Updated On - April 26th 2021, Updated By - Kishor Kumar Bairagi
One of the best courses with various specializations offers the best job opportunities in the Bachelor of Commerce degree. A short form of this degree stands for B.com. An undergraduate course in the subject of commerce that consists of three years to complete. The B.com course is one of the prevalent degrees in the majority of colleges/Universities in India. This course is usually a preferred choice for the students who have completed their schooling in Commerce stream. However, other stream students can also opt for this course as this course has a broad scope of job opportunities and further studies.
In the field of commerce, it offers two courses, B.com general and B.com honors. Course b.com honors include specialized subjects, while B.com general offers general subjects. The eligibility criteria for the B.com course admission are to pass with a minimum of 50% marks in the 12th board exams in the commerce stream. Primarily the admission is based on the merit of class 12, but some colleges prefer to conduct B. Com entrance exams.
Bachelor of Commerce (B.Com Course) Highlights:
The B.Com programs are imparted into various modes such as B.Com regular mode, distance education, or B.Com online. The students can prefer their own choice of study, and The B.Com course has reinvented various specializations under its program. The fields include Computer applications, taxation, foreign trade, economics, management studies, accountancy, commerce, banking, etc.
After graduation, the candidates can go for post-graduate programs such as a short MBA, PGDM, M.Com, or CA. Candidates after B.Com can also opt for courses such as CS, BAT, CFA, FRM, etc.
Candidates can also opt for different B. Com programs such a B. Com LLB, B.com with ACCA, or B. Com with CA, B.Com with M.Com integrated course. These courses help the candidate to enhance their career with varied opportunities.
B.Com Course Admission 2021
B.com Course Fee Structure in India:
In India, the course fee for B.com ranges between INR 20,000 to INR 1,000,00 per annum in most colleges/Universities. The amount varies depending upon the College's placements and infrastructure, which the candidates choose to graduate.
The common subjects required in this course are Commerce Business, Accountancy Business, Economics or Mathematics or statistics. In addition to these common subjects, the students can also choose their combination of the subjects offered by the institutions or Colleges. B.com degree forms a good base for MBA and PGDM. Thus Candidates can opt for these courses after their graduation.
B.com Course Carrier options and job opportunities;
B.Com stands for Bachelor of Commerce degree in the Undergraduate level with a three-year duration. Students pursuing B.Com have a broad scope for further studies. The candidates learn Course-related issues in Commerce and finance.
B.com offers various specializations under its program. The examination pattern is semester type. After graduation, candidates are offered top positions in prestigious companies Such as ICICI, LIC, Bajaj Allianz, SBI, HDFC PwC in Banking, Consulting, Telecommunications, Manufacturing, etc. Candidates are allowed to have two backlogs in a year. They have to clear the backlogs subjects to move to next year. The Candidates can opt for CWA, CA, CSS, FRM, and other courses after graduation.
B.Com Jobs & Salary Scopes:
There is an excellent demand for B.Com graduates in the entire job sector. The numerous fields which offer Job opportunities for B.com Candidates are as follows:
- Accounting firms
- Banking and finance
- Merchant Banking
- Investment banker executive
- Educational institute/Universities
- Policy planning
The B. Com graduates are offered Auditors, Chartered accountant, Budget analysts, operation manager, Economist, Financial manager, Chief Financial Officer, Company Secretary, Teacher/Lecturer, Stockbroker, Investment analyst/broker, Tax Consultant, Bank PO, Commodity Trader, etc.
The average salary package for the B. Com starts from INR 3LPA to INR 16LPA according to the skills and top colleges' preferences.
The candidates who have completed their B.com graduation from top Universities can bag the Salary package of up to INR 37 LPA with their skills and abilities.
Some of the top recruiting companies which offer job roles to B.com graduates are
- ICICI Bank
- Ernst & Young
- Pricewaterhouse Cooper
- New India Assurance
- ICICI Prudential
- Kotak Life
- Max Bupa
Under this B.com course program. It offers various specializations such as Law, accounts and finance, Economics, Marketing, Humans Resources, Financial Management, Banking & insurance, Honours, Tourism & Travel management.
Each Specialization offers different job opportunities which will flourish the candidate's career. But the specializations which will help in growing the candidate's career are
- Com. in Economics
- Com in Law
- Com in Finance & Accounts
- Com in Marketing
- Com in Tourism and Travel Management
B.com Admission 2021:
In India, many Universities, Colleges offer course plans with different admission procedures. But the standard process is done after the merit scores of 12th from a recognized Education Board.
