By: Kaustov Kashyap, HR & Career Consultant
Commerce is a stream that caters to almost all types of aptitudes and skills. If you are a business-oriented person, you can pick career options after commerce, irrespective of your aptitude in maths. A lot of students worry about the career options after 12th commerce, but the truth is if you have the right skill and aptitude, you can earn well in any line of business-oriented work you pick up. Commerce is taking the world by storm, and that’s because we are in the era of start-ups and entrepreneurship. Thanks to social media, small businesses are also coming to fruition, which increases the need for commerce graduates and commerce career options even more.
As a commerce student, you develop a great eye for detail, creativity, problem-solving skills, and communication skills. If you see your skill set matching the skills mentioned above or wish to develop them, you must consider the following career options after commerce.
Chartered Accountant
Chartered Accountancy is one of the most popular commerce career options after 12. A CA is an accountant who has received certification from a statutory body, deeming them qualified to take charge of the accounting and tax-related matters of a company, such as tax returns, audits of financial statements and business practices, and record keeping.
There are 3 phases you must successfully go through to become a CA. First, this involves a foundation course, you can appear for this after the 12th. If you complete your graduation, you don’t have to appear for the foundation course. Then comes the intermediate level. Once you clear the intermediate level, you become eligible for CA internships. After interning for 2 to 2.5 years, you become eligible to give the final exam and become a CA. Becoming a CA is a five-year journey that you must commit to.
Eligibility: 10+2, CA foundation, CA intermediate, CA final.
Salary (Per month): Rs 10,000 – Rs 1,50,000 Approx.
Risk Management Analyst
To be an avid Risk Management Analyst, you must have good supervision, observation, research, and coordination skills. In such career options after commerce, risk managers ensure that their client or company is not compromising in terms of regulation and operation of human and monetary resources. And if a company is at risk, they hire a risk management analyst to find a way to counter the situation.
If you are prevention-oriented and always ready with a contingency plan, then this is one of the best career opportunities after 12th commerce for students. After graduation in such career options after 12 commerce, you can start with entry-level jobs like Insurance Risk Surveyors, Data Analyst, Financial Risk Analyst, and many others and make your way up to Risk Management Analyst.
Eligibility: UG in Maths and Commerce related courses
Salary (Per month): Rs 30,000 – Rs 1,00,000 Approx.
Personal Financial Advisor
Commerce career options such as a financial advisor, make you responsible for suggesting the best possible solutions for your employer regarding investments, taxes, insurance, stocks, money management, and achieving their financial goals. If you have an analytical mind, excellent problem-solving skills, and feel good about guiding others, this can be one of the best career options after commerce.
Some organizations do not ask for a specific certification in the field, but you should consider undergoing a certified course in such commerce career options to have the edge over others. Again, you can look up FINRA, SEBI, and the like to know about these certifications.
Eligibility: UG Course in Maths, Economics, or Finance.
Salary (Per Month): Rs 30,000 – Rs 1,50,000 Approx.
Investment Banker
Investment bankers are financial advisors to businesses and, in some cases, governments. In such career options for commerce students, you help clients to raise funds. This means issuing shares, issuing bonds, negotiating the acquisition of a rival business, or arranging the sale of the business itself.
To pursue such career options after commerce, you must be highly detail-oriented, well-versed with MS office, a good team player, and open to taking directions efficiently, above all, you must be able to give in an extensive amount of time (approximately more than 80 hours a week).
You can consider doing an MBA, or CA since these are preferred qualifications in Investment banking but not necessary for career in commerce after 12th. As a graduate looking for career options for commerce students, you can join an entry-level job like a data analyst and make your way up.
Eligibility: UG course in any field (minimum percentage required-50 per cent), Entrance Exams
Salary (Per month): Rs 40,000 – Rs 6,50,000 Approx.
Actuary
Actuaries are business professionals responsible for managing financial risks to help protect the organization’s plans and defend against losses. In such commerce career options, you will use statistical techniques and mathematical skills to help companies and clients formulate policies to minimize risk costs.
For such career options after commerce, you need specialized mathematical knowledge, project management, and problem-solving skills, Interpersonal communication, and computer skills, such as developing spreadsheets, database operations data, and programming language, are necessary for these types of career options for commerce students.
Becoming an actuary will require you to obtain a bachelor’s degree to get started. Many institutions offer courses in actuarial science, but you can also study courses in business, mathematics, or economics.
Eligibility: UG Course with a mathematical subject.
Pay Bracket (Per month): Rs 28,000 – Rs 4,00,000 Approx
Digital Marketer
As a Digital Marketing professional, you will have to create and upload images from your organization’s website, write and deliver a marketing campaign by email, and accurately analyze the customer reports. Beyond this, such career options after commerce require you to use quantitative analysis to identify weaknesses in the advertising or branding of the organization and find ways to improve performance in social and marketing channels.
As a Digital Marketer you can try out various job profiles while staying within your arena, you can look for jobs that involve SEO Management, Content Marketing Specialisation, Social Media Management, etc. For such commerce career options, you must also be well-versed with the current societal trends and norms of the target population so that you can effectively reach them.
Eligibility: UG Course with any subject.
Salary (Per month): Rs 18,000 – Rs 60,000 Approx.
Career options after 12th commerce are promising but it is really important to have a clear vision and set of goals. For all career options after commerce, there are graduate and postgraduate courses available that bigger companies will be more attracted to. Therefore, all your efforts should be guided in a direction where you can see yourself becoming successful not just in terms of post or salary but in terms of well-being as well. The average salary of a personal financial advisor is Rs 18,000 to Rs 60,000 Approximately per month.
