In a nation like India, the student population is quite large. There are plenty of students in India and with this comes the speculation and the future orientation for the students. After all these students are the one who will further progress in life and develop a career ahead and in the way will help the nation. It’s why students are also called the future pillar of the nation too.
A student has different phases in life starting right from their first journey into the academic life and that continues to go along. There are phases after class 10, class 12, after graduation and much more. We have another section lined up for the after class 10 and class 12 part and we here solely look into the queries on the after graduation part.
Graduation as we all know about is quite a time of life. It is what defines how we spend the rest of our life and go ahead in life. This is where we have to take the right step in life and then everything will become good. The road ahead of graduation seeks different path. You can either go through a path where you can take different courses that will increase your worthiness and amplify your progress chart. We here look at these different courses where you can learn and then earn plenty.
The scope after graduation in commerce stream
Commerce is the new world in financial and management sector. These are the way by which new sector are opening in commerce sector. There is quite a scope after commerce that student can go for. There are different field where commerce student is needed such as financial management, accounting, and top level of management.
Graduation is not enough so you can do also post graduation or some professional course which is suitable according to commerce faculty. There are many more courses which up great the graduation. There is problem for selecting the best course suitable for you when there is more scope. It is where you need to have a clear concise as that is what prepares you for the boding future and will keep you on the high salary paying jobs and responsibilities.
What sort of course should we go for after graduation in commerce stream?
There are different courses and certificate types that you can go for if you want to after once you complete the graduation in commerce stream. The door is wide open and you can always get the respective field that you want for. There are different courses on offer with the post graduate options and there are also some diploma courses also. And if you want a short term course then many professional courses come along that you can take also after you complete the graduation course.
Some of the major courses that you can take along are the ever quintessential MBA, CA, CFA, M.Com, FRM and much more. We will talk about all these in depth down below for you. Read along.
List of Courses after Graduation in Commerce stream
- Masters in management
- Masters in business administration (MBA)
- Masters in commerce (M. com)
- Chartered Accountant (CA)
- Certified Management Accountant (CMA)
- Chartered Financial Analyst (CFA)
- US Certified Public Accounting (CPA)
- Financial Risk Manager (FRM)
- Association of Chartered Certified Accountants (ACCA)
We will continue along with the in-depth description of all these courses down below.
1. Masters in Management
One of the most popular courses to take along after completing the graduation in commerce is Masters in Management. This course is pretty much a continuation of what you learn in the Bachelor of Management and will allow you to gain the much vital needed specialist knowledge about the further aspects of management.
Let’s discuss about the course in brief down below:
This is a two year course and is one of the popular post graduate options for students. The students can seek the growth in the field of management via this degree and can further reach ahead to learn the in-depth aspects of management, application, organization and more. This course will keep you quite ahead on your contemporaries.
As is the case with most of the post graduate programs you need to appear for entrance test where you have to pass the certain criteria of marks. After that you can then appear for the face to face interview where your selection will be done and then you can do the admission thereupon for the course. The criteria also changes a bit from college to college.
A student with a post graduate qualification in Masters in Management can pursue roles like manager, an organizational leader, bank jobs, corporate jobs and much more.
2. Masters of Business Administration (MBA)
MBA is one of the most evergreen courses that you can join along after you have completed the graduation course in commerce stream. It is the right way forward and will amplify your knowledge of various aspects of going ahead with management, performance, business administration and much more.
Here’s the course and scope for this course
MBA, another popular post graduate program is also a two year course and can be taken up by the students after they have completed their graduation. The students can learn the aspects of business management and more and then can excel ahead in life with these courses. They can also achieve many more leadership roles with this course.
The MBA course requires a student to achieve a certain eligibility criteria so as to reach towards the admission. They need to appear for tests and then prepare for the same. These tests are generally CAT/MAT/XAT. After that they also have to appear for a personal interview session which will determine their admission criteria.
MBA is one of the best growth worthy courses around and you can take along this course and learn all the aspects of business administration and management here. This will help you get the jobs in banks, higher management, corporate structure and more.
Also Read: Top 10 Best Countries For Study MBA Abroad
3. Masters in commerce (M. com)
Masters in Commerce or M.Com as we shortly acronym it by is one of the major course to pursue in life once you complete your graduation in commerce field. This course focusses on making you a specialist in the said field of commerce and management. It is also an extension or continuation of the learning that you grab during the graduation time and it makes you a known expert in the field.
