Commerce Scope After 12th - Check Career Options, Courses, Top colleges
Commerce scope after 12th - Commerce has become one of the popular streams among class 12 students in India with the emergence of the start-up culture. Studying commerce in classes 11 and 12 allows you to choose from a multitude of career opportunities at the graduation level not only from Commerce but also Arts courses. While earlier, Science was considered to be the only stream with lucrative career opportunities, people have of late realised the scope for commerce students after 12th. Nowadays, the scenario is thankfully such that it is a happy moment for parents when their child tells them that s/he wants to opt for Commerce in class 11, which was not the case until a few years back.
The following article will talk in detail about Commerce scope after 12th, and work as a mind- opening tool for the readers. It will also briefly touch up Commerce with Maths scope.
Let us first discuss the different possible job avenues, which Commerce students may join after completing their higher studies.
Commerce scope after 12th- Job avenues: Banks
This is one of the most popular career avenues for students studying Commerce in class 12. There are numerous government and private banks that open lots of career opportunities. You can be employed in areas like collections and bank operations, handling cash flow, customer support, loan processing and approval, clerical work, mortgage, personal loans, etc. You can join banks after graduation or post graduation in the relevant subjects.
Also read- Banking course
Commerce scope after 12th- Job avenues: Insurance
There is a huge scope of working in the Insurance industry after studying Commerce in class 12. The Insurance sector requires people who are good at Statistics, as well as those good at management. Hence, Commerce students may approach this avenue after higher studies in Economics, Statistics, Actuarial Science, Management, or any other relevant subjects.
Commerce scope after 12th- Job avenues: Mass Media
A career in Mass Media can be very lucrative if you possess excellent communication skills and are looking forward to doing something different after studying Commerce in class 12. After completing your graduation or post graduation in the relevant subjects, you can be employed in various sectors like print media ( Newspapers, Magazines), electronic media (T.V, Films) and can work as Journalist, Screenwriter, Actor, Reporter, Assistant Director, Content Writer, Cinematographer, etc.
Also read- Careers360- Media
Commerce scope after 12th- Job avenues: Hospitality
The Hospitality industry is one of the most rapidly growing sectors in our country and provides many job opportunities at different levels, from running a hotel to sales and marketing, food and beverage, accounting, front office, accounting, housekeeping.You can be employed as Hotel Manager, Chef, Sales Manager,etc.
Another allied industry to this is Tourism. Although currently a little hit due to the Covid scenario, the Hospitality industry is gradually gaining back its strength, and forms one of the popular job avenues for Commerce students.
In addition to those mentioned above, there are multiple other job avenues which Commerce students can target after their higher studies. This makes it easy to understand that there is immense scope for Commerce students after 12th. In continuation, let us now look at a few courses that Commerce students may take up in order to approach the job avenues of their liking.
Commerce scope after 12th- List of courses
Top colleges/ institutes for UG
Economist; Data Analyst; Banker, etc.
Shri Ram College of Commerce (SRCC) - New Delhi, H.R College of Commerce and Economics - Mumbai, St. Stephen’s College - New Delhi, etc.
Finance Manager; HR Manager; Marketing Manager; Product Manager; etc.
IIM - Indore, Shaheed Sukhdev College of Business Studies - New Delhi, Symbiosis- Pune, etc.
NLU’s, M.S Ramaiah College of (MSRCL) Law - Bengaluru, University Institute of Legal Studies(UILS) – Chandigarh, etc.
Accounting; Taxation; Auditing; etc.
Actuary; Data Analyst; etc.
The Institute of Actuaries of India(IAI)
(Note- Data has been collated by Team Careers360)
Now, let us discuss these options in more detail and get a better perspective on scope for Commerce students after 12th.
Commerce scope after 12th- Economics
B. A/ B. Sc Economics is one of the best degree courses after studying commerce in class 12, this is a 3 year UG course that covers topics like Macro and Microeconomics, Econometrics, Political Economy, Statistics, etc.
Career options - After completing your Bachelor’s and Master’s in relevant subjects, you can be employed in consulting firms, private banks as an Economist, Strategist, Risk Management Analyst, Statistician, etc. The lucrative career options in Economics reflect the vast Commerce with Maths scope.
Some top colleges for UG- Sri Ram College of Commerce (SRCC) - New Delhi, St. Xavier’s College - Mumbai, etc.
