Commerce Vs Law, Which One Should I Study (Explained)

When it comes to choosing between law and commerce, people are often stuck in confusion.

Both fields are quite popular and rewarding.

However, one should always choose after research, as the differences between the two areas are quite profound.

Otherwise, you may end up in the wrong field

Here are some key differences and things to consider when choosing between law and commerce.

Should I study Law or Commerce?

You should consider studying Law if you enjoy researching and document analysis, critical thinker and passionate about achieving justice in society.  You should consider studying Accounting if you are interested in money management, financial records, and reporting.

Law is seen to be better than Commerce since its more prestigious, offers greater earning potential and in-demand profession than Commerce, making it easier for Lawyers to find work. That being said, Law school is harder and takes much longer than studying for a Commerce Degree.

The answer to this question lies in a person’s interests in any of the two fields.

Both fields can offer a rewarding career; however, that depends on how well you can adapt to the domain you choose.

Perhaps the best way to identify and find your interests is by knowing the differences between the two fields, giving you a deeper insight.

You can then make the right decisions by keeping job prospects, salaries, and, most importantly, your interests in mind.

In a nutshell, commerce is the activity that includes buying and selling goods on a large scale.

However, it’s not limited to just the sale of goods but includes accountancy, foreign investment, feasibility studies, procurement, logistics, and many other things.

While you can easily start a business with your knowledge of commerce, it’s also possible to pursue great careers.

Experts in commerce are needed for jobs like an economist, company secretary, and accountant.

An expert in commerce can earn about $70,000 or more.

However, as the study of business is the stepping stone to commerce, one has to be proficient enough in all aspects of business-related studies to succeed.

You will also need to cultivate essential skills, such as analytical skills, problem-solving, leadership, and most importantly, you’ll need excellent numeracy skills.

It’s also good to know about business-related laws, which is one similarity between law and commerce.

So let discuss Law 

The field of law is an entirely different one and does not have much to do with commerce.

Attorneys are experts in legal matters and procedures, whereas accountants are experts in numbers, keeping count of a company’s income and expenditure, tax codes, and regulations.

Hence why, to pursue any of the two fields, you’ll need to get a completely different educations.

The primary job of a person in the field of law is to regulate law and provide justice to different types of people under several different circumstances.

Moreover, the area of law is quite vast and encompasses a variety of different sub-fields.

Common, civil, equity, criminal, and administrative law, are a few types of law that you can pursue.

The median salary of lawyers is currently $126,930, which is quite rewarding as compared to that of commerce professionals.

Moreover, you’ll need a different set of skills to succeed as a lawyer.

Oral and written communication skills are perhaps the most important, while confidence, leadership, problem-solving, and negotiation skills are also needed.

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Study Law harder than Commerce? (Explained)

Studying Law is harder and much more demanding than Commerce. Law requires a vast amount of information and long hours required to study compared to Commerce.

However, the degree of difficulty between the two fields is also dependent on your abilities and interests.

Some people find law easier, while others prefer commerce as a better choice.

Even though the answer to this question is subjective, some factors contribute to the difficulty of the two fields.

When it comes to the law, one should have an interest in extensive learning and research of previous as well as current laws.

Moreover, law graduates also have a good understanding of history through hours of reading and memorization daily.

So, expect a lot of reading if you aspire to become a lawyer.

As a result, becoming a lawyer of any type is considered extremely time-consuming, as there’s a lot to learn.

Typically, it takes people four years of undergraduate study coupled with three years of law school.

More importantly, it will take you about $85,000 for three years of law school in a public institution, while private institutions are even more expensive.

Moreover, you’ll also need to prove yourself as an excellent lawyer by working hard over many years to become a successful lawyer.

While pursuing a career in commerce, you’ll first need to at least gain a bachelor’s degree.

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Compared to a law degree, a commerce degree is much cheaper, allowing you to complete your education efficiently.

Moreover, unlike a law degree, you won’t need an extra three years of education, as there’s much less to learn in a commerce degree.

As a result, you’ll save both time and money.

However, even though the volume of knowledge needed is less in commerce, the topics of commerce might be more complex than those of law.

Commerce experts, such as accountants, require a good understanding of mathematical concepts.

Final Thoughts

Law is seen to be better than Commerce, since it is more prestigious, pays higher wages and in greater demand. 

In the end, it all narrows down to what attracts you most and fits perfectly with your skills, requirements, and abilities.

While some people might be willing to spend sleepless nights learning law concepts, others like to deal with numbers more.

Both fields have different opportunities and rewards while also having several difficulties that you need to consider.

So, make sure to go through every difference and factor mentioned above to make the right decision for your future

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