Bachelor of Commerce or B.Com. is a 3-year undergraduate degree in Commerce, the minimum eligibility for which is passing of Higher Seconday Examination with Maths and English as core subjects. B.Com. is one of the popular undergraduate courses among students. B.Com. in India is available in three modes – B.Com. (pass course), B.Com. (Honors) and B.Com. (Vocational).
The main aim of B.Com. course is to prepare individuals who are equipped with knowledge and skills related to Economics and Business Management. It helps to provide a variety of managerial skills to an aspiring student.
Admission Process for the course is usually merit-based, however, some colleges might conduct entrance tests for admission to this course. Some of the universities which conduct Entrance Tests are: Jamia Milia Islamia University, Delhi, Banaras Hindu University, Varanasi, Guru Gobind Singh Indraprastha University, Delhi and Narsee Monjee Institute of Management Studies, Mumbai
With about 700 degree granting universities and 35,000 affiliated colleges, there is a wide array of choice in terms of colleges and institutes. Some of the top institutes for undergraduate degree in Commerce are:
The average fees charged by some of the top institutes offering the course ranges from INR 25K to 5 lacs.
Career options available after a B.Com. degree are endless. B.Com. jobs range from roles in Finance and Accounting, Banking Industry, Corporate Sector etc. Some of the sectors which employ B.Com. degree holders are Banking, Media, BPOs, Tourism Industry, Hospitality , FMCG Telecom etc. The average annual salary offered to these graduates ranges from INR 1.8 lacs to 8 lacs.
Mentioned below are some of the major highlights of the course.
|Examination Type||Semester system|
|Eligibility||10+2 from a recognized educational board|
|Admission Process||Merit based|
|Course Fees||INR 10K to 1 lakh|
|Average Starting Salary||INR 1.8 lacs to 8 lacs|
|Top Recruiting Areas||Banking, Media, BPOs, Tourism Industry, Hospitality , FMCG Telecom etc|
|Job Positions||Auditor, Business Consultant, Budget Analyst, Finance Manager, Finance Analyst, Stock Broker, Chief Financial Officer, Cost Estimator and others such.|
Bachelor of Commerce degree is designed to provide students with a wide range of managerial skills, while building competence in a particular area of business. It imparts candidates with knowledge in accounting principles, export and import laws, economic policies and other aspects which impact trade and business.
Ideally a student of B.Com. on graduating is expected to have acquired basic knowledge in a variety of fields related to an organization and business management. B.Com. degree holder is fit to work in any corporate organization or be self-employed. B.Com. graduates possess a variety of skills like accounting, tally, human resource management etc. Indian Universities offer three kinds of B.Com. courses – B.Com. (Pass), B.Com. (Honors) and B.Com. (Vocational).
Students are given an in-depth knowledge of subjects and can specialize in subjects like Economics and Accounting etc.
Students are given an overview of the subjects and there is no option for specialization in a particular subject.
It is a skill based and job oriented course and students can specialize in skill-based subjects.
Most universities plan the degree in a way that students are exposed to general business principles, taking courses in Accounting, Finance, Business Management, Human Resources, Marketing, and Economics. Some programs also require (business) statistics, (introductory) calculus and information systems.
The course can be pursued as full-time and part-time and also through correspondence mode depending upon one’s choice. One can choose a combination of subjects apart from 1-2 compulsary subjects. These combinations vary from institute to institute. Most institutes offer change of elective subjects in the second year depending upon one’s performance or choice.
Mentioned below are some of the top institutes offering the course along with their location and average annual fees.
|College Name||Location||Average Annual Fees in INR|
|Christ University||Bangalore||2.12 lacs|
|St.Joseph’s College of Commerce||Bangalore||59.8K|
|Narsee Monjee College of Commerce and Economics||Mumbai||14.5K|
|Sri Venkateshwara College||New Delhi||9.59K|
|Indraprastha College for Women||New Delhi||7.17K|
|Gargi College||New Delhi||9.28K|
|Jesus and Mary College||New Delhi||13.2K|
The basic eligibility for admission to any of the B.Com. programs is mentioned below.
B.Com. is an undergraduate course and admission process to this course typically starts after results of Higher Secondary examinations are declared. Admission to this course is usually merit-based, however, some colleges might conduct entrance tests for admission to this course.
Admission Process typically start either in May end or June starting every year, when universities and colleges release their application form. Results are declared around the mid or end of June and simultaneously admission process starts.
A student seeking admission to B.Com. course will have to go through any of the following processes:
In case of admission through cut-off percentage, students are required to secure equal to or more than the cut-off percentage.
While some universities release cut offs for admission to the program and offer admission on first come first serve basis, there are many colleges and universities which conduct Entrance Tests. In case of entrance exams, a student needs to have secured a minimum percentage in 10+2 as prescribed by the university/college.
