Types of BCom: After 12th, Courses in India

If you're thinking about getting a Bachelor's in Commerce (BCom) after finishing 12th grade, you're in for a treat. The BCom program typically lasts three years and is ideal for students with a solid background in commerce. But did you know that there are specialized BCom courses available? Let us now take a look at some of the best BCom programs in India.

Popular BCom Courses:

1. BCom in Banking and Finance:

• This course will provide you with the knowledge and skills required for a career in banking and finance.

• Accountant, Cashier, Credit Risk Manager, Equity Research Analyst, and Loan Officer are some of the job titles available.

2. BCom in Banking and Insurance:

• A course like Banking and Finance, focuses on banking jobs while also delving into insurance principles.

• Claims Officer, Financial Advisor, Insurance Manager, Loan Counselor, and Marketing Agent are all possible careers.

3. BCom in Accounting:

• This comprehensive course includes accounting, banking, management, and taxation if you want to become a Chartered Accountant.

• Chartered Accountant, Economist, Finance Manager, Financial Analyst, and Tax Accountant are some of the job titles available.

4. BCom in Applied Economics:

• This course is ideal for people interested in economics and how economic ideas are applied in corporate finance.

• Business Analyst, Data Analyst, Economics Teacher, Financial Analyst, and Investment Banker are all possible careers.

5. BCom in Business Administration:

• Consider this course if you have an interest in business management. Combine it with the US CMA to have a worldwide view.

• Banker, Business Analyst, Exporter, Financial Adviser, and Marketing Manager positions are available.

6. BCom in E-Commerce:

• Examine the growing field of e-commerce from a practical, theoretical, and technical aspect.

• Accountant, Assistant Manager, Business Consultant, Finance Manager, and Marketing Manager are some of the job titles available.

Other Types of BCom Courses:

Apart from these, BCom programmes in Marketing, Finance, Computer Applications, Management Studies, Information Technology, Statistics, Supply Chain Management, and Tourism and Travel Management are available, opening doors to a variety of professional opportunities.

Types of BCom Honours Courses:

Consider BCom Honours courses in Accountancy, Accounting and Finance, Economics, or Marketing if you want to pursue a more specialized path.

In addition your education with a professional degree when pursuing any of these courses might provide a substantial advantage in your career path.

After the 12th grade, explore the huge world of BCom courses in India to open a plethora of employment prospects. Whether you major in Banking and Finance, Accounting, Applied Economics, Business Administration, E-Commerce, or another field, your BCom degree can open the door to a successful and rewarding career in business.

FAQs

1. What is the duration of a BCom course in India?

In India, a Bachelor of Commerce (BCom) program typically lasts three years.

2. What are the eligibility criteria for admission to a BCom program?

Eligibility requirements vary by institution, but you must have completed your 12th grade or its equivalent and have a background in business or similar courses. Some colleges may consider students from other disciplines.

3. What are the career prospects after completing a BCom course?

BCom graduates have many job options, including job opportunities in accounting, finance, banking, marketing, management, and other fields. Accountants, financial analysts, bankers, business consultants, and other positions are available to them.

4. Are there specialized BCom courses available, and how do I choose one?

There are two sorts of BCom courses: BCom General and BCom Honours. There are now 14 BCom general courses and 4 BCom Honours courses available.

5. Which BCom course is the best?

BCom with a focus on Accounts and Finance is frequently regarded as one of the best options for those wishing to work in accounting or finance. The course of study aims to give a solid foundation in the basics of finance and accounting.

6. Which is the good job after BCom?

There are many successful career paths available after earning a BCom degree. Qualifications such as ACCA, US CMA, or US CPA can lead to considerable employment development for persons interested in accounting. If you're interested in finance, positions like Financial Analyst or Risk Manager are fantastic choices for progression.

Top 7 Finance Courses and Certifications in India

Finance is essential to the success of any business, whether it is established or new. It covers every aspect of an organization's operations, from resource acquisition to project financing. As a result, proper financial management is essential for any business.

The demand for financial professionals in India and around the world is also increasing. So, how do you get started with a profitable investment venture? Enrolling in one of India's top finance courses is an important achievement. Whether you're fresh out of high school, a graduate, or already working, these courses can be your ticket to a successful financial future.

The 7 best finance course and degrees in India, as well as the job opportunities:

Top 7 finance course in India.

1. ACCA (Association of Chartered Certified Accountants)

• Duration: The ACCA course can be completed in 6-24 months.

• Eligibility Criteria: Candidates must have passed their 10+2 examination with a minimum of 65% in Mathematics or Statistics and English, and no less than 50% in all other subjects in order to enroll in ACCA.

• Salary Range: An ACCA-qualified professional can earn between 7 and 19 LPA.

