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A Beginners Guide to Study Abroad After 12th Commerce

17 Jan 2025
3 min read

Do you want to study abroad after 12th Commerce? It can be overwhelming to select the right course to study abroad after completing 12th Commerce. But, if you focus on high-salary fields, there are numerous options to find out. Commerce provides a strong foundation in Economics, Management, Business, Finance, and Accounting. Many universities abroad provide top-notch education in these fields, often at affordable prices. Scholarships are also available for brilliant students. Scholarships also expand the list of courses after 12th Commerce with the potential of higher-salary. 

Why Study Abroad After 12th Commerce?

Thinking about high-salary foreign courses after 12th Commerce? Below are some reasons why you should consider studying abroad. 

  • Develop your course alternatives: You can explore numerous universities specializing in management, accounting, finance, and business. You might find exceptional programs that are not accessible in your native country. 
  • Gain a global edge: You can experience various cultures and teaching styles. This global outlook will make you a more well-rounded expert.
  • Develop specialized skills: You can pursue specialized certifications and programs unavailable at home. This makes you a more desirable applicant in the industry.
  • Stand out to employers: An international degree adds value to your resume. Most companies value intercultural skills and global exposure.

Here is a list of destinations abroad for pursuing education after 12th Commerce. 

Country Top Colleges (QS World University Rankings) Courses
United Kingdom
  • Manchester Business School (41st)
  • Warwick Business School (67th)
  • University of Oxford Said Business School (10th)
  • London Business School (3rd)
  • International Business
  • Accounting
  • Finance
  • Management, Business Administration
United States
  • MIT (5th)
  • Wharton School of the University of Pennsylvania (6th)
  • Harvard Business School (1st)
  • International Business
  • Marketing, Accounting
  • Finance, Business Administration
Germany
  • ESMT Berlin (151st - 200th)
  • Mannheim Business School (101st - 150th)
  • TUM School of Management (47th)
  • WHU – Otto Beisheim School of Management (51st - 100th)
  • Entrepreneurship, International Business
  • Management, Finance
  • Business Administration
Singapore
  • LKCSB (45th)
  • Business School (NTU NBS) Singapore Management University (19th)
  • Nanyang Technological University Nanyang (15th)
  • NUS Business School (12th)
  • Analytics, Marketing
  • International Business
  • Finance, Business Administration
Australia
  • Monash Business School (36th)
  • University of New South Wales (34th)
  • University of Melbourne (30th)
  • Accounting, International Business
  • Marketing, Finance
  • Business Administration

Choosing the Right Course and University for Commerce Students

You need to take several factors into account when choosing the right course and university for your education in the commerce stream.

Course Specialisation:

Your career aspirations should guide your choice of specialization. For example, if you're interested in finance, look for universities that have strong finance programs. Research the course curriculum to check whether it fits with current and future industry trends.

University Reputation:

A university's reputation makes all the difference to the quality of education and opportunities. Look into global and national rankings, accreditation, and academic achievements. Explore former student reviews, alumni success stories, and feedback on faculty.

Affordability:
Studying abroad is bound to be expensive, so budget planning is crucial. Compare tuition fees across public and private universities. Evaluate living expenses in different countries and in the cities to find the best fit. Look into scholarships, grants, and financial aid options available for commerce students.

Post-Graduation Opportunities:

Research universities with strong placement records and connections with top recruiters in commerce fields like accounting, business analytics, or marketing. Look into alumni employment rates, their salary packages, and industries they’re working in.

Location and Campus Life:

A university's location can impact your lifestyle, networking opportunities, and even internships. Urban campuses can offer more industry exposure, but quieter locations are more affordable. Strike a balance between cost and opportunities once you graduate.

Global Exposure and Partnerships:

Many universities offer exchange programs or partnerships with institutions in other countries. Such programs can provide global exposure.

Required Entrance Exams for Commerce Students

Pass one of these exams to study foreign courses after 12th Commerce- 

  • TOEFL/IELTS: It’s an English language proficiency skill test. 
  • ACT/SAT: This test is needed for undergraduate courses in the US. 
  • GMAT: You must pass the GMAT for specialized Commerce courses abroad, like management or business. 
  • Country-Specific Exams: You must also pass exams like CASPer for Canada or UCAS for the UK. 

Application Process for Commerce Students

Do proper planning before applying to abroad courses after 12th Commerce -

  1. Prepare Necessary Documents:

Having the right documents is a must for a successful application. Common requirements include:

  • Academic Transcripts: Certificates and mark sheets from your school.
  • Letters of Recommendation (LORs): These should highlight your academic strengths and potential. It should be written by teachers or mentors.
  • Statement of Purpose (SOP): A well-crafted SOP is your chance to showcase your motivation, career goals, and why you’re a good fit for the course and university.
  • Standardized Test Scores: If required, include your scores from tests like IELTS, TOEFL, or SAT.
  • Additional Documents: Some universities may also ask for a resume, portfolio, or proof of extracurricular achievements.
  1. Complete and Submit Applications:

Carefully read the application guidelines provided by each university. Make sure to follow the specified formats for documents and pay close attention to deadlines.

