Commerce Courses

In India, several 10th-grade aspirants opt for commerce course in their plus 12 or equivalent. Commerce stream is the study of trade and business activities such as exchange of goods and services from 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 which may prompt the market and the economy of the company.

What is Commerce?

"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 of Undergraduate and Postgraduate courses which 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 which is relevant for Commerce aspirants is that commerce stream can be categorised 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

Importance of Commerce Course

Every stream has its own importance whether it is science, arts or commerce. Same as commerce stream is beneficial for the aspirants who opt for this stream in many ways.

Commerce tries to satisfy human wants-

There is no limit of human cravings these wants are unlimited. Commerce course has made distribution and movement of goods possible from one part of the world to another.

Commerce tries to increase the standard of living-  

The standard of living refers to the quality of life enjoyed by society. People's standard of living improves when they consume more products and services. Commerce helps the society by meeting the needs of the people at the right time, right place and at the right price.

Commerce links producers and consumers-

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 the society by indulging in market research.

Commerce course generates employment opportunities

The growth of commerce industries and trade have increased the growth of various sectors such as banking, transportation, warehousing etc. These sectors require being managed by people. Thus the development of commerce helps in increase in employment opportunities in a country.

Commerce increases national income-

In a developed country, manufacturing industries and commerce together account for more than 70% of the total national income.

Commerce encourages international trade-

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.

Commerce Course benefits underdeveloped countries-

Underdeveloped countries can import skilled labour and technical know-how from developed countries and developed countries can import raw materials from underdeveloped countries. This helps in industrialization in the underdeveloped countries.

Eligibility Criteria
For Undergraduate Course

Aspirants who want to apply for Commerce UG course must pass there 10+2 with minimum 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
  • Character certificate
  • Caste certificate
  • ID proof of parents/guardian
For Postgraduate Course

Candidates must possess 12th or graduation degree with minimum 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)
  • Character certificate
  • Entrance exam marks sheets of CAT, XAT, MAT may be required
Admission Procedure

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 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 as per their convenience. Here we have listed some entrance exams for Commerce Course aspirants:

  • AIMA Under Graduate Aptitude Test (AIMA UGAT 2019)
  • Symbiosis Entrance Test (SET 2019)
  • Indraprastha University Common Entrance Test (IPU CET 2019)
  • Common Law Admission Test (CLAT 2019)
  • Law School Admission Test (LSAT 2019)
  • Common Entrance Exam for Design (CEED 2019)
Programs- Commerce Course-

Numerous program which comes under Commerce Courses is as follows.

Bachelor of Commerce Course

The undergraduate program in commerce is of three-year that comprises of 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:

  • Bachelor of Commerce (B.Com)
  • Bachelor of Business Administration (BBA)
  • Bachelor of Management Science (BMS)
  • Bachelor of Business Studies (BBS)
  • Bachelor of Hotel Management (BHM). Course duration is 3 to 4 years depending upon the college.
  • Bachelor of Economics (BE)
  • Bachelor of Finance and Accounting (BFA)
  • Bachelor of Computer Applications (BCA)
  • B.Sc. Applied Mathematics
  • B.Sc. Statistics
  • Bachelor of Journalism and Mass Media (BMM)
  • B.Sc. Animation and Multimedia
  • Bachelor of Event Management (BEM)
  • Bachelor of Fashion Design (BFD)
  • Bachelor of Elementary Education (B.El.Ed.)
  • Bachelor of Physical Education (B.P.Ed). Duration of this course is 1 Year
  • Bachelor of Social Work (BSW)
  • Integrated Law course. Duration is 5 years. It is a fusion of General Graduation course and L.L.B.
Masters of Commerce Course:

The postgraduate program in commerce is of four- years that comprises of four semesters. Scholars after completing their graduation with at least 50% marks are eligible to opt for this course. Few Masters degree program is:

  • Masters of Commerce (M.Com)
  • Masters of Finance and Control (MFC)
Diploma Courses:-

Diploma Course duration generally lasts for 2 Years.

  • Diploma in Elementary Education (D.El.Ed.)
  • Diploma in Education (DEd)

Apart from these Courses, there are 15 most prestigious courses which are opted by the aspirants. These courses are.

Chartered Accountancy (CA)

CA is the toughest exam to crack. Aspirants after completing their 12th dream of becoming a CA. Duration depends on candidates that 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 in financial transactions through auditing and creating necessary reports etc.

