Earning an online BCom degree has become quite the trend these days. But what comes after? 

 

A Bachelor of Commerce (B.Com) online degree opens the door to a myriad of career opportunities. While many assume that traditional roles in finance and accounting are the only avenues available, the reality is far more expansive. Take, for instance, Naina Lal Kidwai. Her foundation in commerce played a pivotal role in her illustrious career, leading her to become the Group General Manager and Country Head of HSBC India. Similarly, Ratan Tata, the stalwart of the Tata Group, often emphasised the importance of a solid educational foundation in understanding the intricacies of business. 

 

Considering the growing importance of upskilling and consistent learning, many people are now stepping towards distance learning with online degrees. Online B.Com is one such pursuit, finance aspirants are keenly opting to take their first step towards a dynamic career. 

 

Whether you've just completed your online degree or are contemplating a career transition, let us take you through some in-depth insights into the world of online degrees and the highest-paying careers that you can claim after completing online B.Com.

 

The Changing Landscape of Online B.Com

With several accreditations and credibility provided by Indian statutory bodies like UGC and AICTE, online degree courses such as online B.Com are gaining significant popularity among learners looking for convenient ways to complete their education. Distance learning programs extend a myriad of advantages, thus catalysing the e-learning market, which is now estimated to reach around a whopping INR 325.48 Billion by 2026. 

 

Some of the advantages that an online B.com degree presents a finance aspirant with include: 

 

• Accessibility and Convenience: The ease to access live study sessions and recorded lectures is a flexibility only accessible through online finance programs. 

 

• Multimedia-rich Curriculum: Online degree programs usually incorporate cutting-edge learning approaches to provide students with a well-rounded learning experience. From basic recorded lecture sessions to interactive classes, with a multimedia-rich approach, learning is far easier than before. 

 

• Cost-Effectiveness: Online degrees significantly cut down additional costs that align with pursuing a traditional degree. These include saving costs on commute, lodging, food and other miscellaneous expenses. 

 

• Global Networking Opportunities: Universities providing online courses often extend special alumni communities, enabling enrolled students to connect with peers as well as established market leaders who have been a part of the same institute. This can help learners strengthen their professional network and attain exciting career opportunities. 

 

Career Options after Online B.com

Let us take you through some of the most high-paying career options that you can unlock after completing your online B.Com!

Accountant

One of the most prominent jobs, fresh graduates from an online B.Com or master of commerce program can claim the role of an accountant. Accountants play a pivotal role in managing the financial organ of any organisation. From managing financial information relevant to resources and expenses to participating in budget forecasting and audits, accountants ensure transparency across all aspects of finance, leading to better fund allocation and consistent organisational growth. 

 

The average annual salary of an accountant is INR 3,20,000 Lakhs

Tax Consultant

Specialising in taxation post-B.Com, these professionals offer invaluable advice on tax-related matters. The advent of online accounting platforms has revolutionised how tax consultants operate, making tax planning and compliance more streamlined.

 

The average annual salary of a tax consultant is INR 6,76,339.

Digital Marketing Expert

In the digital era, this role harnesses the power of the internet to drive business growth. With knowledge of SEO optimisation, content creation and social media strategy from an online degree in B.Com, digital marketers can effectively strategise campaigns, blending commerce insights with online promotional tactics.

 

The average annual salary of a digital marketing expert is INR 7,56,000.

Company Secretary

Ensuring a company's adherence to statutory requirements, Company secretaries are pivotal in corporate governance. With a commerce background and familiarity with accounting tools, they efficiently manage compliance and corporate affairs. They must be proficient in corporate law knowledge, administrative expertise, compliance management, and effective communication. 

 

The average annual salary of a company secretary is INR 7,50,000.

Marketing Manager

Tasked with devising and executing marketing strategies, their role is crucial in driving business growth, market research, brand management, campaign planning, and digital marketing strategies. A B.Com course equips them with commerce insights, allowing them to tailor marketing strategies effectively in the digital landscape.

 

The average annual salary of a marketing manager is INR 11,20,000.

Chartered Financial Analyst

Did you know the CFA exam is one of the world's toughest finance exams? This profession delves into online finance, equipping individuals to analyse investments and manage portfolios. With a foundation from B.Com, CFAs are primed to navigate the complexities of financial markets, making them indispensable in the finance sector. Their skills include investment analysis, portfolio management, and financial modelling. 

 

The average annual salary of a CFA is INR 10,38,314.

Chartered Accountancy (CA)

As experts in online accounting, CAs must be proficient in skills like taxation expertise, auditing, and financial reporting. A B.Com background, especially from distance learning, provides a robust base, making CAs the backbone of any financial institution. 

 

The average annual salary of a Chartered Accountant is INR 11,20,000.

Actuary

Using statistics analysis and financial forecasting, actuaries predict uncertain future events. The rise of distance learning has made it easier for B.Com graduates to pursue actuarial studies online, enhancing their proficiency in risk management.

 

The average annual salary of an actuary is INR 11,88,811.

Financial Risk Manager (FRM)

Specialising in online finance, FRMs assess and manage potential risks in investment decisions. Their expertise must include risk analysis, quantitative analysis, financial modelling, and regulatory knowledge. Their B.Com foundation will ensure businesses make informed and secure financial choices.

 

The average annual salary of a financial risk manager is INR 14,76,596.

Investment Banker

Aiding organisations in capital acquisition, their role is pivotal in financial planning. Their role also includes expertise in mergers and acquisitions, capital market analysis, and client relations. With B.Com insights and advancements in finance, investment bankers are better positioned to offer strategic financial advice.

 

The average salary of an investment banker is INR 17,66,877.

Conclusion

As we go through the expansive landscape of opportunities post an online B.Com, it's evident that the horizon is vast and inviting. But why stop at the horizon when there are galaxies to explore? It's not just about adding another feather to your cap; it's about soaring to new heights, equipped with knowledge tailored for tomorrow's commerce challenges.

Use this opportunity to elevate your academic journey and career aspirations with expert guidance from upGrad Disha. The perfect opportunity to explore and upskill for students!