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  • B.Com. Scope

    • July 14, 2020
    • Posted By : Priyambika
    • Comments Off on B.Com. Scope

    Most of the B.Com students will be in doubt by the end of the final year. what after B.Com? B.Com is one of the most popular courses in the commerce stream. However, in today’s scenario, only a B.Com degree isn’t enough. 

    What is B.Com?

    Bachelor of Commerce (B.Com) is a three-year undergraduate degree course. It is one of the most famous bachelor level courses and is offered by many universities/colleges in our country. This course equips students with an in-depth commerce knowledge in whichever specialization they choose. Students acquire various skills and techniques about many concepts like import laws, accounting principles, economic policies, export laws, and so on.

    B.Com has a wide variety of specializations such as banking, foreign trade management, management studies, e-commerce, taxations, accountancy, computer applications, economics, and so on.

    Career options after B.Com

    1. Chartered Accountancy (CA)

    CA is the first course that comes to the mind of students who completed B.Com. CA is a standout amongst other profession choices after B.Com. In contrast to an MBA, understudies can enlist for CA just in the wake of finishing secondary school. CA involves three phases, in particular CPT, IPCC, and CA Finals. Clearing each of the three phases alongside a temporary position of 2.5 years makes you an ensured contracted bookkeeper.

    Course duration – 3 years

    Eligibility – Graduation in any field + Work experience

    Average salary – 8 to 20 lakhs per annum.

    Top recruiters – Deloitte, Tata, HDFC, Accenture, EY

    2. Master of Business Administration (MBA)

    MBA is the most famous course accessible for understudies and probably the best course after B.Com, moving on from trade as well as some other fields. In this course, you figure out how to deal with all the parts of a business dependent on the specialization you pick. 

    For an MBA, you need to clear the CAT or Common Admission Test. Your CAT score figures out which school you get into. It is a standout amongst other profession alternatives after B.Com. 

    The initial step to pursue an MBA is the CAT (Common Admission Test) test. Based on your CAT score, you will get admission in practically all the top MBA institutions.

    Course duration – 3 years

    Eligibility – Graduation

    Average salary – 5- 25 lakhs per annum.

    Top recruiters – Microsoft, Amazon, Accenture, JP Morgan

    3. Master of Commerce

    M.Com is the expert’s course in trade. This degree is 2 years in length in term and can be achieved through any administration perceived college or school in India. This course causes you to ace the ideas you learned as a B.Com understudy and apply it in the expert world. 

    M.Com is a postgraduate degree in business. Aside from trade, this specialization likewise centres around fields bookkeeping, business the board, financial matters, banking and money, account and control, and tax collection, to give some examples. M.Com is the ideal course for applicants who wish to construct a vocation in the BFSI (banking financial services and insurance) area or the taxation sectors and accounting.

    Course duration – 2 years

    Eligibility – Graduation

    Average salary – 3.5 to 5 lakhs per annum

    Top recruiters – WNS Global Services, Infosys, EY, TCS, Genpact

    4. Certified Management Accountant (CMA) 

    M.Com is the expert’s course in trade. This degree is 2 years in length in term and can be achieved through any administration perceived college or school in India. This course causes you to ace the ideas you learned as a B.Com understudy and apply it in the expert world. 

    M.Com is a postgraduate degree in business. Aside from trade, this specialization likewise centres around fields bookkeeping, business the board, financial matters, banking and money, account and control, and tax collection, to give some examples. M.Com is the ideal course for applicants who wish to construct a vocation in the BFSI (banking monetary administrations and protection) area or the bookkeeping and tax assessment areas.

    Course duration – 6 months

    Eligibility – Graduation + 2 years of work experience

    Average salary – 5 to 8 lakhs per annum

    Top recruiters – DHL, Cognizant, KPMG International

    5. Business Accounting and Taxation (BAT) 

    Business Accounting and Taxation (BAT) Course is a program that is carefully planned by industry specialists to prepare applicants to become industry-prepared for bookkeeping position jobs. It is a magnificent vocation choice for B.Com graduates. In this program, you won’t just take part in functional and experiential adapting yet in addition ace the absolute most popular devices of the bookkeeping and tax collection industry and probably the best course after b.com. 

    The course learning modules include points like monetary detailing utilizing ERP programming, the conclusion of budget summaries, merchandise and administration charge (GST), direct tax assessment, finance parts ESIC, and Excel and MIS revealing. 

    Subsequent to finishing this concentrated course, you can look over a variety of promising position profiles, for example, charge advisor, corporate lawful partner, organization law aide, money chief, accounts leader, and expense examiner, to give some examples.

    Course duration – 8 to 12 weeks (Depends on the program)

    Eligibility – B.Com or above

    Average salary – 4 to 10 lakhs per annum

    Top recruiters – Adobe, Genpact, Datamatics, Bajaj

    6. Financial Risk Manager (FRM)

    The designation of the Financial Risk Manager (FRM) is offered by the Global Association of Risk Professionals (GARP®). It is the highest quality level in the monetary and danger of the executives business. In the event that you acquire this affirmation, it shows that you have a sound comprehension of the executive’s ideas in the current unique monetary market. This is a moderately momentary course of nine months. To turn into an FRM-confirmed proficient, you should finish GARP’s FRM Program. Tests are normally directed in two sections in May and November. FRM is perhaps the best course after B.Com. 

    A Financial Risk Manager’s essential occupation obligation is to distinguish and examine dangers to the organization resources, procuring limit, and its presentation or accomplishment on the lookout. Financial Risk Managers can work in loan origination, trading, financial services, private banking, market/credit risk, and so on.

    Course duration – 9 months

    Eligibility – Graduation

    Average salary – 10 to 18 lakhs per annum

    Top recruiters – Citigroup, KPMG, HSBC, Deutsche Bank