Most Viable Career Options After Graduating From Commerce
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At a stage when you are going to complete your graduation from commerce or have just completed it, the thing that often comes to your mind is- what should I do next? The scenario is the same irrespective of the stream. There are plenty of options to explore. But which one is apt for you? That can be a tough choice to make.
So, if you’ve graduated or about to graduate from commerce, and are unsure of your career path, here are few career options you can pursue after your graduation.
1. Chartered Accountant or Company Secretary
Many students take up commerce in order to become a CA or CS. These professionals deal with accounting, auditing, finance, taxation, etc.
They can make a career in banking (private and government), public limited companies, auditing firms, Finance companies, legal firms, mutual funds, broking firms, patent firms, investment houses copyright registers, etc.
2. Actuarial Science
Actuarial science is a field dealing with the analysis of risk across various fields, such as insurance, business, finance, healthcare. Professionals here employ mathematical equations, statistics, and financial theories to determine risk and uncertainty associated with future events that could impact the business. It is one of the emerging career options and is extremely lucrative on the monetary front.
However, it is also considered one of the toughest careers. It is an option with longer workdays than others on average, but a relatively tough academic cycle. It can be a great career option if you enjoy numbers, statistics, and data analysis.
3. Economics
It is the study of production, transfer, and use of goods and services, and resources. It's a research-oriented career and would require you to learn and make use of various theories, principles, and models. Professional opportunities in this field include working as an economist, statistician, strategist, risk management analyst, operations research analysts, insurance underwriter, budget analysts, etc.
The field has an extremely positive future outlook, as there is a huge demand for qualified economists both in India and abroad.
4. Management
Management is the coordination, planning, forecasting, and organizing of a company's process, to ensure functioning and growth. It is another popular career route, with a relatively reliable career progression. It's a broad field that allows you the opportunity to select from different roles and specialization including operations, marketing, HR, finance, international businesses, sales, etc.
This option can be a little expensive when it comes to putting in the resources for education. But, it is an option that pays you back handsomely so don’t restrict yourself because of that.
In order to pursue your management studies abroad, you need to know about G MAT which is the crucial exam to crack for the same. Read more about G MAT.
5. Banker
To become a banker, you need to complete an internship and investment banking programs to get a license. An MBA degree improves your career options.
Bankers give their customers a wealth of services. They assist in initial banking requests such as setting up certificates of deposit and opening a checking or savings account as well as handling trust, investment accounts, deposit and opening a checking or savings account, investment accounts, deposits, line of credit, and much more.
You can appear for Bank Po exam after graduation in any steam, although degrees such as B.com, BBA, Economics can be advantageous over the others. Know more about Bank Po exam.
6. Law
A Law degree has a good career scope but you have to gain experience first to understand the profession and skills required to become a lawyer. You need to get a bachelor’s law degree or LLB recognized by the bar council of India to practice law in India. After completing their LLB course you will have career options like being an advocate, legal advisor, magistrate, judge, and much more.
You need to enroll themselves in the state bar council in whichever state they plan to practice. Also from this year, one needs to practice for at least 2 years in the lower court to start practicing in High court. To know how to pursue LLB click here.
7. Entrepreneurship
Entrepreneurship is a subject that refers to designing and running your own business. Entrepreneurs conceptualize the business idea, build the structure, function, and strategy, and subsequently design and launch the company. Entrepreneurship is a broad field, and one can be associated with a wide range of ventures to sell products, services, or processes. Not to mention that entrepreneurship is the emerging career option among millennials.
With one of the most number of start-ups across the world, India is the emerging country that is home to the budding entrepreneurs. However, this is a very risky path to pursue and is relatively more challenging than many other career options. The monetary returns may not be high in the beginning and in fact or maybe lower than what you expected. So, this option requires a little more effort and more will power than the other ones on this list.
8. Stockbroking
Stockbroking is a career that involves buying and selling of financial securities such as stock shares and bonds through the stock market. Stockbrokers manage the investment in stocks, bonds, and derivatives for their clients, and advise them about market fluctuations. Stockbroking is a possible career option for you if you have a propensity for following financial markets, such as Nifty and Sensex.
The minimum educational qualification required to become a stockbroker is graduation with at least 2 years of experience in a stockbroking firm. A sub-broker (the previous stage of being a broker) needs to have passed the class 12th standard to be eligible for his job. The minimum age requirement, in this case, is 21 years.
Conclusion
These were the main career options for commerce students after graduation. However, career options for commerce don’t end here. These are hundreds of other jobs which commerce students can apply to but they might not be core to the commerce stream. You can also explore different branches of arts and humanities as well if you have the passion to do as most of the job is skilled-based.
Irrespective of the stream and the career option you choose, you need to put in hard work and give your best efforts in order to succeed. That is the thumb rule for a successful career.
Written By - Siddharth Shankar
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