Explore Fees, Eligibility, Scope, Syllabus, Salary and everything you need to know about B.Com course in this blog…
What is B.Com?
Bachelor of Commerce, abbreviated as B.Com, is a three-year undergraduate commerce course that prepares you for career or higher education in the field and related subjects. Students who have successfully passed 12th Standard/Higher Secondary/10+2 (or equivalent) from any recognized board are eligible to get admission in this course.
The main advantage of pursuing a B.Com degree is that – on successful completion, you can either start a job right away or can opt for higher studies. While opting for higher studies, one can pursue postgraduate degrees like CA, CS, M.Com, MBA and PGDM, whereas while searching for a job, one can try in banks, retail firms, financial organizations, marketing firms, and so on.
B.Com: Quick General Highlights
|Examination Type||Semester / Yearly|
B.Com vs B.Com (Hons)
|It is an undergraduate course in the field of commerce.||It is an undergraduate course in the field of commerce.|
|It is a regular course.||The value of course and level of study is higher than the regular B.Com|
|It teaches regular subjects.||It teaches specialized subjects.|
|It teaches common concepts.||It teaches core concepts.|
Future Scope for B.Com Graduates in India
Since decades, B.Com has been one of the most popular undergraduate courses in India due to the consistent future potential it holds. This sector is one of the highest contributors to the economy and its growth is proportional to the growth of the economy. Therefore, this degree has a lot of scope & is a launch pad for an excellent career.
B.Com: Program Objectives & Outcomes
- It creates professionals who can deal with economic and financial matters.
- The program helps the students in grasping managerial skills.
- It inculcates accounting skills to the fullest.
- Concepts covered under the course include the basics of taxation, computerized accounting, law, e-commerce, and more.
- Gain conceptual knowledge and analytical skills that may help you in areas of employment at various levels.
- You need to have passed 12th Standard/Higher Secondary/10+2 (or equivalent) in the commerce stream with at least 50% marks.
- Students from other streams are also eligible based on the discretion university and college.
- You need to have scored more or equal to the cut-off percentage prescribed by the college or university.
- Some of the private colleges grant direct admission to the course irrespective of the student’s percentage.
The average tuition fee for the course ranges between INR 5000 to INR 2 Lakh for the period of 3 years.
B.Com: Admission Process
Below mentioned is the common admission process one may have to follow to take admission in government college/university, whereas private colleges offer direct admission.
- Fill in the university/college admission forms of preferred colleges available on the university website.
- You may have to attach a digital copy of your 12th marksheet, photos, etc and pay online fees while filling the form.
- Based on your preferred college/university’s cut-off and 12th marks, you will be granted admission.
*Cut-off percentage may change if any student surrenders the seat.
** Process may vary from college to college.
Some of the Top Colleges/ Universities offering B.Com courses are:
|Name of Institute||City|
|School of Open Learning, University of Delhi||Delhi|
|Chandigarh Group of Colleges||Mohali|
|Narsee Monjee College of Commerce & Economics||Mumbai|
|Symbiosis College of Arts & Commerce||Pune|
|K J Somaiya College||Mumbai|
|Mithibai College of Arts||Mumbai|
|Tolani College of Commerce||Mumbai|
|N K College of Commerce||Mumbai|
|University of Rajasthan||Jaipur|
|G N K College||Mumbai|
|Psg College Of Arts And Science||Coimbatore|
|Sdn Bhatt Vaishnav College For Women||Chennai|
|Sree Narayana Guru College Of Commerce||Mumbai|
|Narsee Monjee Institute Of Management Studies||Mumbai|
|St Joseph’s College Devagiri||Calicut|
|University Of Mumbai||Mumbai|
|Annamalai University||Tamil Nadu|
|Karnataka State Open University||Karnataka|
|Jamia Millia University||Delhi|
|Bangalore University etc.||Bangalore|
Some of the job roles in which B.Com graduates can be fit in are:
- Business Consultant
- Finance Managers
- Budget Analyst
- Financial Analyst
- Business Consultant
- Chief Financial Analyst
- Personal Financial Advisor
- Tax Consultant
- Cost Estimators
- Public Accountant
- Chartered Accountant
- Tax Assistant
- Book Keeper
- Investment Analyst
- Marketing Manager
- Chief Financial Officer
- Stock Broker
Top Recruiters for B.Com Graduates are:
- HDFC Bank
- Hewlett Packard
- ITC Infotech
- Bajaj Allianz
- Godrej & many more
Sectors in which B.Com Graduates can be employed are:
- Industrial Houses
- Inventory Control
- Business Consultancies
- Budget Planning
- Investment Banking
- Foreign Trade
- Accounting Firms
- Capital Market
- Media Houses
- Multi-National Companies
- Investment Banking
- Forensic Accounting
- Retail Stores
- Advertising, etc.
