10 Best Career Options For Commerce Students In India

Fri Sep 3, 2021

There are many career options available today but the top 10 best career options for commerce students in India are listed here.

There are some students who have already planned out what they want to do in the field of commerce after the 12th. However, the majority of students have no idea what to do. Many of them don’t even know their options.

You should choose your career based on what you like to do and what you are passionate about. You will always have many options. To help you get a clearer idea we have listed down the top 10 best career options for commerce students after 12th.

So, keep reading. I’m sure you won’t be disappointed.

Table Of Contents:

  • List Of Top 10 Best Career Options For Commerce Students In India
  • Frequently Asked Questions
  • Conclusion

List Of Top 10 Best Career Options For Commerce Students In India

1. Chartered Accountant (CA)

Chartered Accountancy is one of the most famous career paths in India. Although it is tough, it takes a lot of hard work and dedication to achieve it.

You need to pass multiple exams to achieve that title. However, if you do manage it, this profession offers a great career path along with a good salary.

Becoming a CA gets you the respect of all the people around you.

Chartered Accountancy involves the management of finances for an organization, a business, or even the government.

It includes managing financial accounts, budgeting, auditing, business strategy, and taxation.

Chartered accountants are in high demand because every person or company needs someone to manage their finances.

As a CA you have the freedom to work for an organization or as an individual and offer your services to people who need them.

The minimum qualification required to pursue a CA course is Class 12.

The candidates who have passed Class 12 can take up the CPT course.

The common Proficiency Test (CPT) is the beginning stage to start a career in Chartered Accountancy.

The second stage is IPCC (Intermediate) and the last stage is CA Final.

2. Certified Financial Planner

Certified Financial Planner is a certification given by the Financial Planning Standards Board (FPSB) to people who wish to take up financial planning as a profession.

A certified financial planner (CFP) helps people with managing their finances. They also help with investment planning, retirement planning, insurance, education, and so on.

It includes analyzing the client’s financial status, developing a financial plan for the client, and implementing it for the client’s benefit.

A CFP only makes decisions that will be beneficial to you. They have your best interests in mind.

CFP is recognized internationally and considered the best for financial planning training, education, and ethics to practice.

This career can be pursued only if you have passed 12th std or after graduation.

3. Company Secretary (CS)

A certified company secretary is hired to see to the legal aspects of a company-provided by The Institute of Company Secretaries of India (ICSI).

They are responsible for ensuring the smooth administration of the company.

A CS is responsible for completing the company’s tax returns, keeping records, advising the board of directors, and ensuring that the company complies with legal and statutory regulations.

If the company does not appoint a company secretary, these important responsibilities must still be met.

A CS is capable of taking his/her company to great heights with their capabilities and knowledge of expertise in corporate law.

If you are one of those people who love corporate law, this is the field for you.

To pursue a career in CS you will have 3 options.

If you want to start after passing 12th std you will have to undergo three stages.

They are Foundation Programme, Executive Programme, and Professional Programme.

If you start after graduation you will have to undergo two stages which are Executive Programme and Professional Programme.

Foundation Programme can be pursued by 12th pass students. Executive Programme by a Graduate and Professional Programme can be pursued only after clearing the Executive Programme.

4. Management Accounting

A management accountant keeps track of a company’s income and expenses but they also hold a position with significant responsibility and authority.

Managerial Accounting varies from financial accounting. It is the practice of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the pursuit of an organization's goals.

The purpose of managerial accounting is to assist users internal to the company in making well-informed business decisions.

You may also like:

5. Investment Banker

An investment banker is an individual who often works as part of a financial institution and is primarily concerned with raising capital for corporations, governments, or other organizations.

This field is quite popular because it pays well. However, there is a disadvantage to this. The hours you need to work are long and tiresome. Everything comes with a price, right?

Investment bankers must have excellent number-crunching abilities and strong verbal and written communication skills.

If you are passionate enough about this field, then every hour you work will feel like entertainment for you.

The bare minimum education requirement is to get a graduate degree.

However, graduation will only make you enter into IB at an entry-level (Intern). You can enter to Analyst or Junior Analyst level if you have graduated from a renowned institute.

After that, you can immediately become an Investment Banker post-graduation

6. Cost Accountant

Cost accounting is mostly used by manufacturing industries and businesses to determine the total cost incurred by a company.

Although it is a branch of accounting, it is different from financial accounting.

Cost Accounting deals with various types of costs like variable cost, fixed cost, opportunity costs, and so on.

Cost accountants are primarily responsible for collecting, validating, and communicating data for the purposes of financial transparency and process improvements.

