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Check Out The Top Career Options In Commerce

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Check Out The Top Career Options In Commerce

Edited By Yashodhra Arora | Updated on Mar 10, 2022 06:28 PM IST

"A student who doesn't perform well in Science chooses Commerce instead."

“Only children from families with business backgrounds should pursue Commerce degrees.”

"If I get a degree in Commerce, my career options will be limited to CA, CS, and B.Com.”

The above statements are some ideas that society, our parents, and friends have led us to believe, but they don't hold a candle to the truth. Nowadays, Commerce is one of the most popular streams that students choose after completing class 10. In truth, Commerce, much like Science, as well as Humanities, presents a plethora of career options for students.

Check Out The Top Career Options In Commerce
Check Out The Top Career Options In Commerce

How Do You Know Commerce Will Be A Good Fit For You?

To decide if Commerce would be a good fit for you, you could consider the following factors:

  • Do you intrinsically possess good communication and negotiation skills, and want to improve them further?
  • Do you often take up leadership roles? For example, are you a school captain, house captain, class representative, and always ready to take on responsibilities?
  • Do you genuinely wish to become a CA, CEO, or CFO of an organisation, working with MNCs in executive positions, or run a business a few years from now, and want to learn the skills, gain the knowledge to do so?
  • Do you have a good grasp of numbers, a knack to analyse and manipulate large amounts of data, and an interest in finance and economics?

If your answer to most of these questions is positive, the Commerce stream might be a good choice for you, and a great career in Commerce after 12th might be awaiting you.

Subjects And Career Options For Commerce Students

The core subjects offered in the Commerce stream are Accountancy, Business Studies, Economics, English, and Mathematics. Information Practices, Computer Science, Physical Education, etc. are some optional subjects, which vary from school to school. The following are some exciting and top lucrative career options you can pursue if you are considering choosing Commerce as your stream after class 10, or if you are already a student of Commerce.

Best Career Options After 12th Commerce

Career options for commerce students

Average starting salary (approx.)

Premier colleges/institutes

Courses

Economist

Rs. 8 - 10 lakh per annum

  • Delhi University (SRCC)
  • Mumbai University (St. Xavier’s College)
  • Christ University - Bangalore, etc.

BA/BSc Economics/BBE + MA Economics

Statistician

Rs. 6 - 7 lakh per annum

  • Indian Statistical Institute (ISI) – Kolkata & New Delhi
  • Delhi University (Ramjas College)
  • Maharaja Sayajirao University of Baroda - Gujarat, etc.

BA/BSc Statistics + MA/M.Sc Statistics

Financial Advisor/Planner

Rs. 4 - 5 lakh per annum

  • Delhi University (Shaheed Sukhdev College of Business Studies)
  • Mumbai University (H.R College of Commerce & Economics, Hinduja College of Commerce)

BFIA/BFM/BCom + MBA Finance + CFP or CFA certificates

Supply Chain Analyst

Rs. 10 - 11 lakh per annum

  • Symbiosis International University - Pune
  • Presidency University - Bangalore

BCom/BBA - MBA/PG Diploma in Supply Chain Management

Corporate Lawyer

Rs. 7 - 9 lakh per annum

  • National Law University (NLSIU - Bangalore, NLU - Delhi, NALSAR - Hyderabad)
  • ILS Law College - Pune
  • Jindal Global Law School - Sonipat
  • Symbiosis Law School (SLS) - Pune

BA LLB/BCom LLB or BCom + LLB (3 years)

Business Reporter

Rs. 3 - 4 lakh per annum

  • Delhi University - (Lady Shri Ram College for Women LSR, Delhi College of Arts & Commerce DCAC)
  • Mumbai University - (Jai Hind College, Wilson College)
  • Christ University - Bangalore, etc.

