IGNOU
- Fees: ₹ 18100
Degrees offered: B.Com, M.Com, B.Com(Hons), Ph.D, M.Phil.
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 of the business sector and 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.
Some of the leading colleges in India where students can study for their desired degrees are Hindu College, Presidency College, Atma Ram Sanatan Dharma College, Kirori Mal College, and Hansraj College. To apply for an undergraduate degree, students need to have completed their 10+2 with the required aggregate score. Once they have completed their UG degree, they can apply for master’s level degrees in commerce.
Some of the popular career options include Accountant, Business Consultant, Accounts Manager, Tax Consultant and Finance Consultant. The average salary of a fresh commerce graduate in India is Rs. 2.6 LPA, however, it varies depending on the company. More than 8580 colleges in India offer Commerce courses at various levels.
Particulars | Values |
Branch Name | Commerce |
Degree | UG: B.Com, B.Com Hons |
Duration | UG: 3 years PG: 2 years |
Eligibility Criteria | UG: 10+2 PG: Bachelor’s Degree in a relevant field |
Admission Process | Entrance Exam/ Direct Admission |
Average Course Fees | Rs. 60,000- 6 Lakhs |
Career Options | Accountant, Business Consultant, Accounts Manager, Tax Consultant, Finance Consultant, Business Analyst, Finance Analyst, Investment Banker, Marketing Manager |
Average Salary | Rs. 2.6 Lakhs |
Recruiting Companies | Deloitte, KPMG, EY, PWC, HSBC Bank, ICICI Bank, Bank of America, Unilever, Mckinsey, BCG, Bain and Company |
Commerce courses are provided by more than 8500 public and private universities and colleges. The fee for Commerce is typically dependent on the specific degree programme chosen by the student, as well as the type and location of the institution. Some of the top colleges in India offering Commerce are listed in the table below.
Name of the College | Fees |
Rs. 69,600 | |
Rs. 3,880 | |
Rs. 47,280 | |
Rs. 38,920 | |
Rs. 79,250 | |
Rs. 49,800 | |
Rs. 29,750 | |
Rs. 83,530 | |
Rs. 1.09 Lakhs | |
Rs. 57,800 |
Around 6300 private colleges in India offer Commerce Courses in different specialisations. Students need to appear for the entrance examination to get admission. The fee of a private institute is generally more than a government institute. In this section, we have listed the top private colleges in India along with their fees.
Name of the College | Fees |
Rs. 87,000 | |
Rs. 6,810 | |
Rs. 6,540 | |
Rs. 22,450 | |
Rs. 6,390 | |
Rs. 2.90 Lakhs | |
Rs. 3.04 Lakhs | |
Rs. 95,300 | |
Rs. 1,490 | |
Rs. 1.08 Lakhs |
Approximately 2300 government colleges in India offer commerce courses. Students can afford the tuition fees at these universities. In recent years, these colleges have excelled in academic achievement. In the table below, we have mentioned the government commerce colleges and the course fees.
Name of the College | Fees |
Rs. 29,750 | |
Rs. 31,930 | |
Rs. 1.24 Lakhs | |
Rs. 33,550 | |
Rs. 4,070 | |
Rs. 96,150 | |
Rs. 37,690 | |
Rs. 66,000 | |
Rs. 56,550 | |
Rs. 47,670 |
The eligibility criteria for a UG-level degree are mostly the same for every college. Once candidates have successfully fulfilled the eligibility requirements of the course, they can apply for admission. Below are the generic eligibility criteria required by many institutes in India for admission to UG-level Commerce degrees.
Candidates wishing to apply for a Master’s or a postgraduate degree in the field of commerce must meet the eligibility requirements of the course. Mentioned below are the general eligibility criteria for the PG courses:
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 universities for B. Com. are –
Exam Name | Level | Conducting Body | Exam Schedule |
National | NTA | ||
University | AMU | ||
University | Christ University | - | |
University | JMI | - |
The following are the most popular entrance exams held by private universities for a Master’s in Commerce degree –
Exam Name | Level | Conducting Body | Exam Schedule |
National | NTA | ||
State | KEA | - |
The scope of a commerce course is extensive. The variety of fields into which one might choose to specialise after graduation increases the employment landscape and prospects for career growth. After completing an undergraduate degree, one can dive into finance, accounting, human resources, administration as well as the banking department. All these opportunities are increased by twofold when a PG degree is pursued.
