CAREER PROSPECTS:
B.Com Accounts and finance degree offers huge benefits to the students such as strong job prospects, high earning potential, diverse career paths, valuable skills and knowledge, and opportunity for advancement.
Pursuing a degree in accounting or finance can be a wise investment in the professional future. These fields offer a wide range of career opportunities and high earning potential, making an attractive choice.
COST AND MANAGEMENT ACCOUNTANT– B.Com Accounts and finance students acquire knowledge and make study and collect data to determine the cost of business activity such as raw material purchases, inventory, labour, etc. They also suggest changes to policies & procedures to increase organisation’s cash flow.
CHARTERED ACCOUNTANT– B.Com Accounts and finance graduates can specialize, analyse and provide information/ report on the financial performance of the company for better business decisions. They can focus on areas including financial reporting, taxation, corporate finance, business recovery as well as insolvency.
FORENSIC ACCOUNTANT- Graduates can use a combination of accountancy and detective skills to investigate financial discrepancies and faults. They will be employed by public accounting firms, consulting firms (specialising in risk consulting & forensic accounting services), insurance companies, law enforcement agencies, government organisations, financial institutions, etc to resolve disputes or assist in fraud investigations.
PUBLIC ACCOUNTANT- B.Com Accounts and finance graduates can work as a Public accountants who can make financial recommendations, and perform taxes, audits, consultation, and accounting services for accounting firms, government organisations, individuals, etc. Their main responsibilities will be maintaining financial records and audits for investors and banks.
TAX ACCOUNTANT-B.Com Accounts and finance graduates can assist clients to companies to produce tax return documents that adhere to the laws and regulations. These graduates also use their knowledge to help create a financial plan for the clients to increase savings and avoid penalties. They may hold a permanent in-house position with businesses and work for payroll service providers, accounting firms, government agencies, insurance companies, and financial firms, or are even self-employed.
AUDITOR- Graduates can explore careers in auditor or reviewer user, his analytical skills to review financial statements, Accounting systems, fiscal records, etc to ensure that the companies have an accurate account of their financial information. They help companies in resolving issues, if any, and make sure they do not recur in future.
FINANCE MANAGER– B.Com Accounts and finance graduates can work as a finance manager manages and can make finances of an organisation to help ensure its continued viability. Graduates supervise some important functions in the firm such as managing capital and monitoring cash flow, determining profitability, allocation, and utilisation of financial resources, managing expenses, etc.
ACCOUNT MANAGER– Graduates can become Account managers and strategic partners and advisors to the clients who work together for a mutual benefit. These graduates manage to retain top customers, and nurture this relationship over time. With their excellent communication and organisational skills, they act as an interface between a company and the customer.
FINANCIAL CONTROLLER– A financial controller is essentially a company’s lead accountant and has an expansive responsibility for the entire accounting process. They are responsible for providing accurate and timely company records, managing IT, insurance, sales tax reporting, federal income taxes, etc.
FINANCE DIRECTOR B.Com Accounts and finance graduates may become senior finance professional who is involved in developing and implementing financial policies and procedures to optimise and maximise the return of the company’s financial assets. It is the second highest position in finance after the Chief Financial Officer (CFO) of a firm.
Average Salary based on Job Position
Job Positions | Average Salary (per annum) |
Cost and Management Accountant (CMA) | INR 7.1 LPA |
Chartered Accountant (CA) | INR 7 LPA |
Forensic Accountant | INR 7.2 LPA |
Public Accountant | INR 11 LPA |
Tax Accountant | INR 3.6 LPA |
Auditor | INR 3 LPA |
Finance Manager | INR 13 LPA |
Account Manager | INR 6 LPA |
Financial Controller | INR 22.5 LPA |
Finance Director | INR 43.6 LPA |