TOP NEW- GEN CAREERS OF COMMERCE
TOP NEW-GEN
CAREERS OF COMMERCE
It's a fast-growing field with many
opportunities. Several new-generation careers exist that go beyond
traditional fields. These are modern skill-based and often linked with
technology, creativity, or entrepreneurship.
Here's a list of exciting
options you can explore.
1. Certified Public
Accountant (CPA)
2. Certified Financial
Planner (CFP)
3. Chartered Financial Analyst (CFA)
4. Financial Risk Manager (FRM)5. Digital Marketing
6. Data Science Analytics
7. Business Analytics
8. Stock Market Analyst
Courses Offered by BSE Institute
9. Actuarial Science
10. Systems, Applications,
and Products in Data Processing (SAP)
COURSE SUMMARY
A Certified Public Accountant (CPA) is a
globally recognized accounting designation offered by the AICPA (American
Institute of Certified Public Accountants). It’s the U.S equivalent of the
Indian CA (Chartered Accountant), but with international appeal, especially
valuable if you aim for a global finance or accounting career.
The main difference between the CA and CPA exams
is:
·
The CPA
exam is conducted by the American Institute of Certified Public Accountants
(AICPA) in the U.S. It is a single-level exam with four papers and is
recognized in the U.S. and globally.
·
On the
other hand, CA exams are conducted by the Institute of Chartered Accountants of
India (ICAI) and are a three-level exam with sixteen papers.
ELIGIBILITY
1) A bachelor’s degree
2)
120-150
credit hours (Varies by U.S. state; Indian B.Com grades often need additional
qualifications like M.Com or CA Inter to meet the 150 hours requirements).
[One year of university education in India is
equivalent to thirty credits in the U.S].
COURSE
STRUCTURE
The exam has four parts:
1. AUD – Auditing and Attestation
2. FAR – Financial Accounting and Reporting
3. REG – Regulation
4. One among:
i.
BAR-
Business Analysis and Reporting
ii.
ISC-
Information Systems and Controls
iii.
TCP- Tax
Compliance and Planning
EXAM
FORMAT
Each section is four hours long. The exam is conducted by NASBA (National Association of State Board of Accountancy) and administered in India at Prometric centers.
DURATION
You can complete it within twelve to
eighteen months (candidates often take six to twelve months with focused preparation).
FEES
The total cost of obtaining a CPA in India ranges from Rs.
2,25,000 to Rs. 4,00,000. (Including Application, Registration, Exam, Ethics
for the CPA Exam, Review and Study materials, Licensing and Credential
Evaluation).
CAREER
OPPORTUNITIES
1.
Public Accounting: Work
in audit firms, providing assurance services to clients.
2.
Financial Planning and Analysis:
Work in the finance department of companies, analyzing financial data and providing
insights.
3.
Taxation:
Work in tax consulting firms or provide tax advisory services.
4.
Financial Reporting:
Work in companies, preparing and analysing financial reports.
5.
Corporate Finance:
Roles in MNC for financial planning, risk management, budgeting, and
forecasting.
6.
Banking and Financial Services:
Opportunities in banks and investment firms.
7.
Forensic Accounting:
Investigating financial fraud and irregularities.
Freshers in India Rs. 6 to 9 Lakhs per annum.
With experience Rs. 12 to 25 Lakhs per annum.
Abroad - $60000 to $120000 per year.
Best
for:
Students
seeking a career in accounting, finance, and business.
For
more, visit:
1) Syllabus,
Exam updates, and CPA license
(American
Institute of Certified Public Accountants)
2) CPA
Exam, Evaluation, Score
(National
Association of State Board of Accountancy)
2. CERTIFIED FINANCIAL PLANNER (CFP)
COURSE
SUMMARY
Becoming a Certified Financial Planner (CFP) can be a rewarding career
path if you’re interested in personal finance, investments, and helping people
manage their money wisely.
A CFP student receives a deep, insightful education in risk management, retirement planning, estate planning, and tax management. It is a good time to be a CFP professional as the demand for financial planners is at an
all-time high in India.
ELIGIBILITY
1.
Students
who have cleared class twelve can apply for the CFP course. They must complete
all modules of certification.
2. Experienced working professionals with select certifications such as CA, CFA, CMA (India) can skip the modules and directly take the
CFP exam.
DURATION
Six
to Twelve months (self-paced)
EXAM
FORMAT
Online or Offline, Multiple choice and
Case-study based
SYLLABUS
Five Modules
1.
Introduction
to Financial Planning
2.
Risk
Analysis and Insurance Planning
3.
