Education advice - Counselling for Career-44

Q.
Can you advise me about various diploma courses I can pursue after my BCom? I am also going to apply for an LLB degree which will help my career as company secretary. — Savita Gaur

A.
The BCom programme provides a good base for a range of careers. These are broadly of two types — those related to business and finance such as chartered accountancy, company secretaryship, and cost and works accountancy (CWA), banking and so on, and the non-finance fields such as law, civil services, mass communication, hotel management and so on. There are many diploma courses open to you. To enhance your qualification in accounts, you may consider courses such as CWA, or others related to finance and banking such as a diploma in banking and finance offered by a number of institutes, including the Aligarh Muslim University and University of Rajasthan. Annamalai University offers a PG diploma in banking law and practice, which may be helpful if you wish to go for CS or law. Other courses in banking and finance include a PG diploma in banking operations offered by the Institute of Finance Banking & Insurance, New Delhi, a collaboration between NIIT and ICICI Bank, as also the PG programme in banking and finance offered by the National Institute of Bank Management, Pune, for which admission is through the IIM Common Admission Test. If you wish to work with non-banking financial companies, or in stocks and securities, there are several courses in securities and capital markets. The Institute of Chartered Financial Analysts of India (ICFAI) conducts a PG diploma programme in treasury and forex management and a PG diploma in merchant banking and financial services. These will enable you to get into financial consulting and finance-related services. There are a few other short courses in capital markets offered by institutes such as the Indian Institute of Capital Markets, Navi Mumbai; the International College of Financial Planning, New Delhi; Mumbai Stock Exchange training Institute and the National Stock Exchange. The Institute of Financial and Investment Planning offers a one-year correspondence-cum-lecture course leading to a diploma in financial and investment planning. There are also short courses in export-import and foreign trade offered by the Indian Institute of Foreign Trade, New Delhi; National Institute of Export Management, Chennai and KC College of Management Studies, Mumbai, which offers diplomas in export-import management through correspondence. Indira Gandhi National Open University (IGNOU) also offers several diploma and certificate courses. You may look at a PG diploma in Insurance Management as insurance and risk management is another growing field for which a BCom degree is useful. Further, if you are interested in non-finance related courses, there are any number of diploma programmes in mass communication, event management, travel and tourism and so on. Much depends on your areas of interest and the field of work you wish to focus on.
Q.
I am a first-year MBA student at GGS Indraprastha University, Delhi. I need to choose a set of one major and one minor subject from the following as my specialisation: finance, marketing, human resources, information technology and international business. Should I choose HR or finance? Which one is more suitable? - Neha Nagpal

A.
With the organised sector back on a hiring spree according to a recent Ma Foi Employment Trends Survey, job prospects for all MBA specialisations appear favourable. However, the choice of specialisation should depend largely on your career goals and on the kind of person you are, your abilities and area of interest. HR management is an organisational function and on an equal footing with marketing and other specialisations of business management. It deals with activities like recruitment, training, placement, promotions, transfers, and industrial disputes in an organisation, as well as labour discipline and grievances, employee morale and organisational development. To become an HR professional, you need to be good with people, understand human psychology, get along with all kinds of people regardless of their age, class, social or educational background, have some organising ability, administrative skills and effective problem-solving skills. Finance is a good field for those with strong analytical and reasoning skills. Finance professionals are in charge of budgets, executing financial programmes and profitability appraisals. Finance managers handle not just the conventional auditing and accounting, but also a vast range of activities like fund raising, foreign exchange, treasury management, investment banking, securities management and financial and strategy consulting. So make your choice depending on the kind of skills you have and the work you can visualise yourself doing.
Q.
My query is about a career in waste management. I am not interested in going for a general MBA degree. Sometime back, HT published a very small article on the huge amount of waste that is not managed. Since then, I have been thinking I can contribute towards the waste management field. Which institutes in India and abroad provide courses in waste management (MBA or others)? — Jyoti Sandhu

A.
Waste management is an important aspect of environmental management and conservation. It is advisable to take up a programme in some area of environmental sciences or management, or even a course in sustainable development that covers issues concerning environmental conservation and management. There are several institutes that cover such programmes including the MBA in environmental management, offered by Bharathidasan University, which teaches principles of environmental management as well as waste management and industrial ecology. The Indian Institute of Environment Management (SIES) at Navi Mumbai also offers a course in environment sciences. The University of Rajasthan, Jaipur, offers a diploma in environmental studies and environmental management, while the National Institute of Environment, Lucknow, offers postgraduate diploma in industrial pollution management, environment management and environmental consultancy which includes aspects of waste management. With a degree in science, you may consider several MSc programmes in environment sciences, which include subjects related to waste management, including hospital waste, bio-medical waste, industrial waste, etc. The School of Environment Management at Delhi’s GGS Indraprastha University recently started a two-year Master’s programme in environment management, which aims to equip environmental managers with a comprehensive understanding of key relevant issues, and lays emphasis on the efficient management of natural resources for sustainable development. It’s open to students with science/engineering background, and selection is through a national-level common entrance test. TERI University also offers several postgraduate programmes in environmental studies; natural and water resources management. The MA in sustainable development practice is a more holistic programme covering sustainable development, climate change and ecosystem vulnerability and so on.

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