While writing the last paper of B.Com final year a lot of thoughts might be going on in your mind like the future ahead if you want to study more or work for a little time to gain experience all of these choices depend on your preferences. As soon as you finish your exams your parents, relatives, neighborsand everyone starts asking you about your future plans. In today’s competitive world, if you are not satisfied with the career or course you pursue there are many short-term – high value – low investment courses available in the market which are easy to crack and have good job opportunities in the market.
In today’s world, just completing your graduation is not counted as having a great career. You need to gather as much knowledge as you can and a good degree to face strong competition in life. But the most important question is which is the right course after B.Com for you? Since you have completed your graduation in Commerce, we are assuming that you are interested in the field of Accounting and therefore shall guide you to choose a career in the field of Accounting.
The commerce field offers you two B.COM courses, B.COM (Hons) and B.COM they do vary a little from each other and their market value as a degree matters too.
This is a general degree course that spans over a period of 3 years that you can pursue after completing your 12th with commerce. A normal B.com degree proves quite handy even if you are pursuing any of the professional courses. It is always advised that you complete your graduation and then go for higher education like MBA.
You can take BBA as a full-time course or a correspondence course depending on your choice. It is beneficial for students to take it as a correspondence course if they are pursuing any professional courses like CA or CS.
This is a similar course to B.com but it is in a more extensive form of specialization in a particular subject or field like Accountancy, management or economics etc. The industry demands more practical and specialized students and because of this fact, B.com (Honours) is somewhat better than normal B.com. However, the admission criteria and eligibility conditions are similar for both. But B.com (Hons) hold more weight and better career options. B.com (Hons) has a more analytical and in-depth study than compared to B.com, the syllabus and subjects vary too.
SMS, Varanasi also provides B.com courses and also provide various scholarship programs. You can check out other details on https://smsvaranasi.com/
Chartered accountant (CA)
One of the most common careers that cross every commerce student’s mind is CA. CA exams are conducted by Institute of Chartered Accountants (ICAI) and students are required to clear 3 Examinations over the period of time that are CPT, IPCC and Final CA. Since you are done with your graduation, you are eligible to directly appear for IPCC which consists of two groups. After clearing one of the groups, a student is required to register for articles with experienced CA’s for a period of two and a half years. After clearing both groups of IPCC and successfully completing your articles you can appear for Final CA. Final CA again has two groups and after clearing both the groups, you can proudly affix the words CA before your name. This course is seen as one of the most reputed courses across India but is also seen as an equally tough exam to crack, it requires a lot to the dedication and hardwork of the students applying.
I am sure most of the students have interest in M.Com as it a widely accepted course all across the globe. It is very common of students going for the Master’s degree in Commerce after completing B.Com. It is a two-year program and you can pursue it from any of the recognized institutes. M.Com is a program that focuses on a systematic study of Accounting, Business, Finance, Economics, Statistics, Taxation, Marketing and Management and therefore it gives insights about all the fields.
There is always someone in the family who will advise you to pursue MBA. A good career in MBA totally depends on the credibility of the institute that you are pursuing from. If you are an IIM student then success will follow you to your doorsteps but doing MBA from an ordinary and not much-renowned institute will only add numbers to the list of unemployed MBAs. The results of your CAT exams determine the institute where you can pursue the MBA program. It is a two-year program on completion of which you can easily get a job in the financial service sector.
If you have plans of going global or working in the Top MNCs then going for international certifications is the right choice for you. The CMA is offered by the Institute of Management Accountants (IMA) the USA and the content is regularly reviewed by the Institute of Certified Management Accountants (ICMA). To become a CMA, a student is required to clear two examinations. CMA demonstrates your professional expertise in financial planning, analysis, control, decision support, and professional ethics – making you the preferred choice of potential employers.
A Certified Public Accountant (CPA) is the highest standard of competence in the field of Accountancy across the globe. The exam is administered by the American Institute of Certified Public Accountants (AICPA), which is the world’s largest accounting body. A CPA qualification is similar to the Indian CA qualification. In addition to the CA qualification, a CPA will have knowledge of US Generally Accepted Accounting Principles (GAAP), IFRS (International Financial Reporting Standards), Generally Accepted Accounting Standards (GAAS), US federal taxation and business laws. This gives a great advantage to a CPA when working with US Based Financial firms or Indian firms working for US clients. This exam consists of 4 exams which can be completed within a period of less than a year. Pursuing CPA after completing CA, M.Com, CS, MBA in finance, ICWA can also help your career to a great extent.
ACCA (Association of Chartered Certified Accountants) is the world’s leading and fastest-growing international accountancy organization with 162,000 members and 428,000 students in 173 countries. The ACCA qualification helps develop successful careers in the fields of accounting, banking, management and consulting, and is a major advantage in competing for senior roles. ACCA is considered to be very similar to CA but ACCA program provides you with additional knowledge about UK GAAP, IFRS,and laws which makes ACCA superior to CA. To successfully complete your ACCA program you will need to clear 14 paper (lesser in case of Exemptions).
Business accounting and taxation (BAT) teaches its students Right from understanding the basic journal entry, final accounts, tax compliances, we will also help you to enhance your soft skills (business communication), understanding advanced Excel and technology used in industry, the most essential, SAP training.
BAT Course = Practical exposure to accounting, taxation,and compliances + improved business communication + SAP Training + Tally Training + Quick Book Training +Overall Self Development + Right Career Development.
B.Com degree is highly valued qualifications among all non-professional bachelor’s degree programmes. With a bachelor’s degree in commerce, you’re eligible to apply for a job position in any organization, both in governmental and industrial. It is indeed a business-oriented degree, so industrial organizations prefer to appoint a B.Com graduate in many positions like marketing, sales, commercial, purchase, stores,and finance & accounts.