Venkateshwara Group of Institution BEST College in Meerut , Uttar Pradesh
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Students desirous of doing B.com should be familiar with B.Com 1st year subjects so that they get abreast with them.
The Bachelor of Commerce (B.Com) is a three-year, six-semester course designed to prepare students for roles in accounting, finance, banking, insurance, and related fields.
With India striving to become a 5 trillion $ economy, the demand for skilled accountants will always be there. Every business needs accountants to keep a check on their P/L statements and control their expenses.
In fact, having a qualified accountant is vital because they ensure company’s funds are used in the best possible manner.
Every organization strives to reduce cost because market volatility can affect their profit margins. Hence, the services of an accountant are indispensable for managing the finances of the company.
B.Com graduates with expertise in GST, Tally, and other accounting software have an array of career opportunities available to them. The B.Com 1st year subjects are:
| Environmental Studies | Business Law |
| Financial Accounting | English/Hindi/Modern Indian Language |
| Business Organisation & Management | Business Mathematics & Statistics |
| English Language | Hindi/ Modern Indian Language |
B.Com 1st year subjects in 1st Semester
Environmental Studies: Environmental Studies integrate physics, commerce, economics, and humanities to address fundamental environmental challenges.
Financial Accounting: Financial Accounting centers on the theoretical framework of accounting and the creation of financial statements.
This field delves into topics such as depreciation, inventory value, as well as the accounting aspects of hire purchase and lease transactions.
Business Organization & Management is a study that examines how businesses operate and how people manage them. It looks at how businesses interact with stakeholders, the business environment, and entrepreneurship.
It also involves analyzing the interrelationship among management functions, such as planning, organizing, directing, and controlling.
B.Com 1st year subjects in 2nd Semester
Business Law: Business law concentrates on fundamental elements of contracts for forming agreements and business proposals.
It manages the implementation of specialized contracts used in various business settings and essentials of online activities under the IT Act.
Business Mathematics & Statistics: Business Mathematics & Statistics explores the application of diverse mathematical tools (matrices, calculus, and mathematics of finance) to solve practical business and economic challenges.
It helps to comprehend the correlation and regression between variables, and apply index numbers to real-world scenario.
Why B.com is in high demand
Every business strives to control cost by keeping a check on its expenses. The commerce graduate is ideal for the accountant’s role because they are experts in accounting & book keeping.
Every business operates in a volatile environment where market fluctuations can affect their profit margins. Hence, cutting cost by controlling expenses & optimal utilization of capital is vital for all businesses.
The accounts professional ensures they use the firm’s capital in the most optimum manner to wave off unpredictable market scenarios like the Corona induced lockdown.
Whether it’s a doctor’s clinic or a firm with over 50 employees, a skilled accountant ensures the accounts are clean and reflect the true state of the company’s business.
Why companies hire accountants?
Hiring an accountant is an investment that offers various benefits. Accountants ensure financial organization, accuracy, and compliance, while also assisting with tax optimization.
Their valuable insights into financial matters contribute to informed decision-making and support business expansion.
Though it’s not compulsory to hire an accountant but entrusting a person for accounts ensures businesses can focus on their work without worrying about expenses.
What is the B.Com Syllabus
The B.com syllabus, as stipulated by UGC, is:
https://www.ugc.gov.in/pdfnews/1805048_Final-B.-Com.pdf
Earning potential & Career Prospects
A B.Com fresher earns somewhere between INR 5–8 lakhs & after a few years of experience, their salary increases. Further, they can augment their qualification by pursuing M.Com, CA, CFA, CS or MBA as per their interest.
Skilled B.Com graduates have increased employment opportunities in India because of the presence of audit firms such as Deloitte, McKinsey, and GE Capital, which hire them in large numbers.
With India being a prominent BPO center, B.com graduates find employment in Transaction Processing, E Funds & overseas financial firms.
After completing their B.Com, students have a multitude of skill development courses to choose from, such as digital marketing, computerized accounting, GST, and computer applications.
These courses offer wide-ranging applicability, and the opportunities for growth are limitless.
Eligibility: 10+2 with 33% marks (Eligibility – Commerce, Arts, and Science)
Career Options after B.Com
After earning a B.Com degree, you have several career options.
These include accountant, business executive, financial analyst, tax consultant, accounts manager, business consultant, finance manager, chartered accountant, company secretary, chartered financial analyst, certified management accountant, certified financial planner, bank manager, or even a teaching position.
Can I Pursue CA after B.Com
Certainly! After completing BCom, individuals can pursue a Chartered Accountancy (CA) qualification.
They can opt for the Direct Entry Scheme, which allows them to skip the Foundation level of the CA course and start at the Intermediate level.
How to get a bank job after B.Com
BCom graduates can secure jobs in banks by passing competitive exams like IBPS PO, RBI Grade B Officer, SBI PO, SBI Clerk, and IBPS Clerk.
Salaries of different roles after B.Com
| BCom Jobs | Average salary* |
| Firstly, Jr Accountant | INR 2.4 LPA |
| Accountant | INR 3.2 LPA |
| Further, Account Executive | INR 3.8 LPA |
| Moreover, Business Executive | INR 3.5 LPA |
| Financial Analyst | INR 5.8 LPA |
| Tax Consultant | INR 7.1 LPA |
| Financial Consultant | INR 6 LPA |
| Accounts Manager | INR 8.6 LPA |
| Business Consultant | INR 13.7 LPA |
| Finance Manager | INR 16.8 LPA |
| Financial Analyst | INR 5.8 LPA |
| Chartered Accountant | INR 10.5 LPA |
| Company Secretary | INR 8.7 LPA |
| Chartered Financial Analyst | INR 10 LPA |
| Certified Management Accountant | INR 6 LPA |
| Financial Risk Manager | INR 11.5 LPA |
| Certified Financial Planner | INR 3.9 LPA |
| Bank Manager | INR 9.4 LPA |
| Finally, Commerce Teacher | INR 3 LPA |
At this point, the write up should convince you that B.Com is essential for a stable and lucrative career, as it’s relevant across various sectors. Visit the best B.Com College in Meerut and get ready for a successful career in the field of commerce and accounting.
