Commerce: One of the Most Prospering Careers of This Era

In our society people strongly believe that only the academically-gifted students go for science after the 10th board exam. If any students who have scored well in 10th and want to study commerce or arts then the elderly persons try to make him convince by saying that “Students unable to score well enough to opt science go for commerce and arts, though you have scored well you should choose science”, “science gives a wide career option, while after commerce you have very limited options like CA, CS and B.Com”, “commerce is only helpful for the students from a business-class family background not for you” etc. The truth is that commerce stream also opens up a plenty of career opportunities for students, much in the same way as science.

So, if you are looking to pick commerce as your stream after 10th, or already continuing commerce, and are still unsure of your career path, then read this article to know the most exciting and lucrative career opportunities you can proudly choose being a Commerce student.

Top Career options for Commerce Students after Class 12th
1. MANAGEMENT

Management is the function of planning, organizing, directing and controlling, and the application of the principles in harnessing physical, financial, human and informational resources efficiently and effectively to achieve organizational goals. If you have an interest in this field then you can opt for management after completing 12th commerce. Top management courses to do after 12th are-

BBA (Bachelor of Business Administration)

Duration- 3 years
Some well-known BBA honours programs are-

Banking and Insurance, International Business, Aviation Management, Healthcare Management, Event Management, Tourism and Travel Management

BMS (Bachelor of Management Studies)

Duration- 3 years
Integrated BBA+MBA Course

Duration- 5 years
Degree In Hotel & Hospitality Management

Duration- 4 years
The tourism sector is booming in India right now. After having this degree students can take on various roles in the tourism as well as Hotel Industries.

DIPLOMA MANAGEMENT COURSES AFTER 12TH
Apart from degree programmes, there also exist many Diploma courses in Management. The duration of such a Diploma program is around 1-2 years. Some of the popular Diploma management courses are as follows-

Diploma in Retail Management
Diploma in Organization Management
Diploma in Hotel Management
Diploma in Hospitality and Tourism Management
Diploma in Fashion Marketing and Merchandising
Diploma in Marketing and Advertising
Diploma in Event Management
Diploma in Travel and Tourism Management
BBS (Bachelor Of Business Studies)

BBS is a 3 years long undergraduate Degree program. It is a good alternative to courses like BBA and BMS courses. The course mainly focuses on the management subjects like HR, Marketing and Finance.

BBE (Bachelor Of Business Economics)

BBE is a 3 years long undergraduate Degree program. This course gives much emphasis on economics subject along with the elements of traditional business studies.

BIBF (Bachelor Of International Business And Finance)

BIBF is a 3 years long undergraduate Degree program. The course focuses on International Business, the latest trends and practices followed in International Business and Finance management.

After pursuing the above-mentioned courses, one can opt for MBA.

2. B.COM/M.COM

You can pursue a B.Com (Hons.) degree at the UG level, and follow it up with an M.Com, MBA, M.phil and PhD. You can choose the subjects like accounting, auditing, finance, taxation, etc. as your paper of specialization.

3. PROFESSIONAL COURSES

Chartered Accountancy (C.A)

C. A is one of the most well-known career options for commerce students. It is an internationally recognized professional certification conducted by the Institute of Chartered Accountants of India (ICAI).

A Chartered Accountant works across various domains in government and private organizations, such as auditing, tax consulting, corporate finance, investment banking, corporate finance, investment banking, etc. You would also have the option to set up private practice after a few years of experience.

If you want to pursue C.A. after 12th then you have to register yourself with the ICAI and clear the Competency Professional Test (CPT). If you are doing C.A. after graduation then no need of appearing CPT. After registration, you have to clear every stage of Integrated Professional Competence (IPC) Course Exam along with your article ship to gain the C.A Certification.

Company Secretary (C.S)

The Institute of Company Secretaries of India (ICSI) is the body which administers the professional course of Company Secretary. Their job involves giving advice on conducting business, dealing with situations involving the conflict of interest, suggesting ways to prepare financial reports, developing corporate strategy, assisting in planning, and advising on company law.

ICWA

ICWA course is a gateway to become a cost management accountant. The Institute of Cost Accountants of India (ICAI) formerly known as ICWAI (Institute of Cost & Works Accountants of India) offers the professional of Cost Accountancy in the country. An ICWA qualified person can work as Finance Director, Managing Director, Associate Professor, Accountant, Cost Controller, Chief Auditor, Cost Accountant, Chief Accountant, Chief Internal Auditor, Financial Consultant, Managing Director and Financial Controller

4. ACTUARIAL SCIENCE

Actuarial Science is a field dealing with the analysis of risk across various fields, such as insurance, business, finance, and healthcare. Professionals in this field (called Actuaries), apply mathematical equations, statistics, and financial theories to determine risk and uncertainty associated with various future events that can impact business. To this end, they collect statistical data, conduct analysis, and design and implement numerous business strategies. Actuaries work in life insurance, general insurance, health insurance, pension funds, enterprise risk, actuary consulting firms, investment, pension and retirement, risk management, etc. You are required to clear the Actuarial Common Entrance Test (ACET). After clearing your entrance, you can register at the Institute of Actuaries of India (IAI). There are 15 exams in total conducted by the IAI, however, you can start working as an actuary after clearing only 4-5 exams. The most beneficial graduation streams for this career include Maths (Hons.), Statistics (Hons.) and B.Com (Hons.).

