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What is commerce as a stream?
Commerce teaches students about trade and exchange, i.e. the relationship between a producer and a consumer. Commerce is offered as a stream in class 11 and class 12. The main subjects taught under commerce are as follows:
1. Accountancy
Accountancy is a subject that deals with identifying, classifying, recording, analyzing, summarizing, interpreting and communicating transactions entered into by a company or any firm.
2. Business Studies
Business studies give an in-depth interpretation of all specialties that come under business such as accounting, financing, consumer relationships, marketing, etc.
3. Economics
Economics is a subject that explains how the economy of a country works under various conditions.
Why you should choose commerce with maths?
Commerce with maths is a stream that is very interesting and gives benefits in the future. Taking commerce with maths especially holds very much importance. It gives you more career options and helps you achieve them with a little less effort. These career options include Chartered Accountancy, Cost Accountancy, Financial Analyst, etc. since these options require quantitative aptitude and knowledge of mathematics which is taught in class 11 and 12 as the base level of such careers.
What are the career options available after commerce with maths?
There are several good career options available after choosing commerce with maths as a stream in high school. These career paths not only provide a good standard of living but also job satisfaction since each path is interesting in one way or the other. Some of the career options available are as follows:
1. Bank PO
Bank PO or Bank Probationary Officer is one of the highly reputed and acknowledge posts in the banking system. The job of a bank PO includes learning of practical application of finance, banking, etc. As a bank PO, you have to perform planning, budgeting, marketing, etc. You also have to perform managerial tasks such as taking decisions in favor of the bank, check the duties of bank clerks and your aim should be to manage not only your branch but other branches of the bank effectively and efficiently.
2. Chartered Accountancy
Chartered Accountancy is indeed one of the most reputed jobs all across the country. CAs work in different types of organizations with the same aim, to increase the profitability of your employer’s firm. As a CA, you are given complete responsibility for the financial accounts of a firm. You are required to manage budgets, maintain accounting records, and give advice and assistance to your employer before he/she decides to enter into transactions that might financially affect the firm.
3. Actuarial Science
Actuarial science is the study of analyzing and calculating the risk involved in insurance, government, a particular profession, etc. Based on mathematical knowledge and statistics. A person who takes up this profession is known as an actuary. As an actuary, you have to use your knowledge to interpret the probability of the profit, loss, or risk involved in business activity. Actuarial science is an upcoming profession and also one of those professions that give high returns and job satisfaction.
4. Management
Management is a vast career option that provides you with various sub-options. You can become a financial manager. The job of a financial manager is to take care of the financial health of a company. As a financial manager, you need to prepare reports, direct investment activities, and work hard to protect the long-term interest of the firm you’re working for. Similarly, other managers have their main objective as to serve the best for the organization they are working for.
5. Company Secretary
CS is an emerging profession that is being valued a lot these days. As a CS, you have to take care of the efficient administration of a company, especially concerning legal and statutory compliance and government-related issues. You have to advise on how to run the business so that profits increase, deal with conflicts, prepare financial reports, assist in planning, etc. You can work for both- public and private sector organizations.
6. Finance
Finance is a broad sector. It involves various career options such as financial analyst, corporate finance, wealth management, etc. This profession involves helping businesses and individuals in making various financial planning decisions, maintaining and raising capital for expansion, etc. You need to take a good grasp of economics and accounting concepts if you are willing to get into this sector.
7. Cost and Management Accounting
CMA is a well-reputed profession. It was earlier referred to as Cost and Works accounting. As a CMA, you work alongside the corporate executives to prepare a financial plan and strategy for the company. You are also required to make and audit financial reports for regulatory authorities, creditors, tax administrative authorities, etc.
8. Stockbroking
Stockbroking refers to the buying and selling of stocks on the stock market. Stockbrokers are the people who manage investments in stocks, bonds, etc. for their clients and inform as well as advise them about the market fluctuations. You are required to have good knowledge of financial markets such as NIFTY, SENSEX, etc. As a stockbroker, you can work with brokerage firms, insurance companies, banks, etc.
9. Statistics
In the field of statistics, you are required to interpret, analyze, and represent numerical data. As a statistician, you need to solve various problems and recommend certain strategies and ideas to the company to make the functioning of the company better and more efficient. This career is challenging but involves the flexibility of work opportunities and possibilities to work across various sectors as a statistician.
10. Entrepreneurship
Entrepreneurship is the broadest sector since it refers to the starting-up of a new form, company, or whatever a person wishes to start. It remains a risky sector since starting up a business does not necessarily mean that it will be successful and yield profits. To be successful at what you do, you need to be creative, have adequate business knowledge, and most importantly, enough capital to invest in your new firm.
Written by - Hunnar Kaushal
Edited by - Chhavi Gupta
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