• Job Roles: The ACCA qualification opens the door to a variety of job opportunities, including audit consultant, risk consultant, forensic audit, internal audit, mergers and acquisitions, and others.

• Hiring Companies: Leading firms like KPMG, Deloitte, PwC, EY, and Grant Thornton are actively recruiting ACCA candidates.

Click here to know more: https://www.iproledge.com/best-online-acca-classes

2. CFA (Chartered Financial Analyst)

• Duration: CFA course typically last 2-3 years.

• Eligibility Criteria: Students with at least two years left in their undergraduate studies are eligible to register for the Level I Examination.

• Salary Range: CFA professionals in India can expect to earn between 6 and 15 LPA.

• Job Roles: Portfolio Manager, Research Analyst, Risk Manager, Corporate Financial Analyst, and Investment Banking Analyst are some of the job titles for CFAs.

• Hiring Companies: Firms such as KPMG, Deloitte, Motilal Oswal, Morgan Stanley, and others are looking for CFA candidates.

Click here to know more: https://www.iproledge.com/best-cfa-coaching-in-india

3. CMA (Certified Management Accounting)

• Duration: CMA courses are typically completed in 6-9 months.

• Eligibility Criteria: CMA is open to those who have graduated from an accredited college or university or who hold an IMA-approved professional certificate.

• Salary Range: CMAs in India earn around 6.5 LPA, with the potential to earn up to 50 LPA.

• Job Roles: CMA certification opens the door to positions such as Financial Manager, Financial Risk Manager, cost accountant, cost consultant, and others.

• Hiring Companies: Companies that are actively recruiting CMAs include L&T, Capgemini, Haier, and others.

Click here to know more: https://www.iproledge.com/cma-usa-online-classes-india

4. CFP (Chartered Financial Planner)

• Duration: CFP courses typically last 6 to 24 months.

• Eligibility Criteria: CFP is the best option for students who have completed their 12th grade and have passed the 10+2 exams.

• Salary Range: Chartered Financial Planners can earn between 3.5 and 10.3 LPA.

• Job Roles: Career opportunities include portfolio manager, tax planner, risk analyst, credit specialist, financial advisor, and mutual fund advisor.

• Hiring Companies: NBFCs and AMCs such as ICICI, Chartered Bank, RBI, JP Morgan, and Visa.

5. CA (Chartered Accountancy)

• Duration: The CA has three stages: foundation, intermediate, and final, as well as a case paper, which takes at least five years to complete.

• Eligibility Criteria: 10+2 qualification is required.

• Salary Range: Fresh CA graduates can expect an average salary in the 7-14 LPA range.

• Job Roles: CA candidates can pursue careers in internal auditing, tax auditing, regulatory auditing, professional consulting, forensic auditing, banking, and other fields.

• Hiring Companies: Companies such as KPMG, Deloitte, PwC, EY, Accenture, and others are actively seeking CA candidates.

Click here to know more: https://www.iproledge.com/ca-course

6. CS (Company Secretary)

• Duration: The long-term CS course consists of four parts: Foundation, Professional, Operational, and Vocational Training, with 15 months of practical training, totaling approximately 4-5 years.

• Eligibility Criteria: On the basis of 10+2 qualification.

• Salary Range: Fresh CS graduates can expect an average salary of 3.6-12.7 LPA.

• Job Roles: CS candidates provide legal, secretarial, and corporate governance services, as well as corporate restructuring, arbitration and conciliation, foreign collaborations, and joint ventures.

• Hiring Companies: Companies like KPMG, Deloitte, PwC and EY recruit CS candidates.

Click here to know more: https://www.iproledge.com/company-secretary

7. FRM (Financial Risk Manager)

• Duration: The FRM course typically takes two to three years to complete.

• Eligibility Criteria: A bachelor's degree and two years of relevant work experience are required.

• Salary Range: FRMs can expect to earn between 3.2 and 5 LPA on average.

• Job Roles: FRM professionals can pursue careers in risk management, marketing, planning, and other fields.

• Hiring Companies: Companies like Amazon, Deloitte, PayPal and American Express are actively recruiting FRMs.

Click here to know more: https://www.iproledge.com/financial-risk-manager

In conclusion, these finance courses and certifications provide aspiring finance professionals in India with a diverse range of opportunities. They are in high demand and have global recognition, making them excellent choices for those looking for rewarding careers in finance. Consider exploring iProledge, a renowned institution for finance education, to learn more about these courses and receive top-notch coaching.

FAQ

1. What is the eligibility criteria for ACCA?

To be qualified for the Association of Chartered Certified Accountants (ACCA) programme, students must have passed their 10+2 exams with a minimum of 65% in mathematics or accounting and English, as well as a minimum of 50% in all other disciplines.

