What is Commerce?

Commerce is a field for students who have an interest in financial information/transactions, trading of economic value, etc. Students often consider taking up Commerce after completing Class 12. Students who are looking forward to pursuing a career in Commerce have a wide range of choices before them.

Candidates can pursue the Commerce course at the undergraduate (UG), postgraduate (PG), diploma levels as well as at the doctoral level. UG level Commerce courses offered to aspirants include BCom, BBA, CA, CS, BBA LLB, BBM, BSc, etc. At the PG level, popular Commerce programs are MCom, MBA, MPhil, MSc, etc. Generally speaking, UG courses in Commerce are of three years duration whereas PG programmes are of two years duration.

Among the Commerce courses, students can consider choosing specialisations such as Accounting and Finance, Banking and Finance, Accounting and Taxation, Actuarial Science, Business Administration, Applied Economics, E-Commerce, Financial Accounting, Banking and Insurance, Human Resources, Entrepreneurship, Accounting and Auditing, etc. 

Commerce Eligibility Criteria

Check out the eligibility criteria for pursuing Commerce below:

Graduation: 

• Candidates can pursue a UG degree in Commerce if they have completed their Class 12 or its equivalent level of education in the relevant stream from a recognised board

• Candidates who have studied subjects such as Accounts, Mathematics and Economics, etc. are also eligible to apply

• Candidates in Class 12 and awaiting the results can also apply

Post-Graduation:

• To secure admission in the PG level Commerce course, candidates should have completed their graduation degree in Commerce stream from a recognised college/university

• Students must have secured a minimum of 50% aggregate or equivalent in graduation (it may vary from college to college)

Top Commerce Entrance Exams

Given below is the list of top Commerce entrance exams scores that are valid for admission to various institutes and universities:

List of Commerce Exams

ICAI

ICSI

ICWAI

CFA

DU JAT

SET

IPU CET

ACET

Check Out: List of all Commerce exams

Commerce Courses

Students can pursue Commerce courses at UG, PG and Ph.D. levels. The regular Bachelor’s and Master’s degree courses are available full-time as well as part-time. Certificate courses such as CA, CS, CFA are available in part-time mode and are very popular Commerce courses in India.

List of Commerce Courses in India

BCom/BCom(H)

Chartered Accountancy

MCom/MCom (H)

Company Secretaryship

MA Economics

CFA

MSc Economics

Cost Accounting

MPhil

BEd

MBA

BA Economics

BBA/BMS

BCom LLB

Commerce: Skillsets Required

Candidates who want to make a mark in the field of Commerce should be a quick thinker and good with numbers. Some key skills that an individual should possess so as to be successful in the Commerce industry are:

List of Skillsets Required for CommerceQuick ThinkerNumeracy skillsGood Communication skillsProblem-solving abilityLeadership skillsCritical and analytical thinking ConfidenceMulti-taskingAdaptabilityCommittedTime managementStrong negotiation skills

Commerce Subjects and Syllabus

Check out the Commerce syllabus for graduation and post-graduation programmes in the tables below:

Commerce UG Course Syllabus

Refer to the table below to know the Commerce syllabus at the graduation level:

                    Course

Subjects

BCom

Financial Accounting

Business Organization and Management

Language: English/Hindi/Modern Indian Language

Generic elective courses like Macro-economics, Foreign exchange markets, etc.

Company Law

Indirect Tax Laws

Auditing and Corporate Governance

Fundamentals of Financial Management

BCom in Finance and Accountancy

Financial Accounting

Business Law

Business Economics

Language: English/Hindi/Modern Indian Language

Business Management

Human Resource Management

Management Accounting

Principles of Macroeconomics

Organizational Behavior

IT in Business

Financial Management

Income Tax

Corporate Law

Auditing

Strategic Cost Management

Indirect Taxation

Strategic Management, Ethics and Corporate Governance

International Taxation and Transfer Pricing

BCom (H)

Environmental Studies

Financial Accounting

Business Laws

Business Communication (Language)

