IGNOU Delhi
- Fees: ₹ 8,100
Commerce
Degrees offered: B.A., B.B.A, B.C.A., B.Com, B.Com.L.L.B, B.Com(Hons), B.M.S
What is Commerce
Commerce is one of the most popular subjects that are pursued, mostly because of its versatility as well as its prospects. It gives the candidate knowledge on the business sector and on how one navigates through it. It equips them with real-time knowledge on subjects related to finance and transactions, comprising skills essential for navigating through life. The commerce course also acts as a stepping stone for pursuing several other careers such as Chartered Accountancy and Cost Accounting.
Highlights - Commerce
Parameter | Undergraduate | Postgraduate |
Course Description | Bachelor of Commerce | Master of Commerce |
Bachelor of Commerce (Honours) | Master of Philosophy in Commerce | |
Bachelor of Commerce (Strategic Finance Honours) | ||
Minimum Duration | 36 Months | 12 Months |
Maximum Duration | 36 Months | 24 Months |
Admission Criteria | 10+2 Exams with a 50 per cent aggregate of the total marks. Some private universities have their entrance exams. | Degree in B. Com. Or B. Com. Honors. Most top universities also have their entrance exams. |
Minimum Fee | Rs. 1,50,000 | Rs. 60,000 |
Fee Structure | Rs. 6,00,000 | Rs. 1,50,000 |
Minimum Salary | Rs. 1,75,000 per annum | Rs. 6,00,000 per annum |
Maximum Salary | Rs. 9,00,000 per annum | No upper bound limit. |
Jobs in Commerce | Accountant, Business Consultant, Accounts Manager, Tax Consultant, Finance Consultant | Business Analyst, Finance Analyst, Personal Finance Consultant, Investment Banker, Marketing Manager |
Eligibility Criteria (UG & PG) of Commerce
For the Undergraduate course
A candidate requires their 10+2 exam (State Board/ ISC/CBSE) marks being a minimum aggregate of 50% of the total marks. Apart from this, some colleges specify their own entrance exams to be written for the admission process.
For the Post Graduate Course
For a Master of Commerce (M.Com), the candidate must have a degree in either Bachelor of Commerce or a B. Com Honors degree. Apart from this, most universities have their own entrance exams that have to be cleared for admission.
Commerce Entrance Exams
For the Undergraduate Program –
Most Commerce colleges admit students based on merit (marks obtained in the 10+2) exams. Some of the private universities have entrance tests that are based on logical reasoning, mathematics, verbal skills as well as the basic concepts of accounting, economics and business studies. Some of the most popular exams that are held by private universities for B. Com. are –
AMU Entrance Exam – Aligarh Muslim University Entrance Exam, with each department having its own test.
Christ University Entrance Exam – This is a 120-mark test that is conducted before the admission process for Christ University.
Jamia Milia Islamia Entrance Exam – This exam is conducted for application into bachelors, masters, Ph.D. as well Master of Philosophy courses.
For the Postgraduate Program –
The following are the most popular entrance exams held by private universities for a Master’s in Commerce degree –
BHU PET- Banaras Hindu University Post Graduate Entrance Test is a national level entrance test written for admission into a postgraduate course.
Most universities have admissions based on merit. These are done with respect to the higher secondary examination scores. If not, certain entrance tests are prescribed, and the admission is made based on the ranking obtained in the test. They each have their own application forms that require the marks cards of the higher secondary examinations as well as a set of documents pertaining to the address and identity.
Once this is done, some universities have interviews scheduled for selection while others directly release a list of the selected candidates. Upon being selected, the admission process is completed with the submission of a few documents as well as the payment of a small admission fee.
Scope of Commerce in India and Abroad
The course of Bachelor of Commerce as well as any other commerce related sector, is perfect for candidates who come with a finance background. Knowing about the banking and finance sector is essential. With the extensive mathematics as well as calculations involved, good computer handling skills would also be required. A person willing to take up Commerce must be able to handle the pressure that comes with working in such a field. Managing a team as well as organising the work, while keeping an eye on the market as well as finances can be a hard task and thus, proper multitasking as well as hard work.
