B.Com. in Business Economics is a 3-year full-time undergraduate course, the minimum eligibility for admission to which is a Higher Secondary Certificate (10+2) qualification in the Commerce stream, with a minimum aggregate score of 50%.
Admission to the course is based on the candidate’s performance in a relevant entrance test, and subsequent round of counselling.
|Bachelor of Commerce in Maharashtra||Bachelor of Commerce in Uttar Pradesh||Bachelor of Commerce in Madhya Pradesh||Bachelor of Commerce in Rajasthan|
Such postgraduates are hired in capacities such as:
The average tuition fee charged for the course in India ranges between INR 13,000 and 1.2 Lacs for a span of 3 years.
The average annual salary offered to such professionals ranges between INR 5 and 8 Lacs, increasing with experience and expertise.
Listed below are some of the major highlights of the course.
|Eligibility||Higher Secondary Certificate (10+2) qualification in Commerce with a minimum aggregate score of 50%.|
|Admission Process||Based on counselling after qualification of entrance tests.|
|Course Fee||INR 13000 to 1.2 lacs|
|Average Starting Salary||INR 5 to 8 lacs per annum|
|Top Recruiting Companies||KPMG, EY, DE SHAW, McKinsey, Research, etc.|
|Top Recruiting Areas||Financial Companies, Research Companies, Business Consultancies, Educational Institutes, Industrial Houses, and such.|
|Top Job Profiles||Business Analyst, Business Analytics Manager, All-round Financial Analyst, Investment, Financial Director, Senior Business Intelligence Analyst, Business Risk Advisor, Analyst-Health Economics Modelling, Business Development Executive- Finance, Forex and Economics, Analytics Manager, Market Analytics Consulting, Forex Exchange Consultant, among others.|
The course has been designed to inculcate business acumen in students with a background in Economics. The course curriculum includes subjects such as:
Graduates of the course interested in pursuing higher studies in the discipline may go for graduate courses like MBA, M.Com., M.A. Economics, M.Phil. in Economics, etc.
Areas of specialization offered as part of the course include:
Ideal candidates for the course would possess:
Listed below are some of the top institutes in India that offer the course.
|Name of Institute||City||Average Fees|
|Digboi College||Digboi||INR 13,000 (course)|
|Adarsh Mahavidyalaya||Omerga||INR 60,000 (course)|
|Jai Hind College||Mumbai||INR 14,000 (course)|
|Shivaji Mahavidyalaya||Ahmednagar||INR 50,000 (course)|
|Vishwasattya Arts and Commerce College||Nasik||INR 30,000 (course)|
|L.S.M Government P.G. College||Pithoragarh||INR 45,000 (course)|
|Jyoti Niwas College||Bangalore||INR 1,20,000 (course)|
|Shree Gokarnanatheshwara College||Mangalore||INR 14,000 (course)|
Listed below are the minimum criteria of eligibility that interested candidates need to fulfil in order to apply for the course.
|Bachelor of Commerce in Karnataka||Bachelor of Commerce in Punjab||Bachelor of Commerce in West Bengal||Bachelor of Commerce in Gujarat|
Most institutes offering the course admit students based on their performance in a relevant entrance test, followed by a round of Personal Interview. Some institutes conduct their own entrance tests for offering admission. Admission process generally varies across colleges.
A few institutes also provide direct admission based on the candidate’s score at the 10+2 level.
Some such entrance tests held in the country for admission to the course are:
A semester-wise breakup of the course’s syllabus is tabulated here.
|Financial Accounting||Financial Accounting|
|Principles of Management||Human Resources Management|
|Business Mathematics||Business Statistics|
|Business Economics||Business Economics|
|Corporate Accounting||Indian Constitution|
|Marketing Management||Corporate Accounting II|
|International Business Environment||Financial Management|
|Indian Financial System||Practice of Banking|
|Cost Accounting||Computer Business Applications|
|Computer Fundamentals||Business Laws|
|Techniques of Cost Accounting||Income Taxes II|
|Income Taxes||Management Accounting|
The course is best suited for those with a penchant for Economics and related fields of study. The course is concerned with components of study such as:
Business Economics is the part of Economic Theory which focuses on business enterprises and delves into factors contributing to:
Some of the popular professional avenues open to successful graduates of the course are listed below with the corresponding salaries offered for the respective positions.
|Job Position||Job Description||Average Annual Pay in INR|
|Business Analytics Manager|
The role of a Business Analytics Manager is quite varied. They understand business needs and objectives, develop strategies for effective data analysis and reporting. Also, they define company-wide metrics and relevant data sources, select, configure and implement analytics solutions and lead and develop a team of data analysts.
They are also responsible for overseeing all analytics operations to correct discrepancies, and ensure quality and extract reports from multiple sources (e.g. operations, IT, customer feedback). Also, they build systems to transform raw data into actionable business insights, and apply industry knowledge to interpret data and improve performance to keep abreast of industry news and trends.
Business Analytics Managers are critical to a company, in that they provide the means by which companies review their progress against success, and provide the means to report to the client. Meeting turnaround deadlines for report production is critical to ensuring that deadlines with client are met, and that they are seen in the best light.
|Marketing Analytics Manager|
Marketing Analytics Managers are responsible for the analytics, insights, and reporting of Business Customer Outreach customer satisfaction strategies, and business communications and outreach efforts. They are responsible for managing and ensuring that there are quality analytical and reporting processes across all stakeholders.
Such professionals must display a demonstrated ability to transform information from various data sources into actionable insights and recommendations.
Job roles also include econometric modelling and customer segmentation profiles that provide the ROI for marketing and communications, as well as customer value. Additionally, they are responsible for managing the department budget and forecasting process.
|Forex Exchange Consultant|
Foreign Exchange Consultants lend their expertise to overseas financial markets, businesses, and individuals seeking to invest globally. Consultants make forecasts, provide in-depth analysis of markets, and make trade recommendations based on their findings.
The foreign exchange markets allow businesses and individuals to convert one currency into another and set currency exchange rates. Foreign Exchange Consultants assist clients in understanding and capitalizing on foreign currency markets by giving their clients information on exchange rates and insights into global markets.
Most Foreign Exchange Consultants work for large firms that specialize in foreign markets. Job opportunities for Foreign Exchange Consultants also exist overseas, where knowledge and experience of markets is valuable.
Demand for experts in this field has grown in recent years owing to investors seeking information and analysis of foreign markets in the wake of global markets falling and growth of overseas markets.
Health Economics is one of those rapidly growing fields that link up business with health care. Health Economists use their knowledge of economics by applying it to a variety of challenges in health and medicine.
As the population continues to grow, the demand for quality and cost-effective health care similarly grows, leaving careers in health economics vital to sustaining the health care system. Health Economists are professionals who investigate how resources are used in health care.
They also focus on the distribution of resources and the maintenance of occupational health in the health care system. They may work in the public side of health care, or may be employed by privately owned companies.
Health Economists use their skills and the tools learned during their education and career experience to analyse health care and its many subfields. Also, they evaluate health care policies and appease numerous challenges in the health care field.