Multiple Benefits of Commerce Education

The financial strength of every country is the main pillar for supporting other sectors like infrastructural sector, development sector, innovation research development, and education. When a country has good business and financial strength then other sectors have good investment too.  Commerce is best for improving the business and financial power of the country and B.com. (Bachelor of Commerce) is a very important degree in Commerce education. 

The B.Com course is designed to improve the ability of a person to learn and develop skills for solving problems and to set a foundation for a career in the commerce sector. A B.Com graduate has endless opportunities to better his prospects depending on his/her interests as well as applications.

B.Com. is a three years undergraduate course that deals with Principles of Accounting, Management, Marketing, Banking, and Finance. Students who have completed their higher secondary education (12th) from a recognized board are eligible to apply for this course. Generally, B.Com. admissions are fulfilled based on percentage by a candidate in the 12th standard. 

Some of the popular BCom specializations include -

• Honors

• Taxation

• Computer Applications

• Foreign Trade

• Plain ( Economics)

B.Com. Hons.

On the basis of corporate reputation and demand, B.Com (Hons) has an edge over simple B.Com degree. The honors course is more detailed and prepares students for business, economics, and corporate demands. Specialized skill sets in areas such as accounting, finance, taxation; are imparted. A B.Com Hons. student is better prepared to work in a career focused on financial and civil services.

B.Com. Taxation

B.Com. (Taxation) is a degree program in which the primary focus is on the systematic study of the concepts in the specialized subjects and topics related to the fields of taxation that covers all types of taxes including Income tax, GST, Customs duty, Property tax, and various taxation laws. The course is valuable in economic fields in many spheres.

Every specialisation provides multiple benefits to the student which includes:

Value Addition: Students who have opted to study for a B.Com degree should plan and add value to their degree with certification and diploma courses. They can acquire a professional qualification like Chartered Accountancy, Chartered Financial Analyst, Cost Accountancy, SAP certification, Tally, Financial Modeling, Digital marketing, etc.

Placements: The campus placement is very important for UG students. If the course curriculum is not job oriented then institutional programs like personality development course, aptitude learning, internship programs, various types of diploma, and certification courses make this program job oriented. Due to various job profiles and job areas to choose from, students will be able to earn a decent salary package. The salary may vary from one domain to another. Moreover, if students have any previous experience then that will help in getting a lucrative pay opportunity. The average salary will be around INR 4.44 to 7 LPA.

Diverse Job Opportunities: After graduation students get the opportunity to work in sectors like accounting and auditing, tax advisory services, financial services, commercial banking, international banking, insurance services, telecommunication services and bpo's, manufacturing services, government services, other sectors includes automobile, hospitality, media, information technology services. B.Com offers various job profiles and job areas where a person can work after completing their degree. Some notable designations are - administrator, auditor, accountant, operations manager, financial analyst, digital manager, sales officer, and many more.

Salary: A B.Com. student gets a chance to explore jobs in various industries like - banks, corporates, business consultancies, educational institutes, accounting & tax consultancy firms, marketing firms, sales and marketing, human resources, etc. after graduation.

Top Recruiters: Students with a Bachelor of Commerce degree get the opportunity to work with several top companies like L&T, TCS, ICICI Bank, Canara Bank, Digiversal, Rockfort IT Service, Ultria Software, and many more.

Entrepreneurship: After completing the course many choose to be an entrepreneur. This is because a B.Com. graduate has knowledge about accounts, tax, marketing, finance, and insurance which aids them in setting up a business and work towards achieving their goal of being a successful entrepreneur.

Infrastructure: The campus should be attractive, environment safe, and have all types of facilities like classrooms, IT center, auditorium, seminar hall, sports complex, healthcare, hostel, utility centers, wi-fi, tasty and healthy food in the canteen, the well-equipped library should make the institute well competent for students. Events like annual sports meet, inter-college competitions, cultural activities, festivals and all events should be celebrated together to encourage the nurturing of  the holistic development of students.

Faculty: The faculty should have excellent knowledge, enthusiasm, and willingness to help so that they can engage the students in learning. They should have a dedicated and updated approach to teaching, excellent verbal and communication skills, adaptability, and flexibility. In UG level faculty must be a mentor to the students to help them discover and achieve their aspirations.

Various Career Options: B.Com. graduates get plenty of career options to choose from. The options range from pursuing a professional course like CA, CFA, CWA & CS also they may opt for higher education options such as PGDM or MBA. Furthermore, some specializations of the course also create a strong foundation for various MBA programs. Courses like B.Com. in Marketing and E-commerce serve to be beneficial for the students who wish to go in for an MBA degree.

With multiple benefits and great course linkages to other degrees, College of Commerce of IPS Academy help structure the students to getting prepared for the world of work.