Commerce is a term which comprises the trading of something of economic value such as goods, services, information or money between two or more entities. Simply put it is a division of trade or production which deals with the exchange of goods and services from producer to final consumer. Commerce acts as the central mechanism which drives capitalism and certain other economic systems.
But before any material is to become saleable it needs commercialisation. Thus Commercialisation consists of the process of transforming something into a product, service or activity which one may then use in commerce.
The course can be pursued either as a Full Time Graduate Course or Part Time Graduate Course i.e. through Correspondence or Distance Education depending upon one’s choice. B.Com. (General) is often referred as simply B.Com. or B.Com. Pass Course. It is General in the sense that it is not Subject Specific and one can choose a number of combinations of subjects, apart from 1-2 Compulsory Subjects. These combinations vary from institute to institute. B.Com. degree programs generally last 3 to 4 years depending upon the country. Mostly the duration of Bachelor of Commerce Degree spans over a period of 3 years. A person seeking the Commerce Degree needs to study 5-7 subjects. One can opt for various combinations depending upon the availability of choices in various Institutes. Those candidates who are unable to clear it in 3 years can clear it in certain number of years depending upon the education policy of an institute. Most of the Institutes offer change of Elective Subjects in the 2nd year depending upon one’s performance or choice. Certain Institutes admit students who have passed 1st or 2nd year from another institute depending upon fulfilment of the institutes rules and regulations. Bachelor of Commerce is considered as the second most preferred option for those who are not able to get admission in Science and those who think that Arts Degree is a lesser cousin of a Commerce Course. 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 impacts trade and business.
Bachelor of Commerce Specialisations
- B. Com. - Advertising & Sales Management: In this program students are taught about the important aspects of Advertising and Sales Management. It is beneficial for students who want to work in marketing and advertising industry.
2. B. Com. - Computer Application: In this program students are taught about computer application, software development and operating procedures, along with regular commerce subjects like accounts, economics, statistics, etc.
3. B. Com. - Foreign Trade: In this program students are taught about the foreign trade procedures and transactions, along with regular B. Com. subjects. It is beneficial for students who want to work in a company involved in import and /or export activities.
4. B. Com. - E-Commerce: In this program students are taught to effectively manage e-commerce business like online shops, or business portals along with technical and legal issues associated with it. It is beneficial for those students who have a knack for Commerce in the Electronic form.
5. B. Com. - Honours: B. Com (H) is an extensive form of General or Pass Course B. Com. Many colleges run these courses in semester system like in Engineering, MBA or other courses. Students are taught all the subjects in more detailed form than they are covered in normal B. Com. Besides students are allowed to choose one subject for specialization in their final year. For example one can opt for specialization in Accounts, Cost Account, Management, Computer, Economics or any other subject.
6. B. Com - Office Management: In this program students are taught about computer applications, office administration, communication skills, work ethics and corporate culture. It is beneficial for those students who are interested in managing an office.
7. B. Com - Tax Procedure: In this program students are taught tax procedures and essentials, along with other commercial subjects. It is beneficial for students who want to work in Accounts or Tax department of any company or those who want to start their own tax consultancy firm.
- Students with 50% in H.S.C. examinations (10 + 2) from a recognised Education Board with Science, Arts or Commerce stream can opt for Bachelor of Commerce.
- Students who have studied Commerce in 10+2 are given preference over others.
There are more than 4000 degree colleges in India
- University of Delhi - DU, Delhi
- Narsee Monjee College of Commerce and Economics, Mumbai
- Loyola College, Chennai
- Symbiosis Centre for Management Studies Under Graduate - SCMS UG, Pune
- St. Xavier’s College, Mumbai
- Christ University, Bangalore
- St. Joseph’s College of Commerce – (SJCC), Bangalore
- St. Andrew’s College of Arts Science and Commerce, Mumbai
- Mount Carmel College, Bangalore
- Sri Venkateswara College, New Delhi
- HR College of Commerce and Economics, Mumbai
- Indraprastha University, New delhi
- Gargi College, New delhi
- Jesus and Mary, New delhi
- Student with a wide range of managerial skills while at the same time builds competence in a particular area are suitable for it.
- They should have skills related to sectors like financial services, banking, business, industry, management, entrepreneurial ventures, law, hotel management and government services are suitable for the course.
- It is suitable for Commerce students; they can take up CA, CWA, CSS and other courses easily. There are novel courses like foreign trade and advertising for those who want to do graduation.
How is Course Beneficial?
- Candidates who have completed B.Com. have 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 practising Chartered Accountants because of which accountants never run out of 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.
- As the businesses are expanding globally with the use of latest technology, there is growing requirement for qualified and trained individuals to look after day to day business operations successfully.
- Budget Planning
- Business Consultancies
- Educational Institutes
- Foreign Trade
- Industrial Houses
- Inventory Control
- Investment Banking
- Merchant Banking
- Public Accounting Firms
- Working Capital Management
- Policy Planning
- Public Accounting Firms
- Treasury and Forex Department
- Budget Analyst
- Business Consultant
- Certified Public Accountant
- Chartered Management Accountant
- Chief Financial Officer
- Cost Estimator
- Finance Manager
- Financial Analyst
- Stock Broker