Top 10 Career Opportunities in commerce – Commerce is mainly focused on the distribution aspect of business against the production aspect. Countries are concerned with managing commerce to enhance the well-being of citizens, by providing jobs and producing essential goods and services. This implies that commerce leads to the prospering of nations and an increased standard of living.
The demand for commerce careers in today’s market is high. The field of commerce is growing every day, with new career options for commerce students in the market. Every business venture has an aspect of commerce, including marketing, finance, HR, and management, thus the demand for commerce-based jobs remains essential.
Right from the time when trade by barter started, men have always been in search of how to exchange goods without hindrance and this they have been able to do over the years. This implies that commerce has been existing since ancient days.
If you are doubting what your commerce career should be, you have come to the right page. We’ve discussed the top 0 career opportunities in commerce below. So, go through them and decide on a job position of your interest!
Top 10 Career Opportunities in commerce
- Chartered Accountant (CA)
- Investment Banker
- Cost Accountant
- Human Resource Manager
- Certified Public Accountant (CPA)
- Chartered Financial Analyst
- Marketing Manager
1. Chartered Accountant (CA)
This is one of the most popular commerce courses. Being one of the top-rated careers, pursuing a career in commerce through this profession can be highly rewarding. A Chartered accountant is a professional who is specialized in accounting, auditing, and taxation. Not limited to that, chartered accountants also serves as management and corporate caretaker.
As a chartered accountant, you are also responsible for preparing, updating as well as assessing the internal accounting policies and control processes. To work as a chartered accountant, you must have knowledge related to record keeping, management accounting, financial accounting, cost accounting, reporting, and financial statements as well as the generally accepted accounting principles. However, to progress in this career, you can enroll for an accounting qualification like CA, CPA, and ACCA.
Being a Chartered Accountant is recognized as one of the most respectable careers that one can have as a commerce student. Small-scale companies, multinational Companies, large Scale companies, cottage industries, and start-ups all are in constant demand for Chartered Accountants. Why? Because they can carry out various pertinent financial documents of the companies. They also ensure a non-stop stable flow of money and look after taxes.
If you’re an expert in analytical, exceptional reasoning, and are accurate with numbers, then chartered accountancy is the best for you. As a chartered accountant, you can be designated with a diverse set of roles and responsibilities ranging from financial analysis, and reporting to budget management, evaluation, and auditing to tax consulting.
2. Investment Banker
One of the main skills you will learn as a commerce student is the ability to deal with finances. Thus, commerce students are skillful when developing a plan to handle the money or savings in the best way for any company or individual. The majority of companies and firms hire investment bankers to give them useful suggestions and recommendations, allowing the respective employer to utilize their money effectively and accomplish their desired financial goals without facing any difficulty.
Investment banking is recognized as one of the sought-after careers for ages. This career is high-risk and demanding because of time commitment. You will be assisting varieties of clients ranging from governments to corporations, and institutions to collate capital, and complete mergers as well as acquisitions.
Investment bankers also perform roles including capital market advisors for corporations and government organizations. One of the main responsibilities of an investment banker is to raise a specified amount of capital in the clients’ current capital market and be an advisor for other pertinent finance-related matters. They also decide the prices for the varieties of financial services by assisting the companies and organizations to analyze all the factors related to the respective service.
3. Cost Accountant
The responsibilities of a cost accountant are divided into two i.e.: analyzing the profits and preparing the budget, making it one of the highly respected jobs in the commerce field. Cost accountants are financial specialists in managing costs, making budgets, and evaluating the company’s assets. The regular employer of cost accountants is manufacturing firms.
As a cost accountant, your responsibilities will be data collection, profitability analysis, budget preparation, coordinating physical inventory counts, etc. Therefore, you will assist companies and ensure that their money spent is well-planned and worth it by using cost-efficiency.
No profession doesn’t have risk related to it. It is important to analyze these risks to maintain the smooth functioning of the system. That is why actuaries are trained to analyze the risk related to financial matters.
