A newbie require some guidance BCOM_CA_INDIA

Seeking Guidance as a BCOM and CA Inter Student

Hello everyone,

I’m currently in my first year of BCOM, pursuing CA Inter, and I’m looking for guidance to build my career as a finance expert. I successfully cleared the CA Foundation examination on my first attempt and am studying at IGNOU.

My goal is to work with startups and gain experience in the finance sector, but I am unsure where to start. I would appreciate any advice on the essential skill set needed in this field, as well as suggestions on where and how to apply for internships.

I’m eager to learn and grow in this industry, so any assistance would be greatly appreciated.

Thank you!
(From India)

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One response

  1. Hello!

    Welcome to the world of finance! It’s great to see your enthusiasm and commitment to building a career as a finance expert. Here are some steps and skills you can focus on as you progress through your BCOM and CA journey:

    Skillset Development:

    1. Financial Analysis: Understanding financial statements, ratios, and budgeting will be crucial. Consider taking online courses on platforms like Coursera or Udemy related to financial analysis.

    2. Excel Proficiency: Excel is a fundamental tool in finance. Become comfortable with functions, pivot tables, and data visualization techniques.

    3. Accounting Knowledge: Deepen your understanding of Accounting principles, as your CA studies will cover this extensively.

    4. Financial Modeling: Learn how to build financial models. There are many tutorials available online, as well as specific courses that teach financial modeling.

    5. Soft Skills: Communication, teamwork, and problem-solving skills are vital since you’ll be working with different stakeholders.

    Internship Opportunities:

    1. Startups: Look for internships in financial roles at startups. Websites like Internshala, LinkedIn, and AngelList can help you find opportunities.

    2. Networking: Join finance-related groups on LinkedIn, attend webinars, and connect with professionals in the field. Networking can often lead to internship opportunities.

    3. University Placement Cell: Utilize your college’s placement cell for internship opportunities. They often have associations with companies looking for interns.

    4. Freelancing: Consider freelancing for small businesses to get hands-on experience. Websites like Upwork or Fiverr might have opportunities where you can assist with financial tasks.

    Building Experience:

    • Projects: Work on finance-related projects during your studies. This could be simulations, case studies, or even academic projects.
    • Certifications: Consider getting additional certifications in areas like financial analysis (CFA Level 1), or data analytics if you’re inclined toward technology in finance.

    Resources:

    • Books like “The Intelligent Investor” by Benjamin Graham or “Financial Modeling” by Simon Benninga can provide valuable insights.
    • Follow finance blogs and podcasts to stay updated on industry trends.

    Remember, persistence is key, and every little bit of experience counts. Best of luck on your journey, and don’t hesitate to reach out if you have more questions!

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