Top 6 Job-Oriented Courses with B.Com

The increasing globalization is resulting in rapidly evolving the finance and accounting world. This evolution presents commerce students with incredible job opportunities. Today, you need not necessarily limit yourself to your home country when looking for a job. You can also look for and apply for the best work opportunities in other leading nations. However, your traditional qualifications will not help you ace this highly competitive world. You cannot ignore the importance of conventional graduation courses. But it is also essential to understand that they will not help you build your dream, lucrative career. This is why you need to pursue professional courses at B.Com instead of merely becoming a graduate.
Professional finance and accounting courses offer several advantages as compared to traditional commerce courses. These courses offer a dynamic world with numerous options. So, no matter what specialization you wish to achieve, you can always find a suitable course. Industry leaders constantly suggest that students, graduates, and young professionals pursue internationally recognized accreditations. They suggest this to help individuals build a rewarding career in the commerce field. But can you pursue any of these courses with B.Com? Yes, you certainly can. You can pursue several courses with B.Com and get certified right after your graduation or even before that. This blog is a detailed guide for all finance and accounting aspirants. It lists the top professional courses to explore, along with B.Com. So, start reading below to skyrocket your career. 

 

Key Takeaways

• Courses to do with B.Com

• US CMA

• CPA

• ACCA

• CFA

Top Courses with B.Com

 Pursuing a suitable course can become challenging if you lack appropriate knowledge. However, reading below will equip you with knowledge about the best courses after B.Com or with it.

Certified Public Accountant

The US Certified Public Accountant is the first course after BCom you must consider. The American Institute of Certified Public Accountants awards this certification. It equips a professional with advanced skills and knowledge in the finance and accounting domains. Additionally, one can earn it by passing the comprehensive Uniform CPA Examination, which the AICPA conducts. You must consider pursuing the US CPA qualification as it is one of the top courses after B.Com to build a successful career.

Eligibility

• 150 credit points
• 2 years of relevant work experience

Exam Syllabus

The Uniform CPA Exam consists of the below-listed four tests: 

Attestation and auditing 
Financial accounting and reporting 
Regulation 

Optional paper (any one)

• Business Analysis and Reporting (BAR)
• Information Systems and Controls (ICS)
• Tax Compliance and Planning (TCP)

Cost

The US CPA cost is as follows: 

• Education and Evaluation Application Fees: $90–$150
• Examination Application Fees: $1100-$1500
• CPA Exam Retake Fee: $50-$200
• CPA Review Course: $1,000-$4,000

Job Opportunities

• Internal Auditor
• Public Accountant
• Finance Manager
• Finance Analyst
• Tax Analyst
• Chief Financial Officer

Certified Management Accountant

Another name when looking for the top professional course after BCom is the US CMA. It is another globally recognized and valued certification for you if you wish to become a management accountant. It is approved by the Institute of Management Accountants. The CMA course introduces you to 12 advanced subjects in finance and accounting and furnishes you with advanced concepts in accounting areas to get a high-paying job and attractive career opportunities.

Eligibility

• Graduation degree
• 2 years of relevant work experience

Exam Syllabus

The US CMA exam has two parts, with each containing six subjects. 

CMA Part I: Financial Planning, Performance, and Analytics

1. External Financial Reporting Decisions
2. Planning, budgeting, and forecasting
3. Performance Management
4. Cost Management
5. Internal Controls
6. Technology and analytics

CMA Part II: Strategic Financial Management

1. Financial statement analysis
2. Corporate Finance
3. Decision Analysis
4. Risk Management
5. Investment Decision
6. Professional Ethics

Cost

Professional Members

• CMA Entrance Fee: $300
• Exam Fee: $495 per part
• IMA Membership Fee: $295 (compulsory)

Student/Academic Members

• CMA Entrance Fee: $225
• Exam Fee: $370 per part
• IMA Membership Fee: $49/$160 (compulsory)

Career Option

• Budget Analyst
• Cost Controller
• Cost Accountant
• Financial Analyst
• Staff Accountant
• Treasurer
• Chief Financial Officer
• Internal Auditor
   
  

Association of Chartered Certified Accountants

Next on the list of best courses after BCom degree or with it is ACCA. It is awarded to the Association of Chartered Certified Accountants. It provides candidates with advanced accounting skills and knowledge. To award this certification, the association conducts a thorough examination of 13 subjects. You can pursue this course after B.Com or while completing it. 

Eligibility

• 10+2 education qualification

Exam Syllabus

The ACCA exam has three levels.

Applied Knowledge Level

• Business and Technology (BT)
• Management Accounting (MA)
• Financial Accounting (FA)

Applied Skills Level

• Corporate and Business Law (LW)
• Performance Management (PM) 
• Taxation 
• Financial Reporting 
• Financial Management 
• Assurance and Audit

Strategic Professional Level

Compulsory Subjects

• Strategic Business Leader 
• Strategic business reporting 

Optional Subjects 

• Advanced Financial Management (AFM)
• Advanced Performance Management (APM)
• Advanced Taxation (ATX)
• Advanced auditing and assurance

Cost

• Initial Registration: £30
• Exam Fee for Applied Knowledge Level Exams: £70 per exam
• Exam Fee for Applied Skills Level Exams: £135 per exam
• Exam Fee for Strategic Professional Level Exams: £238 for SBL and £170 per exam for remaining subjects.
  
