If you want to know about the scopes of pursuing commerce after class 12th, you are in the right place. Commerce is one of the most popular fields among students of all age, especially for those who look after some sort of field here as a part of their future profession. 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. However, this is not always the case.
Every year, many private and government banks hire fresh commerce graduates as they believe that the most suitable candidates who can look after the economic needs of their company are none other than the commerce 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. But this is not the only scope. There are many other fields apart from CA, CS, or banking. Therefore, let us look at some of the scopes of Bachelor of Commerce after class 12th.
Investment Banker
An investment banker may initiate different projects for a customer, but the key responsibility of the property manager is to establish capital through announcing protection, whether money or assets. Investment bankers will also display returns to their clients, for judgment making. In a capitalist marketplace, finance bankers play a position in maintaining their customers boost resources to fund different exercises, and develop their ventures. They are economic consulting mediators who help estimate resources and designate it to different applications. As discussed earlier, learners of economics education and trade with finances. Hence, they are deemed as people who can perform the most useful take on how any corporation or common character can supervise their property or proceeds.
Expense Dealer
The purpose of an expense dealer is to implement economic information and guidance to complex societies and firms so that they can optimally create the value of their money and stretch their economic purposes. It is one of the greatest wage employment for business learners. Roles of investment banks incorporate the underwriting of fresh merchandise issues, managing alliances and acquiring, and serving as a financial advisor. Investment banks assist organizations to obtain mortgage financing by obtaining investors for corporate relations. This is one of the scopes of pursuing Commerce after 12th.
Chartered Financial Analyst
Chartered Financial Analyst is one of the highest distinctions in the investment management discipline. CFA is one of the highest paying jobs in India for commerce students with an approximate salary of around Rs. 12 lakhs per annum. The CFA Is the Most Prestigious Designation in Finance and Investment. First, if your goal is to invest professionally, then you are already aware of the reputation of the CFA Institute (CFAI) and its shareholders. CFA is one of the globally recognized commerce jobs and a CFA engages in several roles – wealth management, equity, and fixed income analysis, credit analysis, etc.
The full range of job functions includes relationship management and wealth management, credit analysis, chief investment officer, trading, accounting and auditing, and financial planning. The charter prepares you well for a variety of investment-related jobs, such as portfolio manager, risk manager, and research analyst. Seven per cent of CFA charterholders even go on to be chief-level executives. 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. This is one of the scopes of pursuing Commerce after 12th.
Chartered Accountant
If you are someone from the Commerce field, you are most likely to know about the Chartered Accountancy professional course. The Institute of Chartered Accountants of India or ICAI is a statutory body which designates a person as a chartered accountant after they have gone through a series of examinations and internship. It is one of the most popular commerce stream jobs. As a CA, they can handle the important accounts of a company and ensure that the finances are properly recorded and calculated. This is the most popular and common opportunity after B.Com pass as well. 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. 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 be sought after this field after your class 12th. This is one of the scopes of pursuing Commerce after 12th.
Certified Public Accountant
CPA is similar to Chartered Accountancy, but it is conducted by the American Institute of Certified Public Accountants or AICPA. Hence, the CPA has a global appeal. Aspirants who desire to earn the CPA designation must possess a bachelor’s degree in Business Administration/Finance/Accounting and complete 150 hours of education. All candidates must pass a four-part exam. A CPA handles taxation, auditing, reporting, and accounting processes of certain clients and corporations. It is one of the best commerce stream jobs which can give you financial security.
You need to have a Business or Accounting degree to get enrolled for the CPA exam and then, you have to pass the exam. A CPA can get around Rs.7-9 lakhs per annum and one of the highest salary jobs for commerce students. They offer advice to corporate bodies and families on taxes and financial planning. CPAs can bag different positions in public and corporate accounting hierarchy and climb all the way up to executive positions like the Chief Financial Officer (CFO). This is one of the scopes of pursuing Commerce after 12th.
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