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What are the Career Options after Choosing a Commerce Degree program?

Students often go through the dilemma of deciding which stream of studies they want to pursue. This happens because students do not have the proper knowledge or understanding of the scopes each stream has. When it comes to the commerce stream, students often aim to become an accountant since most of them do not have much idea about the diversity of career options a Commerce student has in their future.

In this blog, we will be discussing the various career options that open up to students who choose a commerce degree program. Let us now look in more detail at the list of commerce courses in India recommended at Collegedunia career carnival 2023.

After 12th Commerce Courses in India

1. Bachelor of Commerce (B.Com):

The most suitable option for a student who just passed their class 12th board exam is to apply for a Bachelor’s degree. A commerce student can apply for a B.Com course in colleges across India. Not every college offers B.Com so the students need to do some research on their own to find a college suitable for them. Some of the best colleges that offer Bachelor of Commerce in India are-

  • Shri Ram College of Commerce, New Delhi
  • Christ University, Bengaluru
  • St. Xavier’s College, Kolkata
  • Madras Christian College, Chennai
  • Narsee Monjee College of Commerce and Economics, Mumbai.

2. Bachelor of Business Administration (BBA):

A Commerce student who just passed their class 12th board exam can also apply for a BBA course. Though applying for BBA does not necessarily require a Commerce background in high school, many commerce students still apply for BBA. Some of the best colleges in India that offer BBA are as follows-

  • Christ University, Bengaluru
  • University of Delhi, New Delhi
  • NMIMS, Mumbai
  • Amity University, Noida
  • IEM, Kolkata.

3. Chartered Accountancy (CA):

Although many students opt for a Chartered Accountancy course after B.Com or while pursuing it, students have the option to apply for Chartered Accountancy after passing class 12. Students need to prepare and appear for CA Common Proficiency Test or CPT to finally be eligible to pursue Chartered Accountancy. This is one of the hardest but also among the best commerce courses in India. Students need to collect study materials from the Institute of Chartered Accountants of India (ICAI) and appear for the exams. The student should also complete an articleship from a CA firm in order to become a Chartered Accountant.

After Graduation Career Options for Commerce Students in India

1. Pursue Masters of Commerce (M.Com):

A student graduating with a B.Com degree can apply for a Masters’s degree. Many colleges offer integrated courses that combine Bachelor’s and Master’s degrees too. Though a post-graduation course may not be available in the near future since University Grants Commission (UGC) may change the educational course structure, pursuing a master’s after graduation is still popular among students going for higher education. Some of the best universities in India that offer Masters of Commerce are-

  • University of Delhi, New Delhi
  • University of Calcutta, Kolkata
  • University of Kerala, Kerala
  • Osmania University, Hyderabad
  • Mumbai University, Mumbai

2. Pursue Masters of Business Administration (MBA):

MBA is a costly degree and not many people can afford it. Though there are many scholarships and education loans available to fund needy students to pursue MBA, still the students and their parents should think very carefully before going for an MBA. This post-graduation course comes with a variety of specializations that prepare students to become efficient managers and secure good management positions in any organization. Some of the best colleges/institutes that offer MBA in India are-

  • Indian Institute of Management (IIM), Ahmedabad
  • Indian Institute of Management (IIM), Bangalore
  • Indian Institute of Management (IIM), Kolkata
  • Indian Institute of Technology (IIT), Delhi
  • Indian Institute of Management (IIM), Kozhikode

3. Pursue Various Professional Courses:

A student with a Bachelor’s degree in Commerce can apply for various professional courses other than Chartered Accountancy as discussed earlier like Company Secretary, Cost Accountancy, Cost and Work Accountancy, Law, Financial Markets, Education, and others. This will allow them to narrow down the competition and land a highly respectable job.

4. Get a Job:

After completing their graduation in Commerce, students can also get a job in various companies for a variety of positions. Students can apply for banking exams, SSC exams, and other government competitive exams or apply directly to various vacant positions in private sectors through LinkedIn, Indeed, or other job portals. These job positions include Accountants, Marketing and Sales, Content Writing, etc. Part-timing and Freelancing are good options for students wanting to pursue higher studies while earning their living.

Some of the popular job options for students who graduate from some of the best commerce courses in India are listed below.

PositionDegree RequiredAverage Salary (INR)
Chartered AccountantCA7 LPA
Accounts ManagerB. Com5.9 LPA
Loan OfficerBBA2.54 LPA
Digital Marketing ManagerM. Com7.2 LPA
Financial AnalystM. Com or MBA4 LPA
Bank ManagerB. Com or MBA7 LPA

Online Commerce Courses in India

With digitalization, the E-Commerce Industry in India has seen massive growth and is expected to grow further in the future. As a result, many online commerce courses in India have popped up in recent years that impart specialized knowledge to succeed in e-commerce. There are various diploma courses on E-Commerce that are provided by different colleges like the Indian Institute of E-Commerce, Ranchi University, Arunodaya University, and others.

There are various online platforms that provide ECommerce certifications too. Udemy, Coursera, and Digital Marketer are some of those platforms that offer E-Commerce certifications. These certifications are good for career growth since they take a few hours to complete; can be done while pursuing full-time courses; and readies students for some specialized jobs as well.

Some job opportunities for students with an E-Commerce diploma or certificate are-

  • Marketing Manager,
  • Business Analyst,
  • E-Business Consultant,
  • Management Consultant,
  • Brand Manager.

Conclusion

There is no doubt that a student opting for commerce courses in India will have a bright future with loads of career options available to them. Whether they choose to study further in a full-time or online course, it doesn’t matter much as long as they select the right type of course for the job they aim for. The horizon is endless for students who pursue commerce courses after their 12th as far as their career is concerned.

Frequently Asked Questions

  1. Can I pursue a Ph.D. with a Commerce degree?

Ans: Yes. You can pursue Ph.D. after you complete your M.Com with a minimum of 55% marks. You also have to clear NET, SET, or any other accepted entrance exam. Though UGC may soon change the curriculum and then you might be able to pursue a Ph.D. after completing 4 years of graduation.

  1. Do I need to clear CA CPT after graduation to pursue CA?

Ans: No, with a Bachelor’s degree in Commerce, you can directly take admission to CA courses without the need to clear CA CPT.

  1. Can I apply for a job after Class 12?

Ans: There are certain jobs that you can apply for after class 12 but it is advisable to complete graduation first.

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