Commerce scope after 12th-Management
To ensure effective functioning and growth of a company -coordination, forecasting, planning and organizing are important and Business Management gives you an insight into the whole process. You will study principles of business administration and methodologies to operate corporate operations, HR, Finance, International Business, etc. This course is another indicator of the immense Commerce with Maths scope. To get into Management, you have to pursue a 3 year UG programme in BBA/BBS/BMS followed by an MBA.
Career options: There are numerous job opportunities in the areas like Consulting, Human Resources, Sales & Marketing, Operations Management, Finance, etc. and you are employed in industries like Retail, Telecom, FMCG, Education, etc. Indeed, there is huge scope for Commerce students after 12th.
Some top colleges for UG- IIM - Indore, Shaheed Sukhdev College of Business Studies - New Delhi, etc.
Commerce scope after 12th-Law
Law offers great scope for Commerce students after 12th. This program covers subjects like Constitutional Law, Family Law, Property Law, Administrative Law, Company Law, etc. You can pursue a 5 year integrated degree B.A LLB/ B.Com LLB after completing your class 12, or pursue B.Com (3yrs), and then LLB (3 yrs).
Career options- You can be a Corporate Lawyer; Cyber Lawyer; Criminal Lawyer; and so on, and work with the government as well as private firms. You may even set up your own practice.
Some top colleges- NLU’s (various locations) , M.S Ramaiah College of (MSRCL)Law - Bengaluru, etc.
Also read- Careers360- Law
Commerce scope after 12th- Chartered Accountancy (C.A)
One of the most popular career paths for commerce students is Chartered Accountant (C.A), This is a professional course which is administered by the Institute of Chartered Accountants of India(ICAI), and contains three levels (Foundation; Intermediate; and Final), which each aspirant needs to clear.
Career options- You can find job opportunities in private and government organizations in areas like Auditing, Corporate Finance, Investment Banking, Consulting, etc. You can also start your private practice after a few years of experience.
Commerce scope after 12th-Actuarial Sciences
This is a professional course which is conducted by the Institute of Actuaries of India(IAI). Actuarial Science deals with the analysis of risk involved in fields like insurance, finance, business and healthcare. It can be a fruitful career option if you are good with numbers, statistics, and data analysis. You can take the Actuarial Common Entrance Test (ACET) after completing your graduation in B.Com/B.Sc Statistics/B.Sc Maths. You need to clear 15 exams in total conducted by the IAI to pursue your career as an Actuary. The huge demand for Actuaries indicates the vast Commerce with Maths scope.
Career options- Actuaries are employed in Life Insurance, General insurance, Pension funds, health insurance, actuary consulting firms, enterprise risk and investment, pension and retirement, risk management, etc
As you can see, there are a plethora of career opportunities available after class 12 commerce. You just have to make an informed choice about what career to pursue which will fetch you a great job in the future and you can do that by choosing the career path based on your abilities, interests or something that you are passionate about!
Author- The author of this article is Yashodhra Arora, who is a Counselling Psychologist, with extensive experience in Career Counselling of high school students.
Frequently Asked Question (FAQs) - Commerce Scope After 12th - Check Career Options, Courses, Top colleges
Question: Which is the best college for B.Com in India?
The best colleges for B.Com in India are St. Xavier’s College – Mumbai, Sri Ram College of Commerce (SRCC) – New Delhi, etc.
Question: I have a Science background in Class 12. Can I opt for Commerce courses in college?
Yes, you can opt for Commerce courses after studying the science stream in class 12. You can pursue courses like - B.Com(Hons), BBA, BA.LLB and follow it up with an MBA.
Question: Can I do CA after class 12th?
You can enrol yourself with the ICAI and have to undergo 4 months of study if you pursue CA directly after class 12. You will have to sit for the CA Foundation exams. As it is one of the toughest exams and the pass percentage is very low, It is always recommended to pursue your graduation in B.Com as a fallback option.
Question: Can I pursue B.Com with Commerce without Maths?
This is one of the popular courses after class 12 Commerce. For most colleges, the eligibility criteria for B.Com(Hons.) in Commerce with maths, though there are colleges that give you admission in B.Com(pass/general) course if you have studied Commerce without maths.
Question: What is the best course after Class 12th Commerce?
A course is best for you after you select it on the basis of interest, personality, abilities and aptitudes. There are numerous career options that you can pursue after studying Commerce in Class 12th and some of the best courses are Economics, Actuarial Sciences, Management, Banking & Finance, Chartered Accountancy, etc.