Class 11 is a major landmark in life, as you will now be on the path towards forming your future career. From the time you began schooling and right up till Class 10, you had studied a variety of subjects, but now is the time to study what you are interested in.
Broadly speaking, there are 3 streams after Class 10, Science (PCM & PCB), Commerce and Humanities. Each stream has different characteristics, style of studying and focal points, leading to different careers.
In this blog, let us look at subjects in the commerce stream in class 11. This is a one-stop guide to know everything about commerce in class 11.
Recommended Read: Stream Selection in Class 11: A Detailed Look Into All 3 Streams
What is Commerce?
The mechanism of purchasing and selling goods is known as commerce. It’s similar to a large marketplace where individuals trade products and services. Assume you have a toy you no longer desire and a buddy has a book you’d want to read. You may exchange your toy for their book and both of you will be pleased!
Commerce is more than simply commerce. It also covers how items are manufactured, how they get to retailers, and how firms convince customers to purchase their products. It’s like a giant puzzle in which everyone has a part to play.
It is vital since it produces employment, assists companies in growing, and simplifies our lives. We wouldn’t have access to the things we need and enjoy without trade, such as clothing, food, and technology.
If you’re interested in business, you may learn about the many sorts of firms, how they generate money, and how they satisfy the demands of their customers. You may also investigate how technology and the internet have altered how we acquire and sell goods. Commerce is an enthralling topic that will lead to a plethora of intriguing chances in the future.
There are a wide variety of career options you can pursue in the field of commerce. Even if you are not a fan of mathematics, don’t worry, mathematics is not a compulsory subject in commerce and you can choose any of the variety of optional subjects available.
Scope Of Commerce:
The world of business is wide and full with opportunity. For individuals interested in the business sector, it offers up a variety of professional options and opportunities. Let us look at some characteristics of the commercial landscape:
- Business Careers: There are several job paths available in commerce, including being an entrepreneur, accountant, marketer, economist, or financial analyst. These jobs include running a firm, managing money, analysing markets, and making strategic choices.
- Global Trade: Commerce transcends national boundaries. It entails international commerce, in which nations exchange commodities and services. Understanding business may assist you in navigating the global economy and exploring chances to work with individuals from many cultures and nations.
- E-commerce and Technology: With the emergence of the internet, e-commerce has grown in importance. It entails purchasing and selling products and services through the internet. Understanding internet platforms, digital marketing, and the use of technology in commercial transactions are all part of the purview of commerce.
- Economic Development: Commerce is critical to a country’s economic development. It provides cash, creates jobs, and helps to general growth. You may learn about economic fundamentals and how companies affect the economy by studying commerce.
- Financial Management: Commerce includes financial management, which includes money management, investments, and financial planning. It prepares you to make sound financial choices, manage your own money, or seek a profession in finance.
- Entrepreneurship: Business promotes innovation and entrepreneurship. If you have a creative idea or want to start your own company, studying commerce may offer you with the information and skills you need to make your dreams a reality.
Remember that the scope for commerce is always increasing, so there are always fresh options to explore. By studying commerce, you will receive vital information that will help you understand businesses, make sound decisions, and build your future profession.
Why you should choose commerce after 10th?
Choosing commerce after 10th class can be a wonderful choice for a variety of reasons, including:
- Versatile career: Commerce opens the door a diverse variety of job opportunities. Whether you want to work in finance, accounting, marketing, entrepreneurship, or international trade, studying commerce may give a strong foundation. It permits you to pursue a variety of professional choices while keeping your options open.
- Practical skills: It provides you with practical skills that you may use in the real world. Financial management, budgeting, market analysis, communication, and problem-solving will all be covered. These abilities are useful in both personal and professional life, allowing you to make educated choices and achieve success in a variety of endeavours.
- Entrepreneurial Opportunities: If you want to establish your own firm or work for yourself, commerce is a great place to start. You’ll learn about company planning, marketing techniques, financial concerns, and legal issues. This expertise may help you transform your ideas into a profitable business.
- Global perspective: It has a global perspective. With economies becoming more intertwined, studying business may help you grasp international trade, global markets, and cultural diversity. This global viewpoint provides up options to work in multinational corporations or seek international jobs.
- Prospects for Employment: Commerce graduates are in high demand across a wide range of sectors. Businesses of all sizes need commerce-related personnel to manage finance, accounting, marketing, and operations. Commerce graduates with the relevant skills and experience might discover excellent work possibilities and career advancement options.
- Further Education Options: Choosing commerce after 10th does not restrict your educational options. It may be used as a stepping stone to furthering one’s education in topics like as commerce, business administration, economics, finance, and other related professions. Higher education may broaden your knowledge and open you new professional prospects.
