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Combination Careers

By : Dr. Anand Wadadekar on 19 November 2012 E-mail Comments     Print Print  Report Abuse


In the increasing business complexities and dynamics, a single qualification may not give you the required knowledge and competency. This makes a way for acquiring additional qualifications which value add one’s career graph. Acquiring additional qualifications proves to be an edge over others in the career world.


This article aims to highlight some common career / qualification combinations, which are, over a period of time, proven to be good. This article will focus on commerce and commerce background professional courses only.


Bachelors and ....


· B.A./B.Com/B.Sc. and LLB/LLM


This is a typical route for being a Lawyer. This can be done in two ways viz. after graduation or after 12th integrated law course (BA LLB). LLM adds value as a master of a specific area for practice.


·  B.Com/B.A./B.Sc. and CA/CS/CWA/CFA


This is a typical route for being a chartered professional like Chartered Accountant, Company Secretary, Cost Accountant or Chartered Financial Analyst. After graduation, students can get themselves admitted directly to the Intermediate level of these courses. These candidates enjoy a statutory status in the corporate since all these qualifications are under a statutory law.


·  B.Com and DTL


This is a typical route for becoming Tax consultants, Tax practitioners. Candidates can work for tax consultants or have their separate practice.


·  B.Com and MBA (Finance/HR/Marketing)


This is yet another route for entering the corporate for managerial positions (provided students are from top 15 B-Schools). Candidates get job opportunities in retail, FMCG, banking, financial services, insurance, BPO, KPO, etc.


·  B.Com and Mass Communication / Journalism


This is an interesting career choice made by candidates having a passion for communication, journalism, writing, editing, technical writing, blogging, etc. Highly challenging and demanding sector.


·  B.Com and Stock Market courses (NCFM/NISM)


Job opportunities in stock market/share transfer agents, brokers, custodians, depositories, depository participants, portfolio management consultants, etc. are on rise and provide excellent and challenging work environment. Courses from NSE and NISM (institute promoted by SEBI) have become famous.


· B.A./B.Com and M.A./M.Com/MBA, NET/Ph.D


This is yet another typical route for becoming Professors and Lecturers in management colleges and University colleges. Young candidates are looking at this career choice.


Professional Courses (CA/CS/CWA/MBA/CFA) and ....


·  CA and CS


This is the most known and famous career combinations very well accepted by the industry and most liked by student fraternity of professional courses. Handling accounting, taxation along with secretarial & compliances is a herculean task in itself. CA and CS provide excellent career stability due to its scope and exposure levels. These two can be studied simultaneously, however acquiring them in least time require perseverance, efforts and determination.


· CA/CWA and MBA Finance


Many CA/CWA candidates pursue MBA Finance. Here it is important to know that MBA is a compliment to CA and not a substitute. Also it is recommended that a student first completes CA/CWA and then join full time MBA, since it is difficult doing them both simultaneously due to method of studying, time and efforts required for both the courses are vastly different. Working professionals can do part time MBA / Executive MBA. In industry this is a very well known combination and it gives an edge to CA/CWA having a management degree.


· CA and CWA


CA and CWA are hardcore accounting and costing qualifications. Both complement each other. Costing and Accounting & Taxation being the backbone of business processes, their combination goes well accepted in the industry and such candidates are technical experts. These qualifications by many are acquired together and are relevantly co-related to each other.


· CA and CS, CWA


This is regarded as the ‘Triple Crown’. Acquiring all CA, CS, and CWA is a feat in itself and gives a holistic view of the world of accounting, finance, costing and company law. Candidates with all these three degrees are likely to be placed in high profile jobs and make a good career in consultancy too. These three can also be done simultaneously, however acquiring these require immense perseverance, efforts and determination.


· CA and CFA


Though they both do not complement each other, however CFA is about financial analysis and CA is about accounting & taxation. CFA if done from CFA USA is given very high regard in the industry. CA and CFA will be a good combination as far job profile is concerned and provides immense scope in finance and accounting field, including abroad.


· CA and CPA


CA and CPA is a fantastic combination giving scope in accounting and taxation, in domestic as well international job market. CA and CPA candidates get placed in high profile assignments in India and abroad due to their exposure to domestic and international accounting practices.


· CS and LL.B


Though a CS is taught general laws, a CS is majorly an expert in secretarial practice and company law. CS and LL.B together is a very industry accepted combination and provides good scope for candidates for working in secretarial as well as legal department of the organisation. Such candidates with experience can head secretarial departments as Company Secretary as well as legal department as Legal Head. However, major work is relating to secretarial and compliances.


· CS and MBA Finance


MBA Finance if pursued by a CS gives him scope to diversify into finance function. Here too, caution is provided, not to pursue both the courses simultaneously, due to the reasons indicated above. Here too, major work may be of secretarial and compliances and less of finance, however it may be reverse in some cases.


·  CS and CWA


CWA provides a diverse scope to CS through exposure to costing and indirect taxation. Here too, major work may be of secretarial and compliances and less of costing, however it may be reverse in some cases. These courses can be pursued simultaneously. LL.B is recommended here for greater stability and exposure.


MBA and ....


· MBA Finance and SAP/Oracle ERP/Tally courses


Apart from the above listed professional courses, MBAs can pursue short/medium term but industry relevant and effective certifications, which can add value to the resume. SAP / Oracle Finance ERP / Tally certifications along with MBA Finance are done by many and are well accepted by IT, manufacturing sector.


· MBA HR and Diploma in Labour Laws/Industrial Relations/LLB/Industrial Psychology


MBA HR and a study of labour and industrial laws or LL.B is a good combination beneficial for manufacturing sector and sector which are labour driven. Studying Industrial Psychology also may help MBA HR to better manage workforce and their issues.


· MBA Marketing / Operations and Diploma in SCM/Logistics


Studying Supply Chain Management, Logistics are good value add to MBA Marketing candidates; since it helps them better manage customers and vendors.


· MBA (any field) and Project Management / Six Sigma certification


MBA along with Project Management skills is the need of the hour. Though MBA are taught project management, a certification in Project Management adds a good value to their resume, giving them recognition. Six Sigma certification also helps in diversifying in change management, conflict management, process improvements, etc.


Prof. Anand Wadadekar

Economist | Author | Career Advisor

Source : Own, original ,
Views: 9507

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Dr. Anand Wadadekar

Dr. Anand Wadadekar

Wrote on 26 December 2012

Many thanks Tarun

Tarun K Samantray

Tarun K Samantray

Wrote on 16 December 2012

Really best for Career guidance all should take benefit of the same. Thanks Author. Tarun

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