B.Com full form - Bachelor of Commerce,Subject, Courses, Scope & Career

08 January,2023  |  By Brainwonders

Bachelor of Commerce (B.Com) is a three-year undergraduate program that provides students with a comprehensive understanding of commerce and its related areas, such as Accounting, Economics, Business Law, Taxation, Insurance and Management. This degree is designed to equip individuals with the necessary skills to pursue various career opportunities such as Chartered Accountancy, Company Secretary, Cost and Work Accountancy, Insurance, Banking services and more. With a strong emphasis on financial principles, B.Com offers students a robust foundation in core financial matters, enabling them to become better equipped and prepared for successful careers in their chosen industry. All forms of the course, including traditional, distance learning, and online instruction, are recognized under UGC standards. Students may choose any method that best suits their academic needs to pursue their degree.

What is the full form of B.Com?

The Bachelor of Commerce (B.Com) is a three-year undergraduate degree course designed to provide students with a comprehensive understanding of business, finance, and accounting. Upon completion of their higher secondary education (10+2), students are eligible to apply for this program. Through rigorous academic study, graduates will obtain the skills necessary to analyse and interpret financial data, make sound economic decisions, and develop practical management strategies. This degree also provides invaluable insight into the principles of commerce, allowing for success in both the private and public sectors.

The Bachelor of Commerce degree provides students with a comprehensive understanding of taxation, management, accounting, finance, statistics, and other financial topics, empowering them to pursue research in the area.

What are the benefits of doing B.Com?

A B.Com degree provides students with a broad range of skills, including accounting, finance, marketing, organizational management, and other important business-related topics. The degree also provides valuable opportunities for professional development, such as networking and internships.

Those with a B.Com degree have the potential to land well-paying jobs in various industries and fields. Employers value the knowledge and education that comes with a B.Com degree, making it an attractive qualification for any job applicant. In addition, having a B.Com makes it easier to pursue further studies and gain additional qualifications in related areas.

What are the Factors influencing BCom cutoff scores for admission?

1) Number of candidates applying for B.Com for a specific college

2) Marks obtained in Class 12

3) Seats available for B.Com Course

4) Last year cut off score

Required Skill Set For B.Com

• Financial Skills
• Analytical Thinking
• Accuracy in calculations
• Leadership skills
• Mathematical Skills
• Communication Skills
• Problem-solving techniques

Highlight- B.Com (Bachelor of Commerce):

Full Form	Bachelor of Commerce
Course level	Undergraduate
Duration	3 years
Fee Structure	INR 10,000 to INR 50,000
Eligibility Criteria	12th from a recognised Board
Mode of learning	Regular, Distance and Online
Admission Procedure	Merit based
Salary structure	INR 3 to 6 LPA
Job profiles	Accountant, Banking, Taxation, Business, Management, Chartered Accountant, Company Secretary
Top recruiters	Ernest and Young, LIC, HDFC, Deloitte, Punjab National Bank, Citibank, SBI, KPMG

B.Com (Bachelor of Commerce) Eligibility:

Most institutes offer a Bachelor of Commerce in regular, distance and online modes. However, the eligibility criteria for regular and distance B.Com are almost the same, but taking the admission to distance B.Com is still easier. The eligibility criteria for distance B.Com:

• To be eligible for a Bachelor of Commerce (B.Com) degree, applicants must hold a minimum of 12th Class certification with a commerce stream. 
• English and Mathematics must both be core subjects in the applicant’s curriculum. 
• No examinations are required for direct enrollment in the course but licensing requirements may vary between colleges and universities. 
• When applying to an institution, the applicant must meet the specified eligibility criteria such as cut-off marks.

B.Com (Bachelor of Commerce) Admissions:

Admission to the Bachelor of Commerce (B.Com) program is based on academic merit, but some colleges may require the completion of additional entrance exams to evaluate a student’s qualifications. The B.Com program is available in full-time and distance formats, providing students with the option to select the mode that best suits their needs and availability. For instance, those who wish to gain work experience while advancing their degree can pursue an online or distance B.Com program. Alternatively, students who prefer to dedicate the entirety of their time toward earning a B.Com can opt for a regular B.Com course.

