Often, we run over this question from the Commerce students or the students who are going to looking for Career in Commerce after the tenth board exams. Students many times have this inquiry, “What is the rundown of Courses for commerce students after the end of their schooling?” or “What are the profession choices accessible for 12th Commerce stream students?” “What are the best courses after 12th commerce that do not involve mathematics?”. As a matter of fact, there are many students who are worried regarding the Career in Commerce after class 12th. The major concern comes up when the final goal is to land up with a nice job. For science stream students, options are quite clear as their subject knowledge is utilized in various entrance examinations. Well, if you have similar queries, go through this article and get your answers. Below, we will be covering different career options for commerce stream students after completing their intermediate examinations.
BCom or Bachelor of Commerce is a three-year undergraduate course conferred in regular as well as distance education mode. The students just need to decide upon the major they want to opt for before taking the course as their graduation stream. Under BCom, there are three most well-known courses, to be specific BCom or BCom-General, BCom (Honors), and BCom-LLB. The BCom or BCom-General is additionally alluded to as BCom-Pass by numerous colleges. According to popularity, B.Com is the second most popular Career in Commerce stream.
In the BCom course, applicants are taught core subjects identified with finance and commerce. In the three-year duration, the students are offered choices to browse from a couple of elective subjects as well. The program is generally spread over six semesters during which the student is instructed subjects like financial accounting, corporate tax, economics, company law, auditing, business management, and so on. BCom is the most ideal alternative for students who need to make a career in commerce, accounting, finance, banking, and insurance. BCom is likewise perfect for the individuals who wish to seek Chartered Accountancy, Cost Accounting, and Company Secretaryship. After finishing BCom, students can likewise pursue a career in management, teaching, advertising, law, journalism, mass communication, law, design, and so forth. The average starting salary of a BCom graduate is around Rs 3 lakh.
Chartered Accountant is a designation given to an accounting proficient person who has claimed certification from a statutory body that he/she can deal with issues of the matters related to accounting and taxation of a business, such as a file tax return, audit financial statements, maintaining records of investments, preparing and reviewing financial reports and documents. A Chartered Accountant is additionally able to offer advisory services to customers that incorporate organizations and individuals. Turning into a certified Chartered Accountant requires finishing three degrees of preparation planned by the Institute of Chartered Accountants of India (ICAI).
The three phases are:
The ICAI is a legal body that directs and maintains the profession of chartered accountancy in India. Completion of Chartered Accountancy normally takes five years wherein the students can seek after while doing their bachelor’s. Under the Scheme of Education and Training, an aspirant can pursue Chartered Accountancy Course either through Foundation Course Route or Direct Entry Route. The foundation course is the passage into the course after Class XII especially for Career in Commerce stream students, while Direct Entry is for the individuals who have finished Graduation. After completion of the course, they will have the option to practice with an accounting firm or in an organization.
Company Secretary (CS) is one of the chief posts in any organization. A company secretary is a monetarily remunerating job. A CS takes care of the administration of the organization. They check whether the organization follows the statutory and legal necessities in its everyday operations. The person holding that position acts as a conscience seeker of the company. A certified Company Secretary is employed to handle the legal aspects of a firm. A CS is answerable for complete organization’s tax returns, keeping records, advising the board of directors, and ensuring that the company complies with the legal and statutory regulations.
In India, The Institute of Company Secretaries of India (ICSI) is the main recognized proficient body to develop and regulate the profession of Company Secretaries. The ICSI gives education and training to lakhs of aspiring Company Secretaries. At present, there are even more than 50,000 individual members and around 4,00,000 students under the ICSI. To have the option to professionally practice Company Secretary ship, an individual need to finish three degrees of training and examination, set by the ICSI. The groundwork for the test begins after +2 itself.
The three sections are:
Cost accountant’s significant role lies in the assembling procedure of a plant or essentially in the organizations where products are manufactured. Cost accountant does the essential decision making in setting the cost of the item that has been manufactured. They need to ensure that the company is making a benefit while selling every unit of the product. In India, ICWA (Indian Cost Works Association) has made it compulsory for students to pass class 12, to begin with, the Foundation course of CWA(Cost and Works Accounting). Direct entry to the course should be only possible after graduation.
There are three phases to turn into a Cost Accountant:
BBA or Bachelor of Management Studies is again a popular career in commerce pursued after completion of class 12 commerce. A fundamental introduction about the functions and operations of a business is given to the students. After BBA, one can go for an MBA in any of the specializations that intrigue their brain cells or interests them. The specialty in MBA courses is not constrained to just Marketing, Finance, Operation, Information Technology, Hospitality, Foreign Trade, Human Resources, and so on. According to various surveys, the majority of commerce students are inclined to opt for BBA after class 12th. This makes BBA one of the most chosen courses and it tops the ranking as far as popularity is concerned.
