Bachelor Of Commerce(B. Com)

Description

BCom or Bachelor of Commerce course is a three-year UG degree course recognised by the Universities Grants Commission (UGC). Along with the full-time delivery mode, one can also pursue Distance BCom or Online BCom course. BCom is one of the most popular courses amongst the Class 12 graduates with the Commerce stream. As per the AISHE reports, with nearly 9.33 lakh enrolment, B.Com has been the third most desired course in India after Class 12. Besides B.Com, candidates can also pursue BCom (Honours) if they wish for in-depth knowledge in the Commerce stream.

The honours course is designed to offer knowledge in specialised subjects; while, the general BCom course focuses on an overview of all the subjects under the umbrella of the Commerce stream. Apart from BCom General or BCom Hons, several universities offer integrated B.Com courses; BCom LLB, BCom MBA and BCom CMA are a few of the integrated courses on offer.

The three year BCom course is divided into six semesters. Students pursuing the course can choose elective subjects of their choice in some semesters. Subjects taught during a BCom degree course includes Financial Accounting, Business Laws, Economics, Taxation, Auditing, Cost Accounting, among others. With a BCom degree, one get an option to start a career in related fields such as Finance, Accounting, Banking, Insurance, etc. The average starting salary of a BCom graduate is INR 3 LPA. Besides B.Com, a major chunk of students passing Class 12 with Commerce stream aspire for Chartered Accountancy, Company Secretaryship, and Cost Accounting. After completion of the BCom course from a recognised institute, one can go for courses in teaching, advertising, journalism, mass communication, design, law, etc.

BCom Course Details

Fee Structure

The average BCom course fees are in the range of INR 7,500- 3 LPA. The course fees differ for colleges or universities as per the facilities, location, infrastructure, etc.

Below is a list of the best BCom colleges along with their average fees:

BCom Specialization

The Bachelor of Commerce is a three-year-long undergraduate program with several specializations. There are many specialization courses under the umbrella of a BCom degree, which makes the graduates of this course very employability oriented.

Listed below are some of the top specializations and BCom courses list:

• BCom Banking and Insurance
• BCom Banking Management
• BCom Taxation and Finance
• BCom Accountancy
• BCom Tourism and Travel Management
• BCom Economics

Other popular B.Com courses list is given below:

Types of Bachelor of Commerce Courses

The course has full-time, part-time, and distance options available to aspirants. The following B.Com course details are provided below:

Distance Bachelor of Commerce Course

Distance B.Com is also a three-year course that helps students develop their knowledge of business communication, finance and corporate accounting, business law, and bookkeeping. BCom through distance learning is ideal for candidates who cannot complete a regular BCom course. The average fees of distance B.Com range from INR 10,000 - 50,000 PA.

Top BCom Distance Education Colleges in India

Given below are some of the best BCom colleges in India that provide distance education:

Top BCom Colleges in India

BCom is one of the diverse degree that provides employment options in various industries. The course is offered by various prominent colleges in India, such as Delhi University, Loyola College, etc. Aspirants can pursue a BCom in India based on their merit and entrance exam scores.

Top BCom Government Colleges in India

BCom degree is offered by various prominent government colleges in India. The average BCom fees in government colleges range between INR 7,500-50,000 PA. Below is a list of Bachelor of Commerce government colleges in India:

Top BCom Private Colleges in India

There are various private colleges for BCom course, with average fees ranging between INR 1-3 LPA. Below is a list of private BCom colleges in India:

Top Bachelor of Commerce Colleges by City

Top Bachelor of Commerce Colleges by State

IGNOU BCom Course

The IGNOU BCom course is a three-year undergraduate degree program that aims to provide students with a strong foundation in the field of commerce. IGNOU B.Com course details are mentioned below:

Read More: IGNOU B.Com 2023

DU BCom Course

BCom course is provided by various sub-colleges in Delhi University, such as Gargi College, Lady Shri Ram College, etc. DU B.Com course details are mentioned below:

Read More: DU BCom 2023

Bachelor of Commerce Syllabus and Subjects 

The syllabus and subjects for BCom introduced all major streams of finance and commerce, such as Financial Services, Banking, Industry, Management, and many more. 

In BCom 1st year, students are introduced to the fundamentals of accounting, economics, and business communication. The BCom 2nd year builds upon this foundation with courses in financial management, business law, and taxation. Finally, in the BCom 3rd year, students delve deeper into specialized areas such as auditing, marketing, and entrepreneurship. Some of the subjects of BCom are:

• Banking
• Economics
• Entrepreneurship
• Statistics
• Financial Management
• Actuarial Science
• Business System Analysis

Read More: BCom Syllabus and Subjects

Integrated BCom Courses

An integrated course can be two bachelor-level courses combined or undergraduate courses combined with postgraduate courses. These courses provide a joint degree of two courses.

