c m y b

c m y b

Shri Ram College of CommerceNew Delhiwww.srcc.edu

Seats: 501

Cut-off: 98 per cent

USP: Experienced faculty and a fluidacademic culture makes this collegethe top ranked one year after year forCommerce courses.

Lady Shri Ram College for WomenNew Delhi www.lsrcollege.org

Seats: 45

Cut-off: 97 per cent

USP: LSR is one of the finestinstitutions for commerce, socialscience and humanities, while alsooffering a BSc in statistics. Professionalcourses like Elementary Education andJournalism are among its strengths.

Hindu College, New Delhi http://www.hinducollege.org/

Cut-off: 96.25 per cent (first cut off list)

USP: The Commerce Department has aspecialised computer lab and a centralcomputer lab with one computer forevery student. The college also offersadmission to Masters in Commercecourses.

GGDSD College, Sector 32Chandigarhwww.ggdsd.com

Seats: BCom - 280; BBA - 120

Cut-off: BCom -- 92 %, BBA - 88 %,

USP: The college has been awarded “A”Grade by NAAC. It has been granted thestatus of “College with Potential forExcellence” by UGC.

MCM DAV College for WomenChandigarhwww.mcmdavcw-chd.edu

Seats: B.Com (210); B.B.A.(40)

Cut-off: 75 per cent

USP: The college has state-of-the-artcomputer labs, multimedia centre andseminar room fitted with latestteaching, learning aids - OHPs, LCDs,computers etc.

Government College for GirlsLudhianaprincipal@gcgludhiana.org

Seats: BBA- 40; B.Com - 170.

Cut-off: 92 per cent

Claim to fame: Maximum universitypositions in different undergraduatecourses and national championships in Sports.

Multani Mal Modi CollegePatialahttp://www.modicollege.com

Seats: B.Com (180); BBA (50).

Cut-off: B.Com (73 per cent); BBA (62per cent).

USP: The college is conferred with thestatus of "College for Potential ofExcellence" by UGC.

Government Bikram College of CommercePatialawww.gbcpatiala.org

Seats: B.Com (240); vocational coursein Office Management and SecretarialPractice (30).

Cut-off: NA

USP: One of the oldest colleges in thestate, it exclusively imparts educationin the commerce stream.

DAV College, AmritsarEstablished: 1955

w.w.w.davindia-asr.org

Cut off: 70 per cent

Seats in different courses: BBA (100);B.Com (225); B.Com.(P) (150)

Claim to fame: Accreditation:A+ Grade by NAAC, UGC’s Selected College

with Potential for Excellence

Hans Raj Mahila Maha VidyalayaJalandharwww.hrmmv.org

Seats: BCom reg. (225); professional(180); BBA (100)

Cut-off: NA

USP: NAAC A grade. First Indian collegeto be awarded maximum score of 3.83CGPA out of 4 by NAAC.

Apeejay Institute of Management, Jalandhar Established:1997

Seats: BBA

Cut off:USP: The campus has modern lecturetheatres with smart boards, air-conditioned conference hall with latestPA system, state-of-the-art computer labswith 534 computers along with latestsoftware and round-the-clock internet

(Based on selected lists from India Today, Outlook and other surveys)

Commercecolleges

TOP

Payal Krishnan

INFLATION and economic slowdownmay have slackened the Indian growthstory, but these have not indented thepopularity of the Commerce stream inany which way. In India, where non-sci-

ence students are at a disadvantage whenit comes to making career switches later inlife, several students opt for the Com-merce stream at Class XI level as it is onestream that opens doors to a vast range ofcareer options in banking, insurance,stock market, corporate, law and manyother sectors. However, it is important toopt for subjects/fields that interest youthe most and for which you have the rightaptitude. This way you will never losefocus of the career goals that you startedout with. It is a highly competitive field asthe cut off for commerce courses remainsvery high. To get admission in one of thebest colleges in commerce, you must havescored above 90 per cent, in fact, only ascore of above 95 per cent marks is likelyto secure a seat for you in the best col-leges. Last year SRCC, Delhi, has admit-ted students with 100 per cent score.