5. STOCKBROKING

Stockbroking is a career that involves buying and selling of stocks on the stock market. Stockbrokers manage investments in stocks, bonds, and derivatives for their clients, and advise them about market fluctuations. Being a stockbroker you can work in brokerage firms, insurance companies, banks, investment banks, pension funds, and other financial institutions. You can also work as an independent broker as you acquire domain expertise over the years.

6. STATISTICS

This is a challenging, yet rewarding, career with a flexibility of work opportunities and possibilities to work across various sectors. There are a variety of opportunities available both in the public and private sector in roles such as data analysis, big data, market research, investment analysis, research analysis, risk analysis, etc.

7. OTHER FIELDS

A student after pursuing commerce can also pick any of the following sectors as his/her career-

LAW
FASHION DESIGNING
JOURNALISM
BANKING
INSURANCE
ECONOMICS
ADVERTISING AND PR

Alternative Careers: What Ways Can You Envisage Using Your Law Degree?

The law degree is considered the most versatile degree that opens up career opportunities in various industries and sectors apart from the traditional law firms. A degree in law equips you with the necessary skills and training to adapt and mold yourself to any kind of professional environment for work fields. There are many companies and online portals that are now exploring the options of providing law graduates with employment opportunities in diverse industries. You can certainly use these online platforms to carve out a niche path for yourself in the field of estate planning law in various sectors.

The most popular alternatives to the traditional law firms include:

Working as a full-time employed lawyer with the government agency or department or any of the non-government organizations.

Working as an in-house lawyer at a large multinational corporation that includes finance and banking companies.

Let us check out the common alternative careers with a law degree:
Government law
Many government departments consist of large legal teams that provide specialized legal services to the respective government departments. For instance, the department of modern protection and immigration and the government taxation office. Therefore, a law graduate can make a great career as a parliamentary office counsel or solicitor for the government. This would be one of the best alternative careers for attorneys. Law graduates who are interested in working for the government can explore this opportunity with the legal department. If a student is interested in international law or in military law, in that case, they can seek work in the department of defense or in the armed forces as a specialist legal counsel.

Policy development
Apart from specific legal jobs within the government agencies and departments, many legal attorneys are also employed in various areas of service delivery and policy development across a broad spectrum of industries. They have exciting roles and responsibilities which are of great significance to the government and the people as a whole.

This could be one of the exciting alternative legal careers, as it provides you with the opportunity to utilize your skills and training as a lawyer in a stimulating environment that you may not have envisaged during your graduation. Policy development is an essential area of expertise, and many governments, as well as private enterprises, need expert legal minds to create cohesive policies for their employees or the people as a whole.

Graduate program
There are various government departments that run their graduate programs in law. These programs are conducted by the individual government departments and usually specialize in law relevant to that department.

Moreover, many government agencies also conduct their graduate law programs. You check out the relevant website to find out about the programs and the employment opportunities. If you wish to pursue any of the law programs conducted by the government, then it is better to do proper research on the programs and their benefits before enrolling. Moreover, you could even find better employment opportunities with the government agency after the successful completion of the program.

Contract employment
You can find various temporary or contract positions over and above the permanent positions in various government agencies or public sector agencies. These vacant positions are advertised on leading government portals. Contract employment could also be a better opportunity as it will provide you with better experience and exposure to law practice. They are very essential in gaining experience and can open your doors to permit law positions in a company.

Contract employment will allow you to establish your track record and your experience in your discipline. This can help you secure long-term or extended contracts with government agencies or private companies. This would further strengthen your case for permanent employment with the organization. Contract employment will at least get you started and open your doors to practicing law. This experience would prove to be invaluable later.

Mediation
Many aspiring attorneys wish to take up mediation as a profession. It is, in fact, a rapidly expanding field that has led to the creation of National Mediation Standards to provide accreditation to practicing mediators. Mediation is considered a specialized field in law practice and helps to sort out crucial differences in businesses and parties and helps to arrive at a solution amicably.

Though accreditation is sought to become a mediator, there are enormous opportunities for law students as mediators. Mediators can significantly help to register and resolve family disputes, resolve conflict of interest among businesses, and can also help with the merger and acquisition of companies.

