All about the stream: What is Commerce?
Commerce deals with numeric data. Therefore if you are someone who is fascinated by transactional data or economic trading, then this could be the perfect course for you. This course is also ideal for business aspirants who wish to know the in and outs of trading.
The most popularly opted course at the undergraduate level for students wishing to pursue commerce is B.com and the Masters' level is M.com. However, there are various other degrees such as BBA, MBA, CS, CA, etc. that students pursue in this field.
Students who remain intrigued by numbers can opt for specialisations such as Accounting, Finance, Banking, Taxation, Auditing, etc. Whereas, those that remain intrigued by the business side of things can opt for Business Administration, Economics, E-commerce, Entrepreneurship, etc.
Degrees Offered for Commerce Stream
The following are some degrees offered under the commerce stream:
- Bachelor of Commerce (B.Com)
- Bachelor of Business Administration (BBA)
- Bachelor of Arts (BA)
- B.Com with the Association of Chartered Certified Accountants (ACCA)
- Bachelor of Commerce-Bachelor of Legislative Law (B.Com LLB)
- Bachelor of Business Administration-Bachelor of Legislative Law (BBA LLB)
- Bachelor of Business Management (BBM)
- Bachelor of Business Studies (BBS)
- Bachelor of Management Studies (BMS)
- B.Com with Chartered Accountancy (CA)
- B.Com with Cost and Management Accountancy (CMA)
- B.Com with Company Secretary (CS)
- Bachelor of Statistics (B.Stat)
- Bachelor of Accounting and Finance (BAF)
- Bachelor of Banking and Insurance (BBI)
- Bachelor of Financial Markets (BFM)
- Master of Commerce in Development and Finance
- Master of Commerce (M.Com)
- Master of Business Administration (MBA)
Specialisations in the field of Commerce
Here is a list of specialisations that the student can opt for in the field of commerce:
This course teaches students the roles that bank play in an economy, the execution of monetary policy, and the management of currency at these financial institutions. Some of the courses under this specialisation other than Banking are Banking and Finance, Banking and Insurance, Bank Management, etc.
A degree in Finance not only equips students with financial skills but also teaches them how finance influences the way organisations behave. Students looking for an understanding of Finance, other than a degree in Finance can opt for Taxation, Financial Management, Accountancy, Accounting and Finance, and Finance and Control.
A degree in Business teaches students how to operate businesses and manage them well. Students wishing to pursue Business in the commerce stream can look at Business Management, Business Administration, Business Economics, Marketing, Statistics, and E-commerce among others.
Students studying this specialisation learn about economics, accounting, statistics, and auditing. They then apply the knowledge that they have gathered in these fields in sectors like BPO, IT, MIS, ITeS, etc.
Top 15 Colleges for Commerce in India:
- Miranda House, New Delhi
- Hindu College, Delhi
- Presidency College, Chennai
- Loyola College
- Lady Shri Ram College For Women, New Delhi
- PSGR Krishnammal College for Women, Coimbatore
- Atma Ram Sanatan Dharm College, New Delhi
- St. Xavier`s College, Kolkata
- Ramakrishna Mission Vidyamandira, Howrah
- Kirori Mal College, Delhi
- St. Stephens's College, Delhi
- Shri Ram College of Commerce, Delhi
- Rama Krishna Mission Vivekananda Centenary College, Chennai
- Hans Raj College, New Delhi
- Sri Venkateswara College, Kolkata
Eligibility Criteria for studying Commerce
- Students who have sat for their class 12 boards can apply.
- Candidates who had Economics, Maths, Accounts, etc. are eligible to apply.
- Students expecting their board results in class 12 can also apply.
- Candidates need to have a bachelor's degree in commerce stream from any recognised university.
- Students need to have a minimum of 50% as their aggregate for applying to most of the postgraduate commerce courses.
Entrance Exams for studying Commerce
Here are some top entrance exams for the field of commerce:
- Institute of Chartered Accountants of India, Chartered Accountancy Exam (ICAI CA).
- Institute of Company Secretary of India, Company Secretary Exam (ICSI CS).
