Bachelor Of Commerce (B.Com)

Introduction

We all have a small curiosity about the working of our country, considering Commerce. Some even like to work in the field of Commerce. But before working for it, you need to know various subjects covered by Commerce. So for those wondering the question of what should you study to perceive Commerce as your source of income considering B.Com will be helpful. Commerce is a vast field, and B.Com is one part of it. B.Com, which is also known as Bachelor of Commerce, is a three-year course to be achieved after completion of class 12th. 


Requirements
To apply for the B.Com course, an applicant must satisfy specific requirements provided by the particular college. Many universities have similar needs, but some have different. Listed below are the most commonly accepted requirements by the colleges. 

 

  • The applicant must have completed class 12th with Accountancy, Business Studies, Economics, Maths/ optional subjects along with English as their main subjects from a recognized board.
  • As per many colleges, the minimum aggregate marks of the applicant in the class 12th should reach a score of 50%. 

 

Entrance Examinations

Some colleges do not conduct entrance examinations and give admission to students based on class 12th marks. While some provide access based on the entrance examination conducted by them or any organization. Here are a few renowned entrance examinations.

 

Entrance Exam

Full Form

Description

IPU CET

Indraprastha University Common Entrance Test

IPU CET is an online test conducted by the Guru Gobind Singh Indraprastha University(GGSIPU) for applicants seeking admission for Undergraduate and Postgraduate courses in the field of Engineering, Medical, Dental, Management, and Law offered by Indraprastha University Common Entrance Test.

DUET

Delhi University Entrance Test

DUET is an online test conducted by National Test Agency(NTA) for applicants admiring admission in Undergraduate, Postgraduate, M.Philosophy, and Ph.D. courses administered by Delhi University.

NPAT

National Test for Programs After Twelfth Test

NPAT is an online test conducted for students admiring admission in various Undergraduate and Integrated courses offered by the Narsee Monjee Institute of Management Studies or the NMIMS University.

LPUNEST

Lovely Professional University National Eligibility and Scholarship Test

LPUNEST is an online test conducted by Lovely Professional University itself for students seeking admission in Undergraduate and Masters in the field of Engineering, Law, Management, Law, Design along with Agriculture and some other.

 

Specialization

B.Com provides various specialities that have to be taken up with the studies.

 

Specialization

Description

Average Fees

Average Salary

Accountancy

Accountancy focuses on developing analytical skills and accounting artwork, which is essential for the student.

₹20,000

₹4,79,000

Banking Management

Banking Management provides professional knowledge about the working of Banks like financially and other factors.

₹2,00,000

₹4,36,000

Computer Applications

Computer Application is a course design to train the students about fields like banking, accounting, stock markets along with insurance and marketing.

₹25,000

₹4,21,000

E-Commerce

Online business is booming nowadays, but to run it, you require a lot of knowledge which is provided by E-Commerce. E-Commerce covers subjects like Cost Accountancy, Finance, International Business, Information Sciences, and Economics.

₹30,000

₹4,36,000

Economics

Getting solutions to economic issues by analyzing different factors is taught in Economics. It also strengthens specialties like cost accounting and organizational behavior.

₹3,00,000

₹4,89,000

Foreign Trade Management

Foreign Trade Management teaches various essential aspects related to import and export carrying out in the trade cycle.

₹20,000

₹7,20,000

Honours

Honours aim at building business skills through subjects like organizational behavior and cost accountancy.

₹1,00,000

₹4,79,000

Management Studies

Management Studies let the students get a basic idea about diagnosing solutions related to the management of a company. Topics covered by this course are commercialization, statistical research, customer demands, trade, and labor market.

₹50,000

₹3,76,000

Taxation

Taxation provides essential knowledge to the students, which are tax calculating, accounting, and finance.

₹25,000

₹4,12,000

 

Syllabus 

The B.Com course constitutes three years and further represented into six semesters. Subjects are segregated in this format. 

 

Semester

Subjects

I

  • Environmental Studies
  • Financial Accounting
  • Business Organization and Management
  • Principles of Micro Economics(Elective)
  • New Venture Planning(Elective)

II

  • Language(English/Hindi/Modern Indian Language)
  • Business Laws
  • Business Mathematics & Statistics
  • Principle of Macro Economics(Elective)
  • Economics of Regulation of Domestic and Foreign Exchange Markets(Elective)

III

  • Company Law
  • Income Tax Laws(Elective)
  • Indian Economy(Elective)
  • Financial Markets and Institutions
  • Banking and Insurance
  • Financial Analysis and Reporting

IV

  • Indirect Tax Laws
  • Corporate Accounting
  • Human Resource Management
  • Industrial Laws(Elective)
  • E-Commerce
  • Investing in Stock Markets

V

  • Auditing and Corporate Governance
  • Cost Accounting
  • Principles of Marketing(Elective)
  • Training and Development(Elective)
  • Computer Applications in Business
  • Advertising

VI

  • Fundamentals to Financial Management
  • Business Communication
  • Personal Selling and Salesmanship
  • Cyber Crimes and Laws
  • International Business
  • Consumer Affairs and Customer Care

 

Institutes

Many institutes offer the course of B.Com, but there are very few best institutes out of them. These top institutes are showcased in the table below.

 

Institutes

Cities

Average Annual Cost

Christ University

Bangalore, Karnataka

₹1,85,000

Madras Christian College

Chennai, Tamil Nadu

₹28,000

St. Joseph’s College of Commerce

Bangalore, Karnataka

₹60,000

Sri Venkateshwara College

Bangalore, Karnataka

₹40,000

Mithibai College of Arts and Commerce

Mumbai, Maharashtra

₹6,000

Narsee Monjee College of Commerce and Economics

Mumbai, Maharashtra

₹5,000

K.J. Somaiya College of Arts and Commerce

Mumbai, Maharashtra

₹10,000

Delhi College of Arts and Commerce

New Delhi, Delhi

₹10,000

Hansraj College

New Delhi, Delhi

₹21,000

Goswami Ganesh Dutta S.D. College

Chandigarh, Chandigarh

₹13,000

 

Future Prospects

There are many opportunities available for a B.Com degree holder. Some of these are listed in the table below.

 

Job Positions

Descriptions

Annual Average Salary

Accountant

An Accountant has to prepare entries of assets, liabilities, and capital accounts by analyzing the given information.

₹4,00,000

Tax Consultant

Advising about tax planning, compliance, and returns is the duty of a Tax Consultant.

₹4,65,000

Bank PO

Observing the clerical work, making and supervising decisions, managing cash balances, etc. is the responsibility of a Bank PO or Bank Probationary Officer.

₹5,20,000

Account Executive

An Account Executive holds the duty of monitoring the creative staff and also organizes campaigns about advertisements.

₹3,00,000

Event Manager

Planning, organizing and managing promotional, social, and business events are the work of an Event Manager.

₹5,40,000

Travel & Tourism

Travel & Tourism companies are expected to look upon booking tickets of their customers and ensuring a safe and hassle-free tour for them.

₹6,50,000

Commodity Trader

A Commodity Trader deals with investing in substances like oil, gas, gold, crops, and such.

₹7,20,000

Actuary

Every insurance company hires at least one actuary to look upon the statistical and mathematical techniques to calculate the financial consequences.

₹4,80,000

Book Keeper

Managing the books of accounts like journals is the work for which a Book Keeper is hired.

₹2,80,000

 

 

 

3 Comment
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