After clearing class tenth boards, students have to choose a stream from Science, Commerce, and Arts. Before deciding on the stream, you should know about different courses and career options available for a particular stream. If you are a commerce student then you must know about these courses for commerce students. Firstly, Let’s see the subjects that you are going to study in commerce. Important subjects in commerce for class 11th and 12th students are Accountancy, Business Studies, and Economics. You can choose to study commerce with or without Mathematics. There is an option for students to choose between Mathematics and Informatics Practices. The other subjects are English and one optional subject.
Commerce courses encompass a diverse array of subjects that delve into various aspects of business, finance, economics, and management. Commerce courses are designed to furnish students with a comprehensive understanding of the intricacies of the business world and to equip them with the requisite skills and knowledge to thrive in their careers.
UG-level Commerce courses offered to aspirants include BCom, BBA, CA, CS, BBA LLB, BBM, BSc, etc. At the PG level, popular Commerce courses are MCom, MBA, MPhil, MSc, etc. Among the Commerce courses, students can consider choosing specialisations such as Accounting and Finance, Banking and Finance, Accounting and Taxation, Actuarial Science, Business Administration, Applied Economics, E-Commerce, Financial Accounting, Banking and Insurance, Human Resources, Entrepreneurship, Accounting, and Auditing, etc.
Bachelor of commerce is an undergraduate program that can be completed in three years. B.com is amongst the popular courses for commerce students that many students pursue after completing their class 12th with commerce. There are two courses for B.com- B.com General, and B.com Honours.
Eligibility Criteria for B.com and B.com Hons.
Specialization in B.com Hons.
There are various subjects offered for specialization in B.com Hons. The most common subjects are:
B.com LLB is five years undergraduate program. B.com LLB is an integrated crouse that can be completed in five years. In B.com LLB the knowledge of subjects from both commerce and Law is provided. This course is a good choice for students having an interest in both commerce and law.
B.com LLB is completed in 10 semesters and it is mandatory to complete a 20 weeks internship during the course. B.com LLB is one of the best courses for commerce students who are interested in business and law.
Eligibility criteria for B.com LLB
Entrance exams for B.com LLB
Charted Accountancy is one of the popular courses for commerce students. The certificate of Charted Accountancy popularly known as CA is issued by the statutory body, Institute of Charted Accountant (ICAI). This statutory body was established in the year 1949 by an act of Parliament to regulate the profession of CA in the country.
CA is a very challenging course, the duration of CA certification is almost 5 years. Students having an interest in subjects like Taxation and Accounting can pursue this course. The career opportunities and salary for CA are very attractive. You can pursue this course with an undergraduate program.
Eligibility Criteria for CA
Different stages of CA
There are three levels in the CA course. To receive the certificate you have to clear each level. To reach the final course, it is necessary to clear the first two levels.
Common Proficiency Test (CPT)
CPT is the foundation level of CA certification. You can register for this exam in the 12th class and can appear for the exam after the declaration of 12th class results. There is a four months study period for the CA foundation.
There are 4 Papers in CA Foundation
To clear the foundation level you must score 40% in each subject and an aggregate of 50%.
Integrated Professional Competence Course (IPCC)
IPCC is an intermediate level of the course. To appear in the IPCC exam you must clear the foundation level. After registering for the IPCC exam there will be a study period of 8 months.
There are 7 papers in intermediate level
After giving CA intermediate exam you have to undergo training in IT and Soft Skills. You can complete this training while waiting for the results. This training should be completed before an Articleship training.
Articleship
Articleship is a practical training of three years you have to do under the guidance of a professional CA. You are eligible to register for this training after clearing an intermediate exam. In the last two years of articleship training, you can undergo advanced training in IT and Soft skills.
CA Final
CA Final is the last level of the CA course, you can register for the CA final in the last six months of articleship training.
There are 8 papers in the CA final
CA is one of the best courses for commerce students though, it is a challenging course but after pursuing this course you will get great career opportunities. There are many Job profiles you can apply for after completing CA such as Auditor, Stoke Broker, Tax Auditing, Accounting and Finance, and many more.
CMA is one of the best courses for commerce students. The certificate of CMA is issued by the Institute of Cost Accountants of India (ICAI). Students having an interest in Business, Financial Planning and Strategic Management, Profitability Analysis, etc. can pursue this course.
Eligibility criteria
3 levels of CMA
CMA Foundation
To appear in the CMA foundation exams you must be passed in class 12th and if you are a graduate you can directly register for intermediate level. There are 4 papers at the foundation level.
CMA Intermediate
To register for intermediate exams you must clear the foundation exams, Graduate from any discipline except Fine Arts.
You have to complete skills training before appearing for intermediate exams. You can also apply for practical training after registering for the Intermediate course.
Papers in Intermediate course are:
CMA Final
To give CMA final exam you must have passed the intermediate level, complete Industry oriented training program (IOTP), and 6 months of practical training.
Papers in the CMA final are:
After Qualifying all the levels and completing 3 years of practical training you can apply for membership of the institute.
The company secretary plays an important role in an organization, CS is responsible for the active administration of a company. In India, It is the CS who advises the Board of Directors and responsible for the legal activities of the organization.
Company Secretary is among the best courses for Commerce students. One year is the minimum duration to complete this course. CS course is offered by the Institute of Company Secretary India(ICSI). There are three levels in this course
Eligibility Criteria
CS Foundation Program
There are four papers in CS Foundation Program
CS Executive Program
There are eight papers divided into two modules in CS Executive Program
Module 1
Module 2
Professional Program (NEW SYLLABUS – w.e.f. 1st September 2018 )
Module 1
Module 2
Module 3
Electives 1 Out Of Below 8 Subjects
Certified Financial Planner is amongst the valuable certification courses for commerce students issued by Financial Planning Standard Board. Students who aspire to be Financial planners can pursue this course. The role of a Financial Planner is to help people manage their financial affairs.6 months is a minimum duration to complete this course. This course is a gateway for good job opportunities in the finance sector.
Eligibility Criteria
There are two pathways to gain CFP certification.
Regular pathway
One must have passed class 12th from any recognized board and clear all five modules. After Passing the 5 exams candidate can appear for CFP certification.
Challenge Status Pathway
Candidates who have cleared exams like CA(intermediate), CMA, CFA or have higher degrees like Ph.D., LLB are required to give the fifth exam to gain a CFP certificate.
Modules for CFP
There are 6 modules for CFP certification and five exams. There is no exam for the first module, its weightage is added to the other 5 exams (20% ) each.
The charted Financial Analyst program is for students interested in investment management and aspire to join the investing industry. CFA is a globally recognized certification that helps a candidate to develop skills in investment analysis.
This course is amongst the valuable courses for commerce students as they have prior knowledge of accountancy. CFA course is offered by the CFA Institute. The minimum duration to complete the CFA course is 1.5 years.
Eligibility criteria for CFA
Levels and subjects in CFA course
There are 3 levels and 8 subjects for CFA. All levels are comprised of the same subjects but specific weightage to each subject is assigned at every level. Subjects for the CFA exam are
Master of Commerce is a postgraduate degree course offered by various universities. The duration of this course is 2 years. M.com is amongst the popular courses for commerce students having a B.com degree. This course helps B.com students master the concepts they learned during B.com.
M.com course provides deep knowledge in commerce and banking. This course is also a great option for teachers and professors who aspire to enhance their skills and get a high-paid job. After pursuing M.com there are good job opportunities for B.com students.
Eligibility for M.com course
Entrance Exam
Specializations in M.com course
Some specializations offered in the M.com course are