What are some PG courses for commerce students other than an MBA?
Pursuing a post graduation course in this economy has become a necessity for everyone who wants to aspire to achieve their dream roles, particularly commerce graduates who aim for top positions in corporate firms. It has become imperative to do a specialisation in a field in which you want to advance your career in due to the growing commonality of generalist degrees.
So, let’s just discuss what post graduate courses for commerce graduates can be helpful in building careers in some of the developing fields in today’s scenario.
Conventional to New Age
A few years back, a Master’s in Business Administration (MBA) was the first option for commerce graduates as a normative course which they should take up if they want to pursue a career in management or corporate administration.
But times have changed now in favour of other emerging fields. Two simultaneous processes that have led to this are: the first one being shortcomings of an MBA course having a 2-year duration in India along with a hefty fee. The second one being the emergence of new demands in the market.
As a result, new post graduation courses for commerce emerged and resolved many of the shortcomings of a conventional MBA through their curriculum.
Features of these post graduation courses
Some of the plus factors of these new-age post graduation courses are:
- These courses are less time-consuming than traditional ones. For example, students are switching to a postgraduate diploma in management rather than choosing an MBA as it requires half of the time. The average duration of such programmes range anywhere from 12-16 months.
- Another plus factor is their affordability as compared to existing graduate programs.
- The main factor is that these new age PG courses, have been developed and coincide with current industry trends.
- Also, conventional courses like Masters in Commerce M.Com are highly inclined towards theoretical knowledge which is relevant in the field of research and academia but does not necessarily help you to gain practical skills needed in a job role.
Some high ROI Courses for commerce graduates
- Postgraduate Diploma in Risk Management, PGDRM: This is a standout option for anyone looking to excel in the field of risk management and become trained risk-intelligent professionals. GRMI covers all verticals of the risk domain, with 18 technical papers such as financial risk management, cybersecurity, data privacy, ESG, strategy risk and more. GRMI’s programme also culminates in a 2-month internship ensuring students gain hands-on experience and practical exposure.
- Chartered Financial Accountant, CFA: this is also one of the most popular choices among commerce graduates. This can be said to be an international counterpart of Chartered Accountants.
- PGP: It is a 1 year management programme offered by top B-schools of the country like IIM Ahmedabad. This course requires you to fulfil a minimum 4 years of work experience as a prerequisite.
Conclusion
It is no longer an age where an MBA is a norm for commerce graduates to move ahead. The evolving economy and its demands have diversified career options in fields like risk management. To help you stand apart from other commerce graduates in the market, new age PG courses are the way to go!