Best Career options after B.com - CMA USA (Certified Management accountant)

Introducing professional certification in CMA after graduation.

One of the most common graduation degrees students enroll in after finishing high school is the Bachelor of Commerce or B.com. But only doing B.Com. is not enough in today's competitive marketplace to land high-paying job positions, and identifying one of the best courses has become a hassle. Students must enroll in further studies or courses to create a successful career in this profession. Due to increased competition, students pursue a postgraduate degree or professional certificate course after completing a B.com program to have an excellent career in accounting and financial management that gives improved work chances in terms of the average salary offered. We will discuss every essential aspect of choosing the best course after B.com and achieving a renowned career to follow in this post so that you may have a successful future.

Key Takeaways

• How to Choose after b.com which is the best course?

• US Certified Management Accountant (CMA US)

• US Certified Public Accounting (CPA)

• Association of Chartered Certified Accountants (ACCA)

• Top Short-term Courses After B.Com:

What is B.Com?

The Bachelor of Commerce degree is offered to undergraduate students interested in pursuing education and skill training in business concepts and management in colleges in India and overseas. The duration of this course is three years, The Bachelor of Commerce Honors degree is an intermediate, specialized curriculum that functions as a bridge between undergraduate and postgraduate commerce degrees. Depending on the nation of residence, the duration of a B.Com. curriculum might range from 3 to 4 years. 

Important areas of study in the B.Com. degree include accounting, B.Com. taxation, law, costing, finance, economics, marketing, and human resource management, in addition to company management and organization. The course curriculum also covers the fundamentals of business mathematics, business information systems, and business statistics. One needs options before deciding on one of the many pivotal tasks one has to take to understand the insides of the particular course, including the graduates of this course, jobs, and salary details. to be industry-ready for accounting job roles Now let's discuss the available career options after B.com.

How to Choose after b.com which is best course?

Thinking about a career and the right courses after B.Com?

As a student, you may finally trim down your options to choose the best one for your interests and consider a stable job, needs, and ability. There are several opportunities open to you. You will finally be able to get your desired career after college if you develop and gain the appropriate expertise and understand which one is the best for you. 

However, selecting the best path has been often challenging. You should consider the following points:

• Identify your primary area of interest.
• You should also consider strengths & weaknesses before deciding on the course.
• Look for the finest courses available after B.Com in terms of eligibility, costs, and duration.
• Look over the academic programs and subjects of the course you selected.

Following is a list of some excellent courses that you can pursue after completing your B.Com:

Chartered Accountancy (CA)

CA is the first course that generally comes to mind for a commerce undergraduate looking for courses after BCOM. CA course is broken down into three stages: CPT, IPCC, and CA Finals. After passing all three stages and completing an internship, the duration is 2.5 years, after which you will be a licensed chartered accountant. Undoubtedly, it is considered the after-b.com, which is the best course choice. This program lasts three years and can help you earn a position with a multinational company like Deloitte. You can even start your own CA firm and put your degree into practice. In India, the average pay of a CA graduate is Rs. 7.9 LPA. CA is one among the many options, is considered one of the best, and is a popular graduation course that students take up as a career option after B.com

MBA (Master of Business Administration)

MBA is one of the greatest courses available after B.Com. in management accounting and financial analytics, for those who consider a master's course in commerce for a stable job, one of the simplest career options after B.Com. This course helps you master the in-demand tools of accounting and is one of the fastest-growing careers, not just for those graduating from business but from any subject, and it is the most well-liked one that students can take. Depending on your level of specialization, you will study how to handle every part of a business in this course. You must pass the CAT (Common Admission Test) for an MBA. Your CAT score determines the college to which you are admitted. In large firms, an MBA graduate can work as a Marketing Manager, Operations Manager, and various other positions. An MBA's beginning salary ranges from 5 lakhs to 25 lakhs per annum, depending on the educational institute you graduated from, and it's it's one of the top degrees after b.com.

US Certified Management Accountant (CMA US)

If you've always wanted to work for reputable MNCs or large companies abroad, this certificate program is the best option to pursue after earning your B.Com. This certification is one of the best career options from the Institute of Management Accountants and will provide you with a certificate in managing financial accounting. Depending on the institutions of various universities, this course lasts 6 to 9 months. The CMA designation is a prestigious, globally acknowledged professional certification credential that revolves around the taxation industry, and one has to have proper knowledge in two fields: management accounting and analytics. The course learning modules comprise topics related to financial planning, performance, and analytics. You can even register for this course even if one has not chosen commerce as their domain.

