Commerce in Abroad

commerce-in-abroad

Overview

As a field of study, commerce has evolved tremendously and gained immense popularity among students worldwide. In today's globalised economy, pursuing commerce courses abroad has become attractive for individuals looking to expand their knowledge and explore international career possibilities.

It is one area where business transcends geographic boundaries to pave the way for extraordinary opportunities and transformative experiences.

Studying the world of business abroad is like entering a grand marketplace of ideas and possibilities, where diverse languages, customs and currencies interact in a symphony of exchange. A region attracting entrepreneurs, visionaries and adventurers alike, inspiring them to chart new paths, forge international partnerships and seize untapped potential beyond familiar shores.

As a venture into the field of commerce abroad, the essence of business takes on new dimensions, promoting and expanding the market economy.

This comprehensive guide highlights various aspects of commerce education abroad, ranging from important features of commerce courses abroad to salary potential after graduation. Whether you are considering the United States, the United Kingdom, Australia, Canada, New Zealand or Europe as your study destination, this guide will equip you with the information you need to make an informed decision about pursuing commerce education abroad.

Commerce Courses in Abroad - Important Highlights

Commerce education abroad encompasses a wide range of programs tailored to equip students with business acumen, analytical skills, and financial expertise. The courses cover diverse disciplines such as accounting, finance, economics, marketing, and international business. The commerce courses in abroad include a rigorous curriculum, practical exposure, industry-relevant skills, global perspectives, networking opportunities, and the chance to immerse oneself in a multicultural environment.

Below, you can check the important highlight of Commerce education in abroad.

Particulars Statistics
Course Name Commerce
Total number of Universities 1500+
Top positions after commerce Course Marketing Manager, Company/Corporate Secretary, Actuary, Investment Banker, Personal Financial Advisor, Research Analyst, Entrepreneur
Exams required GRE, SAT, GMAT, IELTS, TOEFL, and ACT
Average Visa Cost for Commerce Courses Abroad Depending on the Country
Scholarships Oxford and Cambridge Society of India (OCSI) Scholarships, Castle Smart Scholarship, Melbourne International Undergraduate Scholarship, AUT International Excellence Scholarships, QS Undergraduate Scholarship
Top Universities by Ranking Harvard University, University of Toronto, Edith Cowan University, Stanford University, Yorkville University, Imperial College London, New York University, Northwestern University, Princeton University

Why Study Commerce Courses Abroad?

There are many reasons to study commerce courses in universities abroad, from high-quality education to career opportunities & personal development. Every year many students choose to study abroad for commerce courses such as marketing, business, accounting, and many more. The abroad study opens up doors to various jobs in the market.

Candidates who completed their studies in the field of commerce can apply for all the job openings as per their eligibility requirements.

Below, you can check why students select to study commerce in abroad.

Global Exposure: Learning about commerce-related courses in abroad exposes students to a variety of cultures, business practices, and global viewpoints, preparing them for opportunities in a worldwide job market.

High-Quality Education: Reputable international institutions provide first-rate facilities, staff, and resources for high-quality business education.

Career Opportunities: Graduates of international business programmes frequently have access to a wide range of employment options and increased earning potential in the global labour market.

Networking Possibilities: Students have the chance to develop a significant global network while studying abroad, which fosters important connections for future professional development.

Personal Development: Living abroad brings self-development, independence, flexibility, and intercultural communication abilities.

Language Proficiency: Language competency may be improved through immersion in an English-speaking environment, which is a valued advantage in the corporate sector.

Practical Experience: Many international business programmes strongly emphasise practical learning through case studies, internships, and industrial projects.

Cutting-Edge Curriculum: International educational institutions provide cutting-edge instruction that is current with market trends and advancements.

Development of Soft Skills: Studying abroad encourages the growth of soft skills, including leadership, teamwork, critical thinking, and problem-solving.

Expanded Perceptions: Exposure to other business settings and economic systems broadens perceptions and facilitates a more in-depth comprehension of international trade.

Eligibility to Pursue Commerce Abroad

The requirements for enrolling in commerce courses abroad may change based on the location of the destination and the particular university or programme. However, the following are some requirements to pursue commerce courses in abroad.

Academic Standards for Indian Students: To pursue a bachelor's degree in the commerce field, students must hold a 10+2 class certificate from an accredited university or institute. Candidates for a master's degree hold a graduate degree.

