B.Com. - Colleges, Courses, Fees & Scope

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

Degree course details

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.

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 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 – 

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

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.