They are responsible for initiating the month-end closing and reporting processes, which they, in turn, submit to management. They set standard costs of business processes such as labor, shipping, production, and administration.

To become a cost accountant you need to complete the Cost and Accountancy (CWA) course from the Institute of Cost and Works Accountants of India (ICWA).

There are three stages of this course.

Those who have passed 12th are eligible to apply for the foundation course.

The second stage is the intermediate level. For this level, you should be a graduate of any recognized institute.

Those who are able to clear all the eight papers in this course can then apply for the final stage. After that, you can become a certified cost accountant.

7. Stock Broker

A stockbroker is a professional trader who buys and sells shares on behalf of clients. Stocks are traded through exchanges.

However, an investor cannot directly trade in stock exchanges.

To buy a stock or sell a stock through exchanges, you need an intermediary who will help you with the transaction.

Most stockbrokers work for a brokerage firm and handle transactions for a number of individual and institutional customers. Stockbrokers are often paid on a commission.

When understanding stockbroker meaning, one should note that a stockbroker is performing a service for the investor. Stockbrokers also play another vital role; they provide information that helps an investor make correct investment decisions.

The minimum education qualification you need to have is a bachelor's degree. Then you need to work for a minimum of four months in a brokerage firm.

After that, you are eligible to take the certification exam. Once you pass the exam you will be a certified stockbroker.

8. Marketing Manager

If you are someone who can influence and persuade people in business, then this is the field for you.

A marketing manager handles the marketing of a business or product. They can either be responsible for several services or products or be in charge of a single product.

Marketing managers need to have an outgoing and spontaneous personalities.

Along with these traits, they need to be highly focused, detail-oriented, and very conscientious of meeting budget restraints and timelines.

The minimum education qualification for becoming a marketing manager is a bachelor’s degree. However, some companies prefer employees with a master’s degree and some work experience.

9. Graphic Designer

Graphic design is also known as communication design. Graphic designers are visual communicators, who create visual concepts by hand or by using computer software.

They communicate ideas to inspire, inform, or captivate consumers through both physical and virtual art forms that include images, words, or graphics.

Graphic Designers create images or videos and use various social media platforms to promote their brand, product, or their organization.

People who are creative and have a flair for drawing and painting usually choose this career path. In recent years this field has become popular and will continue to grow as time passes.

To become a Graphic Designer you need to have a bachelor's degree in this field. You can pursue diploma, certificate, bachelor, master, and doctoral courses in the field of graphic design.

You must have a wide understanding of Graphic Designing tools. Any certificate in HTML, Photoshop, CSS, or Web Design can act as an added advantage.

10. Event Manager

Event management is a project management profession focused on every aspect of events, from choosing a location to following up on guest satisfaction.

An event manager oversees the design, set-up, and execution of events that bring people together. These events can run from small networking meetings with a few dozen guests to large-scale conferences with thousands of attendees and everything in between.

This field too has become very popular in the last few years. This is one of the fields in which you can definitely have fun while you work and the pay you get in return is good too.

Candidates who wish to secure admission in event management courses at the UG level should have cleared their 10+2 from a recognized institute with a minimum aggregate of 45%.

Most colleges also specify that candidates need to be fluent in Hindi as well as English if they wish to pursue an event management course.

On the other hand, in order to be eligible to secure admission in PG courses offered in the field of event management aspirants should be graduates from recognized institutes such that they have received passing marks at the graduation level.

Frequently Asked Questions

1. Which job has the highest salary in commerce?

The job of a Chartered Accountant has the highest paying salary in commerce.

2. Which stream is best for the future?

There is no such thing as the best stream for the future because it completely depends on your likes and dislikes. For example, if you are not good at art and I suggest that you go for graphic designing, then you won’t like it and you might not even succeed.

3. Which stream is toughest?

The same thing applies here as well. Everyone is different. What you find difficult I might not and vice versa. Although, one thing is certain. If you put your mind to something and work hard you will be able to achieve anything.

4. Is maths compulsory for CA?

No, It's not compulsory to have maths in 11 and 12 classes. But, it definitely helps to clear the CPT examination.

5. Is commerce easy or science?

Commerce is more of numbers whereas science is more of technical terms. They are both different in their own way. If you like the subject it will be easy for you but if you dislike something you will have a very tough time being good at it.

Conclusion

I hope this blog has cleared your doubts and has given you a general idea about your options after commerce.

There are many more such topics that can be discussed. If you are interested follow us and check our website daily to never miss out on anything.

Good luck!


Letstute
Letstute (Universal Learning Aid Pvt. Ltd.) is an E-learning company based in Mumbai, India.