  Job Opportunities
   
• Finance Analyst
• Tax Analyst
• Finance Manager
• Auditor
• Forensic Reporter
• Chief Financial Officer

Chartered Financial Analyst

The CFA represents the Chartered Financial Analyst course. It's one of the best courses in B.Com to build a career in investment field. The CFA Institute awards this certification. To grant this certification, it conducts a thorough examination. The short-term course focuses on the investment field to help you build the best career.

Eligibility

• Graduation Degree 
• Four or more years of relevant work experience

Exam Syllabus

The three levels of the CFA exam consist of the following subjects:

• Ethical and Professional Standards
• Quantitative Methods
• Economics
• Financial statement analysis
• Corporate Issuers
• Equity Investments
• Fixed Income
• Derivatives
• Alternative Investments
• Portfolio management and wealth planning

Cost

• Early Registration Fee: $940
• Standard Registration Fee: $1,250
• One-Time Enrollment Fee: $350 (for Level 1, it does not apply to subsequent exams).
  
  Job Opportunities
   
• Equity Research Analyst
• Credit Analyst
• Financial Analyst
• Equity Research Associate
• Corporate Financial Analyst
• Auditor
• Consultant
• Portfolio Manager
• Senior financial analyst

Enrolled Agent

The Enrolled Agent course is next on this list of courses with a B.Com to help you build a strong job profile. The Internal Revenue Service Board offers this program. It strives to present you with high-level taxation concepts, becoming the best option for BCom graduates. You must pursue EA after completing a BCom to acquire your dream job. 

Eligibility

• 10+2 education qualification
• A valid Preparer Tax Identification Number (PTIN)

Exam Syllabus

Individual Level

• Preliminary Work and Taxpayer Data
• Income and assets
• Deductions and credits
• Taxation and Advice
• Specialized Returns for Individuals

Business Level

• Business Entities and Considerations
• Business Tax Preparation
• Specialized Returns and Taxpayers

Representation, Practices, and Procedures

• Practices and procedures
• Representation before the IRS
• Specific Areas of Representation
• Filing Process

Cost

The Enrolled Agent course fees in India include:

• $70 charge for obtaining a PTIN
• Each part of the exam costs $200.
• PTIN Renewal Fee (if needed): $19.75
  
  Job Opportunities
   
• Tax Associate
• Tax Consultant
• Tax Manager
• Senior tax analyst
• Tax Specialist

IFRS

IFRS is next on the list of the best job-oriented courses after BCom for a high paying job. It's among the most valuable courses. Even professionals pursue this to advance their expertise. The IFRS course centers around the International Financial Reporting Standards and introduces you to their practical use. The ACCA Board awards this for students looking for one of the best career. 

Eligibility

• Graduation degree 
• Work experience is not mandatory.

Exam Syllabus

The IFRS exam has a comprehensive syllabus with the following topics:.

• The IFRS and International Accounting Standards
• IFRS Accounting Standards
• Revenue, presentation, and profit
• Accounting for non-current assets
• Accounting for assets, impairments, and grants
• Accounting for leases and specialized assets
• Accounting for financial instruments
• Accounting for liabilities
• Group Accounting, Part 1
• Group Accounting, Part 2
• Disclosure criteria and first-time adoption
• Accounting Standards (IFRS) and other reporting frameworks

Cost

For ACCA members

• Assessment Only: $130
• Assessment + Course (Collectively): $210 
• Assessment + Course (Separately): $130 for each 

For Non-Members

• Assessment Only: $175
• Assessment + Course (collectively): $285 
• Assessment + Course (Separately): $175 for each "
  
  Job Roles
   
• External Auditor
• IFRS Expert
• Financial Controller

Conclusion

B.Com provides you with theoretical knowledge of the finance field. However, to build your dream career, you need much more than this. Practical knowledge is equally important to prepare you for the best career options after B.Com. That is why experts suggest taking other B.Com courses. These courses offer advanced skills and knowledge in the finance and accounting fields. Also, they eliminate the need to pursue traditional PG courses for Commerce graduates after completing B.Com. certification job-oriented the courses listed in this list of job oriented courses after B.Com are equally advantageous. 

You need to consider your career preferences and budget to choose the one professional course after B.Com that is most suitable. Also, no matter what you choose, NorthStar Academy can help you prepare for the examinations for these courses. Our mentor, the God of Costing, M. Irfat Sir, and several other industry leaders have helped thousands of aspirants achieve these certifications courses in India. It's your time to join one of our courses to fast-track your career. Contact us on WhatsApp to learn more.