Today we are going to talk about the B com course. Here you will get all the details regarding this course like subjects, fees, b com freshers jobs, colleges in India and more.
Bachelor of Commerce: course details
|B com full form||Bachelor of Commerce|
|B com course duration||3 years|
|Entrance exam||IPU CET, BHU UET, DUET etc.|
|Eligibility criteria||10+2 passed with any stream|
|B com course fees||₹ 2,00,000 – ₹ 4,00,000|
|Admission process||Merit and Entrance Based|
|Average Salary||₹ 1,50,000 – ₹ 4,50,000|
|Job profile||Business Consultant, Auditor, Investment Manager|
|Top Recruiter||Deloitte, Citibank, Punjab National Bank, SBI|
what is the B com course?
B com course is an undergraduate Degree course. It was first offered at the University of Birmingham by William Ashley. It’s 3 year Degree course but some universities also offer 4 years Course.
B com can be pursued either as a Full-time Graduate Course or a Part-time graduate course. It fully depends on you. It is normally referred to as B.Com or B.Com Pass Course. But you can also go to its advanced level by choosing Honours in B.Com. There are too many universities available that offer Both B.Com Pass and B.Com Honors like Delhi University etc.
What is the B Com Course full form?
B com full form is Bachelor of Commerce this is one of the best popular undergraduate graduate programmes chosen by students in the commerce stream after completing their 10+2 requirements. Most candidates who aspire to become bankers, accountants, financial counsellors, economists, statisticians, or bookkeepers choose the B.Com degree, which is offered in all universities and educational institutions.
Which B Com course is best, B Com Honours or B Com Programming?
After 12th students plan to do a B Com Course but there is always confusion that what is the difference between B Com Honors and B Com programming. So, here we are going to know the basic difference between both. The criteria for admission in both courses are almost the same with Maths and English as Compulsory Subjects. First, we talk about B Com honours as we above mention B Com[H] is the advanced level of B Com. When you study B com[H] you can also pursue Courses like Charted Accounted.
In B Com [H] you have the option to specialise in specific Subjects like Accounting. But the cut-off of the various universities is very high. On the other hand When you choose B Com [P] then you can not get the option to become specialised in a specific subject. In B Com[P] students are given an overview of all subjects taught in the Honors Course. But the cut-off for this of various universities is relatively low.
|B com Honours||B com Programming|
|An undergraduate degree called B Com (H) is intended to teach students business acumen. Together with your B Com Honours, you can also pursue courses like Chartered Accounting.||Similar to B.Com (H), the distinction is that B.Com (H) allows for topic specialisation, but B.Com does not (P). In the latter, a student receives a summary of every subject covered in the honours course.|
|The decision to concentrate on one subject, like accounting, is one that a student can make.||An academic focus on one subject is not possible.|
|The cut-off for different universities and colleges is comparatively higher.||The cut-off for different universities and colleges is comparatively lower.|
What Motivates You to Study B Com course?
Students who earn a B. Com. degree have opportunities in the banking and finance sectors. Several students who earn their B. Com. go into the lucrative industry of sales. There is a tonne of space for expansion in the sales department across all industries with experience. Students who want to stay on the route of business or finance have enormous potential as well.
The Indian Fintech market is expected to reach INR 6.2 trillion in value by 2025, creating a wealth of opportunities for people in the financial sector. In addition to the expanding Fintech sector, there are Mutual Funds and Insurance, which provide a range of possibilities within the Financial industry.
The banking sector maintains strong control over the Indian financial sector. Banks in India have total assets worth USD 2.4 trillion. Banks will extend credit to Indian citizens for all of these assets. Banks require personnel with backgrounds in business to operate them efficiently. In FY21, banks received USD 2.06 trillion in deposits, compared to USD 1487 billion in lending.
who ought to pursue a B Com course?
- To get the desired outcome, candidates should choose their B.Com course wisely, just like they would with any other.
- For candidates who desire to pursue and succeed in the Management or the Commerce area, a B.Com degree is the first step.
- B Com is the ideal option for MCom applicants because it teaches the foundational knowledge required for the MCom course programme.
