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Bachelor of Commerce (B.Com) Course Admissions 2020 - 2021 Academic Year
Course Description - Some of the most known programs that students in India habitually take are B.Tech, MBBS and B.A. Apart from these, B.Com is one such program that a large number of Indian students take after completing their plus two board exams. While a lot of students take this program actually for the sake of learning and then move on to higher courses such as the M.Com, many students treat it as a backup option while preparing for their CA exams. As a lot of us know, CA is not only a very different exam to clear (with only about 3% pass rates each year), it is also a time taking process as students are supposed to do at least 3 years of articleship after qualifying their IPCC exams. Thus most students understand the risk they are taking while they embark on the task of clearing the CA exams. Since there are high chances of failure, they believe it is only better to have a backup plan. And their backup plan is to not waste precious three years of their academic life and instead earn a Bachelor's degree while they still can so that just in case they cannot clear the CA exam, they can have other avenues open for them where they can explore success.
In this program, students learn the basics of commerce and business. They get introduced to a variety of subjects related to business management and get the chance to hone their managerial and leadership skills in the areas of business. In this program, students work on subjects such as accounting, cost accountancy, finance, management, law, international business, business regulations, income tax and of course economics. There are three types of B.Com program. The first among these is the basic B.Com program which is also sometimes referred to as the B.Com (Pass). In this program, students gather knowledge on all the abovementioned subjects. In B.Com (Hons.), as the name suggests, apart from learning everything they do in the B.Com (Pass) program, they also get to specialize in certain subjects. The third program which is the B.Com (Vocational) is a job oriented program and its core function is to prepare students to be able to work efficiently in corporate houses. There are a number of specializations available for B.Com (Hons.) program (which is also these days the most preferred program) such as Advertising & Sales Management, Foreign Trade, Computer Application, Tax Procedure etc.
Duration - The B.Com course is generally three years long. Apart from the regular program, students also have the option to undertake the course through distance or correspondence learning in which case as well the duration of the program remains the same.
Eligibility - To be eligible for admission in a B.Com program, students need to have cleared their plus two exams from a recognised education board with either Science, Arts or Commerce stream. Since most students who get enrolled for this program hail from the Commerce background, there runs a misinformation common to most people that this program can be taken up only by those who had taken Commerce stream in their plus two board exams. However, the same is not true. Even students who had taken up science or arts in their HSC exams are eligible for this program subject to their score being above the cut-offs demanded by the concerned universities.
Cost of Study - Compared to other bachelor programs such as the B.Tech and MBBS, the cost of study for B.Com is very low. The prime reason for this is that there is very minimum or no practical study methods to be adopted by students in this program as most of what they are to study is going to be plain theory and while they may be indulged in a lot of problem solving, the same may not go beyond the notebooks. For instance, the three year course fee at Shri Ram College of Commerce, which is the most reputed college to impart B.Com program in all of India is only Rs. 87,820. The fee at Hans Raj College which is affiliated to the Delhi University again is just Rs. 60,605. The fee at Lady Shri Ram College for Women in Lajpat Nagar, Delhi is also somewhat the same. Let's talk about some private institutions. We can see the prices going up here as the amount which one may have to pay at Christ University, a private institution of much repute is a little above Rs. 2 lakhs. However, Symbiosis Pune charges much less, even lesser than the reputed government institutions – the fee for three years is just Rs. 45,000, which seems to be quite affordable. Now, this was about the regular program. Let's talk about Distance / Correspondence programs. One shouldn't be astonished by the affordable fee structures here. The fee for the 3 year correspondence course at IGNOU is just Rs. 1600 – affordable? Very! Again, the fee at Institute of Distance and Open Learning, Mumbai is Rs. 6500, which is much higher when compared to IGNOU but still much cheaper when compared to the regular programs. Then there are also the part time programs such as the one at Maharshi Dayanand University, Rohtak which charges just Rs. 13,500 for a three years program. Recently, we have seen the evolution of online programs as well. To get a B.Com in Finance and Investment Analysis from Amity Noida, one needs to shell off Rs. 1.23 lakhs, which seems to be almost double to what government colleges charge for the regular B.Com programs.
Admission Procedure - The admission process for this course begins when the plus two results by the respective boards are announced. Based on their scores, students might be able to enrol in once college or the other. For instance, we are all aware of the high cut-off rates put forth by the Delhi University each year. Several universities and colleges release their application forms which students need to fill and wait for the final lists. However, there are other institutions which conduct entrance exams of their own such as the Narsee Monjee Institute of Management Studies, Mumbai, Jamia Milia Islamia, BHU, GGSIPU etc. And then there are the likes of BML Munjal University that require students to submit an essay and quality in their personal interview rounds before they're admitted.
Career Prospects - Although most people would like to tell you otherwise, the fact remains that unless you have a degree from a very reputed college like Shri Ram College or the likes of it, you aren't going to land a job that pays you well. The reason is because B.Com graduates do not have any work experience usually. Most B.Com students remain busy working hard for theis CA exams and associated tests and do not get any time for internships. This is why B.Com graduates get entry level jobs with minimum packages. However, this does not mean they don't have opportunities where their skills can be utilized. They can work at Business Consultancies, corporate houses, Treasury and Forex Department, public accounting firms etc.
Higher Study Opportunities - A B.Com graduate has innumerable opportunities should he wish to opt for higher studies. After completing the B.Com program, students can get admitted for the master counterpart which is M.Com wherein they get deeper insights into the working of organisations. Additionally, students can opt to prepare and appear in MBA entrance exams such as the CAT, XAT, MAT etc and get a shining MBA degree from a reputed IIM. There are other things to do such as the CA (which they are most probably trying for already) and courses such as the Company Secretary, which is always an added boost to one's CV. Moreover, students can also opt for courses like CFA (Chartered Financial Analyst) which happens to be a job oriented professional course. They can also take up Law (the 3 year LLB), CMA, CFP or appear in competitive exams such as the UPSC Civil Services or the Bank PO exams.