A three-year undergraduate course in ordinary and distance education is B.Com or Bachelor of Commerce. B.Com is the Commerce branch’s second most popular undergraduate course. Also there are three most common courses under B.Com, namely B.Com or B.Com-General, B.Com (Honours) and B.Com LLB. Many universities often refer to B.Com or B.Com-General as B.Com-Pass.
Candidates are taught core subjects related to Commerce and finance in the B.Com course. The candidates are also given choices to choose from a few elective subjects during the three-year cycle. The curriculum typically lasts six semesters, during which the student is taught topics such as financial accounting, corporate tax, finance, business law, auditing, business management, etc.
For students who want to have a career in Commerce, accounting, finance, banking and insurance, B.Com is the best choice. For those who wish to undertake Chartered Accountancy, Cost Accounting and Business Secretaryship, B.Com is also suitable.
Students may also seek careers in management, teaching, advertising, law, journalism, mass communication, law, architecture, etc., after completing the B.Com. Rs 3 lakh and up is the average starting salary of a B.Com graduate.
What is the Eligibility Criteria for B.Com?
Like technical and vocational courses, B.Com is provided by almost all universities and colleges in India in both standard and distance learning modes.
Here is the B.Com course eligibility criteria:
- The applicant must have studied Commerce with Accountancy, Business Studies, Economics, Maths/Optional and English as primary subjects in classes 11 and 12.
- The applicant must meet the minimum cut-off requirements for admission to the college to which they apply.
- In each college/university, the minimum cut off marks requirements which vary as they are subject to the own admission criteria of the college/university for that year.
- Factors determining the minimum cut off marks for admission to B.Com are the overall number of candidates passing on boards in Commerce, the maximum score in Commerce, the average score in Commerce, the previous year’s minimum cut off marks, etc.
What are the Opportunities for professions or work after B.Com?
You have to know what work and careers are open for you before you decide to do B.Com. This will allow you to decide the topics and specializations to choose and thus inspire you to do well in your course.
- Accountants: You will become an accountant and land an excellent job after training in accounting subjects. Good accountants are in constant need of many businesses and they also pay well.
- Banker: Many students in Commerce aim for banking work. There are some of the most interesting jobs with outstanding wages and benefits. Banking jobs have a great deal of job security as well.
- Administrators of Departments: Office managers are the people that are in charge of running an office. They have several significant responsibilities and duties. They are also responsible for the care of the petty cash and the other financial records.
- Marketing Executives: One of the very common professions taken up by people post B,com is in marketing. Many start-ups or SMEs look for young professionals to join their firm as marketing or business development executives.5. Insurance Brokers: Insurance is one of the nation’s fastest-growing sectors. Multiple B.Com graduates in this sector, graduates find stable employment. There is a high-profit potential for insurance brokers.
What are the Advantages of pursuing B. com. Degree?
- Vast job option
There are so many additional or post courses available for B-Com students, such as M-Com, MBA, CA (Chartered Accountant), CS (Company Secretary), MCA and many diploma courses, etc. After completing a Bachelor’s degree in Commerce, a person has the option of pursuing higher studies as an M-Com (Masters of Commerce) or MBA (Masters of Business Administration), both of which are postgraduate programs focusing on subjects related to Commerce, Accounting, Economics and Management.
- Greater career growth
Earning a graduate degree (B-Com) is proof of persistence, commitment, analytical capacity and the ability to cope with difficult situations, all of which are sought-after attributes for administrators and managers.
In a long-term situation that needs endurance, dedication, leadership and the ability to work well with others, an employee who has shown success would be in line with development opportunities within their company.
- Great Career Profile
After completing the course, B.Com graduate can choose to work in the job profile choice open to them depending on their caliber and interest field, such as accountant, auditor, consultant, company secretary, business analyst, finance officer, sales analyst, junior analyst, tax accountant, stockbroker, economist, trainee in business growth, etc.
What is the Average Salary of a B.com Graduate Post the Graduation?
The Bachelors of Commerce degree is one of the most popular degrees in the country and post 12 more than 50% of the students go on to pursue B.com or B.com (H). The course offers a wide variety of mixed subjects ranging from Law, Accounts, Economics, HR, Business Organization etc. Hence, there is a huge name for the course in the market.
A B.com graduate can expect a salary of anything in between 3-5 Lakhs CTC as the starting salary. However, the salary amount can be more depending on the skill-set of the individual.