Retirement
Planning and Employee Benefits
4.
Investment
Planning
5.
Taxation
and Estate Planning
6.
Integrated
Financial Planning (Final Exams)
FEES
Rs. 50,000 to Rs. 1,20,000 (Depends)
CAREER
OPPORTUNITIES
1.
Investment Advisor: Provide investment advice to
clients.
2.
Retirement Planning: Help clients with retirement.
3.
Estate Planning: Assist clients with estate
planning and wealth transfer.
4.
Financial Planning: CFP professionals work in financial
planning firms, banks, or private practices.
5.
Wealth Management: CFP professionals help high- net-
worth individuals manage their wealth.
SALARY
EXPECTATIONS
Entry Level: Rs. 5 lakhs to 8 Lakhs per
annum.
Mid-Senior Level: Rs. 10 Lakhs to 30+ Lakhs per annum.
BEST
FOR:
Students interested in a financial
planning career and client client-focused role.
FOR
MORE: Visit
www.cfp.net
3. CHARTERED FINANCIAL ANALYST
(CFA)
COURSE
SUMMARY
A career as a Chartered Financial Analyst is boosting careers in
India and abroad. It is globally recognized in
the investment management and finance industry. Obtaining the CFA charter
demonstrates a strong commitment to ethical and professional standards as well
as a deep understanding of investment principles.
ELIGIBILITY
1.
A
bachelor’s degree from a recognised university.
2. Students who are doing a four-year bachelor's degree can complete Level 1 in their third year, Level 2 in their final year, and finish
Level 3 after graduation.
DURATION
Two to three years.
CORSE
STRUCTURE
Structured into three levels, each with
its own set of topics and weightage.
Level I: Focuses on foundational knowledge
of investment tools and concepts.
a.
Ethical
and professional standards.
b.
Quantitative
methods.
c.
Economics
d.
Financial
statement analysis
e.
Corporate
issuers
f.
Equity
investments
g.
Derivatives
h.
Alternative
investments
i.
Portfolio
management
Level II: Emphasizes application of
investment tools and concepts.
a.
Ethical
and professional standards
b.
Quantitative
methods
c.
Economics
d.
Financial
statement analysis
e.
Corporate
issuers
f.
Equity
investments
g.
Fixed
income
h.
Derivatives
i.
Alternative
investments
j.
Portfolio
management and wealth planning.
Level III. Focuses on portfolio management
and wealth planning.
a.
Asset
allocation
b.
Portfolio
construction
c.
Performance
measurement
d.
Derivatives
and risk management
e.
Pathways.
EXAM
CONDUCTED
Level 1: Four times a year (Feb, May,
Aug, Nov)
Level 2: Three times a year (Specific
dates on websites)
Level 3: Two times a year (Specific
dates on websites)
FEES
CFA fees in India, Rs. 1 lakh to Rs. 3.5 lakhs (covering enrolment, exam, and training, except study materials and coaching). Each level costs between Rs. 55000 to Rs. 75000.
CAREER
OPPORTUNITIES
1.
Investment Analyst: Analyse financial data and provide
insights to support investment decisions.
2. Portfolio Manager: Manage investment portfolios and make
Informed investment decisions.
3.
Wealth Manager: Provide wealth management services to
high- net- worth individuals.
4.
Risk Manager: Identify and assess potential risks in
investment portfolios.
5.
Equity Analysts: Analyse industries, companies, and
equity securities to provide investment recommendations.
6.
Investment Bankers: Work with clients to raise capital,
advise on mergers and acquisitions, and manage financial transactions.
SALARY
EXPECTATIONS
Entry Level: Rs. 6 lakhs to 10 Lakhs
per annum.
Mid-Senior
Level: Rs. 12 Lakhs to 30+ Lakhs per annum.
BEST
FOR:
Students interested in financial analysis,
wealth-asset management, and equity research.
FOR
MORE: Visit
www.cfainstitute.org
4. FINANCIAL RISK MANAGER (FRM)
COURSE
SUMMARY
A Financial Risk Manager (FRM) specializes in identifying, analysing, and managing organizational financial risk. They use their expertise to minimise potential losses and maximize returns. The certification awarded by the Global Association of Risk Professionals (GARP) is a globally recognized program focusing on managing
financial risks.
ELIGIBILITY
Graduates or Working professionals
COURSE
STRUCTURE
Two-part exam structure:
FRM Part I:
i.
