Important Facts
College Vidya Team Oct 11, 2024 4.4K Reads
When it comes to taking up the right course for career development, many students are attracted to picking a course in the subject area of commerce. But commerce courses are varied and there are a large number of areas within the broad umbrella of commerce, hence it is important to pick the best course to meet the needs of your education.
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If you are confused about your options in commerce, worry not, since we have provided a comprehensive guide about the myriad of courses in commerce to choose from, along with all the important details for the same. Continue reading to find the best career scope for yourself after completing a commerce course.
As per the Economic Times, commerce is the exchange of goods and services between businesses. Thus, in-grained commerce is the aspect of buying and selling. Commerce as an academic field involves the systematic study of these exchanges and their bases.
Some of the major areas of study in the field of commerce include:
Study in the field of Commerce | ||
Finances and Accounting | Entrepreneurship | Auditing and Taxes |
Banking | Business Studies | Corporate Finance |
Insurance | Chartered Accountancy | Marketing |
Stock Markets and Investments | Economics | International Trade and Business etc |
So, there are diverse domains within commerce in which a student can take up a course. Some of these domains are highly popular and in demand in the professional sectors as well.
Students interested in studying commerce after class 10th can take the commerce stream, with or without mathematics. However, apart from completing your 10+1 and 10+2, you can pursue certification courses to learn more skills and gain knowledge about niche areas of commerce. A convenient learning option for students is to take up short-term online courses alongside school learning to upskill themselves. Such certificate courses help build new skills that are practically useful for taking up future degrees/diplomas.
Some of the popular commerce courses available to take up after class 10 have been mentioned here.
Commerce Courses After 10th | |
Google Digital Marketing and e-Commerce (Coursera) | Advertising and e-Commerce on Social Media |
Entrepreneurship Beginner Course (Coursera) | International Business (Coursera) |
e-Commerce Fundamentals (edX) | Introduction to FinTech (edX) |
New Space Economy (edX) | Online Business and e-Commerce (Udemy) |
Basics of Banking in India (Udemy) | Open Banking (Udemy) |
Retail Banking (Udemy) | Basics of Personal Finance (Udemy) |
Diploma courses are shorter courses than degree courses in commerce and provide foundational knowledge about a specific area of commerce, such as banking, accounts and finance management, international trade, etc. Diploma courses have a duration from 6 months to 1 year, while some courses can also last from 18 months to 24 months.
Various online universities and colleges or online learning platforms may offer students diploma courses that can be taken up after completing school education, i.e. HSC education or post-graduation. Admissions to such undergraduate and postgraduate diploma courses are usually conducted on a merit basis or through a basic screening interview.
Here are a few of the top diploma courses in commerce along with the relevant details.
Course | Course Fee | Minimum Eligibility | Duration |
Diploma in Banking & Finance | INR 10,000- INR 50,000 |
|
6 Months-12 Months |
Diploma in Financial Accounting and Taxes | INR 75,000 |
|
1 Year |
Diploma in Financial Management | INR 10,000-INR 80,000 |
|
1 Year |
Diploma in Retail Management | INR 15,000-INR 3,00,000 |
|
1 Year |
Diploma in Banking and Insurance | INR 10,000-INR 40,000 |
|
1 Year |
Diploma in Digital Marketing | INR 10,000-INR 1,00,000 |
|
1 Year |
Post Graduate Diploma in Global Business Operations (GBO) | INR 3,20,000 |
|
2 Years |
Post Graduate Diploma in Taxation | INR 10,000 to INR 2,00,000 |
|
2 Years |
Online Diploma courses are useful for bolstering your career or adding useful skills and facts to your repertoire of knowledge. Commerce diplomas also offer good value for money, as you can take them up for enhancing your educational profile and even the UG diploma courses can be taken up after graduation to get an additional qualification and skills. After completing a diploma in commerce, not only do your knowledge and skills increase, but even your career scope gets elevated.
Certificate courses are short-term courses in a specific domain about the area of commerce, which helps the learner in developing new skills and knowledge. These are usually of a duration of 3 months to 6 months and are offered in the regular, distance as well as online mode.
Online certificate courses in commerce are becoming increasingly popular due to the convenience of learning they provide to students. They also allow the student to pursue a main course/degree/job and hone their skills alongside.
Here we have provided details about some of the popular certification courses that a commerce student/professional can take up along with important details.
