Did you know that BCom is one of the most common degrees chosen by students across all three main streams? That is because it is one of the most accommodating courses you can take after high school. And also one of the easiest courses you can take to earn mid-level salaries since the beginning of your professional career.
In this blog, we discuss what makes this happen, and also how to navigate among different Types of BCom Degrees, or specializations, as there are many. Read to find out all about these and find out which one suits you the most.
BCom (Bachelor of Commerce) courses are usually 3-year undergraduate degree programs that anyone can pursue after passing their 10+2 exams. The duration of the program may vary with different modes of classes. One thing that you need to know about BCom courses is that they are offered with different specializations, which are also called types. According to Collegedunia.com, there are 38 different types of specializations offered in India. Among these, only 4 are honors courses, which are a cut above the rest.
Of course, you might have wondered among BBA and BCom which is better. The answer may be ambiguous – Both are great for similar career paths, but Bcom courses are generally better for landing jobs with financial responsibilities. Refer to the table below to get a quick look at the general features of Bcom courses in our country.
| Course Name | BCom (Bachelor of Commerce) |
|---|---|
| Level | Bachelors |
| Mode | Full-time, Online, Part-time, Correspondence |
| Duration | 3 years (for full-time courses) |
| Mode of Examination | Semester System |
| Eligibility Criteria | 10+2 from a recognized board with at least 50% marks (optional criteria differ from college to college) |
| Common Entrance Exams | IPU CET, CUET, Christ University Entrance Test, DUET, etc. |
| Average Fees | INR 3K – 60K |
| Average Starting Salary | INR 2 Lakhs |
| Average Salary | INR 4 Lakhs |
| Top Recruiters | SBI, Pricewaterhouse Cooper, LIC, IndusInd Bank, Deloitte, Punjab National Bank, Bajaj Allianz, ICICI Bank, Citibank, etc. |
Bcom specializations offer more detailed insight and knowledge in a particular application of skills in a specific area of expertise, in the business world. Students can choose among the various specializations that exist. BCom Majors or Honors subjects are mostly chosen by those who want to study further for CA, CFA, CS, etc. This is because honors courses offer a little more detail in particular subjects that are really helpful in cracking these tough certifications.
The 4 Bcom honors or majors are ideal for various certifications in the finance field like Chartered Accountant (CA), Company Secretary (CS), etc, which can lead to really high-paying careers. Let us now take a deeper look at the 4 major BCom specializations and the job opportunities that they can lead to.
The BCom with Computer Application specialization teaches students computer technology in the field of commerce and finance, including all aspects like hardware, programming, and software applications. This type of Bcom degree usually lands jobs in accounting firms and other similar organizations. Typical jobs you can get after this degree include:
Refer to the chart below for a comparison between the average salaries of these common job roles.
The BCom finance course prepares students for a wide variety of roles in the financial sector. It focuses on areas like banking, economics, and finance to get you some jobs like the following:
Refer to the chart below for a comparison between the average salaries of these common job roles.
The BCom specialization in Professional Accounting teaches students all about core accounting concepts like banking, management, and taxation. This course is ideal for those who want to take up ACCA or become a Chartered Accountant. Common jobs graduates of this specialization can opt for include:
Refer to the chart below for a comparison between the average salaries of these common job roles.
The BCom Information Technology (IT) specialization imbues students with the skills and IT knowledge to work in the IT departments of big companies and financial firms and institutions. Some of the common jobs you can get with this type of BCom degree include:
Whether it is for studying for Advanced Certifications like CA, ACCA, CS, CMA, etc., or for other great jobs in the financial and allied industries, the different types of BCom degrees are a great choice. Students have the freedom to choose a specialization that interests them, while also learning the foundation to manage and succeed in any commercial endeavor. Out of the 4 major BCom degrees with extra perks of studying them available at Cheran SMS College of Arts and Science, which one would you pick?
Yes. The Bachelor of Commerce Computer Application degree is a great choice for a future MBA aspirant as they can then easily pursue a similar MBA specialization to gain better expertise in their field.
The eligibility criteria for admission to SMS College is that the candidate should have a minimum of 50% marks in their 10+2 exams and be between 17 and 25 years of age.
Some of the topics taught in BCom second year include Company Law, Income Tax Laws, and Corporate Accounting, besides optional subjects specific to the specialization chosen.
The full form of CMA is Certified Management Accountant. They earn average salaries of over INR 10 LPA in India.
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