Types of B.Com	Admission Criteria	Fees
B.Com Regular	Merit based/ Entrance based	INR 10,000 to INR 1 Lakh
B.Com Distance	Merit based/ Entrance based	INR 45,000 to INR 60,000
B.Com Online	Merit based	INR 20,000 to INR 35,000

NOTE: The admission fee for B.Com might vary as per the institute of the university.

Top B.Com Exams:

Exam	Registration Date	Exam Date
CUET	1st week of April 2023 – 4th week of May 2023	2nd week of June 2023
IPU CET	March – May, 2023	June, 2023
NPAT	December 01, 2022 - May 21, 2023	January 04, 2023 – May 31, 2023
AIMA UGAT	November 23, 2022 – March 31, 2023	May 6, 2023
SUAT	To be announced	To be announced

B.Com Entrance Exam Syllabus:

• Accountancy 
• Business Studies 
• Verbal and Logical Reasoning 
• Maths 
• Basic Computer Questioning 
• Current Affairs

B.Com Course Specialisations

The Bachelor of Commerce course is available in various specialisations per the students' requirements. As a result, students can pursue the B.Com course as per their specialisation. Various universities provide different specialisations in B.Com to provide the utmost knowledge of subjects. The list of major disciplines are:

• B. Com in Advertising and Sales Management
• B. Com in Tax Procedure
• B.Com Business Law
• B.Com Capital Market
• B.Com Insurance and Risk Management
• B.Com Finance and Taxation
• B. Com in Computer Application
• B. Com in E-Commerce
• B.Com Auditing and Finance
• B.Com E-Banking
• B.Com Financial Management
• B.Com in Banking
• B. Com in Foreign Trade
• B. Com in Office Management

Some of the above-mentioned disciplines are explained below:

• Accounting and Finance: Accounting and finance are disciplines that focus on the analysis of financial data and subsequent delivery of actionable insights. Accounting techniques help to accurately determine the financial state of a business and its associated operations, while finance is charged with managing an organisation’s monetary funds. All transactions are outlined within financial statements, which serve as a summative report of a company’s fiscal performance and activities. Through leveraging both accounting and finance, businesses gain an understanding of their overall financial well-being in order to increase profitable growth and minimise potential risks.
• Taxation: Taxation is a critical process undertaken by government institutions to collect revenue from businesses and citizens. This revenue enables the government to carry out its responsibilities in providing public services. The study of taxation requires an understanding of accounting, financial planning and economic theory, allowing individuals to gain skills that help them solve complex issues related to taxation.
• Banking and Insurance: The B.Com. in Banking and Insurance is a three-year full-time undergraduate course designed to create professionals equipped to meet the demands of the ever-evolving banking and insurance sectors. The program consists of six semesters, each focused on providing students with specialised knowledge and skills related to banking and insurance operations. 

B.Com Colleges by States:

B.Com Colleges in Maharashtra	B.Com Colleges in Uttar Pradesh
Mumbai University  Shivaji University Sandip University BMCC Pune YCMOU Nashik	Lucknow University Allahabad University DBRAU Agra DDU Gorakhpur CSJMU Kanpur
B.Com Colleges in Kerala	B.Com Colleges in Tamil Nadu
Amrita Vishwa Vidyapeethum DIST Angamaly MACOLLEGE MCC Calicut GIAL Kottayam	Lucknow University Allahabad University DBRAU Agra DDU Gorakhpur CSJMU Kanpur
B.Com Colleges in Gujarat	B.Com Colleges in Madhya Pradesh
MSU Baroda HNGU Patan Marwadi University Auto University GLS University	Bhabha University IGNTU Amarkantak Sardar Patel University Swami Vivekanand University Oriental University

B.Com Colleges by Locations:

