In case you feel career options in commerce are not that popular, let me tell you to search the phrase – best B.Com. Colleges in India and check how many searches have been made on it. Completing your higher secondary with commerce can be very fruitful if you carefully carve your path. Let us check some of the popular paths.
A career in Bachelor of Commerce:
Bachelor of Commerce is a popular course after higher secondary. It is a three-year general degree course. The course teaches students subjects like Economics, Corporate Accounting, Law, Marketing, and Business Environment, etc. You can also specialize in one field. This course is comparatively easy and you don’t have to prepare day and night to get admission to the top B.Com. College in India to study B.Com.
After completing B.Com. you can opt for M.Com. Once you complete either B.Com. or M.Com, you may find a job in the teaching profession. Otherwise, there are opportunities in the private sector.
LAW Career after B.Com:
Students who have passed their higher secondary with commerce can opt for a law degree. But in that case, they have to do an integrated course which is B.Com. And LLB. These courses are of 5years. These courses are not available in the B.Com. colleges in India.
You need to pursue the course from a law school. All the subjects taught in regular law courses are taught in this integrated course. Once you complete, you may go for taking up a job with any law firm. With time you can start your private practice set up a consulting firm.
CHARTERED ACCOUNTANCY Option after B.Com
C. A is the abbreviated form of Chartered Accountancy. The job of a C.A is to maintain congruity between the financial affairs of his company and government laws. They are the proficient helpers in tax filing, audit, and financial transactions. To become a chartered accountant, you have to complete the Chartered Accountancy course so that you get the membership of the Institute of Chartered Accountants of India.
To be eligible for the course, you have to pass the Common Proficiency Test. Once the test is cleared, inter-course is done along with the Information Technology Training Course, you have to clear the final exam. The course is tough but the career prospects are very appealing for a C.A.
Company Secretary (CS) after B. Com
Company Secretary (CS) is a very lucrative career option after B.Com. A CS certified person is eligible to take several pivotal role in an organization. The key responsibilities of a Company Secretary includes managing company’s tax returns, maintaining tax records, offering actionable and reliable advice to the board of directors, and ensuring compliance with all the legal and statutory regulations. A 3-year long degree course in Corporate Law is essential to become a Company Secretary.
Chartered Financial Analyst (CFA) after B. Com
Chartered Financial Analyst (CFA) designation is offered by the CFA Institute and is a well-recognized job role across the world. Under the 2.5 years long degree course of CFA, a student covers a range of topics and concepts including statistics, economics, probability theory, corporate finance, security analysis, financial analysis, fixed income, derivatives, alternative investments, and portfolio management. CFA is a highly reputed designation and the best of the companies like JP Morgan, Goldman Sachs, UBS, BlackRock, Morgan Stanley, and Royal Bank of Canada are a few employers that employ CFAs in their organization.
BACHELOR OF BUSINESS ADMINISTRATION
It is a 3year degree course which has immense opportunities lying underneath. You can enhance your possibilities by adding up a Master’s in Business Administration. In that case, try to secure admission in the top B.Com college in India as there are some standard quality B.Com. colleges in India that offer MBA.
With a BBA degree, you can earn a managerial job at the entry-level. You still can get jobs in government sectors but the private sector will be of immense profit to you. MNCs around the globe hire BBAs and MBAs for different roles.
BACHELOR OF ECONOMICS
This is one of the oft-taken courses by students completing higher secondary with commerce. This course spans 3 years. With honors in Economics, you will have equal opportunities in both government and private sectors. Many government jobs only require a B.A in Economics. The syllabus includes Agricultural Economics, Principles of Economics, Macro Economics, Industrial Economics, Indian Economics, Banking Economics etc. With this, you can be an Accountant, Data analyst or Economist.
You can also work as a Diplomatic service officer, a Management consultant. You may also apply for posts in Government Economic Service. Just research on some of the best B.Com. colleges in India and pursue your study in Economics.
How to search for the best Commerce colleges in India?
Commerce is a founding stone of businesses and industries and the commerce stream thus exposes a student to a varied range of theories and concepts. A commerce graduate is well abreast of a number of concepts including Finance, Accounting, Marketing, Human Resource Management, Commercial and Business Law and Entrepreneurship Development.
This indicates that studying commerce is a very important aspect of preparing yourself to take up more reputed and diverse career roles in the future. However, the efficiency as well as the eligibility of a commerce student depends upon the college he/she chooses to study a commerce degree or diploma course. Here are a few consideration you must keep in mind while choosing a commerce college and a crisp list of some of the top commerce colleges in India:
Key consideration while choosing the best commerce college in India:
In India, colleges are categorized in different categories including Central, Deemed, State, Private etc.
Central university: Established by an Act of Parliament.
Deemed University: Constituted under the UGC Act, 1956
State University: Established by State Acts and funded by respective state governments.
Private University: Owned and managed by a private entity and established under the UGC Act, 1956.
Accreditation and Ranking
Some of the key organizations that provide accreditation to universities in India include National Assessment and Accreditation Council (NAAC), National Board of Accreditation (NBA) and the National Institutional Ranking Framework (NIRF). There are also certain independent agencies that rank institutions. Ranking of the college is also important. The ranking is based on various factors including status of an institute, depending upon its teaching, research, curriculum, teaching-learning processes, infrastructure and more.
Universities and colleges have their own eligibility criteria. Most of the reputed colleges provide admission on the basis of test results of national level entrance examination.
Off course the courses offered by a university/ college is also one of the key evaluation criteria. You must thoroughly check the list of courses offered by a college/ university and ensure that it is recognized by the concerned authority.
The best Commerce colleges in India:
- Shri Ram College of Commerce (SRCC), Delhi
- Hindu College, Delhi
- Hansraj College, Delhi
- St Joseph’s College of Commerce, Bangalore
- Daulat Ram College, Delhi
- Mount Carmel College, Bangalore
- Nizam College , Hyderabad
- Indian Institute of Management and Commerce- (IIMC), Hyderabad
- Francis College for Women, Hyderabad
Frequently asked questions about a career in commerce:
What are the core concepts taught in the commerce stream?
Commerce stream covers a variety of concepts ad theories including e-Commerce, Accountancy, Finance, Marketing, and Business Management.
What are the most powerful courses in Commerce stream?
CA, CS, ICWA, and MBA are some of the most powerful courses in Commerce stream.
Is entrepreneurship an option after commerce stream education?
As commerce covers the majority of aspects of running a business, the commerce stream is the best if you are planning for entrepreneurship. The education is also the best if you are planning for independent project consultations, tax consultation, auditing careers.
What is the difference between B. Com. and B. Com. Hons.?
- Com. Hons is a specialization course in Finance and Accounting, Banking, Insurance, Taxation, etc. Whereas B. com. is a complete degree course.
Students who choose to pursue higher education in Commerce stream have a bright career not only in India but globally. Pay attention to your interests and skills while choosing the best commerce course and college for higher education.
So, choose your dream stream and study with your eye on the goal.