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Bachelor of Commerce is one of the top-rated graduation courses that commerce students can pursue after finishing their 10+2. This graduation degree is beneficial as it is the path to acquiring other degrees and certifications. The career prospects of the B.com degree look bleak; with many students doing the B.com degree, finding a job opportunity (a well-paying one) is quite challenging.
Moreover, a B. Com degree is nowhere enough to land a high-paying job. Hence, students must take further courses to establish a great career in this field. Thus they seek answers to questions such as what to do after or with B.Com. Or what are the top career options after B Com?
Fortunately, a Bachelor of Commerce or B.Com can pursue many professional courses and certifications, which can help you get a high-paying job opportunity. You must complete the right job-oriented courses with B.Com to enhance your skill set and gain a relevant professional certificate.
Hence, to help B.Com students, we will discuss some of the best job-oriented courses with B.Com, which can give you an amazing career path.
Let’s get straight into some of such courses/ certifications/ diplomas, etc.
B Com course time is three years, but it is not enough to get your dream job in these competitive times. It is highly recommended to better use this 3-year time period to try and build up your profile as much as you can. Many students join professional job-oriented certification courses during this time period, which can help them gain a much-needed edge in the job market.
You can pursue any of the enlisted courses with B.Com or after graduation. Let’s learn a bit about each of them in detail.
One thought that pops into the mind of every commerce student in India is that he/she should become a CA. Maybe teachers, parents, or relatives; someone must have recommended you to become a CA, and why not? CA, or Chartered Accountant, offered by ICAI (Institute of Chartered Accountants of India), is one of the most popular career options for an Indian commerce student.
Completing the CA certification courses with B.Com is challenging; it takes utmost dedication and hard work to become a C.A. in India. However, the high salary and lavish lifestyle that it grants make it worth the effort.
If you are looking for internationally recognized certification courses with B.Com, then ACCA may be your best choice. ACCA is an internationally recognized professional accountancy qualification that is accredited by an international organization of the same name. To apply for this degree, you must have passed your 10+2 exam with a minimum of 50% in the remaining courses and an overall grade of 65% in either mathematics or accounting and English.
As a globally recognized course with its Industry relevant content and flexible examination scheme, the ACCA qualification is a great way to build a career in Accounts and finance. You can also do it as one of the best-integrated courses with B.Com.
One of the finest professional courses with a B.Com. is CMA USA if you wish to work overseas. The CMA USA certification, which is accredited and overseen by the Institute of Management Accountants (IMA), is a globally recognized credential that can open doors for you to work with the top MNCs. The CMA USA certification denotes that the holder has a high level of skill in financial planning, control, analysis, and decision support.
Your qualification gives you the competitive edge you need in the job market and makes a lot of international prospects possible. Yet, obtaining the US CMA is not simple; in fact, if you attempt to do it without the proper guidance, it is one of the most difficult accounting certificates.
The Certified Financial Analyst or CFA academic program is designed for students interested in investments and financial systems. It is probably the highest standard of professional excellence in the field of investments offered by the CFA institute. One can become a Financial Analyst, or market research analyst after doing these courses with B.Com. The CFA curriculum teaches the students basic accounting standards, business practices, economic policies, conditions, etc. It is also a great option for students who are searching to complete some job-oriented courses with B.Com.
Offered by the Global Association of Risk Professionals (GARP, USA), FRM is an exclusive, globally recognized certification for finance and banking professionals. This certification opens the opportunistic doors to many new lucrative career options in structuring, modeling, risk management, trading, wealth management, finance, and more.
Course Duration – It is a short-term course that can be completed in around nine months, and it has a two-part examination that is conducted in May and November each year.
Job prospects – Sales, private banking, credit/market risk, marketing, trading, and financial services are all potential careers for financial risk managers.
Salary – In India, you can expect to earn an average income of between INR 10 and 18 LPA.
If you are still looking for courses with B.Com, BAT or Business Accounting and Taxation is a great option to explore. It is an excellent short-term course for b.com graduates to gain in the final year of their B.com degree. The course helps in gaining a practical understanding of taxation, reporting, accounting and compliance, financial reporting using ERP software, payroll components ESIC, MIS reporting, etc. These are the skills that accounting firms, KPOs, and other competitive accounting & finance profiles may require.
