Many students are concerned about choosing a stream, especially after 10th grade. Mainly confusion occurs between choosing science and commerce streams. Here we are to clarify the scepticism of the candidates if they want to pursue commerce. The students who like numbers or have a clear and analytical mind can go for the commerce stream. In recent years Commerce stream has become a popular stream among students. Previously, choosing the Commerce stream meant that you could follow a few career options of your choice. However, the scenario has changed as a business is transforming globally over the past decade.
But, the biggest concern arises after completing 11th-12th in commerce regarding the ultimate goal, that is, to get a good job. The Commerce stream opens up numerous opportunities, and jobs in this stream require work experience and some skillsets for growth. So, if you are wondering what career options are after 12 trades, this article will guide you.
If you choose to take advantage of opportunities in the Commerce stream, here are some career profiles to consider:-
● BCom or BBA
Pursue BCom or BBA and join the BFSI (Banking Financial Services and Insurance) sector in this profession. But there are about 25 lakhs of graduates who graduate from BCom and BBA each year. This reason has stirred a lot of competition and can be a reason for the low salary of new graduates in this field.
● MBA or MCom
Pursue postgraduate studies such as an MBA or MCom after completing a bachelor's degree. These days, many students from the business world choose an MBA because of the high salary and job opportunities. However, to achieve the dream of higher remuneration and guaranteed jobs in the MBA, students need to enter Prime or higher colleges. Job prospects after doing an MBA from top colleges are excellent with a salary range between INR 25000 to INR 1 lakh per month. However, the competition for seats in the best MBA colleges is very high. According to Hindustantimes.com "On average, more than 2 lakh students give the CAT examination every year. But there are about 10-15 thousand MBA seats in top colleges including 20 IIM national, IIT and other good institutions." The data very well shows the amount of competition in this field.
● Chartered Accountant
The Commerce stream offers various career options to choose from, and Chartered Accountancy is one of the most popular career options available to students. It is considered one of the most respected and well-paid jobs in India. Chartered Accountancy degrees open the department to many job opportunities in India and around the globe. The official body that oversees the work of the CA is called The Institute of Chartered Accountants of India (ICAI). To become a CA, candidates have to clear three levels of the examination conducted by ICAI.
● Company Secretary
Students looking for lucrative jobs in the corporate world can get a good start after pursuing a Company Secretary course. It is a lucrative career within the field of business and is one of the popular options among students. However, students in all fields can apply for this course. The course of the Company Secretaries is offered by the Institute of Company Secretaries of India (ICSI). Candidates who intend to become a Company Secretary must qualify three stages of examination to obtain certification for the company's secretariat.
● Cost and Management Accountant
The CMA is also known as the Cost and Management Accountant and is one of the highest accounting jobs, especially in India. The work of a cost accountant is not only limited to managing costs, but it's also further extended to managing the general performance, efficiency, and productivity of the organization. Candidates who intend to be professional in the business world, and want to contribute to the strategic and administrative costs and operations of the organization, then this is the right job for you. Becoming a Cost and Management Accountant (CMA) includes three steps that a candidate must qualify.
● Investment Banker
Investment banks help companies make sound investment decisions to increase the value of their assets. The investment banker is one of the best career options for commerce students as they deal with numbers, finances and due to in-depth knowledge of business, they are considered as advisors for the organization on various issues, such as investment, finance, or savings. Along with this, they play various roles, such as analysts, friends, etc. An Investment Banker needs to be aware of the market fluctuations as many factors can cause high or low market growth.
● Financial Planner
A financial planner makes financial plans for a company to meet short-term and long-term goals. A financial planner works to get a complete picture of your assets, liabilities, income, and expenses through complex analysis and interpretation of available data. The financial planner is not responsible only for financial decisions, but they deal with tax, savings, budget, and current and future corporate Financial issues as well. Since commerce students develop skills in the business field, they can easily succeed in this job role.
(Reference taken- https://www.investopedia.com/terms/f/financialplanner.asp)
● Insurance Sector
Nowadays, insurance is a major thing for everyone whether they are individuals or a company. So it is safe to say with the growth in trade and business, the insurance sector is growing too. This sector has abundant opportunities for various roles, such as insurance agent, sales manager, insurance registrar, etc. The skills required for this job are good communication skills, a good understanding of business principles, and at the same time a convincing force that is, required for the job. Commerce students who have knowledge and skills about the various policies and programs of the business world with a good understanding of future financial conditions are perfectly suitable for this sector.
● Stock Traders
Investing in stocks has become a new normal for everyone. As the use of the internet has grown over the years stock markets have become prosperous markets for both investors and organizations. Stock traders sell or buy financial securities or stocks in the market. Someone who has great knowledge of market volatility can be a successful stock trader, but this field becomes easier for Commerce students as they have a working knowledge of the trade, business, market, numbers, finances, etc. So, for all the commerce students who are well aware of changing market scenarios and has a good understanding of how SENSEX, NIFTY, etc, work can do wonders in this field.
The abovementioned are few popular options available in the commerce stream, but apart from these, numerous options are awaiting you in this stream. Look for new opportunities and get the role you want to play in this economic world to fly with striking colours.
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