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.
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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