With the positive changing scenario around the world in the realm of economic activity, selecting Commerce as a career option is one of the best to grab. Commerce students get familiar with knowledge of business, trade, market fluctuation, basics of economics, fiscal policies, industrial policies, share market, stock markets, etc. Considering the burgeoning activity of the market, talented commerce graduates are needed to make a balance in demand and supply.
Commerce Course Details
- After passing the 12th standard from Commerce stream from the recognized board, one may enroll for a Bachelor of Commerce (B. Com) degree. Bachelor of Commerce (B.Com) is a full-time three-year degree course.
- One can also pursue a Postgraduate course (M. Com) in Commerce. For this, one has to successfully passed the Bachelor of Commerce (B. Com) degree from a recognized University.
- During their course, the students have to study the following branches of Commerce such as Finance, Business Administration, Accountancy, E-Commerce, Economics, and Marketing.
Courses Available after 12th Commerce
- Chartered Accountancy
- Company Secretary
- Foreign Trade
- Stock Broking & Investment Analyst
Job Oriented Career Options in Commerce
Gone are the days when a Bachelor in Commerce course offers two major options-B.Com with Accountancy and B.Com with Management. However, with the requirements of the industry, some specialized disciplines are available with Commerce. Students now can specialize in Bachelor in Accountancy and Finance (BAF), Bachelor in Banking and Insurance (BBI), and Bachelor in Financial Markets (BFM). One can also get a good placement after successfully completing the B.Com course and Advanced Diploma in Tourism and Travel Management. After completing these courses, the graduates often have the opportunity of campus placements where salary between 3.00 to 9.00 lakh are offered.
MA Degree in Commerce
Post Graduate in Commerce placed you in a better advantageous position than B.Com as far as the job market is concerned. MA in Commerce provides you wide ranges of opportunities in the field such as teaching, civil service exam, higher education, banking sector, broking, research, actuarial sciences, financial institutions, and in the domain of economics. One can also pursue a Ph.D. after completing an MA in Commerce for the purpose of higher education and the teaching profession. Better options are also opened at Cost Accountants, Company Secretary and Chartered Accountant.
Career Prospects in Commerce
The career prospects in commerce and its interdisciplinary domains such as Banking, Chartered Accountancy, Company Secretary, Economics, Stock Broking, Cost Work, and Accountancy, and Agricultural Economics are extremely bright. B.Com along with Chartered Accountancy or MBA will pay you to a larger extent. These degrees will able to pay you to have a good position in public and private organizations. If you are ambitious and hardworking, you may also make your niche in the field of financial engineering. Choosing CA after the 12th is an interesting and challenging option. It shouldn’t club with B.Com or other courses. After graduation in commerce, one can choose M.Com, Business Economics, Finance Control, MA Economics MA operational and Research Statistics at Postgraduate level.
Career Options in Commerce
- Accountant Executive
- Chartered Accountant
- Company secretary
- Cost Accountant
- Finance Analyst
- Finance Planner
- Finance Manager
- Finance Controller
- Finance Consultant
- Investment Analyst
- Stock Broker
- Portfolio Manager
- Tax Auditor
- Tax Consultant
Job Opportunity in Commerce
More or less, all the organizations have financial managers, treasurers, controllers, credit managers, and other financial staff who made their financial reports for tax and other requirements. The employment opportunities in commerce fields are lucrative. The door of both private and public organizations is open for commerce graduates. They may work in this organization as Manager, Auditors, Specialist, Consultant, Management Executive, Account Executive, Junior Accountant, CA, Book Keeper, Entrepreneur, etc. The importance of commerce graduates further increases after sea changes in various parameters of the Indian Economy like bank deposits, mutual funds, stock markets, venture capital, insurance schemes, and portfolio management. Teaching may also be one of the options after pursuing higher studies.
- Public Organisations
- Big Business houses/firms
- Small Business houses, firms
- Finance and Leasing
- The software industry, etc.
Salary in Commerce Field
To a larger extent, the remuneration in the field of commerce depends upon the area of specialization and your institutions. At the entry-level, Salary starts from 35, 000-50, 000. Since, the significance of commerce has increased manifolds, post Liberalization, Privatisation, and Globalization (LPG) era, the experience, and knowledgeable candidates are getting a handsome salary. Now, even the fresher gets the annual salary more than 5 lacs.
Best 10 colleges offer commerce courses
There are many colleges and Institutes, which are offering commerce degrees. Here given the list of some of the top 10 Commerce Institutions in India.
- Shri Ram College of Commerce (SRCC), Delhi
- Loyola College, Chennai
- St. Xavier’s College, Kolkata
- Presidency College, Chennai
- Symbiosis Society’s College of Arts & Commerce, Pune
- St. Joseph’s College, Bangalore
- Narsee Monjee College of Commerce & Economics, Mumbai
- BM College of Commerce, Pune
- St. Xavier’s Mumbai
- College of Commerce, Patna
Best foreign universities for commerce
- London School of economics
- Harvard University
- Cambridge University
- Stanford university
- The university of Melbourne
- National University of Singapore