Importance of Commerce Stream: Choosing a stream is a very big step in a student’s life because it will have a huge impact on a student’s career. Therefore, students think a lot before making a decision. Moreover, the decision will also have a big impact on the college that they join. Sites like Getmyuni help students choose their college on the basis of their streams. Commerce is a popular choice among students today. Furthermore, the popularity of science is decreasing slowly. Students feel that commerce will give them a lot of career options. Moreover, they feel that it will also give them a sense of financial security. As a result, more and more people are choosing commerce.
Importance of Commerce Stream
The study of commerce can be defined as the study of business activities. Important subjects taught under commerce are Economics, Business Studies, and Accountancy. Generally, students who are good with numbers choose this stream.
It is a social science. Economics is related to the study of production, consumption and distribution. It has two main categories, micro-economics and macro-economics. Economics helps students in understanding the impact of international trade on the economy. In addition, economics can also be used to understand situations related to politics, history, religion, etc.
- Business Studies:
It is a subject that deals with the workings of businesses. Therefore, the subject covers everything that will affect a business. The main areas of study are marketing, operations management, human resource management, etc. A student is able to understand the behaviour of different businesses. Furthermore, it also focuses on how business activities affect society and the economy directly and indirectly.
It is a branch of mathematical science. It deals with financial information about a business. This information is useful for shareholders and managers. The subject studies the different types of financial statements. These statements are shown in monetary terms. As a result, the student is able to understand why a business fails or succeeds.
Commerce is related to the distribution aspect of a business. What is produced must be consumed. Therefore, commerce focuses on consumption by creating a market for the product. Commerce has many opportunities after the completion of secondary studies like Chartered Accountancy, Company Secretary, Cost Accountancy, Business Management, etc. Chartered Accountancy is a very popular option. Students can either work for firms or start their own practice.
Beside CA, there are other professional courses that a student can pursue. Chartered Financial Analyst (CFA), Corporate Secretary (CS), and Cost and Management Accountant (CMA) are some of these courses. Most students pursue a Bachelor’s of Commerce (BCom) degree or a Bachelor’s in Business Administration (BBA) degree after completing 12th grade. Similarly, some students also pursue undergraduate courses along with a professional course.
Many students are interested in choosing commerce. But they should understand that it is not an alternative to science. It is complex and only those who have an aptitude and interest should choose it. It has a lot of scope in terms of the career opportunities it provides.