Commerce education is an area of education where the required knowledge, skills and attitudes for handling trade, commerce and industry are developed. The demand for Commerce education has grown rapidly helping the business society of India to meet all the growing needs. It is found that Commerce education plays an important role in contributing to Indian economic growth by providing opportunities in the field of business, production and consumption. That is why several institutions across India are open to removing the gap that exists between industry requirements and academic curricula focusing on attitude, corporate awareness, grooming, and developing managerial skills.
In India, Commerce education is offered at various levels for students. There are many public and private institutions to provide quality education in the field of Commerce which has a quite promising career for candidates. One of the main reasons behind choosing Commerce as a career option is the wide range of opportunities related to media.
Students interested in this field can opt for a Bachelor of Commerce degree which has various specializations. After 12th, students who are determined to be successful in the field of Commerce should have a clear knowledge of different variants and specializations of the stream. So, here are a few specializations of Bachelor of Commerce that open doors for students towards a promising career. This is a three-year undergraduate programme.
Apart from BCom, there are many other courses one can pursue after the 12th standard in Commerce. Other sought-after undergraduate commerce programmes include the following-
Candidates who have a business or finance-oriented mind and wish to pursue law can opt for BCom + LLB integrated course with a duration of 5 years. Besides this, there are also other integrated Bcom course options such as-
In India, among various Commerce courses, Diploma courses also play an important role for students as it allows them to get essential skills and adequate knowledge within a short span. Popular diploma courses in the commerce field include the following-
In India, most organizations look for those professionals who hold dynamic personalities and specialized skills. To improve one’s skills, a certification course in Commerce can be done after completing BCom. Popular specialisations in BCom include the following-
In India, there are lots of institutions that provide full-time, part-time, and distance-learning programmes in the field of Commerce. But choosing a good college can be a tough decision for students after 12th. Some of the eminent public institutions providing Commerce degrees are Loyola College, Chennai; Hansraj College, Delhi; Hindu College, Delhi; Lady Shri Ram College For Women, Delhi. In addition to this, there are lots of private colleges which provide quality education in the area of Commerce. A few of those private institutions are Christ University, Bangalore; St. Joseph's College of Commerce, Bengaluru; Symbiosis College Of Arts and Commerce, Pune.
Every year, the National Institutional Ranking Framework under the Ministry of Human Resources and Development, the Government of India publishes a ranking of all the colleges all over India. The colleges enlisted in the NIRF India rankings offer a comprehensive idea of the different facets of the college. Here are some of the top NIRF-ranked commerce colleges in India-
To empower higher education institutions, there is a recognition scheme known as the Institute of Eminence (IOE) initiated by UGC. The Commerce colleges that are recognized as “Institutes of Eminence” are as follows-
Here are some of the basic eligibility criteria needed for admission. But it varies according to the selected specialization as well as the institution.
There are several institutions in India which provide admission based on merit. But some of the colleges conduct entrance examinations for admission. After cracking the entrance examination, shortlisted candidates have to clear the personal interview round. Some of the popular BCom entrance examinations in India are IPU CET, DUET, and BHU among several others.
Candidates should have secured 50% marks in 10+2 examinations from any recognized board. However, the eligibility criteria for Diploma and Certificate courses vary according to the institutions as well as specializations.
The admission procedure for admission in a diploma or a certificate course differs from college to college. Some institutes conduct entrance examinations to provide admissions and other colleges offer a direct admission process or a merit-based admission process.
The annual fees in Commerce colleges may vary depending on various factors like specialized courses, and infrastructure provided by particular institutions. Approximately, the annual fees for an undergraduate Commerce degree range anywhere in India from Rs. 30,000 to Rs. 2 lakh.
To be successful in the field of Commerce, students must have acquired some essential skills. Here is a list of the required abilities and skills that students should have to pursue a commerce course-
Being one of the most prominent career fields, Commerce provides a multitude of job opportunities after the course. The average salary of professionals ranges from 2 lakh to 10 lakh annually. Career prospects after finishing Commerce programs include several lucrative job roles such as-