Course | Fee | Duration | Eligibility | Mode of Delivery |
Professional Certificate in Business and Technology | INR 7000 | 12 Weeks |
|
Online |
Professional Certificate in e-commerce fundamentals | INR 12,130 | 5 Weeks |
|
Online |
Certificate Course in Finance Accounting and Taxation | INR 10,000-INR 50,000 | 6 Months to 1 Year |
|
Offline |
Certificate Course in Accounting | INR 10,000-INR 20,000 | 6 Months to 1 Year |
|
Offline |
Certificate Course in Banking | INR 5000-INR 20,000 | 6 Months to 1 Year |
|
Offline |
Certificate Course in the Indian Stock Market | INR 5000 to INR 15,000 | 1 Year to 3 Years |
|
Full-time, Offline |
Professional courses in commerce are designed for working professionals who have completed their formal education in commerce to boost their professional and industry-oriented skills and competencies. As a result, these courses are related to specific niche areas of commerce and include providing hands-on training about industry-oriented skills.
Some professional courses are also provided as full-time courses of a few years of duration. Some of them can be taken up as undergraduate degrees or as postgraduate courses. Here are some of the top professional courses in commerce which are highly valued in the industrial sector.
Chartered Accountancy (CA) is a very prestigious and well-regarded field of commerce that is internationally recognized. This course can be taken up right after completing HSC education, although being a course of high difficulty, it is recommended to take the course alongside or after completion of a Bachelor’s course in commerce. Doing this will help in forming strong conceptual bases for the course.
Here are the basic details about the CA course provided in India.
CA course provided in India | |
Course Name | Chartered Accountancy (CA) |
Course Duration | 3-4 Years |
Course Level | Post HSC |
Minimum Eligibility |
|
Course Fee | INR 10,000 to INR 40,000 |
Accrediting Body for the Course |
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Chartered Financial Analyst or CFA is another internationally recognized and acclaimed degree course that is issued by the CFA Institute of the USA. This course is taught across three levels and is suitable for candidates who have completed their graduation in commerce education or have at least 4 years of professional experience in the relevant sector. The course has a duration from 1.5 years to 3.5 years.
Here are further details about the course.
Chartered Financial Analyst or CFA | |
Course Name | Chartered Financial Analyst (CFA) |
Course Duration | 1.5 Years-4.5 Years |
Course Level | Post Graduate |
Minimum Eligibility |
|
Course Fee | INR 2,00,000 to INR 6,00,000 |
Accrediting Body for the Course |
|
Certified Management Accountant or CMA is another professional course issued by the Institute of Management Accountants (IMA), USA. It is a comparatively shorter professional course with a duration of 6 months to 18 months, in which a student must complete two levels of the course, CMA Part I and CMA Part II. This course is for candidates who have completed their UG education from a recognized university and have working experience in the domains of Management Accounting or Financial Management for at least 2 years.
Find more details about the course here.
Certified Management Accountant or CMA | |
Course Name | Certified Management Accountant (CMA) |
Course Duration | 6 Months to 18 Months |
Course Levels |
|
Minimum Eligibility |
|
Course Fee | INR 1,00,000 |
Accrediting Body for the Course | Institute of Management Accountants (IMA), USA |
Company secretaryship is a popular area of commerce in India that is pursued to develop a career in fields like company auditing, financial management, revenue management, stock broking, etc. The responsible body for the training and education of the CS course is The Institute of Company Secretaries of India (ICSI). The course in CS is a 3-year program that can be taken up after completing HSC or Bachelor’s education depending upon the level of the course that one chooses to take up. The CS course includes 3 levels- the Foundation level, the Executive Level, and the Professional level. The average fee for the course ranges between INR 5000 to INR 15,000.
Find more details about the course here.
Company secretaryship | |
Course Name | Company Secretary (CS) |
Course Duration | 3 Year |
Course Levels |
|
Minimum Eligibility |
|
Course Fee | INR 5000 to INR 15,000 |
Accrediting Body for the Course | The Institute of Company Secretaries of India (ICSI) |
Apart from the professional courses in commerce (which are full-time in nature) mentioned above, one can also take up courses like professional certifications in commerce alongside continuing their job.
With the world making strides in terms of adapting itself to the internet-driven world, the field of education is also continuously evolving. Now, with technology-enabled learning features and platforms, many colleges and top universities are offering some courses in commerce fully through the virtual mode, or as commonly called, the online learning (OL) mode.
