Career Options for 12th Passed Commerce Students

Commerce is a popular stream among 12th passed students in India. It offers a wide range of career options, from accounting and finance to business management and economics. In this blog, we will discuss various career options available for 12th passed commerce students in India, along with their required skills, job prospects, salary packages, and growth opportunities. We will also learn the importance of of clear mindset and importance of career planning with the help of career counselling service providers.

Chartered Accountancy

Chartered Accountancy is one of the most popular career options for 12th passed commerce students in India. It involves the study of accounting, auditing, taxation, and financial management.

Skills Required

Analytical skills, problem-solving skills, attention to detail, and good communication skills.

Job Prospects

Career options in this field include chartered accountant, auditor, financial analyst, tax consultant, etc.

Salary Packages

The starting salary in this field can range from INR 5-10 lakhs per annum. However, with experience and qualifications, the salary can go up to INR 20-30 lakhs per annum.

Growth Opportunities

With experience and further qualifications, one can become a partner in a CA firm, start their own practice, or work in top-level management positions in companies.

Company Secretary

Company Secretary is a professional who provides legal and administrative support to companies. They ensure that the company complies with all the legal and regulatory requirements.

Skills Required

Good communication skills, attention to detail, analytical skills, and knowledge of legal and regulatory requirements.

Job Prospects

Career options in this field include company secretary, legal advisor, , compliance officer, and many other options.

Salary Packages

The starting salary in this field can range from INR 4-8 lakhs per annum. However, with experience and qualifications, the salary can go up to INR 12-15 lakhs per annum.

Growth Opportunities

With experience and further qualifications, one can become a chief executive officer, chief operating officer, or chief financial officer of a company.

Business Management

Business Management involves the study of management principles and their application in various business settings. Students who have good leadership skills, are good at problem-solving, and have good communication skills can excel in this field.

Skills Required

Leadership skills, problem-solving skills, communication skills, and analytical skills. These skills can be recognised with the help of TSL career counsellors.

Job Prospects

Career options in this field include business development manager, marketing manager, operations manager, human resources manager, etc.

Salary Packages

The starting salary in this field can range from INR 3-6 lakhs per annum. However, with experience and qualifications, the salary can go up to INR 10-20 lakhs per annum.

Growth Opportunities

With experience and further qualifications, one can become a general manager, chief executive officer, or start their own business.

Banking

Banking is a field that involves managing financial transactions, loans, and investments. Students who have good analytical skills, are good at multitasking and have good communication skills can excel in this field.

Skills Required

Analytical skills, multitasking skills, communication skills, and knowledge of banking regulations and policies.

Job Prospects

Career options in this field include bank manager, investment banker, financial analyst, loan officer and many more.

Salary Packages

The starting salary in this field can range from INR 3-6 lakhs per annum. However, with experience, continues upskilling and qualifications, the salary can go up to INR 10-25 lakhs per annum.

Growth Opportunities

With experience and further qualifications, one can become a regional manager, chief financial officer, or chief executive officer of a bank.

Economics

Economics involves the study of the production, distribution, and consumption of goods and services. Students who have good analytical skills, are good at problem-solving, and have good communication skills can excel in this field.

Skills Required

Analytical skills, problem-solving skills, communication skills, and knowledge of economic policies and principles.

Job Prospect

Career options in this field include economist, research analyst, financial analyst, consultant, etc.

Salary Packages

The starting salary in this field can range from INR 3-6 lakhs per annum. However, with experience, upskilling and qualifications, the salary can go up to INR 10-25 lakhs per annum.

Growth Opportunities

With experience and further qualifications, one can become a chief economist, research director, or policy analyst.

Insurance

Insurance involves managing risks and providing financial protection to individuals and organizations. Students who have good communication skills, are good at multitasking and have good analytical skills can excel in this field.

Skills Required

Communication skills, multitasking skills, analytical skills, and knowledge of insurance regulations and policies.

Job Prospects

Career options in this field include insurance agent, underwriter, claims adjuster, and risk manager.

Salary Packages

The starting salary in this field can range from INR 3-5 lakhs per annum. However, with experience and qualifications, the salary can go up to INR 8-12 lakhs per annum.

Growth Opportunities

With experience and further qualifications, one can become a regional manager, chief financial officer, or chief executive officer of an insurance company.

How a Career Counsllor Can Help in This?

A career counselor can play a crucial role in helping 12th passed commerce students choose the right career path. They can provide personalized guidance based on the student's interests, skills, and personality traits. Some of the ways in which a career counselor can help are:

Identifying Strengths and Weaknesses

A career counselor can help students identify their strengths and weaknesses, which can be useful in choosing the right career path.

Exploring Career Options

A career counselor can provide information about various career options available for commerce students, including their job prospects, salary packages, and growth opportunities.

Setting Goals and Developing a Plan

A career counselor can help students set realistic career goals and develop a plan to achieve them.

Providing Information About Education and Training

A career counselor can provide information about education and training programs required for different career options.

Offering Support and Guidance

A career counselor can offer support and guidance throughout the career planning process, helping students overcome obstacles and make informed decisions.

In summary, a career counselor can provide valuable guidance and support to 12th passed commerce students in choosing the right career path and achieving their career goals.

Conclusion

In conclusion, there are many career options available for 12th passed commerce students in India. The key to success in these fields is to develop the required skills, gain experience, and continue learning and upgrading qualifications. By making informed decisions and seeking guidance from career counselors, students can choose the right career path and achieve their goals.