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Career in Finance after B. Com

September 2, 2016
career in finance after bcom

In today’s dynamic and ever changing job market scenario, just having a bachelor degree like B.Com isn’t enough to get you a secure and good position. Students must have correct information and extra competencies along with their B. Com degree to face the robust competition in life. Finance is an interesting vertical to work in after completing B.Com and we’ll discuss how you can pursue your dream of working  in the Finance industry after B.Com.

It is commonly believed that earning a bachelor’s degree, significantly B. Com degree within the commerce stream could be a pretty smart move in respect to career and also the minimum requirement to land a regular job. If you are looking for a career to improve your salary package then there are many courses available for obtaining good salary. Though this is often correct, it could be deceptive occasionally. And here’s why.

  • Delay in making the right Career Choice: Most of the scholars get into commerce stream with no understanding of what it involves. several students are unaware that career moves are to be made at this stage only. The more you delay this, the lesser are the career selections you'll be able to create.
  • No practical knowledge and experience: Whereas there may be a plenty of job opportunities for B. Com graduates, the key game changer becomes the salary package and position and for that simply a B. Com degree isn't enough. These days, organizations like candidates with advance practical knowledge and experience. Students usually don’t have a plan regarding the choices of other courses that may boost the worth of their B. Com degree.
  • Joining unrelated courses: Without a correct assessment of one’s own strengths and weaknesses, students be a part of courses that are not beneficial to them. this might be either result of personal fascination or peer pressure, it doesn’t work out, leaving them with poor & underpaid jobs.
  • Focusing on educational Courses only: Sometimes, there are 3 sorts of courses within the commerce section i.e., educational courses (like B. Com), skilled courses (like CS, CA etc.) and occupation courses (like Banking & Finance etc.). Generally, students tend to trust solely on the educational courses with no inclination towards getting practical ability sets. However, students with practical skills and occupation courses are given a lot of preference by recruiters. So, it makes way more sense for college students to pursue a B. Com degree beside CS and Banking & Finance course.

Having said that and understanding present scenario, there is big question in every scholar’s mind “What should I next? Which course should I go for?” Many Companies and organizations in today’s life are looking for specialized and expert marketers to get higher profit in a smarter way. Here are some Courses in marketing that you can pursue to start a career in marketing.

One of verticals that B. Com graduates can get into is Finance, which is a professional stream of work and they are also paid more salaries upon graduating in Finance.

According to the U.S. Bureau of Labor Statistics (BLS), financial managers can expect moderate to faster-than-average growth of 12% from 2014-2024, along with serious competition for available positions. Depending on the specialization, the BLS anticipated an increase in jobs of 7%-16% for financial professions between 2014-2024. (Source: U.S Bureau of Labor Statistics)

Some popular career paths in Finance include:

  • Financial analyst
  • Financial controller or director
  • Manager of a finance department
  • Chief financial officer
  • Commercial or investment banker
  • Real estate or insurance finance manager

In February 2016, reported high salaries for MBA-holders in a type of monetary professions. Financial analysis managers attained a median annual income of $81,250, whereas a chief money officer's median annual wages stood at $121,942. conjointly noted that experience additionally played an outsized factor in earnings, with entry-level MBA graduates earning a median wage of roughly $61,748, whereas those with 5 or a lot of years' expertise saw a median wage of $83,475.

If you are wondering what are the options in finance for me, then you need not worry, we got it covered. Just follow the list of courses below which you can venture into after finishing your

Choices after B. Com for career in Finance:

MBA in Finance

Probably the most obvious and safe selection for anybody who needs to jumpstart a career in financial services is to go for MBA.

The advantage that MBA has over the other format is that it permits you a decent all round exposure to numerous aspects of finance, accounting, cost accounting, financial modeling, statistics and so on.
Additionally, if you decide on your minors well, you'll be able to have exposure in the fields like marketing, behavioral science, human resources, etc. therefore providing you with the most effective doable probability for growth within the money services trade.

However, be warned that lots of your ability to kick start could also be dependent on a mix of economic factors, the strength of your placement cell, your alumni and additionally your freelance ability to network.
If you would like to get on the worldwide stage, then do keep in mind that MBAs from Harvard, Stanford, and INSEAD need to do their bit of searching further. Even the holy IIMs don't formally guarantee you a placement.

Below listed chart describe well the average remuneration earned by the Finance Graduates.

There are many reputed colleges and institute in India to pursue Masters of Business in Finance from. The list includes:

 Here is the full list of colleges


Actuaries assess the financial security systems, keeping a hawk’s eye on their complexness, the mathematics calculations within the same and their mechanisms.

Actuaries try and use arithmetic to gauge the likelihood of events and minimize the impacts of economic losses related to an occurrence that's not solely unsure however is undesirable.

Many events like death can't be avoided, but as an actuary your job is to try and do the necessary to reduce their monetary impact if as and after they occur. These risks have the chance of impacting either side of the record. Thus, you'd be needed to own the requisite skills in asset management, liability management, and valuation skills.

An actuary is expected to have some knowledge of analytical skills, business information and understanding of human behavior that's needed to style and manage programs that assess and management risk. If you're an actuary, then you'd be possibly utilized within the Insurance business however conjointly in company homes like Reliance, that problems one hundred year or perpetual bonds. The profession is ruled by the Actuaries Act of 2006 CFA.

Below listed chart describe well the average remuneration earned by an Actuaries.

Actuary (India)
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There are certain requirements which are required to be fulfilled to be called as an Actuary. Have a look and decide if it is the most beneficial course for you!

