Bachelor of Commerce B.Com
The Bachelor of Commerce course is abbreviated as B.Com. B.Com is an undergraduate academic degree awarded for a course or program in Commerce.
The duration of the B.Com course is 3 years in India, divided into six distinct semesters. The B.Com courses deal with Accounting, Marketing, Human Resource, and Finance specialization as the subjects of study.
The eligibility criteria for pursuing a B.com degree is a minimum of 50% in 10+2 from a recognized Board/University. B.com courses have rewarding career with lucrative pay.
B.Com.:
Key Highlights
Degree Bachelors Full Form Bachelor of Commerce
Duration: The illustrious expedition of Bachelor of Commerce [B.Com] extends over a period of 3 Years.
Eligibility Age: Aspiring students must have attained a minimum age of 16 years.
Minimum Percentage Requirement: To embark upon this academic odyssey, candidates should possess a commendable score of 50% in their 10+2 examination from a recognized State Board or CBSE.
Essential Subjects: The compass for this voyage includes vital disciplines like Commerce, Business, Accountancy, and a choice between Business Mathematics, Statistics, or Economics.
Tuition Fees: The investment in this enlightening expedition comes at an average cost of INR 25,000 per annum.
Average Compensation: Upon reaching the culmination of their academic journey, graduates can anticipate an average salary of INR 4.42 L per annum in India.
A Multitude of Prospects: As graduates set sail towards their professional shores, they'll find themselves endowed with numerous career prospects such as Accountant, Operations Manager, Financial Analyst, Finance Manager, Account Executive, Executive Assistant, and Chartered Accountant, to name a few.
The Path to Success: Esteemed organizations like Tata Consultancy Services Limited, Genpact, Accenture, EY (Ernst & Young), J.P. Morgan Chase & Co. (JPMCC), HDFC Bank Pvt Ltd, and HSBC eagerly await to welcome and empower these budding professionals.
Behold the Bountiful Opportunities:
Tata Consultancy Services Limited
Genpact
Accenture
EY (Ernst & Young)
J.P. Morgan Chase & Co. (JPMCC)
HDFC Bank Pvt Ltd
HSBC
B.Com (Bachelor of Commerce) Online
Admission Process:
- The admission processes for B.Com Course is mentioned below:
Online Admission Process: The admission process for the B.Com Course is conducted online, and it is open to all students. To apply, visit the higher education portal at https://www.upgrad.com/mba-liverpool-business-school?ref=acRyZm.
Discount Code: If you wish to avail a discount, paste the code "acRyZm" during the application process. By using this code, you can save up to Rs. 30,000 on the course fees.
Fill the Application Form: The candidate must fill up the admission form available on the website and submit it along with all the required documents and photographs.
Check Eligibility Criteria: Before applying, it's essential to review the eligibility criteria for admission. Ensure that you meet the necessary requirements for the B.Com Course you wish to pursue.
Course Selection: Based on the eligibility criteria, choose the B.Com Course that aligns with your interests and career goals.
Payment Options: The payment for the course can be made online using debit/credit cards or through a Demand Draft (DD) sent to the designated address.
By following these steps, you can successfully apply for admission to the B.Com Course and kickstart your academic journey in the field of commerce. Good luck with your application!
Eligibility:
Students who have successfully passed their higher secondary examinations (10+2) with 50% from a recognized education board with science, arts or commerce stream can opt for BA course. Admission procedures include merit-based admissions conducted by department of Higher.
B.Com Course Syllabus:
The syllabus pursued in the curriculum for Bachelor of Commerce [B.Com] course is tabulated below. While some colleges follow curriculum with minor deviations, the majority of the syllabus structure remains the same for most colleges across India.
B.Com Syllabus - Semester 1
Sr. No. Subjects of Study
1. English and Business Communication
2. Interdisciplinary Psychology for Managers
3. Business Economics - I
4. Principles of Financial Accounting
5. Commercial Laws
6. Principles and Practices of Management
B.Com Syllabus - Semester 2
Sr. No. Subjects of Study
1. English and Business Communication
2. Interdisciplinary e-Commerce
3. Business Economics - II
4. Corporate Accounting
5. Business Laws
6. Human Resource Management
7. Environment, Road
B.Com Syllabus - Semester 3
Sr. No. Subjects of Study
1. Interdisciplinary Issues in Indian Commerce
2. Cost Accounting
3. Company Law
4. Business Mathematics and Statistics
5. Banking and Insurance
6. Indirect Tax Laws
B.Com Syllabus - Semester 4
Sr. No. Subjects of Study
1. Interdisciplinary Security Analysis and Portfolio Management
2. Advanced Accounting
3. Auditing and Secretarial Practice
4. Cost Management
5. Marketing Management
6. Quantitative Techniques and Methods
B.Com Syllabus - Semester 5
Sr. No. Subjects of Study
1. Income Tax Law
2. Management Accounting
3. Indian Economy
4. Production and Operation Management
5. Entrepreneurship and Small Business
6. Financial Markets and Services
B.Com Syllabus - Semester 6
Sr. No. Subjects of Study
1. Direct Tax Laws
2. Financial Management
3. Issues in Financial Reporting
4. Social and Business Ethics
5. Operational Research
6. Sectoral Aspects of Indian Economy
Some of the B.Com books are recommended below.
