B.Com is an undergraduate course which includes the study of corporate tax, business economics, financial accounting, management accounting, auditing and company law and so on. The primary objective of the course is to prepare the students with practical and theoretical knowledge of recording and understanding the books of accounts along with the monetary and financial environment. It also aims to build their knowledge towards the management of a company to enable them to conduct a transparent and prosperous business. The course also includes the knowledge of proper administration of the business organization. B. Com graduates have several opportunities in every possible sector of the economy as finance is the core of the major activities. Therefore, B. Com graduates are required in almost all companies and institutions in both the private and public sector.
B.Com or Bachelor in Commerce is a three year course which is divided into six semesters. The major subjects of this programme includes Bookkeeping, Auditing, Business Model Analysis, Business Financing, Banking etc.
Admissions are conducted through both online and offline processes. Selection of the students is done based on merit while a few colleges also conduct entrance exams. Interested students can apply for the course by downloading and filling up an admission form which is accessible on the internet. Prior to the selection of the students, the colleges conduct interviews, group debates, discussions, etc.
Entrance tests scores, together with marks obtained by the applicant in Class 12 are required for application to the program. After the entrance exam led by the college, the successful candidates are distributed seats based on the different eligibility criterias of the college. The admission criteria are exclusively subject to the Institute’s rules and regulations. Majority of the colleges and institutions offering this degree offer admissions based on merit, but the number of colleges incorporating admission tests are also increasing significantly.
Most of the colleges offering B. Com, are aided by the government and hence provide the course in a subsidized fee structure. However, if one chooses to attend a private college, then the fee structure might be higher than the government aided state universities and colleges.
CORE SUBJECTS AND SPECIALIZATION
B.Com offers more than 30 specializations across the country and is classified into two major categories- General and Honours. The main difference between General and Honours is the course curriculum. The level of Course difficulty of B. Com (Hons) is greater than General B.Com. B. Com honours includes specialized subjects and papers in a more detailed way as in comparison to B.com General.
The following are the major subjects included in a B.Com programme:
- Company Law
- Banking & Financial systems
The requirement of B. Com graduates is quite high in every employment sector. Some of the common jobs and careers for a student on completion of his degree are Accountants, Bank Employee, Sales and Marketing executives, Insurance agents, tax consultants, etc.
SCOPE FOR HIGHER STUDIES
Students with a B.Com degree can also opt for PG courses. M. Com or Masters in Commerce is pursued by those who wish to choose the academic sector as their career. Students can also choose to study MBA or Masters in Business Administration after qualifying B.Com. Students can also go for other courses such as CS (Company Secretary), CA (Chartered Accountant), CMA (Cost and Management Accountant), etc.