Courses after 12th Commerce for better career
Now that you have cleared your class 12 examinations, have you given any thoughts on what you want to do next? What are the courses after 12th you should opt?
If you are thinking of choosing a career in Commerce then we would say itâ€™s a great choice. In India, Commerce has grown tremendously and is known for providing a wide scope of career options to pursue after class 12. It further gets wider with students realizing the importance of Commerce and the specialization courses associated with it. These courses not only give you an opportunity to grow and make an illustrious career but also help you become the top-notch in your professional career. But the question which troubles you is â€˜Which career option to choose?â€™
It is not a compulsion that you need to have completed your Higher Secondary from Commerce only. A Science or an Artsâ€™ student can also pursue these specialized courses after class 12. As it is rightly said “It’s not what you achieve, it’s what you overcome. That’s what defines your career”. All you need is dedication, hard-working spirit and self-confidence to face all the hurdles coming your way. Now let me throw some light on some of the most prestigious and industry respected career options you can opt for after class 12.
ACCA (Association of Chartered Certified Accountants)
ACCA is the worldâ€™s leading and fastest-growing international accountancy organization with 233,000 members and 536,000 students in 178 countries. The ACCA qualification helps in developing successful careers in the fields of accounting, banking, management, and consulting. The major advantage of pursuing this course is that you can start from a level apt as per your academic qualifications and hence compete for senior roles. ACCA course is one of the rare professional courses that can be pursued even after 12th and after graduation or a post-graduation. Pursuing the ACCA course after graduation is beneficial since you can skip a level and jump to the second level or at least opt for exemption in certain exams.
CERTIFICATIONS & RECOGNITIONS WITH ACCA:
Various Certifications and recognition can be earned with ACCA. It shouldnâ€™t surprise you when we say that you can earn:
â€¢ Diploma in Accounting and Business (on completion of F1 to F3 and Professional Ethics Module)
â€¢ Advanced Diploma in Accounting and Business (on completion of F1to F9, Professional Ethics Module)
â€¢ B.Sc. in Applied Accounting from Oxford Brookes University
â€¢ ACCA professional membership (on completion of all 14 exams, 3 yrs work experience and Professional Ethics Module)
â€¢ Membership of the Institute of Internal Auditors USA (after passing 3 papers)
â€¢ Membership of Singapore Institute of Certified Public Accountants
â€¢ Membership of Malaysia Institute of Certified Public Accountants
â€¢ Membership of Hong Kong Institute of Certified Public Accountants
â€¢ Students who have completed 12th from Commerce stream
(Pass in 5 subjects including English and Mathematics / Accounts, a mark of 65% in at least 2 subjects and over 50% in the others)
â€¢ Students pursuing Graduation in Commerce (B.Com, BBA, BMS, etc.) or B.A/B.Sc. graduates from a recognized university through Foundation in Accountancy.
The ACCA exams give you the theory beyond your knowledge of accountancy but alongside theory, the experience prepares you for a challenging career as a professional accountant. This qualification closely links practical experience to your studies. This helps you in applying the knowledge you gain from exams to your work and impress your future employers by showing them that you have a perfect mixture of knowledge with skills. You should think about the practical experience you need to gain for the ACCA Qualification when looking for a job and choosing your employer.
Visit our ACCA course page for further details.
CMA (Certified Management Accountant)
Certified Management Accountants (CMA) are strategic financial management professionals with accounting skills and leadership competencies in international competitiveness, market development, human resources management, and information technologies. This international certification makes you the preferred choice of potential employers. It is offered by the Institute of Management Accountants (IMA) which is based in the USA and the content is regularly reviewed by the Institute of Certified Management Accountants (ICMA). It has been offered since 1972 and the Institute operates in 140 countries and has over 1,44,000 members. It is the only professional course in management accountancy that trains the candidate intensively.
CAREER ADVANTAGE WITH CMA CERTIFICATION:
Having a CMA Certification makes you compatible with many titles in your career. These titles include:
â€¢ Staff Accountant
â€¢ Financial analyst
â€¢ Budget analyst
â€¢ Internal auditor
â€¢ Finance manager
â€¢ Vice president of finance
â€¢ Chief financial officer (CFO)
â€¢ Chief executive officer (CEO)
â€¢ A bachelor’s degree from an accredited college or university, preferably B.Com, BBA, BMS
â€¢ A GRE or GMAT score in or above the fiftieth percentile or current certification in a comparable field such as Certified Public Accountant
CMA certification is widely accepted in India and in the job markets of US, Canada, Europe, Middle East and China. Average CMA entry-level earning potential is more than any other professional’s entry-level salary. According to IMA’s salary survey from 2016, accountants with CMA certification earned 49-50% more than non-certified accountants at the same levels.
Visit our CMA course page for further details.
CPA (Certified Public Accountant)
A Certified Public Accountant (CPA) is the highest standard of competence in the field of Accountancy across the globe. The exam is administered by the American Institute of Certified Public Accountants (AICPA), which is the worldâ€™s largest accounting body with 431,000+ members in 130 countries. A CPA qualification is similar to the Indian CA qualification. In addition to the CA qualification, a CPA will have knowledge of US Generally Accepted Accounting Principles (GAAP), IFRS (International Financial Reporting Standards), Generally Accepted Accounting Standards (GAAS), US federal taxation, and business laws. This gives a great advantage to a CPA when working with US Based Financial firms or Indian firms working for US clients.
