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0 universities related to B.Com., B.Ed. found in Australia

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Updated on - October 14th 2019 by Piyush Bhartiya

About Australia

Today, Australia is the third most popular international student destination in the world. The country attracts around 300,000 international students every year, and the number has taken a sharp jump in 2018 and 2019. Further, universities and colleges in Australia are very diverse and well-equipped with world-class facilities and quality education which have benefitted not just the country, but the world. Australia is home to 43 universities which comprises 40 Australian universities, two international universities, and one private specialty university. 

The country has, somewhat, a special allure and has always been drawing talented students like a magnet. Studying in an Australian environment allows for invaluable academic, professional, and personal growth, and opens up an infinite number of career opportunities after graduation. Australian Universities also provide innumerable opportunities in many areas of technology and research, also benefitting from generous funding and offering support to international Ph.D. students. Even undergraduates and postgraduates have the opportunity to attend a Bachelor's and Master's program that involves research.

Apart from studies, University campuses in Australia have a life of their own, and they are like small student towns and encouraging students to socialize, interact, and make friends. Australia also has a multicultural environment, and Australian universities support cultural diversity and in this respect, organize various social and cultural activities.

Top Universities in Australia

The university or college that one chooses to go to can have a significant impact on the rest of one's life that's why it is better to have some research about the universities and their rankings. 

Fortunately, 37 of the world's best universities in the 2019 edition of the QS World University Rankings are in Australia, including 15 in the global top 250. The institutions at the very top of the ranking are well known for their higher education opportunities. According to the QS World University Rankings 2019, following are the top 15 universities in Australia:

  1. Australian National University
  2. University of Melbourne
  3. University of Sydney
  4. University of New South Wales
  5. University of Queensland
  6. Monash University
  7. University of Western Australia
  8. University of Adelaide 
  9. University of Technology, Sydney
  10. University of Newcastle
  11. University of Wollongong
  12. Queensland University of Technology
  13. Curtin University
  14. Macquarie University
  15. RMIT University

Popular Courses in Australia

Universities located in Australia have a strong reputation worldwide. The Australian education system is known to be a strong proponent of internationalization and provides diverse programs which become a prime reason for its popularity among international students. The most popular majors in Australia are as follows:

  • Business and Management
  • Medicine
  • Dentistry
  • Finance and Accounting
  • Law 
  • Education
  • Creative Arts and Design
  • Engineering
  • Computer Science and Information Technology
  • Environmental Science
  • Psychology

Living Expenses and Part-time Jobs

The prime reason for Australia being popular among Indian (International) students is due to the exceptional quality of education and also because of stay-back and immigration features. It offers some of the best undergraduate and postgraduate degrees in the world, but also potentially high living costs one needs to be aware of. 

The Australian Government specifies AU$20,290 as the minimum amount required to cover living costs for one year. This figure excludes tuition fees or the cost of travel to and from the country. The average tuition fee for international undergraduate students is AU$30,840 per annum, whereas, for international postgraduate students, the average tuition fee is AU$31,596.

Generally, the cheaper the cost the further away from the city you will be, the more people you'll be living with, or the more rundown the accommodation will be. Expenses also vary depending on the city in which one chooses to study, with Sydney being more expensive, while Adelaide and Canberra are generally less costly.

International students in Australia are allowed to work up to 40 hours a fortnight during the university semester study periods and full-time during the vacation period. Following are the most popular part-time jobs that a student can take up at Australian universities:

  • Hospitality (working in cinemas, restaurants, bars, hotels, takeaway food stores, and sporting venues)
  • Tourism Management
  • Tutor
  • Agricultural Sector
  • Sales and Telemarketing
  • Administration or Clerical jobs
  • Retail

 

Co-Founder @ AdmitKard

Piyush values education and has studied from the top institutes of IIT Roorkee, IIM Bangalore, KTH Sweden and Tsinghua University in China. Post completing his MBA, he has worked with the world's # 1 consulting firm, The Boston Consulting Group and focused on building sales and marketing vertical for top MNCs and Indian business houses.
Updated on - October 12th 2019 by Piyush Bhartiya

overview

There are many kind of degrees under the stream of business like accounting, banking, business, foreign trade management etc. This degree is famous in countries like Canada, Australia, and New Zealand. 

