Graduation plays a crucial role in stepping the first steps towards a career. Many students find it difficult to choose a right career option for them. Many students go for higher studies for shaping their career while some others want to prefer job along with their studies. Having a bachelor degree in economics and commerce open many doors for a bright career. The knowledge and skills gained during a degree program are beneficial in most of the industries.
A bachelor’s degree program is essential for understanding all the aspects of various national and international businesses and economics. Graduates who pass economics and commerce subjects can apply in many fields. Before choosing the best career fit one should have self-knowledge. He should also have knowledge about growth prospects, competency, availability of jobs and skills requirement related to the field he is going to opt.
Job Opportunities for commerce students after bachelor
Communication and transferable skills will boost your career for rapid success. Here we are going to discuss some of the career options for economics and commerce graduates:
Government Sectors: A graduate in economics or commerce can have an opportunity to work in government agencies at fresher posts such as economists, accountants, analysts and research assistants. If one wants to work in government sectors at higher posts, he can go for Indian Economic Service Examination conducted by UPSC (Union Public Service Commission). Students can also give entrance exams such as IAF account exams, Combined Defense Services exam and more for pursuing challenging roles in their career. After cracking entrance exams, one can start his career in civil services, public services, government banks and other government sectors.
Media and journalism: One who is good in communication skills and has a good command in English subject along with economics can start his career as a journalist in social enterprises. This field requires those candidates who are clear to express various economic terms and theories publicly. A graduate can start his career as a business writer, editor, freelance writer, business journalist and a specialist in economic affairs.
Education Field: One who is passionate in teaching and wants to share his knowledge among others, working in educational institutions is the best option for him. He can work at a high school as an economics or commerce teacher. It requires a Master’s Degree such as M.Com (Master of Commerce), M.Sc in Economics; and to clear B.ed. Or NET exam for being a lecturer at colleges, universities and institutes.
Corporate Law: Students who want to pursue their career in the corporate field as a lawyer, corporate law is the perfect fit for them. One has to do LLB along with the bachelor degree in economics or commerce for having bright career choices as a business lawyer. One can start his career by working under a lawyer and after having experience, he can work as an independent lawyer.
Private Sectors: After graduation, one can kick-start his career as an entry-level aspirant in various small and big companies, banks and financial firms. Some companies also hire candidates on a training basis. There are many job options in private sectors for a graduate:
Accountant: As a fresher after graduation, being an accountant is the best option for students. It is required for all types of big and small industries. Various companies, schools, hospitals, firms, agencies and all other institutes require accountants to track records of their profits and loss.
Consultant: Commerce is all about taxation and accounting. The best part for commerce students is to work as a tax consultant in various firms and gain some experience. One can also work as a finance consultant. The role of finance consultant is to give advice related to savings, financial and retirement planning so that people can save money for their future. One can follow his career in the insurance industry as well as an insurance advisor or an insurance consultant. After having some experience, aspirants can offer their own consultancies independently. If one has a good knowledge of commodity and capital market, he can pursue his career as an investment consultant. One can also work as an economist after doing M.Com in economics.
Manager: Graduate can apply for the post of assistant manager and after specialisation one can be a manager in the related field.
- Export-Import companies hire graduates for documentation and custom work. At first, you can apply as a fresher and later on, you can work as a manager.
- In today’s era, event management is a raising business. Starting with an assistant post, one can do masters in event management and then work as an event manager or may work independently and plan all big and small events to earn money.
- One can also start their career with travel and tourism It requires marketing, accounting and costing subjects at graduation level.
- After B.com one can join a hotel industry for a kick-start. He can do specialisation in hotel management. It mainly requires knowledge of costing.
- Graduates can also apply for Human Resource person. After doing masters in Human Resource, they can be upgraded to HR Manager.
Banking Sectors: In banking sectors, they usually hire graduates with commerce subjects. Many banks also hire fresher for handling accounts. One can visit banking websites or follow employment news to register their name while applying for a job.
BPO/KPO Customer services:
BPO(Business process Outsource) and KPO(Knowledge Process Outsourcing) services also hire fresh graduates at full-time, part-time, day and night shift basis. They also provide meals, cab services and a good salary package along with some incentives. One can work as a client service executive, customer care executive and a team leader. Good communication skills are required for this post.
Auditor: One can pursue his career as an auditor, it’s the higher post after an accountant. The skills required are accuracy in checking financial and accounting ledgers. This job is based on teamwork and one may have to travel also for official purposes.
Stockbroker: One who has knowledge of commodity and capital market can start his career as a stock broker. It requires graduation in economics, finance and mathematics subjects. One can also do a short term course from stock trading institutes such as NIFM (National Institute of Financial Market), ICFM( Institute of Career in Financial Market) etc. and apply for the higher posts.
CS/CA/CWA/CFA: Due to the rise in demand of professionals in the economy, there are bright career options for commerce and economics students as a CS (Company Secretariat), CA (Chartered Accountant), CWA (Costs and Works professional) and CFA (Costs and Works professional). This field requires communication and financial skills for getting high pay scale.
Market Researcher: One who has knowledge of the latest market trends can choose his career as a market researcher. The role of a market researcher is to know about the latest trends and competitors of the market and can take action for the growth of the company. One should have the ability to launch new products as per the customers need.
Be an Entrepreneur: If one has the ability to take initiatives, he can be an entrepreneur. Starting from the small scale business with knowledge of accounts, tax, marketing, finance and insurance, one can succeed even in a large scale business. Students can do MBA or some certified courses for gaining theoretical knowledge of the required field. Experience, risk-taking and decision-making capability is a must for getting success in future.
Administration jobs: Administration work is required is almost in every field. One can start his career as an administrator after doing graduation. It requires basic computer knowledge with any subject, such as accounts, commerce, tax, finance, economics and more. The master’s degree or a diploma course will prove a booster for getting a higher level of administration jobs. On the whole, there are wide career opportunities for a graduate in economics and commerce. One should identify his skills and can take help of the career counsellors for gaining self-knowledge. They will also guide you in taking right decision to choose the field of your own choice to underlay your future career path.