There has been a significant increase in the number of Indian students who have decided to study abroad after completing BCom. When students choose to study courses after BCom abroad, they immediately expand the number of course choices they will have. Furthermore, foreign universities offer world-class education, modern facilities, and 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
Master of Business Administration (MBA)
Indian students, after completion of the BCom course, often opt for an MBA degree abroad. MBA from reputed foreign universities offers a valuable degree for the best job opportunities. Commerce graduates can opt for specializations like Finance, HR, Accounting, Investment Banking, Marketing, and International Business for their postgraduation. B- schools in the USA, UK, Canada, Australia, and Germany are prestigious global rank holders. Indian students need to take various competitive exams like GMAT, GRE, IELTS, TOEFL, among others to apply for courses after BCom abroad. The average salary offered after MBA from foreign universities is INR 40-65 lakh annually. 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’ work experience related to finance as an admission requirement. The career opportunities after completion of 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 INR 37,13,875 to INR 71,30,640 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 very high in foreign countries. The fortune 100 companies and various global brands hire these graduates every year. 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. The foreign universities in USA and UK offer specialized programs in economics after graduation. Some of the top commerce universities in foreign countries are the London School of Economics, Yale University, University of British Columbia, Carnegie Mellon University, Princeton University, and the University of Chicago. After completion 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 between INR 47,38,161to INR 80,47,967 in foreign countries.
Master of Commerce (MCom)
Master of Commerce is a 2-year program in foreign universities that can be pursued after completion of a three-year full-time BCom degree. The course includes accounting, economics, statistics, sciences, and finances. The career opportunities after completion of MCom are immense. Students can get employment opportunities in finance, accounting, research, banking, and insurance sectors. The average salary for MCom graduates after completion of study ranges between INR 32,52,611 to INR 65,62,417 annually.
Other Study Options after Completion of BCom
- Master of Commerce (Professional Accounting)
- Master of Commerce (Marketing)
- Master of Business and Commerce (Accounting)
- Master of Commerce (Advanced) in Applied Finance
- Master of Commerce in Economics
- Master of Commerce in Supply Chain Management
- Master of Commerce (Agricultural) – Agribusiness Management
- Master of Commerce and Management – Rural Finance
- Master of Commerce (Business Law)
- Master of Commerce (Management)
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 towards studying abroad is to pick the right career option. Students can choose any specialization or course from accounting, business management, finance, management, economics, marketing, and international relations. The scope of these subjects is immense.
Step 2: Choose the right study abroad destinations: The top study destinations for commerce graduates are the United Kingdom, USA, Canada, Australia, and Germany. These countries are home to some of the top-ranked universities with prestigious faculties, research scope, and world-class academic excellence. Choose the right study abroad destination depending upon the university and the cost of living.
Step 3: Shortlist the university: It is essential to shortlist the best university out of all the available options. Research before finalizing based on education curriculum 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. If you are appearing for post-graduation courses after BCom, the universities demand a GMAT or GRE score. 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 university application.
Step 5: Documentation: Foreign universities require a list of documents to process the application. Students should have the 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.
Step 7: Apply for scholarships and loans: 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 and apply for scholarships.
Step 8: Apply for a student visa: Once you receive the university’s admission letter, you need to 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, it is important to arrange for your accommodation abroad.
Step 10: Book your tickets and start packing: Refer to the packing checklist and things that are permitted and prohibited according to the immigration policy of the destination.
Where can you Study Abroad after Completion of BCom?
List of top universities in the US for the best courses after BCom abroad:
- Harvard University
- Carnegie Mellon University
- Princeton University
- University of Chicago
- New York University
- Johns Hopkins University
- Yale University
- Northwestern University
- University of Virginia
- Columbia University
- University of Minnesota
- Dartmouth College
- University of Pennsylvania
Universities in Canada
- University of British Columbia
- University of Manitoba
- University of Montreal
- York University
- Fraser International College
- St Mary’s University
Universities in the UK
- University of Gloucestershire
- Swansea University
- Manchester University
- University of Liverpool
- London School of Economics
Universities in Australia
- Sydney Institute of Business & Technology
- University of Adelaide
- Murdoch University
- The University of Sydney
- South Australian Institute of Business & Technology
- Newcastle International College
- The University of Melbourne
- La Trobe College
- Australian National University
Universities in Germany
- University of Applied Sciences
- RWTH Aachen University
- Free University of Berlin
- Heidelberg University
- Karlsruhe Institute of Technology
- Ludwig Maximilian
- University of Munich
- Humboldt University of Berlin
- University of Freiburg
- Technical University of Munich
- Technical University of Berlin
Commerce is a versatile discipline. Indian students can explore a wide array of opportunities in foreign countries after completing BCom. Some of the best abroad destinations for Commerce graduates are Canada, UK, and USA. Get in touch with the experts from upGrad Abroad for more details regarding courses after BCom in abroad.
Frequently Asked Questions
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 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. 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.
Can a BCom student do MBA in Canada?
Is an Indian BCom degree accepted in Canada?
Which abroad country is best for commerce students?
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
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.
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.
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