The 3 years Bachelor of Commerce (B.Com) course is the entry ticket for an astonishing career in banking, finance, business & taxation.
For any entity, commerce graduates are indispensable because they study finance, P/L statements, and manage the overall finances of the firm.
For any firm to survive, managing costs is vital. Hence, the B.com course is significant because they study accounts and manage the overall costing of the company.
For any organization, having a qualified accountant is vital to manage the income & expenditure of the firm.
The B.Com course trains on the complexities of P/L statements, taxes that are vital for clean accounts. Over the years, the B.Com course has transformed to include accounting software, GST & Income tax that has a wide applicability.
B.com course subjects:
The B.com course runs into 6 semesters comprising the subjects of Financial Accounting, Business Laws, Economics, Taxation, Auditing, and Cost Accounting, among others.
Finances & costs being the benchmarks for survival, the B.com course assumes significance because commerce graduates are experts in managing the accounts & finances of the firm.
B.com course Syllabus
Let’s delve into the B.com course syllabus:
| Semester-1 | Business Organisation and Management, Financial Accounting, Environmental Studies |
| Semester-2 | Business Laws, Business Mathematics and Statistics, Macro Economics |
| Semester-3 | Company Law, Income Tax Laws, Financial Analysis and Reporting |
| Semester-4 | E-Commerce, Industrial Laws, Human Resource Management |
| Semester-5 | Cost Accounting, Auditing and Corporate Governance, Principles of Marketing |
| Semester-6 | Corporate Tax Planning, Organisational Behaviour, Management Accounting |
With India spearheading the startup boom, all firms need an accountant to manage their finances and prepare the P/L statement.
For this crucial task, they hire accountants who not only manage accounts but also assist employees file tax returns on time.
Come March & the commerce graduates are in high demand because they help people file income tax returns, GST & the likes.
The popularity of B.Com course can be determined from the fact that 4.03 million students are pursuing B.com, according to the All India Survey of Higher Education (AISHE) published by the HRD Ministry on Sept. 22.
This is because an accountant is indispensable to manage the accounts & finances of the firm. A firm that cannot control its expenses & finances will find it hard to survive in the ever-changing business environment.
The need is to cut costs & invest the profit judiciously to sustain during troubled times like the Corona induced lockdown.
B.Com Course eligibility–10+2 with 33% marks (Eligibility – Commerce, Arts, and Science)
Students of all streams can pursue the B.com course provided they have an interest in accounts & finance.
B.com course fees
The B.Com course fees at some of the Government colleges are:
| Top Bcom Government Colleges | Average Course Fees |
| SRCC | INR 29,610 |
| Lady Shri Ram College for Women | INR 19,870 |
| Loyola College | INR 76,000 |
| Hindu College | INR 18,260 |
| Hansraj College | INR 20,950 |
| Narsee Monjee College of Commerce & Economics | INR 46,710 |
| Stella Maris College | INR 29,640 |
| Ethiraj College for Women | INR 76,000 |
| Sydenham College of Commerce and Economics | INR 5,420 |
| Gargi College | INR 12,490 |
| IP College for Women | INR 31,820 |
| Jesus and Mary College | INR 16,610 |
| GCCBA Kolkata | INR 1,300 |
| KC College Mumbai | INR 9,540 |
Similarly, students should check the fees of individual colleges because the fees depend on location, type of institution, course curriculum, etc.
Some of the B.Com colleges with low fees are:
| Top BCom Colleges with Low Fees | Average Fees |
| GCCBA Kolkata | INR 1,300 |
| Sydenham College of Commerce and Economics | INR 5,415 |
| St. Xavier’s College | INR 5,537 |
| HR College of Commerce and Economics | INR 5,762 |
| RA Podar College of Commerce and Economics | INR 5,925 |
| Sacred Heart College | INR 6,170 |
| MCC Mulund College | INR 6,935 |
| Telangana Mahila Visvavidyalayam | INR 7,640 |
| Mithibai College | INR 8,000 |
| Gargi College Delhi | INR 12,495 |
B.Com Salary
The average B.Com salary is 5 Lakhs which increases with experience & skill development. With time, students can up skill with the in demand courses further empowering them to increase their salary.
B.com graduates can pursue advanced courses like M.Com, MBA, CS, CA, CFA which adds value to their profile. With the requisite skills & qualifications their salaries will increase with time. What is crucial is to keep upgrading oneself because the business environment is changing requiring the need for new competencies.
Students should also learn to use AI tools because with time, no sector will be untouched with Artificial Intelligence. This will improve productivity making them valuable for the employer.
The B.com course readies for an accountant role because all want to control expenses & augment their income. The B.Com course trains in the art of managing accounts vital to control costs & run business in a profitable manner.
Career scope after B.Com
There is no dearth of jobs after B.Com because trade & business are the benchmarks of a growing economy. As mentioned earlier every business should have an accountant to manage their P/L statement vital to run the business profitably.
The various job roles after doing the B.com course are:
| Job Profiles | Average Salary (in INR) |
| Junior Accountant | 1.75 LPA |
| Accountant | 2 LPA |
| Account Executive | 2.5 LPA |
| Business Executive | 3 LPA |
| Financial Analyst | 3.7 LPA |
| Tax Consultant | 4.5 LPA |
| Financial Consultant | 5 LPA |
| Accounts Manager | 5.8 LPA |
| Business Consultant | 9 LPA |
Those interested in the IT sector can pursue MCA, MSc(IT) which opens a load of opportunities in the IT sector for commerce graduates. Consultancies like Mckinsey, Deloiite, GE etc hire accounts professionals as they perform accounting services for overseas clients.
