Bachelor of Commerce

Duration

3 Years

Level

Graduation

Type

Degree

Eligibility

10+2 or Equivalent

BCom - Bachelor of Commerce

Bachelor of Commerce is the full form of BCom. It is a three-year undergraduate program that has rebranded itself as a more job-skill-oriented school with a wide range of specializations.

Bachelor of Commerce (BCom) is the most common undergraduate degree program in the country. This course is completed after the 12th grade. For your 10+2, you must select a stream such as commerce to continue in the stream by selecting BCom. However, students from other fields are also permitted to pursue a BCom, as this subject offers several opportunities for additional education and job advancement.

The BCom degree program is structured into three years of study. If you wish to pursue Honors, you must choose a specialization each year.

One of the primary benefits of a BCom degree is the ability to get a suitable job and begin a career immediately after graduation. After completing a BCom course from a recognized institute, students can pursue studies in teaching, advertising, journalism, mass communication, design, law, and other fields.

You can also pursue postgraduate degrees such as an MBA or a PGDM. What you study in your BCom degree serves as a solid foundation for MBA and PGDM programs.

 

BCom Course Syllabus

Most universities have the same BCom topics. The subjects will help you prepare for the degree by giving you a sense of what to prepare. The disciplines included in the BCom degree programs are as follows. These topics are covered over the three years of the program. Each year, new courses and specialties are offered.

BCom Syllabus: Semester-I

  • Business Economics
  • Commercial Laws
  • English and Business Communication
  • Interdisciplinary Psychology for Managers
  • Principles of Financial Accounting
  • Punjabi / History and Culture of Punjab
  • Principles and Practices of Management

BCom Syllabus: Semester-II

  • Business Laws
  • Business Economics-II
  • Corporate Accounting
  • English and Business Communication
  • Environment, Road Safety Education, Violence against Women/Children, and Drug Abuse
  • Human Resource Management
  • Interdisciplinary E-Commerce
  • Punjabi / History and Culture of Punjab

BCom Syllabus: Semester-III

  • Banking and Insurance
  • Business Mathematics and Statistics
  • Company Law
  • Cost Accounting
  • Goods and Services Tax (GST)
  • Issues in Indian Commerce

BCom Syllabus: Semester-IV

  • Advanced Accounting
  • Auditing and Secretarial Practice
  • Cost Management
  • Marketing Management
  • Quantitative Techniques and Methods
  • Security Analysis and Portfolio Management

BCom Syllabus: Semester-V

  • Entrepreneurship and Small Business
  • Financial Markets and Services
  • Indian Economy
  • Income Tax Law
  • Management Accounting
  • Production and Operation Management

BCom Syllabus: Semester-VI

  • Direct Tax Laws
  • Financial Management
  • Issues in Financial Reporting
  • Operational Research
  • Social and Business Ethics
  • Sectoral Aspects of the Indian Economy

 

**BCom Honors Syllabus**

A student can pursue an Honors course in BCom by taking one paper every semester beginning with the third semester in any of the four streams listed below.

1. Accounting & Finance

  • Accounting Theory and Reporting Practices (3rd Semester)
  • Contemporary Issues in Accounting (4th Semester)
  • Strategic Financial Management (5th Semester)
  • Investment Management (6th Semester)

2. Banking

  • Bank Management (3rd Semester)
  • Bank Legislation (4th Semester)
  • Electronic Banking and Risk Management (5th Semester)
  • Bank Marketing (6th Semester)

3. Economics

  • Development Economics (3rd Semester)
  • Industrial Economics (4th Semester)
  • Money and Banking (5th Semester)
  • International Economics (6th Semester)

4. Management Studies

  • Advertising & Brand Management (3rd Semester)
  • Consumer Behaviour (4th Semester)
  • Compensation Management (5th Semester)
  • Training & Development (6th Semester)

 

BCom Eligibility Criteria

The following are the BCom qualifying criteria:

  • Candidates must have completed Commerce courses in Class 11 and 12, including Accountancy, Business Studies, Math/optional subject, and/or Economics.
  • Candidates must have a minimum aggregate of 50% in the 10+2 standard.
  • Some colleges have their own entrance tests and qualifying requirements for BCom admissions.
  • Private colleges can provide immediate admission regardless of the candidate's grade point average.
  • Other 12th-standard graduates from other streams may also apply at the option of the university and college following a few conditions.

 

BCom Admission Procedure

There are numerous excellent institutions in India, but each has its own admissions process. However, when it comes to admission to the BCom degree program, these methods are not too dissimilar.

The following is the standard admission procedure for the BCom course:

  • After completing your 12th grade, you must complete the university applications available on the university's website.
  • Fill out the form and offer a list of preferred colleges.
  • You will be admitted based on your 12th-grade performance and recommended universities.
  • If you do not get into the college of your choice, you might wait until the university admissions procedures are completed before applying for direct admission.

Some colleges may have a different admissions system, but it will be similar to the one described above.

 

BCom Fee Structure

One of the main reasons why so many students select BCom is because it is one of the cheapest graduate degrees with strong employment opportunities. It is an excellent value-for-money degree program. Most BCom degree programs now cost between INR 10,000 and INR 50,000.

