A Survey was conducted by the All India Survey on Higher Education in the year 2019. Commerce is the most demanding subject after science. Around 40.3 students opt for the commerce stream after passing class 10th. The Future of this stream is much better as compared to other related streams. There are tons of Career Opportunities for Commerce Students, all you need is to study wisely and choose the right institute for education.
Commerce students are analytical and appropriate with numbers and facts making them especially employable to potential employers. Finance Companies like Banking and Insurance opt for employment to commerce students only.
Career Opportunities for Commerce Students:
Commerce is more about practicality. We all have to study commerce somewhere in our lives to understand to manage our finances better. With so many choices for higher education in the field. It became confusing for the students.
Top Career Opportunities for Commerce Students:
Commerce has scopes not only in India but internationally. Here are some best Career Opportunities for Commerce Students that one can opt for after passing class 12th in the Commerce stream.
Economics:
It is the learning about the production, transfer, and use of goods, services, and resources. It is a research-oriented profession and would require you to analyse and make use of number theories, principles, and models.
Career Opportunities: The subject has an extraordinarily advantageous future outlook, as there is a big demand for certified economists in consulting firms, private banks as well as public sectors in India and abroad. Professional possibilities in this subject consist of working as an:
- Economist
- Statistician
- Strategist
- Risk Administration analyst
- Operations research analyst
- Insurance underwriter and
- Budget Analyst etc.
Actuarial Science:
Actuarial Science is a discipline dealing with the evaluation of risks such as insurance, business, finance, and healthcare. Professionals in this subject (called Actuaries).
They make use of mathematical equations, statistics, and financial theories to decide the chance and uncertainty related to future activities that can have an impact on business. To this end, they gather statistical data and conduct analyses and strategies for business.
Career Opportunities: The Demand for Actuaries is growing in India and in Abroad. The Career Opportunities for Commerce Students in Actuarial Science, they can work in:
- Life insurance, General insurance, Health insurance
- Pension funds
- Actuary consulting firms
- Investment
- Pension and retirement
- Risk management etc.
Management:
Management is the coordination, planning, forecasting and organizing of a company’s processes, to make certain high-quality functioning and growth.
It is any other famous professional route, with a rather dependable professional progression. It is a huge subject that permits you the chance to choose from specific roles and specializations, which include operations, marketing, HR, finance, global business, sales, etc.
Career Opportunities for Commerce Students: Management is a very high-class profession. Once you get a master’s degree in the related field. You have the option to work as:
- Consulting
- General Management
- Human resources
- Marketing & Sales
- Strategy
- Operations Management
- Supply Chain Management and Finance etc.
Chartered Accountancy (CA):
One of the most established and famous professional paths for commerce students, Chartered Accountant (CA), is an internationally identified expert certification using the Institute of Chartered Accountants of India (ICAI).
Career Opportunities: Once you are done with the course, you have the option to work in the following departments:
- Auditing
- Tax consulting
- Corporate finance,
- Investment Banking
- Corporate Finance
- Investment banking, etc.
You also have the option to work in the government sector or with a few years of experience in the field. You can also open your own consultancy services.
Read also- How to Prepare for CA Foundation without Coaching
Finance:
A profession in the finance area includes supporting groups and folks in making more than a few economic planning decisions, monitoring money flow, managing belongings and liabilities, elevating capital for growth and managing business operations. Some sets of skills are required to make a career in the field of finance like:
- Good grasp of economics
- Accounting concepts
- A knack for numbers and data
- Analytical thinking etc.
Career Opportunities for Commerce Students: This is a huge area and can consist of a range of roles, such as:
- Investment Banking
- Financial Planning/Consulting
- Financial Analyst
- Corporate Finance
- Private Equity and Venture Capital
- Wealth Management
- Risk Management etc.
These are some Best Career Opportunities for Commerce Students. There are some other professionals apart from this that are not directly related to commerce like Design, Law, Hotel Management, Mass Communication, Journalism etc.
Commerce Stream for the Future:
Commerce education is more practical and becomes easy to understand. If it is about earning, commerce graduates work in Multi-Nationals companies and earn very decent. No matter country’s Economy goes up or down. Commerce will be always in demand. Apart from all the mentioned job profiles. One can start their own company after gaining sufficient knowledge about finance, marketing and management etc.
FAQs For Career Opportunities in Commerce Students
There are many but the Marketing Manager, Investment Banker, Human Resource Manager and Chartered Financial Analyst (CFA) that are in very high demand.
In order to make a better future in commerce, you must have a solid understanding of accounting, business law, the stock market etc. Opt for MBA after Bachelor’s degree.
Choose your field accordingly, if you are interested in management, opt for BBA or if interested in Finance, opt for Bachelor’s in Finance and so on.
