Best post-graduation courses for a commerce graduate in India?

Thinking of postgraduation and career options after a commerce degree is not as straightforward as it used to be a few years ago. Times have changed. Today, a successful pathway for a commerce graduate is no longer limited to a CA credential or an M.Com.

The new age beckons the beginning of diversity. In addition to varied career fields, there has been a significant spurt in the popularity of post graduation courses for commerce. Now, we will dive into the wide ocean of options: postgraduate courses and the diverse career paths they lead to.

Traditional/Conventional Roads

Traditionally, these courses were considered ideal for commerce graduates:

• Chartered Accountant (CA): This has been a highly respected title for decades. However, rising competition makes it harder to achieve.

• Masters of Commerce (M.Com): Suited for those interested in commerce theory and careers in research or academia.

• Masters in Business Administration (MBA): Ideal for graduates seeking management roles. Its 2-year duration and high fees can be a drawback.

• Masters in Sciences (MSc) in Accounting and Finance: Mainly for research enthusiasts, though most programs are offered outside India.

New Age Roads

The evolving economy has created demand for newer, skill-focused courses:

• Postgraduate Diploma in Risk Management (PGDRM): This 1-year program at GRMI is gaining popularity among commerce graduates. It covers financial risk management, cybersecurity, ESG, third-party risk, data privacy, IT risk, corporate governance, and strategic risk. Industry experts teach the program. GRMI has a 97% placement record with a median CTC of INR 9.25 LPA. Alumni excel in top consulting firms.

• Chartered Financial Accountant (CFA): An international counterpart to the CA designation. It is highly valued for global recognition.

What Will Be Best?

Choosing between traditional and new-age courses can be confusing. Traditional courses provide recognition and a standard credential. New-age programs teach practical skills that today’s job market demands. They also make your resume stand out.

Conclusion

Postgraduate options for commerce graduates are increasing, from PGDRM to CFA and beyond. PGDRM from GRMI shows the growing focus on specialized, skill-based education.

Starting a new career path can be daunting. However, taking a unique path with a leap of faith often leads to remarkable achievements.