Monday, 29 May 2017

9 Best Courses after 12th Commerce

Through this blog we shall be highlighting some of the Best Courses that students can pursue after 12th Commerce and build a good career in the commerce stream.

Students normally get confused as to which degree or professional course to undertake in order to build up a good career base. Simply stated, What to do after 12th Commerce is a common query that students tend to face once they reach 12th standard.

Parents are also worried about the career options for their children that will set a good platform for them to become successful in life.

There are numerous career options to select from.But,you wish to select the best for yourself.

Here we shall be discussing about career in commerce i.e. career options for commerce students only.

You can’t define one single best course for yourself.There are a number of degrees and professional courses to choose from.What matters is the one that you choose and prove it to be the best for yourself.

Making the right career choice is a major decision of one’s life.Sometimes it is a bit confusing.So,follow your interests and go ahead with what makes you feel happy.

Now,coming to the point, after passing 12th Commerce you need to select as to which direction you should move ahead. Taking the right decision is just a stepping stone for building a successful career in the commerce field. You have to put in the best of your efforts to achieve your dreams.

Commerce is a vast field where you will get to explore a variety of areas based on the course you
select like :

Investment banking
General Banking
Decision making etc.

So,if you are aware of your interests and which way you exactly want to go,things might seem a bit easy.

We have focused only on finance,accountancy,taxation,law and related courses in this post.There are numerous other courses that a commerce student can pursue as per his preferences and interests. e.g. Students are interested in wildlife photography, fashion designing, hotel management, other creative fields etc. as we got feedback in our comment section. You just need to be confident, follow your passion and work hard to achieve success.

Here is a list of some of the main courses that commerce students can pursue after their 12th Commerce standard. This is not in any particular order, you can go through the list and make a choice based on your interests. We have tried to cover a few major career options for commerce students.

9 Best Courses after 12th Commerce :

1. Bachelors of Commerce (B.Com) :

This is the general degree that spans over a period of 3 years that you can pursue after completing your 12th commerce.Having a normal degree proves quite handy even if you are pursuing any of the professional courses. It is always beneficial to complete your graduation that may help you later on if you go for higher studies.

You can pursue B.Com as a full time course or through correspondence depending upon your choice.Distance education/correspondence is beneficial if you are also pursuing a professional course like CA,CS etc.Otherwise a regular degree is a better choice.

2. Bachelors of Commerce (Honours) or (Hons) :

This is similar to but in an extensive form with specialisation in a particular subject or field like Accountancy,management or economics etc.The industry demand for (Honours) is somewhat better than normal,the admission criteria and eligibility conditions might be similar for both.These may slightly vary for different universities/colleges.

The subjects are also quite similar, the major difference being that you will get to do in depth analysis while studying B.Com(Hons).

3. Bachelors in Economics :

This is yet another option for commerce students to pursue after their higher secondary education. You will get to experience practical knowledge on various economic concepts,economic policies,analytical methodsand programs etc.If you are keenly interested in economics and want to gain specialisation about the economic framework, this might suit you.

If you want to prepare for Indian Administrative Services or IAS, having an economic background shall be an added advantage for you.

4. Bachelors of Business Administration (BBA) :

This is a 3 year Business administration course helping to build a base in core business disciplines.You get to explore different functional areas of a business environment.So,if you are interested in getting an exposure to the various business aspects and get a hold of the concepts of business administration, this course might be your choice.

In addition to academic learning, if you pursue BBA from a good university, you get well versed with business insights and real world business skills.

After completing your graduation, you can look forward to a Post graduation degree like M.Com (Finance) or MBA (Finance) or MBA with specialisation in any other field as per your preferences. This is an obvious choice for the ones thinking to build their career in the financial and business management field.

Professional Courses after 12th Commerce :

5. Chartered Accountancy (CA) :

This is the best professional course for building a successful career in commerce.Becoming a Chartered Accountant opens the various doors to exciting career opportunities in diversified sectors.You can act as a Tax Consultant,an auditor,an advisor,a financial officer and so on depending upon whether you go in your own independent practice or you settle for a corporate job.

It requires lot of hard work and sincere efforts to enter this esteemed profession.

It might be easy for CA entrants to clear the entrance known as Common Proficiency Test (CPT).But,the higher levels you reach i.e. Intermediate (IPCC) and CA Finals, the tougher it gets. So,complete determination followed by consistent efforts are the keys to success.

This professional course is provided by The Institute of Chartered Accountants of India (ICAI).Its Head office is in New Delhi, branches are located all over India.You can visit the official website to get deeper insights on the course,eligibility conditions and admission procedure.

This a well known course promising rewarding career in the field of accounting,taxation,auditing,financial reporting to name a few. The theoretical knowledge alongwith the practical training (articleship) that you get helps to build a name and respectable position for yourself.

6. Company Secretary (CS) :

This is another professional course that is opted by students after 12th commerce. This course is provided by The Institute of Company Secretaries of India. A Company Secretary is basically responsible for all the regulatory compliances of the company and acts as an in-house legal expert.After doing CS you have an option to practice independently or look in for a job in the corporate world.

This is also a preferred choice for students pursuing Chartered Accountancy. A combination of CA and CS is common choice among students to build a good career.

7. Cost and Management Accountant (CMA) :

This course is provided by The Institute of Cost Accountants of India or ICWAI. Certified Cost Accountants maintain cost accounting records,do cost auditing,helps in planning,controlling and costing of products.

You can do your own practice as CMA or hold managerial positions in public as well as private enterprises.The role of Cost Accountant goes beyond that of Financial Accountant by helping in production operations and processes.You can chose the cost audit area,certification and consulting areas.

8. Certified Financial Planner (CFP) :

If you are interested in building a career in areas of Personal finance, wealth management, insurance planning, mutual fund investing then this might be a great fit for you. So,if you want to enter the financial planning world, then you need to get this certification as a Certified Financial Planner or CFP.

Financial Planning Standard Board India or FPSB India is the principal licensing body that grants CFP license.

So,if you are thinking to become a financial planner helping people in their investment planning, tax planning, insurance, retirement planning, CFP is a must have.

9. Bachelor of Law (LLB) :

LLB is also a common degree that students pursue after their 12th standard. You might already know who a “lawyer” or “advocate” is and what are his duties.

The Bar Council of India (BCI) is the main regulatory body of Law Education in India. BCI provides certificate of practice after completion of LLB. In order to practice you need to clear the All India Bar Examination.

If you wish to do the *integrated course, you can take the admission in 5 year integrated programme after the completion of your 12th standard exams.*Integrated undergraduate degrees provided are B.A. LL.B., B.Sc. LL.B., BBA LLB, B.Com LL.B

The law students have a great scope of establishing name,fame and a good career in the long run.

So,here we have discussed just few of the major courses for commerce students that you can select from. There might be many others like you can go in for some banking courses or prepare for UPSC or IAS if you are interested in doing so.

Having guidance from your elders and experienced persons really helps, but the final decision should be taken by keeping in mind your own passion and interests.

At the end of the day, you have to decide what you want to do. Stop thinking and start acting…

The education that you will gain today shall accompany you throughout your life and will surely guide your way.

If you follow your passion and pursue what you like,the success path will become much smoother for you.You can anyways become successful in life if you take the right career decisions and enjoy your career path.

The author of this blog is a Chartered Accountant, so you have read some exclusive details on the Chartered Accountancy course.

If you wish to add details and share your own experiences on any other option for students to build a career in commerce, go ahead …Feel free to share your valuable feedback. If you have any queries, you can ask in the comment section below !

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