Careers in Commerce | Top 10 Best Career options in Commerce
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Careers in Commerce | Top 10 Best Career options in Commerce


hello everyone hi welcome to the channel
of Wallstreetmojo friends today we are going to learn tutorial on careers in
commerce see gone are those days when career choices were limited to science
Arts and Commerce students now have a plethora of options to choose from
apart from conservative engineering medicines and accountant students can
now look up to vast majority the diverse field to make a marking there is no more
worrying about what the others might be thinking and how much will you earn the
societal pressure you know that is ruining your life by choosing a career
which will never give you the satisfaction of achieving a milestone is
of no use every day has to be thrilling experience and for that to happen to
choose something you like very important how much will you earn that is the first
question in your mind right how much will you earn there is an ample amount
of money in the world and your confidence too mixed with your ability
is deadly combination which is sure to make you the next Mark Zuckerberg right
in the world so if the Commerce is calling doesn’t buck under these
societal pressure and the traditions get a grip look out for your passion and do something which bakken’s you Commerce is
definitely more than become get that straight clean your head and this is
what you need to learn now we’ll start with the list of the top 10 careers
top 10 careers in commerce the first one that we are going to start is
banking see over here you will get amazing salary salary would be a great
thing job security will be there hi societal
acceptance often drive with the conventional choices but jobs are
secured and that with that spate of new local national foreign banks job market
is booming for the commerce students the next career in commerce is investments
now position for equity research analyst that is equity research people who do
analysis of the investments investment bankers that are known as IBS
mutual fund executives MFE capital market managers then you have asset
managers you have venture capitalists and real estate are always open and
traded by many the third thing that we are going to learn is insurance that is
the next career in commerce insurance is a sector which is shown as
exponential growth due to the liberalisation of the policies in India
there are enormous opportunities to be exploited to make a good career in
insurance the fourth is capital market a
liberalized economy has been welcomed by the capitalists with a great deal of
investment and super projects this has definitely brought about a spurt of
opportunities the next in our bag is 5th accounting
and Taxation opportunities in the field will never diminish so thoroughly be
prepared I mean KPO and you can say BPO that is new knowledge
processing outsourcing and business processing outsourcing sector is growing
and can meet the demand of the talent skilled accountants are greeted warmly
with open arms in both domestic as well as the international job market when we
talk about accounting and Taxation sixth that is company secretary i will just write CS over here the company secretary is important accounting designation in a
company a CS in a company is basically a mediator between the BODs that is
the board of directors and the shareholders in the company governments
shareholders governments and other agencies so you can see a CS or the
company secretary has the required expertise in the legal matters be very
sure about this security laws capital market corporate governance to regulate
a company according to the compliance and charted out and for the same there
is Institute call Institute of Company Secretaries of India that is ICSI you
can get the details on the website candidate requiring to successfully
clearing 18 papers in this divided into 3 programs to attain CS designation the foundation program has that that is the first that
is the foundation has basically 4 papers then there is executive program
which has executive which has 6 papers and which and the final is a
professional program which required to undergo 15 months of training after
passing executive or professional program and it has totally in total 10
papers the next that we are going to learn is the cost and the work
accountants now when we talk about cost and work accountant this professionals
are mostly involved in the auditing of the companies and are required to
maintain cost accounts and records and certify import and export documents
under the exempt the Exim Policy serve as executor they serve as administrator
receiver and a valuer so they are integral to any business houses working
with respect to these strategic decisions that they help in facilitating
in respect of the diverse economic activities of the organization the next
that we are going to learn is cost and Management Accountants now this course
is a result of the cost and work accountants that is the ICWAI 1959 the constantly woke accountants 1959 which regulates the profession of
the cost and the management accountancy a cost in the management account which
is known as CMAI is responsible for enlisting the cost of the manufacturing
and keeping a book accounting on it he is involved we can say in keeping of the
books accounts on it he is involved in the pricing of the goods and service
produced verification of certification of Taxation especially with respect to
the indirect taxation this career is not hot selling you can say cake but the
position is very essential to the marketing department the main job of the
cost and management accountant is to prepare quotations or you can say tender
disposition you can say tender responses the production department requires a
person involved in to make a sound decision profitable mix product mix the
purchase department is always at the loss without the cost accountant advice
for making any decision regarding buying they play a very crucial role in
identifying business risk and their mitigation the next that we are going to
learn is actually actuaries are involved in the assessment
of the financial impact of risk and uncertainty they assess the financial
security system and they regularly monitor their complexity the mathematics
involved in the same and the mechanism and actually in in other words you can
say is the caretaker and the outlook er of the company insuring that there is no
mishap or risk arrive or jeopardizing the harmony of the current working
condition in the company they use mathematics to evaluate the probability
of the events in order to ensure stability and minimization of the
financial loss associated with events like such as death accidents are
predictable and risk are involved in such cases are immensely yet the less
possible impact on the balance sheet of the company needs to be ensured and this
is the primary job of an actuary the prerequisite qualification or
qualities to become an actuary are the asset management you can say la asset
and liability management evaluation skills and Analytical skills business knowledge and understanding of the human behavior unnecessary to design
and manage a program to assess and control risk the last is certified we
have which are going to run Certified Financial Planner that is CFP now if you
talk about CFP for a financial planner who is looking out to specialise in the
strategic financial planning or advisory role in financial industry the
certificate upon this is given by CFP board in the United States that is in
USA by its affiliated body FPBS in India CFP is marked as an excellence
recognized and respected worldwide by the financial professionals our career
in wealth management in an ideal situation for CFP the course trains are
professional in the various aspects of the personal finance like tax planning
insurance planning estate planning so see CFP finds employment opportunities
in banks wealth management okay companies insurance companies mutual
funds and other financial intermediaries so CFA a CFPs are in demand in India and
as we need to meet at least 50000 financial planners and not even
10% has been met

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