B.Com. Finance is a 3-year full-time undergraduate course, the minimum eligibility for admission to which is a Senior Secondary Certificate (10+2) qualification completed with a minimum aggregate score of 50%. The program is spread over 6 semesters including both project work and industry exposure.
Top Institutes offering this course are:
Admission to the course is based on the candidate’s performance in a relevant entrance test, and subsequent round of personal interview. However, some colleges also offer direct admission to the candidate based on the merit obtained at the 10+2 level.
Such postgraduates are hired in capacities such as Risk Manager, Treasurer, Finance Officer, Finance Controller, Insurance Manager, Trainee Associate, Financial Planning Associate, Money Markets Dealer, Financial Research Manager, Cash and Credit Manager, Risk Analyst, Security Analyst, Cashier/Teller, Equity Research Analyst, Corporate Analyst, Investment Analyst, Investment Manager and so on.
The average tuition fee charged for the course in India ranges between INR 10,000 and 6 Lacs for a span of 3 years, and the average annual salary offered to such professionals ranges between INR 5 and 10 Lacs, increasing with the candidate’s experience and expertise.
Listed below are some of the major highlights of the course.
|Examination Type||Semester System|
|Eligibility||SSC with at least 50% marks in aggregate|
|Admission Process||Merit-based/ Based on qualification of entrance test followed by round of personal interview|
|Course Fee||INR 10,000 to 6 Lacs|
|Average Starting Salary||INR 5 to 10 lacs per annum|
|Top Recruiting Companies||Business Consultancies, Educational Institutes, Industrial Houses, Public Accounting Firms, Policy Planning, Foreign Trade, Banks, Budget Planning, Inventory Control, Merchant Banking, Marketing, etc.|
|Job Positions||Financial Planning Associate, Money Markets Dealer, Financial Research Manager, Cash and Credit Manager, Risk Analyst, Security Analyst, and such.|
The course essentially involves an advanced study of the principles of capital and investment in a commercial setting. The curriculum has been designed to build in eligible candidates the requisite skills applied across the broad spectrum of financial disciplines including Economics, Statistics, and Accounting and the international business sector.
B.Com. in Finance aims to impart to candidates:
Listed below are some of the top institutes in India that offer the course, along with their corresponding details.
|Name of Institute||City||Average fees|
|Maulana Azad College||Kolkata||INR 10,000 (course)|
|Ambedkar University||Delhi||INR 50,000 (course)|
|A.E.S. National College||Bangalore||INR 20,000 (course)|
|Daulat Ram College||Delhi||INR 40,000 (course)|
|Gargi College||Delhi||INR 40,000 (course)|
|Narsee Monjee College of Commerce and Economics||Mumbai||INR 45,000 (course)|
|Christ University||Bangalore||INR 6 lacs (course)|
|Guru Nanak College||Chennai||INR 60,000 (course)|
|Annamalai University||Tamil Nadu||INR 70,000 (course)|
|Indira Gandhi National Open University||Delhi||INR 20,000 (course)|
|Sree Narayan Guru College of Commerce||Mumbai||INR 18,200 (course)|
|Quantum School of Graduate Studies||Roorkee||INR 20,000 (course)|
|Rajiv Gandhi South Campus||Mirzapur||INR 30,000 (course)|
|School of Financial Engineering||Noida||INR 50,000 (course)|
Candidates wishing to apply for the course need to fulfill the following eligibility criteria:
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 institutes that conduct entrance tests in the country for admission to the course are:
A semester-wise breakup of the course’s syllabus is tabulated here.
|Principles of Management||Business Law|
|Financial Accounting –I||Managerial Economics|
|Business Mathematics||Introduction to OB & HRM|
|English Language & Business Communications-I||Principles of Marketing|
|Computer Application for Business||Business Statistics|
|Cost and Management Accounting||Financial Management|
|Financial Accounting-II||Indirect Tax Laws|
|Direct Tax Laws||Financial Institutions and Markets|
|Managerial Economics(Macro)||E-Commerce & Computerized Accounting|
|Security Analysis and Portfolio Management||Derivatives|
|Financial Management - II||International Finance|
|Insurance and Risk Management||Auditing and Assurance Services|
|Entrepreneurship Development||Business Ethics and Corporate Governance|
|-||Project Report and Viva voice|
Such graduates are popularly recruited as government Financial Advisors. They may also work at the local, State or central level, involved in projecting costs and revenues and taking various budgetary decisions. They also have the option to work in budget developing teams and may be involved in formulating and managing financial plans.
This program lays a good foundation for higher studies as well, and interested graduates may pursue a Master’s degree or Ph.D. in the same or allied fields. The course also develops excellent creative thinking, financial analysis, communication and interpersonal skills in enrolled students. Many of them also pursue teaching as a profession.
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|
|Risk Analyst||A Risk Analyst, sometimes referred to as a Risk Manager, helps businesses determine the level of financial risks involved concerning investments and operational costs. Many Risk Analysts work for financial institutions, such as banks and investment firms.||7 lacs|
|Security Analyst||Stock Analysts, or Securities Analysts, spend time in researching and examining financial data of stocks and companies. They also advise businesses on how to best invest their money. They look at the financial results, market prices, and industry factors and use this data to try to predict the future earnings of the company, and advise their clients if it is wise to buy or sell stocks in that business.||6 lacs|
|Equity research analyst||An Equity Research Analyst monitors trends in specific industries, initiates, and supervises research on companies in those sectors. Their duties may differ based on whether an analyst works on the ‘buy side’ or ‘sell side.’ Buy-side Analysts work for hedge funds, mutual funds and other institutional investors. Sell-side Analysts work for independent research firms or for investment banks.||5 lacs|
|Investment Manager||An Investment Manager provides investment information and financial advice. They work with corporate and individual clients and maintain knowledge of a wide range of investment and financial products, including trusts, stocks, bonds, and shares. They must stay up-to-date about market situations and company decisions that may impact one another.||10 lacs|
|Insurance Manager||The role of an Insurance Manager involves supervising operations within an insurance practice. They oversee company insurance or related funds that management uses to cover costs such as disability benefits or lawsuits. They also analyse statistical data, such as mortality, accident, sickness, disability, and retirement rates, and construct probability tables to forecast risk and liability for payment of future benefits.||6.5 lacs|