Why should one go for a Bachelor’s Honours in BFSI and Accounting?
Bachelor of Commerce (Honours) is the ideal course option for career and jobs in management, teaching, public and private sector jobs including banks, insurance companies or other financial institutions. It also offers choice for various professional and skilled based course like Actuarial Science, Data Analytics, CFA, CA, CS and MBA. Right from the initial stages of B Com (Hons) , you as a student should focus on things which play an important role in building the foundation for your future goals.
A student holding a Bachelors of Commerce (Honours) degree is well prepared to sustain as a corporate employee or as an entrepreneur. As a student you gain adequate knowledge of business-related aspects that allow you adapting to the changes in the dynamic business world, focusing internationally and gather an in-depth understanding of the business world. On the other hand, if you choose to start your own business, you can run it successfully and professionally to achieve greater success. Commerce graduates go on to work in different sectors, and not all of them are those who would typically associate with business in general. The diversity and plenitude of careers with a business degree underlies the subject’s appeal for many students.
Some of the other advantages of studying this degree can be –
First, a business degree program will teach you critical thinking and problem-solving skills ranging from balancing a budget to weighing uncertainties in the business world. Your mind will become sharp and quick to deal with tough situations and find the smoothest way out.
Second, you will learn the crucial aspects of data analysis. On the surface, business may just look like exchanging material goods, but any good businessperson knows that underneath it all are numbers. Knowledge of statistics, patterns, and economic formulas help businesses make the most out of their business operations
Third, business degree programs teach communication skills. No business can operate with one person alone and no business can succeed if it doesn’t have clients and consumers. Thus, people skills, negotiation skills, and even hospitality skills are essential for the smooth operation of modern business.
The combination of academic challenge and practical focus makes the prospect of studying a business degree highly appealing for those attracted to the competitive, yet collaborative learning environment offered by many institutes. But, for most people, the answer to the question “why should we study commerce?” is best answered by the careers associated with a bachelor of commerce degree. Commerce graduates go on to work in different sectors, and not all of them are those who would typically associate with business in general. The diversity and plenitude of careers with a business degree underlies the subject’s appeal for many students. To be very specific job opportunities for bachelors in commerce include-
1)Accountant-This is a popular career option for B Com graduates as they usually have in-depth knowledge of accounting systems, journal entries, finalization of annual accounts, accounting methods, balance sheets, etc
2)Auditor-Auditors are the professionals that prepare and examine financial records. They ensure that the financial records of a company are accurate and that taxes are paid properly and on time. So as a degree holder in commerce, you can gain the basic knowledge regarding verification of assets and liabilities and later pursue higher studies related to that.
3)Consultant-Pursuing a 3 level CFA course along with your investment banking, portfolio/ investment management/ banking jobs would give you a great edge in your career path.
4)Business Manager-Bcom graduates are sought by organizations to become business managers. They are responsible for ensuring that the departments in an organization are running efficiently and smoothly and that no issues are taking place between various departments.
5) Financial Analyst-Financial analysts are responsible for studying demographics, market trends and microeconomics factors that help organizations in making smart investments.
Thus bachelors honours degree in commerce comes with a wide range of job opportunities and career options. Also, it also opens up the way to establish yourself in the dynamic environment by providing you with a multitude of skills. Institute of Commerce, Nirma University offers the students the right blend of knowledge and practical exposure by offering its undergraduate degree in the field of accounting and BFSI. Students are taught using innovative pedagogy and offered various internships, projects and field work which provides them insight into the real world. Moreover, the students are given opportunities to participate in various competitions within the university and also at the state and national level thus providing them with the required level of exposure. The students at Institute of Commerce are also enrolled under various certification courses including training programmes with professional bodies like Chartered Institute of Management Accountants. The Training and Placement cell of the institute is very active which can be judged from the fact that various undergraduate students have been placed in companies like EY, KPMG, Federal Bank, S&P Global etc.Author Gopika Juneja, Assistant Professor, ICNU