What after a Diploma in Commercial Practice?
The students after completing Diploma in Commercial Practice can join PUC or 12th in commerce field. They can even join B.Com courses of their choice.
- Apart from this there are a good number of job openings available for diploma in commercial practice students.
- The skilled diploma in commercial practice students are hired in both public and private sectors.
- They are hired in a number of job roles. This is one of the non-technical diploma programmes that is gaining importance in the last decade and it is anticipated to grow further in coming days.
Some of the job roles available after diploma in commercial practice
Cost and Works Accountant: Roles & Responsibilities
- The Cost and Works Accountant (CWA) performs audits for the organizations and are responsible to 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.
- They are required to meet and coordinate with clients to discuss and identify their advertising requirements
- They are responsible to work with the account manager to brief media, creative and research staff and assist with the formulation of marketing strategies
- They are required to coordinate with, and act as the link between, the client and the advertising agency by maintaining regular contact with both
- They are required to write client reports and schedule client meetings
Salary and Emoluments
The fresh diploma in commercial practice salary will be around 1.5 lakhs to 2.5 lakhs per annum as cost and work accountants, the experienced professionals will be earning around 2.5 lakhs to 3.5 lakhs per annum.
Assistant Actuary: Roles & Responsibilities
- The assistant actuary will be learning the various techniques involved in analysing the data, evaluating the financial risks and communicating this information to the non-specialists.
- They normally work in insurance companies and they deal with insurance policy premium amounts for a customer.
- The assistant actuary evaluates, manages and advises on financial risks in the insurance companies.
- They are expected to use their knowledge of business and economics together with their understanding of probability theory, statistics and investment theory, to provide strategic commercial and financial advice to their clients or organisations.
- The actuary will be dealing with financial and statistical theories to assess the livelihood of a particular individual and their possible financial costs.
- They are required to use mathematical modelling techniques and statistical concepts to determine probability and assess the risks such as analysing pension scheme liabilities to price commercial insurance
- They are required to Analysing statistical data in order to calculate for example, accident rates for particular groups of people
Salary and Emoluments
The fresh diploma in commercial practice students will be earning around 1.5 lakhs to 2.5 lakhs per annum as assistant actuary, the experienced professionals will be earning around 2.5 lakhs to 3.5 lakhs per annum.
External Auditor: Roles & Responsibilities
- External Auditors combine first-rate people skills with a high level of attention to detail to help business of all types and sized achieve their performance potential
- The external auditors are required to examine financial records and other data to provide businesses, their investors and market regulators with a clear picture of how they are performing.
- They are required to observe stock takes and business procedures
Salary and Emoluments
The fresh diploma in commercial practice will be easily earning around 2 lakhs to 3 lakhs per annum as external auditors, the experienced professionals will be earning around 3 lakhs to 4 lakhs per annum.
Business Advisor: Roles & Responsibilities
- The business advisors are responsible to support business and the ability to use the experiences that are gained in the profession across a range of specialisations.
- The business advisors will be providing information, support, coaching, advice and guidance to business clients like individuals or huge organisations.
- The business advisor is responsible to provide support for a business to grow, scale up, change or diversify their business model.
- The business advisors are expected to possess an in-depth understanding of the business support landscape and the ability to advice businesses on the range of options available
- They are expected to develop a professional network of associates who can provide a broad range of business and enterprise
- They are required to attend meetings with networks and associates to ensure you keep up to data with global, national, regional and local business support initiatives to ensure your client benefit
- They are required to communicate with clients, networks and associates
Salary and Emoluments
The fresh diploma in commercial practice students will be earning around 1.5 lakhs to 2.5 lakhs per annum as business advisors. The experienced professionals will be earning around 2.5 lakhs to 3.5 lakhs per annum.
How to get admission to Diploma in Commercial Practice course colleges in Bangalore ?
- The diploma in commercial practice course is one of the most popular courses that is making some noise in the current industry.
- There is a huge demand for this course, the chances are high that seats may run out very fast and many students may miss the chance of joining this course due to unconventional methods like waiting.
- In order to avoid this the students can opt for Direct admission packages under NRI/Management Quota from Galaxy Education.
- The desired students can directly contact us to pre book your seats in top diploma in commercial practice colleges in Bangalore under direct admission mode, so that you will be having the confirmed admissions even before the academic year starts.
Final Lines
There are a certain good number of job roles available after the completion of a diploma in commercial practice. The students in the commercial practice course are usually hired by a number of government and private organisations. They are also decently paid, they can expect good career growth if they take up higher studies like BBA, B.Com etc. The students with an interest towards non-technical areas, then they can join this course.