Accounting and Finance are at the heart of any organization. They scale up as the organization grows bigger and better. No matter what kind of company you run or work in, you must pay the employees, spend on the assets, manage expenditures, and calculate profits.
Are you still pursuing the B. Com. Course, or are you a graduate figuring out which opportunities are right for you?
In any case, the job market today is very different from five years ago. Then, companies needed employees with a master’s degree for most roles. Now, organizations are looking for talented resources rather than checking up on their degrees.
Top 10 Jobs Opportunities After B.Com. Accounting & Finance Degree
1. Accountant:
It’s the most commonly pursued career in the B. Com. Graduates. They usually become a junior accountant at the beginning. Their tasks are to maintain financial records and analyze balance sheets. Accountants also create special reports that give the financial status of the company.
2. Finance Manager:
The primary role of a finance manager is to handle the client’s assets according to their investment needs. They will take care of the client’s financial portfolio and manage it so they don’t incur losses.
3. Financial Analyst:
A Financial Analyst will analyze data to create company statistics on profit, stability and other prospects. Doing the research and then creating reports will be the prime job description for this role.
4. Account Executive:
They mainly help the organization find leads, close the sales and help existing clients. They create sales strategies and promote the product and its advantages to the client. It is more of a client-facing role than sitting on your machine kind of a job.
5. Chartered Accountant:
This is the most sought-after job in this domain. A person has to crack the CPT, IPCC and CA exams (all three) to become a CA. A CA could work for a big firm or himself out of his office. There are several opportunities for a full-fledged CA.
6. Senior Accountant:
You become a Senior Accountant after getting promoted from the junior position. This job requires you to prepare balance sheets, revenue, and expenses to create financial sheets for a financial audit.
7. Assistant Finance Manager:
An Assistant Finance Manager prepares financial and business forms to check account balances and handle purchases. They also perform routine calculations to produce reports as requested by the finance manager.
8. Operations Manager:
The Operations Manager handles high-level HR duties, such as setting up the hiring process, attracting talent, and setting up a training manual. They also help set up organizational processes and suggest policy changes to HR.
9. Account Manager:
An Account Manager handles clients and their sales. They sustain the organization’s existing relationships with a group of clients.
10. Financial Controller:
A Financial Controller is responsible for maintaining accounts and overseeing that the company is not overshooting its expense budget. They can also perform cash management functions by handling reimbursements, account payables and payroll-related things.
Government Jobs After B. Com Accounting & Finance Degree
With a B. Com degree specializing in Accounting and Finance, numerous government job opportunities await graduates. This degree equips individuals with a strong foundation in financial management, taxation, auditing, and accounting principles, making them suitable candidates for various roles in the public sector.
5 Government Jobs After B. Com in Accounting & Finance:
- Accountant/Auditor in Government Departments: Responsibilities include maintaining financial records, preparing reports, auditing accounts, and ensuring compliance with government regulations.
- Tax Assistant/Tax Inspector: Involves assessing tax liabilities, conducting tax audits, assisting in tax planning, and ensuring adherence to tax laws and regulations.
- Bank Probationary Officer (PO): Banks conduct recruitment for Probationary Officers, involving tasks like customer relations, branch management, loan processing, and financial analysis.
- Government Financial Analyst: Involves analyzing budgets, and financial trends, conducting cost-benefit analyses, and providing financial insights for government projects.
- Civil Services: To work in civil services, candidates must qualify in exams like UPSC Civil Services, State PSCs, or SSC CGL or open avenues for roles in administrative services, taxation, accounts, and finance within the government.
- Assistant Accounts Officer (AAO) in Government Organizations: Responsibilities include handling accounts, budgeting, and financial management in various government departments.
Jobs for B. Com Accounting & Finance Graduate Fresher’s
As fresh graduates with a B. Com degree in Accounting and Finance, several entry-level job opportunities awaits in various industries. Accounting and Finance graduates have foundational knowledge in financial accounting, auditing, taxation, and financial management. Graduates are poised to begin working in diverse roles within the financial sector and beyond.
Here are some potential job options for B. Com Accounting & Finance graduates:
- Financial Analyst
- Accountant
- Auditor
- Tax Consultant
- Financial Planner
- Investment Analyst
Courses After B. Com Accounting & Finance Degree for Better Career Options
Completing a B. Com in Accounting and Finance lays a strong foundation, but further specialized education can significantly broaden career prospects. Here are various courses and certifications tailored to augment your career path:
Professional Courses After B. Com Accounting & Finance Degree:
- Chartered Accountancy (CA): Provides in-depth knowledge in accounting, auditing, taxation, and financial management.
- Certified Management Accountant (CMA): Focuses on management accounting, financial analysis, and strategic planning.
- Financial Risk Manager (FRM): Specializes in risk management, focusing on financial markets and products.
- SAP Financial Accounting (SAP FI): Offers expertise in SAP software for financial accounting and reporting.
- Certified Public Accountant (CPA): Focuses on accounting principles, auditing, taxation, and business laws in the United States.
Postgraduate Courses After B. Com Accounting & Finance Degree:
- Master of Commerce (M. Com): Offers advanced study in accounting, finance, and related fields.
- Master of Business Administration (MBA): Finance: Provides broader business management skills with a finance specialization.
- Master of Finance & Control (MFC): Focuses on financial management, investment analysis, and control systems.
- Master of Financial Management (MFM): Emphasizes financial decision-making and risk management.
- Post Graduate Diploma in Banking & Finance: Offers specialized knowledge in banking operations and financial services.
Certifications After B. Com Accounting & Finance Degree:
- Diploma in International Financial Reporting (DipIFR): Focuses on international accounting standards.
- Certificate in Investment Banking: Covers financial modelling, valuation, and investment strategies.
- Certification in Risk Management Assurance (CRMA): Specializes in risk management and internal audit.
- Diploma in Treasury, Investment & Risk Management (DTIRM): Focuses on treasury management and investment strategies.
- Certification in Data Analytics: Offers skills in data analysis and financial modelling using analytical tools.
Other Options After B. Com Accounting & Finance Degree:
- Diploma in Taxation Laws: Covers taxation laws and procedures in-depth.
- Certification in Financial Planning: Focuses on financial planning, wealth management, and retirement planning.
- Diploma in Corporate Finance: Specializes in corporate finance, mergers, acquisitions, and corporate restructuring.
- Certificate in Forensic Accounting & Fraud Detection: Focuses on fraud examination and forensic accounting techniques.
- Diploma in Business Analytics: Offers skills in analytics and data-driven decision-making in finance.
Read Also, What Are the Career Options For B. Com Graduates?
Conclusion
By delving into professional courses, postgraduate studies, certifications, or other specialized options, individuals can work on their skill sets to meet industry demands, exploring avenues in accounting, finance, risk management, and beyond. The evolving financial landscape requires continual upskilling and adaptability, and these educational pathways serve as bridges to fulfilling and lucrative career prospects.
So, if you have completed your graduation or are on the brink of finishing it, the opportunities are plenty, and will remain so in the coming future. All you need to decide is what profile fascinates you and work towards that accordingly. You may also start as an intern in organizations where they give you a Pre Placement Offer.
Starting is necessary. Everything else will fall in place once you start working.
To know if B.Com. At ASMs IMCOST is the right place for you, fill out the enquiry form. Our counsellors will get in touch with you.
