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Bachelor of Commerce, commonly known as B.Com, is a three-year degree course for undergraduates. It is recognized by the UGC or Universities Grants Commission as well. B.Com is one of the most sought-after courses for the 12th standard graduates of commerce stream. Apart from it, students can also opt for B.Com (Honors) to gain in-depth and comprehensive knowledge in commerce.
In particular, B.Com has been explicitly designed to impart and enrich business intelligence, financial knowledge, and analytical competence. It emphasizes the theoretical aspects, thus enhancing the conceptual literacy in core subjects of commerce. To sum it up, a B.Com degree helps the candidate familiarize and understand a business enterprise's financial practicalities.
About B.Com Course
B.Com offers a concrete understanding of the subjects such as accountancy, taxation, management, economics, business law, and insurance too. One can pursue the course in distance learning mode as well. There are two types of B.Com courses, such as B.Com general or pass the course and B.Com honours. The latter provides wide-ranging knowledge regarding the specialization subjects of the course.
However, many universities also offer an integrated degree for B.Com. Thus, students can pursue dual specializations such as B.Com LLB, B.Com CMA, B.Com CIMA, B.Com ACCA, B.Com, B.Com MBA, and many more.
B.Com Course Details
|Course Name||Bachelor of Commerce or B.Com|
|Course Fee||10,000 to 1 Lakh (depending on the college)|
|Admission Criteria||Merit-Based, Direct Admission, or Entrance Examination|
|Eligibility||10+2 certificate (any stream) from a recognized board|
|Average Salary Package||1.5 to 9 Lakh|
|Job/Career Prospects||CA, CS, Banking, Management, Accountant, Tax Officer, Finance, Insurance|
|Entrance Tests||NPAT, IPU CET, DUET, SUAT, CUET, BHU UET, DSAT|
Semester-Wise B.Com Syllabus
The course comprises six semesters with a total duration of three years. Likewise, the students can opt for an elective subject as per their choice in specific semesters. Usually, the Bcom Syllabus includes crucial topics such as business law, auditing, financial accounting, economics, cost accounting, taxation, etc. Here are the semester-wise details of the B.Com course list.
|B.Com 1st Year Course Syllabus|
|1st Semester||2nd Semester|
|Business Organization and Management||Language|
|Environmental Studies||Business Mathematics and Studies|
|Financial Accounting||Business Laws|
|Elective: Principles of Micro EconomicsNew Venture Planning||Elective: Principles of Macro EconomicsEconomics of Regulation of Domestic/Foreign Exchange Markets|
|B.Com 2nd Year Course Syllabus|
|3rd Semester||4th Semester|
|Income Tax Laws||Corporate Accounting|
|Company Laws||Indirect Tax Laws|
|Discipline-Particular Elective:Financial Markets/InstitutionsIndian Economy||Discipline-Particular Elective: Industrial LawsHuman Resource Management|
|Skill-Driven Subject: Financial Analysis/ReportingBanking and Insurance||Skill-Driven Subject: Investing in Stock Markets, E-Commerce|
|B.Com 3rd Year Course Syllabus|
|5th Semester||6th Semester|
|Cost Accounting||Business Communication|
|Auditing & Corporate Governance||Fundamentals of Financial Management|
|Discipline-Particular Elective: Training & DevelopmentPrinciples of Marketing||Discipline-Particular Elective: Consumer Affairs/Customer CareOrganizational BehaviorInternational BusinessEntrepreneurship and Small BusinessOffice Management & Secretarial PracticeFundamentals of InvestmentIndian Polity & GovernanceCorporate Tax PlanningManagement Accounting|
|Skill-Driven Subject: Advertising, Computer Applications in Business||Skill-Driven Subject: Cyber Crimes & LawsPersonal Selling and Salesmanship|
Why a B.Com?
A B.Com degree provides an opportunity to make a career in accounting, Banking, Finance, and Insurance. Further, the course imparts the financial knowledge and business skills required for the professional world.
