The ultimate guide to graduating in commerce (B.COM)

15 April,2023  |  By Brainwonders

What is the complete form of B.Com?

The three-year undergraduate study known as B.Com, or a bachelor of commerce, is available to students who have passed their 12th grade. B.com is divided into six semesters and the students thoroughly understand business and have in-depth knowledge of accounting and finance. The chance to learn about management, taxation, finance, statistics, and other facets of this subject of study will also be available to students. Regular, distance learning, and online forms are all offered for the course. The UGC standards state that traditional, online, and distance learning degrees are all equally acceptable.

According to the reports by AISHE, B.Com is the third most sought after course in India after class 12th. General B.Com gives an overview of all the subjects. However, integrated courses or courses with specialisations are designed in such a way that they deliver knowledge about a particular field.

After having a B.Com degree, students can find various job opportunities in finance, accounting, taxation, banking, insurance, etc. They can also go into teaching, journalism, advertising, etc.

B.Com Overview

Here is a quick overview of the course Bachelor of Commerce: 

Full-Form	Bachelor Of Commerce
Degree Level	Undergraduate
Duration	3 Years
Fee Structure	INR 10,000-INR 50,0000
Eligibility Criteria	10+2 from a recognised board
Mode Of Learning	Online, Regular, and Distance
Admission Procedure	Merit-based
Starting Salary	INR 3-6LPA
Top Recruiters	HDFC, Deloitte, KPMG, EY, Punjab National Bank, etc.

Why B.Com?

• Students can find various job opportunities in banking and accounting fields after graduating from B.com.
• Mutual funds, Fintech Market, etc., are going to provide various job opportunities in financial fields which is the best opportunity for B.Com candidates.

B.Com Entrance Exams and Syllabus:

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	December 01, 2022 - May 21, 2023	January 04, 2023 – May 31, 2023
SUAT	To be announced	To be announced

Syllabus:

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

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 Instutions 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

 

The Different B.Com Programs in India:

Three different types of distance B.Com programmes are available to students, and the academic cost varies depending on the programme type.

B.Com Online	Merit-Based Admission	Average Fees: INR 20k
B.Com Distance Education	Merit and Entrance-Based Admission	Average Fees: INR 47k
B.Com Abroad	Entrance-Based Admission	Average Fees: 12 lakh

 

Students are advised to pick a programme that fits their needs and schedule. For instance, if you plan to work while earning your degree, a B.Com. An online or distance programme is a good option because it doesn't require you to attend on-campus classes; a regular B.Com. The programme is best for students who can commit to three years of study.

Must Read: Top Career Opportunities After class 12th Commerce.

B.Com Distance Learning:

Degree	Bachelor Course
Duration	3 to 6 Years
Eligibility	50% in 10+2 board exams
Average Fees	INR 15k to INR 20k
Average Salary	INR 25k to INR 45k
Job Prospects	Operations Manager, Accountant, Account Executive, Finance Manager, etc.

 

Admission Process for Distance Learning:

• Class 12th Marksheet
• Passing certificate of Class 12th
• Certificate from employer for availing relaxation in minimum marks.
• Community, Navity, and Income certificates (Original).
• Self-addressed stamped 3 envelopes.

Top Colleges for Distance B.Com with fee structure:

• IGNOU - INR 8.1k
• Sikkim Manipal University - INR 57k
• Madhya Pradesh Bhoj Open University - INR 2.8k
• Dr BR Ambedkar Open University - INR 2k
• Netaji Subhas Open University - INR 6.3k
• Maharshi Dayanand University - INR 8.1k
• Karnataka State Open University - INR 4.7k
• Acharya Nagarjuna University - INR 4.3k

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 

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

Why Should I Study Business?

The motivation for pursuing a B.Com relies on the kind of future career you want. B.Com is a bachelor's degree programme in the field of commerce, and students who enrol in it will benefit from the following:

• B.Com is an attractive choice for students who want to learn more in-depth about accounting, finance, and other business-related topics.
• Students have the option of studying B.Com online or in person.
• The B.Com degree will open up many employment options in management and commerce.

Must Read: Banking Courses After 12th Commerce: Courses, Scope, Career Opportunities & Top Recruiters

B.Com. eligibility requirements:

Most colleges offer the Bachelor of Commerce in traditional and distance learning formats. Even if the requirements for regular and distance B.Com are nearly identical, distance B.Com admission is still more straightforward. The following conditions apply to length B.Com applicants:

• Candidates must have completed all 10+2 exams from an accredited board.
• The applicants must have earned a 10 + 2 diploma in the commerce major with courses in economics, business, math, and English as an elective.
• Most colleges don't have an age restriction for their online B.Com. Programmes.

