Commerce with Maths Scope: Career Opportunities

India has become one of the world’s leading countries for innovation and a rich start-up culture, third only to China and the United States [1]. If you know entrepreneurship is in your future, commerce with maths is an excellent foundation for the necessary knowledge and skills. 

That’s only one of the careers open to you. With growing technological advancement and the establishment of new businesses, commerce with maths has gained prominence, particularly among those who aspire to work in finance or enroll in advanced courses like chartered accountancy or financial accounting. This article will brief you on several degree programmes and scope prospects for commerce with maths.

Commerce with maths scope: Career opportunities

While learners who opt for commerce without maths often seek careers in the humanities, marketing, or law, completing commerce with maths opens the door to various courses and potential careers. First, it’s essential to assess your skill set, potential benefits, and limitations to help shape your direction and provide a focus for the degree programme you choose, including BCom and MCom. 

The following are some of the career  opportunities in commerce with maths that can offer  a competitive salary, along with the average base salary you might earn per year:

Stockbroker

Average salary (IN): ₹2,80,000 per annum [2]

Stockbrokers buy and sell shares for investors in exchange for a commission or nominal fee. In this role, you’ll be a go-between, connecting buyers and sellers on the stock exchange, typically while working with a brokerage firm. You may need to get permission and attain governmental registration. 

Research Analyst

Average salary (IN): ₹4,80,000 per annum [3]

A research analyst offers in-depth analyses of securities or other financial assets. It requires keen research abilities and data analysis skills. You can specialise in specific areas, such as operations, market, finance, equity, and economic research. 

Chartered Accountant

Average salary (IN): ₹11,10,000 per annum [4]

Chartered Accountancy (CA) is a popular career option amongst learners but requires significant training. In this role, you might work in nearly any industry to help manage an organisation's finances and offer financial advice to individuals, businesses, or government agencies.

Chief Executive Officer (CEO)

Average salary (IN): ₹46,20,000 per annum [5]

As a CEO, you are the executive with the highest ranking and responsible for making all the company's major decisions. You will also be amongst the key decision-makers in the organisation and bridge the board of directors with the rest of the company. While many executives, including managing or executive directors, oversee the day-to-day operations, your focus will remain more on ensuring the work stays true to the vision and mission of the business and innovating strategies to help drive the business forward accordingly.

Digital Marketing Manager

Average salary (IN): ₹11,60,000 per annum [6]

Digital marketing managers are accountable for planning, implementing, supervising, and administering digital marketing services. You'll use digital platforms, including email, social media, and the internet, to engage customers and potential customers, increase brand awareness, and market companies' services and products. You'll design marketing strategies and research opportunities and work with clients to ensure a positive return on their investment.

Certified Management Accountant (CMA)

Average salary (IN): ₹6,00,000 per annum [7]

CMAs work on comprehensive financial planning for big private or government companies. In this role, you will make financial decisions and provide the “what” and “why” behind the numbers to other decision-makers to help leaders make effective decisions and facilitate operational planning. 

Certified Public Accountant (CPA)

Average salary (IN): ₹2,30,000 per annum [8]

Like all accountants, CPAs provide multiple services, such as taxation, bookkeeping, regulatory compliance, and financial statement analysis for businesses, organisations, and individuals. Gaining certification demonstrates strong competency and trustworthiness. The global credential is the highest proficiency certification.  

Chartered Financial Analyst (CFA)

Average salary (IN): ₹4,00,000 per annum [9]

Chartered financial analysts assist companies and private clients with portfolio planning and investment guidance. With this professional certificate, you may work in various roles, including as a business analyst, investment banker, and risk manager.

