Commerce Course – B, com, CA and ACCA Integrated, BBM and MBA
A series of educational courses focusing on the study of trade, business, and accounts is known as a commerce stream. The core subjects under the commerce stream is business activity, such as the trade of goods and the provision of consumer services. Accounting, Economics, and Business Studies are the three main topics that make up the commerce stream.
According to The HRD Ministry’s All India Survey of Higher Education (AISHE), more than 4.03 million students graduated with a B.Com degree in 2019. The Commerce and Finance industry is gaining its momentum post the pandemic. As India is rebuilding its economy, but by integrating a lot of technology in the finance field, there is a high demand for commerce graduates.
Jobs and Pay Scales in India
Are you wondering why students are drawn to studying commerce? What is the future? Well, the answer is high-paying jobs. What better way to explain this than by telling you about some high-paying jobs for commerce graduates in India and their job roles.
- CA – An internationally recognised financial expert who oversees client budgets, audits, taxes, and business plans is a chartered accountant. In India, the average wage for a CA is between INR 6-7 lakhs. The typical salary for a CA ranges from INR40 to INR60 lakhs, based on his qualifications and experience.
- Marketing- To maximize revenues for the business, marketers are in charge of creating and implementing plans to promote brands, goods, and services. The average yearly income for a marketing manager in India is 7.2 lakhs, with salaries ranging from 2.4 lakhs to 22.6 lakhs.
- Cost Accountant- A cost accountant oversees the proper operation of an organization’s finances. They concentrate on creating and keeping up-to-date budgets. The average yearly income for a cost accountant in India is INR 5.1 lakhs, with salaries ranging from INR 2.0 lakhs to INR 12.5 lakhs.
- Company Secretary- The company’s compliance officer and internal legal expert is the company secretary. a specialist in corporate governance, securities law, and capital markets. The average CS salary in India is INR 6.2 lakhs per year, with salaries ranging from INR 2.5 lakhs to INR 17.2 lakhs.
- HR- Compensation and benefits, hiring, dismissing and staying current on any regulations that may affect the business and its employees are just a few of HR’s duties. The average yearly income for an HR Manager in India is 6.9 lakhs, with salaries ranging from INR 3.0 lakhs to INR 18.0 lakhs.
- Supply Chain Manager- The identification, purchase, production, and distribution of the company’s products are all tasks that the supply chain manager organizes, supervises, and manages. The average yearly income for supply chain management professionals in India is INR 13.5 Lakhs, with salaries ranging from INR 4.9 Lakhs to INR 26.0 Lakhs.
Commerce courses to enhance your career
Was it sufficient to only be aware of the jobs? You must understand how to obtain these well-paying positions. To work as a commerce professional with a good income, you must possess a specific set of talents. You can take the courses listed below to learn the required skills.
1. B.com– The three-year B.Com curriculum concentrates on topics in Business, Economics, Business Law, Accounting, Taxation, and Finance. One can find jobs in Accounts related fields or pursue a Master’s in Commerce and work in Finance and Accounts jobs.
2. CA– A Chartered Accountant, also referred to as a CA, is a qualified individual who serves as a financial controller for companies and other sectors. Candidates for CA must complete three levels of practical training, for a total of about 4.5 years.
3. ACCA Integrated– Bachelor of Commerce (B.Com)-ACCA is a 3-year combined course while pursuing a bachelor’s degree in Accounting and Finance.
4. BBM– A four-year undergraduate degree “Bachelor of Management Studies,” it gives students the abilities they need to take on leadership responsibilities in the commercial and corporate worlds.
5. MBA– The MBA is the most widely accepted graduate management degree in the world. MBA programmes help gain a comprehensive understanding of the business, spanning disciplines such as marketing, finance, and accounting, all while honing crucial soft skills and leadership abilities.
Accounting, Economics, Commerce and Marketing fields require a basic program done by a reputed college or university that provides global exposure and an insight into the current industry trends. CMR University in Bangalore is one such University that provides global insight and exposure for its students.
CMR has multiple management programs for commerce students in its School of Management.
- MBA Dual Specialization – Finance/Marketing/HR/ Digital Marketing/Supply Chain Management/ Business Analytics)
- Executive MBA | Product Leadership
- PG Diploma Programme – (Data Science / Digital Marketing).
These are suitable for students looking to be HR, Supply chain manager-related roles.
If you are looking for a career in Accounts and Finance, the CMR School of Economics and Commerce (SOEC) is ideal. The University has a partnership with ICAI and the Association of Chartered Certified Accountants (ACCA) in the United Kingdom. The curriculum is based on these council bodies and they provide the right guidance and training required.
In addition to that CMRU is a fantastic place to begin your graduate studies, it is renowned for
its innovative pedagogy. They have the best infrastructure and placement cell that will provide you with complete support. Few of the placement partners are KPMG, Amazon etc.
This year, CMRU witnessed the highest CTC offer of INR 8 LPA & INR 3.52 LPA during CMR University Placements. 151 participating recruiting firms made 115 placements. This year, 30% of the new Recruiters came to campus and took part in the placements.
To know more please visit CMRU School of Economics and Commerce.
