A common career option for commerce students, the bachelor of commerce is a business-oriented course that focuses on providing a fundamental but thorough understanding of concepts of Accountancy, Business Studies, Economics, IT, Finance, Human Resources Management, amongst others. The course acts as a gateway for students to enter into lucrative fields of Business Management, Financial Analysis and Investment, Insurance, Taxation, and Corporate Laws in both India as well as abroad. Further, one can also choose to pursue a range of additional qualifications after a bachelor of commerce like CFA, FRM, CA, CS, MBA, Master of Management Studies, etc. This blog aims to provide an overview of the BCom course, its structure, and a few universities which offer the degree program.
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Read about: CA vs CS
|Average Starting Salary||₹2.5 lakhs per annum|
|Admission Criteria||Application Based|
BCom: Course Overview
Typically, a full-time Bcom course runs for a period of 3 to 4 years depending on the destination of study. With a combination of both core and elective subjects, students become well-versed in the major aspects of business like that in marketing, finance, accounting, and application of mathematical and statistical concepts to handle the overall management. The students are also given an option to either major in a specialization track or a general course. Furthermore, a considerable number of institutions include or encourage industry projects at the end of every academic year. This gives students a platform to not only enhance their business acumens but also gain professional experience.
As for the structure and organization, the BCom programs generally include specialization tracks and a range of electives along with optional research projects. This accentuates the grasp of the individual on essential concepts along with maintaining diversity. The common specialization and elective options have been tabulated below.
|Human Resources Management||Leadership|
|Business Management||International Business|
|IT||Stock Market Fundamentals|
|Entrepreneurship||Insurance and Risk Management|
|Supply Chain Management||Real Estate|
Note: The above list is meant to be taken for indicative purposes only. Course offerings may vary and students are advised to go through the official university website to know more on the specifics.
|1st Semester||Environmental Studies
Business Organisation and Management
Principles of Micro Economics
New Venture Planning
Business Mathematics and Statistics
Principles of Macro Economics
Economics of Regulation of Domestic and Foreign Exchange Markets
|3rd Semester||Company Law
Income Tax Laws
Financial Markets and Institutions
Banking & Insurance
Financial Analysis and Reporting
|4th Semester||Indirect Tax Laws
Human Resource Management
Investing in Stock Markets
|5th Semester||Auditing and Corporate Governance
Principles of Marketing
Training and Development
Computer Applications in Business
|6th Semester||Fundamentals of Financial Management
Consumer Affairs and Customer Care
Entrepreneurship & Small Business
Indian Polity and Governance
Office Management and Secretarial Practice
Corporate Tax Planning
Fundamentals of Investment
Bachelors in Commerce (BCom) is offered by most of the universities and colleges in India for both regular as well as distance education methods. Here are the general B.com eligibility criteria.
- Students must have taken commerce in classes 11 and 12 with Accountancy, Business Studies, Economics, Maths/optional subjects and English as the main subject.
- Applicants must meet the minimum cut-off criteria for admission at the college they are applying to.
- The minimum cut off marks criteria may be different in each college/university.
- Apart from the SAT Exam a prospective applicant who wants to study BCom abroad is required to take English language tests like IELTS/TOEFL/PTE.
- Candidates will also be required to submit a statement of purpose, letters of recommendation, an essay, and transcripts amongst other documents.
