What are the things that all Commerce graduates must know?

Here are 10 points every commerce graduate must remember:

1. MBA is not necessary to advance your career.
2. Do not opt for CA if you are not confident about accounting yet.
3. Banking jobs are highly respectable. Do not underestimate them.
4. For any higher studies, make sure you have job experience first.
5. Improve on Excel, Word and Tally. That is the least you can learn.
6. Do not do MCA just because you want to become software engineer. You can learn coding outside.
7. Take up any job you get. A small accounting firm or Big 4. Experience counts everywhere.
8. Do not waste your year in planning. Practicing for competitive exams is the best way to spend your time.
9. If you wish to get into teaching field, M Com is a better option than other Masters. Also, work on your PhD topic in parallel.
10. You are not late for anything. There is huge respect for B Com graduates in every field. You can become IAS officers, get into IIMs, become CEOs. Do not feel inferior to Engineers.

The basics to know are the tools of business. Accounting. Marketing. Finance. Strategic planning. Statistics. Management theory and practices. I'd expect Commerce graduates to be familiar with these disciplines