Top 6 Career Options after BAF - Eligibility, Salary
A Bachelor of Accounting and Finance (BAF) is a three-year undergraduate programme that offers an in-depth understanding of auditing, financial accounting, taxation law, and risk management. There are several career opportunities in finance and accounting. The number of jobs for commerce graduates has grown significantly in recent years, which is projected to continue.
Also read: BAF Course Scope
Best Career Options after BAF (Bachelor of Accounting and Finance)
After earning a BAF, one can pursue career opportunities after BAF in both the business and public sectors. In India, the BAF graduate salary in the government sector is lower than in the private sector, which depends on several factors such as government policy, plans, and taxation. In this article, we have mentioned some of the popular career options after BAF course.
1. Chartered Financial Analyst (CFA)
A Chartered Financial Analyst (CFA) is a professional who focuses on investment management and financial analysis. CFAs are skilled in Research, portfolio management and ethical standards. A CFA title significantly enhances job options in investment banking, asset management and financial consulting.
2. Financial Risk Manager (FRM)
A Financial Risk Manager (FRM) is a professional responsible for identifying and managing financial risks. He or she is an expert in operational, liquidity, market and credit risks. He or she is important to banks, investment firms and corporations to ensure financial stability and make wise risk management decisions.
Also read: FRM Certification
3. Tax Assistant
A Tax Assistant is a professional who assists tax experts with tax return preparation and performs research. He or she also helps in assisting with compliance operations in the private and governmental sectors. The average salary of a Tax Assistant is Rs. 3-4 lakhs per annum. This is one of the top job opportunities after BAF.
4. Audit Associate Trainee
An Audit Associate Trainee is a professional who helps in assisting with auditing processes and reviewing financial documents. He or she also understands auditing standards in private enterprises and government audit departments. The average salary of an Audit Associate Trainee is around Rs. 3- Rs. 4 lakhs per annum.
5. Certified Management Accountant
A CMA is a professional who focuses on account management and strategic planning. He or she is skilled in budgeting, performance management, cost management and decision support. CMA course is divided into three levels: Foundation, Intermediate, and Final. It aims to provide financial, accounting, legal, and management expertise.
6. Financial Planner Assistant
A Financial Planner Assistant is a professional who helps in assisting with financial planning tasks and creating basic financial plans. He or she also facilitates client contacts in commercial financial consulting businesses or government financial planning offices. The average salary of a Financial Planner Assistant is Rs. 3 lakhs per annum.
Salary Trends after BAF
The salary is determined by several criteria including the candidate's experience and the job description selected by the candidate. As the candidate gains experience, his or her income will improve. In the table below, we have covered the best career options after BAF in India with salary.
Job Profiles | Educational Requirement | Average Annual Salary |
|---|---|---|
Tax Assistant | Bachelor’s degree after 10+2 | Rs. 3.5 Lakhs |
Audit Associate Trainee | Bachelor’s degree after 10+2 | Rs. 3.5 Lakhs |
Financial Planner Assistant | Bachelor’s degree after 10+2 | Rs. 3 Lakhs |
Chartered Financial Analyst(CFA) | Bachelor's Degree after 10+2 followed by CFA certification. | Rs. 6.5 Lakhs |
Financial Risk Manager(FRM) | Bachelor's Degree after 10+2 followed by FRM certification. | Rs. 7.5 Lakhs |
Conclusion
A BAF degree leads to a variety of professional opportunities in accounting, finance, auditing, taxation, and banking. Graduates can pursue careers as financial analysts, accountants, auditors, tax consultants, or bankers. The degree provides students with the necessary financial abilities and makes them employable in a variety of businesses.
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Frequently Asked Questions (FAQs)
BAF Graduates can find several positions in both the public and commercial sectors. Auditors, accountants, finance managers, financial analysts, export or import managers, tax consultants, and stockbrokers are just a few of the many professions.
Students can pursue a wide range of careers in fields like banking, actuarial firms, auditing, accounting, taxation, economics, e-commerce, business analysis, financial management, actuarial services, and financial planning after earning a BAF degree.
You have the option to pursue postgraduate Human Resource Management courses as careers after BAF.
Maths is a compulsory subject in Bachelor of Accounting and Finance course.
BBA graduates can make between Rs 3 and 6 LPA. The average salary range for BAF graduates is between INR 2.5 and 3 LPA.