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Advice for Commerce Students in India

Deep Ballu

Subject Matter Expert
Banking is perhaps the essential field in commerce. This sector provides different financial services such as loans, insurance, foreign exchanges, etc. It is a wide career path to explore, and the demand for competent bankers has increased in the last decade.

As a commerce student, there are exciting opportunities to explore the business world. Commerce is focused on the aspect of business that manages the distribution of products and services. Commerce doesn't only provide jobs for citizens but also makes available beneficial products and services for customers. With the advent of E-commerce, manufacturers and customers can exchange values for goods and services with the help of the internet. This has further widened the range of available jobs for commerce students. Below is a list of exciting careers to choose from as a student of commerce in India.

Financial Management 

The role of a financial manager involves organizing, planning, and directing the financial activities of an organization. In this field, you can work as an analyst, an auditor, an investment analyst, or an advisor. This career path comes with certifications such as Chartered Financial Analyst, Chartered financial planner, and so on. It is essential to gain extensive knowledge when undertaking any of these jobs. That way, you have the edge over your counterparts in the industry. 

Banking 

Banking is perhaps the essential field in commerce. This sector provides different financial services such as loans, insurance, foreign exchanges, etc. It is a wide career path to explore, and the demand for competent bankers has increased in the last decade. Certifications in banking give you a leap in your career and arms with special knowledge that makes you sought after in the banking world. 

Management and Cost accounting 

This sector of commerce deals with budgeting, analysis, and optimization of costs while achieving maximum profit. They prepare the financial reports of organizations and keep detailed accounting records. Taxation, auditing, and preparation of internal accounting policies are within the job description of those who take on this job. Several accounting certifications are considered necessary to hasten progress in this line of work like the CA, ACCA, and the CPA. 

Statistician

This is a highly rewarding career field in commerce. They perform a risk analysis and use statistical methods and research tools to make empirical decisions to elevate the organization. 

Consultant

These people offer professional advice to businesses and corporations. With their extensive knowledge of commerce and industry, they help solve complex organizational problems, increase the company's growth and optimize the operation of business organizations to maximize profit. Consultants can work under consulting firms or independently. They perform two primary functions: advisory and implementation consultation, depending on what their clients want. The competition in this field is high. Hence there is a need to get high certifications to make significant progress in this career path. 

Asset Manager

Asset managers evaluate, manage, and grow assets, be it physical or immaterial. Their job role is ultimately determined by the nature of services the clients require from them. The companies hire them to set up financial goals and achieve them. The professionals also manage the finances of their clients. Some also play an advisory role to clients on how to manage their assets. People looking to explore this sector must have basic management skills and a degree in finance, business, or accounting. 

Public relations 

They are in charge of maintaining the excellent reputation of organizations by skillfully influencing how outsiders see these organizations. They ultimately handle the communication line between organizations and customers, ensuring a positive image of the business is constantly maintained. 

Public relations officers perform copywriting tasks, research, creating blog content, press releases, and newsletters. 

They are the information carriers in the world of commerce and are highly rewarded for their services. 

Entrepreneurs

These are business owners with a deep knowledge of commerce and management. It is a flexible career path. You ultimately determine what you want to do. Starting a business can be challenging as there can be shortcomings, but it can also be very rewarding and overcompensate for the failures in the early days.

Wrapping Up 

There are still many more career choices in the field of commerce to be explored. Every career path in commerce is very lucrative so after getting that degree, be sure that you are on the right track to earning a decent living and making an impact in the world of commerce.