Career after 12th Commerce stream
Generally, most parents and guardians suffer from a great bias regarding commerce stream and they think that the commerce stream is suitable only for 'non-smart' students.
Apart from this, for students with technical and research tendency, science and theoretical studies and arts for students interested in performing arts are considered appropriate. But the commerce stream is said to be right for students who are comfortable with 'crunching numbers' and want to become accountants in future. That is why many students believe that the scope of the study is very limited under Commerce Stream as compared to other streams. But this is a common practice and cannot be said to be true in the subject of commerce or any other streams. Some topics and a wide range of specialization and study options are discussed in further detail for students taking the Commerce stream.
Main topic/subdomain
Despite the prejudice related to commerce streams, the popularity of this topic has been increasing very fast for the last few decades. Due to the growing economy, a golden opportunity for a professional career and high scoring, the tendency of students to take this subject in high school or later has increased. Earlier this stream was limited to a few subjects related to accountancy and economics, but today many subjects are being studied under it. some of them are -
Economics
A student with a commerce stream has to deal with many financial and economic concepts. During 11th and 12th grade, students have to study Economics, Indian Economic Development, Statistics, Microeconomics and Macroeconomics etc. mainly. To do very well in additional economics, it is very important to develop a conceptual understanding of the subject and practice problems and numerical.
English
Like every stream, commerce stream also has to read English as a compulsory language. The English students learn in the Commerce stream are quite different from the English in other streams and have to focus mainly on the basics of the language including grammar, syntax and vocabulary development. Apart from this, students also learn business communication and other aspects.
Accountancy
Accountancy is a core subject of the commerce stream 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 standards, GST, recording of business transactions and similar concepts of 11th. In class 12th, students have to study accountancy, partnership firms, analysis of companies' cash flow statement and financial statements and computerize accounting for non-profit organizations.
Business Studies / Organization of Commerce
Business studies or commerce organization is a very important subject for commerce students during high school. In the 11th class this subject studies the types of business organizations, emerging business models, types of industry, social responsibility and business ethics, sources of business finance, small business, internal business and the nature and purpose of international trade, etc. . In class XII, intensive study of management principals, business environment, planning, staffing, organization, control, finance market, financial management, marketing management and consumer protection is done.
Mathematics
Mathematics is an optional subject for commerce stream students but it is very important if students want to pursue a career in core accountancy or similar domain. Relations and Functions, Algebra, Calculus, Liner, Programming, Probability, Vector and Matrix are studied in the mathematics of commerce stream.
Information practices
Information practices are an optional subject for the commerce stream students which students choose according to their interests. The basics of computing and database management are explained in this subject. Additionally, it focuses on topics such as business computing theory, programming and relational database management systems.
Scope of further study
A common question that keeps most students away from the commerce stream is that the scope of further study in this stream is quite limited. However, this is only a speculation and may be true in the distant past. But today the importance of this stream is equal to the other two streams arts and science.
Degree level courses
After passing the 12th from Commerce stream, students can choose any one of the many degree courses available. The details of the main courses are as follows-
B.Com
B.com stands for Bachelor of Commerce. This course can be selected after passing 12th standard with commerce subject. It is a three-year degree level course. Under this, studies of fundamental principals of accounting and finance etc. are conducted. The main subjects of this course are
- Entrepreneurship
- Corporate accounting
- Business Regulatory Framework
- Economics
- Computer Application & IT
- Income tax
- Auditing
- Human Resource Management
- Statics
- Banking and insurance
- company law
- Business communication
- Management accounting
- Marketing
- Mathematics
- Business environment
BBA / BMS
If you want to do management or MBA, then after you 12th, doing BBA or BMS will be the best option. Bachelor of Business Administration (BBA) / Bachelor of Management Studies (BMS) is degree level courses. It has been designed with a view to providing students with a correct understanding of management. Many colleges offer admission on the basis of 12th score/merit. But there are also some colleges where admission is based on the marks of its entrance exam.
BA + LLB
If you are interested in law or legal studies, then an integrated five-year program ie BA + LLB would be right for you. The integrated program covers the students pursuing their graduation degree course during the first three years in the subject or specialization chosen and during the last two years, they focus on legal studies or related programs. It is another interesting study option for commerce students who want to pursue a career in law and their related fields such as corporate law, taxation law and allied domains.
BBA + LLB
Similar to BA + LLB courses, BBA + LLB courses are also an integrated four-year program, which offers graduation level as well as law. Students who want to become legal consultants in corporate companies or to practice their own with legal clients can do this course.
BCA
Nowadays computer and technology are everywhere. Life has become impossible without them, so taking BCA or Bachelor of Computer Applications can be the right start for a bright career for students. The BCA course is a three-year degree level course. Under this, the study of coding and computer application development is conducted. Students who have passed 12th standard with Maths subjects can do BCA course.
Professional courses
Commerce stream students also have the facility to undertake a variety of professional courses that can shape their academic and professional future.
There are many professional courses available for students after completing class 12 from commerce stream. Chief among them are:
Chartered Accountancy (CA)
Awarded by the Chartered Accountants of India (ICAI), the Chartered Accountancy degree is the most popular professional course among commerce stream students. Being a professional course, it provides many career opportunities for students. In addition to self-employment or self-practice, one can start his career as an independent CA or CA in major Indian and multinational companies, local and foreign banks and audit firms.
Certified Financial Planner (Certified Financial Planner, CFP)
If you are interested in personal finance and wealth management, then becoming a certified financial planner will prove to be the right career option for students. Students with commerce stream have already studied taxation policy, investment fundamentals and general awareness etc. under their initial syllabus and hence proved to be very useful in taking a course of a certified financial planner and becoming a certified financial planner. is.
To become a Certified Financial Planner, students are required to obtain a certificate from the Financial Planning Standards Board (Financial Planning Standard Board of India, FPSBI). The Financial Planning Standard Board of India offers a technical program aimed at imparting a thorough knowledge of the art and science of students in the Financial Stream, Financial Planning, Personal Financial Advisory Practices, Taxation, Risk Management and other disciplines and with the right training.
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