BCom draws a lot of attention every year during college admissions. Bachelor of Commerce (BCom) and BCom (Hons) are widely sought after by aspirants in India. The surge in students’ interest in BCom, to an extent, is contributed by the rising economy of the country and the growing requirement for professionals in the financial sectors.
In this post, let us take a look at BCom and its rising popularity as a course in India and how students can benefit by pursuing a bachelor’s degree in Commerce.
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What is BCom? Scope of BCom in Career
BCom or Bachelor of Commerce, is a three-year undergraduate program widely available in almost all colleges and universities across India and worldwide. BCom offers widespread opportunities and scope to pursue diverse career options. Accounting, finance, banking, and management are among the different areas where BCom graduates can pursue a career after completing their graduation. Moreover, there are many post-graduate and diploma programs that BCom graduates can pursue further to avail of better and high-paying career opportunities after completing BCom.
BCom teaches subjects and curricula that are comprehensively designed with a focus on industry-relevant outcomes. Commerce students are mostly sought in varied fields due to their holistic knowledge and critical thinking abilities. The scope of commerce moves across wide domains including finance, banking, taxation, accounting, HR, management, consulting, law, statistics, mathematics, etc. The multi-disciplinary learning and the wide-ranging specializations make commerce a preferable choice for Indian students.
Why is BCom a popular Course for Students?
The popularity of BCom as a course is mostly due to the following reasons:
Offers Practical Knowledge – BCom is a practical course that offers hands-on experience to students in different subjects. Moreover, projects and training that are involved in the curriculum help students gain more practical knowledge during the three-year duration.
Cost-Efficient – BCom is a cost-effective program that is easily affordable for most students and their parents. If you compare BCom with other courses like engineering, medicine, and architecture, it is quite affordable. The easily affordable fee structure is another reason why many students pursue BCom for their bachelor's.
Versatile program – With a BCom degree in hand, students can have a wide range of opportunities in different fields. Banking and finance, Accounting, Management, Tax planning, and Entrepreneurship are among the various areas that are open for BCom students. Moreover, graduates have the opportunity to work in both private and government sectors after their education.
Wide Prospects of Jobs – Since BCom presents a wide scope of career options, graduates find better job opportunities in numerous areas. Moreover, they also have the option to pursue advanced and professional courses after BCom to boost their career growth and prospects.
Good Opportunities for Career Advancements – As already discussed, BCom serves as the foundation course for many professional programs like MBA, CA, CS, and so on. Hence, students get enough opportunities for career advancements after completing BCom.
Flexible curriculum – BCom is a stream that can be pursued via different modes of study. You can pursue BCom as a regular offline program, or via online courses offered by different colleges and universities. Also, BCom can be pursued by students via distance learning mode. Hence, you have a lot of flexibility in pursuing BCom.
Career Prospects after BCom
Now that you know the reasons for the popularity of BCom, let us take a look at some of the top career options that BCom students can apply for either after completing their graduation or after pursuing a professional or diploma course after BCom.
1. Auditor
Students with a commerce background can apply for the role of an Auditor. Auditors inspect the financial accounts of a company and ensure their accuracy and compliance with the law. They also report audits and evaluate the internal controls of a company.
Starting salary of an Auditor: Rs 4 lakh - Rs 10 lakh per annum
2. Tax Consultant
As the name suggests, a tax consultant advises companies on taxes and their related aspects and helps them with the best tax payment options. They also review proposals in terms of their profitability for the company. Further, they review other investments and income sources of the company to advise them accordingly.
Starting salary of a Tax Consultant: Rs 1.5 lakh - Rs 10.9 lakh per annum
3. Business Analysts
These professionals help businesses in executing different products and services. They also build business plans for the growth and improvement of businesses along with performing various other roles.
Starting salary of a Business Analysts: Rs.3 lakh - Rs 16.9 lakh per annum
4. Store Manager
A store manager manages retail stores and is responsible for things like the quality of products, pricing, and inventory. They also train staff and supervise them to function efficiently to meet the demands of the store and the customers.
Starting Salary of a Store Manager: Rs 2 lakh - Rs 8.8 lakh per annum
5. Entry-Level Accountant
An entry-level accountant is a position wherein the person is responsible for maintaining the financial accounts of a company and their statements. They also perform the added responsibility of preparing balance sheets, report compilation, and tax submission among others.
Starting salary of an entry-level Accountant: Rs 0.3 lakh - Rs 3.8 lakh per annum
6. Digital Marketer
A digital marketer manages the online presence of a company by creating multi-channel communication strategies across different business areas.
Starting salary of a Digital Marketer: Rs 1.6 lakh - Rs 9.6 lakh per annum
7. Market Researcher
Market researchers do research and analysis of consumer data to study consumer behaviors, likes, and preferences. They evaluate products and services to support businesses to boost their sales and growth.
Starting salary of a Market Researcher: Rs 3 lakh - Rs 12 lakh per annum
8. Data Analysts
Data analysts are professionals who study organizational data sets to help resolve various complex business problems that their companies face and help them resolve.
Starting salary of a data analyst: Rs 4 lakh - Rs 9 lakh per annum
9. Banker
A BCom student can apply for an entry-level banking executive role wherein the person is responsible for performing different banking-related roles applicable as per the position held.
Starting salary of a Banker: Rs 0.6 lakh - Rs 4.5 lakh per annum
10. Supply Chain Analyst
Supply Chain Analysts manage the flow of work in an organization to ensure the smooth functioning and operations of a company.
Starting salary of a Supply chain analyst: Rs 2.5 lakh - Rs 13 lakh per annum
Take The Next Step In Your Career ?
EnrolL Now →Wrapping Up
A degree in BCom can open avenues for varied job roles for students. It also opens doors of opportunity to pursue interesting courses and diplomas which boost your resume and help you land lucrative jobs. BCom can be pursued online as well as offline. BCom is one of the most popular online courses in India. If you are planning to pursue an online BCom degree, Amity Online University is the best option for you. Amity offers a wide range of online courses including a BCom online course with different specializations for students to choose from. Visit Amity Online today to know more.
