Options for commerce graduates
There are many other options in the fields of finance and commerce. Commerce students can pursue an MBA, CA or CS programme.india Updated: Oct 30, 2006 16:17 IST
What are the options for Commerce graduates?
There are many other options in the fields of finance and commerce. Commerce students can pursue an MBA, CA or CS programme. First know your strengths. If your quantitative ability is strong, then it should not be difficult to select a course.
A commerce graduate can take up a programme in Finance, Economics, Law, Insurance, Banking or Management. In recent times, there has been tremendous growth in fund-raising, treasury, forex, investment banking, money market banking and stock broking.
Plus, specialised finance institutes have emerged to cater to market demands. The Department of Financial Studies, University of Delhi, conducts a Master’s programme in Finance and Control. The Indian Institute of Finance, Delhi, offers seven courses in different aspects of finance.
These include a two-year full-time Management of Business Finance programme. The Institute of Capital Markets Development, New Delhi, runs a postgraduate programme in Capital Market Studies. The Institute of Financial and Investment Planning, Mumbai, offers a PG diploma in Financial and Investment Planning through correspondence. The Institute of Chartered Financial Analysts of India (ICFAI) runs a PG diploma course in Treasury and Forex Management and another one in Merchant Banking and Financial Services.
It also has a Chartered Financial Analysts course and other finance related programmes, which can be pursued through postal tuitions and contact classes. In addition, there is a diploma in Financial and Investment Planning offered through correspondence by the Institute of Financial and Investment Planning, Mumbai. All these courses are open to graduates in commerce. There are many more. There are also other options such as business journalism, hotel management, defence and the civil services too.
How should I go about a pursuing career in the stock markets?
The stock market is a worthwhile career option. To work in this field, an individual must have a thorough knowledge of finance and commerce. The Indian Institute of Finance (www.iif.edu), New Delhi, runs regular programmes in financial markets.
A few institutes offer relevant courses through distance learning. A diploma programme in Financial and Investment Planning, available through correspondence from the Institute of Financial and Investment Planning, Andheri, Mumbai. If not these programmes, then consider the PG Membership Course in Capital Market and Financial Services conducted by the Institute of Company Secretaries of India (www.icsi.edu), Lodi Road, New Delhi.
But an aspirant requires certification to work as a broker. Tests for the National Stock Exchange (http://nseindia.com/content/ncfm/ncfm_introduction.htm) certification in Financial Markets are held online. The Bombay Stock Exchange Training Institute (http://www.bseindia.com/training/about.asp) also runs a certificate programme on Derivatives Exchange via the internet at Zee Interactive Learning Systems centres.
Also, the Indian Institute of Capital Markets (www.utiicm.com), Mumbai, offers a one-year, full-time diploma programme in Securities Market. The Institute of Chartered Financial Analysts (www.icfai.org), Hyderabad, provides a course in Equity Research and Analysis.
What are the opportunities for a Maths graduate?
There are several career options a Maths graduate may look at. He may either opt for teaching and research, or branch out to statistics and join a statistical or data collection organisation. S/he can also choose market research, specifically quantitative research, or take up an MBA programme and pursue a career in the world of business.
Maths is also an excellent route to the information technology sector. A three-year Master's programme in Computer Applications (MCA) opens up plenty of job opportunities in the IT sector.
In addition, financial services such as Chartered Accountancy, Cost Accountancy, Chartered Financial Analysis, Stocks and Securities, Banking and Financial Planning are other avenues open to Maths graduates.