Career and Scope after B.Com | What are the best options?

As students come closer to the end of their graduation exams, there is a sense of accomplishment and at the same time a tensed feeling. Accomplishment for having successfully achieved great heights in their academic career so far and tension for having to decide upon a professional course or degree. This is because higher education is what defines a student’s career pathway and plays a crucial role in forming his or her career.

If you too are having the same dilemma, here’s a list of some of the courses that you can pursue, depending upon your preferences. Take a look below to read more:

Diploma in Banking and Finance:

In the coming years, there is going to be an immense increase in the requirement for qualified manpower in the finance and banking sector, both domestically and overseas. Companies would require professional help and manpower that have technological skills and expert knowledge about the banking and finance industry. Taking note of the current and future demand that will be generated, Diploma in Banking and Finance by IIBF can be the career that will help you grow professionally in the banking sector. For this very reason; IIBF has designed a course for aspiring students who would want to grow a career in Banking.

The certification program will help aspiring students in many ways. It can help them know about the operational, administrational and sales processes in the banking environment so that they are ready for their career in the banking industry. The students pursuing Diploma in Banking and Finance will always have a competitive advantage over other students and will increase the potential opportunities for banking jobs. The Indian Banks Association have considered this course to be one of the best and has approved it as a desirable qualification for multifarious banking jobs.

Certified Financial Planner^CM by FPSB India

Certified Financial Planner^CM (CFP^CM) by FPSB India is also considered to be one of the fastest growing careers, not only in India but globally. The CFP^CM certification is regarded as a Gold Standard and gets its holder recognition and credit across a diverse range of financial organizations in 26 nations around the globe. There are presently over 1, 00,000 CFP^CM Charters universally and around 1200+ CFP^CM s in India. As per present diligence approximations, the necessity for financial consultants will be about 50,000 in the coming years.

The increasing Demand of the course:

 A growing figure of international banks such as ICICI Bank, Standard Chartered Bank, American Express Bank and others have made it obligatory for their Relationship Managers to obtain the CFP^CM certification in order to increase the present service values to the best of the levels. Controlling bodies like SEBI, IRDA, PFRDA etc. are also slowly teaching and reassuring consumers to consult CFP^CM s for their monetary needs. Alongside with this, it has been seen that students with CFP qualifications are given first preference when it comes to recruitment processes.

We hope this article has put some light on courses that can be beneficial for your future

Over the last ten years, India has witnessed an extraordinary expansion amongst the private sector banks. As a result, career opportunities have been created on a large scale in the private banking sector. There used to be a time, when private banks would be elitist and knock on the doors of top B-Schools to recruit their work force. But, today, they are open to recruiting able contenders through direct recruitment.

Though career opportunities in private sector banks are available in abundance all across the country, one should have some clarity as to what kind of a job opportunity he / she is looking forward to.

Job opportunities in private banks can broadly be classified into two categories – Sales and Non-Sales profiles.

Sales profiles would broadly be designated as Sales Officer/Executive/Manager, Business Development Officer/Executive/Manager, Customer Acquisition Officer/Manager, etc. In these profiles, employees are expected to acquire new customers for either Deposit Accounts, Loan Accounts or Third-Party Products. All these roles require constant engagement with customers and most of the times it eventually results in field work. Many youngsters at times feel that this is an unsuitable career option, or it is not their cup of tea owing to the demanding nature of such profiles. Undoubtedly, survival in these profiles require a lot of determination, hard work and a die-hard attitude. But having said that, these profiles are extremely rewarding and bring in a sense of achievement and recognition which keeps the employee motivated to grow further in his/her career. Many ex-colleagues of mine who had started their career with Sales, have grown to Vice President, Asst. General Manager, Head of Department levels over the last 15–17 years and continue to add value to the organization.

Non-sales profiles would broadly be designated as Back Office Operations Executives, Customer Service Executives, Finance/Accounts Officers, etc. These roles have negligible or no interaction with customers. Hence, there’s negligible or no pressure of sales or revenue generation. These profiles are highly considered by youngsters, nowadays, as it does not involve field travel. Not a bad career option at all! However, youngsters must remember that ‘no sales’ does not mean ‘no pressure’. These profiles too require a lot of patience, quick learning ability and constant upgradation of one’s skills.

For Sales profiles, one can directly apply through the bank’s website or bank’s branch. Most of the banks regularly conduct walk-in interview drives for hiring candidates for their sales teams.

For Non-sales profiles also, one can apply through bank’s website. However most of the times response to such applications is delayed and may not be lucrative. Many private sector banks have arrangements with training institutes for hiring trained candidates who have undergone a banking course for their non-sales profiles. We like to term such candidates as ‘Banking trained candidates’. Some of the reasons for banks preferring such candidates are: (i) it helps them in saving training cost, (ii) the attrition rates are comparatively much lower and (iii) the performance of such banking trained candidates is relatively better.

There are some reputed banking training institutes that are providing banking course with 100% placement assistance such as Financial Planning Academy (FPA). Do visit them at www.fpa.edu.in. FPA has been established to disseminate Financial Education to the aspiring individuals who are keen to make a career in Finance. FPA is student-focused, result-driven and committed to helping individuals achieve their educational and career goals.

Before you apply for a job, keep in mind the following tips to crack interviews at private sector banks:

·  Keep abreast with current affairs

·         Work on communication skills

·         Be eager to learn

·         Be flexible

·         Learn about banking, its products, processes, rules & regulations, etc. (One could consider joining a banking course)

Wish you all the very best for your career.