The Most Common Choices
Chartered Accountant (CA)
One of the most common careers that cross every commerce student’s mind is CA. CA exams are conducted by Institute of Chartered Accountants (ICAI) and require one to clear 3 Examinations over the period of time that are CPT, IPCC and Final CA. Since you are done with your graduation, you are eligible to directly appear for IPCC which consists of two groups. After clearing one of the groups, a student is required to register for articles with experienced CA’s for a period of two and a half years. After clearing both groups of IPCC and successfully completing your articles you can appear for Final CA. Final CA again has two groups and after clearing both the groups, you can proudly affix the words CA before your name.
Masters of Commerce (M.Com)
Done with the B.Com now next what? I am sure most of you said M.Com. It is very common of students going for the Masters degree in Commerce after completing B.Com. It is a two year program and you can pursue it from any of the recognized institutes. M.Com is a program that focuses on systematic study of Accounting, Business, Finance, Economics, Statistics, Taxation, Marketing and Management and therefore it gives insights about all the fields.
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 totally depends on the credibility of the institute that you are pursuing from. If you are an IIM student then success will follow you to your doorsteps but doing MBA from an ordinary and not much renowned institute will only add numbers to the list of unemployed MBAs. The results of your CAT exams determine the institute where you can pursue the MBA program. It is a two year program on completion of which you can easily get job in financial service sector.
Certified Management Accountant (CMA)
If you have plans of going global or working in the Top MNCs then going for international certifications is the right choice for you. The CMA is offered by the Institute of Management Accountants (IMA) USA and the content is regularly reviewed by the Institute of Certified Management Accountants (ICMA). To become a CMA, a student is required to clear two examinations. CMA demonstrates your professional expertise in financial planning, analysis, control, decision support, and professional ethics – making you the preferred choice of the potential employers.
Certified Public Accounting (CPA)
A Certified Public Accountant (CPA) is the highest standard of competence in the field of Accountancy across the globe. The exam is administered by the American Institute of Certified Public Accountants (AICPA), which is the world’s largest accounting body. A CPA qualification is similar to the Indian CA qualification. In addition to the CA qualification, a CPA will have knowledge of US Generally Accepted Accounting Principles (GAAP), IFRS (International Financial Reporting Standards), Generally Accepted Accounting Standards (GAAS), US federal taxation and business laws. This gives great advantage to a CPA when working with US Based Financial firms or Indian firms working for US clients. This exam consists of 4 exams which can be completed within a period of less than a year. Pursuing CPA after completing CA, M.Com, CS, MBA in finance, ICWA can also help your career to a great extent.
Association of Chartered Certified Accountants (ACCA)
ACCA (Association of Chartered Certified Accountants) is the world’s leading and fastest-growing international accountancy organization with 162,000 members and 428,000 students in 173 countries. The ACCA qualification helps develop successful careers in the fields of accounting, banking, management and consulting, and is a major advantage in competing for senior roles. ACCA is considered to be very similar to CA but ACCA program provides you with additional knowledge about UK GAAP, IFRS and laws which makes ACCA superior to CA. To successfully complete your ACCA program you will need to clear 14 paper (lesser in case of Exemptions).
Business Accounting and Taxation (BAT)
Biggest problem for B.com Fresher’s, all the jobs that we like – need some work experience in Finance & Accounts, without work experience jobs are mostly in BPOs, Back office or Sales. So what can one do?
We at EduPristine have researched and have successfully designed a course will give you the practical understanding of accounting, taxation, reporting and compliance all the skills that you need in accounting firms (Big 4s), KPOs or other hard core finance and account profiles.
Right from understanding the basic journal entry, final accounts, tax compliances, we will also help you to enhance your soft skills (business communication), understanding advanced Excel and technology used in industry, the most essential, SAP training.