In the world which mostly accepts only an Engineer or a Doctor, nourishing a different mindset moving into a totally different field is really gutsy. But still, those who are determined to follow their heart till the end. B.A.F. (Bachelor in accounting & finance) is one of most paying career choices because not everyone knows what next to do once it is over?
So, here are some suitable career options students can choose after completing their BAF degree:
- MBA in FINANCE:
This is the very first thing you should focus on once you have successfully completed your graduation. It’s not just a Masters degree in Finance but also the key to a well-settled future too. But yes, make sure that you pursue it from a renowned institute (IIMs most suited). For making it to the IIMs you need to crack the entrance exams like CAT, CET or MATH with a good percentile. Don’t lose hope if you can’t make it in the very first attempt; instead, go for more attempts as the outcomes are going to be rewarding. Either as a corporate banker, financial analysts or Investment banker the job possibilities are numerous & will make you grab a starting salary of 30-40k which will eventually increase after gaining prominent industry experience.
- CHARTERED FINANCIAL ANALYST
CFA is a global certification course for the students who have completed their BAF/BFM courses. CFA program is a professional credential offered by CFA institutes to investment & financial professionals. In doing this you would have to clear 3 exams: CFA Level 1, CFA Level 2 and CFA Level 3. Alongside you need to have a work experience of 4 years to be finally a Financial Analyst. Once this certification course is done, you have already gained everything. Don’t get confused between CFA and MBA because CFA provides more specialization for students preparing for a career in the investment sector. Financial advisors, consultants or corporate financial analysts are known to make about 50k-1 lakh per month after a considerable experience in companies.
- AS AN CHARTERED ACCOUNTANT
Every person going through BFA/BFM is sure to have had this in their minds before stepping into the bachelors, but not everyone is able to crack its entrance. If you are dedicated enough to crack it you can assure yourselve of a great future ahead. CA exams are conducted by ICAI and require you to clear CPT, IPCC, and Final CA. Post graduation, you can directly give IPCC, which has two groups and after clearing both, you can move to the Final CA, and subsequently you will be a proud chartered accountant. CA’s are in high demand and can get placed either in some accounting firms where they get to have a good experience or can be hired directly by some big companies to handle all their financial matters. Reputed CA’s can easily manage to get around 50-60k per month once they have made some good name in the market.
- BE A FINAL RISK MANAGER
FRM exams are conducted by Global Association of Risk Professionals & have the prerequisite of two parts to be cleared-FRM- level 1 and FRM-level 2 after which you need 2 years of work experience and the Financial Risk Manager’s certification is yours. It does have a lot of value & reputation in the financial market. The work of Final risk managers is considered very crucial for companies as they help in assessing & dealing with potential risks to the company. Accordingly, the pays are also very attractive even for freshers who can smoothly make about 40-50k per month after a little experience.
You can also read a complete informative article about options after Bcom: