B Com Accounting and Finance is a commonly opted undergraduate degree that attracts many commerce stream students wanting to explore the intricacies of Financial Management and Accounting. With an essential focus on practical and application-based thinking, it imparts students with the knowledge of the finance industry as well as accounting processes in a business organization. If you are a student attracted by the glittering corporate world with its shrouded smooth functioning, look no further for this is the course for you. This blog brings you a detailed guide on B Com Accounting and Finance, its eligibility, course structure, top universities, and career scope.
Must Read: BBA vs BCom
This Blog Includes:
- Course Overview: BCom Accounting and Finance
- Who Should Pursue BCom Accounting and Finance?
- Entrance Exams
- Course Structure and Subjects Covered
- Skills Required for B.Com Accounting and Finance
- Eligibility Criteria for B Com Accounting and Finance
- B.Com Accounting and Finance Course Fees
- Top Universities
- Top BCom Accounting and Finance Colleges in India
- Career Prospects
- Scope of B.Com Accounting and Finance
- BCom Accounting and Finance Salary
|Course||BCom Accounting and Finance|
|Full form||Bachelor of Commerce in Accounting and Finance|
|Average tuition fee||INR 2000 to INR 4,00,000|
|Admission Process||Entrance and Merit-Based Followed by Interview|
|Average Salary||INR 1,00,000 – INR 10,00,000|
|Top recruiting companies||EY, KPMG, Deloitte, PWC, Deloitte, Accenture, Oracle, Gartner, SBI, NABARD, PNB, CBI, etc.|
Course Overview: BCom Accounting and Finance
B Com Accounting and Finance generally encompasses 3-4 years and focuses on the two most important branches of the commerce stream. Accounting and Finance are quintessential parts of every business enterprise and by studying these subjects, you will get to know about the business world, organizational processes, and how they affect the economy as an existing system, amongst others. Accounting and financing which form the foundation of the course are two areas focused on regulating the different operations of a business and this undergraduate degree helps students in learning the efficient management of financial data and resources to meet organizational goals.
Who Should Pursue BCom Accounting and Finance?
- Candidates who want to work in the financial sector of the economy should enroll in the program.
- Candidates interested in working as audit managers should enroll in the program.
- Candidates who want to work as financial managers can also enroll in this program.
- Candidates who want to work in the banking and financial services industry should enroll in the program.
- Candidates interested in working in investment management or pursuing a career as an investment banker should enroll in the course.
|Exam Name||Application Deadline||Exam Date||Result Date|
|DU JAT||To be announced||May 21-31, 2023||To be announced|
|NPAT||May 21, 2023||Jan 4 – May 31, 2023||To be announced|
|SET||April 12, 2023||May 6 – 14, 2023||May 24, 2023|
|MHT CET||Feb 2023||PCM May 9 -13, 2023
PCB May 15 – 20, 2023
|To be announced|
|IPU CET||To be announced||To be announced||To be announced|
Course Structure and Subjects Covered
B Com Accounting and Finance is mainly divided into semesters which vary as per the duration of the course. Further, many universities also offer a wide range of electives under this program to help students customize the course accordingly. The combination of core and elective subjects focuses on assisting learners in exploring areas they are more intrigued by and would like to probe into later in their professional lives and further educational endeavors. Looking at the major course offerings can help prospective students gain an insight into the field of Accounting and Finance. The scope of the program is extensive but some vital areas covered in the course are as follows:
- Business Economics
- Financial Accounting
- Income Tax
- Corporate Law
- Financial Management
- Corporate Accounting
- Cost Accounting
Also Read: All About Banking
|Year 1||Year 2||Year 3|
|Financial accounting||Corporate accounting||Business finance|
|Business organization||Business statistics||Auditing|
|Business economics||Commercial law||Income tax|
|–||Banking theory||Cost accounting|
|–||Business environment||Accounting for managerial decisions|
Skills Required for B.Com Accounting and Finance
|Strategic mindset||Leadership skills|
|Communication skills||Time management|
|Analytical and Critical thinking skills||Interest in Business and Management|
|Managerial Skills||Observation skills|
|Decision-making skills||Awareness of market and products|
Eligibility Criteria for B Com Accounting and Finance
It is a constructive and popular undergraduate course and has some standard eligibility criteria that the students who wish to pursue this course have to fulfill. Though the actual course admission criteria are bound to differ as per the university and program, here are the general eligibility requirements you must keep in mind while applying for B Com in Accounting and Finance:
- The student must have completed their 10+2 from a recognized board with the minimum percentage required by the academic institution they are aspiring for.
- Some academic institutions might also require applicants to have an entrance exam which the prospective student would have to qualify for.
- For those aspiring to study abroad for their B Com Accounting and Finance degree, there are additional requirements such as English language proficiency tests such as IELTS, TOEFL, etc. Along with this, you will also have to submit a Statement of Purpose (SOP), and Letters of Recommendation (LORs), amongst other admission essays.
B.Com Accounting and Finance Course Fees
B.Com accounting and finance fees are variable for every university and depend on the type of facilities provided by the university such as lodging, food, and industrial training. The average fee structure for B.Com accounting and finance is around INR 50,000 to INR 5 00,000 for the entire course in India. There are also various private and government scholarships available for students with exceptional merit lists.
While the cost of pursuing BCom Accounting and Finance varies for different countries abroad. However, the average cost of pursuing BCom Accounting and Finance is INR 18,00,000 to INR 25,00,000 per annum.
Read more at B Com Subjects!