The scope of a commerce course is extensive. Having a multitude of different branches that one can venture into after graduating, greatly increases both job opportunities as well as the scope for growth in the field. After finishing B. Com, one can diverge into finance, accounting, human resources, administration as well as the banking department. All these opportunities are increased by two-fold when a Masters in Commerce is pursued.
Course Fees Commerce
| Minimum Fees | Maximum Fees | |||
|---|---|---|---|---|
| Private | Government | Private | Government | |
| UG |
725
B.Com in Commerce at Holy Cross College, Kanyakumari
|
---
Data not available
|
13.50 Lakhs
B.Com(Hons) in Commerce at IILM Institute for Business and Management, Gurgaon
|
3.09 Lakhs
B.Com(Hons) in Commerce at Guru Nanak Dev University, Amritsar
|
| PG |
1.18 K
M.Com in Commerce at Queen Mary's College, Chennai
|
500
M.Com in Commerce at Maharani Pushpmala Raje Paur Government Girls Degree College, Dewas
|
4.30 Lakhs
M.Com in Commerce at ISBR Business School, Bangalore
|
2.17 Lakhs
M.Com in Commerce at Gurugram University, Gurugram
|
| DOCTORAL |
44.00 K
Ph.D in Commerce at Shri Binzani City College, Nagpur
|
23.57 K
Ph.D in Commerce at Rajiv Gandhi University, Itanagar
|
16.20 Lakhs
Ph.D in Commerce at Arunachal University of Studies, Namsai
|
3.91 Lakhs
Ph.D in Commerce at Bodoland University, Rangalikhata
|
| DIPLOMA |
10.00 K
Diploma in Commerce at Singhania University, Jhunjhunu
|
1.50 K
Diploma in Commerce at Motiram Baburam Government Post Graduate College, Haldwani
|
1.90 Lakhs
Diploma in Commerce at Silver Oak University, Ahmedabad
|
9.30 K
Diploma in Commerce at Government Women's Polytechnic College, Kayamkulam
|
Course Subjects
For the Undergraduate Program
The undergraduate programs’ syllabus covers the basics of most of the fields of Commerce as well as allows one to pick their specializations through electives offered in the last two semesters. These electives are –
- Banking and Insurance – For those who are interested in investment banking and would like to pursue a career in it.
- Human Resources and Marketing Management – For those who want to diverge into the Human Resources departments of major companies.
- Accounting and Finance – Those interested in pursuing the careers of a finance assistant or a chartered accountant usually pick this elective.
Listed below are the core subjects that are covered through the course–
- Economics
- Finance
- Accountancy
- Cost Accountancy
- Law
- Tourism
- Information Science
For the Postgraduate Program
This two-year program is mostly research-driven and involves collaborative publications. The last two semesters are once again dedicated to pursuing electives such as -
- Accounting and Taxation – Usually deals with accounting methods that focus on taxation and has the career prospects of becoming a tax consultant.
- Banking and Insurance
Some of the main paper topics of M.Com. Course are –
- Financial Management and Policy – Deals with techniques of financial budgeting, maintenance, decision making as well as mathematical models for the same.
- Economic Analysis - Based on managerial theories, determination of demand as well as other topics related to economics.
- Accounting Theory and Practice – The general methods, standards as well as concepts of accounting.
- Marketing Management – The main concept of marketing and its link with economics.
- Organization Theory and Behavior – Structure as well as power distribution in the organization as well as different models of organization.
Careers in Commerce
Commerce is currently one of the most popular courses pursued by higher secondary graduates. The main reason for this is its diversity as well as the potential for growth. It is the kind of course that anyone can grasp if interested and always has the need for new innovative techniques and solutions. Dealing mostly with business and finance, the money-making opportunities are plenty. If one possess a logical mind and a good analytical skill, this course is the ideal choice.
