With several exciting and rewarding career opportunities on offer, commerce has always been known as a professional field of study. So many generic study options like journalism and management are available in today’s time. In order to enhance their academic knowledge and employability options, Commerce students also have the chance to opt for further studies in their own field apart from these general options. 

What is B.com?

B.Com. is a bachelor level degree course in commerce. Create professionals to deal well with economic and financial matters is the main objective of the course. The course helps the candidate in developing accounting skills along with managerial skills. Study with regard to the career is the main benefit of the course. Various advantages are offered to the students in this course. Basics of e-commerce, law, taxation, etc. are covered under the course. 

By offering a comprehensive curriculum the course provide a strong foundation-level understanding of the functioning of commercial transactions, business organizations and of various specialized operations such as marketing, finance, and accounting. For further studies such as CFA, ICWA, M. Com, M.B.A, ICAI, ICS, etc this course is also helpful.

Details Regarding B.Com or Bachelor of Commerce

Duration of Course

B.Com has a duration of 3 years divided into 6 semesters. It is one of the most sought courses after 12th. During its study period, the course covers a number of subjects. 

Eligibility for the course

• Candidates who want to take admission in B.Com should have passed the higher secondary examination with a minimum of 50% marks from a recognized board.
• Candidates are eligible to apply for this course who have an academic background in science, commerce and arts stream.

Subjects involved in B.Com are as follows:

• Accounting
• International Business
• Management
• Human Resource
• Law
• Marketing Management
• Tourism
• Economics
• Finance
• Information Science
• Cost Accountancy

Admission Process

With the issue of the notification application process for the course starts. Candidate can download the application from the university official website. The detailed information on the application procedure is also given there. Application forms are also available in colleges or university centers. After this candidate has to fill the application form carefully. After this, he can submit the application form in the university center or university website. In submitting the application before final date candidate should also be careful. Candidate should have to fill the application after understanding the guidelines given in the prospectus.

Some universities prefer conducting their entranced exams for selection of the appropriate candidate while others select candidate on the base of marks obtained in their 10+2 examination.

Some of the Institutes prefer conducting their entranced exams are given as follows:

• Xavier University Entrance Exam
• K J Somaiya College of Arts & Commerce Entrance Exam
• Narsee Monjee Institute of Management Studies Entrance Exam
• St Joseph's College Devagiri Entrance Exam
• University of Mumbai Entrance Exam
• Amity University Entrance Exam
• Jain University Entrance Exam
• Christ University Entrance Exam
• Symbiosis College of Arts and Commerce Entrance Exam

Various Career options after B.Com

Course Options after B.Com

• Masters of Commerce (M.Com)
• Masters in Business Administration (MBA) in Finance
• CA/CS/ICWA
• Certified Bank Manager Programme
• Diploma in Banking & Services (DBFS)
• Certified Financial Planners
• Certificate Course in Project Finance
• Certified Management Accountant (CMA)
• Certified Public Accounting (CPA)
• Association of Chartered Certified Accountants (ACCA)

Career Prospects

Mainly in financial firms and in banking sector career opportunities for B.Com. graduates in Professional exist. In various industrial houses and governmental firms these professionals can work in the accounting section. They can also deal with the sales and marketing of insurance and banking products. Under the Department of Commerce, government of India they can get various job positions available in various organizations.

Various Areas for Employment

• Working Capital Management
• Policy Planning Bodies
• Public Accounting Firms
• Treasury and Forex Departments
• Banks
• Business Consultancies
• Educational Institutes
• Foreign Trade Centres
• Industrial Houses
• Investment Banking Sectors
• Marketing Companies
• Merchant Banking Centres
• Public Accounting Firms
• Budget Planning Bodies

Job Types after B.Com

• Cost Estimator
• Chartered Management Accountant
• Chief Financial Officer
• Finance Manager
• Stock Broker
• Financial Analyst
• Auditor
• Budget Analyst
• Business Consultant
• Certified Public Accountant

How is B.Com. Course Beneficial?

As there is no business which does not require a Manager or a Commerce Specialist so candidates who have completed B.Com. have a High Employment Rate. Accountants never run out of a job because all the companies registered under the Companies Act, are required to get their accounts audited only by practising Chartered Accountants. With the use of latest technology businesses are expanding globally  so to look after the day to day business operations successfully there is a requirement for qualified and trained individuals