The Commerce stream has a sea of options and opportunities for those who want to make their career and achieve their goals in life. Students who are studying in this stream have an intellectual look towards the outside world. This career is full of hard challenges and practical facts. It provides numerous career options in the lives of students. Most of the students opt for this stream because they all want to put their best foot forward in business and follow its strategies. At present, commerce is becoming very relevant and popular among all the students, which is the major reason that various countries are bringing excellent career-related opportunities to this stream.
On the other hand, the most respectable and useful career option in this stream is for chartered accountants and MBA position holders. Well, commerce is like a new way of modern life or a new direction for students to lead their lives in the best possible way. It is the most operational, functional, and systematic part of the business.
Students who wish to choose commerce as a subject stream should involve themselves completely and constantly and also have an interest in subjects like Economics, Accountancy, Finance, Bookkeeping, Secretarial practice, Business mathematics, Commerce, etc. Commerce as a subject has been rapidly gaining importance as a career choice in India.
It has been observed that the commerce stream is gaining popularity at a rapid speed. It also offers many career options for students, such as Chartered Accountants, investment in banking sectors, insurance fields, stock market level, and so on. After graduating from a commerce stream such as B.Com or M.Com, students should seriously consider enrolling in various professional courses under important streams such as CA, CWA, CFA, or MBA in Finance, among others.
As we all know, at present, the economy of our country is moving at a very slow pace with no clear-cut moves and directions, but despite this fact, a career in the commerce stream is still considered a stream of choice by students at a large medium. It has been proved as a plus point for career opportunities which are available in our country in the finance stream, such as CA, CWA, or Company Secretary, from the respective institutes like ICAI, ICSI, and ICWAI.
Career Options for Students in the Commerce Stream
Under this stream, students have to study subjects like Economics, Mathematics, Accountancy, Book Keeping, Commerce, International or Foreign Trade, etc. There are also several competitive examinations which have to be taken after school, such as:-
C.S. Foundation Course
C.A. Foundation Course
ICWA, Foundation Course
The National Defence Academy
LAW ENTRY EXAM
Commerce also creates markets for surplus products. It does not only open up international markets nowadays; in fact, it is also equally useful in accelerating the process of exchange in domestic markets. It is truly believed that commerce plays a tremendous role in the economic development of a country.
Another important fact which is known is that transport, advertisement, finance, insurance, warehousing, and salesmanship are the major commercial tools which are almost essential for the promotion of trade. In this stream, the most important and active thought is that which requires never-ending efforts to adopt economic activities to change existing conditions in the most useful and positive manner.
The Commerce stream opens up a variety of options after the 10+2 stage. Some examples are as follows: company secretaryship, chartered accountancy, cost accountancy, business management, and computers. Although chartered accountancy, cost accountancy, or company secretary-ship courses can be taken up after 10 + 2 (after completing the Foundation Courses). It may, therefore, be wise to obtain the basic B.Com degree first with computers so that you can achieve your goal and start your career. Whatever path you choose, you should put forth your best efforts, which will undoubtedly lead to success and make your life more meaningful.
Obtaining high marks in the qualifying exams will put you in a comparatively better position to get into the course of your choice after the 10 + 2 level, which will take your career to a high level. On the other hand, students who are interested in working with numbers, analyzing numeric data, and who aspire to have a career in the financial-economical and business world are ideally compatible and suitable for the commerce stream.
Chartered Accountancy is one of the most widely accepted accounting professions in the corporate world, offering qualified chartered accountants not only private practice opportunities but also the opportunity to take on a job with a profile of our own. Such flexibility allows a CA student to plan his or her career options in a more structured manner because the profession allows him or her to evaluate his or her interest areas and accordingly take up a job in the related field, or else he or has the option to start his or her own practise in accounting, taxation, and other related areas.
To begin with, a student needs to enrol with The Institute of Chartered Accountants of India (ICAI) to appear in the first level, i.e., the Common Proficiency Test, also known as the CPT test, after 10 classes. Students can, however, appear for the CPT examination only after they have appeared for their Senior Secondary Examination (10+2).
To facilitate students at large, the good and recognized institutes make every attempt to make sure that the CA exams are conducted in all major cities across India, which includes Kolkata, Mumbai, Delhi, Chennai, Bangalore, Pune, Hyderabad, Patna, Indore and various other cities and towns across India. A detailed listing of all centres for the CA examinations can be obtained directly from the website of ICAI or by contacting the Institute.