There are various UG and PG courses available to be pursued through the online mode, in addition to the various certification and MOOC courses that can also be taken up. An online course in commerce can serve the following main benefits to students:
So, here we have tabulated some of the common online commerce and related courses available for students to pursue.
Course | Average Fees | College/Platform |
Online BCom | INR 20,000-INR 1,20,000 | Jain University, NMIMS Distance Learning, Sastra University, Chandigarh University etc. |
Online MCom | INR 60,000-INR 1,30,000 | Jain University, LPU Online, Manav Rachna University, Manipal University etc. |
Online BBA | INR 65,000-INR 1,80,000 | UPES Online, Amity Online, Chandigarh University Online, Sastra University, Online Manipal etc. |
Online MBA Courses | INR 65,000-INR 5,00,000 | UpGrad, Jain University, DPU Online, Online Manipal, Vignan University, Amity Online, etc. |
Diploma in Banking and Finance Management | INR 84,000 | NMIMS Global Access School for Continuing Education |
Diploma in Business Management | INR 84,000 | NMIMS Global Access School for Continuing Education |
Diploma in Wealth Management | INR 80,000 | NMIMS Global Access School for Continuing Education |
Diploma in Financial Management | INR 84,000 | NMIMS Global Access School for Continuing Education |
Diploma in Retail Management | INR 84,000 | NMIMS Global Access School for Continuing Education |
Diploma in International Trade Management | INR 84,000 | NMIMS Global Access School for Continuing Education |
Digital Marketing Certification Online | INR 28,000 | NMIMS, DPU Online |
Certificate in Business Management Online | INR 42,000 | NMIMS |
Certificate in International Business Management Online | INR 75,000 | UPES Online |
Apart from the above-mentioned courses in commerce provided in the online mode, there are also a large number of Massive Open Online Courses (MOOCs) available on various online learning platforms like Coursera, edX Learning, Udemy, Unacademy, Swayam portal (launched by the Government of India), which provide short-term certification courses in commerce to students.
There are a large number of degree courses in various areas of study within the field of commerce. A degree course in commerce can only be taken up after completion of Higher Secondary education, i.e. grade 12 or equivalent education.
Here we have listed the top degree courses in commerce that one can take up at the undergraduate or postgraduate level.
As already mentioned, there are many areas in commerce that a student can decide to venture into after completing 12th i.e. HSC education. After completion of school education, students are eligible to apply to undergraduate courses in commerce. Find out more about the top commerce courses after class 12th, here is a list of the top commerce courses to pursue after class 12th:
B.Com program is a full-time 3-year course at the undergraduate level in commerce. This is a UG program and it does not offer students a specialization in any particular domain of commerce, rather it covers the foundational areas of commerce throughout the degree. The course is less comprehensive than an honors degree in commerce but it is ideal for those students who want to strengthen their basic knowledge in commerce or have not decided on a specialization area yet. Students who did not have mathematics as a subject in class 12th are also eligible to apply to this course.
Here are the basic details about the B.Com program offered in India.
Bachelor of Commerce (B.Com Program) | |
Course Name | B.Com Program |
Course Duration | 3 Years |
Specialisation or General | General |
Minimum Eligibility |
|
Course Fee | INR 5000 to INR 1,00,000 |
Important Subjects |
|
Top Institutions Offering the Course |
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B.Com Honours is a comprehensive bachelor's degree in commerce and has a duration of 3 years. This course has been consistently among the top five most demanded courses among students in India. A B.Com Hons course, unlike a B.Com program, provides students the option of taking up a specialization in commerce and covers the nuances of that specialization area. B.Com Hons course can be taken up by both students from a mathematics and non-mathematics background.
The initial semesters of the course are dedicated to the foundational aspects of commerce which are essential to the understanding of commerce, followed by specialization courses. There are a large number of specializations provided in a B.Com Hons course, which can open doors for various careers for students.
The details of the B.Com Hons course are provided here.
Bachelor of Commerce-B.Com (Honours) | |
Course Name | B.Com Honours |
Course Duration | 3 Years |
Specialisation or General | Specialization |
Minimum Eligibility |
|
Course Fee | INR 5000 to INR 4,00,000 |
Popular Specialisations |
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Top Institutions Offering the Course |
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B.Com Hons is a top educational choice among commerce students in India, and picking the right specialization in B.Com is as important as picking the right degree. So we have provided an overview of the top popular, upcoming, and innovative B.Com specializations in India. These specializations are available to be pursued in India in the online learning mode and regular mode at various top universities and colleges.