Let’s find out more about this course down below:
M.Com is a two year post graduate course that is one of the best practical courses that you can take for after the graduation. It allows you to gain the knowledge in the fields of leadership, management, human management, profit making and more. This course helps you gain the much needed learning about the commerce and management.
The students appearing for M.Com degree need to have an eligibility which is determined in terms of assessment and interview round. A student needs to have an eligible bachelor’s degree in the similar field and then appear for entrance tests. After that you can then go for the personal interview test and complete that.
M.Com course is one of the best courses to pursue once you have completed the graduation. It allows you to have a prominent role in the leadership, management, business application and much more.
4. Chartered Accountant (CA)
Chartered Accountancy is certainly one of the best courses and also one of the most lucrative professional courses that you can take along in your career. It provides ultimate flight to your ambition of making it big in the field of accountancy and more.
Here’s the course, scope and eligibility for this course
This is a professional course and is based on three different levels, i.e.Foundation, Intermediate and Final. All these three levels of course are based on assessment where you need to appear for exams and then once you clear the same you can then go for the next level. After completing the final level you will be awarded with the qualification of Chartered Accountancy. Here you learn the aspects of accounts, tax, laws, audit and more.
The eligibility criteria for this one reckons at class 12 pass. And if you go by that route you have to appear for all three levels. But if you are someone with graduation degree then you can start right from Intermediate levels. You have to have 55% in your graduation so as to take on this course.
This course allows the students to get the jobs in the field of accountancy, taxation, laws, corporate jobs, auditor and more. They can also start their own practice if they want.
5. Certified Management Accountant (CMA)
Certified Management Accountant is a similar course to the CA field that you can take along after you have completed the graduation course. This course is also a professional course and takes on a more prominent study in the management and costing field.
Here’s the course and scope for this course
This course is a professional course and has three different levels just like the CA field. This course is more sided towards the specialization in the field of costing and management. This course helps you to go global route and learnt the professional conduct and ethics. It takes on aspects like financial planning, analysis, decision making and more.
A student needs to have a relevant bachelor qualification so that they can pursue the CMA course ahead. This course requires a student to have a 55% aggregate in the graduation and then they can start their journey into it.
A CMA qualification is a professional degree that will open numerous doors for you. This course will help you to grow and reach the job of corporate leaders, analyst and much more.
6. Chartered Financial Analyst (CFA)
Just as we talked about the CA and the CMA field above, those courses take on a specialization in accounts and costing field. This course, i.e. Chartered Financial Analyst (CFA) allows a student to achieve a prominent knowledge in the field of finance. Here a student learns various aspect of analysis and financial planning.
Here’s the course, scope and eligibility for this course
This being a professional course revolves around in three levels, i.e. CFA level 1, CFA level 2 and CFA level 3. Here the student needs to clear the levels so as to reach the next level.The courses dwell on the aspects of finance, costing, accountancy, business analysis and more where the students learn the different implication and practical life application of the same. This is a globally recognized degree and will open the doors for you all over the globe.
The students need to have a prior graduation degree in the relevant field so as to appear for the CFA admission. Once that is eligible then the student can further go ahead with the continuation of the study.
This is a global degree and the student can have the job in different fields of accountancy, corporate and other financial analysis field. This course since is a global recognition degree will help you go global and take on various world aspects.
7. US Certified Public Accounting (CPA)
CPA course is another professional course in our list that a student can take over once he is done with the graduation in the commerce field. This course is similar to the CA course which is run in India. This one is a US based certified Public Accounting course and a student taking this course will get the leverage of learning the global learning and more.
We here will talk about them down below
This course is a professional degree and has three different levels and stages that you need to clear for attaining the degree. This course looks into the aspect of teaching a student the aspect of teaching the accountancy, taxation, law, and more. A student with this qualification can learn to become one of the leaders of the field.
This course requires a student to achieve a relevant bachelor’s degree in the same field and have a relevant equivalent marks which will then certify the students to have a start in this field.
There is so much scope for students who clear the US certified CPA degree. They can go for the jobs in the field of accounting and taxation and then they can join the top leaders and more.
8. Financial Risk Manager (FRM)
Another popular course in the field of commerce after the graduation field is FRM also known by as Financial Risk Manager. This course is a two level based course where you have to appear for exams and then you can clear it out. After that you will get the job of FRM here. This course is a good upgrade on your existing degree and will land you various important and financially rewarding jobs.
