The document provides guidance on selecting a career and discusses various career options after commerce stream. It recommends planning career selection from Class 9 and considering one's interests, academic performance and job expectations. It then describes careers in actuarial science, company secretary, cost and work accountancy, chartered accountancy and B.Com degree. Each career discusses eligibility, course structure, future prospects and the respective professional bodies that regulate them.

1. By:- MOHIT AGARWAL

10. How to select a career?
 Follow these three
plans
Plan A (Personality)
Plan B (Specific factors)
Plan C (Interests)

11. Career plans
 What do you want to study and where?
 You must be sure when are at 10th
standard.
 Goal – how to reach? Risk involved?
Alternate options?
 Check your academic performances.
 Job expectations : money, status,
discipline (keep in mind your interest)

12. Plan your career
To be done at the level of 9th
standard.
 As marks secured in 10th, 12th
and Bachelor degrees are
considered for jobs.
To lead a better family life.
To help the Nation.

13. Why to select a career?
 We have been created unique.
 We are born only once.
 We spend almost 40 years on our work.
 A total of over 80,000 hours we “work”.
 Ask yourself.
 How should I spend these 80,000 hours
before I die?
 Better an original cow than a duplicate tiger.

14.  Never plan for future.
 Follow the crowd.
 Choose by influence of others.
 Accept the parent’s verdict by force.
 Jump into any career.
 Are totally away from realities.
 Live in fantasy world.
 Lack of motivation.

16. Why Commerce?
 Contrary to the perception, careers in
commerce provide a high earning and a
respectable job.
 Students interested in numbers and the
financial aspect of life should choose
commerce.
 For most part of studies, commerce
requires common sense and logic
instead of ‘rote learning’

19. • FOREIGN TRADE
• FORESTRY SERVICE
• CIVIL SERVICE / RAILWAY SERVICES / POLITICS
• ECONOMISTS
• PSYCHOLOGY
• SOCIAL WORKERS
• ARMY, NAVY & AIR FORCE
• TEACHING
• SPORTS & PHYSICAL EDUCATION

20. Careers in Arts
• LIBRARY & INFORMATION SCIENCE
• SPECIAL EDUCATORS
• REHABILITATION
• HEALTH FITNESS BEAUTY
• FOREIGN LANGUAGES, CALL AGENTS
• PUBLISHING INDUSTRY
• HISTORIANS, ARCHAEOLOGISTS, ARCHIVISTS,
CURATORS
• HOME SCIENCE & HOME ECONOMICS

21. Various Career Options
 Today, there are a wide range of topics to
choose from to pursue a career as compared
to few years ago. Some of them specific to
the stream of commerce are :-
1. Actuarial Science
2. Company Secretary
3. Cost and Work Accountant
4. Chartered Accountancy
5. B.Com/ B.Com (Hons.)

22. Actuarial Science
 An actuary is an expert in assessing the financial impacts of tomorrow’s
uncertain events. They enable more informed decisions.
 Eligibility :-
1. Should have completed 18 years of age
2. Should have attained anyone of the following Educational Standards-
 Passed 10+2 or equivalent with at least 85% in Mathematics / Statistics
 Graduate or Post Graduate in Mathematics/Stats/Econometrics
 Any Engineer / CA / CS / MBA (Finance) / MCA
 Fully qualified members of following Professional bodies such as :-
 The Institute Of Chartered Accountants of India (ICAI)
 The Institute of Cost and Works Accountant of India (ICWAI)
 The Institute of Financial Analyst of India (IFAI)
 The Insurance Institute of India (III) passing with subjects 81- mathematical
Basis of Insurance and 82- Statistics.
3. An application should be recommended by a member of professional body
like such as ICAI, ICWAI and ICSI.