Students who for some reason can not pursue B.Com. through the regular method can always opt for correspondance mode of study. Some of the top universities in India offer B.Com. (Pass) and B.Com. (Honors) in the correspondence mode also. Some of these universities are:
Bachelor of Commerce degree is typically of 3 years and could be either in the annual system or semester system of assessment. Many Universities also require students to complete a project in order to earn the degree. A typical B.Com. course has following components:
Some of the subjects which form the core part of a Bachelor of Commerce Program are:
Some of the subjects which are available as electives for B.Com. students are:
Some of the subjects in B.Com. (Vocational) are:
B.Com. syllabus is similar, in many respects, across all universities in India. The core courses are designed to help a student learn the basics of commerce, trade and business practices in India and World.
Title of Paper
Ledger Posting and Trial Balance, Depreciation Accounting, Final Accounts, Consignment and Joint Venture Accounts, Accounting Process
Macro and Micro Economics
National Income Determination, GDP, Concepts of Macro Economics, Macro Economic Framework, Analysis of Money Supply and Inflation, Equilibrium of Product and Money Market, Demand & Supply, Ordinal Utility Theory, Production and Cost, Market Structures, Perfect Competition, Monopoly Firm
Business Organization and Management
Introduction, Planning, Organizing, Staffing, Controlling, Individual and Group Behavior in an Organization, Organizational Processes
Basics of Computer and its Evolution, Computer Software, Operating System Concept, Computer Networks and Applications
Business and Industrial Laws
The Indian Contract Act 1872, Sale of Goods Act 1930, Negotiable Instrument Act, LLP Act, Payment of Wages Act 1936, Payment of Bonus Act 1965, Payment of Gratuity Act 1972
Cost and Management Accounting
Meaning and Scope of Cost Accounting, Labor Cost, Overhead, Cost Ledgers, Contract Costing, Marginal Costing, Budgeting, Accounting and Control of Material Cost, Accounting and Control of Labor Cost, Methods of Costing, Marginal Costing, Budgetry Control
Introduction, Remedial Grammar, Communication, Professional Writing
Basics of Counting, Linear Algebra, Differential Calculus, Integral Calculus
Company and Prospectus, Company Meetings and Resolution, Company Secretary, Employees State Insurance Act 1948, Minimum Wages Act 1948, Employees’ Compensation Act 1923
Economics Development and Policy in India
Nature of Indian Economy, Human Resources and Economic Development, Industrialization, Indian Finance System, Foreign Trade
Income Tax and Auditing
Basic Concepts of Income Tax, Total Income and Tax Computation, Income Tax Return
Introduction to Business Communication, Written Communication, Oral Communication, Communicating in a Cultural World, Theory of Communication, Business Negotiation
Industrial Structure and Market Structure, Integrated Industrial Development, Economic aspects of Industrial efficiency, Industrial location and regional Development
International Trade Theory, International Trade Policy, World Trade Organization, Factor Endowment and Heckscher
Corporate Governance, Business Ethics, and CSR
Conceptual Framework of Corporate Governance, Indian Framework of Corporate Governance, Board Committees and their function, Codes and Standards on Corporate Governance, Business Ethics, CSR
Human Resource Management
Acquisition of Human Resource, Training and Development, Strategic HRM
Statistical Data, Measures of Variation, Simple Correlation and Regression Analysis, Index Numbers
Share Capital and Debenture, Final Accounts of Companies, Amalgamation of Companies, Banking and Insurance Companies
Generally, colleges follow lecture method for imparting lessons. However, the total curriculum also includes Class Presentations – solo and group, Seminars, Workshops and Industry Visits.
B.Com. course imparts basic knowledge about trade and commerce practices in society and prepares a student for job opportunities in a wide variety of sectors. A B.Com. graduate can work in both public and private sectors. They are fit to work in a variety of industries and take on varied roles like administration, hospitality, accounting, marketing, retailing, production planning etc.
Career options available after a B.Com. degree are endless. B.Com. jobs range from roles in Finance and Accounting, Banking Industry, Corporate Sector etc. Some of the sectors which employ B.Com. degree holders are Banking, Media, BPOs, Tourism Industry, Hospitality , FMCG Telecom etc. There are various roles available in the Private Sector for B.Com. degree holders. Some of the roles and areas of function for students with B.Com. are:
Individuals with a B.Com. degree can apply for many government vacancies. There are also jobs in public sector which require specific skills in accounting and statistics. Some of the jobs available in Public Sector are Bank Manager, Statistical Officer, Accountant, Indian Defense Accounts Services, Civil Services etc.
Some of the job profiles associated with B.Com. program are mentioned below.
There is no dearth of job opportunities for candidates with Bachelor of Commerce degree. It is already established that B.Com. graduates can work in a wide variety of roles. Some of the top recruiters for B.Com. graduates are:
Average salary offered to B.Com. graduates depends on a few factors like the institution of study, city of study, skills acquired, specialization and any additional certification or degree. For example, a candidate with a specialization or an additional certification in Hotel Management will get a better salary in Hospitality industry. Similarly someone with a B.Com. degree from one of the top universities and with a good specialization has a better chance of getting a good salary. Below is a chart for Top Salary Package offered to students in some of the best colleges in India:
Not necessarily all students who complete their Bachelor of Commerce degree, settle for a job. Many students aspire for further studies. For such students there are numerous good options available. Below is a list of options available in the academic field after completion of B.Com.