Attention, 12th class Commerce Champions! Prepare to discover a universe of exciting career possibilities. Your business knowledge has given you superpowers in numbers, money, and business acumen. Prepare for a voyage through 12 mind-blowing job alternatives personalized just for you. From financial wizards to marketing masters to business giants, we’ll lead you along each exciting route, sparking your passion and driving you to success. So buckle up, release your secret abilities, and start on this intergalactic trip to discover your commerce superpowers!
We’ll travel the worlds of banking, marketing, and entrepreneurship together, revealing the secrets to credentials, wage potential, and the pure joy of each profession. Prepare for an incredible journey that will reshape your path and catapult you into a future full of possibilities. Let’s unleash your business superpowers and conquer the professional universe!
This article is a part of our series on career options with each stream combination. Read more: Career options for Humanities students | Career Options for PCB Students | Career Options for PCM Students
Professional opportunities in this field include working as an economist, statistician, strategist, risk management analyst, operations research analyst, insurance underwriter, budget analyst, etc.
Do you wish to get more insights into the field of risk management? Try out the Virtual Internship Program at Mindler to know if you are the right fit for your chosen career.
Recommended Read: What is B.A Economics All About? Career Options & Colleges
2. Actuarial Science
Actuarial Science is a field dealing with the analysis of risk across various fields, such as insurance, business, finance, and healthcare. Professionals in this field (called Actuaries), employ mathematical equations, statistics, and financial theories to determine risk and uncertainty associated with various future events that can impact business. To this end, they collect statistical data, conduct analysis, and design and implement numerous business strategies.
Their work can thus involve designing and determining the pricing of insurance policies, establishing the amount of liabilities, etc. It is one of the emerging career options and is extremely lucrative on the monetary front. However, it is also considered one of the toughest careers, with longer work days than others on average, and a relatively tough academic cycle. It can be an excellent career option if you enjoy numbers, statistics, and data analysis.
Career Opportunities in Actuarial Science
Actuaries work in life insurance, general insurance, health insurance, pension funds, enterprise risk, actuary consulting firms, investment, pension and retirement, risk management, etc.
Recommended Read: Numbers Speak: Uncovering Actuarial Science as a Career
Management is the coordination, planning, forecasting and organizing of a company’s processes, to ensure effective functioning and growth. It is another popular career route, with a relatively reliable career progression. It is a broad field that allows you the opportunity to select from different roles and specializations, including operations, marketing, HR, finance, international business, sales, etc.
Career Opportunities in Management
Management being a highly versatile degree, you can find various national and global opportunities in domains such as consulting, general management, human resources, marketing, sales, strategy, operations management, supply chain management, finance, etc. in various industries and sectors, such as FMCG, Retail, Education, Telecom, etc. There are also various specialised fields available, such as Sustainability Management, Sports Management, Fashion Business Management, Communications Management, etc.
Read More: Management as a Career in India
Recommended Read: 6 Upcoming MBA Specialisations and Where They Can Take You
This is an umbrella 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 domains 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 several respectable and lucrative career options available.
Recommended Read: BBA vs. B.Com vs. B.A Economics – Which One Should You Go For?
5. Chartered Accountancy (C.A)
One of the most well-known and popular career paths for commerce students, 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.
Career Opportunities for CA
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.
Recommended Read: Company Secretary (CS) Vs. Chartered Accountant (CA): Which is Better?
6. Company Secretary (C.S)
Company Secretary is a professional course administered by The Institute of Company Secretaries of India (ICSI). The Company Secretary takes care of the efficient administration of a company, particularly with respect to ensuring legal and statutory compliance, and governance-related issues such as ensuring that the decisions of the board of directors are implemented. Their job involves giving advice on conducting business, dealing with situations involving conflict of interest, suggesting ways to prepare financial reports, developing corporate strategy, assisting in planning, and advising on company law.
Career Opportunities for CS
You can work with both public and private sector organizations and render services in areas such as legal, secretarial and corporate governance, corporate restructuring, foreign collaborations and joint ventures, arbitration and conciliation, financial management, project planning, capital market and investor relations, corporate advisory services, etc. You can also set up independent practice in these areas.
Read More: Company Secretary as a Career in India
A career in the finance domain involves helping businesses and individuals in making various financial planning decisions, monitoring cash flow, managing assets and liabilities, raising capital for expansion and running business operations. A common set of skills required across finance careers include a good grasp of economics and accounting concepts, a knack for numbers and data, and analytical thinking.
Career Opportunities in Finance
This is a broad sector and can include various roles, such as Investment Banking, Financial Planning/Consulting, Financial Analyst, Corporate Finance, Private Equity and Venture Capital, Wealth Management, Risk Management, etc.
Recommended Read: Playing With Numbers: Top 7 Career Options in Finance in India
8. Bank PO
Bank Probationary Officer (PO) is an entry-level position in a bank, where an individual begins as a trainee. Bank PO exams are conducted by both public and private banks. During the probationary period (2 years), the candidates are required to work across various activities related to the daily functioning of a bank, such as handling cash flow, customer complaints, supervising clerical work, loan processing and approval, issuing ATM cards and checkbooks, etc. After the completion of the probation period, the candidate becomes an assistant manager, with an outlook at becoming the branch manager and attaining higher positions over the years.
