Bachelor of Commerce or B.Com is one of the most popular fields among commerce students. A wide number of students opt up for this course after their class 12th. It is generally believed that earning a bachelor’s degree, particularly a B.Com degree in the commerce stream is a pretty good career move and often the minimum requirement for getting a job.
Every year, many private and government banks hire fresh B.com graduates. Candidates can work in the public as well as in the private sector. You can apply for government jobs like a bank, UPSC, etc. The course also prepares the students for CA and CS. Therefore, let us look at some of the scopes of Bachelor of Commerce after class 12th.
Actuarial Science
Actuaries examine the economic prices of opportunity and ambiguity. They use arithmetic, statistics, and business conjecture to evaluate the chance of possible results, and people benefit corporations and customers promote systems that lessen the charge of that opportunity. Actuaries’ performance is necessary to the assurance enterprise. An actuary is a company specialist who examines the economic importance of uncertainty. Actuaries use computation, statistics, and economic conditions to analyze unknown forthcoming issues, especially those of business to security and payment details. An actuary is a specialist who practices in the domain of investigating economic prospects by executing analytical, economic, and substantiated ideas.
In insurance, actuaries support in evaluating prospects that assist corporations in the calculation of bonuses for their organizations. Daily, Actuaries furnish counsel to purchasers on a commitment background, working as a counsellor. They produce, examine and improve supply security, annuity, and reward programs, managing business soundness and determining bonuses. Actuaries practice different kinds of forecast patterns to determine danger levels. These forecast patterns are based on hypotheses that propose to reveal real life, which is important for the pricing of each type of security. Defects in a model’s hypotheses may drive to added mispricing. Therefore, you can go for Bachelor of Commerce after your class 12th.
Computer Secretariat
Many people go for CS after or during their B.Com. CS is completely a different course than CA or ICWAI. It’s more about the legal aspect of business and qualitative analyses. You need to be prepared to suggest the paths to the board of directors of the company and often will join as an Executive Secretary to MD or CEO. In the case of CS, you need to clear Foundation, Executive and Final Courses. But the opportunities for the Company Secretary have immense potential. They use computers for many aspects of the job, including correspondence, desktop publishing, and Internet research. Clerical secretaries use spreadsheets and databases to efficiently store and present data. They monitor stockroom supplies and replace items as necessary. Thus, if you want to join the legal aspect of any business, then you can go for this field through the Bachelor of Commerce Road after class 12th.
Chartered Accountant
This is the most popular and common opportunity after B.Com pass. Rather many students pursue Chartered Accountancy along with their B.Com. As a chartered accountant, you’ll give advice, audit accounts, and provide trustworthy information about financial records. This might involve financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery, and insolvency, or accounting systems and processes. The Chartered Accountant is responsible for implementing accounting systems and processes, preparing monthly financial reports, controlling the master data of the general ledger, and ensuring compliance with the state revenue service.
Chartered Accountant contributes to fields of Tax planning, capital budgeting, budget forecasting, financing or any other activity, preparation of books of accounts, and in every field as well. In the current scenario, after GST implementation, the role of Chartered Accountants has become very important. Therefore, if you think that you can maintain the Tax Planning and other economic aspects which are related to a company as well as the national economy, then you can seek after Bachelor of Commerce after your class 12th.
Business Risk Analyst
A risk analyst evaluates financial documents, economic conditions, and potential clients to help companies determine the level of risk involved in making a particular business decision. They should be able to use software programs, including Excel, and complete extensive research to evaluate business decisions. Risk analysts examine a firm’s investment portfolios, including overseas investments, and analyze the risk involved in associated decisions. They use their analytical skills to project potential losses and make recommendations to limit risk through diversification, currency exchanges, and other investment strategies. Business analysts (BAs) are responsible for bridging the gap between IT and the business using data analytics to assess processes, determine requirements, and deliver data-driven recommendations and reports to executives and stakeholders. Therefore, if you think that you can handle the financial documents, then you can go for Bachelor of Commerce after class 12th.
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