Foundations
of Risk Management
ii. Quantitative Analysis
iii. Financial Markets and
Products
iv. Valuation and Risk Models
FRM Part II:
i. Market Risk Measurement and
Management
ii. Credit Risk Measurement and
Management
iii. Operational and Integrated
Risk Management
iv. Risk Management and
Investment Management
v. Current issues in Financial
Markets.
EXAM
CONDUCTED
May, August, and November (check GARP
for exact dates)
FEES
Enrolment Fee: $400 (one-time)
Exam Fee: $600- $800 per part.
DURATION
One to two years.
CAREER
OPPORTUNITIES
1. Risk Analyst/ Risk Manager: Leading risk
management teams and developing risk management strategies.
2. Financial Analyst: Analysing
financial data and providing insights to support business decisions.
3. Portfolio Manager: Managing
investment portfolios and making informed investment decisions.
4. Compliance Officer: Ensuring
compliance with regulatory requirements and industry standards.
5. Investment Banker: Work with clients
to raise capital, advise on mergers and acquisitions, and manage financial
transactions.
SALARY
EXPECTATIONS
Entry Level: Rs. 6 lakhs to 10 Lakhs
per annum.
Mid-Senior
Level: Rs. 15 Lakhs to 30+ Lakhs per annum.
BEST
FOR:
Students interested in insurance,
corporate finance, investment management, and banking.
FOR
MORE: Visit
www.garp.org
5. DIGITAL MARKETING
COURSE
SUMMARY
Today, Social Media platforms have transformed into powerful marketplaces for businesses of all sizes across the globe. Digital
marketing is experiencing
growth nearly ten times faster than traditional offline marketing. Pursuing a
Digital Marketing is a smart move – it's in demand, flexible, and open up many
career paths.
ELIGIBILITY
Students who have completed their 12th
year can apply.
COURSE
DURATION
A. Short-term certification courses in
Digital Market (3 to 6 months).
B. Diploma in Digital Marketing
Specialisation.
C. Bachelor’s with Digital Market
Specialization.
Example:
A full graduation
path + Digital Marketing
BBA in Digital Marketing
BA in Marketing and Communication
B.Com with Digital Marketing, Add-On.
SYLLABUS
Three short modules:
i. Website and SEO
ii. Social Media Marketing
iii. Performance Marketing
CAREER
OPPORTUNITIES
1. Digital Marketing Executive: Develop and
implement online marketing campaigns.
2. Search Engine Optimisation (SEO): Optimise website
content to improve search engine rankings and drive organic traffic.
3. Social Media Manager: Manage social
media presence and create engaging content.
4. Content Creator/ Blogger/YouTuber.
5. Online Ads Specialist.
6. Freelancer
SALARY
EXPECTATION
Starting salary, Rs. 4 – 6 Lakhs per annum, increasing with experience
and skill development.
BEST
FOR
Students interested in online
marketing.
6. DATA SCIENCE
ANALYTICS
COURSE
SUMMARY
Data
Science Analytics courses provide individuals with the skills and knowledge to
analyse complex data, extract meaningful insights, and support data-driven
decision making. These courses cover a range of topics, including statistical
analysis, data visualization, machine learning, and programming languages like
Python and R.
It
involves extracting insights from data to inform business decisions.
ELIGIBILITY
You need a Bachelor's Degree in any
field.
COURSE
DURATION
A. Short-term Certification Course (1
to 12 months)
B. Bachelor's Degree (3 to 4 years)
§ B.Sc. in Data
Science
§ B.Tech. in Data
Science
SYLLABUS
The course contains the following
topics:
i. Introduction to Data Science
ii.
Statistics for Data Science
iii.
Data Collection
iv. Exploratory Data Science
v. Programming
for Data Science
vi.
Machine Learning Algorithms
vii. Advanced Machine Learning and AI
viii. Data Visualisation and Reporting
FEES
The cost of Data Science courses varies
widely depending on the institution, duration, and level of expertise.
CAREER
OPPORTUNITIES
1. Data Scientist: Analysing and
interpreting complex data to inform business decisions.
2. Data Analyst: Working with
data to identify trends and insights.
3. Business Intelligence (BI) Analyst: Developing and
implementing data visualisation tools.
4. Machine Learning Engineer: Designing and
developing Machine learning models.
5. Data Engineer: Building and
maintaining large–scale data systems.
6. Statistician: Applying
statistical methods to analyse data.
7. Market and Operations Research Analyst: Studying consumer
and market using mathematical and analytical techniques.
STARTING
SALARY
Rs. 5.5 Lakhs to Rs. 10 Lakhs per annum
BEST
FOR
Students interested in statistics,
machine and programming languages.