23.  Core Technical Stage- 8 compulsory papers (CT1-CT8) with
one paper of 100 marks
 Core Application Stage- 2 compulsory subjects (CA 1 to
CA3), CA1 consists of two papers whereas CA2 and CA3
shall have one paper each.
 Specialist Technical Stage- 6 papers (ST1 to ST6) and the
students have to choose any two.
 Specialist Application Stage- 6 papers (SA1 to SA6) and the
student has to clear any one.
Specialist Application
Stage
Stages Of Examination
Core Application
Stage
Specialist Technical
Stage
Core Technical
Stage

24. 1. Insurance companies [be it private or public-
life or general]
2. Firm of Consulting Actuaries
3. Authorities like IRDA, PFRDA & TAC.
4. Asset liability Management Companies
5. Large banks and Investment Firms like World
Bank, ADB, etc
6. Pension Banks and Employee Benefit
Companies- likely to be opened in India soon.
7. Large Capital & Turnkey Project Handling
Companies
8. Software Development Companies
Future Prospects:

25. 1. In addition to the above,
employment opportunities are
expected to arise in future in the
offices of:
2. Insurance Intermediates
3. Pension Providers other than
insurance companies.
4. Education Institution (Providing
Courses on Finance & Actuarial
Science)
5. Re-insurances

26. Institute of Actuaries of India
 Institute of Actuaries of India (IAI) is a
statutory body established under The
Actuaries Act 2006 (35 of 2006) for regulation
of profession of Actuaries in India.
 It is a member of the umbrella body
International Actuarial Association

27. 1.Advancement of the Actuarial
profession in India.
2.Providing opportunities for
interaction among members of the
profession.
3.Facilitating research, arranging
lectures on relevant subjects.
Objectives

28. Company Secretary
 A CS is a person who is:-
1. An expert in corporate laws, securities laws & capital
market and corporate governance.
2. Chief advisor to the board of directors on best practices
in Corporate Governance.
3. Responsible for all regulatory compliances of company.
4. Corporate planner and strategic manager.
Stages in CS
ProfessionalFoundation Executive

29. Foundation Programme
 Eligibility:-
 10+2 or equivalent
 Provisional admission is allowed to a candidate who has
appeared or enrolled for appearing in Senior Secondary
(10+2 or equivalent) examination , provided proof of passing
the examination is produced within 6 months of making the
application.
 Admission- Making an application in the prescribed Form
FC-1 together with documentary evidence in support of date
of birth and educational qualification.
 Duration- 8 months, excluding the months of admission and
the examination.
# Students are required to pass the Foundation examination
within 3 years from the date of their admission
 Exemption:-
 Pass in the Final examination of the ICWAI or ICAI or any
other Accountancy Institution in India or abroad recognized by

30. Foundation
Subjects
Elements of
Business Laws
And Management
Economics
And
Statistics
Financial
Accounting
(100 Marks)
Business
Communication
(50 Marks)
English
(50 Marks)
Statistics
(50 Marks)
Economics
(50 Marks)
Elements of
Business
Laws
(50 Marks)
Elements of
Management
(50 Marks)
English and
Business
Communication

31. Executive Programme
 Registration Period:-
1. Five years from the month in which his application,
complete in all respects, is accepted for registration.
2. A registered student is required to complete the
Executive and the Professional examination within the
registration period.
Subjects
Module IIModule I
General &
Commercial Laws
Company Accounts and
Cost & Management Accounting
Tax Laws
Company Law
Economic And
Labour Laws
Securities Laws
and Compliances
$ All papers are of 100 marks

32. Professional Programme
 Eligibility- Passing the Executive Programme
examination.
Subjects
Module IVModule II Module IIIModule I
Drafting,
Appearances
&
Pleadings
Company
Secretarial
Practice
Restructuring
And
Insolvency
Financial,
Treasury
&
Forex
Management
Advanced
Tax Laws and
Practice
Module
Strategic
Management,
Alliances and
International
Trade
Due
Diligence
&
Corporate
Compliance
Management
Governance,
Business
Ethics
And
Sustainability
$ All papers are of 100 marks

33. Future Prospects
 Employment :
 Companies with a paid up share capital of Rs.5 crores
or more are compulsorily required to appoint a whole
time Company Secretary who is a Member of ICSI
 All companies seeking listing on Stock Exchange are
required to appoint a whole time company secretary
 Membership of the Institute is recognized for
appointment to superior posts and services under
Central Government.
 Self-Employment
 After obtaining a ‘Certificate of Practice’ from the
Institute, members of the Institute can go in for