Do I need work experience to get a B.Com?

Those who have passed all their 10+2 examinations and want to pursue a career in business can enrol in the B.Com programme without any prior work experience. Students can enrol in either the traditional or online B.Com programme regardless of their previous work experience.

What distinguishes a distance education from an online B.Com?

A 3-year UG study in the commerce stream called the distance B.Com is explicitly tailored for working professionals. For this course, students do not need to attend regularly scheduled lectures on campus and the distance B.Com. It is worth precisely the same as a regular B.Com. However, online tests are not available for distance B.Com students, but with the aid of a learning management system, online B.Com students can take advantage of online exams and timely online lectures.

Course Specialisations in B.Com:

B.Com degrees can be obtained in various specialities, allowing students to become authorities in multiple topics. Universities offer B.Com degrees with a variety of specialisations to help students gain a thorough understanding of their chosen fields. 

The following are the main B.Com specialisations:

• B.Com. in Advertising and Sales Management,
• B.Com Computer Application
• B.Com Foreign Trade
• B.Com E-Commerce
• B.Com Honours
• B.Com Office Management
• B.Com Tax Procedure
• B.Com Accounting and Finance
• B.Com Corporate Secretaryship
• B.Com Banking Management
• B.Com Marketing
• B.Com E-commerce
• B.Com Tax Procedure and Practices
• B.Com Accountancy
• B.Com Applied Economics
• B.Com Banking and Finance
• B.Com Financial Accounting
• B.Com Financial Markets

Short-Term Courses After B.Com:

Those who are not willing to pursue a master's degree right after their B.Com can also go for short-term online courses along with their jobs:

• PG Diploma in Banking
• Diploma in Financial Management
• Diploma in HR Management
• Diploma in Business Management
• Certificate program in Digital Marketing

Recommended Read:Short term courses after class 10th.

What is the fee of B.Com?

The average cost to complete the B.Com course is INR 10,000 – INR 1,00,000. The system's price may vary as per the university, and if you pursue online B.Com, you are likely to incur less cost.

B.Com Integrated Programs:

• B.Com LLB Course:

Course	Bachelors of Commerce and Bachelor of Legislative Law
Course Level	Undergraduate
Course Type	Integrated Degree Course
Degree	B Com + LLB
Course Duration	5 Years
Internship	Mandatory
Internship	15-20 Weeks
Course Mode	Full-Time
Qualification	10+2
Selection Process	Entrance Exam Based
Course Fee	INR 30,000 - INR 13.20 Lakhs
Field	Law and Commerce
Job Types	Public Prosecutor, Law Reporter, Advocate/Lawyer, Human Resource Manager, Assistant Advisor, Deputy Legal Advisor, Business Consultant, Attorney General, Law Officer, Management Accountant, etc.
Average Salary	INR 2.5 LPA - INR 50 LPA or Over

 

• B.Com with CA:

Recommended Read: What to do after B.Com? #Top 10 Career Options after B.Com

Course	Bachelors of Commerce and Chartered Accountancy
Course Level	Postgraduate
Course Type	Integrated Degree
Course Degree	B Com + CA
Course Duration	2+3 Years
Internship	Mandatory 2.5 years
Course Mode	Full Time
Qualification	10+2 and for CPT for CA
Selection Process	Entrance Exam Based
Course Fee	INR 30,000 - INR 13.20 Lakhs
Field	Accounts ,Law and Taxation
Job Types	Internal Auditing, Tax Auditing, Forensic Auditing, Career in Accounting and Finance, Taxation Advisory (Both Direct and Indirect), Statutory Audit under applicable statutes, Managing Treasury function
Average Salary	INR 8 LPA - INR 22 LPA or Over

 

• B.Com + M.Com:

Course	Bachelors of Commerce and Master of Commerce
Course Level	Postgraduate
Course Type	Integrated Degree
Course Degree	B Com + M.Com
Course Duration	3+2 Years
Internship	Mandatory
Course Mode	Full Time
Qualification	Bachelor’s degree
Selection Process	Merit and University level Entrance exam
Course Fee	INR 30,000 - INR 2 Lakhs
Field	Accounts ,Law and Taxation
Job Types	Government and Private Sectors, National Banks, Railways, Income Tax, Private Banks.
Average Salary	INR 3 LPA - INR 5 LPA or Over

 

Can  I receive financial aid to attend a B.Com? 