These are the top alternative careers with a law degree that a law graduate can opt for. Traditional law firms may be your go-to place to find a job. But these alternative legal careers are rapidly becoming the most sought-after alternative careers for attorneys.

If you want to find the best estate planning law lawyers, you must visit New Law Business Model today.

Traditional law firms may be your go-to place to find a job. But these alternative legal careers are rapidly becoming the most sought-after alternative careers for attorneys.

Digital Marketing Careers

Before we dissect the pros and cons of going into a career in digital marketing, we should take a brief look into the evolution of marketing. If you are someone from the 90s or early 2000s, you probably remember those wonderful TV advertisements. A few of them were really inspiring, while many of them were a bit cringe-inducing However, most of them had an objective – they were designed to make you aware of a product and try to influence you to buy it. Companies spend huge chunks of money for advertising and marketing their product – it’s their way to attract new customers and enlarge the customer pool. You might have already guessed that marketing is highly dependent on consumer trends. So, now, where does digital marketing come in here? Try to recall the last time you actually sat before a television set for a prolonged period. Most of you may not remember it. That’s because, with the internet and easy streaming of TV shows, people have shifted from television sets to the Internet. With this change, companies have also shifted from traditional advertising to digital marketing – bringing advertisements to your mobile or computer screen. However, since the internet is almost endless, digital marketing has to deal with a lot of skills and roles so that you can cut through the competition. It has become a very lucrative option and the demand of digital marketers is increasing.

Utilization of skills: In the modern world, companies are looking for people with soft skills. If you are someone from the middle-income bracket and have some digital skills under your belt, then you can upscale yourself by learning more skills, especially in this area. Planned learning of skills can eventually take you forward in your future expeditions.
Versatile field: In many different fields, if you have already taken a specialization, it becomes difficult to shift your path. You might have to go through extensive training. However, with digital marketing, very little training is required for you to make the required switch. In most cases, digital marketing fields have something for everyone. You can build up on your existing skills and learn new skills on the job.
Evolving industry: When a person is looking for a job, they also search for job security. Hence, they would often go to an evolving industry which may not go through a possible emergency shutdown. Digital marketing is quite new in that aspect and it is always growing. If you are eager to learn and improve, there’s always something around the corner.
Since there are several roles to fill up when you are in this industry and different creative marketing strategies that you can develop, digital marketing will not only place you in a secured field but also help you invest yourself completely in the industry. Check out the digital marketing roles blog post to learn more about the various career options in digital marketing.

Earnings: Digital marketing jobs are in demand and so, there is a lot of opportunity for you to negotiate your remuneration. One of the best things about digital marketing is that you do not have to be in-house to work. You can also work as a freelancer or remotely. If you have the experience or the skill and if you can show your achievements, then you can negotiate and get your desired salary in this field. In India, the different roles in the digital marketing field have separate salary slabs.
Creativity: Digital marketing is a very creative discipline. Unlike many technical professional fields, digital marketing provides an opportunity for many creative people. There are jobs in writing, designing and audio and video production. Plus, developing marketing strategies, solving problems and finding ways to engage audiences require creative solutions as well.
Training as you please: It has already been established that digital marketing is a field where you need to learn new skills to keep going up the ranks. However, the best part is that you can train at your own pace and within your own comfort level. If you are working as a freelancer or engaged in a work-from-home contract, then you can learn in your own home.
You can take up online courses to help you with your skill training. You can even volunteer to build a website or a blog and engage in social media management of your personal page. It will help you to create an amazing portfolio for yourself. Plus, most of these skills do not require a lot of financial investment from your end too.

7. Working in a diverse environment: It is not a mystery that networking really helps, especially when it comes to professional growth. When you enter the digital marketing field, you have the opportunity to expand your creative side since you will be meeting a lot of different people with different skill sets. By working with different people, you get a chance to not only learn from them but also get a new direction in life, like understanding a new skill which will enrich your portfolio further.

Disadvantages
Like most other disciplines, digital marketing has its cons too. Some of the cons of digital marketing are:

Regular learning and flexibility – Ongoing learning in digital marketing can be both a pro and a con for this field. While learning new things is always beneficial, the extremely dynamic nature of digital marketing can make learning a bit hectic. You may have to stay on your toes as you try to understand the trends and learn something new. You also have to be flexible and change your methods frequently based on the changing trends of the market.
High competition – Like any other field, digital marketing has a lot of competition. However, since this field is quite creative in nature, the competition increases even further. As a digital marketer, one of your chief goals will be to rank your page or website on Google and make it come up on the first page. Hence, you will not only be competing with other top pages, but also with several blog pages and websites. The competition is on a global scale making it even more difficult to breakthrough.