B.Com (Bachelor of Commerce) - Full Form, Course, Eligibility, Admission, Syllabus, Salary, Scope & Career
B.Com is an undergraduate course offering a conceptual understanding in Accounting, Economics, Business Law, Taxation, Insurance and Management. B Com course year is a three-year-long undergraduate programme in the field of commerce. B Com opens the doors to career opportunities like Chartered Accountancy, Company Secretary, Cost and Work Accountancy, Insurance and Banking services. A background in commerce aids in setting the stage for a successful career. B.Com degree familiarises with the financial foundations of the company. Bachelor of Commerce degree also gives a solid foundation in core financial matters. here, we have discussed B Com, such as B Com full form, B Com course year, B Com subjects.
What is the B Com full form?
B Com full form is Bachelor of Commerce, is one of the most popular post graduate course opted by the students of commerce stream after qualifying their 10+2. B Com is available primarily in all colleges and educational institutions and candidates who wish to become bankers, accountants, financial advisors, economists, statisticians, book keepers choose for B.Com.
Highlight- B.Com (Bachelor of Commerce)
B.Com (Bachelor of Commerce)
10+2 in any stream
Direct admission or based on the entrance examination
Fees for the entire duration
Rs. Rs. 10,000 to Rs. 50,000
Rs. 4,00,000 LPA
Accountant, Banking, Taxation, Business, Management, Chartered Accountant, Company Secretary
Ernest and Young, LIC, HDFC, Deloitte, Punjab National Bank, Citibank, SBI, KPMG
B.Com (Bachelor of Commerce) Eligibility
Candidates seeking admission into B Com must go through the eligibility criteria to ensure that they are eligible for the admissions. Mentioned below is the eligibility criteria candidates can go through. Check the B.Com eligibility mentioned below:
No age limit has been prescribed for the admission. Candidates of all age groups, gender, community can apply, generally.
Candidates must have completed 10+2 with the minimum marks of their stream required for admission as prescribed by the respective university or institute.
It is also mandatory for the students to have studied Mathematics and English
Also Read: Commerce Certification Courses
B.Com (Bachelor of Commerce) Admissions
Generally, there is no entrance test, and admission for B Com is usually done through merit. Besides the academic performance of the candidate, a few colleges conduct interviews as well as other screening processes. The degree is offered in colleges across the country full-time. Candidates can also pursue it in the distance mode. However, there are some universities and institutes which take the entrance test to shortlist the students.
Top B.Com Exams
Various universities and colleges take their own entrance exams for B.Com admissions. Universities like Guru Gobind Singh Indraprastha University, Banaras Hindu University, Delhi University take their entrance tests. Some of the entrance exams are mentioned below:
BHU UET: Banaras Hindu University conducts BHU UET for admissions to various undergraduate courses including B.COM.
IPU CET - Indraprastha University Common Entrance Test is conducted by Guru Gobind Singh Indraprastha University for admissions to the various colleges affiliated to it.
DUET: Delhi University Entrance Test is conducted by the National Testing Agency (NTA) for getting admission to the courses offered by the Delhi University.
CUET: Christ University Entrance Test is conducted for getting admission in the courses offered by Christ University.
Aspirants seeking to build their careers in Commerce streams can opt various specializations offered for B Com. The specialisations range from accountancy, taxation, management. These specialisations vary from one institute to another. Bachelor of Commerce specialization will decide the direction of the career path. It is on the students whether they want to pursue the career in accountancy or taxation or banking. They have to choose their specialization according to their interest in the respective field. The popular B Com specializations include:
Accounting and Finance - Financial accounting is a particular type of accounting that includes a method of documenting, summarising and reporting for a period of time the multitude of transactions arising from business operations. Such transactions are outlined in the preparation of financial statements which document the operating results of the company over a specified period, including the balance sheet , income statement, and cash flow statement.
Taxation -The course includes the study of accounting, financial planning and economic theory concepts as well as a detailed emphasis on taxation, which is called a method of taxing people who earn 'taxable' money. To put it another way, B Com (Taxation) is a degree program in which, aside from a general course study in Commerce, the main emphasis is on the systematic study of principles in the fields of taxation and specific subjects.
