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Commerce As A Career

Commerce As A Career

Summary

Commerce related careers are a backbone to all other careers, which take care of the functional processes of an organization in terms of accounting, finance, banking, auditing, taxation, and various other tasks. To pursue this field, an individual requires to have an inclination towards the affairs of corporate finance and/or stock markets as well as inner financing. The growing Indian Economy is opening immense opportunities in the Commerce field particularly in sectors like accountancy, business administration, e-commerce, taxation as well as international economics. Also with the liberalization, Indian economy has opened up capital market for foreign investors along with domestic investors. Many employment opportunities have been generated for individuals in the field due to the heavy flow of capital into the capital markets.

How to Pursue a Career in Commerce

StreamGraduationAfter GraduationAfter Post Graduation
Path 1
Clear Class XII in Any (preferably Commerce) StreamPursue B.Com/B.Com(H)/BBA/BMS/BBI for 3 yearsPursue M.Com/ MBA for 2 years-
Path 2
Clear Class XII in Any (preferably Commerce) StreamPursue Integrated Graduation program in Management for 5 years--
Path 3
Clear Class XII in Any StreamPursue B.Com/B.Com (H) (regular or correspondence) + Exams of CA- CPT, IPCC, FINAL and CA Articleship for 3 years CFA- Level I, Level II & Level IIIM.Com/MBA (regular or correspondence) for 2 years-

Important Facts

  • Most colleges have an eligibility criteria of minimum 50% aggregate marks in Class XII
  • Some Colleges/University also have an age limit.
  • English and Maths are mandatory subjects in some colleges.
  • For CFA, one should be in the final year of your bachelor's degree program at the time of registration or have four years of professional work experience (does not have to be investment related) or have a combination of professional work and college experience that totals at least four years.

Leading Institutes

Top Commerce Institutes in India
CollegeLocationWebsite
Shri Ram College of CommerceNew Delhiwww.srcc.edu/ 
Lady Shri Ram College for WomenNew Delhiwww.lsr.edu.in/ 
Loyola CollegeChennaiwww.loyolacollege.edu/ 
Christ UniversityBangalorewww.christuniversity.in/ 
Hindu CollegeNew Delhiwww.hinducollege.org/ 
Hansraj CollegeNew Delhiwww.hansrajcollege.co.in/ 
Stella Maris CollegeChennaiwww.stellamariscollege.org/
Symbiosis Society's College of Arts & CommercePunewww.symbiosiscollege.edu.in/
St. Joseph's College of CommerceBangalorewww.sjcc.edu.in/ 
Mithibai Arts Chauhan InstituteMumbaiwww.mithibai.ac.in/ 
Sri Guru Gobind Singh College of CommerceNew Delhiwww.sggscc.ac.in/ 
Sri Venkateshwara CollegeNew Delhiwww.svc.ac.in/ 
Jesus & Mary CollegeNew Delhiwww.jmc.ac.in/ 
Goswami Ganesh Dutta Sanatan Dharma CollegeChandigarhwww.ggdsd.ac.in/ 
Ethiraj College for WomenChennaiwww.ethirajcollege.in/ 
St. Wilfred's CollegeJaipur, Mumbai, ajmerwww.stwilfreds.com/ 
KPB Hinduja CollegeMumbaiwww.hindujacollege.in/ 
National Degree CollegeBangalorewww.ncbgudi.com/ 
Women's Christian CollegeCalcuttawww.wcc.edu.in/
Sacred Heart CollegeKochiwww.shcollege.ac.in/Home 
Shaheed Bhagat Singh CollegeNew Delhiwww.sbsc.in/ 
Delhi College of Arts & CommerceNew Delhiwww.dcac.du.ac.in/ 
Seshadripuran CollegeBangalorewww.spmcollege.ac.in/ 
Indian Institute of Management & CommerceHyderabadwww.iimchyderabad.com/ 
JD Birla InstituteKolkatawww.jdbikolkata.in/ 
Gargi CollegeNew Delhiwww.gargi.du.ac.in/ 
Shri Shikshayatan CollegeKolkatawww.shrishikshayatancollege.org/
SGBT Khalsa CollegeDelhiwww.sgtbkhalsadu.ac.in/ 
DAV CollegeChandigarhwww.davchd.com/ 
HL College of CommerceAhmedabadwww.hlcollege.edu/ 
MOP Vaishnav College for WomenChennaiwww.mopvc.edu.in/ 
St Joseph Degree and PG collegeHyderabadwww.josephscollege.ac.in/index.html 
Delhi School of EconomicsNew Delhiwww.econdse.org 
Narsee Monjee College of Commerce & EconomicsMumbaiwww.nmcollege.in/ 
St. Andrews College of Arts, Science & CommerceMumbaiwww.standrewscollege.ac.in/
Mount Carmel CollegeBangalorewww.mountcarmelcollegeblr.co.in/ 
Stella Maris CollegeChennaiwww.stellamariscollege.org/
Mahatma Gandhi Kashi VidyapeethVaranasiwww.mgkvp.ac.in/ 
Symbiosis PunePunewww.scmspune.ac.in/bba-course.php 
Xaviers CollegeMumbaiwww.xaviers.edu/main/ 
Top Commerce Institutes in the World
InstitutionLocationWebsite
London Business SchoolUnited Kingdomwww.london.edu/ 
Harvard UniversityUnited Stateswww.harvard.edu 
Stanford UniversityUnited Stateswww.stanford.edu/ 
Princeton UniversityUnited Stateswww.princeton.edu/ 
University of California, Berkeley (UCB)United Statedwww.berkeley.edu/ 
University of ChicagoUnited Stateswww.uchicago.in/ 
Dartmouth College in HanoverUnited Stateswww.dartmouth.edu/ 
Yale UniversityUnited Stateswww.yale.edu 
University of CambridgeUnited Kingdomwww.cam.ac.uk/ 

