Career opportunities for commerce students

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Ihr Logo By CA Yash Dhadda CA Akshita Mehta

Transcript of Career opportunities for commerce students

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By CA Yash Dhadda

CA Akshita Mehta

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WHAT TO DO??? 

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Professional Courses along with Graduation

Chartered Accountant (CA)

Company Secretary (CS)

Cost Accountant

Actuary

Chartered Financial Analyst (CFA)

Common Law Admission Test (CLAT)

Certified Public Accountant 

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CHARTERED ACCOUNTANT 

(CA)

“Its not the strongest of the species that survive northe most intelligent but those most responsive to

change” 

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INTRODUCTION

Conducted by the Institute of Chartered Accountants of India 

Headquarters in New Delhi 5 regional offices (Kolkata, Kanpur, Chennai, Mumbai and New

Delhi)

81 branches under these regional centres

Website : www.icai.org

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WHY CA‘s IN DEMAND : AN INSIGHT 

Complete Business Solution Providers

Trained both practically and theoritically

Booming Corporate Sector

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EXAMINATION

CPT (Common Proficiency Test)

IPCC (Integrated Professional Competence Course)

Final

Articled and Industrial Training

GMCS (General Management and Communication Skills training)

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CAREER OPTIONS – PRACTICE Vs. JOB

PRACTICE- BE YOUR OWNBOSS

Auditing

Taxation Company Law Foreign Exchange Regulations Corporate Restructuring Management Consultancy

JOB 

Audit and Taxation Project Finance/ Financial

Advisory/ Merger andAcquisitions

Investment Banking Banking and Financial Services Outsourcing

Academics Corporate Sector

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BIG 4

Firm Revenue Employees FiscalYear

Headquarters

PWC $31.5bn 180,000 2012 London, UnitedKingdom

Deloitte $31.3bn 193,000 2012 New York, UnitedStates

Ernst &Young

$24.4bn 167,000 2012 London, UnitedKingdom

KPMG $22.7bn 145,000 2011 Netherlands

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CHARTERED FOR SUCCESS

RAMAN ROY(Father of IndianBPO Industry)

KUMAR MANGALAMBIRLAChairman of Aditya BirlaGroup 

PRANAY ROYFounder andExecutive Co-

ChairpersonNDTV

SHEKHARKAPOORMovie Director

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COMPANY SECRETARY 

(CS) 

Behind Great Corporate Progress there’s a strong backbone 

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INTRODUCTION

Conducted by the Institute of Companies Secretary of India 

Headquarters in New Delhi

4 regional offices (Kolkata, Chennai, Mumbai and New Delhi)

69 chapters located in India

23,132 members and around 2,30,000 students

Website: www.icsi.edu

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EXAMINATION

Foundation Programme

Executive Programme

Professional Programme

Practical Training for 15 months after Executive Programme

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CAREER OPTIONS – PRACTICE Vs. JOB

ROLE AS A PRACTITIONER

Legal Expert Compliance Officer

Corporate laws, securities lawsand Capital Market.

Corporate Governance Corporate Planner and

Strategic Manager.

Issuance of ComplianceCertificate

JOB

Whole time Secretary : Companies with a paid up share

capital of ` 2 crores or more are Companies seeking listing on

Stock Exchange

Also, recognized for appointmentto superior posts and services inGovernment Department

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COST ACCOUNTANT  

Behind Every Successful Business Decision There IsAlways A Cost Accountant

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INTRODUCTION

Conducted by the Institute of Cost Accountants of India 

Headquarters in Kolkata

4 regional offices (Kolkata, Chennai, Mumbai and New Delhi)

94 chapters located in India and 7 chapters abroad

>56,000 members and >5,50,000 students

Website : www.icwai.org

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EXAMINATION

Foundation

Intermediate Final

Orientations- Group Discussion/ Business Communication

Practical Training for 3 years

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ROLE OF COST ACCOUNTANT Managerial decision making Stabilizing budgets and standards Assessing operational efficiency and the effectiveness of production and

service management Identifying accountability for profit variance. Designing and implementing effective management information and

control systems, planning costing systems and methods Inventory control incorporating mathematical models Investment analysis Project management Internal audit and cost audit Diagnosis in the case of sick industries Fund management Pricing planning Interpreting information and data related to business activities