B.Com Colleges in Delhi	B.Com Colleges in Mumbai
DU SOL IGNOU JIMS Rohini Kirori Mal College  Jamia Hamdard University	Mumbai University VSIT Mumbai SNDT Women University Tolani College of Commerce Mulund College of Commerce
B.Com Colleges in Kolkata	B.Com Colleges in Chennai
Adamas University Netaji Subhas Open University ECGC Kolkata Institute of International Trade Victoria Institution	Sathyabama University MCC Chennai Vels University HITS Chennai Tamil Nadu Open University
B.Com Colleges in Bangalore	B.Com Colleges in Ahmedabad
Christ University Presidency University Jain University REVA University ISME Bangalore	GLS University Sabarmati University RJTCC Ahmedabad CC Sheth College of Commerce Aroma College of Commerce

Why should one pursue B.Com?

The reason for pursuing a B.Com course depends on the type of career they want to do ahead B.Com. For example, if a student has decided to pursue the CA (Chartered Accountant), then he should be opting for a B.Com course because one doing CA has to complete their graduation. In this case, he will be definitely pursuing the B.Com course.

Reasons why a Bachelor of Commerce is a good fit for students

• B.Com will open doors for a broad career scope in finance and management courses.
• Various specialisation B.Com courses available for students 
• This course is good for those who want to start a career in professional management, accounting and finance courses.

Top Careers Options After completing B.Com

Careers	Average Salary
Accountant	₹20,000-106,000
Administrator	₹20,000-40,000
Bank Probationary Officer PO	₹25,000-80,000
Banker	₹30,000-40,000
Business Intelligence Manager	₹30,000-40,000
Chartered Accountant	₹30,000-200,000
Computer Operator	₹8,000-25,000
Educationist	₹100,000-1,000,000

Types of B.Com (Bachelor of Commerce):

B.Com is an undergraduate degree in Commerce. Various types of B.Com are mentioned below:

B.Com (General)	B.Com Hons.
B.Com Banking and Insurance	B.Com Finance
B.Com Accounting	B.Com Accountancy

B.Com (Bachelor of Commerce) Courses:

B.Com is an undergraduate degree in Commerce. Various types of B.Com are mentioned below:

Accounting	Management
Cost Accountancy	Human Resources
Economics	Law
Finance	Marketing Management
Information Science	International Business

Also Read: Highest Salary Job After Class 12th Commerce.

Bachelor of Commerce is an undergraduate degree course that teaches the students about finance, accounting, taxation, and other essential aspects of commerce which help them to understand the trade or commerce world. The B.Com course is pursued by students who have a genuine interest in commerce and want to deeply gain sound knowledge about finance, accounting, management, taxation, statistics, etc.

UG & PG Programs	Details Guide 2023
All About MCA	All About PGDM
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All About MA	All About M Com

 

B.Com Semester-wise Syllabus:

Semester 1	Semester 2
Environmental Studies Financial Accounting Business Organisation and Management Elective Principles of Microeconomics New Venture Planning	Language Business Law Business Mathematics and Statistics Elective Principles of Macroeconomics Economics of regulation of domestic and foreign exchange markets
Semester 3	Semester 4
Company Laws Income tax laws Discipline specific elective Indian economy Financial markets and Institutions Skill based subject Banking and insurance Financial analysis and reporting	Indirect tax laws Corporate accounting Discipline specific elective Human resource management Industrial laws Skill based subject E-commerce Investing in stock markets
Semester 5	Semester 6
Auditing and corporate governance Cost accounting Discipline specific elective Principles of Marketing Training and Development  Skill based subject Computer Applications in Business Advertising	Fundamentals of Financial Management Business Communication Discipline specific elective International Business Consumer Affairs and Customer Care Entrepreneurship and Small Business Organisational behaviour Indian Polity and Governance Office Management and Secretarial Practices Corporate Tax Planning Fundamentals of Investment Management Accounting  Skill based subject Personal selling and Salesmanship Cyber crimes and laws

B.Com Subjects:

Decision Analysis	Taxation
Government	Transport Economics
Human Resource	Communication
Law	Politics and Public Policy
Logistics Management	Banking
Economics	Accounting
Information Management	Econometrics
Auditing	Industrial Psychology
Labour Relations	Marketing
Management Science	Insurance

Top B.Com Colleges in India:

• Christ University
• Hansraj College
• Hindu College
• Lady Shri Ram College for Women
• Loyola College
• MCC
• Narsee Monjee College of Commerce and Economics
• Ramjas College
• SRCC
• St. Joseph's College of Commerce 

What is the fee of B.Com?