Online Bcom In Banking and Finance specialization introduces the students to areas about banking principles, corporate banking, business law, international banking, treasury management, etc. The fee range for this course is INR 1,00,000 to INR 3,00,000 depending upon the mode of learning and the college you select for the course. Here are further details about the course.
Banking and Finance | |
Course | B.Com in Banking & Finance |
Average Course Fee | INR 1,00,000-INR 3,00,000 |
Major Subjects |
|
Colleges Offering Specialisation |
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Careers After Specialisation | Stock Broker, Banker, Corporate Banker, Investment Banker, Accountant etc. |
Accounting and finance specialization in Online B.Com is a three-year course focused on areas like business laws, corporate finance, auditing, cost and management accounting, etc. This course is offered in several top regular and online colleges in India. Here we have provided an overview of the course specialization.
Accounting and Finance | |
Course | B.Com in Accounting and Finance |
Average Course Fee | INR 20,000-INR 1,00,000 |
Major Subjects |
|
Colleges Offering Specialisation |
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Careers After Specialisation | Risk Analyst, Accountant, Corporate Banker, Financial Consultant, Financial Strategist etc. |
The Accounting specialization in Online B.Com is purely related to banking and accountancy and is ideal for those students who wish to develop a career in accountancy and banking domains. This course is suitable for those candidates who have an aptitude for mathematics and data handling and manipulation. Here are further details about the course specialization.
Accounting | |
Course | B.Com in Accounting |
Average Course Fee | INR 20,000-INR 1,00,000 |
Major Subjects |
|
Colleges Offering Specialisation |
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Careers After Specialisation | Accountant, Accounting Manager, Corporate Accounting Manager, Account Keeper, Audit Manager, Accounting Firm Partner etc. |
Online BCom In Auditing as an area of specialization is for those students interested in the domain of an audit, including auditing laws, the practice of checking and verification, etc. in business, service, and commercial entities. B.Com in Auditing introduces students to a variety of key concepts in the auditing domain like commercial statistics, mercantile law, computer and data handling, microeconomics, accounting fundamentals, etc. Here are further details about a B.Com in Auditing.
Auditing | |
Course | B.Com in Auditing |
Average Course Fee | INR 30,000-INR 3,00,000 |
Major Subjects |
|
Colleges Offering Specialisation |
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Careers After Specialisation | Accounts Auditor, Internal Auditor, Audit Manager, Audit Executive, Accountant etc. |
BCom Online in International Finance is a popular choice in commerce and offers a promising career scope. It is designed for learners interested in exploring international financial systems, practices, and laws. Candidates taking up this course can take up job roles in the international finance domain like equity management, international financial strategist, investment banker, etc. Here are some more details about this course.
International Finance | |
Course | B.Com in International Finance |
Average Course Fee | INR 2,00,000-INR 8,00,000 |
Major Subjects |
|
Colleges Offering Specialisation |
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Careers After Specialisation | International Finance Manager, Financial Planner, Investment Banker, Private Equity Manager, Accounts Assistant etc. |
BCom Online in Banking and Insurance is another popular specialization among B.Com students and it focuses on the various operations, laws, practices, etc. in banking and insurance. It is a useful specialization for those who want to venture into banking careers or insurance domains like insurance managers, insurance consultants, investment analysts, loan counselors, etc. Here are further details about the course.
Banking and Insurance | |
Course | B.Com in Banking & Insurance |
Average Course Fee | INR 40,000-INR 9,00,000 |
Major Subjects |
|
Colleges Offering Specialisation |
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Careers After Specialisation | Insurance Manager, Loan Counsellor, Financial Consultant, Financial Advisor, Cashier etc. |
International business is closely related to the specialization area of international finance, except that it is focused primarily on the handling and management of the various aspects of an international business setting. It covers subjects such as the international business environment, business laws, import-export laws, taxation in international business, etc. This course offers a satisfactory career scope to students after graduation and is provided by various top online and regular universities in India. Here are further details about the course.
International Business | |
Course | B.Com in International Business |
Average Course Fee | INR 10,000-INR 3,00,000 |
Major Subjects |
|
Colleges Offering Specialisation |
|
Careers After Specialisation | International Business Manager, Export Officer, International Business Analyst, Business Development Manager etc. |
BCom online in Business analytics in commerce is focused upon the use of business information to make strategically chosen business decisions. This course brings together the knowledge of business studies data analytics and technology to provide a unique blend and career scope to commerce students. This course is a budding specialization area in which the scope is growing in career options. Explore more course details here.