Candidates with the highest marks can have better chances to get admission at reputed Universities such as Banaras Hindu University, NMIMS, Delhi University. These Universities offer entrance exams to gain access.
The following Procedure for the B.Com admission course:
- Some colleges offer merit-based admission to candidates based on their marks. Access is guaranteed after the candidates make the payment.
- The candidates can apply to their preferred choice of college/university.
- Some Universities Delhi University, Christ University Banaras Hindu University, offer entrance exams such as IPU, CET, AMU entrance exam, UET, NPAT, etc.
- The candidates who opt for their prestigious University have to undergo an entrance exam followed by a group discussion and personal interview.
- The Candidates must submit the following documents along with their passing certificate and cut-off marks along with the photocopy. The candidates can apply for the application form either online by register or visit the college campus.
- Sometimes the candidates who don't get admission to their desired colleges can wait till the University admission process is over and approach for direct access.
The entrance exams in some Universities differ accordingly for the B.com course.
Top colleges/Universities for B.com Course admission 2021:
Delhi University entrance test
Each University and institutions follow different sets of instructions for the B.Com selection process. They vary from one another. Either they can qualify the candidates based on their intermediate exams or entrance exams or offer admission directly.
Top Colleges which offer Merit-based admission for B. Com 2021 course:
Some of the colleges which offer merit-based admission are Lady Shri Ram College for Women, Hindu college, Jindal School of Banking and Finance, Mumbai University, Shri ram college of Commerce, etc.
Top Universities/Colleges which offer Entrance exams for B.com admission 2021:
The top Universities in India offering Entrance exams for B.com admission 2021 are:
- TGUGCET(Telangana Gurukulam Undergraduate Common Entrance Test)
- Narsee Monjee Institute of Management Studies in Mumbai.
- Delhi University, etc.
B.Com Distance Education:
Candidates can also pursue B.com courses through Distance Education. As the duration of these courses is from 3-6 years. They can follow the time from a recognized University or affiliated college. Even in the B.com distance education, the eligibility criteria differ from one. College to another. It doesn't have an age limit. Some candidates opt for distance mode due to various reasons. They can work as well Study, low miscellaneous costs, varied options for colleges, etc.
The admission process for B.com Distance Education mode requires some documents for verification, such as
- Marksheet of +2 board exams.
- They must submit the Community certificate, nativity, and income certificates in original.
- Self-addressed stamped three envelopes.
- Self-attested copy of the S.S.L.C /S. S.C page for birth date.
The top colleges which offer distance education along with their fees are mentioned below. IGNOU is the famous and top University that provides distance education in almost all the courses and its Streams in India.
Acharya Nagarjuna University
Jamia Millia Islamia University
Karnataka State Open University
B.Com Course Fees Structure:
The fee Structure of the B.com Course varies in each college/institution. But the basic course fee for the B.Com may range from INR 7500- 1,000,00 for a year. The amount may differ from institution to institution according to their infrastructure, placement, and other facilities.
If the candidate is willing to pursue this course through Distance Education or from a central or state University, it will cost less compared to a private university.
Most of the College's/universities, follow the same syllabus for the B.Com course. Some variations may follow in some colleges. These are the common subjects in a three-year study throughout B.Com in India.
The common subjects in this B. Com Course:
- Organizational studies
- Law & Human resources
- Managing information in Labour Relations
- Banking and financial systems
- Public Policy and politics
- Supply Chain Management
- Risk Management in finances
- The analysis of the Business system
Each year it follows two semesters which follow the same pattern of the syllabus in the 1st year of B.Com
The 2nd year syllabus teaches about the fundamentals and general awareness of Management, banking, and financial systems.
Each year the semester pattern will add some specializations under its syllabus. The candidates can select the additional subjects of their choice. But the majority of the syllabus stays the same across the colleges in India.
The higher education after B.Com:
Candidates, after they complete an undergraduate degree, can opt for post-graduation in courses such as MBA, Master of Commerce, Master in Applied Economics, Masters in Finance, or Accountancy. These courses will help to grab better job opportunities and also will add skills and knowledge to the candidate's career.
Benefits of B.Com Course:
B.Com Course aims at giving the candidates better opportunities for a Lucrative Career in various fields. With the introduction of Soft new specializations under the course program. It has been effective in terms of attaining heights in the industrial as well as the business sector. Students opting for this course can gain knowledge and skills to further their Career and Job options. It allows the candidates to choose their Specializations and under it has so many Job profiles. They can earn a decent income as a fresher and hone their skills with additional experience and knowledge.