Why do the B.Com Course?

The 3 years Bachelor of Commerce (B.Com) course is the entry ticket for an astonishing career in banking, finance, business & taxation.

For any entity, commerce graduates are indispensable because they study finance, P/L statements, and manage the overall finances of the firm.

For any firm to survive, managing costs is vital. Hence, the B.com course is significant because they study accounts and manage the overall costing of the company.

For any organization, having a qualified accountant is vital to manage the income & expenditure of the firm.

The B.Com course trains on the complexities of P/L statements, taxes that are vital for clean accounts. Over the years, the B.Com course has transformed to include accounting software, GST & Income tax that has a wide applicability.

B.com course subjects:

The B.com course runs into 6 semesters comprising the subjects of Financial Accounting, Business Laws, Economics, Taxation, Auditing, and Cost Accounting, among others.

Finances & costs being the benchmarks for survival, the B.com course assumes significance because commerce graduates are experts in managing the accounts & finances of the firm.  

B.com course Syllabus

Let’s delve into the B.com course syllabus:

Semester-1	Business Organisation and Management, Financial Accounting, Environmental Studies
Semester-2	Business Laws, Business Mathematics and Statistics, Macro Economics
Semester-3	Company Law, Income Tax Laws, Financial Analysis and Reporting
Semester-4	E-Commerce, Industrial Laws, Human Resource Management
Semester-5	Cost Accounting, Auditing and Corporate Governance, Principles of Marketing
Semester-6	Corporate Tax Planning, Organisational Behaviour, Management Accounting

With India spearheading the startup boom, all firms need an accountant to manage their finances and prepare the P/L statement.

For this crucial task, they hire accountants who not only manage accounts but also assist employees file tax returns on time.

Come March & the commerce graduates are in high demand because they help people file income tax returns, GST & the likes.

The popularity of B.Com course can be determined from the fact that 4.03 million students are pursuing B.com, according to the All India Survey of Higher Education (AISHE) published by the HRD Ministry on Sept. 22.

This is because an accountant is indispensable to manage the accounts & finances of the firm. A firm that cannot control its expenses & finances will find it hard to survive in the ever-changing business environment.

The need is to cut costs & invest the profit judiciously to sustain during troubled times like the Corona induced lockdown.

B.Com Course eligibility–10+2 with 33% marks (Eligibility – Commerce, Arts, and Science)

Students of all streams can pursue the B.com course provided they have an interest in accounts & finance.

B.com course fees

The B.Com course fees at some of the Government colleges are:

Top Bcom Government Colleges	Average Course Fees
SRCC	INR 29,610
Lady Shri Ram College for Women	INR 19,870
Loyola College	INR 76,000
Hindu College	INR 18,260
Hansraj College	INR 20,950
Narsee Monjee College of Commerce & Economics	INR 46,710
Stella Maris College	INR 29,640
Ethiraj College for Women	INR 76,000
Sydenham College of Commerce and Economics	INR 5,420
Gargi College	INR 12,490
IP College for Women	INR 31,820
Jesus and Mary College	INR 16,610
GCCBA Kolkata	INR 1,300
KC College Mumbai	INR 9,540

Similarly, students should check the fees of individual colleges because the fees depend on location, type of institution, course curriculum, etc.

Some of the B.Com colleges with low fees are:

Top BCom Colleges with Low Fees	Average Fees
GCCBA Kolkata	INR 1,300
Sydenham College of Commerce and Economics	INR 5,415
St. Xavier’s College	INR 5,537
HR College of Commerce and Economics	INR 5,762
RA Podar College of Commerce and Economics	INR 5,925
Sacred Heart College	INR 6,170
MCC Mulund College	INR 6,935
Telangana Mahila Visvavidyalayam	INR 7,640
Mithibai College	INR 8,000
Gargi College Delhi	INR 12,495

B.Com Salary

The average B.Com salary is 5 Lakhs which increases with experience & skill development. With time, students can up skill with the in demand courses further empowering them to increase their salary.

B.com graduates can pursue advanced courses like M.Com, MBA, CS, CA, CFA which adds value to their profile. With the requisite skills & qualifications their salaries will increase with time. What is crucial is to keep upgrading oneself because the business environment is changing requiring the need for new competencies.

Students should also learn to use AI tools because with time, no sector will be untouched with Artificial Intelligence. This will improve productivity making them valuable for the employer.

The B.com course readies for an accountant role because all want to control expenses & augment their income. The B.Com course trains in the art of managing accounts vital to control costs & run business in a profitable manner.

Career scope after B.Com

There is no dearth of jobs after B.Com because trade & business are the benchmarks of a growing economy. As mentioned earlier every business should have an accountant to manage their P/L statement vital to run the business profitably.

The various job roles after doing the B.com course are:

Job Profiles	Average Salary (in INR)
Junior Accountant	1.75 LPA
Accountant	2 LPA
Account Executive	2.5 LPA
Business Executive	3 LPA
Financial Analyst	3.7 LPA
Tax Consultant	4.5 LPA
Financial Consultant	5 LPA
Accounts Manager	5.8 LPA
Business Consultant	9 LPA

Those interested in the IT sector can pursue MCA, MSc(IT) which opens a load of opportunities in the IT sector for commerce graduates. Consultancies like Mckinsey, Deloiite, GE etc hire accounts professionals as they perform accounting services for overseas clients.