Bachelor of Commerce (B.Com)- Fees, Admission, Eligibility, Jobs & Salary

Edited By Sofiya | Updated on March 7, 2024
  • Duration
    3 Years

What is Bachelor of Commerce (B.Com)

A Bachelor of Commerce (B.Com) is an undergraduate degree that students in the commerce stream may pursue after completing their 10+2 schooling. This is a popular course in India because it can offer many jobs in different fields, like accounting, finance, taxation, banking, and auditing. In India, a B.Com course requires three years, which are divided into six semesters. The core subjects are financial accounting, cost accounting, business mathematics, business economics, business law, and business communication. color: Some universities in India also offer the B.Com degree programme, which is a more demanding and skilled version... Read More

Bachelor of Commerce (B.Com) Admission Criteria

In India, application requirements for Bachelor of Commerce (B.Com) programmes vary by university or institution. But most colleges and universities have a similar process for letting students in, which includes the steps below:

  • Educational Qualification: Candidates must have completed their 10+2 education from a recognized board with accountancy, economics, and business studies, as mandatory subjects.
  • Minimum Marks: The minimum marks required in 10+2 to be eligible for admission into the B.Com program is 50% for general category students and 45% for SC/ST/OBC candidates.
  • Entrance Exams: Some universities or colleges may conduct an entrance exam for admission into the Bachelor of Commerce (B.Com). Some of the common entrance exams are university-level entrance exams and state-level entrance exams.
  • Merit-Based: Some universities or colleges may offer admission based on merit as well. In such cases, the admission is offered based on the candidate’s performance in 10+2.
  • Reservation: The reservation policy of the Government of India is applicable to Bachelor of Commerce admission. Some universities or colleges may also have a separate reservation policy.

Bachelor of Commerce (B.Com) Eligibility

  • Educational Qualifications: Candidates must have completed their higher secondary education (10+2) from a recognised board or institution with a minimum aggregate score of 50% or an equivalent grade in any discipline. Some colleges may also require candidates to have studied accountancy, business studies, or economics at the 10+2 level.
  • Age Limit: At the time of admission, candidates must not be older than 20 (general category) or 22 (reserved category).
  • Entrance Exams: Some colleges may require candidates to appear for an entrance exam to be eligible for admission. These exams may test the candidate’s aptitude, reasoning, language skills, and general knowledge. Some popular entrance exams for B.Com in India include IPMAT, SET, NPAT, and DU JAT.

Bachelor of Commerce (B.Com) Entrance Exams

In India, some colleges offering B.Com programmes may not require students to take an entrance exam for admission. Typically, these colleges select students based on their academic performance on qualifying examinations, such as the 10+2 or equivalent. However, many reputable colleges may still require applicants to complete an entrance exam. The main objective of these entrance exams is to assess a candidate's problem-solving, aptitude, critical reasoning, and communication/ language skills. Here is the list of entrance exams conducted by some colleges and universities:

National Level Entrance Exams

AIMA UGAT (All India Management Association Undergraduate Aptitude Test), CSEET (Company Secretary Executive Entrance Exam).
State Level Entrance Exams

JMI (Jamia Millia Islamia Entrance Exam), SET (Symbiosis Entrance Test), KCET (Karnataka Common Entrance Test), MHT CET (Maharashtra Common Entrance Test), TANCET (Tamil Nadu Common Entrance Test), AP ICET (Andhra Pradesh Integrated Common Entrance Test), TS ICET (Telangana State Integrated Common Entrance Test).
University Level Entrance Exams

AIEEA (All India Entrance Examination for Admission), BHUUET (Banaras Hindu University Undergraduate Entrance Test), UM-CMET (University of Mumbai Common Management Entrance Test), CUET (Christ University Entrance Test), SET (Symbiosis Entrance Test), IPU CET (Guru Gobind Singh Indraprastha University Common Entrance Test), KIITEE(Kalinga Institute of Industrial Technology Entrance Examination), AMUEE(Aligarh Muslim University Entrance Examination ), BDUEE(Bharathidasan University Entrance Examination).

Bachelor of Commerce (B.Com) Fee Structure

In India, the fee structure for B.Com programmes in government and private colleges can vary considerably depending on the institution's reputation, location, infrastructure, and facilities. In general, government colleges charge less for B.Com programmes than private colleges. Here is a comprehensive overview of the B.Com fee structure in India's government and private colleges. The total cost for three years ranges between INR 20,000 and INR 2 lakh per year.

Courses after Bachelor of Commerce (B.Com)

Students who have completed a B.Com programme in India can choose from a variety of courses to further their education in accountancy and acquire specialised skills in their chosen field. Continuing education in this profession can lead to increased employment opportunities and career advancement. The courses available after a B.Com are intended to provide students with advanced knowledge and specialised skills in a variety of business domains, including finance, marketing, human resources, operations, etc. Here... Read More
MBA

MBA courses, Master of Business Administration, MBA in Finance, MBA in Marketing, MBA in Human Resource Management, MBA in International Business.
MSc

MSc in Finance and Accounting, MSc in Business Analytics, MSc in Economics
MSc in Marketing Management, MSc in Human Resource Management, MSc in Operations Management, MSc in International Business, MSc in Supply Chain Management, MSc in Entrepreneurship, MSc in Information Technology.

Career Opportunities after Bachelor of Commerce (B.Com)

A Bachelor of Commerce offers many public and private sector job possibilities. Here are some career opportunities in both the government and private sectors.

