A degree in Commerce and accounting opens the gateway to various financial professions and helps you develop skills that apply across sectors. It prepares you for roles where you collect, record, and analyse financial transactions and data for organisations, governments, and individual entities. It helps you develop an understanding of business, trade, and Commerce. It also helps you inculcate the skills required to design financial statements and managerial reports and enables you to understand how finance, business, and management relate to each other. In short, you get a comprehensive overview of Accounting, Finance, Taxation, Law and Management.
With a Bachelor’s in Commerce, you can pursue a career in the field or take a higher education course in management.
Career Options
After completing a Bachelor’s In Business Administration or a Bachelor’s In Commerce, you have vertical career paths growing into managerial responsibilities. Here are some career options you can choose from:
Accountant
A Commerce or Business Administration degree enables you to analyse and manage financial portfolios. Opportunities for accountants are open in the following areas:
- Accounting, Audit and Tax firms that deliver services to organisations
- Public and private sectors that have in-house accounting teams
- Government agencies, non-government organisations, non-profit organisations, academic institutions, trusts and businesses
- All categories of banks and financial institutions
Financial Analyst
Businesses and people invest money in several forms. A financial analyst helps them arrive at well-informed, wise investment decisions. Evaluating the performance of stocks, bonds, and other investments is a daily routine. Personalising expert strategies of investment for individual and business needs is essential.
Financial Advisor
Changes in economic and regulatory requirements in finance are ongoing, and financial operations can spread across international boundaries with different rules and currencies. As a financial advisor, you will track and stay atop changes to guide people and businesses on all financial aspects.
Auditor
As a financial auditor, you will review financial records for accuracy and compliance. While internal auditors work within organisations, external auditors work with client organisations to render audit services. Your primary responsibility will be to ensure that the company’s finances comply with government regulations and industry requirements, such as paying taxes correctly, among several other critical tasks.
Financial Examiner
Financial institutions handle financial risk when lending loans and complying with governing laws. As a financial examiner, your role will be to maintain good financial health. You will guide organisations to stay on track with compliance and risk appetite. You will also be responsible for protecting consumers from risky loans and malpractices.
Management Analyst/Consultant
This role entails analysing financial numbers/ratios along with business operations. You gather deeper insights to suggest financial and operational productivity and efficiency improvements.
Forensic Accountant
Physical or electronic financial systems are prone to fraud. A forensic accountant helps detect fraud by analysing data and transactions. A part of this role is to gather evidence of fraud that will assist in proving it in court cases. With the exponential increase in cybercrimes, this role is gaining prominence.
Business Manager
Pursuing a Bachelor’s in Commerce along with an MBA helps you become a Business Manager. One of the key responsibilities of a business manager is to ensure that the different departments in the organisation run efficiently and that there is no conflict between the departments. You will devise and implement plans and tasks, allot work to employees, ensure work is done without issues, and prepare reports to present to top management. You will also ensure that expenses are within the operational budget.
Conclusion
A finance and accounting program helps you develop an understanding of Commerce, trade and business, as well as be aware of the emerging trends in accountancy. The Bachelor of Commerce program at NMIMS Global can be a great launchpad for you. It’s a 36-month course segregated into six semesters and conducted via the ODL mode.
A Bachelor’s in Commerce degree followed by a higher education program will hold you in good stead throughout your career.