- Institute of Cost and Work Accountants, Cost and Management Accountancy Exam (CMA).
- Chartered Financial Analysis Exam (CFA).
- Common University Entrance Test (CUET).
- Symbiosis Entrance Test (SET).
- Indraprastha University Common Entrance Test (IPU CET).
- Ajeenkya DY Patil University Common Entrance Test (ACET).
- Christ University Entrance Exam
- Aligarh Muslim University Entrance Exam (AMU Entrance Exam)
- Jamia Milia Islamia Entrance Exam
- Delhi University Entrance Test (DUET)
- Banaras Hindu University Post Graduate Entrance Test (BHU PET)
- Central Universities Common Entrance Test (CUCET)
Aptitude required for studying Commerce
If you wish to take up commerce as a subject, below are some skillsets that you should master:
- Quick Thinking Skills
- Problem Solving Skills
- Leadership Skills
- Multi-tasking Skills
- Adaptability Skills
- Ability to be committed to their work
- Core Confidence
- Critical Analysis Skills
- Good Communications Skills
- Numeric Skills
- Negotiation Skills
- Time Management Skills
- Should be able to coordinate with his team well
- Logical Reasoning
Fees for Commerce Students
An undergraduate course in media communications at a private university is expected to be anywhere between 6.470K - 13.50L. However, the same course from a government university is expected to be somewhere between 3.24K-3.09L.
A postgraduate course in media communications from a private university is expected to be anywhere between 4.25K - 4.30L. However, the same course from a government university is expected to be somewhere between 6.28K-2.04L.
Doctoral courses in media communications from a private university are expected to be between 45.60K-18.00L. However, a doctoral course from a government university can cost somewhere between 1.53K-2.70L.
Please note that all the numbers mentioned above are estimates and that the course fee differs from university to university.
Scholarships for Commerce students
- Sarla Devi Scholarship
- CLP India Scholarship Scheme
- Azim Premji University Undergraduate Scholarship
- Ranker Scholar Aptitude Test (RSAT)
- Post Matric OBC Scholarship for CA/CMA/CS, Kerala
- IIM Calcutta Fellow Program
- IIM Ahmedabad Fellow Programme in Management
- South Indian Bank (SIB) Scholarship Scheme
- Commerce Ka Arjun Scholarship Program
- ICAI Commerce Wizard
- Fair and Lovely Foundation Scholarship
Internships for students of Commerce
Some Institutions offering commerce courses have placement officials that provide internship requirements to students in need of one.
Listed below are some fields that commerce students can opt for while looking for internship opportunities:
- Social Media Marketing
- Fund Management Operations
- Chartered Accounting
- E-Commerce Management
- Business Analysis
- CS Intern
- Economic Research and Public Policy (ideal for B.Com LLB students)
Here are a few institutions that offer courses in commerce abroad:
- RMIT University, Australia
- Edith Cowan University, Australia
- Oxford Univesity, UK
- London Business School, UK
- University of Manchester, UK
- University of Warwick, UK
- Stanford University, USA
- Harvard University, USA
Career Prospects/Placements for Commerce students
Mentioned below are some job profiles that students of Commerce get placed in:
- Sales Analyst
- Stock Broker
- Business Analyst
- Corporate Manager
- Finance Manager
- Operations Manager
- Accounts Manager
- Business Consultant
- Tax Consultant
Salary for Commerce students
The approximate starting salary of a candidate who is working a job after pursuing commerce is between 1.00LPA-10.00LPA.
Subjects similar to Commerce Stream
Candidates looking for similar subjects to commerce could opt for CA, CS, Finance, Banking, Economics, Accountancy, Taxation, Statistics, etc.
What are the top recruiting companies for commerce professionals?
- Ernst and Young
- Punjab National Bank
What are the highest-paying commerce courses that one can opt for?
The most well-paying courses in the field of commerce are CA, CS, CFA, and managerial positions.
What are the popular courses in the field of commerce?
- B.Com.: Bachelor of Commerce
- BBA: Bachelor of Business Administration
- BBS: Bachelor of Business Studies
- BMS: Bachelor of Management Studies
- CA, CS, ICWA, CFA