‘Commerce-based Courses’ Career after 12th.

Home   /   ‘Commerce-based Courses’ Career after 12th.
  1. Chartered Accountancy (CA)
  2. Bachelor of Business Administration (BBA)
  3. Banking, Finance, Commerce
  4. Actuarial Science (AS)
  5. Company Secretary (CS)
Career in Commerce-based Courses after 10+2
Career in Commerce-based Courses after 10+2

(1) Chartered Accountancy [CA]

Nowadays, accountancy has become a very popular course. A chartered accountant is a professional who completes the final level of the chartered accountancy course conducted by the Institute of Chartered Accountants of India (ICAI) and has become a member of the institute. An aspirant should register with the ICAI to appear for the examination held twice every year— May and November. After finishing a two-year course excluding the training period, he becomes a specialist in accounting, auditing and taxation. As per Company Act, only Chartered Accountants are appointed as auditors of companies in India. A qualified Chartered Accountant can join government service or a private firm, or even work independently. Another popular field of accountancy is cost accounting wherein a qualified accountant can pursue for working out the cost involved in a project and does the forecasting of its benefits.

Eligibility Criteria :

10+2 or equivalent in any stream

Courses :

  • ‘Chartered Accountancy
  • Cost & Management Accountant

Career Prospects:

  • Private practice as Cost and Management Accountant
  • Tax consultancy
  • Project management consultant
  • Surveyor and loss assessor under Insurance Act
  • Recovery consultant in banking sector
  • Business valuation advisor.
  • Finance management advisor
  • Academics as teacher

Professional Institutes:

  1. TheInstitute of Chartered Accountants of India, Noida (with regional offices in Mumbai,
    Kolkata, Chennai and Kanpur) Web: www.icai.org
  2. The Institute of Cost Accountants of India, Kolkata. Web: www.icmai.in

(2) Bachelor of Business Administration (BBA)

The BBA programme comprises commerce and business administration, general business and advanced courses for specific purposes. The course duration is usually three or four years and focuses on developing the communication and managerial skills of a student through theoretical and practical training. During the undergraduate level, a student learns accounting, marketing, economics, financial management, human resource management, marketing strategies, business laws, etc., which develop business decision-making capability in a student. Besides, he learns content writing, content development, report writing and content editing. In order to attain more skills in a particular field, normally students prefer to undertake a Master of Business Administration (MBA) degree. Nowadays, even when a student has an engineering degree or specialisation in any other professional course, he opts for MBA to enhance his qualification for a better placement.

If you are inclined towards any business arena, nothing is better than an undergraduate course in business administration.


You must finish 10 + 2 with commerce or humanities subjects with (or without) mathematics. There are no set criteria and even those with a science background can opt for it.


All major universities across the country and many university affiliated and private colleges provide courses in business administration.

Placements: Banks, multinational companies, insurance sector, and leading names in the industry could use services to further their business interests.

(3) Banking, Finance and Commerce

There was a time when not many students preferred commerce subjects at senior secondary stage. Brightest students used to opt for science. Now the situation is just the opposite. Even science students in engineering do business management which involves all the possible courses in finance and business. Courses in finance, accounts and banking are to some extent similar areas, but differ in services. Jobs in banking, finance and accounting sectors are exciting and offer excellent opportunities to learn about businesses and interact with people from various fields.

Due to the fact that new and private banks are emerging every now and then, there is vast scope in banking services. For a graduate in banking, there are numerous job opportunities. Banks like American Express, Standard Chartered, Barclay’s, ICICI, HSBC, ABN Amro, Kotak Mahindra, HDFC, etc., offer decent salaries at all the levels. A qualified graduate in banking also finds jobs in insurance, mortgages, personal loans, to name a few. For a highly qualified and experienced graduate with a degree from good management colleges, there is a wide scope as an investment banker.

Courses Offered:

  • ‘Banking
  • ‘Taxation
  • ‘Financial analysis
  • ‘Chartered accountancy
  • ‘Insurance
  • Cost and work accountancy
  • Capital Market
  • Forensic accountancy
  • investment banking
  • Mutual fund
  • Financial planning
  • Consultancy

Options in Banking:

  • Environment and Management of Financial Services
  • Micro Economics
  • Effective Banking Communication
  • Quantitative Techniques in Banking
  • Organizational Behaviour in Banking Organizations
  • Taxation of Financial Services
  • Laws relating to Banking and Insurance
  • Cost Accounting of Banking and Services
  • Equity Debt
  • Corporate Laws governing Capital Markets
  • international Business Management in Banking Organizations
  • HRM in Banking Organizations
  • Strategic Planning in Banking organizations

Professional Institutes:

  1. international College of Financial Planning, New Delhi. Web: www.collegefp.com
  2. Association of Financial Planners, Mumbai, Maharashtra. Web: www.afpindia.org
  3. Financial Planners & Advisory Academy Pvt Ltd, Mum bai, Maharashtra. www.fpaaacademy.com

Other Institutes:

  • NSHM College of Management & Technology, Durgapur Kolkata, West Bengal
  • Subash Institute of Business Management, Bangalore, Kamataka
  • Adarsh Mahila Mahavidyalaya, Bhiwani, Haryana
  • Netaji Subhash Chandra Bose Girls Government Degree College, University of Lucknow, Uttar
  • School of Business Studies, Sharda University, Greater Noida, Delhi – NCR
  • Ghanshyam Das Saraf College of Arts and Commerce, Mumbai, Maharashtra


Government and private banks, insurance agencies and other multinational companies.

