One of the popular streams that students choose after Class 10th is commerce. The commerce stream has witnessed a vast change over the past years, with a range of specialisations and new emerging career options. Until a few years ago, a commerce degree with popular specialisations like accounting, finance, banking, etc, would automatically lead to a job in the banking sector. Now the scene has changed and has given students a variety of options to choose from. With a growing economy like India, commerce graduates can work in areas like mutual funds, stock markets, venture capital, insurance schemes and portfolio management etc. Teaching and research is also one of the finest options to choose.
The career prospects in commerce include interdisciplinary domains such as Banking, Chartered Accountancy, Company Secretary, Economics, Stock Broking, Cost Work and Accountancy, and Agricultural Economics etc. One can also work as Finance Manager, Finance Controller, Finance Consultant, Investment Analyst, Stock Broker, Portfolio Manager, Tax Auditor, Tax Consultant and Auditor.
Major governing bodies for commerce programmes are UGC, ICAI, ICSI and ICWA, AICTE etc. For details see Apex bodies.
Other than the traditional commerce courses like BCom, students can now opt for Bachelor in accounting and finance, Bachelor in banking and insurance and Bachelor in financial markets etc. Children can also carve their path in management, foreign trade, economics and stock broking. If you want to pursue a career in teaching, then you should opt for postgraduate MCom or higher studies in commerce. Institutes teaching look for quality teachers to fill in the vacant positions.
Shri Ram College of Commerce (SRCC), Delhi, Loyola College, Chennai, St.
Xavier’s College, Kolkata, Presidency College, Chennai, Symbiosis
Society’s College of Arts & Commerce, Pune, St. Joseph’s College,
Bangalore are some of the top commerce colleges in India. Also most of the universities offer commerce education through various departments. For exclusive details go to Universities Hub
Tentatively you need following basic qualifications to enter into Commerce Education program
Often candidates are required to appear for entrance examination for admission.
The degrees and certificates awarded by any recognized college India whether Government or Private is valid to apply for study abroad and work in India and overseas. For details see International Tests
See rankings of Universities and Institutes of Higher Education (HEIs), click here.
Central and State Government through UPSC, State PSCs, University Grants Commission (UGC), Research Institutions and industry partners. Teaching institutions also offer placement facilities through which students are selected to work in India and abroad.
Commerce in India is a highly employable field. Self-employment options are many. However, high level support is required from the government to work as a Commerce Entrepreneur. Some of the top options are; star a consulting firm, work as individual, get involved into share market start a small business etc.
Short Term courses in Commerce Education are offered through various government agencies and industry partners. Course duration may range from 7 to 10 days to a couple of months. Knowledge of computers is required to study most of the short term commerce programmes.
Individuals trained in commerce can find work opportunities in all the industry domains both government and private. All industries need help from commerce professionals to make profit and further divert that profit to make more profit. Commerce professionals help in making money for money and thus help in growth and development.
To know more about Commerce education in different states and UTs please go to:-