These are some of the reasons why you need to choose commerce after 10th. If your personality aligns with finance, business or entrepreneurship, then your go to career stream is commerce after 10th.
Now let us take a look at the subjects in commerce stream.
Commerce stream subjects are as follows:
In any business or corporation, it’s important to analyze the economic success of the endeavour. The field of Accountancy or Accounting involves the measurement, processing and communication of the financial data of a particular business, corporation or other economic entity. Accountancy measures the results of the economic activities of an organization, communicating it to users such as investors, creditors, regulators and management.
The study of Accountancy in Class 11-12 will provide you with a comprehensive understanding of accounting and basic accounting concepts. You will learn about emerging areas in the preparation of financial statements, expenditure, how to design an accounting database and how to record business transactions.
Examples of topics you will study in Accountancy include:
- Accounting Processes
- Financial Accounting
- Computers in Accounting
- Financial Statement Analysis
- Accounting for Not-For-Profit organizations, partnership firms and companies
There are plenty of benefits of studying Accountancy- it will enable you to record and understand the financial reports and status of businesses, along with boosting your critical thinking skills. Every business requires accountants to maintain its records and governmental compliance.
There are numerous career opportunities you can pursue after studying Accountancy; the most popular is to become a Chartered Accountant. Even if you decide not to become a chartered accountant, studying Accountancy will help you in all finance-related and business-related fields.
- Business Studies
The subject of Business Studies focuses on analyzing, evaluating and responding to the changes that affect businesses and the business environment, including social, political, economic and legal influences. At a Class 11-12 level, Business Studies will provide you with a basic knowledge of the business world, helping you understand the framework in which a business operates and the business processes involved. You will also learn about the interdependent nature of businesses and the theoretical foundation of managing operations of a business firm.
Examples of topics you will learn in Business Studies include:
- Evolution and Fundamentals of Business
- Emerging Modes of Business
- Internal Trade
- Principles and Functions of Management
- Business Finance and Marketing
By pursuing Business Studies, you will gain a solid foundation in how business functions, which will help you in the long run, regardless of the profession you follow. Business Studies will also help you if you are interested in working in management, launching your own business or working in a family business.
An immensely popular subject, Economics is compulsory for Commerce students and optional for Science and Humanities streams. Economics is a social science that studies the functioning of the entire economy, at a national and international level, as well as basic elements in the economy, such as individual agents, markets and their interactions. The subject studies how economies work and the behaviour and interactions of markets.
The study of Economics at the Class 11-12 level focuses on introducing basic concepts of the subject, microeconomics, macroeconomics and the economic realities that the country is currently facing. You will also learn about basic statistical tools and develop economic reasoning skills.
Examples of topics you will learn in business studies include:
- Introductory Microeconomics
- Introductory Macroeconomics
- Statistics for Economies
- Indian Economic Development
There are several benefits of studying Economics, especially in India which is still an emerging economy. By studying Economics, you will learn how the economy of the nation functions, aiding you when you join the workforce. There are a variety of career options available, both in the government sector as economists and private sector as investment consultants and actuarial scientists.
The subject of English is compulsory with every stream, whether you opt for Commerce, Science or Humanities. English is considered to be a ‘global language’ and is the most widely spoken language in the world with a total of 1.132 billion speakers. Therefore, it is important to have strong English language skills.
The English subject at Class 11-12 level is based on reading comprehension, listening and speaking skills, writing skills, and grammar. Due to the widespread use of English, it’s beneficial to study the language in depth. You can also pursue a variety of careers after studying English, including journalism, media, teaching and more.
Optional Subjects with Commerce
Apart from the 4 compulsory subjects you are required to study in the Commerce stream, you are required to choose at least 1 optional subject. You can also select 2 optional subjects, based on your school policy so that you would be attempting a total of 6 subjects.
Here are some of the optional subjects available with the Commerce Stream:
The subject of Maths is one that you have been studying from the beginning of your school years, and is based primarily on numbers. Topics that you will study in Class 11-12 include Algebra, Calculus, Mathematical Reasoning, Statistics & Probability, Relations and Functions, Linear Programming. By including Mathematics as an optional subject, you will become eligible for a variety of careers and courses, including Chartered Accountancy, Finance and MBA.
2. Computer Science
The study of Computer Science is broadly based on the study of mechanical computation, its applications and programming languages. At the Class 11-12 level, you will be studying the basics of computers, computing logic, programming languages like C++, developing logic for problem-solving, understanding the working of Relational Databases and the basic concepts for communication and networking technologies. After studying Computer Science you can pursue careers in computer applications, software engineering and more.
