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SEVEN BEST CAREER OPTION IN COMMERCE FIELD

23 July,2022  |  By Brainwonders

SEVEN BEST CAREER OPTION IN COMMERCE

1. B.COM

It often known as a Bachelor of Commerce degree, is one of the most common degrees pursued by commerce students. In fact, B.Com students make up around half of all commerce students. B.Com is not only one of the most prestigious commerce courses available after completing the 12th grade, but it is also one of the most prestigious professional courses. 

Accounting, statistics, management, human resource management, computer science, and economics are just some of the topics that are covered over the course of this three-year degree programme. You can rapidly get admission to one of the many universities or institutions that offer this degree if you have good grades on the standardised tests that you took in classes 10th and 12th.

The Best Colleges and Universities That Offer B.Com

The following is a list of colleges that now offer Bachelor of Commerce degree programmes that can be completed entirely online for the benefit of working professionals and other individuals who are unable to participate in traditional educational settings:

The average cost of an online Bachelor of Commerce degree is INR 18,000 per semester. This degree is provided by a variety of colleges, therefore the cost of an online Bachelor of Commerce degree varies. 

The Typical Income of an Online Bachelor of Commerce

Students who successfully complete the programme will be qualified to apply for the following job positions, which together with their typical wages are listed below:

Job Positions Average Salary
Chartered Accountancy Rs. 4-10 LPA
Company Secretary Rs. 6 LPA
Financial Analyst Rs. 5 LPA
Tax Consultant  Rs. 60,000-4 LPA
Auditor Rs. 5 LPA
Stock Broker Rs. 4-7 LPA 
Accountant Rs. 4,80,000-5,76,000 per annum

2. Chartered Accountancy

Students who have completed their 12th grade education are eligible to enrol in this professional programme. The Chartered Accountant (CA) programme is one of the most well-known and prestigious professional paths available to students of commerce, and it features a number of different levels. On the other hand, it is not a degree programme, and you are required to work toward another degree in conjunction with the programme. You should consider getting a Bachelor of Commerce degree in addition to getting your Certified Public Accountant certification since the B.Com will help you build a stronger accounting foundation.

This program's level of difficulty is significantly higher than that of other similar programmes by a significant margin. This course will cover a variety of topics, including but not limited to the following: accounting, cost accounting and financial management, advanced accounting, taxation, auditing and assurance, business laws, ethics and communication, and information technology.

Qualifications: Completion of 12th Commerce or Graduation

  • The Typical Cost of an Education to Become a Chartered Accountant

Foundation, Intermediate, and Final are the three stages that must be completed to become a Chartered Accountant. The average cost of the CA foundation level, which includes registration and the prospectus, is Rs. 10,000; the cost of the intermediate level, which applies to both groups, is Rs. 18,000; and the cost of the final level, which applies to both groups, is Rs. 22,000.

  • The Typical Annual Income of a Chartered Accountant

The wage range for a Chartered Accountant (CA) is typically between four and ten lakh rupees per annum (LPA), but this range can significantly expand with experience. After a sufficient amount of time in the field, a chartered accountant can easily make between Rs. 40 and 60 LPA.

3. Bachelor of Economics

When they are in school, economics is without a doubt the topic that each and every other student of business enjoys learning the most. One of the professional courses that students can choose after completing their 12th year of education, a Bachelor's in Economics is a very lucrative alternative. Learners who have an interest in economics and who want to develop knowledge and abilities in comprehending the subject's fundamental concepts and principles should strongly consider selecting this desirable course of action. The fact that topics such as microeconomics and macroeconomics, econometrics, statistics, the history of economics, political economy, and other economics-related topics are taught in this course helps to ensure its status as one of the most promising career paths in the business sector.

The Best Colleges and Universities That Offer a Bachelor's Degree in Economics
  • The Jamia Millia Islamia
  •  University of the Christ
  • The Delhi Technological University, also known as DTU
  •  Aligarh Muslim University
  • University of Manipal
  • University of Jaipur
  • University of Delhi
The Typical Cost of Earning a Bachelor's Degree in Economics

The tuition for a bachelor's degree in Economics typically ranges between Rs. 50,000 and Rs. 1 lakh on average. You may also find out everything there is to know about the colleges and universities that are now offering Bachelor of Economics degrees, including the tuition costs.

