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India remains the most populous country next to the People’s Republic of China. It is even estimated that India would touch the population of China by 2024. In such a populous country, competition has often become a part of modern life. In every stream known to humans, competition exists. Whether it be commerce, arts, humanities, competitiveness has spilled all over.  If we talk about commerce, it is a branch of business that consists of the activities directly or indirectly affecting exchange. The present article deals with the various career options which one can go for with commerce as their stream.

Even since ancient times, commerce has been flourishing. It has evolved from simple trade of goods and services to present trends of online shopping that occur every day.

Chartered Accountant

The first and the foremost career options one can go for with commerce. A job that asks for qualified individuals who could take care of various matters related to accounting, taxation, auditing, maintain records of investments, etc.

It is a three-tier exam designed by the Institute of Chartered Accountants of India ( ICAI).

The three-level examinations conducted are:-

  • Common Proficiency Test (CPT)
  • Intermediate Examination Final Examination
  • The average salary in India ranges from 6 – 7 lakhs to 30 lakhs.

Company Secretary

Basically, the legal aspects of a firm are managed by the Company Secretary. The duties of CS are to advise the board of directors, look out at the legal aspects and keep the records. He/she acts as a compunction quester of the company.

The first eligibility to enroll in the program is to pass the Class XII exam from any stream.

The ICSI conducts the examination and it consists of two levels:-

  • Executive Programme
  • Professional Programme
  • The Foundation program consists of 4 papers, Executive Programme of 8 papers divided into two modules, Professional Programme of 9 papers divided into 3 modules.
commerce option

Cost Accountants 

Cost Accountants perform the duty of collection, analysis, preparation, auditing, and inspection of the financial information. They need to have the strong analyzing capability and technical skills. These analyze the sales trends, cost reports, etc.

  • The aspirants need to have completed 10 + 2 from any recognized school.
  • The ICWA conducts the Cost and Accountancy Course (CWA).
  • For the Foundation Course, the eligibility is 10 +2. Duration is eight months.
  • For the second stage, one should have the eligibility of 10+2+3. Duration is 10 months.
  • After passing these papers, one can apply for the final stage.

Management Consultant 

It is mid-way between business and job. He needs to understand the opportunities as well as to review internal client company data in a business.

  • No specific qualification is required.
  • The salary is about 6 to 7 lakhs in the beginning.

Investment Banker

An investment banker develops the financial models of a company, assists in the mergers, capital raising for organizations.

  • The minimum eligibility is a graduation degree.
  • MBA finance applicants are considered the top profiles over others.
  • The average salary is 13 to 14 lakhs per annum.
  • It is one of the highest-paying jobs.

Marketing Professional

A marketing professional has many responsibilities including understanding market trends as well as a competitive strategy.

  • The minimum eligibility to enter is graduation.
  • If one enters after MBA from a top institute maybe he will start from a middle post in the organization.
  • The average salary varies for different posts.
commerce option

Actuaries

Actuaries are also known as financial risk managers. They analyze the statistical information as well as compile data and analysis in an organization. They also predict events for an insurance policy.

  • Eligibility includes Certification in Actuarial Science from Actuaries Institute.
  • Graduation with maths, statistics, or economics.
  • The average salary raises from 3 to 20 lakhs PA.

Economists

The role of economists includes compiling and analyzing data, understanding the current changes and forecasting, policy-making as well as making the right decisions for profitability.

  • The minimum eligibility is to have economics as the graduation or the post-graduation subject.
  • The average salary counts from 3 to 20 lakhs.
commerce option

Certified Public Accountant

A CPA does the work of auditing, taxation, reporting, and accounting process of organizations. CPA has a global appeal.

Financial Risk Managers

It is a certification for banking and financial professionals. 

  • Provided by Global Association of Risk Professionals or GARP.
  • The average salary is 10 to 12 lakhs.

Commerce overall creates contact between the centers of production and consumption and links them. Hope this article provided a lot of insights regarding career options in commerce. So what are you waiting for… Go and make your life more rapturous by selecting tumult careers.

By – ANSHIMA SHRIVASTAVA 

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