Hello all this is Raisa george from freshersworld.com
Welcome to our video channel on jobs and careers
Today I will be talking about the career opportunities in B.com
B COM is a bachelor’s degree of commerce.
It is an undergraduate degree also known as
Bachelor of commerce and Administration or
BCA. This degree is a three year full time
course in commerce and the related subjects.
Students can pursue this degree after completing
their plus two. Commerce now days are the
first choice after sciences because of the variety of streams it opens ahead.
The students opting this degree are exposed
to the learning of managerial skills, building
competence in particular area of business
and the diverse other subjects such as:
Accounting: This subject in commerce deals
with preparation of final accounts of the
companies, balance sheets, profit and loss
statements, calculating shares and debentures
or the goodwill of the companies etc.
Finance: This subject would explain about
the financial analysis, managing the working
capital of the companies and its related components.
Business economics, Statistics: It covers
the concepts like demand and supply laws,
theories of pricing, elasticity and the returns
under different market conditions.
Human Resources: This would basically include
the concepts of managing, operating, leading,
guiding and recruiting the staff of the companies.
Marketing: This subject would explain about
the pricing, promotional, distribution, advertising
and the contact building methods relating
the products and services extended by the
company.
Audit: This would include verification of
liquid transactions, assets and liabilities,
preparing audits for other organisations like
the hotels, hospitals, clubs and son on.
Business law: This subject would deal with
different laws pertaining to the companies,
the code of conduct or the laws relating to
the companies act.
The students can pursue M. Com but only after
completing graduation successfully from the
recognised university.
The other courses one can step into after
12 are as follows:
• Finance and Banking: There are both Public
and private sector banks in India. Career
in both the bank types is quiet lucrative.
The students from the field of commerce can
prefer to continue with bank jobs. There are
number of colleges and universities in India
that offer bachelor degree in banking including
specialisation in equity debts, strategic
planning, financing, banking communications
and so on. The fees of these courses depend
from college to college. The private colleges
may charge a hefty amount while the public
will charge less.
• Chartered Accountancy (CA): Chartered
accountancy is also one of the best career
options that provide best job opportunities
both at private and public organizations.
According to the companies act, only CA’s
are entitled to audit the reports of the companies.
In order to pursue CA, one has to be the member
of Institute of chartered accountants of India
(ICAI). This is the only institute which provides
students with certificate of CA. After completing
all the practical and theoretical rounds of
CA conducted by ICAI, one successfully becomes
CA. There are further courses in Chartered
accountancy like Common Proficiency Test,
Integrated professional competence course,
CA final and so on. The Fee structure for
CPT course is about Rs 6700 while that of
IPCC is about Rs 9000.
• Company Secretary (CS): Company secretary’s
fundamental task is to provide guidance and
advise on all the legal matters of the company
and also to ensure the company is following
all the norms, regulations imposed on it by
the government. To become a CS one should
have interest in coordinating different departments
of conglomerates in a company. The Institute
of Company Secretaries of India (ICSI) offers
this course. To become a CS, one has to successfully
pass the following examinations like the foundation
course, the intermediate course and the final
course. After completing all the above three,
an individual has to undergo practical training
and after finally completing all, one becomes
the professional member of ICSI.
• Stock Broking: If you are highly passionate
about understanding the Sensex work, handling
company’s finances, then stock broking is
a good career choice for you. A stock broker
mainly deals with selling and buying of shares,
updating their clients about fluctuations
in the market and also guides them when to
buy or sell their shares, keeping in view
that company’s profit increases in the near
future. Qualification required to be a stock
broker is graduation with minimum two years
of experience in any firm. Not just being
a stock broker is an option, rather if one
knows ins and outs of the financial markets;
one can also have the option of becoming analysts,
market specialist or a financial manager.
As such there are no specialised courses;
one needs to have basic knowledge in the field
of business, commerce and economics. Some
of the colleges with stock broking courses
are:
Institute of capital market development, New
Delhi
All India Centre for capital market studies,
Nashik
Mumbai stock exchange training institute
The Orion Institute of capital market, New
Delhi
The UTI Institute of capital market, Mumbai
• Agriculture economics: It is a field that
combines all the micro and macro factors of
agriculture, crops, weather conditions, animals
and the farm resources. It vastly deals with
the agricultural issues but not just limited
to logistics, farm resources, supply and the
output. The one dealing in agriculture economics
has to go through plethora of factors like
crop pricing, animal health, studying weather
effects on crops, determining the buying and
selling patterns and the consumer preferences.
In order to enrol in such a course, one has
to study B.SC in agricultural economics with
the related subjects. A degree in agriculture
economics also opens other ventures for an
individual like veterinary management, medicine,
management of farms, agriculture consultants
and so on. After pursuing this degree, one
can choose to work either in private or any
government organisation. If not, one can also
work as an independent consultant in sale
and appraisal. Some of the colleges in India
are:
University of Allahabad
Indian Agricultural Research Institute
University of Agricultural sciences.
Apart from the above, students can also specialise
in (BAF) Bachelors in accountancy and Finance,
Bachelors in Banking and Insurance (BBI),
(BFM) Bachelors in Financial Markets. There
are colleges in abroad too which offers all
above courses. After pursuing the commerce
degree, one is entitled to work in both public
and private organisations as Auditors, Managers,
specialist, management executive, consultant,
financial adviser, account executive, junior
accountant, charter accountant, company secretary,
entrepreneur, stock broker, legal adviser,
agricultural adviser etc. Not just this, one
also has an option of working as a teacher,
lecturer or professor after completing higher
studies.
The companies or organizations that hire graduates
from this domain are:
• Banks (both public and private)
• Small business firms
• Big business firms
• MNC’s
• BPO’s
• Public organisations
• Software industries
• TNC’s
The graduates from the field of commerce can
get from Rs 15000 – Rs 20,000 per month,
depending upon the field of specialisation
and the institute.
After pursuing graduation in any of the course,
one can continue with MA in that particular
course. Say after B.CA, one can do M.CA, B.COM
then M.COM, BSC then MSC or one can even go
for MBA either in marketing, finance etc.
Post-graduation degree increases the chances
of growth, promotion and the remuneration
for the individual.
There are many colleges and institute that
offers commerce degrees:
• Loyola college, Chennai
• Presidency College, Chennai
• Sri Ram College of commerce, Delhi
• St. Xavier’s College, Kolkata
• Symbiosis Society’s College of Arts
& Commerce, Pune
• BM College of Commerce, Pune
• St. Xavier’s Mumbai
• College of Commerce, Patna
For more information regarding this career
field, students can log on to number one career
portal www.freshersworld.com
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