The degree is to provide good management skills to the students, along with building a competence in a particular stream of the subject. In their beginning years general business principles, marketing, economics, accounting, finance, business management, human resources, business statistics, information systems are taught. A student can go for business related specialization like MBA after pursuing this course. 

B.Com (Hons) or Honours Bachelor’s of commerce is an advanced course which is of 4 years.  The fourth year is research based and may require presentation of a thesis hence it is often focused on a single subject area. This course is an added benefit if the student wishes to pursue M.Com or MBA.

Let us see some of the subjects B.Com specializations and other subjects of interest

  • Accounting
  • Advertising
  • Operations Management
  • Business System analysis
  • Business economics
  • Human Resources
  • Information Management
  • Insurance
  • Law
  • Management

B.Com in foreign trade management is an emerging field for the students. This course gives a global perspective and helps to build a strong foundation and understanding of the global market. This course is also of 3 years duration divided into 6 semesters. 

University of Alberta provides a B.Com course of duration of 4 years. They don’t accept students directly from high school but require them to show a complete year of pre-professional studies at a recognized post – secondary institution. The course gives a basic understanding of business studies along with 16 majors available to choose from. 

Some of the colleges listed below are one of the top colleges offering bachelor’s and master’s courses in business management

University

Country

Harvard Business School

US

MIT Sloan School of Management

US

INSEAD 

Singapore

The Wharton School, University of Pennsylvania

US

IE Business School

Spain

Stanford University

US

London Business School

UK

IMD

Switzerland

IESE Business School - University of Navarra

Spain

Chicago Booth School of Business

US

 

Degree course details

Level

Duration

Bachelor’s degree

3 – 4 years

Master’s degree

2 years 

 

Top Universities Abroad

BBA and MBA is the most widely pursued course by the international students. According to the QS, 43% of the students opt for MBA abroad. One of the major reasons is high investment return promised to MBA and BBA graduates. Countries like the USA, UK, Australia are famous for offering the students good business degrees in undergraduate and graduate level.

Name

Fees

Deadlines

Massachusetts Institute of technology

$51,832

Nov 1, Jan 1

University of Michigan – Ann Arbor

$49,250

Nov 1, Feb 1

University of Pennsylvania

$55,584

Nov 1, Jan 5

Purdue University – West Lafayette

$28,804

Nov 1, Feb 1

Carnegie Mellon University 

$55,465

Nov 1, Jan 1

University of California

$43,232

Nov 30, Dec 31

Georgia Institute of Technology

$33,020

Oct 15, Jan 1

Michigan State University

$39,750

April 30

Ohio State University

$30,742

Nov 1, Feb 1

University of North Carolina – Chapel Hill

$35,169

Oct 15, Jan 15

University of Alberta

Rs. 19.42 Lakhs

Nov 1, Jan 1

 

Admission Process and Eligibility

Most of the colleges consider the documents like Statement of Purpose (SoP), Letters of Recommendation (LoRs), entrance exams and/or entrance interviews. This process assesses the candidate’s interest and capability towards the course. 

  • A few colleges ask their applicants to submit financial records of the family along with the registrations so as to ensure that the family can pay the tuition fees and miscellaneous expenses over the course of the first year. If the university is offering a scholarship you’re eligible for, you can apply for it and show it as a financial support to the course taken.
  • In addition to this, many colleges permit their students to intern and do part-time jobs so as to be able to handle their expenses as in case of Canada. It is important to be noted that pursuing a Masters’ education in the USA would require 16 (12+4) years of education which often poses a problem for Indian students who’ve completed their bachelors in 3 years or so.
  • Foreign countries also require their international students to submit scores of tests like IELTS, GRE, TOEFL, GMAT, SATs, etc. in order to prove fluency in the English language.

