Commerce is one of the three fundamental academic streams, the other two being humanities and science. While pursuing a course in the field of commerce, one acquires the knowledge of
The concept of commerce consists of a wide range of interdisciplinary branches including Accountancy, Business Administration, E-Commerce, Finance, Economics and Marketing. Since the Indian economy is one of the fastest growing economics among the third world countries, the need for talented professionals, who can contribute towards the growth of the economy, is increasing. To serve the purpose, many commerce colleges in India are imparting quality education. A commerce aspirant can pursue course related to the field at any of the colleges and work in organizations that deals with finance and commerce.
Key Words:
Investment Banking, Forensic Accounting, Taxation, Chartered Accountancy, Banking, Insurance.
Several commerce colleges and institutes in India are imparting courses in the field of commerce at the undergraduate and postgraduate levels. At the undergraduate level, one can pursue Bachelor of Commerce (B.Com), a 3 year program and Master of Commerce (M.Com), a 2 year program. To be eligible for undergraduate course, the candidates have to pass 10+2 level examination in commerce stream, from any recognized Board. For the PG level program, one should have done B.Com from any recognized University. Some of the top Commerce Colleges in India are:
Careers
Careers in Investment Banking
Investment banker is a person who helps organization to raise its funds, by doing thorough study of the market trends, risk involved in investments and the prevalent economic conditions. An investment banker provides wide-range of services including endorsing securities, trading of stock and bond, facilitating mergers and acquisitions, maintaining broker-dealer operations and providing financial guidance regarding pricing of securities, issuing and placement of stocks. The job requires detailed research work prior to any investment. Dedication, commitment, hard work, devotion is necessary to excel in this field. A proficient investment banker can fetch high returns to the company.
Read More....
Careers in Forensic Accounting
Forensic accounting involves legal investigation and analysis of financial documents of any firm or client, who is involved in a legal dispute. A forensic accountant is an experienced auditor, who acts as a watch-dog of accounts of a company, in order to keep a check on the frauds. His/her job is to determine the accuracy of financial statements of an organization. With the growing number of fraud cases, the demand of good forensic accountants is on rise. The job of forensic accountants is quite challenging. It requires commitment, loyalty and devotion. Understanding of psychological theories, analytical/investigative skills is a must for the person. His/her conclusion should not be based on any assumption or opinion. Proper research work and detailed study of accounts is required to draw a fair and unbiased conclusion.
Read More....
Careers on Taxation
Taxation is process of imposing financial charge (tax) on the citizens who earn ‘taxable’ income. Tax is levied upon the tax payers by the Central Government, State Government or any authority of a state. Tax collection is an important role of the government, because the tax paid by the citizens forms its integral source of income.
Read More....
Career in Capital Market
Liberalized Indian economy has opened up the capital markets for domestic as well as foreign investors. Due to the heavy flow of capital into the capital markets and its steady growth there are many employment opportunities in this sector. Besides this coming of private player and many financial institutions into the capital markets has further widened the scope of employment here. Capital markets comprise of stock exchanges and mutual funds. As this is one of the fastest growing areas in Indian economy here we can see more job opportunities.
Read More...
Career in Chartered Accountancy
With rapid growth in Indian economy, Chartered Accountants are in great demand. Chartered Accountants/CA usually occupies high and respectable posts in a given organization. They are the ones responsible for handling accounts and finance related matters, deal with money management, prepare, analyze and audit accounts along with providing financial advice. There are three levels of Chartered Accountancy Course in India. Common Proficiency Test is an entry-level programme.
Read More...
Career in Banking
Banking is one of the most important career choices among students because it is well paid, secure and high status career. Though it may appear that these jobs are meant for commerce/economics students but the fact is that majority of bank officers are from different streams of education like Arts, Science and others. The all round demands for professionals has made banks: Public Sector, Foreign and Multinational to recruit more and more MBA graduates.
Read More...
Careers in Insurance
In the liberalization era the Indian insurance industry has witnessed exceptional growth with participation of both public and private sectors players. There are many public and private players both in the field of life and non-life insurance business. The major government companies are Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC) and Postal Life Insurance. Private players like Om Kotak Mahindra, Birla Sun Life, Tata AIF Life, Reliance, HDFC Standard Life-Insurance Co., Max New York Life, Sundaram, Cholamandalam, IFFCO Tokyo and Tata AIG are also there.
Read More...
Careers in Company Secretary
Careers in Cost and Work Accountancy
In the era of liberalization and market-driven economy, demands of quality professionals are on upswing. Among many such professional are Cost and Work Accountants (CWA). Their main role is to frame business policy of company and to give a prognosis for project to be undertaken based on past and present financial performances. In this way, Cost Accountant can facilitate strategic decisions in respect of diverse economic activities of an organization, Institute of Cost and works Accountants of India (ICWAI) promotes, regulates and develops the profession of Cost Accountancy in India.
