This presentation ells commerce gradate about careers in commercec

1. OPPORTUNITIES FOROPPORTUNITIES FOR
COMMERCE STUDENTSCOMMERCE STUDENTS
Presentation to Class XII of IISPresentation to Class XII of IIS
JeddahJeddah

2. WHY STUDY COMMERCE ?WHY STUDY COMMERCE ?
 Increased career opportunitiesIncreased career opportunities
(a) Growing economy(a) Growing economy
(b) Large share of service sector(b) Large share of service sector
(c) Cross country implications(c) Cross country implications
 Wide choice of careersWide choice of careers
 Excellent growth prospectsExcellent growth prospects
 Attractive Compensation packagesAttractive Compensation packages
 Opportunities for professional practice andOpportunities for professional practice and
employmentemployment

3. MAJOR CAREERMAJOR CAREER
OPPORTUNITESOPPORTUNITES
 Chartered AccountancyChartered Accountancy
 Cost and work accountancyCost and work accountancy
 Company SecretaryshipCompany Secretaryship
 Financial AnalystFinancial Analyst
 ManagementManagement
 Insurance and Risk ManagementInsurance and Risk Management
 LawLaw
 Research and TeachingResearch and Teaching
 BankingBanking

4. CHARTERED ACCOUNTANCYCHARTERED ACCOUNTANCY
 Registration with Institute of CharteredRegistration with Institute of Chartered
Accountants of India. (ICAI)Accountants of India. (ICAI)
 Common proficiency test-four times in a year-Common proficiency test-four times in a year-
Feb., May, Aug., Nov. and passing plus two.Feb., May, Aug., Nov. and passing plus two.
 Level II Professional Competence Course (PCC)Level II Professional Competence Course (PCC)
 Completion of Articleship (Practical training) forCompletion of Articleship (Practical training) for
not less than 15 months, at least 3 months priornot less than 15 months, at least 3 months prior
to PCE.to PCE.
 Completion of specified course in IT.Completion of specified course in IT.

5.  Study package provided by the Institute.Study package provided by the Institute.
 Virtual classes conducted through ICAIVirtual classes conducted through ICAI
branches.branches.
 Completion of level II PCE and three and halfCompletion of level II PCE and three and half
years of Practical training (as articled assistantyears of Practical training (as articled assistant
and / or audit assistant).and / or audit assistant).
 Enter the level III final course.Enter the level III final course.
 On passing final examination qualified toOn passing final examination qualified to
become a member of ICAI and practise asbecome a member of ICAI and practise as
Chartered accountant.Chartered accountant.

6.  Fellowship also available.Fellowship also available.
 Recent permission for CAs to practiceRecent permission for CAs to practice
while being employed.while being employed.
 More details available at www.icai.orgMore details available at www.icai.org

7. COST ACCOUNTANCYCOST ACCOUNTANCY
 Registration with ICWAI.Registration with ICWAI.
 Three stages- Foundation, Intermediate andThree stages- Foundation, Intermediate and
Final.Final.
 Eligibility for foundation course- Pass in plus 2 orEligibility for foundation course- Pass in plus 2 or
equivalent.equivalent.
 Eligibility for Intermediate course – Pass inEligibility for Intermediate course – Pass in
foundation course or Graduate.foundation course or Graduate.
 Those who qualify intermediate examination canThose who qualify intermediate examination can
enrol for final course.enrol for final course.
 Postal and oral coaching provided by thePostal and oral coaching provided by the
Institute.Institute.

8. COMPANY SECRETARYSHIPCOMPANY SECRETARYSHIP
 Registration with ICSI.Registration with ICSI.
 Three stages- Foundation, Intermediate andThree stages- Foundation, Intermediate and
Final.Final.
 Eligibility for foundation course- Pass in plus 2 orEligibility for foundation course- Pass in plus 2 or
equivalent.equivalent.
 Eligibility for Intermediate course – Pass inEligibility for Intermediate course – Pass in
foundation course or Graduate in any disciplinefoundation course or Graduate in any discipline
except fine arts.except fine arts.
 Those who qualify intermediate examination canThose who qualify intermediate examination can
enrol for final course.enrol for final course.
 Postal and oral coaching provided by thePostal and oral coaching provided by the
Institute.Institute.

9.  Employment opportunities in Public andEmployment opportunities in Public and
Private sector organizationsPrivate sector organizations
 Under Indian Companies Act allUnder Indian Companies Act all
companies with paid up share capital ofcompanies with paid up share capital of
Rs. Two crores or more have toRs. Two crores or more have to
compulsorily appoint full time companycompulsorily appoint full time company
secretarysecretary
 Admission open throughout the yearAdmission open throughout the year
 More details available at www.myicsi.eduMore details available at www.myicsi.edu

10.  Employment opportunities in Public andEmployment opportunities in Public and
Private sector organizationsPrivate sector organizations
 Can also practise as cost auditors andCan also practise as cost auditors and
take up consultancy assignmentstake up consultancy assignments
 Admission open throughout the yearAdmission open throughout the year
 More details available atMore details available at
www.myicwai.comwww.myicwai.com

