In the fast-changing world of business and finance, having a good understanding of commerce is more important than ever. After finishing high school, students have many options for their future careers. In 2023-24, there will be a high demand for people with commerce skills, and these careers can offer good salaries.
Students who pursue this field find it exciting because it offers many opportunities for things like trading, business, international relations, and management.
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Whether you want to be a financial expert, a marketing pro, or a business leader, this guide will help you figure out which path is right for you. Let’s explore the top commerce courses after 12th that will be in demand in the coming year.
Commerce Courses after 12th with High Salary Without Maths
1. Chartered Accountancy (CA)
Chartered Accountancy (CA) is probably the first and the most universally accepted promising career option if you are looking for commerce courses after 12th with a high salary in India. CA is a professional course that provides training in accounting, auditing, taxation, and finance and is highly respected in the business world.
Entrance Examination: You need to qualify for the CPT (Common Proficiency Test). Following this, you shall be registered with the Institute of Chartered Accountants of India (ICAI) and complete the CA course. The CA course consists of three stages: Foundation, Intermediate, and Final, and takes around 4-5 years to complete. Here is a brief overview of the CA course:
- Foundation Course: The first stage of the CA course, the Foundation course, is open to students who have completed their class 12th examination in any stream. The Foundation course is designed to provide students with a basic understanding of accounting, economics, commercial laws, and business communication.
- Intermediate Course: The Intermediate course is the second stage of the CA course and is open to students who have cleared the Foundation course or have completed a graduate/postgraduate degree in commerce with at least 55% marks. The Intermediate course focuses on advanced topics such as accounting, taxation, auditing, and corporate laws.
- Final Course: The Final course is the last stage of the CA course and is open to students who have cleared the Intermediate course. The Final course focuses on advanced topics such as financial reporting, strategic financial management, and advanced auditing.
To become a CA, you also need to complete a 3-year practical training period, which includes articles and training under a practising Chartered Accountant. You also need to clear the CA Final examination and meet other requirements set by the ICAI.
Also, Check Career Options After 12th Science here!
Salary: As a CA, you can expect to earn a high salary and enjoy good job prospects, as Chartered Accountants are in demand in various industries such as finance, banking, consulting, and taxation. The salary of a CA in India varies based on factors such as the industry, location, and level of experience. On average, a newly qualified CA can expect to earn a starting salary of around 6-8 lakhs per annum, which can increase significantly with experience and specialisation.
2. Company Secretary (CS)
Company Secretary (CS) can be a good option after class 12th in commerce that can provide a high salary in India. A Company Secretary is responsible for ensuring that a company complies with legal and regulatory requirements, manages corporate governance, and advises the board of directors on various matters.
Eligibility Criteria: To pursue a career in CS, which is one of the best courses after 12th commerce with a high salary, you need to complete your class 12th examination in the commerce stream or any other stream with at least 50% marks.
Entrance Examination: You need to qualify for the CSEET (CS Executive Entrance Test) examination.
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After that, you can enrol on the CS course offered by the Institute of Company Secretaries of India (ICSI), which is the professional body for Company Secretaries in India. The CS course is divided into three levels – Foundation, Executive, and Professional – which can be completed over a period of 3-4 years.
During the CS course, you will study various subjects such as company law, securities law, governance, and ethics. You will also have the opportunity to gain practical experience through internships and projects.
Designation: After completing your CS course, you can pursue various career options such as company secretary, legal advisor, compliance officer, and corporate governance specialist.
Salary: The salary of a CS graduate in India can vary depending on various factors such as the industry, location, and level of experience. On average, a CS graduate can expect to earn a starting salary of around 4-6 lakhs per annum, which can increase significantly with experience and specialisation.
3. Bachelor of Commerce in Law (B.Com LLB)
B.Com LLB (Bachelor of Commerce and Bachelor of Legislative Law) is a rather rarely pursued career option in India. This program combines the study of commerce and law, preparing students for careers in corporate law, legal practice, and other related fields and it is excellent for students who have a knack for studying law and its governing principles.
Apart from that, AILET and BLAT remain the top choices for students who want to opt for the best courses after 12th commerce with a high salary.
Eligibility Criteria: To pursue a career in B.Com LLB, you need to complete your class 12th examination in the commerce stream or any other stream with at least 50% marks. After that, you can apply for the B.Com LLB program in various colleges and universities in India that offer this course. Some of the top colleges and universities for B.Com LLB in India include the National Law School of India University, Christ University, and Symbiosis Law School.
During the B.Com LLB program, you will study subjects such as accountancy, taxation, business law, contract law, labour law, and corporate law. This will provide you with a solid foundation in both commerce and law and prepare you for a range of career opportunities.
Designation: After completing your B.Com LLB, you can pursue various career options such as corporate lawyer, legal advisor, legal consultant, tax consultant, and company secretary.
