Ask Experts » Career Guidance » Other Jobs »

What are the career options after B.Com?


Date: 17 Dec 2012   Posted By: Amit Goyal     Group: Career Guidance    Category: Other Jobs   

My brother is pursuing B.Com final years.
He is very conscious and worried about his career.
I want to know what the career opportunities available are for him.
Kindly tell also what the procedure for that opportunities, and how he can move to achieve that opportunities.


Want to know about the possible career options after B Com? Find out which career path you can take after completing your B Com degree.


Author: rahul    18 Dec 2012      Member Level: Gold     Points : 4  (Rs 3)    Voting Score: 0

There are a lot of options open after B.Com. They can be of two types:

1.CA(I am doing),CS,CWA or banking.

2.Hotel management,Finance,Law,Civil services etc.

3.Tax advisor, Maketing, Insurance etc.

I could have mentioned more but these are considered as main option.


For admission in these course you have to pass entrance test like ICET ,CAT , CPT.

PROCEDURE FOR CA

I am pursuing CA course so i can tell you about it. You can join CA in two ways.

1.Clear 12th and apply for CPT entrance exams. If you secure 50% then you get admission in CA.

2.Do some other higher course like B.com and get admission directly.

After joining you will give your IPCC exam after 9 months. If you clear both group then you will have to join articleship under the supervision of a CA for 3 years. Thereafter you will be entitled for your final exams.

In my opinion this is the best choice if your brother is interested in commerce.

But it's totally up to you which path you want to follow and how you are going to progress. Best of luck.


Author: Tulika Devi Nath    18 Dec 2012      Member Level: Gold     Points : 10  (Rs 10)    Voting Score: 2

A commerce graduate has ample scope of exploring various career opportunities after completion of graduation.

M. Com:
The most ideal option for a student who completes B. Com is post graduation in commerce. There are a sea of job opportunities after completion of M. Com. Some of the options which one can think of pursuing after completion of M. Com are as below:

Civil Services examination:
Appearing for civil services examination become lot easier which doing your M. Com as you can work with a lot of dedication. You can start preparing for preliminary and the mains examination. The period of two years of M.Com could be effectively utilized towards the preparation of these examinations.

Job in banking sector:
IBPS (Institute of Banking Personnel Selection) conducts regular examinations known as CWE the score of which is used by various banks for selection of persons for various posts. Banks now-a-days don't conduct separate exams for selection of candidates for their vacancies. Hence the score of the CWE is becoming increasingly relevant these days. You can utilize the period of your post graduation for preparation of CWE.

CA:
Chartered Accountancy is one of the most coveted career option for any commerce student. Needless to say about the vast and regarding career options available for a Chartered Accountant. One needs to clear the Common Proficiency Test (CPT) to become eligible for CA. You can prepare and clear the CPT while studying B. Com. It takes at least three years to become a CA. One needs to have a clear inclination towards accounts to become a CA.

CS:
Company Secretaryship is one of the lucrative career option after B.Com. CS is offered by the Institute of Company Secretaries of India (ICSI) and the duration is three years. There are three stages to become a qualified company secretary. The stages comprises of foundation course, intermediate stage and training. You are already eligible for the initial two stages as you will complete your graduation soon.

Company secretary plays a very special role in a private as well as public limited company. He is responsible for answering queries of shareholders, providing advice to the board, handling legal matters and various other company affairs.

Certified Management Accountant (CMA) :
Institute of Cost Accountants of India awards the degree of CMA. A CMA is involved in a wide arena of company affairs such as pricing and costing of products and services and preparation of various statements as per accounting standards. They perform a very important role in planning, controlling and monitoring of a company's product cost and determining its price. Cost of product determines the price of a product hence it is very important for anyone to ascertain cost at various stages and minimize it through optimum utilization of resources. Thus a CMA can help a company to increase its operational efficiency and become competitive.

The course of a CMA comprises of three stages viz. Foundation Course, Intermediate Course and Final stage. The entrance examination is held twice in a year. First, in June and later in December. The educational qualification required is graduation in any discipline. One can start with foundation course and can join the course after 10+2 examination.

MBA (Finance/Investments):
The most favored option by many of the commerce graduates is of post graduation in Management. I would however like to emphasize that you should go for MBA in Finance. Though named as specialization in Finance, the course mostly specializes on managing financial investments.

After completion of MBA or PGDBM you can easily get a job in financial services sector. As the space of financial services has become increasingly crowded due to presence of candidates with similar kind of skills, you need to differentiation yourself from others. Hence I would like to suggest you to go for any specialized certification courses such as CIMA, CPA/ CFA etc.


Author: Chitra    19 Dec 2012      Member Level: Diamond     Points : 4  (Rs 2)    Voting Score: 0

Dear Amit,

B-com is a good course which has lot of job opportunities across India. Every company requires an accountant, hence you do not have to worry. Before that are you sure, your brother do not want to continue his studies. The more his qualification is, the better job he gets.

Following are some of the career opportunities for a B-com graduate :

(a)Accountant :
This is the main field into which all commerce graduate goes. It is better to join in a small organization first, so that he can learn all the accounting practicals from there. In big companies, a person will be assigned to do only one section of the accounting job. He will not be able to learn the other sections. Therefore it is better to start from a small company.

(b)Jobs in Banks :
This is also a related job but to get a job in a bank, your brother will have to pass an exam conducted by the bank or government.

(c)Administrative Jobs :
A graduate in any field can look for administrative jobs. This will gain him experience. If required, he can pursue higher education as well.


Author: anily    21 Dec 2012      Member Level: Silver     Points : 2    Voting Score: 2

B-com has lot of job opportunities across India.Company requires an accountant.This is the main field into which all commerce graduate goes.A person will be assigned to do only one section of the accounting job.Company Secretaryship is one of the lucrative career option after B.Com. CS is offered by the Institute of Company Secretaries of India (ICSI) and the duration is three years. There are three stages to become a qualified company secretary. The stages comprises of foundation course, intermediate stage and training. You are already eligible for the initial two stages as you will complete your graduation soon.


Author: Paresh Gujarati    23 Dec 2012      Member Level: Gold     Points : 2    Voting Score: 0

If you are not interested in all the options given above by the members, you can also apply for State Public Service Commission for the post like Mamlatdar, Account officer for administrative bodies of state etc. You can find all these information once you visit your state's Public Service Commission website. Best of luck.

Author: Rudresh Mishra    01 Mar 2013      Member Level: Bronze     Points : 2    Voting Score: 0

Best Option are :-

1. Chartered Accountant.
2. Govt. Job (as Auditor/Accountant)
3. TRP (Income tax initiative)
4. Commerce Teacher
5. ICWA
6. Various PSC/UPSC Jobs.

After Master Degree -
1. As Economist (in govt. & pvt. sector)
2. As Researcher.
3. Teaching in Colleges & Coachings.





Post Answer



You must Sign In to post a response.


Post Answer        





Related Questions
  • Return to Question Index
  • Ask Question to Experts

  • Awards & Gifts
    Active Members
    TodayLast 7 Daysmore...

    Online Members

    dhanush kumar
    More...
    ISC Technologies, Kochi - India. Copyright © All Rights Reserved.