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A Bachelor of Commerce (baccalaureus commercii, abbreviated B.Com. or B.Comm.) is an undergraduate degree in commerce (or Business) and related subjects, usually awarded in Canada, Australia, India, Ireland, New Zealand, South Africa and other Commonwealth countries.
You are all now in the first, second or third year B.Com. Degree. You will be spending next few years working towards achieving the privilege of using B.Com. after your name. But, what are you actually going to do with it? If you go through the newspapers, internet, you will discover a list of organizations recruiting for job activities. You will also notice that these job activities do not have a specific degree listed, because these organizations are looking for a variety of degrees and skills for the job activity. Commerce graduates are preferred because they fit into a variety of job activities. The choice and opportunities are endless and depend on your interests, application and perhaps some luck. You may already have decided how you intend to use your degree in your future career but many of you may still be waiting for that "bolt of lighting". So, What can I do with my degree – is the big question? B.Com. graduates are placed at an advantage when it comes to the options that are available to all graduates be it B.A., B.Sc., B.B.M., B.B.A. etc. The numerous options for B.Com. graduates are: Becoming accountants, auditors, information systems officers, taxation specialists and customer relationship officers: in the Accounting and Computer Profession, in the Finance and Banking Industry, in the Corporate Sector and at all levels of the Public Sector. Your job may include – administration, credit control, hospitality, management, business planning and development, production planning and control, purchasing, inventory control, service delivery, quality management, marketing, retail sales and travel and tourism. Careers with numbers – Accounting – it is sometimes called the language of business. In strict terms, Accounting involves communication of specialized information that helps people make management and investment decisions concerning public or private sector organizations. The major role of an Accountant is to measure, interpret and communicate information, which is relevant to these decisions. The field of Accounting offers stimulating and challenging work that is constantly evolving. Because Accountants spend a lot of time looking under the hoods of businesses, they really learn how business works. Your careers as an Auditor – includes checking accounting ledgers and financial statements within corporations and Government. Audit is the bread and butter work of Accounting. It can involve significant travel and allows you to really understand how money is being made in the company that you are analyzing. B.Com. Graduates are preferred in the H.R. Department in all areas of Corporate Sector, Tourism, Hospitals and Hotel Industry — because H.R. professionals should have the fundamental knowledge of finance, marketing, operations and systems, budgeting and business planning and also need to understand the language of Business manager. Commerce graduate having studied marketing and marketing management can also take to management, consultation, product management, market research, and public relations — in the Promotional and Advertising Sectors. Being your own boss in Direct Selling or Network Marketing where you realize the benefits of being on your own, — working from the comfort of your own home — is another options for those who want to be independent. Selling products through telephone is not new but it is now gathering phenomenal momentum, opening up hundreds of job each month. Careers in Market Research – The essence of the market research industry is to enable companies to reduce risk when they take important decisions in the market. Research department or the interpretation department comprises M.B.A.'s who actually design the study, deal with the clients, present research findings make recommendations and act as account managers responsible for handling a part of the whole research project. For quantitative research, a background in Economics, Commerce, Engineering, Mathematics, Statistics along with an M.B.A. is preferred. The more recent opening is the B.P.O. – Business Process Outsourcing. In simple terms B.P.O. means delegating back-end administrative functions that are necessary to run a business but are not a part of the core business. B.P.O. includes: — customer service interaction, call centers, back office operations for institutions like banking, revenue, market research and insurance. These jobs require decision-making capabilities, knowledge of Banking, Insurance, Accounting and Human Resource Management. Such institutions or companies find the knowledge and skill requirements in Commerce Graduates. The profile of the future banker has indeed undergone a sea change. He/she is no longer just a faceless figure behind desk checking accounts. They now need to don the mantle of full-fledged customer service personnel, a marketing expert working towards customer delight. For those who choose to build a career in the banking sector, the range of opportunities is as diverse as the entire field of financial services. Today, the work environment can be best described as friendly and open. A career in foreign and private banks may offer a stimulating work environment. It will also enable continuous training and independent decision-making. There are several areas in the banking sector – Retail banking and Wholesale banking, International banking, Risk management, Project finance, Banking strategy and new products development, Treasury functions. A B.Com. is an excellent starting point as an undergraduate and Banking, Finance, Statistics, Economics, Mathematics are extremely useful subject. Careers in Rural Management – it's all about going back to our villages, the basic unit of Indian life. For those who want to be part of organizations with a difference and with a vision of real empowerment and economic upliftment of rural India, rural management courses offer an ideal choice. Re-skilling rural India is as much an opportunity as a challenge. The rural sector needs action-centered ideas in fields such as development, administration, agricultural input marketing, rural product selling, rural credit etc. Opportunities also exist with multinationals, which are trying to get entry into the huge, untapped rural markets. Students can work in rural enterprises as policy makers, managers, analysts and consultants advising operational efficiency