What is Commerce study? The Commerce stream can be defined as a study of trade & business activities like the exchange of goods & services from producer to the final consumer. The main subjects that students study in the Commerce field at their higher secondary education are Economics, Accountancy & Business Studies. Students can choose the Commerce field if they are good in these subjects. The Commerce field is offered in many top institutions or colleges in India. There are undergraduate, postgraduate, diploma, and doctoral levels in the Commerce field. Students who are interested in the field of financial transactions or information and trading of economic values can pursue the Commerce study. Commerce graduates have a vast range of choices in the world. The Commerce study provides a wide range of managerial skills to the students while building competence in business. Most of the institutions and colleges plan to add additional courses like exposing students to general principles of business, enhancing knowledge about accounting finance, human resources, business management, marketing, economics, business statistics, calculus, & information system. The formal academic major varies based on the institutions. Students can avail seats for pursuing the commerce degree by their scores secured in their higher education or entrance exam scores based on the institution or college they choose to study. Some of the top entrance exams are ICAI, ICWAI, ICSI, and CFA. Students should clear entrance exams to pursue the Commerce study in reputed institutions or colleges. There are many specializations in the Commerce study. Some of the most popular specializations are Accounting & Finance, Accounting & Taxation, Banking & Finance, Actuarial Science, Business Administration, e-Commerce, Human Resources, Banking & Insurance, and Entrepreneurship. One who is more curious about economics, accounting, and business studies can choose the Commerce field for pursuing their graduation. Career scopes of the Commerce study? There are plenty of job opportunities for Commerce graduates in India. Some of the job roles for a Commerce graduate are Business Executive, Accountant, HR Manager, Marketing Manager, Investment Banker, Data Analyst, Research & Development Manager, and more. The salary of a Commerce graduate in India is high. Students who are more curious about the Commerce study can also do their higher education in the same field. Popular Programs in Management and Business stream Under Graduate: Post Graduate: Doctorate: Diploma: Popular Specializations Computer Application, Foreign Trade, E-Commerce, Banking Management, Accounting & Finance, Marketing, Taxation, Statistics, Insurance, Banking, Business Administration, Project Management, Accounting, Public Administration, Banking & Finance Affiliating Bodies (Government Bodies to authorise universities & colleges to offer recognized program): Eligibility Criteria Under Graduate: Candidates who complete class 12 with Business Studies, Accountancy and Economics as major subjects are eligible to pursue the Commerce field. Post Graduate: Graduation in any stream. Some universities accept graduation degree in Business or Management studies for eligibility with at least 45% of marks. Doctorate: Graduates should have completed a Master’s degree with at least 55% of marks in the general category or 50% of marks in the reserved category are eligible to study Doctor’s degree in Commerce. Diploma: Bachelor’s degree or any equivalent qualified degree with a minimum of 50% of marks is eligible to pursue the diploma course. Enrollment Process Under Graduate: Entrance scores or class 12 scores are considered for the enrolment process. Post Graduate: Graduation scores or entrance exam scores. Some universities will conduct a personal interview for admission. Doctorate: Last graduation scores or entrance exam scores are considered for the enrolment process. Diploma: Entrance exam scores or Bachelor’s degree scores are considered for the admission process based on the college one choose to study. Entrance Exams: CAT, MAT, UGC NET, DUET, AMU, DET, ICET. Jobs/ Career Opportunities Under Graduate: A Bachelor’s graduate in Commerce can work as an Accountant, Financial Analyst, Accounts Manager, Business Executive, or Tax Consultant. Post Graduate: A Master’s graduate can work as a teacher by clearing the UGC NET or JRF exams. The graduates can also work as an Assistant Accountant, Personal Finance Consultant. Doctorate: Doctorates in the Commerce field can work as Business Analysts, Finance Managers, CFO’s, or CEO’s. Diploma: Diploma graduates can work as a Business Analyst, Loan Counsellor, Stock Analyst, or a Credit & Risk Manager. Salary Range Potential Recruiters ICIC Bank, HSBC, Reliance, IBM, Hewlett-Packard, Microsoft, State Bank of India, Axis Bank, Punjab National Bank, HDFC Bank, India Member Private Limited, Coalition India, Marks and Spencer, Reliance India Pvt Ltd, Deloitte, HCL Technologies, Reliance, Citibank, Tata Consultancy Services, Microsoft. Frequently Asked Questions Q1. What are the higher studies in the Commerce field? One who completes graduation can do a master’s degree in the Commerce field. Doctoral level courses are also available in the Commerce field for the candidates who complete their master’s degree successfully. Q2. Can I work as a lecturer after pursuing M.Com? M.Com graduates can work as a lecturer in any colleges or institutions after clearing the UGC NET or JRF entrance exams. Q3. What are the recruiting companies for all the degree levels in the Commerce field? SBI, Ernest and Young, Deloitte, Reliance, KPMG, Hewlett-Packard, TCS, and Microsoft are the top 10 companies that hire commerce graduates in India. Q4. What is the job field of a commerce graduate? Wide range of fields hires commerce graduates. Some of the job fields are Investment Banking, Wealth Management, Risk Management, Financial Planning/Consulting, Financial Analysing, and more. Q5. Do I have to clear entrance exams to graduate in Commerce field? Not all the institutions consider entrance exams scores for admission. But, some of the reputed colleges or institutions consider scores of the entrance exams like ICAI, CFA, and ICWAI for offering some courses like Chartered Accountant, Cost Accountant, and more. Under Graduate INR 2.5 to 8 Lakhs Post Graduate INR 10 to 21 Lakhs Doctorate INR 6.8 to 40 Lakhs Diploma INR 1.6 to 2 Lakhs