Choosing the right course after completing your 12th Commerce can have a significant impact on your career trajectory. It's an important decision that can set the stage for high salaries and steady career growth. In this article, we will provide you with guidance on some of the top courses that offer excellent earning potential.
Bachelor of Commerce (B.Com.) with Specialisation
B.Com. is a popular choice for commerce students as it provides a strong foundation in various aspects of business and finance. With its wide range of specialisation options, B.Com. offers diverse career opportunities.
Some popular specialisations within B.Com. include Accounting, Finance, and Marketing
- In Accounting, you will learn about financial reporting, taxation, and auditing. This specialisation opens doors to careers such as Chartered Accountants, Financial Analysts, or Tax Consultants. Salaries can range from ₹3-5 lakhs per annum for entry-level positions but can significantly increase with experience.
- Those interested in Finance can specialise in areas like Investment Banking or Financial Services. Careers in these fields are highly rewarding, with salaries starting at around ₹5-8 lakhs per annum and the potential for rapid growth.
- Marketing enthusiasts can choose Marketing as their specialisation and pursue careers in Advertising, Brand Management, or Market Research. Salaries vary depending on the role but can range from ₹3-6 lakhs per annum.
Chartered Accountancy (CA)
If you have a knack for numbers and a keen interest in finance and taxation, Chartered Accountancy (CA) could be a lucrative career option for you. CA is one of the most prestigious professional qualifications in India.
- To become a CA, you need to clear three levels of rigorous examinations conducted by the Institute of Chartered Accountants of India (ICAI). The exams cover subjects like Accounting, Auditing, Taxation, Law, and Financial Management.
- The reward for becoming a CA is substantial, both in terms of professional growth and financial compensation. CAs have diverse career paths available to them; they can work as Auditors, Tax Consultants, Financial Advisors, or even start their own practice.
- Starting salaries for CAs can range from ₹6-10 lakhs per annum.
Company Secretary (CS)
If you have an interest in corporate governance and compliance, pursuing a career as a Company Secretary (CS) could be a wise choice. A CS is responsible for ensuring that companies comply with legal and regulatory requirements.
- To become a CS in India, you need to complete the Company Secretaryship course offered by the Institute of Company Secretaries of India (ICSI). The course consists of three levels: foundation, executive, and professional.
- CS professionals are in high demand across industries due to the increasing focus on corporate governance. They can work in various roles, such as Compliance Officers, Corporate Secretaries, or Legal Advisors.
- The average salary range for CS professionals is around ₹4-8 lakhs per annum.
Cost and Management Accountancy (CMA)
CMA is a specialised field that combines cost management and accounting principles to help businesses make informed decisions regarding finance and operations. If you have an aptitude for numbers and enjoy analysing financial data, CMA could be an excellent career option.
- To become a CMA in India, you need to clear the examinations conducted by the Institute of Cost Accountants of India (ICAI). The exams cover topics like Cost Accounting, Financial Accounting, Taxation, Strategic Management, etc.
- CMAs have diverse career opportunities in industries such as manufacturing, consulting, banking, and finance. They can work as Cost Accountants, Financial Analysts, or Management Consultants.
- Entry-level salaries can start at around ₹4-6 lakhs per annum and can increase significantly with experience and expertise.
Bachelor of Business Administration (BBA) with Specialisation
Job growth in the finance sector is expected to remain strong, providing ample career opportunities for BBA graduates specialising in finance-related fields.
- A BBA in Finance equips you with the knowledge and skills needed to excel in roles such as Investment Banker, Financial Analyst, or Portfolio Manager.
- These roles offer attractive salary packages that can range from ₹5-10 lakhs per annum for entry-level positions.
For those interested in marketing, advertising, or public relations, pursuing a BBA with a specialisation in Marketing can open doors to exciting career prospects.
- BBA in Marketing programmes focusing on marketing provide comprehensive knowledge about consumer behaviour, market research, branding strategies, and communication techniques. With this specialisation, you can explore career options such as Brand Manager, Marketing Executive, or Advertising Specialist.
- Salaries for marketing professionals vary depending on the role and organisation but generally range from ₹3-8 lakhs per annum for entry-level positions.
Bachelor of Economics (B.Econ) with Specialisation
Economics plays a crucial role in shaping policies and decision-making processes across various industries. Pursuing a Bachelor of Economics (B.Econ) with specialisations can open doors to diverse career opportunities.
- Development Economics teaches strategies for poverty reduction and economic growth. This specialisation can lead to careers in international organisations, NGOs, or government agencies. Salaries can range from ₹4-8 lakhs per annum.
- Econometrics focuses on statistical methods used in economic analysis. Graduates specialising in Econometrics can work as Data Analysts, Economic Consultants, or Research Analysts. The salary range for these roles starts at around ₹5-9 lakhs per annum.
- Financial Economics combines economics with finance principles. Career opportunities for graduates specialising in Financial Economics include Financial Analysts, Investment Analysts, or Risk Managers. Starting salaries range from ₹6-12 lakhs per annum.
Bachelor of Hotel Management (BHM)
The hospitality industry offers immense growth potential and exciting career opportunities for those interested in the service sector. Pursuing a Bachelor of Hotel Management (BHM) enables you to gain the necessary skills and knowledge to thrive in this industry.
- Upon completion of a BHM programme, you can explore job roles such as hotel manager, restaurant manager, event planner, or sales executive.
- Salaries in the hospitality industry can vary depending on factors like experience and location, but they can initially range from ₹2–6 lakhs per annum.
Unlock Your Potential
By gaining knowledge and skills in high-demand industries through courses after 12th commerce with high salaries, you can increase your chances of securing steady career growth and financial success.
Take the first step towards achieving your goals by exploring various upskilling opportunities with expert guidance on WIZR.
FAQs
1. Do all commerce-related courses require mathematics in 12th grade?
While subjects like accountancy and economics often have mathematics as a prerequisite, there are several other courses like hotel management or digital marketing that do not require math in 12th.
2. Can I pursue business courses through distance learning?
Yes, many universities and institutions offer accredited online programmes that provide the flexibility to study at your own pace while acquiring valuable business skills.
3. Do business schools provide internships or job placement opportunities?
Yes, many business schools provide internships and job placement opportunities as part of their programmes.
4. Who earns more: a CA or a financial advisor?
The earning potential of a CA (Chartered Accountant) and a financial advisor can vary depending on various factors. Both professions have the potential for high earnings, but it ultimately depends on individual circumstances.