34.  The Institute of Company Secretaries of
India is constituted under an Act of
Parliament i.e. the Company Secretaries
Act, 1980 (Act No. 56 of 1980). ICSI is the
only recognized professional body in India
to develop and regulate the profession of
Company Secretaries in India.
 Vision- To be a global leader in promoting
Good Corporate Governance
 Mission- To develop the high calibre
professionals facilitating good Corporate
Governance

36. Cost and Work Accountant
 A cost accountant ensure that managerial
decisions are well within the cost
prescriptions. He is expected to give a
prognosis for projects to be undertaken
based on past and present financial
performances
 Eligibility- 10+2
 Duration- 6 years

37. Stages in CWA
Foundation
Course
Final
Course
Intermediate
Course

38.  Pass percentage- Minimum of 40% in each paper
and an aggregate of 50% in all the papers
together.
Foundation Subjects
Financial
Accounting
Fundamentals
(100 Marks)
Management
(70 Marks)
Organisation
(30 Marks)
Organisation &
Management
Fundamentals
Economics &
Business
Fundamentals
Economics
(50 Marks)
Business
Fundamentals
(50 Marks)
Basic Mathematics
& Statistics
Fundamentals
Arithmetic
(15 Marks)
Mensuration
(30 Marks)
Algebra
(25 Marks)
Elementary
Statistics
(30 Marks)

39. Intermediate Subjects
Applied Direct
Taxation
(100 Marks)
Financial
Accounting
(100 Marks)
Commercial &
Industrial Laws
& Auditing
Commercial &
Industrial Law
(50 Marks)
Auditing
(50 Marks)
Cost &
Management
Accounting
(100 Marks)
Applied
Indirect
Taxes
(100 Marks)
Operation
Management
(50 Marks)
Operation
Management
& Information
Systems
Information
Systems
(50 Marks)
Group IIGroup I

40. Final Subjects
Strategic Tax
Management
(100 Marks)
Advanced
Financial
Management
And
International
Finance
(100 Marks)
Operations &
Project
Management
And Control
Operations
Management
(50 Marks)
Management
Accounting-
Decision
Making
(100 Marks)
Management
Accounting-
Financial
Strategy &
Reporting
(100 Marks)
Cost Audit
(50 Marks)
Cost and
Management
Audit
Management
Audit
(50 Marks)
Group IVGroup III
Project
Management
(50 Marks)
Strategic
Management
And Marketing
(100 Marks)
Valuation
Management &
Case Study
Valuations
And
Management
(70 Marks)
Case Study
(30 Marks)

41.  The ICWAI came into being by "The Cost and
Works Accountants Act" a special act passed
by the parliament in 1959 on 28th May 1959
 It specializes in the field of Cost and
Management Accountancy.
 Objective- Promoting, regulating and
developing the profession of Cost
Accountancy.

42. Career Prospects
 Own practice
 Auditing
 Maintenance of cost records
 Employment in private sector as managers,
internal auditor, etc.

44. Chartered Accountancy
 Accounting, auditing and taxation are the core
areas dealt with by chartered accountants.
 They are also capable of expert level services in
the areas of General Management, Personnel
Management, Financial Management, Operations
Management, HR Management

45. Course Structure
Stages in CA
Common
Proficiency
Test
Integrated Professional
Competence Course
(IPCC)
Final
4 subjects-
2 papers 9 subjects
4 papers- group I
3 papers- group II
Articleship +
ITT
Apprenticeship
Under a practicing
CA for 3 years
+
100 hours of
IT training
8 subjects
4 papers- group I
4 papers- group II
General
Management
Course
Compulsory
GMC course
During/ after
Finals
• Academic Qualification- 10+2 or
equivalent as recognised by ICAI

46. Common Proficiency Test (CPT)
 Pass Marks- To pass/qualify at the examination a
student has to obtain a minimum of 50% marks in all
the papers together.
 Re attempting- Failing to get the pass mark requires
the student to reappear in all the papers again.
 No Exemptions- There are no provisions for
exemptions, even in conditions where the student has
obtained high marks.
 CPT duration is minimum 2 months.
 Each session is of 2 hours.

