Career in Commerce Stream

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Commerce Stream

There has been a change in the old school norms of selecting streams in our country with an increasing number of students proactively selecting the Commerce stream. This can be attributed to the success of entrepreneurial ventures in the last decade, with companies like Apple Inc, Microsoft, Air BnB and many others creating a space for themselves in the global market. The success of such ventures not only proved that there is scope for individual success but also that with good business outlook one can create an impact. There is a growing demand for professionals who possess good business intellect as well as good management skills, a skill set that is best developed in the Commerce stream. Hence, a career in Commerce is in demand and lucrative, here is all the information that you will need about the various opportunities available in this course.

Also Read: Study Abroad After 12th Commerce

CBSE Class 12 Date Sheet 2021 Commerce Stream

CBSE released its date sheet for Class 12 Commerce stream for the upcoming exams in 2021. The date sheet was first released in February 2021 but has seen some revisions in the month of March. Here is the final CBSE Class 12 Date sheet for Commerce Stream.

CBSE Class 12th Date Sheet for Commerce 2021

Date Courses
4th May 2021 English 
12th May 2021 Business Studies
17th May 2021 Accountancy
25th May 2021 Economics
29th May 2021 Computer Science
31st May 2021 Mathematics

Commerce Stream Meaning

Commerce Stream means a stream of education that deals with the study of business, accounts and trade. The stream of commerce is for students who wish to make a career in the commercial sectors and industries. The main subjects under the commerce stream include Economics, Accountancy and Business Studies. English is a mandatory subject for all streams while commerce students have an option to choose their fifth subject out of maths, computer science, Hindi, other languages or different subjects that their school provides.

Economics

Economics is one of the paramount and most sought-after subjects of Social Science. The main objective of studying Economics is to have an overall account of production, distribution as well as consumption of goods and services. 

Economics is a branch of social science which deals with the study of choice and optimum utilisation of resources as well as the production, distribution and consumption of goods and services in an economy. Microeconomics studies individual choices and consumer behaviour on a micro level while Macroeconomics explores how the economy deals with factors like inflation, GDP, equal distribution of resources as well as international economies.

Accountancy

One of the widely sought after options while pursuing a career in Commerce stream, Accountancy deals with the recording, classifying and reporting of business transactions for a company or an individual. In the simplest terms, understanding of Accountancy enables one to manage the expenses and income of a business. Providing feedback to the management regarding the financial transaction and results of an organization. The main tasks involved in the process of Accounting includes issuing invoices, recording cash and paying employees besides keeping a track of the financial status of the company.

Business Studies

Business Studies is considered as one of the interesting and engaging commerce subjects for commerce students. Whether you have opted for the commerce stream with maths or without mathematics, it remains to be an essential part of the curriculum and CBSE Subjects for Class 11. For those wanting to delve deeper into how business organisations work, from their formation to the operations, Business Studies encompasses all the pivotal concepts. As the study of business enterprises and their functioning is an integral part of the Commerce stream, the coursework of this subject aims to provide students with a basic understanding of the varied principles and practices prevalent in the business and industry along with detailing their relationships with the society.

Commerce Stream after 10th

Every year lakhs of students choose the commerce stream after completing their Class 10th. Usually, students who choose the Commerce stream wish to enter the commercial fields like marketing, finance, business administration, accounting, etc. If you are planning to create a career in any of these fields, commerce is the best option for you. However, if you are confused and have not decided what field you want but do not like the Science stream, Commerce will be a great opportunity for you to explore new areas of study.

Streams after 12th Commerce

There are various career paths that you can undertake in the Commerce field, here are all the diverse career paths that you can explore in the Commerce stream:

1. Commerce

Commerce includes various domains like Finance, Auditing, Taxation, Accounting, etc. With the increasing opportunities in trade and commerce all around the world, this course offers great and lucrative opportunities.

Job Prospects in Commerce

Degree Courses in Commerce

  • B.Com and B.Com (Hons.)
  • M.Com
  • MBA
  • CA
  • CMA
  • CS

Top Universities for Commerce Courses

2. Management: Career in the Commerce Stream

Management is defined as the function of planning, organizing, directing and controlling various resources efficiently and effectively to achieve a company’s goals. Management courses are popular among students aspiring for a career in the Commerce stream. Moreover, there is a range of specializations available in this discipline like Finance, Accounting, Human Resources, International Business, Marketing, Health, etc.