Various universities across the world offer this sought-after undergraduate course under different variants. But the exigency of the competitive world is to pick a university that can offer you immense exposure and equip you with the necessary skills to make you a desirable candidate in your field. Mentioned below are some of the major universities offering B Com Accounting and Finance and related programs:
|Institute of Finance and Management||Switzerland|
|University of Almeria||Spain|
|University of Kent||UK|
|University College Birmingham||UK|
|Rey Juan Carlos University||Spain|
|Kwantlen Polytechnic University||Canada|
|Southern Utah University||USA|
Top BCom Accounting and Finance Colleges in India
|NIRF Ranking 2022||College|
|57||Narsee Monjee College of Commerce & Economics, Mumbai|
|99||Lovely Professional University, Punjab|
|101||Jain University, Bangalore|
|151-200||Christ University, Bangalore|
|151-200||Pandit Deendayal Petroleum University, Gandhi Nagar|
|_||Stella Maris College, Chennai|
|_||Ethiraj College for Women, Chennai|
|_||Chandigarh University, Chandigarh|
|_||NIMS University, Rajasthan|
|_||St. Andrew’s College of Arts Science & Commerce, Mumbai|
Being a B Com Accounting and finance graduate, you can explore many beneficial prospects as it opens up a host of possibilities for students. An Accounting and Finance graduate has a lot of options and can seek to pursue further educational qualifications as well. The path you choose depends on your fascination for the chosen aspect and your innate ability to deal with the challenges it brings. The private sector provides an array of opportunities to individuals seeking to establish their careers. If you wish to jump right into the arduous professional world, there are various alternatives to pick from as listed below:
|Job Profile||Description||Average Salary|
|Business Analyst||The role of a business analyst is wide-ranging and involves analyzing company performance and devising strategies to improve them||8 Lakh|
|Finance Manager||Strategize about the distribution of the financial resources of the company to ensure a larger turnover and planning of the budget||12 Lakh|
|Accountant||Keeps a record of the transactions of the organization with accuracy, and efficiency and analyzes it to prepare reports||2.5 Lakh|
|Risk Analyst||Makes inferences from the company’s investment, and overseas connections and uses it to draw a report of the potential risks the company might face and recommends ways to reduce the chances of loss||5.5 Lakh|
|Auditor||Review accounts of a corporation to keep a track of the various transactions taking place in the company and to ensure the validity of these transactions||2.7 Lakh|
|Marketing Manager||Responsible for gauging the position of the market and devising ways to promote the sales of the products of a company||6.6 Lakh|
Scope of B.Com Accounting and Finance
If individuals demonstrate the necessary abilities, B.Com accounting and finance has a lot of potentials. Finance and commerce are two of the most significant and required sectors of every company and hence provide numerous job opportunities. The B.Com degree comes in a variety of specialties, but this program offers a good mix of commerce, accounting, and finance. Candidates who seek a higher degree with a comparable or different specialization, such as an MBA, M.Sc., M.Com., or MA, may be able to get senior-level positions. After graduation, those who want to continue a career in research can seek a Ph.D.
Moreover, if you want to study further, there are many short-term courses after Bcom that you can choose from. Many graduates also opt to pursue an MBA in Accounting, MBA in Finance, CA course, etc. to enhance their expertise and knowledge and aim for better career opportunities in the corporate industry.
BCom Accounting and Finance Salary
Salary for graduates with a BCom Accounting and Finance Degree varies depending upon their experience and skills. However, the average salary for BCom Accounting and Finance is INR 4,90,000 per annum in India. Those with years of experience and expertise, can earn up to INR 20,00,000 per annum.
The average salary of a BCom Accounting and Finance Graduate in various countries across the world is as mentioned below:
|Country||Average Salary per Annum||In INR|
To know more, check out Short-term Courses in Finance!
What is BCom Accounting and Finance all about?
It is a full-term undergraduate program that emphasizes the intricacies of accounting and every nuance of finance to provide a holistic idea about these two important fields in the world of business. It attempts to develop the critical and analytical thinking skills of its undertakers and imbibes an application-oriented approach to problem-solving in its students.
For a student completing an undergraduate degree in BCom Accounting and Finance, there are a large number of options to choose from. Mentioned below are some of the popular courses that a student can opt for for their future educational pursuits:
– Masters of Commerce(MCom)
– Chartered Financial Analyst(CFA)
– Chartered Accountant(CA)
– Certified Management Accountant(CMA)
– Masters of Business Administration in Finance(MBA in Finance)
Maths is not a compulsory requirement for pursuing BCom in Accounting and Finance. Concepts of maths form an important part of the course but having a formal qualification in the subject is not a necessary prerequisite.
BCA and BCom are both vastly different courses and come with their challenges and opportunities. When deciding which course to pursue, one should keep in mind one’s aptitude, interest, and passion and then decide which course to pursue. BCA and BCom both offer different employment possibilities.
BCom general is a broader course and encompasses a large number of subjects in its folds while BCom Accounting and Finance is a specialized course and focuses on the principles of these two subjects.
The love to know how a corporation functions and the urge to deal with the basic accounting and financial processes can be realized through a course like BCom Accounting and Finance. If you find the underlying mechanisms of a company’s smooth functioning engrossing, this is the course that can guide you towards a rewarding career in Accounting and Finance. But, the need is to gather the right information to make your dream a reality. Reach out to our experts at Leverage Edu and we will guide you in selecting the right course and university that fits your interests and preferences and equips you with the requisite skills and knowledge to steer towards your dream career! Sign up for an e-meeting with us today!