Commerce is considered to be one of the most popular streams of education along with science and arts. After class 12th, most of the students get confused about the course they should opt after finishing school. Before selecting any course, 12th class students must have good knowledge of accountancy, business studies, economics and mathematics as they form the base for a good under graduation course afterwards. There are many courses a commerce student can choose from but here we are specifically focusing on top 5 courses that are always trending in top of charts.
1. B. Com
B. Com. or Bachelor of Commerce is a three-year undergraduate course. The student can do in regular as well as distance education mode. It is one of the most popular courses in commerce stream. It is the best option for students who wants to pursue their career in accounting, banking, finance and insurance. In the B. Com. course, core subjects are financial accounting, corporate tax, company law, economics, auditing, etc. B. Com. is offered by almost all the universities and colleges in India.
Eligibility criteria for B. Com. Course is usually:
a. The student must have commerce stream in class 11th & 12th with accountancy, economics, business studies, math/optional subject and English as main subject.
b. The student must meet minimum cutoff criteria for admissions to the college/universities in which they’re applying.
The only B. Com. degree is not enough in today’s market. If students want to pursue Post Graduation, they can opt for M. COM., M.B.A. or PGDM. B. Com. graduates can also prepare for competitive exams for different government posts. But, if students wish to start working immediately after completing B. Com. course, they can find various jobs in banking sector, accounting & finance related fields. B. Com. students are hired for various junior level profiles in accounting, auditing and insurance firms. The basic packages start for Junior Accountant is 1.75 lakhs per annum. Package depends on the job profile.
2. B.B.A.
Bachelor of Business Administration is the another most popular bachelor degree course after class 12th. BBA is the starting point for many job opportunities in areas like Marketing, Finance and Sales etc. There are few things that you should know about BBA degree:
a. This 3-year undergraduate course is open to students from all the three streams, Commerce, Science & Arts.
b. This course focuses on knowledge and training in management & leadership skills to prepare them for managerial roles & profiles.
c. During this course, students learn various aspects of business administration and management through practical projects like an internship.
d. B.B.A. can be pursued full time as well as correspondence.
e. There are few specializations in B.B.A. that any student can choose from such as:
• Human Resource
• Marketing & Sales
• Finance
• Information Technology
f. The normal package of BBA student is starting from 3 lakhs per annum.
Eligibility criteria for B.B.A. Course is usually:
Generally, in colleges/universities there is an entrance exam for 12th class students who have applied for BBA. Also, few institutes conduct Group Discussion and Personal Interview test followed by the entrance exam. Final admission is granted on the basis of overall percentage in 12th class, marks scored in the entrance test, GD and PI.
3. CMA
CMA is Certified Management Accountant. Earlier, CMA was known as the ICWAI, which was replaced by ICMAI during past years. ICWAI stands for Institute of Cost and Work Accountant of India. There is no difference between the ICWAI and CMA. In CMA, CA AND CS few common elements are there. In CMA, you will gain knowledge in cost accounting, management accounting and auditing. There are three levels in this course – Foundation, Intermediate and Final. CMA exams are conducted twice in a year, in June & December of the year.
4. CA
Chartered Accountant is a title given to an accounting professional. There are three levels of training premeditated by the Institute of Chartered Accountants of India (ICAI). The ICAI is a regulatory body who give certificates of chartered accountant to those who are competent to take care of the matters related to accounting and taxation of business. Chartered Accountant is also qualified to offer advisory services to clients, which includes companies and individuals. A student can choose a Chartered Accountancy course either through the Foundation course or direct entry. After class 12th, student can do foundation course, while direct entry is for those who have completed their graduation.
To become a CA, student has to complete three-level course –
a. Common Proficiency Test (CPT)
b. Intermediate (Integrated Professional Competence) Examination
c. Final Examination
5. CS
Company Secretary is a specialized course in which a person has to clear three levels, Foundation, Executive and Professional level. A Company Secretary person takes care of all the legal aspects of a firm. In India, The Institute of Company Secretaries of India (ICSI) is the only recognized qualified body which develops & regulates the profession of Companies Secretaries.
Eligibility Criteria to pursue CS course:
a. Any 12th student with any stream (except fine arts) can register for 1st level
b. Any candidate who wants to pursue CS after Graduation will have to undertake only 2 levels – Executive & Professional level.
Made your mind? Have you figured out which course is for you? Great! However, if you are still dwindling, fret not, GrabGuidance is here for you. We offer academic guidance for students, helping them find their calling, answer their queries and help them in their future endeavors.