Students also have an option to pursue professional courses such as CA, CFA, CPA, FRM and others along or after graduation. Students who have an interest in management can also go for MBA programmes and seek specialisations in Finance, Business Analysis, Accounting and others.
Minimum Fees | Maximum Fees | |||
---|---|---|---|---|
Private | Government | Private | Government | |
UG | ||||
PG | ||||
DOCTORAL | ||||
DIPLOMA |
The undergraduate programmes’ syllabus covers the basics of most of the fields of Commerce as well as allows one to pick their specialisations through electives offered in the last two semesters.
Semester 1 | |
Financial Accounting | Business Laws |
Basics of Accounting | Business Organization and Management |
Semester 2 | |
Corporate Accounting | Corporate Laws |
Entrepreneurship | Finance for Non- Finance Executives |
Semester 3 | |
Human Resource Management | Income- Tax Law and Practice |
Management Principles and Applications | Human Resource Management |
Fundamentals of Marketing | - |
Semester 4 | |
Cost Accounting | Business Mathematics |
Computer Applications in Business | Business Research Methods & Analytics |
E-Filing of Returns | Leadership and Team Development |
Semester 5 | |
Principles of Marketing | Financial Management |
Management Accounting | Organisational Behaviour |
Advertising and Personal Selling | Financial Markets, Institutions, and Services |
Semester 6 | |
Auditing and Corporate Governance | Goods and Service Tax (GST) and Customs Law |
Fundamentals of Investment | Consumer Affairs and Customer Care |
Financial Reporting & Analysis | International Business |
The MCom is a two-year-long PG programme that is mostly research-driven and involves collaborative publications. The last two semesters are once again dedicated to pursuing electives such as accounting and taxation, banking, and insurance.
Semester 1 | |
Business Statistics | Advanced Management Accounting |
Managerial Economics | Financial Planning |
Organisational Behaviour | - |
Semester 2 | |
Operations Research | International Business |
Marketing Management | Advanced Financial Management and Policy |
Ethics, Corporate Governance and Sustainability | - |
Semester 3 | |
Business Research | Major Electives (2) |
Open Elective | Minor Elective |
Semester 4 | |
Strategic Management | Major Electives (2) |
Minor Elective | Open Elective |
After a Bachelor of Commerce degree, one can go on procuring jobs in accountancy, banking, as well as tax consultancy, both in the private as well as the public sector. Upon pursuing the Master in Commerce, the number of job opportunities as well as the scope for growth increases.
Listed below are some of the most common job profiles after a Degree In Commerce:
Job Title | Description |
An accountant gathers, monitors, and corrects the company's financial data to assist firms in making important financial choices. In addition to making sure financial records are accurate all year long, they are in charge of bank statement reconciliation and financial audits. | |
Sales Analyst | A Sales Analyst studies data about sales, analyses it, and comes up with strategies for their betterment. They are also responsible for monitoring and analysing competitive activity, customer, and market trends. |
A Stock Broker deals with the stock market and investments by clients. Some stockbrokers may also act as financial consultants, helping people with all aspects of finances, from choosing the right investments to personal budgeting. | |
Economists study and analyse market activity as well as the social demographics connected with it. They analyse data using mathematical models, statistical tools, and other software to interpret and forecast trends, | |
A Business Analyst analyses the problems and trends of a business as well as lists down potential solutions and outcomes of business strategies. The Business Analyst will also be involved in identifying areas for process improvement and recommending solutions to enhance operational efficiency and effectiveness. | |
Finance Manager | A Finance Manager deals with the finances of a particular company and client and makes plans for its management. He or She implements financial and accounting best practices and oversees critical accounting procedures to ensure legal compliance with financial reporting and banking regulations. |
An Operations Manager is a professional who ensures that everything runs smoothly from one day to another. They maximise processes and procedures while meeting customer expectations in terms of cost-effectiveness. |
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 the latest technologies like Voice Assistants, Artificial Intelligence, Augmented Reality and Virtual Reality, and Blockchain on online platforms to make the experience more intimate for the customers. The development of mobile applications is also on the rise as most customers prefer accessing e-commerce platforms through their mobile devices.
Some other upcoming trends include:
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 its growth potential. Dealing mostly with business and finance, the money-making opportunities are plenty. If one possesses a logical mind and a good analytical skill, this course is the ideal choice.