Certified Financial Planner

Certified Financial Planner certification is a mark of excellence for those who meet the demanding standards of examinations, education, expertise and ethics. One of the most prestigious and internationally accepted financial planning qualification and is renowned in the global financial community.

The Financial Planner Certification trains aspirants and existing financial intermediaries for giving complete financial consultee services to people and build a satisfying career within the financial services trade.

Financial planning Standards Board (FPSB) of India is the principal licensing body that awards CFP Certification in India through associate degree agreement with FPSB Ltd., Denver, USA.

As a beginner one can get salary package around Rs 3,00,000 to Rs.5,00,000 per annum and then one grows according to the experience and quality work.

Below listed chart describe well the average remuneration earned by a Certified Financial Planner.

Economics Degree

Economics degree is also a good choice for making a career in financial services. After all, it’s the economists who create all the policies that determine whether the country grows or thrashes.

Economists are valued in the financial services industry for predicting an impact of policies that may affect business performance and make informed decisions about how policies would move and how the business should react to the changing policies.

If you chose to become an economist then the financial services world would look to you just like many people look to astrologers, i.e. to understand complex inputs and give guidance on how to use the available resources for creating valuable outputs.

An Economist is supposed to get good return in both private and public sectors. In most of the public sector like in government services an Economist can expect a minimum salary of INR 20,000/- to INR 25,000/- at the entry level per month.

Below listed chart describe well the average remuneration earned by various profiles regarding Economists.

Economist (India)
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Chartered Alternate Investment Analyst

The CAIA Charter program is a rigorous, self-directed education program for finance professionals seeking deep knowledge and expertise in alternative investing.

The CAIA Charter is the globally recognized credential for professionals

The CAIA Charter provides a framework for evaluating expertise in alternative investments. Global banks, leading asset management firms, consultants, hedge funds, professional service firms, as well as regulators recognize that CAIA Charter Program provides the education that is essential to success in alternative investments.

The CAIA Charter designation is the highest standard of achievement in alternative investment education and provides broad knowledge, demonstrated expertise, and global credibility in alternatives.

Below listed chart describe well the average remuneration earned by a Chartered Alternate Investment Analyst.

Financial Risk Manager

The Financial Risk Manager (FRM) designation is a certification accepted worldwide and is offered by the Global Association of Risk Professionals. To get the FRM designation, a candidate should complete a rigorous two-part, practice-oriented examination that covers the key topics in monetary risk management, demonstrate 2 years skilled work expertise in financial risk management, and meet alternative necessities.

The FRM is a qualification for risk management professionals, significantly those who are involved in analyzing, controlling, or assessing potential credit risk, market risk, and liquidity risk. Additionally, as non-market connected financial risks. prime employers of FRM holders include international financial services companies like Deutsche Bank, HSBC, and UBS, also auditing companies KPMG, Ernst & Young (EY) and PricewaterhouseCoopers (PwC).

Financial risk managers in the USA can earn anywhere between US$ 100,000 and US$ 250,000. They normally receive various fringe benefits, which include pensions after retirement, health and life insurance as well as paid vacations. The average salary of FRM in India is INR 900,000.

Below listed chart describe well the average remuneration earned by a Financial Risk Manager.

Compare your salary. Get a FREE salary report »

Note: EduPristine provides guidance and training for FRM course FRM Training Course which has helped many students in growing their career.

Financial Modelling

Financial Modeling deals with the analysis of a company's performance on applicable monetary factors. The certification course of financial Modeling largely comes in conjunction with MS excel coaching. It helps professionals to handle finance models applying Microsoft excel.

Financial Modeling is widely used in investment banking, corporate banking, risk departments, etc. There is a wide range of opportunities and roles available after the completion of this course. 
- Financial Analyst
- Financial Manager
- Business Analyst
- Market Research Analyst

According to payscale, if you have financial modeling as a skill then you can earn somewhere around 5-12 lakhs depending upon the position.

Below listed chart describe well the average remuneration earned by a Financial Modelers.

Note: EduPristine provides guidance and training for Financial Modeling course which has helped many students in growing their career.

Investment Bankers

Investment bankers are intermediaries that help their clients - whether people, firms or governments in rationally investing their cash. Additionally, investment bankers are accountable for acquiring and selling those securities on behalf on their clients.

An investment banking career involves raising equity and debt capital for firms, and is a pretty choice for recent university graduates or professionals with a couple of years of expertise. However, competition for these positions is absolute uncontrolled and the hours threatening, the profession remains a highly-lucrative possibility for young professionals wanting to earn high levels of financial gain in addition to executive-level expertise.

The following table from will give you more detail about the salary structure.

It is good if you get good marks in B.COM, but what if you don’t? What do you do? There are plenty of career options and courses available after B.COM even if you have scored less in the exam. I hope you like the article and found it helpful. If you feel there are any other interesting courses that we missed out on, feel free to mention in the comments section below.


About the Author

Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, it is one of the leading International Training providers for Finance Certifications like FRM®, CFA®, PRM®, Business Analytics, HR Analytics, Financial Modeling, and Operational Risk Modeling. EduPristine has conducted more than 500,000 man-hours of quality training in finance.


Global Association of Risk Professionals, Inc. (GARP®) does not endorse, promote, review or warrant the accuracy of the products or services offered by EduPristine for FRM® related information, nor does it endorse any pass rates claimed by the provider. Further, GARP® is not responsible for any fees or costs paid by the user to EduPristine nor is GARP® responsible for any fees or costs of any person or entity providing any services to EduPristine Study Program. FRM®, GARP® and Global Association of Risk Professionals®, are trademarks owned by the Global Association of Risk Professionals, Inc

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