Commerce is one of the most desirable streams after 12th grade. It opens gateways to several careers that have bright scope in the future. The stream is not just rewarding but also offers lucrative jobs with career satisfaction. This article discusses top career paths for students after completing the 12th standard.
The various advantages of pursuing a career in Commerce are:
Let us take a look at the most lucrative career paths in Commerce that offer long-term growth:
It is one of the highest-paying professions in finance and accounting. They manage the company’s finances. They are responsible for tax planning, budgeting, and providing financial guidance to the businesses or companies. To become a CA, students must clear the entrance exam held in three stages, namely CA Foundation, CA Intermediate, and CA Final. With experience, CA will be promoted to Senior Accountant, Finance Manager, Chief Finance Officer, or even start his/her own firm. The average salary of CA ranges between 6 and 40 LPA based on skills and experience.
A company secretary (CS) advises the company on legal, financial, and government matters. CS ensures whether the company is adhering to the rules and regulations. He maintains the company records, communicates with shareholders, assists with board meetings, and advises the board on governance. The average salary of a CS is around 7 LPA.
A financial analyst assesses the financial data and makes investment recommendations for companies. They examine the market trends, economic sectors, and industries before making suggestions. They are hired by banks, insurance companies, investment and securities firms, and government agencies. The annual initial salary of financial analysts ranges between 4-5 lakhs.
Check out: Best BCom Colleges in Bangalore
Careers in management and entrepreneurship for commerce graduates include:
An MBA or other business management degree imparts leadership and business acumen. These paths equip strategic thinking, risk-taking, and organizational skills essential to holding key positions like executive and managerial roles in an organisation. The career prospects after MBA include Entrepreneur, HR Manager, Sales Executive, Management Consultant, Project Manager, etc. An MBA fresher can expect around 4-6 LPA.
The core subjects Business Studies, Economics, and Accountancy taught in Commerce stream build entrepreneurial skills. The Commerce knowledge lays the foundation for building your own business or starting a new venture.
Commerce students have an option to explore diverse roles in marketing and sales. They can apply the knowledge learned in the course to expand sales, build brand image, and increase customer engagement. They can take up roles like Sales Manager, Marketing Executive, Digital Media Manager, etc.
For students interested in corporate law, here are some legal career options:
Commerce students specialize in the fields of business, economics, and finance. This knowledge helps corporate lawyers understand the financial and operational aspects of a business better. They become equipped to make informed decisions involving a legal aspect.
Commerce background helps students become tax consultants as it provides essential background in accounting, finance, and economics. The understanding of taxation, analysis of financial statements, and tax-saving strategies facilitate them in becoming an efficient tax consultant.
Finance and banking domains offer high-income job opportunities:
Investment bankers manage funds, portfolios, and investments of companies. It is a prestigious career in finance with global opportunities and high earnings. They deal with high-value transactions. They help companies raise capital, set stock prices, and negotiate merger and acquisition deals. The average salary you can draw is between 4 and 6 LPA.
Bankers are involved in banking services like disbursing loans, managing deposits, etc.; they help individuals meet their financial goals. A financial advisor analyzes the finances of clients and makes suggestions to efficiently manage their finances and make informed financial decisions.
A few non-traditional career options that utilize commerce skills include:
Check: Explore high-income skills of 2024.
Commerce is an evergreen stream. The knowledge and skills learned in the course help build a successful career. The principles taught also aid in making informed financial decisions in both personal and professional life. Distinct career paths in diverse domains have been discussed above. You make a wise choice based on your passion and strengths.
Have a bright future!
Explore the top career options in commerce that align with today’s industry demands. Pair this with a look at high-income skills and post-B.Com career paths. Step confidently into your future by enrolling in degree colleges in bangalore or choosing from the best commerce degree colleges in bangalore.