and improvement. Well, if you would like to be in the thick of the financial world, talk numbers – take Stock Broking – this is a career for you. There are a whole lot of people involved in the field including the dealing room, the operations, compliance, research, and sales. Most of the time young and fresh people are taken into sales, research and operations function. A stock broking firm is divided into three parts - Customer interface, Research department, Back office functions. You need subjects like Mathematics, Commerce and Economics and atleast elementary Finance. This would help you qualify for most functions, although of course, if you have advanced training, in Statistics, advanced Finance, you are better suited to even the bigger brokerage houses. The economy's opening up has changed the Insurance Sector unrecognizable and made it a career area with almost unlimited potential. The Insurance Industry is emerging as one of the largest employers in the country today with varied employment opportunities within companies that range from sales to back office. Privatization of the Insurance Sector promises exciting employment opportunities for specialists. However, commerce graduates will also find profitable openings in this field as agents or in various capacities in the large number of insurance and banking companies that have recently started Insurance Business. B.Com. graduates can take off to a great career in Travel and Tourism. With their knowledge of costing, H.R., marketing, accounting — they can advice client on suitable options, plan and prepare cost itineraries and also help customers with foreign exchange transaction and insurance. There is also an opening in the Fashion and Garment Industry where a knowledge of Costing is required. Event Management is another very innovative industry. Commerce graduates study a wide variety of subjects that help — in planning, marketing, sales, people skills, management and finance. Event Management includes — a range of services like Brand Launching, live shows, conference staging, exhibitions, retail merchandising, fashion shows, materials management, delegate management, event marketing etc. The flexibility of the B.Com. Degree allows you to work in your choice of the management, development, investment, sales or valuation sectors of the Property Industry. Entrepreneurship, another option, is not just about making money. It is about initiative, imagination, flexibility, creativity and the capacity to see change as an opportunity. Some of the world's greatest entrepreneurs like Michael Dell started a computer company in his college dorm room and Hewlett Packard started off from a house garage. A recent report estimates that India needs at least 8,000 new businesses, and in the next ten years, 110 to 130 million citizens will be searching for jobs. Traditional large employers including the government will find it difficult to sustain this level of employment in future – it is the entrepreneur who will create new jobs and opportunities, and contribute to the economy. So, start generating ideas and let your mind be open to all possibilities. Commerce graduates are better suited as some of the skills needed to be an entrepreneur are — people skills, knowledge of financial management, understanding of the markets and ability to plan and act. The role of a lawyer has undergone a transformation reflecting the convergence of disciplines happening in all career fields today. You are not just a lawyer today; you are a business adviser and in many cases a deal maker as well. Competing for the Civil Services can be a gut-wrenching, heart-breaking experience. Especially, if your sight is fixed on the crown, or the top three services. However, there are about 25 services in the Central Services – Audit and Accounts, Post and Telegraphs, Custom and Central Excise. Civil Accounts, Revenue Services are some that will suit a commerce graduate. Commerce graduates can also pursue higher education and specialize in several areas like M.Com., M.B.A., M.C.A., C.A., Cost Accountants etc. and get into top and middle management levels in corporate and public sector. A law degree goes well with the commerce degree and one can take up private practice or join a firm specializing in tax laws. The importance of commerce education has increased because of the several opportunities available to them, and so too the need for Commerce Lecturers and Teachers. Maybe you can comeback to your College as a Commerce Lecturer. Commerce Graduates have good employment prospects. The choice is yours, look at all the opportunities, ask questions and seek advice. There is almost no area of business today where your analytical, accounting, H.R. and research skills cannot be used. You will realize that you have made the right choice of doing your B.Com. Degree. No other degree has the advantage you have in the job market. You learn a variety of subjects and develop skills best suited for today's globalized business requirements. No matter what you do after B.Com./higher education, I would like to conclude with this quote from Blessed Mother Teresa "At the moment of death, we will not be judged according to the number of good deeds we have done or by the diplomas we have received in our lifetime. We will be judged according to the love we have put into our work."
Hours per week:
Advice for students:
study tips,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Pick up previous years papers. Start solving them Retrograde- paper wise or Anterograde-chapter/topic wise. For this go through these papers and select topics based on frequency of repetition.edit:a topic even asked once as a medium to long answer question has to be done. Whichever way you chose, read question from these papers and prepare the answer from your book that you've read. Include diagrams, charts, tables, classifications etc this decreasing theory. Further minimise theory by converting to flow chart or answering in points with headings and sub headings (more applicable for theoretical questions). For analytical/calculative subjectsDo similar questions from other question banks. Do these subjects preferably on a daily basis. Few fixed hours daily, if possible. Once you've mastered your previous questions/books always tyre to move over to some higher study material, maybe similar questions from ca/cs/mcom books. Must do all solved examples and problems from your basic books. Revise important concepts/points daily (separate them out, subject wise) Do 2 subjects daily (weak subjects more time+strong less time, format) Study very very very much.... 10,12,14 hrs n beyond... There should be no limit.