Best Scope And Career in B.Com (Bachelor of Commerce) 2021 LNCT University | Best Private University in Central India

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B.Com (Bachelor of Commerce) is a three-year undergraduate program that covers financial accounting, corporate taxation, economics, company law, auditing, and business management, along with other topics. The course’s major goal is to teach students both theoretical and practical parts of bookkeeping and accounting, as well as the financial and economic environment, and to assist them in developing the managerial skills needed to run a business. B.Com graduates have a plethora of work options in the chartered accounting and financial industries, and B.Com graduates are preferred in both the private and public sectors.

About B.com (Bachelor of Commerce)

Commerce is defined by the Business Dictionary as “a type of business that involves the exchange of products and services. It encompasses all activities that enable trade, whether directly or indirectly. It encompasses all processes relating to the exchange of goods and services. The word usually refers to large-scale business operations.”

The three-year B.Com program is organized into six semesters. Auditing, accounting, actuarial science, business system analysis, business economics, banking, and many other topics are covered in this course. The degree has a wide range of work opportunities in both the private and public sectors. The employment responsibilities include financial and commerce-related research, teaching, and management.

Eligibility Criteria for B.com (Bachelor of Commerce)

In order to be considered for admission to B.Com courses in India, applicants must have completed their undergraduate degree with a minimum of 50% aggregate marks from any recognized board in any relevant discipline. In addition to the necessary criteria. Furthermore, there are no age restrictions for enrolling in the B.Com program.

B.Com. Admissions Process

The admissions process for the B.Com program is merit-based and management-based. Aspirants must meet the minimum qualifying requirements, which include grades. The following is the procedure for obtaining admission to a B.Com course:

How to Enroll in the Program

Admissions can be completed on-site at the college or through the website portal. The admissions method is merit-based. Aspirants can apply for the B.Com (Bachelor of Commerce) program by obtaining an admission form from the university’s website. Universities provide counselling, interviews, group discussions, and other activities prior to acceptance into the program.

Process of Selection

Admission is based on the grades earned in the 12th and 10th grades. After the institution conducts the interview, the candidates are assigned seats depending on the numerous eligibility criteria that they have met. The procedure for admission is primarily determined by the institute that is granting admission.

B.Com Programs

The B.Com program, often known as Bachelor of Commerce, is a three-year undergraduate program that offers a variety of concentrations. The training teaches knowledge and comprehension of a company’s financial and commercial components. There are numerous specialization courses available under the umbrella of a B.Com degree, making graduates of this program very employable. Most public and private colleges and universities in India offer the B.Com program, making it a relatively accessible education. Because of the education that students receive during their college degree, alumni of this program are highly sought after.

What is B.Com all about?

Bachelor of Commerce (B.Com) is a three-year undergraduate degree program that focuses on the aspirants’ skills and concepts, making it ideal for them to gain a deeper understanding of their chosen subject. Banking, labour relations, logistics management, accounting, and many other topics are covered in this course. The course offers a wide range of topics, subjects, and occupation fields to choose from. The course has a large number of job opportunities in a variety of fields. After graduation, graduates can find work in both the private and public sectors.

 

B.Com (Bachelor of Commerce) | LNCT University Bhopal, M P

What is the Role of a B.Com (Bachelor of Commerce) Professional?

The B.com degree is recognized for its in-depth understanding of accounting and the field of commerce. The following are some of the various functions performed by B.Com graduates:

Research and Development: One of the most common jobs for B.Com graduates is in the field of accounting and commerce research and development. Graduates will gain research and development skills that will help them advance in their careers throughout the course.

Teaching: Graduates of this B.Com program expose students to in-depth knowledge of various domains, allowing them to pass on their knowledge to future generations. Finally, in addition to research, one of the most important functions of a commerce graduate is teaching.

Reasons Why a B.com Degree Can Lead to a Successful Career

Potential earnings: The course has a high earning potential. B.Com graduates have a lot of opportunities to make a lot of money in finance and other commercial sectors, which is why their future career prospects are promising.

