B.Com is a three-year undergraduate degree, divided into six semesters framed in a way that broadens students’ exposure to disciplines such as accounting, management, finance, and economic reform. A B.Com degree will help students acquire an in-depth knowledge of the industry and provide an opportunity to polish the necessary analytical, communicative, and problem-solving skills required in the industry.
B.Com courses in India come with several advantages. These B.Com courses offer various specialisations in areas such as banking, finance, accounts, etc. Students who finish their B.Com can choose from various engaging and rewarding post-graduate programmes. These programmes include MBA, M.Com, Corporate Law, International Business Studies, and more.
You can choose from many graduate programmes and start your career confidently if you have a B.Com degree. Besides, the B.Com salary in India is relatively at par with the other bachelor’s degrees in commercial fields. Here are a few of the major reasons why enrolling in one of the best B.Com courses in India would be the perfect move for you.
Reasons why pursuing BCom can be your best decision:
1) High Chance of Employment
B.Com graduates can explore a wide range of business domains and job roles. Hence, there is a greater scope of employment after pursuing a B.Com degree than other similar undergraduate level subjects. Several large organisations and start-ups alike recruit B.Com graduates for roles such as Account Manager, Product Manager, HR and Admin Executive, to name a few. Other options include higher education and research-related opportunities.
2) Fast-growing Scope
The B.Com course duration in India is three years, spread over six semesters. Three years of focused learning on commerce and business administration make the students industry-ready. Successful candidates for managerial and directorial roles often have a B.Com, as doing so demonstrates their understanding of the markets and the industry. Many B.Com graduates opt for an MBA or PGDM degree after B.Com as the logical next step.
3) Wider Range of Job Choices
Since B.Com is a highly desired programme in the corporate world, B.Com graduates have a wide range of career options to choose from. Job roles such as account manager, auditor, financial advisor, executive officer, business consultant, financial manager, revenue analyst, junior market researcher, tax consultant, broker, economics professor, and business development associate, are available to the graduates in this regard. For the right student, the employment market is teeming with possibilities.
4) Chance to Discover Specialised Roles
Students graduating with a B.Com have a wide range of opportunities at their disposal. Such graduates can work in fields such as teaching, industry, staff accountant, international trade, budgeting, stock control, commercial banking, capital management, foreign exchange management, wealth management, and more.
A Bachelor of Commerce graduate can excel as an entrepreneur as well. B.Com grads have a firm grasp on the things that matter in the business world and the ability to pivot with the market. Alternatively, people may launch and operate their enterprises professionally and profitably without the aid of CPAs or marketing gurus. Potential financial ventures on a global scale are also open to the right B.Com graduate.
5) Possibility of employment in both public and private sectors
B.Com graduates are highly sought after by employers in both the public and private sectors. A Bachelor of Commerce degree is typically required for employment in several government agencies and industries, especially for accountancy, financial management and taxation-related functional roles. Furthermore, public sector organisations like NTPC, SAIL, and BHEL provide a wealth of prospects to fresh B.Com students in finance and accounting.
Higher Education after B.Com
If you are willing to pursue higher education after a B.Com degree, read the following paragraphs to gain insight into the variety of options as well as their significance:
- Certified Chartered Accounting
A student who has completed any undergraduate degree with a minimum of 60% may participate in CA studies. A Chartered Accountant may expect to earn a salary that is, on average, much higher than the average salary of freshers in India. For those who have already earned their B.Com degree, pursuing a CA is one of the most viable options.
- Master of Business Administration (Finance)
Most students incorrectly assume that an MBA in finance is equivalent to an accounting degree. Actually, accounting is only a tiny component of the much larger field of finance. MBA Finance applicants need to take the CAT, XAT, or GMAT and get a score in the 99th percentile or higher to get admitted to the best B-schools in India. Other MBA specialisations such as MBA Marketing, MBA Human resources, and MBA Operations are also highly sought-after by commerce aspirants.
- Masters in Commerce (M.Com)
After graduating from B.Com universities in India, students can continue their education with an M.Com or Masters in Commerce. This master’s degree provides an in-depth understanding of the subjects taught in B.Com and prepares the student for academia-related fields in the discipline. After an M.Com, students can choose to pursue further advanced degrees such as an M.Phil or a Ph.D in various fields including macroeconomics, statistics, finance, business management systems, corporate accounting, and many more.
After earning their Bachelor of Commerce degree, commerce majors in India can enrol in the Institution of Costs and Work Accountants of India (ICWAI) cost accounting program. It is common for ICWAI graduates to find work in high-demand positions such as finance manager, cost controller, tax professional, and senior auditor at MNCs globally.
The average B.Com salary in India is around INR 3.2 LPA to INR 6.4 LPA for most recognised institutes. However, this pay scale varies largely based on the graduate’s performance, job role, company policies, work experience, etc. Many graduates from the field of commerce and business have a comfortable income and benefits package due to the wide variety of opportunities available to them. Candidates with less than five years of experience may also receive a generous salary. Moreover, there are a multitude of choices for higher education which will amplify the career after a B.Com degree.
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Frequently Asked Questions
- Is B.Com suitable for a job?
Pursuing a B.Com degree opens up several doors for you in various fields such as human resources, finance, marketing, etc. B.Com is a professional course, making it extremely suitable for different kinds of jobs.
- What are the advantages of B.Com?
A B.Com degree helps you get familiar with current market trends and strategies, learn about industry standards, corporate laws and ethics, organisational behaviour and practices, etc. There is also a wide scope for future jobs and entrepreneurship.
- Is BCom easy or hard?
It depends on whether you like the subject or are doing it out of compulsion. If you enjoy studying the issues related to commerce, business or management, B.Com will be an interesting program for you. It is relatively easier for students with strong mathematical skills and a basic grasp of the corporate setup.