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Commerce is a growing field that deals with the various business aspects and trading of products that have an economic value. As it plays a vital role in economic development, pursuing a career in commerce can prove to be very advantageous for you. You can pursue commerce courses after 12th or equivalent with commerce as a subject. You can find commerce courses at UG, PG and PhD levels such as B.Com, M.Com, MBA and MPhil. There are also diploma and certificate courses in commerce as well as free online commerce courses for students. Commerce courses are offered as full-time/part-time or distance mode. After the advent of online learning, there is a rise in popularity of online commerce courses. Online education has enable lakhs of individuals, who would otherwise not able to pursue a regular course time to time constraints. Online learning is especially popular among working professionals.
What is Commerce?
The trade or exchange of goods, services and something of value called commerce. It significantly creates a necessary link between the producers and consumers of goods and services. Commerce plays a crucial role in the employment perspective. It has a vital role in the economic development of nations and it encourages trade on the global level.
Who Can Learn Commerce?
Anyone who has an interest in finance, trade, accounting, or economics can pursue commerce courses. Students who have studied commerce in classes 11th and 12th can apply for a multitude of commerce courses at graduation level such as B.Com, BBA, B.A. Economics, and then CS and CA at PG level.
Eligibility Criteria for Commerce Courses
- To pursue a bachelor of commerce, candidates must have completed 10+2 in commerce or its equivalent level of education.
- Admission to diploma and certificate courses in commerce is done based on the marks obtained in Class 12 or graduation from a recognised board.
- For PG programmes or master of commerce, candidates must have completed their bachelor’s degree in commerce with minimum marks of 45%-50% from a recognised board.
- For doctoral programmes such as PhD in Banking and Finance, M.Phil. In Commerce and PhD in Business Economics, candidates must have completed a master’s degree or equivalent to that from a relevant stream from a recognised university.
- Many colleges/universities take admission in commerce courses through commerce exams like CA Foundation, CSEET, NMIMS CET, IPU CET, SET, ICAI, and ICSI, among others.
Skills Required for Commerce
- Problem Solving
- Analytical Skills
- Basic knowledge of taxes and banking
- Good communication skills
What You Will Learn in Commerce Courses?
As a course of education, studying commerce courses provides you adequate knowledge about the importance of the nature of trade and activities in trade. You will learn about the wholesale and retail trade, export and import trade, and entire port trade.
With commerce courses, you can develop economic understanding, interpret economic problems and their effects on society, and develop a sense of values for better economic planning. You will also learn various fundamental principles of economic implications of business investments and understand distinct business machinery.
Popular Commerce Certification Courses
You can pursue the best commerce certification courses at the undergraduate, postgraduate and PhD level. Bachelor’s and Master’s degree in commerce courses are available full-time while certificate courses like CFA ,CA, CS, and others are part-time. By pursuing commerce courses online, you will study statistics, mathematics and informatics practices, economics, banking, and chartered accountancy.
Here’s the list of popular commerce certification courses:
Career Options in Commerce
There are ample career opportunities available after commerce certification courses. Depending on the course selection, you can pursue different job profiles in the BFSI sector. You can also find jobs in nationalised banks, railways, income tax, and other government departments once you complete commerce courses online or offline.
Here are some of the job profiles you can find after commerce certifications:
- Chartered Accountant
- Bank Manager
- Marketing Manager
- Chartered Financial Analyst
- Accounts Executive
Commerce Salary Trends
Commerce jobs have benefits in terms of salary and job satisfaction. After pursuing online commerce courses or certification courses, candidates can opt for various commerce jobs based on their interests and job security. There are many highest-paying jobs for commerce students. As a Chartered Accountant, candidates can earn an average salary of Rs. 795,838/ year. The salary depends on several factors like location, employer, skills and experience.
Popular Online Finance Courses and Certifications
- Online Banking And Finance Courses
- Online Fintech Courses
- View All Online Finance And Accounting Courses
Salary based on experience
Less than 1 year
20 years and above
*The salary trend is based on PayScale
Scope of Commerce
The study of commerce courses after 12th or graduation opens up various career opportunities for commerce students. While commerce is the lifeblood of industries and nations, its scope implies all the activities such as the trade of goods and services from producers to consumers. In the development of commerce, activities like transportation, communication, banking, insurance, and advertisement play a crucial role. Choosing commerce as a field of study will allow you to get a job in areas, including banking, human resources, accounting and finance, business administration, and related fields.
Top Recruiters Hiring Commerce Graduates
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Q: What job can I get after commerce courses?
A: Choosing commerce as a field of study, there are various job options you can find after online commerce courses, including a chartered accountant, business executive, data analyst, investment banker, economist.
Q: What qualification do I require for commerce certifications?
A: You can pursue online commerce courses with certificates at UG and PG levels. For a UG degree, you must have passed 10+2 or its equivalent education in the commerce stream. For a PG degree, you have completed a bachelor’s degree in commerce or equivalent fields.
Q: What are the professional courses after 12th commerce?
A: There are many top professional courses after 12th commerce. These include B.Com (Hons.), B.A. Economics, BBA, BCA, BAF, Bachelor of Financial Markets (BFM), and others.
Q: Do I need to appear for any entrance exams for professional commerce courses?
A: Yes, some colleges/universities conduct entrance exams such as CFA, CMA, IPU CET, ICWAI, ICAI and ICSI for various commerce courses.
Q: What should I do after B.Com?
A: After pursuing a bachelor of commerce degree, you can apply for MBA, M.Com, CA, CS, CFA, CMA and another relevant degree.
Q: Can I get a job after B.Com?
Q: How much does a candidate earn after commerce courses?
A: With a B.Com degree, a candidate can earn an average salary of Rs. 453,708/ year. There are some popular roles after this degree such as associate auditor, business development associate, research analyst, and more.
Q: Is commerce a good career?
A: Commerce plays a vital role in the development of any nation and its economic growth. With the right qualifications and knowledge, you can make your career more rewarding in this field.
Q: What are commerce courses for MBA graduates?
A: Many commerce courses and specialisations are available for MBA graduates. These include Finance, Marketing, Human Resources, Business Management.
Q: Which Companies hire more commerce graduates?
A: Companies like ICICI Bank, SBI, HDFC, Deloitte, Microsoft, KPMG, TCS, HCL and Reliance, are among the top recruiters for commerce graduates.
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