Commerce Group & Career Prospects!

Popular & Lucrative Career Options for Commerce Students After 12th

A popular misconception from the '80's & '90's  is that 'Students unable to score well enough to opt science go for commerce' or 'With commerce, I have only limited career options, such as CA, CS and B.Com' or 'Only students from a business-class family background should go for commerce'.

Probably a leftover from a tough past & colonial imposition, these statements have led the thought process of society, parents, and friends. The truth, yes, is that the commerce stream, much in the same way as science, or humanities for that matter, opens up a plethora of career opportunities for students.

Long-standing societal norms for selecting streams in our country have dictated that toppers and academically-gifted students will naturally drift towards science. However thankfully with the availability of information on the internet, this practice is fast being overturned. Students, today, are proactively opting for Commerce regardless of their academic standing.

A nodal field for various commerce-related domains, such as accounting, auditing, finance, taxation, etc. a degree in B.Com (Programme and Hons.) provides you with a solid foundation in various streams of commerce and acts as a gateway to various professional and higher education opportunities. The flourishing trade and commerce of the country, as well as the growing economy, make this an in-demand field with a number of respectable and lucrative career options available.

However what we need to remember is that we are preparing you for a job not for today or tomorrow but for a job 3 - 5 years down the line.  A simple B.Com or B.Com (Hons.) degree at the UG level will not get you a salary scale that will match inflation trends in the economy. A specialization with M.Com, MBA or a certification course, such as CA, CS, CMA is a must to ensure not just lucrative pay scales but also job security.

Chartered Accountant (C.A), is an internationally recognized professional certification conducted by the Institute of Chartered Accountants of India (ICAI). A Chartered Accountant works across various domains of business such as audit, taxation, investment, finance, etc. to increase the profitability of the firm.

Becoming a Chartered Accountant is a big dream to many because it is one of the most reverential, on demand and best-paid jobs in India. As per research, the regular salary for a Chartered Accountant is over 7 Lakhs per year.

You can find professional opportunities in government and private organizations, in roles such as auditing, tax consulting, corporate finance, investment banking, corporate finance, investment banking, etc. You would also have the option to set up private practice after a few years of experience.

The highest paying skill related jobs are Budget Management, Evaluation & Management Auditing, SAP Financial Accounting and Controlling, Strategic Accounts and Financial Advisor. Since globalization and privatization revolves around endlessly, CAs has been authorized to be auditors of companies in India as per the Companies Act giving them more opportunities than ever before!