47. Subjects
Session IISession I
Mercantile Laws
(40 Marks)
Fundamentals
Of Accounting
(60 Marks)
Quantitative
Aptitude
(50 Marks)
General
Economics
(50 Marks)

48. Integrated Professional Competence Course (IPCC)
 Pass Marks- Minimum of 40% in each paper and an
aggregate of 50% in all the papers of both the groups
together if attempting both the groups or all the papers of
a single group, A student has to get through both the
groups either at once or separately to be eligible to go for
the next level i.e. Final.
 Exemptions- In cases where the student has obtained
high marks in one or more papers and has failed the
group.
 Minimum duration of IPCC is 9 months.
 Time duration of each paper is 3 hours.

49. Subjects in IPCC
Group IIGroup I
Law, Ethics
and
Communication
Advanced
Accounting
(100 Marks)
IT and Strategic
Development
Auditing and
Assurance
(100 Marks)
Information
Technology
(50 Marks)
Strategic
Management
(50 Marks)
Business
Communications
(20 Marks)
Business Ethics
(20 Marks)
Law
(60 marks)
Cost Accounting
And Financial
Management
Cost Accounting
(50 Marks)
Financial
Management
(50 Marks)
Taxation
VAT
(25 Marks)
Service Tax
(25 Marks)
Income Tax
(50 Marks)

50. Final
 Pass Marks- Minimum of 40% in each paper and
an aggregate of 50% in all the papers of both the
groups together if attempting both the groups or all
the papers of a single group, A student has to get
through both the groups either at once or
separately to be eligible to go for the next level i.e.
Final.
 Exemptions- In cases where the student has
obtained high marks in one or more papers and
has failed the group.
 Minimum duration of Finals in 3 years.

51. Subjects in
Finals
Group I Group II
Corporate &
Allied Laws
Company
Law
(70 Marks)
Strategic
Financial
Management
(100 Marks)
Financial
Reporting
(100 Marks)
Allied Laws
(30 Marks)
Advanced
Auditing and
Professional
Ethics
(100 Marks)
Advanced
Management
Accounting
(100 Marks)
Information
Systems
Control &
Audit
(100 Marks)
Direct Tax
Laws
(100 Marks)
Indirect
Tax
Laws
Central
Excise
(40 Marks)
Service Tax
And VAT
(40 Marks)
Customs
(20 Marks)

52.  The Institute of Chartered Accountants of India
(ICAI) is a statutory body established under the
Chartered Accountants Act, 1949 (Act No. XXXVIII
of 1949) for the regulation of the profession of
Chartered Accountants in India.
 ICAI now is the second largest accounting body in
the whole world

54. B.Com/ B.Com (Hons.)
 B.Com is an undergraduate commerce course. It
covers the study of principles of accounting, micro
and macroeconomics, money and banking
systems, economic theory, etc.
 Duration- 3 Years
 Eligibility- 10+2

55. Job and Employment Prospects
 Employment Prospects:-
1. Import/Export Companies
2. Customs Department
3. Economic Consulting Jobs
4. Finance, Banking Sectors
5. Consulting Firms

56. 1. Finance Manager
2. Corporate/Business Analyst
3. Executive Assistants
4. Financial/ Investment/ Market Analysts
5. Investments Banker
6. Senior Accountant
7. Operations Manager
8. Money Manager
9. Risk Analysts
Job Prospects:-

57. Top Commerce Colleges
SRCC, DU
St. Xavier’s College, Mumbai
St. Xavier’s College, Kolkata
Symbiosis, Pune
LSR, DU
St. Joseph’s College,
Bangalore

58. Presidency College, Chennai
Hindu College, DU
Hans Raj College, DU
Indian Institute of Management &
Commerce, Hyderabad
Shri Narsee Monjee College of
Commerce and Economics, Mumbai
Loyola College, Chennai
BM College, Pune
HL College of Commerce,
Ahmedabad

