Overview of Commerce
Commerce courses focus on the financial, economic and business systems that support the exchange of goods, services and currency. The field of commerce encompasses processes that govern the development and conversion of commodities and wealth from producer to consumer.
All businesses, financial organisations and governments rely on experts in commerce. Many who have studied at university find work at large companies that require their financial and commercial business advice.
Courses in commerce are best studied at university in the form of a bachelor’s degree. A Bachelor of Commerce will enable you to study commerce in a broad social context, but it also exposes you to various specialisations that you may wish to pursue in a career or in postgraduate study.
Usually three years in duration, degrees in commerce can lead to covering areas such as marketing, accounting and finance. A major in one of these various fields can be a good way to specialise and advance your career. A Master of Commerce covers increasingly more complex areas of study such as international business, business law, banking and entrepreneurship.
Careers in Commerce
Graduates of commerce work in many different sectors of finance. Some become accountants and finance managers while others might become stock market analysts and investment bankers. Work can be with private companies, banks, consultancies or the government.
Skills needed in Commerce
The key to a career in commerce is the ability to research and analyse data, information and statistics. As much of these will come in the form of numbers, it is greatly beneficial if you have a pre-existing affinity for mathematics. Problem solving and management skills are also greatly useful in formulating commercial strategies, while communication skills are vital to operating in a team and client-based environment.