B.Com/BBA + PG Diploma in Media and Mass Communication

(Note: Students can specialise in Business Journalism after completing their graduation from any stream)

Banker (Bank PO)

Rs. 4 - 5 lakh per annum

  • Mumbai University - (Narsee Monjee College of Commerce & Economics -NMIMS)
  • Delhi University - (Shri Ram College of Commerce SRCC, Hansraj College, Hindu College)
  • Christ University – Bangalore
  • Loyola College - Chennai
  • Presidency College - Chennai

BCom/BBA + MBA Banking or Banks PO exams

Chartered Accountant

Rs. 7 - 8 lakh per annum

The Institute of Chartered Accountants of India (ICAI)

CA Course (CA Foundation, Intermediate, and CA Final)

Company Secretary

Rs. 3 - 4 lakh per annum

The Institute of Company Secretaries of India (ICSI)

CS Course (CS Foundation. Intermediate/ Executive, CS Final/Professional)

Cost Accountant

Rs. 5 - 6 lakh per annum

The Institute of Cost Accountants of India (ICAI)

CMA course (Foundation/ Intermediate/ Final)

Actuary

Rs. 9 - 10 lakh per annum

The Institute of Actuaries of India (IAI)

ACET

(Note- Data has been collated by Team Careers360)

Let us now explore these careers in more detail.

Economist

Research and analysis are the most important elements of being an economist. Your background in Economics, and a keen interest in the economic functioning of the market and its effect on consumer behaviour, will help you better understand producer behaviour and consumer behaviour. You will also be able to make economic predictions, design policies, and advise your clients through various reports and presentations focused on topics like energy cost, inflation, and interest rates. Being an economist is one of the most lucrative career options for Commerce students. You can be employed in consulting firms, private banks as an economist, strategist, risk management analyst, etc. Some top recruiting companies are HSBC, Centre for European Policy (Think Tank), World Bank, Citibank, etc.

Statistician

For a highly valued career in Commerce after 12th, you may consider becoming a statistician. Statisticians analyse and collect data, to solve problems and make various recommendations to organisations, both in the private and public sectors. The recommendations, which are based on conclusions and inferences gathered from interpretation, representation and analysis of numerical data, are made to stakeholders and policymakers. There are various opportunities available both in the public and private sector in jobs like risk analyst, market research, investment analyst, research professional, etc. Becoming a statistician is indeed one of the best career options in commerce with maths.Some top recruiting companies are Deloitte Consulting, TCS Innovations Labs, GE Capital, Nielsen Company, etc.

Financial Advisor/Planner

A financial advisor is a personal financial planner, whose primary job is to plan investments, and manage money in a way that maximises returns for the investor. It is primarily a number game that is challenging, as well as rewarding for those who enjoy it and have a genuine interest in the field. Financial advising is one of the most upcoming career options for commerce students. A major element of the advisory role is in determining budgets, investments, and tax-saving strategies for clients regularly, and then changing the strategy based on market conditions. You can be employed in banks, investment firms, wealth management companies as a senior financial advisor, wealth manager, financial analyst, budget analyst, etc. Some of the top recruiting companies are HSBC, Aditya Birla Group, Bajaj Finserv, LIC, etc.

Supply Chain Analyst

When we speak of career options after 12th Commerce in today’s times, we can surely not miss out on the potential opportunities for a supply chain analyst. As part of the whole supply chain workflow, a supply chain analyst collects and analyses data, to improve performance and reduce costs. To be successful as a supply chain analyst, one must possess strong analytical skills and business acumen. This complex job profile calls for strong problem-solving skills and attention to detail. Looking at the demand for such professionals today, supply chain management can be seen as one of the best career options after 12th commerce. As an analyst, you will plan and implement supply chain optimisation projects, maintain standards, and oversee inventory procedures. You will be employed in industries (shippers) and service providers as operations managers, logistics analysts, supply chain managers, purchasing managers, and so on. Some top recruiting companies are Reliance Retail, Cisco Systems, Johnson & Johnson, Procter & Gamble, etc.

Corporate Lawyer

A corporate lawyer deals with practices, rules and regulations, to manage the formation, and operations of corporate firms. It is undoubtedly one of the most lucrative career options for Commerce students. This program covers subjects like Constitutional Law, Family Law, Property Law, Administrative Law, Company Law, etc. Corporate lawyers work for law firms, casting agencies, government organisations as corporate event associates, legal counsels/officers, associate advocates, or have their own private practice. Some of the top recruiting companies are Khaitan & Co., AZB & Partners, Luthra & Luthra Law Offices, Amarchand & Mangaldas & Suresh A Shroff & Co, etc.

