What is BCom Economics?
BCom Economics is a 3-year duration undergraduate course. This program focuses on inculcating the basics regarding business in students. The aim of this course is to train students in various operational,cost accounting and business aspects.
Candidates must have passed Class 12 or equivalent with Mathematics as a compulsory subject from a recognised board in order to be eligible to apply to this course.
BCom Economics admissions are usually done either on the basis of the score obtained by a candidate in an entrance exam or on merit basis. The subjects included in the BCom Economics Syllabus are financial accounting, business communication, partnership accounting, macroeconomics etc.
Some of the top colleges that students can opt for the BCom Economics Admissions are mentioned below:-
- Loyola College, Chennai
- Hindu College, New Delhi
- Lady Shri Ram College for Women, New Delhi
- Christ University, Bangalore
The average course fee for BCom Economics course varies from INR 5,000 to 6,00,000.
On completion of the UG course, candidates can go for masters in commerce in this field or can pursue MBA.
The various jobs positions upon completion of b.com in economics includes Economist, Financial Risk Analyst, Accountant, Economics lies from INR 3,60,000 to 6,00,000 per annum. BCom Economics deals with understanding the production of resources,their expenditure and how these resources actually help the society.The aptitude of the course is towards banking and business sector.
BCom Economics Course Highlights
|Full form||Bachelors in Commerce in Economics|
|Eligibility||50% aggregate in Class 12 from a recognized board.|
|Admission Process||Entrance/ Merit-Based|
|Average Annual Fees||INR 5,000 - 6,00,000|
|Average Annual Salary||INR 3,60,000 - 6,00,000|
|Top Recruiting Companies||KPMG,Deloitte,PWC,Frnst and young,Reliance,ICICI bank|
|Job Positions||Economist, Economic Researcher, Accountant, Financial Risk Analyst.|
What is the BCom Economics Admission Process?
BCom Economics admissions are done through candidate’s performance in entrance exams or through merit basis. The step-by-step procedure to apply for BCom Economics course is given below:
- Candidates have to directly apply to the college/ university he/ she wishes to seek admission to.
- Maintain a good score in Class 12 as the scores obtained in these form the basis of the entire selection process.
- In due course of time colleges release their cutoff lists.
- If they cross the cut off marks decided by the admission authority, they need to visit the college and submit all the requisite documents.
Entrance based selection
- Apply to the colleges/ universities you are interested in for admission.
- Register yourselves for the entrance exams that you need to qualify to seek admission to the desired college.
- In order to be eligible for admission, one must clear the cut-off marks decided by the admission authorities.
After the conclusion of the admission process, the college/ university will move towards the final allotment of seats to the students and candidates need to deposit the admission fees afterwards
BCom Economics Eligibility Criteria
Candidates need to satisfy the following eligibility criteria for admission into the BCom in Economics course:
- Students must have passed Class 12 from a recognized board with an aggregate of at least 50% marks (45% for reserved category candidates).
- It is mandatory for the students to have studied Mathematics as a compulsory subject in class 12th.
Popular BCom Economics Entrance Exams?
Some of the top BCom Economics Entrance Exams are given below:
BHU UET: It is a national level entrance exam which is conducted by the Banaras Hindu University to select candidates for admission to BSc, BA, BCom, BPEd, BEd, LLB, BPA, BVSc, BFA etc.
LPUNEST: LPUNEST is a university level entrance test which is conducted by the Lovely Professional University. The exam is conducted with an aim to shortlist students for admission into various courses like Engineering, Law and MBA.
The dates related to the above mentioned exams are given below:
|Entrance Exam||Application Period||Exam Date||Entrance Mode|
|BHU UET 2021||To be announced||To be announced||Online|
|LPUNEST 2021||First Week of January to March 20, 2021||March 20 to April 05, 2021||Online|
How to prepare for BCom Economics entrance examinations?
If one is aware of the exact exam pattern of a particular exam, it is not difficult for him/ her to score well. Hence, it is advisable to check previous year papers to get a better idea of the exam pattern.
Students can follow the below mentioned tips to perform well in BCom Economics Entrance Exams:
- Generally, questions will be asked in MCQ form in the entrance test. In some of the exams, there is negative marking for every incorrect answer. So, attempt only those questions in which you are 100% confident.
- The questions available in the entrance exam are of 10+2 level. So, don’t forget to revise the syllabus of Class 12.
- One must be habitual of reading newspapers daily to get updated with the current affairs.