Commerce with maths discipline: Subjects

Here is the list of significant  disciplines and specialisations for commerce with maths stream students:

• Economics

• Statistics

• Corporate law

• Marketing 

• Accounting

• Health care

• Management

• Business administration

• Finance and accounts

• Investment banking

• Actuarial science

• Chartered financial analyst

• Chartered accountancy

• Investment Banking

• Entrepreneurship

• Project management

• Human resource management

Commerce with maths scope: Course options

After high school, students pursuing commerce with maths can choose from various courses, including business management, economics, financial accounting, etc. Some popular courses for commerce with maths students after class 12 are listed below, with some covered in more detail: 

• BCom/BCom (Hons)

• BA/BSc Economics

• BA/BSc Statistics

• Bachelor of Business Administration (BBA)

• Bachelor of Business Studies (BBS)

• Bachelor of Management Studies (BMS)

• Bachelor in Finance and Accounting (BAF Course)

• BA LLB

• Chartered Accountancy

BCom (Bachelor of Commerce)

BCom is a widely sought-after three-year bachelor's degree in commerce. It builds outstanding business acumen and is one of the most sought-after degree programmes for students with a foundation in commerce and mathematics. Enrol in either a full-time or distance learning programme. You can choose to specialise in disciplines such as:

• Statistics

• Finance

• Accounting and taxation

• Computer science

• International finance

If you hold a BCom degree, you have numerous job opportunities, including banking, accounting, administration, and law. After completing BCom, you can continue your education by pursuing further degrees like a master’s or PhD in business.

BCom Hons

BCom Honours is a more advanced version of BCom. Students from commerce with a maths background can enroll in this course. This three-year undergraduate course offers in-depth expertise in accounting, business, banking, statistical data, economics, and marketing.

BBA (Bachelor of Business Administration)

This degree programme is highly sought-after. It’s a three-year professional course with a well-structured curriculum thoroughly explaining finance, managerial, communication abilities, entrepreneurship, marketing, and project management. As a graduate, you’ll deeply understand your chosen field and be career-ready to enter the marketplace.

BA LLB (Bachelor of Arts–Bachelor of Legislative Law)

A BA LLB is another prevalent degree option among commerce with maths students. It is a five-year dual degree programme that thoroughly enables students to understand business and legal management complexities. Topics addressed in this course include constitutional provisions, torts, jurisprudence, corporate and managerial communication, and environmental legislation.

BA Economics Hons (Bachelor of Arts Economics Honours)

BA Economics Hons is a three to four-year course that allows students to study both the micro- and macroeconomics of an economy. The course offers a diversified curriculum, providing knowledge on numerous aspects of an economy's production and distribution, demand and supply.

B.Com Applied Economics

B.Com in Applied Economics is popular among students from commerce with a maths background. It gives students a theoretical understanding of the various facets of applied economics. You will learn multiple strategies you can apply in economics to solve challenging real-life situations. Some major topics covered in the BCom Applied Economics course include macroeconomics, microeconomics, Indian economic development, and public economics.

Chartered Accountancy

Chartered accountancy (CA) is a trendy occupational choice for students with a foundation in commerce and mathematics. Professionals often consider it one of this field's most mentally taxing examinations. Although each country has its eligibility requirements for CA, all need to maintain generic CA course guidelines authorised by the Association of Chartered Certified Accountants (ACCA). The credential, given after passing 14 exams, entitles you to practice accounting in practically all nations. 

Certified Management Accountant (CMA)

The US Institute of Management Accountants (IMA) oversees the global CMA certification course. The IMA administers this course to ensure excellence in management accounting. It covers aspects related to company accounting and financial management. Students majoring in commerce with maths need additional education and to clear both CMA exams within three years of registration to attain CMA certification. Once you get certified with the degree, your status will be elevated as a CMA professional.

Company Secretary

The ICSI is the governing body for Company secretaries in India. It provides a comprehensive course for its students and oversees the learning process. Like CA, you must accomplish several stages to become a company secretary. 

Certificate in Investment Banking (CIB)

Obtaining a banking certificate in investment is an excellent career choice for students majoring in commerce with maths. It is a six-month course that enhances knowledge of investment banking and related fields. After enrolling in this course, you can begin your career. This high-paying occupation boasts average salaries ranging from ₹2,00,000 to ₹56,00,000 per annum [10]. 

Next steps  

Commerce with maths offers a broad scope for dedicated students. You can also explore some of the career areas you’re interested in by taking online courses provided by world-renowned institutions on Coursera. For example, you can explore FinTech Law and Policy with a course from Duke University or dive deeper into investment banking with the Investment Management Specialisation from the University of Geneva. 

You can also pursue a Bachelor of Science in General Business and get a primary business education focusing on developing real-world employment skills to enhance your business learning process swiftly. 

Frequently Asked Questions  (FAQs)