Career Options in Commerce and Finance

The various career options available to the choice of a graduate in commerce/finance are Investment Banking, Corporate Finance, Portfolio Management, Real Estate, Financial data analysis, among others.


In today’s ever changing world, there are a plethora of career options available for a commerce graduate. With the evolution of more and more companies across industries, the demand for workforce having the right skillset in understanding numbers is growing too fast- because of the significance of Finance being the ‘heart and blood’ of any business. In fact, no business can survive without financial capital anywhere in the world.

Scope: A career in commerce and finance is both lucrative, and can give security to your job over a long term provided you are equipped with the right skillset. The various career options available to the choice of a graduate in commerce/finance are Investment Banking, Corporate Finance, Portfolio Management, Real Estate, Financial data analysis, among others.   
Well, the earlier you decide your choice of career, the better it is. Hence, let’s understand the various career options available for commerce/finance aspirants, and the right qualification to pursue right after your 12th/10+2.

Career Options in Commerce

Courses one can pursue after 10+2/HSC:
Regular Degree courses
§  B.com
§  BBM/BBA (Finance)
§  BA/BSc. (Economics)
B.com is the conventional route to start the career in commerce/finance, which could be simultaneously studied along with a professional qualification like Chartered Accountancy, or Company Secretaryship. However, you could kick off your career in finance by taking up on of the other alternative routes such as BBA, BBM or BA (Economics) also.
Some of the best institutions/universities offering these courses are:

Courses
Institutions/Universities
B.com
·         Shree Ram College of Commerce, New Delhi
·         Bhagat Singh College, New Delhi
·         Kirori Mal College, New Delhi
·         Loyola College, Chennai
·         Christ University, Bangalore
·         St. Xavier’s college, Kolkata
·         Narsee Monjee College of Commerce and Arts
BBA
·         University of Delhi
·         Guru Gobind Singh Indraprastha University, New Delhi
·         Symbiosis International University, Pune.
·         University of Mumbai
·         NMIMS, Mumbai
·         Chrsit University, Bnaglore
·         St. Xaviers
BA/BSc. (Economics)
·         St. Stephens, New Delhi
·         Hansraj College, New Delhi
·         Kirori Mall college, New Delhi
·         Christ University, Bangalore
·         Indian Statistical Institute, Kolkata, Bangalore and Delhi

Professional Qualification
§  Chartered Accountancy
§  Company Secretary
§  Cost & Management Accountants
Professional qualifications such as CA, CS and CMA can help you land lucrative positions in private as well as government sector. The steps involved in acquiring a professional qualification are:

Chartered Accountancy:

If you are enrolling right after 10+2/HSC
Step1: Common Proficiency Test (CPT)
Step2: Professional Competency Course (PCC)
Step3: 250 hours of Information Technology training
Step4: Article Training (3 years)
Step5: Final Exam, GMCS course and you become a chartered accountant.

If you are enrolling after graduation
Step1: Professional Competency Course (PCC)
Step2: 250 hours of Information Technology training
Step3: Article Training (3 years)
Step4: Final Exam, GMCS course and you become a chartered accountant- ready to work full-time.

Company Secretaryship

If you are enrolling right after 10+2/HSC
Step1: Foundation Programme to build your basics
Step2: Executive Programme
Step3: Professional Programme
Note: You need not attend the Foundation programme if you are enrolling after graduation

Courses after Graduation:

§  Master in Business Administration (MBA) (Finance)
§  Master in commerce (M.com)
§  Master of Financial Administration (MFA)
§  Master of Arts (MA) or Master of Science (MSc.) in Economics

Many graduates, upon completing their graduation, continue with higher studies by taking up master degree courses such as MBA, M.com, or MFA, with MBA (Finance) being the most popular of all. Your depth of understanding of numbers will increase your chances of better job if you take up further studies with a master degree. An MBA, preferable from a top-notch institution like IIM, ISB, IMI, MDI, or any mater degree from the above list will make you eligible to hold managerial positions within the boundary of Finance.
The advantage of pursing higher studies is you will be pushed to higher positions such as Chief Financial Officer if you are able to perform to the expectations of the corporation. However, once you join the corporate, you will start as an Assistant Manager or Associate within the finance department, then to Treasury, and finally to the post of CFO or CEO depending upon your level of understanding.

Certification Programmes:

Today, a lot of graduates- particularly those coming from non- commerce/finance background- are going for certification programmes to find the right job within the finance field. There are several short-term finance courses available such as Chartered Financial Analysts Program, Post Graduate Diploma in Financial banking, and Post Graduate Diploma in Financial Analytics.


All the Best for Your Future   



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