(4) Actuarial Science [AS]

Actuarial Science is a branch of science that applies mathematical and statistical methods to assess risks in insurance and finance industries. Those in this field are assigned to work in a wide range of areas like life insurance, general insurance, pensions and employee benefits, health insurance, reinsurance companies, investment, consultancies and risk management. Actuarial services in insurance and pensions are very important for the stability of the financial system and asset-liability valuation of investors. It deals with managing risk for profit of a firm, product pricing, product designing, customer value management, risk and capital management. Those who provide actuarial services are known as actuaries. Actuarial science is also applied to property, casualty, liability, and general insurance.

Actuaries must have skills as a statistician, economist and financier and employ techniques of probability, and must know about details of compound interest, law, marketing and management to predict the outcome of future contingencies and design solutions to lessen the financial severity of such events. The course is globally recognized. The major fields in actuaries are in the life-insurance sector, general insurance, health insurance, pensions and employee benefits, investment consultancies, risk management, banks, stock exchanges, human resource consulting, private and government agencies. This is one field where demand exceeds supply, thereby increasing career prospects in this field.


Actuarial Science has totally different programmes. It is sort of a professional course where graduates and post-graduates can also apply. Those who are already in service can also pursue the courses for improving their lot.

  • 10+2 passed students having attained 85% marks in mathematics I statistics
  • Graduate or post-graduate students with 55% aggregate or more in mathematics, statistics,
    econometrics, computer science, and physics.
  • CA, MCA, ICWA, CFA, MBA (Finance), Engineers

Courses :        

(1) B. Sc. (+ M.Sc. Dual Degree)

(2) Actuarial Science (Dual Degree: 5 years)

(3) Insurance & Banking (3 years)

(4) Insurance & Risk Management


In India, a fellow member of the Institute of Actuaries-India (IAI) is known as an actuary. To become a fellow, one has to first become a student member of the institute and then clear all the papers of the institute and fulfil other criteria from time to time. IAI is a statutory body established under The Actuaries Act 2006 (35 of 2006) for regulation of profession of actuaries in India. The provisions of the said Act have come into force from 10 November 2006, in terms of the notification dated 8 November 2006, issued by the Government of India in the Ministry of Finance, Department of Economic Affairs. As a consequence of this, the erstwhile Actuarial Society of India was dissolved and all the assets and liabilities of the Actuarial Society of India were transferred to, and vested in, the Institute of Actuaries of India constituted under Section 3 of the Actuaries Act, 2006.

Duration of Courses:

There are a total of 15 papers: 9 in CT series, 3 in CA series, 2 (out of 6) in ST series and 1 (out of 6) in SA series. There is no fixed duration of the course. Ideally if pursued dedicatedly, the course could be completed in 3-4 years.

Professional Institutes:

  1. institute of Actuaries of India, Mumbai, Maharashtra. Web:  http://www.actuariesindia.org/
  2. international School of Actuarial Sciences in the Institute of Insurance and Risk Management (ISRM), Hyderabad, Andhra Pradesh. Web: www.iirmworld.org.in
  3. Amity School of Insurance and Actuarial Science, Noida. Web: www.amity.edu


Multinational companies, insurance agencies, banks, mobile phone companies, stock exchanges, etc.

(5) Company Secretary [CS]

A company secretary is a specialist in Company Law and Corporate Law and is an important string between various government authorities, shareholders and board of directors. He/she is also a corporate planner and strategic manager. He is also free to take on independent practice. Among his prominent services are: corporate restructuring, tax advisor, financial management, arbitration, project planning, foreign collaboration and joint ventures, auditing, etc. Besides, he is an expert in securities management, banking services, human resource management, public services and international trade.

The Institute of Company Secretaries of India conducts an eight months Foundation Programme after finishing which the candidate is eligible for Executive Programme.

The Institute of Company Secretaries of India (ICSI) functions under the Ministry of Corporate Affairs and its headquarters are situated in New Delhi and regional offices in four metropolitan cities, besides seventy other centres throughout India. Its vision is “to be a global leader in promoting good corporate governance” and its mission “to develop high caliber professionals facilitating good corporate governance”. The courses have been designed to develop skills and competence in the field of corporate affairs.

There is provision of 24×7 e-learning programme for which one may log on to : https://elearning.icsi.in/per/g25/pub/1677/SelfServices/templates/icsi%20v703072017024157/icsi%20v7/index.html


10+2 in any stream


8 months


Twice in a year …

(1) Registration up to 31 March for December examination

(2) Registration up to 30 September for June examination of the next year.


Open throughout the year


The Institute of Company Secretaries of India, ICSI House, 22 Institutional Area, Lodhi Road, New Delhi —110 003





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