In today's
ever-changing job market scenario, it is not sufficient to have a bachelor's
degree in commerce. Competencies other than a B.Com Degree are essential to
face competition and secure a good position.
Reasons why BCom is not sufficient
It is often
believed that a bachelor's degree in commerce is a smart move with respect to
career and also the minimum requirement to land a regular job. The reasons why
you need something more than BCom are:-
Practical knowledge and experience
The key game
changer for Bcom graduates’ salary package and position. Organizations like to hire candidates with
advanced practical knowledge and experience. Additional skills in the field of
finance are required.
Focus on skilling
Practical skills
and occupational courses are given a lot of preference by recruiters. So it
makes sense to opt for a course after B.Com that adds to your basic knowledge
and enhances your skills.
Making the right career choices
Once you have
decided to follow a particular career it is essential to take steps to move up
the career ladder as fast as possible. An
additional degree or certification will certainly improve the chances of
landing a better opening.
Popular Career Paths in Finance
The most
suitable vertical to get into after B.Com is finance. Some popular career paths
in finance include Financial Analyst, Financial Controller, Manager Finance,
Chief Financial Officer, Investment Banker, Real Estate or Insurance Finance
Manager. For any of these career options, it would be highly recommended that
you do a financial management course
online or an advanced financial
management course.
Financial Management Course Online
Financial
Management has two facets. The first is personal management which deals with
the process of understanding your personal wealth. The second is business
financial management which allows you to make decisions about the long term
health of an organization. A financial
management course online will ideally provide a comprehensive overview of
financial services for business and organizational purposes. It is designed for
individuals who want to gain an understanding of the aspects of decision making
on an organizational level. Understanding the fundamentals of financial
management helps to prepare you for a new world of connectivity and business.
It provides a foundation for making decisions based on learning.
Advanced Financial Management Course
An advanced financial management course
would include an understanding of advanced concepts and technologies required
to handle complex financial challenges in an organization. It would ideally
include modes of capital management, risk minimization strategies, principles
of investment, etc.
One of the best
options is the 5-month Executive Development Program in Advanced Financial
Management offered by XLRI, Jamshedpur, on the Talentedge platform. The course
is recommended for finance professionals who have a minimum of 4 years of
relevant work experience. It promises to sharpen the skills of participants and
help them gain knowledge of advanced concepts and applications of financial
management. The course uses practical examples and exercises to help
participants grasp concepts. The lessons are imparted through live and
interactive classes.
It is important
to supplement a B.Com degree with a financial management course to be
successful in the domain of financial management.
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