This article describes the possible career opportunities for B.Com students in India and the various professional courses available for commerce students after a degree in B.Com
Unlike Science Graduates, Commerce, Accounts and Finance graduates have versatile career opportunities. They could choose the traditional Accountancy job or could become a travel agent. It is purely personal choice and interest.
Before I go on to detail further, I did some job search research in google to understand what the resources/knowledge are offered to the students/fresher grads. The result was not up-to the expectation. First two pages were filled with “naukri, shine, timesjobs” etc., to apply for job openings advertised in their portal. Then, next few pages were filled with colleges advertisements offering B.Com courses. All freshers has some knowledge about good colleges to study and awareness about job portals like “naukri/monster” for job search.
What if the student wants to know about the career opportunity BEFORE graduating the degree? What if he/she is not interested to study traditional “CA” or “CS”, instead he/she is interested to join a company for many reasons, like – 1. family financial situation, 2. plan to go abroad after working few yrs in INDIA, 3. Plan to pursue higher studies after earning income on his/her own etc.,
Various Career Opportunities for B.Com graduates in Different Job industry in India:
How many colleges are educating the students that there are Career Opportunities for B.Com students, like
1.Risk Analyst: Credit Analyst, Market Analyst, Operational Risk Analyst, Regulatory Risk Analyst
2.Finance Analyst, Financial Adviser, Financial Trader
3.Banker, Investor, Corporate Finance
4.Tax/ Compliance Consultants
5.Insurance Consultants, Insurance Underwriter
Am sure not all the students have heard about the professions I have mentioned above.
List of Companies / Employers providing career opportunities for graduates with B.Com degree:
Lets see who are all interested to provide you various career opportunities for graduates with B.Com degree-
- Home loan companies like DHFL, AdityaBirla Home loans, PNB Housing etc
- Insurance companies like LIC, Bajaj Allianz, TATA AIG, Oriental Insurance etc.,
- Retail Banks Like HDFC Bank, ICICI Bank, IndusInd Bank, Axis Bank etc.,
- Investment Banks Like JPMorgan Chase, Citigroup, Deutsche bank, Kotak Mahindra etc.,
- Financial Firms such as Bajaj Capital, Birla Global Finance, HDFC, karvy group etc.,
- Risk Consulting Firms such as RiskPro, Axis Risk consultants, SGS India etc.,
- Privately traded companies in various industries like Kaizen Private equity, TATA Power trading, OSWAL group etc.,
- Publicly traded companies in various industries like BSE/NSE listed companies.
- Federal, provincial/state and municipal government departments.
Before Applying for Job, it is important to understand the difference between retail and investment banks, their products and offers, your scope to grow within the company. For example, HDFC Bank originally was a housing finance company, later developed to one of the India’s Leading Banking and financial company, servicing Retail Banking, wholesale Banking, Investment Banking, Investments and all loans. Likewise, You have to understand and research for all the employers listed above.
Professional Courses for Commerce Students
- ACCA (Association of Chartered Certified Accountants)
- BAT (Business Accounting And Taxation)
- Post Graduate Diploma In Foreign Trade (PGDIFT) – Curriculum covers International logistics and foreign exchange, Exchange of capital, goods, services, trade policies. Indian Economy and Trade dependencies. International financial management and Risk management with respect to foreign policy, foreign exchange,new global business, political and legal environment. Understand the concepts of cross-border trading and taxes.
- Post Graduate Diploma in Taxation – Domestic Tax, International Tax , Excise and customs, foreign trade policy, Live case studies/ practical illustrations, Direct Tax Code Regime, Analysis of recent landmark judicial rulings/ trends, Tax optimization & relevance of contract mechanics, Impact of Goods and Service tax Regime on Business.
- Post Graduate Diploma in Banking and Finance (PGDBF) – Indian Banking and Financial System, Marketing of Banking Services, Banking Regulations and Laws, Financial Institutes and Markets, MIS and Technology in Banking etc.,
- C.A. (Chartered Accountant)
- C.S. (Company Secretary)
- C.B.M. (Certified Business Manager)
- C.F.A. (Chartered Financial Analyst)
- C.F.P. (Certified Financial Planner)
- C.P.A. (Certified Public Accountant)
- C.M.A. (Certified Management Accountant)
- D.T.L. (Diploma In Taxation Laws)
- D.B.F.S. (Diploma In Banking and Financial Services)
- G.D.C & A. (Government Diploma in Co-Operation and Accountancy)
- I.B.P.S. (Clerk/PO)
- M.Com (Master of Commerce)
- M.A Economics
- Master of Commerce (E – Commerce)
- MRM (Master in Retail Management)
- MBA (Master of Business Administration)
- MBA in Finance
- MPM (Masters in Personnel Management)
- MBS (Master in Business Studies)
- MFA (Master of Financial Accounting)
- MIB (Master of International Business)
- M.C.A (Master of Computer Applications)
- M.C.M. (Master of Computer Management)
- M.M.M. (Masters in Marketing Management)
- P.G.D.C.M. (Post Graduate Diploma In Computer Management)
- P.G.D.M.M. (Post Graduate Diploma In Marketing Management)
My Blog is intended to provide as much as information to students before they graduate from college/University or even before joining college. Lets learn because ignorance costs.