Commerce is a very popular field of study in India and abroad. It includes in depth study of subjects like economics, business, accounting, and finance. This field is best suited for students who are analytical, practical and have an interest in business, trade and financial markets.
As the Indian economy is growing at a great rate and the global market is changing, we see a great demand for commerce graduates. In traditional fields like Chartered Accountancy which are still very much in play. We also see growth in the modern sectors of digital marketing and fintech which are very large and rewarding.
Commerce provides a mix of theoretical and practical education. Commerce helps students prepare for actual business and economic challenges. If you have an interest in financial systems, business management, or entrepreneurship, commerce is the correct option.
As per the All-India Survey on Higher Education (AISHE 2021-22), commerce ranks as the second-favourite stream among Indian students after arts. More than 38 lakh students study commerce related courses across India. This says a substantial amount about the popularity and applicability of the stream.
Moreover, a commerce background opens ample career opportunities, ranging from the corporate world to government services. It also provides a solid foundation for competitive exams such as UPSC, SSC, RBI Grade B, and others.
Analyzing commerce offers many advantages that favour career growth and personal development. Here's why it's a good idea:
Commerce has many more career options beyond accounting or banking. Following are the best 12 career options for commerce students.
1. Chartered Accountant (CA)
It is one of the most prestigious jobs in India. CAs deal with auditing, taxation, financial reporting, and budgeting. To become CA, students need to pass exams organized by the ICAI.
Fact: India has more than 3.6 lakh Chartered Accountants as of 2023. The initial salary is on average ₹7–10 LPA and can increase further with experience.
2. Company Secretary (CS)
Company Secretaries are key professionals who ensure a company’s legal and regulatory compliance. The course is conducted by the Institute of Company Secretaries of India (ICSI).
CS professionals work in corporate, government departments, and legal firms. Entry-level salaries range from ₹4–6 LPA and increase significantly with seniority.
3. Cost and Management Accountant (CMA)
CMAs handle budgeting, cost cutting, and financial planning. The function is critical in manufacturing and mass operations.
The course of CMA is regulated by the Institute of Cost Accountants of India (ICAI-CMA). The salary for freshers is approximately ₹5–8 LPA.
4. Investment Banker
Investment banking is raising capital for firms and offering financial advice. It is a high-stress, high-reward profession.
The graduates typically follow B. Com or BBA after which they do an MBA or CFA. Investment bankers in India can have a salary range of ₹10–12 LPA to even more than ₹25 LPA in leading firms.
5. Financial Analyst
A financial analyst analyzes financial information, observes market trends, and assists companies in making well-informed decisions. This career is important in banks, insurance, and corporate industries.
A commerce, finance, or economics degree is necessary, along with good analytical skills. ₹5–8 LPA is the average salary for starter positions.
6. Economist
Economists examine statistics, interpret economic developments, and assist in policy formulation. They are employed in research companies, think tanks, governmental agencies, and international financial institutions.
BA/B.Sc. Economics followed by an MA or Ph.D. is the best. Salaries differ with research positions paying ₹6–10 LPA and fat packets in the government or international bodies.
7. Actuary
Actuaries estimate financial risks through mathematics and statistics. They are primarily employed in the insurance, pension, and investment industries.
The Institute of Actuaries of India (IAI) holds the professional exams. It is considered one of the best-paying jobs, with senior actuaries making ₹20+ LPA.
8. Marketing Manager
Commerce students with good communication and strategic thinking abilities are well suited to marketing. Marketing managers coordinate brand development, campaign implementation, and market research.
A BBA in Marketing or an MBA is preferred. Freshers receive ₹4–6 LPA, while senior managers receive up to ₹20 LPA
9. Human Resource Manager
HR professionals oversee recruitment, training, employee motivation, and personnel policies. It's an excellent choice for commerce students with an interest in people management.
An MBA in HR or equivalent is usually necessary. Pay ranges from ₹4–6 LPA and increases with experience.
10. Entrepreneur / Business Owner
Knowledge of commerce is highly beneficial for future entrepreneurs. It aids in recognizing patterns in the market, handling finances, and strategizing business operations.
India currently has more than 110 unicorn start-ups as of 2023. Government initiatives such as Start-up India and Mudra Loans facilitate the establishment of businesses.
11. Chartered Financial Analyst (CFA)
CFA is a professional course recognized worldwide in the field of investment management. CFAs are employed in equity research, portfolio management, and asset management.
The exam is administered by the CFA Institute (USA). It's ranked as one of the most challenging certifications. The compensation packages are ₹7–15 LPA and can go much higher internationally.
12. E-Commerce and Digital Marketing Professional
As more businesses open online, careers in SEO, social media marketing, and content strategy are flourishing. Students of commerce who have a creative bent can opt for this track.
Certifications by Google, HubSpot, and Meta add value to your profile. The starting salary of digital marketers is ₹3–6 LPA, which can rise to ₹12–15 LPA with experience.
Choosing the right career is crucial. Keep these factors in mind to make an informed decision:
Have questions? Here are some frequently asked queries about career choices in the commerce stream.
Yes, CA is a tough course because of its extensive syllabus and tough exams. But with regular effort, good guidance, and time management, it can be done. Most students clear the exam on their second or third try.
The best of these are CA, CS, CMA, B. Com, BBA, CFA, and digital marketing or data analytics courses. Opt for what best fits your interests, skills, and career plans.
The CFA program consists of three levels. On average, it takes 2.5 to 4 years to complete all levels, depending on preparation time and pass rates. Candidates also need 4 years of relevant work experience for full certification.
Commerce graduates can apply for roles in SSC, UPSC, RBI, SEBI, IBPS, and State PSCs. They can work as income tax officers, bank officers, auditors, and financial analysts in various departments.
Important skills include analytical thinking, communication, problem-solving, financial literacy, data interpretation, leadership, and digital proficiency. Developing soft skills is equally crucial for career advancement.
Commerce is a dynamic and diverse stream. It presents a combination of classic and contemporary career choices tailored to a range of interests and strengths. Whether you aspire to be a CA, starting your start-up, or driving a digital marketing campaign, commerce lays the groundwork.
The most important thing is to pick a career that is aligned with your interests and long-term objectives. With correct guidance and dedication, success in the field of commerce is easily achievable.
Want to become a commerce professional? Rabindranath Tagore University (RNTU) has industry-oriented undergraduate and postgraduate degree courses in commerce and business.
With its experienced faculty, state-of-the-art infrastructure, and placement assistance, RNTU equips students to have a prosperous future. Join us today and take your first step towards a successful career in commerce.