The Typical Annual Income for Jobs Requiring a Bachelor's Degree in Economics

Banker: Rs. 3-8.5 LPA 

Market Analyst: Rs. 8-11 LPA

 Economist: Rs. 9-29 LPA Average 

Salary Finance and Budget Analyst: Rs. 5-12 LPA 

Economist: Rs. 9-29 LPA 

4. Bachelor of Business Administration

Seventy percent of students with a foundation in commerce who complete their secondary education move on to take management classes that prepare them for careers in a variety of business management specialisations. BBA is one of the most prevalent alternatives for students who are interested in gaining expertise in the fundamentals of business administration and getting management training after they have completed their 12th grade education.

Many individuals decide to pursue a Bachelor of Business Administration degree after completing their 12th grade education and majoring in commerce. The programme is an undergraduate degree that lasts for three years and is designed to give students a grounding in the principles of business as well as administration.

However, you can pursue this course in a variety of specialities as well. However, the general BBA offers up a myriad of alternatives for you, allowing you to quickly explore a variety of sectors. Students who are unable to pursue their higher education in the regular mode owing to a lack of resources can simply do so via online and distance mode. The Bachelor of Business Administration is available to be pursued in both the regular and the distance mode.

Commerce students in their twelfth year are eligible to apply.

Top Business Schools That Offer a Bachelor of Business Administration

You can earn a Bachelor of Business Administration degree from one of the following top management colleges even if you choose to do so through an online or distance learning programme:

An online Bachelor of Business Administration degree from one of the world's best management universities would set you back approximately Rs. 25,000 in tuition and fees each semester. On the website of College Vidya Compare, you will get information about the tuition costs associated with the Bachelor of Business Administration programme that is provided by a variety of universities. 

Average Salary

  • Marketing/Sales Executive Rs. 3–5 Lacs Per Annum (LPA) 
  • Human Resource Manager Rs. 8–18 Lacs Per Annum (LPA) 
  • Market Research Analyst Rs. 5–9 Lacs Per Annum (LPA) 
  • Business Development Executive Rs. 3–5 Lacs Per Annum (LPA) 
  • Management Trainee Rs. 6–13 Lacs Per Annum (LPA) 
  • Financial Analyst Rs. 5–11 Lacs Per Annum (LPA)
  •  Operations Analyst Rs. 4–8 Lacs (LPA)

5. Information technology 

This industry is one of the industries that is developing at one of the fastest rates, and positions in this sector pay a significant amount of money. Therefore, enrolling in technical courses in order to break into industries such as Data Science, Machine Learning, AI, and so on is a choice that is not only very profitable but also incredibly astute.

The information technology industry is rapidly growing, and as a direct result, the demand for college graduates with a BCA degree is skyrocketing. Opportunities for employment are plentiful in both the public and commercial sectors for graduates of the Bachelor of Computer Applications programme. Students at the undergraduate level who are interested in learning about computer programming languages often enrol in BCA, which is a required subject. Students enrolled in BCA take a wide array of classes, one of which being programming in the C language

It will take you three years to finish the programme, but by the end, you will have an in-depth understanding of the fundamentals of computers, operating systems, multimedia systems, and other related topics.

Commerce students in their twelfth year are eligible to apply.

The Best Colleges and Universities That Offer BCA

There is a large number of educational institutions that provide Bachelor of Computer Applications programmes in both traditional and online formats. For students who are unable to participate in traditional schooling, the following list of universities offers BBA programmes that can be completed entirely online:

  • Chandigarh University 
  • JECRC 
  • Amity University 
  • Amrita Vishwavidyapeetham
  •  LPU 
  • ICFAI 

The Typical Tuition Costs of an Online Bachelor of Computer Applications Degree Program

The tuition for a Bachelor of Computer Applications programme that is taken entirely online costs approximately Rs. 20,000 per semester. You can get all the information you need about the colleges and institutions that offer BCA at College Vidya, including the costs of the classes.

The Bachelor in Computer Applications degree can lead to a variety of career profiles in the information technology industry, each offering a high pay package. The table below contains information about probable career profiles after BCA as well as the average pay packages associated with such job profiles.

The Typical Payscale

Data Scientist: Rs. 10–23 lakhs per annum 

Software Developer: Rs. 6–15 lakhs per annum 

Technical Support: Rs. 3–7 lakhs per annum 

IT Analyst: Rs. 7–10 lakhs per annum 

Web Developer: Rs. 2,40,000–6,50,000 per annum

Computer Support Service Specialist - Rs. 7 LPA

Junior Analyst - Rs. 4-10 LPA 

6. Journalism as well as other forms of mass communication

Those who are enthusiastic about both the media and making connections can choose a career in journalism or mass communication. You will have a lot of opportunities to practise and get expertise in public speaking if you go into this line of work. Students can complete their bachelor's degree in Journalism and Mass Communication in three years if they choose to do so. Students who are interested in a career in the media industry, whether it be in print or digital media for the creation and delivery of content, are encouraged to enrol in this class. This curriculum will test your abilities and provide you with an education in a variety of topics including event management, public relations and corporate communication, media and Indian politics, and more. It will take place over the course of three years.

