What are the Best Commerce Career Options After the 12th?

Commerce is a stream that offers vast career options. The students have a large number of decisions when it comes to careers. It is important to acquire the right abilities to flourish in the fast-paced world. Choosing the right stream plays a crucial job in this. Commerce offers great chances and opens the door to several lucrative careers. The top commerce career options include accounting, chartered accountancy, financial management, cost accountancy, actuary, and much more.

What is Commerce?

Commerce is defined as the exchange of goods and services among individuals and business entities. Commerce plays a significant job in the development of nations and their citizens by facilitating trade between nations or within the nation.

Commerce Career Options with and without Mathematics

There are a great deal of career options in Commerce with and without Mathematics. A list of such commerce career options has been mentioned below:

Chartered Accountant

This is one of the most popular career options in commerce. The candidate has to clear a number of exams in request to Chartered Accountant (CA).

The job requires the candidates to do taxation, financial reporting, auditing, and other tasks related to a company’s finances.

Average Salary in India: 9.5 LPA

Investment Banker

The most significant job in a company organization is held by an investment banker. Accordingly, it is among the greatest and highest paying employment in India. Students in the commerce stream can advise and make suggestions to the organization on investments and savings because they are familiar with accounting and finance.

The primary responsibility of an investment banker is to help financial recommendations made by a corporation to maximize resource use.

Cost Accountant

This profession is as much lofty and in demand.

A cost accountant looks after the budgetary needs of the company, data collection, analysis of profitability, and other related activities to ensure cost effectiveness.

Average Salary in India: 6.5 LPA

Management Consultant

A management consultant is a professional who gives master advice to organizations on how to improve their performance and achieve their goals. They analyze problems, foster solutions, and advise on strategy, operations, and organizational design. They work with clients across various industries and may specialize in specific areas like finance, marketing, or technology.

Chartered Financial Accountant

A Chartered Financial Accountant (CFA) offers advisory to organisations or clients concerning financial decisions and investments.

A CFA has a job in various organizations, for example, insurance companies, banks, investment firms, brokerage houses, and so on.

Average Salary in India: 9.5 LPA

Marketing Manager

He or she is expected to oversee a company’s product marketing division. They organize, advertise, plan, and estimate enterprises.

Public relations and advertising are two strategies utilized by marketing managers to increase sales and the company they work for market visibility. A career in marketing management offers a wealth of lucrative and exciting options because there are many different marketing specialities to choose from.

Actuary

The central work of an actuary lies in the analysis of the risks involved, and other potential financial problems that could affect a company and financial modelling based on the analysis.

Average Salary in India: 10.11 LPA

Human Resource Manager

HR manager is a notable profession in the industry therefore it is one of the best commerce career options to seek after graduation. Human resource managers search, screen, and recruit new employees as well as administer employee benefit plans and other employment-related incentives. Because of individuals’ growing interest in working in the management and business sectors, there are a great many opportunities in this industry.

Product Manager

Product Management is one of the leading jobs that is finding prominence and popularity in almost all industries in recent times. This job is played by the Product Manager.

Average Salary in India: 20.3 LPA

Company Secretary

After finishing the company secretary course, candidates undergo training conducted by the Institute of Company Secretaries of India (ICSI). With an increase in the number of companies, the job of a company secretary is in high demand.

Sales Manager

A Sales Manager looks after the sales of the company or organization. They also train the recently recruited sales staff while giving them targets to chase while making sales. The work of a Sales Manager also consists of generating leads and working towards increasing sales.

Average Salary in India: 8.5 LPA

Certified Public Accountant

Certified Public Accountant (CPA) is a profession that involves performing various accounting, auditing, taxation, and advisory tasks to help individuals, businesses, and organizations manage their finances successfully. Overall, pursuing this career option in the commerce stream offers various benefits, including career advancement, global recognition, job security and high earning potential.

Hotel Manager

Hotel Management is one of the most viable commerce career options for students without mathematics. The work of a Hotel Manager consists of taking care of the facilities of the hotel like accommodation, food, services, and other amenities in the hotel.

