Commerce

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.

Course Highlights

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’s of Commerce, the candidate must have a degree in either Bachelors 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 Exam

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.
  
  
• DUET – Delhi University Entrance Test is accepted by 17 colleges for admission.
  
  
• Jamia Milia Islamia Entrance Exam – This exam is conducted for application into bachelors, masters, Ph.D. as well Master’s 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 –

• DUET (Delhi University Entrance Exam)
  
  
• BHU PET (Banaras Hindu University Post Graduate Entrance Test) – This is a national level entrance test written for admission into a postgraduate course.
  
  
• CUCET (Central Universities Common Entrance Test) – This is an All India Level test that is conducted in each state for admissions into their universities.

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.

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.