Career Option For Commerce Student After 12th

Career Option For Commerce Student After 12th


1. Economics

It is the study of the assembly , transfer, and use of products , services, and resources. It is a research-oriented career and would require you to find out and make use of varied theories, principles, and models. Economists conduct various researches and analyse data to predict what market trends,and make new  recommendations for resolving economic issues. 

Career Opportunities in Economics

Professional opportunities include working as an economist, statistician, strategist, risk management analyst, research analyst, insurance company , budget analyst, etc.

 

Educational Path to Pursue Economics

To make a career in this field, you have to pursue bachelor’s – B.A/B.Sc. (H) Economics, Bachelor of Business Economics, or a serious in Economics, following which you'll pursue a Master’s in Economics.

 

Commerce Without Maths

Most of the highest colleges for Economics require you to possess a Maths background so as to be eligible for the course. There are, however, some colleges that do allow you to pursue Economics without Maths, like Loyola College, Christ University, Mount Carmel College, etc.

 

Some Top UG Colleges for Economics

Sri Ram College of Commerce (SRCC), Delhi; Lady Shri Ram College(LSR), Delhi; H.R College of Commerce and Economics, Mumbai; St. Xavier’s College, Mumbai; St. Stephen’s College, Delhi; Loyola College, Chennai; Fergusson College, Pune

 

 

2. Actuarial Science

Actuarial Science may be a field handling the analysis of risk across various fields, like insurance, business, finance, and healthcare. Professionals include employ mathematical equations, statistics, and financial theories to work out risk and uncertainty related to various future events which will impact business. To this end, they collect statistical data, conduct analysis, and style and implement numerous business strategies.

Their work can thus involve designing and determining the pricing of insurance policies, establishing the quantity of liabilities, etc. It is one among the emerging career options and is extremely lucrative on the monetary front. However, it's also considered one among the toughest careers, with longer work days than others on the average , and a comparatively tough academic cycle. It are often a superb career option if you enjoy numbers, statistics, and data analysis.

 

Career Opportunities in Actuarial Science

Actuaries work in life insurance, general insurance, health insurance, pension funds, enterprise risk, actuary consulting firms, investment, pension and retirement, risk management, etc.

 

Educational Path to Pursue Actuarial Science

You are required to clear the Actuarial Common Entrance Test (ACET). After clearing your entrance, you can register at the Institute of Actuaries of India (IAI). There are 15 exams in total conducted by the IAI, however, you'll start working as an actuary after clearing only 4-5 exams. The most beneficial graduation streams according to expert  for this career include Maths (Hons.), Statistics (Hons.) and B.Com (Hons.).

 

Commerce Without Maths

Although there's no rule barring non-maths students from pursuing this career, such students are likely to face difficulties, as this is often a highly numbers and data driven field.


3. Management

Management is the coordination, planning, forecasting and organizing of a company’s processes, to ensure effective functioning and growth. It is another popular career route, with a comparatively reliable career progression. It is a broad field that permits you the chance to pick from different roles and specializations, including operations, marketing, HR, finance, international business, sales, etc.

 

Career Opportunities in Management

Management  a highly versatile degree, you can find various national and global opportunities  like consulting, general management, human resources, marketing, sales marketing, strategy, operations management, supply chain management, finance, etc. in various industries and sectors, like FMCG, Retail, Education, Telecom, etc. There also are various specialised fields available, like Sustainability Management, Sports Management, apparel industry Management, Communications Management, etc.

 

Educational Path to Pursue Management

To go into the domain of management, you would like to pursue a graduation in any field (preferably BBA/BMS), followed by an MBA.

 

Commerce Without Maths

There are some institutes (such as DU, NMIMS, among others) that have an eligibility criterion that needs mathematics for a BMS/BBA course. However, there are many other colleges that do allow non-maths students, like IIM Indore, St. Xavier’s College, Christ University, etc.

There are some institutes (such as DU, NMIMS, among others) that have an eligibility criterion that needs mathematics for a BMS/BBA course. However, there are many other colleges that do allow non-maths students, like IIM Indore, St. Xavier’s College, Christ University, etc.

 

Top UG Colleges for Management

Shaheed Sukhdev College of Business Studies, Delhi; IIM, Indore; Delhi University (Various Colleges); NMIMS University, Mumbai; Symbiosis International University, Pune


4. Commerce

This is an umbrella field for various commerce-related domains, like accounting, auditing, finance, taxation, etc. A degree in B.Com provides you various streams of commerce and acts as a gateway to varied professional and better education opportunities. .The flourishing trade and commerce of the country, also because the growing economy, make this an in-demand field with variety of respectable and lucrative career options available.