CIMA is the top management accounting qualification in the United Kingdom and Ireland. If you ever wish to work in the UK, then CIMA may be the perfect fit for you. CIMA is partnered with the CWA (Cost and Work Accountants) Institute of India. If you want to pursue the CIMA certification, then the best way is to go to CWA and take four more papers to get the CIMA qualification. There are no specified eligibility criteria for CIMA, so you can join this certification course as a B Com student.
Certified Public Accountant is a different internationally regarded professional title. It is one of the greatest courses available after a b.com and is provided by the American Institute of Certified Public Accountants (AICPA). You must be well-versed in generally accepted accounting concepts in order to enroll in this course. You need to have a strong foundation in accounting, complete substantial coursework totaling at least 150 hours, and pass a challenging four-part exam in order to become a certified public accountant (CPA).
Course Duration – A student or enrolled professional must complete the US CPA course and its certification exam in around 12-18 months.
Job Prospects – CPAs can work for companies like KPMG, PriceWaterhouseCoopers (PwC), Deloitte, and Ernst and Young as financial analysts, forensic accountants, tax accountants, and general auditors.
Salary – The average salary of CPAs in India ranges between INR 6-9 lakhs per annum.
Many candidates prefer doing an integrated course after completing their 12th class board examination. The integrated course is also becoming quite popular because it saves time and money. An integrated course with B.com and M Com costs less money and time than doing each degree separately. It also saves the hustle of going through the admission process in the future.
Following are some of the most popular integrated courses with B.Com that the students are pursuing to enjoy good career prospects.
Each of the integrated courses with B.Com mentioned above can be completed within the five years duration and can easily get you an average salary of over 3 lakh per annum.
Many great institutes offer many great financial courses, and it is nearly impossible to declare any institute to be the best. It will be an apt question to ask, what is the best institute for you?
The best finance institute in India is different for everyone. It depends on the courses the individual wants to pursue, the individual’s financial condition, and the institute’s location.
However, when it comes to the preparation of the US CMA, CPA USA, ACCA, or the CA, the NorthStar Academy or NSA is the best. It provides the best preparation for the exam related to the mentioned certification. Coupled with the affordable packages, the NSA easily comes out to be one of the best institutes for finance education in India.
Mentioned below are the nine most significant financial institutions in India –
Reserve Bank of India (RBI)
Export-Import Bank of India (Exim Bank)
Life insurance corporation of India (LIC)
Industrial Credit & Investment Corporation India Ltd.(ICICI)
Housing development and finance Corporation Ltd (HDFC)
SIDBI
Securities and Exchange Board of India (SEBI)
National Payments Corporation of India (NPCI)
National Bank for Agriculture & Rural Development (NABARD)
Financial institutions are always looking for talented finance professionals. Fortunately for you, many financial institutions are operating in the country of India. As per the reports by RBI (reserve bank of India), there are a total of 91 commercial banks operating in India. Out of which, 20 are Public Sector Banks, which includes SBI and 19 nationalized banks.
Some of the most prominent financial institutions in India are listed here –
– The National Bank for Agriculture and Rural Development (NABARD)
– The Small Industries Development Bank of India (SIDBI)
– The National Housing Bank (NHB).
– Export-Import Bank of India (Exim Bank)
– Reserve Bank of India (RBI)
– Securities and Exchange Board of India (SEBI)
– National Payments Corporation of India (NPCI)
Financial institutions in India offer a wide range of financial services and products to individual and commercial clients. Based on the type of services and products it offers, there are majorly four types of financial institutions. These four types of financial institutions are –
Commercial Banks
Investment Banks
Insurance Companies
Brokerage Firms
In India there are many financial institutions that provide the top professional training courses in India. One such reputed institution is NorthStar Academy (NSA), which provides valuable certification courses like CMA USA, CPA USA, and ACCA to students. NSA is helping them clear their exams with ease owing to the most preferred and comprehensive study material, mock tests, and live classes.
In today’s highly competitive environment, the B.com degree is just not enough to provide you the edge required to get ample job opportunities with good pay. Fortunately, you can do many professional courses with B.Com, which can help you get your dream jobs in India and abroad.
NorthStar Academy is a perfect choice if you want to pursue the most preferred professional certifications like CMA USA, ACCA, or CA training courses. NSA has been the leading training institute in accounting courses, shaping students’ futures in the desired direction. We provide highly organized and comprehensive study material to help our students prepare efficiently. The top mentors at NSA, like Mr. M. Irfat, have helped over 15000 students achieve their dreams with impeccable assistance.
You can also connect with us to get more tel:+918147470707 personalized guidance to decide which courses with B.Com will be the best for you to pursue.
