Commerce with Maths Scope - Check List of Top Careers & Courses
Commerce with Maths Scope - With the advancement in technology and the emergence of new start-ups, Commerce has become one of the most popular streams among students. It is the study of commercial activities, such as buying and selling of products and services, from a producer to a buyer.
The main subjects you'll focus on are Economics, Accounting, and Business studies. Commerce with Maths scope is immense if you are good with numbers and wish to pursue a career in Finance, Accounting, business, or related fields.
Let's discuss in detail Commerce with Maths scope. We shall begin by discussing some of the popular avenues, followed by some of the popular courses for Commerce students.
Commerce with Maths Scope - Investment Banking
It is the division of a bank or financial institution that specializes in large and complex financial transactions and serves governments, corporations and institutions by helping in capital raising, facilitating mergers and acquisitions, sales and trading advisory services.
Major investment banks include Barclays, Goldman Sachs, Deutsche Bank, JP Morgan, Morgan Stanley, Citibank, etc. Some investment banks specialize in particular industry sectors.
Also read- Career as an Investment Banker
Commerce with Maths Scope - Corporate Finance
Corporate Finance deals with the finances and investment decisions of the company. Corporate Finance aims to maximize shareholder value through planning and implementing various strategies including long-term and short-term financial planning. You can pursue a B.Com degree after studying Commerce with Maths, that will allow you to enhance your knowledge of finance and assist you in helping clients raise capital for a new project or to scale up their operations.
Also read- Finance courses
Commerce with Maths Scope - Travel & Tourism
It is one of the largest and most profitable industries in India. You can pursue a career in Travel & Tourism after Commerce with Maths and can work for travel agencies, government tourist departments, tour operations, immigration & customs services, airlines, hospitality management, etc. After studying Commerce, you will get an insight into the economical and financial management aspect of the Travel and Tourism industry.
Also read- Careers360- Hospitality
Let us now discuss some of the popular courses students may take up after studying Commerce with Maths in 10+2.
Commerce with Maths scope after 12th- List of courses
Top Colleges/institutes for UG
Budget Analyst, Auditor, etc.
St. Xavier’s College – Mumbai, Sri Ram College of Commerce (SRCC) – New Delhi
INR 3.5 lacs per annum
Risk Analyst, Market Researcher, etc.
Indian Statistical Institute (ISI) – Kolkata & New Delhi, Fergusson College – Pune, etc.
INR 5 lacs – INR 7 lacs
Company Secretary (CS)
Legal, Secretarial and Corporate Governance, etc
The Institute of Company Secretaries of India (ICSI).
INR 4 lacs – INR 5 lacs
Cost & Management Accounting
Finance Director, Financial Controller, etc.
INR 3.5 lacs per annum
Computer Applications (BCA)
Software Tester, Software Developer, etc.
Vellore Institute of Technology – Vellore, SRM Institute of Science & Technology – Chennai, etc.
INR 4.8 lacs- 6.7 lacs
(Note- Data has been collated by Team Careers360)
We shall now look at these courses in detail.
Commerce with Maths scope - B. Com
This is a broad area that covers lots of other domains like Accounting, Finance, Taxation, Auditing, Human Resources, Statistics, etc. and it provides a strong foundation in various subjects like Accountancy, Business Studies, Economics, Information Practices, etc. You can pursue a 3-year degree course in B.Com (Programme/Hons.) which provides ample professional and higher education opportunities.
Commerce with Maths career options: It is always recommended to pursue a PG degree after finishing your undergraduate degree in B.Com for better career opportunities. B.Com graduates still can be employed in organizations as - Budget Analyst, Auditor, Business Consultants, Management Accountant, etc.
Salary: The average salary of a B.Com graduate is approx. INR 3.5 lacs per annum.
Some top colleges: St. Xavier’s College – Mumbai, Sri Ram College of Commerce (SRCC) – New Delhi, Narsee Monjee College of Commerce & Economics (NMIMS) – Mumbai, Lady Shri Ram College(LSR) – New Delhi, Loyola College – Chennai, Christ University – Bengaluru, St. Joseph’s Commerce College - Bengaluru, etc.
Commerce with Maths Scope - Statistics (B. Stat/ B. Sc Stat)
Statistics is a field that deals with probability, permutations, statistical methods and Numerical analysis, etc. Statisticians analyse and collect data to solve problems and make various recommendations in organizations, both in the private and public sectors. If you have studied Commerce with Maths and are very good with analytical skills a career in statistics can be the best choice for you. This is one of the Commerce with Maths benefits.
