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B.Com Course: Full Form, Eligibility Criteria, Fee, Admission 2023 & Scope

08 February,2023  |  By Brainwonders

B.Com Course

B.Com Course

The full form of B.Com is Bachelor of Commerce. This program is open to students who have completed their 12th class with a commerce stream. This course lasts for 3 years, and it is an undergraduate Programme and can be pursued by students who have completed their 10+2 from the commerce stream.

Admission to the course is based on merit or entrance exam scores. Some colleges require you to take entrance exam tests such as IPU, CET, NPAT, SUAT, etc. the general fees for a B.com course are usually around Rs 7k to 28k.

This degree provides students with managerial skills such as business management, accounting, finance, actual studies, and economics as part of the Bachelor of Commerce degree program. This course is available in 3 different modes, which are 

  1. Full Time
  2. Part-Time
  3. Online
  4. Distance & Regular

Top colleges such as St. Stephen, Shri Ram, and Ramdas accept students based on their academic performance and entrance exam scores. 

B.Com Course Highlights

B.Com Full form Bachelor of Commerce
Course Level Bachelor course
Duration 3 years
Eligibility 35% marks in class 12 or equivalent examination
Average Fees INR 7000 – 28,000
BCom Admission Merit or Entrance Exam
Core Subjects
  • Accountancy
  • Financial Systems
  • Taxation
  • Business Management, 
  • Financial Accounting, 
  • Business Economics 
  • Company Law.
Entrance Exams
  • Common Proficiency Test
  • Company Secretary
  • CUET
  • IPU CET

 

Why Study B.Com?

  1. B.Com programs offer the financial and commercial skills required to succeed in today's workplace.
  2. With a B.Com degree, graduates can find employment in an array of industries, such as banking, budget planning, accounting firms, capital management, and investment banking.
  3. Generally, B.Com graduates earn between INR 2.5-4 LPA annually, with an initial salary of INR 2-3 LPA. Moreover, having a B.Com degree also provides the opportunity to pursue higher-level studies like MBA, CA, CMA, CS, among others; thus enhancing one's skillset and enabling them to improve their job prospects. These advanced qualifications may also lead to increased remuneration and promotions within the organization.

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What is a B.Com Course?

B.Com full form is Bachelor of Commerce in Business. This program provides students with necessary skills such as management in finance, accounting, administration, and taxation.

Employers hire many individuals from such courses to keep track of their funds and expenditure.B.Com graduates also get hired by Banking institutions and other institutions.

B.Com Course Details

1. Students can complete this course via various modes, such as distance and online, allowing them to complete their education without leaving the comfort of their homes.

2. To get admission into this course, a student must complete their 10+2 with a minimum of 35% aggregate marks.

3. Admission to B.Com Colleges is based on the merit score.

4. Some of the top colleges in Commerce are as follows. 

  • Hansraj Colleges
  • Loyola College
  • Hindu Colleges
  • Shri Ram College Commerce

5. CUET, NPAT, IPU CET, and BHU UET are some most common entrance exams in India.

6. Students can get into job roles such as insurance consultants, auditors, tax consultants, lecturers, and stockbrokers after completing their B.Com.

7. Upon graduating from a university, many students can pursue employment with salaries ranging between INR 2,50,000 to 4,00,000 per year. 

8. Alternatively, graduates can continue their education by enrolling in postgraduate courses such as MBA, CA, and M.Com. 

9. B.Com integrated courses are also offered at some institutes, offering both the B.Com degree and the M.Com degree. The tuition cost of these courses typically ranges from INR 7k to INR 30k.

Who Should Pursue B.Com Course?

  1. It is essential for students to make the right decision regarding a Bachelor's degree program. For those considering the B.Com degree, it is recommended that this course of study be pursued upon completion of 12th grade. 
  2. For those seeking a successful career in commerce, enrolling in the B.Com program after completing their higher school education is strongly suggested. Those who start working immediately following 10+2 can also pursue the degree part-time at this optimal juncture.

Some of the job options that B.Com students can into

  1. Getting a Bachelor’s in Commerce (BCom Hons) will help you in developing the skills you need to work in any area of commerce and accounting. 
  2. You will develop a comprehensive understanding of customer service roles, operations management, audit, taxation, and more. 
  3. Graduates of this program open up numerous career opportunities in banks, trading firms, and other financial institutions. 
  4. With continued education, BCom graduates may even pursue master level qualifications in business administration or related fields. Take control of your future and become a part of the finance industry today.

