Those days when career choices were limited to Science, Arts and Commerce students now have plenty of options to choose from apart from conservative engineering, medicines and accountant. Students can now look up to the vast majority, the diver’s field to make a marking there is no more worrying about what the others might be thinking and how much will you earn and what are the best career option in India. In this post we gonna cover the best career in commerce.
The societal pressure you know that is ruining your life by choosing a career, which will never give you the satisfaction of achieving a milestone is of no use. Every day has to be a thrilling experience and for that to happen to choose something you like. Very important how much will you earn that is the first question in your mind, right! How much will you earn there is an ample amount of money in the world and your confidence too mixed with your ability is a deadly combination which is sure to make you the next Mark Zuckerberg right in the world.
So if the Commerce is calling doesn’t buck under these societal pressure and the traditions get a grip lookout for your passion and do something which Bakken’s you. Commerce is definitely more than become get that straight clean your head and this is what you need to learn how we’ll start with the list of the best career in commerce.
Top 10 Best Career in commerce
This list of best career in commerce is not based on any particular order. All the profession mentioned below has their goods and its totally depends on your own interests and skills which one you go for.
- Investment Banking
- Charted Accountant (CA)
- Insurance Agent
- Certified Public Accountant
- Company Secretary
- Retail Manager
The first one on our list of the best career in commerce is Banking. Banking is an industry that handles cash flow, credit, debit and other financial transactions. Banks allow a secure place to store extra cash and credit. They offer savings accounts, fixed deposits, certificates of deposit, and checking accounts. Banks use these deposits to make loans. These loans include home mortgages, business loans, car loans and many more types of loans.
Banking is one of the key drivers of the economy of any country. It provides the liquidity needed for citizens and businesses to invest in the future. Bank provides loans and credit mean families don’t have to save up before going to college or buying a house or start there on business. Companies use loans to start working immediately to build for future demand and expansion.
In banking, you will get an amazing salary would be a great thing and job security will be there. Societal acceptance often drives with the conventional choices but jobs are secured and with that spate of the new local national foreign banks job market is booming for the commerce students. Banking is one of the most popular and best career in commerce.
2. Investment Banking
The second profession in our list of the best career in commerce is Investment Banking. Investment banking is a particular division of banking related to the creation of currency for other companies, governments, and many others.
Investment banks create new debt and equity securities for all types of corporations like companies and government, aid in the sale of securities, and help them to facilitate mergers and acquisitions, reorganizations, and broker trades for both government institutions and private investors. Investment banks also provide guidlines to issuers regarding the issue and placement of stock.
Many large investment banking corporations are affiliated or linked with larger banking institutions all over the world and many have become household names, the largest being Goldman Sachs, JPMorgan Chase, Bank of America Merrill Lynch, Morgan Stanley and Deutsche Bank
Investment Banking now positions for equity research analyst that is equity research. People who do an analysis of the investment bankers that are known as IBS mutual fund executives and MFE capital market managers. Then you have asset managers you have venture capitalists and real estate are always open and traded by many. Invest banking is one of the highest payable and best career in commerce.
3. Charted Accountant (CA)
The third profession in our list of the best career in commerce is Charted Accountant. A chartered accountant (CA) is an international accounting degree granted to a professional accountant in many countries around the globe, aside from the United States. In the United States, the equivalent to the CA degree is a certified public accountant (CPA).
A Charted Accountant credential typically proves that its holder has the qualifications to file a business tax return, audit financial statements and business practices, and offer advisory services to their clients.
Chartered accountant has been one of the most popular career choices in India. This profession is not so easy to get into but if you manage to do so, it going to offers a great career path, salary, and respect among society. The main reasons why people respect chartered accountants is not because of the degree or pay, but it is mainly because it is not easy to become one.
The path to becoming a chartered accountant is tough and it can be easily said that it is one of the, if not the toughest profession.This profession will give you a great package and fascinating lifestyle.
4. Insurance Agent
The fourth profession in our list of the best career in commerce is Insurance Agent. An insurance agent is someone that works for an insurance company to sell their specific insurance products.
An important aspect of working with an agent is that he/she sells insurance products of one particular company only, and thus is typically not able and not want to compare prices and features of other insurance products on the market. Agents should not be confused with brokers (or insurance brokers) who are typically able to compare insurance products from different insurance providers.
Generally, there are two types of such Insurance agents who reach the prospective customers that may be interested in buying insurance. These are independent insurance agents and captive or exclusive insurance agents.
Independent agents may represent many insurance companies and receive a commission for their services accordingly. On the other hand, there are some insurance agents who are exclusively employed by a particular insurance company and sell policies of the same. Their services can be rewarded in the form of salary or commissions on the sales.
These Insurance agents get very high commission for their sevices. A good insurance agnet can easily make 100K+ monhly. It is one of the best career in commerce.
5. Certified Public Accountant
The fifth one in our list of the best career in commerce is Certified Public Accountant. Certified Public accountant is almost similar to Chartered Accountancy, but it is conducted by the American Institute of Certified Public Accountants or AICPA. Hence, this accountant has a global appeal. The person who desires to earn a CPA degree must possess a bachelor’s degree in Business Administration/Finance/Accounting and complete 150 hours of education. All candidates must pass a four-part exam. Only then he/she will be eligible for it.
CPAs conduct financial statement audits and offer a wide range of effective services to give a 360-degree view of the financial health of organizations or company he/she works for. They offer advice to corporate bodies and families on tax payments and financial planning. CPAs can acquire different positions in public and corporate accounting companies and climb all the way up to executive positions like the Chief Financial Officer (CFO).
A CPA handles auditing, reporting, taxation and accounting processes of certain clients or corporations. It is one of the best career in commerce stream jobs which can give you financial security. You need to have a Business, Finance or Accounting degree to get enrolled for the CPA exam and then, you have to pass the exam. A CPA can get around Rs.10-12 lakhs per annum and one of the highest payable jobs for commerce students.
6. Company Secretary
The sixth one in our list of the best career in commerce is Company Secretary that is the company secretary. I will just write CS over here, the company secretary is an important accounting post in a company. A CS in a company is basically a mediator between the BODs, that is the board of directors and the shareholders in the company governments shareholders governments and other agencies.
So you can see a CS or the company secretary has the requires expertise in the legal matters is very sure. About this security laws capital market corporate governance to regulate a company according to the compliance and charted out and for the same. There is Institute call Institute of Company Secretaries of India. That is ICSI you can get the details on the website candidate requiring to successfully clear 18 papers in this divided into 3 programs to attain CS designation.
The foundation program has that is the first that is the foundation has basic 4 papers, then there is an executive program which has executive which has 6 papers. The final is a professional program which required to undergo 15 months of training after passing executive or professional program and it has totally in total 10 papers the next that we are going to learn is the cost and the work accountants.
CS is one of the highest payable and best career in commerce field in India.
7. Retail Manager
The last profession in our list of the best career in commerce is Retail Manager. Retail Managers help in the management of supermarkets and other businesses as per the terms of the business. Basically, a Retail Manager’s job is to run a retail outlet/store of the organisation successfully. The person may require a degree in Retail Management.
Retail Managers supervise and manage every aspect of the day-to-day functioning of retail stores, including staff, inventory, sales and resources management. Retail Managers must have an awareness of the brand and marketing philosophy of the organisation he/she works for. They must use clever marketing strategies to persuade customers to purchase products from their store. The Retail Manager may get a salary of about Rs. 7 lakhs per annum.
So this is our list of the best career in commerce. Hope it will be helpful for you to choose a better profession for yourself. Have a great future ahead.