In need of suggestions

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Vimal (Querist)
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01 November 2015 Hello ,, i am pursuing mcom from ignou. can anyone please help in guiding me what to do next after mcom.. should i pursue ca or look for job now? as salary package and learning source are very less after mcom from ignou as their placement record is not good..

Vimal

Vimal (Querist)
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06 November 2015 Is there no one to answer it? Nobody has any suggestion on it?

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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29 July 2024 Pursuing an MCom can open various avenues, and deciding whether to pursue further qualifications like CA or look for a job depends on your career goals, interests, and circumstances. Here are some suggestions and considerations to help guide your decision:

### **1. Assess Your Career Goals:**

- **Interest in Accounting and Finance:** If you have a strong interest in accounting, finance, and taxation, pursuing CA (Chartered Accountancy) could be a valuable next step. It is a prestigious qualification that can open doors to many opportunities in finance and accounting.

- **Career Preferences:** Reflect on whether you prefer practical work experience in the industry or advanced academic and professional qualifications. Each path has its benefits and aligns differently with career goals.

### **2. Evaluate the CA Qualification:**

- **Pros of CA:**
- **High Demand:** Chartered Accountants are in high demand in various industries, including finance, accounting, auditing, and consulting.
- **Career Advancement:** CA can provide a significant boost to your career, with opportunities for higher salary packages and career growth.
- **Professional Recognition:** CA is highly respected and recognized globally, adding value to your resume.

- **Cons of CA:**
- **Time and Effort:** CA requires a significant investment of time and effort, including rigorous exams and articleship training.
- **Cost:** There may be costs associated with coaching, examination fees, and study materials.

### **3. Consider Job Opportunities:**

- **Immediate Employment:** If you need to start earning sooner or gain work experience, looking for a job after MCom could be a practical choice. Positions in accounting, finance, or administrative roles could provide valuable experience and help you understand the industry better.

- **Job Market Research:** Research job roles and industries where an MCom is valued. While entry-level salaries may be modest, gaining experience can lead to better opportunities and higher salaries in the future.

### **4. Explore Other Qualifications:**

- **Professional Certifications:** Besides CA, there are other professional certifications that might be worth considering:
- **CFA (Chartered Financial Analyst):** If you're interested in finance and investment, CFA can be an excellent choice.
- **CPA (Certified Public Accountant):** Recognized internationally, it can be beneficial if you plan to work abroad or in multinational firms.
- **CIMA (Chartered Institute of Management Accountants):** Useful for careers in management accounting and strategic business management.

- **Postgraduate Studies:** Consider pursuing an MBA or specialized postgraduate courses in finance, business analytics, or international business if you're interested in broadening your knowledge and career prospects.

### **5. Networking and Research:**

- **Talk to Professionals:** Connect with professionals in your field of interest through networking events, LinkedIn, or industry forums. Their experiences can provide insights and guidance on career paths and opportunities.

- **Internships and Part-time Jobs:** Gaining practical experience through internships or part-time jobs can help you make informed decisions about further qualifications or career moves.

### **Summary:**

- **If you’re passionate about accounting and finance:** Pursuing CA could be a strategic move for long-term career growth and higher earning potential.

- **If you need immediate employment or are unsure about further studies:** Looking for a job after MCom might be a sensible option. Gain experience, build your resume, and consider additional qualifications based on your career trajectory.

Ultimately, the decision should align with your career aspirations, interests, and current circumstances. Each path has its advantages, and it's essential to choose one that best fits your long-term goals and professional interests.

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