There are a good number of job roles available for B.Com students. The demand for B.Com students has increased in the last decade. The present article tries to explain some of the important job roles available for the B.Com students, let’s discuss them in detail.
Business Advisor
The business advisors are responsible to support businesses and the ability to use their own experiences across specialisms than a specific degree subject.
Role of a Business Advisor
As a business advisor one is responsible to provide information support, coaching, advice and guidance to business people. They are responsible to provide specialist services depending on their expertise.
Responsibilities of a Business Advisor
As a business advisor one is responsible to:
- Possess an in-depth knowledge of the business support landscape and the ability to advise businesses on the range of options
- Undertake diagnostic needs assessments with businesses, including analysing the needs of the business and working with the client to put a business action plan
- Develop a professional network of associates who can provide a broad range of business and enterprise support services to the clients
- Build positive relationships with clients, partners, associates and networks
- Have excellent mentoring and coaching skills
- Attend meetings with networks and associates to ensure you to keep up to date with global, national, regional and local business support initiative to ensure the clients benefit
- Undertake research on behalf of a business
- Communicate with client’s networks and associates
- Provide start-up businesses with advice and guidance to assist them successfully set up and commence trading
- Provide tutoring on suitable business plans and cash flow plans
- Organise and deliver business networking events and business education, seminars and workshops
Salary and Emoluments
The fresh B.Com students will be earning around 2 lakhs to 4 lakhs per annum. The experienced professionals will be earning around 4 lakhs to 6 lakhs per annum.
Stockbroker
The stockbrokers are responsible to handle a fast-paced and challenging financial environment, using excellent communication, negotiation and analytical skills working as a stockbroker.
Role of a Stockbroker
As the stockbrokers one is responsible to buy and sell stocks and other securities for retail and institutional clients, through a stock exchange or over the counter in return for a fee or a commission.
Responsibilities of a Stockbroker
As a stockbroker one is needed to:
- Keep up to date with the latest financial and tax legislation
- Stay informed of the latest financial news to understand the movements in the market and the drivers of change
- Carry out specific market research and analysis
- Write reports and newsletters summarising the market research that is done
- Proactively look for clients. Sell the services and manage the client relationships
- Regularly update the clients at conference and networking events
- Ensure and understand the client’s needs, enabling them to make appropriate suggestions for their investments
- Be honest in providing information, including risks of the stock markets
Salary and Emoluments
The fresh B.Com students will be earning around 4 lakhs to 6 lakhs per annum. The experienced professionals will be earning around 6 lakhs to 8 lakhs per annum.
Mortgage Advisor
As a mortgage advisor one is required to use in-depth knowledge of the market to find clients mortgage products suitable for their needs. The mortgage advisors are responsible to advise them on the different pros and cons of each product and also help them determine how much they should borrow
Role of a Mortgage Advisor
As a mortgage advisor one is responsible to advise on mortgage prices in the markets for the specific product. They are responsible to connect the best deals for both sellers and buyers.
Responsibilities of a Mortgage Advisor
As a mortgage advisor one is responsible to:
- Meet the clients in person either in personal or over phone
- Explain the type or mortgage you handle
- Find out the client’s financial situation, including what their monthly expenditure is
- Explain the types of mortgage and offer products for the clients to choose from
- Assess which type of mortgage is most suitable for each client
- Make sure your customers can afford what they are borrowing, not only now but in the future, in the event that interest rates go up or their circumstances change
- Explain about repayments and mortgage protection
- Advise on and sell related financial products such as holdings or life insurance
- Help clients complete the mortgage formalities
- Offer some general advice on the home-buying processes
- Deal with mortgage lenders, estate agents and valuers
- Keep up to date with new mortgage products and changes in mortgage regulations
- Respect the client’s right to confidentiality
- Follow strict industry rules and guidelines and ensure to give impartial and appropriate financial advice
- Fully cooperate with any enquiry or investigation from the financial ombudsman if things go wrong and the client uses their right to protection
Salary and Emoluments
The fresh B.Com students will be earning around 2 lakhs to 4 lakhs per annum. The experienced professionals will be earning around 4 lakhs to 6 lakhs per annum.
Retail Banker
The Retail bankers are responsible to help individuals to manage their money and provide advice and financial services and products
Role of Retail Banker
As a retail banker, you will be involved in various areas such as assisting in the movement of money via payment mechanisms, authorising loans and overdraft facilities, setting up saving accounts and bonds.
Responsibilities of a Retail Banker
As a retail banker, one is needed to:
- Managing, recruiting and coaching teams of people
- Dealing with customer complaints that can't be solved by front-line staff
- Implementing new products, services and processes devised by head office
- Dealing with more complicated customer queries and requests, which may include reviewing their financial circumstances
- Representing the bank within the wider community and building relevant contacts
- Opening and closing the branch daily and ensuring that the premises are fit for business
- Meeting sales targets and managing budgets
- Writing reports and keeping financial and statistical records.
- Dealing with customer queries face to face, over the telephone or in writing
- Serving customers at the counter
- Processing payments and withdrawals
- Understanding customer needs, recommending suitable products and making sales
- Processing paperwork from sales, including change of customer details and closure of accounts
- Learning about new products, services and processes.
Salary and Emoluments
The fresh B.Com students will be earning nearly around 3 lakhs to 5 lakhs per annum. The experienced professionals will be earning around 5 lakhs to 7 lakhs per annum.
Final Sentences
The present article tries to explain some of the roles and responsibilities of certain job roles available after B.Com. The B.Com students are skilled professionals and are decently paid in many organisations. The B.Com students can also expect excellent career growth in the field. The students with an interest towards commerce can join the B.Com course.