There has been a significant increase in the number of Indian students who have decided to study abroad after completing their Bachelor of Commerce (BCom). When students choose to study courses abroad after BCom, they immediately expand their options and prospects. Furthermore, international universities offer world-class education, modern facilities, and an excellent scope of research. The prestigious universities abroad offer valuable master’s degrees and niche programs. A master’s in commerce or finance from an internationally reputed institute is valued worldwide. If you are planning to study abroad, let’s take a quick look at the best career opportunities, the study abroad process, and some of the best destinations with universities.
Best Courses after BCom in Abroad in 2024
Given below is a detailed list of various popular courses after BCom. Graduates can choose among them based on their interests and specialization.
Master of Business Administration (MBA)
Indian students, after completion of the BCom course, often opt for an MBA abroad. MBA from reputed foreign universities offers a valuable degree for the best job opportunities. For their postgraduation, commerce graduates can opt for specializations like Finance, HR, Accounting, Investment Banking, Marketing, and International Business. B- schools in the USA, UK, Canada, Australia, and Germany are prestigious global rank holders. Indian students must take various competitive exams like GMAT, GRE, IELTS, and TOEFL, among others, to apply for courses after BCom abroad. The average salary offered after MBA from a foreign university can be between US $85,000 to $135,000 per annum. The top job offering companies are Morgan and Stanley, HSBC, Boston Consulting Group, Deloitte, EY, Goldman Sachs, and Google.
Master in Finance (MFin/MiF)
A master’s in finance is another sought-after degree for Indian commerce graduates. To pursue a master’s in finance, a three-year full-time Bachelor of Commerce is compulsory. The leading foreign universities also require two years of work experience related to finance as an admission requirement. The career opportunities after completion of a master’s are investment banking, financial analyst, financial consulting, financial advisor, stockbroker, and corporate banker. After completing a master’s in finance abroad, the average salary ranges between US $65K to $75K annually.
Master in Business Analytics (MBAn / MSBA)
A master’s in business analytics is an emerging career opportunity for BCom students. With growing digitalization, the demand for skilled professionals in business analytics is rapidly increasing in foreign countries. The job positions offered are data analyst, business analyst, quantitative analyst, and risk analyst.
Master in Economics
A master’s in economics is one of the diversified career options for Indian students after completing the BCom course. Foreign universities in USA and UK offer specialized programs in economics after graduation. Some top commerce universities in foreign countries are the London School of Economics, Yale University, the University of British Columbia, Carnegie Mellon University, Princeton University, and the University of Chicago. After completing of master’s in economics, Indian students can get employment as a budget analyst, financial analyst, operations and list and market analyst. The average salary ranges from US $75,000 and $110,000.
Master of Commerce (MCom)
Master of Commerce is a 2-year program in foreign universities that can be pursued after completing a three-year full-time BCom degree. The course includes accounting, economics, statistics, sciences, and finances. The career opportunities after pursuing the Mcom degree are immense. Students can get employment opportunities in finance, accounting, research, banking, and insurance. The average salary for MCom graduates after study completion ranges between US $75,000 to $110,000 per year.
Master of Commerce (Agricultural) – Agribusiness Management
Master of Commerce and Management – Rural Finance
Master of Commerce (Business Law)
How to Study Abroad after BCom?
Those in the final year of BCom can start the application process to study abroad as it is a lengthy process. Study abroad programs are available to Indian students with a minimum education of 15 years without any gap year. The entire application process to study overseas may take around 12 months. Below are the required steps in detail –
Step 1: Choose the right course:
Commerce is a popular stream in India. Getting a master’s degree in commerce from an abroad university can be valuable. The first step toward studying abroad is to pick the right career option. Students can choose any specialization or course from accounting, business management, finance, economics, marketing, and international relations. The scope of these subjects is immense.
Step 2: Choose the right study abroad destinations:
Choose the right study abroad destination depending upon the university and the cost of living. Some top study destinations for commerce graduates are the United Kingdom, the USA, Canada, Australia, and Germany. These countries are home to some top-ranked universities with prestigious faculties, research scope, and academic excellence.
Step 3: Shortlist the university:
It is essential to shortlist the best university out of all the available options—research before finalizing based on scope, cost of study, rank, and opportunities.
Step 4: Take the entrance examination:
Study abroad programs require various entrance examinations. Students after completion of BCom from India must appear for standardized entrance exams and English proficiency tests. The universities demand a GMAT or GRE score if you appear for postgraduation courses after BCom. English proficiency test (IELTS and TOEFL) is compulsory for Indian students to prove their language proficiency in all areas. After taking the test and receiving scores, arrange all the documents required for the university application.
Step 5: Documentation:
Foreign universities require a list of documents to process the application. Students should have a statement of purpose, letter of recommendation, academic transcripts, work experience, passport-size photograph, financial proof, and updated resume.
Step 6: Apply online:
Apply online by visiting the university’s official website. Fill up the online application form and upload all the documents.
While you wait for university results, you can apply for financial help or scholarships. This is the right time to go for an education loan if needed.
Step 8: Apply for a student visa:
Once you receive the university’s admission letter, you must apply for a student visa. It is essential to go through the immigration rules and policies of the destination you plan to study in. Every country has its own immigration rules and visa requirements for Indian students.
Step 9: Arrange accommodation:
After getting the student visa successfully, arranging for your accommodation abroad is essential.
Step 10: Book your tickets and start packing:
Refer to the packing checklist and things that are permitted/prohibited according to the immigration policy of the destination.
Commerce is a versatile discipline. Indian students can explore a wide array of opportunities in foreign countries after completing BCom. Canada, the UK, and the USA are some of the best abroad destinations for commerce graduates.
In conclusion, exploring top courses after completing a Bachelor of Commerce (B.Com) abroad in 2024 opens a plethora of opportunities for graduates to specialize, enhance their career prospects, and gain global exposure. Whether it's pursuing an MBA, MSc in Finance, or specialized courses in emerging fields like digital marketing and data analytics, the choices are diverse and promising. These programs not only equip students with advanced knowledge and skills but also offer a platform for cultural exchange and networking in a global academic environment. For B.Com graduates aiming to study abroad, selecting the right course involves considering their career objectives, industry trends, and the unique offerings of each program. With careful planning and a strategic approach, pursuing higher education abroad after a B.Com can significantly elevate a graduate's professional trajectory, offering a competitive edge in the global job market.
Yes. After completing the BCom course, Indian students can opt for an MBA degree in any country, including Canada. Some of the best universities in Canada are the University of Toronto, McGill University, Queen’s University, and Toronto School of Management. The world-class facilities and academic excellence offer MBA graduates global exposure and best job opportunities.
Is an Indian BCom degree accepted in Canada?
Yes, a BCom degree of 3 years from a recognized board of study in India is accepted in Canada. Some of the best universities that accept Indian BCom degrees are the University of Toronto, McGill University, Yale University, Queen’s University, and Toronto School of Management. Canadian universities offer a wide array of courses for international students with a valid BCom degree. However, students need to have a minimum of 15 years of educational record, GRE, GMAT, and English language proficiency test scores for admission.
Which abroad country is best for commerce students?
The best study abroad destinations for commerce graduates are the UK, USA, Canada, Australia, and Germany. These educational hubs have some top-ranked commerce universities and provide abundant career opportunities to graduates. Indian students after the BCom course can opt for various master’s programs in these promising destinations for best-salaried job opportunities and academic excellence.
Gauri Agrawal is a passionate, professional and proactive content marketer who wants to grow in the field of content creation.
She carries a rich experience of working in the Digital News sector with renowned names like Times Now Digital, and News X as a Copy Editor.
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