- Chartered Accountancy (CA):
- Masters of Business Administration (MBA in Finance):
- Master of Commerce (M.Com):
- Chartered Financial Analyst (CFA):
- Company Secretary (CS):
- Business Accounting and Taxation (BAT):
- Certified Management Accountant (CMA):
- Financial Modelling:
- Association of Chartered Certified Accountants (ACCA):
- Government Jobs:
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Nowadays, most students are confused about their career paths. BCom is the most sought after degree after in the commerce field. It is a 3 years degree that enables students to enhance their management skills in the field of commerce and finance. Over 4 million students are pursuing BCom courses in India. The course covers various topics such as corporate tax, economics, and financial law.
However, it can be difficult to find high-paying jobs after BCom. Students need to invest their time and focus on courses that offer the best training. For those who wonder about their future after completing this course, we’ve listed a number of career paths that students can pursue.
Chartered Accountancy (CA):
Chartered Accountancy is synonymous with a career in commerce. Students can opt for CA immediately after completing their 12th. CA consists of three stages, namely CPT, IPCC, and CA Finals. After clearing these stages, students need to have an internship 2.5 years, making them a certified Chartered Accountant. Students prefer to opt for CA after BCom mainly to expand their academic knowledge.
Companies like HDFC, PWC, KPMG, Deloitte, EY, Tata, Accenture offer employment with lucrative benefits. The average salary of CA is Rs. 8 LPA to Rs. 22 LPA.
Masters of Business Administration (MBA in Finance):
An MBA is often considered an option after BCom for those who are unclear about what their career. It’s important to note that the value of the course depends on the institution and its status. IIM is the premier institute for an MBA in India. The eligibility for an MBA differs, but students must graduate with a decent score in examinations like CAT/XAT/MAT/SNAP. Some universities also require students to have 2-3 years of work experience.
The top employers of MBA students are Amazon, JP Morgan, Microsoft, Accenture, Bank of America, and many other companies. The average salary is Rs. 5 lakhs per annum to Rs. 25 lakhs depending upon the institute.
Master of Commerce (M.Com):
A Masters in Commerce is a two-year course that can be pursued in any government college, a private institution or a university abroad. Post-graduation, you can specialize in a number of fields such as taxation, economics, banking & finance, finance & control, accounting, and business management. Companies like TCS, Infosys BOP, Genpact, EY offer employment to students as Market Researcher/ Economists/Lecturer/ Analyst. The average salary is Rs. 3 LPA to Rs. 6 LPA ( but it depends upon the specialization and job profile)Whether you’re thinking of going back to school or you want to take business-related courses, there are lots of different ways to further your knowledge in a particular industry. There are various different methods to suit each and every person out there.Click To Tweet
Chartered Financial Analyst (CFA):
A CFA is the highest standard of financial analysis offered by the CFA Institute. The duration of the program is 2.5 years and aims at testing the competence of financial analysts and statisticians. The CFA course includes a number of subjects such as:
- Probability Theory
- Corporate Finance
- Fixed Income
- Alternative Investments
- Security Analysis
- And Portfolio Management
Thus, students are offered a broad scope of opportunities. Top recruiters for CFA are JP Morgan, Goldman Sachs, UBS, BlackRock, Morgan Stanley, and Royal Bank of Canada. The average salary is Rs. 6.5 lakhs to 18 lakhs.
Company Secretary (CS):
Often neglected, one of the most imperative roles in an organization is of Company Secretary. They are the custodian of numerous roles within the organization. After BCom many students pursue this course. Their role is to manage the legal affairs, maintain tax records, take care of the company’s tax returns, and facilitate valuable advice to the board of directors. Students who want to follow this path are required to study corporate law (three-year course). This includes three main stages, namely, Foundation, Intermediate, and Finals. The average salary is Rs. 4 LPA to Rs. 10 LPA, and prominent employers are PWC, KPMG, Deloitte, EY, TCS.
Business Accounting and Taxation (BAT):
One of the upcoming career paths is taking up Business Accounting and Taxation (BAT) after completing BCom. The main objective of the degree is to provide a practical understanding of concepts like taxation, accounting, and other skills that are necessary for accounting firms. The duration of the program is 8 weeks to 12 weeks.
The firms that employ are Big 4s, Adobe, Datamatics, and others. The average salary of the individuals is around Rs. 4 LPA to Rs. 11 LPA.
Certified Management Accountant (CMA):
Are you dreaming about working for the top MNCs? If yes, then this is your ideal degree. CMA requires students to be graduated and have some work experience (2 years). It inculcates expertise in areas of decision support, control, professional planning and financial planning, analysis. The programs are usually 6 months long. The leading employing firms are Cognizant, Deloitte, Genpact, KPMG International, DHL, and the average salary is Rs. 8LPA to Rs. 14 LPA.
The essential requirement of the financial industry is Financial Modelling. This is the skill of constructing a model for portraying financial statements and presenting business strategies through investment analysis.
The students need to have graduation to become eligible for this degree. The duration of the course varies depending upon the institute (roughly around 6 weeks to 18 weeks). Several companies like Deloitte, Accenture, Oracle, Gartner, Invesco employ people. The average salary is Rs. 5 lakhs to 12 lakhs.
Association of Chartered Certified Accountants (ACCA):
ACCA is a fast-growing organization spread across 173 countries and 428,000 students. MNCs have a very high demand for graduates in this field and pay a handsome salary to them. The average salary is Rs. 5 to 16 lakhs. Students are required to clear 14 papers in this two-year program. The organization strives to develop thriving careers in accounting, banking, management, and consulting.
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Students who look for job security and stability, government jobs are the answer. After completing BCom, students can divert their focus and appear in competitive examinations like UPSC, IBPS, etc. companies like SBI, NABARD, PNB, CBI also
BCom thus offers a wide spectrum of options for students to pursue. So, one must not stop at graduation itself and must work harder and pursue any of these sectors to be a better professional in the future.
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