Commerce is a vast field full of opportunities. It teaches you the principles of what actually happens in the real world of business. Unlike other fields, Commerce is not about reading a textbook and implying things. It is about gaining knowledge about everything that is happening around you – and understanding the reasons behind what happens.

For example:

If the price of candy is Rs 5/-, then the quantity demanded is only 1 piece. However, if you bring down the price of the same candy to Re 1/-, the demand may rise to 5 pieces.

If the price reduces, the demand for the quantity often rises. Understanding this is ‘marketing’. When you study commerce, you get to understand why such things happen, and how you can apply them in the real world.

Many people think that the world of commerce is dull and boring. Nothing can be farther away from the truth. There’s always something exciting bubbling up in the business world. It includes several activities like:

• Supply
• Demand
• Accounting
• Forecasting
• Research
• Analysis
• Marketing
• Management

and more.

Each of these aspects has courses linked to it that students can do after 10+2 or the intermediate exam. Students can choose one of the courses depending on their interests and career goals.

Some of the best courses or most popular courses Commerce students pursue after Class 12 are:

Bachelor of Commerce (B. Com)

Commerce is a three-year under graduation degree that revolves around accounting, taxation, finance and management. Students with a keen interest in Accounts generally prefer B. Com after the 12th.

Course Level: Under Graduation

Duration: 3 years or 6 semesters

Eligibility: 10+2 in commerce with maths

Course Fees: INR 30k to 4 lakh

Salary after Graduation: INR 18k to 25k per month

Positions You Can Get after B.Com: Accountant, Finance Analyst, Job Consultant, Stock Broker, Chief Financial Officer, etc.

Some of the core subjects taught in B. Com are related to:

• Accounts: Covering Theory of Accounts, Financial Accounting, Cost and Management Accounting, and Corporate Accounting
• Economics: Covering Micro Economics and Macro Economics, including topics like Demand, Supply, Price Mechanism and others
• Maths with Computer: In B.Com, Maths is combined with the introduction to Computers, including topics like Algebra, Trigonometry and Calculus. It helps Commerce students to understand the practical application of Maths in the business world.
• English: This covers all the grammatical rules, understanding of English Literature and effective communication skills. A Commerce stream student needs to be able to communicate effectively in the professional world.
• General Awareness: This includes an understanding of current affairs, national and international news, and general topics related to the business world.
• Management: Students get to understand the ways of managing businesses, including topics like organizational behaviour, Human Resource Management, Business laws and more – all key aspects to success in the business world.
• Law: This includes topics like the Indian Contract Act, Negotiable Instruments Act, Corporate Law and more.
• Taxation: These include Income Tax, Direct and Indirect taxes etc.
• Banking and Financial Systems: This includes topics like Money Market, Capital Market and Banking Systems.

and more.

Top Colleges or Universities for B. Com

• Christ University, Bangalore
• Sri Ram College for Commerce (SRCC), Delhi
• Hans Raj College, Delhi
• Symbiosis College of Arts and Commerce, Pune
• SMS Varanasi

Bachelor of Business Administration (BBA)

BBA is also a 3 year under graduation degree program. It is all about management. The basic difference between B. Com and BBA is that the backbone of B. Com is Accounts and the backbone of BBA is Management. BBA is really an interesting degree to pursue. It is easy, creative and immersive.

Course Level: Under Graduation

Duration: 3 years or 6 semesters

Eligibility: 10+2 (A student from any stream (Science, Commerce, or Arts) can pursue BBA)

Course Fees: INR 20k to 4 lakh

Salary after Graduation: INR 20k to 25k per month

Positions You Can Get after BBA: Financial Manager, Marketing Manager, Sales Manager, Sales Person, Recruiter, HR, etc.

The subjects that are taught in BBA are related to:

• Management: Covering Principles of Management, Business Environment, Organizational Behaviour and more.
• Accounting: The course includes Introduction to Accounting, Costing Principles and Financial Management
• Business Law: This includes topics from the Indian Contract Act and other related laws.
• Economics: An easy subject for a student from the Commerce stream, it covers Micro Economics and Macro Economics. Future managers need to understand the economic environment for making their decisions.
• Soft Skills: A course related to Communication and Presentation Skills is mandatory for BBA students as they need to be able to effectively communicate in the business world.
• Human Resource Management: This includes topics like Leadership, Team Building and Motivation.
• Regulatory Framework: A course that aims to give an understanding of the laws and regulations governing businesses.

and more.