Career Opportunities for Bank PO
You can find various positions of work in the bank, including, accounts clerk, administrative assistant, cashier, credit officer, insurance officer, postal employee, financial dealer’s assistant, etc.
Read More: Bank PO as a Career in India
Recommended Read: Will Dropping Maths in Class 11 Affect Your Career?
10. Cost and Management Accounting
Cost and Management Accountants (earlier referred to as Cost and Works Accountants) are responsible for budgeting, cost management, performance evaluation and asset management within a company or organization. The CMA is a certification provided by the Institute of Cost Accountants of India (ICAI), formerly known as the Institute of Cost and Works Accountants of India (ICWAI).Cost and management accountants work alongside corporate executives to prepare the financial plan and strategy of the company, and also prepare financial reports for various regulatory authorities, creditors, tax authorities, etc.
Career Opportunities for CMA
You can work as a cost accountant, and other related fields such as financial consulting and auditing. Cost accountants can also advance to even higher-level positions in the financial domain, such as finance director, financial controller, cost controller, etc.
Read More: Career as a Cost Accountant in India
Stockbroking is a career that involves buying and selling of stocks on the stock market. Stockbrokers manage investments in stocks, bonds, and derivatives for their clients, and advise them about market fluctuations. Their clients include individuals buyers as well as small and large organizations. With the steady growth in the Indian stock markets, this field is predicted to witness a good growth in demand for qualified professionals. Stockbroking is also a possible career option for you if you have a propensity for following financial markets, such as Nifty and Sensex, and are adaptable and quick on your feet.
Career Opportunities in Stockbroking
You can work with brokerage firms, insurance companies, banks, investment banks, pension funds, and other financial institutions. You can also work as an independent broker as you acquire domain expertise over the years.
Read More: Stockbroking as a Career in India
This career is the talk of the town as many people these days wish to set-up their own business, referred to as a start-up. Entrepreneurs conceptualize the business idea, build the structure, function, and strategy, and subsequently design and launch the company. Entrepreneurship is a broad field, and one can be associated with a wide range of ventures to sell products, services, or processes.
It has an extremely positive outlook for the future as the government and political setup of the country is supporting start-up initiatives. The key traits required to be successful in this field include creativity, business knowledge, and persistence. However, this can prove to be a very risky path to pursue and is relatively more challenging than many other career options.
Read More: Entrepreneurship as a Career in India
Statistics is a field involved in the interpretation, analysis, and representation of numerical data. Statisticians collect and analyse data to solve various problems and make recommendations in organizations, both in the public and private sector. Statisticians conduct data collection, organize data, use various statistical tools and techniques to analyse the data, base conclusions and inferences on the data, and further make recommendations to stakeholders and policymakers based on the results. This is a challenging, yet rewarding, career with flexibility of work opportunities and possibilities to work across various sectors.
Career Opportunities in Statistics
There are a variety of opportunities available both in the public and private sector in roles such as data analysis, big data, market research, investment analysis, research analysis, risk analysis, etc.
Recommended Read: Love Maths? One Of These 8 Careers Could Be Perfect For You!
High-paying commerce stream jobs
|Job Designation||Roles and Responsibilities|
|Chartered Accountant||Financial reporting, auditing, tax planning, and advisory services.|
|Investment Banker||Financial analysis, mergers and acquisitions, capital raising, and risk management.|
|Data Scientist||Analyzing complex data sets, developing algorithms, and providing data-driven insights for business decisions.|
|Financial Manager||Developing financial strategies, managing budgets, analyzing financial data, and advising on investment decisions||.|
|Marketing Manager||Developing marketing strategies, conducting market research, managing campaigns, and analyzing consumer trends.|
|Actuary||Assessing and managing financial risks, analyzing data, designing insurance policies, and calculating probabilities.|
|Supply Chain Manager||Managing logistics, coordinating the flow of goods, optimizing supply chain operations, and ensuring cost-efficiency.|
|Human Resources Manager||Recruitment, employee management, training and development, implementing HR policies, and ensuring compliance||.|
|Risk Manager||identifying and mitigating potential risks, developing risk management strategies, and ensuring compliance with regulations||I.|
|Business Analyst||Analysing business processes, identifying opportunities for improvement, conducting market research, and recommending solutions||.|
Tips to choose the right career options after 12th Commerce
Choosing the proper professional route after finishing your 12th grade may be a critical decision that will lay the groundwork for your future. Here are some important steps to help you make an educated decision:
- Self-Reflection: Consider your hobbies, strengths, and passions. Consider the issues or topics that most interest you in the realm of trade. Consider your talents, beliefs, and long-term objectives to match them with prospective employment opportunities.