Exam to Get Admission in Commerce Courses: Students who wish to attend institutions abroad must demonstrate their English language ability through exams like the IELTS and TOEFL. Additionally, some universities may require standardised test scores like the SAT or ACT, while others may have specific prerequisites for commerce programs.

Required Documents: To register for commerce courses abroad, some documents e required, such as academic transcripts, letters of recommendation, a statement of purpose , etc.

Study Commerce in Abroad Universities

Many institutions throughout the world provide commerce courses that take into account the various interests and professional objectives of students. The following are prominent institutions known for their commerce education, ensuring a holistic learning experience for students.

Study Commerce Colleges Abroad – Top Colleges as per QS University Ranking 2024
University Location QS World University Rankings by 2024
Harvard University Cambridge, United States 1
Massachusetts Institute of Technology (MIT) Cambridge, United States 2
Stanford University Stanford, United States 3
University of Oxford Oxford, United Kingdom 4
University of Chicago Chicago, United States 5
University of Cambridge Cambridge, United Kingdom 6
The London School of Economics and Political Science (LSE) London, United Kingdom 7
University of Pennsylvania Philadelphia, United States 8
University of California, Berkeley (UCB) Berkeley, United States 9
New York University (NYU) New York City, United States 10

Check the list of top universities offering commerce-related courses as per QS ranking by subjects.

Study Commerce Colleges Abroad – Top Colleges as per QS Subject Ranking
University Location QS Ranking for Economics & Econometrics QS Ranking for Business & Management Studies QS Ranking for Accounting & Finance QS Ranking for Marketing
Harvard University Cambridge, United States 1 1 1 -
Massachusetts Institute of Technology (MIT) Cambridge, United States 2 5 2 3
Stanford University Stanford, United States 3 4 2 2
University of Chicago Chicago, United States 4 19 5 -
University of California, Berkeley (UCB) Berkeley, United States 6 12 9 11
The London School of Economics and Political Science (LSE) London, United Kingdom 7 11 7 15
University of Oxford Oxford, United Kingdom 9 9 4 -
University of Cambridge Cambridge, United Kingdom 12 8 6 4
University of Pennsylvania Philadelphia, United States 13 6 8 1
Northwestern University Evanston, United States 14 14 29 5
Bocconi University Milan, Italy 16 7 17 8
University of Toronto Toronto, Canada 18 28 15 13
The University of Melbourne Parkville, Australia 40 37 23 17
University of British Columbia Vancouver, Canada 22 39 29 18
New York University (NYU) New York City, United States 11 16 10 19
Columbia University New York City, United States 10 20 11 7

List of Commerce Courses in Abroad

Abroad universities provide various courses in the field of commerce. Candidates who want to make their career in commerce courses can apply for the following courses after satisfying the eligibility criteria.

  • Bachelor of Commerce (B.Com)

  • Bachelor of Business Administration (BBA)

  • Bachelor of Accounting

  • Bachelor of Finance

  • Bachelor of Economics

  • Bachelor of Marketing

  • Bachelor of International Business

  • Master of Commerce (M.Com)

  • Master of Business Administration (MBA)

  • Master of Finance

  • Master of Accounting

  • Master of Economics

  • Master of Marketing

  • Master of International Business

  • PhD in Commerce

Commerce Abroad Fees Structure and Living Cost

If you are planning to study abroad, then it is very important to understand the course fee and living costs. Here, we have provided the approximate fee structure and living cost of popular study destinations for commerce courses.

It is important to know that education fees can vary depending on your university, course level and study area.

Commerce Abroad Fees Structure and Living Cost
Country Name Tuition Fees Living Costs (per year expected)
United States $20,000 - $30,000 $8,000 to $18,000
United Kingdom £15,000 - £18,000 £10,000 to £13,000
Australia AUD 30000 – AUD 40,000 AUD 21,041
Canada CAD 20,000 – CAD 30,000 CAD 10,000 to CAD 15,000
Europe (varying by country) EUR 300 - EUR 3500 EUR 6,000 to EUR 8,000
New Zealand NZD 30000 – NZD 40,000 NZD 20,000

Student Visa Cost for Commerce Courses Abroad

It is crucial to consider visa costs when pursuing a business degree overseas. Each nation has a different visa application procedure and related fees. Here is an illustration of the range of student visa fees for business courses in well-liked study locations:

United States: The cost of obtaining a student visa to study commerce-related courses in the United States is around $350. Student and Exchange Visitor Information System (SEVIS) fees of $185 may also be due by students.