Different courses that a commerce studentcan opt for are in the following two broadsegments:

GraduationBachelor of Commerce: This degree isdesigned to equip students with a widerange of managerial skills, while at thesame time building competence in generalbusiness principles, taking courses inaccounting/finance, human resources, sta-tistics, marketing, economics, and informa-tion systems.Bachelor of Arts (Economics): This is aspecialised academic degree in social sci-ences encompassing microeconomics,macroeconomics, econometrics, economicstatistics, history of economic thought andpolitical economy. Courses in mathematicsand statistics as well as in accountancy areoften required when offered as a businessdegree. Some universities offer specialisa-tions in a particular area of economics,such as applied economics, financial eco-nomics, mathematical economics andpolitical economy.Bachelor of Business Administration: Thisis a bachelor’s degree in commerce andbusiness administration. In most universi-ties, the degree is conferred upon a studentafter four years of full-time study in one ormore areas of business concentrations. TheBBA programme usually includes generalbusiness courses and advanced courses forspecific concentrations.

This degree is designed to give a broadknowledge of the functional areas of a com-pany, while also allowing for specialisationin a particular area. BBA programmes thusexpose students to a variety of “core sub-jects” and allow them to specialise in a spe-cific academic area. It also develops a stu-dent’s practical managerial skills,communication skills and business deci-sion-making capability. Many pro-grammes, thus, incorporate training andpractical experience, in the form of caseprojects, presentations, internships, indus-trial visits, and interaction with expertsfrom the industry.

Professional degrees These degrees can also be pursued along-side the bachelor’s degrees to give thatextra edge to your resume.Chartered Accountancy: Chartered

Accountancy is the core of all businessesand a dynamic, challenging and rewardingprofession that continues to attract a largenumber of aspirants year after year. With therapid growth in economy, careers in financeand accounts have gained tremendous pop-ularity. The study route for a student who isinterested in pursuing a career in Char-tered Accountancy essentially involvesthree main stages — enrolling & appearing

for the Common Proficiency Test (CPT),appearing for and clearing the IntegratedProfessional Competence Course (IPCC),and lastly, clearing the CA Final examina-tion. A student can pursue it alongside orafter finishing graduation in any subject.Most students prefer graduating in eco-nomics, business studies, commerce etc.while getting CA qualification.Chartered Financial Analysis: CFAs pro-

vide expertise in the area of managementaccounting as also a range of financial serv-ices, covering project planning, merchantbanking services, portfolio management,venture capital, leasing, hire purchase, newissue management, credit rating and otherallied areas. The CFA course is a PG pro-gramme conducted through postal tuition,and admission is on the basis of anentrance test. The Institute of CharteredFinancial Analysts of India (ICFAI), Hyder-abad, that has branches in different cities,is the premier institution for this pro-gramme. Some business managementinstitutes also offer this course.Cost and Works Accountancy: Cost andWorks Accountants structure the businesspolicy of a company and give a forecast forprojects to be carried out based on thecompany’s financial history and currentperformance. Students have to pass theFoundation, Intermediate and Final levelsto become a qualified Cost and WorksAccountant. Students can either pursuethis degree after Class XII or can finishtheir graduation and sit for the Intermedi-ate level directly.

Company Secratary: A company secre-tary’s job profile today would typicallyencompass corporate restructuring, for-mulating corporate policies, managingpublic issues, mergers and acquisitions,joint ventures within and outside India.Curiosity and an eagerness to under-stand, analyse and interpret complex andtechnical legal issues are requisites forpursuing this course. A general interestin economics, business and finance andexcellent communication skills areadded advantages. To be a CompanySecratary a student can either join thecourse conducted by the Institute ofCompany Secretaries of India for CSafter Class XII or after graduation. A can-didate who wants to pursue the CompanySecretaryship course under the newscheme of examination has to completethe following three stages:■ Foundation Programme ■ Executive Programme■ Professional Programme After qualifying for the professional exami-nation and on successful completion oftraining, a candidate can be an AssociateMember of the ICSI and can use the lettersACS after his/her name i.e. Associate Com-pany Secretary.Other options: Those completing Plus IIin commerce stream may also apply forprofessional courses like the five-year inte-grated law degree course, or the three orfour-year hotel management degree courseor Bachelor of Fine Arts in fine arts/ appliedart or an undergraduate programme indesign, fashion design or allied pro-grammes that are suitable for those withaptitude for drawing/ sketching.

