The branch of a business covering the economical part of social, legal, technological, political and cultural system, Commerce field is becoming a choice going viral amongst students to make a career in. Right from the most lucrative career avenues, to the possibility of a vibrant professional life that stands with a chance to get your skills spurted all across the globe, this field has every modicum of probability for the talented.
However, having endured the intensive high school curriculum in the field, students often get stuck in a dilemma to make the right choice. Alternatives are ample, but making the right pick stands pivoted on various constraints you need to consider. Hence, the discussion to follow will proliferate over a few prominent courses that might do the drill for you. Stay close and dart sufficient glances to arm yourself for success in the field.
Going for a B.Com Degree Course
The Bachelor of Commerce (B.Com) is a three-year degree course pursued by a multitude of students in the country. It aims at giving the student a complete overview of business scenario and the trends it works with. This majorly includes buying and selling of goods, along with the underlining principles of economics and accounts. Although the course is open for both commerce and science students, candidates with a B.Com degree find themselves in pursuit of jobs in sectors like finance, accounts and management. Although the average salary a fresher can expect ranges around 1.5-2.5 Lac per annum, there are a plethora of job websites in India providing employment options for B.Com candidates.
The Renowned Alternative- Chartered Accountancy (CA)
A course that finds it roots in the 1854 Britain, a degree course in Chartered Accountancy usually lasts for five years. A CA finds himself a registered member of the ICAI (Indian Chartered Accountants Institute) and works in all fields of business and finance, which include taxation, management and auditing. However, a lot of CAs also fined getting engaged in public practice work a preferable option. The average remuneration in this field varies around Rs.6,04,960 (as on 31st March 2015).
Nevertheless, a crucial thing to consider is that institutes pertaining to the field require candidates to undertake a minimum level of professional experience to stay competitive and updated in the field.
A Course to Become Company Secretary (CS)
A company secretary has to deal with legal activities in various kinds of business. A corporate professional course, company secretaries program is usually a three stage process that constitutes a foundation program followed by executive and professional programs. Conducted by the Institute of Company Secretaries of India (ICSI), a three year long course (segregated as 8 months/9 months/15 months +internship), for CS there is no specific requirement for a student to belong to the commerce stream, as arts candidates can apply for the course as well.
The basic duty of a company secretary involves maintaining records, tax returns, advices and evaluation of the legal aspect of the organization. Moreover, a number of consulting firms and private companies are always up to hire skilled company secretaries from various parts of the country.
Cost and Work Accountancy
The most recent branch of study in the commerce stream, Cost and Work Accountancy (CWA) is a course offered by the Institute of Cost and Work Accountants of India (ICWAI) for students aspiring to make a mark in this field. This too comprises of three stages- foundation, intermediate and final, each having a separate level of exam to be cleared.
Once a member of ICWAI, applicants get employed as finance managers, chief executives, finance directors and even managing directors and chairmen in numerous private sector firms. The average salary associated with the field is Rs.6.3 Lac per annum (as on Dec 2013).
Options are numerous to list, but each has its own idiosyncrasies. Once you gain an insight regarding roles that’ll be the perfect fit for you, making the right pick would merely be a child’s play. Good luck!