Why do people study commerce after class 12th?
Commerce is a popular stream of study for students after class 12th because of the following reasons:
- Wide Range of Career Options: Commerce offers a wide range of career options in various fields such as accounting, finance, taxation, banking, and management, to name a few. These career options have a high demand in the job market and provide good job security and growth opportunities.
- Flexibility: Commerce offers students the flexibility to choose from a variety of courses and career paths based on their interests and strengths. Students can specialize in areas like accounting, finance, marketing, or human resources, among others.
- Good Salary Packages: Commerce graduates are in high demand in various industries and earn good salary packages. The salary package varies based on the career path chosen, but it is generally higher than many other streams.
- Entrepreneurship Opportunities: Commerce also offers opportunities for entrepreneurship. Students with a good understanding of finance and business management can start their own ventures and become successful entrepreneurs.
- Practical Learning: Commerce courses offer practical learning opportunities through internships, projects, and case studies. These help students develop practical skills that are required in the real world.
- Further Education: Commerce also provides a strong foundation for further education. Students can pursue higher studies in areas like accounting, finance, management, or law, among others.
Career Options for Commerce Students
There are a wide variety of career options available for commerce students. Here are some popular and rewarding career paths you could consider:
- Chartered Accountant (CA) – Becoming a Chartered Accountant is a popular career choice for commerce students. As a CA, you will be responsible for auditing, accounting, and taxation for clients or companies.
- Company Secretary (CS) – As a Company Secretary, you will be responsible for ensuring that a company complies with legal and regulatory requirements. You will also be responsible for maintaining the company’s records, organizing board meetings, and communicating with shareholders.
- Cost & Management Accountant (CMA) – A Cost & Management Accountant is responsible for collecting, analyzing, and summarizing financial data. You will help companies make informed decisions by providing financial advice and analysis.
- Financial Analyst – A Financial Analyst is responsible for analyzing financial data to help companies make informed decisions. You will evaluate investments, create financial models, and provide financial advice.
- Investment Banker – As an Investment Banker, you will help companies raise capital by advising them on mergers and acquisitions, initial public offerings (IPOs), and other financial transactions.
- Tax Consultant – As a Tax Consultant, you will be responsible for helping clients with their tax planning, preparation, and filing. You will also provide advice on tax laws and regulations.
- Management Accountant – As a Management Accountant, you will be responsible for analyzing financial data to help companies make informed decisions. You will also be responsible for developing budgets, forecasting financial trends, and creating financial reports.
- Human Resource Manager – As a Human Resource Manager, you will be responsible for hiring, training, and managing employees. You will also be responsible for developing policies and procedures to ensure that the company’s workforce is productive and happy.
- Business Analyst – A Business Analyst is responsible for analyzing business processes and recommending improvements. You will help companies make informed decisions by providing insights into their operations.