Universities will award scholarships to applicants who meet specific requirements. University scholarships that students are most likely to receive include:

• grants awarded based on merit
• Scholarships for members of the OBC, SC, and other protected classes.
• The family's income determines scholarships.

Which universities provide the best B.Com programmes?

Different universities and organisations provide the B.Com programme, which is legitimate, in both standard and online formats. Here is a list of the best places for you to study B.Com:

• Chandigarh College
• Jaipur National University NMIMS
• Amity College
• State Open University of Karnataka
• College of Mumbai
• Open University of Tamil Nadu
• University of Punjab
• University of Dr B.R. Ambedkar

What do B.Com Graduates make?  

The Bachelor of Commerce, or B.Com, is offered in traditional and distance learning formats and provides a wide range of future employment choices. There are numerous specialisations for the B.Com programme, and graduates may expect to make between INR 4- and INR 6 lakh in practically every industry. By combining B.Com. With courses like CA and CS, you can raise your income.

Online Career Opportunities For B.Com You can gain a firm understanding of business, finance, accounting, and commerce principles by earning a B.Com.

Recommended Read: TOP 12 CAREER OPTIONS AFTER B.COM - What To Do After B Com?

As a result, there is a lot of room for students to pursue jobs in finance, management, marketing, accounting, etc. Students may enrol in graduate programmes like MBA, M.Com., or

As a result, there is a lot of room for students to pursue jobs in finance, management, marketing, accounting, etc. Students can enrol in graduate programmes like MBA and M.Com or look forward to taking ICWAI, CA, and CS courses.

You are qualified to apply for profiles like these if you want to use them for a job immediately following your online B.Com programme:

• Business Consultants
• Auditors
• Chief Financial Officer and Certified Public Accountant
• Financial Analysts
• Business Operations Manager 
• Investment Banker 
• Chartered Accountant

Leading Employers for B.Com Students:

Some people might think it's challenging to find work straight after graduating with a B.Com. However, several companies hire recent B.Com grads for prestigious professional opportunities. The following are the top employers for B.Com graduates:

• HDFC 
• KPMG
• Bank of Punjab, 
• Ernst & Young  
• Bajaj Allianz 
• IndusInd Bank 
• Deloitte 
• LIC 
• Citibank
• SBI
• ICICI Bank
• Indusind Bank
• Bajaj Allianz
• Punjab National Bank
• Pricewater Cooper
• Deloitte
• TFC
• New India Assurance
• ICICI Prudential
• Max Bupa

B.Com Job Profiles and Average Salaries:

Junior Accountant	INR 1.75 LPA
Accountant	INR 2 LPA
Account executive	INR 2.5 LPA
Business executive	INR 3 LPA
Financial analyst	INR 3.7 LPA
Tax consultant	INR 4.5 LPA
Financial consultant	INR 5 LPA
Accounts manager	INR 5.8 LPA
Business consultant	INR 9 LPA

 

I'm 30; may I continue with B.Com?

A popular course with both online and traditional delivery options is B.Com. There are no obstacles as a result. Don't worry if you are over 30; you can still pursue a B.Com. Online.

However, some universities do not have an age restriction, even for regular B.Com. You need to justify your study break.

Conclusion:

Bachelor of Commerce, or B.Com, is the full name of this undergraduate programme, which one can pursue on-campus or virtually. Since many companies are looking to hire recent B.Com graduates to fill open positions, distant B.Com graduates have good chances.

Distance B. Com graduates are eligible for several occupations, including auditor, budget analyst, financial executive, and others. The benefits of distance learning for B.Com students are numerous.Pursuing higher education in the relevant discipline is the initial step toward a career. You can get the training you need to do what you want to do at some of the best educational institutions in the world. 

FAQs Related to B.Com Course:

1. What are the entrance exams for B.Com in India?

Ans: LPU NEST, IPU CET, Christ University Entrance Test, etc., are some of the entrance exams for admission into B.Com in India.

2. Is a B.Com Degree necessary to become a CA?

Ans:  No, having a B.com degree is not compulsory to become a CA.

3. What is the fee for a B.Com course in a government college?

Ans: The typical fee of a B.Com course in government college lies under INR 30k.

4. What is the eligibility criteria for BCom admission in India?

Ans: Candidates who have studied Commerce in Class 11 and Class 12 are eligible for BCom admission in India. Some universities also accept students from other streams for BCom admission.