— The writer is Career Expert, Meritnation.com

The numbers game for a commerce student begins with the cut-off percentage thathovers between 95 and 100 for good colleges. A wide range of courses opens up a hostof possibilities for a biz whiz

Business of Numbers

BCom/BBA■ Shri Ram College of Commerce,

New Delhi

■ St Xavier's College, Kolkata

■ Loyola College, Chennai

■ Christ University, Bangalore

■ Narsee Monjee College of Commerce

and Economics, Mumbai

■ Shaheed Sukhdev College of Business

Studies, Delhi University

■ Madras Christian College, Chennai

■ Symbiosis Centre of Management

Studies, Noida

Chartered AccountancyThe Institute of Chartered Accountantsof India

Indraprastha Institue of Finance andAccounts, New Delhi

Cost and Works AccountancyThe Insitute of Cost and WorksAccountants of India

Company Secratary The Institute of Company Secrataries ofIndia, New Delhi

Loyala College, Chennai

FRIDAY | APRIL 18 | 2014THE TRIBUNE GUIDE TO BEST COLLEGES Commerce08

YOU NEVER HAVE TO CALCULATE YOUR CHANCES OF SUCCESS AFTER CHOOSING COMMERCE STREAM

Maximising MathsACTUARIAL SCIENCE..

IF the commerce stream is your choiceand you are looking for a different andchallenging career course then check

out Actuarial science. This relativelynew field in India is well suited for com-merce students. It involves the study ofapplication of statistics and mathemati-cal methods that involve risk manage-ment in financial institutions like banksand financial sectors. Actuarial coursesinvolve application of mathematics andstatistical methods related to businessmanagement and insurance problems.The course study involves instructingstudents on quantitative and non quan-titative risk management, forecastingtheory, expansion of risk tables, comput-er assisted research, secondary dataanalysis, economic risks in the businesssector as well as insurance field.

A person who has completed his grad-uation in first class with mathematics orpostgraduates is well qualified for acareer in this field. One has to studyprobability, finance, statistics ad eco-nomics that helps in solving the prob-lems in any business facility.

There are a number of universities

that offer an undergraduate course andpost graduate courses in actuarial sci-ences. The candidate should have com-plete Class XII in the commerce stream.There are several colleges in India that

teach Actuarial science. One can opt fora graduate course BA in Insurance, orBachelor of Science in Actuarial science.The admission is based on the meritscored in the entrance exam held by thevarious institutions. Some of theentrance exams are:Institute of Actuaries of India entrance examActuarial society of India entrance exam

Where to study■ Amity School of Insurance and

Actuarial Science, Noida■ Guru Nanak Dev University■ Jaipuria Institute of Management

College Of Vocational Studies, DelhiUniversity , Delhi

Important websitesActuarial Society Of Indiawww.actuariesindia.orgInstitute of Actuaries - Londonwww.actuaries.org.ukInstitute Of Actuaries - Australiawww.actuaries.asn.auSociety Of Actuaries, USAwww.beanactuary.netInsurance Regulatory AndDevelopment Authority - Hyderabadwww.irdaindia.org

GRADUATION

COMMERCE

PROFESSIONAL DEGREES

■ Chartered Accountancy■ Chartered Financial Analysis■ Cost and Works Accountancy■ Company Secratary

■ Bachelor of Commerce ■ Bachelor of Arts (Economics) ■ Bachelor of Business

Administration

Aptitude and skillsYou are fit to take up commerce if you:

❚ Are extremely good at numbers

❚ Take active interest in analysing theeconomy, the share market

❚ Like studying about how to manage anorganisation, how to work on building agood economy, how to work and managea team etc.

❚ Have good reading and comprehensionskills and can analyse and interpret data.

STAR INSTITUTES (ALL-INDIA)

BANKING AND FINANCE..

THE massive growth in the banking sector has increased thedeamnd for bank professionals with ublic sector, foreign andmultinational banks recruit more and more MBA graduates,

CAs and CFAs to enhance their efficiency. There are specialisedcourses for students wanting to enter banking and finance sec-tor. For admission in a bachelor’s degree, the candidate musthave passed the higher secondary school certificate (Class XII)examination with commerce subjects such as accounts, mathsand economics. The duration for this course is three years.Some of the courses that students can check out are:■ Certificate Course in Banking and Financing■ Certificate course in Banking ■ Diploma Courses in Banking and Financing■ Diploma In Banking Services ■ Bachelor of Commerce in Banking & Finance ■ Bachelor of Commerce in Banking Management Professionals in this sector usually work in commercial banks,mortgage companies, savings and loan establishments andcredit unions. Government agencies and companies also requirefinancial services professionals to manage their portfolios andstatements and also to audit and regulate other institutions.

Where to study■ Indian Institute of Banking and Finance, Mumbai■ Shaheed Sukhdev College of Business Studies,

University of Delhi■ Department of Financial Studies, University

of Delhi (PhD)

Sound Account

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