Komal
07 November, 2024
Table of Contents
The commerce industry works like the backbone of our country’s economy. As accurately portrayed in the popular web series Scam 1992, commerce is one such field that governs the entire stock market. This field has given India more powerful professionals in the
Banking
Entrepreneurship
Finance
Trade
Business
Financial Markets
Commerce is one of the most versatile career prospects, making it a highly desirable option among the youth. This is a big shift from the typical science courses in the past few years. Over fifty million MSMEs are currently focusing on e-commerce and financial services. This is one of the major reasons why all eyes are on commerce today and why this sector is blooming.
Do you know what is more attractive? This sector opens multiple avenues to you. As a commerce graduate, you can explore career options in both the public and private sectors. This helps you with the essential knowledge and skills to thrive in India’s fast-evolving and dynamic market.
BCom is one of the most popularly chosen subjects among the youth today. You might have heard of this stream’s basic subjects, such as accounting, economics, and mathematics. However, there is more to it. This subject is a foundation for entering the typical commerce streams such as Chartered Accountancy, Company Secretary, or even starting your own business or investing in the stock market. Here are some of the most rewarding career prospects that you can begin your career in after a BCom:
Accounting
Finance
Banking
Taxation
Human Resources
Marketing
Entrepreneurship
Investment and Portfolio management
A bachelor’s degree in commerce gives you transferable, in-demand abilities. You must be prepared to work in various industries with these abilities and expertise.
Before you begin your journey in any field, understand the purpose behind choosing it. Your career is determined mainly by the smallest of choices you make. Choosing a career prospect because it offers a lucrative reward is not the right way to decide.
That is why it is important to understand the purpose of studying for a BCom degree, and this is what we have decided for you:
You develop an understanding of the Indian and global business markets.
You learn more about managing accounts and finances.
You begin to analyse more accurately as you also deal with balance sheets.
You learn to solve complex problems even in the business field.
Also Read: BCom Explained: Full Form, Course Details, Fee, Scope, Top Colleges
The duration of the BCom undergraduate programme is typically three years. It is divided and spread across 6 semesters. Some colleges might even offer you a four-year BCom honours course across eight semesters. Throughout these six semesters, you get exposure to multiple subjects, which collectively help you strengthen your foundation irrespective of the field you choose. Now, let us decode each semester’s syllabus content so you can understand what you study as a part of this curriculum.
Year 1: In the first year, you would get an insight into the primary and core concepts of commerce, accounting, and economics. You would get to study different subjects, such as business communication and microeconomics. You can also build essential skills such as data interpretation and business awareness.
Year 2: The second year is planned more around advanced financial management, marketing, and taxation principles. These subjects allow you to explore cost accounting, business laws, and macroeconomics while also learning how to solve real-world case studies and problem-solving frameworks.
Year 3: Now, in the final year, the center point of your studies would move more towards specialisation in areas like
Auditing
Investment Analysis
Business strategy
You can study corporate governance and entrepreneurship this year and complete project work or internships to prepare for industry roles.
Also Read: 12 Best Courses After BCom for High Salaries in 2024 – Updated!
Here is a complete breakdown of the key subjects covered in your BCom honours degree. Please note that the syllabus or the subjects may differ as per different colleges and their guidelines. Here is a general syllabus or a list of subjects you can study for a BCom degree.
Semester 1 | Semester 2 |
Financial Accounting | Business Mathematics and Statistics |
Microeconomics | Macroeconomics |
Business Computing | Business Laws |
Business Organisation and Management | Corporate Communication |
Business Computing | Environmental Studies |
Quantitative Methods | Financial Systems |
Communication In English | Elective-Principles of Macro Economics || Foreign Exchange Markets, etc. |
Principles of Micro Economics, New Venture Planning
Semester 3 | Semester 4 |
Company Laws | Indirect Tax Laws |
Income Tax Laws | Stock and Commodity Market |
Elements of cost accounting | Competition and Consumer Laws |
Advanced Economics | Corporate Accounting |
Entrepreneurship | (Advanced) Operations Research |
Elective: Financial Markets,Indian Economy, etc. | Elective: Human Resource, Management, investing in stock markets, and e-commerce. |
Semester 5 | Semester 6 |
International Business | Business Communication |
Cost Accounting | Management and Infomation Systems |
Strategic Management | Fundamentals of Financial Management |
Elective: Principles of Marketing; Computer Applications in Business or Advertising | Business Culture |
Principles of Auditing |
Semester 6 Electives:
International Business, Management Accounting, Corporate Tax Planning, etc.
Also Read: 6 Best MBA Specialisations for Commerce Graduates in 2024
There are different modes of learning in BCom honours. Let us understand what makes each mode different in terms of their syllabus:
Online: Offers more flexibility by providing recorded lectures and virtual assessments.
Unique Factor: An online mode allows self-paced learning and fun quiz interactions.
Traditional: More focused on one-on-one interactions in a physical setting such as classrooms and libraries.
Unique Factor: The traditional method allows you to participate in hands-on activities, case studies, and classroom interactions.
Hybrid: This mode combines live online sessions and in-person workshops.
Unique Factor: It allows you to experience the best of both worlds—fun face-to-face interactions and flexibility in learning online through creative digital tools.
Online learning offers more convenience, while traditional learning revolves more around classroom interactions. A hybrid mode is a mix of both and allows you to experience both online and traditional ways of learning.
What is the point of coming a long way in your academic journey when you don’t have the essential skills to put your theory to use? Here is a list of hard and soft skills you can develop on your BCom honours journey.
Financial Analysis
Accounting and Bookkeeping
Taxation Laws and Auditing
Data Analysis using Excel and ERP Tools
Business Law and Compliance
Marketing Management
Investment and Portfolio Management
Risk Management and Insurance
Problem-Solving
Communication Skills
Teamwork and Collaboration
Critical Thinking
Leadership Skills
Time Management
Adaptability and Flexibility
Ethical Decision-Making
Also Read: 15 Best Courses After 12th in Commerce For High Salaries: 2024
A Bcom degree or a BCom honours degree is an insight into the different aspects of the field of commerce and the gateway to different intriguing career opportunities. From chartered accounting to governance, you can use your knowledge and skills in commerce in a very efficient way to yield impressive results. This degree allows you to learn more about the commerce industry. You learn how the country’s economy functions. You learn about the different aspects of commerce, such as accounts, economics, mathematics, and more.
These key subjects prepare you in such a way that you can choose any field to build your career in. This can even be a non-commerce field. So, what are you waiting for? This field is going to open multiple avenues for you. This blog is an insight and a detailed guide to the field of BCom honors. Now it is for you to decide what you expect from this journey.
Here are the top highest-paying job prospects after a BCom honours degree:
Investment Banker
Chartered Accountant (CA)
Financial Analyst
Risk Manager
Management Consultant
Here are the top colleges in India that offer a BCom Honours degree:
Shri Ram College of Commerce (SRCC), Delhi
Lady Shri Ram College for Women, Delhi
Christ University, Bangalore
St. Xavier’s College, Mumbai
Loyola College, Chennai
Here are the top skills every BCom graduate is expected to develop:
Financial Analysis
Communication Skills
Problem-Solving
Teamwork and Leadership
Business Law Knowledge
Here are the most important subjects in BCom degree:
Financial Accounting
Business Economics
Corporate Law
Cost Accounting
Marketing Management
Yes, there are many colleges that offer an Online BCom degree. Therefore, you can pursue a BCom degree online too.