B.Com. (Hons.): A Complete Guide

Bachelor of Commerce (Honors) or B.Com. (Hons.), as it is commonly called, is a three-year undergraduate degree course. The course is designed to build competence in particular areas of business studies while providing the students with a wide range of managerial skills. The program imparts strong subject-matter expertise by focusing on the learning, which includes the knowledge of fundamental theories, principles, methods and procedures of commerce and accounting.

Over the years, it has been one of the most sought after courses among students from across the country.

“The scope of learning in BCom(h) is very vast and the not so arduous curriculum gives the students a chance to indulge in other co-curricular activities also”- says, Mrs. Seema Joshi, Head of Commerce Department, KMC.

Many of the colleges are integrating industry-required knowledge in their course curriculum, to ensure better placements for the students. Consequently, competent B.Com. (Hons.) students are quickly absorbed by big companies. This could be seen as a possible reason for the increasing demand for this course.

It is important to note that, in the past few years, getting admission to the top B.Com. (Hons.) colleges has become highly competitive. At Delhi University, (one of India’s most prestigious universities), the course has seen cut off percentage as high as 100%.

Eligibility

Any candidate who has passed the 10+2 examination, is eligible for admission in B.Com. (Hons.). The course is open to candidates from any stream (Science, Commerce, or Arts). Only, they must have studied Mathematics at 10+2 level.

However, you must keep in mind that, admission to the course is highly competitive, and most of the famous and reputed colleges offer admission strictly on the basis of merit.

Specializations

The first two years of the course comprise a combination of various subjects like, management, accountancy, economics, law, statistics, finance, etc. While in the final year, the students can choose to specialize in any subject.

Prospects

Career

There are immense career opportunities for B.Com. (Hons.) graduates in both private and public sector. The course structure is designed to instill competent professional skills in the students, which is one of the reasons that B.Com. (Hons.) graduates always have an edge over others.

Being a job oriented degree, the course opens your avenues to a large number of career opportunities. After successfully completing the degree, you are eligible to find job prospects in the fields of:

Insurance
Banking
Auditing
Accounting
Investment
Economics
Taxation
Management

Source: Payscale.com

You can also look for job opportunities in Government sector (you can appear in the SSC, UPSC, Bank PO exams, and other recruitment exams conducted by the government at the state and central level), Journalism, and advertising.

Higher Studies

If after completing the degree, you wish to pursue further studies, you are available with the following options:

Chartered Accountant (CA)
Chartered Certified Accountant (CCA)
Certified Public Accountant (CPA)
Company Secretary (CS)
Master of Commerce (M.Com.)
Master of Business Administration (M.B.A.)
(Bachelor of Law) L.L.B.
(Certified Management Accountant) CMA
(Chartered Financial Analyst) CFA

Though conventional courses like CA and M.Com. have been the first choice of B.Com. (Hons.) students for many years, courses like CCA, CPA, CMA, and CFA are also equally lucrative for their careers.

The students can also go for Value Added Certification programs alongside the regular curriculum. These programs are offered with an objective of developing professional skills and attributes that enhance the overall development of an individual and make them industry ready. The schedule and structure of these courses vary as per real-time Industry requirements. Obtaining certification in Accounting Technician Course from ICAI (Institute of Chartered Accountants of India), and IT-based courses like Tally or Cyber security are good additional qualification options for such students.

Best B.Com. (Hons.) Colleges In India

Everyone is well aware that when it comes to B.Com. (Hons.), Delhi University’s colleges, namely SRCC, Ramjas, Hansraj, Hindu, Lady Shri Ram, Sri Venkateswara are certainly the best. However, as the number of seats at the university is quite limited, only a meager percentage of the aspirants gets to study there. But, there are many other reputed colleges that offer the course and are counted among the best commerce colleges of the country. Some of them are:

B.Com. (Hons.) is a career oriented course that opens your horizons to various roads, from finance to insurance, and from insurance to management. The course structure helps to enhance your skills and aptitude to a great extent. With a degree in B.Com. (Hons.), you are fit to work in both public and private sectors. Also, it leads you to many lucrative higher study options.

So, if you have the skills and interest in the field of Commerce, B.Com. (Hons.) can be the best alternative for your career.

Furthermore, it is a perfect start for the students, who are interested in setting up their own business or managing their family business.

Hope this information helps. Good Luck!!

With Inputs from Tatsat Chopra