Corporate Accounting

Corporate Laws

Human Resource Management

Income Tax Law and Practice

Management Principles and Applications

Cost Accounting

Business Mathematics

Computer Applications in Business

Principles of Marketing

Fundamentals of Financial Management

Auditing and Corporate Governance

Indirect Tax Laws

BBA

Introduction to Business Studies

Business Accounting

Principles of Microeconomics

Business Communication

Business Mathematics

Business Entrepreneurship

Elements of IT

Organizational Behavior

Management Accounting

Macroeconomic Theory

Corporate Governance and Ethics

Human Resource Management

Business Statistics

Fundamentals of Marketing

Integrated Disaster Management

Operations Research

Business Laws

Foreign Language

Liberal Arts

Fundamentals of Quality Management

Research Methodology

Basics of Management Information Systems

BCom in Banking and Insurance

Auditing

Business Communication

Business Ethics and Corporate Governance

Business Statistics

Business Tax Procedures and Management

 Central Banking

Corporate Laws and Law Governing Capital Markets

Cost Accounting of Banking and Insurance

Customer Relationship Management

Equity Debt

Entrepreneurship Management

Environmental Studies

Financial Accounting

Financial Management

Financial Services Management

Forex Management

Human Resource Management

Innovations in Banking and Insurance

International Banking Finance

International Business

Introduction to Computers and IT

Management Accounting

Organizational Behavior

Quantitative Methods

Strategic Management

Universal Banking

BCom in Accounting and Taxation

Financial Accounting

Cost Accounting

Business Mathematics

Law of Contract

Microeconomics

E-Commerce

Business Statistics

Corporate Accounting

Business Law

Operations Research

Income Tax Law and Practices

Business Organization

Corporate Law

Financial Management

Advanced Business Statistics

Advanced Accounting

Business Management

Auditing

Retail Management

Macroeconomics

Indirect Tax Laws

Tax Planning

Management Accounting

Monetary Economics

Business Economics

BA in Business Economics

Economics of Firm Strategy

Economics of Money and Banking

Managerial Economics

Basic Financial Accounting

Entrepreneurial Development

Statistics for Business Analysis

Marketing

Macroeconomics

Fiscal Economics

International Economics

Indian Economy and Economic Reforms

Human Resource Development

Financial Markets

Commerce PG Course Syllabus

The syllabus for PG level Commerce courses is mentioned below:

Course

Subjects

MCom (Master of Commerce)

Business Statistics

Managerial Economics

Managerial Accounting

Financial Planning

Organizational Theory and Behavior

Quantitative Techniques for Business

Financial Management and Policy

Marketing Management

Legal Aspects of Business

International Business

Global Strategic Management

Entrepreneurship

Corporate Governance, Ethics and Social Responsibility of Business

Business Research

MA (Hons) in Economics

Economic History of India

Principles of Economics

Mathematics for Economic Analysis

Sociology

English

Indian Economy Since Independence: Problems and Prospects

Micro Economics

Development Economics

Accounting and Financial Management

Statistics for Economic Analysis

Data Base of the India Economy and Computer Analysis of Data

Macro Economics

Economics of Agriculture

Econometrics

History of Economic Thought

Basics of Financial Markets

Economics of Industry

Optimization Techniques and Game Theory

Human Resource Development

Economics of Public Finance

Environmental Economics

International Economics

MBA

Organizational Behavior

Economics

Marketing Management

Information Technology

Quantitative Techniques in Management

Business Communication

Behavioral Science

Foreign Business Language

Human Resource Management

Accounting and Finance

Research Methodology

Productions and Operations Management

Legal Aspects of Business

Company Report

Business Environment and Strategic Management

Management in Action – Social, Economic and Ethical Issues

MBA in Banking and Finance

Principles of Management and Organizational Behavior

Managerial Economics

Accounting and Finance for Managers

Marketing Management

Human Resource Management

Quantitative Techniques for Management

Research Methods for Management

Corporate Communication

Operations Management

Financial Institutions and Services

Management Control Systems

Banking and Insurance Marketing

Management of Banking and Insurance Companies

Commercial Banking and Role of RBI

Mutual Fund Management

Merchant Banking

Business Environment and Ethics

Strategic Management

MCom in Accounting and Finance

Accounting Theory and Standards

Advanced Corporate Accounting

Advanced Financial Accounting

Applied Cost Accounting

Business Research Methods

Computerized Accounting with Tally

Communicative Skills

Cost Control Techniques

Costing Methods

Direct Taxes

e-Commerce

Enterprise Resource Planning

Financial Accounting

Financial Markets and Institutions

Financial Management

Financial Services

Human Resource Management

Indirect Taxation

Insurance and Risk Management

International Financial Management

Investment & Portfolio Management

Management Accounting

Management Information Systems

Management of Financial Services

Managerial Finance

Modern Banking

Principles of Accounting

Principles of Insurance Management

Principles of Modern Banking

Principles of Personal Finance

Quantitative Techniques for Finance

Security Analysis and Portfolio Management

Top Commerce Specialisations

The students who wish to pursue Commerce as their field of study and career path have the opportunity to choose various specialisations. Check out the table below to know the Commerce specialisations offered by various Commerce colleges in India:

List of Commerce SpecialisationsAccounting and FinanceBanking and FinanceBanking and InsuranceAccounting and TaxationActuarial ScienceBusiness AdministrationApplied EconomicsFinancial AccountingHuman ResourcesEntrepreneurshipAuditingInvestment Banking

Top Commerce Colleges in India

Check out the table below to know the top Commerce colleges in India:

List of Top Commerce Institute/University in IndiaShri Ram College of Commerce (SRCC)St. Joseph's College of CommerceHindu CollegeDaulat Ram CollegeLady Sri Ram College for WomenStella Maris CollegeMadras Christian CollegeKJ Somaiya College of Arts and CommerceChrist UniversityMount Caramel CollegeNarsee Monjee College of Commerce & Economics Goenka College of Commerce and Business AdministrationMithibai College of ArtsSymbiosis College of Arts and Commerce

Commerce Jobs, Career Scope and Top Recruiters

If students want to make a career in the field of Commerce, there are ample career opportunities available for the students. Depending on the course selected by candidates they can pursue different job profiles. Herein some popular job profiles as per the course:

• Graduates: After completing UG level course under Commerce, the candidates can find various jobs at entry or junior level in Accounting, Commerce, Banking and Finance and related fields such as Junior Accountant, HR Manager, Business Executive, Accounts Executive, Operations Management, Data Analyst, Research and Development Manager, Information Systems Manager, Project Manager, etc.

