Information, and money values, commercialization is used in the commerce.

commercialization consists of the process of transforming something into a product, service or activity.

Other than CA/CS, you could explore the following options:

• Chartered Financial Analyst
• ICWA (Cost Accountancy)
• MBA (Finance, Banking, Insurance or Marketing)
• Specialist courses in Investment Banking from School of Investment Banking, or Imarticus Learning.
• Certified Management Accountant (CMA)
• Certified Public Accounting (CPA)
• Association of Chartered Certified Accountants (ACCA)
• Business Accounting and Taxation (BAT)
• Certifications in Treasury Management.

Your final choice should depend on the kind of work that you like doing, the lifestyle that you would like to lead, and job options available for beginners.

All successful people aren’t CA or CS  and in fact, all CAs or CSs are also not successful either. There is a wide range of career options available to succeed in your life. Since you have completed your graduation in Commerce, we guide you to choose a career in the field of Accounting, Finance etc. Here we listed some of the important courses after B.Com and their benefits.

Chartered Financial Analyst (CFA):

CFA Program is a professional credential offered by CFA Institute to Investment and Financial professionals. After completing and passing the CFA program one will bridge academic theory, assess current industry practice, and learn ethical and professional standards to give a strong root of real-world portfolio management and modern investment analysis skills.

Career Benefits

The CFA charter is one of the most recognized global professional qualifications in finance.

If you’re looking for a qualification to enhance your career in finance or establish your finance credentials; CFA is highly recommended.

There are many benefits after doing CFA, but the main reason anyone goes through the program is to get paid more.

ICWA:

Institute of Cost and Works Accountants of India is the only statutory body of Government of India, which organizes the training program for costs and work accountants. Cost and work accountants are responsible for budgeting, cost management, performance evaluation and asset management within a company or organization. They typically collaborate as part of an executive team to create a financial plan for the organization. They may work with corporate executives or heads of companies to strategically plan for a company.

Career Benefits

After having Certification of manufacturing account as per Customs Act and Certification under Export & Import Policy you can also start your own business in Consultancy assignments.

A degree in cost accounting equips you with the adequate knowledge to manage finance of the organization competently and ensure managerial decisions are well within the available resources.

ICWA has a wide scope, every manufacturing company needs them.

Financial Risk Management (FRM):

FRM Certification is a globally recognized professional certification for banking and finance professionals by Global Association of Risk Professionals (GARP, USA). This practical qualification includes the real issues facing organizations in the risk factors, financial services sector, banking and insurance. Financial Risk Manager Plans for potential risks which will help in the creation of a financial business strategy that seeks a constant upward trend.

Career Benefits

Strong value addition to your skills, credentials and resume.

Successful completion of this qualification plus five years of professional experience enables you to apply for Specialist membership and use the internationally recognized membership designation SIRM (Swiss Institute of Risk Management).

Financial risk managers in the USA can earn anywhere between USD $100,000 and USD $250,000. They normally receive various fringe benefits. The average salary of FRM in India is INR 900,000.

Tax Return Preparer:

The Income Tax (IT) Department, invites the applicants for Tax Return Preparer for training the Graduates to become TRPs. The Tax Return Preparer shall prepare and furnish the return of income to the Assessing Officer or agency as may be directed by the Resource Centre.

Career Benefits

Tax knowledge will enable you to minimize your income tax liability and potentially save thousands of dollars over your lifetime.  You will also save on tax preparation fees!

Experienced tax preparers may earn $25 per hour or more and self-employed tax professionals can earn more than $100 per hour. Average salary of a Tax Preparer is $12.20 per hour.

Taking an income tax preparation course allows paid preparers and self-preparers to obtain a working knowledge of the Internal Revenue Code, ensuring that income tax returns are prepared as required by federal regulations.

Bachelor of Laws (LLB):

The Bachelor of Laws is an undergraduate degree in law originating from England and is offered in most common law jurisdictions. If you want to pursue LLB after graduation, it will take a 3 years course and with 45% in graduation. You need to clear CLAT (Common Law Admission Test) test to get admission in LLB College. LLB is a dual value course as it gives two value of Commerce and Legislature.