Jobs After B.Com Course

Insurance Agent Agents are professional intermediaries between insurance providers and their clients. They provide independent brokerage services, offering a variety of life insurance products such as health insurance, accidental coverage, retirement benefits plans, and more. 3.0 LPA
Bank Manager Banking managers are responsible for all operations, administration, marketing, training, and security of their branch offices. They monitor and oversee the safety of customers and staff, as well as ensure that financial protocols are adhered to and met.  7.50 LPA
Auditor It is the role of the auditor to ensure that the accuracy of financial transactions in the company is verified as well as to make sure all tax laws are followed by the company. 5.0 LPA
Accounts officer An account officer is a person in charge of maintaining the financial records and taking care of bookkeeping. They are responsible for looking into the accounts payable and receivable and the financial controls of the organisation. 3.70 LPA
Cost Accountant As a cost accountant, you are responsible for ensuring that the organisation’s financial system is running smoothly. It is their responsibility to prepare a budget and maintain the company’s budget. 5.25 LPA
Banker It is the job of a banker to consult with private and commercial clients, in order to set up accounts, plan budgets, and advise clients regarding investments. Bankers work in financial institutions, including banks, in order to assist private and commercial clients. 4.9 LPA
Chartered Accountant A chartered accountant is a professional who advises on tax liability and files income tax returns. In addition to financial reporting, taxation, auditing, corporate finance, and insolvency, their role may also include financial reporting, taxation, auditing, and corporate finance. 7.00 LPA
Accounts manager In most companies, an accounts manager is the person who handles all the financial transactions of the company on a daily basis while at the same time maintaining the relationship between the company and its clients. 6.0 LPA
Marketing Manager Candidates with excellent marketing skills and good communication skills are eligible to pursue this career as marketing managers are expert professionals who organise and manage marketing campaigns in order to create demand for a product or service. 6.80 LPA
 

Types Of B.Com Course

B.Com programs are divided into several distinct categories, with 38 specialisation courses available across India. Students who have completed the 12th grade are eligible to enrol in a B.Com program at any of the associated campuses throughout India. The variety of courses offers learners the opportunity to choose a program tailored to their interests and professional goals. Furthermore, with numerous locations spread across India, students can select from a range of programs to pursue their studies closer to home.

Full time B.Com Course

The Bachelor of Commerce (B.Com) Full-Time is a three-year academic program that provides foundational education on matters related to commerce, such as financial management, economics, taxation, and accounting. Individuals aspiring to attain greater qualifications in the field of accounting, among other disciplines, can pursue a B.Com Honors degree as part of this program. 

The B.Com Honors degree differs from the general degree in terms of the course content and its nomenclature. The program allows individuals to simultaneously qualify for professional certifications such as Chartered Accountancy (CA), or to pursue them at a later stage.

Part Time B.Com Course

India has a significant selection of educational institutions which provide education in part-time mode for a B.Com degree. This is driven by the fact that many students are unable to pursue regular courses due to financial or other constraints. 

Part-time courses make it easier for students to manage their studies and working hours since they only require a lesser amount of time than regular programmes. Furthermore, the cost of these courses makes them more accessible to students who are undergoing financial difficulties. Earning a degree through part-time mode provides students with an equal chance of job prospects.

Online B.Com Course

Enrolling in an online Bachelor of Commerce (B.Com) program is a popular choice for students in India who are looking to gain professional-level knowledge of accounting, business law, corporate and financial accounting, and business communication without committing to the time and cost of a full-time degree. 

These three-year programs offer an efficient and cost-effective way to obtain a B.Com degree, as tuition fees are typically much lower compared to those of regular B.Com courses. On average, students can expect to pay between INR 11000 - INR 20000 for an online B.Com program. 

By taking advantage of this cutting-edge educational opportunity, students can gain the skills necessary to build a successful career in the fields of accounting, finance, business management, or any other related areas.

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B.Com Course Admission Process 2023

Applications for the B.Com Admission 2023 are now open and will be accepted until March of 2023. Students have the option to submit applications online or via post, sending their duly filled forms along with necessary supporting documents to the registrar’s office. 

