Wednesday, 11 January 2017

Career and Courses to Pursue after B.Com.

As you move ahead in the final semesters of your graduation you need to answer tons of questions. The happiness of completing the first milestone of your life and fear of what to do next often eats up all your minds. One of the best advice anyone can give to a college going student is that one should know where he/she has to go once the graduation gets over. After the college, one should know where he/she is headed.

Well, if you are in the first or second year and haven't decided which career is the best option for you, here are some of the courses made available for you. Also, if you are looking for free career counselling click here.

Most common Choices:

1. Chartered Accountancy (CA)
Chartered Accountancy is one of the most professional courses often adopted by the most number of students. CA exams are conducted by Institute of Chartered Accountants (ICAI). You need to clear three examinations CPT, IPCC (two groups) and CA Final (two groups). But, if you have done graduation, you are eligible directly to give IPCC exams. You also have to serve a training period of two and a half years which is also named as the articleship period. Though the salary after the completion of course, is quite lucrative, but the course requires a perseverance to complete the course.

2. Masters of Commerce (M.Com.)
After the graduation one of the simplest step moving ahead with the career is pursuing masters of commerce. It is a two-year course that can be pursued from any of the recognised a university.

3. Masters of Business Administration (MBA)
MBA is one of those courses in India which is often tried by the most number of students pursuing graduation. It is often treated as a license to give a kick start to your career. If you are a student of a calibre who can bag top B-Schools, well, MBA is something that can add zeroes to your salary. It is a two-year course and you can pursue a career across multiple domains like Finance, Marketing, Human Resources and much more.

International Options:
1. Associate of Chartered Certified Accountants (ACCA)
It is one of the fastest growing international accountancy organisations with over 162,000 students and 428,000 students spread over 173 countries. It is more or less similar to CA of India, though additional knowledge of UK GAAP, IFRS and Law makes it superior to CA. During the completion of course, you need to complete 14 papers, however, you can avail few exemptions also. You can shape your career in the field of accounting, banking and management.

2. Certified Public Accounting (CPA)
It is often considered as the highest standard of accountancy across the globe. A CPA qualification is also considered to as similar CA of India. There are 4 exams that come under CPA qualification and can be completed over a span of one year. Pursuing CPA after ACCA, CA, M.Com., MBA in finance, ICWA can boost up your career.

3. Certified Management Accountant (CMA)
If you see yourself working with MNCs and looking to go global, going international is the best way. It can not only give a kick-start to your career but you also get the good ROIs. CMA is organised by Institute of Management Accountants (IMA) and the content is regularly reviewed by Institute of Certified Management Accountants (ICMA). You need to complete two examinations to become a CMA.


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