 

Educational Path for Commerce

You can pursue a B.Com or B.Com (Hons.) degree at the UG level, and follow it up with an M.Com, MBA or a certification course, such as CA, CS, CMA, etc., depending upon the sector and role you would like to urge into.

 

Top UG Colleges for B.Com

Sri Ram College of Commerce (SRCC), Delhi; Lady Shri Ram College(LSR), Delhi; Hansraj College, Delhi; Loyola College, Chennai; Christ University, Bangalore; St. Xavier’s College, Mumbai; Narsee Monjee College of Commerce and Economics, Mumbai; St. Joseph’s Commerce College, Bangalore



5. Chartered Accountancy (C.A)

One of the foremost well-known and popular career paths for commerce students, accountant (C.A), is an internationally recognized professional certification conducted by the Institute of Chartered Accountants of India (ICAI).
A accountant works across various domains of business like audit, taxation, investment, finance, etc. to increase the profitability of the firm.

 

Career Opportunities for CA

You can find professional opportunities in government and personal organizations, in roles like auditing, tax consulting, finance , investment banking, finance , investment banking, etc. You would even have the choice to line up private practice after a couple of years of experience.

 


Educational Path to Pursue CA

After your 12th standard, you would like to travel through the subsequent steps to become a Chartered Accountant:

Step 1: Register yourself with the ICAI, and clear the Competency Professional Test (CPT).
Step 2: Clear the IPC Course Exam in one or both groups.
Step 3: You can do articleship for 3 years under a practicing C.A or a C.A firm.
Step 4: After or during the completion of your articleship, clear the C.A Final to realize your C.A certification.
 

Commerce Without Maths

It is not mandatory to possess a maths background, but it can prove highly beneficial.




6. Company Secretary (C.S)

Company Secretary may be a professional course administered by The Institute of Company Secretaries of India (ICSI). The Company Secretary takes care of the efficient administration of a corporation , ensuring legal and statutory compliance, and governance-related issues like decisions of the board of directors are implemented. In the CS Icludes giving advice on conducting business, handling situations involving conflict of interest, suggesting ways to organize financial reports, developing corporate strategy, assisting in planning, and advising on company law.

 

Career Opportunities for CS

You can work with both sector organizations public or private and render services in areas like legal, secretarial and company governance, corporate restructuring, foreign collaborations and joint ventures, arbitration and financial management, project planning, capital market , corporate advisory services, etc. You can also found out independent practice in these areas.

 

Educational Path to pursue CS

There are three stages within the CS Course – Foundation Program, supervisory program and Professional Program. After passing the chief program, you've got to undergo 15 months of practical training. On completion CS
 and its requisites, you'll join as an Associate Member of the ICSI, and can tend the designation of Associate Company Secretary (ACS).

 

Commerce Without Maths

This career doesn’t require a maths background.


 

7. Finance

A career in the finance domain involves helping businesses and individuals in making various financial planning decisions, monitoring cash flow, managing assets and liabilities, raising capital for expansion and running business operations. A common set of skills required across finance careers include an honest grasp of economics and accounting concepts, a knack for numbers and data, and analytical thinking.

 

Career Opportunities in Finance

This sector  may include various roles, like Investment Banking, Financial Planning/Consulting, securities analyst , finance , Private Equity and risk capital , Wealth Management, Risk Management, etc.

 

Educational Path for Finance

You can either choose a specialised finance course (BFIA, BFM, etc.) at the undergraduate level, or pursue a more broad course, such as B.Com or BBA. While it's possible to urge into this career through any graduation, these courses would equip you with the requisite knowledge of monetary concepts and related skills right from the start, leading to a stronger base.

At the post graduate level, you'll either choose a specialised Master’s in Finance (more suited to roles like Wealth Management) or choose an MBA in Finance (better suited to roles like Investment Banking, Corporate Finance). You  pursue additional certifications in finance your skill-set, like CFA (Chartered Financial Analyst), CFP (Certified Financial Planner), FRM (Financial Risk Manager), etc.

 

Commerce Without Maths

This career doesn’t require a maths background, but it are often highly beneficial.

 

Some Top UG Colleges for Finance

Shaheed Sukhdev College of Business Studies, Delhi; Jai Hind College, Mumbai; H.R College of Commerce & Economics, Mumbai; Hinduja College of Commerce, Mumbai; K.C College, Mumbai
Location: India

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