IN DEMAND CAREER OPTION FOR COMMERCE STUDENTS AFTER 12TH.
Amazing Salary, Job Security, high social acceptance often drive the conventional choice but jobs are secured and with the spate of new Local/National/foreign levels job market is blooming for the commerce students.
So we are back with some more exciting Job opportunities for the Commerce stream Students.
7. FINANCE
A Common set of skills required across finance careers includes a good grasp of Econonomics and Accounting concepts, a knack for numbers and data and analytical thinking. A career in Finance domain involves helping businesses and individuals in making various financial planning decisions, monitoring cash Flow, Managing assets and Liabilities, raising capital for expansion and running business operations.
Career Opportunities in Finance
This includes various fields such as Corporate Finance, Private Equity, Investment Banking, Financial Planning/consulting, Venture Capital, wealth Management, Risk Management, etc.
Educational Path
To get into this career it is possible through any graduation. You can either go for a specialised finance course (BFIA, BFM etc.) at the undergraduate level, or pursue broad course such as B.Com, BBA etc. These courses would facilitate you with requisite knowledge of financial concepts and related skills. At the post graduate level, you can either go for a specialised Master's In Finance or MBA in Finance. Masters in finance suited to roles such as wealth Management, MBA in Finance better suited to roles such as Investment banking, Corporate Banking. You can also pursue additional certifications in finance to boost skills- such as CFA (Chartered Financial Analyst), CFP (Certified Financial Planner), FRM(Financial Risk Manager).
Top UG College for Finance
Shaheed Sukhdev college of Business Studies, Delhi, Jai Hind College, Mumbai, HR College of Commerce and Economics, Mumbai, Hinduja College Of commerce, Mumbai.
8. BANK PO
Bank Probationary Officer (PO) is an entry level position in a bank, where an individual begins as a trainee. Bank PO exams are conducted by both public and private banks. during the probationary period the candidate are required to work across various activities such as handling cash flow, daily functioning of a bank, customer complaints, supervising clerical work, loan processing and approval, issuing ATM cards and Chequebooks etc. After completion of this probation period the candidate becomes an Assistant Manager, with an outlook at becoming the Branch Manager and attaining higher positions over years.
Career Opportunities
There are various work in the bank including accounts clerk, administrative assistant, cashier, credit Officer, Insurance Officer, Postal Employee, financial dealer's Assisstant, etc.
Educational Path
Bank PO exam after graduation in any stream can be given. although B.Com, BBA, Economics can be advantageous. Some Popular Exams includes SBI-PO exam, IBPS-PO Exam, ICICI Bank-PO Exam, Axis Bank-PO Exam, HDFC-PO exam.
9. COST AND MANAGEMENT ACCOUNTING
Within a company or organisation budgeting, Cost Management, performance evaluation and Asset Management is the key responsibility of Cost & Management Accountants. The CMA is a certification provided by THE INSTITUTE OF COST ACCOUNTANTS OF INDIA (ICAI), formerly known as the institute Of Cost and Works Accountants Of India (ICWAI). C&M accountant work alongside corporate executives to prepare the financial plan and strategy of the company, and also prepare financial reports for various regulatory authorities, creditors, tax authorities etc.
Career Opportunities for CMA
One can work as a Cost Accountant, and other fields such as financial consulting and auditing. Cost Accountants can also advance to even higher-level positions in the Financial domain such as finance directors, financial controller, cost controller etc.
Educational Path
Students are required to clear 20 different exams by ICAI, which are divided into 3 different levels- Foundation, Intermediate and Final. This career does not require a Maths background.
10. STOCKBROKING
With the steady growth in the Indian stock markets, this field is predicted to witness a good growth in demand for qualified professionals. Stockbroking is a career that involves buying and selling of stocks on the stock market. Stock brokers manage investments in stocks, bonds and derivatives for their clients and advice them about market fluctuations. Stockbroking is also a ossible career option if you have a propensity for following financial markets, such as Nifty and Sensex.
Career Opportunities in Stockbroking
You can work with brokerage firms, Insurance Companies, Banks, Investment banks, Pension funds and other financial institution. One can also work as an Independent broker as you acquire domain expertise over years.
Educational Path
A career in stock-broking can only be pursued through short-term and long-term certifications. To provide base, one can pursue degree/Course such as B.Com, BBA, BCA, or MBA(Finance)
Top Certifications for STOCKBROKING
Bombay Stock Exchange (BSE) provides certification in many areas such as Central Depositiory, Securities Markets, Derivatives Exchange, Corporate Governance, Options Trading, Credit Rating, Fundamental Analysis, Security Analysis, Security Analysis and Portfolio Management, etc. NSE, NISM and ICFM also offer courses and certifications in stock markets.
11. ENTREPRENEURSHIP
ENTREPRENEUR conceptualise the business idea, build the structure, function and strategy and subsequently design and launch the company. Enterpreneurship is a broad field and one can be associated with a wide range of ventures to sell products, services or processes. This career is the talk of the town as many peoples wish to setup their own business, referred to as start up.
It has an extremely positive outlook for the future as the government and political setup of the country is supporting start-up initiative. The key traits required to be successful in this field include creativity.
Educational Path
Although this career can be pursued through any graduation stream, it is highly beneficial if you pursue a BBA or MBA degree as it will equip you with requisite business knowledge and skills.
12. STATISTICS
Statistics is a field involved in the interpretation, analysis and representation of numerical data. Statistician collect and analyse data to solve various problems and make recommendation in organisations. Statistician conduct data collection, Organize data, various statistical tools and techniques to analyse the data.
Career Opportunities
There are a many career opportunities available in roles such as data analysis, Big data, market research, Investment Analysis, Research Analysis, Risk Analysis.
Educational Path
You can pursue a B.A./ B.Sc. Statistics or B. Stats after 12th followed by Masters degree or M.stats at PG level.
TOP UG colleges
Indian statistical Institute(ISI), Hinduja colleges, Delhi, Lady Shri Ram College (LSR), Delhi, Ramjas College, Delhi, St. Xavier's College, Mumbai, Fergussan College, PUne, Mount carmel College, Bangalore, Madras Christian college, Chennai.
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Best Wishes from Educational standard......
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