What is Commerce As A Subject and Its Benefits?

After clearing the 10th board exams, students must have faced a very prominent question to select a particular stream. The Higher Secondary class 10th board opens up possibilities for students to select your option for their career plan. Students therefore trying to find the best courses for themselves after completing the 10th exams then they would opt for commerce as a subject. Commerce stream is one of the well-structured courses for students to start their career plan.

The main factor of the Commerce stream is the diversity that it offers. If students are excellent at dealing with big numbers, data, have a basic knowledge of economics and finance, then choosing commerce as a subject will be the smart choice.

Also, while opting for commerce as a subject after the 10th exams, makes students familiar with the subjects like Economics, Accountancy, Business Studies, Entrepreneur, Finance, etc. In today’s scenario, the Commerce stream is one of the most preferable streams for students in India.

Students must know what is commerce as a subject, its benefits, the highest paid jobs for commerce stream students, etc. This article of CA Wizard will provide students with all the important information related to the Commerce stream. CA Wizard is a free online library, which guides students in all aspects to choose the best stream to build their career. For more such informative articles, students must follow CA Wizard.

What is Commerce as a Subject?

Commerce as a subject is defined as a study of trade and business activities, dealing with accounting and financial activities. The major subjects taught in Commerce stream are Accountancy, Economics, and Business Studies. Students with a genuine interest in the following subjects must choose this stream.

Commerce Stream Subjects

The major subjects of the commerce stream are as follows:

• Accountancy

Accountancy is one of the most important subjects of the Commerce stream. It is a branch of mathematical science that is concerned with the financial information of companies, business entities, etc. The principles of accountancy are applied to business entities in three divisions. They are accounting, bookkeeping, and auditing.

• Business Studies,

Business studies of commerce stream deal with the operation and organization of business enterprises. This subject explains how the structure and functioning of market operations, human resource management, etc. Studying business studies will help students to understand different practices used in firms. As a result, this can lead students to master running a business. Moreover, this subject prepare student for their professional life.

• Economics

Economics is a subject which deals with the study of the production, distribution, and consumption of goods and services. These subjects are categorized into two parts. They are Microeconomics and Macroeconomics. Microeconomics deals with individual consumers such as households or firms, etc.

Whereas macroeconomics deals with the economy as a whole. Studying economics helps students to learn how country works and its impact on business enterprises and industries. In the recent era, economic reasoning and its theories are increasing day by day.

Therefore, studying this subject will help students to learn about social situations where there is no monetary consideration, such as politics, law, history, religion, and other social interactions.

Top 4 Benefits of Choosing Commerce Stream

The Commerce stream is one of the most preferable streams amongst the three. Opting for this stream offers students a wide range of career options. The other top four benefits of choosing a commerce stream after completing the 10th board are explained below:

1. The Commerce stream offers a wide range of career options for students, such as Chartered Accountant, Bachelors of Law, Cost and Management Accountant, Bachelor of Business Administration, Bachelors of Economics, and many more.
2. Whichever industry students choose to work in, a basic understanding of Commerce is needed for their better career prospects. Therefore, to have a successful career studying commerce is beneficial for students.
3. Companies like KPOs, and BPOs, selects employees of commerce background who have a good understanding of accounts and finance.
4. Commerce will always in demand, whether it’s a recession or no recession period.

Highest Paid Jobs for Commerce Stream Students

Choosing a commerce stream benefits students to get the highest paying job after 12th. Given below is the list of jobs that students can choose after completing 12th with commerce stream.

Chartered Accountant

A Chartered Accountant is one of the best career options for students with a commerce background. Students can easily get into this job by clearing three levels of exams, internship, and additional qualifications. This job offers to handle company accounts and finances. Moreover, Chartered Accountant is one of the highly-paid jobs in India. Also, the salary of CA is around 60to 7 lakh rupees per annum. The salary keeps on increasing as the qualification of an accountant increases.

Also Check: CA Course Complete guide and How to Become CA

Investment Banker

An investment banker carries the most important position in a business organization. Therefore, it is one of the best and highly salaried jobs in India. Since commerce stream students know accounts and finance, hence they can advise and suggest to the organization regarding investments and savings. The major work of the investment banker is to assist in financial recommendations in a business so that they efficiently use their resources.

Financial Planner

The job of a financial planner is to plan the company’s resources to meet the short-term and long-term goals. The financial planner cures the financial health of a company. This is one of the highest-paid jobs after 12th for students with a commerce stream.

Banking

Banking is one of the most common and demanding careers in India. A student from a commerce stream will always prefer to get into this sector of the economy. Also, the demand for this job is increasing day by day because of the rapid growth in employment opportunities in the banking sector.

Stock Broker

This is a job which can be done only by the commerce background students who have a clear understanding of various financial terms. Students of commerce background can easily understand the complexities of various investing mechanisms. The various stockbroker jobs include financial advisor, dealer, investment advisor, fundamental analyst, equity advisor, and many more. Also, it is one of the highly paid jobs in India.

Also, Check CMA Salary in India

Take Away of the Blog

From this article, students will get to know all the important information regarding Commerce as a subject, its benefits, what jobs will be appropriate for commerce stream students, etc.

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