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Career Trend 2020 : Importance Of A Degree In Commerce

Commerce programs offer significant flexibility and diversity for students. Students will acquire the skills and knowledge to meet the challenges of a changing business environment, develop the ability to critically analyze emerging business issues, and be exposed to scholarly research in the national and global business arena. Achieving these academic and professional qualities will lead you to a wide range of business related professions and careers, or progress to more advanced studies.<br>

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Career Trend 2020 : Importance Of A Degree In Commerce

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  1. Career Trend 2020 : Importance Of A Degree In Commerce- Commerce: Commerce programs offer significant flexibility and diversity for students. Students will acquire the skills and knowledge to meet the challenges of a changing business environment, develop the ability to critically analyse emerging business issues, and be exposed to scholarly research in the national and global business arena. Achieving these academic and professional qualities will lead you to a wide range of business related professions and careers, or progress to more advanced studies. Business Information Systems programs equip graduates and professionals from any discipline to become evidence-based decision makers, innovative problem solvers, responsible social citizens, and future leaders.

  2. B.Com & M.Com: BCom or Bachelor of Commerce is a three-year undergraduate course imparted in regular as well as distance education mode. BCom is the second most popular undergraduate course in the Commerce branch. Under BCom, there are three most popular courses, namely BCom or BCom-General, BCom (Honours) and BCom LLB. The BCom or BCom-General is also referred to as BCom-Pass by many universities. Masters of Commerce or MCom is a post graduate level course, ideal for candidates who wish to make a career in banking financial services and insurance (BFSI) as well as accounting and commerce sectors. The 2-year course delves deeper into the functioning of the economy, capital, revenue, trade, taxes, etc. taught in BCom. Eligibility Criteria for Application in B.Com and M.Com: Unlike technical and vocational courses, BCom is offered by almost all the universities and colleges in India in regular as well as distance education mode. Eligibility criteria for BCom course:

  3. The candidate must have studied Commerce in class 11 and 12 with Accountancy, Business Studies, Economics, Maths/optional subject and English as main subjects.The candidate must meet the minimum cut-off criteria for admission to the college applied to.The minimum cut off marks criteria may be different in each college/university as it is subject to the college/university’s own admission criteria for that year. Minimum eligibility criteria for MCom is a minimum of 50% marks in aggregate in BCom or BCom (Honours) or equivalent from a recognized university.Some universities also induct students who have completed Economics (H), BBS, BFIA and BBE with a minimum score of 60% in aggregate or equivalent. Average course fees for this course across West Bengal and other places in India: BCom course is available in many of the colleges all over India. The average fee to pursue the BCom course is around INR 50,000 per year. M.Com course fee might vary with institutes. M.Com average course fee is INR 5,000 to INR 1 Lakh per annum.

  4. Diverse Career Opportunities: In today’s world, getting a B.Com degree is compulsory for a commerce student, but it is not enough. It is not easy to find high paying jobs for B.Com graduates. One has to take up post-graduation or professional certificate to have a well-established career after completing their B.Com degree.  There are several career options available to students after completing a graduate degree in Commerce but not all students are aware of the different routes they can take to establish a successful career. Let’s discuss the available career options after B.Com and M.Com that you might consider for a stable job opportunity in the future. Master of Business Administration (MBA) Chartered Accountancy (CA) Company Secretary (CS) Master of Commerce (M.Com)

  5. Chartered Financial Analyst (CFA) Business Accounting and Taxation (BAT) Certified Management Accountant (CMA) Financial Risk Manager (FRM) Association of Chartered Certified Accountants (ACCA) Certified Financial Planner Certificate in Investment Banking (CIB) Digital Marketer

  6. Average pay Package: The salary of M.Com holders is good in government & private sector organizations. As a fresher, you will get a pay approx. Rs. 20,000 to Rs. 30, 000 per month. The salary will be increased on the basis of your promotions, proficiency, experience, etc. Teaching field is also another lucrative career option for the M.Com degree holder. In the teaching field, you will get a handsome salary. In abroad, the salary of M.Com degree holders is much higher than paid in India.  Career options for commerce students are vast and you will always have interesting profiles to work at if you play to your strengths. While many B.Com graduates choose the much tried and tested path of CA, CS and other related fields of study, one has ample of the opportunity to choose an out-of-the-box career option, as one in travel and hospitality, depending on the path and degree one chooses.

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