Important Entrance Exams

Undergraduate
CollegeTentative DateImportant ElementsWebsite
BHU Entrance Exam for EconomicsApril/May/JuneGeneral Awareness, Verbal Ability, Numerical Abilitywww.bhu.ac.in/social_sciences/economics/ 
CA (CPT + IPC + FINAL) and three years of ArticleshipMay and NovemberAccounts, Tax, Law, Auditwww.icai.org 
Postgraduate
InstitutionTentative DateImportant ElementsWebsite
DSE EntranceMay/JuneEconomics at graduation levelwww.econdse.org/m-a-admission-2017/ 
JNU EntranceMayEconomics at graduation levelwww.jnu.ac.in/SSS/CESP/admissions.htm 
ISI EntranceMayEconomics at graduation levelwww.isical.ac.in/~admission 
Madras School of Economics Entrance ExamApril/May/JuneEconomics at graduation levelwww.mse.ac.in/admissions 
IGIDR Entrance ExamApril/MayEconomics at graduation level, Maths and English- High School LevelEconomics at graduation level, Maths and English- High School Levelwww.igidr.ac.in/academic-programmes/m-sc/ 
BHU Entrance Exam for EconomicsApril/May/JuneEconomics at graduation levelwww.bhu.ac.in/social_sciences/economics 

Work Description

  • Define business goals and determine the most effective course of action needed to reach the goals
  • Offer financial advice, audit accounts and provide trustworthy information about financial records
  • Analyze financial statements, sales reports and other performance indicators
  • Develop marketing strategies and be involved in selling of products to target customers
  • Identify places to cut costs and to improve performance, policies and programmes
  • Carry out research and data collection to understand the organization and its customers
  • Gather requirements from the customer and other stakeholders to prepare project report
  • Conduct market research and analysis
  • Solve day to day business problems
  • Act as change agent
  • Designate tasks and responsibilities to employees with the specific skill sets needed to complete the tasks

Pros & Cons of a Career in Commerce

Pros
  • Commerce, in India, is one of the most sought after streams today. With growing economy worldwide, professionals with background in commerce are in great demand in colleges and universities, banks, rating agencies, securities firms etc. Some of them can pay managers, businessmen in 6 figures. They have a high ability to influence the standard of living of an average man on the street.
  • An experienced & knowledgeable one can talk his way out & gain respect from people from all walks of life.
  • They are better informed of the complexities in the world.
Cons
  • A career in commerce has a wide scope, however, it’s not everyone’s piece of pie. One has to be in the know-about of all economic events happening in the world, be consistent throughout the graduation and post-graduation period and even after their studies are completed.

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