Upcoming trends
Without a doubt, the biggest trend in the commerce sector at present is e-commerce. With the rapidly expanding user base in the online space, companies are striving to establish a robust presence online. Now, research is being conducted to integrate latest technologies like Voice Assistants, Artificial Intelligence, Augmented Reality, Virtual Reality, and Blockchain on the online platforms to make the experience more intimate for the customers. Development of mobile applications is also on the rise as most customers prefer accessing e-commerce platforms through their mobile devices.
Job Profiles and Top Recruiters
After a Bachelor of Commerce degree, one can go onto procuring jobs with relation to accountancy, banking, as well as tax consultancy, both in the private as well as the public sector. Upon pursuing the Masters in Commerce, the number of job opportunities as well as scope for growth increases.
Listed below are some of the most common job profiles after a Degree In Commerce -
Job Title | Description |
Manages the sales as well as a relationship with a client. | |
Sales Analyst | Studies data pertaining to sales, analyses it and comes up with strategies for their betterment. |
Deals with the stock market and investments by clients. | |
Studies and analyses market activity as well as the social demographics connected with it. | |
Analyze the problems and trends of a business as well as list down potential solutions and outcomes of business strategies. | |
Corporate Manager | Deal with the management and direction of corporate firms. |
Finance Manager | Deals with the finances of a particular company and client and makes plans for its management. |
Helps with the management and organisation of companies. |
Top Recruiters
After a course in Commerce, graduates diverge into the fields of accounting, finance, administration, economics as well as human resources. Listed below are some of the top recruiters in the above-mentioned fields –
- Ernest and Young
- LIC
- HDF
- Deloitte
- Punjab National Bank
- Citibank
- SBI
- KPMG
Average Salary
Commerce is a field that allows immense growth prospects, therefore ensuring a steady increase in the earning potential. B.Com graduates tend to have better prospects for high paying jobs upon pursuing an M.Com Degree.
Listed below are some of the common job titles along with the salaries associated with them -
Job Title | Salary (Per Annum) |
Junior Accountant | Rs. 1,75,000 |
Accountant | Rs. 2,00,000 |
Rs. 5,80,000 | |
Business Consultant | Rs. 9,00,000 |
Tax Consultant | Rs. 4,50,000 |
Operations Manager | Rs. 7,80,000 |
Stock Broker | Rs. 3,50,000 |
The salary figures mentioned anywhere in this article is just for reference purposes. Please treat them as such. Actual salaries may vary depending on respective candidates, employer, job location and numerous other factors.
Required Skillset for Commerce
Being a very business-oriented course, a candidate wanting to excel in Commerce courses must possess a good knowledge of money as well as the functioning of the finance market or must have a keen interest in learning about it. Listed here are a few skills necessary to navigate through the course with ease –
Mathematical Skills – Most of the subjects in Commerce such as accountancy and finance, require the candidate to possess a knack for mathematics.
Logical Reasoning – Being good at business requires witty thinking and making wise decisions in a limited amount of time. For this, being able to reason logically would be a necessity.
Teamwork – Good communication skills, delegation skills as well as leadership skills are essential while managing and coordinating different aspects of finance.
Alertness – One requires a sharp mind and keen attention to detail to maintain and keep track of finances while looking out for any major changes in the market.
Multitasking – A good memory of figures as well as a constant eye on the finance market, while attending to other issues at hand, is a part of the job description of a B. Com. graduate. With a hardworking spirit and an interested mind always up for learning, anyone can excel in the field of Commerce.
Popular Online Finance Courses and Certifications
Course Curriculum for Commerce
Commerce course curriculum for commerce courses is designed to acquaint the students with the core concepts of various facets of working in a corporate organisation as well as running their own businesses. Commerce students acquire in-depth knowledge of accounting, marketing, finance, operations, human resources, economics and several other essential topics. The undergraduate courses are more focused around imparting knowledge regarding all essential functions that one is expected to perform in real life scenarios.
