High-paying Career Options After 12th Commerce in 2024

With new job opportunities entering the market and employment rates rising internationally, the commerce sector is growing every day. Aside from job satisfaction, money is one of the most influential variables in students choosing careers. As a student from the commerce stream, you want to pursue a professionally and personally fulfilling career path that also includes a high-paying position with ample opportunity for career growth later on. The high employability rate of commerce-background students is attracting more students each year to the stream. According to Statista, employability among Bachelor of Commerce graduates in India was about 45-50% in 2023.

Also Read:- What should I study After the CUET Exam Result?

This blog lists some of the highest-paying careers for commerce majors!

Overview

Analysing the pros and cons of each career option is vital to discovering a fulfilling profession in commerce. You must consider various aspects while considering job alternatives after high school to make an informed choice about the best courses after 12th commerce. First, consider your abilities, hobbies, and personality to find your ideal fit. It is also essential to assess the career's capacity for development, stability, job security, and outlook for the sector. Investigate the pay and perks offered, the career path, and the education needed to succeed in the selected field. Also, consider each career path's work-life balance, workplace culture, and level of job satisfaction.

List of programmes available

The business courses after 12th in commerce vary widely in terms of duration, focus, and cost. Here is a list of some professional courses for commerce students and their approximate fees:

Course	Fees	Duration	Subjects
Bachelor of Commerce(B.Com)	INR 20,000 to 3,00,000	3 years	Accounting, finance, taxation, economics
Chartered Accountancy(CA)	INR 50,000 to 5,00,000	4.5 years	Auditing, taxation, accounting, financial management
Bachelor of Business Administration(BBA)	INR 50,000 to 3,00,000	3 years	Business economics, financial accounting, marketing management
Company Secretary(CS)	INR 20,000 to 3,00,000	15 months	Business environment, ethics, accounting, management
Certified Financial Planner(CFP)	INR 50,000 to 3,00,000	2 years	Investment planning, tax principles, risk management, financial management

Self Employment opportunity

Self-employed business startups may require considerable preparation, investigation, and laborious effort. Before launching a business, students should determine their abilities, interests, and market demand. They should seek advice from specialists and mentors to flourish as self-employed individuals.

1. Accounting and Bookkeeping Services: Starting an accounting and bookkeeping firm can be a lucrative self-employment option if you have a flair for numbers and an eye for detail. You may provide small enterprises and private people with financial services, including accounting, tax preparation, and financial reporting.
2. E-commerce Store: With the rising popularity of online shopping, opening an e-commerce store might prove to be a highly profitable business. You may sell goods or services online through your website or e-commerce platforms like Amazon, Etsy, or Shopine.
3. Financial Planning and Investment Services: Starting a financial planning and investment services business might be a high-paying self-employment option if you have experience in finance and investing. You can help clients with retirement planning, portfolio management, and investments.
4. Consultation Services: Starting a consultation services firm may be a terrific way to put your abilities to work, helping people and organisations if you know a certain field like marketing, human resources, or operations. You can charge for your knowledge by offering advisory services on various subjects.

Also Read:- UG Admission in 2024

Corporate opportunities

After receiving a diploma in commerce, students have access to various corporate prospects. Here are a few options after the 12th commerce:

1. Accountant: You can work as an accountant in several sectors, including public accounting, government accounting, and corporate accounting. Managing financial records, creating financial reports, and ensuring compliance with tax rules and regulations are all part of this job description.
2. Financial Analyst: You can work as a financial analyst for banks, investment companies, or businesses. The job description includes offering investment advice, developing financial models, and analysing financial data.
3. Management Consultant: You can work as a management consultant for businesses or consulting organisations. A management consultant’s responsibility entails discovering issues, coming up with solutions, and implementing corporate performance improvement initiatives.
4. Marketing Manager: Work for businesses or marketing firms as a marketing manager would include directing marketing initiatives, creating marketing strategies, and identifying market trends.

Government opportunities

For those seeking job opportunities in the government sector after a commerce degree, several avenues are available. Here is a career chart after the 12th Commerce:

1. Indian Revenue Service (IRS): The IRS carries out India's tax legislation. As an IRS officer, you would be in charge of tax assessment, collection, and law enforcement.
2. Reserve Bank of India (RBI): The RBI is India's central bank in charge of policing and monitoring the country's banking industry. An RBI official conducts economic research, handles money, and oversees regulatory activities.
3. Staff Selection Commission (SSC): The SSC administers a variety of hiring tests for various government positions. For vocations such as auditor, accountant, or tax assistant, students studying commerce can sit for tests like the Combined Graduate Level (CGL) exam or the Combined Higher Secondary Level (CHSL).
4. Indian Audit and Accounts Service (IAAS): The IAAS is responsible for auditing the accounts of India's central and state governments. As an IAAS officer, you would conduct audits, ensure financial accountability, and improve governance.
5. Public Sector Banks: Graduates in commerce can get employment in public sector banks like the State Bank of India, Punjab National Bank, and Bank of India. Graduates in commerce can get employment as a Clerk, Probationary Officer (PO), or Specialist Officer (SO).

Also Read:- How to Check CUET Result?

What is the difference between management and business courses?

Business and management courses, though interconnected, are separate areas of study. Management courses concentrate on the more particular facets of leading and managing a business or organisation. In contrast, business courses focus on the more general concepts and principles of operating a corporation.

To demonstrate the distinctions between the two, consider the following examples:

Example of a management course-

An MBA programme concentrates on specialised abilities and information needed to guide and manage a company or organisation. Management ideas, including decision-making, organisational behaviour, leadership skills, and strategic planning, are taught as part of the course. The objective is to train students for leadership roles across a variety of businesses.

Example of a business course -

A BBA course covers an extensive range of business-related topics, including accounting, finance, marketing, operations management, and business law. Students are taught how to apply the basic principles of business to various scenarios. The objective is to offer students a thorough grasp of all the different business functional areas.  

On the one hand, management courses concentrate on the specialised skills and knowledge needed to lead and manage a firm or organisation; business courses, on the other, offer a general overview of the numerous functional areas of a corporation leading to the best jobs for commerce students.

Also Read:- Benefits of BBA Degree

Conclusion

Amity University offers a comprehensive BBA programme — enquire now for BBA admission at Amity. Connect to a mentor for further guidance into the course structure, and check out our scholarships. Visit Amity Online to check out the online programmes available now!

Our Online UG Programmes:

• Bachelor of Arts (BA)

• Bachelors of Commerce (B.Com)

• Bachelors of Computer Applications (BCA)

• Bachelor Of Business Administration (BBA)