What is Commerce?

“Commerce is a branch of any business which covers the economical part of the legal, social, political, technological and cultural system”.

In India, a big community of the students choose Commerce after 10th board for their bright future. The students who mostly want to work in the corporate world, choose this field.

There are many different career options in Commerce after 12th. Today we will discuss about those various options in this blog.

1. Bachelor of Commerce (B.Com)

You can choose B.Com after 12th. There are many job opportunities in this field.

Job Profiles:
B.Com graduate can work as an/a
⦁ Accountant
⦁ Auditor
⦁ Consultant
⦁ Company Secretary
⦁ Business Analyst
⦁ Finance Officer
⦁ Sales Analyst
⦁ Junior Analyst
⦁ Tax Accountant
⦁ Stock Broker
⦁ Economist
⦁ Business Development Trainee

2. Bachelor of Management Studies (BMS):

Job Opportunities After BMS In India
1. Administration And Operations
2. Project Management (Executive Level)
3. Enterprise Management
4. Human Resource Management And Development
5. Customer Management
6. Data Management And Systems Analysis
7. Sales And Marketing
8. Financial Management
9. Communications Management

3. Bachelor of Business Studies (BBS):
Top 10 Career Opportunities After BBS Degree
1. Marketing
2. Advertising & PR
3. Human Resources
4. Banker
5. Insurance
6. Entrepreneur
7. Civil Services
8. Chartered Accountant
9. Company Secretary
10. Study MBA

There are same job opportunities with Bachelor in Business Administration (BBA)

NOTE:
Difference between BBA and BBS: The Bachelor of Business Administration (BBA) is a three year undergraduate degree course in business administration, while, the Bachelor of Business Studies (BBS) is a three year undergraduate degree course which facilitates the integration of academic knowledge and practical work experience.

1. Master of Commerce (M.Com):
M. Com Jobs
A large number of job opportunities which are available to the graduates of  M.Com course in the public & private sector are enlisted below:
⦁ Various Corporate Sectors in their Marketing and Accounts Sections
⦁ Finance, Commerce and the Banking Sectors
⦁ Research Associates with Economic Consulting Firms
⦁ Economic Consulting Jobs
⦁ Customs Department
⦁ Import / Export Companies
⦁ Indian Civil Services
⦁ Indian Statistical Services
⦁ Indian Economic Services
⦁ Insurance Industry

M.Com Jobs for Freshers:
⦁ Money Manager
⦁ Cashier / Teller
⦁ Corporate Analyst
⦁ Executive Assistant
⦁ Risk Analyst
⦁ Investments Analyst
⦁ Accounts Assistant
⦁ Investment Banker
⦁ Assistant Accountant
⦁ Market Analyst
⦁ Accountant
⦁ Business Analyst
⦁ Securities Analyst
⦁ Financial Analyst

2. MBA (Master of Business Administration):
If you want to do MBA, you must hold the bachelor’s degree with a minimum of 3 years duration in any of the disciplines.
Job Opportunities:
⦁ Brand Manager
⦁ Account Manager
⦁ International Business Manager
⦁ Marketing Executive
⦁ Business Technical Consultant
⦁ Business Development Executive
⦁ Marketing Manager
⦁ Management Consultant

3. Chartered Accountancy (CA):

JOBS:
Practice CA
1.Chartered Accountant in practice
2.Cost Accountant in Practice
3. Company Secretary in practice
4. Advocate as defined by Bar Council of India
5. Actuary professional
6. Architect professional
7. Engineer (chartered)

Taxation:
International taxation (along with direct tax) consultancy for companies involving foreign party (associate, joint venture, subsidiary).
GST / Customs consultancy.

Management consultancy services:
1. Project Financing
2. Mergers acquisition
3. Valuation
4. Preparing consolidated financial statements for companies. (doing IND AS consultancy)

Auditing:
1. Statutory audit of Companies (governed by rotation )
2. Internal / management audit of companies
3. Cooperative audits
4. Forensic audit

4. Chartered Financial Analyst Program (CFA):
Types of Job Roles for Chartered Financial Analyst (CFA)
Financial Analyst
Research Analyst
Credit Analyst
Finance Manager
Equity Research Associate
Employment Opportunities for Chartered Financial Analysts

There are different types of firms that employ CFAs. A person with CFA certification can get employment in any of the following firms:
⦁ Wealth Management Firms
⦁ Portfolio Management Firms
⦁ Investment Banking
⦁ Equity Research
⦁ Private Equity
⦁ Credit Rating / Analysis
⦁ Corporate Finance Divisions

5. Company Secretary Program (CS):
Job Profiles:
⦁ Company Registrar
⦁ Legal Advisor
⦁ Corporate Policymaker
⦁ Chief Administrative Officer
⦁ Principal Secretary
⦁ Corporate Planner
⦁ Chairman
⦁ Managing Director
⦁ Administrative Assistant
⦁ Administrative Secretary
⦁ Investor Capital Market Relations
⦁ Contents Coordinator

A report by Shahriar Alam for IHOIK education desk