career opportunities for commerce students
TRANSCRIPT
7/29/2019 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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