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COST ACCOUNTANT WORK SPACE

PRACTICE

EMPLOYMENT

EDUCATION

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 ACTUARY 

Risk is Opportunity

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INTRODUCTION

Conducted by the Institute of Actuaries of India 

Head office in Mumbai

Students are examined on basis of Mathematics and Statistics

Website :www.actuariesindia.org

www.actuaries.org.ukwww.beanactuary.org

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EXAMINATION

Actuarial Common Entrance Test (ACET)

Core Technical - 9 papers Specialist Technical – 9 papers

Specialist Applications – 6 papers

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ACTUARIAL WORK SPACE

Health and Care Insurance Life Insurance General Insurance (non-life or P&C) Pensions and Other Employee Benefits

Finance Investment Enterprise Risk Management (ERM) Academics Regulatory Others

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CHARTERED FINANCIAL ANALYST 

(CFA)

Being a respected source of knowledge inInvestment markets.

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INTRODUCTION

Conducted by the CFA Institute 

Headquarters in Virginia, Unites States

136 societies in 57 countries

Over 1,00,000 members

Website: www.cfainstitute.org

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EXAMINATION

Level I- focuses on tools and concepts relating to investment valuation and portfoliomanagement 

Level II

- focuses on asset valuation, where candidates must employ concepts ofquantitative techniques, economic analysis, accounting-in analysing andvaluing investments

Level III

-Focuses on knowledge of portfolio management in greater depth

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BUY SIDEcomprising Investment Companies /Mutual Funds - Private Client WealthManager Advisor - Hedge Funds/Fundof Hedge Funds -Banks - 7%InsuranceCompanies - Pensions and FoundationsPrivate Client Wealth Manager/Advisor

SELL SIDEcomprising Investment Bank / BrokerDealer

OTHERScomprising Consultancy Government /

Regulator University/College Research Firm

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COMMON LAW ADMISSION TEST 

(CLAT)

Driven by business. Powered by people.

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INTRODUCTION

All India Entrance Test conducted by 14 National Law Universities/Institutions National Law School of India University, Bangalore (NLSIU) NALSAR University of Law, Hyderabad (NALSAR) National Law Institute University, Bhopal (NLIU) The West Bengal National University of Juridical Sciences, Kolkata (WBNUJS)

National Law University, Jodhpur (NLUJ) Hidayatullah National Law University, Raipur (HNLU) Gujarat National Law University, Gandhinagar (GNLU) Dr. Ram Manohar Lohiya National Law University, Lucknow (RMLNLU) Rajiv Gandhi National University of Law, Patiala (RGNUL) Chanakya National Law University, Patna (CNLU) National University of Advanced Legal Studies, Kochi (NUALS) National Law University, Orissa (NLUO) National University of Study & Research in Law, Ranchi (NUSRL) National Law University & Judicial Academy, Assam (NLUJA)

Website: www.clat.ac.in

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ELIGIBILITY

For Under Graduate

10+2, >50% marks (45% forSC/ST/OBC)

< 20 years of age (22 for SC/ ST/OBC)

For Post Graduate

Obtained LL.B/ B.L. degree orany equivalent degree fromrecognized institution

And secured > 55% marks (50%for SC/ST/OBC and persons ofdisability)

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EXAMINATIONFor Under Graduate For Post Graduate

Subject (MultipleChoice Questions)

TotalMarks

English includingcomprehension

40

General Knowledge /Current Affairs

50

ElementaryMathematics

20

Legal Aptitude 50

Logical Reasoning 40

Total 200

Subject TotalMarks

Multiple choice questions

subject areas, viz,Law of Contracts, Law ofTorts, Criminal Law,Constitutional Law andLegal Theory

100

Short Answer Questions

(10 questions)

100

Total 200

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CERTIFIED PUBLIC ACCOUNTANT 

(CPA)

Making sense of a changing and complex world.

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INTRODUCTION

Conducted by the American Institute of Certified PublicAccountant (AICPA)

American equivalent of Indian Chartered Accountant

A CPA designation confirms knowledge of U.S. GAAP and U.S.GAAS

Website: www.aicpa.org

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ELIGIBILITY

Members of the Institute of Chartered Accountants of India. 

Members of the Institute of Cost Accountants in India.

Members of the Company Secretaries in India.

Master of Commerce

MBAs

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CPA’s Work Space 

Assurance and Attestation Services Corporate Finance (M&A, IPO, share and debt issuings) Corporate Governance Estate Planning

Financial Accounting, Analysis, Planning Forensic Accounting (preventing, detecting, and investigating financialfrauds)

Income Tax Information Technology Management Consultancy and Performance Management

Venture Capital

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THANK YOU

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