11. CERTIFIED FINANCIALCERTIFIED FINANCIAL
ANALYSTANALYST
 Course conducted by ICFAICourse conducted by ICFAI
 Programme focuses on CorporateProgramme focuses on Corporate
Finance, Investment Analysis,Finance, Investment Analysis,
International Finance etc.International Finance etc.
 Graduates in any discipline is eligible forGraduates in any discipline is eligible for
admissionadmission
 Job opportunities in Corporates, CapitalJob opportunities in Corporates, Capital
Market Services etc.Market Services etc.
 More details available at www.icfai.orgMore details available at www.icfai.org

12. MANAGEMENTMANAGEMENT
 Most preferred course not only for commerce graduates but also forMost preferred course not only for commerce graduates but also for
all streamsall streams
 Courses available at degree (BBA/BBM) and post graduate levelsCourses available at degree (BBA/BBM) and post graduate levels
(MBA/PGDBM)(MBA/PGDBM)
 Choice of Institution/University very importantChoice of Institution/University very important
 Quality of facilities/reputation/placement track record/streamsQuality of facilities/reputation/placement track record/streams
offeredoffered
 Various specializations offered at post graduate level – finance,Various specializations offered at post graduate level – finance,
marketing, production, personnel/HR etc.marketing, production, personnel/HR etc.
 Choice of specialization to be based on aptitude and track record ofChoice of specialization to be based on aptitude and track record of
institution in that streaminstitution in that stream
 Tough entry process especially for reputed institutions – CAT/MATTough entry process especially for reputed institutions – CAT/MAT
etc.etc.
 Institutional Rankings – IIMs, XLRI, Symbiosis, FMS, Jamnalal BajajInstitutional Rankings – IIMs, XLRI, Symbiosis, FMS, Jamnalal Bajaj
InstituteInstitute
 IIFT, IIPM etc.IIFT, IIPM etc.
 Information easily available from respective websitesInformation easily available from respective websites

13.  Similar course is Master of FinancialSimilar course is Master of Financial
ControlControl
 Offered by many universities prominentlyOffered by many universities prominently
Department of Financial Studies, DelhiDepartment of Financial Studies, Delhi
Universities.Universities.

14. INSURANCE,INSURANCE,
RISK MANAGEMENTRISK MANAGEMENT
 Sunrise ProfessionSunrise Profession
 Insurance, risk management, actuarial science, financialInsurance, risk management, actuarial science, financial
planning, pensions etc. provide host of opportunities inplanning, pensions etc. provide host of opportunities in
emerging markets.emerging markets.
 Increasing role of risk perceptions and mitigation in theIncreasing role of risk perceptions and mitigation in the
context of globalization of marketscontext of globalization of markets
 When America sneezes, India catches coldWhen America sneezes, India catches cold
 Life Insurance, General Insurance, BankingLife Insurance, General Insurance, Banking
 Major institutions are Insurance Institute of India (III),Major institutions are Insurance Institute of India (III),
Mumbai, Institute of Insurance and Risk ManagementMumbai, Institute of Insurance and Risk Management
(IIRM), Hyderabad etc.(IIRM), Hyderabad etc.
 Tie ups with international institutesTie ups with international institutes
 Classroom and distance education modes availableClassroom and distance education modes available
 More details in www.iirmworld.org.inMore details in www.iirmworld.org.in

15. LAW/RESEARCH/TEACHINGLAW/RESEARCH/TEACHING
 Various branches of law where commerce students haveVarious branches of law where commerce students have
an advantagean advantage
 Company Law, Taxation, Mercantile Law, InternationalCompany Law, Taxation, Mercantile Law, International
Trade etc Growth opportunities available in research andTrade etc Growth opportunities available in research and
analysis professionsanalysis professions
 Post graduation, M. Phil., Ph. D etc. for those interestedPost graduation, M. Phil., Ph. D etc. for those interested
in teaching and related professionsin teaching and related professions
 Top 50 Colleges for Commerce listed in India TodayTop 50 Colleges for Commerce listed in India Today
dated 18 June 2012 and The Week dated 17 June 2012dated 18 June 2012 and The Week dated 17 June 2012
 5 year Integrated M. Com. Course in Annamalai5 year Integrated M. Com. Course in Annamalai
University (www.annamalaiuniversity.ac.in)University (www.annamalaiuniversity.ac.in)
 5 year integrated Masters Programme (MA) in three5 year integrated Masters Programme (MA) in three
disciplines – Development Studies, Economics anddisciplines – Development Studies, Economics and
English at IIT, Chennai (http://hsee.iitm.ac.in)English at IIT, Chennai (http://hsee.iitm.ac.in)

16. BANKING/FINANCIALBANKING/FINANCIAL
INSTITUTIONSINSTITUTIONS
 Banking scenario in IndiaBanking scenario in India
Commercial Banks
Public Sector Banks Private Sector Banks Foreign Banks
SBI Group Nationalized Banks Old Banks New Banks