Read More...
Careers in Financial Analysis
Financial Analyst is a person, who on behalf of his/her clients, analyzes and studies the financial data and further guides them about their investments. A financial Analyst critically scrutinizes the details of the company, in which his/her client wishes to invest. For the purpose, he/she studies their financial reports by having direct, one to one conversation with officials of the organization and experts of the industry. Detailed report of the findings is prepared in order to draw a conclusion regarding the purchase and selling of the company’s stock. A financial expert may even have to analyze a merger or take over of an organization. To become a good financial analyst, one has to dedicated, determined, focused and hard-working, because he/she can not afford to be wrong in the research work. Apart from this, numerical skills, patience, logical interpretation of facts and good communication skills also play a vital role to become a financial analyst. It is a job of a specialist, who always needs to be on his/her toes in order to meet the deadline. The profession of a financial analysts demands long working hours and at times, multitasking as well. A good financial analyst should be able to accomplish a complicated task with ease. To become a financial analyst, one can opt for a degree program in business, accounting, statistics, or finance at undergraduate level. He/she should have studied mathematics, computers or social science as compulsory subject at the undergraduate or 10+2 level. The knowledge of preparing spreadsheets, Hyperion Essbase, MS Office or other analytical tools is necessary for those who aspire to become financial analysts. A course like Chartered Financial Analyst (CFA program) is especially designed for financial analysts. All the above mentioned programs and awareness of business news would help to develop an aptitude towards the job.
Institutes Offering
Various institutions all over the India offer specialized training and programs for financial analysts. Some of reputed institutions are Birla Institute of Technology and Science (Rajasthan), Narsee Monjee Institute of Management (Mumbai), International Management Institute (New Delhi), SP Jain Institute of Management and Research (Mumbai), Xavier Institute of Management (Bhubaneshwar), ICFAI Business School (Kolkata, Chennai, Ahmedabad, Bangalore, Mumbai), The ICFAI University (Hyderabad).
Please friends, give your valueable comments on information provided to you.....
- Business or trade
- Nature and fluctuations in market o Basics of economics
- Fiscal policies
- Industrial policies, etc.
The concept of commerce consists of a wide range of interdisciplinary branches including Accountancy, Business Administration, E-Commerce, Finance, Economics and Marketing. Since the Indian economy is one of the fastest growing economics among the third world countries, the need for talented professionals, who can contribute towards the growth of the economy, is increasing. To serve the purpose, many commerce colleges in India are imparting quality education. A commerce aspirant can pursue course related to the field at any of the colleges and work in organizations that deals with finance and commerce.
Key Words:
Investment Banking, Forensic Accounting, Taxation, Chartered Accountancy, Banking, Insurance.
Several commerce colleges and institutes in India are imparting courses in the field of commerce at the undergraduate and postgraduate levels. At the undergraduate level, one can pursue Bachelor of Commerce (B.Com), a 3 year program and Master of Commerce (M.Com), a 2 year program. To be eligible for undergraduate course, the candidates have to pass 10+2 level examination in commerce stream, from any recognized Board. For the PG level program, one should have done B.Com from any recognized University. Some of the top Commerce Colleges in India are:
- Shri Ram College of Commerce (SRCC), Delhi
- Loyola College, Chennai
- St. Xavier’s College, Kolkata o Presidency College, Chennai
- Symbiosis Society’s College of Arts & Commerce, Pune
- BM College of Commerce, Pune
- St. Xavier’s, Mumbai
- St. Joseph’s College, Banglore
- Narsee Monjee College
Careers
Careers in Investment Banking
Investment banker is a person who helps organization to raise its funds, by doing thorough study of the market trends, risk involved in investments and the prevalent economic conditions. An investment banker provides wide-range of services including endorsing securities, trading of stock and bond, facilitating mergers and acquisitions, maintaining broker-dealer operations and providing financial guidance regarding pricing of securities, issuing and placement of stocks. The job requires detailed research work prior to any investment. Dedication, commitment, hard work, devotion is necessary to excel in this field. A proficient investment banker can fetch high returns to the company.
Read More....
Careers in Forensic Accounting
Forensic accounting involves legal investigation and analysis of financial documents of any firm or client, who is involved in a legal dispute. A forensic accountant is an experienced auditor, who acts as a watch-dog of accounts of a company, in order to keep a check on the frauds. His/her job is to determine the accuracy of financial statements of an organization. With the growing number of fraud cases, the demand of good forensic accountants is on rise. The job of forensic accountants is quite challenging. It requires commitment, loyalty and devotion. Understanding of psychological theories, analytical/investigative skills is a must for the person. His/her conclusion should not be based on any assumption or opinion. Proper research work and detailed study of accounts is required to draw a fair and unbiased conclusion.
Read More....
