Commerce is the subject that receives a lot of applications every year and this year also there is the same scenario. Even though the cutoffs push the 100% mark at many colleges; last year, three colleges had a cutoff of 99% or above for at least one stream, Commerce receives the highest number of applications.
The principal of Shri Ram College of Commerce, believes that for commerce, students must be inclined towards business, must not be rigid and be good at calculations. He stresses on qualities like being open-minded, creative and the willingness to take risks.
Eligibility and courses-
Eligibility: Mathematics is not a requirement for commerce. If an applicant has studied accounts, it will be considered equivalent to commerce and he will not lose any marks. As many as 55 colleges offer the subject.
Discipline I: There are 20 papers, including business laws; financial accounting and auditing; business mathematics and statistics; human resource management; principles of marketing; financial management; cost accounting; corporate laws; corporate governance and social responsibility; business economics; income tax law and practice; security analysis and portfolio management and corporate accounting.
Discipline II: There are six papers-setting up a business, marketing for beginners, financial reporting & analysis, personal tax planning, investing in stock market and insurance & risk management.
Applied Courses: E- business & cyber laws, e-marketing, e-accounting and e-filing of returns
Future of the course-
According to the principal,approx. 40% of his students get placed in corporations while 20% get into some top business school. The rest go for professional courses such as chartered or cost accountancy, government jobs and startups. “But even among those who get placed immediately, most go for a master’s degree later,” says Jain, “About 60%-70% ultimately go for higher education.” He adds that job opportunities for commerce students are increasing as the service sector is becoming a major contributor to the economy.