Bachelor of Commerce [B.Com] Course Details - Admissions, Eligibility, Duration and Course Fees

B.Com Course:

Bachelor of Commerce course, abbreviated as B.Com, is an undergraduate academic degree awarded for a course or program in Commerce. The duration of the B.Com is 3 years in India, divided into 6 distinct semesters. The B.Com courses list includes Marketing, Human Resource, Finance specialization as the subjects of study.

The program is designed and guided by competent accounting professionals to groom the aspirants in order to fill the supply-demand gap in the field of commerce and accounting. The curriculum of the course is designed in a way such that it aims to project students towards entrepreneurship while competing for admissions into Masters’ programs. 

Universities provide campus placements for final year B.Com students. The job opportunities for graduates of B.Com course are immense and the scope of employability is lucrative at the very least. The arenas of employment after B.Com course are Banking, Industrial Houses, Business Consultancies, Public Accounting Firms, and many others.

Colleges like Christ University, Bangalore, Stella Maris College, Chennai, St. Joseph's College of Commerce, Bangalore and various other colleges that offer B.Com degrees are among the top B.Com colleges in India.

What is B.Com Course?

The B.Com course or Bachelor of Commerce course is an undergraduate course in the field of commerce, the duration of which is usually 3 years. In practice, students who pursued commerce as their elective until the 12th standard pursue B.Com stream. However, students from Science and Arts backgrounds can also choose to pursue B.Com as a career prospect.

The B.Com course is designed to strive to incorporate the knowledge of the following in the student:

• Accounting principles
• Export and import laws
• Economic policies
• Other aspects that impact trade and business

Commerce students can opt for CA, CWA, CSS, and other courses after or even during graduation. Colleges in India grant students permission to pursue a B.Com degree and their Chartered Accountancy simultaneously which provides the students with an added advantage during job placements and help them land lucrative salary packages with prestigious companies. The curriculum of the course provides the students with a wide range of managerial skills and competence in a particular area of Commerce.

Why Choose B.Com?

B.Com provides a wide scope of employability and job scope for graduates as a large number of B.Com graduates choose to pursue self-employment or land lucrative salary packages in prestigious companies. The graduates of Bachelor of Commerce enjoy a very high employment rate with exciting salary packages. The necessity of a Manager or a Commerce Specialist to manage the financial aspects of a business makes a graduate of B.Com indispensable. 

All companies registered under the Companies Act, are mandatorily required to get their accounts audited only by practising Chartered Accountants. As a result, Chartered Accountants (CA) are invaluable to an organisation. A qualified Chartered Accountant also enjoys the options of joining the Government Service, Public Sector Undertakings or taking up lucrative assignments in the private sector. The study of Commerce provides a platform for work opportunities in a range of:

• Financial services
• Banking
• Business
• Industry
• Management
• Entrepreneurial ventures
• Law
• Hotel management
• Government services

Top financial institutions recruit B.Com graduates through college placements to fill in their junior-level positions in the company. The key job profiles after B.Com course are Budget Analysts, Entrepreneurship/Own Business, Financial Analyst, Investment Analysts etc.

B.Com Entrance Exams:

A large number of national-level entrance exams are conducted by institutes and colleges as well as by the government to gauge the merit of the aspirants for the purpose of granting admission to the students:

1. Company Secretary Exam: ICSI Company Secretary Entrance Exam [CS-ICSI]
2. Chartered Accountant: ICAI Chartered Accountant Exam [CA-ICAI]
   
3. Institute of Cost Accountant of India [ICMAI Cost Accountant]
   
4. Delhi University Department of Commerce Entrance Exams
   
5. Patna Women's College B.Com Entrance Exam [PUCET]
   
6. Guru Gobind Singh Indraprastha University Common Entrance Test [IPUCET]
   
7. Lovely Professional Univesity National Eligibility and Scholarship Test [LPUNEST]

B.Com Course Preparation Tips:

B.Com Subjects:

The following subjects are pursued in the B.Com curriculum in most colleges throughout the nation. While there may be minor variations in the list of subjects pursued from college to college, the crux of the curriculum is maintained throughout the nation.

• Auditing
  
• Accounting
  
• Actuarial Science
  
• Business System Analysis
  
• Business Economics
• Banking
  
• Communication
  
• Computers & Management Information Systems
  
• Decision Analysis
  
• Economics
  
• Econometrics
  
• Electronic Commerce
  
• Entrepreneurship
  
• Finance & Financial Markets
  
• Government
  
• HR
  
• Industrial Psychology
  
• Information Management
  
• Insurance
  
• Labor Relations
  
• Law
  
• Logistics Management
• Management
  
• Management Science
  
• Marketing
  
• Mathematics
  
• Operations Management
  
• Organizational Studies
  
• Politics & Public Policy
  
• Supply chain Management
  
• Risk Management/ Financial Risk
  
• Strategic Management
  
• Statistics
  
• Taxation
  
• Transport Economics

B.Com Course Fees:

The average course fees for an aspirant of B.Com ranges from INR 50000 to INR 70000 per annum. This amount varies depending on the prestige, infrastructure and placements of the college in which the aspirant wishes to gain admission as well as the factor of management and government quotas.

B.Com Course Syllabus:

The syllabus pursued in the curriculum for B.Com course is tabulated below. While some colleges follow curricula with minor deviations, the majority of the syllabus structure remains the same for most colleges across India.

B.Com Course Eligibility:

Students who have pursued Commerce/ Science with Maths in 10+2 are eligible to apply for B.Com course. However. the candidate must fulfil the minimum required percentage of 50%. This varies from college to college.

Top Colleges for Bachelor of Commerce [B.Com]:

Source: The Hindu Businessline (2015-2016)

Top 5 Colleges Zone Wise for Bachelor of Commerce [B.Com]:

Source: Outlook (2015)

Top B.Com Colleges in India

Eligibility Criteria for Bachelor of Commerce [B.Com]:

• Students who have studied Commerce / Science / Arts in 10+2 are given preference over others with English and Math as Core Subjects.

• Have to fulfill the minimum percentage of 50% which is decided by the college.

Admission Procedure for Bachelor of Commerce [B.Com]:

• Generally, the admissions are merit-based.

• But some universities have their own entrance exam for admissions

• Candidates seeking admission to the B.com program are required to fill out admission applications of the colleges they desire.

• The application forms are then processed by various college and a merit list is released.

• Once a candidate clears the first round of selection then they will be required to attend an interview process.

• Subsequent merit lists might be released by colleges, depending on the number of seats they have.

• Admission to the B.com program is guaranteed after the payment of admission fee by candidates.

• Aspirants are supposed to submit originals of required documents at this stage.

• B.Com duration is for 3 years minimum in most colleges across India.