Corporate Law is one of the most well-known law specializations that is opted by students nowadays. One can take up Integrated Law with a career in commerce by opting Bachelor of commerce or Arts. Corporate Law incorporates the guidelines, practices, and rules that govern the formation as well as the operation of corporate firms. Subsequently, in simple words, Corporate Laws manage to form, own, operate, and manage a corporation. Aspirants are educated that Corporate Law typically regulates how corporations, investors, employees, shareholders, directors, creditors, and other stakeholders like the community, consumers, and the environment interact with one another.
A Corporate Lawyer can work in a typically large or mid-sized firm. A Corporate legal advisor usually counsels clients and also handles business transactions which include negotiation, drafting as well as a review of contracts and other agreements that are associated with the activities of the company/ business, like mergers, divestments, acquisitions, etc. Aspirants can pursue undergraduate (UG) and postgraduate (PG) level projects in the field of Corporate law. In UG level courses applicants need to pursue integrated law courses wherein after completing a basic graduation degree one can specialize in Corporate Law. On the other hand, in a PG level law course applicants can straightaway work in Corporate Law. For this, you need to appear for an entrance exam called – CLAT (Common Law Admission Test).
Bachelor of Economics can be career in commerce after class 12th. Economics can be alluring as it incorporates a wide range of topics from international trade to government policies.B.A. Economics is a 3-year long graduate-level course partitioned into 6 semesters, with every semester spanning over half a year. However, a few colleges follow the yearly pattern of assessment. The course is intended to prepare the candidates so that they can analyze concepts and processes of the economy by educating them in areas focussing on definition, nature, scope, concepts, utility, production, market, monopoly, and so on. Normally, the best universities accept the candidates who have secured high marks in their Class 12th Board exams.
Hotel and Hospitality industry in the present era is turning into a lucrative profession alternative nowadays. Numerous government and private schools in India offer diploma courses in hotel/hospitality management. The course will help students to pick up information, skills, and outlook to handle proficiently the management and supervisory responsibilities in the hotel/hospitality sector. There are abundant open doors for applicants after pursuing a diploma in hotel/hospitality management since the industry is growing very rapidly.
Applicants can discover different jobs in departments such as operations, front office, food and beverages, accounting, sales and marketing, engineering/maintenance, and so forth. One can pick any field according to their inclination, pursue a career, and grow successfully. Lateral entry after class 12th is conceivable if somebody is keen on pursuing a career in the hospitality and tourism sector of India. IIHM is the leading name in the group of colleges that offer Hotel Management degrees. The applicants are required to score the cutoff marks in the entrance test – NCHMCT-JEE, which represents – National Council for Hotel Management – Joint Entrance Exam.
Mass Communication is a mode of scattering information to an enormous population. The term isn’t restricted to just news coverage but spreads its branches to different other media fields including newsgathering and reporting, film direction and production, event management, public relations, advertising, corporate communication, and the list continues.
As of late, the field of broad communications and correspondence has advanced into a partially interactive concept that touches almost every aspect of human life. Also, with the sheer multiplication of media into our lives through paper, television, and web the field of mass correspondence is picking up prominence more than ever.
Journalism and Mass communication has picked up popularity in the recent decade, and a few candidates are opting for the course after class 12th Commerce. If a student is good at writing and can commute for telling individuals’ stories to the world, then Journalism and Mass Communication is the perfect option for them. There is no all India selection test fundamentally, yet a few universities accept either the grades/percentage of marks secured in class 12 boards. The course offers various career opportunities to aspirants which are lucrative as well and also bring in job satisfaction with the articulation of imagination.
Those interested to make a profession in Personal finance, wealth management, insurance planning, mutual fund investing can consider doing a course in Certified Financial Planning or CFP. To make it into the financial planning world one needs this certification to work as a Certified Financial Planner or CFP.
Confirmed Financial Planner (CFP) is a proper recognition of expertise in the regions of financial planning, taxes, insurance, estate planning, and retirement. Possessed and granted by the Certified Financial Planner Board of Standards, Inc., the designation is awarded to people who effectively complete the CFP Board’s underlying exams, then progress with the ongoing annual education programs to sustain their skills and certification.
Apart from all the available options that we have seen in the above list, another appealing part-time opportunity is available for career in commerce oriented students. They can become Chegg experts and earn approximately 30 grand to 80 grand on a monthly basis while pursuing their higher education or even without that. A great work from home opportunity is available and they can be experts in subjects like Accounting, Economics, Operations Management and Finance.
These courses are additionally regarded as employment oriented courses. Students need to discover their interests while pursuing grade 12th and afterward, set a career objective for themselves. Students are encouraged to go through the courses and opt for the one that is the most appropriate for them.