- Investigate Career opportunities: Investigate the many career opportunities open to commerce students. Investigate diverse professions, industries, and career opportunities in finance, accounting, marketing, entrepreneurship, and other fields. Examine the work duties, development opportunities, and skills necessary for each choice.
- Seek Advice: Speak with career counsellors, instructors, experts, and individuals who work in the fields that interest you. Seek their counsel and insights to better comprehend various job possibilities. They may give useful information on the demands, obstacles, and possibilities associated with certain careers.
- Examine Market Demand: Think about present and future work market trends for various career paths. Look for sectors with increasing demand and good chances. Consider considerations such as wage potential, work stability, and opportunities for development and progress.
- Know your skills: Identify the skills and credentials necessary for your desired employment alternatives. Examine your current abilities and evaluate if you need extra information or training. Consider obtaining appropriate certificates, diplomas, or degrees that may help you get a better job.
- Internships and work Shadowing: Gain practical experience by participating in internships, apprenticeships, or work shadowing programs. This hands-on experience will assist you in determining if a certain vocation corresponds with your expectations and interests.
- Networking and Informational Interviews: Meet professionals in your target disciplines through networking events, alumni networks, or online platforms. Conduct informative interviews with prospective professionals to learn about their experiences, problems, and suggestions.
- Consider Future Trends: Keep up to speed on future trends and technologies that may influence the labour market. Consider how automation, digital change, and globalization may impact your employment choices.
- Take Risks and Explore: Don’t be afraid to push outside of your comfort zone and pursue alternative professional routes or entrepreneurial endeavours. Accept possibilities for development and learning, even if they require you to take calculated risks.
- Follow your passion: Last but not least, trust your intuition and pursue your passion. Choose a job that appeals to you and is consistent with your beliefs, interests, and long-term ambitions. Remember that a fulfilling profession provides you with pleasure and a feeling of purpose.
You can make the right choice and pick the correct professional route that leads to a successful and rewarding future by following these steps.
Congratulations, students! You’ve opened the door to a world of intriguing career possibilities in commerce & management. Remember to pursue your interests and trust your instincts as you set sail for your ideal career.
Accept the obstacles that come your way as chances for development and learning. Seek advice from mentors and make connections with others who share your interests. Success is about more than simply money; it is about finding pleasure and fulfillment in your profession. So, take chances, explore new vistas, and begin on a trip that will determine your future.
You are well-equipped to negotiate the world of trade and craft your route to success if you are determined and thirsty for information. May your chosen career path provide you with pleasure, development, and limitless opportunities. Best wishes for your exciting adventure ahead!
Q: What is a good career in commerce?
A: There are many rewarding occupations in commerce, including chartered accounting, investment banking, financial analysis, marketing, human resources, and entrepreneurship.
Q: What work is in demand in commerce?
A: Due to the changing business environment and the need for specialized abilities, professions such as financial analysts, data analysts, digital marketers, supply chain managers, and risk managers are in great demand in the commerce area.
Q: Does Commerce have no scope?
A: Commerce provides a diverse range of job prospects in fields such as finance, accounting, marketing, e-commerce, and consultancy. It offers a solid basis for corporate development and success.
Q: Why do students choose commerce?
A: Students often select commerce because of its practical and real-world applications, as well as the variety of job opportunities it provides. Commerce offers students a strong foundation in business and economics, allowing them to explore a variety of professional choices.
Q: Is commerce good for UPSC?
A: While commerce is not directly relevant to the UPSC Civil Services test, it might be beneficial for administrative positions such as Indian Revenue Service (IRS), Indian Economic Service (IES), or individuals interested in economics-related disciplines.
Q: Is commerce good after 12th standard?
A: Yes, commerce is a popular option after 12th grade since it offers up several professional opportunities. Students may pursue courses such as B.Com, CA, CS, CMA, or management, finance, or marketing studies, which will lead to excellent employment opportunities.
Q: Is 12th standard commerce easy or hard?
A: The difficulty level of 12th commerce differs from person to person. It requires a solid grasp of areas such as accounting, economics, and business studies. Students may flourish in their commerce courses with correct study habits and assistance.
Q: How many jobs are there in the field of commerce?
A: There are several career possibilities in the commerce industry across businesses and sectors. The precise quantity of available jobs might change depending on variables such as economic circumstances and market needs.
Q: Is commerce good for the future?
A: Yes, commerce is seen as a sector with a bright future. With technological improvements, globalization, and an increasing need for business experience, commerce experts will remain in high demand, offering several prospects for growth and success.
Q: Is commerce good for IAS?
A: Commerce is not a typical IAS test topic. Candidates with a business background, on the other hand, may succeed in some administrative professions such as IRS or IES, where knowledge of finance, economics, and commerce-related disciplines is advantageous.
Q: Is commerce better than the humanities?
A: The decision between commerce and the arts is influenced by personal interests and professional goals. Commerce is concerned with business-related disciplines, while humanities/arts are concerned with a larger variety of subjects such as literature, history, and social sciences. Both disciplines provide exceptional potential for personal and professional development.
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