The Complete Guide to Courses After B.Com And Career Paths You Can Choose
Introduction: Why should I get Courses After B.Com?
The B.Com degree is a popular course in India and abroad. In India, it is a three-year course which offers a number of specializations in the field of commerce and economics. A number of courses are offered after B.COM to help students get job opportunities in various fields like banking, finance, accountancy, etc.
After completing their B.com degree students can pursue various courses that will help them get jobs in different fields after completion of their graduation. Here are some courses available for post-graduation after BCOM:
MBA
It is one of the most preferred degrees for graduates who want to pursue higher studies in management or business administration field. This course requires two years for completion and helps graduates get jobs as managers or executives with multinational companies or organizations. MBA – To apply for an MBA you need to take one of the entrance exams. Depending on the seats available, the exam may be compulsory or optional. You can take CAT , XAT, SNAP, ATMA, ICET or MAH-CET (depending on your preference) to get admission.
Master of Commerce or MCom
A Master Commerce course is a two-year postgraduate degree in commerce. It can be taken through any government institution and is recognized across the country.
You need a degree in commerce (BCom or BCom Hons.) with 50% marks in your undergraduate degree to be admitted to MCom.
The two degrees complement each other and help you fully understand the concepts learned in your bachelor’s program and step into the working world.
Company Secretary (CS)
If you are wondering what to do after BCOM course, Company Secretary is one of the many pivotal job roles in a firm/organization. A CS is responsible for managing all the legal aspects of an organization.
CS is available to be pursued as a post-graduation degree. You can apply for professional programs after gaining relevant experience with satisfactory scores in the Executive Level Exams. One example of this would be becoming a Company Secretary, which requires learning corporate law and taking 3 years (3 semesters) to complete the program.
The Company Secretary is a post responsible for the legal and administrative matters of the company. They have to take care of all the compliance requirements, administration, and regulatory compliance. Company secretaries are also responsible for designing policies that are tailored to the company’s needs.
Chartered Accountant (CA)
One of the first courses that come to mind for students with a background in commerce is CA. Students can enroll in CA after graduating from high school, which makes it an option for those without a college background. The course has three stages: CPT, IPCC, and final exams.
- A person who fulfils the 10 +2 criteria and qualifies for Common Proficiency Test (CPT) is eligible to join CA Foundation Course.
- Clearing all three stages and 2.5 years of internship and becomes a certified chartered accountant.
- If you study this course, you could end up with a job at companies like EY or Deloitte.
- Internally, you would be able to work in their professional services teams and your degree would allow you to open up your own CA firm.
Chartered Financial Analyst (CFA)
The Chartered Financial Analyst (CFA) program is a global qualification designed to measure the competency of those who manage money and other financial assets. The CFA designation has been granted by the CFA Institute since 1962.
The CFA Course is about 2.5 years long and is meant to measure the competence & integrity of financial analysts. Candidates with at least a bachelor’s degree in any discipline are eligible for the course, but they’ll need 4 years work experience.
The CFA course covers a range of topics, including statistics and economics. It will also teach students about various types of investments, learn about securities analysis, understand fixed-income securities along with the purchase and sale of derivatives.
Business Accounting and Taxation (BAT)
BAT is the process of managing the economic transactions of a business. It is an important part of any business and it can be difficult to manage.
Accountants are specialized professionals who help with the management and reporting of financial data for businesses. They analyze, record, and advise on the financial status of a company. They are usually certified accountants who have completed professional exams in accounting and taxation.
The role of accountants has evolved over time as technology has developed new ways to track income and expenditures more efficiently than ever before.
Studying BAT with the right qualifications is a good career option for graduates of BCom. It’s an intensive course, but it’ll only take 8-12 weeks to complete if you are straight-away after graduating from your degree. You will not only learn through hands-on practice but also learn the key concepts and programs of accounting industry.
Association of Chartered Certified Accountants (ACCA)
The Association of Chartered Certified Accountants (ACCA) is a global organisation for accountants and business advisers. It is the world’s leading professional body for accountants and was founded in 1904.
ACCA offers qualifications in accountancy, finance, management and law. They also provide courses in other subjects such as marketing, human resources and information technology. ACCA has more than 500,000 members in 139 countries. It is recognised by the European Union as an EEA Professional Body (EEAPB).
Graduating students in Commerce or business related streams like BCom, BBA, & BMS can take the ACCA course and study it alongside their graduation. There are 14 exams you need to be clear on and the program lasts for 4 years. Companies typically offer graduates of this course a salary ranging from 5 to 16 lakhs per annum.
Certified Management Accountant (CMA)
The CMA is the highest qualification in the area of accountancy. The CMA qualification is recognised all over the world.
Consider the CMA if you are looking for an international career after your bachelor’s degree. To complete this course, a student isn’t only required to take two levels of examination, but also needs to have at least 2 years of work experience.
The Certified Management Accountant (CMA) is another global certification that the Institute of Management Accountants in the USA offers. After the CMA, you will be qualified to work at companies like Deloitte, Genpact, Cognizant and earn around 8-14 LPA
What are the Best Fields of Work that would suit me if I have a B.Com Degree?
A B.Com degree is a common choice for students who are interested in pursuing a career in the business world. It prepares them for many different fields of work, including finance, marketing, management, and accounting. The job market is constantly changing and there are a number of different jobs that B.Com holders can apply to. This article will provide an introduction to the top jobs for B.Com holders in the current job market.
Here are some of the best fields of work that suit people with a B.Com degree:
Bank PO
A Bank PO is primarily in charge of supervising, deciding, calculating transactions and more. They verify the work done in banks.
Accountant
An accountant is a skilled professional who handles the financial records of companies, governments, or other organizations by reviewing account information. They often prepare asset, liability and capital account entries.
Tax Consultant
A tax consultant is a professional that gives their clients advice on filing taxes, as well as preparing and returning them. They can help you to save money, which is especially important if the company was to follow the rules from the government agencies.
Account Executive
An Account Executive ensures a smooth customer experience by actively and consistently supporting all efforts put in to make things easier. They may also perform a needs analysis with new and prospective customers, developing solutions that work for them.
