Commerce: One of the Most Prospering Careers of This Era

  • 09Sep,2018

    In our society people strongly believe that only the academically-gifted students go for science after 10th board exam. If any students who have scored well in 10th and want to study commerce or arts then the elderly persons try to make him convince by saying that “Students unable to score well enough to opt science go for commerce and arts, though you have scored well you should choose science”, “science gives a wide career option, while after commerce you have very limited options like CA, CS, and B.Com”, “commerce is only helpful for the students from a business-class family background not for you” etc. The truth is that commerce stream also opens up a plenty of career opportunities for students, much in the same way as science. 

    So, if you are looking to pick commerce as your stream after 10th, or already continuing commerce, and are still unsure of your career path, then read this article to know the most exciting and lucrative career opportunities you can proudly choose being a Commerce student.


    Top Career options for Commerce Students after Class 12th

    MANAGEMENT

    Management is the function of planning, organizing, directing and controlling, and the application of the principles in harnessing physical, financial, human and informational resources efficiently and effectively to achieve organizational goals. If you have an interest in this field then you can opt for management after completing 12th commerce. Top management courses to do after 12th are-

    BBA (Bachelor of Business Administration)
    • Duration- 3 years
    • Some well-known BBA honors programs are-Banking and Insurance, International Business, Aviation Management, Healthcare Management, Event Management, Tourism and Travel Management
    BMS (Bachelor of Management Studies)
    • Duration- 3 years
    Integrated BBA+MBA Course
    • Duration- 5 years
    Degree In Hotel & Hospitality Management
    • Duration- 4 years

    Tourism:

    The tourism sector is booming in India right now. After having this degree students can take on various roles in the tourism as well as Hotel Industries.

    BBS (Bachelor Of Business Studies)

    BBS is a 3 years long undergraduate Degree program. It is a good alternative to courses like BBA and BMS courses. The course mainly focuses on the management subjects like HR, Marketing and Finance.

    BBE (Bachelor Of Business Economics)

    BBE is a 3 years long undergraduate Degree program. This course gives much emphasis on economics subject along with the elements of traditional business studies.

    BIBF (Bachelor Of International Business And Finance)

    BIBF is a 3 years long undergraduate Degree program. The course focuses on International Business, latest trends and practices followed in International Business and Finance management.


    DIPLOMA MANAGEMENT COURSES AFTER 12TH

    Apart from degree programmes, there also exist many Diploma courses in Management. The duration of such a Diploma program is around 1-2 years. Some of the popular Diploma management courses are as follows-

    • Diploma in Retail Management
    • Diploma in Organization Management
    • Diploma in Hotel Management
    • Diploma in Hospitality and Tourism Management
    • Diploma in Fashion Marketing and Merchandising
    • Diploma in Marketing and Advertising
    • Diploma in Event Management
    • Diploma in Travel and Tourism Management

    After pursuing the above-mentioned courses, one can opt for MBA. You can know more briefly about other specializations in management here.


    B.COM/M.COM

    You can pursue a B.Com (Hons.) degree at the UG level, and follow it up with an M.Com, MBA, M.phil and Ph.D. You can choose the subjects like accounting, auditing, finance, taxation, etc. as your paper of specialization.


    PROFESSIONAL COURSES

    Chartered Accountancy (C.A)

    C.A. is one of the most well-known career options for commerce students. It is an internationally recognized professional certification conducted by the Institute of Chartered Accountants of India (ICAI).

    A Chartered Accountant works across various domains in government and private organizations, such as auditing, tax consulting, corporate finance, investment banking, corporate finance, investment banking, etc. You would also have the option to set up private practice after a few years of experience. 

    If you want to pursue C.A. after 12th then you have to register yourself with the ICAI and clear the Competency Professional Test (CPT). If you are doing C.A. after graduation then no need of appearing CPT. After registration, you have to clear every stage of Integrated Professional Competence (IPC) Course Exam along with your article ship to gain the C.A Certification.

    Company Secretary (C.S)

    The Institute of Company Secretaries of India (ICSI) is the body which administers the professional course of Company Secretary. Their job involves giving advice on conducting business, dealing with situations involving a conflict of interest, suggesting ways to prepare financial reports, developing corporate strategy, assisting in planning, and advising on company law.

    ICWA

    ICWA course is a gateway to becoming a cost management accountant. The Institute of Cost Accountants of India (ICAI) formerly known as ICWAI (Institute of Cost & Works Accountants of India) offers the professional of Cost Accountancy in the country.  An ICWA qualified person can work as Finance Director, Managing Director, Associate Professor, Accountant, Cost Controller, Chief Auditor, Cost Accountant, Chief Accountant, Chief Internal Auditor, Financial Consultant, Managing Director, and Financial Controller

    ACTUARIAL SCIENCE

    Actuarial Science is a field dealing with the analysis of risk across various fields, such as insurance, business, finance, and healthcare. Professionals in this field (called Actuaries), apply mathematical equations, statistics, and financial theories to determine risk and uncertainty associated with various future events that can impact business. To this end, they collect statistical data, conduct analysis, and design and implement numerous business strategies. Actuaries work in life insurance, general insurance, health insurance, pension funds, enterprise risk, actuary consulting firms, investment, pension and retirement, risk management, etc. You are required to clear the Actuarial Common Entrance Test (ACET). After clearing your entrance, you can register at the Institute of Actuaries of India (IAI). There are 15 exams in total conducted by the IAI, however, you can start working as an actuary after clearing only 4-5 exams. The most beneficial graduation streams for this career include Maths (Hons.), Statistics (Hons.) and B.Com (Hons.).

    STOCKBROKING

    Stockbroking is a career that involves buying and selling of stocks on the stock market. Stockbrokers manage investments in stocks, bonds, and derivatives for their clients, and advise them about market fluctuations. Being a stockbroker you can work in brokerage firms, insurance companies, banks, investment banks, pension funds, and other financial institutions. You can also work as an independent broker as you acquire domain expertise over the years.

    STATISTICS

    This is a challenging, yet rewarding, career with a flexibility of work opportunities and possibilities to work across various sectors. There are a variety of opportunities available both in the public and private sector in roles such as data analysis, big data, market research, investment analysis, research analysis, risk analysis, etc.


    OTHER FIELDS

    A student after pursuing commerce can also pick any of the following sectors as his/her career-

    • LAW
    • FASHION DESIGNING
    • JOURNALISM
    • BANKING
    • INSURANCE
    • ECONOMICS 
    • ADVERTISING AND PR


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