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 –
Commerce is a field that allows immense growth prospects, therefore ensuring a steady increase in 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. 2.2 Lakhs |
Accountant | Rs. 3.3 Lakhs |
Rs. 8.8 Lakhs | |
Business Consultant | Rs. 15.2 Lakhs |
Tax Consultant | Rs. 7.3 Lakhs |
Operations Manager | Rs. 10.8 Lakhs |
Stock Broker | Rs. 2.8 Lakhs |
Source: AmbitionBox
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 –
The 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.
Multiple specialisations are offered in postgraduate programmes 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. Some subjects taught are as follows:
Answer :
The fee for the B.Com course at Sri Agrasen Kanya PG College Varanasi is Rs 46.80 K.
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The BA course at Mrs. Kesharbai Sonajirao Kshirsagar Alias Kaku Arts Science and Commerce College, Beed, has 600 available seats.
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Admission at Mrs. Kesharbai Sonajirao Kshirsagar Alias Kaku Arts Science and Commerce College, Beed, is determined by past academic performance.
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Yes, candidates are required to pay the admission fee at Mrs. Kesharbai Sonajirao Kshirsagar Alias Kaku Arts Science and Commerce College, Beed, post document verification.
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You can obtain the application form from the college or fill it out online, then submit it as per the guidelines.
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For undergraduate courses at Mrs. Kesharbai Sonajirao Kshirsagar Alias Kaku Arts Science and Commerce College, Beed, eligibility requires passing Higher Secondary/Intermediate (10+2) or equivalent exams.
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The B.Com course fee at Mrs. Kesharbai Sonajirao Kshirsagar Alias Kaku Arts Science and Commerce College, Beed is Rs. 70,900.
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The eligibility criteria for the BA course at Mrs. Kesharbai Sonajirao Kshirsagar Alias Kaku Arts Science and Commerce College, Beed is passing 10+2 or equivalent.
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The postgraduate courses available at Mrs. Kesharbai Sonajirao Kshirsagar Alias Kaku Arts Science and Commerce College, Beed include an MA and M.Sc.
Answer :
The undergraduate courses at Mrs. Kesharbai Sonajirao Kshirsagar Alias Kaku Arts Science and Commerce College, Beed have a duration of three years.
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The undergraduate courses offered at Mrs. Kesharbai Sonajirao Kshirsagar Alias Kaku Arts Science and Commerce College, Beed include BA, B.Com, and B.Sc.
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Mrs. Kesharbai Sonajirao Kshirsagar Alias Kaku Arts Science and Commerce College, Beed is located at XQP2+F64, Driving School St, Shivajinagar, Beed, Maharashtra 431122.
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Facilities at Mrs. Kesharbai Sonajirao Kshirsagar Alias Kaku Arts Science and Commerce College, Beed include laboratories, a library, IT infrastructure, medical services, wifi, parking, hostel, gym, guest room, alumni associations, auditorium, cafeteria, and sports amenities.
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Mrs. Kesharbai Sonajirao Kshirsagar Alias Kaku Arts Science and Commerce College, Beed is affiliated with Dr. Babasaheb Ambedkar Marathwada University, Aurangabad.
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Mrs. Kesharbai Sonajirao Kshirsagar Alias Kaku Arts Science and Commerce College, Beed is a private college.
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Mrs. Kesharbai Sonajirao Kshirsagar Alias Kaku Arts Science and Commerce College, Beed was established in 1971.
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B.Com. honours is a more detailed course in comparison to a normal Bachelor of Commerce. Bachelor of Commerce (honours) also deals more with specialisations in comparison to Bachelor of Commerce.
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The specialisations available in Commerce are Banking and Insurance, Statistics, Corporate Governance, Human Resource Management, Taxation Law.
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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.
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Yes. A background in Commerce, although beneficial, is not necessary for a bachelor in Commerce. All the basics of Commerce are taught from scratch in the course and thus, require no prior knowledge.
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There are several academic streams one can embark on after a master's in Commerce. These include Doctor of Philosophy (Economics or Banking and Finance), MBA, Certified Management Accountant, Chartered Accountancy, and Chartered Financial Analyst.
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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 Consultants, Investment Bankers, and Financial Consultants.
Yes, many CBSE schools offer Applied Mathematics as an optional subject within the Commerce stream for Class 11. Applied Mathematics is designed for students who want to develop analytical and quantitative skills related to commerce, economics, and social sciences, but don't want to pursue the standard Mathematics course designed for science students. However, it's always best to confirm with the specific school you're interested in, as subject offerings can vary.
