B.com Full Form: Bachelor of Commerce

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August 13, 2024
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B.Com Full Form

B.Com Full Form stands for Bachelor of Commerce degree. It is a 3 years undergraduate (UG) degree in commerce. Various colleges and universities in India offer the Bachelor’s Degree B.Com. B.Com degree allows Master’s Degree such as MBA and M.Com for Commerce graduates.

It is an undergraduate degree program that teaches students business skills. Students study subjects like Finance, Marketing, International Trade, etc.

The growing startup culture shows the youth’s desire to become business owners. If you, too, want to become one, B.Com is the course for you. You can pursue higher studies like an MBA after completing this degree. Students can also become CA or CA and work in managerial positions in big firms.

B.Com is important to understand the basis of the business world. The degree provides the knowledge and skills needed in the commerce field. B. Com is the abbreviation of Commerce’s full form.

What is a Bachelor of Commerce?

B.Com is generally a three-year degree program. There are six semesters. The course covers commerce courses. Some of the subjects are Economics, business mathematics, and statistics. It also teaches auditing and taxation, along with other finance subjects.

B.Com Full Form: Outlook Of Program

B.Com full form is Bachelor of Commerce. It is an undergraduate program. After completing the 12th standard, students can opt for this program to build their banking, insurance, accounts, and finance careers. 

Duration and Semester of B. com

B.Com is a three-year program in India. The entire program is divided into six semesters. Each semester lasts approximately six months.

Semester 1Semester 2
English and Business CommunicationEnglish and Business Communication
Interdisciplinary Psychology for ManagersInterdisciplinary e-Commerce
Business Economics – 1Business Economics – 2
Principles of Financial AccountingCorporate Accounting
Commercial LawsBusiness Laws
Principles and Practices of ManagementHuman Resource Management
Environment, Road
Semester 3Semester 4
Interdisciplinary Issues in Indian CommerceInterdisciplinary Security Analysis and Portfolio Management
Cost AccountingAdvanced Accounting
Company LawAuditing and Secretarial Practice
Business Mathematics and StatisticsCost Management
Marketing ManagementMarketing Management
Indirect Tax LawsQuantitive Techniques and Methods
Semester 5Semester 6
Income Tax LawDirect Tax Law
Management AccountingFinancial Management
Indian EconomyIssues in Financial Reporting
Production and Operation ManagementSocial and Business Ethics
Entrepreneurship and Small BusinessOperational Research
Financial Markets and ServicesSectoral Aspects of the Indian Economy

Eligibility Criteria for B.Com Course

  • The candidate must have a 12th pass in the commerce stream.
  • Candidates can directly get into B.com without taking any entrance test.
  • Candidates’ primary subjects of study had to be mathematics and English.
  • To be admitted to the university, the applicant must fulfill the minimal requirements for eligibility.
  • The minimal requirements for qualifying grades differ for every college and university.

Core Courses

Here are the core subjects in the B.Com program:

  • Business Law
  • Accounting
  • Economics
  • Business Management
  • Marketing
  • Auditing
  • Taxation
  • Financial Management

Syllabus

The B.Com syllabus covers a wide range of subjects. Students learn various business-related topics and get an in-depth understanding of commerce. Some of the subjects and topics covered in the syllabus include:

  • Financial Accounting: The subject builds strong financial understanding. Students learn to prepare financial statements. They are taught to record transactions and study financial data.
  • Business Law is one of the most crucial subjects in the Bachelor of Commerce course. Students learn the legal aspects of business. They understand how to read and write contracts.
  • Economics: Students learn supply and demand and the basics of economic policies.
  • Business Management: Fundamentals of management, principles of organizing, planning, and controlling.
  • Marketing: Marketing is a crucial business skill. It is needed to make every business successful. Every day new marketing strategies are created. This subject teaches students concepts of marketing, advertising, and consumer behavior.
  • Taxation: Students learn tax laws, regulations, and procedures.
  • Cost Accounting: This course analyses costs, budgeting, and cost control.

Difference Between B.Com General and B.Com Honours

B.Com and B.Com Hons are quite similar courses with some differences. Here is a table to understand the difference between the two thoroughly.

BasisB.Com GeneralB.Com Honours
CurriculumA broad range of subjectsOpportunities in specialized areas like investment banking.
ObjectiveGeneral understanding of commerceSpecific area in-depth knowledge
Market ValueSuitable for entry-level positions in various industriesPreferred for roles that require expertise
Job OpportunitiesDiverse career options in accounting, finance, marketing, HR, banking, etc.Opportunities in specialized areas like investment banking.

Specializations in B.Com

B.Com full form which stands for Bachelor of Commerce offers various specializations. Students can choose them according to their interests and career choices. Here is a review of the top core specialization in India.

Main Core Areas

  1. Accounting
  2. Banking and Insurance
  3. Marketing
  4. Human Resources.
  5. International Business
  6. E-Commerce

Types of B.Com Specializations

  1. B.Com (General): Bachelor of Commerce offers a broad understanding of commerce-related subjects.
  2. B.Com (Honours): This course allows students to specialize in a specific area of commerce.