Job Versatility: It assists aspirants by providing them with a variety of versatile jobs in the professional world, ranging from higher education to lucrative jobs. Because this course is related to accounting, finance, and other various commerce-related streams, B.Com graduates are preferred by a wide range of industries.

Tips for B.Com Preparation

Time Management: Effective time management is a cure for all diseases caused by a lack of time when it comes to studying. Students should create a schedule and stick to it if they want to do well in their exams.

Practice a lot: It takes a lot of practice to become a perfect man. As a result, by putting in a lot of practice and hard work, students will be able to expand their knowledge abilities.

Know the Syllabus: Students should be aware of the course’s syllabus ahead of time because it will help them focus on important key points, making it easier for them to prepare for the exams.

Higher Education’s Scope

B.Com has a wide range of applications in India and abroad. Graduates who want to expand their knowledge of commerce can pursue an M.com degree in India. Following a B.Com, you may pursue further education in the following areas:

B.Com In India, the salary package for a graduate B.Com ranges from 4.42 LPA to 7 LPA. The salary paid to graduates may vary depending on their experience and skills.

After completing a B.Com., you have a variety of career options.

After completing the course, graduates will have access to a large number of job opportunities in both the public and private sectors. The job market for graduates with a B.Com degree is vast, and the jobs available will vary depending on the industry in which they work and the knowledge they possess.

Following are some of the best government career options after completing a B.Com:

Auditors

Actuaries

Budget Analysts

Chief Financial Officer

Cost Estimators

In the private sector, some of the best career options after B.Com include:

Business Operations Manager

Tax Consultant

Stock Broker

Accountant

Finance Consultant

Skills That Will Help You Become the Best B.Com Graduate B.Com graduates are expected to have skills that will help them advance in their careers. The skill sets will aid graduates in their academic pursuits as well as their development as the best working professionals.

B.Com (Bachelor of Commerce) graduates have the following Skills:

Ability to think analytically

Ability to communicate

Solving Time Management Issues

Ability to Conduct Research

Personality Qualities

B.Com (Bachelor of Commerce) Course Structure

The B.Com program is divided into courses and optional subjects. The course is structured into six semesters and begins with an overview of accounting fundamentals and other associated business tasks. Financial accounting, banking, and communication are the key topics covered in this course. Aspirants can select electives depending on their specialties and research projects completed at the end of the previous year.

  • VI Semesters
  • Core and Elective subjects
  • Internship
  • Project Submission

Following the course, the possibilities are endless. Other than research-based departments, candidates can apply for opportunities in educational organizations and accountancy institutions. In addition, there is a slew of job openings in both the public and private sectors.

B.Com Teaching Methodology and Techniques

A B.Com degree includes a variety of teaching modalities. Students are trained to assist in various labs, group projects, and other action-based learning approaches in addition to the fundamental standard lecture-based teaching. For the final year project, students can even collaborate as a group to give real answers to diverse difficulties.

(Bachelor of Commerce)The following are some examples of teaching methods and techniques:

  • Practical Sessions
  • Group Projects
  • Case Methodology
  • Workshop
  • Lectures

B.Com Projects

Students pursuing a B.Com degree can work on projects related to portfolio analysis and management, working capital management, the stock market, mutual funds, and other topics. The project encourages students to learn how to design and develop various commerce-related domains.

The following are some of the most popular B.Com projects:

  • Enhancing Employee Performance Through Monetary Incentives
  • Outsourcing Human Resource in Beverage and Food Firms
  • Role of E-Commerce in Reducing Operational Cost
  • Monetary Incentives and Employee Performance
  • Impact of E-Commerce on Emerging

There are core and elective subjects in the B.Com program. Furthermore, B.Com imparts specific knowledge in subjects such as cost accounting, company law, banking, and insurance, among others, by providing both theoretical and practical knowledge. The B.Com general syllabus is designed for students who are passionate about accounting and related fields.