If you have an interest in statistics, mathematics, and business management, you will find it easy to enter this field and create value in the business world. Your day-to-day responsibilities might include financial modeling and risk analysis of property loss, disability, or other problems that could influence the company. Actuary is one of the best careers in commerce and also comes with the choice of working independently or with an established organization.
5. Human Resource Manager
The roles and responsibilities of a human resource manager vary depending on the size and type of organization. They also handle employee payroll, benefits, and training. Human resource managers are also responsible for employee discipline and punishment in some organizations. Generally, a human resource manager is responsible for activities such as recruitment, management, and development of an organization’s employees.
Human resource managers are in charge of finding, screening, and hiring new employees and handling employee benefit plans and other employment-related incentives. There is a wide range of opportunities in this industry due to the high rate of people interested in working in the business and management sector.
6. Certified Public Accountant (CPA)
A certified public accountant manages the accounting, reporting, taxation, and auditing activities for businesses, clients, and the government. They provide deep knowledge about how to make useful financial decisions when the stakes rise. For commerce students, a certified public accountant (CPA) is one of the highest-paying careers in the United States and globally.
The qualification needed to be a successful Chartered Public Accountancy is a bachelor’s degree in Business Administration, Finance, or Accountancy, you should accomplish 150-160 hours of relevant studies, and have a clear four-part exam.
7. Chartered Financial Analyst
This is one of the most respectable positions for any professional with background experience in investment management. Building a career as a Chartered Financial Analyst can give you one of the highest-paying packages.
8. Marketing Manager
A marketing manager is in charge of planning, executing, and evaluating marketing campaigns for companies they work with. They work very closely with the sales team to make sure that campaigns are met accurately and get the desired results. Other duties of a marketing manager include conducting market research, managing budgets, creating marketing materials, and managing social media accounts. An interested candidate should have work experience in marketing, project management, and budgeting. They should also be able to work independently and have creative skills to solve problems. Outstanding communication and writing skills are also important because it forms the ability to work well under pressure.
Economists learn the production and distribution of resources, goods, and services by obtaining and analyzing data, looking into trends, and evaluating economic issues.
Economists observe market data, use actuarial models, and statistical analysis to understand and state economic trends and monitor market conditions to assist corporations to accomplish their targeted profits. Many economists work with various levels of government, observing issues related to employment, taxes, and interest rates.
With the existence of lots of pertinent factors like employment, inflation, banking, etc influencing the economy of a country, economists are needed almost everywhere.
Consultancy is a profession that allows one to participate in the business of offering expert advice to people working in a specific field. It is a skilled career that can be learned through extensive formal training with on-the-job training, mentoring, and individual learning. Specialists in this career can work as independent individuals or with a firm. Working with a firm can make one become a management consultant.
Management consultants assist organizations to provide solutions to problems, create value, bring growth, and uplifting business performance.
Management consulting is a very rewarding career. Although the competition in this field is high, applicants with excellent degrees performance find it easy to get into the field. Therefore, if you are interested in this career path, obtain a higher certification to complement your degree in Banking and Finance.
There are lots of careers you can take up after completing a degree or course in the field of commerce. Commerce has expanded to be a very interesting field with many career opportunities that have a high possibility of getting a mouth-watering salary.
Whatever your choice of career, bear in mind that it comes with high-paying salary as long as it is in the world of commerce.
Frequently Asked Question(s)
What are career opportunities in commerce?
There are many careers in commerce as opportunities in accounts and finance like bachelor of commerce, business management in finance, accountant, banking sector, Economist (bachelor of economics or mathematics & statistics), stockbroking, company secretary, Actuarial science, certified financial planner, etc.
Can a commerce student be successful?
It is clear that Job opportunities in commerce can definitely shape your career and will help you to climb the ladder of success.
Is commerce full of maths?
Mathematics is an important part of Commerce as all the methods of economics depend on numbers. With a basic knowledge of Maths principles, an individual and an organisation will be able to understand where they position themselves financially in the present, and in the future.
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