We here will talk about them down below
This course features a two-level course where you can then pursue and then you can clear the exams to achieve the degree. Here the student will have to appear for a few papers and the same can be completed within a year of it. Many students go for this course so as to get ahead in life.
A student needs to have an eligible bachelor’s qualification in the relevant field so that they can then start the journey to become aFRM qualification holder. The students need to appear and admission themselves for becoming a FRM and the course will begin.
A person with a FRM degree can get the jobs of financial analyst, financial planner, risk manager, auditor and much more in life. These roles are highly rewarding and good paying.
9. Association of Chartered Certified Accountants (ACCA)
This course is similar to the CA course and is basically born out of UK. This is as part of the Association of Chartered Certified Accountants and this course allows a student to get to learn the different aspects of accountancy and further grow and earn lots of financial reward also.
We here will talk about them down below
This course has three different levels which are denoted by Knowledge, Skill and Professional. A student needs to clear out the papers and go for a practical training where they can then earn the qualification of ACCA. This course looks into the practical implication of being into accountancy and laws and taxation. A student needs to clear 13 papers in total whilst becoming a ACCA.
A student should have a bachelor’s degree if they are to pursue an ACCA qualification. Although students with class 12 qualification can also join the same. The student needs to have 55% marks in their graduation and that way they become eligible to appear for ACCA degree.
A student with ACCA qualification will have a global degree and can get the jobs in the field of accountancy, taxation, laws, audit and much more. They can also go into a practice of their own and provide service.
Some Frequently Asked Questions
- How to decide if to pursue a PG course after a UG commerce-based course? Is it important that a PG course must be completed to get employed?
Most of the students today are confused if to pursue a PG course or not, this is natural as there are a lot of students who pursue a PG course after UG. One of the simple facts is that, pursue a PG course only if you really need it. If you have a specific type of job in mind, check if the prerequisites include PG graduation, if not, then do not waste your time pursuing PG. On the other hand, some firms promote and offer better job titles only if certain educational qualifications are satisfied, if you are working in such a firm and PG graduation is required to move up the ladder, pursue it part-time. Unless it is worthless to gather all the degrees.
- Which course is better, CA or ACCA?
Both the courses are good, but, if you are thinking of moving up the ladder and migrating to other countries, then ACCA has an upper hand over CA. CA could be considered a local qualification that has great demand in India, but, ACCA is an internationally recognized qualification. Graduate ACCA and you could work anywhere, however, the demand for ACCA graduates in India is comparatively less, ACCA is more useful outside India.
- Is it true that CA is tougher to pass than ACCA? Why?
Yes, indeed, CA is generally considered tougher than ACCA. A study conducted in the year 2018 concluded that only 9.09 percent of candidates who attend the exam pass the CA exam while 40% of the candidates who attend the ACCA exam pass. One of the main reasons why CA is tougher is because CA course is not flexible, in CA subjects are grouped, if you fail a subject in the group, you need to rewrite all the subjects in that group. But, for ACCA only failed subject needs to be re-attended and pass. Apart from all these, students are free to attempt ACCA exams at their own convenience.
- Which course is better CMA or CPA?
For the sake of comparison, we will mention the key differences between these courses. CPA is better for public accounting and the CMA course is better suited for a specific industry. If compared to CMA, CPA is more recognized and more preferred by accounting firms. When it comes to salary, a CPA graduate tends to draw comparatively more salary than a CMA graduate. When it comes to the examination, both the courses have almost equal passing percentage of candidates. Now, based on the information mentioned above, you decide which course is better among them.
- Masters in management is different from a master’s in business administration?
Yes, both the courses are different. Masters in Management (MIM) is a course best suited for candidates with no work experience or work history. It is an introductory alternative to an MBA course, but, not as highly-sought as an MBA course.
These courses mentioned above allows you to gain the qualification after completing the graduation in commerce stream. All these courses are job oriented and allows you to get the good jobs and professional exposure in your life. We hope these courses will help you learn and guide yourself towards getting a good learning and career in life.
Rahul Kumar is a passionate educator, writer, and subject matter expert in the field of education and professional development. As an author on CoursesXpert, Rahul Kumar’s articles cover a wide range of topics, from various courses, educational and career guidance.