To be considered for admission, applicants must pass an entrance examination and qualify counselling and group discussion rounds. The final merit list is based on their scores in the 12th standard exams.

B.Com Course Admission Process 2023

  • The admission process for B.Com courses varies across institutions. 
  • Some universities accept scores from national-level exams, while others require students to take state-level or university-level entrance tests. 
  • Direct admissions based on 12th-grade grades are offered at some universities as well, where selected students are listed upon the receipt of applications. 
  • The minimum percentage to qualify for admission is 45% in 10+2 level examinations. Institutions like Delhi University accept scores from entrance exams such as BHU UET, CUET, IPU CET, and DUET.

B.Com Course Entrance Exam 2023

  1. IPU CET: The IPU Common Entrance Test (CET) is a college-level exam that enables students to gain admission into various undergraduate and postgraduate courses in the fields of Commerce and other sectors. The examination pattern involves questions on topics such as Language Comprehension, DI, GA, and Logical Reasoning, with 150 Multiple Choice Questions (MCQs) in total. Those desiring to apply for such courses must complete the IPU CET to be eligible for admission.
  2. CUET: The Common Universities Entrance Test is a standardised assessment that is conducted at a national level to gain admittance into Bachelor of Commerce programs. This exam is accepted by numerous prestigious institutions across India, allowing individuals to become eligible for the sought-after BCom degree.
  3. NPAT: Narsee Monjee Institute of Management Studies is now accepting applications for the NMIMS Programs After Twelfth (NPAT) entrance exam. The NPAT will provide admission to students seeking admission to the university in the upcoming academic year, beginning in February 2023. 
  4. AIMA UGAT: The All India Management Association (AIMA) will be administering the Undergraduate Aptitude Test (UGAT) in January 2023. This exam is an entry requirement for those seeking to pursue a Bachelor of Commerce degree. Applications for the AIMA UGAT will open at the start of January, giving students ample time to prepare for the examination.
  5. BHU UET: Prospective students interested in taking admission to the B.Com program at Banaras Hindu University must take a required entrance examination. This examination consists of 150 questions to be completed within 120 minutes. Those who successfully complete the exam may then proceed with the next steps of the application process.
  6. SUAT: Sharda University will open applications for their annual SUAT exam in February 2023. The SUAT exam provides an excellent opportunity for students to demonstrate their aptitude and academic knowledge, and the university encourages all eligible candidates to apply. 

B.Com Entrance Exam Syllabus

The syllabus for the B.Com course entrance exam is relatively consistent across all national, state, and institute-level examinations. Typically, the examination consists of questions pertaining to Accountancy, Verbal Reasoning, Mathematics, Current Affairs, Basic Computer Knowledge, and Business Studies. The paper presents its questions in the form of multiple choice questions (MCQs). It is important for candidates to familiarise themselves with the syllabus in order to prepare effectively for the entrance exam.

B.Com Distance Education

Distance BCom is a great option for professionals looking to further their education without putting their careers on hold. The 3-year program is self-paced and doesn’t require any entrance exams, making it an attractive choice for busy individuals. With Distance BCom, students can fit their studies into their existing schedules while still continuing to make money. Additionally, there are multiple institutes across India offering this course, so students have plenty of options to choose from. Whether it’s expanding their knowledge or advancing their career, Distance BCom is an ideal solution for working professionals.

  • Distance B.Com Admission Process: The admission process for distance B.Com courses may vary depending on the institute but is generally very similar across the board. The following eligibility criteria are typically required to enroll in such a program: completion of 12th-level education from an accredited educational institution, with supporting documents such as a 12th mark sheet, pass certificate, age relaxation certificates (where applicable), passport-sized photographs and any other relevant documents that may be necessary. There is no age limit associated with enrolling in a distance learning program.

Scope of B.Com Course

The Bachelor of Commerce (BCom) degree offers a wide range of opportunities to its graduates. This qualification can open doors to a variety of career paths in fields such as Finance, Management, Marketing and Accounting. Graduates are highly sought-after for their analytical and problem-solving capabilities, communication skills and relevant experience.

On completion of the BCom program, students can opt for Government jobs or transition into the professional world with an average starting salary of INR 3.5 Lakhs to 9.0 Lakhs per annum. With the right qualifications and commitment, there is potential to progress quickly and take on more senior roles with higher salaries.

