Commerce with Maths Scope - Check List of Top Careers & Courses

With the advancement in technology and the emergence of new start-ups, Commerce has become one of the most popular streams among students. It is the study of commercial activities, such as buying and selling of products and services, from a producer to a buyer. The main subjects you will focus on are Economics, Accounting, and Business studies. Commerce with Maths scope is immense if you are good with numbers and wish to pursue a career in Finance, Accounting, business, or related fields.

Let us discuss in detail about scope in commerce with maths. We shall begin by discussing some of the popular avenues, followed by some of the popular courses for Commerce students.

Also read: Career options after 12th Commerce with Maths

Investment Banking

It is the division of a bank or financial institution that specialises in large and complex financial transactions and serves governments, corporations, and institutions by helping in capital raising, facilitating mergers and acquisitions, and sales, and trading advisory services.

Major investment banks include Barclays, Goldman Sachs, Deutsche Bank, JP Morgan, Morgan Stanley, Citibank, and others. Some investment banks specialise in particular industry sectors.

Also read: Career as an Investment Banker

Corporate Finance

Corporate Finance deals with the finances and investment decisions of the company. Corporate Finance aims to maximize shareholder value through planning and implementing various strategies including long-term and short-term financial planning. You can pursue a B.Com degree after studying Commerce with Maths, which will allow you to enhance your knowledge of finance and assist you in helping clients raise capital for a new project or to scale up their operations.

Travel & Tourism

It is one of the largest and most profitable industries in India. You can pursue a career in Travel & Tourism after Commerce with Maths and can work for travel agencies, government tourist departments, tour operations, immigration and customs services, airlines, and hospitality management. After studying Commerce, you will get an insight into the economic and financial management aspects of the Travel and Tourism industry.

Let us now discuss some of the popular courses students may take up after studying Commerce with Maths in 10+2.

Commerce with Maths scope after 12th- List of courses

We shall now look at these courses in detail.

B. Com

This is a broad area that covers lots of other domains like Accounting, Finance, Taxation, Auditing, Human Resources, Statistics, and others and it provides a strong foundation in various subjects like Accountancy, Business Studies, Economics, Information Practices, and others. You can pursue a three-year degree course in B.Com (Programme/Hons.) which provides ample professional and higher education opportunities.

Commerce with Maths career options: It is always recommended to pursue a PG degree after finishing your undergraduate degree in B.Com for better career options in commerce with maths. B.Com graduates still can be employed in organisations in various positions such as Budget Analyst, Auditor, Business Consultants, and Management Accountant.

Salary: The average salary of a B.Com graduate is approximately Rs 3.5 lakhs per annum.

Some Top Colleges

St. Xavier’s College – Mumbai, Sri Ram College of Commerce (SRCC) – New Delhi, Narsee Monjee College of Commerce & Economics (NMIMS) – Mumbai, Lady Shri Ram College(LSR) – New Delhi, Loyola College – Chennai, Christ University – Bengaluru.

Statistics (B. Stat/B. Sc Stat)

Statistics is a field that deals with probability, permutations, statistical methods, and Numerical analysis. Statisticians analyse and collect data to solve problems and make various recommendations in organisations, both in the private and public sectors. If you have studied Commerce with Maths and are very good with analytical skills a career in statistics can be the best choice for you. This is one of the Commerce with Maths benefits.

Commerce with Maths career options: There are various opportunities available both in the public and private sector in jobs like Risk Analyst, Big data, Market Research, Investment analysis, and Research professional.

Salary: You can expect a salary somewhere between Rs 5 lakhs to Rs 7 lakhs per annum.

Some Top Colleges: Indian Statistical Institute (ISI) – Kolkata & New Delhi, Hindu College - New Delhi, Ramjas College - New Delhi, St. Xavier’s College - Mumbai, Fergusson College - Pune, Madras Christian College - Chennai, Christ University - Bengaluru.

Company Secretary (CS)

This professional course is administered by The Institute of Company Secretaries of India (ICSI). One of the Commerce with Maths benefits is that this course provides an understanding of company's legal purposes and agreements and helps the board of directors in implementing decisions. Company Secretaries give advice on how to conduct business, deal with situations involving conflict of interest, suggest ways to prepare financial reports, develop corporate strategy, assist in planning, and advise on company law.

Commerce with Maths career options: You can work with both private and public sector organisations in senior-level positions and work in areas such as legal, secretarial, and corporate governance, foreign collaborations and joint ventures, arbitration, and conciliation. You can also start your independent practice in these areas after a few years of experience.

Salary: A CS can earn somewhere between Rs four lakhs to Rs five lakhs per annum as their starting salary.

Also read:

• High salary courses after 12th Commerce
• Professional courses after 12th Commerce
• Creative courses after 12th Commerce

Cost & Management Accounting

Cost and Management Accounting was earlier known as Cost & Work Accounts. This CMA certification is provided by the Institute of Cost Accountants of India (ICAI) and covers subjects like cost management, budgeting, performance evaluation, and asset management of a company. Cost and Management accountants work with corporate executives to prepare strategies and financial plans, reports for regulatory authorities like creditors, and tax authorities. CMA has three levels – Foundation, Intermediate, and Final. You need to clear 20 different exams to finish this professional course.

Commerce with Maths career options: You can work as a Cost Accountant and in other related fields such as Financial consulting and Auditing. You can climb up the corporate ladder as a Cost Accountant in positions of the financial domain as finance director, financial controller, and cost controller.

Salary: The average salary of a Cost Accountant is approximately Rs five lakhs per annum.

Computer Applications (BCA)

This is a three-year undergraduate course that gives you an insight into the world of computers and their applications and comprises subjects like networking, database, data structure, Java, C, and others. If you are fond of computers and would like to learn computer languages and coding, this can be one of the Commerce with Maths benefits for you.

Commerce with Maths career options: You can be employed as a Systems Engineer, Software Tester, Junior Programmer, Software Developer, and Web Developer.

Salary: The average salary of a BCA graduate can range between Rs 4.8 lakhs to Rs 6.7 lakhs per annum.

Some Top Colleges: Christ University – Bengaluru, Vellore Institute of Technology – Vellore, SRM Institute of Science & Technology – Chennai, St. Joseph’s College – Bengaluru, and Amity University – Noida.

In addition to degree and professional courses, there are numerous diploma and certificate courses that one can pursue after Commerce with Maths. The duration of most of the courses varies between six months to one year.

Some of them are:

• Diploma in Banking & Finance
• Diploma in Accounting and Finance
• Diploma in Computerised Accounting
• Certificate course in Tally
• Certificate course in Banking
• Certificate course in Accounting

There is a great Commerce with Maths scope and not just limited to a few career options. As you can always find a way to innovate whether you pursue higher studies, certificates, degree courses, corporate jobs, or start-ups, it's becoming vital to explore all the career options and make a choice based on your interests and aptitude.