The one question that almost all Commerce graduates ask themselves is
– What after B.Com? This question despite being so popular still fails
to find the right answer even today.
The answer to the question what after B.Com is highly subjective as one should definitely match his career path after B.Com with his interests and strengths rather than simply follow the masses or choose a field based on prospective pay packages.
When you are not following the herd mentality, it not only guarantees job satisfaction for the rest of your professional lives but also makes sure you climb the corporate ladder quicker.
Keep in mind that you need to clear an entrance exam which tests you on your quantitative, logical and verbal abilities and shell out anywhere between Rs. 2lacs to Rs. 20lacs for a two year Post Graduate degree.
M.Com: If Accountancy and Mercantile law interest you and you and you want to see yourself as the Chief Accountant of a firm at some point of time, then M.Com is definitely what you should opt for after B.Com.
M.Com is a PG course that would also let you venture in to other professional courses like ICWA, CA, CS, etc. simultaneously as it has very few hours of fixed classes and a syllabus that is similar to such professional courses. Besides this, it is also very easy on your pocket.
M.A. (Economics): If you loved Economics during your B.Com and can relate most of the business strategies to economic graphs, then a Master’s Degree in Economics after B.Com is apt for you.
As a Master of Economics you would have to deal in detail with Public Economics and Business economics along with mathematics and econometrics. A sound knowledge of economics will have you working as a Business Analyst or a Market Analyst wherein you would factor the economic impact of various happenings on a particular business or strategy.
CA (Chartered Accountant): Chartered Accountants are in high demand. The high salary commanded by CA’s and the prestige of holding the degree has fueled the growth in the number of people who aspire to become chartered accountants.
CA’s are regulated by Institute of Chartered Accountants of India. They award the degree as well as conduct examinations. To get membership in ICAI, you need to complete 3.5 years of apprenticeship, pass CPT (Common Proficiency Test), PCE as well as the final examinations along with the computer training and IT certification course.
Some of the works CA’s are involved with are
There are two types of CFA’s- US CFA as well as the Indian CFA. The Indian CFA has less value compared to its US counterpart as banks and other organizations which deals with finances tend to hire US CFA’s. You can read more about CFA by clicking here.
Cost Accountant: Cost Accountants are usually responsible for analyzing the costs associated with production and distribution in a company. The work can be simple (for very small businesses with relatively straight forward costs) as well as highly complex (for businesses with multiple offices, products, distribution channels and so on).
If you want to pursue a career as a cost accountant, then you’ll need to complete the Cost and Works Accountancy (CWA) course from The Institute of Cost Accountants of India (ICWA).
CS (Company Secretary): As a company secretary, you’d be involved with helping the board members, general administration of the organization, corporate governance and sometimes even legal aspects.
Companies with paid up capital of 50 lakhs or more require a company secretary. To become a CS, you need to complete the foundation, intermediate and final course as laid out by The Institute of Company Secretaries of India (ICSI).
If you want to venture out on your own, you can become a CFP (Certified Financial Planner) as well
Remember that whenever you choose a PG after B.Com, you do it for the right reasons such as interests and strengths; and not for scope and popularity.
The answer to the question what after B.Com is highly subjective as one should definitely match his career path after B.Com with his interests and strengths rather than simply follow the masses or choose a field based on prospective pay packages.
When you are not following the herd mentality, it not only guarantees job satisfaction for the rest of your professional lives but also makes sure you climb the corporate ladder quicker.
Popular Courses after B.Com
MBA: If you want to pursue a career in one of the functional managements or business management in general, then MBA in India or abroad is the obvious choice after B.Com.Keep in mind that you need to clear an entrance exam which tests you on your quantitative, logical and verbal abilities and shell out anywhere between Rs. 2lacs to Rs. 20lacs for a two year Post Graduate degree.
M.Com: If Accountancy and Mercantile law interest you and you and you want to see yourself as the Chief Accountant of a firm at some point of time, then M.Com is definitely what you should opt for after B.Com.
M.Com is a PG course that would also let you venture in to other professional courses like ICWA, CA, CS, etc. simultaneously as it has very few hours of fixed classes and a syllabus that is similar to such professional courses. Besides this, it is also very easy on your pocket.
M.A. (Economics): If you loved Economics during your B.Com and can relate most of the business strategies to economic graphs, then a Master’s Degree in Economics after B.Com is apt for you.
As a Master of Economics you would have to deal in detail with Public Economics and Business economics along with mathematics and econometrics. A sound knowledge of economics will have you working as a Business Analyst or a Market Analyst wherein you would factor the economic impact of various happenings on a particular business or strategy.
CA (Chartered Accountant): Chartered Accountants are in high demand. The high salary commanded by CA’s and the prestige of holding the degree has fueled the growth in the number of people who aspire to become chartered accountants.
CA’s are regulated by Institute of Chartered Accountants of India. They award the degree as well as conduct examinations. To get membership in ICAI, you need to complete 3.5 years of apprenticeship, pass CPT (Common Proficiency Test), PCE as well as the final examinations along with the computer training and IT certification course.
Some of the works CA’s are involved with are
- Accountancy
- Auditing
- Cost accountancy
- Taxation
- Investigation
- Consultancy
There are two types of CFA’s- US CFA as well as the Indian CFA. The Indian CFA has less value compared to its US counterpart as banks and other organizations which deals with finances tend to hire US CFA’s. You can read more about CFA by clicking here.
Cost Accountant: Cost Accountants are usually responsible for analyzing the costs associated with production and distribution in a company. The work can be simple (for very small businesses with relatively straight forward costs) as well as highly complex (for businesses with multiple offices, products, distribution channels and so on).
If you want to pursue a career as a cost accountant, then you’ll need to complete the Cost and Works Accountancy (CWA) course from The Institute of Cost Accountants of India (ICWA).
CS (Company Secretary): As a company secretary, you’d be involved with helping the board members, general administration of the organization, corporate governance and sometimes even legal aspects.
Companies with paid up capital of 50 lakhs or more require a company secretary. To become a CS, you need to complete the foundation, intermediate and final course as laid out by The Institute of Company Secretaries of India (ICSI).
If you want to venture out on your own, you can become a CFP (Certified Financial Planner) as well
Remember that whenever you choose a PG after B.Com, you do it for the right reasons such as interests and strengths; and not for scope and popularity.
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