The path a person takes after graduating from high school is crucial because it determines the foundation of their career. Students with a background in commerce have a wide range of career options at their disposal.
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1. Chartered Accountancy (C.A) –Chartered accounting is the most popular career path selected by students with a background in commerce (C.A.). The professional practice of accounting, auditing, taxation, and financial assessment for an individual or an organization is known as chartered accounting. To become a chartered accountant in India, one must pass the three levels of the Institute of Chartered Accountants of India (ICAI) examinations: the Final Course (FC), the Integrated Professional Competency Course (IPC), and the Common Proficiency Test (CPT).
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Students can study for the CA through Foundation Route after class 12, but there are some eligibility requirements. To be eligible to take the Foundation exam, the candidate must have passed Class 12 and finished their four-month study period following their registration with the CA. The applicant must register with the Board of Studies and finish their four-month study term.
2. Company Secretary (CS) – The Institute of Company Secretaries of India (ICSI) offers a professional course called “Company Secretary.” A company secretary oversees the effective management of a business, including matters pertaining to governance and making sure that laws and statutes are followed.
After passing their 12th grade exams, candidates must pass the Foundation program, Executive program, and Professional program in order to become CSs.
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3. Actuary –Actuarial science is a discipline that studies risk in a number of industries, including business, finance, insurance, and healthcare. Actuarial science experts use statistical analysis, financial theories, and mathematical formulas to identify potential business risks.
Professionals in this field are therefore in charge of gathering statistical data, carrying out analysis, and creating business plans.
In order to become an actuary, students must pass their Class 12 commerce exams and earn a B.Com. or diploma in math, statistics, and actuarial science. In addition, students must take and pass all 15 stages of the Actuarial Common Entrance Test (ACET).
4. Bank PO –In addition to managing customer complaints and other customer-related issues, a Bank Probationary Officer (PO) also serves as a Public Relations Officer. Managing cash flow, loans, mortgages, and finances are additional duties.
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All public and private banks, including SBI, IBPS, and ICICI Bank, publish job openings for PO positions each year. The candidate advances to more senior positions following the two-year probationary period.
5. Cost and Management Accounting –For students studying commerce, a profitable career option is cost and management accounting. By analyzing financial data, creating budgets, and carrying out cost analyses, cost and management accountants help businesses make wise financial decisions, control spending, and boost operational effectiveness. In order to become a Certified Public Accountant (CPA), a student must register with the Institute of Cost Accountants of India (ICAI) and finish the foundation, intermediate, and final stages of the CMA course.
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