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“What are courses after b.com ?”
- Graduation is an important step in your career, I would say the foundation. But if you have a little bit idea about what’s going on in the market, then you might feel that only graduation is not enough. Yes, we’re talking about courses after b.com . You chose B.Com because you feel that you have inclination toward business and commerce and to be precise, for accounting.
- But do you think completing your B.Com will give you an edge in accounting or business? You know that right?
- Just completing B.Com even with a great score will not ensure success in accounting career. You need to think farther and you need to be on your edge.
- In this article, we will discuss the nitty-gritty of what you can do after B.Com. We will discuss the right time to think about your higher education, the career options you can choose and how you can take the first steps. This article will undoubtedly solve some of your common confusions and go a step further.
When is the right time to think about courses after b.com?
- When is the right time to think about courses after b.com?
- The right time is not after B.Com. Rather you need to ruminate about your higher education during the last year.
- Many aspirants make the mistakes of thinking about B.Com only when they are pursuing it. You need to think further.
- The way market is shifting, every 5 years there are thousand new jobs being invented.
- If you don’t know what to do after you are done with your B.Com, then you will be behind. Moreover when you will make decision in a haste, most of the time, you will make the wrong decisions.
- So, before you give your final exam, sit with yourself. Do some research! Think about the possible career options you can choose and which go with your career goals. I
- f you need guidance, talk to your parents and take the help of your teachers and professors. At this point, you don’t need to stick to one point. But you should at least give some thought to your career after B.Com.
- Choose few of them and set them aside and then concentrate on your B.Com (final year) studies. Rest you can think after you give your B.Com (final) exam.
What are Best Courses after B.Com
In this section, first we will discuss the common career choices students make after B.Com pass. Then we will talk about something else as well which you may think about, where comparatively less students are involved.
Let’s get started.
Common Courses after B.com
These are the common career choices or, in other words, majority of the crowd prefers. It is strongly recommend that you give a due thought before enrolling into any of these courses.
No, it’s not about money, rather it’s about your career and you should not squander the first few years of it by making poor choices. It is not always wise to go with the flow without giving it a second thought.
- This is the most popular and common courses after B.Com pass. Rather many students pursue along with their B.Com. But if you enroll yourself after completing B.Com, you don’t need to sit for the entry level exam i.e. CPT (Common Proficiency Test) subject to you have at least 55% in the B.Com.
- You can also enroll after doing any graduation; but in that case you need to have 60% in the graduation. Before enrolling in this course, go through a few things-
- First of all, this is not the course for faint hearted. Ask yourself- Am I ready to put in at least 5-6 hours a day, every day till I clear CA? If the answer is no, don’t enroll. You have other options as well. You know yourself better than anyone. Even if you feel pumped up, receive so many suggestions about doing CA from your professors and see that many of your friends are going for it, still ask yourself honestly and then decide.
- Check the statistics and know the risks. It’s true that CA is the 2nd best course in the world. But only 2-3% of students clear CA (Final) in one go. If you know that you are committed and pull it through, go for it.
- After getting through all these, you may take a better decision.
- Most students make the mistake that they perceive finance as similar as accounting. It’s not. Finance is vast and accounting is only one part of it. But still if you want to do MBA in Finance, there are many options you can choose.
- The best option is prepare for CAT, XAT and GMAT. These three will do. If possible, you should start your preparation during the final year of your B.Com. A year of preparation can do wonders for you.
- Now, here’s the catch.
- There are many B-Schools which are sandwiched everywhere. Do you think doing an MBA in Finance from any B-School will add value to you? Nope. You need to do it from top 10 B-School in India or top 30 B-Schools in the world (if you are going for foreign universities).
- If you want to pursue your MBA in India, CAT and XAT are your best bet. You need to score high, as high as 99.99 percentile if you are a General student. Or else, if you want to do something in foreign country like USA, you need to score at least 700 plus in your GMAT.
- This is another option many do consider after B.Com. You can do the same. But M.Com is a master degree course. And you can choose many specializations Economics, Statistics, Finance, Business, Accounting etc.
- You won’t get much value out of it if you don’t take it further, meaning we’re talking about M.Phil. or PhD. You can take another approach as well.
- You can do your M.Com along with CA or any other courses if you agree to handle a bit of pressure on your shoulders and to remain on the safe side. Only M.Com has little or no value.