If you want to become industry-ready for an accounting job and have a well-established career after a B.com, CMA is the answer. 

You must complete two levels of examination in addition to having two years of work experience.  The final CMA certification can be obtained only if the candidate has a bachelor's degree and working experience in the finance and accounting field. After earning the CMA USA certification, you will be able to find work in businesses of various sizes and industries. US CMA-certified personnel are always in demand, from public and private firms and non-profit organizations to academic institutions, government bodies (USA), and multinational corporations. In India, the average CMA USA pays a salary ranging from Rs. 8.5 LPA, which keeps increasing according to the level of experience you have. 

US Certified Public Accounting (CPA)

The American Institute of Certified Public Accountants (or AICPA) offers the Certified Public Accountant (CPA) as an excellent career option for b.com, this professional qualification is another internationally recognized professional credential and one of the greatest after b.com. You need a strong foundation in the field of accounting, a lot of studies (at least 150 hours of CPE), and you have to pass a difficult four-part exam to become a CPA. A CPA's primary responsibility is to provide financial reporting and advising services to facilitate informed decision-making and financial progress. CPAs in India earn an average income of Rs. 7.2 LPA.

Association of Chartered Certified Accountants (ACCA)

This is a well-known course for the ACCA certification accredited by the global body of the same name - the Association of Chartered Certified Accountants. It is preferred by thousands of students worldwide and is well-known in 173 nations. One of the greatest occupations after pursuing b.com B.Com, multinational firms have a strong demand for graduates of this program and provide salaries ranging from 7 to 16 lakhs. This course has a two-year term and 14 papers you must clear to acquire this certificate.

Master of Commerce (M.Com)

M.Com is a postgraduate program designed specifically for students after getting a B.com, providing them with additional tools and in-depth knowledge. The duration of this course is 2 years, ideal for students who want to develop their abilities & gain insight into how to utilize their academic knowledge appropriately in the professional world. This postgraduate course prepares students for positions such as accountant, accountant executive, finance manager, and so on. The M.Com degree is also the best choice for students who want to work in the taxation & accounting fields or the BFSI (banking, financial services, and insurance) industry. M.Com graduates earn an average income of Rs. 3.9 LPA.

Company Secretary (CS)

One of the many crucial positions on the list of B.Com courses is company secretary (CS), which plays a vital function in a company. The company secretary manages an organization's legal matters and is also in charge of keeping tax records. You must study corporate law if you want to work as a company secretary. This degree takes three years to complete and has three stages: Foundation, Intermediate, and Finals. In India, the salary range for CS is between Rs. 6 and 10 LPA. PayScale reports that the average pay for CS is Rs. 5.8 LPA, making it one of the more popular after b.com, which is the best course and alluring career after graduating from college.

Top Short-term Courses After B.Com:

Short-term courses after pursuing b.com may help you establish a successful career in commerce, and the duration of these courses is directly proportional to the skills you wish to achieve. Depending on the area of expertise, short-term courses might last six months, a year, or fifteen months. You have the option of studying these courses while pursuing your BCom degree or after you have already completed graduation.

• Certificate in Stock Market
• Certificate in Public Relations
• Certificate in Disaster Management
• Certificate in E-commerce
• Certificate in Digital Marketing
• Certificate in Library and Information Science
• Certificate in Rural Development
• Certificate in Banking

Conclusion

While with a B.Com. degree you will get a good job, and a master's degree will always put you ahead of the competition. It is one of the primary reasons why most business graduates pursue additional or further education and courses. We hope this informational blog has provided you with detailed information regarding the after-B.Com., which is the best course, as well as clarity on career after-B.Com. employment and income specifics. You can narrow down your interests based on the job path you want to pursue after graduation. Furthermore, aspiring professionals in chartered accountancy (CA), CMA-USA, and ACCA may utilize NorthStar Academy's top-tier programs to accomplish their intended goals and continue to flourish professionally. They will create a thorough roadmap for your achievement, including a study program that covers the whole comprehensive course.

Connect with the NSA counselors today to learn more at  +918147470707.