Career Options in Commerce

If you are a commerce student, many exciting career options are before you. Gone are the days when the opportunities for commerce students were limited. These days, there are plenty of opportunities available to commerce students, provided they make some right choices and upskill themselves regularly. Important sectors like banking, finance, auditing, and accounting are progressing like never before. If you have a commerce degree and have all the necessary skills an organisation requires to hire you, the sky is the limit. It is not just the stability you can look forward to in your job, but also the pay package will be attractive.

Is Commerce a Good Career?

Commerce is a good career option for anyone interested in business administration, finance, and marketing. Besides comprising many core subjects, commerce courses have elective subjects that you can pursue based on your interests and goals. So, depending on the electives and the path you choose, plenty of exciting and financially rewarding career options await you. The opportunities for commerce students are even greater in developed and progressive countries like the US, the UK, Australia, New Zealand, Canada, and Ireland. With a commerce degree in hand, you can look forward to plenty of interesting profiles.

Best Career Options in Commerce

If you plan well, commerce can present many career opportunities and personal satisfaction. The career options before you become more evident to you when you pursue a commerce course at a prestigious institute abroad, in countries like the US, the UK, Canada, Australia, New Zealand, and Ireland, where the economy is booming, and companies are always on the lookout for commerce students for various roles.

Here are some of the best career options in commerce:

• Bachelor of Business Administration (BBA)
• Chartered Accountancy (CA)
• Accounting
• Banking
• Bachelor of Laws (LLB)
• Economist
• Financial Controller
• Compliance Officer
• Asset Manager

Bachelor of Business Administration (BBA)

If you are interested in topics like business administration, then pursuing BBA helps a lot. A common choice amongst students after completing their 12th commerce, BBA is a 3-year undergraduate programme wherein students learn the fundamentals of business administration, including its principles. The amazing part about this course is that students are taught various business methodologies and aspects. Furthermore, students learn corporate laws and operations and how they are implemented in the real world. BBA is a great option for students who wish to run their business or join companies at the beginning phase of their career.

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Chartered Accountancy (CA)

Being a chartered accountant is a dream for many commerce students. Therefore, it is not surprising to see many commerce students willing to try CA courses abroad. Chartered Accountancy mainly deals with accounting and taxation matters related to a business or an organisation. A career as a CA is both fulfilling and financially rewarding for commerce students. A certification program in CA at a prestigious institute abroad helps build a strong foundation in various areas, including taxation laws, environment and ethics, merger and acquisitions, auditing, etc. A professional chartered accountant will get opportunities to work in major industries, like the banking sector, government organisations, IT departments, Tax and Law advisory firms, etc.

Must Read: CA Course Details after 12th

Accounting

Commerce students are always in demand for a variety of accounting jobs. Given that the financial world is getting competitive at every step, companies are always on the lookout for efficient and smart accountants in what they do.  There are plenty of opportunities available for commerce graduates aspiring to make it big in the world of accounting, consultation, human resources, and tax planning. In the early stage of their career, Accountants are usually given the role of staff accountant, wherein they handle accounts receivable and accounts payable. Further down the road, after gaining valuable experience, they become internal auditors, wherein they are assigned to keep a tab on the company's finances. They are given other roles like a senior accountant, controllers, etc.

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Banking

Suppose you are a commerce graduate with excellent academic credentials. In that case, a career in the banking field is just as lucrative as possible. Both privately and publicly owned banks consistently hire commerce graduates for various roles and job positions. The higher your qualifications and skills are, the greater your chances of securing a job in the banking sector. It is common to see young commerce graduates landing jobs like clerks, marketing, personal banking, home banking, and even officer.

Bachelor of Laws (LLB)

One of the better and more stable options for commerce students to pursue is a Bachelor of Laws (LLB). After completing the course, students are awarded a degree as an advocate or lawyer. Typically, students enrolled in an LLB course study subjects like Banking Laws, Property Laws, Constitutional Laws, etc.

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Economist

A career as an economist can be a rewarding experience as you get an opportunity to study and research various financial trends, like inflation, bonds, stocks, spending, exchange rate, etc. As an economist, you study different market activities and analyse financial and socio-economic data to help companies and organisations make important business decisions. Economists employ different statistical techniques and mathematical models for analysing data. Large corporations also hire economists for consultation works related to their services and products.

Financial Controller

After gaining lots of experience and skills, when commerce graduates become financial controllers, they get an opportunity to look after the company's accounting and finance department. Financial controllers evaluate and manage various financial risks and even coordinate audit processes as part of their responsibility. They also help the organisations in different financial operations, like forecasting, budgeting, financial stability, and handling tax matters. Financial controllers also comply with central and state regulations while handling financial reports and filing taxes.

Compliance Officer

As a compliance officer, you are assigned to manage legal risks. You make sure that the company you are working for avoids facing unnecessary and complicated lawsuits. A compliant officer will also ensure that the organisation adheres to various internal bylaws and policies. The compliance office is assigned to create and manage the company's policies and effectively handle compliance-related audits. In this regard, they work in tandem with federal and state regulators.

Asset Manager

Commerce professionals working as asset managers are assigned to monitor and manage the company's assets, equity, stocks, commodities, money, bonds, shares, properties, and other financial products. The primary responsibility of asset managers is to increase the value of different assets with time. Asset managers work closely with their clients to advise them on negotiating deals and acquiring assets. They are also required to develop strategies to help clients improve return on investment whilst minimising risk factors. Asset managers also research various markets in real-time. They identify patterns and trends in finding out whether a potential investment will turn profitable or not.

Jobs for Commerce Students

Career Options after 12th commerce

These days, there are plenty of career options available to commerce students. Be it in economics, accounting, finance, or any other, the career choices before commerce students are not just secure but also high-paying ones. 

Given below is a list of career options available to students after 12th Commerce:

• Accounting and Taxation
• Banking
• Capital Market
• Company Secretary
• Insurance
• Certified Financial Planner
• Cost and Management Accountant
• Cost and Work Accountant
• Foreign Trade
• CISA (Certified Information System Auditor)
• Foreign Trade
• Portfolio Management

Quick Read: Career Options In Commerce Without Maths

Courses after 12th commerce

There are so many course options available to students after 12th Commerce. 

Some of them Include:

• BBA (Bachelor of Business Administration)
• BCom (Bachelor in Commerce)
• BCom Tourism and Travel Management
• BCom Marketing
• Chartered Accountancy
• MCom (Master in Commerce)
• Journalism and Mass Communication
• Cost and Management Accountancy
• Company Secretary
• BBA LLB

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TOP Universities to Study Commerce in Abroad 

There are many top universities abroad where students can study Commerce and then make a career.

Some of these universities are:

• University of Cambridge
  
• University of Oxford
• Monash University
• Harvard University
• London School of Economics and Political Science
• University of Sydney
• London Business School
• The University of Melbourne
• Stanford University
• Massachusetts Institute of Technology
• University of Chicago

 FAQ

AECC Global is a great place to start if you are interested in pursuing a commerce course abroad. Our talented bunch of counsellors have knowledge and experience in helping students pursue a commerce course of their choice at a popular university abroad. Whether you are interested in studying Commerce in Australia, the US, the UK, Canada, New Zealand, or Ireland, we will guide and help you on all matters. Right from providing you with all the basic information about commerce subjects and their scope to finding the right university abroad, AECC Global assists you all the way through. Get in touch with us if you are interested in studying Commerce in Australia, the US, the UK, Canada, New Zealand, or Ireland, and make a great career.