A B. Com course is an all round course that gives a base to a vast variety of fields of study. But, due to the stiff competition in the job market, it is usually advisable to further sub specialize. Whether its growth in the corporate world or venturing into the world of business for yourself or any other new fields, doing more best courses after B. Com will greatly helps. Here’s a guideline on some of some of the best courses that one can pursue after the B. Com.
1. Chartered Accountancy (CA)
CA which stands for chartered Accountancy is one of the most prestigious and remunerative field for Commerce graduates. The CA course is quite intensive in so far as it comprises of theoretical education together with practical training. This range from Principles of accounting, accounting information systems, financial statement audit services, tax services and management information services. After successfully passing Chartered Accounting, one can work in corporate finance, audit firms and may even start up his own business.
Key Highlights:
– Duration:
It takes an average between 4 to 5 years but this depends with the number of attempts that a student will make.
– Salary:
The basic packages may cost around INR 6-7 lakhs annually depending upon the firm the scope of ascending to higher levels is bright.
– Career Prospects:
CA, Auditor, Tax Advisor, Investment Consultant.
2. Master in Business Administration
An MBA is a course that is opted by many B. Com graduates who are aspiring to have a managerial career. Decisions to major in a specific department like Finance, Marketing or Human Resource or do a major in Operations Management offers job market leverage. The MBA not only gives you managerial skills but also opens your view over the business environment.
Key Highlights:
– Duration:
2 years.
– Salary:
The approximate starting salaries course wise are almost between 7,00,000 to 10,00,000 per annum and could vary with specialization and Institute.
– Career Prospects:
BA, Manager of marketing, HR, Operations, Financial analyst.
3. Company Secretary (CS)
If you have passion in corporate law and governance then Company Secretary (CS) course for you may be perfect. CS will be required to make sure that the company he or she is working for adheres to the laws and code of regulations. Some of the modules offered in the course are the corporate laws, company secretarial practices and in addition to this financial management.
Key Highlights:
– Duration:
3-4 years.
– Salary:
Commencing offers are generally between 4 to 6 lacs per annum.
– Career Prospects:
Director’s Company Secretary, Corporate Governance Consultant and Legal Compliancy.
4. Certified Public Accountant (CPA)
The CPA designation is well known all over the world and would be suitable for any one wishing to practice in the foreign countries. Some of the subjects undertaken as part of the CPA course include audit, taxations, financial accounting, business legislation and others. Acquisition of this course can create employment opportunities in the multinational companies, accounting firms and the financial organizations.
Key Highlights:
– Duration:
1-2 years.
– Salary:
Fresh candidates can expect to earn anything between INR 8-10 lakhs per annum.
– Career Prospects:
Public Accountant, Financial Planner and Analyst, Internal Auditor.
5. Cost Management Accounting (CMA)
Another standard course for the commerce graduates is CMA. It deals with financial aspects of an organization and its control, and the courses train you for positions that entail the planning and controlling of the financial aspects of a firm. Presently, there is increased employment of CMAs in different industries for the production and service industries in particular.
Key Highlights:
– Duration:
3-4 years.
– Salary:
The remunerations particularly the beginning pay starts from INR 600,000 to 800,000 per annum.
– Career Prospects:
A Cost Accountant, Financial Analyst, Cost Manager, Corporate Planner, etc.
6. Financial Modeling and Valuation Analyst (FMVA)
It is recommendable for anyone who wants to have a career in finance particularly in the areas of financial analysis, investment banking and corporate finance. It enables one to understand how to build models in finance, how to value firms and make right financial decisions. It is most helpful for the careers in the financial sectors.
Key Highlights:
– Duration:
6months to 1 year.
– Salary:
The basic or starting packages can be offers between INR 6-9 lakhs per annum.
– Career Prospects:
Indeed: Financial Analyst, Investment Banker, Corporate Finance Specialist.
7. Digital Marketing
Hence, digital marketing is one of the most critical skills as it considers the growth of the digital economy. A course in digital marketing comprehends different areas including but not limited to SEO, content marketing, SMM, and online advertising. This course is particularly suitable for the B. Com graduates to enabling him/her to invade the marketing world.
Key Highlights:
– Duration:
6 – 12 months.
– Salary:
The basic pay offered normally lies in the scale of INR 3-5 lakhs per annum.
– Career Prospects:
Digital Marketing Manager – SEO Specialist – Social Media Manager – Content Strategist.
8. Master of Commerce (M. Com)
For those, who strive to become researchers or join academics community, M. Com is a perfect choice to further education. It enables you to gain a richer appreciation of commerce subjects; and if you wish to, can lead to a career in lecturing, research or even higher level administration positions. M. Com graduates can further undertake PhDs or other such specialized courses.
Key Highlights:
– Duration:
2 years.
– Salary:
salary packages start from INR 3,5 lakh per annum for the beginning level.
– Career Prospects:
Lecturer; Researcher; Accountant; Finance Manager.
Conclusion
The further course of study after the completion of B. Com varies with your career aspiration, with respect to the field that a student wants to specialize in. All the courses above mentioned provide certain prospects in their own way and can do lot of benefit to your career path. Regardless of the choice in favor of financial, managerial, legal or digital marketing specialization, the main condition remains to choose an area that you are good at and which in the future you will strive for. It is very important to go back to school and acquire further education as well as skills so as to prepare oneself for the challenging job market, and hence the need to be employed .
