When a CA student starts his CA journey, he has many questions in his mind. One such question is- whether he should go for a B.Com degree with a Chartered Accountancy course? In this article, I have tried to answer that question.
Both the courses are not much different from each other. There is only one major difference that the level of difficulty is much higher in the CA course as compared to the B.Com.
B.Com. is a 3-year undergraduate course that is one of the most popular undergraduate courses in the Commerce stream. It is a comprehensive degree that covers various topics such as financial accounting, economics, company law, corporate tax, auditing, business management, etc. In the Chartered Accountant course, there are three levels of exams designed by ICAI to be cleared to qualify as a certified CA. CA Aspirants can do CA and B.Com together if they are eligible for both the programs, separately. To pursue both programs simultaneously is a better option or not, is a matter of your discretion. It’s no easy task to pursue two degrees simultaneously. Although the topics included in the B.Com syllabus are almost similar to the CA Foundation and Intermediate course, the difficulty level of the topics in CA is much higher. But, if aspirants are dedicated and hardworking then managing both the courses would not be very difficult.
Let us now discuss some benefits of pursuing B.com with CA
Candidates pursuing B.Com with CA will have improved career options regarding the job prospects in terms of access to different job profiles as well as the general enhancement of the salary. Some of the benefits include:
1. Enhanced Knowledge
The BCom course will help the candidates to gain conceptual knowledge about the various subjects related to commerce that includes accountancy, taxation, economics, etc. A CA course on the other hand allows the candidates to gain an in-depth knowledge about financial management, accounting, etc.
2. Better Job opportunities
The candidates after completing their B.Com with CA are absorbed in various positions such as Chartered Accounts Financial Analysts, Finance Officers, Finance Managers, Auditors, etc. It is quite evident that a person who has done both Bcom and CA course will have a higher salary package.
3. Required for further studies
Although the CA is considered to be one of the most high-profile courses in the commerce stream, many colleges/ universities require a graduation degree for taking admission in post-graduation courses.
4. Security of career
We all know that CA is a tough course and one might take attempts to clear it. One of the benefits of B.Com with CA is that it can be seen as a safety option for the candidates. Only a few % of the students have passed both groups in 2021. Thus, if anything goes wrong then the candidates will have a degree to fall back upon.
5. Networking
Having an opportunity to go to college and meet new people is the best possible way to increase your circle and do better networking.
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