Best career options after 12th commerce for 11th and 12th students with commerce stream. Ever wondered, what is common between PepsiCo President MS Indranovi, Mr. Kumar Mangalam Birla, Chairman of Aditya Birla Group and MS Chandakooche, CEO of ICICI Bank?
Besides being expert in visionary leaders and their related industries, three of them have a degree in commerce. Yes, you read it right!
A commerce stream, commonly known as the ‘non-smart’ stream of students, also keeps a collection of some success stories to share with the world.
In fact, when it comes to professional courses, best career option after 12th for commerce student must-see at the top of the list with many professional career options available.
Therefore, if you are considering commerce stream during your high school, then you must see some aspects related to it before you make a final decision.
To help you, important information and details about the commerce stream including the main topics and domains, further study areas and career opportunities, etc. are listed below.
Best Career Options After 12th Commerce
Generally, most parents and guardians are surrounded by a great bias for commerce stream and they think that the Commerce stream is only suitable for ‘non-smart’ students.
Apart from this, the subject of Arts is suitable for students interested in technical and research-driven students and those interested in theoretical studies and performing arts.
But Commerce Stream is right for students who are comfortable with ‘Crunching Number’ and want to become Accountant in the future.
That is why many students believe that the study area is limited by the Commerce stream compared to other streams.
But this is a common thing and it can not be called right about the subject of commerce or any other streams.
Some topics and a wide range of specialization and study options are discussed in more detail for best career option after 12th for commerce student who takes.
Main topic / sub-domain
Despite the bias involved with the commerce streams, the popularity of this topic has been rising very fast over the last few decades.
Due to the rising economy, the golden opportunity of professional careers and higher scoring, the trend of high school or after this subject has increased in students.
Earlier this stream was confined to certain subjects related to accountancy and economics but today many subjects are being studied under it. some of them are –
Students with a commerce stream have to face many financial and economic concepts.
During the 11th and 12th class, students were mainly asked to study economics, Indian economic development, statistics, microeconomics, and macroeconomics, etc.
To do great in additional economics, develop a conceptual understanding of this subject and problems of Numerics Trust is very important to do.
Like every stream, the English stream has to be read in the commerce stream as a compulsory language.
The English learners in the Commerce stream are quite different from the other streams of English and it mainly focuses on the basics of the language including grammar, syntax and vocabulary development.
Apart from this, students also learn business communication and other aspects.
Accountancy is a major subject of commerce and plays an important role during high school education.
This topic focuses on the basics of accountancy and its theoretical process and financial accountancy, accounting standard accounting standards, GST, recording of business transactions and similar 11th Concepts.
In class XII, students have to study accountancy, partnership companies, cash flow details of companies and analysis of financial statements and computerized accounting for non-profit organizations.
Business Studies is a very important topic for commerce students during high school.
In the 11th class, the subject of business organizations, emerging business model, type of industry, social responsibility.
And business ethics, source of business finance, small business, internal business and the nature and purpose of international trade are studied under this subject.
In the 12th standard, there is a deeper study of management principles, business environment, planning, staffing, organization, control, finance market, financial management, marketing management, and consumer protection, etc.
Mathematics is an alternative subject for Commerce stream students, but if students want to make the best career options after 12th commerce in core accountancy or similar domain, then it is very important.
Relations and Functions, algebra, calculus, linear, programming, probability, vector, and matrix are studied in the Maths of the Commerce stream.
Information Practices is an alternative subject for the students of the Commerce stream, who choose according to their own interests.
In this subject, the basics of computing and database management are reported.
In addition, it is focused on topics such as Business Computing Thierry, Programming and Relational Database Management System.
Scope of Further Studies
A common question that keeps students away from the commerce stream is that there is a limited range of further studies in this stream.
However, this is only a speculation and may be true in the distant past.
But today the significance of this stream is the same as the other two stream arts and science.
Degree level courses
After passing 12th from the Commerce stream, students can choose one of the many available courses from the degree level. The main details of the courses are as follows-
B.com means Bachelor of Commerce This course can be selected after passing the 12th with the commerce topic.
This is a three-year degree level course. Under this, fundamental principals, etc. of accounting and finance are studied.
The main topics of this course are:
- Corporate accounting
- Business Regulatory Framework
- Computer Applications and IT
- Income tax
- Human Resource Management
- Banking and insurance
- Company law
- Business Communication
- Management accounting
- Business Environment
- BBA / BMS
If you want to do management or MBA, then after 12th you will have the best career options after 12th commerce to do BBA or BMS.
Bachelor of Business Administration (BBA) / Bachelor of Management Studies (BMS) degree courses.
It has been designed from the point of view of giving students the right understanding of management.
Many colleges offer admission based on 12th score / merit. But there are some colleges where admission is done only on the basis of its marks of entrance exams.
BA + LLB
If you are interested in law or legal studies, then a integrated five year program i.e. BA + LLB will be right for you.
In the integrated program, the subject or specialization chosen by the students covers their graduation degree course during the first three years and during the last two years, they focus on legal studies or related programs.
