Are you concerned about your job options and whether the commerce stream is the best choice for you?
You’ve come to the perfect place if you want to learn what’s beneficial for your future in commerce and whether this field of study is a great fit for you or not.
Today’s students are choosing the commerce stream over the more popular science courses.
This is easily explained by the widespread success that people observe in entrepreneurial endeavours, such as the market niches that multinational corporations like Microsoft, Apple Inc., Uber, etc. have carved out for themselves.
Their success has demonstrated that anyone can be prosperous and that running an effective business may help one make a significant difference in the lives of others. Professionals with strong managerial abilities are in growing market right now. And the commerce stream is where this level of expertise is best developed.
The insights in this article will allow you to make educated choices regarding your potential in the commerce stream.
The commerce stream is an academic pathway that primarily focuses on business, finance, economics, and related subjects. It includes subjects such as accounting, economics, business studies, mathematics, and computer science. Students who choose commerce as their stream of study generally aspire to pursue careers in fields such as finance, banking, accounting, marketing, entrepreneurship, and management. The commerce stream provides students with practical knowledge and skills related to the business world, which can help them in their future professional endeavours.
Also Read About: Commerce vs Science: What to Choose and Why?
Students which are included in this stream are as follow
One of the most important and sought-after topics in commerce is economics. Having a comprehensive understanding of the production, transport, and consumption of products and services is the basic goal of studying economics.
Economics is a field of social science that examines resource allocation and best use as well as the creation, exchange, and use of commodities and services within a society. In contrast to macroeconomics, which examines how the economy responds to issues like rising prices, GDP, the equitable distribution of assets, and global economies, microeconomics examines independent choices and customer behaviour on a local scale.
Read about: Exploring the Contrasts Between Microeconomics and Macroeconomics
For students majoring in commerce, business studies are one of the more intriguing and captivating courses. Regardless of whether you chose the commerce stream with or without math, it is still a need for the syllabus and CBSE Courses for Class 11. Business Studies covers all the essential ideas for people who desire to learn more about the activities of business enterprises, from their inception through their management.
The coursework for this subject seeks to provide students a fundamental knowledge of the different principles and practises prevalent in industries and businesses and to specifics their interactions with society because the study of business enterprises and how they operate is a key component of the Commerce stream.
Accounting is one of the most popular choices for those interested in a career in the commerce field. It deals with the recording, categorization, and reporting of commercial transactions for a firm or an individual. Briefly said, having a knowledge of accounting makes it possible to control a company’s costs and revenue, giving management feedback on an organization’s financial activities and performance. Along with monitoring the company’s financial situation, the key tasks associated with accounting are issuing invoices, tracking funds, and paying workers.
There is a branch of software-related study called Informatics Practices. The main topics of the course include coding, networking, and software. In contrast to computer science, this field does not include hardware notions. More than computer science, networking topics are the primary focus.
Since all economic processes are based on numbers, mathematics plays a significant role in commerce. An individual or organisation will be able to grasp their financial status both now and, in the future, if they have a basic understanding of mathematical concepts. Most businesses utilise mathematics for sales forecasting, marketing, accounting, and inventory management
Many youngsters choose a career in commerce stream after grade 10. So, commerce is the major for you if you want to pursue a profession in a sector like advertising, banking, or business management.
Core and optional courses in commerce are available to help you learn more about the way business function. After class 10, you can select a math-based or math-free commerce course. Business administration and management studies are two examples of commerce courses that don’t require math.
Commerce stream is the most dynamic stream. The vast range of career in commerce stream is exposed to students after 12th. A plethora of courses and career paths are there in the commerce domain where students can develop an astounding career. The career paths mainly focus on fields like finance, marketing, business administration, accounting, taxation, and auditing. It offers you opportunities to work in various top-notch industries.
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Following are some of the popular courses for commerce students:
|
Course |
Eligibility |
Duration |
University |
|
Bachelor of Commerce (BCom) |
50% in a class 12 or equivalent exam is required for admission to BCom programmes |
3 years
|
|
|
Bachelor of Business Administration (BBA) |
10+2 exam or an exam from an equivalent level from a recognised board is qualified to enrol in a BBA programme |
3 years
|
|
|
Bachelor of Law (LLB) |
Candidates must graduate from a recognised school with a Class 12 diploma in any stream |
3-5 years
|
|
|
Chartered Accountancy (CA) |
10+2 with an average minimum of 60% |
5 years
|
|
|
Bachelor of Economics |
Students must pass their class 12 board exams with at least a 50% overall grade point average or an equivalent CGPA from an approved board |
3 years
|
|
|
Cost and Management Accountant |
Passed the senior secondary (10+2) examination or any other exam that is an equivalent from a board or institution that is recognised. And must have passed the ICAI’s intermediate level test. |
3 years
|
|
Most students want to choose BCom after completing their 12th. This is an undergraduate course focusing on subjects like accountancy, statistics, management, human resources, economics, computer, etc. This is one of the most demanding courses after completing 12th, also many job opportunities are available after completing the BCom degree. The BCom degree can be in both honours and general levels. This is one of the best commerce courses available.
If you are interested in pursuing a career in commerce business, then BBA can be the right degree. It is a professional program at the undergraduate level. BBA is one of the most fascinating and best degrees to follow your career in commerce stream. If you are interested in working in a company or gaining detailed knowledge about business and its administration, BBA is the right one.
Explore about:
Maximizing Your BBA Degree: High-Paying Jobs After BBA
Choosing the Right Career Path for BBA Graduates
BBA vs BCOM – Which Should You Opt For?
