Job-Oriented Courses after Graduation in Commerce
A mere graduation degree in Commerce is not enough. You need to further specialise and complete your post-graduation or opt for professional courses to get a decent job. There are lucrative professions in various industries such as banking and finance, stock markets, insurance, capital markets, financial planning, equity research, accounting, etc.. However, the problem is in choosing the best job-oriented course when so many courses are available in Commerce stream.
Here, we give below the list of the best job-oriented courses after earning a Bachelors Degree in Commerce:
The regular post-graduate courses
Masters in Commerce (M.Com): M. Ccom or Masters in Commerce is the most common choice for most students after completing B.Com. This is a 2-year course and students opt for specialisation in subjects like Accounting, Finance, Business Studies, Statistics, Taxation, Economics, Marketing, Management etc. M.Com should be best pursued from colleges and universities approved by AICTE and recognized by Government.
Job prospect: M. Com students can join nationalised banks as Probationary Officer or Customer Relationship Executive; public/private sector undertakings as Company Law Assistant, Relationship Manager, Junior Accountant, Sales Officer (Accounts); insurance companies as Credit Officer, Financial Analyst or Loan Officer.
Masters in Business Administration (MBA): Pursuing an MBA course is a popular job-oriented course after B. Com. It is a 2-year program and any graduate from a recognised university is eligible for this course. However, he has to clear his entrance examination, group discussion and interview to get admission into an MBA institute. A B. Com graduate should opt for specialisation in Marketing Management, Financial Management, Human Resource Management, Banking & Insurance Management, Systems Management for better job prospects.
Masters in Management : The course offers an alternate to students who are not looking into getting an MBA degree but are still looking learn the nuances of management. Master in Management is generally a 2-year course, the course is designed to cater the specific areas of business such as accounting or marketing. The course is available in several prestigious colleges across the country.
The ever-popular courses after B.Com
CA/CS/ICWA: Chartered Accountancy (CA), Company Secretary (CS), Cost and Work Accountancy (CWA) have always remained the popular courses for commerce students looking for lucrative jobs. Each course is offered by three separate entities: A chartered accountant (CA) passes out from The Institute of Chartered Accountants of India (ICAI), a cost and works accountant (CWA) from The Institute of Cost and Works Accountants of India (ICWAI) and a Company Secretary from The Institute of Company Secretaries of India (ICSI).
Eligibility conditions: In order to be a member of ICAI, a student has to be a B. Com graduate with overall 55% marks and should complete three years of training. He or she should undertake a 2-week general management and communication skills course. CWA is a multiple-entry course and it may take a minimum of three years to complete the course provided the student passes the exam in one sitting at each stage. The CS Course has three sections -Foundation, Executive and Professional. For foundation course, the eligibility criteria is 10+2, for Executive, a graduation degree is a must. After passing the Executive Programme examination, a candidate can apply for the Professional Programme.
Job prospects: One can kick start their career immediately in financial institutions, government departments, public sector and private banks, international organisations, insurance companies, multinational companies, investment companies and so on after completion of these courses. However, the job prospect of a chartered accountant is always more compared to the other two courses.
Top Emerging Courses
- Certified Bank Manager Programme: A 2-year course covering the areas of banking and financial services, money, banking laws and regulations, treasury, credit, risk management and banking strategy. The course is offered by the Institute of Bank Management and Research (IBMR), Hyderabad.
- Diploma in Banking & Services (DBFS): This is a post graduate 2-year diploma course offered by the Institute Of Finance, Banking & Insurance (IFBI), Mumbai. A graduate student in any discipline with minimum 50% marks is eligible for this course, along with a personal interview.
- Certified Financial Planners: Certified course (6 months to 1 Year) is offered by various institutes: Financial Planning Academy (FPA), Mumbai , BLB Institute of Financial Markets (BIFM), Delhi/NCR, and Indian Institute of Financial Planning (IIFP), Mumbai. Graduates in any discipline are eligible for this course, along with undergraduates and working professional. A CFP certification with specialisation in financial planning, Insurance and Risk Management, Investment planning, Tax Planning offers great job opportunities for students.
- Certificate Course in Project Finance: The certificate course in Project Finance is conducted by two institutes in India: Indian Institute of Banking & Finance (IIBF) and Institute for Financial Management and Research (IFMR). It provides advanced skills and practical knowledge in the field of project appraisal, lending, financing, etc.
- CRISIL Certified Analyst Programme (CCAP): This is a two-year programme, combining coursework, job assignments and interactive seminars, is undertaken by CRISIL, the country’s leading Research, Ratings, Risk and Policy Advisory company. Graduates with at least 50% marks and qualifying CAT, XAT or CRISIL Aptitude Test are eligible for the course. This course helps students to acquire exceptional financial and business skills.
International Courses for Commerce Graduates
Pursuing International courses after B. Com is necessary if you are interested in going global or working in the Top MNCs
- Certified Management Accountant (CMA): A student needs to clear two examinations to become a CMA. This course is offered by the Institute of Management Accountants (IMA), USA. The course covers various aspects such as financial planning, analysis, control, decision support and professional ethics which offer great job prospects abroad.
- Certified Public Accounting (CPA): This course is considered to be the highest standard of competence in Accountancy all over the globe and is equivalent to the Indian CA qualification. The American Institute of Certified Public Accountants (AICPA), the largest accounting body of the world, conducts the course and the exam, the completion of which gives knowledge of US International Financial Reporting Standards (IFRS), Generally Accepted Accounting Principles (GAAP), US federal taxation and business laws etc.
- Association of Chartered Certified Accountants (ACCA): Becoming a chartered certified accountant with the ACCA qualification opens doors for successful careers in the fields of banking, management, accounting, and consulting. Though it is similar to CA, the knowledge on IFRS and laws and UK GAAP makes it superior to CA. You need to clear 14 papers in the ACCA program.
Please Note: This article has been written by Rumani Saikia Phukan on May 8, 2016 . The information contained in this article has been recently updated.
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