After becoming a C.A., 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 opens up a consultancy business.

Bachelor of Commerce (B.Com)

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. program 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 M.B.A., Vocational courses, Skill oriented courses etc. Other than that, there are numerous lucrative career opportunities for B.Com. graduates in Private and Government sectors.

Bachelor of Business Administration (BBA)

Bachelor of Business Administration is a 3 years long degree course. After completion, candidates may also follow up with an M.B.A. (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)

Bachelor of Economics (BE) is a four-year academic degree in social sciences which encompassing both qualitative and quantitative courses. Typical mandatory courses for the degree include microeconomics, macroeconomics, economic statistics, econometrics, history of economic and political economy.

Law

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 course 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 traditional L.L.B. course. For example- B.Com. and L.L.B./ B.A. and L.L.B. etc.

Company Secretary (CS) Course

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 CS course offered by ICSI, there is 3 stage program. The three programs are-

  • Foundation Program
  • Executive Program
  • Professional Program
Hospitality Diploma Courses

When it comes to Hospitality courses, the eligibility criteria is not very stern. Even 10th passed scholars may pursue Hospitality Diploma courses. But on the other side, such courses possess excellent value too.

Animation and Multimedia Courses:

Commerce stream applicants may go for an animation certificate/diploma/degree course if they are creative and have 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.

Journalism and Mass Communication Course:

When it comes to this field, Diploma, as well as Degree programs both are available for the 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.

Event Management Course:

Certificate, Diploma and Degree courses are available when it comes to Event Management course. The course duration varies between 1-3 years, depending upon the program.

Fashion Design and Technology Course:

To the thrive in this field, one needs to be creative as well have interest towards 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 diploma, the certificate as well as degree courses are available. Depending on the program, the duration of the course may be 1-4 years.

Hotel Management:

Hotel Management is a 4-year job oriented course. Course in Hotel Management is more precious degree than the hospitality diploma courses.

Bachelor of Statistics

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 Bachelor of Statistics program.

Actuarial Science:

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 (CMA):

Certified Management Accountant course is similar to CA and CS course. CMA course has three levels-

  • Foundation
  • Intermediate
  • Final

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.

Illustrious Colleges offering Commerce course:
  • Sri Ram College of Commerce, Delhi
  • St Josephs College of Commerce Autonomous, Bangalore
  • Christ College, Bangalore
  • Sri Guru Gobind Singh College of Commerce, Delhi
  • Lovely Professional University, Punjab
  • Hansraj College, Delhi
  • Manipal University (MU), Jaipur
  • Christ University, Bangalore
  • Stella Maris College, Chennai
  • Symbiosis College of Arts and Commerce (SCAC), Pune
Career and Job Outlooks

Commerce is one of the fundamental and broad fields of education among Science stream and Arts stream. 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 the 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:
  • Economics
  • Mathematics and Statistics
  • Accounting
  • Banking
  • Chartered Accountants
  • Company Secretary
  • CWA
  • Stock Broking
  • Agriculture Economics
  • Management
Some employment areas for commerce aspirants are:
  • Banks
  • Business Consultancies
  • Foreign Trade
  • Public Accounting Firms
  • Educational Institutions
  • Investment Banking
  • Industrial Houses
  • Budget Planning
  • Multinational Companies
Job profiles for Commerce graduates:
  • Budget Analyst
  • Chartered Accountant
  • Chief Financial Officer
  • Information System Manager
  • Business Consultant
  • Finance Manager
  • Production Manager
  • Management Accountant
  • Computer Programmer
  • IT Support Executive
Recruiting Companies:
  • Hindustan Computers Limited (HCL)
  • Wipro
  • Tata Consultancy Services (TCS)
  • International Business Machines (IBM)
  • Google
  • Amazon
  • Deloitte
  • Airtel
  • Axis Bank
  • Samsung
Remuneration
  • Commerce field is one of the topmost career prospects which offer handsome salary packages to deserving candidates. The structure of salary depends on the employers and the role or working field in commerce.
  • A fresher analyst can get the 10K to 15K per month while the senior one (executive or manager) can get the 30K to 50K per month after pursuing any course after 12th commerce.
  • The average salary of a Chartered Accountant in a company is around 5 lakh to 10 lakh per annum. Some of the tycoon companies offer more than 10 lakh per annum to CA.
  • By holding a good position and work experience in the respective field, one can earn beyond the limits and accomplishes his all desires.

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Date: 04 Feb 2019

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