It is a
myth that commerce is only all about money.
On the
contrary, it is about figuring out how business works, how to manage a company
and personnel, keeping a track of the stock market, keeping tabs on tax schemes
and much more.
The top 5
courses at the graduate level are as follows:
·
Bachelor Of Commerce (BCom)
·
Bachelor Of Business Studies (BBS)
·
Bachelor Of Management Studies (BMS)
·
Bachelor Of Business Administration (BBA)
·
Bachelor Of Business Management (BBM)
However,
the Bachelor of Commerce programme itself offers a plethora of specialisations.
1. Bachelor of Commerce (B.COM)
The
Bachelor of Commerce course gives students a general idea of buying and selling
of goods, provision of services, productions and property, and much more.
The BCom
degree can help establish a career in finance, taxation, operations, etc,
depending on the course specification opted for.
There are
more than 50 specialisations which can be opted for across colleges all
over India.
Listed
here are some of the most widely picked choices which are commonly available as
an option in most colleges in the country.
Course Duration: 3 years
Top Institutes: Shri Ram College of
Commerce (New Delhi), St Xavier's College (Kolkata), Loyola College (Chennai),
Narsee Monjee College of Commerce and Economics (Mumbai), Christ College
(Bangalore).
Career Steps: BCom can be a stepping stone for further
degrees like Chartered Accountant (CA), Company Secretaryship (CS) and Cost and
Work Accountancy (ICWA).
Accounting and Finance
Specialising
in accounting and finance trains students who are looking to pursue a career in
banks, insurance companies and industries.
The
University of Mumbai has also created a separate course in accounting and
finance for those students who are focused on getting into the fields.
Some
of the subjects studied here include financial accounting, cost accounting,
auditing, taxation, business law, economics, business communications, etc.
Economics
For
an overall view of the subject, some students opt for a major in economics.
This may not train students for a particular career path but it provides an
overall view of the commerce stream and students can choose to follow a career
path or pursue further studies on completion of the course.
Auditing
For
those who want to find a career as a Certified Public Accountant, Finance
Manager or Chief Financial Officer, majoring in the field of Auditing is a good
idea.
Subjects
studied under this specialisation are advanced financial accountancy, auditing,
financial markets, corporate financial policy, financial service, etc.
Taxation
Subjects
studied under the specialisation of taxation include financial accounting,
economics, business mathematics and statistics, direct and indirect taxation,
public finance and taxation, and more.
This
course prepares students a career as a business tax consultant or a property
tax consultant. Other job roles include Manager of Accounts and Direct
Taxation, Manager of Employment Taxation, Manager of Corporate Taxation and
others.
Advanced Accountancy
Advanced
accountancy prepares a student for work in the areas of accounting operations,
patterns, merger of public holding companies, foreign currency operations, etc.
It also helps provide an understanding in advanced financial accounting issues
such as lease contracts, pension funds, end of service severance payments, etc.
After
completing this course, it is possible to have a career as a public accountant
or a financial consultant.
Banking and Insurance
Majoring
in banking and insurance will enable a student to be well equipped to follow a
career in one of these two growing fields.
The
University of Mumbai introduced it as a special course to train students so as
to provide the banking and insurance sectors with competent people for their
workforce.
The
course subjects include life insurance, legal framework, non-life insurance,
etc.
Marketing Management
Specialising
in marketing management can provide multiple job opportunities starting from
Marketing Executive up to Marketing Manager. It is also possible to start a
consultancy firm that advises corporate companies on marketing strategies.
The
subjects covered are a range that includes communication, financial accounting,
business regulatory framework, consumer behaviour, sales management and more.
2. BACHELOR
OF MANAGEMENT STUDIES (BMS)
The Bachelor of Management Studies degree was
started to give students a hands-on experience so they can connect theories
learnt during classroom sessions with its application in real-life situations
in organisations.
It
has a more practical outlook as compared to other courses.
The
course was started by University of Mumbai for Mumbai-specific colleges.
Some
of the subjects studied in this discipline include business mathematics,
managerial economics, business ethics and corporate social responsibility,
human resource management, etc.
Course Duration: 3 years
Top Institutes: St Xaviers College (Mumbai),
SNDT Women's University (Mumbai), HR College (Mumbai), SIES College of Arts,
Science and Commerce (Mumbai), Sydenham College (Mumbai)
Career Steps: Completion of the BMS degree
offers careers in human resource management, sales and marketing, finance,
research and development, etc.
3. BACHELOR
OF BUSINESS STUDIES (BBS)
The Bachelor of Business Studies provides
students with a broad knowledge of business combined with specialist knowledge
of a particular area of business, the choice of which is at the discretion of
the student.
The
course focuses on developing the ability to think critically and analytically.
It
also teaches students to relate classroom ideas to practical business
situations which they will face while working in the industry.
Most
of the subjects covered in the course are from the fields of accounting and
economics so having a prior background in these fields is helpful.
The
course was introduced by the University of Delhi to give students a competitive
edge in the business world.
Course Duration: 3 years
Top Institutes: Deen Dayal Upadhyaya College
(New Delhi), Jamia Milia Islamia University (New Delhi), Keshav Mahavidyalaya
(New Delhi), Shaheed Sukhdev College of Business Studies (New Delhi)
Career Steps: Graduates from this course
can take up careers in the fields of finance, marketing and human resource
management.
4. BACHELOR
OF BUSINESS ADMNISTRATION (BBA)
The Bachelor of Business Administration degree
trains students in the field of business administration and has plenty of
specialisations of which the management ones are the most popular.
The
BBA program usually includes general business courses and advanced courses for
specific concentrations.
Some
of the specialisations offered under the program are air travel management,
finance and accounting, marketing and sales, hotel and tourism management,
banking and insurance, information technology and international business.
Specific Eligibility: Undergraduate Aptitude Test
Course Duration: 3 years
Top Institutes: Christ College (Bangalore),
Shri Narsee Monjee College of Commerce and Economics (Mumbai), Madras Christian
College (Madras), MS Ramaiah College of Law (Bangalore), SRM University
(Chennai)
Career Steps: Students can follow up a BBA
degree with a postgraduation in Master of Business Administration (MBA). Other
career options depend on the specialising subjects.
5. BACHELOR
OF BUSINESS MANAGEMENT (BBM)
Bachelor of Business Management is a programme
that is aimed at providing knowledge of the theoretical and practical aspects
of business.
The
most commonly picked specification under this programme is the international
business stream.
Some
of the subjects in this course are economics, marketing, agriculture business,
business laws and ethics, project management, etc.
Course Duration: 3 years
Top Institutes: Ness Wadia College of Commerce
(Pune), Institute of Business Management and Technology (Bangalore), New
College (Chennai)
Career Steps: This course can open up
career options in the products and services sector in terms of job
opportunities as well as entrepreneurship.
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