United Kingdom: A Tier 4 (General) student visa in the UK runs around £348. The IHS (Immigration Health Surcharge) is £470 annually.

Australia: The cost of applying for a student visa to study commerce education in Australia is around AUD 715. Students' visa requirements may also include paying for medical care and health insurance.

Canada: Canada charges over CAD 150 for a student visa. Biometrics will cost an additional CAD 85. The cost of medical examinations and documentation for financial aid may also be requirements for students.

Europe: The price of a student visa application might range from EUR 90 to EUR 150, depending on the nation you desire to visit to study for the Art & Design degree.

New Zealand: The cost of applying for a student visa in New Zealand is around NZD 375, according to New Zealand Government rules.

Scholarships For Commerce Courses Abroad

For overseas students pursuing commerce degrees, several scholarships and financial assistance alternatives are available to lessen the financial strain of studying abroad. These awards may be merit-based, need-based, or restricted to particular institutions or nations. The following are a few major scholarships.

  • AUT International Excellence Scholarships

  • Oxford and Cambridge Society of India (OCSI) Scholarships

  • Melbourne International Undergraduate Scholarship

  • Castle Smart Scholarship

  • QS Undergraduate Scholarship

Studying and applying for scholarships early is best because deadlines and requirements might change.

Salary after Commerce Courses Abroad

The chance of a job after graduation is a major factor for students choosing to study business overseas. Here are the expected earnings for commerce graduates in well-liked study-abroad locations.

United States: Entry-level earnings vary from $40,000 to $60,000 annually, while experienced experts can expect to make up to $120,000 or more.

United Kingdom: Entry-level pay is between £20,000 and £30,000 annually, with experienced professionals earning between £40,000 and £70,000 annually or more.

Australia: Entry-level pay in this country is from AUD 40,000 to 60,000 annually, with experienced professionals earning AUD 70,000 to AUD 100,000 annually or more.

Canada: Starting earnings for entry-level positions vary from 40,000 to 60,000 CAD annually, with experienced professionals earning 70,000 to 100,000 CAD annually or more.

New Zealand: Entry-level pay is between NZD 40,000 and NZD 50,000 annually, with experienced professionals earning NZD 70,000 to NZD 100,000 or more annually.

Europe: Salary levels in different European nations might differ greatly. Experienced experts make at least €50,000 per year, while entry-level incomes vary from €25,000 to €45,000.

Note: Salary ranges mentioned are approximate and can vary based on factors such as job role, industry, experience, and location.

Conclusion

The opportunity to pursue commerce education abroad offers up a world of possibilities, enabling students to get exposure to different cultures, broaden their knowledge, and build the skills necessary for a successful profession.

Studying commerce courses abroad provides a transformational educational experience, including top-notch instruction, global networking possibilities, various course choices, and future career chances. Before choosing a choice, conducting an in-depth study and carefully assessing the unique needs, expenses, and future possibilities is essential. A commerce study abroad may be a stepping-stone to a fruitful and gratifying professional career with the correct preparation and direction.

We hope the above information on commerce courses abroad will be helpful for you.

If you are unsure or want deeper insight, we encourage you to speak with our expert counsellors at Meridean Overseas Education Consultants (MOEC).

If you cannot travel to our offices, we offer online counselling services via our website. Our dedicated counsellors will provide the best guidance regarding your application to study abroad at universities. Don’t hesitate to contact us at application02@meridean.org or call us at 1800-1230-00011.

If you found this information useful, please share it with your friends looking to study abroad.

FAQs

Overseas students who want to pursue commerce studies abroad must have a 12th, bachelor’s or master’s degree certificate as per their course level.

Yes, many countries such as the USA, UK, Australia, New Zealand, and Germany offer international students to work part-time on-campus and off-campus.

It will depend on your course level and the country where you want to study. Generally, the bachelor’s degree courses are 3-4 years, and the master’s degree takes 1-2 years to complete.

Yes, abroad universities provide opportunities to do an internship with top-notch companies.

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