Scope of career paths for different expertise

  1. Finance: Students can become an accountant. They can work in accounting firms. There is a high demand for B.Com graduates in Government agencies.
  2. Banking and Insurance: Degree holders get to work with banks. They can work as insurance companies as well. You can work as a loan officer and risk analyst.
  3. Human Resources: HR officials are the backbone of every firm. You can work as an HR consultant or training coordinator in various organizations.
  4. Entrepreneurship: Graduates can start their businesses or work in a startup. Startup culture offers more flexibility than corporate firms.
  5. E-Commerce: Graduates can choose from multiple career options in e-commerce companies. You can work with digital marketing agencies or online retail platforms.

Career Opportunities after B.com

A B-Com Full Form graduate can find employment in various settings, such as international firms, government offices, and even their own company. Depending on the B-Com Full Form specialization that a person chooses, they could work in a variety of fields. One of the main objectives of the B-Com Full Form program is to prepare students for careers in banking, accounting, insurance, and finance, among other industries. Chartered accounting is one of the most sought-after professions for B.Com. graduates. 

In addition to working in the field of chartered accounting, graduates have a wide range of other job options depending on their preferences and skill set. A wide range of industries, such as retail or commercial banking, marketing and sales, supply chain management, financial planning, human resources, etc., are open to applicants.

Job Profile

There are various high-paying job profiles. We have listed down famous job profiles along with their duties.

Job ProfileDuty
AccountantTrack financial records and prepare financial reports.
Financial AnalystSurvey financial data and provide investment advice.
Tax ConsultantCreate tax planning and compliance services for individuals and businesses.
Auditing AssistantHelp in auditing financial logs and ensuring compliance with regulations.
Marketing ExecutiveCreate marketing plans and run promotional campaigns.

Salary of a B. Com graduate

The Bachelor of Commerce, or B. Com., offers a wide range of future career options and is offered in both regular and distance learning formats. There are various specializations for the B. Com course, and students can earn between INR 4-6 LPA in nearly every field. By combining a B. Com. with courses like CS and CA, you can raise your pay. B.Com graduates can earn high salaries in India. Salary depends on various factors. Here are the average salaries provided to a B.Com graduate in India.

  • Fresher: INR 2-4 lakhs per annum
  • After five years: INR 6-8 lakhs per annum

Courses after B.com

B.Com graduates have several academic courses to choose from. Some popular academic courses include:

Admission Process

Like other undergraduate courses, B.Com also requires a few eligibility criteria. The criteria differ from college to college. It’s important to review the admission form properly.

Eligibility Criteria

  • Students must have completed 10+2, or equivalent, from a recognized board.
  •  They should have a minimum percentage required(varies by college).
  • Some colleges may require specific subjects like Mathematics or Commerce in 10+2.

Entrance Exams

Some renowned colleges conduct entrance exams for admission to their B.Com program, such as:

  • Delhi University Entrance Test (DUET)
  • Symbiosis Entrance Test (SET)
  • Christ University Entrance Exam
SL. NO.College NameCityAdmission Criteria
1Shri Ram College of Commerce, University of DelhiDelhiMerit-Based
2Hansraj College, University of Delhi  DelhiEntrance Exam
3Christ UniversityBangloreEntrance Exam
4Ramjas College, University of DelhiDelhiEntrance Exam
5Hindu College, University of DelhiDelhiMerit-Based
6St. Xavier’s CollegeMumbaiMerit-Based
7Narsee Monjee College of Commerce & Economics, MumbaiMumbaiMerit-Based
8Mithibai College of Arts, Chauhan Institute of Science & AmrutbenMumbaiMerit-Based

For more Full Forms → Click Here

Conclusion

Bachelor of Commerce, the B.Com full form, is a famous undergraduate program. It offers various career opportunities in the field of commerce. Students get to learn finance and business management. From owning a business or working in a managerial position, a B.Com graduate can do it all.

If you want to learn about other topics along with the B.Com full form click the links given below:

BE Full FormBHMS Full Form
CAT Full FormUGC Full Form
PGDCA Full FormJEE Full Form
PG Full FormPGDM Full Form
BMS Full FormEVS Full Form

B.Com Full Form: FAQs

What is the B.Com full form?

B.Com full form is Bachelor of Commerce.

What are the career prospects after completing B.Com?

B.Com graduates can pursue careers in accounting, finance, marketing, human resources, and more.

Can I pursue higher studies after B.Com?

You can pursue master’s degrees like MCom or MBA or professional courses like CA or CS.

What is the course duration of B.Com?

B.Com is an undergraduate course of three years with six semesters.

In which industries can I make my career after pursuing B.Com?

After pursuing B.Com, the graduates can work in banking, finance, insurance, and accounts.

What is the B.Com salary in India?

The annual salary range for a B.Com. graduate is approximately Rs. 2,50,000 to Rs. 4,50,000.

Can we take B.Com after 12th?

A minimum of 50% overall in the 10+2 or equivalent exam from an accredited board is required for admission to an online B.Com program.

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