59. Other Career Options
 Other than the careers
discussed above, there are
careers which can be pursued
by a student from any stream.
Some of them are:-
1. Law
2. Hotel Management
3. Indian Administrative Services

60. Law
 Eligibility- 10+2, CLAT
 Duration- 5 Years, 3 Years, 2 years
 Careers:-
1. Advocate
2. Advocate General
3. Attorney General
4. District Attorney
5. Legal Advisors
6. Magistrate
7. Notary
8. Public Prosecutors

61. Students will identify and
assess entrepreneurial traits.

62. Be An Entrepreneur.

63. Law Courses
 B.A LL.B (Undergraduate Law Course)
Eligibility- 10+2
50% in all the core subjects and English put
together.
 LL.B
 Bachelor of General Law (BGL) / Bachelor of
Academic Law (BAL)
 Master of Law (LLM)
Eligibility- LL.B. degree or its equivalent from a
recognized University

64. Reputed Law Schools
 Symbiosis Law College, Pune
 Faculty of Law, BHU, Banaras
 University Law College - Bangalore University
 NLSIU Bangalore
 NLIU, Bhopal

65.  KLE Society’s Law College, Bangalore
 NALSAR, Hyderabad
 Faculty of Law, DU, Delhi
 Lucknow university, Faculty of Law, Lucknow
 University of Calcutta, Kolkata
 Amity Law School, New Delhi

66. Hotel Management
 Hospitality management studies provides a focus
on management of hospitality operations including
hotels, restaurants, cruise ships, amusement
parks, and related industries.
 Eligibility- For certificate, diploma and bachelors
courses 10+2 is sufficient.
 Duration-
 Certificate courses- six months to one year.
 Bachelor and diploma courses- 1.5 - 3 years.
 Post graduate diploma courses- 1 year.
 Selection to most government recognised

67. Premier Hotel Management Schools
 Some of the premier hotel management schools in
India are:-
1. National Institute of Hotel Management and
Catering Technology
2. Taj Group’s Institute of Hotel Management
(IHM), Aurangabad
3. WelcomGroup’s Graduate Hotel Administeration
School, Manipal
4. STEP- Oberoi Center for Learning and
Development

68. 1. Indian Institute for Hotel
Management (IIHM), Kolkata
2. Instittue for International
Management and Technology (IIMT),
Gurgaon
3. Federation of Hotel and Restaurant
Associations of India
(FHRAI),Greater Noida
4. Banarasidas Chandiwala Institute of
Hotel Management (IP university)

69. Jobs and Prospects in Hotel Management
 Jobs:-
1. Manager
2. Front Office
3. Food and Beverages
4. Housekeeping
5. Restaurant Managers
6. Executive Housekeeper
7. Marketing Department

70.  Prospects- Besides working in hotels, there are other
areas where hotel management is required
1. Restaurant Management
2. Club Management/Recreation & Health Centre
Management
3. Cruise Ship Hotel Management
4. Hospital Administration and Catering
5. Institutional and Industrial Catering
6. Airline Catering and Cabin Services
7. Catering Departments in banks and insurance houses
8. With government owned catering departments, for
example railway, armed forces, ministerial conventions,
etc.

71. Indian Administrative Services
The Indian Administrative Service
(IAS) is the administrative civil service
of the Government of India.
The officers of the IAS play a major role
in managing the bureaucracy of both
the Union Government and the State
governments, with its members holding
strategic posts across the country.

72.  Eligibility-
1. A citizen of India
2. A candidate must have attained the age of 21
years and must not have attained the age of 30
years.
3. A degree with any recgonised university.
 Test Pattern-
1. Civil Services Aptitude Test
2. Main Test

73. Job Prospects
1. Depending upon his rank, a candidate is
recruited to services such as the Indian
Administrative Service (IAS), Indian Police
Service (IPS), Indian Foreign Service (IFS) and
other departments including Finance, Post
and Telegraph, Revenue, Secretariat and so
on.
2. The appointment offers executive power.
3. Promotions are time bound and increase in