Courses and Career options after B.Com

Courses and Career options after B.Com 

These are some courses that you can pursue after B com:

  1. Chartered Accountancy (CA)
  2. Certified Financial Analyst (CFA)
  3. Cost Accountancy (from ICWA)
  4. Company Secretary ship (CS)
  5. Mcom (Master in Commerce)
  6.  MBA ( Master of Business Administration)

CA
One of the most common careers that cross every commerce student’s mind is CA. The Chartered Accountancy course is conducted by the Institute of Chartered Accountants of India (www.icai.org) and requires one to clear 3 Examinations over the period of time

  • Common Proficiency Test (CPT)
    • Test of 4 subjects
  • Integrated Professional Competence Course (IPCC)
    • Group I
    • Group II
  • CA Final
    • Group I
    • Group II

Articleship :
The students after clearing Group I of IPCC is required to register for Articleship with experienced CAs for a period of 2.5 – 3 years.

After clearing both groups of IPCC and successfully completing your articleship you can  appear for CA Final. Final CA again has two groups and after clearing both the groups you become CA.

Who can register directly for CA Course without CPT:-
1. Graduates or Post Graduates from Commerce stream having secured in aggregate a minimum of 55% of the total marks or its equivalent grade or other Graduates or Post Graduates having secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University).
2. Candidates who have passed the Intermediate level examination or its equivalent examination by whatever name called conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India.

Fees:
For registering with IPPC you have to pay Rs 9000 while the fee for CPT is Rs 6700.

CFA:

  • CFA Program is a professional credential offered by CFA Institute to Investment and Financial professionals.
  • The CFA Program has three different Levels and the minimum time required to clear all three is around 2.5 years (although the overall average is around 4 years)
  • CFA Program charter membership requirements include, but not limited to 48 months of acceptable professional work experience and passing the Level I, Level II, and Level III exams

Those aspiring to be Chartered Financial Analysts need to register themselves with ICFAI. It is a must that the candidate applying should be a graduate. Postgraduates are also allowed to apply for  the course. The candidate is allowed to register any time of the year. There is no minimum marks required as part of the eligibility criteria. Even candidates who are in their final year can also apply for the course.

ICWA:

ICWA stands for Cost and Work Accountancy. On 28th May, 1959 the Institute of Cost and works Accountants of India (ICWAI) was setup under the Cost and Works Accountants Act, 1959.

Levels of Cost Accountancy:

There are 3 levels:
Foundation,
Intermediate and
Final examinations and
three years of practical training

Eligibility:

Eligibility for admission to “foundation” level: passed Class 10 or equivalent from a recognized Board or Institution.
Eligibility for admission to “intermediate” level: Passed Senior Secondary School Examination (10+2) & Foundation Course of CMA (ICAI)/ Graduation in any discipline other than Fine Arts/ Foundation (Entry Level) Part I Examination of CAT of the Institute/ Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute OR Passed Foundation of ICSI/Intermediate of along with 10+2.

Exams are held twice a year – June & December

Fees:

Admission Type Eligibility Fees(Oral) Fees(Postal) Students would be eligible to appear in Examination from
Admission to Foundation Course Passed Class X 4000/- 4000/- Dec 2016
Registration to Intermediate Course Passed Foundation Course or Graduates 20000/- 20000/- Dec 2016
Enrollment to Final course Passed Intermediate 17000/- 17000/- Dec 2016

 

CS:

Stages to become a Company Secretary:

After 12th:

The student who would like to join the Course after 10+2 pass or equivalent has to undergo three stages to pursue the Company Secretaries Course:

  • Foundation Programme
  • Executive Programme
  • Professional Programme

Foundation Programme which is of eight months duration can be pursued by 10+2 pass or equivalent students of Arts, Science or Commerce stream (Excluding Fine Arts)

After Graduation
The Student who would like to join the Course after passing the Graduation has to undergo two stages of the Company Secretaryship:

  • Executive Programme
  • Professional Programme

Executive Programme can be pursued by a Graduate of all streams except Fine Arts.
Professional Programme can be pursued only after clearing the Executive Programme of CS Course.

Practical Training:

Student has to go 15 months of practical training which may opt after passing the executive program.

After completion of professional course and 15 months training student will joined as Associate Member of the ICSI and called as Associate company secretary (ACS).

Examination:

Admission to this CS course is open throughout the year. Examinations are held twice a year in June & December.

Examination dates:

Cut off dates for admission to CS course: .
For Foundation Programme 31st March for appearing in December Examination  in the same year
30th September for June Examination next year
For  Executive Programme 28th February for appearing in both modules in December Exams in the same year  year
31st May for appearing in single module in December Examination in the same year
31st August  for appearing in both modules in June Exam in the next year
30th November for appearing in single module in June Examination in the next year.

Company Secretary Course fee:

CS foundation course registration – 4500/-
CS Executive course registration – 8500/-
CS final course registration – 12500/- to 13500/- (Commerce/Non-commerce)

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