Career Options After 12th Commerce with Maths
Career options after 12th Commerce with Maths - Commerce is one of the most popular streams that students opt for in India. It is the study of commercial activities, such as selling and purchase of products and services, from a producer to a buyer. Subjects like Economics, Accountancy and Business studies are usually a part of the Commerce curriculum in schools. Commerce with Maths can be an extremely satisfying stream for students who are good at dealing with numbers, and have a bent towards understanding finances.
However, questions about what might be the scope after Commerce with Maths still often bother people. Those days are long gone when B.Com and M.Com were considered the best courses after 12th Commerce with Maths. Today, there is huge scope after Commerce with Maths. Let us take a look at some of the best career options after 12th Commerce with Maths.
Read more - Commerce Universities in India
Best career options after 12th Commerce with Maths
Starting salary (approximate)
5-7 lakhs per annum
Class 12 or equivalent, followed by CA Foundation Course; Intermediate Course; Articleship; and CA Final
6-8 lakhs per annum
4-5 lakhs per annum
5-7 lakhs per annum
6-7 lakhs per annum
BA LLB/ BBA LLB/ B. com LLB
7-8 lakhs per annum
Note- (Data has been collated by Team Careers360)
Let's take a look at the Career options after 12th Commerce with Maths in detail below.
Becoming an Actuary is one of the newest and most promising career options in Commerce with Maths. Actuarial Science revolves around insurance, investment, taxation, and allied commercial sectors. An actuary is a professional who analyses the financial risk for companies, usually in the insurance sector. Their analyses help the company to minimize the risk and maximize profits. A student interested in becoming an Actuary must have enormous interest in Maths. An actuary can work in areas such as Life insurance, Investments, health insurance, General insurance, Pension funds, Risk management, Consultants, Government, etc
Class 12 or equivalent with English as one of the subjects.
Entrance exam: Actuarial Common Entrance Test (ACET) conducted by Institute of Actuaries of India (IAI), Mumbai. It is a 3 hours test with 70 MCQ’s.
After clearing ACET, one needs to clear a series of 15 papers before one is granted Fellowship in Actuary.
The 5 papers will be conducted in 4 stages. The stages are: Core Principle stage, Core Practise stage, Specialist Principles stage and Specialist Advanced stage.
Salary: A fresher student can expect a starting salary of Rs.5-7 Lakhs per year, and gradually scale up the ladder.
Career options after 12th Commerce with Maths- Chartered Accountant (CA):
Chartered Accountancy is certainly one of the most popular career options in Commerce with Maths. Chartered Accountants operate in areas of business and finance, such as auditing, taxation, financial management, and general management. They may work in a variety of private or government companies, or even set up their own practice.
Educational requirement: After class 12, you need to go through the following steps to become a Chartered Accountant:
Step 1: Enroll for the CA Foundation course after passing class 10th examination.
Step 2: Appear in the CA Foundation examination after you appear in the Senior Secondary Examination (10+2).
Step 3: After qualifying class 12th and the foundation course, register for the Intermediate course level.
Step 4: Appear in the Intermediate course exam.
STEP 4: Complete 4 weeks ICITSS(Integrated course on Information Technology and Soft Skills) before commencement of practical training
STEP 5: Register for 3 years of Practical Training (PT)
STEP 6: Register for CA final Course after passing both groups of intermediate
STEP 7: Successfully complete 4 weeks advanced ICITSS in the last 2 years of PT.
STEP 8: Complete practical training. Qualify for exams and become a member of ICAI.
Salary: The starting salary of a CA fresher is around 6-8 lakhs per annum, which may keep going up with experience.
Career options after 12th Commerce with Maths- Company Secretary (CS)
Company Secretary is a professional course provided by The Institute of Company Secretaries of India (ICSI). A Company Secretary's role is to efficiently manage a firm's administration. This includes ensuring that a company’s legal systems are in place. Company secretaries can find jobs in various corporates, while they also choose to practice independently. CS is one of the evergreen career options in Commerce with Maths.