3. Informatics Practices
While similar to the subject of Computer Science, Informatics Practices is based on the study of information and its processing, beyond the applications of computers. In Class 11-12, you will learn about computer systems, integrated device electronics, and develop the ability to develop simple device applications and use, develop and debug programs. You can opt for this course if you are interested in pursuing a career in computer science or to simply expand your knowledge in the field.
A popular subject, Psychology is the study of the mind, examining the experiences, behaviours and mental processes of people. At the Class 11-12 level, the subject will introduce you to the basic concepts, principals and methods in Psychology, grooming your critical reasoning and analytical skills. While you can pursue a career in psychology as a psychologist or counsellor, the subject will also help you have a better understanding of people, regardless of which career you choose.
5. Fine Arts
An ideal course for those who are creatively inclined, the Fine Arts subject will enhance your artistic skills, studying art history, techniques and trends. In the Fine Arts subject, you can choose a specialization of Painting, Graphics, Sculpture, or Applied Art/Commercial Art. This subject is ideal if you are interested in a career in design, be it graphic design, fashion design, interior design, etc.
6. Physical Education
Considered to be a scoring and an easy subject, in Physical Education you will learn about various sports, yoga, physiology, physical fitness and changing trends in physical education.
Best Courses After 12th Commerce with high salary:
Following the completion of the 12th class with a commerce background, numerous courses might improve your employment possibilities. Here are a few well-known and highly valued courses:
- Bachelor of Commerce (B.Com): A standard undergraduate programme that gives a thorough grasp of business, accounting, finance, and related topics.
- Bachelor of Business Administration (BBA): This degree programme focuses on business management fundamentals, including marketing, finance, human resources, and entrepreneurship.
- Bachelor of Economics: Investigates economic concepts, economic theories, and their application in numerous areas.
- Bachelor of Laws (LLB): A legal education may lead to a job as a lawyer, legal consultant, or in corporate law.
- Chartered Accountancy (CA): A professional education that certifies you as a Chartered Accountant, allowing you to work in auditing, accounting, and taxes.
- Company Secretary (CS): A professional training that prepares you for the work of a Company Secretary, who is responsible for organisational legal and regulatory compliance.
- Cost and Management Accountancy (CMA): This discipline focuses on cost management, financial planning, and organisational decision-making.
- Bachelor of Hotel Management (BHM): This programme is designed for students who want to work in the hospitality business, and it teaches hotel operations, food and beverage management, and tourism.
- Bachelor of Design (B.Des.): This programme is ideal for students with a creative bent, with specialisations in areas such as fashion design, graphic design, and interior design.
- Bachelor of Event Management: Develops expertise in event planning, organisation, and execution, with employment opportunities in event management firms and the entertainment business.
- Bachelor of Journalism and Mass Communication (BJMC): This programme investigates different elements of media and communication, including as journalism, advertising, public relations, and digital media.
Now let us look at the approx. fees and expected salary range for these courses.
|Course||Approx. Fees (in INR)||Expected Salary Range (per annum)|
|Bachelor of Commerce (B.Com)||20,000 – 2,00,000||2,00,000 – 6,00,000|
|Bachelor of Business Administration (BBA)||50,000 – 5,00,000||3,00,000 – 8,00,000|
|Bachelor of Economics||20,000 – 2,50,000||3,00,000 – 6,00,000|
|Chartered Accountancy (CA)||Varies||6,00,000 – 30,00,000|
|Company Secretary (CS)||Varies||4,00,000 – 15,00,000|
|Cost and Management Accountancy (CMA)||Varies||4,00,000 – 12,00,000|
|Bachelor of Hotel Management (BHM)||1,00,000 – 5,00,000||2,00,000 – 8,00,000|
|Bachelor of Design (B.Des.)||1,00,000 – 5,00,000||3,00,000 – 10,00,000|
|Bachelor of Journalism and Mass Communication (BJMC)||50,000 – 5,00,000||2,00,000 – 8,00,000|
|Bachelor of Laws (LLB)||Varies||4,00,000 – 12,00,000|
|Bachelor of Event Management||1,00,000 – 5,00,000||2,50,000 – 8,00,000|
Diploma courses after 12th commerce:
If you are not interested in the regular course after 12th commerce, then take a look at the diploma courses after 12th commerce in the following table.
