Update on 06 Dec, 2023
5 min read
In India, several 10th-grade aspirants opt for commerce streams in their plus 12 or equivalent. The Commerce stream is the study of trade and business activities such as the exchange of goods and services from the producer to the ultimate consumer.
Commerce course provides various subjects such as business studies, accountancy, economics, etc. Several scholars study commerce as it provides a variety of career opportunities. Learners can also study more advanced commerce courses at the undergraduate and postgraduate levels. Commerce is the only backbone that may prompt the market and the economy of the company.
"Commerce is that part of a business which is concerned with the exchange of goods and services and includes all those activities which directly or indirectly will facilitate that exchange." The Commerce study generally encompasses elementary banking and accountancy, general commercial knowledge.
Some other education also includes theoretical economics including money and exchange. The main part of the course is devoted to subjects like Business Organisation, Commercial Geography, Secretarial Practice, Commercial Statistics, and Mercantile Law, Accountancy /Banking /Transport.
There are lucrative employment opportunities after completing the course. Plenty number of candidates are offered positions, through campus recruitment, even before their results are declared. Career opportunities are ample in the fields of banking, finance, general management, civil services, and academics.
There are numerous Undergraduate and Postgraduate courses that can be pursued by the applicants after completing 12th from the recognized educational board. The Eligibility Criteria for both UG/PG Course is different from each other.
Another point that is relevant for Commerce aspirants is that the commerce stream can be categorized into two groups.
|Commerce with Mathematics||Commerce without Mathematics|
|Accountancy, Business Studies, Economics, and Mathematics||Accountancy, Business Studies, Economics, and Computer Science/Political Science/Hindi/Sociology/Physical Education|
Production of every product is meant for ultimate consumption. Commerce course plays a significant role in linking producers and consumers through wholesalers, retailers, and aids to trade such as transportation, warehousing, advertisements, Banking, Insurance, etc. Consumers can get to know every detail of the product without a struggle. The manufacturers can easily find out the latest trends followed by society by indulging in market research.
With the help of transport and communication, companies can exchange their surplus commodities with other countries and earn foreign currency, which is required to import the latest technologies and machines to ensure faster economic growth.
Underdeveloped countries can import skilled labor and technical know-how from developed countries and developed countries can import raw materials from underdeveloped countries. This helps in industrialization in underdeveloped countries.
For Undergraduate Course
Aspirants who want to apply for the Commerce UG course must pass their 10+2 with a minimum of 45% of marks from a recognized educational board.
Some documents needed to do an undergraduate degree in commerce in India:
10th and 12th marks card
ID proof of parents/guardian
For Postgraduate Course
Candidates must possess a 12th or graduation degree with a minimum of 50% of marks from university/college.
Some documents needed to do a postgraduate degree in commerce in India:
Any bachelors degree
Migration Certificate (if applicable)
Numerous colleges offer admissions to the learners on the basis of merit for B.Com or BBA courses after 12th commerce. The merit list is prepared on the basis of marks obtained in the 12th or equivalent exam.
Some other colleges and universities provide admissions to learners through national, state, or university-level entrance exams. Applicants can appear in the entrance test at their convenience.
Here we have listed some entrance exams for Commerce Course aspirants:
The undergraduate program in commerce is of three-year that comprises six semesters. Scholars after completing 10+2 (from commerce stream) with at least 50% marks are eligible to opt for this course.
Few Bachelor degree program is:
The postgraduate program in commerce is for four years that comprises four semesters. Scholars after completing their graduation with at least 50% marks are eligible to opt for this course.
Few Masters degree program is:
Apart from these Courses, there are 15 most prestigious courses which are opted by the aspirants. These courses are as follows:
CA is the toughest exam to crack. Aspirants after completing their 12th dream of becoming a CA. Duration depends on the candidate and how he is undergoing the training process and clear exams. The job of a C.A. is to see to the financial affairs of businesses and companies in accordance with the laws set by Government authorities.
CA tasks include looking into tax affairs, seeking financial transactions through auditing and creating necessary reports, etc.