Here's why Applied Mathematics is offered and what it entails:
Bridging the gap:
Applied Mathematics was introduced by the CBSE to provide a more relevant math option for students pursuing Commerce and Humanities, as the standard Mathematics curriculum is often seen as more geared towards Science students.
Practical applications:
Applied Mathematics focuses on the practical application of mathematical and statistical tools in fields like Commerce, economics, and social sciences.
Career options:
Studying Applied Mathematics can be beneficial for students interested in careers in management, finance, economics, business studies, and related fields.
Subject availability:
While Applied Mathematics is becoming increasingly common, some schools may still offer it as a fifth subject, so it's important to check with the school to confirm its availability and whether it is part of their standard subject combinations.
Hello aspirant,
The monthly fee for Class 11 Commerce varies depending on the type of school and location. In government schools, education is mostly free or has minimal charges, usually below 500 per month. In private schools, fees can range from 2,000 to 10,000 per month depending on the city, facilities, and board (CBSE, ICSE, or State Board). Schools in metro cities and reputed institutions generally charge more. Additional costs like books, uniforms, transport, and coaching may apply separately. It’s best to contact the school directly for the exact fee structure.
Hello Aspirant,
If you passed 12th Commerce with 54%, you are eligible for admission to B.N.N. College for B. Com, since most colleges will accept you based on minimum passing criteria. The final admission would depend on the cut-off of the college that year, the reservation criteria as applicable, and the number of seats in the college. You should contact the college admission office or visit its website for latest communication.
To get admitted into Class 12 in the commerce stream, you generally need to have completed and passed Class 11 from a recognized board, with a minimum percentage (usually 50-60%). Some institutions might require entrance exams like CUET or accept merit scores based on your Class 12 results. You'll need to submit an application form with relevant documents like your Class 11/12 mark sheet and ID proof.
It sounds like you're interested in business and financial management but also have a passion for aviation. It's understandable to feel confused, but there are ways to combine these interests. While Commerce offers a strong foundation in business, and Science can lead to aviation-related fields, it's possible to pursue your interests in either stream and still achieve your goals of early retirement and passive income.
Here's a breakdown to help you decide:
1. Commerce:
Focus:
Business, finance, accounting, economics, and management.
Career Paths:
Accounting, finance, banking, entrepreneurship, and potentially aviation-related roles in business operations or management.
Pros:
Strong foundation for business-oriented careers, potential for high-paying finance and investment roles.
Cons:
Might feel restrictive if you're very interested in the technical side of aviation.
Retirement Focus:
Studying finance and investment can help you build wealth and create passive income streams.
2. Science:
Focus:
Technical aspects of aviation, engineering, physics, and potentially related fields like aerospace engineering.
Career Paths:
Aviation engineering, piloting, air traffic control, or research related to aviation technology.
Pros:
Directly related to your interest in aircraft and could lead to specialized and potentially high-paying aviation careers.
Cons:
Might not offer the same depth of business knowledge as Commerce.
Retirement Focus:
You could explore opportunities for high-income careers in aviation, allowing for faster accumulation of wealth for retirement.
3. Combining Your Interests:
Consider a Dual Approach:
You could pursue a Science degree with a minor in Business or an MBA after your Science degree to gain business expertise.
Explore Aviation-Related Business Roles:
Look for roles in aviation companies that involve business management, finance, or operations.
Invest in Your Passion:
Even if you choose a Commerce stream, you can still invest in aviation-related assets like stocks or explore opportunities in aviation-related businesses.
4. Addressing Your Concerns:
"Burning fields" and "CA stuff":
While some commerce careers involve intensive work, not all do. Many opportunities exist for work-life balance and passive income generation.
Passive Income:
Both Commerce and Science offer paths to passive income. Commerce provides more direct routes through financial investments and business ventures, while Science can lead to high-paying careers with good savings potential for investment.
Making the Right Decision:
Ultimately, the right decision depends on your priorities and long-term goals. Consider your strengths, interests, and career aspirations.
Recommendations:
1. Talk to Professionals:
Speak with career counselors, financial advisors, and professionals in both Commerce and Science fields (especially aviation).
2. Shadow Professionals:
Spend time observing people working in fields that interest you.
3. Assess Your Skills:
Identify your strengths and weaknesses in both Science and Commerce-related subjects.
4. Explore Your Options:
Research different career paths within both fields to see which ones align best with your interests and goals.
By taking the time to explore your options and assess your strengths, you can make an informed decision that aligns with your aspirations for a fulfilling and financially successful future.
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