  1. Pay Application Fees:

Most universities charge a non-refundable application fee. Research the fee structure in advance and pay through acceptable methods like credit cards, bank transfers or online payment gateways.

  1. Track Your Application Status:

After submitting your application, stay alert by regularly checking your email and the university’s application portal. Universities often communicate additional requirements or updates, such as interview invitations or missing documents.

  1. Prepare for Acceptance or Rejection:

While waiting for results, begin preparing for the next steps. If accepted, familiarize yourself with visa requirements, accommodation options, and the enrollment process. If rejected, don’t be discouraged and move on to the next one.

  1. Seek Professional Guidance:

The process is daunting for some people so you can seek professional help online or in your city to get things done. However, be careful to thoroughly vet the service. 

Scholarships and Financial Aid for Commerce Abroad Study

Abroad studies can be costly. But you don’t need to worry about the finances. There are scholarships and financial support programs to aid you in accomplishing your dreams-

  • Merit-Based Scholarships: Some celebrated universities grant merit-based scholarships. Students with brilliant performance and marks can obtain this scholarship. 
  • Government Grants: Many countries’ governments offer monetary help for international students.  
  • Private Trusts: Organisations like the Tata Trusts grant scholarships for Indian apprentices.
  • Work-Study Programs: This program allows you to do part-time jobs and earn money.

Visa Process for Commerce Students

It is extremely important to secure a student visa. It is the next step for your Commerce study abroad - 

  1. Acceptance Letter: Get an admission letter from your chosen university.
  2. Documentation: Submit crucial documents like academic records, passports, and proof of finances.
  3. Visa Interview: Prepare carefully for questions regarding your study plan.
  4. Fees: The final step is to pay the visa application fees.

Living Abroad as a Commerce Student

It can be difficult for you to adjust to a new country. It can also be thrilling in many ways- 

  • Housing Choices: You can seek homestays, shared rooms, or dormitories.
  • Cultural Adaptation: You can improve your experience by participating in local activities to feel relaxed and at home.
  • Budgeting: Keep tracking your outlays for study materials, travel, and food.

Career Opportunities After Studying Abroad for Commerce Students

There are abundant career paths to explore after completing your studies abroad. 

  • Global Jobs: Show your global experience in your resume for better international job opportunities. 
  • High-Paid Jobs: You can find some of the most high-paid jobs in fields like accounting, entrepreneurship, and investment banking. Some sought-after positions include: 
Job Title Average Salary (USD)
Investment Banker $100,000 - $150,000+
Chartered Accountant $60,000 - $120,000
Management Consultant $90,000 - $120,000
Corporate Lawyer $150,000 - $250,000+
Data Scientist $80,000 - $180,000
Financial Analyst $70,000 - $120,000
Marketing Manager $75,000 - $120,000
Tax Manager $90,000 - $150,000

Entrepreneurship Opportunities: You can use your international network to start your own business.

Common Challenges and How to Overcome Them

There are some challenges you might face after studying abroad -

  • Homesickness: It is the most common issue. You can resolve this issue by frequently connecting with your family and friends. 
  • Cultural Differences: You can easily overcome the problem of cultural differences by learning local customs and embracing diversity. 
  • Language Barriers: Prevent the language barrier by improving your language skills.
  • Financial Management: You can manage your finances by creating a budget and following it.

Conclusion

There are plenty of abroad courses for Commerce students and the time is right to invest in one and start your career path. Going abroad after 12th is not just about getting an education; it’s about growing professionally and individually, exploring new cultures, and stepping into a world of many opportunities. This article outlines some of the considerations before you make your decision. Be sure to also talk to your mentors and network with others who have already done what you are planning online to get a bigger perspective.

Frequently Asked Questions

1. How can I Deal with Money and Expenditure while Studying Abroad?

The best way is to seek reasonable living options, work-study programs, and scholarships.

2. Which Nations are best for Commerce Students?

You can seek destinations like the UK, USA, Singapore, Australia, and Canada.

3. What Entrance Exams are needed for Commerce Abroad study?

You must pass entrance exams like the SAT, TOEFL, country-specific tests, ACT, and IELTS.

4. Can I Study Abroad after 12th Commerce for free?

Yes. Many governments and universities provide financial help programs and scholarships to aid your education.

5. Which are the Finest degrees to Study Abroad after 12th Commerce?

BBA, B. Com, and BMS are some of the finest degrees.

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