7. BUSINESS ANALYTICS
COURSE
SUMMARY
Business Analytics courses are designed to equip individuals with the skills and knowledge to analyze business data, identify trends, and provide actionable insights to improve decision-making and business performance. This program teaches students the necessary skills for data analysis and how to make business decisions based on the data.
The key topics covered in the course are statistical analysis, predictive analytics, data visualization, and tools like R, Python, and MS Excel. The main focus is on understanding how to leverage data to elevate business performance.
ELIGIBILITY
Students should have a bachelor's degree
in business, mathematics, or engineering.
DURATION
1. Short Online Course (2 to 8 weeks)
2. Boot Camps (3 to 6 months)
3. Professional Certificates (3 to 12 months)
4. Diploma or PG Certificate Courses
5. Master's Degree (M.Sc. in Business
Analytics)
SYLLABUS
1. Foundational Courses
a. Introduction to Business Analytics
b. Statistics for Business
c. Data Literacy
d. Excel for Business Analytics
2. Technical and Analytical Skills
a. SQL for Data Analysis
b. Python/ R for Data Analytics
c. Data Visualisation
d. Machine Learning for
Business
e. Big Data Tools
3. Advanced and Domain-Specific
Courses
a. Predictive Modelling
b. Marketing Analytics
c. Financial Analytics
d. Operations and Supply Chain
Analysis
e. Customer Analytics.
COURSE
FEE
Business Analytics course fee
in India is based on the type of course, format (Online v/s Offline), and
institution. General estimates Rs. 38000 to Rs. 20 Lakhs.
CAREER
OPPORTUNITIES
1. Business Analyst: Analysing data to
inform business decisions and drive business outcomes.
2. Data Analyst: Analysing and visualizing
data to identify trends and patterns.
3. Business Intelligence (BI) Analyst: Developing and
implementing business intelligence solutions.
4. Data Scientist: Applies Machine Learning
and Statistical modelling.
5. Product Analyst: Often works closely with product managers.
Analyses product usage and customer behaviour.
6. Marketing Analyst: Specifies
customer segmentation, campaign analysis.
7. Operations Analyst: Using advanced
analytics to optimize business processes. Focuses on logistics, supply chains,
and business process optimization.
SALARY
EXPECTATIONS
Entry Level: Rs. 3 lakhs to 6 Lakhs per
annum.
Mid-Senior
Level: Rs. 6 Lakhs to 18+ Lakhs per annum.
BEST
FOR:
Students interested in business,
mathematics, computer science, and economics.
8. STOCK MARKET ANALYST
COURSES OFFERED BY BSE INSTITUTE
COURSE
SUMMARY
BSE Institute offers several courses
that could be beneficial for individuals looking to become stock market
analysts or enhance their knowledge in this field. Here are a few prominent options:
I. Certificate Program on Equity
Research Analysis
Focus: Equity Analysis, Financial Modelling,
Report Writing, Valuation Techniques.
Duration: 2- 3 months (Part-time/
Online or Offline)
Eligibility: Graduate or
pursuing graduation (Commerce/ finance background preferred)
Admission: Direct, through bsebti.com
Fees: Rs. 15000 to 25000/-
II. Executive Program in Securities and
Investment Analysis.
Focus: Advanced tools used by analysts- Bloomberg
Terminal, Financial modelling, Excel Skills.
Duration: 6 months (weekend
or evening class)
Eligibility: Working
professionals or graduates
Placement Support: Available
Fees: Rs. 80000/-
III. Bachelor’s and Master’s Degree
with Stock Market Focus (in
collaboration with Mumbai University and foreign universities)
Examples: BBA in Capital
Markets
MBA in Investment Banking
Global Financial Markets
Program
Eligibility: 12th
pass for UG, Graduation for PG
Duration: 2-3 years
Admission: Via BSE
Universities or partner universities.
IV. PG Certificate in Financial Markets
(PGCFM)
Focus: Full financial markets training-
technical and fundamental analysis, derivatives, mutual funds, etc.
Duration: 4-6 months
Eligibility: Graduation in any
stream
Mode: Online + Classroom (Hybrid)
Admission: Direct admission
with basic screening/interview
Bonus: Includes NISM certification
Fees: Rs. 50000 to Rs. 70000
HOW
TO APPLY
1. Visit https://www.bsebti.com
2. Search by topic
3. Use the “Enquire Now” form
4. They may contact you for further
steps.
BEST
FOR:
Great for launching a career in stock
analysis, broking, trading, or investment banking.
