What is commerce? Do you know?
Let me explain you.
In very simple words, “Commerce is a branch of any business which covers the economical part of the legal, social, political, technological and cultural system”.
Commerce is the choice of a big community of the students. The students, who wish to work in a corporate world, usually select the commerce field in their education and wish to appear for CAT Exam and MAT exam.
Commerce count the all activities those are involved in the exchange of goods and services considered to the money, between the person and companies.
Commerce is the only backbone which may cause the market and the economy of the company.
Courses after 12th Commerce
You have had some queries regarding commerce education.
Like: The courses/subjects and career options available after 12th commerce
If you really want to choose the commerce as your dream career, you should prepare just after the completion of your 10th standard education.
The students who are still confused which field they should choose after 12th standard, they should read our complete courses after 12th guide which will help them to understand available career options after 12th.
You need to select the commerce subjects in SSC. Here we are providing you the list of subjects for 10+2 commerce:
- Business economics
- Cost accounting
- Income tax
- Business finance
- Business law
Many colleges in India and abroad are offering the courses in commerce field. There is prospect to do the diploma courses, UG courses and the PG courses after the completion of the 12th commerce.
Courses & Eligibility
One of the most confusing questions for the students is what to do after 12th commerce with maths or without maths?
As a 12th class commerce student, you must be aware about the basic concepts of economics, accountancy, mathematics and business studies. Good knowledge of these concepts can help you in your further education in commerce field.
After completing 12th in commerce stream, you have plenty of options to choose. BBA and B.Com are the most common courses opted by the students. Besides BBA & B.Com, there are also other courses available which can lead you to a bright career.
You can go for:
- Bachelor of Commerce (B.Com)
- Bachelor of Management Studies (BMS)
- Bachelor of Business Studies (BBS)
- Bachelor in Business Management/Administration (BBM/A)
- Master of Commerce (M.Com)
- Master in Business Administration (MBA)
- Chartered Accountancy (CA)
- Chartered Financial Analyst Program (CFA)
- Company Secretary Program (CS)
After selecting a course in commerce field, the next question arises in mind is..
Am I eligible to apply for this course?
After completing 12th with commerce stream, you have to start your further education by choosing UG or Integrated UG courses like five year integrated BBA + MBA. To apply for admissions in UG courses, you must have completed 12th or equivalent exam with commerce subjects from any recognized board.
Most of the colleges offer admissions to students in B.Com or BBA courses on the basis of merit. The merit list will be drawn on the basis of marks obtained in 12th or equivalent exam.
Some other colleges and universities provide admissions to students through national, state or university level entrance exams. Students can appear in the entrance test as per their convenience. Here we have listed some entrance exams for BBA aspirants:
- AIMA UGAT (AIMA Under Graduate Aptitude Test)
- Symbiosis SET (Symbiosis Entrance Test)
- IPU CET (Indraprastha University Common Entrance Test)
Jobs & Career option
Once the student gets into this field he has to face the very first question as:
Which are the career options available in commerce field?
The commerce is one of the three basic and broad fields of the education. Another two are the Science stream and Arts/Humanities stream. You can join the government sectors or the private sectors.
Some major industries where commerce graduates can find jobs are Banking, Accounts, Insurance, Management, Investments and many others.
You can be a part of the corporate world as the analyst, executive, banker, Sr. executive or manager. There are a lot of job opportunities in the commercial field.
You can choose one of the below fields as per the specialization of your degree:
- Mathematics and Statistics
- Chartered Accountants
- Company Secretary
- Stock Broking
- Agriculture Economics
After obtaining a degree in commerce field, where I can find the job opportunities?
Some Employment Areas for B.Com Graduates are:
- Business Consultancies
- Foreign Trade
- Public Accounting Firms
- Educational Institutions
- Investment Banking
- Industrial Houses
- Budget Planning
- Multinational Companies
What will be your Job Profile?
Some Job Profiles of commerce graduates are:
- Budget Analyst
- Chartered Management Accountant
- Chief Financial Officer
- Business Consultant
- Finance Manager
- Stock Broker
- Production Manager
- Management Accountant
“Commerce field is one of top career options which offer a handsome salary packages to deserving candidates”.
The structure of salary is depends on the employers and the role or working field in commerce. A fresher analyst can get the 10000 to 15000 per month while the senior one (executive or manager) can get the 30000 to 50000 per month.
The average salary of a CA of the company is around the 5 lakh to 10 lakh per annum. Some of the tycoon companies offer more than 10 lakh per annum to the company CA.
“By holding a good position and work experience in the respective field, you can earn beyond the limits”.
Books & Study Materials
There are various books and study materials are available in the market or internet. Here we have listed some most recommended books for commerce students:
Industrial Relation in India by Ratan Sen
Accounting Fundamentals of Corporate Accounting by J.R. Monga
The Ascent of Money: A Financial History of the World by Niall Ferguson
Auditing Principles & Practice of Auditing by Dinkar Pagare
Industrial Relations in Indian Enterprises by R.S Dwivedi
Theory of Financial Management by Ezra Solomon
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