Multiple specialisations are offered in postgraduate programs to help students identify the stream in which they wish to create a career. The curriculum is imparted through a range of tools including classroom sessions, internships, workshops, group discussions, and case studies.
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Frequently Asked Questions (FAQs)
Question: What can be done after a Masters in Commerce?
Answer :
There are several academic streams one can embark on after a masters in Commerce. These include Doctor of Philosophy (Economics or Banking and Finance), MBA, Certified Management Accountant, Chartered Accountancy, Chartered Financial Analyst.
Question: Which job has the highest salary in the field of Commerce?
Answer :
Some of the highest paid jobs in the field of Commerce are those that are obtained only after an M. Com. degree. These include Business Consultant, Investment Banker, Financial Consultant.
Question: Can a non-commerce background graduate pursue a commerce course?
Answer :
Yes. A background in Commerce, although beneficial, is not necessary for a bachelors in Commerce. All the basics of Commerce are taught from scratch in the course and thus, requires no prior knowledge.
Question: What are the career prospects available after an M.Com. Degree?
Answer :
Having a Master’s degree in Commerce, gives one an abundance of job opportunities in the field of marketing, services and project management. Most of the hiring firms are business consulting firms.
Question: Are there any specializations available in Commerce?
Answer :
The specializations available in Commerce are Banking and Insurance, Statistics, Corporate Governance, Human Resource Management, Taxation Law.
Question: What is the difference between a B. Com. As well as B. Com. Honors?
Answer :
B.Com. Honors is a more detailed course in comparison to a normal Bachelor of Commerce. Bachelor of Commerce (Honors) also deals more with specializations in comparison to Bachelor of Commerce.
Questions related to Commerce
Showing 186 out of 186 Questions
66 Views
MADRAS CHRISTIAN COLLEGE FEES FOR B. COM COURSES
Student Expert
29th Dec, 2020
Madras Christian college has roughly around 45,000 fees for the Bcom courses. Having said this, the fees might vary from year to year as bit as its a private institution.
Kindly refer to the website below to know more about the same college -
https://www.careers360.com/colleges/madras-christian-college-chennai
Best wishes. Thank you.
Answer later 86 Views
which university is best for commerce candidates and which one is for medical
25th Sep, 2019
Hi,
Here is a list of few best colleges of commerce in India -
- SRCC - Shri Ram College of Commerce
- Hindu College
- Christ University, Bangalore
- Loyola College
- St. Joseph's College of Commerce
Few best medical colleges in India
- AIIMS Delhi
- Christian Medical College, Vellore
- Maulana Azad Medical College, New Delhi
For more details regarding medical college, you can refer following link-
https://medicine.careers360.com/colleges/ranking
248 Views
I got 85.8% (best five) and 88.75% (best four) in cbse boards commerce.Which DU college can I get.Reply asap please.
29th May, 2017
You have chances to get admission in DU for Bcom course.
You can check your chances even through college predictor.
DU Commerce College Predictor
All the best!
You can check your chances even through college predictor.
DU Commerce College Predictor
All the best!
71 Views
Is there hostel and how many hostel fees ?
Student Expert
30th Jun, 2022
Hello,
Which college/course are you enquiring about?
You can check out the details of the specific college by visiting the official website only, under the section of facilities you will find the complete details, in case the admission process for this year isn't updated you can look out for the previous year fee structure to get an idea about the same, you can also write down the details in the comment box below so that your query can be addressed in more proper manner.
40 Views
Acca course is available in vidyavikas college?
11th Jul, 2022
Hello,
ACCA is a growing course recently and most of the students have shifted from CA to ACCA due to it's benefits. Unfortunately, ACCA course is not available in Vidyavikas College . However, below are the name of the colleges where you can find this course:
1) Christ University
2) Kristu Jayanti College
3) CMR University
4) Saint Joseph's College Of Commerce
5) Jain University
6) Presidency College
7) Sharda University
8) ISBR Business School
9) Srinivas University
10) Manipal University
I hope this will help you,
All the best
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