Integrated B.Com is a five-year UG course that an understudy can seek after the 10+2. Different Colleges/Institutes/Universities in India offer admission to the 5-year Integrated B.Com course which can be in the following combinations:

• B.Com + LLB
• B.Com + M.Com
• B.Com + MBA
• B.Com + CA
• B.Com + ACCA

B.Com + LLB: Course Details

B.Com LLB is a dual-degree integrated program that provides students with two separate degrees in two different fields. When LLB and B.Com are combined, the dual degree program opens up many job opportunities, such as litigating lawyers, judges, legal consultants, and PO managers.

Read More: B.Com LLB

B.Com + M.Com: Course Details

Students who want to take both UG and PG courses can enroll in the B.Com+ MCom combined course, a 5-year program. Students in the B.Com+MCom integrated program learn everything there is to know about finance, banking, accounting, insurance, and international business. 

Also, Check: M.Com

B.Com Course Comparison

Bachelor of Commerce has multiple specializations focusing on diverse fields. There are several other courses that are similar to BCom which candidates will confuse about. Below is a detailed comparison BCom with other popular courses. 

B.Com vs B.Com Honors

BCom and B.Com Honors are the most popular options for students interested in pursuing a career in finance and management. Below is a difference between BCom and BCom Hons:

BBA Vs BCom

Candidates looking to pursue management career will have a confusion in choosing BBA or BCom. Below is a detailed comparison the two courses.

Courses After BCom

BCom has a lot of scopes both in India and abroad. Graduates willing to enhance their commerce background knowledge can opt for an M.com degree in India. Some of the higher education after BCom are:

• M.Com
• MBA
• CA
• CMA

Read More: Best Courses after B.Com

Career Options After B.Com

Many job opportunities are opened for the graduates after the course, both in the public and private sectors. The career after B.Com is vast, and the job offered will differ according to the industry the graduates work in and the knowledge possessed by the aspirants.

Some of the best BCom jobs are as follows:

• Auditors
• Actuaries
• Budget Analysts
• Chief Financial Officer
• Cost Estimators
• Business Operations Manager
• Tax Consultant

Read More: Best Career Options After B.Com in India

B.Com Salary in India

BCom graduate average salary in India is INR 4 LPA. In addition to experience, location, and the industry they work in, there are a number of other aspects that may impact a B.Com salary in India. Candidates may advance to higher positions and earn greater salary slabs as they gain more experience and practical exposure.

Read More: B.Com Salary

BCom Scholarships

There are various scholarships provided to B.Com students through government and private organizations. Below is a list of scholarships available to BCom students:

• Marubeni Scholarship
• Sitaram Jindal Foundation Scholarship
• MakeMyTrip' Padhte Raho, Badhte Raho' Scholarship
• Kotak Shiksha Nidhi Scholarship
• HDFC Ltd's Badhte Kadam Scholarship
• WBMDFC Scholarship
• BYPL SASHAKT Scholarship
• Sarla Devi Scholarship
• CLP India Scholarship Scheme
• Azim Premji University Undergraduate Scholarship

Read More: BCom Scholarships

Skills to Excel as a Bachelor of Commerce Graduate

BCom graduates must possess skills that will help them succeed in their professional careers. The skill sets will help the graduates in academics and help them evolve as the best working professional.

Some of the skills possessed by BCom graduates are:

• Analytical thinking skills
• Communication skills
• Time Management
• Problem-Solving
• Research Skills
• Interpersonal Skills

B.Com Admission Process

• Based On The Type Of Institute, The Admission Process For The B.Com Course Varies All Over The Nation. Some Institutes Accept The Score Of National-level Entrance Exams, Some Grant Admission Through State-level Exams, And Some Through Their University-level Entrance Examination.
• Direct Admission Is Also Offered In Some Institutes Where Students Do Not Need To Qualify For Entrance Exams. Students Are Granted Admission By Considering Their Scores In The 12th Class. Such Universities (after Receiving The Applications Of Students) Issue The List Of Selected Candidates.
• Many Universities Accept The Score Of Both The University Or State-level Entrance Exams. Delhi University Is One Of Such Institutes, And It Accepts The Score Of Entrance Exams Such As BHU UET, IPU CET, DUET, And Others.
• In Merit Or Entrance Exam-based Admission, Students Must Have A Minimum Qualified Percentage Of 45% In The 10+2 Level. 