Although fee structures vary, most universities prefer that you pay a certain sum of fees each year. The fees charged by government institutions differ from those charged by private colleges.

 

BCom Specializations

You can pursue specialties during your three years of BCom studies. These specialties will determine your future professional path. Information about them will assist you in making an informed decision.

The following are the BCom specializations:

These specializations lead to outstanding jobs in the disciplines to which they are connected. These specializations help ensure that graduates receive competitive incomes and perks. You might also choose professional degrees such as Chartered Accountancy and Company Secretary. These courses are taken by a large number of BCom graduates.

 

Skills Required for BCom

Some abilities are essential to succeed in BCom. They will assist you in succeeding in the course. The following abilities are required-

  • Accounting Knowledge
  • Communication Abilities
  • Management Capabilities
  • Presentation Strategies
  • Well-informed

 

BCom Top Colleges

The BCom degree is offered by numerous universities in India. Choose the proper college for your BCom degree program to get the most out of it. As a result, you will receive a high-quality education as well as the possibility to pursue a successful profession. Some of the best public and private institutions are mentioned below for your consideration:

Top Public Institutions

 

Top Private Institutions

 

BCom Scope - What after BCom?

BCom remains the most popular undergrad course in India due to the numerous professional opportunities. The country's most significant industry is commerce. It is one of the most important economic contributors. As the economy grows, so will the commerce industry and the jobs available in it. As a result, a BCom has a wide range of applications and will prepare you for a successful career.

 

Career Options Following BCom?

Following BCom, there are several job prospects accessible. Students are not expected to pursue MCom or BEd degrees after completing the course. One can immediately begin working as a junior accountant, finance executive, or sales executive. Students can also pursue a career in finance and investment by enrolling in professional courses such as MBA, CA, CS, CFA, CMA, CFP, FRM, and others.

 

Higher Studies - What is the Best Course to Take After BCom?

In today's environment, a bachelor's degree is no longer sufficient for a successful professional start. Receiving high-level training or expertise in the sector of your choice is essential for gaining an advantage over the competition. To develop one's aptitude and comprehension in the area, one should enroll in academic or professional courses.

Master of Commerce (MCom): The bulk of students take MCom after BCom. It is comparable to a more advanced form of BCom in that you will study the key commerce courses in depth.

MBA: If you want to do business or work in a managing position in a company, an MBA is an excellent choice. The reputation of the college where you are studying, on the other hand, will surely have an impact on your career. It is a highly sought-after two-year curriculum. You will have several networking and career opportunities.

Masters in Applied Economics: If you are interested in economics and want to study it further, a Master's in Applied Economics is an option. This course emphasizes economics, management, and finance specialties.

Masters in Finance or Accountancy: This is the program for you if you want to further your studies in finance or accounting. Finance's technical components, as well as quantitative approaches, will be presented. The time frame will be between 1-2 years.

Association of Chartered Certified Accountants (ACCA): ACCA is recognized as one of the most distinguished organizations in the world. It is growing so quickly that the majority of students choose this subject. It consists of 14 exams and lasts around two years.

Business Accounting and Taxation (BAT): If you wish to obtain hands-on experience in Accounting and Taxation, this course is needed. This one-year study will prepare you for a career in taxes and accounting.

Cost Accounting Course: The cost department is in charge of the overall budget, cost, and profitability of a wide range of goods, activities, and services. Profit planning, cost management, pricing, cost variation analysis, and a variety of other subjects will be covered.

 

Jobs After BCom

Before opting to pursue a BCom, you should be aware of the numerous occupations and careers that are accessible to you. This can assist you in selecting which topics and specialties to pursue, as well as drive you to succeed in your studies.

Accountant

You can become an accountant after specializing in accounting courses and landing a solid job. Many businesses are always in need of excellent accountants, and they pay highly.

Banker

Many business students want to work in banking. These are some of the most comfortable careers, with high compensation and perks. Banking positions offer a high level of job security.

Office Administrators

Office administrators are in charge of operating a business. They have a wide range of significant jobs and responsibilities. They are also in charge of petty cash management.

Marketing Executives

A BCom graduate excels in marketing because of their understanding of products, services, finance, accounting, and marketing. Marketing professions often include extra benefits such as sales commissions.

Insurance Brokers

Insurance is one of the country's fastest-growing businesses. Many BCom graduates find secure employment in this field. Insurance brokers may earn a lot of money.

 

BCom Salary

Many aspects influence your salary after graduation from BCom, including the firm you work for, industry, the country's economic position, other courses and certifications, and subsequent studies. A BCom graduate may currently earn a starting salary of INR 10,000 to INR 25,000. Promotions raise, and job changes will only increase your earnings.

 

BCom Top Recruiters

Companies are also important motivators for students to select BCom and succeed in the degree. The following are the top firms that hire BCom graduates:

  • ICICI
  • HDFC
  • LIC
  • SBI

 

If you wish to work in the country's ever-growing commerce business, BCom is the degree to take. There are several occupations available to you, and the majority of them provide competitive pay and benefits. The most essential thing to remember is that you must complete the BCom course at the correct college. So, spend some time looking for a decent college and you'll be on the fast road to a successful profession.

 

Questions related to B.Com

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