If you are interested in gaining more knowledge about the constitution and other laws, LLB can be the best option. Especially if you want to become a Lawyer or pursue Law as a profession in the future, then this is the main degree. Here you will study different laws like family law, constitutional law, property law, company law, administrative law, etc. This is one of the best courses to pursue in career in commerce stream.
Chartered Accountancy is a professional course to pursue after completing 12th. CA is one of the toughest but most rewarding career options. It is one of the highest-paying jobs in India and one of the best careers in commerce to pursue. You will learn about accounting and financial management, advanced accounting, auditing and assurance, business Laws, information technology, corporate & other Laws, etc.
Many commerce students choose BA/BSc Economics as a career option. This course enables students to learn economics in detail, financial concepts, political economy, statistics, etc. This is one of the prominent courses for commerce students. Also, there are many job opportunities available after completing Bachelor of Economics.
This is also one of the best professional courses for commerce students. It is offered by the Institute of Cost Accountants of India (ICMAI). Students need to clear different exams to gain this title. You can learn about cost and management accounting, fundamentals, basic principles, etc. There are many highly demanding jobs available after completing this degree.
Selecting a commerce major can help students land the highest-paying jobs after they graduate from high school. The list of occupations available to students who graduated from high school in the commerce stream is provided below.
|
Job Prospect |
Skills Required |
Salary |
|
Chartered Accountant |
1. Financial reporting 2. Taxation 3. Financial analysis 4. Audit 5. Communication skills |
6.1 LPA |
|
Investment Banker |
1. Financial analysis 2. Valuation 3. Market research 4. Negotiation skills 5. Project management |
4 LPA |
|
Management Consultant |
1. Analytical Skills 2. Communication Skills 3. Project Management Skills 4. Strategic Thinking 5. Business Acumen |
22 LPA |
|
Marketing Manager |
1. Strategic thinking 2. Analytical and critical thinking 3. Project management 4. Leadership 5. Communication skills |
7 LPA |
|
Human Resource Manager |
1. Communication Skills 2. Interpersonal Skills 3. Organizational Skills 4. Recruitment and Retention Skills 5. Technological Skills |
6.5 LPA |
Source: Ambition Box
Read about:
Complete List of Highest Paying Commerce Stream Jobs
Guide to Choosing the Best Career Option for Commerce Students
One of the better job alternatives for those with a foundation in commerce is becoming a chartered accountant. By achieving three tiers of tests, an internship, and extra certifications, students can quickly land this position. Manage the accounts and finances of the company in this position. Additionally, one of the highest-paid professions in India is chartered accountant.
Get to know about Salary of a Chartered Accountant in India.
The most significant role in a company organisation is held by an investment banker. As a result, it is among the greatest and highest paying employment in India. Students in the commerce stream can advise and make suggestions to the organisation on investments and savings because they are familiar with accounting and finance. The primary responsibility of an investment banker is to support financial recommendations made by a corporation to maximise resource use.
A management consultant is a professional who provides expert advice to organizations on how to improve their performance and achieve their goals. They analyze problems, develop solutions, and advise on strategy, operations, and organizational structure. They work with clients across various industries and may specialize in specific areas such as finance, marketing, or technology.
A marketing manager has one of the most in-demand professions and one of the greatest salaries for students of commerce. He or she is required to oversee a company’s product marketing division. They organise, advertise, plan, and estimate enterprises. Public relations and advertising are two strategies used by marketing managers to increase sales and the company they work for market visibility. A career in marketing management offers a wealth of lucrative and exciting options because there are many different marketing specialities to select from.
Human resource managers search, screen, and hire new employees as well as administer employee benefit plans and other employment-related incentives. Due to people’s growing interest in working in the management and business sector, there is a wide range of opportunities in this industry.
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Plenty of opportunities for a career in commerce stream are available in India as well as abroad. We are pleased to have helped you better grasp the primary career paths you could choose in the commerce field.
The time when occupations just required science or a few other art disciplines is long past. After completing a commerce education, you can now obtain a high-paying position.
Students will learn everything they need to know about commerce as a subject from this page, including its advantages, suitable career in the commerce stream, etc.
Your career is very important, so, make sure you carefully consider all your professional possibilities. Explore career advice with us before making the appropriate choice.
The commerce stream subjects are categorized into compulsory subjects and optional subjects. There are 6 subjects in the commerce stream.
1. English
2. Accounts
3. Economics
4. Business Studies
5. Informatics practices
6. Mathematics or Physical Education
Commerce stream offers a huge scope in the job industry. The corporate sector majorly comprises professionals from the commerce domain. The commerce stream provides a wide variety of courses and career options for students. Students can make prospering careers in commerce. Various highest-paying jobs are available in the commerce domain.
The scope of the commerce stream is widespread. It covers plenty of professional courses that students can pursue in their careers in commerce. The commerce domain offers various top-notch positions in the job industry with high salary packages. Some of the popular job profiles are chartered accountant, company secretary, chartered financial analyst, CEO, investment banker, and many more.
The BCom programme is the most well-liked and desired programme for commerce students. Taxes, Economics, Accounting, and other related topics are covered in-depth in the BCom Syllabus.
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Chegg India does not ask for money to offer any opportunity with the company. We request you to be vigilant before sharing your personal and financial information with any third party. Beware of fraudulent activities claiming affiliation with our company and promising monetary rewards or benefits. Chegg India shall not be responsible for any losses resulting from such activities.