Students normally get confused as to which degree or professional course to undertake in order to build up a good career base. Simply stated, What to do after 12th Commerce is a common query that students tend to face once they reach 12th standard.
Parents are also worried about the career options for their children that will set a good platform for them to become successful in life. There are numerous career options to select from. But, you wish to select the best for yourself.
Commerce is a vast field where you will get to explore a variety of areas based on the course you select like:
- Investment banking
- General Banking
- Decision making
- Teaching etc.
10 Best Courses after 12th Commerce:
1. Bachelors of Commerce (B.Com):
This is the general degree that spans over a period of 3 years that you can pursue after completing your 12th commerce. Having a normal B.com degree proves quite handy even if you are pursuing any of the professional courses. It is always beneficial to complete your graduation that may help you later on if you go for higher studies.
You can pursue B.Com as a full time course or through correspondence depending upon your choice. Distance education courses or correspondence courses are beneficial if you are also pursuing a professional course like CA, CS etc. Otherwise a regular degree is a better choice.
2. Bachelors of Commerce (Honours) or B.com (Hons):
This is similar to B.com but in an extensive form with specialisation in a particular subject or field like Accountancy, management or economics etc. The industry demand for B.com (Honours) is somewhat better than normal B.com. However,the admission criteria and eligibility conditions might be similar for both. These may slightly vary for different universities/colleges.
3. Bachelors in Economics:
This is yet another option for commerce students to pursue after their higher secondary education. You will get to experience practical knowledge on various economic concepts, economic policies, analytical methods and programs etc. If you are keenly interested in economics and want to gain specialisation about the economic framework, this might suit you.
If you want to prepare for Indian Administrative Services or IAS, having an economic background shall be an added advantage for you.
4. Bachelors of Business Administration (BBA):
This is a 3 year Business administration course helping to build a base in core business disciplines. You get to explore different functional areas of a business environment. So, if you are interested in getting an exposure to the various business aspects and get a hold of the concepts of business administration, this course might be your choice.
In addition to academic learning, if you pursue BBA from a good university, you get well versed with business insights and real world business skills.
After completing your graduation, you can look forward to a Post graduation degree like M.Com (Finance) or MBA (Finance) or MBA with specialisation in any other field as per your preferences. This is an obvious choice for the ones thinking to build their career in the financial and business management field.
5. Bachelor of Management Studies (BMS):
Another undergraduate programme designed to prepare students in the field of management. This is a 3 year course that provides theoretical and practical training which helps to inculcate leadership and managerial skills. A good understanding of managerial practices and concepts can guide you to explore ample of opportunities in the business world.
You get to learn and add varied knowledge in the field of management, human resources, organisational theories, research methodology etc. The demand for skilled managerial professionals has seen an increasing trend. So, having the requisite degree from a reputed institution can help you to become successful in the corporate world.
Some colleges might have renamed their BBA Course as BMS Course. So, don’t get confused and just clarify all the details beforehand from the respective college.
Please note that semester system is being followed for most of the Bachelors and Masters degrees these days. Hence, check out all the relevant course details, fees, duration and other important aspects from the respective colleges/universities.
Professional Courses after 12th Commerce:
6. Chartered Accountancy (CA):
This is the best professional course for building a successful career in commerce. Becoming a Chartered Accountant opens the various doors to exciting career opportunities in diversified sectors. You can act as a Tax Consultant, an auditor, an advisor, a financial officer and so. This entirely depends upon whether you go in your own independent practice or you settle for a corporate job.
No doubt, CA requires lot of hard work and sincere efforts to enter this esteemed profession.
It might be easy for CA entrants to clear the initial level. But, the higher levels you reach i.e. Intermediate (IPCC) and CA Finals, the tougher it gets. So, complete determination followed by consistent efforts are the keys to success. The new curriculum has been launched for CA Course wherein you need to do Foundation, Intermediate and Final levels.
This professional course is provided by The Institute of Chartered Accountants of India (ICAI). Its Head office is in New Delhi, branches are located all over India. You can visit the official website www.icai.org to get deeper insights on the course, eligibility conditions and admission procedure.
This a well known course promising rewarding career in the field of accounting, taxation, auditing, financial reporting to name a few. The theoretical knowledge alongwith the practical training (articleship) that you get helps to build a name and respectable position for yourself.
7. Company Secretary (CS):
This is another professional course that is opted by students after 12th commerce. This course is provided by The Institute of Company Secretaries of India. A Company Secretary is basically responsible for all the regulatory compliance of the company and acts as an in-house legal expert. After doing CS you have an option to practice independently or look in for a job in the corporate world.
8. Cost and Management Accountant (CMA):
This course is provided by The Institute of Cost Accountants of India or ICWAI. Certified Cost Accountants maintain cost accounting records, do cost auditing, helps in planning, controlling and costing of products.
You can do your own practice as CMA or hold managerial positions in public as well as private enterprises. The role of Cost Accountant goes beyond that of Financial Accountant by helping in production operations and processes. You can chose the cost audit area, certification and consulting areas.
9. Certified Financial Planner (CFP):
Are you are interested in building a career in areas of Personal finance, wealth management, insurance planning, mutual fund investing? If yes, then this might be a great fit for you. So, if you want to enter the financial planning world, then you need to get this certification as a Certified Financial Planner or CFP.
Financial Planning Standard Board India or FPSB India is the principal licensing body that grants CFP license.
So, if you are thinking to become a financial planner helping people in their investment planning, tax planning, insurance, retirement planning, CFP is a must have.
10. Bachelor of Law (LLB):
LLB is also a common degree that students pursue after their 12th standard. You might already know who a “lawyer” or “advocate” is and what are his duties.
The Bar Council of India (BCI) is the main regulatory body of Law Education in India. BCI provides certificate of practice after completion of LLB. In order to practice you need to clear the All India Bar Examination.