Many students and parents think the Commerce stream is only suited for not-so-smart students. When compared to other, stream Science is generally for those students who are excellent and technical/doctor profession in mind. Arts or Humanities is for those who are interested in theoretical study and performing arts. It is a general concept of us, and this concept is changing nowadays.
There are a wide array of subjects, specialization, and study options available for commerce students. Let us discuss what those are:
What are the various Degree level programs?
1) B.Com: B.Com stands for Bachelor of Commerce. It is a degree level course after class 12th. It is a top-rated degree level course for commerce background students.
2) BBA/BMS: If management or MBA is your target after graduation, then BBA/BMS is the best option after 12th pass commerce. The Bachelor of Business Administrator (BBA) or the Bachelor of Mangement Studies (BMS) is degree level courses that are designed to the world management education.
3) BA+LLB: If you are interested in Law or legal studies, an integrated five-year course would be perfect for you. This is another interesting study for commerce students, who want to specialize in law
4) BBA+LLB: The BBA+LLB course is also an integrated course which covers graduate-level management course as well as legal studies. Students who want to join corporate houses as legal consultants should take up this course
5) BCA: Computer and technology have come to our day to day life. Therefore Bachelor of Computer Application can be the right way to start a bright career ahead. BCA course is a three-year degree level program. Commerce students who have Mathematics as one of the subjects in high school can take admission for BCA course
What are the different Professional courses for commerce students?
1) Chartered Accountancy (CA): This course is offered by the Institute of Chartered Accountants of India (ICAI). CA is the most popular professional courses among commerce students. It provides several career opportunities starting from self-employment or self-practice or employment in major Indian and multi-national companies, local and foreign banks, and audit firms.
2) Company Secretary: Company Secretary is another popular professional course for commerce students. The course is offered by the Institute of Company Secretaries of India (ICSI) in three-stage examination format
a) Foundation Programme
b) Executive Programme
c) Professional Programme
3) Cost & Management Accountant (CMA): It is a course conducted by the Institute of Cost Accountants of India. This course is divided into three stages:
Many large companies, industries, and corporations hire CMA to manage the cost of production or operational costs.
4) Certified Financial Planner (CFP): If personal finance and wealth management is your interest, then CFP should be your right career choice. To become a Certified Financial Planner, students have to get a certificate from the Financial Planning Standards Board of India (FPSI). The course is spread across six modules. The modules include:
a) Introduction to Financial Planning
b) Risk Analysis & Insurance Planning
c) Retirement Planning & Employee Benefits
d) Investment Planning
e) Tax Planning & Estate Planning
f) Advance Financial Planning