Booming Opportunities for Commerce Graduates

The basic meaning of commerce refers to exchange of items/money/product/service between people or companies or organizations. Today, 95% of the trade involves money. When a product is demanded, it is developed and people commerce money for that product. Similarly when a service is delivered, people trade money to get an access of those services. Commerce is an essential component of commercialism. Commerce enables profit from its trade and more the commerce is wide-spread more is the demand for various products and services.

Importance of Commerce as a subject

Expanding alliance of the world economy and globalization has strengthened the importance of commerce.  As a subject, commerce includes studying various core aspects which include accounting, statistics and economics, finance, business administration, e-commerce. Today commerce has become one of the three basic academic streams and also one of the most preferred subjects by students. Taking commerce as your subject enhances your following skills:

• Knowledge of business and trade
• Economic/budgetary policies
• Industrial policies

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As we all know Indian economy is the fastest growing economies among the third world countries and day-by-day the need for talented young professionals who can contribute to the growth and increase the economy market is increasing rapidly. To oblige the purpose, Indian educational institutions have adapted a drastic change in its course structure to reach up-to the expectations.

Booming career prospects for Commerce

Until a few years ago, a degree in commerce with certain specializations would lead to obvious banking jobs and banking sector. The scenario is no more the same. For a commerce graduate, today there are surfeit opportunities in various sectors.

• Financial Services
• Banking
• Business and Industry
• Management and Entrepreneurial ventures
• LAW
• Hotel Management
• Government Services

Some of the not-well-known career prospects are discussed in detail below:

Capital Market: Stock exchanges or being a stock broker is quite common these days which is a synonym for capital market. Capital markets usually comprise of stock markets and mutual funds. Opportunities in this stream include:

• Business Development Managers/ Relationship Managers
• Advisors for marketing, distribution of the mutual fund schemes/ Advisors for investors
• Chartered Accountants/Financial Analysts/Economic masters/ Statistics masters
• Consultants

Cost Accountancy: The main objective of this stream is to frame policies of a company and the type of projects to be taken based on past and present financial performances. Opportunities include:

• Private enterprises/Government sector/Banking Finance sector
• Developmental agencies/education/Training & Research sector
• Service and Public utility sector
• Managing Directors/Finance director/Finance controller/Chief Accountant/Cost controller
• Marketing manager/Chief internal auditor

Banking: Banking is one of the most important careers that drive the Indian economy. With the socialization of the country, banking sector has undergone a drastic change and the sector has expanded its career opportunities from the regular banking operations to corporate baking, merchant banking, investment banking and treasury functions. Opportunities include:

• Assistant managers
• Clerks
• Officers in RBI
• Probationary officers

Company Secretary: Company secretary is one such specialization which is increasing tremendously day-by-day in commerce field of study. Opportunities include:

• Government/LAW departments
• Public/Corporate sectors
• Banks/Stock exchanges