Commerce is one of the topmost streams of education in India after Science. Commerce as an education stream can be defined as a study of trade and business activities such as the exchange of goods and services from producer to the final consumer. It includes legal, economic, political, social, cultural, and technological systems that are in operation in any country or internationally.
Commerce, as a career, has a vital number of scopes for the students to shine. There are numerous jobs and options available according to candidates' qualifications and choices. There are also many posts in government departments specifically for candidates that are from commerce backgrounds. Students can get jobs at junior level in accounting, commerce, banking and finance, and related fields such as Junior Accountant, HR Manager, Business Executive, Accounts Executive, Operations Management, Data Analyst, Research and Development Manager, Information Systems Manager, Project Manager, etc. They can also get the job of Senior Accountant, Cashier/Teller, Bank Manager, Marketing Manager, Investment Banker, Wealth Manager, etc.
Commerce Courses
Commerce provides a vast range of courses at different levels, such as undergraduate, postgraduate, and doctoral.
Courses After 12th Commerce
- Bachelors Of Commerce (B.Com)
- Bachelors Of Commerce (Honours) Or B.Com (Hons)
- B.Com in Banking and Insurance (BBI)
- B.Com in Accounting and Taxation
- B.Com In Accountancy and Finance (BAF)
- Bachelor of Financial Markets (BFM)
- Bachelors in Banking and Insurance (BBI)
Bachelors of Commerce (B.Com): Bachelors Of Commerce (B.Com) is an undergraduate course of three-year. Most students, who have done their 12th standard in commerce, enroll for the B.Com degree. In this degree, students studied the subjects such as subjects like accountancy, economics, mathematics or computer, business communication, English, additional English, cost & works accounting, banking & financial systems, and entrepreneurship.
Syllabus of Bachelors of Commerce (B.Com)
| B.Com Syllabus | ||
| Financial Accounting | Generic Elective course like, Principles of Macro Economics or Economics of Regulation of Domestic and Foreign Exchange Markets | Generic Elective courses like Principles of Micro Economics or New Venture Planning, etc. |
| Corporate Accounting | Business Organisation and Management | Discipline-Specific Elective course like Human Resource Management or Industrial Laws |
| Environmental Studies | Skill Based Elective course like E-Commerce or Investing in Stock Markets | Language: English/Hindi/Modern Indian Language |
| Auditing and Corporate Governance | Business Laws | Cost Accounting |
| Indirect Tax Laws | Discipline-Specific Elective course like ) Principles of Marketing or Training and Development, etc. | Business Mathematics and Statistics |
| Skill Based Elective course like Computer Applications in Business or Advertising, etc. | Company Law | Fundamentals of Financial Management |
| Income Tax Laws | Business Communication | Discipline-Specific Elective course like Indian Economy or Financial Markets and Institutions, etc. |
| Discipline-Specific Elective course | Skill Based elective like Banking and Insurance or Financial Analysis and Reporting | Skill Based Elective course like Personal Selling and Salesmanship or Cyber Crimes and Laws, etc. |
Bachelors of Commerce Honours (B.Com Hons.): Bachelors of Commerce Honours (B.Com Hons.) is a three-year undergraduate honours degree. It is one of the most popular courses among the students of commerce stream. It covers subjects such as Accounting, Taxation, Economics, Financial Management, etc. The main difference between the simple B.Com and B.Com (Hons.) program is that in this course, students get to pick a specialization of their interest and then proceed with that elective in the final year of the course.
B.Com (Hons.) Specializations
- B.Com in Accounts and Finance
- B.Com in Investment Management
- B.Com in Economics
- B.Com in Banking and Insurance
- B.Com in Taxation
- B.Com in Marketing
- B.Com in Human Resources
Courses after Graduation in Commerce
Masters of Commerce (M.Com): Masters of Commerce (M.Com) is the best course after B.Com. It is a professional postgraduate course that comes up with a duration of 2 years. M.Com graduates can work in any of the sectors irrespective of their background, whether it is government or private. In this course, students analyze subjects related to commerce like accounting for managerial decisions, computer applications in business, etc.
Syllabus of Masters of Commerce (M.Com)
| Year I | Year II |
| Accounting for Managerial Decisions | Corporate Tax Planning |
| Strategic Management | International Finance |
| E-Commerce | Corporate Financial Accounting |
| Commercial Bank Management | Economics of Global Trade & Finance |
| Management Concepts | Investment Management |
| Organization Behaviour | Research Methodology in Commerce |
| Corporate Legal Environment | Statistical Analysis |
| International Finance | Marketing Management |
| Financial Markets | Computer Applications in Business |
Masters of Commerce (M.Com) Specializations
Professional Courses in Commerce
- Chartered Accountancy (CA)
- Company Secretary (CS)
- Cost and Management Accountant (CMA)
- Cost and Works Accountancy (CWA)
- Certified Financial Planner (CFP)
Commerce Eligibility
Eligibility for all the courses provided by the Paramedical are as follows:
| Courses | Eligibility |
| Undergraduate | Candidates must have passed the 10+2 exam from a recognized board with the commerce stream with a minimum aggregate marks criteria provided by the examining authority of government, universities/institutes, etc. |
| Postgraduate | Candidates must have passed a B.Com or B.Com (Hons.) or equivalent from a recognized board with a minimum aggregate marks criteria provided by the examining authority of government, universities/institutes, etc. |
Entrance Exams for Commerce Students
For admission in the Commerce courses, almost every other institute or university in India selects candidates according to the merit list prepared on the basis of entrance exam scores and ranks. Some institutes or universities accept the national level exams or state level exam ranks while some of them conduct their own entrance exam. Listed below are some of the popular Commerce Entrance Exams conducted at a different level in India:
- The Indraprastha University Common Entrance Test (IPU CET) conducted by Guru Gobind Singh Indraprastha University
- NMIMS-NPAT conducted by SVKM’s Narsee Monjee Institute of Management Studies (NMIMS)
- Banaras Hindu University Undergraduate Entrance Test (BHU UET) conducted by Banaras Hindu University (BHU), Uttar Pradesh
- Jain University JET conducted by Jain University
- VELS University VEE conducted by VELS University Chennai
- PES Scholastic Aptitude Test (PESSAT) conducted by PES University
- Dayanand Sagar Admission Test (DSAT) conducted by Dayananda Sagar University (DSU), Bangalore
- LPU National Entrance and Scholarship Test (LPUNEST) conducted by Lovely Professional University
- AIMA UGAT conducted by All India Management Association (AIMA)
- Sharda University Admission Test (SUAT) conducted by Sharda University, Greater Noida
Top 10 Colleges for Commerce in India
- Shri Ram College of Commerce, Delhi
- Lady Shri Ram College for Women. Delhi
- Loyola College, Chennai
- Christ University, Bangalore
- St. Xavier’s College, Mumbai
- Narsee Monjee College of Commerce and Economics, Mumbai
- Symbiosis College of Arts and Commerce, Pune
- St. Joseph’s College of Commerce, Bangalore
- Hans Raj College, New Delhi
- Madras Christian College, Chennai
