Bachelor of Commerce (B.Com)
If you are making B.Com as your career choice, then it is a smart decision. It is one of the trending courses after 10+2.
Before Knowing about the career options after B.Com!! Let us discuss “What is Bachelor of Commerce?”
“A Bachelor of Commerce, abbreviated as B.Com is an undergraduate degree in commerce and related subjects. The course is designed to provide students with a wide range of managerial skills and understanding in streams like finance, accounting, taxation and management”.
Bachelor of commerce offers understanding in Accounting, Economics, Business Law, Taxation, Insurance and Management.
The Bachelor of Commerce (B.com) degree was first offered at the University of Birmingham. In India, the duration of B.com is 3 years. Candidates can pursue B.com in regular and distance mode.
The Bachelor of Commerce program prepares you for a career in accounting, banking, financial management, information systems and management.
Difference between B.Com and B.Com (Hons)
Both are the undergraduate courses in the field of commerce. The level of study of B.Com (Hons) is higher than the regular B.Com. B.Com honors includes specialized subjects whereas B.Com. regular course has general subjects. The subjects in B.com (Hons.) are in detail as compared to regular B.com.
Duration & Eligibility
Duration: B.com is one of the most sought courses after 12th. It has the duration of 3 years divided into 6 semesters. The course covers a number of subjects during its study period. B.Com mainly focuses on Accounts, Mathematics and Economics.
Subjects involved in the course of Bachelor of Commerce are as follows:
- Accounting
- Cost Accountancy
- Economics
- Finance
- Information Science
- International Business
- Management
- Human Resource
- Law
- Marketing Management
- Tourism
Eligibility:
Candidates having question “Am I eligible for pursuing Bachelor of Commerce (B.Com)?” can check the eligibility from this section:
Candidates should have passed higher secondary examination with not less than 50% marks from a recognized board.
Candidates having academic background in science, commerce and arts stream are eligible to apply for this course.
B.Com can be pursued full-time or through correspondence. Some of the universities in India offer
B.Com. and B.Com. (Honors) in the correspondence mode. Some of these universities are:
- School of Open Learning, University of Delhi
- Indira Gandhi National Open university
- Annamalai University
- Allahabad University
- Jamia Millia University
- Karnataka State Open University
- Bangalore University etc.
Admission
Generally, students are admitted in B.Com on the basis of merit. The merit is prepared on the basis of candidate’s performance in higher secondary examination. Some Universities also conduct the entrance test for admitting students. Besides candidate’s academic knowledge, some colleges conducts interview.
Candidates who wish to pursue MBA after the completion of B.Com has to appear the entrance test namely Common Admission Test (CAT), Management Aptitude Test (MAT), etc. Some institutions also organize their own entrance exam for giving admission to their colleges.
Career & Jobs
A career in commerce offers immense growth as demand for professionals is always on a high.
After completion of B.Com, you can apply in any organization for the post of accountant. Every company requires accountant to keep track the profit and loss of their company. One must have knowledge in areas like Basic Principles of Accountancy, Cost Accounting and Management Accounting to be an accountant. Other than accountant, there are many career options in this field.
Career as a Chartered Accountant
You can also work as tax consultant after completion of graduation and can gain experience. Interested candidates can also apply in banking field. Every year, many private and government banks hires the fresh B.com graduates. Candidates can work in public as well as in private sector. You can apply for government jobs like bank, UPSC, etc.
The course also prepares the students for CA and CS. Chartered Accountant (CA) / Cost and Work Accountant (CWA) / Company Secretary (CS) are the advanced career options in this field.
Do you want to do higher studies in this field?
Individuals also have the option to pursue higher studies after B.com. They can apply for Master of Commerce (M.Com) or Master of Business Administration (MBA). M.Com is the postgraduate course focuses on commerce, accounting, management and economics-related subjects. The Master of Commerce includes 2 years of full-time study. After owning master’s degree, the job opportunities will increase.
Based on specialization, Candidates having M.com degree can find employment in financial services, marketing, project management. They also often work in general management and business consulting firms.
Later, candidates can do research programme (Ph.D) in this field. They have the opportunity to apply for Doctor of Commerce (D.Com), Doctor of Business Administration (DBA), or a Doctor of Philosophy (Ph.D) degree programme. A student can also opt for LLB after B.Com. Business Law is one of the best option in it.
Job Profiles: B.Com graduate can work as an
- Accountant
- Auditor
- Consultant
- Company Secretary
- Business Analyst
- Finance Officer
- Sales Analyst
- Junior Analyst
- Tax Accountant
- Stock Broker
- Economist
- Business Development Trainee
Job Areas For B.Com Graduates are:
- Business Consultancies
- Educational Institutes
- Industrial Houses
- Public Accounting Firms
- Policy Planning
- Foreign Trade
- Banks
- Budget Planning
- Inventory Control
- Merchant Banking
- Marketing
- Working Capital Management
- Treasury and Forex Department
- Investment Banking
Salary
The graduates of Bachelor of Commerce are getting handsome salary package. However, salary of the candidates varies from department to department. Candidates having few years of experience may get lucrative pay.
Salaries depend on the nature of organization and type of job. “However, it ranges between Rs. 10,000 and Rs. 25,000 per month for a fresh hire.
The average salary of a CA in the company is around 5 lakh to 10 lakh per annum.