Careers on Taxation
Taxation is process of imposing financial charge (tax) on the citizens who earn ‘taxable’ income. Tax is levied upon the tax payers by the Central Government, State Government or any authority of a state. Tax collection is an important role of the government, because the tax paid by the citizens forms its integral source of income.
Read More....
Career in Capital Market
Liberalized Indian economy has opened up the capital markets for domestic as well as foreign investors. Due to the heavy flow of capital into the capital markets and its steady growth there are many employment opportunities in this sector. Besides this coming of private player and many financial institutions into the capital markets has further widened the scope of employment here. Capital markets comprise of stock exchanges and mutual funds. As this is one of the fastest growing areas in Indian economy here we can see more job opportunities.
Read More...
Career in Chartered Accountancy
With rapid growth in Indian economy, Chartered Accountants are in great demand. Chartered Accountants/CA usually occupies high and respectable posts in a given organization. They are the ones responsible for handling accounts and finance related matters, deal with money management, prepare, analyze and audit accounts along with providing financial advice. There are three levels of Chartered Accountancy Course in India. Common Proficiency Test is an entry-level programme.
Read More...
Career in Banking
Banking is one of the most important career choices among students because it is well paid, secure and high status career. Though it may appear that these jobs are meant for commerce/economics students but the fact is that majority of bank officers are from different streams of education like Arts, Science and others. The all round demands for professionals has made banks: Public Sector, Foreign and Multinational to recruit more and more MBA graduates.
Read More...
Careers in Insurance
In the liberalization era the Indian insurance industry has witnessed exceptional growth with participation of both public and private sectors players. There are many public and private players both in the field of life and non-life insurance business. The major government companies are Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC) and Postal Life Insurance. Private players like Om Kotak Mahindra, Birla Sun Life, Tata AIF Life, Reliance, HDFC Standard Life-Insurance Co., Max New York Life, Sundaram, Cholamandalam, IFFCO Tokyo and Tata AIG are also there.
Read More...
Careers in Company Secretary
The growth and expansion of corporate sector due to liberalization and globalization has resulted growth in demand for specialists in almost every sphere. Company Secretary is such a specialized professional. A Company Secretary is one who is responsible for efficient management of the corporate sector and act as an advisor in legal matter. He co-ordinates various departments of the organization, ensures compliance of company legislations and advises directors on statutory requirements of the company. Apart from this, he also looks after finance, accounts, legal, personnel and administrative functions.
Careers in Cost and Work Accountancy
In the era of liberalization and market-driven economy, demands of quality professionals are on upswing. Among many such professional are Cost and Work Accountants (CWA). Their main role is to frame business policy of company and to give a prognosis for project to be undertaken based on past and present financial performances. In this way, Cost Accountant can facilitate strategic decisions in respect of diverse economic activities of an organization, Institute of Cost and works Accountants of India (ICWAI) promotes, regulates and develops the profession of Cost Accountancy in India.
Read More...
Careers in Financial Analysis
Financial Analyst is a person, who on behalf of his/her clients, analyzes and studies the financial data and further guides them about their investments. A financial Analyst critically scrutinizes the details of the company, in which his/her client wishes to invest. For the purpose, he/she studies their financial reports by having direct, one to one conversation with officials of the organization and experts of the industry. Detailed report of the findings is prepared in order to draw a conclusion regarding the purchase and selling of the company’s stock. A financial expert may even have to analyze a merger or take over of an organization. To become a good financial analyst, one has to dedicated, determined, focused and hard-working, because he/she can not afford to be wrong in the research work. Apart from this, numerical skills, patience, logical interpretation of facts and good communication skills also play a vital role to become a financial analyst. It is a job of a specialist, who always needs to be on his/her toes in order to meet the deadline. The profession of a financial analysts demands long working hours and at times, multitasking as well. A good financial analyst should be able to accomplish a complicated task with ease. To become a financial analyst, one can opt for a degree program in business, accounting, statistics, or finance at undergraduate level. He/she should have studied mathematics, computers or social science as compulsory subject at the undergraduate or 10+2 level. The knowledge of preparing spreadsheets, Hyperion Essbase, MS Office or other analytical tools is necessary for those who aspire to become financial analysts. A course like Chartered Financial Analyst (CFA program) is especially designed for financial analysts. All the above mentioned programs and awareness of business news would help to develop an aptitude towards the job.
Institutes Offering
Various institutions all over the India offer specialized training and programs for financial analysts. Some of reputed institutions are Birla Institute of Technology and Science (Rajasthan), Narsee Monjee Institute of Management (Mumbai), International Management Institute (New Delhi), SP Jain Institute of Management and Research (Mumbai), Xavier Institute of Management (Bhubaneshwar), ICFAI Business School (Kolkata, Chennai, Ahmedabad, Bangalore, Mumbai), The ICFAI University (Hyderabad).
Please friends, give your valueable comments on information provided to you.....
Thanx , for ur helpful information.
ReplyDeletetanks for suggestion.
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