Moreover, the commerce graduates can prove their understanding of capital management, budget planning, accounting, and investment banking. However, B.Com provides versatile financial literacy that makes students capable of pursuing CS, CA, CMA, M.Com, and MBA courses. Above all, a decent salary is another reason due to which B.Com is preferred by many.
Who Should do a B.Com?
Undoubtedly, B.Com is the pathway for the candidates who want to make it big in the financial sector or corporate world. Apart from it, B.Com is the preferable degree to enter the commerce or management field.
On the other hand, B.Com delivers the fundamental knowledge of M.Com to the students. Because of it, the M.Com aspirants consider a B.Com degree as the first choice. On another note, the demand for B.Com graduates has significantly increased in the private and government job sectors.
B.Com Eligibility Criteria
Different colleges follow different eligibility criteria for giving admissions in B.Com. Commonly, most colleges follow the below-mentioned criteria for B.Com graduation.
- The student must have a class 12 certificate or equivalent from any recognized boards.
- Nevertheless, the minimum cut-off percentage would vary as per the college, and Delhi University releases a cut-off close to 99% for seeking admission into B.Com. Contrary to this, some colleges keep the cut-off in the range of 45-50%.
- Although students from all the streams are eligible for admission; more preference will be given to students who had commerce in 10+2
- Most leading colleges conduct entrance tests or examinations for providing admissions. The candidate will get selected based on marks or performance in the exam.
B.Com Admission Process
The admission process for B.Com would differ from one college to another. Here are the two methods through which most colleges give admission to the candidates.
- Direct Selection or Admission: In the case of direct admission, the colleges do not conduct any entrance test. Hence, students are selected based on the marks scored in the 12th standard board exams. Moreover, the admission chances would also depend on the number of seats available for that particular course in the college.
- Admission through Entrance Examination: Leading colleges and universities such as Delhi University provide admissions in B.Com based on students' performance in the entrance test. For this purpose, there are specific state and national levels entrance examinations such as BHU, IPU, DUET, CET, SUAT, and many more.
Required Skills for a B.Com
A B.Com candidate must be proficient in accountancy and financial literacy. Besides, they should have sound basic knowledge of the core commerce subjects such as economics, business studies, entrepreneurship, human resource management, and taxation. The candidate must also have good analytical expertise with insight for management. For acing B.Com, you must possess the following skills:
- Financial analysis and numeracy skills
- Problem-solving and effective communication skills
- Good leadership qualities
- Analytical and creative skills
B.Com aspirants have versatile options for specializations in the commerce stream. However, the specializations would differ as per the college or university. Most importantly, the specializations determine one's career pathway and scope. Thus, it becomes more crucial to pick the specialization wisely as per the skills and interests. Here are the most popular B.Com course list specializations:
|Business Economics||International Business|
|Accounts and Finance||Statistics|
|Banking and Insurance||Accountancy|
|Computer Applications||Tourism and Travel Management|
|Financial Market||Banking and Finance|
|Foreign Trade Management||Taxation and Auditing|
B.Com Entrance Exams in India
|DUET||The Delhi University Entrance Test is mainly conducted by NTA or National Testing Agency to get admissions into Delhi University's offered courses.|
|IPU CET||The Guru Gobind Singh Indraprastha University directs Indraprastha University Common Entrance Test for providing admissions into its affiliated colleges.|
|CUET||Christ University Entrance Test is for seeking admissions into the courses offered by Christ University.|
|SUAT||The Sharda University leads this entrance exam for giving admissions into undergraduate courses, including B.Com.|
|NPAT||It is conducted solely by the NMIMS or Narsee Monjee Institute of Management Studies.|
|BHU UET||Banaras Hindu University conducts this entrance test for B.Com and other undergraduate courses admissions.|
|DSAT||DSU or Dayananda Sagar University organizes the Dayananda Sagar Admission Test at the national level for admissions in UG and PG courses|
B.Com Entrance Exams Syllabus
Generally, the entrance examination for B.Com consists of MCQ questions with negative markings. To score well, one must be proficient in quantitative and qualitative aptitude. Below-mentioned is the syllabus of the same.
