COMMERCE- a better option

COMMERCE- a better option

A Bachelor's and a Master's degree in commerce can lead to more choic es for students. There are postgraduate courses in the same as well as allied areas open to students of commerce. Academics discuss a few qualifications

BCom graduates can opt for:

Commerce, as a discipline, develops the required knowledge, attitude and skills for successful handling of trade, commerce and industry. Commerce education serves as a catalyst to socio-economic development of any country or region. It supplies the input that enables one to meet the requirements of today's highly competitive business environment. On completion of an undergraduate degree, students can opt for either a postgraduate course andor profes sional training in the subject.Under postgraduate options, students can consider various academic courses such as an MCom in finance and accounts, or international business, Master of tourism and travel management (MTTM), MBA, Master of accounting and taxation and other profession al qualifications offered by institu tions such as the Institute of Char tered Accountants of India (ICAI), the Institute of Cost Ac countants of India, the Institute of Company Secretaries of India (ICSI), Chartered Institute of Management Accountants (CIMA), Association of Chartered Certified Accountants (ACCA), etc.

A postgraduate qualification in commerce or allied areas spells more choices for professionals

Students completing a postgraduate course in these subjects can work as accountants, tax consultants, human resource managers, bankers, auditors, stockbrokers, lecturers, export-import managers, finance consultants, insurance consultants, CACS, event managers, travel agentstravel managers, entrepreneurs, etc.They can also opt for jobs in BPOKPO units and the hospitality sector.

The most obvious choice most students make on completing a BCom degree is pursuing an MCom or an MBA.Those picking an MBA can specialise in international business, human resource development, finance, etc.Apart from the MCom, CA and CS qualifications, there are a number of options open to commerce graduates.These include actuarial science, an MAPG diploma in journalism, PG diploma in advertising market research, hotel management and LLB, among others.

A Master's degree can put one at an advan tage in the job market due to more subject domain knowledge as well as practical ex perience through internships lead ing to better pay packages The eligibility criteria for many jobs in industry include a PG quali fication. Many employers pre fer job-seekers with a PG cre dential since they are per ceived to be more stable and up to date with industry knowledge.

There are a number of specialisations postgraduate students of commerce can explore. These include marketing, accounting, information systems, international business, insurance and finance. Learners can also consider taking a PG diploma in taxation. A number of students also enrol for the CA, CS, advanced excel, statistical package for the social sciences (SPSS) and other courses alongside regular postgraduate studies. Certification courses like the CA, CS and CMA are designed keeping industry needs in mind and are, hence, popular among commerce students.

Alternately, others prepare for recruitment tests conducted by state governments, and organisations such as the UPSC (for the civil services).

Even though industry recruits graduates, career opportunities for PG students are relatively better.