B.Com Eligibility Criteria 

The Eligibility Criteria For Selecting Students To B.Com Courses Vary From Institute To Institute; However, Basic Eligibility That Is Almost The Same In All Institutes Is Given Below:

• Candidates Must Pass The Intermediate Level Of Schooling From A Well-known School Or Board In Order To Apply For This Course.
• There Are A Lot Of Different Institutes That Have A Different Cut Off Points For Selecting Students. Most Of The Time, A Lot Of Colleges Have An Average Acceptance Rate Of About 45 Percent.
• In General, Students Who Have Passed Their 10+2 In Commerce Are Preferred. However, Students From Any Field Can Apply For A B.Com.
• The Requirements For Getting Into B.Com Also Include How Well You Did On The Entrance Exam. Some Colleges Only Allow Students Who Pass The B.Com Entrance Exam To Apply For A Place.

B.Com Entrance Exam 2022

For B.Com Admission, Various Entrance Examinations Are Held At The Country, State, And University/institutional Levels.

IPU CET: IPU CET Is A College Exam For UG And PG Courses In Commerce And Other Fields Of Study. The IPU CET Exams Pattern Consists Of Language Comprehension, DI, GA, And Logical Reasoning. The IPU CET Test Has A Total Of 150 MCQs.

NPAT: This Is A University-level Entrance Exam To Provide Admission To The Narsee Monjee Institute Of Management Studies. The Applications For NPAT Will Be Starting In February 2022.

AIMA UGAT: The All India Management Association Conducts The UGAT Entrance Exam Every Year To Provide B.Com Entries. In January 2022, Students Will Be Able To Apply For The AIMA UGAT.

BHU UET: Students Who Want To Take Admission For B.Com At Banaras Hindu University. This Test Contains A Total Of 150 Questions, And Then The Given Time Is 120 Minutes.

SUAT: Sharda University Conducts SUAT Every Year, And The University Will Start The Applications In February 2022.

B.Com Entrance Exam Syllabus

The Syllabus Of B.Com Entrance Is Almost The Same In All Kinds Of National, State, Or Institute Level Entrance Examinations. Generally, The Subjects On Which The Entrance Exam Paper Is Based Are Accountancy, Verbal Reasoning, Mathematics, Current Affairs, Basic Computer Questioning, And Business Studies. The Paper Consists Of Questions In The Form Of MCQs.

How To Prepare?

1. Do your research. Before you apply to any B.Com courses, it's important to do your research and find a program that's right for you. Consider the following factors when making your decision:
   • The curriculum: Make sure the program covers the topics you're interested in learning about.
   • The faculty: Look for a program with experienced and qualified faculty members.
   • The facilities: The program should have the resources you need to succeed, such as a library, computer labs, and a career center.
2. Develop a study plan. Once you've chosen a program, it's important to develop a study plan. This will help you stay on track and make the most of your time. Here are some tips for creating a study plan:
   • Set realistic goals. Don't try to cram too much information into one study session. Instead, break down your studies into manageable chunks.
   • Find a study space that works for you. Some people prefer to study in a quiet library, while others prefer to study in a more social setting. Find a place where you can focus and be productive.
   • Take breaks. It's important to take breaks when you're studying. Get up and move around every 20-30 minutes to avoid getting too stressed or tired.
3. Get involved on campus. In addition to your studies, it's also important to get involved on campus. This will help you meet new people, make friends, and learn more about your chosen field. There are many different ways to get involved on campus, such as joining a club, participating in a sport, or volunteering.
4. Start networking. Networking is an important part of any career, and it's especially important for business students. Start networking early by attending industry events, meeting with professionals in your field, and connecting with people on LinkedIn.
5. Don't be afraid to ask for help. If you're struggling with a particular subject or concept, don't be afraid to ask for help from your professors, TAs, or classmates. There are also many resources available to help you succeed, such as tutoring centers and online study guides.

By following these tips, you can increase your chances of success in a B.Com course.

Here are some additional tips that may be helpful:

• Take advantage of online resources. There are many online resources available to help you with your studies, such as Khan Academy, Coursera, and EdX.
• Get involved in research. If you're interested in a career in research, consider getting involved in research projects while you're in school. This will give you the opportunity to gain experience and make connections with professors and other researchers.
• Attend industry events. There are many industry events that you can attend to learn more about different career paths and meet potential employers.
• Get certified. There are many certifications available that can help you make yourself more marketable to potential employers.
• Stay up-to-date on industry trends. It's important to stay up-to-date on the latest industry trends so that you can be a valuable asset to any company. You can do this by reading industry publications, attending conferences, and networking with professionals in your field.

With hard work and dedication, you can succeed in a B.Com course and set yourself up for a successful career in business.