9. ACTUARIAL SCIENCE
COURSE SUMMARY
A specialized program created by the Institute of Actuaries in India (IAI), the course focuses on managing financial risks in the insurance, investment, and pension sectors. Students develop skills to assess data and handle potential risks. To make informed evaluations of specific financial events, you need to be proficient in math, finance, economics, and statistics.
An
actuary in India typically works in the field of Insurance, like Life, General,
Health, and Reinsurance companies.
ELIGIBILITY
Students who have completed class 12 (took
mathematics as a subject) can apply.
Graduates from any stream (background in
maths, economics, or statistics) are eligible.
DURATION
Students can take three to five years to
complete the course.
Example: B.Sc. in Actuarial Science.
SYLLABUS
Year 1- Foundation Level
a. Mathematics and
Statistics
b. Business and
Finance
c. Computer skills.
Year 2- Intermediate Level
a. Actuarial and
Statistical concepts
b. Economic and
Investment
c. Modelling and Data
Analysis.
Year 3- Advanced Level
a. Specialized
Actuarial Subjects
b. Professional
Development
c. Project work
COURSE
FEE
The
course fee for Actuarial Science varies depending on the institution, level of study,
and location. On average, the course fee for Actuarial Science programs in
India can range from
Undergraduate- Rs.
Fifty Thousand to Four Lakhs.
Postgraduate- Rs. 1
lakh to 10 lakhs.
CAREERS
1. Actuary: Assessing risk
and developing insurance products.
2. Risk Analyst: Analysing
financial risk and developing risk management strategies.
3. Pricing Actuary: Developing
pricing models for insurance products.
4. Pension Actuary: Designing and
managing pension plans.
5. Data Scientist: Analysing and
interpreting complex data.
6. Underwriters: Assessing and
managing risk for underwriting companies.
7. Chief Risk Officer: Identifying,
assessing, and mitigating risks within an organisation.
SALARY
EXPECTATIONS
Entry
Level: Rs. 4 lakhs to 5 Lakhs per annum.
Mid-Senior Level: Rs. 8 Lakhs to 20+ Lakhs per annum.
BEST
FOR:
Actuarial Science
is best suited for students who have strong analytical skills in mathematics
and statistics and are interested in business, insurance, and finance.
10. SYSTEMS, APPLICATIONS, AND
PRODUCTS IN DATA PROCESSING (SAP)
COURSE
SUMMARY
Systems, Applications
and Products in Data Processing, commonly known as SAP, is not specifically a
“Commerce” job, but it’s very relevant to commerce fields- especially in
finance, accounting, supply chain, and human resources.
SAP
is a German multinational software company that develops Enterprise Resource
Planning (ERP) software. Companies use SAP to manage business operations and
customer relations across departments like Finance and accounting, Sales and
distribution, Human resources, Logistics and supply chain, Inventory and
production planning.
ELIGIBILITY
Any graduate can apply, regardless of
their degree background.
DURATION
Basic SAP certification course lasts
3 to 6 months.
The advanced SAP certification course
lasts 6 to 1 year.
SAP
TRAINING OPTION IN INDIA
§ SAP authorised
training partners
§ Online platforms
for SAP courses
§ Colleges/
universities offering SAP as an Add-On or Full Course.
SYLLABUS (SAP Modules, especially for Commerce Students
|
|
Skills/ Topics Covered. |
|
1. SAP Finance and Controlling |
Accounting, Taxation, Reporting,
Internal Control. |
|
2. SAP Materials Management |
Procurement, Inventory, Vendor- management. |
|
3. SAP Sales and Distribution |
Customer orders, Pricing, Billing. |
|
4. SAP Human Capital |
Payroll, Employee management, HR workflows |
|
5. SAP Ariba |
Cloud-based procurement and Supply chain
management. |
GENERAL
FEE RANGE
SAP course fees in India typically
range from Forty Thousand to Three Lakhs, depending on the course and
institute.
CAREERS
1. SAP Consultant: Implementing and
configuring SAP systems for clients.
2. SAP Functional and Business Analyst: Analysing
business requirements and developing solutions.
3. SAP ABAP (Advanced Business Application
Programming) Developer: Developing custom applications using ABAP.
4. SAP Logistics/ Finance/ HR Consultant: Implementing supply chain, financial, and human capital management solutions.
SALARY
EXPECTATION
Entry Level: Rs. 3.5 lakhs to 6.5 Lakhs
per annum.
Mid-Senior Level:
Rs. 7 Lakhs to 20+ Lakhs per annum.
BEST
FOR
An SAP course and career are
best suited for students interested in computer science, business
administration, and information technology.
THANK YOU....
ALWIN EASOW KOSHY.
Comments
Post a Comment