After becoming a CA one may take up positions related to the Finance department in Private as well as Government companies. After gaining experience he may also start working independently and also open up a consultancy business.
This is a course that is most opted by the aspirants after 12th and there are numerous reasons why this course is so popular. Initially, the level of academic difficulty associated with this course is not too high. That means it is relatively easy to go through B.Com Course and obtain a Degree.
Another advantage is that it allows learners to venture into other fields also. After completing this course one may go for other job-oriented courses such as MBA, Vocational courses, Skill-oriented courses, etc. Other than that, there are numerous lucrative career opportunities for B.Com. graduates in the Private and Government sectors.
Bachelor of Business Administration is a 3 years long degree course. After completion, candidates may also follow up with an MBA (Master of Business Administration) Degree too. Jobs are available for BBA graduates in the government sector and private sector as well. Many MNCs recruit talented BBA. graduates to deal with management and finance-related issues.
Bachelor of Economics (BE) is a four-year academic degree in social sciences that encompasses both qualitative and quantitative courses. Typical mandatory courses for the degree include microeconomics, macroeconomics, economic statistics, econometrics, history of economic and political economy.
Usually, only graduates are allowed to pursue L.L.B but with emerging of the new rule, it is possible for 12th Commerce scholars to pursue Law courses from Law schools after schooling. But to do so, they will have to select an integrated Law course these integrated courses last for 5 years which are the combination of a Degree course and a traditional L.L.B. course. For example- B.Com. and L.L.B./ B.A. and L.L.B. etc.
Every company needs a Company Secretary so that his organization function properly and to become a C.S., one has to appear for Company Secretaryship course and clear the exams associated with the course. For the selection in the CS course offered by ICSI, there is 3 stage program. The three programs are:
When it comes to Hospitality courses, the eligibility criteria are not very stern. Even 10th passed scholars may pursue Hospitality Diploma courses. But on the other side, such courses possess excellent value too.
Commerce stream applicants may go for an animation certificate/diploma/degree course if they are creative and have the skills to create something new. There are ample job opportunities available in the animation field. Duration of the animation courses may last for 6 months to 3 years depending upon the nature of the course.
When it comes to this field, Diploma, as well as Degree programs both are available for interested applicants. The duration of these courses is in between 2 to 3 years. Talking about job opportunities, one may get jobs in both print as well as digital media.
Certificate, Diploma, and Degree courses are available when it comes to Event Management courses. The course duration varies between 1-3 years, depending upon the program.
To thrive in this field, one needs to be creative as well as have an interest in fashion and designing. This is a vast field. There are different sections within this field such as apparel designing, accessories designing, etc. Numerous programs such as diplomas, certificates as well as degree courses are available. Depending on the program, the duration of the course maybe 1-4 years.
Hotel Management is a 4-year job-oriented course. Course in Hotel Management is a more precious degree than the hospitality diploma courses.
The Bachelor of Statistics program is suitable for those who are interested in mathematics and love playing around with data and numbers. Indian Statistical Institute (ISI) is a very reputed institute from where aspirants may pursue a Bachelor of Statistics program.
Actuarial Science is a course that uses mathematics and statistics that determine the risk in sectors like insurance, finance, and other relevant fields. The course consists of Four stages: Core Application Stage, Specialist Technical Stage, and Specialist Application stage.
Certified Management Accountant course is similar to CA and CS course.
CMA course has three levels:
12th standard passed learners may take the first step - Foundation level and start CMA course. Course duration depends on aptitude. Generally, this course can be accomplished within 2-3 years.
Commerce is one of the fundamental and broad fields of education among the Science stream and Arts Courses. Aspirants can join the government sectors or the private sectors. Some influential industries where commerce graduates can find jobs are Banking, Accounts, Insurance, Management, Investments, and many others.
One can be a part of the corporate world as an analyst, executive, banker, Sr. executive, or manager. There is a big full of lucrative job opportunities for professionals in the commercial field.
Among all these fields aspirants can choose one as per the specialization of degree:
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