by BML Munjal University
BCom courses are India’s most sought-after undergraduate courses because of the career options they offer. Commerce is the country’s most important industry and significantly impacts the economy. As the economy grows, so will the number of opportunities in the commerce sector.
A B.Com degree enables you to build a successful career. In addition, a B.Com graduate acquires a rigid financial planning and management foundation, which makes them a valuable asset to any organisation. In this blog, we will have a detailed look at the vital B.Com courses and what they entail when it comes to gaining knowledge.
What is a B Com course for?
Bachelor of Commerce is the most popular undergraduate course after the 12th standard. B.Com is a three-year undergraduate course that includes the study of financial accounting, corporate tax, company law, economics, auditing, business management, etc. The main focus of the BCom course is to equip students with the essential skills required for a lucrative career in the fields of accounting, finance, banking and insurance.
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How many types of BCom courses are there?
The BCom course is an undergraduate degree in commerce with several specialisations. The course imparts insight and understanding of a business’s financial and commercial aspects.
There are various specialisation courses under the umbrella of a B.Com course, which makes the graduates of this program very employability oriented. In addition, the course is imparted by numerous public and private colleges and universities across the country, making the course very accessible. Listed below are some of the top specialisations BCom course offers:
- B.Com Banking and Insurance
- B Com Banking Management
- B Com Professional Accounting
- B Com Taxation and Finance
- B Com Accountancy
- B Com Tourism and Travel Management
Which course is best among available BCom Courses?
Pursuing a B.Com degree is not just restricted to high school graduates. Almost any individual can easily pursue this course at any point in their career or academic timeline. B.Com is a wide academic program that offers various specialisations that can be explored further.
Which B.Com course is best for MBA?
The MBA curriculum is structured so that it becomes easy for a B.Com graduate to grasp. The curriculum of a B.Com course is almost similar to that of the MBA program. So students will not have difficulty understanding the subjects and area of study of the MBA after any BCom course. Therefore, you can pursue any specialisation in B.Com to pursue an MBA after it. Pursuing an MBA after B.Com can land you in the most rewarding career.
Which B.Com course is best for banking?
Individuals with a flair interest in banking and research-oriented technical expertise with a strong rational mind can opt for a B.Com Banking Management or B.Com Banking and Insurance course for graduation.
B.Com Banking Management and BCom Banking and Insurance include the concepts of commerce and trades or businesses. The course focuses on understanding financial accounting, financial management, business management, statistics, etc.
Which BCom course is best for CA?
- B.Com with CA is divided into six semesters and includes various topics such as financial accounting, economics, corporate tax, company law, auditing, business management, etc., to increase the skill threshold of the student.
- Chartered Accountants, or CA, are known to be one of the highest-paid career professionals in India. The individual has to receive a legal affirmation from a legal body that can offer documented proof that the following individual possesses the much-needed skills and vital capabilities to handle a business’s bookkeeping and tax collection.
Which BCom course is best for CS?
B.Com with CS intends to inculcate in students with a broad range of secretarial practices and an understanding of various organisational laws to meet quickly developing requirements for qualified labour in the corporate world.
B.Com with CS courses graduates are hired in public and private organisations in positions like Financial Analyst, Tax Analyst, Corporate Secretary, Account Executive, Process Analyst, Assistant Operations Manager, HR Business Partner, Senior Account Executive etc.
Which B.Com course is best for CMA?
B.Com with CMA (Certified Management Accountant) enables individuals to obtain substantial fundamental knowledge of several financial and management accounting subjects while pursuing B.Com.
This course enables students to attain CMA, which is globally recognised, the advanced and the highest level of certification in management. Graduates get hired to a variety of job profiles, such as Finance and Accounting Managers within companies, Investment Managers, Budgeting Managers, Costing managers, Payable Managers or Receivable Managers, Portfolio/ Fund Managers, Financial Controllers, Treasurers, Chief Finance Officers etc.
Which BCom course is best for ACCA?
B.Com with ACCA is a three to four years undergraduate course in Bachelor of Commerce that has 6 ACCA papers integrated within the course. B.Com with ACCA enables the students to finish the ACCA Professional qualification without much additional training since the curriculum is already integrated or embedded in the B.Com syllabus.