Educational requirement: Minimum eligibility to become a CS is class 12 or equivalent. A student will have to register with the ICSI and then undergo three stages to become a CS:
Please note the following:
The ICSI has replaced Foundation Programme with CSEET. Candidates must have passed the CSEET (CS Executive Entrance Test) for registration to the CS Executive Programme.
Candidates who have completed Class 12 examinations and hold a graduate or postgraduate degree are eligible for CSEET.
In order to apply for the CS Professional programme, candidates must have passed the CS Executive programme.
Salary: The average starting salary of a CS may be somewhere between 4-5 lakhs per annum.
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Career options after 12th Commerce with Maths- Economist
An Economist conducts economic research and analysis, as well as provides economic advice to governments, businesses, and individuals. They create reports and graphs using various software like spreadsheet, statistical analysis and database management to forecast market trends. Economists may work with various government and private banks, including those like RBI and World Bank after they gain a good amount of experience. For students interested in Maths and Finance, becoming an Economist can be one of the promising career options in Commerce with Maths.
Educational requirement: Graduation in Economics/ Commerce, followed by Master’s in Economics or MBA in Business Economics are required to become an Economist.
Salary: The average starting salary of an Economist may be somewhere between 5-7 lakhs per annum, and may gradually scale up.
Read more - Economics Universities in India
Career options after 12th Commerce with Maths- Management professional
A management professional is someone whose principle responsibility in any organization is planning, organizing, controlling and coordinating the firm's numerous activities. They must have good communication skills for this. Aspirants may choose out of a variety of specializations such as Marketing, Human Resource, Finance, International Business, Advertising, and much more. Since management professionals are in high demand across the globe, this is one of the lucrative career options in Commerce with Maths.
Bachelors of Business Administration(BBA)/Bachelors of Management Studies(BMS)/Bachelors of Commerce(B.COM)
PG Diploma in Management/ Masters of Business administration (HR/ Marketing/Finance/ Advertising, etc)
Salary: The average starting salary of a management professional is 6-7 lakhs per annum, which can gradually increase.
Career options after 12th Commerce with Maths- Lawyer
Lawyers meticulously advise clients on their legal rights and recommend courses of action. This is indeed one of the most demanded career options in Commerce with Maths. They provide legal advice and guidance, drafting legal documents pertaining to divorces, wills, contracts, real estate transactions, and prosecuting or defending in court are some of the duties often associated with a lawyer.
Law offers a plethora of specializations for students to explore from International Law, Cyber Law, Litigation, Corporate Law, Intellectual Law, etc from top universities in India. To enter these universities students will have to appear for entrance tests like CLAT, LSAT, AILET, etc.
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Class 12 or equivalent
Masters in Law (LLB)
Salary: The average starting salary for a Lawyer is 7-8 lakhs per annum. It varies depending on the field of specialisation and experience.
Read more - Top Law Colleges in India
After reading about these career options in Commerce with Maths, one can get a clear idea that nowadays, there is a vast scope in Commerce with Maths. The stream is no more limited to just a few career options. However, before choosing a career option for oneself, a student must evaluate his or her aptitude and interest. It is also very important to develop awareness about the best career options after 12th Commerce with Maths. This way, a student is likely to choose the right career path for oneself.
Author: The article has been written by Nikita Kukkar, who is a Counselling Psychologist with extensive experience in career counselling of high school students.
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Frequently Asked Question (FAQs) - Career Options After 12th Commerce with Maths
Question: What is the scope of commerce with maths?
The scope of commerce with maths is limitless. Apart from the traditional courses, you are eligible to apply to the top colleges/universities for courses like BBA/BMS, BFI, BBI etc.
Question: What are the career options that I can take after choosing commerce with Maths?
Question: Is commerce with maths important for CA?
It is recommended and helpful to take commerce with maths at 11th and 12th standard if you want to do CA. Having a maths background helps a lot at all the levels in the CA course.