Semester Wise B.Com (Bachelor of Commerce) Syllabus

Banking, communication, economics, labor relations, insurance, and many other B.Com disciplines are available. The course’s content is broken down into four sections: foundation, core, electives, and projects. The semester-by-semester B.Com subjects are:

Semester I Semester II
English and Business Communication English and Business Communication
Business Economics-I Interdisciplinary e-Commerce
Commercial Laws Business Economics – II
Interdisciplinary Psychology for Managers Corporate Accounting
Principles of Financial Accounting Business Laws
Principles and Practices of Management Business Laws

 

Semester III Semester IV
Interdisciplinary Issues in Indian Commerce Interdisciplinary Security Analysis and Portfolio Management
Cost Accounting Interdisciplinary Security Analysis and Portfolio Management
Company Law Interdisciplinary Security Analysis and Portfolio Management
Business Mathematics and Statistics Cost Management
Banking and Insurance Marketing Management
Indirect Tax Laws Quantitative Techniques and Methods

 

Semester V Semester VI
Income Tax Law Direct Tax Laws
Management Accounting Financial Management
Indian Economy Issues in Financial Reporting
Production and Operation Management Social and Business Ethics
Entrepreneurship and Small Business Operational Research
Financial Markets and Services Sectoral Aspects of Indian Economy

Career Prospects

Graduates with a B.Com degree will have little trouble finding work. Some B.Com graduates can advance their careers in accountancy and research. Furthermore, after completing the course, graduates with a B.Com degree have a lot of opportunities in the field of education, as well as a lot of opportunities in the public and private sectors of various companies. Jobs and salaries after B.Com are plentiful, allowing hopefuls to get work quickly. In addition, B.Com-related positions like CA and CMA are in high demand. In addition, compared to any other course in the appropriate domain, the number of graduates placed following completion of the course is high.

B.Com (Bachelor of Commerce) | LNCT

After graduation, you can pursue a B.Com course in a variety of disciplines. Because commerce and related disciplines have been acknowledged as a common language around the world, B.Com graduates have a lot of work opportunities. As a result, occupations and salaries for B.Com graduates vary greatly. A B.Com graduate may expect to earn roughly INR 4.42 LPA on average. After completing the course, students are qualified to work in any connected organization.

Some of the B.Com freshers jobs are:

  • Auditors
  • Cost Estimators
  • Stock Brokers
  • Investment Analyst
  • Investment Banker
  • Certified Public Accountant

B.Com job designation for aspirants with experience are:

  • Marketing manager
  • Marketing Researcher
  • Human Resource Managers
  • Chief Financial Officer
  • Chartered Management Accountant

Areas for Recruitments for B.Com (Bachelor of Commerce)

B.Com graduates are sought after in practically every field of employment. Because commerce is such an important field of study, most employers favor B.Com graduates above others. After completing a B.Com, you can work in a variety of fields. The following are some examples of recruitment areas:

  • Research
  • Accounting
  • Management
  • Commerce
  • Associates

Salary Packages for B.Com (Bachelor of Commerce)

In the public and private sectors, B.Com occupations pay between 2 and 8 LPA. As a result, after completing a B.Com, the chances of landing a solid job with a good salary are very favorable. Salary packages, however, may differ depending on the graduates’ skills and job experience.

Following are some of the greatest occupations for B.Com graduates:

Designation Salary
Accountant INR 2.5 LPA
Operations Manager INR 6.5 LPA
Finance Manager INR 10 LPA

Government Jobs for B.Com (Bachelor of Commerce) Aspirants

In practically every government field, B.Com graduates are highly valued. B.Com graduates are preferred by the majority of research and scientific institutes. Government employment for B.Com grads is a highly rewarding position. Jobs and salaries in the government sector are plentiful after B.Com. Graduates with a B.Com degree stand out in their fields.

B.Com (Bachelor of Commerce) | LNCT University

Top Government Companies Job Profiles Salary
State Bank Of India Clerk INR 3 LPA
Reserve Bank Of India RBI Grade B Officer INR 4.5 LPA
Ministry Of Commerce and Industry Company Secretary INR 3 LPA

 

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