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Bachelor of Commerce (B.Com) is a three-year graduation program managed and governed by the UGC. It is one of the most popular graduation degree programs opted for by students from commerce backgrounds. The estimated enrollment rate for a B.Com course is Rs. 9.33 lakh which makes it the third most desired degree in the country.
Students who wish to study commerce in detail can also opt for B.Com (Honours) after completing 10+2. The major difference between B.Com and B.Com (Honours) is that plain B.Com covers only the overview of all the commerce-related subjects while B.Com (Honours) is about the in-detail study of all those subjects. The main subjects covered under the B.Com course are Financial Accounting, Business Laws, Economics, Taxation, Auditing, and Cost Accounting.
Reasons Why B.Com is the best Option for a Corporate Career.
There are various reasons to make a career after B.Com in the corporate sector -
Vast Range of Topics
In the field of commerce, graduates are generally taught finance, management, and banking. However, there are many specialisations available along with these commerce topics. These specialisations provide expert training to the students, making them ready for the corporate world. Students should check B.com course details to know more about the curriculum and specialisations. Some of the main specialisations are:
Accounts and Finance
Banking and Insurance
Attractive Salary Packages
There are many job opportunities after B.Com for students in both the public and private sectors. The job opportunities come with attractive annual salary packages. However, the package offered is affected by various factors like academic qualifications, work experience, and specialisation. Here is a table showing the approx salary packages offered to B.Com students:
Rs, 2 -4.5 lakh
Rs. 4.5 -7 lakh
Rs.7 -11 lakh
B.Com program offers great employment opportunities in various fields. India being a capitalist country, the elements of trade and commerce play a very crucial role in the economic growth of the country. Students can choose their careers as per the specialisation chosen by them. B.Com provides professional skills to the students so that they can attract great career opportunities.
B.Com students get the opportunity to choose whether they want to start their corporate career immediately after their graduation or want to go for higher education. Corporate jobs can be as high as managerial positions but it is well observed that the students who opt for higher education after graduation enjoy high positions and salary packages in a very short time. Some of the most common higher education courses opted for by the B.Com students are -
Master of Commerce is the post-graduation degree for B.Com. M.Com is not a degree that would add to the academic growth of the student, but it would surely get the student a great job.
CA is the most common career path chosen by B.Com graduates. The main reasons for that there is great career growth and a high pay scale.
Master of Business Administration is another education option open for B.Com graduates. Just like B.Com, there are various specialisations offered in MBA as well. Some of the common specialisations are Finance, Marketing, IT, Human Resources, etc.
Law is not very common, but a viable option for B.Com graduates is to opt for LLB. All the students who are interested in legalities can opt for LLB after B.Com. This would create opportunities for jobs in corporate as well as criminal law.
Available Areas of Employments
There are many employment and job opportunities after B.Com for students. The job profiles and responsibilities depend on the specialisation undertaken by the student in the B.Com course. Some of the most popular job profiles are -
B.Com Job Profiles
Finance and Accounts Manager
Top B.Com Colleges in India
Christ University, Bangalore
Hansraj College, Delhi
Hindu College, Delhi
Lady Shri Ram College for Women, Delhi
Loyola College, Chennai
NM College, Mumbai
Ramjas College, Delhi
St. Joseph’s College of Commerce, Bangalore
Admission Procedure B.Com Courses
The admission procedure for a B.Com degree varies from college to college. Generally, the process is categorized into two types -
- Merit-Basis - In merit-based admissions, the students are selected based on their marks in 10+2 grades. Students with the highest marks are allotted the available seats.
- Entrance Exams - Applicants have to appear for the entrance exam conducted by the college. This is followed by GD and PI rounds. Students qualifying for all the rounds are selected by the college.
Eligibility Criteria for B.Com Courses
The main points of eligibility criteria for the B.Com courses are -
- Applicant must have commerce as the core subject in 10+2.
- Applicants should meet the minimum cutoff score of the concerned institute.
Factors Affecting Cutoff Scores in B.Com Colleges
- The total number of B.Com applicants in the concerned college.
- 12th standard marks.
- The total number of seats available for B.Com in the concerned college.
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Is B.Com good for the job?
Yes, B.Com is a very good program for students who want to start their corporate career right after graduation as it provides specialisation in various fields which helps the student to work professionally in the corporate world.
Is B.Com good for the future?
B.Com is indeed a good choice for a graduation degree as it provides the students with the choice of both higher education as well as a corporate career after graduation. The list of available career options includes positions like Auditor, Accountant, Stock Broker, etc. On the other hand, the graduates can also opt for higher education options like CA, CS, MBA, LLB, etc.
What is the value of a B.Com degree?
A B.Com degree is as valuable as any other graduate degree. The B.Com program is the third most desirable course in India. The reason is that the investment in this degree is extremely minimal and yields high monetary and academic ROI.
Which exams can I give to get into a B.Com college?
Some of the most popular entrance exams that can get you into the best B.Com colleges in India are -
- DU AT
Which are the main subjects covered in the B.Com degree program?
The main subjects that are taught in the B.Com degree program are -
- Financial Accounting
- Business Economics