Career Benefits

Careers in law exist in the capacities of law officers, legal advisers, company secretaries, and solicitors

Law jobs are very specialized and focused in the corporate segment in India

Banking and non-banking financial institutes, insurance companies, large conglomerates, multinational corporations, appoint law professionals

After completing three year LLB course, one can pursue their career as lawyers, legal consultants, oath commissioner or company secretary

If one wishes to practice law, then LLB turns out to be a good choice

If anyone wants to work in the corporate sector, Corporate Law is the best option for them

Certified Public Accountant:

A Certified Public Accountant (CPA) is the highest standard of competence in the field of Accountancy across the globe. CPA professionals are developing an edge over the CA professionals. Moreover, with international recognition shining in the armour of a CPA, the opportunities on the global level certainly help CPA professionals. By earning your CPA certificate, you can position yourself for a rewarding and sophisticated career path.

Career Benefits

With global recognition, a CPA can always find the best place to work anywhere and a salary with at least 30 – 40% more than the other accounting professionals. [source: Chartered Club]

There is a huge requirement of an accountant professionals, such that almost every business requires the service of a CPA.

CPAs get more opportunities to travel the world and gain international business experience – and those who are multi-lingual and multi-cultural will have an advantage over those without those skills.

ACCA:

Association of Chartered Certified Accountant (ACCA) is the world’s leading and fastest-growing international accountancy organization. The ACCA qualification helps develop successful careers in the fields of accounting, banking, management and consulting, and is a major advantage in competing for senior roles. ACCA professionals get preferential immigration status to Australia, Canada, UK, New Zealand, Ireland etc.

Career Benefits

ACCA has a wide network of 92 offices and more than 8,500+ Approved Employers worldwide, who provide high standards of employee learning and development.

Better employment prospect because of having shown an ability in all areas of business.

Gaining ACCA qualification is an evidence that the holder possesses skills and knowledge which are in high demand by employers in the ndustry, banking, auditing, consulting as well as other professions like taxation and law.

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On January 16, Prime Minister Narendra Modi unveiled a 19-point action plan for start-up enterprises in India. He also announced a self-certification scheme related to nine labor and environment laws. He also said that there would be no inspection of the enterprises during the first three years of the launch.

Modi has announced an all-inclusive action plan to boost such ventures that would boost employment generation and wealth creation.

Here are the 19 plans Modi has for start-ups:

1. Self-certification

The start-ups will adopt self-certification to reduce the regulatory liabilities. The self-certification will apply to laws including payment of gratuity, labor contract, provident fund management, water and air pollution acts.

2. Start-up India hub

An all-India hub will be created as a single contact point for start-up foundations in India, which will help the entrepreneurs to exchange knowledge and access financial aid.

3. Register through app

An online portal, in the shape of a mobile application, will be launched to help start-up founders to easily register. The app is scheduled to be launched on April 1.

4. Patent protection

A fast-track system for patent examination at lower costs is being conceptualized by the central government. The system will promote awareness and adoption of the Intellectual Property Rights (IPRs) by the start-up foundations.

5. Rs 10,000 crore fund

The government will develop a fund with an initial corpus of Rs 2,500 crore and a total corpus of Rs 10,000 crore over four years, to support upcoming start-up enterprises. The Life Insurance Corporation of India will play a major role in developing this corpus. A committee of private professionals selected from the start-up industry will manage the fund.

6. National Credit Guarantee Trust Company

A National Credit Guarantee Trust Company (NCGTC) is being conceptualized with a budget of Rs 500 crore per year for the next four years to support the flow of funds to start-ups.

7. No Capital Gains Tax

At present, investments by venture capital funds are exempt from the Capital Gains Tax. The same policy is being implemented on primary-level investments in start-ups.

8. No Income Tax for three years

Start-ups would not pay Income Tax for three years. This policy would revolutionize the pace with which start-ups would grow in the future.

9. Tax exemption for investments of higher value

In case of an investment of higher value than the market price, it will be exempt from paying tax

10. Building entrepreneurs

Innovation-related study plans for students in over 5 lakh schools. Besides, there will also be an annual incubator grand challenge to develop world-class incubators.

11. Atal Innovation Mission

The Atal Innovation Mission will be launched to boost innovation and encourage talented youths.

12. Setting up incubators

A private-public partnership model is being considered for 35 new incubators and 31 innovation centers at national institutes.

13. Research parks

The government plans to set up seven new research parks, including six in the Indian Institute of Technology campuses and one in the Indian Institute of Science campus, with an investment of Rs 100 crore each.

14. Entrepreneurship in biotechnology

The government will further establish five new biotech clusters, 50 new bio incubators, 150 technology transfer offices and 20 bio-connect offices in the country.

