Bachelor of Commerce or B.Com is an undergraduate subject that offers students a holistic overview of administrative subjects as well as a meticulous proficiency in business. It consists of combinations of subjects such as economics, finance, marketing, accounting, taxation, etc. Although most of these subjects are taught in management courses as well, B.Com students are considered to have an edge in the sphere of finance and numbers as opposed to the other management courses.
To know more about the career opportunities of B.Com and more details about the course, read the full article.
A Quick Overview Of B.Com
- B.Com is an undergraduate degree of 3 years.
- Some colleges have entrances for admission to this course, while other colleges admit students on the basis of merit in board results.
- A minimum eligibility criterion of having Mathematics in class 12th with 50% passing marks is required to do B.Com. However, that is not the case in private universities.
- Though this course is pursued by commerce students mostly, students from other streams can also pursue B.Com provided they have taken up Mathematics in 12th.
- There are 2 courses in B.Com. One is the B.Com honors and another is general B.Com. The subjects in B.Com honors are a bit more difficult than general B.Com.
Subjects Taught Under B.Com
Some of the important subjects taught under B.Com include the following.
- Corporate Accounting
- Business Studies
- Marketing Management
- Cost Accountancy
- Business Law
- Information Science
- Financial markets
There are various other subjects as well that are given as electives to the students such as consumer affairs, cyber laws, computer application, organizational behavior, etc.
Since B.Com amalgamates the business skills, financial or economic subjects and also deals with administrative work, varied skills are required for it. Some of these are as follows.
- Business mathematical aptitude
- Thinking capabilities
- Precision and accuracy
- Analyzing brain
- Basic business skills
- Accurate auditing skills
- Team spirit
- Practical skills
- Business communication skills
Need In Industry
A B.Com graduate is well versed in subjects such as statistics, finance, marketing, accounting, etc. All this is required in any industry or any company. Maintenance of finances and auditing has become one of the greatest careers today in terms of its need in industries. Moreover, B.Com equips students with skills that are required for having in-depth knowledge of the business world.
This is the reason why more and more students are pursuing such a career nowadays. Financial advisors are also on the rise today and this increases the opportunities for B.Com graduates.
Career Options in B.Com
Some of the profiles that can be pursued by B.Com graduates are
- Business analysts
- Investment analysts
- Financial analysts or auditors
- Public accountant
- Banker and broker
- Revenue brokers
- Policy planning
- Budget related work
- Capital and revenue management
- Treasury and forex department
- Financial advisors
- Investment banking
- Wealth management
- Educational institutes
Basically there is a wide variety of options available for B.Com graduates in the field of finance, economics, and business. Moreover, some students also pursue Chartered accountancy or Company Secretariat to gain more insights and have a career in these fields.
Some New-Age Careers
Although students from Economic backgrounds are mostly in the risk analyst field, students pursuing B.Com can learn the nuances of economics to pursue a career in risk analysis or risk advisory.
Data Analysis and Big data
These days companies require statisticians for policymaking, collecting and analyzing data, finding conclusions and inferences, etc. Although people studying statistics are experts in this field, one of the subjects in B.Com is statistics. So if you can combine your commerce skills with statistics, you can have more depth and knowledge regarding this field as you will have an upper hand in matters pertaining to business and finance. Data Analytics and Big Data are paid really well.
Top Companies To Work With And Perks
Some of the great companies to work with are Dell, Convergys, IBM, ICICI Bank, Deutsche Bank, EY, etc. Basically almost all the good companies require B.Com graduates.
The average salary for B.Com graduates starts with INR 5 to INR 8 LPA. It increases with your experience and expertise.
Myths Related To B.Com
While the popular belief is that B.Com encompasses a lot to do with maths, that is not generally the reality. Although, you do need basic skills in maths for Business Mathematics. It does require a lot of hard work and patience. For more myths related to B.Com read this article.
Famous Personalities In B.Com
The Noble Laureate Amartya Sen, the famous journalist Prannay Roy and Mohandas Pai, the former Director of Infosys are some of the great personalities who have a degree in B.Com. To know more about such famous personalities with a background in B.Com, click here.
How To Get Into This Wonderful Course?
Most of the colleges of Delhi University are prominent for a career in B.Com. SRCC, Hindu, Hansraj, etc are some of the colleges that admit students on the basis of merit. There are other great colleges also like NMIMS, Jamia that conduct their own entrances. For more information on the entrance, preparation strategy, and admission related queries, visit this page.