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What is the Scope in the field of finance

Career like ca cs n lawyer


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RE: What is the Scope in the field of finance

Dr Aparna
Dr Aparna
Verified Career Expert
PhD Organizational Psychology
  • Hosur

Hello,

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Finance: Finance is a lucrative career option and it is very much suitable for students with high numerical aptitude. To embark on a career in finance you need to have studied a basic bachelors degree related to finance. This includes either a Bachelor of business administration BBA with finance or a Bachelor of commerce Bcom with Finance as the first graduation degree. Completing this basic bachelors degree, you can then study a masters degree like the MBA with finance or a MFM Master of financial management or a MCom Master of commerce with finance. After this masters degree, students can then pursue a CFA, Chartered financial analyst. This is a professional degree and students completing this degree can work in high profile roles as Chartered position is ever prestigious. Apart from a Chartered position, you can also consider studying a Doctorate degree like the PhD Finance. This PhD can be completed in three years and completing this professional degree you are regarded as a scientist or a researcher. Choosing finance definitely leads to a professional career and the career graph is as indicated below.

Education route:
1. Bcom with finance ---> Mcom with finance ----> PhD in Finance/ CFA
2. Bcom with finance ---> MFM Finance ---> PhD Finance/ CFA
3. BBA with finance ---> MBA with finance ---> PhD Finance/ CFA
4. Bcom with finance ---> MBA with finance ---> PhD finance/ CFA

Chartered accountancy CA: This is also a professional career route for students specialising in accounts and commerce. A chartered accountancy is a highly reputable and professional career, and completing it students are qualified to work as chief auditors in companies and private business sectors. To embark on a accounts career, one should have studied relevant degree since bachelors degree like the Bcom with accounts or BBA with accounts. Students choosing to become CA actually are most desirable to only choose BCom than a BBA. Completing the bachelors, then you can choose to do a masters and then finally a PhD or a Chartered position related to accounts.

Education route:
1. Bcom with accounts ---> Mcom with accounts ---> PhD in accounts/ CA
2. BBA with accounts ---> MBA with accounts ---> PhD in accounts/ CA
3. Bcom with accounts ---> MBA with accounts ---> PhD in accounts/ CA
Law: Law is also a professional degree and studying law actually requires you to have studied any basic bachelors degree initially. Completing law, you can practice as an advocate initially and after a few years of experience you can also practice as a Judge. Law degree are of many types that includes business law, civil law and criminal law. You can choose to become whatever you want.
Education route:
1. Any bachelors degree ---> Bachelors of law ---> Masters of law
2. Any bachelors degree ---> Masters in business law
3. Any bachelors degree ---> Bachelors of law --> Masters in business law.

In sum, all the career indicated above are highly deemed as professional and therefore you can choose the best interests your ambition. Hope this helps. Good luck.

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RE: What is the Scope in the field of finance

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Caching Date: 1/18/2026 6:06:19 AM