Business Analytics | |
Course | B.Com in Business Analytics |
Average Course Fee | INR 30,000-INR 2,00,000 |
Major Subjects |
|
Colleges Offering Specialisation |
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Careers After Specialisation | Business Analyst, Business Strategist, Business Financial Planner, Business Consultant etc. |
Capital Market Operations is an upcoming and prospering area of specialization in Commerce in which students learn about the nuances of capital markets, stock markets investment basics, etc. This course specialization touches a large number of commerce foundation courses and niche courses like patent and copyright law, stock market investment, investment analysis, etc. Here are further details about the course.
Capital Market Operations | |
Course | B.Com in Capital Market Operations |
Average Course Fee | INR 1,00,000-INR 3,00,000 |
Major Subjects |
|
Colleges Offering Specialisation |
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Careers After Specialisation | Stock Broker, Investment Banker, Accounting Firm Partner, Audit Manager etc. |
Online BCom in Behavioural finance is a commerce domain in which students learn the psychology and bases of the financial behavior of individuals. This specialization is unique in that it brings together psychology and commerce by bringing the user and consumer perspective into commerce and exploring its impact on the larger market and economic situations. Here are more details about the course.
Behavioural Finance | |
Course | B.Com in Behavioural Finance |
Average Course Fee | INR 50,000 to INR 1,00,000 |
Major Subjects |
|
Careers After Specialisation | Financial Manager, Financial Consultant, Financial Strategist, Stock Market Investor etc. |
A Bachelor in Accounting and Finance, abbreviated as BAF, is a 3-year degree program designed to introduce students to the concepts and practices in accounting and financial sectors. This specialization area of commerce is ideal for those students who wish to venture into fields like banking, accountancy, corporate finance, financial management, auditing, etc. This course is ideal for candidates who have a commerce and mathematics background. This course is provided in India in a select few colleges of India, in locations like Kolkata, Ahmedabad, Mysore etc.
Here are further details about the BAF course.
Bachelor in Accounting and Finance | |
Course Name | Bachelor of Accounting and Finance (BAF) |
Course Duration | 3 Years |
Specialisation or General | Specialization |
Minimum Eligibility |
|
Course Fee | INR 20,000 to INR 1,50,000 |
Important Subjects |
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Top Institutions Offering the Course |
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Online BA In Economics is a degree course of 3 years with a specialization in the area of economics, which is a major domain of commerce. This course is ideal for students who have studied mathematics at the 10+2 level. BA Economics Hons is a degree that explores the nuances of macroeconomics and microeconomics and equips the learners with the detailed knowledge and skills needed to excel in this field.
Here are the details about the B.E course offered in India.
Bachelor of Arts-Economics (B.A Economics) | |
Course Name | Bachelor of Arts- Economics (B.A Economics) |
Course Duration | 3 Years |
Specialisation or General | Specialization |
Minimum Eligibility |
|
Course Fee | INR 10,000 to INR 2,00,000 |
Important Subjects |
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Top Institutions Offering the Course |
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Bachelor of Management Studies, or BMS, is also a 3-year undergraduate course closely related to a BBA course, however, a BMS is more focused on management practices across a variety of domains. It deals with areas like foundations of management practices, financial management, human skills needed in management, industrial law, etc. This course can be taken up by commerce students with or without a mathematics background in HSC. Many popular colleges and management institutions in India offer this degree to students at affordable fee ranges.
Here are the relevant details about the BMS course.
Bachelor of Management Studies (BMS) | |
Course Name | Bachelor of Management Studies (BMS) |
Course Duration | 3 Years |
Specialisation or General | Specialization |
Minimum Eligibility |
|
Course Fee | INR 30,000 to INR 6,00,000 |
Popular Specialisations |
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Top Institutions Offering the Course |
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Although not a commerce course, a B.Sc in Statistics is also closely related to commerce as it specializes in the domain of statistics, which is a central study modality in commercial fields ranging from accounting, and economics to auditing. BSc Statistics deals with various aspects of applying statistical measures for meaningful interpretation of data. This course requires the candidate to have a mathematics background in 10+2.
Further details about B.Sc Statistics are provided here.