- The average salary of fresh graduate ranges between INR 10,000 to INR 25,000 per month.
- The average salary of a Chartered Accountant is between 5 lakh to 10 lakh per annum.
- The average salary of an Insurance Manager is approximately 7 lakh per annum.
- The average salary of an Account Executive ranges between 3 lakh to 5 lakh per annum.
- The average salary of a Business Consultant ranges between 8 lakh to10 lakh per annum.
- The average salary of an Auditor ranges between 3 lakh to 5 lakh per annum.
*Salaries may vary from department-to-department.
** Salary may depend on the type of job and nature of organization you work in.
***Candidates having few years of experience get lucrative pay.
Some of the entrance exams conducted by various colleges/universities are:
- Jain University Entrance Exam
- Christ University Entrance Exam
- K J Somaiya College of Arts & Commerce Entrance Exam
- Narsee Monjee Institute of Management Studies Entrance Exam
- Xavier University Entrance Exam
- University of Mumbai Entrance Exam
- Amity University Entrance Exam
- Symbiosis College of Arts & Commerce Entrance Exam
- St. Joseph’s College Devagiri Entrance Exam
B.Com: Syllabus & Course Description
Syllabus of most of the universities and/or colleges is same. Below mentioned subjects will give you a clear idea of what to expect in the degree.
- Computer Applications and IT
- Environment and Public Health
- General Awareness
- Indian Economy
- Income Tax Laws
- Banking & Insurance
- Microeconomics – I
- Financial Markets & Institutions
- Corporate Accounting – I
- Overheads SPL
- Corporate Accounting – II
- Elements of Company Law – II
- Basics of Cost Accounting Labour
- Managerial Communication
- Business Communication
- Marketing Mgmt
- Indian Banking System & Central Banking
- Macroeconomics – II
- Income Tax
- Cost Accounting
- Marketing Mgmt
- Banking & Financial systems
- Mercantile Law – II
- Marketing Mgmt
- Advance Accounting Paper 2
- B.Com. Indirect Taxes Paper 2
- Contemporary Indian Economics Issue & Policies
List of Specializations
During the course of study, you can choose various specializations. These specializations will help you gain better insight into the intricate sub-domains of the field and open doors to diversified careers. Studying these specializations will help you gain an edge over others. They are:
B.Com. in Law
B.Com. in Accounts & Finance
B.Com. in Economics
B.Com. in Marketing
B.Com. in Travel & Tourism Mgmt
B.Com. in Banking & Insurance
B.Com. in Taxation
B.Com. in Humans Resources
B.Com. in Financial Management
Factors to consider while choosing a college or university are:
Choosing the right institution is very important to carve the right career. The high-quality course leads to a plethora of opportunities that further leads to a successful career. Below are some of the parameters that you may consider while choosing the top college.
1. Affiliations –
This first important thing is to find out which university the college you are choosing is affiliated to. If the university is government approved, you can definitely go for that college.
2. Reputation –
The reputation of an institution is not hard to find out. You can easily get to know about it through its popularity in the region and social media platforms and reputation management websites.
3. Faculty –
Quality of faculty of any institution stands testimony to its reputation. You can easily check the faculty profiles on the college’s website these days.
4. Reviews & Ratings –
Reviews & ratings are honest feedbacks wrote by people like you and me. You can check those out or can either contact alumni of a particular college to get a better insight.
5. Placements –
Most colleges and universities claim 100% placements these days, but you need to choose wisely by taking note of companies that particularly visit that campus for B.Com placements.
Carefully analyse the aforementioned parameters and you will find a best college for yourself.
Best Books to Study
Business & Industrial Laws by L.C. Mittal
Business Economics by P.K. Mehta
Financial Accounting by P.C. Tulsian, Bharat Tulsian
Cost Accounting: Principles & Practice by Maheshwari Mittal
Business Laws by M C Kuchhal, Vivek Kuchhal
Fundamentals of Financial Management by R.P. Rustagi
Financial Mgmt by Ishwar Sharma, N.P. Yadav, Manju Garg