 

Course

Eligibility

Bachelor’s degree

TOEFL – 90

IELTS 6.5 – 7.0

10 + 2 qualification

SAT score (eligibility depends on university)

 

Course Syllabus

The course syllabus of B.Com may vary from college to college and specializations, however some of the common subjects of this degree are as follows – 


SUBJECTS

    

                               SEMESTER 1

   

1

ACCOUNTS   

Financial Accounting – 1

2

ECONOMICS

Fundamentals of Microeconomics

3

MATHS / COMPUTER

Mathematics & Statistics-I OR

*Mathematics for Finance-I OR

Business Computing-I

4

MANAGEMENT

Business management -I

5

COMPULSORY ENGLISH

English for Communication-1

6

ADDITIONAL ENGLISH

Language through Literature-1

 

Subject Specialization – banking, accounting, finance, business entrepreneurship.

SUBJECT

                                              SEMESTER – 3

1

Accountancy

Corporate Accounting-I

2

Economics

Macroeconomics-I

3

Business Management / Communication

Fundamentals of Management

4

Company Law

Elements of Company Law- I

5

Cost Accounting

Basics Of Cost Accounting – Spl-I

   

Basics of Cost Accounting-Material – Spl – II

6

Banking and Financial Course

Financial System & Indian Banking Structure(Paper-I)

Financial Institutions in India (Paper-II)

7

Entrepreneurship

Financial Institutions in India (Paper-II)

   

Growth of Entrepreneurship

GROUP “B” – SPECIALIZATION IN

8

Business Communication

Communication for Marketing

9

Marketing Management

Fundamentals of 

Marketing

   

                                          Customer Value Management

 

Career and Job Prospects

There are numerous jobs that can be pursued after doing B.Com. Mostly students opt for a higher degree like M.Com or MBA to get better jobs and placements at good companies. Universities like London School of Economics offer good courses in Business, Economics and finance. The students can also prepare their future in becoming a CA which is one of the most respected jobs nowadays with a high salary.

Agribusiness is another emerging field of interest which is a combination of agriculture and business, graduates in this field work in diverse areas in food and agriculture industries. Students learn about production, supply chain management, international trade, agriculture entrepreneurship and more. Royal Agriculture University in the UK, which is one of the oldest agriculture universities, offers MBA in Advanced Farm Management, International Food and Agribusiness.

Business Intelligence and analytics

Converting data into useful information to have better  business decisions is Business Intelligence. It is a large and complex field which includes of analytics, data and text mining, predictive modelling and more. The demand for the BI professionals is been high since the last few years and is predicted to rise exponentially by 2020.

Entrepreneurship

A master’s degree in entrepreneurship is designed to help students understand the challenges and opportunities that they can come across while working with new ventures. Beginners of entrepreneurship are taught leadership skills, marketing strategies, market research, and innovation.

Finance

A finance degree is a great opportunity in the field of financial analysis, corporate finance, investment, portfolio management, banking, and more. Finance is a core subject of business and people from this stream are in high demand in major financial centres like London, New York, Toronto, Shanghai. One of the top job posts  for Finance professionals is CFA (Chartered Financial Analyst) and many UK universities like Warwick, Lancaster, Manchester, Durham offer programs in partnership with CFA and also help prepare for CFA level 1.

Digital Marketing

In the age of digital media, various businesses have paved their way to digital marketing for advertising their product. Students gain knowledge on web optimisation, online advertisement on various platforms, UX/UI design, analytics, content optimisation, Ecommerce management etc. A master’s degree is preferred before getting into this field.

Average Salary

The average salary of a CA along with people working in the banking sector have a high pay compared to the other job posts, getting to these kind of job titles also requires a lot of knowledge and hardwork.

Job

Average

Accountant

C$49,736

Financial Controller

C$78,960

Financial Analyst

C$56,047

Senior Accountant

C$60,906

Staff Accountant

C$44,334

Senior Financial Analyst

C$76,368

Assistant Controller

C$65,580

 

Co-Founder @ AdmitKard

Piyush values education and has studied from the top institutes of IIT Roorkee, IIM Bangalore, KTH Sweden and Tsinghua University in China. Post completing his MBA, he has worked with the world's # 1 consulting firm, The Boston Consulting Group and focused on building sales and marketing vertical for top MNCs and Indian business houses.