2. How long does it take to complete the CFA course?

The Chartered Financial Analyst (CFA) program normally lasts two to three years. Students with two years left in their undergraduate studies may enrol for the Level I exam.

3. What are the job prospects after completing a CMA certification?

Individuals with the Certified Management Accountant (CMA) certification are qualified for jobs such as Finance Manager, Financial Risk Manager, cost accountant, cost consultant, and others, with salary ranging from 6.5 to 50 LPA.

4. Can I pursue the Chartered Financial Planner (CFP) course after 12th grade?

Yes, following the 12th grade, CFP is a fantastic finance degree in India. Candidates must have passed their 10+2 exams to be eligible for this programme.

5. What are the career opportunities for a Company Secretary (CS) in India?

Company Secretaries (CS) offers legal, secretarial, and corporate governance services, as well as corporate restructuring, mediation and conciliation, overseas collaboration and joint ventures, business planning, due diligence, and corporate consulting to new CS graduates.

Also Know about:

1. The Best CMA USA Coaching in Karnataka 2. CPA Course, Coaching & Examinations in India 3. What to Do After Your CMA Exam

4. Choosing Between CMA and CPA Certification: Which Is Best for You?

5. The Benefits of Becoming an ACCA

CPA vs CA: Choosing the Right Accounting Certification for Your Career

Accounting professionals are increasingly valuing specialized knowledge and skill development as the accounting profession evolves in response to changing rules around the world. This has prompted a debate about the differences between US CPAs and CAs and which certification provides a competitive advantage. In this post, we will look at the differences between the Certified Public Accountant (CPA) and Chartered Accountant (CA) qualifications, taking into account a variety of factors to assist you make an informed career choice.

What is the Difference Between US CPA and CA?

Let's look at the main differences between a US Certified Public Accountant (CPA) in the and a Chartered Accountant (CA).

1. Certification Authorities:

• US CPA: Administered by the American Institute of CPAs (AICPA).

• CA: Overseen by The Institute of Chartered Accountants of India (ICAI).

2. Global Recognition:

• US CPA is internationally recognized, while CA is predominantly accepted in India and select Middle Eastern countries.

3. Curriculum:

• CPA covers International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP).

• CA focuses primarily on Indian GAAP.

4. Exam Duration:

• CA programs normally take four to five years to finish, whereas CPA programs can be completed in as short as seven months to one year.

5. Exam Format:

• CPA exams are given online, but CA exams are given in offline.

6. Articleship Requirement:

• CA candidates must complete at least three years of articleship with a chartered accounting firm, but CPA candidates do not need to do so.

7. Exam Structure:

• CPA comprises four parts: FAR, AUD, BEC, and REG.

• CA exams include Common Proficiency Test (CPT), Integrated Professional Competence Course (IPCC or IPCE), and the final exam.

Eligibility Criteria for CPA and CA

To clarify the eligibility criteria for both certifications:

• CPA: A Bachelor of Commerce (B.Com) with a first-class mark, or a B.Com and a Postgraduate Degree, is required. CPA exams are open to Indian CAs with a B.Com degree.

• CA: Following the Senior Secondary Exam, candidates must pass the Common Proficiency Test (CPT), which is administered biannually.

Syllabus for CPA and CA

Here is a comparison of the syllabus for CPA and CA:

CPA:

• Financial Accounting & Reporting (FAR)

• Auditing & Attestation (AUD)

• Regulation (REG)

• Business Environment & Concepts (BEC)

CA:

Foundation Level (4 Papers)

• Paper 1: Principles and Practice of Accounting

• Paper 2: Business Laws and Business Correspondence and Reporting

• Paper 3: Business Mathematics and Logical Reasoning & Statistics (MCQ)

• Paper 4: Business Economics and Business and Commercial Knowledge (MCQ)
  

Intermediate Level (8 Papers)

• Paper 1: Accounting

• Paper 2: Corporate and Other Laws

• Paper 3: Cost and Management Accounting

• Paper 4: Taxation

• Paper 5: Advanced Accounting

• Paper 6: Auditing and Assurance

• Paper 7: Enterprise Information Systems & Strategic Management

• Paper 8: Financial Management & Economics for Finance
  

Final Level (8 Papers further Divided into Essentials and Elective)

a) Essentials

• Paper 1: Financial Reporting

• Paper 2: Strategic Financial Management

• Paper 3: Advanced Auditing and Professional Ethics

• Paper 4: Corporate and Economic Laws

• Paper 5: Strategic Cost Management and Performance Evaluation

b) Elective

• Paper 6A: Risk Management

• Paper 6B: Financial Services and Capital Markets

• Paper 6C: International Taxation

• Paper 6D: Economic Laws

• Paper 6E: Global Financial Reporting Standards

• Paper 6F: Multidisciplinary Case Study

• Paper 7: Direct Tax Laws and International Taxation

• Paper 8: Indirect Tax Laws

Career Opportunities

Understanding career prospects is vital in the CPA vs. CA decision:

