Career Opportunities in the Commerce Field in Pakistan Diploma Courses, Scope and Job Opportunities, Requirements, Salary, Admissions Guidelines, Courses, Programs, Professional Training Schemes, and Income Details to Begin Commerce Field Courses in Pakistan In Pakistan, the Commerce Field encompasses a wide range of professional opportunities. After the tenth grade, commerce is often a favored field. It is about comprehending the economy and business. Finance and numbers are key components of the Commerce industry. Commerce is a difficult field. It combines numbers, economics, and accounting. These commerce students have an intellectual appearance and a thinking mentality, which is necessary for success in the business world.
Most people pick this line of work because they want to see themselves in the corporate world. This field has become one of the most popular and widely pursued. This sector provides excellent career and advancement chances. The Bachelor of Commerce program is designed to help you improve your business knowledge, financial literacy, and analytical abilities. Accounting, information systems, economics, business law, management, and other subjects will be covered.
Commerce Field Career
CA certified accountant is a reputable job choice in this industry, as is earning a position after completing MBA courses. This stream has given the pupils fresh life, a new feeling, and a course of direction. You might argue that commerce graduates represent a major operational, functional, and systematic aspect of this area. To be in the commerce profession, you must have a perfect score in economics and accounting, bookkeeping, finance, business mathematics, and secretarial practice.
Here are a few professional paths you may take after obtaining your commerce degree.
- Chartered Accountant (CA) or Company Secretary (CS)
- Lecturer/Professor
- Banker
- Government Jobs
- Human Resource Development Management
- Legal Adviser/Attorney
- Chief Accountant/Chief Internal Auditor
Commerce Field Career in Pakistan Scope and Opportunities
Commerce Field Career and Scope
If you decide to pursue the Career options in commerce accessible to you, here are some career profiles to consider:
- Chartered Accountants
- Chartered Financial Analyst
- Company Secretary
- Loans Executive
- Human Resource Manager
- Certified Financial Planner
- Economist
- Venture Capitalist
Chartered Accountancy
This is the most coveted path for any I.Com student. A chartered accountant is a well-known designation. They are also the well-paid. Chartered accountants are experts. They go through rigorous training.
CA, unlike other professional routes, follows a unique path. You must go to a law firm and practice there. Then, you take the certification examinations within a specified number of years. The Institute of Chartered Accountants awards the degree. This varies depending on the country. In Pakistan, Chartered Accountancy is overseen by the Institute of Chartered Accountants. This degree is accepted in some countries. Many countries, however, do not.
Chartered Financial Analyst
A chartered financial analyst (CFA) is a worldwide recognized professional qualification conferred by the CFA Institute (previously the AIMR (Association for Investment Management and Research)) that assesses and certifies financial analysts’ competence and integrity. Accounting, economics, ethics, money management, and security analysis are the topics covered in the three tiers of tests.
Company Secretary
A Company Secretary is in charge of the effective administration of a company, specifically of ensuring compliance with statutory and regulatory requirements and the implementation of the board of directors’ decisions. Despite the title, this is neither a clerical nor a secretarial position.
Loans Executive
A Loan Executive/Officer assists applicants in applying for loans at banks, credit unions, independent lenders, and mortgage businesses. Before recommending approval, they check loan eligibility and analyze a person’s creditworthiness based on their previous and present financial condition.
Human Resource Manager
A Human Resources Manager, often known as an HR Supervisor, organizes all administrative tasks for an organization’s people. Their responsibilities include designing recruiting strategies, setting procedures for monitoring employee benefits, payroll, and behavior, and onboarding new workers.
Certified Financial Planner
A certified financial planner is a financial adviser who has passed one of the most stringent financial planning certification exams. CFPs must have several years of expertise in financial planning, pass the CFP test, and follow the Certified Financial Planner Board of Criteria’s high ethical standards. CFPs, unlike certain other types of financial planners, are bound to a fiduciary standard, which means they are required to operate in the best interests of their clients.
Economists
An economist is a specialist who investigates the link between a society’s resources and its output. Economists research anything from tiny, local communities to entire nations and even the global economy. An economist’s professional judgments and research results assist in determining a wide range of economic policies, including interest rates, tax legislation, employment initiatives, international trade agreements, and company strategy.
Venture Capitalist
A venture capitalist (VC) is a private equity investor that lends money to firms with strong development potential in exchange for a share in the company. This might include sponsoring fledgling initiatives or assisting small businesses that want to grow but lack access to equity markets.
Rapid Progress Made by Commerce
This business sector is developing at a quick pace and receiving favorable feedback from students. You may develop an easy and solid banking, investing, and insurance career. The strong choice to pursue a profession in this commerce stream is still popular, even though our country’s economic sector is moving at a modest and steady pace. To operate formally in commerce, you must finish courses such as the C. F foundation course, the ICWA foundation course, and the C.S foundation course. This field has also grown the remainder of the foreign markets. Working on the commerce stream is critical if we want to develop our domestic markets. This particular stream is critical to the field of economic growth.
Career Outlook
- Because you will study business communication in this degree, you will find it easy to get work as a business correspondent. This degree involves the study of business law, as well as pricing tactics and other marketing techniques. This curriculum includes a company finance course, and you will gain expertise on themes such as capital structure and working capital management.
- Auditing is an essential subject in this profession, and you will learn about vouching, transaction verification, and valuation. You will also learn about assets and liabilities in this stream and field of commerce.
- Following that, students in the commerce discipline will study cost accounting, which will educate you about standard costing, variation costing, contract costing, and budgetary control features.
Banking and its multidisciplinary disciplines such as Chartered Accountancy, Company Secretary, Economics, Stock Broking, Cost Work and Accountancy, and Agricultural Economics have highly promising employment prospects.
Also Check: I.Com Career Scope in Pakistan
