Studying Commerce as a stream can be defined as a study of business activities such as sale and purchase of goods and services from the producer to a buyer. The important subjects taught in the school curriculum of 11th and 12th are Economics, Accountancy, and Business Studies. Students are advised to choose this field if they have an affinity for numbers and have more interest in business and economy.
Students studying under Commerce stream have a thoughtful outlook on the outside world. This career has lots of difficult challenges and practical facts added to it. Most students opt for Commerce because they want to take the next step in business and follow the strategies to become successful. Due to the popularity of commerce among most students, many countries have brought up excellent career-related opportunities for the students in this stream, including India.
The most respectable career options in this stream are Chartered Accountant and MBA position holders. Commerce is soon becoming a new way of modern life and setting a new direction for students to lead their life in the best possible way.
Students wishing to choose commerce stream need to get themselves more acquainted with the subjects like Economics, Accountancy, Finance, Business Mathematics, Bookkeeping, etc and also develop an interest in them. In fact, Commerce as a career choice is fast gaining importance in India.
With the rapid popularity it is gaining among Indian students, Commerce provides many career opportunities for students in Chartered Accountant, Investment in Banking sectors, Insurance field, Stock market level, etc. After completion of B.Com/M.com, students should actively start enrolling for various professional courses in the specializing field of CA, CWA, CFA or MBA in Finance.
Even though the Indian economy is moving at a very slow pace, with no clear cut job opportunities in various fields, a career in commerce is still considered as a stream of choice for many students in India at large. It has been noted that most students have been successful pointing out great career opportunities which are available in our country in streams such as CA, CWA or CS and some reputed institutes like ICAI, ICSI and ICWAI have a great contribution in it.
Career options for students opting Commerce
Commerce caters to the distribution aspect of any business. What we produce must be consumed, to facilitate this consumption there exist a proper distribution channel. And, that is what commerce does by creating a market for the surplus products. It has widened up the international markets and has been equally useful in accelerating the process of exchange in domestic markets across the globe. It is already established that a good Commerce plays a tremendous role in the economic development of a country.
Commerce stream opens up lots of opportunities after junior college. Few examples are – Company Secretary-ship, Chartered Accountancy, cost accountancy, business management. Although, students can opt for chartered accountancy and cost accountancy courses after 10+2, it is wise to obtain a degree in B.com with computers first so that you can achieve your goal and make your career. It doesn’t matter which stream you select, you should put the best efforts to lead you to the path of success and make your life meaningful.
Students who obtain higher marks in the qualifying exams of these courses will have a comparatively better position to get into the course of their choice. Though, students who are more interested in working with numbers, analyzing numeric data and who aspire to make a career in financial economic and the business world are more compatible for commerce stream.
Chartered Accountancy is a widely sort after accounting profession in the corporate world. It not only offers the option of private practice opportunities to a qualified chartered accountant but also opens up the luxury of taking a job profile with a choice of our own. This kind of flexibility helps a CA student plan his/her future in commerce filed in a more structured way. This way the profession gives students to evaluate their interests and accordingly take a job in that field or have the option to start their own practice in accounting, taxation and other areas.
A student needs to enroll in The Institute of Chartered Accountants of India to appear in the first level after their class 10th. However, the students can only appear for the examination after they have appeared for the Senior Secondary Exams (12th class).
In order to help the students to get the best opportunities to succeed in this field, most recognized institutes make sure that the CA exams- all levels (CPT, PCC, Final) are all being conducted in every major city across the country, including Mumbai, Kolkata, Delhi, Bangalore, Pune, Indore and various other cities across states. The detailed list of CA examination centers can be directly obtained from the website of ICAI.
Subjects included in Commerce stream:-
- Business Economics
- Financial Accounting
- Cost Accounting
- Auditing
- Business Finance
- Business Law
- Business Communication
Students wishing to take up commerce stream should understand that this subject is not the easiest alternative as compared to science. Even though both science and commerce are complex study areas in their own ways, they cannot be compared with each other. Therefore, if a student wishes to pursue the choice of making a career in Commerce stream only because they feel that science is not a suitable stream for them, they need to rethink their priorities and their choice. Students should pursue Commerce stream only if they have an aptitude as well as an avid interest in it.