- Of course, from the perspective of education, you will get a ton of knowledge; but here we are evaluating everything from the perspective of making a career and getting a decent placement.
- Many students also go for ICWAI. It is the cost accounting course offered by Institute of Cost and Works Accountants of India. This is a valuable course, but it’s not as valuable as CA.
- Noticeably, many students go for it as there are good career opportunities after doing ICWAI. After doing ICWAI, you can go for M.Phil. or PhD or you can join as Financial Controller, Cost Controller, Chief Internal Auditor and Chief Accountant.
- The salary range would be around INR 4-6 lakhs per annum.
- You can join this course while doing your B.Com. There is foundation, intermediate and final courses you need to clear to be able to get the certification of ICWAI.
- CS is a completely different course than CA or ICWAI. It’s more about legal aspect of business and qualitative analyses. You need to be prepared to suggest the paths to the board of directors of the company and often will join as an Executive Secretary to MD or CEO. In case of CS, you need to clear Foundation, Executive and Final Courses. But the opportunities for Company Secretary course has immense potential.
Other Professional courses after B.Com
In the above section, we have discussed about the common choices students make to get going in their careers after their B.Com. But here’s the list of courses which a small percentage of students choose to do.
But they are beneficial too, if you take things into your stride and do them with utmost sincerity.
Let’s have a look at the
- One of most recognized international courses you can choose after you complete your B.Com. Certified Management Accountant (CMA) is offered by Institute of Certified Management Accountant.
- It’s more popular in US, but it has presence in over 100 countries in the world. Over the years, ICMA has been successful in producing a lot of high caliber students.
- The proof is if you complete your CMA after B.Com, you will be able to earn at least 33.33% more than any non-certified accountants.
- CMA is much more comprehensive than any other courses you can pursue after B.Com (other than CA & CS). Curriculum of CS concentrates on both management accounting and financial accounting.
- ICMA has made it very easy for its students to pursue and clear CMA. There are over 100 examination centres in the world.
- And to clear the exam, you only need to bother to appear for two exams. And each exam is of 4 hours duration.
- The exam will consist of 100 multiple choice questions and 2, 30 minute essay questions. But remember that it’s not easy to clear as it sounds. In June, 2015, the exam percentages for two exams are 14% (CMA Inter) and 17% (CMA Final) respectively.
- After B.Com, you feel confused and don’t know exactly what will give your career a lift! If you feel like this and want to become an accounting professional here is ACCA for you.
- ACCA is accredited by Association of Chartered Certified Accountants. It has been educating its students for a very long time. More than 436,000 students have already passed out of this certification. And it has a tremendous global repute; it’s in more than 180 countries in the world. Other than teaching you the technical part of accounting, it also teaches technical and management aspect as well.
- Obviously it’s not as easy as it sounds. You need to put in a bit more effort than normal. Of course, you want a great career and for that you need to clear four levels and 14 subjects in total. The fees for ACCA though is reasonable, around INR 50,000.
- Even the passing rate is around 50% if you take the average all levels and all papers together. If you want a global course under a small budget and want to have a great career in audit, tax or practice, this is the one to consider.
- This is one of the best international courses you can do after your B.Com. This is as good as a CA course. People who want to pursue a career in public enterprises must go for CPA.
- CPA is organized by American Institute of CPA (AICPA). According to AICPA, there is a difference in salary when you do CPA. You would get at least 15% more salary than non-certified accountants. To be able to become CPA, you need to sit for a mammoth exam of 14 hours.
- There are only four subjects to clear if you sit for CPA as follows- auditing & attestation (AUD), financial accounting & reporting (FAR), regulation (REG) and business environment concept (BEC).
- The First Steps
- These are the overview of courses an individual can definitely consider after completing B.Com. But having a lot of options is like being paralyzed by choices.
- So, how would you choose which one is right for you? For that you need to know your inclinations about certain subjects. If you are more inclined toward accounting, you should go for CA, CPA or ACCA.
- Or else, if you feel finance is your cup of tea, go for MBA in Finance from a reputed institute. Do some soul-search. It is always advisable to have good time management skills so that you have enough time to think about all your options and the one you opt to go with turns out to be the best one. courses after b.com