- Both the public and private employment sectors have seen an increase in the demand for B.Com candidates over time.
B Com Course specialization
Here is the list of B Com course specializations:
- B Com Financial Markets
- B Com Banking and Insurance
- B Com Applied Economics
- B Com Computer Applications
- B Com E-Commerce
- B Com Banking Management
- B Com Accounting and Finance
- B Com Corporate Secretaryship
- B Com Marketing
- B Com Tax Procedure and Practice
- B Com Accountancy
- B Com Banking and Finance
- B Com Financial Accounting
B com Course Eligibility
The eligibility for the B Com course is given below you can take a look that whether you are eligible or not.
Students must Score 50% marks in 10+2 from a recognised Education Board. But remember these marks are minimum if you want to get admission to regular colleges so you have to score more marks then you will be eligible for this.
Normally those students prefer to go for B.Com who have studied Commerce in 10+2. But you can also do this if you have studied Science in 10+2.
B Com Course details: Specializations
There are various Bachelor of commerce specialities available for those who desire to pursue careers in the business sector. Management, taxation, and accounting are among the specialities. These specialisations vary from one institute to the next. A bachelor of commerce student’s professional path will be decisive by the concentration they select. The student alone is responsible for deciding whether to pursue a career in taxation, banking and accounting. Based on their focusing level of interest in the pertinent subject, students must choose their area of specialisation. the following B.Com specialisations are in high demand:
Auditing: Financial auditing is the process of checking the accuracy and compliance with all applicable rules, regulations, and laws of the financial records of a company (or an individual). External auditors are invited to review accounting and financial records that are kept outside the company and to offer an unbiased opinion on those records. External audits of financial statements are mandated by law for all publicly traded corporations. Internal auditors are employed by the company as internal staff members to review documents and contribute to the improvement of internal procedures including governance, risk management, operations, and internal controls.
Finance and Accounting: A specific sort of accounting called financial accounting involves a technique for recording, compiling, and reporting for a certain time period the numerous transactions resulting from corporate operations. The creation of financial statements, such as the balance sheet, income statement, and cash flow statement, which summarise these transactions and the company’s operating outcomes over a given time period, is required.
Banking and Insurance: The course’s objective is to unite seasoned professionals who can effectively manage various banking and insurance-related financial activities as well as the many technologies that are now in use in these fields. Furthermore, these professionals must be competent in the financial services industry’s banking and insurance sectors.
Taxation: Taxes, which are described as a way of taxing people who earn taxable income, are covered in great detail in the course along with a wide range of accounting, financial planning, and economic theory topics. In other words, a B.Com. the degree programme emphasises the methodical study of taxation and other particular principles in addition to a core course of study in commerce.
B Com Course Syllabus
Corporate Tax, Financial Law, Economics, Accounting, and other subjects are included in the B Com Syllabus. An internal evaluation is worth 20 points, and an external examination is worth 80 points, for a total of 100 points for each B Com topic. Six semesters make up the B Com curriculum for three years. Candidates are required to take four core classes each year on topics like accounting, banking, finance, and so forth, along with one elective class on topics like English, economics, philosophy, and so forth.
Here is the list of B com Subjects:
1st year B com subjects:
|B com subjects 1st semester||B com subjects 2nd Semester|
|Principles and Practices of Management||Business Laws|
|Interdisciplinary Psychology for Managers||Corporate Accounting|
|Business Economics-I||Interdisciplinary e-Commerce|
|English and Business Communication||English and Business Communication|
|Commercial Laws||Business Economics – II|
|Principles of Financial Accounting||Human Resource Management|
2nd year B Com Subjects:
|B Com Subjects 3rd Semester||B Com Subjects 4th Semester|
|Indirect Tax Laws||Quantitative Techniques and Methods|
|Banking and Insurance||Marketing Management|
|Business Mathematics and Statistics||Cost Management|
|Company Law||Interdisciplinary Security Analysis and Portfolio Management|
|Cost Accounting||Interdisciplinary Security Analysis and Portfolio Management|
|Interdisciplinary Issues in Indian Commerce||Interdisciplinary Security Analysis and Portfolio Management|
3rd year B Com Subjects:
|B Com Subjects 5th semester||B Com Subjects 6th semester|
|Income Tax Law||Direct Tax Laws|
|Indian Economy||Issues in Financial Reporting|
|Entrepreneurship and Small Business||Operational Research|
|Financial Markets and Services||Sectoral Aspects of the Indian Economy|
|Production and Operation Management||Social and Business Ethics|
|Financial Markets and Services||Financial Management|
Best B com colleges in India in 2023
One of the most popular undergraduate programmes is BCom. Increased demand for the course has led to tough competition among students so it becomes vital to know about the best BCom colleges in India. The Top 10 best B Com colleges in India are listed below.
