Chartered Accountancy is one of the most popular courses among commerce students. After class 12th, most of the commerce students undertake this arduous career option. Chartered accountants are responsible for keeping the financial activities of companies and corporate houses in check. They are legal, finance experts who help companies to work within the legal sphere. Most of the corporate houses employ Chartered accountants. Experienced Chartered accountants can work independently as consultants.
Students are required to clear 3 stages, namely CPT (Common Proficiency Test), IPCC (Integrated Professional Competence course) and final exam to become a Chartered accountant. What is worth knowing that Chartered accountants are offered very high starting salary packages compared to other fields.
Initial Salary – 3 to 6 lakhs per annum
A company secretary is responsible for efficient administration of a company in terms of compliance with regulatory and statutory requirements. You can work at stock exchanges, Bureau of Public Enterprises, Government Financial Institutions, and Accounts Branch of the Central Government Law Services.
Initial Salary – 5 lakhs per annum
This is a very popular choice among all streams candidates. A post-graduate degree followed by a bachelor’s degree will prove beneficial. MBA can be done in any branch viz. Marketing, Human Resource, Finance, Operations, etc. If you are enrolled in a top school, you can also make it to the top firms even after graduation courses viz. BBA, B.Com. (Hons.), Economics Honours, etc.
Initial Salary – 6 to 9 lakhs per annum
What is the average income of a Chartered Accountant? The average income is between INR6-7 lakhs per year in India. CA salary, on average, can increase to INR40-60 lakhs depending on his skills and knowledge. If he receives international shipping, he can earn INR 75 lakh pa.
- BCom (Honors):
B.Com. (Honors) is one of the most popular undergraduate courses in Commerce with Mathematics stream. This course is one of the most widely offered BCom courses at university level. SRCC, LSR, Hindu College, Loyola College and St Xavier’s Kolkata are some of the top colleges in India with B Com (Honors).
- B.Com. Accounting and Taxation:
Students wishing to pursue a career in Banking and Insurance should take BCom Accounting and Taxation. The curriculum includes Indian Tax System, Financial Accounting, Value Added Tax and Medium Tax System, Accounting, Management Principles and Business Communication.
- B.Com. stats:
BCom statistics open up a variety of ways in economic research and analysis. Social Services, Data Analysis, Education, Consultation and Government Agencies are some of the most popular career options in the field. The course covers the study of Applied Information Economics, Applied Statistics, Biostatistics, Business Statistics, Data Analysis, Population Statistics, etc.
- B.Com. in Management Accounting & International Finance:
B.Com. in Management Accounting & International Finance is a great option for graduation level if one wishes to do International Business at Masters level. The course provides exposure to international business and the US CMA (Certified Management Accountant).
- B.Com. in Accounting:
Those who wish to do competitive exams and banking exams or do Chartered Accountancy or Company Secretaryship, should choose BCom in Accounting. This course covers Indian Financial System and Financial Market Performance, Financial Management, Expenditure and Financial Management, Business & Statistics, Economics, Marketing Principles, Accounting and Business Management Framework.
- B.Com. Applied Economics:
The BCom branch trains students in theoretical knowledge of various aspects of Applied Economics and how it can be applied to the economic situation to analyze problems and solutions. The curriculum includes Microeconomics, Macroeconomics, Public Economics, Indian Economic Development, etc.
- BCom Banking & Finance:
The BCom Banking & Finance course covers all aspects of the BFSI sector such as Banking, Banking Law, Insurance Law, Insurance Risk and Insurance Laws, Accounting, etc. After graduating from BCom Banking & Finance one can choose careers such as Auditor, Analyst. , Equity Manager, Asset Manager, Account Manager, Stockbroker, Market Analyst, etc.
Yes, he can prepare for the civil service because the only requirement is graduation from any stream, from any subject, with any grade.
If you want to gain management abilities and work in the management field, you should pursue a BBA. Otherwise, if you’re interested in accounting and finance, you should pursue a B.Com.