Job Prospects in Management

  • Business Adviser
  • Business Analyst
  • Market Research Analyst 
  • Business Development Manager
  • Account Manager
  • Marketing Manager
  • Product Manager
  • Sales Manager
  • Health Service Manager
  • Employee Relations Manager
  • Compensation Manager
  • Customer Service Associate
  • HR Generalist
  • Entrepreneur

Degree Courses in Management

  • BBA
  • BMS
  • MBA
  • Masters in Management
  • Global Masters in Management
  • Executive MBA

Top Universities for Management Courses

3. Economics

Economics is the study of the production, dissemination and ensuring optimum use of goods and services. It is known to be a research-oriented career covering various principles, theories, and models of Economics. The professionals in the field of Economics conduct research and analysis to predict market trends and develop theories and models to solve economic issues.

Also Read: Career in Economics

Job Prospects in Economics

  • Economist
  • Strategist
  • Statistician
  • Insurance Underwriter
  • Operations Research Analyst
  • Risk Management Analyst
  • Budget Analyst

Degree Courses in Economics

  • BA or BSc (H) Economics
  • BBE (Bachelor of Business Economics)
  • M.Ec. or MS in Economics
  • MA in Economics

Top Universities for Economics Courses

4. Finance: Career in the Commerce Stream

Finance as an industry offers a dynamic career in the commerce stream. In this industry, you can explore various roles in financial planning, managing assets and liabilities, monitoring cash flow, running business operations and raising capital for expansion. Students willing to pursue a course in Finance should have a good grasp of Accounting Concepts, Economics, Mathematics, and Analytical thinking.

Job Prospects in Finance

  • Financial Planner
  • Financial Analyst
  • Budget Analyst
  • Credit Analyst
  • Accountant
  • Investor Relations Associate
  • Actuary
  • Attorney
  • Commercial Real Estate Agent
  • Business Teacher

Degree Courses in Finance

Top Universities for Finance Courses

5. Chartered Accountancy

A career in Chartered Accountancy or CA opens a tremendous scope of exploring global opportunities in a highly-respected profession. Professionals in this field have specialized skills and veracity. A CA serves in areas like Taxation, Auditing, Financial Accounting and Reporting and Management Accounting.

Job Prospects in Chartered Accountancy

  • Audit and Taxation
  • Investment Banking
  • Banking and Financial Services
  • Project Finance or Financial Advisory
  • Outsourcing
  • Academics
  • Corporate Sector

Top Institutes Governing Chartered Accountancy Programs

  • American Institute of Certified Public Accountants 
  • Canadian Institute of Chartered Accountants 
  • Institute of Chartered Accountants in England and Wales (ICAEW)
  • Institute of Chartered Accountants of Ireland 
  • Institute of Chartered Accountants of Scotland
  • Institute of Chartered Accountants of Australia
  • Edith Cowan University
  • Lincoln University
  • Bangor University

6. Company Secretary: Career in the Commerce Stream

Professional companies hire a Company Secretary (CS) to take care of the efficient administration of the multinational companies ensuring statutory and legal compliance and implementation of the decisions of the board of directors. Moreover, professionals in the company secretary field give advice on conducting business, suggesting ways to create financial reports, developing corporate strategy, dealing with situations involving a conflict of interest, etc.

Below are the major steps you need to go through in order to become a CS:

  • Register yourself with the recognized authority governing CS programs in the respective country.
  • Qualify all the 3 modules of the course: Foundation Course, Executive Course and Professional Course.
  • Undergo practical training to become eligible for being a member as a CS.

Job Prospects of Company Secretary

  • Assistance to the Board of Directors
  • Legal Advisor
  • Corporate Policymaker
  • Chief Administrative Officer
  • Company Registrar
  • Corporate Planner
  • Principal Secretary

Top Institutes Governing Company Secretary Program

  • Institute of Chartered Secretaries and Administrators
  • Governance Institute of Australia
  • The Singapore Association of the Institute of Chartered Secretaries and Administrators

7. Certified Financial Planning

A financial adviser is involved in making decisions regarding management and money. Their role is to assess the financial position of clients, understand their requirements and goals and advise them with the best possible way to achieve them. A course in Certified Financial Planning provides you with career opportunities in Finance, Insurance, and Investment Companies.

Job Prospects in Certified Financial Planning

  • Financial Analyst
  • Financial Managers
  • Financial Examiners
  • Financial Consultant
  • Business Management Analyst
  • Stock Brokers
  • Accountant
  • Auditors
  • Actuaries
  • Economists

Top Universities for Certified Financial Planning Courses

8. Accountancy: Career in the Commerce Stream

Professionals in Accountancy are in huge demand all across the world because of a need for financial management in organizations. They possess various skills that are required for highly specialized roles within the local, territorial and federal government, charities and non-profit organizations, corporate businesses, professional associations, and educational institutions.

