Have you audited your career plan in commerce ?

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 Careers in commerce have been quite in demand since some time now. In the 80s and 90s Commerce was the trusted refuge for those who were either rejected by or scared of science and didn't consider humanities ( called as Arts usually) dignified enough then.

In those days it was one of the Graduation degrees with some dignity after science . Youngsters thought of it as a gateway to banking jobs or corporate accounting jobs .. or at least stepping stone for MBA . Then arrived the trend of much glamorous yet tough CA. ( Actually, ICAI was established on 1st July 1949 and first CA in India as registered on 9 June 1950 is CA Gopaldas Padamsey Kapadia , first MBA college was established later in New Delhi in 1954- however the tough CA exam wasn't much popular in masses then . )

CA has maintained its sheen for quite a long mainly because of a highly professional and tough qualifying exam testing practical and industry-relevant knowledge and skills of the aspirants. However, less than 20% of the passing percentage does act as a dampener for lakhs of students who perceive it very tough exam and do not take the CA path.

So what other career options are available in the commerce stream?

Quite a lot actually. Few known and few not so known. Let's quickly take a look at the top list of careers in commerce

1. Banking

2. Investments

3. Insurance

4. Capital Markets

5. Accounting and Taxation

6. Company Secretary

7. Cost and Work Accountant

8. Cost and Management Accountant

9. Actuaries

10. Certified Financial Planner

Almost every field above has tremendous potential in terms of making a real impact on society as well as the financial earnings perspective. Options like Investment banking, CMA, Actuary are quite coveted careers globally with highest respect and income potential.

However, it isn't true that anyone and everyone can make it BIG in commerce. The commerce sector does need specific talents and personality traits. Don't opt for it because you don't want science, you may land up in marshy or slippery land.

The usual tendency of students to link Maths with commerce isn't really the right thing. While being good at number crunching will be advantageous, not being too good at Mathematics as a subject may still be okay.

With Automation, AI , Data Science taking over fast, this sector will need specialist approach to make it BIG and hence entering commerce with a Generalised view of doing something may be hazardous for your health.

Specific talents/traits or skills required for a successful career in Commerce to name a few are

Numerical skills

Problem-solving skills

Analytical skills

Communication skills

Leadership skills

Information and knowledge Orientation

Business acumen

So if you are thinking of Commerce as your playground for the rest of your life, do take a look at the balance sheet of your skills, strength areas, personality, your talents, and not-so-good areas and align the same with your dream/passion. It would be a wiser step to enter the game with a thorough business plan for your career.

wishing you all the best


Avinash Deshmukh

Career Coach 

www.boldnet.in #boldnet #careeropportunities #careerdevelopment #careerguidance #employability #personalitydevelopment #leadershipdevelopment #careersincommerce #commerce

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