We are very close to completing the second decade of the 21st century and in the fast changing world, we have some new trending degree options in light and some traditional ones continue to dominate the interests of the students across India and the globe. So, here are 9 most trending degrees for commerce students in the current times.
1. Bachelor of Business/Commerce
This is one of the most traditional options in the commerce stream. It continues to be a popular option because it prepares the students in all areas of business – including accounting, finance, marketing, management. So students study business in broad context in this Some universities now provide options to add a few courses in arts streams like psychology or philosophy in the commerce degrees as well. It is said, that studying inter-disciplinary subjects in a course helps students to become more innovative in their approach. According to Stanford University, innovation is essential in every aspect of your business. So, if you are choosing between two or more business/commerce degrees – do consider the availability of inter-disciplinary electives.
2. Bachelor of Law
This is the second popular and also a traditional option considered by commerce students. Legal profession is one of the most sought professions in India or globally. Forbes Magazine mentioned that fast paced disruptive technology has opened more avenues in the legal arena than anytime before. Post degree, one can opt for solo practice or join law firms. There are large number of mega international law firms which have attracted a lot of interest amongst fresh law graduates.
3. Chartered Accountancy
The Institute of Chartered Accountants of India (ICAI) regulates the study program leading to the membership of ICAI and fulfilment of requirements of being a chartered account in India. Click here to get a glance of the chartered accountancy course in India. Since it is a professional qualification, the course is very well respected and have career options both in industry as well as in self practice.
4. Company Secretary
Another professional courses that students often consider is of Company Secretary. But a larger number of students opt for Company Secretary after their Chartered Accountancy or Bachelor of Law Degree. A Company Secretary is like an in-house legal expert or a compliance officer which many companies hire. The Institute of Company Secretaries of India website has full information about the course.
5. Bachelor of Economics
Economics degrees are often called BA or Bachelor of Arts degrees in India, but since commerce stream in high school includes Economics and Mathematics as subjects, we see a large number of students who studied commerce stream in high school opting for Economics Degrees. One should take economics if they have equal interest in quantitative and qualitative aspects of economics as the degree has both components in it. Most popular careers after an Economics degrees are in policy making with corporations or government or not for profit organisations or consulting.
6. Bachelor of Finance
Students who have an inclination towards quantitative studies can also look at pure finance degrees. It is different from bachelor of commerce or business as students study larger number of finance related subjects along with much more advanced finance subjects. This degree prepares for careers in investment banking or banking or even consulting roles. Degrees can be called as BSc Finance or BBA Finance – the differentiating factor is the number of finance courses and the level of finance courses.
7. Hospitality Management/Event Management
If the student is attracted towards hospitality industry as a whole, then opting for hospitality management programs is a good idea. If you select and study a niche program like this, it does make you a master of one field, but it also limits career options to hospitality industry at large. A differentiating feature of hospitality courses is that it gives a much wider practical experience than most other courses. Some courses will have about 50% of learning as experiential learning or on-the-job learning in the hotels. But, given the large scope and growth of the hospitality sector – it is one of the popular courses still for students.
8. Bachelor of Actuarial Studies
Actuarial Studies is a course that leads to careers in insurance and risk management industry. If the student is interested in mathematics and advanced quantitative courses – it is a good bet especially as actuarial professionals are high in demand and somewhat lower in supply in today’s times. Here is a very detailed and interesting page written by University of Oxford detailing aspects of Actuarial Profession.