Bachelor of commerce is a three years undergraduate management course and it is a graduation course and most of the career options in commerce require graduation. Here in this article, I will share with you the complete details about the Bachelor of Commerce (B.com) Eligibility Criteria, Career in B.com, Scope and Job Opportunity, etc.
Students who have passed 10+2 with commerce from subjects like Accountancy, Business Studies, Economics (Micro & Macro), Math’s (Optional) etc. B.com is one of the most common courses that is pursued by every class of 12th Commerce student. Around 90% of Commerce Graduates are jobless or struggling in their lives. It is all because of the less knowledge about this field. Here I have shared about each opportunity that Commerce Graduate has and they can make their future super successful. Let’s start with the Eligibility Criteria and Admission Process. Here are the complete required eligibility Criteria that are mandatory to have to take admission in the Bachelor in Commerce.
Eligibility for Admission in B.Com
- Students must have passed 12th from any board with common subjects like Accountancy, Business Studies, Economics, Mathematics (Optional) and English as main subjects.
- A candidate who has passed class 12th with Science or Arts is also eligible to apply for the B.com.
- There is no defined age limit for admission in B.com.
Admission Process in Bachelor of Commerce (B.Com)
The Admission Process of each college is different. Most of the colleges conduct the entrance examination. A student will have to clear the entrance exam of the college or university in which he is seeking admission. On the basis of the merit list prepared by the college students are selected for the admission.
There are some private colleges also that offer direct admission or Admission through the Interview or on the basis of the marks scored in class 12th board. Private colleges can grant admission by the process of donation but admission in government colleges is quite tough because of its less fees and most of the candidates opt for government college.
Syllabus of Bachelor of Commerce
B.com is the three-year-long course and most of the colleges divided these three years into six semesters. But there are some colleges that conduct the exam annually. But the Syllabus of almost every college is the same. The common subjects of the B.com course are:
- IT (Information Technology)
- Company Law
- Banking and financial systems. Etc.
Here is the complete three years syllabus of Bachelor of Commerce that one will be taught in each semester.
Career Option After Bachelor of Commerce (B.com)
Because of the wide career options, students opt for the under-graduation course in commerce i.e. B.com and in order to get better job students to go for the post-graduation, this not only widens the knowledge but also adds better skills.
Master of Commerce
Normally students choose M.COM after B.COM for further studies. It is like the advanced version of B.COM. you will get to learn detailed and systematic study in M.COM.
Master of Finance or Accountancy
If you are interested in finance or accountancy and want to study further then you can choose this field. The duration of this course is around 1-2 years.
MBA (Master of Business Administration)
If you want to do business then MBA is the best option for you but it all depends upon the credibility of the college you are studying in. It is a two-year program and most of the top colleges offer campus placement where the student gets the job right after completion of the course.
Master of Applied Economics
If you are interested in economics then you can use a master’s in applied economics. This course is only for economics lovers who want to make theirs in the field of economics.
- CA (chartered accountant)
- CS (company secretary)
- CPA (certified public accountant)
- ICWAI (Institute of costs and work accountant in India)
Finance Related Course after Commerce
- CFA (chartered financial analyst)
- FRM (Financial risk management)
- Financial modelling
- Diploma in banking etc.
Job Opportunity After Bachelor of Commerce (B. Com)
The average salary of B.com graduates varies from job to job but it ranges between 3 to 7 lacs. Commerce has a huge scope and a person who has done this course from any reputed colleges either its government or private. Most of the private banks offer direct Internship opportunities. An Internship plays an important role when you are looking for a job in any particular sector.
Apart from all those famous jobs like CA (chartered Accountant) and CS (Company Secretary). Here is the list of some other jobs after the Bachelor of Commerce (B.COM) course.
The demand for this job is very high and very few people are aware of this so the chances of getting this job are comparatively high from other jobs. Taxation is a field that attracts everyone.
This is a very interesting and demanding job and it is also very easy as compared to other jobs and the salary is also good. If you have little interest in stock management, Mathematics and financing then you must give it a try as it is a good and high payable job. The salary for this job ranges from 4 to 8 lacs.
Every company needs an auditor to check on their financial statements and accounting ledger and to maintain the accounts of the company. It is a good and highly payable job. The salary in this field starts from 4.5 lacs and goes up to 10 lacs depending upon the goodwill and size of the company.
During graduation, there is a subject of import and export where you will get to know each and everything related to export and import. And every company which is dealing with export and import or carrying export and import business requires a manager to manage and to look after all the imports and export. You can join this and after some time you can get good pay for this job. Salary starts from 2.5 lacs and exceeds up to 6.5 lacs.
The entire banks offer A and B grade jobs to graduate students. All you have to do is to crack their exam and according to your rank you will be given options to choose a bank in which you want to work, it can be either public or private sector bank. People mostly choose public bank because it is secure and have pension facility but the private banks offer more money compared to public banks but do not give any pension. The salary of bankers ranges between 50,000 to 8,00,000.
It is a very common and ideal career option. Most of the student wants to see themselves as an accountant so the competition in this field is very high. The need for the accountant continuously increases because every company needs an accountant to manage their accounts and due to competition, many more companies are entering the market. The salary package of an accountant starts from 2.5 lacs but soon you will get a hike on your salary package.
Every company needs an insurance consultant to plan the backup plan if the company meets any accidental disaster in the future. Many people are not aware of this job hence, the competition is low so the chances of getting this job are high. Salary ranges from 3 to 5 lacs.
It is more like an Insurance consultant but the paying scale is high ( 5 to 10 lacs ). The company needs a financial advisor to inform about all the profitable investments and other beneficial investments and plans for the growth of the company.
Top Ten Highest Paying Job After Bachelor of Commerce
- CA (Chartered Accountant)
- CS (Company Secretary)
- Investment banker
- Chartered Financial Analyst
- Certified public accountant
- Professional accountant
- Personal Financial Advisor
- Retail Manager
- Cost Accountant.
If you are serious about making your career in the field of commerce. Go for the Master’s program in this field. This is the field where your education and your experience does matter a lot.
FAQs For Bachelor of Commerce
Banking is one of the most common ways to get employment. Most of the candidates opt for this. But there are also many other opportunities like CA, Investment Banker, etc. As a fresher, your salary can be between 4 lakhs to 6 lakhs per annum.
Central Government as well as State Government release many vacancies every year. One can join the RBI (Reserve Bank of India), Income Tax Department and can also prepare for the Civil Services, etc.
The best college basically decided on the basis of the performance of the college that keeps changing every year. As per the recent data. Sri Ram College of Commerce, New Delhi is the best college for Commerce in India.