Hi Abhijit,

Thanks for A2A.

Most students generally chosse MBA as a further step after B Com as they are very much similr and open scope for wider range of options. For this you need to write entrance exams like CAT, XAt, MAT, NMAT, SNAP, IIFT etc. You can google and find out more about these exams.

Another career option that a few people choose is to do CA and become a Chartered Accountant. A government certified CA can earn well and be well settle in a good job.

Mostly MBA is the preferred domain as people can grow to leadership roles from this field.

Hope this helps

All the best

Chartered Accountant (CA)

One of the most common careers for commerce students is CA. CA exams are conducted by the Institute of Chartered Accountants (ICAI) and require one to clear three examinations viz. CPT, IPCC and Final CA. IPCC exam consists of two groups. After clearing one of the groups, a student is required to register for articleship with an experienced Chartered Accountant for a period of at least two and a half years. After clearing both groups of IPCC and successfully completing your articleship you can appear for the Final CA exam. Like IPCC, Final CA has two groups as well. After clearing both the groups, you can proudly affix CA before your name.

Eligibility: Graduation + 2.5 years of work experience

Duration: 3 years

Top employers: HDFC, Deloitte, EY, Tata, Accenture

Avg. salary range: 7 lacs to 20 lacs (Source: PayScale)

Masters of Commerce (M.Com)

Done with B.Com. What next? We are sure most of you said M.Com. It is very common for students to go for the master’s degree in Commerce after completing B.Com. You can pursue it from any recognized institute. M.Com is a program that focuses on a systematic study of Accounting, Business, Finance, Economics, Statistics, Taxation, Marketing and Management.

Eligibility: Graduation

Duration: 2 years

Top employers: TCS, Infosys BOP, Genpact, EY, WNS Global Services

Avg. salary range: 3 lacs to 5 lacs (Source: PayScale)

Masters of Business Administration (MBA in Finance)

There is always someone in the family who will advise you to pursue MBA. A good career in MBA mostly depends on the credibility of the institute it is pursued at. If you are an IIM student, then success will follow you to your doorsteps but doing MBA from an ordinary or a less renowned institute, might not add much value to you resume. The first step for MBA is the CAT (Common Admission Test) exam. CAT scores determine your eligibility in almost all the top MBA institutes.

Eligibility: Graduation and above

Duration: 3 years

Dear Aspirant,

As you are a commerce graduate you can choose the following career options,

* Chartered Accountant (CA)

The eligibility requirement to become a Chartered Accountant:

1. A candidate is eligible for enrolment to Accounting Technician Course (ATC) on passing the Common Proficiency Test and Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.

2. A candidate who has already passed Entrance Examination or Foundation Examination or Professional Education (Examination-I) shall be eligible for enrolment to Accounting Technician Course subject to complying with relevant conditions.

3. A candidate who was already registered for erstwhile Intermediate/ Professional Education (Course-II)/ Intermediate (Professional Competence) Course shall be eligible for enrolment to Accounting Technician Course subject to complying with relevant conditions. Students who have registered for the Intermediate (IPC) course without the option of ATC can also opt Accounting Technician Course subsequently.

Procedure to become a Chartered accountant after 12th

Step1: Start CA Course through CPT Route after passing Class 10th

Register with the Institute of Chartered Accountants of India (ICAI) for the Common Proficiency Test (CPT) after passing the 10th class exams and take the exam after completing High School (Grade 12).For CPT there are four subjects which you have to test for: Accounts, Law, Economics and Quantitative Analysis. A 200 marks exam in which you have to score a 100 to be eligible to proceed means you have to achieve 50%.

Step2: Registration for Integrated Professional Competence Course (IPCC)

In order to register for the Integrated Professional Competence Course (IPCC), the candidate should pass both CPT and 12th class. Registration for the IPCC should be done nine months prior to the first day of the month in which examination is held. IPCC is a 700 marks subjective exam which has 7 subjects and to clear that you have you have to score 40 marks in each and get an over all aggregate of 50% or above. IPCC has 2 groups of subjects, group 1 having four papers Accounts, Law, Taxation and Costing&FM and group 2 has three papers which are Audit, IT&SM, and Advanced Accountancy. If you get more than 60 in any subject, you get an exemption which means that if you fail, you don’t have to repeat that paper in the next attempt.

Step3: Articleship

After slogging and clearing the IPCC exam came the Articleship. Articleship is a 3-year long internship which you have to complete along with the Final CA exam. In this, you have to work under a qualified CA for 3 years

Step4: Registration for CA Final Course:

The candidate can appear for the CA final examination during the last 6 months of 3 years of articled training. Enroll as a member of ICAI and designate as “Chartered Accountant”.

* Masters of Commerce (M.Com)

Eligibility for M.Com is 50% marks in UG from a recognized University

Other sectors where an M Com graduate can seek jobs include:

Auditing

Banking and finance

Electronic marketing

Funds management

Management consulting

Stock Broking

* Masters of Business Administration (MBA)

Specializations are available for MBA:-

1)      Marketing

2)      Finance

3)      Human Resource

4)      International Business

5)      Systems

6)      Operations

7)      Logistics and SCM

8)      Aviation

Eligibility for MBA is 50% marks in UG from a recognized University. You may also crack the national level tests like CAT, XAT, GMAT, JMET, and MAT or the like. If this is not cleared, then you can appear for the entrance examination of the university or college where you are seeking the admission.

Employment Areas

Banks.

Business Consultancies.

Brand & Marketing.

Non-profit Organizations.

Personal Business.

Educational Institutes.

Export Companies.

Financial Organizations.

Industrial Houses.

Multinational Companies.

Job Types

Account Manager.

Brand Manager.

Card Payments Operations Head.

Equity Research Analysts.

HR Generalist Business Partner.

Management Consultant.

Marketing Manager.

IT Services Marketing Head.

Project Managers.

Recruitment Manager.

Vice President - Investment Banking.

Zonal Business Manager - Telecom.

Following reputed institutes are providing M.com and MBA courses, Jain University, Amity University, SRM University, and Lovely Professional University.

Good Luck.

Hello Abhijit Vijay Shinde

Here some carrier option after B.COM with high salary

• Chartered Accountant (CA)

Avg. salary range: 7 lacs to 20 lacs (Source: PayScale)

• Masters of Commerce (M.Com)

Avg. salary range: 3 lacs to 5 lacs (Source: PayScale)

• Masters of Business Administration (MBA in Finance)

Avg. salary range: 6 lacs to 10 lacs (Source: PayScale)

• Certified Management Accountant (CMA)

Avg. salary range: 5 lacs to 8 lacs (Source: PayScale)

• Chartered Financial Analyst (CFA)

Avg. salary range: 6.5 lacs to 18 lacs (Source: PayScale)

• US Certified Public Accounting (CPA)

Avg. salary range: 7 lacs to 20 lacs (Source: PayScale)

• Financial Risk Manager (FRM)

Avg. salary range: 10 lacs to 18 lacs (Source: PayScale)

Regards

Hi Abhijit.

Greetings.

Your best career option after b.com will be MBA,CFA,CPA,ACCA.FRM and M.COM.There is no option that you will get all your easy jobs.For achieving something one has to work hard a lot.

All the Best.