This is the common question that is coming in your minds! After the completion of your B.Com (H) degree you may be worried about good career prospects. You may be wondering what to do after your B.Com (H) degree?
This article tries to explain the most rewarding careers that are available after B.Com (H) degree
Read till the end to know more
What is Commerce?
Commerce has long been one of the main streams of education in both India and abroad for a very good reason. In the growing countries like India there’s a lot of need for skilled business minds to look after the growing economy at all the levels. A career in the commerce field offers plenty of promises. The B.Com (H) students can find lucrative job opportunities in the different sectors of the economy.
Some of the rewarding career roles for B.Com (H) students are:
The Corporate Secretary (CS) ensures that all the company policies and government regulations are met properly. The Company Secretary is required to deal with personal finances and administration of the organization. They should advise the board of directors of the organizations on various company policies.
Skills Needed: The Corporate Secretary should have excellent communication skills along with administrative skills and the ability to analyze the financial data. The Company Secretary should be aware of all the recent rules and regulations formulated by the government. They should be well aware of the stock exchange markets, taxation and financial securities.
Cost and Works Accountant
The Cost and Works Accountant (CWA) performs audits for the organizations. The Cost and Work Accountants will certify the import and export documents. They act as executor, administrator, valuer and are also responsible to maintain the financial records in the organization. They also provide strategic investment advice to the company’s finances.
Skills Needed: The CWAs should be well versed to analyze financial data obtained. They are responsible to create, examine reports, audit and accurate maintenance. They should be aware of all the latest rules and regulations of the government.
Chartered Accountant (CA)
The Chartered Accountancy (CA) is one of the popular career choices chosen by many students. Becoming a chartered accountant is not an easy task. It requires an extreme level of talent to crack the CA exams, due to the high competition. The Chartered Accountancy offers a great career path, salary and respect among the people. The Chartered Accountants are responsible to manage the finances of an entity. The Chartered Accountants handle many tasks like managing financial accounts, budgeting, auditing, business strategy and taxation of an entity.
Skills Needed: The Chartered Accountants are required to be well versed with accounting and managerial skills. They should be capable of performing various tasks like financial reporting, financial analysis, auditing and taxation and should have a keen eye on detail.
Chartered Financial Analyst
The Chartered Financial Analysts (CFA) are responsible to counsel the companies and do business on their investments. They are responsible to collect data and create the records of stock performances and assist the clients to promote their products in the markets
Skills Needed: The Chartered Financial Analysts should have the capacity to analyze the financial data obtained. They should segregate the analysed data and keep the record of all the documents. They should be aware of computer softwares such as Oracle, SAP etc. The Chartered Financial Analyst should be good at decision-making skills. He/she should be capable of taking immediate decisions under pressure. He/she should know stock analysis and should have excellent communication skills.
The main role of the Insurance Underwriter is that he/she should be capable of evaluating the risk of insuring the individual. An Insurance Underwriter should ensure to set accurate premium amounts for the insurance holders according to their age and the insurance company regulations.
Skills Needed: The insurance underwriters should be good at communication skills, interpersonal communications, financial analysis and portfolio review. They are also required to have updated information about the current industry trends.
The investment bankers are responsible to secure the finances of the investors and counsel them on efficient investment plans. They help the investors to invest in stock brokerage, real-estate etc. They are responsible to manage the client’s financial assets and help them to invest smartly.
Skills Needed: They should have effective decision-making skills as they are required to make quick decisions under pressure. They should be well-versed with the latest financial and stock analysis; they should be having good communication skills. They should be prepared to work for long hours.
The role is similar to the insurance undertakers but it has some minor changes. The actuaries should be capable of managing the risks that are arising in the insurance sectors. The actuaries are responsible to provide the insurance amount to the policyholders in case of emergency. They are responsible to disburse the insurance amounts soon after claiming. They should be capable of handling emergencies.
Skills Needed: They should have effective decision-making skills as they are required to make quick decisions under emergencies. They should be capable of analysing the finances, statistics and also should be able to judge the probabilities.
The main responsibility of the logistic analyst is to streamline the finances and transport systems to create a productive and profitable business to an organization. They are required to implement new and innovative strategies to create multiple solutions and are responsible to implement them effectively.
Skills Needed: They should be well-versed with the competencies to analyze the statistics and processes. They should be capable of spotting details by lateral thinking and effective communication.
The role of the tax consultant is that he/she should be aware of all the types of taxations that are imposed by the government. They are required to help their clients to file their taxes to the government. They should guide the clients on the latest taxes and help them to declare their assets and liabilities to the government.
Skills Needed: They should be well aware of all the taxes that are imposed by the government. They should be well aware of rules and regulations about the Income Tax. They should be aware of the Income Tax guidelines and should communicate the same to the clients.
The financial consultants are required to advise on the various finance schemes to the clients. They ensure that the money is invested in proper channels so that it will give clients the financial support when needed. They can work in advisory firms or can set up their firms and work for the clients of both individuals and organizations.
Skills Needed: Financial consultants should be aware of all the financial trends in the markets. They should be capable of analysing the financial trends and assist their clients to make proper investments. They should be very good at decision-making and should be capable of making quick decisions under pressure.
The role of the stockbroker is to have a close look on the stocks and markets of the country. These stocks play a crucial role in countries' economics. So, they should have an eye on detail on all the stocks that are listed. They help the investors to buy and sell shares of various companies and to assist them to perform trade marketing.
Skills Needed: Stock Brokers should have in-depth knowledge of financial analysis. They should be capable of forecasting the markets based on the market trends. They should have excellent decision- making skills as they are required to make quick decisions under pressure.
The B.Com (H) has seen a surge increase in demand in the last decade. As more and more students are joining B.Com (H) courses in large numbers due to career opportunities that the commerce field provides. There are ample job opportunities for the B.Com (H) programme and the best performing students will always shine in their careers after their B.Com (H) and experience healthy and progressive career growth.
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