A Guide to B. Com Course: Eligibility, Career, Fees, Benefits and More

B. Com Course: Eligibility, Career, Fees, Benefits & More

Bachelor of Commerce (B. Com) Course – Overview

Bachelor of Commerce or B. Com is the most popular undergrad course in the country. This course is done after 12th standard. For your 12th, you have to choose streams like commerce, science and arts, and the students who did commerce, continue in the stream by choosing B.Com. However, students of other streams are also allowed to opt for a B. Com and this happens as this course has a lot of scope for further studies and making careers.

One of the main advantages of the B.Com. degree is that you can find a good job and start a career right after graduation. You can also go for further studies for postgraduate degrees like MBA and PGDM. What you learn in your B.Com. degree forms as an excellent base for MBA and PGDM. Therefore, if you are thinking of doing B.Com. after 12th, you are on the right track for a good education.

B. Com Course: Highlights

B. Com Full Form  Bachelor of Commerce
B. Com Course Level  Graduate
B. Com Course Duration  3 Years
B. Com Eligibility  12th Pass
B. Com Course Fee  Ranges between INR 10,000 to INR 50,000
B. Com Examination Type  Semester Pattern
B. Com Admission Admissions granted by university based on 12th score. Direct admissions in private colleges.
B. Com Average Salary  Starting salary range of INR 10,000 to INR 25,000
B. Com Recruiting Companies  ICICI, HDFC, PwC, LIC, Bajaj Allianz, SBI

 

B. Com. Course Duration

The B.Com. degree course is divided into 3 years of education. Each year, you have to select a specialisation. You are also allowed to have 2 backlogs in a year. But these backlog subjects have to be cleared in the next semester in order to move to the next year. If you can’t clear them or fail in more than 2 subjects, you will have to repeat the year.

 

B. Com. Course Eligibility Criteria

Not everyone is eligible to do B.Com. You need to clear certain eligibility criteria that you need to fit into. This is the following criteria:

  • You need to have passed 12th standard in the commerce stream
  • 12th standard graduates from other streams may also apply based on the discretion university and college.
  • Colleges have cut-off percentages. You need to have scored more or equal to the cut-off percentage. Only then can you get admission. Colleges keep reducing cut-off percentages till seats get full.
  • Private colleges can grant direct admission irrespective of the candidate’s percentage.

 

B.Com. Admission Process

India has many top universities in the country, but each of them has different admission procedures. However, these procedures are not too different from each other when it comes to admission for the B.Com. degree course.

The following is the common admission procedure you will have to go through for B. Com course:

  • After passing your 12th standard, you have to fill out the university forms available on the university website.
  • Fill out the form in which you can provide a list of preferred colleges.
  • With the form, you have to attach a digital copy of your 12th standards marksheet and pay the required online fees.
  • Based on your 12th score and preferred colleges, you will be granted admission.
  • On the rare occasion, you don’t get admission into the college of your choice, you can wait till the university admission procedures are over and approach for direct admission.

Some universities may have a different admission procedure, but it will not differ much from the procedure stated above.

 

B.Com. Course Fees

One of the biggest reasons why so many students choose B.Com. is that it is one of the most affordable graduate courses, which also provides good career options. It is a complete value-for-money degree course. Today, most B.Com. degree courses have a fee range in INR 10,000 to INR 50,000. The fee structure may differ, but most colleges prefer you to a certain amount of fees each year.

 

B. Com. Syllabus

B.Com. subjects in most universities are the same. The subjects will give you an idea of what to expect in the degree, and prepare accordingly. The following are the subjects in the B.Com. degree course. These subjects are common throughout the 3 years of the course. Other subjects and specializations get added on each year.

Common Subjects

  • Accounts
  • Economics
  • Maths
  • Company Law
  • Marketing
  • IT
  • Tax
  • Banking & Financial systems

1st Semester 

  • Accounts
  • Economics
  • Maths or Computer
  • Business Communication
  • Computer Applications and IT
  • Environment and Public Health
  • English
  • Second Language

2nd Semester

  • Accounts
  • Economics
  • Maths
  • Computers
  • Management
  • General Awareness 1&2

3rd Semester

  • Indian Economy
  • Income Tax Laws
  • Banking and Insurance
  • Corporate Accounting – I
  • Microeconomics – I
  • Financial Markets & Institutions

