7 Rewarding Career Options with a Degree in Commerce Field

Education

At the point when you choose a degree college for yourself, you’ll need to settle on your major eventually, and what is the best degree to get. While it is very common for candidates to change their major during their college life, the activity prospects and profession development potential in the worldwide economy esteems what majors are viewed as the best degrees to get. When you are looking for the best degree colleges in Hyderabad, your first preference should be Rachnoutsav College of Commerce & Management, which offers variousdegree courses in commerce field.

While it is of most extreme significance that you pick a degree that you’re really keen on and see yourself in a related career, it is additionally helpful to recognize what are the top degrees sought after so when you graduate, your odds of getting work normally increases.

Why Does a Degree Matter?

A degree signals to employers that you can stay committed and work through years of subject matter to become well-versed in a topic. It also shows employers that you have many skills that are transferable in the workplace, such as: time management, problem-solving, critical thinking, communication, and more.

For certain professions, a degree is completely essential, while others might be more permissive in tolerating candidates without a degree.However, having a degree can help to secure a higher paying job and also open the door to more career opportunities.

Career Options after a B.com degree:

  1. Company Secretary:

– Requires ICSA certification

The Job: A CS ensures that each one company policies and government regulations are being met. This includes handling personnel, finances and administration. they need to also advise the board of directors and institute changes that they create within the company.

Skills required: Due to the ‘all round’ nature of the work, a corporation secretary must have excellent communication and administrative skills alongside the power to research financial data. He/she should even be conscious of the present government laws regarding stock market, taxation and securities.

Salary: The median annual wage for a company secretary is Rs. 5, 04,939. With 10 years of experience, the remuneration is often as high as 14 lakhs.

  1. Chartered Accountant:

– Needs ICAI certification

The Job: collection, validating, analysing and coverage the finances of companies and people. This also includes testing money systems, analysing potential risks and also the hindrance and detection of economic fraud. CAs additionally advises shoppers on managing and planning strategies for his or her finances.

Skills Required: As a hired accountant, you may want account management, money coverage, financial analysis, auditing and taxation skills and a keen eye for detail.

Salary: reckoning on the amount of expertise, your pay are going to be anyplace from Rs. 2, 90,550 – Rs. 13, 93,691 per annum.

  1. Company Financial Analyst:
  • ICFAI certification required

The Job: CFAs suggest corporations and commercial enterprise on their investments. They acquire facts and create data of inventory performances and help their purchaser with inside the quality manner to promote products/offerings the use of their analyses of such information.

Skills Required: The fundamental talent a CFA wishes to have is economic evaluation however right file maintaining is additionally important. CFAs ought to additionally be nicely versed in laptop software program such as Oracle and SAP and file maintenance.

Salary: The country wide common profit per annum for CFAs is Rs. 6, 05,000. As a certified graduate with IT skills, your wages may be among Rs. 2, 36,080 –Rs. 2,162,489.

  1. Actuary:

– Requires CAT certification

The Job: Similar in function to an underwriter, actuaries measure and manage risks for insurance purposes; often with immediate consequences (risks include theft, fire, natural disasters).

Skills: Analysing finances, statistics and probabilities.

Salary: Actuaries earn between Rs. 2, 98,821 – Rs. 41, 80,087 a year, with the national average in India being Rs. 9, 84,823.

  1. Cost & Works Accountant:

– Requires ICWAI certification and a license to figure within the public sector.

The Job: Certified CWAs cost audit for companies, certify import and export documents, act as executor, administrator, valuer and maintain financial records. They also provide strategic investment advice for the company’s finances.

Skills Required: Analysing financial data, creating and examining reports, auditing and accurate record maintenance. CWAs must remember of state and company policies.

Salary: counting on whether you’ve got an m.com degree or a b.com degree you’ll expect to earn between Rs. 1, 44,711 – Rs. 8, 26,107. India features a shortage of fully qualified CWAs, so employers will likely be very obliging.

Regardless of whether you decide to have some expertise in a particular financial profession or just do a BCOM, BBM, MCOM or CFA program, your trade degree will compensate you with its unending extension and splendid chances. Presently all you need is the ideal working environment!

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