What You Should Know About Studying Commerce?
In our country, the practice is to segregate students into different streams of study right after their 10th. This is done so that students can focus more on their chosen subjects to gain more knowledge about them for their careers in the future. Among the 3 streams (Science, Commerce, and Arts) that are usually offered in most schools, the Commerce stream is seen as kind of a black horse among students.
But there is no reason for this misconception, as is the case with many other things that pop up in student pop culture. Studying in the commerce stream can be beneficial for anyone, as it is the gateway to some of the top management roles in any organization. There are many reputed professional courses in Commerce too, which guarantee high salaries to students who pursue them.
This blog tries to collate everything a student should know about studying Commerce as a subject, from undergraduate and certificate courses available to the salaries of the highest-paying jobs a graduate from commerce colleges in Jaipur can land. So if you’ve ever wondered how studying Commerce will impact your life, read on to find out more.
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Academic Courses in Commerce
Academic courses are the basic degree courses offered by colleges and universities worldwide. In the Commerce stream, academic courses can be found in all three levels – undergraduate, postgraduate, and doctoral. Students can go all in and study all of the subjects in these courses are pick more specialized variants of these same courses – ones that’ll focus more on a particular field like Accounting, Tax Auditing, Human Resources, Management, etc.
Undergraduate Commerce Courses
Undergraduate courses in the commerce stream generally deal with imparting basic knowledge in the subject of focus. The eligibility criterion for these courses is generally 50% in 10+2 from a recognized board, though some colleges do take admissions on the basis of entrance examination scores. Some of the popular courses that a student can opt for in commerce colleges in Jaipur are listed below.
- Bachelor of Commerce (B. Com)
- Bachelor of Business Administration (BBA)
- Bachelor of Business Studies
- Bachelor of Business Finance
- Bachelor in Banking and Insurance
- Bachelor of Management Studies
Postgraduate Commerce Courses
After completion of their undergraduate Commerce course, students often go for postgraduate courses to increase their knowledge and their chances of getting higher-paying jobs from the get-go. These postgraduate courses are often specialized, focusing more on one specific area like Operations, Finance, Analytics, Logistics, Management, etc. Some of the common postgraduate courses that can be found in the best commerce colleges in Jaipur include:-
- Master of Business Administration (MBA)
- Master of Commerce (M. Com)
- MBA in Human Resources Management
- MBA in Information Technology
- MBA in Marketing
- MBA in Finance
The beauty of the Commerce stream lies in some of the professional courses that a commerce student can go for after or during their graduation. These professional courses are usually part-time and extremely hard to complete, hence they are easy to get into but also hard to crack – the result of which is extremely high-paying jobs guaranteed on their completion. Let us look in more detail at some of these professional courses that are available to students studying in the best Bcom colleges in Jaipur.
Chartered Accountancy (CA and ACCA)
This is perhaps the most aspiring job for commerce students. The CA course is offered by the Institute of Chartered Accountants of India (ICAI) whereas the ACCA certification is offered by a global accounting body of the same name – the Association of Chartered Certified Accountants. Both are really tough nuts to crack, with multiple levels of certifications that can be obtained by clearing multiple levels of examinations.
Certified Management Accountant (CMA)
This is another professional certification course like the CA. This certification is offered by the Institute of Management Accountants (IMA) in the USA and is accepted in India. Students from private commerce colleges in Jaipur can apply for this certification while doing their graduate course or after completing it.
Company Secretary (CS)
The company secretary certification is offered by the Institute of Company Secretaries of India (ICSI). Like the rest of the certification courses mentioned so far, this one also has various levels which have to be cleared. Completion of the final level called the CS Professional Program can earn students senior-level jobs in many organizations. The CS certification is especially popular with those who are inclined towards company law.
Certified Financial Planner (CFP)
The Financial Planning Standards Board India (FPSB) is responsible for this professional course. CFP is also one of the top courses in the commerce field as it deals with all kinds of financial planning scenarios like taxes, insurance, estate planning, etc.
Certificate/Diploma Courses for Commerce Students
Other than what we have discussed already, there are various short-term diploma or certificate courses that students from Bcom colleges in Jaipur can pursue to aid in their career advancement. While not all of these courses fall strictly in the commerce stream, they work together with commerce subjects very well leading to high-paying jobs in interesting sectors. Let us look at a few of these courses now.
- Diploma in Digital Marketing
- Diploma in Hotel Management
- Diploma in Accounting and Finance
- Diploma in Industrial Safety
- Diploma in Retail Management
- Certificate in Banking
- Certificate in Entrepreneurship
- Certificate in Data Science
- Certificate in Graphic Design
Common Jobs and Salaries of Commerce Graduates
Let us now look at some of the most common jobs and the salaries of commerce graduates from Arya College Jaipur, which is considered one of the best for pursuing a Bcom in the country.
|Job||Average Annual Salary (INR)|
|Chartered Accountant||15 lakhs|
|Financial Analyst||4 lakhs|
|Company Secretary||6.5 lakhs|
|Business Executive||2.9 lakhs|
|Investment Banker||9.4 lakhs|
|Marketing Manager||10 lakh|
All in all, there is no dearth of high-paying job opportunities for students who wish to go forward with the commerce stream. There are plenty of courses available in this stream too, for students to choose from so they can specialize in the particular field which interests them the most. Basic academic courses like a Bcom from commerce colleges in Jaipur, like Arya College, act as a great foundation course, making students eligible for a lot of other professional, certification, and postgraduate courses in commerce and allied fields, which can drive their careers to great heights.
What are the main subjects of commerce?
The main subjects in any commerce degree are usually Accountancy, Business Studies, and Economics.
Is it possible to do CA without Maths?
Yes. The CA certification does not focus much on Math, so if you didn’t have Math in your 12th, or generally want to avoid the subject, it is one of the best options for you.
What is the duration of a Bcom course?
A Bcom course generally lasts for 2 years for full-time degree courses. That may differ if the course is in online mode.
Which companies recruit ACCA-certified chartered accountants?
Big companies like EY, Amazon, Deloitte, PwC, Barclays, and Wipro usually hire ACCA-certified chartered accountants in our country.
What are fields I can work in with a commerce degree?
You can work in fields like Business Accounting and Taxation, Investment Banking, Financial Accounting, Chartered Accounting, Teaching, Management, Financial Risk Management, Banking, and much more with a commerce degree.