Top Colleges or Universities for BBA

• Symbiosis Centre for Management Studies, Noida (Symbiosis International University)
• Anil Surendra Modi School of Commerce, Mumbai (NMIMS University, Mumbai)
• Maharaja Surajmal Institute (Guru Gobind Singh Indraprastha University, Delhi)
• SMS, Varanasi (affiliated with Mahatma Gandhi Kashi Vidhyapith (MGKVP), Varanasi)

Bachelors in Economics

Also known as BA in Economics. The main subject, as we can see, is Economics. Those students who have a specific interest in Economics should definitely go for this one. There are many opportunities available for an Economics graduate.

Course Level: Under Graduation

Duration: 3 years or 6 semesters

Eligibility: 10+2 (A student from any stream (Science, Commerce, or Arts) can pursue the Economics degree program)

Course Fees: INR 20k to 4 lakh

Salary after Graduation: INR 15k to 25k per month

Positions You Can Get after Bachelor in Economics: Personal Financial Advisor, Actuary, Statistician, Operations Research Analyst, etc.

The following are subjects being taught in the undergraduate Economics degree program:

• Statistics: The course covers topics like Statistical Analysis, Hypothesis Testing, etc.
• Microeconomics: It covers topics like Demand and Supply, Consumer Behaviour, Production Theory, Pricing of Factors of Production, etc.
• Macroeconomics: It covers topics like Monetary and Fiscal Policies, Economic Growth, International Economics, etc.
• Operation Research: Operation Research is important to an Economics graduate. This includes topics like Linear Programming, Queuing Theory, etc.
• Political Economy: Students need to know about how the government plays a role in Economics. This includes topics like Political Ideology and Government Policies.
• Econometrics: Econometrics is a subject that deals with the application of mathematical, statistical and computer-based methods for solving economic problems.
• History of Economics: The knowledge of economic history helps in understanding the context of current economic activity.

and more.

Top Colleges or Universities for Bachelor in Economics

• Lady Shri Ram College for Women (LSR), Delhi
• Loyola College, Chennai 
• CMR University (CMRU), Bangalore
• St. Xavier’s College, Mumbai
• Shri Vaishnav Vidyapeeth Vishwavidyalaya (SVVV), Indore

Bachelor of Management Studies (BMS)

This course is a 3-year under graduation course which focuses on the managerial aspect of the business. Studying Management can be very helpful as the success of every organization depends on good management.

Management is the backbone of an organization. Without management, no organization can exist.

Course Level: Under Graduation

Duration: 3 years or 6 semesters

Eligibility: 10+2 with Commerce Stream

Course Fees: INR 1 lakh to 5 lakh

Salary after Graduation: INR 15k to 50k per month

Positions You Can Get after BMS: Manager, Specialist, Banker, Analyst, etc.

Subjects taught in BMS include:

• Human Skills: The reason BMS students learn human skills is that they will be dealing with people and it is important to understand their behaviour. This includes topics like Interpersonal Skills, Communication Skills, etc.
• Accounts: Management Studies graduates need to know the basics of Accounts. This includes topics like Accounting Principles, Advanced Accounting, Cost and Management Accounting, etc.
• Management: The core subject of a BMS course is Management. This includes topics like Principles of Management, Organizational Behaviour, etc.
• Computer: Like any other field, BMS graduates need to learn the basics of computers. This includes topics like MS Office, Database Management Systems, etc.
• Marketing Management: The topics covered in this course are Brand Management, Advertising and Promotion Strategies.
• Human Resource Management: HRM covers topics like Training and Development, Recruitment and Selection, etc.
• Financial Management: A core subject for future managers, this includes topics like Financial Analysis, Investment Decision Making, etc.
• Management of Co-operatives: Students need to learn about the principles of Co-operative Management and its practices if they aim to join a cooperative organization.

Top Colleges or Universities for BMS

• Shaheed Sukhdev College of Business Studies (SSCBS), New Delhi
• Bennett University, Greater Noida
• Xavier’s College, Mumbai
• VIT – AP School of Business, Amaravathi

Chartered Accountant (CA)

It is a totally different course as compared to the ones mentioned above. This course is conducted by ICAI (Indian Chartered Accountants Institute).

After 10+2 the student has to apply for CPT Exam. After CPT is done, the student needs to qualify Integrated Professional Competence Course (IPCC).

Articleship needs to be done under an officially practicing CA for 3 years. Once it is done, CA finals need to be given.

There are several more courses like CS, CMA, etc.

Conclusion

Commerce Stream in 10+2 is a great foundation for those who want to pursue higher studies in the field of Accounting, Management and Economics. There are several courses available after the 10+2 commerce stream which can help students build their careers.

If you need help with choosing the right course for you, do not hesitate to reach out to us. We have experienced and knowledgeable professionals who can guide you in the right direction.  Good luck!