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Commerce is a very popular field among students these days. Choosing commerce as a stream in Class 12 not only gives the students an option to apply to courses related to this field but also students can apply for courses in the Arts field. Based on their areas of interest, commerce students usually go ahead with the following courses in college:
B.Com (Hons)/ B.Com
This is one of the most common undergraduate courses that students generally apply for after completing their high school education in the field of commerce. While B.Com is a general degree program that includes some of the subjects like Accountancy, Economics, Auditing, Finance, Tax, etc; B.Com (Hons) offers specialisation in a particular discipline. Career prospects after completion of both the courses are great and students can choose to go for post graduation like M.Com or MBA, or may apply for a job.
Bachelors of Business Administration (BBA)
BBA is another popular course that commerce students choose after class 12th. It gives corporate and industrial exposure to students and helps them to develop their corporate and managerial skills. After this 3 year undergraduate program, students can pursue higher degree education like MBA or may directly apply for a corporate job and can even start with a business of their own.
Bachelors of Computer Application (BCA)
BCA is an undergraduate course generally undertaken by students who wish to explore the world of Computer languages. A BCA degree is at par with a BTech/BE degree in Computer Science or Information Technology. A candidate who has cleared 10+2 from any discipline with Maths can apply for this course. This course has promising career prospects in the field of computer and information technology.
Bachelors of Business Economics (BBE)
This is yet another option for commerce students after 10+2. Students pursuing BBE get to experience practical knowledge about different economic concepts, policies and analytical methods. This course is apt for those keenly interested in economics and want to gain specialisation about economic framework.
Bachelors of Management Studies (BMS)
Another undergraduate program designed to prepare students in the field of management is BMS. The course is designed to help students gain expertise in managerial and leadership skills. Students get to learn various disciplines such as human resources, management, operational skills, research methodologies, etc. After completing BMS, students get the option to either work in domains of human resources, operations, management, etc or pursue higher education like MBA.
Chartered Accountancy (CA)
CA is considered to be one of the toughest and most competitive courses under the commerce field. The course is managed by the Institute of Chartered Accountants of India (ICAI) and includes several papers. It includes subjects like Accounting, Auditing, Financing, Taxing, Business Laws and others. Although difficult, this course offers high career prospects.
Company Secretary (CS)
Another popular professional course is Company Secretary or CS. A lot of students after 12th commerce opt for this course carried out by the Institute of Company Secretaries of India. A CS acts as an in-house legal advisor to the company along with being responsible for regulatory compliance of the company. Most students who go ahead with pursuing CS also combine it with LLB for better knowledge and future work opportunities.
Bachelor of Law (LLB)
Earlier only a graduate student could study law but with the coming of 5-year integrated law program, being offered by many institutes, commerce students can study this course right after 10+2. Law is a very popular choice among students given the number of options it offers to specialise in a particular discipline like Corporate Law, Criminal Law, Environmental Law, Banking Law, Family Law and so on.
Bachelors of Accounting and Finance (BAF)
Similar to B.Com/ B.Com (Hons), BAF is a three-year undergraduate course that offers in-depth knowledge in accounting and financial subjects by different means such as classroom teachings, seminars, projects, practical training, industrial visits, conferences, expert talks, etc.The course helps aspirants to acquire knowledge in the field of accounting, taxation, auditing, risk management, financial accounting, taxation, managerial economics, business law, and business communications.
Actuarial Science
This course, although not very popular in India currently, has huge career prospects. Very popular internationally, Actuarial Science basically involves knowledge of Statistics, Mathematics, Investment and Insurance. Actuaries are in huge demand outside India with very high pay-scales.
Some of the tasks that an actuary is required to do for a company includes risk evaluation, financial modelling, product pricing, etc.
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