Scope of B.Com

Inculcate Business Acumen – Opt for Bachelors in Commerce (B.Com)

Have an inclination or affinity towards numbers, profit, or business? To deal with the operations and organization of any modern business enterprise, you need an in-depth knowledge on core subjects like accounting, law, statistics, finance, and marketing.

Providing a holistic understanding of all market-relevant aspects of the business frontline, the Bachelor of Commerce (B. Com) has been developed exponentially for the hardcore financial number crunchers. Simply Put, Commerce means ‘All things Money’!

Even as a corporate employee, the scope of B. Com is wide-ranged and one can choose from a plethora of streams such as finance, accounting, taxation or managerial posts, which pay well.

Reasons to Choose

          – Ready for Employment & Entrepreneurship
Whether you wish to take up a job or start entrepreneurship, B. Com graduation helps to set a foundation. It offers an in-depth understanding of the market-relevant aspects or running an organization professionally without having to pay to expert accountants or market consultants.

          – Improved Analytical Skills
The Bachelor of Commerce is designed to enhance the ability to learn and study a variety of subjects and equip one with analytical, communication, and problem-solving skills. From effectively identify issues, sourcing information or finding efficient and practical solutions – it offers knowledge in almost every field. By the end of the degree course, students know which aspect of an organization they like and can look for a job accordingly.

          – Promising Job Opportunities
A career in commerce offers immense growth as there is a continual demand for professionals in this field. As a basic requirement, every company requires an accountant to keep track of the profit and loss of their company. For which, knowledge in areas like Basic Principles of Accountancy, Cost Accounting and Management Accounting is a must.

Ranging from an accountant to an auditor, consultant to a company secretary, business analyst to finance officer, sales analyst to junior analyst, stockbroker to economist or business development trainee – the choices for a B. Com graduate is endless.

Advanced Career Options After B. Com:

After completing B. Com, students can also avail of exciting and diverse post-graduate opportunities. If you are more inclined toward accounting, you should go for:

          – Chartered Accountancy:
Chartered Accountants are in constant demand both at home and abroad, being recognized for their technical competence, professional standards, and veracity.

         – Corporate Secretary:
Being a company secretary represents a high, valuable position in an organization. If you hold a legal skill, good communication skill, and can contemplate over the corporate issues, you will find a company secretary job very interesting.

          – Certified Public Accounting (CPA):
The CPA designation is the most valuable designation you can get if you are going into accounting and finance. It validates a general understanding of accounting and finance topics, and it opens a lot of doors in both the private and public sectors.

          – Association of Chartered Certified Accountants (ACCA):
Organizations look for accountancy professionals who can understand the financial needs of the organization and who can evaluate and propose business solutions. The ACCA Qualification is designed to equip its members with the necessary knowledge and skills needed for finding and evaluating business solutions. This increases the demand of ACCA members and improves their career prospects.

Alternatively, if you feel finance is your cup of tea, go for an MBA in Finance or Masters in commerce. Do some soul search and find out what you really wish to choose. Other domains include:

  • Banking
  • Economics
  • Cost Work and Accountancy
  • Stock Broking
  • Agricultural Economics

A candidate definitely has various options and job opportunities after the successful completion of their graduation from a reputed university. However, an additional professional qualification along with their basic degree can help acquire an edge in professional life. Any of the above courses are sure to land you a great job for you to happily start your journey in the professional world.

Henry Maris | Secretary, Nazareth College of Arts & Science, Chennai.