|Mathematics (Quantitative Aptitude)||Verbal and Logical Reasoning (Qualitative Aptitude)|
|Business Studies||General Awareness|
|Accountancy||Basic Computer Literacy|
Top Colleges for B.Com in India
|Top B.Com Colleges||Fees (Full Course)|
|Shri Ram College of Commerce (SRCC), New Delhi||45,000|
|Hindu College, New Delhi||54,780|
|Lady Shri Ram College, New Delhi||61,110|
|Hansraj College, New Delhi||62,835|
|Loyola College, Chennai||37, 950|
|Christ University, Bengaluru||2.45 Lakh|
|Ramjas College, New Delhi||43,485|
|Madras Christian College (MCC), Chennai||83, 757|
|Narsee Monjee College, Mumbai||58,000|
|Sri Guru Gobind Singh College of Commerce, New Delhi||81,600|
|St. Joseph’s College of Commerce, Bengaluru||2.06 Lakh|
Courses after B.Com
After completing B.Com graduation, the candidate will have various courses to pursue further. It is important to pick the right course once you are a B.Com graduate as it helps in landing a high-paying job at an MNC. The following are the courses to opt for:
|M.Com or Master of Commerce||2 Years|
|MBA or Master in Business Administration||2 Years|
|CA or Chartered Accountant||3 Years|
|CS or Company Secretary||3 Years|
|CFA or Chartered Financial Analyst||2.5 Years|
|BAT or Business Accounting and Taxation||3 to 6 Months|
|CMA or Certified Management Accountant||2 Years|
|FRM or Financial Risk Manager||1.5 to 2 Years|
|ACCA or Association of Chartered Certified Accountants||2 Years|
|Certified Financial Planner||6 Months|
|CIB or Certificate in Investment Banking||6 Months|
Jobs and Salary after a B.Com
As stated above, a B.Com degree offers a broader career scope. As a result, the candidate has an array of job opportunities in hand with a decent salary. Sectors such as banking, finance, commerce, and management hire B.Com graduates at respectable positions in the firm. Below-mentioned are the jobs after B.Com along with their respective salaries.
|Jobs||Salary (Per Annum)|
|Junior Accountant||2.-3.5 Lakh|
|Insurance Consultant||3-4 Lakh|
|Business Consultant||8.5-9 Lakh|
|Tax Consultant||5-6 Lakh|
|Commerce Teacher||6-8 Lakh|
|Accounts Manager||5.8-6 Lakh|
|Accounts Executive||2.5-3 Lakh|
|Financial Consultant||6.2-7 Lakh|
|Bank Manager||7.5-8 Lakh|
|Import Export Manager||2.4-3 Lakh|
|Financial Manager||9-9.5 Lakh|
|Marketing Manager||8-9 Lakh|
|Stock Broker||3.9-4 Lakh|
Top Recruiters for B.Com
The demand for B.Com graduates in the industry increases significantly with each passing day. After all, financial and management know-how are the core aspects of any business. These are the top recruiters for B.Com in the segment:
|ICICI Bank||HDFC Bank|
|SBI Bank||Punjab National Bank|
|Kotak Mahindra Bank||Ernest and Young|
|New India Assurance||Bajaj Allianz|
The benefit of selecting B.Com is that you will have outstanding prospects after graduation apart from arts or science. Below are some FAQs that will provide you with a detailed summary of the course, shed light on the facts, and resolve most of the queries.
Frequently Asked Questions (FAQs)
Which B.Com specialization is the best?
What is the eligibility for a B.Com?
What is the process to obtain admission in B.Com?
Afterward, the candidate has to submit all the relevant documents in the college to finalize the admission process.
What is the duration of a B.Com?
What are B.Com courses?
Why should I do a B.Com?
Does B.Com have entrance exams?
What can I do after a B.Com?