Books Authors
- Corporate Accounting : Dr. S.M Shukla
- Financial Accounting : Dr. Anil Kumar
- Business Research Methods : K.Ramachandra
- Business Law : M.C Kuchhal
Here are some effective preparation tips for clearing the annual exams for Bachelor of Commerce [B.Com]:
Effective Time Management: Create a focused study plan, giving special attention to weaker subjects and practicing numerical problems regularly. Design a timetable and stick to it with dedication and diligence.
Read and Practice Regularly: Stay updated with the syllabus and make it a habit to read and practice regularly. This will ensure a thorough understanding of the subjects and perform well in exams.
Cultivate Intrinsic Knowledge and Interest: Develop a genuine interest in the subjects and strive to gain intrinsic knowledge. When you find the subject intriguing, learning goes beyond the syllabus, making you well-versed in the concepts.
Methodical Revision: Regular revision is essential for scoring well in the final exam. Set aside time for periodic revisions, which will help reinforce the understanding and retention of the subjects.
Prepare a Well-Structured Timetable: With numerous subjects to cover, create a well-structured timetable that allocates sufficient time for each subject. This approach ensures a comprehensive understanding of all topics, leading to better performance in the exams.
By following these preparation tips and staying consistent in your studies, you'll be well-prepared to tackle the B.Com annual exams successfully. Remember, perseverance and dedication go a long way in achieving academic excellence.
B.Com Job Opportunities:
The abundant job profiles available to graduates of the Bachelor of Commerce [B.Com] curriculum
include:
1. Auditors
2. Actuaries
3. Book Keepers
4. Budget Analysts
5. Business Consultants
6. Business Operation Manager
7. Certified Public Accountant
8. Chartered Management Accountant
9. Chief Financial Officer
10. Cost Estimators
11. Entrepreneurship/Own Business
12. Finance Managers
13. Financial Analyst
14. Human Resource Managers
15. Investment Banker
16. Investment Broker
17. Investment Analysts
18. Marketing Managers
19. Market Researcher
20. Personal Financial Advisors
21. Stock Brokers
22. Teacher/Lecturer Job
WHY TO CHOOSE B.COM AS A BEST DECISION
Diverse Subject Learning: B.Com offers a wide array of subjects, including Accountancy, Business Administration, Finance, Economics, and Industrial Policies. This diversity enhances the ability to learn and equips students with versatile knowledge.
Analytical and Problem-Solving Skills: B.Com courses emphasize developing analytical, communication, and problem-solving skills. Graduates are equipped to identify issues, source information, and find efficient and practical solutions.
Versatile Post-Graduate Opportunities: After completing B.Com, students have access to diverse post-graduate opportunities such as MBA, M. Com, LAW, International studies, Designing and Merchandising, MBE, Finance, Economics, etc. These options prepare them for success in the global marketplace.
Industry Recognition: B.Com graduates are highly valued by industries, often considered on par with students possessing professional degrees like BBA and Hotel Management. Graduates from reputed colleges may even enjoy better opportunities.
Widespread Availability: B.Com programs are offered by most universities and colleges in India. This allows students to select the best program from various institutions, catering to their preferences and aspirations.
1. Greater employment opportunities:
In many career sectors, such as higher Education, Administration, public affairs,
and social services, a master’s degree is replacing a bachelor’s as the minimum
requirement for employment. Earlier with a bachelor’s degree like B-Com one could
secure an entry level position as an admissions counselor, academic adviser, or student services coordinator. While holding a graduate degree is not a guarantee of ultimate success, it certainly opens many more doors for employment.
2. Greater career advancement:
Earning a graduate degree (B-Com ) is evidence of persistence, determination,
intellectual prowess, and the ability to handle challenging environments all of which are sought-after qualities for individuals filling manager and director positions. An employee who has demonstrated success in a long-term situation that requires stamina, discipline, leadership, and the ability to work well with others is going to be in line for growth opportunities within his or her organization.
