Getting a BCom degree is quite a milestone. The journey in the fascinating finance and accounting world hasn't begun yet. There is a plentitude of opportunities in financial accounting for ambitious professionals like you. Just consider the best career options after BCom and strategically prepare for it.
This is an industry where, purely due to numbers, jobs can prove rewarding for investments if one is particular about his numbers, strategy, or financial planning. Senior roles will command anywhere from ₹20,00,000 to ₹50,00,000 a year in India and $150,000 to $300,000 in the U.S. There could be controllers and even CFOs.
In this article, we will see how you must prepare for successful career options after a BCom—Financial Accounting job, your career, and the best pathways you might take by realising what is required in each one.
Now that you have your BCom, the world has some of the best career options. Let's take some of the top financial accounting careers after BCom and what they could mean for you.
1. Chartered Accountant (CA)
CA degree is one of the very prestigious ones that help a student specialise in areas related to taxation, auditing, and financial management. The most coveted career option, especially for BCom pass-outs, is in CAs. It offers professional training with one of the toughest exams ever taken. Thus, it delivers an immense payback in terms of rewards. Now, CAs are in extreme demand worldwide.
2. Certified Management Accountant (CMA)
The CMA is specialised in financial strategy, planning, and management accounting. This is globally recognised and, hence, suitable for multinational companies. It has equipped you with financial planning, analysis, control, and decision-support skills.
3. Financial Analyst
As a financial analyst, one will analyse financial data, identify trends in the market, and give proper investment or business strategy proposals. This work requires powerful analytical skills and a keen eye for detail. Hence, this is an ideal occupation for anyone who likes data interpretation.
4. Tax consultant
Tax consultants help entities and individuals understand this immensely complex body of tax laws. Therefore, such a role is critical in complying with and optimising their tax liabilities. Tax consultants primarily work either individually or in consulting firms.
5. Auditor
Auditing is very, very important because it plays the role of confirming the accuracy and adherence of the financial documents. This is the critical point of using internal and external auditors while evaluating the validity of the financial statements, plus internal controls ensure legal requirements; therefore, perfect professional practice.
6. Accounting Career Options for BCom Graduates
The diversified and highly rewarding accounting career options that can be availed of for BCom graduates range from junior accountants to financial planners. The jobs function as stepping stones to other posts, such as financial controllers or CFOs.
7. Financial Planner
Financial planners help individuals and organisations achieve financial goals through customised investment, saving, and retirement planning schemes. This is a brilliant profession for BCom pass-outs who like direct client interaction.
Steps towards achieving Financial Accounting Jobs after BCom
- Strong Foundation
Master accounting principles, financial reporting, and taxation using the BCom curriculum. The right foundation leads to a promising career. Focus on key subjects like:
- Financial Accounting
- Corporate Finance
- Cost Accounting
- Taxation
- Specialised Program
A postgraduate Financial Management Course will dramatically improve your skills and employment prospects. For instance, the Imarticus Learning Post Graduate Financial Accounting and Management Course gives you:
- Practical projects
- Industry tools usage
- Job-readiness skills
Such courses help bridge the gap between your theoretical knowledge and industry needs.
- Get Top-notch Certifications
Professional certifications go a long way in upgrading your resume. Among the most recognised ones include:
- CA-Chartered Accountant
- CMA-Certified Management Accountant
- ACCA (Association of Chartered Certified Accountants)
- CPA (Certified Public Accountant)
Besides opening up global job prospects, these certifications will get your skills noticed.
- Gain Practical Exposure
Experience is the best teacher, especially when it comes to financial accounting. Take up internships, part-time work, or freelancing work. Experience of working with others in this field will expose you to things you could never learn from textbooks.
- Networking is the Key
Professional networking is one of the most vital processes involved in career development. Focus on attending seminars, webinars, and networking events affiliated with various industries to meet people with similar interests and potential employers. Apart from that, use LinkedIn to present your skills and expand your professional community.
- Development of Soft Skills
Technical skills are not to be underestimated. However, communication, time management, and problem-solving skills are par with this. Most accountants function in cross-functional teams. Therefore, interpersonal skills are of prime importance in a career.
Popular Career Options after BCom
Entry-Level Jobs
For a fresher BCom graduate, entry-level positions provide the perfect base to start and acquire knowledge through experience. These are some of the usual entry-level jobs:
- Junior Accountant
- Accounts Assistant
- Financial Planning Associate
- Middle-Level Jobs
Once you get some experience, you can move to the middle-grade group whose jobs are said to increase in responsibilities, but also the salaries tend to boost; among the most desired jobs that seem trendy in this level are:
- Financial analyst
- Management accountant
- Tax expert
- Top-level Jobs
- Financial controller
- Director of Finance
- Chief Financial Officer
The same roles might have some advanced certifications along with huge experience; but in exchange, they offer great remuneration as well as power.
Why Financial Accounting & Management at Imarticus Learning?
Industry-First Curriculum
The curriculum at Imarticus has been designed keeping in mind the fast-changing demands of the world of financial accounting. Curriculums are made basic and advanced to hone the skills from basic level to advanced level required to perform in a job or career.
Proactive learning for job readiness
It has a one-on-one approach using actual projects that make a student job-ready for those demanding roles. Pragmatic learning through such an approach ensures that one can very confidently apply his skills to real-world practice.
Exemplary Outcomes
- 100% job guarantee
- 7 assured interviews
- Average starting salaries of 6-8 LPA & 60% hike in salary
Trusted Partner for Success
Since Imarticus Learning is a good brand with over 1,000 hiring partners as well as a track of excellence, it ensures learning to reach the desired careers in an efficient manner.
FAQs
What are the highest-paid jobs in financial accounting right after BCom?
The most fulfilling and highest-paid jobs encompassed by these three professional tracks are Chartered Accountant, Financial Analyst, and CFO. These occupations most frequently appear in virtually every industry. The profession typically encompasses tremendous benefits coupled with attendant responsibilities.
- What can a master's degree in financial management do for me?
These courses equip you with relevant knowledge, hands on practices, and the certificates enhance your employability even in the competitive markets. It prepares you for work beyond providing you with hand-on exposure in the industries
- Entry-level accounting average pay salary
In India there is an entry-level accounting position that is earning annually around ₹2,00,000- ₹3,50,000. With experience and some added qualifications, it increases tenfold.
- Do I require other certificates after BCom?
Though it is not mandatory, a choice of CA, CMA, or ACCA while applying to jobs works superbly well. It gives the required skill certification that eventually yields better salary pay.
- How will I know the trends prevailing in this industry?
Read financial news services. Attend webinars and continuing education classes. Attend webinars and take continuing education classes to network with other professionals. Current trends will stay current when networking with other professionals and joining professional associations.
Conclusion
The net result of joining the field of financial accounting is much stronger in terms of a sound combination of strong foundational knowledge, relevant certifications, and practical experiences. The best options after BCom, along with upskilling based on learning industry-focused courses might prepare you to have accelerated growth in one's career that may create avenues for having an outstanding financial accounting future for individuals.
I would tell the reader never wait for doors to be opened; make a door. Learn from Postgraduate Financial Accounting and Management from Imarticus Learning today itself and walk out a victorious financial accountant.