CPA:

• Credit Analyst

• Financial Analyst

• Research Analyst

• Senior Public Accountant

• Senior Accountant

• Accounting Director

• Tax Consulting

• Internal Audit

• Chief Financial Officer

• Auditor

• Finance manager

CA:

• Auditing

• Financial & Cost Accounting

• Taxation

• Management Accounting

• Chief Accountant

• Chief Financial Officer

• Chief Manager

• Department Heads

• Lecturer/Professor

• Advisor to the Government

• GST Service Providers

• Internal Audit

• Finance manager

CPA vs. CA – Salary Comparison:

CPA:

• In India, CPAs earn an average annual salary of INR 7,68,552.

• In the US, fresh CPAs earn around USD 67,000 annually, while experienced CPAs can make USD 165,000 per year.

CA:

• In India, the typical annual compensation for CAs is around INR 6-7 lakhs.

• Salary packages can go up to 75 lakhs outside India.

Conclusion

The decision between CPA and CA depends on by your career ambitions and aspirations. CPA provides a worldwide perspective, making it perfect for foreign prospects, whilst CA lays the groundwork for specialization within India. Consider your goals and the differences discussed above before making an informed selection about your accounting profession.

Consider iProledge as your trusted partner in reaching your professional goals for the best CPA and CA coaching in Bangalore.

Why iProledge ?

• Multiple Educators: Learn from the best in the industry, with insights from a diverse panel of experts.

• Handmade Study Notes: Comprehensive and concise notes to facilitate effective learning.

• Personalized Study Planner: Tailored schedules to optimise your preparation journey.

• Question Bank: Extensive practice questions for honing your skills.

• Personal Mentorship: One-on-one guidance from experienced mentors.

• 24/7 Support: Assistance whenever you need it, around the clock.

• Physical and Mental Health Support: Your well-being is our priority.

• Webinars and Meetups: Engage in interactive sessions with professionals.

• Corporate Grooming Sessions: Enhance your professional behaviour.

• Placement Assistance: Guidance for career opportunities post-qualification.

• Career Guidance: Chart your path with expert advice.

FAQ

1. What is a CPA?

A CPA, or Certified Public Accountant, is a professional accounting certification that is widely recognized around the world, particularly in the United States. It represents knowledge of accounting, auditing, taxation, and financial planning.

2. How do I become a CPA?

To become a CPA, you must normally achieve school standards, pass the CPA exam, and meet experience requirements, which vary by jurisdiction.

3. What is the CPA exam format?

Financial Accounting & Reporting (FAR), Auditing & Attestation (AUD), Regulation (REG), and Business Environment & Concepts (BEC) are the four areas of the CPA exam. Multiple-choice questions (MCQs) and task-based simulations (TBS) are included.

4. How long does it take to become a CPA?

The time it takes to become a CPA varies, but it usually takes between seven months and a year to finish the CPA program and pass all four exam portions.

5. Is a CPA recognized internationally?

Yes, a CPA is recognized internationally, making it a valuable credential for working in various countries and international accounting roles.

6. Which the best CPA USA coaching class in India?

iProledge is the Best CPA coaching class in India, noted for its high-quality instruction and knowledgeable teachers. The "best" coaching class, on the other hand, may differ depending on individual preferences and needs. It's a good idea to do some research and compare coaching options to see which one best fits your needs and goals.

7. What is a CA?

A CA, or Chartered Accountant, is a professional accounting certification that is most commonly found in India. CAs are accounting, auditing, taxes, and financial management experts.

8. How do I become a CA?

To become a CA, you must first pass the Common Proficiency Test (CPT), then the Integrated Professional Competence Course (IPCC or IPCE), and finally the final CA test, as well as complete articleship training.

9. Which certification is better, CPA or CA?

The decision between CPA and CA depends on by your career aspirations and location. CPA provides international recognition, while CA allows for specialization within India. When making a decision, keep your goals in mind.

10. What are the career opportunities after earning a CPA or CA certification?

Both qualifications give access to a variety of accounting and finance positions, such as auditing, consulting, and taxes. CPAs may have an advantage when it comes to foreign prospects.

11. Where can I find the best coaching for CPA and CA?

Consider known institutes like iProledge in Bangalore and read online reviews and suggestions from people who have sought these certifications to discover the best CPA and CA tutoring.