Salary of Jobs after Completing B.Com in Travel and Insurance
Salary of Jobs after Completing B.Com in Travel and Insurance Of the main academic streams of arts, science and commerce, the segment of commerce offers the maximum career opportunities. A commerce graduate can find a job in the sectors including but not limited to accounting, finance, taxation, audit, investment banking, mutual funds, equity research, retail, insurance, actuary, and hospitality. Median salaries for most job positions at entry-level in reputed organizations is in the region of 2.5-4.5 lakhs INR per year.
However, the market for jobs is not only very competitive these days but extremely niche-driven as well. Business organizations and commercial establishments, big or small, prefer to employ jobseekers who’ve the relevant skills for performing the job responsibilities effectively. Your chances of landing a job will go up if you go in for specialization in a professional segment of your preference. The sectors of tourism and insurance are two of the most happening sectors in India at present with many new companies entering these commercial segments giving rise to near unlimited job opportunities.
Job Opportunities in the Travel and Tourism Sector
The travel and tourism industry provides numerous job opportunities both in the public and private sectors. One can find a job as a:-
- Ticketing Assistant
- Ticketing Agent
- Tour Guide
- Marketing Executive
- Trainee Travel Consultant
- Marketing Executive
- Travel Agent
One can expect an average starting salary of 10,000-15,000 INR for most of the above positions. The initial salary range is higher if one has a management degree. Many multinational and transnational companies offer entry-level salaries of 15,000-20,000 INR per month that go up periodically as one garners working experience.
Job Opportunities in the Insurance Sector
The chances of landing a job in the insurance sector after you earn a B.Com degree are also high as almost every product or asset or aspect of life needs to be insured these days. You can find employment as an insurance agent in any of the various public or private sector establishments. Commerce graduates just out of college are offered initial salaries of 5,000-8,000 INR for entry-level positions.
|Years of Experience||Average Salary in Lakhs INR|
|0-1 year||2,90,000 INR|
|1-4 years||3,00,165 INR|
|5-9 years||6,00,000 INR|
|10-19 years||10,06,551 INR|
|20 years and more||17,50,000 INR|
Salaries for Various Job Positions in the Travel and Insurance Industries
A fresh B.com graduate with a specialization in either ‘travel and tourism’ or ‘insurance’ can apply to various job positions in the tourism and insurance sectors. Pay-scales will vary significantly depending upon the size of the company, type of employer (private or public), city where you’re work, highest level of academic qualification, relevant professional skills, and so on. The standing of the organization also makes a big difference. For instance as a travel consultant in a large entity, you can expect to earn an initial salary of 14,000-16,000 INR per month. As you gather experience, you’re promoted to a higher hierarchical level and your remuneration also increases correspondingly. For instance, as a marketing manager you can get a salary of 25,000-30,000 INR per month. An area sales manager receives in the region of 35,000-40,000 INR per month. You can expect a monthly salary of about 2, 00,000 INR after you’ve gained at least 20 years of professional experience.
In the insurance sector, once you become a branch manager, you can expect a salary of 50,000-55,000 INR each month. A business development manager makes around 40,000-45,000 INR per month. A project manager who’s responsible for overseeing the activities of a particular department earns about 85,000-90,000 INR every month. After amassing 20 years of working experience, you can look forward to a remuneration of nearly 1,50,000 INR every month.
|Designation||Average Salary in Lakhs INR|
|Branch Manager (Insurance)||6,29,000 INR|
|Operations Manager||5,38,000 INR|
|Business Development Manager||4,70,000 INR|
|Project Manager (IT)||10,98,000 INR|
|Branch Sales Manager||3,82,500 INR|
|Travel Consultant||2,00,000 INR|
|Area Sales Manager||3,70,000 INR|
|City (State)||Average Salary (in Lakhs INR)|
|Mumbai (Maharashtra)||6,30,400 INR|
|Gurgaon (Haryana)||10,70,000 INR|
|Bangalore (Karnataka)||4,64,500 INR|
|Pune (Maharashtra)||6,28,600 INR|
|Hyderabad (Andhra Pradesh)||3,85,400 INR|