The average cost one might incur to complete the B.Com course is INR 10,000 to INR 1,00,00. The course cost might differ as per different universities, and if you pursue an online B.Com programme, one is likely to incur less cost.

Visit Page: What is Aptitude Test? How to take an Online Aptitude Test? - Brainwonders

What is the average salary of a B.Com graduate?

Bachelor of Commerce is available both in regular as well as distance mode and brings plenty of career options to go for in future. The B.Com course is available in various specialisations, and students can earn between INR 4-6 lakh in almost every field. Hence the salary might be inverse if you are going for higher studies like CA, CS, CMA, etc.

B.Com Scope & Career Opportunities

Online B.Com or Bachelor of Commerce programmes provide a firm grasp on concepts such as commerce, finance, accounting, and business.

As a result, there is a wide range of opportunities for students to pursue jobs in industries such as banking, management, marketing, accounting, and others. Students can pursue PG degrees such as MBA and M.Com, or they can look forward to courses such as ICWAI, CA, and CS. 

• Auditors
• Business Consultants
• Certified Public Accountant
• Chief Financial Officer
• Budget Analysts
• Business Operation Manager
• Chartered Management Accountant
• Investment Banker

BCom Job Profiles & Average Salary

B.Com 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

Top Recruiter for B.Com Students

Some might think that getting a job right after B.Com is challenging. But some firms hire freshers who are B.Com graduates for various positions. Here are the major top recruiting companies that hire B.Com graduates:

• HDFC
• KPMG
• Ernst & Young
• Punjab National Bank      
• Bajaj Allianz      
• IndusInd Bank      
• Deloitte
• LIC
• Citibank

B.Com Frequently Asked Questions:

Q1. How to Get a Scholarship for B.Com?

A: Some colleges offer scholarships to students depending on specified requirements. University scholarships that students are likely to get include: 

• Scholarships are based on merit

• Even the scholarships are also based on the income of the family

Scholarships are provided for reserved categories like SC, ST, OBS, etc.

Q2. Does a B.Com require work experience? 

A: Bachelor of Commerce is a course pursued by students who have completed their 12th, and these students can directly take the admission in B.Com course without having any work experience. Students do not have worry about their work experience to take admission in regular/ distance/ online B.Com.

Q3. Is it required to give any entrance exams for B.Com?

A: Students seeking admission to a Bachelor of Commerce (B.Com) course in India are not typically required to take an entrance exam. Most universities and colleges offer admission based solely on merit. However, some institutions do require applicants to pass an entrance test prior to admission. Popular exams used for this purpose include LPU NEST, the Christ University Entrance Test, and the AMU Entrance Exam. These tests ensure that only those who demonstrate academic excellence and aptitude enter BCom programs at some of India's leading colleges and universities.

Q4. What is the difference between Distance and Online B.Com?

A: Distance B.Com is a three-year UG course in commerce explicitly intended for working people. This programme does not need students to attend regular on-campus lectures, and the value of distance B.Com is the same as standard B.Com. However, distant B.Com does not include online tests, whereas online B.Com includes online exams and timely online lectures via a learning management system. 

We hope this blog post provides detailed information about the B.Com course. For the students who are still confused about whether they should opt for B.Com, we recommend you go for Career Counselling. We at Brainwonders provide career counselling for students confused about their careers. Our experienced counsellor provides necessary guidance and assistance for students who are confused about their career and help them decide on a career selection that will lead to a better future.