This is another creative career options after 12th commerce students who want to pursue careers in-laws and related areas such as corporate law, taxation law, and affiliate domain.
BBA + LLB
Like BA + LLB courses, BBA + LLB courses is also an integrated four-year program, under which studies of graduation level, along with studies of law are also done.
Students who want to become legal consultants in corporate companies or want to practice their own with the Legal Client, they can do this course.
Nowadays computer and technology are dominated everywhere. Life without them has become impossible.
Therefore, getting a BCA or Bachelor of computer application can be a perfect start for a bright career for students.
The BCA course is a three-year degree level course. Under this, coding and computer application development are studied.
Students who have passed 12th class with Maths Subjects can do the BCA course.
The Commerce Stream students also have the facility of doing many types of professional courses that can shape their academic and professional future.
Many professional courses are available for students after completing Class 12 Commerce stream. The chief among them are:
Chartered Accountancy (CA)
Chartered Accountancy degree, provided by the Indian Chartered Accountants of India (ICAI), is the most popular professional course among the students of the commerce stream.
Being a professional course, it offers many career opportunities for students.
Apart from this, an independent CA or leading Indian and multinational companies from self-employment or self-practice can start their career as CAs in local and foreign banks and audit firms.
As far as the course structure is concerned, the chartered accountancy course includes the following modules:
- Module 1: CPT – General Proficiency Test (Common Proficiency Test):
This examination includes knowledge of key topics like accountants
- Mercantile law
Module 2: IPCT – Integrated Professional Competency Course (Integrated Professional Competency Course)
This course has two parts and they include various topics.
Part 1 includes:
- Costing and Financial Management
Part 2 includes:
- Advance accounting
- Auditing and Assurance
- Information technology
- Strategic management
Module 3: Articleship / Training
Students doing CA courses in this module have to under-conduct a practicing chartered accountant.
During this training, students can learn practical aspects related to chartered accountancy in the form of a profession.
Module 4: CA Final Examination
To become a Certified Professional Chartered Accountant, the fourth and final module has to be cleared.
The CA final exam covers 8 subjects which are divided into two groups.
Details of the topics covered under both groups are available below:
CA: Final Exam Group 1
- Financial reporting
- Strategic Financial Management
- Advanced auditing and professional ethics
- Corporate Law and Allied Law
Section A: Company Law
Section B: Allied Law
CA: Final Exam Group 2
- Advanced Management Accounting
- Information control and audit
- Direct tax law
- Indirect Tax Law
Section A: Central Excise
Section B: Service Tax and VAT
Section C: Customs
After completion of the Class 12 examination, the Company Secretary is another popular course for Commerce stream students.
This professional course is offered by the ICSI in three-phase examination format.
Step 1: Foundation Program
Qualification: Class 12/10 + 2 or equivalent (except for fine arts students)
- Business Environment and Law
- Business Management Ethics and Interoperability
- Business Economics
- Fundamentals of auditing and accounting
Step 2: Executive Program
Qualification: Graduates (except for fine arts students)
- Jurisprudence, interpretation and general law
- Company law
- Establishment and Termination of Business Institutions
- Tax law
Step 3: Professional programs
Eligibility: Clearing the excavating program
- Corporate and Management Accounting
- Securities law and capital market
- Economic, Business and Commercial Law
- Financial and Strategic Management
- Cost and Management Accountant
Cost and Management Accountant is another professional course which can be done by the students of the Commerce stream.
This program is organized by India’s Cost Accounting Institute and it has been divided into three phases –
After the completion of this program, you will be a Certified Cost Accountant.
The main responsibilities of a Certified Cost Accountant include:
- Maintaining a Cost Account Record
- Cost Account Plan
- Cost auditing
Many big companies, Hire the CMA to manage the cost of industry and corporation production or operating costs.
CMA helps in running the company smoothly by cutting costs in a managed way without affecting output or production.
Certified Financial Planner
If you are interested in Personal Finance and Wealth Management, then becoming a certified financial planner will prove to be the best career option after 12th for commerce student.
Students with commerce stream have already studied the taxation policy under the initial syllabus, the basics of investment and General Awareness.
To become a certified financial planner, students are required to get certificates from the Financial Planning Standards Board (Financial Planning Standard Board of India, FPSBI).
Financial Planning offers a technical program for the students of the Standard Board of India Commerce stream providing full knowledge of the arts.
And the science of financial planning, personal financial advisory practices, taxation, risk management and other subjects and for the purpose of proper training.
The course of Certified Financial Planner has broadly spread over 6 modules and examinations are conducted in an online format for each module and questions are asked on the MCQ / Multiple Choice Question Style Pattern.
The study module of the Certified Financial Planner includes the following topics.
- Introduction to Financial Planning
- Risk Analysis and Insurance Planning
- Retirement Planning and Employee Benefits
- Investment Planning
- Tax Planning and Estate Planning
- Advance Financial Planning
In this way, we see that it is not right to underestimate the flow of science stream from any angle to the commerce stream.
After studying this subject, the students have a bright future and they can live their life in a happy way by adopting their lifestyle.
And can choose best career options after 12th commerce according to their interest.