- Appear for mock tests regularly. By doing this you will be able to know your strengths and weaknesses and work upon them.
How to get admission to a good BCom Economics college?
To get admission to a BCom Economics course, students have to focus on the qualifying exam scores for both boards and college entrance.
- Solid Analytical Skills: This course requires candidates to have high PSA skills as they have to deal with uncertainties after completion of this course. Therefore, the candidate's mind must be well aware and willing to understand and fill these analytical gaps.
- Attention to Detailing: This skill is required when working with accounting and finance as each project involves detailed planning and execution of the same.
- Updated with the latest trends in the field: It is very important to have wonderful Accounting skills to excel in this course and also to get updated with the latest trends concerning the field.
BCom Economics Syllabus
BCom Economics course covers the following detailed syllabus which may vary from one institute to another.
The detailed syllabus is tabulated below:
|Semester I||Semester II|
|Macroeconomics||Commercial Bank Management|
|Economy of India||Financial Market Operation|
|Financial Accounting||Cost Practice and Theory|
|Partnership Accounting||Statistics Principles|
|Business Communication||Company Accounts Principles|
|Business Regulatory Framework||-|
|Semester II||Semester IV|
|Applied Economics||Indian Banking|
|Microeconomics||Advance Cost Accounts|
|Business Environment||Advances of Statistics|
|Indian Contract Act||Management Principles|
|Semester V||Semester VI|
|Public Finance||Income Tax|
|Insurance Business Principles||Auditing|
|Income Tax of Individuals||Business Income Tax|
|Marketing Management||International Marketing|
|Managers Accounting||Project Planning and Control|
Important Books for BCom Economics
Some of the important books for reference for BCom in Economics students are mentioned in the table below:
|Name of the Book||Author|
|Aryasri and Murthy Business Economics||Tata McGraw Hill|
|General Economics Tata McGraw Hills||Deepashree|
|Cengage Principles of Economics||Mankiw|
|S.Chand Business Economics||HL Ahuja|
|Himalaya Fundamentals of Business Economics||Mithani|
Top Colleges offering BCom Economics Course
The table below shows the best BCom Economics colleges and universities that offer the course in a full-time mode.
|Name of the College/ University||Average Annual Fees|
|Chandigarh University, Chandigarh||INR 1,05,000|
|Jain University, Bangalore||INR 1,20,000|
|Meerut Institution of Technology, Meerut||INR 21,000|
|Jai Hind College, Mumbai||INR 5,330|
|Institute of Professional Education and Research, Bhopal||INR 50,450|
|AKS University, Satna||INR 22,000|
|Woxsen University, Hyderabad||INR 2,50,000|
BCom Economics College Comparison
The following table depicts the comparison made among the top three BCom Economics Colleges in India.
|Parameters||Chandigarh University||Jain University||Meerut Institute of Technology|
|Objective||To be globally recognised as the epitome of research and knowledge.||Promote Academic, industry and research interaction to impart knowledge inputs.||To become world class in the field of Technology and Technical Education.|
|Average Annual Fees Fees||INR 1,05,000||INR 1,20,000||INR 21,000|
|Average Annual Salary||INR 4,00,000||INR 3,16,000||INR 3,00,000 - 4,00,000|
|Top Placement Companies||Wipro, Capgemini, IBM, Mind Tree etc.||Wipro, HCL, TCS etc.||TCS, Wipro, UST Global etc.|
BCom Economics Vs BA Economics
BCom in Economics covers the subjects and aspects related to the commerce and related fields.the course focuses on the major areas in the field of commerce which includes finance,accounting,insurance,taxation etc.It is more commerce related.
BA Economics covers the both quantitative and qualitative aspects of Economics.It focuses entirely on the economy related aspects and covers both the basic and in depth knowledge of the course.
Also check top BA Economics Colleges here.
The course comparison for the above mentioned course is tabulated below:
|Parameters||BCom Economics||BA Economics|
|About Course||The course aims to prepare students in the field of Economics and equip them with both strong technical knowledge and practical sensibility.||The course involves a study of the main aspects related to improving an organization’s overall profitability through different approaches and techniques|
|Duration||3 Years||3 Years|
|Admission Criteria||Merit/ Entrance-Based||Merit/ Entrance-Based|
|Eligibility Criteria||50% aggregate in Class 12 from a recognized board with Mathematics.||50% aggregate in Class 12 from a recognized board with Mathematics.|
|Job Options||Chartered Accountant, Insurance Consultant, Company Secretary and Auditors, Financial Risk Managers||Indian Economics Services, Ministry of Economic Affairs, Planning Commission|
|Average Annual Fees||INR 5,000-6,00,000||INR 10,000-50,000|
|Average Annual Salary||INR 3,60,000 - 6,00,000||INR 3,50,000 - 4,50,000|
Future Scopes of BCom Economics
The BCom Economics course has become very popular among students nowadays. A large number of students are pursuing this course. The course offers diverse career opportunities.. The most popular choices of education on completion of a BCom Economics degree are as follows.