3. Vast Career choice
- A. Chartered Accountancy
This is one of the most popular and common opportunities for students
who have completed or pursuing B-Com. One can enroll for CA after completing
B-Com (obtaining least 55% marks) or after any graduation course with 60% in
the graduation.
- B. MBA (Finance)
Most of students believe that MBA in finance is similar to accounting, but
in reality finance is vast subject with accounting being just part of it. In order to
do MBA (finance) one need to appear for CAT, XAT and GMAT which make
students eligible for top B-Schools in India scoring at least high as 99.99
percentile.
- C. M.Com (Masters in Commerce)
M-Com is Masters in Commerce is master degree program which students
can pursue after completing their B-Com course. Here students have option to
choose many specializations like Economics, Statistics, Finance, Business ,
Accounting and so on and take it further by doing M.Phil or PhD.
- D. ICWAI
ICWAI is cost accounting course offered by Institute of Cost and Works
Accountants of India which can be pursued by Commerce students after
completing B-Com. After completing ICWAI students have good career
opportunities as Financial Controller, Cost Controller, Chief Accountant and Chief
Internal Auditor.
4. Vast Job Profiles
B.Com graduate after completion of course can choose to work in job profile
option available to them depending on their caliber and interest area such as
Accountant, Auditor, Consultant, Company Secretary, Business Analyst, Finance Officer, Sales Analyst, Junior Analyst , Tax Accountant, Stock Broker, Economist, Business Development Trainee and so on to explore.
5. Vast Job Areas
After completing B.Com student have vast choice in different fields where they
can explore their inner talent. Job areas for commerce graduate is in 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 and so many for them explore further.
6. Higher Salary
Due to vast job profiles and many job areas to explore, many commerce
graduate earn handsome salary package where the salary of the candidates varies from department to department. Candidates having few years of experience may get ucrative pay. Salaries depend on the nature of organization and type of job in which student decides to choose as career option. 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. The bottom line These are the overview of courses you can do once you complete your B.Com for which you need to know your inclination towards certain subjects. If you are more inclined toward accounting, you should go for CA, CPA or ACCA. Or else, if you feel finance is your cup of tea, go for MBA in Finance from a reputed institute. Do some soul-search. Have some time handy so that you have enough time to think about all your options. One can always make wise decision by analyzing the market and deciding the needs of future market rather than going behind the number of vacancies in different sectors.
Job & Scopes of B.Com :
Job Profile Job Description Average
Salary(INR)
Accountant
- An accountant prepares assets, liability, and capital account entries by compiling and analyzing account information.
- 4,00,000
Tax Consultant
- Tax consultants, also known as tax advisors, are experts in tax law, planning, and compliance. They prepare tax returns for their clients and also ensure that the tax liability is minimized.
- 4,65,000
Bank
- PO A bank probationary officer is responsible for the supervision of clerical work, making decisions, managing cash balances, etc. A PO verifies all the work that is done in a bank.
- 5,20,000
Account Executive
- Also known as an account holder, an account executive acts as an important link between an advertising agency and its clients. The account executive also organizes the company’s creative and administrative staff to produce effective campaigns.
- 3,00,000
Event Manager
- An event manager plans and organizes promotional, business and social events. Besides running events, they ensure that the target audience is engaged and that the message is spread properly.
- 5,40,000
Travel & Tourism
- Travel and Tourism companies provide sophisticated travel bookings to their customers. Booking reservations for travel, hotels, rental cars, and special events are parts of their duties.
- 6,50,000
Commodity Trader
- A commodity trader operates as an individual or a business entity and focuses on investing in physical substances like oil, gas, gold, crops, etc. Commodity traders also deal with raw materials.
- 7,20,000
Actuary Actuaries
- use statistical techniques and mathematical skills to assess the probability of an event and the financial consequences following. At least one actuary is legally needed in every insurance company.
- 4,80,000
Bookkeeper
- A bookkeeper’s jobs include posting information to accounting journals and managing invoices to customers, cash receipts, and supplier invoices.
- 2,80,000
After completing a BCom degree, a significant portion of the population tends to opt for professions like Chartered Accountant (CA) or Company Secretary (CS). The reason behind this trend is the strong foundation that the B.Com course provides to those who aspire to pursue professional qualifications like ACCA or CA from ICAI. Additionally, B.Com offers the flexibility for students to choose combined courses, allowing them to explore diverse fields.
One such combined course is BCom LLB, a 5-year integrated program that provides knowledge in both commerce and law subjects. Students enrolled in BCom LLB receive comprehensive education in areas such as Consumer Protection Law, Constitutional Law, and Business Law, among others. This integrated course equips individuals with a unique skill set, making them well-rounded professionals capable of addressing complex business and legal challenges.