Careers in the Private Sector

  • Accountants: Accountants manage financial records, analyse financial data, prepare financial reports, and ensure tax compliance. Indian accountants earn INR 3.5–4.5 lakh annually.
  • Financial Analysts: A financial analyst analyse financial data, prepare financial reports, and recommend investments. Indian financial analysts earn INR 5–8 lakhs annually.
  • Investment Bankers: An Investment manager analyse financial data, raise capital, and make investment recommendations. Indian investment bankers earn 10–15 lakhs per year.
  • Chartered Accountants: A chartered accountant audit financial records, prepare financial reports and advise clients. Indian chartered accountants earn INR 7–10 lakh annually.
  • Tax Consultant: A tax consultant advises on tax issues, prepares tax returns, and ensures tax compliance. Indian tax consultants earn INR 4–6 lakhs annually.
  • HR Managers: HR managers recruit, train, and manage employees. HR managers in India earn INR 6–8 lakhs annually.
  • Marketing Manager: A marketing manager creates marketing strategies, promotes products, and manages marketing professionals. Indian marketing managers earn INR 6–8 lakhs annually.
  • Operations Manager: An operations manager ensures a company’s daily operations run smoothly. Indian operations managers earn INR 6–8 lakh annually.
  • Business Analysts: A business analyst analyse business processes, identify areas for improvement, and recommend changes. Indian business analysts earn INR 5–8 lakhs annually.
  • Financial Planners: Finacial Planners advise clients, create financial plans, and manage investments. Indian financial planners earn INR 4–6 lakh annually.

Careers in the Public Sector

  • Income Tax Officers: Income tax officers enforce and collect taxes from individuals and organisations. Indian income tax officers earn between Rs. 4.5 lakh and Rs. 10 lakh annually.
  • Bank Probationary Officers: Bank probationary officers manage customer accounts, process loans, and keep financial records. Indian bank probationary officers earn between Rs. 4.5 lakh and Rs. 12 lakh annually.
  • Indian Railways Ticket Collectors: Indian railway ticket collectors sell, check, and manage train schedules Indian railway ticket collectors earn between 2.5 lakh and 5 lakh per year.
  • Civil Services: Civil service jobs include administrative, police, and revenue services. Indian civil servants earn between Rs. 7 lakh and Rs. 20 lakh per year, depending on role and seniority.
  • SBI Clerks: SBI clerks manage customer accounts, process loans, and keep financial records. Indian SBI clerks earn between Rs. 3.5 lakh and Rs. 5 lakh annually.
  • Public Sector Undertakings: Public sector undertakings are government-owned companies in energy, infrastructure, and telecommunications. Public sector employees in India earn between Rs. 3 lakhs and Rs. 15 lakhs per year, depending on role and seniority.
  •  Insurance Agent: Insurance agents sell policies for insurance companies. The average salary for insurance agents in India is between 2.5 lakhs and 5 lakhs per year.
  • Customs Officer: Customs and Central Excise officers enforce customs, excise, and service tax laws. Indian customs officers earn between 3.5 lakh and 10 lakhs per year.
  • Public Sector Bank Manager: Public sector bank managers run bank branches and manage staff. Indian public-sector bank managers earn between Rs. 5 lakh and Rs. 15 lakh annually.
  • Staff Selection Commission (SSC): The SSC recruits for Indian government departments and ministries. SSC employees in India earn between 2.5 lakh and 10 lakh per year.

Bachelor of Commerce (B.Com) Scope, Salary & Employers

The Bachelor of Commerce is a widely known undergraduate programme in India that offers numerous opportunities in the business and management fields. Here is a summary of the B.Com’s scope, salary, and employers in India:

  • Scope: B.Com is a versatile course that prepares students for various roles in the corporate world. B.Com. graduates can work in areas such as marketing, finance, management, human resources, operations, and more. They can also pursue higher education in management or entrepreneurship.
  • Salary: The salary of a B.Com. graduate may vary based on experience, location, and employer. The average annual salary for a fresh B.Com. graduate in India ranges between Rs. 2.5 lakh and Rs. 5 lakh. With 2-3 years of experience, B.Com. graduates can expect a higher salary range of around Rs. 5 lakh to Rs. 8 lakh per annum. However, with advanced skills and expertise, the salary can go up to Rs. 20 lakh or more per annum.
  • Employers: B.Com. graduates can find employment in a range of industries such as banking, finance, e-commerce, FMCG, hospitality, and more. Some of the prominent employers for B.Com graduates in India are multinational corporations such as Deloitte, KPMG, EY, PwC, and Amazon; Indian corporations such as TATA, Reliance, Infosys, and Wipro; and start-ups such as Ola, Swiggy, and Zomato.

Required Skills for Bachelor of Commerce (B.Com)

To excel in a Bachelor of Commerce (B.Com) programme, students must possess a combination of hard and soft skills. Here are some of the essential skills required for a B.Com:

  • Problem-solving skills
  • Basic idea of accounting and financial statements
  • Communication and interpersonal skills
  • Proficiency in mathematics
  • Basic computer applications

FAQ (Frequently Asked Questions)

What is the difference between B.Com and BA?

B.Com. focuses on commerce and accounting, while BA focuses on business management and administration.

Can I pursue a B.Com. after completing my 12th in a stream other than commerce?

Yes, you can pursue a B.Com. after completing your 12th grade in a stream other than commerce. But the universities may have certain eligibility criteria.

Can I pursue a B.Com. through distance education?

Yes, many universities offer B.Com. through distance education.

Can I pursue a B.Com. after completing a diploma in a different field?

Yes, candidates who have completed a diploma in a different field can pursue a B.Com.

Is it necessary to have math as a subject in 10+2 to pursue a bachelor's in commerce?

No, it is not necessary to have math as a subject in 10+2 to pursue a B.Com.

Is B.Com. a professional course?

No, B.Com. is not a professional course. It is an undergraduate degree that provides students with a broad knowledge of commerce and business-related subjects.
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