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If you are following the latest job trends, you know the importance of having relevant job skills. Be it any field of study, companies are more inclined towards candidates with appropriate job skills.
Talking about various fields of education, commerce is the second most known field of graduation in India; after engineering. The field owes its popularity to the range of employment opportunities that crop up after graduation in commerce.
It is an extensive field to make a career in Accountancy, Finance, Management, Economics, Law, Taxation, Banking, Human Resource, and Export-Import; to name a few.
Also, the stream of commerce is constantly progressing and developing which means there is a constant need for students to stay upgraded with the latest trends in business, finance and, economics.
So, not just academic knowledge, students must also own the necessary job skills that make them perfect for commerce jobs.
Upon organizing skill assessments, we have realized that there is a huge talent gap between the kind of abilities that students learn in college and what corporates really require.
So, if you’re an inspiring commerce graduate with a fancy degree but no job skills, give this one a read.
Essential Job Skills for Commerce Graduates
Simply a degree is not enough for you to attain respectable b.com jobs. There is a need for some on-the-job skills that students must acquire before they make their way into the business world.
The right kind of job skills makes you more employable for any corporate organization. As for students, job skills can help you advance your professional career faster than any degree or diploma. Whether it be non-technical skills or technical skills for commerce students, you should always be hands-on and exhibit that you know what you are bringing to the table.
Here are some of the most essential job skills needed for b.com jobs
In order to have a bright career in a commerce-related field, you must have excellent numeracy skills. You must already know that jobs in fields of finance, data management, taxes and banking do consider your aptitude with numbers during selection. You should be able to understand and work with numerical and graphical information, draw conclusions, and explain your findings.
Given the well-paying standards and growth prospects of management jobs, most commerce students choose for a career with such corporate.
Now, working in a multi-national corporate needs you to be a great communicator along with being a good manager.
So, great communication skills is a ‘must-have’ job skills for commerce students. Right from managing clients to internal team to delivering board room presentations; a commerce student must excel in all of it.
Almost all employers hire problem solvers for all their b.com job vacancies. The capability to draw out practical, economical, and effective solutions, is anticipated out of all commerce graduates.
Remember, all products and services that exist today are nothing but solutions to some or the other day-to-day problems of our lives. For example: Why do we have cars when we can travel through bikes? The car designers cut up the problem of travelling long distances and travelling with family. So, this leads to the innovation of a product that eased long distance and family travels and today we call them cars.
Great problem-solving skills exhibit how well you perform in alternative case scenarios.
The commerce graduation courses are made for those who have the ability to become leaders and be part of the team that works towards the same goal.
As a commerce graduate, you must have excellent team management and leadership job skills because this is what the corporate world is about. The employers want to hire team players who will ultimately turn into great team leaders.
This is because we are all cog in the wheel, not the wheel itself. The organization needs you and a hundred others like you to work.
Besides the basics of economics, business, finance and, management that you’ve learnt in college there are plenty of job skills that should be learned. Analytical thinking, knowledge of MS Excel, verbal and written communication ability, time management, organizational skills are some more of the job skills that you should continuously hone in order to rise up the corporate ladder.
These are some steps to consider while deciding on a career after 12th commerce:
- Discover Your Interest and Passion: Selecting a course that corresponds to your passion and interest is important. You must know what you wish to study and what you would like to achieve.
- Study Thoroughly and Amass Information: Learn about the many courses offered after the 12th grade. You can also speak with your professors, mentors, and alumni who have completed comparable courses.
- Consider Your Future Employment opportunities: Consider the professional prospects of the courses that interest you. Specific courses offer more job opportunities and earning potential than others.
- Assess Your Strengths and Weaknesses: Examining your strengths and shortcomings is critical when selecting a course. You should select a course that challenges you and allows you to highlight your abilities.
- Get Expert Advice: If you are still undecided about which course to take, you may consult with professionals such as career counselors, education consultants, and alumni.
- Study the Reputation of the Institution: The institution delivering the course’s reputation might significantly influence your job chances. Choose a college/university with a strong reputation and a lengthy history of generating successful graduates.
Job Options After B. Com
We have made a list of the top 10 job prospects after B. Com, together with the approximate entry-level salary:
Chartered Accounting is a famous choice among business students as it is considered one of the most challenging degrees. CAs have senior roles in almost every organization in both the public and commercial sectors. Taxation, accounting, business, corporate law, auditing, corporate ethics, and other areas of competence are covered by Chartered Accountants. The CA controls organizations’ and individuals’ financial duties, such as documenting financial statements, submitting taxes, auditing businesses, and assuring ethical and legal compliance, among other things.
Average Annual Salary: ₹6 lakhs to ₹8 lakhs
Students who enjoy theoretical law will find the Corporate Secretary course interesting. CS experts are responsible for paying attention to legal viewpoints and business agreements. At last they can advance to positions of management in corporations and large companies.
Average Annual Salary: ₹4 lakhs to ₹6 lakhs
It’s a captivating and in-demand career internationally. When it comes to developing the financial assets of customers or organizations, investment bankers must make informed judgments. Its main object is obtaining finance from various sources for regular corporate operations, acquisitions, and mergers.
Average Annual Salary: ₹2 lakhs to ₹10 lakhs
Cost and Management Accountant
The Cost and Management Accountant is a internationally recognized professional certification for commerce and accounting professionals. It’s a very useful course for business students that helps them to be tomorrow’s corporate leaders by enhancing the four knowledge pillars – strategy, regulatory framework, management, and financial reporting. Being a CMA, you must offer expert services in earnings management, investment planning, and general management decision-making in businesses such as manufacturing and service.
Average Annual Salary: ₹5 lakhs to ₹7 lakhs
Lawyers are considered as a respected profession globally, with many chances for advancement. According to their interest in the specialty, students may choose subjects like constitutional law, family law, corporate law, property law, administrative law, etc. Lawyers may work for big corporations, law firms, and government organizations or set up their own practice.
Average Annual Salary: ₹7 lakhs to ₹10 lakhs