Navigate the World of Commerce with a Bachelor of Commerce

In the higher education field, there are many undergraduate degrees. Students have various choices, but those who have completed their schooling in the commerce stream are inclined toward a Bachelor of Commerce degree. BCom graduates are in high demand in India and abroad because of their specialised knowledge in commerce. 

There are numerous career options for BCom graduates in the fields of accounting, insurance, auditing, retail, logistics, finance, banking, taxation, consulting and hospitality. This blog will discuss the Bachelor of Commerce details, its benefits, admission procedure and career opportunities. Let's start!

What is a Bachelor of Commerce?

A Bachelor of Commerce degree is a UG degree emphasising a wide range of skills, from finance and economics to marketing and management. BCom is a 3-year course recognised by the University Grant Commission (UGC). It is divided into 6 semesters. You can pursue a BCom degree full-time or online. This course is the most popular among the students who have completed their 12th class with commerce stream. With this degree, students get a multifaceted perspective towards the technological integration of business, commerce, trade and finance because of digitalisation. Before moving on to the benefits of a B.Com degree, let us have a look at the various specialisations available for students:  

1.  Accounting
2. Financial Risk Management
3. Actuarial Science
4. Banking
5. Taxation and Auditing
6. Forensic Accounting
7. Insurance

Benefits of Pursuing a Bachelor of Commerce

Selecting a BCom degree after completing the 12th class can be a wise decision for you. Here are some reasons why you should pursue a Bachelor in Commerce:

• Strong business foundation: BCom provides you with the basic foundation of business, economics, and finance, helping you grasp how the business world works.

• Financial literacy: The course typically covers financial management and accounting. It teaches important financial literacy and money management skills for personal and professional life.
• Entrepreneurship: BCom graduates attend classes on entrepreneurship, giving you the knowledge and skills to launch and run your own company or business.

• Global perspective: Many BCom programs include teachings about international business and help you grasp worldwide markets and trade, which are valuable in our interconnected world.

• Networking Opportunities: The BCom program often encourages building connections with professors, classmates, and industry experts, offering valuable opportunities for internships, jobs, and career advancement.

• Job opportunities: Graduates of this degree find ample job opportunities as every company requires managers, commerce experts, or accountants, ensuring constant demand in this field.

Bachelor of Commerce Syllabus

The syllabus of a BCom degree covers many subjects to give a thorough understanding of business and accounting. Some general subjects are mentioned below: 

• Accountancy - This subject deals with the study of many concepts of reporting, accountancy, measuring and banking transactions, learning about fraud, and managing budgets.

• Taxation - In this subject, you will gain knowledge about taxation, how it is imposed on businesses and other entities, their types, legal rights related to taxation, penalties, etc. 

• Financial Systems - This subject provides you with a thorough understanding of the concepts and topics related to the exchange of funds, finance, what are types of financial systems, etc.

• Business Management - The subject covers the concepts of Business Management and imparts certain pivotal skills required to effectively manage business.

• Financial Economics - This is a branch of Economics that focuses on how to analyse financial market, corporate sector problems, concepts of capital budgeting, and how to read and understand portfolios. 

BCom Admission

Now you have reviewed the benefits and syllabus of this course if you have decided to enrol, you must meet the BCom admission eligibility criteria. 

• Admission procedure may vary from college to college as per their requirements.
• Many colleges take direct admission through a merit list.
• Some universities take admission through entrance exams.
• Candidate must have completed 10+2 from a recognised university.
• The minimum percentage requirement is 45-50 % in 12th class.

Career Opportunities 

Graduates of this course have many career opportunities in many fields, and they can choose any job role as per their interest. Some top job roles are mentioned here with average salary:

• Auditor                 INR 4 – 9 LPA
• Banker                 INR 4.5 – 7.5 LPA
• Stock Broker           INR 2.5 – 6 LPA
• Export-Import Manager     INR 6.5 – 15.5 LPA
• Accountant           INR 3.5 – 6 LPA
• Tax Consultant     INR 7.5 – 10 LPA
• Finance Consultant     INR 6 – 16 LPA
• Insurance Consultant     INR 2.5 – 12 LPA

Conclusion 

The Bachelor of Commerce degree provides you with a better understanding of business. The syllabus of this degree is designed to offer a thorough understanding of finance and business studies, and students gain theoretical knowledge with hands-on experience during this programme. BCom opens various career opportunities to students so they can make their professional careers bright.