Job Prospects in Accountancy

  • Financial Controller
  • Cost Estimator
  • Tax Attorney
  • Tax Consultant
  • Tax Accountant
  • Forensic Accountant
  • Real Estate Appraiser
  • Accounting Clerk
  • Accounting Information System Specialist
  • Insurance Accountant
  • Capital Accountant
  • Budget Analyst
  • Financial Analyst
  • Certified Financial Planner

Degree Courses in Accountancy

  • BBA in Accounting and Finance
  • BCom (Accountancy)
  • BCom (Hons.) in Accounting and Finance
  • MCom in Accountancy
  • M.Phil (Accounting)

Top Universities for Accountancy Courses

9. Statistics with Mathematics

Professionals working in the field of Statistics interpret and analyze numerical data to solve various problems using statistical tools and techniques for the stakeholders and policymakers. Career prospects in Statistics are emerging because of the importance of quantitative reasoning in the development of businesses and in making public policies.

Job Prospects in Statistics

  • Statisticians
  • Biostatistician
  • Econometrician
  • Business Analyst
  • Data Analyst
  • Risk Analyst
  • Content Analyst
  • Mathematician
  • Professor
  • Statistic Trainer
  • Data Scientist
  • Consultant

Degree Courses in Statistics

  • B.A and B.Sc. Statistics or B.Stats
  • M.A or M.Sc Statistics and M.Stats

Top Universities for Statistics Courses

10. Banking

With intensive growth in the Banking sector, there has been a huge requirement for professionals in the field of BankingFm and Finance. Individuals can start as a Bank Probationary Officer or PO working on the daily functioning of a bank, handling customer complaints, cash flow, loan processing, and approvals, supervising clerical work, issuing ATM cards and cheque books, etc. 

Job Prospects in Banking

  • Assistant Manager
  • Branch Manager
  • Financial Manager
  • Investment Banker
  • Financial Analyst
  • Budget Analyst
  • Auditor
  • Loan Officer
  • Broker

Degree Courses in Banking

  • BA in Banking and Finance B.Com
  • Bachelors of Economics
  • Bachelor of Finance and Accounting
  • B.Sc in Banking and Finance
  • MBA, M.Com, M.Sc, CA and CMA

Top Universities for Banking Courses

11. Stock Broking: Career in the Commerce Stream

Stock Broking involves buying and selling of stocks on the stock market. The professionals in this field manage investments in bonds, stocks, and derivatives for their clients which includes individual buyers, small and large organizations and advise them about market functions.

Job Prospects in Stock Broking

  • Stock Brokers
  • Stock Brokers in Large Firms
  • Stockbroking Analysts
  • Securities Analysts
  • Capital Market Analysts
  • Financial Analysts
  • Fund Managers
  • Finance Manager
  • Economists
  • Investment Planners

Courses in Stockbroking 

  • Stockbroking can be pursued through several long-term and short-term courses.
  • BBAm, B.Com, CA, MBA can be pursued to create a solid foundation.

Top Universities for Stockbroking Courses

12. Entrepreneurship

The key traits of becoming a successful entrepreneur include business knowledge, creativity, and persistence. Start-ups offer a wide range of opportunities because of their growing ventures to sell products and services. This can be both exciting and risky, but someone with a conceptualized business approach, structured plan, functions, and strategy can easily design and launch a company. 

Job Prospects in Entrepreneurship

  • Business Consultant
  • Business Reporters
  • Mid-level Management
  • Sales Managers
  • Research and Development
  • Small Business Owners
  • Business Reporters
  • Fundraisers and Development Officers
  • New Venture Developers
  • Teaching or Faculty

Degree Courses in Entrepreneurship

Top Universities and Colleges for Entrepreneurship Courses

13. Actuarial Science

Actuarial Science determines and analyses risk across fields like Insurance, Finance, Business, and Healthcare. Actuaries or professionals in the field use Mathematical equations, Financial theories and Statistics to determine the uncertainty associated with various future events that may impact business and finding ways to tackle these events. This is considered to be one of the toughest careers in the commerce stream. However, with excellent knowledge of Mathematics, Statistics and Data Analysis, you can successfully build a career in this field.

Job Prospects in Actuarial Science

  • Enterprise Risk Actuaries
  • Life Insurance Actuaries 
  • Health Insurance Actuaries
  • Casualty and Property Insurance Actuaries
  • Retirement and Pension Benefits Actuaries

Top Universities and Colleges for Actuarial Science Courses

Also Read: Courses after 12th Commerce without Maths

We hope that through this blog you were able to understand the major options to build a career in the Commerce stream. If you are confused about what course is best-suited for you, let the Leverage Edu experts guide you in identifying the right career path for you.

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