Commerce Careers Less Travelled


In that boardroom among all those ruffled pages of numerical figures, policies, tax filings, stock prices and that city view from the glass wall behind your chair. Isn’t that a pleasant thought? As a commerce student the future we plan and look forward to- a successful career in commerce. Right? Well, this isn’t just another cakewalk.

Traditionally, commerce was referred to as the process that facilitates the exchange of goods, services or something of value in between two parties. However, we as a nation are way past this. Now commerce isn’t just limited to this. It is a practice that enhances the standard of living in a country and increase its standing in the world by providing jobs and producing beneficial goods and services.

Economic and technological acceleration over the past few decades has contributed to the aggressive need of Commerce driven individuals. In the world where e-Commerce was born just a few decades back, today stands tall as the backbone of Commerce. From e-Sale of goods and services to e-Filling of taxes, we are in an electronically driven economy, which created the need for skill development and training to step into the big e-driven shoes and build a lucrative career in commerce.

Moving ahead from conservative and conventional job opportunities, now there are a plethora of career options available in the field of commerce with the development of economies across the world “The lessons taught in great books are misleading. The commerce in real life is rarely so simple and never so just.” – Anita Brookner.

The FAME (Finance, Accountancy, Management, and Economics) behind the commerce will not only give you the opportunity to grow but also shape up your illustrious career. Let’s explore the roads less traveled for a career in commerce:

Career in Commerce: INVESTMENT BANKER

This is the perfect Wall Street Career that many of us fanaticize about, but what exactly is it?

Talking about Investment Banks first, Investment Bank is the segment of the banking sector that deals with raising capitals for individuals and organizations along with providing financial consultancy services. It acts as an intermediary between investors and security issuers. It is one of the most complex financial mechanism of the market.

Investment Bankers are corporate financial analysts. Their main job is to raise capital to fund the operations of corporations. Rather than dealing directly with investors, they help in raising money from capital markets. They also structure acquisitions, mergers or sale for clients.

Investment banker

Investment bankers may or may not be working with these firms but they are required to undertake huge financial transactions. With the luster of Wall Street comes the handsome salaries. But beneath the surface, this profession demands a skill set that makes them perfect in what they do – from excellent number crunching abilities to analytical skills. This however does comes with grueling work hours and uncertainty.

Goldman Sachs (GS), Morgan Stanley (MS), JPMorgan Chase (JPM), Bank of America Merrill Lynch (BAC) and Deutsche Bank are some of the Big names which hire individuals for the profile of Investment Banker.

The next question that arrives in our mind is that How to become one? There is no particular written down the career path to be followed to become an Investment Banker. However, a bachelor’s degree in accounts, economics or commerce is a must. Internships with investment banks or in the field of mergers and acquisitions along with certification courses such as CFA act as a positive catalyst for advancement in this career. However many of the firms prefer individuals with a master’s degree from top-notch colleges since what’s at stake is sure to impact the financial markets and investors directly.


Insurance underwriters are professionals who are meant to determine potential client’s risk factor, evaluate and analyze risks of insuring people and assets and establish pricing for insuring the risks. They are responsible for evaluating insurance applications and determining coverage amounts and premium along with required terms and conditions, within the guidelines set by insurance carriers.

Risk evaluation at policy renewal is also an essential task job at hand. They are the direct link between an insurance agent and insurance company. The underwriter contributes to the pricing of life insurance, health insurance, commercial liability insurance among others.

Insurance underwriting needs an individual with a strong analytical base and a high degree of computer literacy as the position requires data analysis and interpretation

One needs to have a bachelor’s degree to enter into this career. Degree in accounts, economics or commerce is essential. However, insurance-related work experience acts as a plus factor.

For further advancement in the career, underwriters are expected to have certifications through coursework. It is essential to the field so that they are well updated of new happenings in the market along with technological advancement in the field.

Career in Commerce: CONSULTANT

A commerce student aspiring to become a Consultant is similar to a 5-year-old wanting to be an astronaut- one of those things that just fascinate us and make us want to be one, without being aware of what lies behind it.

Consultancy is a profession that enables one to engage in the business of providing expert advice to people working on one specific field. Consulting is a learned set of skills that can be acquired through extensive formal training coupled with on-the-job training, mentoring and a heavy dose of individual learning.

