The degree was first offered by the University of Birmingham. William Ashley began the program at the University which was the forerunner of many other B. Com degree programs throughout the British Empire.
To understand the purpose of a B. Com degree, we must understand what a B. Com is. Almost everyone knows that B. Com is the short-term for Bachelor of Commerce which is a 3-Year undergraduate program. It is the second most popular program in Commerce in India. The most common courses under B. Com are B. Com, B. Com (Honors), B. Com LLB.
The purpose of a B. Com is to teach students managerial skills and building competence in a particular area of business at the same time. During the 3-Year period, students are taught topics like Financial auditing, business management, auditing, company law, etc. One of the advantages of doing a B. Com is that the student has a plethora of fields to pursue after their graduation like banking, retailing, media communications, education and so on.
If you want to undertake a professional career in a particular field of commerce, then you should opt for B. Com (Honors) in your desired field. Honors in any bachelor’s degree aim to provide a deeper understanding of a particular field of work. This is done by providing the students with a larger volume of material or a higher level of study in the specialization.
Now, let’s take a look at who should go for a B. Com. This program is for you if you want to work in the field of accounting, retailing, banking, finance management, etc. It is the most common choice of the students that pursue CA as a career or the students that want to go for an MBA in finance or M. Com in Cost and management accounting, auditing and control, Income tax and many more.
Now that you understand whether you should go for a B. Com or not, you have to select a college that matches your needs, which in most cases is to get a good job. Almost all of the commerce colleges in our country offer B. Com as one of their programs, but completing your bachelor from a reputed college can make all the difference in your career and your salary.
According to a study in 2019, employability among Bachelor of Commerce graduates in India was about 30 percent, which means that if you go to any normal college for your bachelor’s, 70% of your batchmates will be unemployable in the future. So, you have to gain some experience in the field of commerce that you are interested in, do some extra courses, get a summer internship.
Be wary while searching for internships or courses, don’t jump on the first internship or course that you find. Assess whether the program is aligned to your personal goals or not, are you going to gain any practical skillset or not. Many students join unrelated courses under peer pressure which in the end never works out.
Before you leave, we’d like to suggest a few things that you can do to ensure that you have a successful career:
Choose your career path wisely. Understand your strengths and weaknesses, if you’re bad at understanding numbers, you might want to reconsider if you want to become an accountant. Similarly, if you’re good at managing people or you’re a team player, you might want to consider a career in management.
Gain Practical Experience. As we discussed earlier, one of the best things that you can do for your career is to go out of your way to get experience in the field that you want to work in. This will ensure that you have the required skills to get a decent job. Having some experience in your field of interest also improves your impression on recruiters, as it sends out the signal that you’re willing to work for what you want.
If you want to know more about the courses that GCEC offers, kindly follow the links given below: