Best Career Options for Commerce Students

Commerce is a sector that has a wide range of opportunities. Students need to choose a career option that provides good scope in the future while developing interest among students. Various career options for commerce students are available through their courses. Due to the wide variety of careers, the students are more confused regarding the career option to choose after the 12th commerce stream. 

Selecting a career option is one of the significant decisions, but choosing a career could make wisely. Some of the best career options for commerce are: 

Chartered Accountant (CA)

A Chartered Accountant (CA) is one of the most popular and best career options for commerce students. To become a CA, a series of examinations, internships, and additional qualifications give an easy career path for students. Students with a commerce background will most likely get into a Chartered Accountancy course. 

A CA handles company accounts and finances to maintain records and protect an organization from an unpredictable and uncertain business environment. Therefore the role of CA is one of the most critical roles in an organization. It is one of the most paid jobs in India. CA is not an easy position to achieve. Students who want to pursue a career as chartered accountant needs immense hard work and practice. This course includes taxation, auditing, financial management, and accounting. 

Investment Banker 

Commerce is all about dealing with numbers and finances. Investment banking is one of the best career options for commerce students. An investment banker plays a significant role in a business or organization. So they give advice or suggestions to the organization on investment, money, or savings. 

The primary responsibility of an investment banker is to provide financial recommendations to help organizations optimally use their resources and reach their goals. You must need good financial assets and investment knowledge as an investment banker. Analysts, associates etc., are some of the various roles of an investment banker. 

Investment bankers need to be updated since they need to monitor the constantly changing market, either upward or downward. They help organizations to make decisions regarding investment to increase the value of their assets. Investment banker payscale is also high. They can earn a salary of approximately 26lakh rupees per annum. 

Cost and Management Accountant (CMA)

A Cost and Management Accountant (CMA) can provide professional services in investment planning, profit management and overall managerial functions of a business or organization. They are responsible for the financial analysis of an organization. The Cost and Management Accountant provides financial information and resources to the company managers. Also, they help in the decision-making process of a firm. 

CMAs must have strong communication, interpersonal, analytical, logical and technological skills. They are responsible for developing cost standards for materials and labour. They implement and design a cost accounting system. CMA professionals have a high salary.

Banking

Banking is the backbone of a country’s economy. It is one of the most common and demanding careers. Job opportunities in the banking sector are also increasing. Banking offers many vacancies in both the public and private sectors. Banking professionals must need suitable qualifications, knowledge and skills. Students with a commerce background will always prefer to get into the banking sector. 

A convenient job with a good salary and high social acceptance is a major attraction of the banking sector. The banking job market is continuously growing. Therefore, there is a wide range of job opportunities.

Certified Financial Planner (CFP)

Financial planners help improve the improvement of the financial health of an organization. They act as the organization’s planning partner and educator. Also, they help the business to meet its short-term and long-term plans. It is one of the most critical career options for commerce students. 

A financial planner is responsible for making financial decisions, strategizing tax issues, savings, budgeting, and evaluating the current and future situations of the organization. The primary responsibility of financial planners is to get a complete picture of assets, liabilities, income, and expenses through analysis and interpretation of the data available. A financial planner must need good skills in the commerce field. 

The Financial Planning Standards Board India (FPSB) organises and oversees this professional programme, which is regarded as one of the top careers in business. The courses certify and recognise knowledge and skill in areas including financial planning and taxation, retirement, insurance, and estate planning for students who have an interest in those subjects. One of the best professional programmes in the sector of business is CFP.

Company Secretary

Company Secretaries have the principal position in an organization. They keep records of tax returns, keep returns, advise the board of directors and make sure the company works within legal and ethical compliances. Also, they act as mediators between different company stakeholders such as the shareholders, government, board of directors, etc. They provide training and education to aspirants.

A Company Secretary is a career with many opportunities and an expected salary of 6-7 lakhs per annum. To pursue a career as a company secretary, you must have good knowledge of company law, planning skills, command of the language etc. to become a company secretary candidate has to complete three levels of examination under ICSI. 

Financial Controller

When commerce graduates advance to the position of financial controller, they have the chance to oversee the company’s accounting and finance division after earning a wealth of knowledge and expertise in that position. Financial controllers are accountable for assessing, managing, and even coordinating audit procedures across a range of financial risks. They assist organisations with a variety of financial tasks, including forecasting, budgeting, maintaining financial stability, and dealing with tax issues. Financial controllers manage financial data and file taxes while adhering to federal and state requirements.

Compliance Officer

Your job as a compliance officer is to handle legal hazards. You make sure that the business you work for stays out of needless and challenging lawsuits. The organization’s compliance with numerous internal bylaws and rules will also be monitored by a compliant officer. The compliance office is charged with developing and overseeing the organization’s rules and successfully managing audits pertaining to compliance. They collaborate with both federal and state regulators in this regard.

Final Thoughts

These are the best career possibilities for commerce students to earn high-paying commerce stream employment if you were thinking what to do after 12th grade commerce or looking for IT courses after 12th grade commerce. Students frequently struggle to choose the right curriculum for their professional goals. There are many options for courses following 12th grade commerce, but making the appropriate decision is crucial.

The selection of IT or business courses available after the 12th grade is acceptable. With a wide range of possibilities in Accounting, Finance, Engineering, Marketing, or Business Administration, you should first focus on your interests plus two commerce courses, choose your career route, and then pick the best commerce career that fits in with your future plans.

Commerce is a sector with tremendous opportunities. There are many careers available for those who have a commerce background. Options are plenty but choosing the right one is the crucial part. Finprov Learning is a leading provider of accounting and finance courses for those with a commerce background. Study with Finprov and make a great career.