Bachelor of Commerce (B.Com.)
The B.Com. or Bachelor of Commerce course is a three-year UG course recognized by the Universities Grants Commission (UGC). In addition to the full-time delivery mode, you can also take a BCom distance learning or B.Com. online course. B.Com. is one of the most popular Commerce Flow Grade 12 degree programs. According to AISHE reports, with a population of nearly 9.33 lakh, B.Com. was the third most popular course in India after Class 12. In addition to B.Com, applicants can also complete BCom (Hons) if they wish to deepen their knowledge in the field of commerce.
|Course Name||Bachelor Of Commerce|
|Course Level||Under Graduate (PG)|
|Course Duration||3 Years|
|Examination Type||Semester Based|
|Eligibility Criteria||Candidates should have passes 12th with Mathematics and English as compulsory subjects|
|Admission Process||Merit Based/ Entrance Based|
|Entrance Exams||BHU UET, CUET, DUET|
|Course Fee||INR 7.5k to INR 1 LPA|
|Average Annual Salary||INR 4.5 LPA|
|Top Recruiting Companies||Ernest and Young, LIC, HDFC, Deloitte, Punjab National Bank, Citibank, SBI, KPMG|
|Job Profiles||Accountant, Banking, Taxation, Business, Management, Chartered Accountant, Company Secretary|
Why Study B.Com. ?
The growing fintech sector, investment funds and insurance companies offer a wide range of opportunities in the financial sector. B Com graduates have prospects in finance and banking. After B Com, many students go into sales, which is also a lucrative field. With experience, there is plenty of room for developing business services across all industries. Students who are interested in finance or economics will also find many opportunities.
Specialization of B.Com.
There are many specialization courses under the umbrella of the B.Com. degree, making graduates of this course strongly work-oriented. Below are some of the major specializations and a list of B.Com. courses:
Here is a list of some of the specializations offered at the B.Com.
|Accounting and Finance||Investment Management|
|Auditing||Human Resources Management|
|Banking and Insurance||Financial Market|
Below are the eligibility criteria for the B.Com. course:
- Applicant must have studied commerce in grades 11 and 12 with some compulsory subjects such as accounting, business administration, mathematics/elective and/or economics.
- Applicants must meet the minimum admission requirements set by the university/institute
Students can apply for admission offline and online. The offline admissions process requires students to go to the college admissions office, collect the application form, submit the details and pay the application fee. With the online procedure, students have to access the university portal, fill in the data on the application form and pay the enrollment fee online.
Skills Required for B.Com.
B.Com. graduates must have the skills that will help them succeed in their careers. The skillsets help graduates enter academia and help them develop into top performers.
Some of the skills that B.Com. graduates have are:-
- Analytical thinking skills
- Communication Skills
- Time Management
- Problem Solving
- Research Skills
- Interpersonal Skills
B.Com. fees can vary widely by college, department, and institution. B.Com. fees at public colleges are typically lower than private colleges. B.Com. Course fees range from 7.5 thousand. INR up to LPA 1 and may also vary depending on facility facilities and services.
|Name of College||Average Annual Fees|
|Jyoti Nivas College, Bangalore||INR 30K|
|Lucknow University||INR 50K|
|St. Xaviers College, Jaipur||INR 63K|
|St. Joseph's College of Commerce, Bangalore||INR 1.3 LPA|
|Jain University, Bangalore||INR 1.6 LPA|
Top Colleges Providing B.Com.
|Name of College||Average Annual Fee (INR)||Location|
|Shri Ram College of Commerce||INR 86,529 PA||Delhi|
|Parul University||INR 1.59 LPA||Vadodara, Gujarat|
|Lovely Professional University||INR 80,000 PA||Jalandhar, Punjab|
|Chandigarh University||INR 3.66 LPA||Chandigarh|
|St. Joseph’s College of Commerce||INR 1.33 LPA||Bangalore|
Jobs and Placements in B.Com
The Bachelor of Commerce degree attracts many vacancies from all over the world. Depending on the skills of the applicant, the Bachelor of Commerce salary may vary. Recruiting companies are willing to hire B.Com. graduates from reputable colleges/universities. Current economic trends also indicate that business graduates are preferred by companies over university and technical graduates. Business graduates have an advantage due to the current curriculum and exposure to a variety of courses.
As with public sector jobs, there are many private sector employment opportunities. B.Com. private sector jobs are more than public sector jobs. Some of the reputable organizations that employ B.Com. alumni are:
|Accountant||INR 2.5 LPA|
|Auditor||INR 2.7 LPA|
|Operations Manager||INR 7 LPA|
|Finance Manager||INR 12.5 LPA|
B.Com. jobs are very valuable in almost all government sectors. Most research institutes and academic institutes prefer B.Com. graduates. Government contracts for B.Com. graduates are very rewarding jobs for them. According to B.Com., the number of jobs and salaries in the public sector is good. Graduates with a B.Com. degree put their jobs to shame.
|Job Profiles||Salary per month|
|RBI Grade B Officer||1,08,404 per month|
|Company Secretary||INR 6 LPA|
|Clerk||INR 2 LPA|
Commerce, one of the most popular majors in India, offers students many career opportunities. And the scope of each of these subjects is much broader when considering studying abroad.
Top International Recruiting Companies who hire B.Com. graduates are:
- Ernst & Young
Some of the famous expert avenues open to successful graduates of the B.Com. degree are indexed underneath with the corresponding salaries provided for the respective positions.
|Job Profiles||Job Description||Average Salary in INR|
|Accountant||An Accountant allows groups make crucial monetary choices through collecting, tracking, and correcting the company's finances.||INR 2,50,000|
|Banking||A Banker's main job is to give financial advice to clients, especially on matters related to savings, investments, loans, and securities.||INR 3,00,000|
|Taxation||As a Tax Specialist, you may be answerable for getting ready all of the tax audits of the company.||INR 4,50,000|
|Chartered Accountant||A Chartered Accountant, or CA, makes use of their accounting knowledge to manual their client's financial plans and make sure all tax sports are compliant with provincial and federal regulations.||INR 7,00,000|
|Company Secretary||Company secretaries are typically responsible for: convening and providing administration for annual general meetings (AGMs) like producing agendas, taking minutes, conveying decisions and handling meeting correspondence.||INR 6,00,000|
Scope for B.Com
In today's job market, a B.Com. degree alone is not enough. Upon graduation, students are required to pursue higher education in economics, accounting, and finance. Courses like M.Com., MBA, CA, CS, etc. are good options for B.Com. graduates. B.Com. graduates can also prepare to apply for a job in the public sector. But even those looking to go straight into the workforce after completing a B.Com. degree can find a variety of junior jobs in accounting, commerce, banking and finance, and related fields.
B.Com.: Career Prospects
A career in commerce offers tremendous growth to the aspirants as the demand for professionals is always high. In the end, what counts is whether someone wants it or not. It takes discipline, dedication and focus to earn your place in this ever-changing field.