Auditing- Financial auditing is the process of examining the financial records of an organization (or individual) to determine whether they are accurate and in line with any applicable rules, regulations, and laws. External auditors come to examine accounting and financial records from outside the organization and provide an independent opinion on those records. Law requires all public companies to have external audits of their financial statements. Internal auditors work as internal employees for the organization to examine records and help improve internal processes such as operations, internal controls , risk management and governance.
Banking and Insurance- The course was designed to bring together trained professionals who can handle various banking and insurance related financial activities, effectively operate in the banking and insurance environment within the financial services sector and manage the various banking and insurance technologies used.
Browse B.Com Colleges by States
Browse B.Com Colleges by Locations
Advantages of B.Com
Great Career Choices: There are many options available for B.Com students after pursuing a B.Com degree such as M.Com, MBA, CA (Chartered Accountant), CS (Company Secretary), MCA and many diploma courses, as well.
Significant improvements in the workplace: Graduation is a testament to the perseverance, determination, ingenuity, and ability to handle challenging positions, all of which are required by those who fill the positions of manager and director. Therefore, after pursuing a B.Com one gets to work in a better environment than he or she normally would.
Large Areas of Work: After graduating from B.Com the student has a great choice in various fields where they can test their inner talent. They can be a part of financial planning, accounting, banking, so on and so forth depending on one’s interests and preferences.
Types of B.Com (Bachelor of Commerce)
B.Com is an undergraduate degree in Commerce. Various types of B Com are mentioned below:
B.Com Banking and Insurance
|B.Com Accounting||B.Com Accountancy|
B.Com (Bachelor of Commerce) Courses
Here is a list of various B.Com courses available. Students can go through the list mentioned below:
Candidates wishing to pursue B.Com can choose from the different Bachelor of Commerce courses available. In Delhi University (DU), the curriculum is designed to give exposure and create understanding in streams like finance, accounting, taxation and management. The B.Com course is interdisciplinary in nature. It revolves around the concepts of microeconomics, statistics, financial accounting, business communication, corporate law and auditing in the first two years. In the third year the theories of financial management and macroeconomics are taught.
In Chandigarh University, regular B Com in the first year entails an overview to subjects like Accounts, Business Environment, and Business Law along with foundation course in a foreign language. Second year introduces the students to streams in financial systems like Direct and Indirect Taxes, Cost Accounting, Corporate Accounting, Banking and Insurance. In the third year, students are exposed to specialised streams and management accounting.
To make the Bachelor of Commerce courses more rewarding, institutes have add-on courses. RA Podar College of Commerce & Economics, Mumbai offers optional subjects such as Advertising, Company Secretarial Practice, Mass Communication and Journalism in the first year. One could opt for Elementary Operational Research, Export Marketing, Market Research, Psychology of Human Behaviour at Work, Computer Systems & Applications and Direct/Indirect Taxes in their third year. To make students industry-ready, the curriculum has undergone changes with time. For instance, SRCC, New Delhi has e-filing of tax returns in a semester, Christ College, Bangalore offers Tally as a mandatory programme.
Other Popular Universities/Colleges
Aspirants can go through the syllabus of B Com to have a fair knowledge of the units and topics that are covered in the course. Some of the units along with topics of Bachelor of Commerce syllabus are mentioned below:
Language: English/Hindi/Modern Indian Language
Business Organisation and Management
Business Laws and Ethics
Generic Elective courses like, Principles of Microeconomics or New Venture Planning.
Generic Elective course like, Principles of Macroeconomics or Economics of Regulation of Domestic and Foreign Exchange Markets
Business Mathematics and Statistics
Income Tax Laws
Discipline Specific Elective courses like Indian Economy or Financial Markets and Institutions.
Skill Based elective like Banking and Insurance or Financial Analysis and Reporting
Auditing and Corporate Governance
Fundamentals of Financial Management
Discipline Specific Elective course like ) Principles of Marketing or Training and Development
Discipline Specific Elective course like, International Business, Consumer Affairs and Customer Care, Organisational Behaviour, Entrepreneurship and Small Business, Office Management and Secretarial Practice, Corporate Tax Planning, Fundamentals of Investment, Management Accounting
Skill Based Elective course like Computer Applications in Business or Advertising
Scope of B.Com
Scope of B Com is very good as the chances of employment and success are huge. B.com degree opens the door for career opportunities in financial services, banking, research, analysis, risk management, government, taxation. B Com remains one of the most sought after choices for thousands of 10+2 students, despite the rush for management programmes at the undergraduate level. Bachelor of Commerce also gives you a grounding for pursuing courses such as MBA and Financial Management course.