Commerce students in their twelfth year are eligible to apply.

Leading Educational Institutions in the Fields of Journalism and Mass Communication
  • Institution of Indian Studies and Mass Communication (only PG diploma courses)
  • The Amity University
  • The University of Delhi
  • The Christ University 
  • Symbiosis Institute of Media & Communications 

Cost of Education Relatively Speaking for Journalism and Other Forms of Mass Communication Programs.The tuition for a Bachelor of Arts in Journalism and Mass Communication often ranges anywhere from 45,000 to 150,000 rupees on average.

The Typical Income of Those Working in Journalism and Other Forms of Mass Communication

Students who choose to specialise in Journalism and Mass Communication might increase their employment opportunities in the publishing and media industries. The following table provides an overview of various prospective job profiles, along with an average salary for each position.

Job Descriptions and an Average Annual Wage

News Anchor for the LPA: Rs. 1.5-3 

TV Correspondent: Rs. 6-10 LPA

 Public Relations Officer: Rs. 3-12 LPA: 

Radio Jockey (RJ) annual salary between Rs. 3,70,000 and Rs. 7,28,000

Sound Correspondent Rupees 6-10 LPA 

7. Accredited Personal Financial Consultant

This professional degree, which is widely recognised as being among the most prestigious careers in the field of business, is overseen and supervised by the Financial Planning Standards Board India (FPSB). Students who are interested in topics related to financial planning can take the courses in order to receive certification and recognition of their experience and knowledge in areas such as financial planning and taxation, retirement, insurance, and estate planning. The CFP programme is widely regarded as one of the most prominent professional training programmes available in the field of business.

Commerce students in their twelfth year are eligible to apply.

The Typical Income of a Certified Planner in India (in Indian Rupees)

The annual compensation for a certified planner in India is INR 4LPA, however this number has the potential to skyrocket after a certain amount of time has been spent working in the industry.

Students can become Certified Financial Planners or wealth advisors after obtaining certification in financial planning and taxation. Certification is required for both careers. The range of Rs. 5-13 LPA represents the typical wage range for a qualified financial planner or wealth counsellor.

Why Traditional Education Should Not Replace Online Education and the Benefits of Doing 

So Once upon a time, students were incapable of considering anything more appealing than their regularly scheduled classes, but times have changed. Many students and working professionals have benefited greatly from the availability of online and distance learning opportunities. 

People today like to work while they study, and this method of education can provide you with a number of advantages, including the following:

  • The ability to study whenever and wherever you choose with the assistance of recorded as well as live online lectures provides for greater flexibility in education.
  • Provides an Affordable Option: When compared to traditional classes, online learning programmes are far more cost-effective; as a result, working professionals are able to easily pay their tuition without depleting their savings completely.
  • Learning Through Innovation: The delivery of online lectures and the submission of online assignments both require the utilisation of various learning innovations. 
  • Students learn not only how to use the most recent meeting software but also other abilities that will assist them in the future when they are in charge of corporate gatherings as a result of this method.

Average Fees & Average Salary of Top Course

Courses  Average Total Fees Average Salary
Bachelor of Commerce Rs. 1,00,000 10-13 LPA
Bachelor of Economics Rs. 50,000-1,00,000 10-11 LPA
BBA in Human Resource Rs. 1,50,000 5-10 LPA
BCA Rs. 1,20,000 3-10 LPA
BBA Rs. 1,50,000 3-8 LPA
Bachelor’s in Journalism and Mass Communication Rs. 1,50,000 3-6 LPA

 

Conclusion

After finishing 12th in the commerce stream students can open up a myriad of alternatives for in commerce, humanities, and management areas. In the blog, you may check the greatest feasible career possibilities that will aid you in your future pursuits. You will also obtain the details on universities to further your study and the potential career or job choices after the programme. Pursuing higher education in the relevant discipline is the initial step toward a career. You can get the training you need to do what you want to do at some of the best educational institutions in the world. 

So, tell me, what exactly are you anticipating?

Get in touch with our team of knowledgeable Educational counsellors at Brainwonders to learn more about pursuing career in Commerec

 and schedule a no-cost consultation appointment right away. To know more about the Careers, you must read our site, The Careers Hub.

Confused about which Course to choose after 10th and 12th?

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