CAREER IN COMMERCE by RK Mahajan Author.pptx

Career in commerce

1. CAREER IN COMMERCE By: R. K. Mahajan (Author: Business Studies and Accountancy books)

2. FORENSIC ACCOUNTANT (NEW) Qualification  Graduation/CA/CS/CMA Pay Package Beginners: 5-7.5 LPA (Domestic)  (Average)   3-5 years: 9-12 LPA (Domestic) Average: $ 85,103 or ₹ 68 LPA Highest: $ 1,14,000 or 91.2 LPA Role Detect Financial Frauds, Discrepancies and Financial Misrepresentation Details Refer: Indiaforensic Center of Studies Website: https://www.port.ac.uk/

3. FORENSIC ACCOUNTANT (NEW) More Information https://collegedunia.com/courses/forensic-accounting-and-fraud-detection Role Financial Accountants work in financial institutions like RBI, Banks, etc. to investigate frauds. Internal Auditing Manager, Anti-Money Laundering Specialist, Senior Forensic Accountant, Operational Risk Consultant, Fraud Investigator, Financial Forensic Analyst are the popular job roles.

4. ENVIRONMENT ACCOUNTANT (NEW) Duration 4 years (Global Course) Areas of Specialisation Financial Accounting or Management Accounting or National Income Accounting Qualification  Graduation in any Accounting Branch + CPA (Depends upon Company and Job Profile Pay Package Average: $ 73,560 or ₹ 58.84 LPA  (Average)   Highest: $ 1,28,680 or ₹ 1.02 CPA Role calculating a company's cost of environmental compliance Website https://degrees.snhu.edu/subjects/environmental-natural-resources-masters

5. ENVIRONMENT ACCOUNTANT (NEW) Related link https://www.environmentalscience.org/degree/environmental-accounting

6. CERTIFIED PUBLIC ACCOUNTANT (US) Duration 12-16 Months (Global Course – can be done from India) Qualification  Graduation/CA/CS/CMA Pay Package Beginners: 10 lacs + per annum  (Average)   In Metro Cities: 14 lacs + per annum Top Four MNC: 12-25 lacs per annum USA: $ 85221 or app. ₹ 68 lacs per annum Website https://us.aicpa.org/becomeacpa

7. CHARTERED FINANCIAL ACCOUNTANT (US) Duration 12-16 Months (Global Course – can be done from India) Qualification  Graduation/CA/CS/CMA Pay Package Beginners: 10 lacs + per annum  (Average)   In Metro Cities: Top Four MNC: USA: $ ……. or app. ₹ 50 lacs per annum Website https://www.accaglobal.com/gb/en.html

8. INVESTMENT BANKER Qualification  B.COM/BBA/MBA/CA/CMA/CS Pay Package Beginners: 6-7 lacs per annum  (Average)   2 to 3 years: 9-10 lacs per annum 6 to 10 years: 25 -30 lacs per annum Highly Experienced: 60 lacs – 1.2 Crores p.a. and more Role Assumed Development of financial models, Acquisitions and Mergers Capital Raising

9. 5 YEARS IPM (IIM) Duration 5 years Course Integrated Programme in Management (MBA) Eligibility 60 % in 12 + Computer Based Entrance (Objective + Subjective)+Interview Pay Package (Beginning) Average CTC ₹ 22 LPA Highest (Domestic): CTC ₹ 42 LPA Highest (International): CTC ₹ 82 LPA Website Refer to website of IIM of your choice

10. ACTUARIES (FIN. RISK MANAGER) Duration 3 years Qualification  Graduate in Actuarial Science Pay Package Beginners: 6-8 lacs per annum  (Average)   1 to 4 years: 10-15 lacs per annum 5 to 9 years: 20-30 lacs per annum Highly Experienced: 40 lacs p.a. to Crores Role Assumed Analyst of Statistical information, Research Analyst (Finding Mortality Rate, Financial Risk Rate, Retirement Rate, Collaboration, Planning a new Business Line, Predict events for Insurance Policies etc.

11. CHARTERED ACCOUNTANT Duration 5 years (Global Acceptance after Chartered Certified Accountant from UK) Qualification  Class XII or After Graduation https://www.icai.org/ Pay Package Beginners: 9 lacs per annum  (Average)   2 to 5 years: 12 lacs per annum 6 to 10 years: 20 lacs per annum Highly Experienced: 30 lacs per annum to Crores Role Assumed Finance Director, Valuer, Auditor, Forensic Accounting Expert, Tax Consultant, Management Consultant etc.

