates those are having good communication and other skills. This is a very dynamic career area to explore and also pays higher salaries to their employees as compared to others.
#6 – Insurance Services
This is one of the most traditional financial service sectors who hires B.com graduates in the positions like Insurance Agents, Relationship Managers, Product Development Officers and many more. The Government sustainably takes initiatives to promote the importance of insurance within society and they also provide the tax exemption on various insurance products. The insurance companies will train such B.com graduates to promote and sell their standard insurance products like health insurance, vehicle insurance, medical insurance an many more. LIC is the oldest government undertaking who is rendering insurance services in India.
#7 – Telecommunication Services and BPO’s
Communication is a need for the generation and considering the competition among telecommunication companies, every company is focusing on providing more customised and cost-effective services to their customers. To provide better customer support to the people in a country like India, a heavy customer support team is built by such companies and which is kept going. Many B.com graduates found the excellent career opportunity in such companies as Customer Support Officers, Team Leaders, Area Managers, Development Managers and many more. Companies like Idea, Reliance Jio, Airtel are the biggest players in this sector.
#8 – Manufacturing Services
The manufacturing of any product requires huge financial and human capital like steel or seeds manufacturer. They require smart graduates like B.com to administer their business operations in an efficient manner. After completion of B.com, students can be appointed as Assistant in Charge, Store in Charge, Store Manager, Store Keeper, Supervisor, Purchase and Sell Head, Head of Departments, Inventory Manager and many other posts based on their experience level. The manufacturing companies like JSW Steel, Tata Motors, Mahindra & Mahindra frequently hires such B.com graduates.
#9 – Government Services
Both the Central Government and State Government of every state have some excellent jobs for B.com graduates freshers, which are sustainable in nature. The different department of Governments like Revenue, Railway, Defence, PWD, Forest, Research, Healthcare hires B.com graduate on a post of Probation Officer, Clerks, Accounts Assistants, Divisional Officers and other posts on regular basis. The candidates have to pass out some test and eligibility exams for the same.
#10 – Other Sectors
The jobs for B.com graduates(Freshers) found to be great in business management and they offered plenty of job opportunities in Automobile companies like Bajaj Auto, Maruti Suzuki, Hospitality company like Trident, Media company like NDTV India, Information Technology companies like TCS, Infosys, Wipro and Education Sector company like Poddar Education Trust, Real Estate companies like DLF, Reliance Infrastructures to manage the wider business operations of such large business organisations. There are many other fields where B.com graduates are hired.
Jobs for B.com Graduates (Freshers) – Conclusion
The B.com candidates can have many job opportunities after successful completion of their graduation from one of the reputed University. However, it is desirable that the students shall possess few additional professional qualifications along with their basic B.com degree to acquire an edge in their professional life. There are few career options available after B.com those will help the candidates to have higher paying jobs viz Chartered Accountant, Company Secretary, Cost and Management Accountant, Masters in Business Administration, Masters in Computers Application, Bachelor’s of Law, Masters in Law and many more courses available in the market.
This has been a guide to Top 10 jobs for B.Com graduates including that of freshers. Here we discuss job opportunities for Bcom Graduates in different areas like Accounting and Auditing, Tax Advisory Services, Financial Services, Commercial Banking, International Banking, Insurance Services, Telecommunication Services and BPO’s, Manufacturing Services, Government Services and Other Sectors. You can also have at at these other articles on Careers in Finance –