Here is the list of best B com colleges in India.
- Shri Ram College of Commerce, Delhi
- Lady Shri Ram College for Women, Delhi
- Hans Raj College, New Delhi
- Christ University, Bangalore
- St.Joseph’s College Commerce, Bangalore
- St.Xavier’s College, Mumbai
- Narsee Monjee College of Commerce and Economics, Mumbai
- Symbiosis College of Arts and Commerce, Pune
- Loyola College, Chennai
- Madras Christian College
B Com Course Fees in 2023
There are over 8,840 B Com colleges in India that are either public, private, or government-run. B Com colleges in India provide UG and PG level courses. The usual cost is between ₹ 2 and ₹ 4 lakh.
B Com course details: Benefits
Those who have completed B Com can get a job easily because the employment Rate is very high. The best part of this, no business requires a Manager or commerce specialist to manage the financial aspects of the business. As businesses are growing day by day the requirement of the individual is growing rapidly to manage the business successfully.
After B com which course is better?
Below you will the answer of after b com which course is better:
After the B Com course, you have several options, you can go for the job but if you want to study further you can choose any one option which is given below. These options are very popular if you take them seriously then they can take you to the next level in your life.
M.Com:- M.Com stands for Master of Commerce. This is the most popular option after B.com.This option is very useful if you have an interest in teaching, So you must go for it.
MBA:- MBA stands for Master of Business Administration. This option is the most considerable option at this time. It will give you a great career in the field of marketing or the field of business administration. If you love money this option is only for you, but remember one thing if you want to go for MBA So, be careful at the time of choosing the university, choose the best for yourself.
Chartered Financial Analyst[CFA].
Certified Public Accountant[CPA].
CFI online courses.
B Com course details: Scope
The B Com degree has a very broad scope because it offers many opportunities for success and employment. Financial services, banking, research, analysis, risk management, government, and taxation are among the fields where a B.com degree might lead to employment. Many 10+2 students still choose to major in B Com courses despite the popularity of management programmes for undergraduates. Additionally, a bachelor’s degree in business provides you with the foundation you need to pursue programmes like an MBA or financial management.
A successful career can only be attained by having a background in business. The above-mentioned B Com course helped several well-known corporate figures become aware of the business’s financial basis. Also, those with a B Com degree had a strong foundation in basic financial concepts.
B Com fresher jobs in 2023
The employment area for the B Com course is huge you have several options to choose from according to your desire. Some of the options are given below, you can take a look and decide according to your wish.
Here is the list of B com fresher jobs:
- Marketing Companies
- Public Accounting Firms
- Budget planning Bodies
- Educational Institutes
- Industrial Houses
- Investment Banking Sectors
- Foreign trade
- Merchant Banking
- policy planning
- Treasury and Forex Department
- Business Consultancy
Career options after B com course details
Following the training, employment options are available. Recruitment agencies are ready to take on students from reputable universities. Also, current business trends indicate that firms choose B Com course graduates above postgraduates and technical degree holders. Accenture is one company that has hired recent grads to work as account executives. Recent college graduates with a Bachelor of Commerce are hired by businesses. Due to the present curriculum and exposure to a variety of courses, commerce graduates have an advantage.