B.Com Course Syllabus

The Bachelor of Commerce (B.Com) curriculum is a six-semester program that allows students to specialise in their chosen fields. Each semester is six months long and offers both basic and optional courses. On application, students can pick from a selection of 5-7 subjects to focus on. 

The B.Com online course offers the same content as the traditional course, but with more emphasis on the subject of one's choice. The B.Com Honors program gives students an opportunity to develop advanced skills for a specific field and gain enhanced knowledge about that subject.

B.Com Colleges in Delhi

Delhi is home to a wide range of top-tier B.Com colleges, with both private and public institutions offering world-class education to aspiring students. Some of the most renowned institutes include Shri Ram College of Commerce, Lady Shri Ram College for Women, and Hindu College. 

Fees for these colleges vary depending on the institution, with the lowest being INR 12000 and the highest being INR 210000. With such varied costs, there are B.Com colleges available to suit all budgets in Delhi. 

B.Com Colleges in Mumbai

Mumbai is home to some of the top-ranked B.Com degree colleges in India, offering education to thousands of students. With a total of 101 institutions, the city boasts an impressive list of leading educational centres, including ST. Xavier's College, Narsee Monjee College of C&E, HR College of Commerce and KJ Somaiya College of Arts and Commerce. Each of these colleges are renowned for their high academic standards, outstanding facilities and experienced faculty, ensuring that all students receive the best possible education.

B.Com Colleges in Bangalore

Bangalore is home to almost 200 B.Com colleges, comprising 177 private and 22 public institutions. UGC approval ensures that all these schools meet the necessary educational standards. The fee range for these colleges varies from INR 70000 to INR 245000 annually. Christ University, Jain University, Mount Carmel College, and more are some of the renowned B. Com Colleges in Bangalore.

B.Com Colleges in Hyderabad

B.Com colleges in Hyderabad are numerous, with 59 private and 9 public offerings. Notable institutions include Indian Institute of Management and Commerce, Osmania University College for Women, and ST. Joseph Degree and PG College. Costs of courses vary across providers, ranging from INR 11000 to INR 150000 per annum. Prospective students are encouraged to review their options carefully to find the most suitable education provider.

B.Com Salary

Graduates of a Bachelor of Commerce usually receive an annual salary that ranges from Rs. 2 lakhs to Rs. 8 lakhs. The salary for a B.Com degree holder is contingent on their sector of employment and the role they occupy in the company. These earnings are able to be augmented with further study or specialized expertise in accounting, analysis, or consulting.

Job Profile Average Salary per month
Accountant Rs. 33,000 
Chartered Accountant Rs. 58,000 
Financial Manager Rs. 75,000
Business Manager Rs. 66,666 
Marketing Manager Rs. 75,000 

If you are uncertain whether a Bachelor of Commerce is the right field for you, then our Brainwonders counselling team can provide guidance to help you make an informed decision. With our expertise and years of experience, we will work with you to explore your interests and goals in order to determine the best direction for you. We understand the importance of this decision and are committed to providing clear and effective advice so that you can confidently shape your future.

Frequently asked questions about B.Com

Q1. What is Bachelor of Commerce (B.Com) in India?

Answer: Bachelor of Commerce (B.Com) is an undergraduate degree program offered in India that aims to impart holistic knowledge of the business world to students. It equips them with skills in accounting, finance, economics and other related areas.

Q2. What are the eligibility criteria for B. Com?

Answer: To be eligible for B. Com admission in India, applicants must have completed 10+2 or equivalent from a recognized board with commerce/accounting or mathematics as the main subject.

Q3. What career options do I have after completing B. Com?

Answer: After obtaining a Bachelor of Commerce degree in India, you can pursue a wide range of career options such as Chartered Accountant, Financial Analyst, Investment Banker, Company Secretary, Tax Consultant, Business Analyst, etc.

Q4. What are the job prospects for B. Com holders?

Answer: The job opportunities available to B. Com graduates in India are abundant and varied. With the right set of skills and a good educational background, it is possible to find employment in top companies and industries across the country.

Are you aware which subjects and courses will bring you closer to your dream career?

Worry not, because the Brainwonders test and guidance will not only help you know it, but also follow it!


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