Career Option After Bachelor Of Commerce

Completing your graduation is indeed a milestone achieved in terms of your educational career. Students often after completing their graduation, not sure as to what exactly is the path they must choose for a career, which is monetary fulfilling, and professional rewarding. The pressure to choose the right path is compounded by the constant queries of family members, relatives, friends, and neighbors. For students who have completed graduation in commerce stream, almost all the known persons are ready to provide suggestion and advice as to what you must do in order to succeed in life. However, most of the time such advice is hollow and based on hearsay rather than based on solid facts.

Some career opportunities after Bachelor of Commerce have been mentioned below for helping students to make an informed decision:

COMPANY SECRETARY (CS)/CHARTERED ACCOUNTANT (CA)/ CHARTERED FINANCIAL ANALYST (CFA)/ COSTS AND WORKS ACCOUNTANT (CWA)/ CERTIFIED MANAGEMENT ACCOUNTANT (CMA):

Once you have completed your Bachelors in Commerce then the prominent choices available to you are the courses of CS, CA, CFA, or CWA. The demand for these seasoned professionals is always there in the private sector and the Government sector. However, you must be aware about the difference between these disciplines and the kind & nature of job profiles, which you will be having after successfully completing these courses. 

Chartered Accountant (CA) exams are conducted by Institute of Chartered Accountants (ICAI) and requires one to clear 3 Examinations over the period of time that are CPT, IPCC and Final CA. After completing your graduation, you become eligible to appear for IPCC, which consists of two groups. After clearing one of the groups, you need to complete ‘Article-ship’ with an experienced CA firm for an average period of two and a half years. After zooming through these groups of IPCC and successfully completing your ‘Article-ship’ you can appear for Final CA. Final CA will again have two groups and after clearing past these groups, you will indeed become CA. The career can be great, financially rewarding and professionally fulfilling, depending on your acumen and laboriousness.

A Company Secretary (CS) is senior personnel responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements. It is financially rewarding and professionally fulfilling career and commands a lot of respect. The Institute of Company Secretaries of India (ICSI), a premier National Professional body established by Act of Parliament, is the regulator of the Company Secretaries in India. There are three stages in Company Secretary Course i.e. Foundation, Executive, and Professional; and for becoming a Company Secretary, you need to complete all the three stages.

Chartered Financial Analyst (CFA) is a graduate level course offered by the CFA Institute, America and provides a solid foundation for investment analysis and portfolio management skills combined with the practical knowledge that s student needs in the complex world of investment industry. Unlike MBA, which covers general aspects of management and business, CFA course stresses more on the Finance aspect. It covers topics relating to investment management, financial analysis, stocks, bonds, and derivatives, besides imparting detailed knowledge of other areas of finance. The course is done via a distance mode with online support from the institute.

The Cost and Works Accountant (CWA) collects, assimilates, collates and analyses financial information from every angle and then interprets those numbers for the management. It is regulated by the ‘Institute of Cost Accountants of India’ (ICAI), previously known as the Institute of Cost & Works Accountants of India (ICWAI), a statutory professional accountancy body.

Certified Management Accountant (CMA): The CMA is offered by the Institute of Management Accountants (IMA) USA and the content is regularly reviewed by the Institute of Certified Management Accountants (ICMA). CMA is mostly concerned with financial planning, analysis, control, decision support, and professional ethics. The certification is the most popular management accounting certification not only in the US but also in the developing countries alike.

GOVERNMENT JOBS

Government jobs are termed as the best in terms of job security and together with this; they offer chances of a rewarding professional career. After the completion of your B.com, you can apply for majority of the Competitive Government Examinations like Civil Services Exams (IAS, IES, and IPS), SSC CGL, Banking Exams (IBPS PO, IBPS Clerk, SBI PO, and RBI etc.), and Railway Exams etc.

BACHELOR OF LAWS (LL.B)

This is also one of the options, which is exercised by a majority of the students who have completed their Bachelor of Arts. After completing LL.B you can opt for the career as a lawyer in specific technical streams including being a civil lawyer or being a criminal lawyer. If you opt for the stream of being a commercial lawyer then you can be hired as a Legal Advisor in the Private Sector as well as Government and Semi Government Sector. You can also go for the position of higher repute via becoming a judge after successfully cracking the judicial services exams conducted by the concerned bodies of the State and the Central Government.

MASTER OF BUSINESS ADMINISTRATION (MBA)

One of the preferred career choices of today's students is MBA, a course that equips students with complex problem solving skills and managerial attributes to climb the ladder of success in the corporate world. After successfully completing your MBA, either you can join the private sector for professional excellence or you can also go for government jobs via appearing in the various exams conducted by Government Institutions who require knowledge of management related aspects. MBA, if done through a good institution can be a lucrative career in terms of monetary benefits and professional satisfaction. The caveat is to go for institutions, which have established Alumni Network and well connected industry contacts for good placements.

BUSINESS PROCESS OUTSOURCING (BPO) / KNOWLEDGE PROCESS OUTSOURCING (KPO) JOBS

Most of the BPO’s / KPO’s in the Indian context prefer commerce graduates and you can work in this sector as a Customer Care Executive, Telesales, and Back Office Accountant etc. In fact, Outsourcing companies have become a preferred career choice for the students of the metro cities and with these companies now setting shop in tier 2 & 3 cities, there is an increased scope for the students of these cities for making a career in this sector.   

OTHER PROFESSIONAL CAREER CHOICES

Students after completing their Bachelor of Commerce irrespective of the specialization stream can go for preparation for various professional exams like in the Banking Sector, Armed Forces, and Paramilitary forces amongst others. You can also go for professional studies in Social Work, Fashion Design, & Hotel Management and can make a successful career in these respective arenas. You can in fact choose to go for the courses specifically catering to the investment industry and make a career that is considered financially and professionally rewarding.

SHORT TERM COURSES

There are various short-term or diploma courses, which have emerged as good choice for students who have completed their Bachelor of Arts. Such courses equip students with professional, managerial, technical, and complex problem solving skills, to make them fit and eligible for further professional advancement. In today's rapidly changing times, such courses can provide students with handsome amount of monetary benefits and an option to be a part of the most innovative industries. Students can opt for such short-term professional courses in the fields of animation, video editing, documentary or filmmaking, artificial intelligence etc. In fact, there are institutes that offer out of the box courses like that if Event Management, which help you make a career in the Event Management Industry.

MISCELLANEOUS STREAMS

Bachelor of Commerce can be also done with specialization in an area of your choice. When indeed you complete your Bachelor of Commerce with a specific technical stream then there are further options available to you in terms of advancing in that very particular stream. For example, if you have completed your graduation with specialization in Banking and Insurance, you can work in Insurance Industry as an Insurance Advisor or Insurance consultant. The point is that there are many options available when you do your B. Com. with the specialization of your choice.

We will be posting on a regular basis regarding the choices available in terms of such specialized fields, so make sure you regularly visit this page for most updated information.

IT RELATED COURSES VIZ. MCA/ANIMATION/WEB DESIGN

IT field is not restricted to just science students rather is also open to graduates from other streams too. You can learn a programming language or can work in the IT industry after doing a professional certificate course or a degree course like Master of Computer Applications (MCA). If you have done your graduation in non-mathematics stream (like BA, B/ Com. etc.), then you may need to do a short-term introductory course to be eligible to get into MCA. For example, if you have completed Bachelor of Arts or Commerce and want to pursue MCA from IGNOU, then you need to pass a six-month certification program known as CIC.

You may work as a computer operator, software professional, site developer, web designer, animator, logo designer, software developer etc.