They also deal with the customers and address their grievances if any. It is the job of a Hotel Manager to ensure that the operations of the hotel are standard, while also taking care of the safety strategies.

Average Salary in India: 3.35 LPA

Also Read: Some Common Fresher Interview Questions with Answers

Chartered Financial Analyst

The job of a chartered financial analyst is to work on investment management and financial analysis of any organization. CFAs conduct bottom analysis of financial statements, economic data, and market trends to evaluate investment opportunities and assess the financial health of companies.

The eligibility criteria to become a CFA is that the candidate must have a bachelor’s degree be in the final year of their degree, or have about 4000 hours of work experience in three years.

Retail Manager

Retail Management is one of the best commerce career options for the candidates without mathematics. It is a very profitable job; The job of a Retail Manager consists in maintaining looking after and maintaining the sales of a company.

They work following the principles of consumer psychology, consumer acquisition strategies and other consumer-centric philosophies to increase the sales and therefore the profits of the organization.

Average Salary in India: 7.38 LPA

What are the Commerce stream boards available in India?

There are 4 main educational boards in India. The students have the liberty to pick the board that they are comfortable with. The decision can be made according to the degree of difficulty associated with the syllabus. The educational boards’ names are mentioned below:

CBSE – Central Board of Secondary Education
ICSE – Indian Certificate of Secondary Education
IB – International Baccalaureate
State boards

International Baccalaureate is considered the most difficult board among the above-mentioned educational boards. It concentrates on the notion of ‘how to learn’. A great deal of prominence is placed on ‘knowledge application’ and ‘practical aspects’ of studying.

IB is trailed by the ICSE board when it comes to the complexity level. Later comes the CBSE board, which is one of the most popular boards in India. It goes under the domain of the Union Government of India. The difficulty level related to this board is average.

Finally, we come to the State Boards. Every state in India holds its board of education. It is regulated under the individual State Governments of each state. The vehicle of instruction (language) in the case of schools allied to state boards is the regional language of the particular state and English.

Subjects in Commerce Stream

Subjects that are included in the commerce stream are as per the following:

Economics

One of the most important and sought-after topics in commerce is economics. Economics is a field of social science that examines resource allocation and best use as well as the creation, exchange, and utilization of commodities and services within a society.

In contrast to macroeconomics, which examines how the economy responds to issues like rising costs, Gross domestic product, the equitable distribution of assets, and global economies, microeconomics examines independent decisions and customer behavior on a local scale.

Business Studies

For students majoring in commerce, business studies are one of the seriously intriguing and captivating courses. Regardless of whether you picked the commerce stream with or without math, it is as yet a need for the syllabus and CBSE Courses for Class 11. Business Studies covers all the essential ideas for individuals who want to learn more about the activities of business enterprises, from their inception through their management.

The coursework for this subject tries to give students a fundamental knowledge of the different principles and practices prevalent in industries and businesses and to specifics their interactions with society because the study of business enterprises and how they operate is a critical component of the Commerce stream.

Accountancy

Accounting is one of the most popular decisions for those interested in a career in the commerce field. It deals with the recording, categorization, and reporting of commercial transactions for a firm or an individual. Momentarily said, knowing accounting makes it conceivable to control a company’s costs and revenue, giving management feedback on an organization’s financial activities and performance.

Along with monitoring the company’s financial situation, the key tasks associated with accounting are issuing invoices, tracking reserves, and paying workers.

Mathematics

Since all economic cycles are based on numbers, mathematics plays a significant job in commerce. An individual or organization will actually want to grasp their financial status both now and, later on, if they have a basic understanding of mathematical concepts. Most businesses use mathematics for sales forecasting, marketing, accounting, and inventory management.

Conclusion

You must go through the earlier years’ question papers, discover the important questions, analyze and comprehend the exam pattern, sample papers and more.

If you like this guide on commerce career options, don’t forget to check out our other blogs as well!

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