Practical subjects need to give students good exposure in using various tools and software applications relevant to commerce and management education.Open elective courses offer knowledge and skills in diverse areas thereby creating an opportunity for holistic education and Specialisation (major) subjects to create a focus on various functional areas. Education in Commerce and Management need to be Outcome-Based Education at Undergraduate and Postgraduate levels with provision for Choice Based Credit System (CBCS). Another important aspect in developing and designing a curriculum is the involvement of industry partners. As a result the importance of Commerce education has been increased many folds. Field-based projects are also an important component of the curriculum which gives the student an exposure to understand different problems of the society or also understand various business challenges better. Challenges and Strategies in Currency Market in International scenario. A graduate in Commerce can also opt careers in financial services as a Financial Consultants, Stock Brokers, Merchant Bankers, Budget Consultant, Financial Portfolio Manager, Project Formulation Manager, Tax Consultants. Commerce education had developed to support the growing needs of business houses. embedded in the curriculum will provide students an opportunity to complete their degree along with a professional certification, which will provide them with additional skills and knowledge when they approach the corporate world. However, over the years, there has been a fundamental shift in the very approach of commerce education; from a professional to a theoretical education. Change in reforms are placed in such a way that learning outcomes bring the highest quality, equity and integrity into the system right from schooling up to higher education. OPPORTUNITIES IN COMMERCE EDUCATION Dr. Tushar Chaudhari Assistant professor, Seth Kesarimal Porwal college kamptee. 7 of 2014 of State Legislature of Govt. To avail the advantage of Commerce, a lot of educational institutions have been opened to educate students in the field of Commerce with more knowledge on practical. Core subjects can be a blend of theory and practical subjects. To meet the growing needs of the business society, there is greater demand for sound development of commerce education. By Dr Sandeep Shenoy, Head, Department of Commerce, Manipal Academy of Higher Education, Read: How NEP 2020 plays a turning point for B-schools, Read: NEP 2020: A roadmap to make India emerge as a knowledge superpower, Not votes in election but top lawyers in courts, what Congress offers allies | Opinion, Is 2020 the worst year for civilisation? At the Department of Commerce, we have introduced economic studies as a major in the undergraduate curriculum of the business administration program and at the postgraduate level, it is offered through two-year programmes focussed on careers in Finance and Healthcare sector. Commerce education is that area of education which develops the required knowledge, skills and attitudes for the handling of Trade, Commerce and Industry. Academic flexibility manifests when credit transfer between Universities happens seamlessly and students have the option to explore opportunities for learning with different universities by spending a semester with them. Madhav University. The recent Commerce education has emerged in the form of Chartered Accountant, Cost and work accountant, Company Secretary and Business administrator. A graduate in commerce with specialization in Banking & Finance will have an opportunity in Banks and Insurance companies. Outcome-based education defines Program Educational Objectives (PEOs), Program Objectives (POs) and Course Objectives (COs) for every … This education stresses on developing the people and making effective use of available resources. Commerce education is a totally different from other disciplines. Department of Commerce, MAHE has incorporated this structure in all its programs at Undergraduate and Post Graduate levels which has been very beneficial for all its stakeholders. The School of commerce should play pivotal role in equipping our future dynamic managers with the emerging trends of Commerce skills to face the challenges of dynamic business world. Starting interdisciplinary programs like Business Analytics, Financial Economics, Health Economics and Creative and Digital Marketing is a need of the hour. Another practice that may be useful in a seamless transition from campus to corporate is by introducing bridge courses on professional skills that lays emphasis on problem-solving, analytical thinking, critical thinking and design thinking which are the most preferred creativity imperatives that the workforce of today are expected to demonstrate. Challenges & Opportunities in Commerce Education. As it is considered as one of the most popular career options in India. Through teaching, research, and service, the College of Commerce is dedicated to developing tomorrow's leaders, managers, and professionals. Designed by: "the brainhub | TECHNOLOGIES", Department of Computer Science & Engineering, Department of Electronics & Communication Engineering, Faculty of Education & Physical Education, Faculty of Physiotherapy & Paramedical Sciences, Madhav Homoeopathy Medical College and Hospital, Madhav Ayurvedic Medical College & Hospital, Madhav Naturopathy & Yoga Medical College & Hospital, Department of Library and Information Science, Few Vacant Seats in the following subjects, Ph. Problem Based Learning needs to be integrated into the curriculum for a better understanding of various concepts in business and commerce. A graduate in commerce had ample opportunities as he can join any private institute or government organization as a specialist in any of the Commerce stream and they can also pursue professional courses such as Company Secretary, Chartered Accountant, and ICWA. This is a very important component in a curriculum as it helps the student to understand the education system in multiple countries, get to meet a diverse set of students and also experience the business environment in other economies. A graduate in commerce will with specialization in Banking & Finance will have opportunity in Banks and Insurance companies. Apart from offering different courses, the curriculum needs to have practical exposure to the theoretical learnings in the classroom and simulations in the lab. This education system is student-centric and also focusses on meeting industry and societal requirements. At the Department of Commerce, MAHE, we have embedded this option in most of our programs which has led to academic exposure of students to international education. Hence, it must charter new routes to service the aspirations of the nation. Commerce education is the backbone of the business and serial development of the nation. COMMERCE Commerce includes all those activities, which directly or indirectly facilitate the exchange of goods and services. The focus of the policy is in offering multidisciplinary and holistic education by imbibing knowledge of various arts (popularly known as liberal arts) in the curriculum. The National Education Policy 2020 envisages inclusive and equitable quality education while aiming to address the growing developmental imperatives of our country. There are ample of opportunities in Commerce Education such as; Save my name, email, and website in this browser for the next time I comment. It is imperative that with changing curriculum and industry expectations, industry partners need to provide rigorous training to faculty on domains relevant to their business, the learnings of which can be transferred to the students thereby reducing their training requirements, by making them industry-ready. The relevance of commerce education has become more imperative, this means a marked change in the way commerce and management education is perceived in India. Commerce education is that area of education which develops the required knowledge, skills and attitudes for the handling of Trade, Commerce and Industry. To conclude, it is important that any Commerce or Management curriculum needs to focus on developing a well-designed academic structure with continuous revamping at periodic intervals and deployment by a dedicated faculty team which lays emphasis not only making the students academically brilliant but also facilitates transforming them into true leaders and team players by empowering them with the necessary skills to excel in the corporate world. Global issues in economy, commerce and management. 1.
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