Anchit Nayyar

Options available after commerce in 12 th.

What is the benefit og economics. Career options in economics and commerce.

by Anchit Nayyar
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2 answers

RE: Options available after commerce in 12 th.

Meghna Mukherjee
Meghna Mukherjee
Verified Career Expert
Counselor at Adaptive Minds
  • Mumbai

Hey there...



Interesting career option.

Economics is the basis of the countries growth and success.
This field is closely related to management and Finance.
It involves a lot of analytic quality, statistical knowledge as well as financial knowledge and management skills to help manage resources and investments.

In short as an Economists, you would mainly be dealing with Finances but not using just the financial tools available to a Finance graduate, but a most important tool, i.e. statistic.
At the same time through your forecasting or prediction and analytic ability, you would be involved in terms of guiding the organization as to their investments matters, as well as trading and management of financial resources.
Also due to your knowledge of Statistic you could also work as an Investment banker, whereby guiding individual investors with their financial crunches.


Some of the career options available as an Economists involves:
  • Consultant: As a consultant you would beanalyzingbusiness organizations,economic statuses, and would propose plans to improve and change the existing programs
  • Financial Planner: As said above, you work as a financial analysts orplannerandhelpguiding business andindividualsin making investmentchoices.
  • Investment banker: Here you would be involved with either thegovernmentororganizationsguidingthem in terms of investment servicesrelatedto buying, selling, and trading securities, managing assets andproviding financialadvice.
  • Marketing or forecasting specialists: Here you would be involved in identifying potential customers by calculating the demand for aproductandservices offered by a company or a firm. You develop pricingstrategiesthat would help attract buyers and also help organizationsmaintain profits.
In terms of further studies or options, you are one of the most sort out person when related to government services.
Here you could opt for either
IAS or IES services.
The two main important services whereby you represent the country as an ambassador to a foreign country.


For this you would have to clear the Civil service examination.
Preparations for which needs to begin right from now itself.
You need to be very analytic at the same time diplomatic.
Knowledge about every field is necessary. But putting the answers or reasoning in your own words by maintaining humor is important in this field.

Hope this answers your query.
Wish you good luck................

RE: Options available after commerce in 12 th.

Bharati Kumari
Bharati Kumari
Verified Career Expert
Regional Manager at CL Educate Ltd. Navi Mumbai
  • Mumbai

Hi Anchit,

Career opportunities taking Economics and Commerce are good, you need to find that is good for you.
Let me go step by step.
Economics

You can have careers in following Sectors:
  • Finance Sector
-Banking
-Accountancy
-Tax Advice
-Actuarial Work
-Insurance
-Trading
  • Management Sector
  • Marketing, Sales and Advertising
  • Human Resources
  • IT
  • Education
You may have heard about many of them.
Let me talk about being an Actuary.
What is an Actuary?
"Actuary" means a person skilled in determing the present effects of future contingent events or in finance modelling and risk analysis in different areas of insurance, or calculating the value of life interests and insurance business, annuities, insurance and person rates on basis of empirically based tables and includes a statistician engaged in such technology, taxation, employees benefits and such other risk management and investments and who is a fellow member of the institute.
Traditional responsibilities of Actuaries in life and general insurance business include
-designing and pricing of policies
-monitoring the adequacy of funds to provide the promised benefits
-recommending fair trade of bonus where applicable
-valuation of the insurance business
-ensuring solvency margin and other insurance risks like legal liability, loss of profits etc

Who can become an Acuary?
-An Hsc passed, graduate, post graduate, Engineer, MBA, CA,ICWA etc with sound knowledge of Mathematics & Statistics
-Loves logic and problem solving
-Good Communication
-Excellent business awareness

Average Salary of Actuaries is 9.8L per year
For more indepth detail go to http://actuariesindia.org.in/

Commerce
Many options including the above said.
-CS/CA/CFA
-professional courses

-Higher degrees and entering into Lecturership

You could include all the options what our Career Counselor Ms. Meghna has listed.
So, if at all you require more indepth detail of any career option mentioned above please write back, i will gladly respond back.

All the Best !!!



RE: Options available after commerce in 12 th.

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