|Diploma Course||Duration||Best Colleges in India|
|Diploma in Accounting and Finance||1 year||Institute of Chartered Accountants of India (ICAI), National Institute of Financial Management (NIFM)|
|Diploma in Business Administration||1 year||Symbiosis Centre for Distance Learning, NMIMS Global Access School for Continuing Education|
|Diploma in Financial Management||1 year||Institute of Finance, Banking & Insurance (IFBI), Narsee Monjee Institute of Management Studies (NMIMS)|
|Diploma in Marketing and Sales Management||1 year||Welingkar Institute of Management Development and Research, Narsee Monjee Institute of Management Studies (NMIMS)|
|Diploma in Banking and Finance||1 year||Indian Institute of Banking and Finance (IIBF), Narsee Monjee Institute of Management Studies (NMIMS)|
|Diploma in Entrepreneurship||6 months – 1 year||Entrepreneurship Development Institute of India (EDI), Xavier Institute of Management & Entrepreneurship (XIME)|
|Diploma in Event Management||6 months – 1 year||National Academy of Event Management and Development (NAEMD), Amity Institute of Event Management|
|Diploma in Retail Management||6 months – 1 year||K.J. Somaiya Institute of Management Studies and Research, Welingkar Institute of Management Development and Research|
|Diploma in Taxation||6 months – 1 year||The Institute of Chartered Accountants of India (ICAI), The Institute of Company Secretaries of India (ICSI)|
|Diploma in Import-Export Management||1 year||Indian Institute of Foreign Trade (IIFT), Symbiosis Centre for Distance Learning|
|Diploma in Human Resource Management||1 year||Xavier School of Human Resource Management, Symbiosis Centre for Distance Learning|
The duration given is an estimate that may vary depending on the institution and region. The list of excellent colleges is not inclusive; other reputable universities also offer similar credential degrees.
It is crucial to note that admission procedures, eligibility requirements, and the availability of these diploma courses may differ across universities. To get accurate and up-to-date information about the courses and entrance criteria, it is advised that you visit the official websites of the different universities.
Best Career Options in Commerce:
After class 12, you need to choose a career related to commerce. You have a wide range of careers to choose from. Below mentioned are the top career options in commerce field with a brief explanation of the job responsibility.
- Chartered Accountant (CA): Manages financial accounts and does audits.
- Company Secretary (CS): Responsible for a company’s legal and regulatory compliance.
- Cost & Management Accountant (CMA): Analyse costs and advise organisations on financial issues.
- Financial Analyst: Evaluate investments and offer financial advice.
- Investment banker: They assist with financial transactions, mergers, and acquisitions as an investment banker.
- Economist: They research and evaluate economic trends and policy.
- Business Consultant: Provide professional advise to firms in order to enhance their performance.
- Marketing Manager: Create and execute product/service marketing strategy.
- Human Resources Manager: Manage employee recruitment, training, and staff.
- Sales executives: Customers are promoted and sold products/services.
- Entrepreneur: Start and operate your own company endeavour as an entrepreneur.
- Tax consultant: Assist individuals and companies with tax planning and compliance.
- Actuary: They evaluate financial risks and create insurance policies.
- Retail Manager: Oversee retail shop operations.
- Event Planner: Plan and organise a variety of events and functions.
- Hotel management: Manage the administration of activities in the hotel business.
- Airline management: Become an in charge of overseeing airline operations and services.
- Digital Marketer: Develop and implement online marketing strategies.
- Financial planner: Help people define financial goals and organise their investments.
- Insurance Agent: Sells insurance policies and evaluates risks for underwriting.
High-salary jobs in the commerce stream:
The following table highlights several high-paying positions in the commerce field, along with their typical yearly wages in rupees:
|Job Position||Average Salary (INR per annum)|
|Chartered Accountant||7,00,000 – 30,00,000|
|Investment Banker||8,00,000 – 40,00,000|
|Financial Analyst||5,00,000 – 15,00,000|
|Actuary||6,00,000 – 25,00,000|
|Management Consultant||6,00,000 – 30,00,000|
|Data Scientist||7,00,000 – 25,00,000|
|Chief Financial Officer||20,00,000 – 1,00,00,000|
|Financial Manager||6,00,000 – 20,00,000|
|Investment Manager||8,00,000 – 40,00,000|
|Risk Manager||7,00,000 – 25,00,000|
Note: Please keep in mind that the compensation ranges offered are just estimates and might vary depending on credentials, experience, region, business size, and industry. It’s also crucial to remember that salary increases may be considerable with job advancement and new credentials or certifications.
How to choose a career after 12th commerce?
Choosing a professional route after 12th commerce might be a difficult option. Here are some steps to help you make an educated decision:
- A) Self-Assessment: Begin by identifying your interests, abilities, and skills. Consider what subjects, hobbies, or topics you like and excel in. Consider your own beliefs, job preferences, and long-term aspirations.
