Bachelor of Commerce (B.Com)
A Bachelor of Commerce, abbreviated as B.Com is a 3-year 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. The course can be pursued either as a Full Time Graduate Course or Part Time Graduate Course. It is not subject specific and one can choose many combinations of subjects, apart from 1-2 compulsary subjects. These combinations vary from institute to institute.
Admission Process for the course is usually merit-based, however, some colleges might conduct entrance tests for admission to this course. Some of the universities which conduct Entrance Tests are: Jamia Milia Islamia University, Delhi, Banaras Hindu University, Varanasi, Guru Gobind Singh Indraprastha University, Delhi and Narsee Monjee Institute of Management Studies, Mumbai
Eligibility: Students passing successfully out of their 10+2 examination from a recognised education board with Science, Arts or Commerce stream can opt for B.Com. Generally, 50% of marks are required but the percentage varies from institute to institute.
Subjects in Bachelor of Commerce
- Cost Account,
- Human Resource,
Specialization Course in B.com:
- B. Com. – Advertising & Sales Management: In this program students are taught about the important aspects of Advertising and Sales Management. It is beneficial for students who want to work in marketing and advertising industry.
- B. Com. – Computer Application: In this program students are taught about computer application, software development and operating procedures, along with regular commerce subjects like accounts, economics, statistics, etc.
- B. Com. – Foreign Trade: In this program students are taught about the foreign trade procedures and transactions, along with regular B. Com. subjects. It is beneficial for students who want to work in a company involved in import and /or export activities.
- B. Com. – E-Commerce: In this program students are taught to effectively manage e-commerce business like online shops, or business portals along with technical and legal issues associated with it. It is beneficial for those students who have a knack for Commerce in the Electronic form.
- B. Com. – Honours: B. Com (H) is an extensive form of General or Pass Course B. Com. Many colleges run these courses in semester system like in Engineering, MBA or other courses. Students are taught all the subjects in more detailed form than they are covered in normal B. Com. Besides students are allowed to choose one subject for specialization in their final year. For example one can opt for specialization in Accounts, Cost Account, Management, Computer, Economics or any other subject.
- B. Com – Office Management: In this program students are taught about computer applications, office administration, communication skills, work ethics and corporate culture. It is beneficial for those students who are interested in managing an office.
- B. Com – Tax Procedure: In this program students are taught tax procedures and essentials, along with other commercial subjects. It is beneficial for students who want to work in Accounts or Tax department of any company or those who want to start their own tax consultancy firm.
Colleges offering B.Com degree: For a list of colleges offering B.Com degree in India read: Top Commerce colleges in India.
Career prospects after B.Com: B.Com. Course imparts basic knowledge about trade and commerce practices in society and prepares a student for job opportunities in a wide variety of sectors. Career options available after a B.Com.degree are endless. B.Com. jobs range from roles in Finance and Accounting, Banking Industry, Corporate Sector etc. Some of the sectors which employ B.Com.degree holders are Banking, Media, BPOs, Tourism Industry, Hospitality, FMCG Telecom etc. There are various roles available in the Private Sector for B.Com.degree holders.
Advance courses in B.Com: Not necessarily all students who complete their Bachelor of Commerce degree, settle for a job. Many students aspire for further studies. Below is a list of options available in the academic field after completion of B.Com.
- M.Com. – Master of Commerce or M.Com is a postgraduate degree in commerce and is an extension of B.Com. You should go for M.Com.if you have an urge to study commerce subjects and gain a deeper insight of how an organization works. All major universities in the country offer M.Com.program. Generally an entrance is held for admission to this program.
- MBA – Master of Business Administration or MBA is one of the popular options for Bachelor of Commerce graduates. A B.Com.degree gives an edge to MBA aspirants as some of the subjects taught in B.Com.are repeated in the curriculum during the first year of MBA.
- CA – Chartered Accountancy or CA can be pursued with or after the B.Com.course. A background and understanding of commerce helps in the completion of the CA course. Since Accounts is a compulsory paper for B.Com.students, it is helpful when pursuing CA.
- CS – Company Secretaryship or CS is another popular option and can be pursued along with a b.Com degree. CS prepares an individual for regulatory roles in an organization.
- ICWAI – ICWAI prepares cost accountants who control and manage cost of an organization. This course can also be pursued vis-à-vis graduation.
- CFA – Chartered Financial Analyst or CFA is also a professional course and gives a deeper understanding of the financial aspects in an organization. It spans a wide variety of subjects like Economics, Derivatives, Accounting, Portfolio Management, Funds etc.
- Law – A student can also opt for LLB after B.Com. With Business Law as part of the curriculum it is also a viable option.
- Actuarial Science – Actuarial Science is an offbeat discipline but also has high-paying potential. Actuarial Science helps an individual to develop mathematical and statistical skills to assess risk in finance, insurance and other industries.
- CMA – Certified Management Accountant or CMA is a professional course and helps an individual to learn skills pertaining to financial planning, control, analysis, decision support and company ethics.
- CFP – Certified Financial Planner or CFP is a professional degree for financial planners and is ideal for students who wish to pursue a career in Financial Planning.
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.