Check out: Short Term Courses After BCom
BCom: Top Universities
Owing to the huge popularity of the BCom course, this degree program is offered by several leading institutions across major countries like the USA, Canada, UK, and Australia. Before applying to a university, you should compare the course based on rankings, course orientation, and career prospects. Some of the educational institutions offering this course have been tabulated below:
|University Name||Times Higher Education Rankings||Course|
|University of Toronto||18||Bachelor of Commerce-Rotman Commerce;
Bachelor of Commerce-Economics
|The University of Melbourne||32||Bachelor of Commerce
(Majors in Accounting/ Actuarial Studies/ Business/ Economics/ Finance/ Management or Marketing)
|University of British Columbia||34||Bachelor of Commerce (BCom)
Bachelor of Commerce-Business and Computer Science
|McGill University||42||Bachelor of Commerce
(Majors in Information Systems/Labour Management Relations and Human Resources/ Accounting/Economics / Finance/International Management/ Sustainability/ Marketing/Organisational Behavior/Strategic Management)
|Australian National University||50||Bachelor of Commerce
(Majors in Accounting/ Business Information Systems/ Corporate Sustainability/ Economic Studies/Finance/ International Business/Management/ Marketing)
|The University of Queensland||66||Bachelor of Commerce
(Majors in Accounting/ Finance)
Top Colleges in India
There are various institutions in India that cater to various courses and programs for B.com. Here are the top institutions for pursuing B.com in India.
- Christ University, Bangalore
- Hansraj College, Delhi
- Hindu College, Delhi
- Lady Shri Ram College for Women, Delhi
- Loyola College, Chennai
- MCC, Chennai
- Narsee Monjee College of Commerce & Economics, Mumbai
- Ramjas College, Delhi
- SRCC, Delhi
- St. Joseph’s College of Commerce, Bangalore
Also Read: Study abroad after 12th commerce
These are the top recruiters for BCom graduates.
- Ernest & Young
- New India Assurance
- Bajaj Allianz
- United India Insurance
- HDFC Life
- Kotak Life
- Max Bupa
- Punjab National Bank
- ICICI Bank
- Pricewaterhouse Cooper
- IndusInd Bank
Explore What to Do After BCom?
The BCom course equips an individual with the necessary skills and techniques to build a career in a range of disciplines including in the traditional ones like Finance, Accounting, and Management. Apart from these, the course curriculum also builds a strong foundation to pursue a career in a few emerging avenues of Corporate Law, Investment Banking, Underwriting, etc. Given below are some of the work profiles you can work on to kickstart your career:
- Financial Analyst
- Investment Banker
- Tax Analyst
- Human Resources Manager
- Strategic Manager
- Marketing Analyst
- Company Secretary
- Business Analyst
- Business Writing
Scope and Salary
BCom has a huge scope with abundant opportunities in various fields. Graduates can explore many jobs which offer a good salary package. The salary depends on the skills and position of the person. Tabulated below is the salary for a few of the jobs after BCom.
|Job Profiles||Average salary (p.a)|
|Junior Accountant||₹ 1.75 lakh|
|Accountant||₹ 2 lakh|
|Account Executive||₹ 2.5 lakh|
|Business Executive||₹ 3 lakh|
|Financial Analyst||₹ 3.7 lakh|
|Tax Consultant||₹ 4.5 lakh|
|Financial Consultant||₹ 5 lakh|
|Accounts Manager||₹ 5.8 lakh|
|Business Consultant||₹ 9 lakh|
The best Bcom course depends on your interests and career plans. Hwoever, the top specializations include Accounts, Economics, and Finance.
BCom is among the top degrees with lucrative job opportunities and increasing demand.
BBA includes subjects related to business and marketing while BCom includes subjects related to accounts, taxation, and finance.
Apart from applying for various jobs after B.com,gradites can pursue courses like:
Master of Business Administration (MBA)
Chartered Accountancy (CA)
Company Secretary (CS)
Master of Commerce (M.Com)
Chartered Financial Analyst (CFA)
It is not compulsory to have maths as one of your subjects in the 12th standard to pursue Bcom.
A BCom course is amongst the primary career choices for a sizeable number of students from the commerce stream. In addition to smart work and gaining practical experience, consistent motivation is required to build a strong career in this field. If you want to pursue a career in commerce but are not sure about how to get started with it then the experts at Leverage Edu will not only assist you in choosing the university but will also guide in completing the admission-related formalities.