15. Dedicated programs in schools

The government will introduce innovation-related programs for students in over 5 lakh schools.

16. Legal support

A panel of facilitators will provide legal support and assistance in submitting patent applications and other official documents.

17. Rebate

A rebate amount of 80 percent of the total value will be provided to the entrepreneurs on filing patent applications.

18. Easy rules

Norms of public procurement and rules of trading have been simplified for the start-ups.

19. Faster exit

If a start-up fails, the government will also assist the entrepreneurs to find suitable solutions for their problems. If they fail again, the government will provide an easy way out.

Government’s role

The Ministry of Human Resource Development and the Department of Science and Technology have agreed to partner in an initiative to set up over 75 such startup support hubs in the National Institutes of Technology (NITs), the Indian Institutes of Information Technology (IIITs), the Indian Institutes of Science Education and Research (IISERs) and National Institutes of Pharmaceutical Education and Research (NIPERs).

The Reserve Bank of India said it will take steps to help improve the ‘ease of doing business’ in the country and contribute to an ecosystem that is conducive for the growth of start-up businesses.

Educational Institution Alliances

Under the scheme, a group of start-ups will acknowledge an MOU with the prestigious institutions and will also establish the start-up centers in the campus. NIT-Silchar (The National Institute of Technology, Silchar) is one of the institutions of the country to have joined the program.IIT Madras is also linked with this campaign. The institution has been successfully managing the IITM Research Park that has incubated many start-ups.

Startup India recently formed a relationship with TAVtech Ventures, a nonprofit educational organization that is in the process of establishing a platform for collaborative innovation between US, Israeli, and Indian students to launch start-ups.

Criticism

The quality of education in the institutions of the nation is always questioned and found not matching with the organizations’ standards for the required skillset and they have to spend on training the freshers. The country has also launched the Skill India campaign for addressing the issue.

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The Master of Management (MM, MBM, MIM, MMgt) is a post-graduate master’s degree awarded to students who normally complete a one or two-year program of graduate level coursework in business management at an accredited academic institution. As the program is designed for students interested in entering leadership roles, the degree attracts applicants from diverse academic disciplines. The MM program structure and admissions are similar to that of the Master of Business Administration, Master of Arts in Management, and Master of Science in Management degrees.

Admissions:

Business school Admission Committees normally evaluate applicants based on Bachelor degree GPA (and graduate GPA if applicable), GMAT score, detailed resume, letters of recommendation, essays, and a personal interview.

Course Topics

Topics in the MM program often include:

• Strategic Management
• Ethical Decision Making
• Entrepreneurship
• Business Culture
• Leadership and Motivation
• Corporate Communications
• Business Law
• Human Resource Management
• Workplace Security
• Marketing
• Public Relations
• International Business
• Operational research
• Accounting
• Economics

Program structure

The MM structure varies from program to program, but typically resembles one of the five major types of MBAs (distance-learning, part-time, accelerated, two-year, or executive). It typically prepares students to handle management issues in all areas of business with the option to concentrate or specialize in one area. Most programs begin with a set of required courses and then offer more specialized courses two-thirds of the way through the program. Concentrations include accounting, finance, strategic management, international business, marketing management, information systems, operations management, and human resources.

When exploring options for completing our education, we know that career opportunity is high on the list of deciding factors for choosing a program. Much of a leader or manager’s value is in not only managing people effectively but being able to adapt to a changing business landscape.

Here are some typical career paths for graduates of a Master’s in Management Degree program

Leadership Roles

Graduating with a Master’s in Management can prepare you for a leadership role at the highest level in a range of industries, from retail to communications. Presidents, CEO’s and Department or Team Directors can all benefit from the knowledge and skills obtained by completing this program. This degree can be especially useful to those with an entrepreneurial mindset who plan to go into business for themselves.

Managerial Roles

A range of industries require strong managers, and those with a Master’s in Management are well positioned for these careers. Job titles can include

• Human Resources Manager,
• Advertising Manager,
• Public Relations Manager,
• General Operations Manager,
• Sales Manager, or
• Training and Development Manager

There are lot more job titles which vary industry to industry.

 Supervisory Roles

For those who wish to take on supervisory roles, or who already serve in these roles and want to progress to leadership positions, a Master’s in Management can provide helpful skills such as how to predict and manage organizational conflicts, continuously improve your team’s effectiveness, and how to lead ethical decision-making processes.

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