Commerce

How To Have A Career In Commerce

A course that is well-structured to start your career plan with is Commerce. Before choosing commerce as your subject for higher studies and job field, do check out all the available commerce courses and then decide which one would be more suitable according to your area of interest and need. 

Some skill sets and on-the-job experience are required by most of the commerce stream jobs in order to help you grow. Courses after 12th commerce have advantages and a lot of scopes if taken correctly.

About the Commerce

Students who have an interest in the field of financial transactions, information, trading of economic value, etc. often consider taking up Commerce after completing 10 + 2. Students have a wide range of choices before them, who are looking forward to pursuing a career in Commerce.

The Commerce course at the (UG) undergraduate, (PG) postgraduate, diploma levels as well as at the doctoral level can be pursued by any aspiring Candidates. Generally speaking, the PG program is of two years durations whereas UG courses in Commerce are of three years durations.

Eligibility In Studying Commerce

Certificate Courses: Graduation or 12th Pass from a recognized board.

Diploma Courses: Graduation or 12th Pass from a recognized board.

Undergraduate: Candidate with a minimum of 45% in aggregate should be 12th pass.

Postgraduate: The candidate from a Recognised Board, should have 45%- 50% from graduation from a Commerce Stream.

Doctorate: The candidate from a relevant discipline from a recognized university, should have completed a master’s degree or equivalent.

How to Have A Commerce Career

The study of financial transactions in a business organization is mainly dealt with in commerce. These courses cover a plethora of subjects such as Business Studies, Economics, Maths, and Accounting.

  • Commerce courses and subjects are taught since class 10 and in different colleges and universities, are even offered at UG, PG, and Doctorate levels.
  • These courses can lead you to get Regular, Distance, Full Time and Part Time courses with a duration ranging between 1-6 years
  • Various specializations such as management, finance, accounting, etc are also available at different levels of commerce courses after the 12th.
  • Job options are available for the students, namely Accountant, Risk Manager, Financial Analyst, on completion of the course.

Top Commerce Institutes in India

In India there are various college offering Commerce in India, and here are a few of the colleges:

  1. Sophia College of Women, located in Mumbai
  2. Mahatma Gandhi University, located in Meghalaya
  3. The ICFAI Foundation for Higher Education, located in Hyderabad
  4. Ramanujan College, located in Delhi
  5. University of Mumbai, located in Mumbai

In India, there are various college offering master's in Commerce, and here a few of the leading colleges:

  1. Banaras Hindu University
  2. Delhi University
  3. Punjab University
  4. University of Allahabad
  5. Central University of Rajasthan

Entrance Exams For Commerce

An important aspect of the admission process is entrance examinations, especially in any B. Com. Stream. Some of the top entrance examinations in India conducted for admission to the B. Com. program are given below.

  • CA CPT (Chartered Accountant Common Proficiency Test)
  • CSEET (CS Executive Entrance Test)
  • CMA Entrance Exam
  • St Xavier’s Admission Test
  • NMIMS - NPAT
  • Delhi University Joint Admission Test (DU JAT)
  • Symbiosis Entrance Test (SET)
  • IPU CET

Career Opportunities in Commerce

There are ample career opportunities available if the students want to make a career in the field of Commerce, for the students. They can pursue different job profiles, depending on the course selected by candidates. Herein some popular job profiles as per the course:

Graduates: The candidates can find various jobs under Commerce, at junior level in accounting, finance, commerce, banking, and related fields.

Post Graduates: After the students complete PG level courses under Commerce, the candidates can seek numerous employment opportunities in the BFSI Sector, lecturer-ship or opt for teaching or go for research.

Employment Sector and Industry for Commerce

A vast career option is available for Commerce graduates. After the course completed, aspirants can choose to work in banking, finance, accounting, commerce, and related fields. They also have an option to take preparation for the appointment in the government sector and also the public sector. Herein the recruiters that hire Commerce graduates:

  • Certificate courses: Investment, Banker, Accountant Assistant, Financial Controller, etc.
  • Diploma Courses: Risk Manager, Loan Counsellor, Financial Analyst, Credit, Internal Auditor, and many more.
  • Undergraduate: Auditor, Consultant, Accountant, and many more.
  • Postgraduate:  Accountant, Event Manager Lecturer, Tax Consultant, Bank PO, Chartered Accountant, etc.
  • Doctorate: Teacher, lecturer, Financial Manager, Consultant, Human Services worker, Statistician, Credit Control Manager, Teacher, Assistant Professor, Scientist, Research Assistant, etc.

Jobs in Commerce

Jobs directly related to your degree include:

  1. Junior accountant.
  2. HR Manager.
  3. Business Executive.
  4. Accounts Executive.
  5. Operations Management.
  6. Data Analyst.
  7. Research and Development Manager.
  8. Information Systems Manager.
  9. Project Manager, etc.

Always remember that many employers accept applications from graduates with any degree subject and never restrict your thinking to the jobs listed here.

Salary In Commerce

The Average Salary of a commerce graduate varies from department to department and that of expertise and experience. Here is the average salary of different courses:

  • Certificate Courses:INR 2,00,000-4,00,000 per annum.
  • Diploma Courses:INR 3,00,000-7,00,000 per annum.
  • Undergraduate:INR 10,000-25,000 per month.
  • Postgraduate:INR 4,00,000-6,00,000
  • Doctorate:INR 1,80,000 to INR 6,00,000

Study Materials For Commerce

As the questions are subjective, you may need to be more comfortable in writing detailed answers.

To know the difficulty level of the exam, practice at least two previous year question papers. Read college magazines, newspapers.

Recommended books:

  • How to Crack the IIMC Entrance Exam written by Subhash C. Sonie.
  • The name of the book: Indian Institute of Mass Communication (IIMC) Entrance Exam written by Sheetal Thapar.
  • The name of the book: Success Master: Journalism & Mass Communication Entrance Examinations by Arihant Publications.
  • Mass Communication In India written by Keval J Kumar.

Pros & Cons Of Studying Commerce

Pros

  1. One of the most sought-after streams today in India is Commerce. With the growing economy worldwide, professionals hired as managers, by businessmen in 6 figures.
  2. Commerce graduates have a high ability to influence an average man on the street and their standard of living.
  3. A knowledgeable and experienced one can gain respect and talk his way out from people from all walks of life.

Cons

  1. A career in commerce is not everyone’s piece of pie but has a wide scope. One has to be consistent throughout the phase of graduation as well as post-graduation period and even after their studies are completed.

FAQs about Commerce