Commerce refers to Transactions like sales and purchases, conducted in order to supply commodities which are in the form of goods and services.
Bachelor of Commerce is an Undergraduate Academic Degree awarded for a course or program in Commerce. It is popularly known as B.Com. which is an abbreviated form of the Commerce Degree. Bachelor of Commerce degree programs generally last 3 to 4 years depending upon the country. In India, the duration of Bachelor of Commerce Degree spans over a period of 3 years. A person seeking the Science Degree needs to study 5 subjects. There are limited number of combinations of subjects as compared to Arts stream. One can opt for various combinations depending upon the availability of choices in various Institutes. Bachelor of Commerce is considered the second option for those who are not that good in Science and those who think that Arts Degree is of less importance as compared to Commerce. So the students who are not able to make it in science stream generally opt for Commerce as per the Indian Trend. Bachelor of Commerce course is offered in many different disciplines to train candidates in a particular field. The degree provides the students with a wide range of managerial skills and competence in a particular area of Commerce. It equips students with the knowledge of accounting principles, export and import laws, economic policies and other aspects that impacts trade and business. Commerce students can take up CA, CWA, CSS and other courses easily. There are novel courses like foreign trade and advertising for those who want to do graduation.
Eligibility for B.Com. Degree
Students with 50% in H.S.C. examinations (10 + 2) from a recognised Education Board with Science, Arts or Commerce stream can opt for Bachelor of Commerce. Students who have studied Commerce in 10+2 are given preference over others.
Bachelor of Commerce Degree Subjects
- Accountancy
- Cost Account.
- Statistics.
- Management.
- Human Resource.
- Computer.
- Economics.
- English.
- Law.
- Marketing.
- Finance.
Bachelor of Commerce Degree Specialisations
- B. Com - Advertising & Sales Management : In this program students are taught about the important aspects of Advertising and Sales Management. It is beneficial for students who want to work in marketing and advertising industry.
- B. Com. - Computer Application :- In this program students are taught about computer application, software development and operating procedures, along with regular commerce subjects like accounts, economics, statistics, etc.
- B. Com. - Foreign Trade : In this program students are taught about the foreign trade procedures and transactions, along with regular B. Com. subjects. It is beneficial for students who want to work in a company involved in import and /or export activities.
- B. Com. - E-Commerce : In this program students are taught to effectively manage e-commerce business like online shops, or business portals along with technical and legal issues associated with it. It is beneficial for those students who have a knack for Commerce in the Electronic form.
- B. Com. - Honours : B. Com (H) is an extensive form of General or Pass Course B. Com. Many colleges run these courses in semester system like in Engineering, MBA or other courses. Students are taught all the subjects in more detailed form than they are covered in normal B. Com. Besides students are allowed to choose one subject for specialization in their final year. For example one can opt for specialization in Accounts, Cost Account, Management, Computer, Economics or any other subject.
- B. Com - Office Management : In this program students are taught about computer applications, office administration, communication skills, work ethics and corporate culture. It is beneficial for those students who are interested in managing an office.
- B. Com - Tax Procedure : In this program students are taught tax procedures and essentials, along with other commercial subjects. It is beneficial for students who want to work in Accounts or Tax department of any company or those who want to start their own tax consultancy firm.
Who can and Who should pursue Bachelor of Commerce Degree
Bachelor of Commerce is generally considered to be meant for people who are not cut out into the black and white mould of Arts or Sciences. Bachelor of Commerce degree specifically covers the general aspects of accounting and business. Hence, only those students who are good in numerical ability i.e simple calculations and students who have an analytical mind to interpret facts and figures should go for this degree. Good Communication skills, patience and confidence to handle responsibilities are other necessary skills needed to pursue this course. Students who are weak in Maths should opt out of this field as this field is heavily based on calculations.
Advantages or Benefits of Bachelor of Commerce Degree
- Many subjects up during B. Com courses provide employment or self employment opportunities with graduation itself.
- Bachelor of Commerce Degree holders have a High Employment Rate as there is no business which does not require a Manager or a Commerce Specialist to manage the financial aspects of their respective businesses. All the companies registered under the Companies Act, are required to get their accounts audited only by practising Chartered Accountants because of which accountants never run out of job.
- A qualified Chartered Accountant also has the option of joining the Government Service, Public Sector undertakings or taking up a lucrative assignment in the private sector.
- The study of Commerce provides a platform for work opportunities in a range of financial services, banking, business, industry, management, entrepreneurial ventures, law, hotel management and government services.
Bachelor of Commerce Jobs
As the businesses are expanding globally with the use of latest technology, there is growing requirement for qualified and trained individuals to look after day to day business operations successfully.
Employment Areas
- Banks.
- Budget Planning.
- Business Consultancies.
- Educational Institutes.
- Foreign Trade.
- Industrial Houses.
- Inventory Control.
- Investment Banking.
- Marketing.
- Merchant Banking.
- Public Accounting Firms.
- Working Capital Management.
- Policy Planning.
- Public Accounting Firms.
- Treasury and Forex Department.
Job Types
- Auditors.
- Actuaries.
- Book Keepers.
- Budget Analysts.
- Business Consultants.
- Certified Public Accountant.
- Chartered Management Accountant.
- Chief Financial Officer.
- Cost Estimators.
- Entrepreneurship/Own Business.
- Finance Managers.
- Financial Analyst.
- Human Resource Managers.
- Investment Analysts.
- Marketing Managers.
- Personal Financial Advisor's.
- Stock Brokers.
- Teacher/lecturer.