ACCA is an internationally recognised certification that enables students to study all the aspects essential for commerce and business, ranging from accounting, taxation, management, marketing, reporting, law, and government compliance, along with regular B.Com subjects.
Which type of B.Com has the highest salary?
The commerce discipline offers numerous well-paid career options for students and has seen an increase in demand for several job positions. The salary is one of the vital aspects of any job, which depends on the skill set and degrees one possesses. To ease your pathway, here is a list of the top 15 highest-paying jobs for B.Com students that can help you land a decent salary and equip you with the required experience:
- Chartered Accountant (CA)
- Marketing Manager
- Investment Banker
- Human Resource Manager
- Chartered Financial Analyst (CFA)
- Certified Public Accountant (CPA)
- Cost Accountant
- Business Accountant and Taxation
- Retail Manager
- Company Secretary
- Personal Financial Advisor
- Research Analyst
- Chief Executive Officer (CEO)
What is the average salary of a B.Com student?
B.Com Jobs in Government Sector:
Students who are interested in government services can apply for public job roles through entrance exams. Below mentioned are various jobs after B.Com in the government sector with their average salary:
- RBI Officer: INR 5.4 LPA
- IBPS PO: INR 4.2 LPA
- SBI PO: INR 5 LPA
- SBI Clerk: INR 3.5 LPA
- UPSC/SCC: INR 3.8 LPA
B.Com Jobs in Private Sector:
There are more work options in the private industry than in the government industry, even though the two industries offer nearly the same occupations. ICICI Bank, ABC Consultants, Infosys, Nestle India, KPMG, and other reputable organisations are just a few of those who hire individuals after completing a B.Com.
- Company Secretary: INR 6.7 LPA
- Tax Consultant: INR 6 LPA
- Human Resource Manager: INR 6.93 LPA
- Budget Analyst: INR 12.67 LPA
- Actuary: INR 10.11 LPA
The syllabus and subjects for the B.Com program are structured so that the students get theoretical and practical knowledge about various subjects of the course. The students of the BCom course are introduced to all major streams of finance and commerce, including Financial Services, Banking, Business, Management, Industry, etc. Some of the subjects of B.Com are:
- Actuarial Science
- Business System Analysis
What are the career options available after completing a BCom degree course?
Numerous job opportunities open up for B.Com graduates, both in the public and private sectors.
Some of the best B.Com jobs in the government sector are:
- Budget Analysts
- Chief Financial Officer
- Cost Estimators
Some of the best job options after B.Com in the private sector are:
- Business Operations Manager
- Tax Consultant
- Stock Broker
- Finance Consultant
After B.Com, which course is best?
B.Com graduates have various options if they want to study in higher education programs. Some of the courses are mentioned below:
- Master of Commerce (MCom)
- Bachelor of Education (B.Ed.)
- Master of Business Administration (MBA)
- Chartered Accountancy (CA)
- Company Secretary (CS)
- Chartered Financial Analyst (CFA)
- Business Accounting and Taxation (BAT)
- Financial Risk Management (FRM)
- Association of Chartered Certified Accountants (ACCA)
How much is the course fee to be paid to complete the BCom course in India?
The B.Com fees in India range typically from INR 10,000 to INR 1 lakh, depending on which institution the course is being offered. If a government institution offers the degree, the fees will be comparatively very low. Similarly, when imparted by a private institution, the fees will be slightly higher.
Acquire Excellent Commercial And Financial Knowledge To Advance Your Careers
The Bachelor of Commerce (Hons) program at BML Munjal University (BMU) is designed to equip students with a multi-disciplinary perspective towards trade, finance, commerce and technological integration of businesses because of digitalisation. The course structure for B.Com (Hons.) is carefully designed to impart students a broad range of skills. Moreover, the B.Com (Hons.) syllabus at BMU is updated in tandem with the issuance of a new set of Accounting and Reporting Standards by the Ministry of Corporate Affairs.
B.Com (Hons.) course syllabus at BMU also specialises in Blockchain & Financial Technologies, Banking & Insurance, Forensic Accounting and Corporate Fraud, and Derivative and Risk Management. With changing times, BMU believes in imparting all the skills necessary for a student to survive in a technologically advanced environment.