B.Com is also among the best courses that many learners who wish to venture into the business, accounting and finance courses undertake. However, the question that follows once you have finished your B.Com can be quite daunting. Since there are so many jobs out there, knowing what ones are the best to go for can make a huge difference. This blog will help you make the right decision on what career path to take after pursuing a B.Com degree.
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Why B.Com Graduates Have Multiple Career Opportunities
B.Com degree prepares the students in specialized fields of accounting, economics, taxation and finance. These give rise to a number of clear employment prospects in banking and finance, business and within the public services sector. If you are more interested in doing professional course, higher study, or government service, B.Com graduates have a wide scope of opportunities.
Best Professional Courses after B.Com
CA Course Chartered Accountancy is among the most competitive and favorite courses for B.Com students. Accounting, auditing, tax, and business consultancy. The course is divided into three tiers namely, CA Foundation, CA Intermediate and CA Final and the course duration is approximately 4-5 years. Once you complete the CA course, you can get a job in the best auditing companies, large companies, or even open your own practice.
CS is relevant to any Company Secretary Students who want to have a career in corporate governance compliance as well as the legal department. This course is offered by the Institute of Company Secretaries of India (ICSI) and this is a set up program with three tiers, namely the Foundation, the Executive, and the Professional levels. A CS professional is responsible for the maintenance of the legal requirements of the company and in most cases reports to the board of directors.
Certified Financial Planner (CFP) Wealth management personal business if you have passion in this area, being a CFP will be very rewarding. The CFP certification is an international one and assists individuals to give advice on investment, tax, retirement, and estate planning.
Chartered Financial Analyst (CFA) CFA is an international level course which deals with investment, analysis of financial data and portfolio management. CFA program is offered by CFA Institute and it is a three level certification program. But it is most beneficial to students aspiring to work in investment banks, hedge funds or multinational financial institutions.
The choices that are available for students to build up their career after completing B.Com
A Master of Commerce (M.Com) The M.Com prepares a candidate for fields of accounting, finance, or economics. It is good for those who have aimed at working as academics or educators in colleges or conducting research.
Master of Business Administration (MBA) MBA is one of the most sought after courses after B.Com. It offers majors in finance, marketing, human resource management, operations management, and indeed, the likes. MBA holder can get managerial jobs in organizations or even start their own businesses. Most B-schools also provide global exposure and opportunity to intern with some of the biggest companies.
Law (LLB) A B.Com combined with a law degree provides the opportunity to work in corporate fields of law, taxation and business law. As a rule, one can work as a legal consultant or a lawyer, or become a member of the bench.
B.Com Pass Government Vacancies
Civil Services For those who want to serve the nation, the best way they could ever wish for is to prepare for the UPSC exams. A few of many career opportunities are a student can get into premier IAS, IPS or IRS after completing B.com and take up leadership positions in government organizations.
Banking Sector SBI, IBPS, RBI etc conduct the entrance examination for the Probationary Officer and the Clerks. A B.Com degree makes it easier for you to secure a government job especially in the banking sectors since you have an added advantage.
Some of the installs of Government Financial Institutions Organization Are Income Tax Department, Indian Audit and Accounts Department, Central Excise Department, etc which are some of the best places for employment for B.Com graduates. Some of these include the audit, tax and revenue collection and financial reporting.
Career in Finance and Banking
Should you want to be employed in the private sector, there are many job openings in the areas of finance and banking. Some of the career opportunities include financial analyst, investment banker, credit analyst or risk manager. There’s lot of jobs in private banks and in internationally growing banks including very good pay as well as a chance to get to know the world. Many times financed institutions, consultancy firms and multinationals are on constant look for candidates who have done B.Com with analytical and financial knowledge.
Digital Marketing and E-commerce as a Career
With the advancement of digital economy, the said area can also be tapped by B.Com graduates and enlist themselves in digital marketing. The positions are digital marketing specialist, e-commerce manager, content strategist, and social media manager. The B.Com graduates are also employed in e-commerce firms for business development, sales, and operation departments.
Entrepreneurship
For B.Com graduates who are interested in venturing into business, self employment is a noble way of engaging in business. The knowledge acquired in commerce related papers such as accounting, business law and finance is rather handy to deal all the money affairs of the business, pay taxes and make sound business decisions.
Freelancing and Consulting
Another form of flexible and attractive employment is freelancing work which seems to be gaining popularity. If you are a B.Com graduate you can offer services like taxation, financial consultancy, accountancy for a business firm/company or any individual. Today many people are embracing freelancing because of the flexibility it comes with and the high wages that are paid to freelancers.
Conclusion
Surprisingly, the opportunities that are related to B.Com degree are numerous and one can either proceed with the higher education or take up professional courses or start their careers immediately. Therefore, the issue is in determining what you are interested in, learning how to get those skills, and keeping up with developments in the field. If employed correctly and are prepared to work very hard of then you can be sure to find a good job in the right field.
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