Consultants can work as independent individuals or with a firm. The exposure to several varied situations often contributes to the learning of essential lessons that come handy in the future. The practice instils an individual with an extraordinaire amount of discipline and technique essential for a smooth sail in the future.

With no laid down guidelines, move forward as opportunities come in and leverage them in the right way.

Career in Commerce

Career in Commerce: TAX POLICY ANALYST

Tax policy analyst is responsible for analysing and researching on matters relating to taxation policies of the government and work out the taxation policy structure of the organisation such that they comply with each other. Modelling tax outlooks along with monitoring and studying the impact of Government taxation initiatives is the main task at hands for a tax policy analyst.

    One must be able to analyse the information related to highly complex technical work.

    The knowledge of forecasts and data sources for forecasting tax revenues is essential.

    Effective communication skills to understand and address issues with other organizations relating to taxation policies.

    Understanding of accounting principles and the ability to develop and review reconciliations of revenue calculations.

    The pressure of strict deadlines and several projects is faced.

Tax policy analyst

Well, let’s answer the question of the hour – ‘How to become one?’. Bachelor’s degree in the field of accounting is necessary. Certification as a CA (Chartered Accountant), CPA (Certified Public Accountant) is necessary along with work experience for career development. Master’s degree is not a necessity; however, it is preferred by several employers across several firms.

Career in Commerce: ASSET MANAGER

We have seen people coming from outside to manage our assets. Well, that may not be much pleasant thought but it surely is a pleasant professional to work in if one’s passionate about it. Many of the firms and individuals today hire asset management professionals to manage, evaluate and grow the owned, leased or sub-leased assets. Assets can range from physical real estate properties to intellectual property that of patents or goodwill.

The fundamental motive is as simple as to earn more money by investing it with minimum risk of losing that money. Set of tasks and requirements may vary from situation to situation however fundamental task is to monitor the assets, implement, negotiate and advise clients in regard to assets.

Asset managers are meant to be expert in the diversification of clients’ profile so as to give the best possible returns. They are expected to manage the funds and achieve the financial goals depending upon clients’ objective and risk taking capacity.

Investments by asset manager can be done can vary in forms from pension funds to hedge funds.  The objective can be by investing in various financial instruments like derivatives, options, future among others.

The knack for the numbers is needed here also like any other finance profile. Analytical skills also play an essential role. Job candidates will generally be required to have a minimum of a bachelor’s degree in finance, business or accounting. The big companies would preferably want specialized courses like CFA (Chartered Financial Analyst) for key positions and even MBA (Master of Business Administration) specialized in finance.

FAQs About Career in Commerce

What are the fields to explore in Career in Commerce?

A career in commerce is not just limited to CA, B.Com, or CS. There are plenty of opportunities one can access by pursuing a career in commerce. A career in commerce can open a wide range of choices for you in various sectors. You can explore fields like Economics, Management, Finance, Statistics, Banking, Stockbroking, Consulting, Investment Banking, Accounting, etc.

What are the fields to explore in a career in commerce without maths?

There are plenty of courses to pursue in commerce without maths. Popular programs one can pursue in a career in commerce without maths include Foreign Trade, Retail Management, Banking and Finance, Business Analytics, HR operations, Event Management, Marketing, and International Business.

What are the best colleges/universities to pursue a career in commerce abroad?

Here is a list of some Colleges/Universities that offer undergraduate and postgraduate degrees to build a successful career in commerce:

  • National University of Singapore
  • University of Oxford
  • London School of Economics and Political Science
  • University of Cambridge
  • London Business School
  • Harvard University
  • University of Chicago
  • Stanford University
  • Massachusetts Institute of Technology
  • The University of Melbourne
  • Monash University
What are the eligibility requirements for pursuing a career in commerce abroad?
  • Candidates are required to pass class 12th with a minimum score of 70%
  • Candidates are required to pass language proficiency tests, therefore IELTS with 6 bands and onwards are compulsory to pursue a career in commerce abroad.
  • A letter of recommendation from a school counselor or teacher is required in the admission procedure.

Time is very important in decision making as they say that time is money. If we lose time in making the right decision, we lose money – and that is not something that you would want to do as a commerce student. So leverage the opportunity before its too late- get in touch with Leverage Edu today and book your free consultancy. Step up your game now and take your first step towards that may be less trodden and may embark a hard journey but in the end, it’s a way to a successful career in commerce.

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