People often assume that students who choose commerce stream are either not good in studies or they belong to a business class family. But this thinking is counterproductive to a person who is good with numbers and has an inclination towards money matters. Even though the Indian economy at present is going through a low phase with no clear job opportunities in most sectors but commerce due to its wider application into a myriad of fields opens up the market for a student who has chosen this field of study.
Banks with their massive and ever expanding reach have become the largest absorbers of the students opting for commerce as their choice of study in colleges. If a student has just cleared 12th, he/she can pursue B.Com Hons along with a Diploma course in Banking and Finance. Opportunities available are boundless and students should enroll for professional or vocational courses like CA, CFA, PG Diploma in Banking and Finance as soon as they finish their college degree.
Commerce may simply be defined as the study of the sale and purchase of goods and services between a producer and a buyer. Just like science or humanities, commerce, too, have endless career choices. The options range from consulting roles in banks and corporates to investment banking, financial planning, financial analyst, wealth management, risk management, and private equity. Along with an obvious knack for data and numbers, students who opt for commerce should have an analytical thinking and a good grasp of accounting and economics concepts.
Traditionally, this stream is linked to the banking sector only but now anyone who has a valid Bachelor’s degree can apply for a job in this sector. But one needs to understand that commerce is a comprehensive study of data and numbers and how they interact to produce various results that affect market dynamics.
Read about TKWS Institute of Banking & Finance
Banking, if roughly, defined involves an exchange of money from one party to another that also includes interests, loans, and investments. Students who choose banking as their final destination of career can aim for viz. Retail Banking, Corporate Banking and Investment Banking.
To understand these final choices of fields, one needs to understand the subjects first which will later affect their career choice as a banker. Banking jobs are sought after nowadays as they are well paid, have job security and have a decent amount of holidays.
Another branch of work which is famous in the corporate world is Chartered Accountancy as it provides an option to do practice while taking up a job of your choice. One may appear for the entrance exam conducted by ‘The Institute of Chartered Accountants of India’. Students can appear for the exam even after passing the Senior Secondary Exams but it is advisable to do so after Bachelor’s degree as the success ratio is a meger 3%. One should get a thorough understanding of the subject while pursuing B.Com before they try their hands at the Chartered Accountancy examination. Also, a student with additional qualifications such as CS and Diplomas is bound to land up with better job prospects after the Chartered Accountant certification.
The following courses, after Intermediate Graduation, will give an ideal platform to get into the aforementioned jobs:
- B.Com or Bachelor of Commerce
- Bachelor of Economics
- Advanced Diploma in Banking and Finance
- Chartered Accountancy
- CFA or The Chartered Financial Analyst Program
Summer Internship at TKWs Institute of Banking and Finance
Taking up a summer internship is a common step that provides a major advantage at the time of interview. Courses at TKW ensure that every student enrolls to such internships for all of its undergraduate and postgraduate programs. As must be evident by now that competition will be fierce and students should take advantage of summer internship and score well in the final exams for their choice of degree. Banks are always on the look-out for people who have a blend of theoretical knowledge combined with practical exposure to banking processes and procedures.
The banking and finance sectors are safer career options in the present political scenario and the growing economy of our country. New financial policies have provided this sector with maximum avenues to expand their business and provide various services to their existing clients and procure new ones. The BFSI (Banking, Financial Services, and Insurance) sector is going through a major bout of transformation and amalgamation with new technologies with present employment of around 1.2 million people in its embrace.
TKWs with its future-ready courses and industry-driven perspective focuses on pertinent employment can help one achieve their dream job.
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TKWs Institute of Banking and Finance