Professions is an occupation carried on by professional people like, doctors, architects, lawyers, etc. It involves application of expert knowledge in order to solve specific problems or to handle specific kind of tasks. The main characteristics are formal education, fees charged, expert knowledge in some field, requirement of license to operate, independent office to practice, specialization and to follow the code of conduct.
Now-a-days, many companies which are employing expert advisors like chartered accountants, lawyers, economists, engineers, scientists, etc. In today's competitive environment firms adopt professional approach to manage their business. In order to adopt some kind of profession one need to solve set of professional examination, which is vital to obtain license and adherence to some code of conduct. In India, code of conduct is set up by the All India Management Association.
There are various professional examinations, where one can obtain professional certificate online. Now-a-days one can even study online professional development courses, which is preferred by many students who are willing to develop their management skills. Developing country like India is advancing at a fasten spirit so there is a need to develop professionals so that it help the management to withstand the competitive environment.