Top Study Abroad Options after B.Com (3-Year Degree) from India

  • Are you a B.Com graduate aiming to pursue your higher education abroad?
  • If yes, being a student with 15 years’ (12+3) education, are you aware of the offerings by international universities?
  • Are you willing to explore Master’s courses other than the traditional MBA programs?

If your answer is yes, you have come to the right page!!

This article showcases popular master’s programs available for B.Com graduates, along with their scope, prospective job roles, and average annual salaries, and also a list of universities from USA and Canada that accept bachelor’s students having 15 years of education.

Study Abroad Options, Jobs & Salaries after B.Com

By Daisan P T

Master’s in Management (MiM)

An MBA is the most preferred choice for students aspiring to gain the required professional skill-set/know-how to achieve high-level corporate leadership/entrepreneurship. However, a Master’s in Management is the new wave for fresh undergraduates having little (say less than 2 years) or no work experience.

MiM programs offer specializations in Marketing, Consulting, or Finance. It provides an excellent foundation for entry-level jobs in business management. Graduates from any discipline are eligible to apply for MiM programs. Unlike MBA programs, applicants do not necessarily need to possess professional accomplishments. However, like MBA programs, GMAT/GRE is mandatory for top universities.

If you nurture the desire to hone your professional skills and develop business acumen for securing a high paying leadership position, then a MiM is the ideal choice for you. The program is growing in popularity as its program fee is only about 50% of the traditional MBA degree.

Related Article: MiM vs MBA – Which is Right for Your Career?

MiM graduates enjoy successful careers across a wide array of industries/job functions, such as:

  • Product & Services
  • Consulting
  • Marketing/Sales
  • Finance/Accounting
  • Technology
  • Manufacturing
  • Healthcare/Pharma
  • Non-profit/Government
  • Energy/Utilities

Consulting and Finance are the two main industries that employ MiM degree holders.

Typical Job Roles and Average Salaries after MiM

  • Management Consultant – $84,963
  • Project Manager – $58,570
  • Social Media Manager – $49,015
  • Business Development Manager – $70,995
  • Entrepreneur – Depends on initiative/efforts

Masters in Finance (MFin/MiF)

  • Did class activities like Mock Stock Exchange provide you a sense of thrill and excitement, as an undergraduate?
  • Were you good with numbers, market and risk analysis?

If “Yes” then a Master’s in Finance (MiF) is the most sought-after option in the international banking and finance sectors.

Ideally, applicants need to have an undergraduate degree in Finance, Commerce, or any Quantitative subject. Additionally, top universities also ask for a minimum of two years of finance-related work experience. This could be in a bank or financial institution, but could also be in financial accounting or finance-related legal work, or in the financial arm of a non-financial company. Ideally, at least one year of this should be in a front office finance role or equivalent.

With a Masters in Finance degree, you can bag opportunities in the following sectors:

  • Investment Banking
  • Consulting
  • Sales and Trading
  • Venture Capital
  • Private Equity
  • Financial Technology

Typical Job Roles and Average Salaries after MFin/MiF

  • Corporate Investment Banker – $96,476
  • Financial Analyst – $59,026
  • Financial Advisor – $58,590
  • Stockbroker – $51,395
  • Actuary – $55,450

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Master’s in International Business (MIB)

The MiB program trains students in international management, key markets, strategy & operations, international marketing, and economics.

Students in the MIB program are taught to deal with the business in the context of the global economy. Corporates often recruit MIB graduates when they need people specialized in international marketing, global economy, strategic decisions, financial management, operations, and even international hiring.

Ideally, MIB programs at top universities generally require applicants to have prior knowledge of business-related courses (Accounting, Finance, Management, or Humanities fields dealing with political or social aspects – Psychology, Sociology, Political Science, etc.). However, there are a few MIB programs that accept applicants from any background.

