It is a good idea to go for MBA after doing B.Com. and it is a good career option but there are many other avenues which are equally good and some of them could be a better course of action. So I will be mentioning them including MBA in brief for a comparative survey and depending upon ones interest area and liking, one can decide where to try ahead for a good career.
1. Banking Sector - As a graduate you are eligible to apply for banks job and for this the most coveted entrance examination is IBPS which is conducted to appoint clerks or probationary officers in the PSU banks. This exam is conducted in two stages and questions on English Language, Numerical Ability and Reasoning Ability are asked in the prelim exam while questions on Reasoning & Computer Aptitude, English Language, Data Analysis & Interpretation, General Economy & Banking Awareness and English Language (Letter Writing & Essay) are asked in the final exam. Online registrations and applications for it generally take place every year in the month of July-August, prelim exam sometime in October and Final exam in the end of November. If you want to apply in private banks then you have to apply separately for that to the concerned bank only.
2. Govt Jobs - These are much sought after career options and there are many competitive exams in state Govt or central Govt level and though there is quite a rush for these administrative vacancies but these are really the lucrative jobs. UPSC civil services, Indian Railway, RBI grade B exam, PSU jobs, Assistant grade services in Govt offices etc are some of the good ones under this category and each has its own entrance exam. It is worth trying them for a bright career.
3. MBA pursuit - It is definitely a good idea to go for MBA after B.Com. and this gives opportunity to apply in various industries which regularly take MBAs for various positions in their departments. The important thing is that one has to try to get a good score in MBA enabling one to get eligible for campus recruitment for direct absorption in the industry rather then trying here and there. It, of course, requires a dedicated approach to the course with lot of hard work. I will vouch for MBA finance as a better choice followed by marketing and HR. If you have interest in the internet and the digital world you can think of trying your luck in the arena of digital marketing also which is emerging as a niche area in the marketing industry.
4. Chartered Accountancy (CA) - This is the most common course pursued by the commerce graduates and there are three levels to complete namely CPT, Articleship and IPCC and it takes at least 3 years to complete the CA course. After doing CA one has opportunity to apply in accountancy firms, can apply in accounts services in Govt sector, can start ones own consultancy for tax or other financial entities, can take up the lucrative work of preparing company balance sheets and profit and loss accounts, institute of CA of India is also recognised in some foreign countries like England and Australia and one can explore that avenue also and can pursue jobs linked to many other activities related to finance and accounting.
5. M.Com. - This is also an option for a B.Com. student and one can excel in one's core area. There are many specialisation subjects in M.Com. but most preferred are Finance, Marketing and Taxation. After completing this 2 years course one can try for a job in the industry as Sales Officer, Loan Officer, Junior Accountant, Senior Accountant, Financial Assistant, Relationship Manager, Company Law Assistant, Credit Officer in insurance company etc.
Today we are in an age of specialisation. There are many specific areas where a B.Com. person can try to focus for a career making. For these some short duration certificate courses might be needed. Some of these discreet areas are Project Financing, Investment Planning, Insurance and Risk Management, Certified Financial Planners, Certified Public Accounting, Tax Planning etc.
Knowledge is power.