Bachelor of Science-B.Sc (Statistics) | |
Course Name | Bachelor of Science-Statistics (B.Sc Statistics) |
Course Duration | 3 Years |
Specialisation or General | Specialization |
Minimum Eligibility |
|
Course Fee | INR 20,000 to INR 5,00,000 |
Important Subjects |
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Top Institutions Offering the Course |
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When it comes to taking up further education in commerce after graduation, students are often in a dilemma since there are comparatively limited options available at the Master’s level of education in commerce as compared to the Bachelor’s level. So, although the degree courses available in commerce after graduation are limited, there is still good scope to explore in terms of the various specialization areas available for students to explore.
The most useful course to take up in commerce after graduation in India is unanimously an M.Com or a Master of Commerce. This is a purely commerce degree course at the PG level and there are many areas of specialization available in an M.Com depending upon the student’s area of interest. Another area to explore would be business administration or management (especially in finance or commercial domains).
The question that arises is why take up a commerce course after graduation if a good career scope is available right after completing a Bachelor’s degree. The biggest advantage that a PG-level degree in commerce confers to you is that it broadens the scope of the job domain for you as well as boost your career and job position. You can explore entry-level to initial-level job positions after completing a UG degree (even with experience), but having completed a Master's in the field of commerce will help you to explore even mid to top-level job positions, and additionally, it will also elevate your salary package considerably.
Here we have listed some of the most popular and demanded courses in commerce at the PG level that can be taken up by interested students.
A general M.Com degree (much like a General B.Com) degree, provides students with comprehensive knowledge about various aspects of commerce such as accounting, financial management, e-commerce, business law and business environment, auditing, taxation, etc. A general M.Com degree does not offer a specialization but is still a popular choice among students because it enables them to develop a strong base as well as seek top job positions in diverse domains rather than a select domain. Being a very popular course, many top colleges and universities in India offer this course at the postgraduate level.
Find further details about an M.Com degree here.
M.Com Degree | |
Course Name | M.Com |
Course Duration | 2 Years |
Specialisation or General | General |
Minimum Eligibility |
|
Course Fee | INR 20,000 to INR 70,000 |
Important Subjects |
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Top Institutions Offering the Course |
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An online MCom in Finance is a specialization area in the 2-year PG course in which there is a focused emphasis on the aspect of handling financial operations in a business entity. This course is ideal for those who want to venture into fields like banking, accounting, financial consultancy, auditing, financial management, etc.
This course requires the candidate to have either a commerce, economics, statistics, or mathematics background, while in some universities, students with a BBA background can also seek admission. The course is offered by many well-known universities and colleges in India and has an affordable fee range as well. The job scope of this field is high in both the private and public sectors.
Here are the further details about the M.Com in Finance in India.
M.Com in Finance | |
Course Name | Master of Commerce-Finance (M.Com in Finance) |
Course Duration | 2 Years |
Specialisation or General | Specialization |
Minimum Eligibility |
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Course Fee | INR 6,000 to INR 65,000 |
Important Subjects |
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Top Institutions Offering the Course |
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A Masters in Commerce in Accounting and Finance online provides a more specific emphasis on the aspects of accounting in a business setting and financial management, bringing together two of the most central aspects of commerce. It helps further understanding in areas like accounting in management settings, taxation, insurance, modern banking, corporate commerce, etc. This course is ideal for those who want to venture into areas of financial management or banking and accounting.
Here we have provided further details of the course for your reference.
M.Com in Accounting and Finance | |
Course Name | Master of Commerce-Accounting and Finance (M.Com in Accounting and Finance) |
Course Duration | 2 Years |
Specialisation or General | Specialization |
Minimum Eligibility |
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Course Fee | INR 10,000 to INR 1,00,000 |
Important Subjects |
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Top Institutions Offering the Course |
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Focused specifically on Accountancy, this M.Com course is designed to equip the learners with the nitty-gritty of accounting in a variety of settings like business management, banks, corporate settings, institutions, etc. Thus this course is ideal for those students who have a mathematical aptitude and an interest in handling data and numbers. This course requires the student to have either a mathematics background or a commerce background to be eligible.
The career scope for this course is bright since there are many public sector and private sector jobs available in this field such as auditing jobs, account direction, clerical posts, etc. in addition to higher jobs like chief auditing officer, chief accounting officer, etc. The field is well-paid and compensated.
Here are further details about the course.