Business Reporter

Business reporters are responsible for gathering information about businesses and communicating with people inside and outside their organisation, including the public, government officials, and others. The role of a business reporter requires the ability to identify information and categorise it based on how it may affect the public at large. A business reporter is a journalist who covers the economy and business developments. As a business reporter, you may work for local newspapers, TV news segments, and prestigious business newspapers and magazines. For people with an interest in media as well as business, business reporting can be one of the best career options after 12th Commerce. Some of the top recruiters are The Wallstreet Journal, Bloomberg, The Financial Times, The Economist, The Washington Post, etc.

Banker (Bank PO)

Bank PO or Bank Probationary Officer is an entry-level position in a bank, where you will start your career as a trainee. During the 2-year probation period, you will work across various activities related to handling cash flow, customer support, loan processing and approval, clerical work, and participate in the daily functioning of a bank. After the completion of the probation period, you are placed as an assistant manager and will be promoted to a branch manager after a few years of experience and expertise. As a bank PO, you will be working in various positions like accounts clerk, administrative assistant, cashier, credit officer, insurance officer, financial dealer’s assistant, etc. Bank PO is one of the most demanded careers in commerce after 12th, perhaps due to the stability it brings about for a job. Some top recruiting agencies are SBI, NABARD, RBI, Axis Bank, etc.


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Chartered Accountancy (CA)

This is a professional course which is administered by the Institute of Chartered Accountants of India (ICAI), and covers subjects like Cost Accounting and Financial Management, Advanced Accounting, Accounting, Taxation, Business Law, Auditing and Assurance, Ethics and Communication, Information Technology and Strategic Management, etc. Chartered Accountancy is undoubtedly one of the most popular career options for commerce students. A Chartered Accountant usually works across various domains of business such as auditing, taxation, finance and investment, etc. in private and government organisations, in areas like auditing, corporate finance, investment banking, corporate finance, consulting, etc. You can also start your private practice after a few years of experience. Some of the top recruiters are E&Y, KPMG, Deloitte, PwC, etc.

Company Secretary (CS)

Company Secretary is a professional course, which is administered by the Institute of Company Secretaries of India (ICSI). This course aims to develop in the aspirants an understanding of the legal requirements of running a company, and thereby help the management make business-related decisions. Developing corporate strategies, preparing financial reports, dealing with conflicts of interests, advising on company law, are some of the duties performed by a CS. Some of the areas you may work in are joint ventures, arbitration, corporate governance, and so on. Jobs are available both in the private and public sectors, while you may also choose to set up your own practice. Some top recruiting companies are TCS, Cognizant, Mindtree, Infosys, etc.

Cost And Management Accounting (CMA)

When discussing career options after 12th Commerce, we can definitely not miss out on CMA. This was earlier referred to as Cost and Work Accounts. The CMA certification can be pursued only under the Institute of Cost Accountants of India. In this course, aspirants learn about performance evaluation, asset management, budgeting, cost management for a company, and so on. Usually, cost and management accountants work along with corporate executives, and prepare reports for regulatory authorities (tax authorities, creditors, etc.), financial plans and strategies, etc. Eventually, with a few years of experience, you may climb up to senior positions in the finance domain. Some top recruiting companies are ONGC, Reliance, Tata Motors, Capgemini, etc.

Actuarial Sciences

To become an actuary, you need to acquire the certification from the Institute of Actuaries of India (IAI). Actuaries work primarily in the insurance, business, and healthcare sectors, analysing the financial risk for the companies, thereby enabling the companies to make crucial business decisions. Their work often involves extensive data analysis, and aspirants of actuarial sciences must have an immense fondness, and a strong aptitude for maths, and related fields like statistics. Some of the top recruiting companies are Max Bupa Health Insurance, Prudential, Pwc Actuarial Services India, Milliman, etc.

There are numerous other career options for Commerce students out there, making this one of the more lucrative streams to opt for. Those willing to go through the rigour of studying Commerce, will be able to carve a path for themselves in this field burgeoning with possibilities.

Yashodhra Arora is a Counselling Psychologist. She holds more than 10 years of hands-on experience in HR, and behavioural and career counselling of high school students, in India and the USA.

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2 Jobs Available
Welding Engineer

Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

5 Jobs Available
QA Manager
4 Jobs Available
Quality Controller

A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

3 Jobs Available
Production Manager
3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
QA Lead

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
QA Manager
4 Jobs Available
AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

4 Jobs Available
Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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