Commerce with Maths career options: There are various opportunities available both in the public and private sector in jobs like Risk Analyst, Big data, Market Research, Investment analysis, Research professional, etc.
Salary:You can expect a salary somewhere between INR 5 lacs to INR 7 lacs per annum.
Some Top Colleges: Indian Statistical Institute (ISI) – Kolkata & New Delhi, Hindu College - New Delhi, Ramjas College - New Delhi, St. Xavier’s College - Mumbai, Fergusson College - Pune, Madras Christian College - Chennai, Christ University - Bengaluru, etc.
Also read- Top B. Com universities in India 2021
Commerce with Maths Scope – Company Secretary (CS)
This professional course is administered by The Institute of Company Secretaries of India (ICSI). One of the Commerce with Maths benefits is that this course provides an understanding of companies legal purposes and agreements and helps the board of directors in implementing decisions. Company Secretaries give advice on how to conduct business, deal with situations involving conflict of interest, suggesting ways to prepare financial reports, developing corporate strategy, assisting in planning, and advising on company law.
Commerce with Maths career options: You can work with both private and public sector organizations in senior-level positions and work in areas such as legal, secretarial and corporate governance, foreign collaborations and joint ventures, arbitration and conciliation, etc. You can also start your independent practice in these areas after a few years of experience.
Salary: A CS can earn somewhere between INR 4 lacs to INR 5 lacs per annum as their starting salary.
Also read- Company Secretary course
Commerce with Maths Scope – Cost & Management Accounting
Cost and Management Accounting was earlier known as Cost & Work Accounts. This CMA certification is provided by the Institute of Cost Accountants of India (ICAI) and covers subjects like cost management, budgeting, performance evaluation and asset management of a company. Cost and Management accountants work with corporate executives to prepare strategies and financial plans, reports for regulatory authorities like creditors, tax authorities, etc. CMA has three levels – Foundation, Intermediate and Final. You need to clear 20 different exams to finish this professional course.
Commerce with Maths career options: You can work as a Cost Accountant and other related fields such as Financial consulting and Auditing. You can climb up the corporate ladder as a Cost Accountant in positions of the financial domain as finance director, financial controller, cost controller, etc.
Salary: The average salary of a Cost Accountant is approx. INR 5 lacs per annum.
Commerce with Maths Scope - Computer Applications (BCA)
This is a 3-year undergraduate course which gives you an insight into the world of computers and their applications and comprises subjects like networking, database, data structure, Java, C, etc. If you are fond of computers and would like to learn computer languages and coding, this can be one of the Commerce with Maths benefits for you.
Commerce with Maths career options: You can be employed as a Systems Engineer, Software Tester, Junior Programmer, Software Developer, Web Developer, etc.
Salary: The average salary of a BCA graduate can range between INR 4.8 lacs to INR 6.7 lacs per annum.
Some Top Colleges: Christ University – Bengaluru, Vellore Institute of Technology – Vellore, SRM Institute of Science & Technology – Chennai, St. Joseph’s College – Bengaluru, Amity University – Noida, etc.
Also read- Top BCA colleges in India 2021
In addition to degree and professional courses, there are numerous diploma and certificate courses that one can pursue after Commerce with Maths. The duration of most of the courses varies between 6 months to 1 year.
Some of them are:
Diploma in Banking & Finance
Diploma in Accounting and Finance
Diploma in Computerised Accounting
There is a great Commerce with Maths scope and not just limited to a few career options. As you can always find a way to innovate whether you pursue higher studies, certificates, degree courses, corporate jobs or start-ups, it's becoming vital to explore all the career options and make a choice based on your interests and aptitude.
Author - The author of this article is Yashodhra Arora, who is a Counselling Psychologist, with extensive experience in Career Counselling for high school students.
Frequently Asked Question (FAQs) - Commerce with Maths Scope - Check List of Top Careers & Courses
Question: Is Commerce with Maths useful?
If you enjoy working with numbers, analyzing data and have a keen interest in business, choosing commerce with maths can be a good choice and will open numerous career opportunities in the future.
Question: Can I apply for BCA if I have studied Commerce in class 12?
Yes, you are eligible to apply to colleges that offer BCA, it’s a 3-year undergraduate degree course that deals with computer languages and coding.
Question: What are the career prospects in Banking?
You can work with government as well as private banks such as Bank Po’s, Junior Accountant, Bank Manager, Sales Manager, Customer relationship executive, etc.
Question: Can I pursue Law after studying Commerce in class 12?
Yes, You can opt for an integrated program BA.LLB (5 years) directly after 12th Commerce or you can pursue a 3 year LLB degree after finishing your graduation in any stream.