A CPA qualification is similar to the Indian CA qualification. In addition to the CA qualification, a CPA will have knowledge of US Generally Accepted Accounting Principles (GAAP), IFRS (International Financial Reporting Standards), Generally Accepted Accounting Standards (GAAS), US federal taxation and business laws. This gives a great advantage to a CPA when working with US Based Financial firms or Indian firms working for US clients.
CAREER ADVANTAGE WITH CPA CERTIFICATION:
CPA certification opens doors to a wide variety of career options. Some current hot areas in accounting include:
â€¢ Assurance Services
â€¢ Forensic Accounting
â€¢ International Accounting
â€¢ Internal & External Auditing
â€¢ Tax & Financial Planning
â€¢ Consulting Services
â€¢ Forensic Accounting
With global recognition, a CPA can always find the best place to work anywhere and a salary with at least 30 – 40% more than the other accounting professionals.
â€¢ A bachelorâ€™s degree in accounting (B.Com, BBA, BMS) as well as a Masterâ€™s degree in accounting or taxation (MBA, M.Com, CA) from an accredited college or university
â€¢ A specific amount of professional work experience in public accounting (the required duration and type of experience varies according to licensing jurisdiction).
CPA is most suitable for CA, ICWA, CS, LLB, MBA (Finance), M.Com Professionals. By earning your CPA certificate, you can position yourself for a rewarding and broad-based career path.
Visit our CPA course page for further details.
Clearing all three of the above exams will earn you international certification which will be the best for your career. Other than these three esteemed courses, you have other career options that you can go for. Some of these are:
Post Graduate Program in Business Accounting & Taxation (PGP-BAT)
There are chances that you may not have heard about this certification before but if you are looking for accounting certification then this one is a good career option. If you are going for you will have hands on expertise in the field of Accounting, Taxation, Reporting and Compliance integrated with high end accounting software and applications like Tally ERP 9, SAP, Advanced Excel, Busy Software. The course is best suited for candidates who want to learn the business accounting topic in depth and learn the skills that are required in the industry today. With the tax system in India undergoing a lot of changes, it is a smart choice to take professional training in the taxation segment. The PGP-BAT course covers all the latest updates in the tax system and the in demand accounting methodology and technologies.
Career advantage with Post Graduate Program in Business Accounting & Taxation
Having a PGP-BAT Certification makes you compatible with many titles in your career. Some of them are:
- Accounts Assistant
- Sr. Accountant
- Accounts Manager
- Manager/Sr. Manager
Visit our PGP-BAT course page for further details
CA (Chartered Accountant)
Charted accountants specialize in the fields of accounting, including public management and government accounting. Job duties of a Chartered Accountant differ greatly within specific positions. Many duties are shared between CAs that include preparing financial reports and documents, maintaining investments records, reviewing potential financial risk as well as providing professional opinions in regards to the fiscal decisions of the firm.
You can enroll directly for the Intermediate (IPC) course by the ICAI if you have passed your 10+2 as well as Common Proficiency Test (CPT.)
â€¢ Bachelor’s degree in a financial field and two years of post-graduate study
â€¢ Three years of work experience supervised by a CA
CS (Company Secretary)
Company Secretary is a professional course which is administered by The Institute of Company Secretaries of India (ICSI). Company Secretary Course provides you with the knowledge and understanding of the modern corporate financial and legal affair practices. To get a Company Secretary certification, the candidate needs to pass the Foundation Program, Executive Program, and Professional Program. You can appear for the Foundation Program for Company Secretary, if you have passed 10+2 in any stream.
â€¢ Candidates who have passed senior secondary (10+2) can apply for the Foundation Program
â€¢ Candidates who have passed the Executive Program can apply for the Final course.
BMS (Bachelor of Management Studies)
BMS is a specialized under graduate management course which focuses on the study of business mathematics, managerial economics, business ethics, corporate social responsibility, human resource management, etc. It is the best platform for the aspiring candidates who want to pursue MBA after graduation. BMS creates a base for MBA degree and hence when you start with your MBA program, it helps you in easy and better understanding of the topics.
Students who have cleared their class 12 examinations irrespective of their specialization field i.e. Science, Arts or Commerce, are eligible for BMS degree.
Around 1 yr
Around 1 yr
3.5 yrs Â to 4 yrs
Salary Package in (INR)
3.5 to 9 Lakhs
4 to 7
4.5 to 11
3 to 6
3 to 9
2 â€“ 4
80K to 1.5 Lakhs
1.25 to 1.75 Lakhs
Benjamin Franklin once said â€œWhat is the recipe for successful achievement? To my mind there are just four essential ingredients: Choose a career you love, give it the best there is in you, seize your opportunities, and be the best in itâ€. So choose carefully what you want to do and we are there to help you out in preparing for these exams. There are many more career options present for you in the field of finance as well. Here is the list of finance course that you can pursue for a better career.
Many Companies and organizations in todayâ€™s life are looking for specialized and expert marketers to get higher profit in a smarter way. Here are some Courses in marketing that you can pursue to start a career in marketing. In todayâ€™s competitive world, if you are not satisfied with the career or course you pursued there are many short term â€“ high value â€“ low investment courses available in the market
EduPristine is India’s leading training provider for international certifications in Accounting (ACCA, CPA and CMA). All the trainings are provided by accounting industry professionals who not only provide knowledge to our students but also share their expert insights and experiences with them. We provide Classroom as well as Online training for all the above exams. Visit our website for detailed information on ACCA, CPA and CMA.