Bachelor of Commerce Overview
Bachelor of Commerce is an Undergraduate Academic Degree awarded for a course or program in Commerce. It is popularly known as B.Com. which is an abbreviated form of the Commerce Degree. Bachelor of Commerce degree programs generally lasts 3 to 4 years depending on the country.
In India, the duration of Bachelor of Commerce Degree spans over a period of 3 years. A person seeking the Science Degree needs to study 5 subjects. There are a limited number of combinations of subjects as compared to Arts stream. One can opt for various combinations depending upon the availability of choices in various Institutes. Bachelor of Commerce is considered the second option for those who are not that good in Science and those who think that Arts Degree is of less importance as compared to Commerce. So the students who are not able to make it in science stream generally opt for Commerce as per the Indian Trend. Bachelor of Commerce course is offered in many different disciplines to train candidates in a particular field. The degree provides the students with a wide range of managerial skills and competence in a particular area of Commerce. It equips students with the knowledge of accounting principles, export and import laws, economic policies and other aspects that impact trade and business. Commerce students can take up CA, CWA, CSS and other courses easily. Students in India pursue BCom alongside a CA or CS program. Colleges grant students permission to manage a Bcom degree and their Chartered Accountancy at the same time which will give the students an added advantage during job placements and also gives them a bigger salary package. Universities provide placements for final year BCom students.
Advantages or Benefits of Bachelor of Commerce Degree
- Many subjects up during B. Com courses provide employment or self-employment opportunities with graduation itself.
- Bachelor of Commerce Degree holders has a High Employment Rate as there is no business which does not require a Manager or a Commerce Specialist to manage the financial aspects of their respective businesses. All the companies registered under the Companies Act, are required to get their accounts audited only by practicing Chartered Accountants because of which accountants never run out of the job.
- A qualified Chartered Accountant also has the option of joining the Government Service, Public Sector undertakings or taking up a lucrative assignment 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 and government services.
- Top financial institutions recruit BCom graduates through college placements to fill in their junior level positions in the company.
Eligibility for B.Com
- Students who have studied Commerce in 10+2 are given preference over others.
- Have to fulfill the minimum percentage decided by the college