A B.Com degree is not a common degree these days. Initially a B.Com degree meant nothing as far as getting employed was concerned but now with the specializations a B.Com degree has gained importance and it also train the students on the employability skills Obtaining a degree does not guarantee a successful career following a B.Com in Financial Management. However, just obtaining a degree will not do any good until a PG course or a professional masters course is pursued. In order to work after the B.Com degree, students should do some professional course like MBA or CA as under:
- Master of Business Administration (MBA)
The most popular and finest course following B.Com for students in all fields, not just those with a degree in business, is the MBA. Depending on the specialisation you select, you will study how to handle every part of a business in this course. You must pass the Common Admission Test (CAT) in order to get an MBA. Which college you are admitted to depends on your CAT score. It is among the greatest post-B.Com. Employment alternatives. An MBA is advised after two to three years of employment. You can enrol in an MBA course through NMIMS & upGrad if you are unable to pursue an MBA full-time due to a variety of factors. Several global corporations hire recent MBA graduates, and the starting compensation is between 5 lakhs and 25 lakhs per year.
- CA (Chartered Accountancy)
Students can enrol in CA as soon as they graduate from high school, unlike an MBA. They can also become a certified chartered accountant after passing all three levels and a 2.5-year internship. It is possibly one of the top post-bac employment alternatives.
This three-year programme can help you find employment with major corporations like EY or Deloitte. It is one of the greatest courses to do after B.Com because you can use your degree and start your own CA firm.
- Com (Master of Commerce)
The master’s programme in commerce is called M.Com.. In addition to business, this specialisation concentrates on a number of other subjects, including accounting, business management, economics, banking and finance, finance and control, and taxation. The M.Com degree is the best option for students who want to work in the accounting and taxation fields or in the BFSI (banking, financial services, and insurance) industry.
- Chartered Financial Analyst (CFA)
The CFA Institute offers the widely respected professional qualification known as “Chartered Financial Analyst” (CFA). The CFA programme is intended to evaluate and certify the proficiency and integrity of financial analysts, and it typically lasts 2.5 years. The CFA course covers a broad range of subjects in the area of advanced investment analysis, making it one of the best courses available after B.Com. These subjects include statistics, economics, probability theory, corporate finance, security analysis, financial analysis, fixed income, derivatives, alternative investments, and portfolio management, among others. There are various colleges offering this course in Nashik. This is one of the best financial management course in Nashik.
You must pass a three-tiered exam in order to get the title of CFA. Given that CFA is widely regarded as the highest standard in
- Business Accounting and Taxation (BAT)
Having trouble determining what to do after earning a B.Com? A course called the Business Accounting and Taxation (BAT) Course was carefully created by specialists in the field to prepare students for careers in accounting. For B.Com. graduates, it is a fantastic career choice. The learning modules for the course cover subjects including payroll components, ESIC, Excel and MIS reporting, goods and service tax (GST), finalizing financial statements, and financial reporting utilizing ERP software. There are many finance colleges in Nashik offering this course.
- Certified Management Accountant (CMA)
CMA is the answer if you are thinking about a career after B.Com abroad. For this course, you will have to clear two stages of examinations along with work experience of 2 years.
The Certified Management Accountant (CMA) is another globally acknowledged professional certification credential that is offered by the Institute of Management Accountants in the USA. To be a CMA-certified professional, you must clear two stages of examination and also have work experience of two years.
After obtaining the CMA certification, you can find employment opportunities in organizations of all sizes and across all industries. From public and private enterprises and not-for-profit organizations to academic institutions, government entities (USA), and MNCs—CFA-certified professionals are always in-demand.
- US-Certified Public Accounting (CPA)
The Certified Public Accountant professional title is another on our list that is well recognised. 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 acquainted with generally accepted accounting concepts in order to enrol in this course (GAAP). You need a strong foundation in accounting, a lot of study (at least 150 hours), and you have to pass a difficult four-part exam to become a CPA.
For the purpose of informing investors about the financial health of businesses and enterprises, CPAs are in charge of creating financial statement audits and other attestation services. Additionally, they provide both businesses and individuals with tax and financial planning guidance. Their main responsibility is to offer financial reporting and advisory services to promote informed decision-making.
- Financial Risk Manager (FRM)
FRM is a great choice for a reputable degree in banking and finance. The Global Association of Risk Professionals (GARP) grants the title of Financial Risk Manager (FRM). In the financial and risk management fields, it is the gold standard. If you are awarded this certification, it shows that you have a solid understanding of risk management ideas in the current, dynamic financial market. Nine months is a fairly brief amount of time for this training. You must finish the FRM programme offered by GARP in order to become an FRM-certified practitioner. Exams are typically given twice, in May and November. After a B.Com, FRM is among the best courses. The primary responsibility of a financial risk manager is to detect and evaluate risks to the company’s assets, earning potential, and employment opportunities.
Conclusion
In conclusion, it can be said that there are various job roles in which one can work in after pursuing their B.Com in Financial Management. The roles are diverse and require different responsibilities. The B.Com in Financial Management prepares the students for all these roles and helps them to get employment opportunities. So what are you waiting for? Come, join the course soon!