Since there is always a demand for professionals, a career in commerce provides hopefuls tremendous growth. Whether one has an aptitude for it is what matters in the end. To build a place in this constantly expanding industry, one needs discipline, commitment, and focus. Jobs in the following professions are available after earning a bachelor’s degree in business:
Chartered Accountant: Chartered Accountancy is a very demanding profession. Under this, it is the responsibility of the Chartered Accountant to do the taxation, financial, auditing, accounting and management work of any organization or individual. It is a very popular course and challenging at the same time.
Company Secretary (CS): In both private and public sector organisations, a company secretary has a senior position. Companies prefer to hire people with abilities and expertise proportionate to the size and complexity of their organisation, and there are CS with varying levels of experience available.
Cost and work Accountant: The responsibility of a cost and work accountant (CWA) is to gather, assess, and analyse all available financial data while considering all relevant factors, and subsequently interpreting the results for management. In today’s corporate strategy and planning, the CWA is regarded as a crucial component.
Business accounting and taxation: This position entails handling the books of accounts for any company, filing returns, paying taxes, abiding by legal obligations, finalising accounts, and taking on challenging accounting, taxation, auditing, and compliance activities.
Insurance and banking services: The banking sector is one of the most potent economic drivers in the country. It has the potential to alter and revolutionise the economy completely. A B.Com. opens the door to this employment profile.
Marketing Manager: Pursuing a B.Com opens the door to management opportunities. It offers the instruction required for employment as a brand manager, market research analyst, media planner, product manager, event planner, or public relations officer.
You can also go for a public sector job but for this, you have to clear the competitive examination carried out by state PSU, UPSC, or SSC to get in.
B Com course: Salary in 2023
After completing a B Com course, numerous career options are open to you. Following completion of the course, students are not required to pursue an MCom or a BEd. One can get started right immediately working as a junior accountant, finance executive, or sales executive. As an alternative, students who want to pursue a career in finance and investment can enrol in professional courses like MBA, CA, CS, CFA, CMA, CFP, FRM, and others.
|Job Profile||Average Salary|
|Jr Accountant||₹ 2 – ₹ 3 LPA|
|Account Executive||₹ 2 – ₹ 3 LPA|
|Financial Analyst||₹ 4 – ₹ 6 LPA|
|Financial Consultant||₹ 6 – ₹ 8 LPA|
|Business Consultant||₹ 8 – ₹ 10 LPA|
|Financial Analyst||₹ 5 – ₹ 6 LPA|
|Company Secretary||₹ 5 – ₹ 8 LPA|
|Certified Management Accountant||₹ 10 – ₹ 12 LPA|
|Certified Financial Planner||₹ 3 – ₹ 5 LPA|
|Commerce Teacher||₹ 6 – ₹ 8 LPA|
|Bank Manager||₹ 7 – ₹ 8 LPA|
|Financial Risk Manager||₹ 8 – ₹ 10 LPA|
|Chartered Financial Analyst||₹ 7 – ₹ 9 LPA|
|Chartered Accountant||₹ 6 – ₹ 8 LPA|
|Finance Manager||₹ 8 – ₹ 10 LPA|
|Accounts Manager||₹ 5 – ₹ 8 LPA|
|Tax Consultant||₹ 6 – ₹ 8 LPA|
|Business Executive||₹ 3 – ₹ 5 LPA|
|Accountant||₹ 2 – ₹ 4 LPA|
So, this is the end of this post here we have discussed all the information about the B Com course details and other information like its salary, fees, best b com colleges in India, B com subjects and many more.
FAQ on B Com Course details:
Question 1. What is the B Com Course used for? Answer. The BCom degree acts as a launching pad for employment opportunities in many different fields, including accounting, finance, economics, taxation, and insurance. A BCom degree entitles the holder to employment as an auditor, accountant, financial analyst, etc.
Question 2. Is the B Com course good for the future? Answer. The greatest option if you want to work in the country’s quickly growing commerce sector is a B Com course. There are many jobs available to you, and the bulk of them pay well and provide benefits. The most important thing to realise is that you have to enrol in a B.Com. programme at the right college.
Question 3. Is B.Com enough for a job? Answer. In terms of professional opportunities, a B Com degree doesn’t mean anything. Before beginning employment, one must be prepared for the workplace and productive right away. For students studying commerce, there are several options available that may be worthwhile and more productive.