- B) Explore job Options: Explore the numerous career paths accessible in the sector of business. Investigate many occupations, employment types, and industries associated with commerce. Examine the prerequisites, skills necessary, employment prospects, development chances, and compensation potential of each career choice.
- C) Seek Advice: Seek advice from career counsellors, instructors, experts, or mentors who may give useful insights and suggestions based on their experience. They may assist you in exploring other career pathways, understanding industry trends, and learning about particular courses or professional qualifications.
- D) Consider Further Education: Determine if pursuing further education, such as a bachelor’s degree or professional courses, matches with your job aspirations. Investigate respected institutions, universities, and institutes that provide related programmes. Consider the course content, instructors, placements, and reputation.
- E) Evaluate the options: Compare the career alternatives you’ve discovered based on your self-assessment, research, and assistance. Consider your love for the profession, future development opportunities, work-life balance, and alignment with your long-term objectives.
- F) Get Practical Experience: Look for internships, part-time work, or volunteer opportunities to obtain experience in your desired professional sector. This will provide you with a realistic grasp of the work environment, industry dynamics, and if it aligns with your interests and objectives.
- G) Make the right choice: After evaluating all of the aforementioned variables, make an educated choice based on your research, self-assessment, and advice. Keep in mind that professional paths might change over time, and it’s perfectly OK to try new things or change occupations.
Choosing Commerce as a streamt in Class 11-12 provides with you a plethora of career options, ranging from fields in finance to business, the arts, and social sciences. However, if you are still having doubts while making this crucial decision of which stream to choose, you can consider trying career counselling to help you identify your goals and which path to pursue.
1) What are the subjects of 11th and 12th Commerce under the CBSE board?
A) Accountancy, Economics, Business Studies, English, Mathematics/Informatics Practises, and optional courses such as Entrepreneurship, Legal Studies, and so on are common subjects.
2) Which is the most important subject of commerce for the 11th class?
A) While all disciplines are necessary, Accountancy and Business Studies are regarded essential topics in commerce at the 11th grade.
3) Is it necessary to select mathematics as a subject in commerce class 11th subjects?
A) It all depends on your job goals. While mathematics is not required for all commerce degrees, it might be useful for some, such as B.Com (Hons. ), Economics (Hons. ), and Actuarial Science.
4) What are the subjects in commerce stream with math?
A) Accountancy, Economics, Business Studies, Mathematics, and optional topics such as Entrepreneurship, Legal Studies, and so on are usually studied in the commerce stream with mathematics.
5) Are class 11 subjects the same as class 12 commerce subjects?
A) Yes, the basic courses such as accounting, economics, and business studies are the same in both class 11 and class 12 commerce. However, new optional topics or revisions to the curriculum are possible.
6) What is the use of commerce?
A) Commerce may help you understand how companies work, improve financial literacy, make educated financial choices, and offer doors to careers in finance, accounting, marketing, entrepreneurship, and other sectors.
7) What is good after 12th commerce?
A) Following 12th commerce, you may study a Bachelor of Commerce (B.Com), a Bachelor of Business Administration (BBA), a Chartered Accountancy (CA), a Company Secretary (CS), a Cost and Management Accountancy (CMA), a Bachelor of Economics, and other alternatives.
8) Can I get a job after 12th commerce?
A) While a bachelor’s degree improves your career possibilities, you may still pursue positions such as sales executive, data entry operator, accounts assistant, receptionist, and others that demand fundamental commerce abilities.
9) Who earns more, science or commerce?
A) Earning potential is determined by a variety of criteria such as talents, credentials, industry demand, and work positions. Science and commerce both provide profitable job opportunities, with income potential varying from person to person.
10) Is commerce better than arts?
A) It is determined by your hobbies and job objectives. Commerce is concerned with business and money, while arts is concerned with a larger variety of disciplines such as literature, humanities, social sciences, and so on. Choose depending on your interests and future goals.
Finally, the subjects covered in the commerce stream in class 11 and 12 give a strong basis for comprehending the world of business and finance. Accountancy, Economics, and Business Studies are the basic topics that provide students with the information and abilities they need to negotiate the complexity of commerce. Optional subjects broaden the learning and provide opportunities to a variety of professional paths. Whether one pursues a profession in finance, management, entrepreneurship, or another sector connected to commerce, the courses covered in class 11 and 12 serve as stepping stones to success. Students who study commerce gain critical thinking, analytical skills, and financial literacy, which are significant advantages in today’s competitive world.
Finally, the commerce subjects in class 11 and 12 provide a complete academic foundation that prepares students for a dynamic and gratifying journey in the domain of business.