M.Com in Accountancy | |
Course Name | Master of Commerce-Accountancy (M.Com in Accountancy) |
Course Duration | 2 Years |
Specialisation or General | Specialization |
Minimum Eligibility |
|
Course Fee | INR 2,00,000 to INR 8,00,000 |
Important Subjects |
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Top Institutions Offering the Course |
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This course focuses on the broader aspects of banking along with financial domains. This is also a full-time 2-year PG course in which many subject areas like banking laws, investment analysis, financial services, auditing, debt market, international finance, etc. are elaborated upon. The course is designed for students who want to venture into the banking sector or financial management and operations, keeping career options for both fields open. Graduates can also explore job opportunities in international sectors after completing this course.
Here are further details about the M.Com in Banking and Finance.
M.Com in Banking and Finance | |
Course Name | Master of Commerce- Banking and Finance (M.Com in Banking and Finance) |
Course Duration | 2 Years |
Specialisation or General | Specialization |
Minimum Eligibility |
|
Course Fee | INR 2,00,000 to INR 4,00,000 |
Important Subjects |
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Top Institutions Offering the Course |
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This is an up-and-coming field in commerce, and marked by the growing use of technology and internet services in this domain, an M.Com in E-Commerce has a bright career scope in India. An M.Com in e-commerce acquaints the students with various important areas of Commerce via the internet such as e-commerce technologies and strategies, business processes in e-commerce, computer applications in business, etc. This course is apt for those who want to develop a career in e-marketing and sales, purchase management, market research in e-commerce, business analysis, e-business consultancy, etc.
The career scope for this course is increasing in the currently globalized world wherein businesses are turning increasingly towards Internet services for commercial operations.
Here are the further details about the M.Com in e-Commerce course.
M.Com in e-Commerce | |
Course Name | Master of Commerce in e-Commerce (M.Com in e-Commerce) |
Course Duration | 2 Years |
Specialisation or General | Specialization |
Minimum Eligibility |
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Course Fee | INR 10,000 to INR 2,00,000 |
Important Subjects |
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Top Institutions Offering the Course |
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An M.Com in Taxation is a 2-year postgraduate degree program that is focused on taxes and all commercial operations related to it such as direct taxes, properties and income taxes, tax auditing, tribunals, acts and statutes involved in taxation, etc. This course provides in-depth knowledge to students in this niche of commerce through which successful careers in accounting and taxes can be developed in the private and public sectors. Well-paid jobs can be explored after completing this course.
Here are further details about an M.Com in Taxation.
M.Com in Taxation | |
Course Name | Master of Commerce-Taxation (M.Com in Taxation) |
Course Duration | 2 Years |
Specialisation or General | Specialization |
Minimum Eligibility |
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Course Fee | INR 10,000 to INR 1,00,000 |
Important Subjects |
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Masters of Commerce in Fintech or Financial Technology is a 2-year postgraduate degree program that is a fusion of the financial management aspects of commerce and the technological advancements of the IT domain. This course specialization focuses on the use of various technological tools and software for financial management, analysis, operations, etc. This is a potent field in commerce and is budding in India with the rising involvement of technology in the finance sectors.
Here are further details about the course.
M.Com In FinTech | |
Course Name | Master of Commerce-FinTech (M.Com in Fintech) |
Course Duration | 2 Years |
Specialisation or General | Specialization |
Minimum Eligibility |
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Course Fee | INR 30,000 to INR 1,10,000 |
Important Subjects |
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Having discussed all major M.Com courses and specializations, another appealing course to take up after graduation from commerce is the Masters of Business Administration (MBA). An MBA is a postgraduate management course and can be taken up by commerce students with or without a mathematics background. This course offers many specializations to students related to commerce and commerce graduates can elevate their careers further by completing this course.
Some of the most useful MBA specializations for commerce graduates include like financial management, entrepreneurship, business analytics, banking and finance management, marketing management, digital marketing management, etc. The job scope for a commerce graduate with an MBA qualification increases manifold, as they are now eligible for mid to top-level management positions as well. So an MBA after completing a commerce degree can give a much-needed boost to your career.
Here are more relevant details about an MBA course.
Master of Business Administration (MBA) | |
Course Name | Master of Business Administration (MBA) |
Course Duration | 2 Years |
Specialisation or General | Specialization |
Minimum Eligibility |
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Course Fee | INR 1,00,000 to INR 26,00,000 |
Popular Specialisations |
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As already listed above, there are an enormous number of courses in commerce that can be taken up by students and professionals at various levels, and all of such courses also offer great placement scope to students. Commerce is one of the key domains of any business and commercial venture, and in a fast-paced economically-driven world, the job scope and career prospects of commerce are only to grow.
