B.Com General - A Traditional Course

Hi all!

In this post I am going to give you the details of Bachelor of Commerce (B.Com) general and its opportunities. 

B.Com. is one of the popular undergraduate courses among students. In India,it  is available in three modes – B.Com. (pass course), B.Com. (Honors) and B.Com. (Vocational)-See my previous post to know in detail[B.Com course categories- overview].

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.



Duration - 3- 4 years(Hons degree also available)
Note-The course can be pursued as full-time and part-time and also through correspondence mode depending upon one’s choice.

Eligibility - 10+2 Pass (with commerce group is highly preferable)

Average fees - 12 K to 30 K for three years (Government aided colleges) may vary up to 75 k under private institutions for three years.

Significance of B.Com degree

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.


Academic Options after B.Com

Students can pursue a good number of postgraduate programs after B.Com. Below listed are most
popular degree programmes for B.Com graduates:

M.Com. – Master of Commerce is a postgraduate degree in commerce and is an extension of B.Com. You should go for M.Com. if you have an urge to study commerce subjects and gain a deeper insight of how an organization works. All major universities in the country offer M.Com. program. Generally an entrance is held for admission to this program.

MBA – Master of Business Administration  is one of the popular options for Bachelor of Commerce graduates. A B.Com. degree gives an edge to MBA aspirants as some of the subjects taught in B.Com. are repeated in the curriculum during the first year of MBA.

CA – Chartered Accountancy can be pursued with or after the B.Com. course. A background and understanding of commerce helps in the completion of the CA course. Since Accounts is a compulsory paper for B.Com. students, it is helpful when pursuing CA.

CS – Company Secretaryship  is another popular option and can be pursued along with a B.Com degree. CS prepares an individual for regulatory roles in an organization.

ICWAI – Institute of Cost & Work Accountants prepares cost accountants who control and manage cost of an organization. This course can also be pursued graduation.

CFA – Chartered Financial Analyst  is also a professional course and gives a deeper understanding of the financial aspects in an organization. It spans a wide variety of subjects like Economics, Derivatives, Accounting, Portfolio Management, Funds etc.

Law – A student can also opt for LLB(Bachelor of Legislative Law) after B.Com. With Business Law as part of the curriculum it is also a viable option.

Actuarial Science – Actuarial Science is an off beat discipline but also has high-paying potential.It helps an individual to develop mathematical and statistical skills to assess risk in finance, insurance and other industries.

CMA – Certified Management Accountant  is a professional course and helps an individual to learn skills pertaining to financial planning, control, analysis, decision support and company ethics.

CFP – Certified Financial Planner is a professional degree for financial planners and is ideal for students who wish to pursue a career in Financial Planning.

Scope of B.Com

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 graduate of B.Com 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.The employment area are

• Banking & Insurance sector
• Business Consultancies
• Foreign Trade
• Educational Institutions
• Hospital
• Media Industry
• Public Accounting Firms
• BPO industry
• Inventory Control
• Marketing
• Working Capital Management
• Policy Planning
• Treasury and Forex Department
• Travel &Tourism
• Telecom Industry
• Consumer Durable Industry

Job Profile

• Accountant
• Tax Consultant
• Bank PO
• Account Executive
• BPO Team Leader
• Export/Import Executive
• Insurance Advisor
• Loan Advisor
• Event Management
• Commodity Trader
• Book Keepers
• Actuary

Pay scale 

The average entry level salary for B.Com graduates ranges from 10 k to 15 k per month.


Pros and cons of a B.Com Graduate

Take a look at the most common pros and cons below to determine if this is the right choice for you.

Pros

• Variety of scope in this stream with many opportunities.
• Fees of the course is easily affordable.
• You can do part-time study or job while you are studying.
• Develops managerial and communication skills.

Cons

• Though it have many opportunities,Competition is high-so many passed out in each upcoming year.
• Job growth is average with less pay.
• Have to do higher studies to achieve success.

Top colleges for B.Com -check this below link
http://collegedunia.com/bcom/tamil-nadu-colleges