•  Post Graduates: After completing PG level courses under Commerce, the candidates can seek employment in the BFSI Sector, opt for teaching or lecturer-ship or go for research. There are various job options for PG degree holders of Commerce in the private, public as well as government sectors. Nationalized banks, Railways, Income Tax and other such government departments are good options who aim for a secure and prosperous career. The candidates can get the job of Senior Accountant, Cashier/Teller, Bank Manager, Marketing Manager, Investment Banker, Wealth Manager, etc.

Commerce Job Profiles

Check out the table below to know the job opportunities available for Commerce students along with the average salary in India:

Job ProfileAverage Salary (Per annum)*Junior AccountantRs 1.85 lakhBusiness ExecutiveRs 2.99 lakhHR ExecutiveRs 3.75 lakhAccounts ExecutiveRs 2.70 lakhData AnalystRs 4.36 lakhResearch and Development ManagerRs 11.73 lakhProject ManagerRs 13 lakhWealth ManagerRs 9.09 lakhBank ManagerRs 7.89 lakhSenior AccountantRs 4.06 lakhCashierRs 2 lakhMarketing ManagerRs 10 lakhInvestment BankerRs 9.42 lakhFinance ManagerRs 9.6 lakh

*the salary data is taken from payscale.com

Commerce Top Recruiters

Commerce graduates have vast career options. After completing their course, aspirants can work in Accounting, Commerce, Banking and Finance and related fields. They also have an option to prepare for the appointment in the government sector as well as the public sector. Herein the recruiters that hire Commerce graduates:

Commerce Top Recruiters

SBI

Deloitte

ICICI Bank

KPMG

HDFC

TFC

RBS

Tata Consultancy Services (TCS)

Induslnd Bank

Microsoft

Ernest and Young

HCL Technologies

Punjab National Bank

Hewlett-Packard

Citibank

IBM

HSBC

Reliance

Important FAQs Related to Commerce

Q. What are the career options after pursuing Commerce?

A. A field like Commerce offers a plethora of job opportunities. Students choosing Commerce as their field of study can opt for careers such as Business Executive, Accountant, HR Manager, Data Analyst, Marketing Manager, Investment Banker, Wealth Manager, Project Manager, Research and Development Manager, etc. 

Q. What is the eligibility criteria for pursuing Commerce in my graduation?

A. Students who wish to study Commerce in graduation must have completed Class 12 or equivalent with Commerce as a subject. Students who have studied Mathematics, Economics, and accounts are also eligible to apply.

Q. Which is the best course to choose after BCom after Commerce?

A. Many Commerce courses are also offered at the post-graduation level. Students who wish to pursue higher studies in Commerce can opt for courses such as MCom, MBA, MA (Hons) in Economics,  MBA in Banking & Finance and MCom in Accounting & Finance. 

Q. Are there any entrance exams that I need to give to pursue professional Commerce courses?

A. Yes, there are some entrance exams conducted by a few universities for admissions into their various Commerce courses. Students can appear for  ICAI if they are planning to choose CA as their career choice,  ICSI for Company Secretaryship,  ICWAI for Cost Accountants,  CFA for Chartered Financial Analyst.

Q: How can I get admission to the Commerce course?

A: The Commerce admission process includes an entrance exam, Group Discussion and Personal Interview. Many colleges and universities offer admission on the basis of merit only.

Q. Which are the top companies that recruit Commerce graduates?

A. Companies such as SBI, Deloitte, KPMG, TCS, Microsoft, HCL Technologies, Hewlett- Packard, Reliance, Ernest and Young, etc are some of the top recruiters. 

Q: Which are the top colleges in India which offer Commerce courses?

A: There are various colleges in the country that offer Commerce courses such as SRCC, Hindu College, MCC, Chennai, Christ University, Narsee Monjee College and Economics, etc.

Q: What is the duration of the Commerce courses?

A: Commerce courses at the UG level are of three-year duration and the Commerce courses at the PG level are of two-year duration.

Q: Will I get good placements after pursuing Commerce?

A: Yes, many Commerce colleges provide placements  to its students at the end of the course. To ensure, you get a placement, check whether the college you shortlist for admission has a placement cell or not.

Q: Are there any Commerce colleges that provide online commerce courses?

A: Colleges such as Amity University, Annamalai University, MIT School of Distance of Education, Karnataka State Open University, Chandigarh University, Jain University, Periyaar University, Manipal University, etc. provide online Commerce courses.

Q: What are the specialisations that I can opt for Commerce course?

A: S tudents can consider specialisations such as Accounting and Finance, Banking and Finance, Accounting and Taxation, Actuarial Science, Business Administration, Applied Economics, etc.