Top 5 Professional Courses in Commerce Background

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Unlike the old thoughts that Commerce stream has limited options, education background in commerce gives an edge to a lot of careers ahead. Professional courses are the best options if you want to do something different and want to have a combination of both salary and job satisfaction to ensure a comfortable life in the future.

Here are the Top 5 Professional Courses for Commerce students that can provide financial security and will lead a luxurious and comfortable lifestyle

1. Chartered Accountant (CA)

The Institute of Chartered Accountants of India administers this professional course for students who have completed their Class 12th in Commerce/Science stream. This is the most popular professional course for building a lucrative career and it is one of the highest salary commerce stream jobs.

It is a very difficult and complex course and hence requires a lot of hard work, dedication and sincere efforts to qualify. This professional course comprises three levels. Students have to complete each level to be eligible to appear for the next level along with an increased difficulty level.

Clearing the foundation level i.e., CPT might be easy as the syllabus is similar to class 12th syllabus but as it goes to higher levels i.e., Intermediate (IPCC) and CA Finals, it gets very tough. You must have in-depth knowledge of the subject to clear these levels. It is the most superior achievement a commerce student can achieve.

Being a chartered accountant gives you the opportunity to exciting careers options like a tax consultant, an auditor, an advisor, a financial officer etc. You can open your own firm and opt for independent practice as well.

2. Cost and Management Accountant (CMA)

The Institute of Cost and Management Accountants of India administers this professional course. This is another popular course for Commerce students after CA. Students from both science and commerce stream who have completed their class 12th examination can apply for this course.

The work of a cost accountant is to maintain accounting records, carrying out cost auditing and assisting in planning, controlling and costing of products.

Like CA this course comprises three levels i.e., Foundation, Intermediate and Final level. Here too as you move up higher clearing each level the difficulty level increases.

Being a Cost Accountant you can look for jobs in the private and public sector and work in cost audit areas, certification and consulting areas as well. The function of Cost Accountant is much more than that of a Financial Accountant and the former helps in production, operations and process.

3. Company Secretary (CS)

Company Secretary is also one of the popular course for Commerce Students. The Institute of Company Secretaries of India administers this course. Company Secretary is undoubtedly a promising course with high salary.

Like CA, CMA and other professionals course you have to clear three levels i.e., foundation programme, executive programme and professional programme.

A company secretary has to take care of efficient administration of the company, particularly ensuring legal and statutory compliance and governance-related issues such as ensuring that the decisions of the board of directors are implemented. They act as the moderator between the stakeholders and the board.

4. Chartered Financial Analyst (CFA)

A Chartered Financial Analyst mainly focuses on the financial analysis of the company. This course is conducted by The Institute of Chartered Financial Analyst of India. Chartered Financial Analyst is one of the highest distinctions in the investment management discipline.

This course provides training in the fields of corporate finance, investment management and financial services. This course has global recognition in many countries.

To become a CFA a student must clear three levels of examinations. The subjects that come under this course are economics, accounting, money management, security analysis, and ethics.

The primary job of a CFA is to identify good investments for the company and also bad investments that their clients should avoid. Chartered Financial Analysts can find work opportunities at banks, insurance companies, investment firms, financial securities firms, and even MNCs.

5. Certified Public Accountant (CPA)

A CPA is similar to a Chartered Accountant, but it is conducted by the American Institute of Certified Public Accountants. This is also a globally certified course.

This course is equivalent to the title of a chartered accountant in other English-speaking countries. In the United States, the CPA is a licence to provide accounting services to the public.

The primary work Chartered Public Accountants to offer financial statement audits and other attestation services to help inform investors about the financial health of organizations. A CPA has a wide range of career options available.

CPAs are known for their role in income tax preparation but can specialize in many other areas, such as auditing, bookkeeping, forensic accounting, managerial accounting, and information technology.

Conclusion

Thus, there are plenty of professional courses that students from Commerce background can choose from. These are the top 5 professional courses that are highly in demand by the companies and provides a bright future. Of course, the selection is based on the interest of the student and also the future scope. With the right skills, one can definitely build a rewarding career, after pursuing any of the above-mentioned courses.

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