4th Semester

  • Overheads SPL
  • Corporate Accounting – II
  • Elements of Company Law – II
  • Basics of Cost Accounting Labor
  • Macroeconomics – II
  • Managerial Communication
  • Business Communication
  • Marketing Management
  • Indian Banking System & Central Banking

 

5th Semester 

  • Income Tax
  • Cost Accounting
  • Entrepreneurship
  • Banking & Financial systems
  • Marketing Management

6th Semester

  • Mercantile Law – II
  • Marketing Management
  • Advance Accounting Paper 2
  • B.Com. Indirect Taxes Paper 2
  • Contemporary Indian Economics Issue & Policies

 

Salary after B. Com Course in India

There are many factors that decide your salary after graduating from B.Com. – factors like the company you land a job in, industry, the economic situation in the country, additional courses and certifications, and further studies. Currently, a B. Com graduate can expect a starting salary in the range of INR 10,000 to INR 25,000. Promotions, increments, and job change will only improve your salary figures.

 

List of B. Com Specializations

During your 3 years of education in B.Com., you can choose specializations. These specializations are the deciding factors for your future career. Information on them will help you make up your mind in advance.

Here are the B.Com. specializations:

  • B.Com. in Law
  • B.Com. in Accounts & Finance
  • B.Com. in Economics
  • B.Com. in Marketing
  • B.Com. in Tourism & Travel Management
  • B.Com. Honours
  • B.Com. in Banking & Insurance
  • B.Com. in Taxation
  • B.Com. in Humans Resources
  • B.Com. in Financial Management

These specialization open doors to excellent careers in the fields they are related to. These specialization also ensure graduates get good salaries and benefits. You can also think of doing professional degrees like Chartered Accountancy and Company Secretary. Many B.Com. graduates do these courses.

 

B.Com. Scope in India

B.Com. remains the most popular undergrad course in India as there is a lot of scope for making careers. Commerce is the most important industry in the country. It is one of the highest contributors to the economy. So, as the economy grows, the commerce industry will also grow along with careers in it. Therefore, a B.Com. has a lot of scope and will set you up for an excellent career.

 

Career or Jobs Opportunities after B. Com Degree

Before deciding to do B.Com., you have to know what jobs and careers become available to you. This will help you decide the subjects and specializations to choose and further motivate you to do well in your course.

 

1. Accountants –

After specialising in accounting subjects, you can become an accountant and land a good job. Many companies are in constant need of good accountants and they also pay well.

2. Banker –

Many commerce students aim for banking jobs. These are some of the cushiest jobs that have excellent pay and benefits. Banking jobs also have a lot of job security.

3. Office Administrators –

Office administrators are the ones in charge of running an office. They have many important roles and responsibilities. They are also in charge of managing the petty cash and the

4. Marketing Executives –

Owing to a B.Com. graduate’s knowledge of products, services, finance, accounting, and marketing, they do well in the field of marketing. Marketing jobs also come with additional perks like sales commissions.

5. Insurance Executives –

Insurance is one of the fastest-growing industries in the country. Many B.Com. graduates find stable careers in this industry. Insurance executives have high earning potential.

 

How to Choose Top B. Com College

To get the most out of your B.Com. degree course, do it from the right college. This will result in you getting a high-quality education and opportunities to make a successful career. Here are some parameters that will help you to choose the top B.Com. college.

1. Affiliations –

Found out which university is the college affiliated to. If the university is government approved and reputable, you can be confident that the college is a top college. Also, look for affiliations to other institutions and organisations repute.

2. Reputation –

Top colleges quickly gain reputation, and they are famous in the city and state they are located. You will not have to work hard to check out the reputation of the college.

3. Faculty –

One of the most important parameters to judge a college by is the quality of the faculty. Most B.Com. courses are good, but if they are not taught by good teachers, what’s the point. Faculty information is always present on the college’s website.

4. Reviews & Ratings –

There are many honest websites that provide accurate reviews and ratings. You can check those out, You can also contact alumni networks to get their opinion on the college.

5. Placements –

Top colleges tend to have the best companies come to them for placements. There are many colleges that give 100% placements, but you have to take note of the companies that come for campus placement.

Look for these parameters and you will find the best B.Com. college for yourself.

 

Top Companies Hiring B. Com Graduates

Companies also become big motivating factors for students to choose B.Com. and do well in the course. Here are the top companies hiring B.Com. graduates:-

1. ICICI –

India’s largest private bank is always on the lookout for new talent. They hire quite a few B.Com. each year.

