What are the career & job prospects in India and abroad for B.Com in Finance and Accountancy?

manpreet Best Answer 2 years ago

The field of accounting is challenging and exciting. It is the field where one becomes familiar with the very finer points of business. So, it becomes a platform for many senior level positions to start with it. The job of accountant is always in demand. Taxes, audits, and book keeping and overall the business scandals keep the demand of accountants hot. The discipline of Accounting revolves around the mechanism of business track, its income and assets. The domain of accounting encompasses activities like preparing of financial statement, costs computing, mergers & acquisition, recording of business transaction, quality management, tax strategy, etc. Options after B.Com: Chartered Accountant (CA) Most commerce graduates pursue CA, which is a lucrative career option since it renders them with multiple opportunities be it working as a chartered accountant in a big firm or working as an auditor (both internal and external). As an auditor you will need to work with several clients and check financial statements; chances are with a good CA rank you can enter the top-most banks in the world. You need to clear three examinations for a CA degree Common Proficiency Test (CPT), Integrated Professional Competence Course (IPCC) and Final CA which are conducted by the Institute of Chartered Accountants (ICAI). CPT is an entry-level test; a commerce graduate can directly apply for IPCC exam and after completing its two groups can move to Final CA. Once you complete all levels of Final CA, Congratulations! You are a registered CA degree holder now. A CA can have a great career as an investment consultant or as a fund manager in the long run. B.Com graduates with a CPT score can opt for a Chartered Financial Analyst (CFA) degree abroad at a recognized university; it comes with some prerequisites which you have to fulfil. Masters of Commerce (M.Com) This is a two-year programme. Fresh graduates or students who have completed the Final CA programme are eligible for this degree. This is a broad field to study, which covers areas like accounting, actuarial sciences, economics, statistics, finance and others. M.Com graduates are usually employed in fields like marketing, project management and others. You can also opt for your PhD after completing M.Com.