12. C0MPANY SECRETARY Duration 3 years (Global Acceptance) https://www.icsi.edu/home/ Qualification  Class XII or After Graduation Pay Package Beginners: 6-9 lacs per annum  (Average)   2 to 5 years: 12-15 lacs per annum 6 to 10 years: 15 -20 lacs per annum Highly Experienced: 25-30 lacs per annum to Crores Role Assumed Legal Advisor, Corporate Governance, Corporate Restructuring, Foreign Collaboration, Capital Market Expert, Financial Market Expert etc.

13. COST AND MANAGEMENT ACC. Duration 3 years (Global Course) https://icmai.in/icmai/ Qualification  Class XII or After Graduation Pay Package Beginners: 4-6 lacs per annum  (Average)   2 to 6 years: 10 lacs per annum 6 to 12 years: 12-30 lacs per annum Highly Experienced: 35-75 lacs p.a. to Crores Role Assumed Chief Financial Officer, Finance Director, Financial Analyst, Certified Management Accountant, Investment Banker etc.

14. MANAGEMENT CONSULTANT Qualification  B.COM/BBA/MBA/CA/CMA/CS Pay Package Beginners: 6-7 lacs per annum  (Average)   2 to 3 years: 9-10 lacs per annum 6 to 10 years: 25 -30 lacs per annum Highly Experienced: 60 lacs – 1.2 Crores p.a. and more Role Assumed MIX ROLES OF A CA/CMA/CS

15. ECONOMIST Duration 3 years (Global Course) Qualification  B.A. Eco (H), B.COM/BBA/MBA/CA/CMA/CS Pay Package Beginners: 5-6 lacs per annum  (Average)   1 to 4 years: 6-10 lacs per annum 5 to 9 years: 11 -15 lacs per annum Highly Experienced: 20 lacs p.a. to Crores Role Assumed Chief Economic Advisor, Health, Economy, Civil Services, Financial Risk Analyst, Data Analyst, Economic Researcher, Financial Accountant, Investment Analyst, Consultant to Corporate Sector, (Dr Manmohan Singh, Raghuram Rajan , Amritya Sen, Abhijit Benerjee etc.

16. LAW Duration 3 - 5 years Courses LLB/BALLB/BBALLB/LLM/LLD (Doctorate in Law) Qualification  5 years Integrated Course after 12 or 3 Years Course after Graduation Eligibility After 12: 50% in 12 + CLAT or SLAT/SET Role Assumed Lawyer in District/High/Supreme Court, Legal Expert, Magistrate

17. ACADEMIC COURSES Duration 3 years Eligibility 50 % in 12 + Entrance (CUET) Courses B. Com (H) Bachelor in Finance & Investment (BFI) Bachelor in Management Studies (BMS) Bachelor of Business Management (BBM), BBA (General/Honours/HR/Marketing/Sales/Finance/ Fin.Tech . )

18. RENOWNED PERSONALITIES FROM COMMERCE BACKGROUND

19. K. MANGLAM BIRLA Industrialist Chairman: Aditya Birla Group (MNC) B. Com. - University of Mumbai MBA - Landon School of Economics Chartered Accountant Awardee: Padam Bhushan Businessman of the year, 1996

20. DEEPAK PAREKH Businessman Chairman: HDFC Limited B. Com - Sydenham College (Mumbai) Chartered Accountant (UK) Awardee: Padam Bhushan Businessman of the year, 1996

21. NAVEEN JINDAL Industrialist Chairman: Jindal Steel & Power Limited O.P. Jindal University Naveen Jindal School of Management B. Com. - Hansraj College D.U. MBA - University of Texas Parliament - Lok Sabha Member

22. RAJAT SHARMA Journalist Chairman: India TV B.Com (H) & M.Com - Shri Ram College of Commerce D.U. Awardee: Padam Bhushan

23. Lt. ARUN JAITELY Politician Lawyer and M.P. B. Com. - Shri Ram College of Commerce D.U. L.L.B. – Faculty of Law (D.U.) Lawyer - Supreme Court Parliament – Minister of Finance Minister/Corporate Affairs/ Defence/Law Awardee: Padam Bhushan

24. MOST SUCCESSFUL ENTREPRENEURS Kunal Bahl Founder - Snapdeal Bachelor in Entrepreneurship Bachelor in Operation and Information Management Gautam Adani Adani Group B. Com. Gujrat University Mukesh Ambani Reliance Group BSc. (Chemical Engineering) + MBA Stanford University Monica Malhotra Kandhari MBD Group B.Com . JMC D.U.

25. Thank you Designed by: R. K. Mahajan (Ph: 9810003854)