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