Commerce

Commerce

Degrees offered: B.A., B.B.A, B.Com, B.Com(Hons), B.M.S, B.Sc., B.Voc.

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

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% 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’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.

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 organizing 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
645
B.Com in Commerce at ZA Islamia PG College, Siwan
705
B.Com in Commerce at Government Balasaheb Deshpande College, Kunkuri
10.00 Lakhs
Dual Degree in Commerce at ISBR College, Bangalore
2.78 Lakhs
B.Com(Hons) in Commerce at Guru Nanak Dev University, Amritsar
PG
1.20 K
M.Com in Commerce at Queen Mary's College, Chennai
628
M.Phil. in Commerce at Rani Anna Government College for Women, Tirunelveli
4.30 Lakhs
M.Com in Commerce at ISBR Business School, Bangalore
1.81 Lakhs
M.Com in Commerce at Guru Nanak Dev University, Amritsar
DOCTORAL
32.17 K
Ph.D in Commerce at Ramanand Arya DAV College, Mumbai
9.21 K
Ph.D in Commerce at Government Dungar College, Bikaner
12.90 Lakhs
Ph.D in Commerce at NIILM University, Kaithal
72.80 K
Ph.D in Commerce at IIS University, Jaipur
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
56.00 K
Diploma in Commerce at Jharkhand Rai University, Ranchi
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 an 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.

Job Profiles and Top Recruiters

Job Profiles

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

 

For Undergraduates

 

1.

Accountant

Manages the sales as well as a relationship with a client.

2.

Sales Analyst

Studies data pertaining to sales, analyses it and comes up with strategies for their betterment.

3.

Stock Broker

Deals with the stock market and investments by clients.

4.

Economist

Studies and analyses market activity as well as the social demographics connected with it.

 

For Post Graduates

 

1.

Business Analyst

Analyze the problems and trends of a business as well as list down potential solutions and outcomes of business strategies.

2.

Corporate Manager

Deal with the management and direction of corporate firms.

3.

Finance Manager

Deals with the finances of a particular company and client and makes plans for its management.

4.

Operations Manager

Helps with the management and organization 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

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.

Course Curriculum for Commerce

The 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.

Questions related to Commerce

Showing 119 out of 119 Questions
9 Views

fees of m.com first year i want to do m.com from harsahai

shreya27200 26th Oct, 2020

Hello,

M.Com is a two year full/part time postgraduate level degree programme offered by Harsahai pg college, Kanpur. This is a private , affiliated college with an accreditation of B from NAAC. total number of seats is 120 for M.Com. the mode of admission is through merit screening based on marks obtained by candidates in graduation. The fees for this programme is around 4,000 INR Per annum.

For further assistance, you may follow the link provided below:

https://www.careers360.com/colleges/har-sahai-mahavidyalaya-kanpur/courses?degree=59

40 Views

Hello, please Help me For some information about re-opening my college .(Swami Vivekananda Commerce College Ratlam).

Yash Dev Student Expert 30th Sep, 2020

Hello student I request you to please don't share mobile number on any public platform as someone might misused it. Currently even if your principal wish to open college he can't as it's totally up to the government authorities until unless they allow to open colleges /university, colleges won't reopen.

Feel free to comment if you've any doubt

Good luck

9 Views

i am so worried i dont have job.

Ayona 23rd Sep, 2020

Hello,

Don't get worry! We are here to help you.. As you haven't mentioned your qualifications and your areas of interests where you can apply for the job. For any job, you need to have 10+2 marksheet and your graduation documents.

Tell us about more information regarding this surely we can help you out in any case.


27 Views

i got 167 score can any one pls tell 167 = which rank

priyanksaini318 23rd Sep, 2020

Hi

You need to tell me the examination for which you want to get rank predicted else we won't be able to help you.

Try framing your question better and I will be very happy to answer to any of your queries

9 Views

how to change email id in collage application form online

14bce106 6th Sep, 2020

Hi Aspirant,



In any application form there is always a scope of edit application. We can edit the application by entering credential.

If edit option is not available. Then you can check on helpline number and inform them to do the needful.


Hope it will be helpful to clear your dilemma.

The question have been saved in answer later, you can access it from your profile anytime. Access now

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