- MCom: If one wishes to continue in the same field of education, he/ she can opt for a MCom Economics course.
- Also check Top MCom Economics Colleges in India.
- Competitive examinations: Another route that BCom degree holders can opt for is to prepare for competitive examinations. They can appear for various govt. Job exams and get a respectable position.
- Job Prospects and Career Options after BCom Economics (h3)
- Ample opportunities are present in the field of banking sector, stock exchangers, BPOs, Financial Agencies, Financial Department of various industries, BPOs and many more.
- The job options include Auditor, Investment Advisor, Financial Director, Business Risk Advisor, Lead Modeller etc.
The various Job positions and their description along with the average annual salary is depicted in the table below:
|Job Position||Job Description||Average Annual Salary|
|Auditor||Responsible for tracking the cash flow and accounts of different companies.||INR 4,00,000 - 5,00,000|
|Financial Risk Manager||A financial Risk manager has the duty to analyse the asset threats, knowing earning capacity or success of a business.||INR 3,00,000 - 5,00,000|
|Investment Advisor||The work includes providing consultation and advice regarding the finances/assets of a company.||INR 4,00,000 - 6,00,000|
|Financial Director||It includes supervising and overseeing the internal controls and setting financial targets and strategies.||INR 15,00,000|
|Lead Modeller||The work includes creating accurate designs and models in the given time frame.||INR 4,00,000 - 5,00,000|
Source: College Websites
BCom Economics FAQs
Ques. What is the duration of the BCom in Economics course?
Ans. The duration of the BCom in Economics course is of three years and includes a total of six semesters.
Ques. Is there any entrance exam conducted for admission into the BCom Economics course?
Ans. There are many entrance exams conducted for admission into the B.Com Economics. Candidates need to appear for the state/institution based entrance exam conducted by the concerned statutory body or other institutional body.
Ques. What is the educational qualification required for admission into the B.com in Economics course?
Ans. Candidates need to have passed class 12 with an aggregate of 50% from a recognised board for admission into the course. The percentage might vary for the reserved category candidates. Along with it, candidates need to have a valid score in the entrance examination (if any) conducted by the concerned statutory body or educational institution.
Ques. What is the average fees for the B.com in Economics course in the Indian educational institutions/colleges?
Ans. The average fees may vary for the private and government Institutions. The average fees lies between INR 5,000- 6,00,000 depending upon the institution in which the candidate has got admission.
Ques. Will post graduation help me in enhancing my career in the Economics field?
Ans. Post graduation covers all the in-depth aspects and concepts related to the Economic field. The post graduate will help in enhancing not only the advanced skills required in the subject but will inculcate the more practical knowledge and skills in the Economy field.
Ques. What are the top companies best for pursuing an internship upon completion of the BCom in Economics course?
Ans. The top companies best for pursuing an internship upon completion of the B.com in Economics course includes Reliance, ICICI Bank, Ernst and Young, KPMC etc. It solely depends on the number of vacancies available with the respective companies.
Ques. Should a candidate pursue a post graduation or job after completion of the graduation in B.com in Economics?
Ans. A candidate can either pursue post graduation or job as per their needs or interests. If a Candidate desires to excel in the field or have the keen interest to know the advances of the subject can go for post graduation. If placed at a good position and company, a candidate can pursue his/her job in this field.
Ques. What are the various job positions and work associated with them in the field of B.com in Economics?
Ans. The job positions can vary as per the desire of the candidate. The candidate can go for the respective branch or jobs position which brings out their critical thinking and analysing power. The positions include Auditor, Financial Risk Manager, Insurance Consultant, and many more. The sole purpose of these employees are ensuring the good running process of the economics field in the business related aspects and baking as well.
Ques. What is the average salary offered after completing BCom in Economics?
Ans. The average salary depends upon the position of the job position of the candidate. However, a B.com in Economics graduate can earn between INR 3,00,000 and 5,00,000.