Having a commerce background makes a road to the journey of a successful career. For some of the big names in the corporate sector quoted above, B.Com degree familiarised them with the financial foundations of the company. B Com degree also gave students a solid foundation in core financial matters.
Career Opportunities after B.Com
Job opportunities exist right after the programme. Prominent institutions find recruiters making a beeline to hire students from campus. A recent industry trend also suggests inclination of companies in hiring B Com pass-out students in comparison to postgraduates and technical graduates. Companies like Accenture have also been into hiring freshers as accounts executives. Corporates recruit fresh Bachelor of Commerce students from campuses. Commerce graduates get an edge because of the existent curriculum and exposure to varied subjects.
A career in commerce offers immense growth to the aspirants as demand for professionals is always on a high. What matters at the end of the day is whether one has an inclination for it. One should have the discipline, commitment and focus to carve a niche in this ever-growing domain. Career opportunities after Bachelor of Commerce include jobs in the following professions:
Chartered Accountancy (CA)- Chartered Accountant as a professional holds the responsibility of accounting, auditing, taxation, financial and management areas of an individual or organisation. It is one of the most sought, reputed and challenging work fields.
Company Secretary (CS)- A company secretary is a senior position in a private sector company or public sector organisation. CS of various experience levels are available and companies look to recruit individuals with skills and experience commensurate with the size and complexities of their business
Cost and Work Accountancy (CWA)- The cost and work accountant’s job is to collect, evaluate and analyse all the financial information considering all the angles and then interpreting those numbers for the management. The CWA is considered an important part of the corporate strategies and planning, these days.
Insurance & Banking service- The banking sector is one of the greatest sectors that can bring a change and a revolution in the economy of the country. B.Com opens the doors to this job profile.
Business Accounting and Taxation- This job involves maintaining the Books of Account of any company, Return filing, taxation, statutory compliances, finalization of accounts and taking challenging roles in Accounting, Taxation, Auditing and Compliances.
Marketing Manager- Pursuing B Com opens the opportunities of being a manager. It opens the doors to become a Brand Manager, Market Research Analyst, Media Planner, Product Manager, Event Organizer or Public Relations Officer.
B Com graduates normally get an average salary ranging from Rs. 2 lakhs to Rs. 8 lakhs per annum. B Com salary of an employee depends on the sector of employment and the employee's position in the company. The salary also varies and grows after pursuing higher education in the field or getting any specialization like accounting, analyst or consultant.
Rs. 4 Lakh per annum
Rs. 7 Lakh per annum
Rs. 9 Lakh per annum
Rs. 8 Lakh per annum
Rs. 9 Lakh per annum
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Frequently Asked Question (FAQs) - B.Com (Bachelor of Commerce) - Full Form, Course, Eligibility, Admission, Syllabus, Salary, Scope & Career
Question: What is the B Com full form?
B Com full form is Bachelor of Commerce, is one of the most popular post graduate course opted by the students of commerce stream after qualifying their 10+2.
Question: What are the sectors offering opportunities to Commerce graduates?
Retail marketing, export management, infrastructure and transport are some of the sectors. real estate, human resources and new technologies create opportunities as well.
Question: What is the flip side of the B.Com curriculum?
The course has so many papers, you may not go into the details. Practical exposure may not be there in many courses. The exposure to business set-up is not that much. Regular restructuring will make the course more relevant.
Question: What is the duration of B.Com?
B.Com is one of the most sought courses among students today. It is generally an undergraduate programme of three year duration. The course is divided into six semesters.
Question: What is B.Com and why B.Com?
B.Com is Bachelor of Commerce, a degree in the field of commerce opening a gateway to various career opportunities.
Question: What is the full form of B.com?
B.Com stands for Bachelor of Commerce. Bachelor of Commerce, whose abbreviation B.Com is popularly known, is an undergraduate course completed over a three-year duration. B.Com is one of the most popular bachelor degree programs and is therefore available in a wide range of colleges and universities.