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.
Bachelor of Commerce
Master of Commerce
Bachelor of Commerce (Honours)
Master of Philosophy in Commerce
Bachelor of Commerce (Strategic Finance Honours)
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.
Rs. 1,75,000 per annum
Rs. 6,00,000 per annum
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.
- 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 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 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
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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–
- Cost Accountancy
- 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.
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. As a result, several new e-commerce portals are being launched every month, each vying for their share of the customer base. 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 -
Manages the sales as well as a relationship with a client.
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.
For Post Graduates
Analyze the problems and trends of a business as well as list down potential solutions and outcomes of business strategies.
Deal with the management and direction of corporate firms.
Deals with the finances of a particular company and client and makes plans for its management.
Helps with the management and organisation of companies.
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
- Punjab National Bank
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 -
Salary (Per Annum)
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
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.
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Frequently Asked Questions (FAQs)
Question: What is the difference between a B. Com. As well as B. Com. Honors?
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.
Question: Are there any specializations available in Commerce?
The specializations available in Commerce are
- Corporate Governance
- Human Resource Management
Question: What are the career prospects available after an M.Com. Degree?
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: Can a non-commerce background graduate pursue a commerce course?
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: Which job has the highest salary in the field of Commerce?
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: What can be done after a Masters in Commerce?
There are several academic streams one can embark on after a masters in Commerce. These include –
- Doctor of Philosophy (Economics or Banking and Finance)
- Certified Management Accountant
- Chartered Accountancy
- Chartered Financial Analyst
Questions related to Commerce
Difference between ISCs Commerce subject and CBSEs Business Studies subject and their effect on an overall Stream-wise
The main difference that arises in the ISC Commerce subjects and CBSE Business Studies is of the course content that they both comprises of. Although the former one comprises of the main subjects that are associated with the commerce field, the latter one includes few extra subjects which enhance their overall understanding of the commerce environment.
As far as career opportunities with respect to both of them are concerned, they are equally distributed.
Both are good with respect to career path and enhancing a person's whole ideas about the related subjects.
I want to know about b.com hons course in ips college indore
Indore Professional Studies Academy (IPS Academy), Indore is a reputed privately owned college with NAAC B grade. They offer Bachelors in commerce which is a three year long undergraduate degree course. The chances of getting campus placement is 50-60%. The lowest package offered for the previous year was 2-3 LPA. The top recruiters include Amazon, Flipkart, Fassi, SBI, BSNL etc.
You can find further information on the course, syllabus, fee structure and placement opportunities on the link provided below
Hope this helps and Good luck
I lost my marksheet of 10th class, 2003. How can i get original marksheet online
Just follow these steps to get duplicate CBSE Certificate,
1. Fill an application form:
2. Fill the application form carefully
3. An affidavit on Non- Judicial stamp paper of INR 10 should bd filled
4. Prepare a demand draft for the requisite amount.
5. Attach identification Certificate of a gazetted officer or principal
6. Attach the new paper declaration/ press release
7. Send it to CBSE regional office with all the mandatory documents attached.
can anybody give me more insights about B.COM (BPS) ? Which is more beneficial for US CMA...B.COM (HONS) or B.COM (BPS)??
Hello STudent, BCom BPS is a course which services as financial accountant, financial analyst, financial manager, departmental head of account accounts.
In India other than BCom honours BCom BPS salary and position is very good BCOM.BPS Bachelor of commerce business process service course introduced by TCS which offered the salary of 23.75 plus per annum.
But US CMA certified Management accountant is the highest salary job who get 799 498 rupees per month after completion of their course certified Management accountant. BCom BPS is accepted only in India but US CMA is accepted globally.
So in the context of salary US CMA course is the best among BCom BPS and BCom honours graduate.
Hope this helps.
Should I take math with commerce in 11th grade if I am weak in it
Hello student if you've to pursue any course in which math is mandatory then you can Take Maths with commerce otherwise it's not mandatory to pursue Mathematics with commerce. If you believe by putting an extra effort on math you can cover it then yes you can take it otherwise I'll suggest you to leave it because without Mathematics in Commerce you Can pursue most of the courses.
Feel free to comment if you've any doubt