Typical Job Roles and Average Salaries after MIB:

  • Management Consultant/Analyst – $65,900
  • Sales Manager – $68,900
  • International Trader – $78,900
  • Financial Controller – $82,200
  • Business Development Manager – $71,900
  • Marketing Executive – $59,000
  • Supply Chain Manager – $81,600

Masters in Business Analytics (MBAn / MSBA)

Due to growing digitization, corporates are required to heavily depend on data to maximize economic impact which consequently increases the demand for professionals from an MS in Business Analytics background.

Multiple industries encompassing Fortune 100 companies, FMCG firms, non-profit/government organizations, financial sectors, healthcare, media seek graduates in Business Analytics in job roles such as Data Scientist, Quantitative Analyst /Business Modeller, Business Analyst (Data Analyst), Business Analyst (Manager/Consultant), Risk Analyst.

Related Articles:

Jobs and Salaries after Masters (MS) in Business Analytics

MS Business Analytics vs MBA with Analytics Concentration

MBA vs MS Business Analytics vs MS Data Science

Master’s in Economics

A master’s in economics is a versatile field and a perfect option for those interested in working with numbers, variables, and large data sets. Possible career paths post a Master’s in Economics include:

  • Actuaries – $108,350
  • Budget Analysts – $76,540
  • Financial Analysts – $81,590
  • Market Research Analysts – $63,790
  • Operations Research Analysts – $84,810

Masters in Marketing

Companies in sectors like B2C, Construction, Engineering and Electrical, Professional Services, Healthcare, Not-for-Profit, Public, Sports and Entertainment sectors, etc. have a dedicated in-house marketing team.

Typical Career Paths and Average Salaries

  • Marketing Manager – $134,290
  • Advertising and Promotions Manager – $106,130
  • Sales Manager – $124,220
  • Public Relations Manager – $114,800

Master of Business Administration (MBA)

Do leading teams and maintaining harmony among your team members during group projects come naturally to you? Were you the one asked to represent your team in presentations/competitions? Then, an MBA degree is your ultimate calling.

With an MBA, you can polish your leadership qualities, ability to manage strategy and innovation, strategic and system skills, the ability to manage the decision-making process and develop inclusive and sustainable growing methods and bring innovative solutions to issues.

The popular specialization choices are:

  • Marketing
  • Human Resources
  • Finance
  • Information Systems
  • Consulting
  • Entrepreneurship
  • Operations Management
  • Analytics / Big Data

Career Prospects: As per the US Bureau of Labour Statistics, management occupations are expected to grow 7% from 2018 to 2028, faster than the average for all occupations, which will result in about 706,900 new jobs.

Related Articles: 

MBA is still Effective for Increased Earnings

When an MBA is Not Worth it and Best MBA Alternatives

List of Top Universities in USA and Canada that Accept 3-year BCom Degrees from India for Masters / MBA Programs

US Universities

  • Harvard University
  • MIT
  • Carnegie Mellon University
  • Columbia University
  • Princeton University
  • Yale University
  • University of Pennsylvania
  • University of Chicago
  • University of Minnesota
  • New York University
  • Johns Hopkins University
  • Northwestern University
  • Dartmouth College
  • University of Virginia
  • University of Michigan
  • UCLA
  • SMU
  • Emory University
  • Boston University
  • University of North Carolina
  • University of Rochester

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Canadian Universities

  • University of British Columbia
  • York University
  • McGill University
  • University of Manitoba
  • Ryerson University

Note: The majority of the above universities (typically the business schools and not necessarily other departments like Engineering or Sciences) evaluate applications on a case-to-case basis. 

The decision to accept a 3-year degree could change anytime. Please check the University Admissions page or write to them.

Best Career Counselors In India onlineAuthor Bio: 

Daisan brings on the table, more than 10 years’ experience in the overseas education domain. He has a proven track record of guiding and mentoring students from the beginning of the college application process, to graduation and beyond.

He has mentored and guided 800+ students to their dream universities abroad. He possesses expertise for multiple destinations such as Canada, USA, UK, Germany, Sweden, Ireland, Australia, New Zealand, etc., for different levels of programs (PhD, Master’s, PG Diploma and Bachelor’s).

Want to know more about such programs? Please book a session with one of our experts!

Featured Image Source: Digital Vidya

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