Salary: The salary of a B.Com LLB graduate in India can vary depending on various factors such as the industry, location, and level of experience. On average, a B.Com LLB graduate can expect to earn a starting salary of around 4-6 lakhs per annum, which can increase significantly with experience and specialisation.
Commerce Courses after 12th with High Salary Requiring Maths
We must also consider commerce courses after 12th with a high salary which require a student to have mathematics as a core subject in class 12th with a commerce background.
Here is a list of the top 3 courses that would ensure a high-paying job after the completion of the course. These courses are not only unique but also challenging:
1. Bachelor of Statistics (B.Stat)
We all are aware of the fact that statistics forms an integral part of the commerce curriculum. Keeping that in mind, B.Stat or Bachelor of Statistics is a good option after class 12th for those who are interested in mathematics and statistics.
Career Prospects: After completing a B.Stat degree, one can pursue a career in various fields such as data analysis, research, statistics, market research, and financial analysis. Some of the industries that hire B.Stat graduates include government agencies, financial firms, consulting firms, healthcare organisations, and education institutions.
Eligibility Criteria: To pursue a career in statistics, you must complete your 10+2 education with mathematics as a subject.
Entrance Examination: Apply to colleges that offer a B.Stat program. Some of the top colleges offering this program include the Indian Statistical Institute (ISI), Delhi University, Chennai Mathematical Institute, and Banaras Hindu University.
Salary: In terms of salary, the pay scale for B.Stat graduates depends on various factors such as industry, job profile, skills, and experience. Overall, the industry standards are 6-8 lakh per annum. However, with the increasing demand for data-driven decision-making and analysis, the scope of B.Stat is expanding, and it is fighting for the top rank in courses after 12th commerce with a high salary.
2. Degree in Actuarial Science
Pursuing a degree in Actuarial Science after class 12 in commerce can be a good option for those who have strong mathematical skills and are interested in the financial sector. Actuarial Science is a highly specialised field that deals with risk assessment and management, and it has a lot of potential for high-salary jobs.
Eligibility Criteria: To pursue a career in Actuarial Science, you must complete your 10+2 education with mathematics as a subject.
Entrance Examination: ACET(Actuarial Common Entrance Test) is the entrance examination that you need to qualify to get admission into the Institute of Actuaries of India (IAI). Some of the top colleges in India offering Actuarial Science courses are- the University of Mumbai, Amity University, and NMIMS University.
The program usually takes 3-4 years to complete and consists of a series of exams conducted by the IAI. Clear the exams conducted by the IAI to become a certified actuary. The exams are conducted at various levels, and you need to clear all of them to become a fully qualified actuary.
Salary: In terms of salary, Actuarial Science is one of the highest-paying fields in India. The starting salary for a fresh graduate in Actuarial Science can range from Rs. 6-8 lakhs per annum, and it can go up to Rs. 30-40 lakhs per annum for experienced professionals, making it one of the best courses after 12th commerce with high salary.
3. Bachelor in Economics
Pursuing a Bachelor’s degree in Economics after class 12th in commerce requires analytical skills. It can prove to be the best career option for students who are interested in courses after 12th commerce with a high salary. They must have the urge to know more about the field of economics with an analytical bent of mind.
Eligibility Criteria: To pursue a career in economics, you must complete your 10+2 education with economics as a core subject, preferably with mathematics.
Entrance Examination: Most prestigious colleges and top universities will accept CUET scores to grant admission to the course. Some of the top universities/colleges in India offering this program include Delhi University, Banaras Hindu University, St. Stephen’s College, Lady Sri Ram College, Miranda House etc.
Salary: In terms of salary, the pay scale for economics graduates can vary widely depending on the specific job role and industry. For example, an economist working for a government agency may earn a starting salary of around Rs. 6-8 lakhs per annum. However, with experience and expertise, the salary can go up significantly.
As mentioned in the introduction of this article, commerce has ever since been an interesting field of study. More so because of its real-life usage and demand, pursuing a degree in Commerce is a very good option for students who have an aptitude for the same.
It is a very exhaustive and knowledgeable field of study indeed. We sincerely hope that this article was of good use to you and you were able to zero down on courses you would want to pursue commerce courses after the 12th with a high salary. Comment down below in case we missed out on any.
Ans) Some of the best commerce courses that can land you high-paying jobs are CA, CS, B.Stat, BMS etc.
Ans) Candidates need to first qualify CA CPT (Common Proficiency Test) course, after that Foundation Course, intermediate and then the final course.
Ans) A newly qualified CA can expect to earn a starting salary of around 6-8 lakhs per annum, which can increase significantly with experience and specialisation.
Ans) A Company Secretary is responsible for ensuring that a company complies with legal and regulatory requirements, and advises the board of directors on various matters. A newly qualified CS can earn a starting salary of 3-4 lakhs