By offering a blend of commerce and law subjects, BCom LLB prepares students to excel in a wide range of professions, from corporate law to business management. The course opens doors to diverse career opportunities, where graduates can contribute effectively to legal and commercial sectors alike.
Overall, the B.Com degree lays a strong foundation for various professional paths, and combined courses like BCom LLB provide a distinct advantage in the competitive job market. Whether one chooses to pursue a specialized career in finance, accounting, law, or management, BCom graduates are well-prepared to succeed in their chosen fields.
FAQs Bachelor of Commerce
Can I pursue B.Com after completing my 12th in Science?
- Absolutely! B.Com is open to students from various streams, including Science, Arts, and Commerce. As long as you meet the minimum eligibility criteria, you can apply for admission to the B.Com course. So, if commerce sparks your curiosity after your 12th in Science, go ahead and embrace this diverse academic journey!
Are there any entrance exams for B.Com?
- In many cases, admission to B.Com courses is based on merit, and no specific entrance exams are required. However, some universities or colleges may conduct their own entrance tests for admission. Fear not, as most institutions offer admission based on your 12th-grade scores, making the process smoother for aspiring commerce enthusiasts.
What is the scope of a B.Com degree in the international job market?
- Beyond the borders of our nation, a B.Com degree holds substantial value in the international job market. Many multinational companies actively seek commerce graduates for diverse roles in finance, accounting, marketing, and international trade. The global business landscape warmly welcomes the skills and expertise of B.Com graduates, offering a wide range of opportunities.
Can I pursue higher studies after completing B.Com?
- Absolutely! B.Com provides a solid foundation for further studies in the world of commerce and beyond. As a B.Com graduate, you can explore higher education options such as Master of Commerce (M.Com), Master of Business Administration (MBA), or even professional courses like Chartered Accountancy (CA) or Company Secretary (CS). The possibilities are endless, and your B.Com degree is the stepping stone to a world of knowledge and specialization.
What is BCom?
- Ans: The full form BCom is Bachelor of Commerce. It is a 3-year course which revolves around banking, finance and accounting principles.
Should I choose BCom or BCom (honours) after 12th?
- Ans: Both the courses are good, but it depends upon you whether you want to specialize in a particular domain and do BCom Honours or you want to have an overview of all the subjects in the field of commerce and do plain BCom. The industry demand for the BCom honours is comparatively higher than the general BCom.
I wish to pursue an MBA in future. Should I proceed with BCom or BBA?
- Ans: Though students generally opt for an MBA after completing their BBA. The same road can be pursued by a BCom graduate as well.
Which is the best course after completing B.Com?
- Ans: Most of the BCom graduates tend to go for a CA course after completing their B.Com degree. However, other notable courses to do after B.Com include – M.Com, MBA, CFA, CS, etc. A student should choose a course according to their areas of interest.
What is the scope for a B.Com graduate?
- Ans: In terms of future scope, B.Com graduates get plenty of options to choose from. For instance, one can either work in MNCs and banks under fancy job designations or pursue their desired course like - CA, CS or MBA, to take their academic journey forward.
Can I do B.Com without Maths?
- Ans: Yes, students who did not have mathematics in 10+2 can pursue B.Com as well.
I am a humanities student. Can I pursue B.Com after clearing 10+2 with Arts stream?
- Ans: Yes, students from humanities stream can also apply for B.Com course provided that hey have maths and / or english as their core subjects in 10+2
Is it possible to do an MCA course after completing B.Com?
- Ans: Yes, B.Com graduates are eligible to apply for Master of Computer Applications or MCA course.
Should I pursue CA along with B.Com? Or should I go for CA after I
have completed my BCom degree?
- Ans: Yes, preparing for CA while studying a bachelors degree is the only sensible way to go about it. As the subjects taught in B.Com course would help one in their pursuit to become a CA. Average students who score 75 to 90 percentile in their board exams are advised to go for correspondence courses and pursue CA side by side. However, students who score 90 or above in their boards should go for a regular college along with a CA course.
Is it worth doing an M.Com after B.Com course?
- Ans: M.Com is the advanced version of B.Com course. It is the immediate choice for B.Comgraduates. Those planning to go for a doctoral degree in commerce should opt for M.Com. However, there are other professional courses like Financial Risk Management which can help one get higher salary packages and fancy job opportunities.
What type of job opportunities is available for B.Com graduates?
- Ans: Students have plenty of B.Com jobs in government as well as private sectors to choose from provided that they are not limited to careers in accounts and finance. Popular job profiles after B.Com include - Accountant, Account Executive, Tax Consultant, Bookkeeper, etc,
