Choosing the right course is the hardest part!
A student learns languages, basics of social sciences, and mathematics till their 10th. By the time they complete their 10th grade, they may know their interests, strengths, and weaknesses. It’s the decision at this juncture that paves the way to a secure career in the future. So what comes next? Consider this question carefully because the answer could have a significant impact on the next several years of your life.
Science and commerce are the two subjects that most Indian students often opt for. After tenth grade, the majority of students struggle to decide between commerce and science. Both industries offer a variety of career opportunities, but there are other factors to take into account before choosing one over the other. You don’t want to base your decision on the possibility that you have a predisposition toward a particular field based on rumors. So, if you’re unsure about which to choose, this information will help you gather information about the premium career opportunities in the field of commerce.
What is the scope of commerce?
Commerce as a medium of instruction can be interpreted as a study of business and marketing activities such as the exchange of commodities and services from the manufacturer to the final customer. If you choose commerce as a career then you can have a great command of accounting, business, management of resources, and the whole business.
A well-structured career path can be found in the field of commerce, provided students are aware of the vast opportunities available. In order to succeed in commerce courses, students need to be able to analyze and work with numerical data as well as have a fundamental grasp of economics and finance. Examine all of the professional courses offered after the 12th grade in commerce before deciding which one would be most appropriate for you. You must be aware of your options in order to land the best career in commerce. After passing your class ten board exams, there should be a clear picture of having a career path that gives ample opportunity to grow into a professional.
Career opportunities in Commerce
If you are someone who is interested in taking up commerce as an option for higher studies, there are a plethora of opportunities after 10th grade in Commerce. A career in Commerce can benefit candidates with skills and knowledge along with high payouts. A career in commerce provides you with an endless horizon of opportunities both locally and globally. Accounting, finance, risk management, investment banking, and e-commerce are just a few of the industries with commerce career opportunities. These commerce stream jobs offer high pay as well as the opportunity to explore various career paths within the field. In the long run, candidates will be able to diversify their skill portfolios. There are several high-paying commerce jobs in India that are both mentally and financially satisfying.
There is a myth about the commerce stream that it has fewer opportunities when compared with science, but in reality, commerce offers premium courses that can bag you a career in global companies. Students and parents, most are unaware of the career options after taking up commerce as their core subject of study, thinking that being an accountant is the only job that they can land, after their studies. In actual fact, most of the top-notch commerce professionals who secure a career in the MNCs, reach that position by a single right decision of opting for commerce after 10th std.
So how can a commerce aspirant start their journey to achieve the dream of becoming a professional after 10th Std? The main focus should be building a foundation right after high school. The foundation courses in commerce can help the students to get insight into the long-term goals of growing into a professional. The premium career choices of a student after 12th std in commerce include CA, ACCA, CMA, CFA, CS, etc.
How to get started with Foundation courses for CA and ACCA after 10th grade?
The Competent Authority has given its approval to the ICAI proposal to amend Regulations 25E, 25F, and 28F of the Chartered Accountants Regulations, 1988. This allows candidates to provisionally register in the Institute of Chartered Accountants of India (ICAI) Foundation Course after passing Class X examinations.
The following are the salient features of the notification:-
Students who have passed the Class 10th examination conducted by an examining body established by law in India or an examination recognized by the Central Government or the State Government as equivalent may provisionally enroll in the ICAI Foundation Course.
The following are the eligibility requirements for taking the Foundation Examination:
- Students must register with the Institute’s Board of Studies on or before the 1st of January or 1st of July for the examinations to be held in May/June or November/December, respectively. In other words, a four-month study period is required before taking the Foundation Exam.
- Students must have taken the Senior Secondary (10+2) Examination administered by an examining body established by law in India or an examination recognized by the Central Government (or the State Government) as equivalent (for the purpose of admission to graduation course)
Also, there are no changes in the Syllabus and Registration Fee of the Foundation Course. The ICAI offers free Foundation level classes. For more information, students should check the Institute’s BOS Knowledge Portal on a regular basis for announcements.
ACCA is a premium course recognized globally. ACCA’s Foundations in Accountancy (FIA) program provides foundation-level qualifications consisting of two certificates, a diploma, and a technician-level qualification that can be obtained before transferring to the ACCA Qualification. These are:
- Introductory Certificate in Financial and Management Accounting
- Intermediate Certificate in Financial and Management Accounting
- Diploma in Accounting and Business
- Certified Accounting Technician (Cat) Qualification
- A step toward becoming a certified public accountant
- Provides a professional qualification for employment in the accounting field.
- Complete the qualifications at your own pace.
- For people with non-accounting backgrounds, this is the entry point to the ACCA qualification.
- Obtain exemptions from the first three ACCA papers.
There are no entry requirements; you can begin at any level. However, if you have no formal qualifications and have not studied in a long time, we strongly advise you to begin with the Introductory Certificate. This is due to the fact that students who begin with the Introductory Certificate and progress through the Foundation level qualifications perform better in the higher-level exams. In this way, students who got low scores in 10th grade as well as, those who are confused about the options after 12th grade can end up building a professionally recognized career.
The goal of becoming a commerce professional, aiming at a global career should start with the best education platform. ELANCE LEARNING APP is the first of its kind in the commerce industry providing students with top-quality education and helping them secure a global career in commerce. Elance, is one of the leading ed-tech platforms which pave the way to uplift students with the promise of a globally recognized career.
Elance app has a preparatory course in commerce that is absolutely free of cost, which gives students an idea about stepping into the world of commerce and thus gives a hint on how to study and secure a career in commerce. All the courses in the app are taken by the best faculty lineup in India. The quality of teaching and the guarantee of a top-notch learning experience is what separates ELANCE from the rest.
Elance is one of the best institutes in Kerala to land an international career in commerce. An international career in commerce paves the way to be part of global teams. Elance app has a course named “Gateway to commerce”, which gives an insight into the core of the subject.
There is always scope and possibility of growth with commerce stream career options every year. As a result, the demand for commerce-related jobs is at an all-time high, with companies seeking individuals who specialize in their respective roles. Many other career paths fail to apply what they learn in practice, but in commerce, everything you learn and read is practical, theoretical, and always applicable.