17. • Banking sector in India growingBanking sector in India growing
• Financial InclusionFinancial Inclusion
• Large number of retirements from public sector banks inLarge number of retirements from public sector banks in
the next five yearsthe next five years
• Banks entering into new areasBanks entering into new areas
• Huge opportunities in PSBsHuge opportunities in PSBs
• 63200 new recruitment to take place in 201363200 new recruitment to take place in 2013
• Recruitment as officers, clerks and specialist officersRecruitment as officers, clerks and specialist officers
• Separate CWEs for each category conducted by IBPSSeparate CWEs for each category conducted by IBPS
• Avenues for promotion and specializationAvenues for promotion and specialization
• Growth opportunities merit and performance basedGrowth opportunities merit and performance based
OPPORTUNITIESOPPORTUNITIES

18. IBPS AND CWEIBPS AND CWE
 IBPS Common Written Exam is a CommonIBPS Common Written Exam is a Common
Exam that is conducted by IBPS on the behalf ofExam that is conducted by IBPS on the behalf of
participating banksparticipating banks
 IBPS invites online applications from the eligibleIBPS invites online applications from the eligible
candidates and conducts a CWE. Successfulcandidates and conducts a CWE. Successful
students are then issued scorecards, based onstudents are then issued scorecards, based on
which they can apply for Jobs in Publicwhich they can apply for Jobs in Public
Sector banksSector banks
 5 Common Written Exams for clerical cadre and5 Common Written Exams for clerical cadre and
two for POs/MTs every yeartwo for POs/MTs every year
 Graduation is the basic qualificationGraduation is the basic qualification
 Age limit 20 to 30 years for POs and 20 to 28Age limit 20 to 30 years for POs and 20 to 28
years for Clerical Cadreyears for Clerical Cadre

19.  Scorecards will be issued to candidates who secureScorecards will be issued to candidates who secure
minimum qualifying marks and above in each test of theminimum qualifying marks and above in each test of the
examination.examination.
 Each participating Public Sector Bank will independentlyEach participating Public Sector Bank will independently
issue a separate recruitment notification, specifying theirissue a separate recruitment notification, specifying their
vacanciesvacancies
 Successful candidates in the CWE who have beenSuccessful candidates in the CWE who have been
issued scorecards are required to apply to any of theissued scorecards are required to apply to any of the
participating banks they wish to,participating banks they wish to,
 Each bank will then individually shortlist candidates andEach bank will then individually shortlist candidates and
carry out their own selection processes such as Groupcarry out their own selection processes such as Group
Discussions and/ or Interviews etc. for final selection.Discussions and/ or Interviews etc. for final selection.

20. PO/MT CWEPO/MT CWE
 250 OT questions for 225 marks in Reasoning,250 OT questions for 225 marks in Reasoning,
English, QA, GK and Computer Knowledge inEnglish, QA, GK and Computer Knowledge in
composite time of 150 minutescomposite time of 150 minutes
 Also a descriptive paper in English compositionAlso a descriptive paper in English composition
with 25 marks in 60 minuteswith 25 marks in 60 minutes
 The Descriptive Papers of only those candidatesThe Descriptive Papers of only those candidates
who secure minimum qualifying marks in each ofwho secure minimum qualifying marks in each of
the objective tests will be evaluated.the objective tests will be evaluated.
 penalty for wrong answers marked in thepenalty for wrong answers marked in the
Objective Test.Objective Test.

21. CLERICAL CWECLERICAL CWE
 200 OT questions for 200 marks in200 OT questions for 200 marks in
Reasoning, English, QA, GK andReasoning, English, QA, GK and
Computer Knowledge in composite time ofComputer Knowledge in composite time of
120 minutes120 minutes
 Penalty for wrong answers marked in thePenalty for wrong answers marked in the
Objective Test.Objective Test.
 More details in www.ibps.inMore details in www.ibps.in

22. SIGN OFFSIGN OFF
 Availability of ample opportunities irrespective ofAvailability of ample opportunities irrespective of
the stream you choosethe stream you choose
 Necessity to develop soft skills – speech, writing,Necessity to develop soft skills – speech, writing,
presentation etc.presentation etc.
 Requirement to develop an awareness about theRequirement to develop an awareness about the
world around youworld around you
 Forming objective opinion on men and mattersForming objective opinion on men and matters
 Widening your horizons – proper utilization ofWidening your horizons – proper utilization of
ICT toolsICT tools

23. Qualities required for successfulQualities required for successful
banking careerbanking career
 Customer Centric – Service IndustryCustomer Centric – Service Industry
 Managing People with empathyManaging People with empathy
 Knowledge worker – sharpening the sawKnowledge worker – sharpening the saw
 Accountability – trustAccountability – trust
 Adherence to systems & procedureAdherence to systems & procedure
 Hard work -- CompetitiveHard work -- Competitive
 Right AttitudeRight Attitude
 Analytical, professional and pioneeringAnalytical, professional and pioneering

24. THANK YOU AND WISH YOU ALL ATHANK YOU AND WISH YOU ALL A
SUCCESSFUL LIFE AHEAD AS ASUCCESSFUL LIFE AHEAD AS A
GOOD CITIZENGOOD CITIZEN
SHAJRUDDINSHAJRUDDIN
MBA AMU MALAPPURAM CENTRE ,KERALAMBA AMU MALAPPURAM CENTRE ,KERALA