Commerce is one of the three fundamental academic streams, the other two being humanities and science. While pursuing a course in the field of commerce, one acquires the knowledge of business or trade, nature and fluctuations in market, basics of economics, fiscal policies, industrial policies etc. The concept of commerce consists of a wide range of interdisciplinary branches including Accountancy, Business Administration, E-Commerce, Finance, Economics and Marketing. Since the Indian economy is one of the fastest growing economies among the third world countries, the need for talented professionals, who can contribute towards the growth of the economy, is increasing. To serve the purpose, many commerce colleges in India are imparting quality education. A commerce aspirant can pursue course related to the field at any of the colleges and work in organizations that deal with finance and commerce
Several commerce colleges and institutes in India are imparting courses in the field of commerce at the undergraduate and postgraduate levels. At the undergraduate level, one can pursue Bachelor of Commerce (B.Com), a three-year full time program and Master of Commerce (M.Com), at the postgraduate level. To be eligible for undergraduate course, the candidates have to pass 10+2 level examination in commerce stream, from any recognized state/national Board. For the PG level program, one should have done Bachelor of Commerce (B.Com), from any statutory University/Institute.
Some of the top commerce colleges in India are Shri Ram College of Commerce (SRCC) Delhi, Loyola College (Chennai), St Xavier's College (Kolkata), Presidency College (Chennai), Symbiosis Society's College of Arts & Commerce (Pune), St. Joseph's College Bangalore, Narsee Monjee College, BM College of Commerce (Pune) and St. Xavier's Mumbai.
Remuneration in the field of commerce largely depends upon the standard of organizations and the area of specialization. Private and government organizations have their own policies regarding salary of professionals working in the field of commerce.
After completing course in the field of commerce, a student can join any private or government organization as a specialist in any of the streams of commerce, such as economics, accountancy or work as management executive, accounts executive, junior accountant or pursue a career in auditing or banking.
Students without mathematics will no longer be eligible for undergraduate commerce courses in Delhi University colleges. According to university officials, the university is making mathematics a mandatory criterion for admission to B Com programme and B Com (H) course from forthcoming academic session. The reason for the change is said to the new semester-based course structure where the mathematical and computer components are enhanced.
As per the new undergraduate students' admission process of DU for the year 2011-12, for admission to B Com programme a student needs to have studied mathematics in class X and for admission to B Com (H) course as the student need to have mathematics in class XII.