The Indian economy has tremendously over the last two decades which has spawned off several industries and verticals - tech, pharmaceuticals, healthcare, banking, finance, insurance, automotive etc. All these industries in common require professionals with skills in commerce, finance and accounting.
This is one of the reasons why a Bachelor’s Degree in Commerce (B.Com) has become one of the most sought after degree programs and a course of choice of some of the brightest students from across India. A B.Com degree has in fact become the go to course considering the wide range of opportunities it offers students in terms of further education and career choices. Post a B.Com, students can pursue several short term certificate courses or PG programs/ competitive exams. Students can get deeper into finance, move to marketing, or pursue careers in banking, insurance, stock markets or various other streams.
Organisations prefer B.Com students as they are best poised to evolve to become journalists. To begin with, they have a good foundation of finance and accounting and can adapt to lateral roles within the organisation better than students from most other streams. Also, B.Com is a 3 year degree that could act as a foundation to several other short term courses in the areas of finance, insurance, marketing, consulting, investment banking, wealth management, stock markets, and more.
Banking - Banking is a rapidly growing sector and both government and private sector banks recruit B.Com graduates as clerks, tellers or officers (on passing the required exam) or similar posts. Of course one would need additional qualification in terms of certification programs or internal exams which many of these organisations conduct. Banking offers excellent career opportunities including those for lateral entry.
Accounting - Accounting is an ‘eternal’ skill. B.Com graduates are hired by companies large and small in the public and private sector and have excellent scope to grow in this space. Any growing organisation needs to maintain its books of accounts, payables, salaries, vendor payments, GST filing, IT returns, and other matters related to GST and Income Tax.
Insurance - According to IBEF, India is the 5th largest insurance market in the world and is growing at a rate of 32-34% each year. B.Com students can pursue attractive careers in any of the leading insurance companies to promote a range of life or non-life insurance products.
Tax Auditors – After gaining sufficient experience in accounting, several B.Com graduates evolve to become tax consultants/ auditors. This involves helping individuals and businesses with filing their tax returns, GST submissions, refunds, processing claims etc. They can also take up several short term certificate courses to acquire more expertise.
Wealth Manager – Several professionals like doctors, tech consultants and lawyers prefer to handover their wealth management to professionals. These professionals invest their clients’ funds in stocks, shares, equity, mutual funds etc. assuring them of attractive returns. There are several courses available to equip finance professionals in this space.
Education - On completing your B.Com degree, you could pursue your B.Ed degree, a prerequisite to become a teacher in a government or a private school. You could pursue your M.Com degree, a two-year program and go on to become a lecturer in a government, aided, or private college. You could at a later stage, earn a PhD which qualifies you to occupy the position of a Head of the Department or the Dean or take up various other senior admin positions in an educational institution or university.
You could earn your MBA and pursue your career as a sales/ marketing/ project manager in any domain. This does offer excellent growth opportunities and you could leverage your financial grounding in this job.
Pursue your Chartered Accountancy (CA), one of India’s toughest and most respected competitive examinations that allows you to practice on your own or join a company. You will have excellent growth opportunities and could be a financial adviser or a CFO (Chief Financial Officer) of an organisation.
Becoming a Company Secretary (CS) is another option. The role is to ensure compliance and facilitate communication between the board of directors and other stakeholders, besides managing all necessary corporate records.
Other courses include Chartered Financial Analyst, US Certified Public Accounting (CPA), Business Accounting and Taxation (BAT), Certified Management Accountant, Financial Risk Manager, Association of Chartered Certified Accountants (ACCA) etc.
Several competitive exams demand that the candidate must have completed a basic 3-year, full time program from a recognised university. Post their successful completion of B.Com, individuals can appear for their UPSC exams, RBI, LIC-AAO, SBI PO, and various other public sector bank or government exams that provide direct employment into those respective departments.
Students of B.Com can take up courses in stock trading or forex trading and join stock trading companies or begin trading themselves. There are several stock broking companies that would need traders and analysts.
Then there are those new age careers! They could learn videography and video editing skills to become YouTubers, sharing their views on the stock market or other topics on finance, insurance or banking.
Dayananda Sagar College of Arts, Science, and Commerce (DSCASC), part of the Dayananda Sagar Group of Institutions, offers B.Com, a 3-year, full time program. We have the best B.Com specilization of finance and accounting. Students can learn industry-relevant skills with DSCASC's holistic curriculum and get many placement opportunities.
DSCASC prepares students to pursue careers in Accounting and Taxation, Auditing, Financial Analysis and Management and allied dispensation. The DSCASC course develops business analysts for companies, capital markets, commodity markets and securities markets; entrepreneurs for various sectors of the economy; develop ethical managers with interdisciplinary knowledge and effective communication skills, develop IT enabled global managers for solving real life business problems and addressing business development issues with a passion for quality competency and holistic approach.
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