#CareerBytes: Five best career options commerce students can go for
Choosing a career path after Class-12 can be quite confusing or even difficult for some students, but deciding on the right one is a crucial task. Nowadays, students who have completed Class-12 in the commerce stream have a number of interesting and exciting options that offer many lucrative career opportunities. Here are five of the best career options that commerce students can choose.
Career opportunities in commerce and economics
Most commerce students tend to opt for bachelor courses in economics or commerce after Class-12. Career opportunities in the economics field include economist, statistician, strategist, data analyst, risk management analyst, research analyst, etc. Opportunities in commerce include accountant, tax consultant, finance managers, executive assistants, etc.; undergraduate commerce courses also provide a good Foundation for professional courses like Chartered Accountancy, Cost & Management Accountancy, etc.
Chartered Accountancy is one of the most rewarding career options
Chartered Accountancy (CA) is one of the most popular career options for commerce students and is quite rewarding too. ICAI provides the three-level CA program comprising Foundation, Intermediate, and Final. Students can enroll for CA Foundation after Class-12. After completing the course, as Chartered Accountants, they can provide financial advice, maintain financial records, conduct audits, and are involved in financial/accounting management and taxation, etc.
Cost & Management Accountancy is another good option
Cost & Management Accountancy (CMA) is another sought-after career option among commerce students. The Institute of Cost Accountants of India offers the CMA course comprising Foundation, Intermediate, and Final. Students can enroll in the CMA course after completing Class-12. Cost & Management Accountants are typically involved in cost accounting, cost auditing, financial planning, business analysis, strategic management, and management accounting and reporting, etc.
A career in the field of business management
Commerce students interested in building a career in business management and related fields can opt for three-year undergraduate programs like BBA, BMS, or five-year dual-degree/integrated management courses. After doing an undergraduate course, they can pursue a Master of Business Administration (MBA) degree. MBA programs have various specializations available, including finance, general management, human resources, operations, marketing, international business, sales, supply chain management, etc.
Commerce students can also go for actuarial science
Another exciting field for commerce students is actuarial science, which offers many lucrative career options. It involves the study and assessment of risks in insurance, finance, and various other industries using math and statistical methods. After Class-12, students can pursue bachelor degree courses in actuarial science. Actuaries generally work in insurance, reinsurance, pension funds, risk management, investment/financial services, banking and stock exchanges, government, etc.