There are diverse job arenas into which a commerce student can venture, and depending upon their level of qualification, they can get placed in mid to top job positions. The salaries and compensation offered in the field of commerce are considerably high, and even freshers entering the job domain can get starting packages ranging from 2 LPA to over 10 LPA.
Top companies, financial firms, banks, MNCs, public sectors, etc. appoint commerce graduates to various job roles, some of the top ones among them have been listed here.
Job Position | Average Salary Offered in India |
Actuary | INR 10 LPA |
Chartered Accountant | INR 8 LPA |
Cost Manager | INR 5 LPA |
Corporate Banker | INR 15 LPA |
Financial Analyst | INR 8 LPA |
Financial Risk Manager | INR 10 LPA |
Banker | INR 4 LPA |
Investment Banker | INR 12 LPA |
Financial Consultant | INR 7 LPA |
Sales Manager | INR 8 LPA |
Certified Financial Planner | INR 7 LPA |
Budget Analyst | INR 15 LPA |
Product Manager | INR 15 LPA |
Investment Analyst | INR 15 LPA |
These are some of the top job domains for graduates who complete a course in commerce (varying as per the level of education attained). Apart from working in a full-time job, such students can also venture into entrepreneurship or family businesses. A less popular option is to venture into higher education so that one can teach in top colleges and universities of commerce and economics.
So, the career scope in commerce is not only vast but also well-established and constantly evolving.
If you are someone who is looking for a job in commerce, here we have listed some of the top private and government sector companies and banks that hire commerce graduates. This includes multinational companies, corporate giants, banks, financial firms, and private companies.
Some of them have been listed here.
Top Recruiters | |
Capgemini | WIPRO |
Amazon | Infosys |
Goldman Sachs | Bosch |
State Bank of India | Bandhan Bank |
Kotak Mahindra Bank | HDFC Bank |
ICICI Bank | Tata Consultancy Services (TCS) |
Deloitte | Cognizant |
Accenture | KPMG |
Genpact | Bajaj Fincorp |
J. P. Morgan and Chase | Reliance Industries Ltd. |
Now that you know all the basics about commerce and the various courses available in commerce, considering whether this is the suitable field for you and why it is worth pursuing, is a good note to end upon. Here we have listed the top advantages of pursuing an education in commerce for you:
So, there are many benefits of taking up a commerce course, whether after class 10th education, class 12th education, or after graduation or as a professional. Upskilling and updating one’s skills in commerce is also very useful for developing a successful career in commerce.
Commerce is a field ripe with opportunities and areas of study to select from, and thus it is one of India’s most popularly chosen streams of higher education. There are a large number of UG, PG, professional, and diploma courses in commerce that cater to the varying academic and professional needs of students. One should choose the course based upon their aptitude and interest domain and can work further to develop a prosperous career in the field.
The best course to take up in commerce after class 12th is a Bachelor of Commerce (B.Com) which is a 3-year undergraduate course focusing on the various foundational as well as specialization areas of commerce. Depending upon your aptitude and area of interest, you can further take up the relevant specialization within the course itself. A B.Com course has a good career scope as well.
M.Com is undoubtedly one of the most popularly chosen and useful PG courses in the domain of commerce for graduates as it offers a variety of specializations and helps in successfully elevating the career of students who wish to venture into fields related to commerce.
B.Com program can be a better option for you if you want to develop a strong foundation in all areas of commerce or if you wish to keep your career options for various fields open. On the other hand, if you have a chosen specialization area that you want to venture into and want to develop a comprehensive knowledge of a specific domain, then a B.Com Hons course is the better choice for you.
The average course fee for a B.Com Hons course in India ranges from INR 5000 to INR 4,00,000 depending upon the university you choose to take the course up from.
You can take up courses like B.Com Hons, B.Com program, BMS, BBA, etc. if you do not have a commerce background.
There are a large number of degree, diploma, and certification courses in commerce that can be completed online. Many online universities and colleges offer online B.Com, online M.Com, and PG Diploma courses in commerce and trade, as well as MOOCs in commerce domains.
The professional courses in Chartered Accountancy (CA) and Company Secretary (CS) are very popular and highly paid in the domain of commerce.
Some of the highly paid job domains in commerce include company secretaryship, investment banking, auditing and taxation, chartered accountancy, etc.
Having mathematics at the 10+2 level is not compulsory to take up B.Com (Hons), so you can apply to this course even if you do not have mathematics as a subject. However, some universities or colleges might make it compulsory for the candidate to have mathematics as one of the subjects in HSC.
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