Commerce Stream has a bundle of opportunities and choices for those who want to make their career and accomplish the goals in life.
With the positively changing scenario around the globe, choosing Commerce as a career option is one of the best to grab.
Commerce opens up many career avenues. Students who study under this stream have an intellectual look towards the outside world. They get familiar with the knowledge of business, trade, basics of economics, share and stock market, budgets, policies and many more. Commerce is like a new direction for students to lead their life in the best possible way.
However, it cannot be denied that this career is full of hard challenges and practical facts.
We all are aware of the fact that at present, the economy of our nation is moving at a very slow pace with no clear cut directions but in spite of this fact, career in commerce stream is still considered to be a “stream of choice” by students at a substantial medium.
Commerce is turning out to be relevant and prominent among all the students which is the major reason for bringing up excellent career related opportunities to this stream by various countries.
Commerce as a subject and in actuality has been picking up significance as a career decision in India.
12 Major Career Opportunities For Students In Commerce Stream:
Chartered Accountancy is one of the most widely accepted accounting profession in the corporate world. It is in registration with Institute of Chartered Accountants of India. (ICAI). Accounting, Auditing and Taxation are the core areas dealt by Chartered Accountants. They work in all fields of business and finance. Some are engaged in public practice work, others work in the private sector and some are employed by government bodies.
Company secretary programme is in registration with Institute of Company Secretaries of India (ICSI). For any company to work properly, a company secretary is required.Talking about job opportunities, without any doubt, private sector provides ample of opportunities. A CS is a person who is an expert in corporate laws, securities laws and capital market and corporate governance. Also he is responsible for all regulatory compliance of the company. After obtaining a “Certificate of Practice” from the Institute, members of the Institute can go in for Independent Practice.
BCom/ BCom Hons.
B.Com. stands for Bachelor of Commerce. It is an undergraduate course that most 12th Commerce stream students pursue after schooling. It which covers the study of principles of accounting, micro and macroeconomics, money and banking systems, economic theory, Financial management and many more. The advantage of pursuing BCom is that it allows students to venture on to other fields. After completing it one may go for other job oriented courses such as M.B.A., Vocational courses, Skill oriented courses etc. Other than that, there are numerous job opportunities for B.Com. graduates in Private and Government sectors.
Hotel Management is all about focusing on management of hospitality operations including hotels, restaurants, amusement parks, cruise ships and other related industries.When it comes to Hospitality courses, the eligibility criteria is not very strict.Even 10th passed students may pursue Hospitality Diploma courses! But on the other side, such courses possess good value too.
COST AND MANAGEMENT ACCOUNTANCY
Cost and Management Accountancy is with registration to The Institute of Cost Accountants of India. A cost accountant ensures that managerial decisions are within the cost prescriptions. He is responsible for the prognosis for projects to be undertaken based on past and present financial performances. Accounting jobs are always in demand be it in public sector or private sector organizations.
Thanks to new rules that now it is also possible for 12th Commerce students to pursue Law course from Law schools after their schooling. The integrated course lasts for 5 years which is a combination of a Degree course and traditional L.L.B. course. For example- B.Com. and L.L.B./ B.A. and L.L.B. etc. However, some subjects keep on repeating throughout different semesters. One may start up on one’s own private practice, start a consulting firm or even start an own law firm.
It’s best to define banks in terms of their primary purpose: to mobilize the surplus savings of the populace and redirect them into development and national growth. We all know that banking sector is growing in India as the banks are entering new areas. The Banking Service Recruitment Boards (BSRBs) are always on the lookout for applicants in most major national newspapers through full-page advertisements. Private banking recruitment usually happens directly though and they give a preference to candidates with an MBA, CA and/or even better, to candidates with a few years work experience in the public sector. This recruitment is at officer level and leads to extremely profitable careers. Other graduates can find job opportunities in positions such as clerks, home banking and personal banking…or even marketing.
Commerce stream students will find it relatively easier to deal with B.Economics. or B.A. Economics. After completing this course which lasts 3 years, one may land jobs in private as well as Government sector.Always remember that A career in economics isn’t limited to the technical. A postgraduate or a PhD holder in Economics can also take up teaching as a career option.
INSURANCE AND RISK MANAGEMENT
This one is termed as the Sunrise Profession.There are a host of opportunities in emerging markets for Insurance and Risk Management. Presently in India, the insurance sector is open for private as well as public sector. It includes the increasing role of risk perceptions and mitigation in the context of globalization of markets.
STOCK BROKING AND INVESTMENT ANALYST
Stock brokers are involved in the buying and selling of stocks in the market, mainly for their clients. If you passionately follow the markets, understand how the Sensex and Nifty work, and have a knack for handling finances, then a career in stock broking might just be for you. With the market in India growing steadily, it is obvious that those who deal in market shares are going to have rewarding careers with vast opportunities for growth.
JOURNALISM AND MASS COMMUNICATION
When it comes to this field, Diploma as well as Degree programs are available.Talking about job opportunities, one may get job in major media houses, both print as well as digital media.
Financial operations and services offer a variety of opportunities to specialists in finance. Practically every firm needs finance managers whether it is into manufacturing, education, healthcare, finance or communications. MBAs specializing in finance have a multi-disciplinary approach and and a strong conceptual base. Specialized area of study for the financial wizards are Equity analysis, Merchant Banking, Portfolio Management, Issue Management, International Finance and Retail Banking. Growth and promotion opportunities are good in multinationals as well as Indian Banks. The future is indeed bright for the finance professional.
Talking about the Top 10 Colleges that offer Commerce Courses:
- 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
In short, there are ample of professional courses available in front of 12th Commerce stream students. This is just the tip of the iceberg. The Job opportunities associated with those courses are also promising!
For more understanding into the kind of opportunities commerce can give you, analyse your strengths and weaknesses, your qualities and shortcomings… Focus on your preferred course with the goal that you can build a future career and take advantage of the expanding money financial climate of the country..!