2. HDFC –

HDFC is quickly expanding into other areas of business, and is in expansion mode. They also hire a lot of B.Com. graduates.

3. PwC –

Though PriceWaterhouseCooper is based in London, this professional services company has big plans for India and is hiring a lot of B.Com. graduates.

4. LIC –

The national insurance provider is one of the most profitable companies in the country. B.Com. graduates can find clerical, executive, and agent careers here.

5. SBI –

The biggest nationalised bank in the country is a dream place to work for many. They have taken over many banks and need B.Com. graduates for further expansion.

 

Benefits of Doing B. Com Course

1. Professional Course –

The B.Com. course is a professional course aimed at giving students an opportunity to start their careers trite after graduation. Even all the subjects and specializations are related to business and industry.

2. Stepping Stone for Higher Education –

One of the biggest reasons why students choose B.Com. is that they can use the knowledge gained in the degree of higher education. MBA, PGDM, MMS, CA, and CS are some of the postgraduate courses for B.Com. graduates.

3. Many Jobs & Industries to Choose From –

Commerce is pretty much an integral part of every industry, so B.Com. graduates can find a job anywhere. They have the luxury to choose which industry they want to work in.

4. Entrepreneurship Opportunities –

In the B.Com. degree course, students learn everything about starting a business. Many B.Com. graduates take the plunge into entrepreneurship and find success.

5. Financial Security –

B.Com. graduates get decent starting pay and go on to earn more. Their job is also quite secure in most industries, so the factor of financial security is considered to be a huge benefit.

 

Difference Between B.Com. and B.Com. (Hons)

B.Com. (Hons) is another popular form of B.Com. But there are a few fundamental differences between the two. B.Com. has more general subjects whereas B.Com. (Hons) has a wider choice of specialised subjects. B.Com. is more commerce and job-oriented whereas a B.Com. (Hons) is more business-oriented.

Both degrees are also good for students wanting higher education. B.Com. is more suited to MBA and PGDM while a B.Com. (Hons) is more suited for CA and CS. Students can definitely consider both these degrees for excellent careers.

 

Other Related Courses

There are other courses as well that are related to B.Com. It is important to know about these courses as well before choosing B.Com. to have an idea of the education options available. The related courses are: –

  • BBA (Bachelor of Business Administration)
  • BBM (Bachelor of Business Management)
  • BMS (Bachelor of Management Studies)
  • BBS (Bachelor of Business Studies)
  • BCA (Bachelor of Computer Application)

Many students choose these courses as well, as they are business and commerce related just like B.Com. But these courses are a lot more expensive to pursue.

 

Required Skills for B.Com. Course

There are some skills required to do well in B.Com. They will help you excel in the course. Here are the required skills: –

  • Communication Skills – Communication skills are important because during the course, and in your career, you will be working with many people.
  • Accounting Skills – Accounting is one of the main subjects in B.Com. It plays a huge role in the marks you score, the careers you get, and the salary you earn.
  • Presentation Skills – Most modern B.Com. courses need this skill. You will be presenting assignments in your course, and even in your career.
  • Management Skills – Many B.Com. graduates go on to become managers. So, if you have good management skills, you can go far in your career.
  • Well Informed – B.Com. students need to have good knowledge of the economy and current affairs as this knowledge is tested in the B.Com. course.

Even if you don’t have these skills, you can work on and develop them.

B.Com. is the right course to pursue if you want to work in the ever-growing commerce industry of the country. There are many careers you can pursue, and most of these careers come with good salaries and benefits. But the most important thing to know is that you have to do the B.Com. course from the right college. So, invest some time in searching for a good college and get on the fast track for a good career.

 

ASM’s CSIT (College of Commerce Science & Information Technology) is the best place to pursue B.Com. This college is located in Pune, a city known for its high-quality education. It is also affiliated to Savitribai Phule Pune University which is one of the best universities in Asia. get in touch with the college’s counsellors or fill out the enquiry form on their website. They will get in touch and you can get all the info about their B.Com. degree course.

ASM CSIT
ASM CSIT
ASM’s College of Commerce, Science Information Technology (CSIT) is one of the best UG, PG colleges in Pune. CSIT offers IT Courses, management courses, and integrated courses affiliated to the University of Pune.